And as fans and society continue to take an increasingly academic look at professional sports, the Roster Depreciation Allowance
is a crucial consideration in the economics of professional sports.
31, 2008, deadline and that the taxpayer was entitled to take the accelerated depreciation allowance
under the GO Zone Act of 2005.
Unless Congress extends the bonus depreciation allowance
, it generally will not be available for property placed in service after 2012.
But unless current law is extended, a company that purchases a heavy SUV in 2013 will not receive the 50% first-year depreciation allowance
Although probably unintended, the limited-time 100% "bonus" depreciation allowance
includes a new, heavy SUV purchased and used for business.
Re-proposing or extending other current or past tax incentives, including the 15 year leasehold improvement depreciation and the extension of the current 50 percent bonus depreciation, which allows property owners to deduct 50 percent of the cost of qualifying property in addition to the regular depreciation allowance
The bonus depreciation allowance
is available only for new property (property for which the original use begins with that taxpayer), but does include off-the-shelf computer software usually depreciable over three years.
It is also important to point out that depreciation limits on business vehicles are up to $8,000 higher for automobiles, trucks, and vans for which the special depreciation allowance
The second provision provides an additional 50 percent special depreciation allowance
for property acquired and placed in service during calendar year 2008.
They include the accelerated depreciation allowance
, which permits the entire investment to be depreciated to zero in six years, 70 percent in the first three years.
Americans will see an enhancement of section 179 and a 50-percent bonus depreciation allowance
Businesses may also be able to take an additional first-year special depreciation allowance
for new equipment ordered and placed in service during 2008.