I was just reading how the Jobs and Growth Tax Relief and Reconciliation Act of 2003 increased the bonus depreciation rate from 30% to 50%, of hte adjusted basis of qualified property. I thought people here might benefit from knowing a bit about it.

The bonus depreciation is determined without any pro-ration based on the date the property was placed in service. This means that if you put in service on 12/31, or whenever your tax year ends, you're eligibel for hte full 50% bonus depreciation.

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Peter T Davis
Frixer, Inc.
Helping people make profitible businesses on the web.