Mark Rand wrote in
:

On Wed, 02 Feb 2005 11:44:43 -0600, Robert Davidson
wrote:



Cliff, I don't think that SUV loophole exists anymore. At least not
for
the full deduction.

http://www.taxguru.org/incometax/Rates/Sec179.htm

"As of October 22, 2004, the maximum amount that can be claimed for
SUVs
weighing between 6,000 and 14,000 pounds is $25,000. The remaining
$77,000 can be used for other kinds of business equipment, including
vehicles weighing more than 14,000 pounds."

http://www.bankrate.com/brm/itax/Edi...Stories/sec179
_deduction.asp

"However, when it comes to vehicles purchased utilizing the Section
179
break, legislators took back some of the benefit as it related to
large
sport utility vehicles. When the limit was originally increased,
business owners were allowed to select for company use one of several
light-truck models (which included many luxury SUVs) weighing more
than
6,000 pounds fully loaded and write off most, if not all, of the costs
on their tax returns. That changed on Oct. 22, when the American Jobs
Creation Act became law; now only company vehicles weighing 14,000 or
more are eligible for the larger deduction amount."


snip


So that'd be a Humvee then?


Mark Rand (in the UK)
RTFM

Please see my link/stats for a Humvee in my reply to Cliff. I think
this revision to section 179 is to specifically exclude all SUVs. It
re-defines a heavy work vehicle to more accurately account for the
purchase of a true 'heavy work' vehicle, not an SUV. Even the fattest
Hummer is prob . no more than 1/2 the GVW of this kind of auto.

--
Robert Davidson
President
Atlas Financial Corporation
877-750-9445