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Pepper Hamilton LLP: New Bonus Depreciation Guidance in Rev. Proc. 2011-26 Offers Opportunities for Taxpayers

By Ellen McElroy & Anthony J. Balden The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, 1 signed into law last December, temporarily increases bonus depreciation deductions under Section 168(k) from 50 percent to 100 percent. This immediate...