"Through taking advantage of these tax incentives, small business will be able to invest in IT which can be an important enabler to help them deliver improved performance, productivity and efficiency. It could have a direct impact on their ability to succeed in this difficult economic climate."

Small businesses must invest a minimum of $1000 per asset, or group of assets, to qualify for the tax break. The coalition said it will pass the legislation which in its expanded form is estimated to cost about $141 million in revenue over four years. Software will not be included in the scheme. More details are available .