IRS Code 280F GVWR over 6000 pounds
From TaxAlmanac, A Free Online Resource for Tax Professionals
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.
From TaxAlmanac
Revision as of 14:04, 3 August 2005; view current revision
←Older revision | Newer revision→
←Older revision | Newer revision→
The American Jobs Creation Act of 2004 clarified the rules about computing depreciation for vehicles that qualify under this section. According to their Headliner dated March 18th, 2005, the truck, van or SUV still does not need to be new, rather only placed in service. A vehicle with an unloaded gross vehicle weight (GVWR) of more than 6,000 pounds is exempt from the limitations.
