HOUSE, SENATE APPROVE TAX CUT BILL WITH INCREASED BONUS DEPRECATION PERCENTAGE
The House And Senate late last week approved a tax cut bill that would increase the bonus depreciation percentage from 30 percent to 50 percent. Under the provision, property acquired after May 5, 2003, and before Jan. 1, 2005, would qualify for the 50 percent accelerated depreciation (BA, May 5/209...
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