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bonus depreciation

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bonus depreciation

Additional depreciation deductions allowed by the IRS under certain circumstances and possibly in certain areas.After the devastating effect of the 9/11 attacks,business owners were allowed to take a first-year depreciation deduction of up to 50 percent of the basis of property placed in service between specified dates. This was in contrast to the normal deduction of 3.63 or 2.56 percent for real property, depending on whether it was commercial or residential rental.Again,after the 2005 hurricane season,the IRS allowed the same bonus depreciation for property placed in service in specifically named Gulf Opportunity Zone counties in the affected states.



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110-289 (Housing Act), allows corporations to make an election to forgo bonus depreciation and instead claim an accelerated pre-2006 research and/or
The impact on industrial investment has been real, thanks to the inclusion of bonus depreciation in the bill.
That means costs must be recovered under the regular depreciation rules (or via bonus depreciation when available).
 
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