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#REDIRECT [[MACRS#Special allowances and bonus depreciation]]
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'''Decoupling modification''' is a [[tax]] terminology resulting from the [[federal tax law]] enacted March 9, 2002, which created a new tax deduction for "bonus depreciation" that threatens to cost states very large amounts of revenue.{{fact|date=January 2012}} Prior to such law, nearly all states used the federal definition of taxable business income including the federal allowance for depreciation as the basis for their own tax calculations.{{fact|date=January 2012}}
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By "decoupling" states essentially disallow the new bonus depreciation provision.{{fact|date=January 2012}} As of 2010, thirty states plus the [[District of Columbia]] that previously followed federal [[depreciation]] rules are now "decoupled".{{fact|date=January 2012}} See for example, the form 500DM from State of [[Maryland]].
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http://forms.marylandtaxes.com/current_forms/500dm.pdf
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==See also==
* [[Tax deduction]]
* [[Depreciation recapture]]
*
==External links==
* [http://www.irs.gov/ The Internal Revenue Service Website]
* [http://www.access.gpo.gov/uscode/title26/title26.html The Internal Revenue Code]
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[[Category:Taxation in the United States]]
[[Category:Taxation]]
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