GAMA TO WORK TOWARD BONUS DEPRECIATION EXTENSION
The bonus depreciation provision, which GAMA championed, was contained in this year's tax bill, the Job Creation and Worker Assistance Act. It boosted first-year depreciation to 50 percent for business property acquired after May 5, 2003 and put into service before Jan. 1, 2005 (Jan. 1, 2006 if the...
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