It has been suggested that this article be merged into Corporate tax in the United States. (Discuss) Proposed since February 2012. |
This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these messages)
No issues specified. Please specify issues, or remove this template. |
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 threatened to cost states very large amounts of revenue.[1] Federal Bonus Depreciation, Section 168(k) of the Internal Revenue Code,[2] allows the acceleration of depreciation on federal tax returns, i.e., writing off a higher amount of depreciation for the first year an asset goes into service.[3] States that refuse to accept this method of calculating depreciation for state taxes, for example, Iowa and Maryland, publish forms with instructions so stating.[4][5]
Notes
- ^ http://www.ovguide.com/decoupling-modification-9202a8c04000641f8000000013a2d17b
- ^ http://web.utk.edu/~jwachowi/hr3090.html
- ^ https://revenue-pa.custhelp.com/app/answers/detail/a_id/419/~/what-does-it-mean-to-decouple-from-federal-bonus-depreciation%3F
- ^ http://iowa.gov/tax/taxlaw/11SF512D.pdf
- ^ http://forms.marylandtaxes.com/current_forms/500dm.pdf