REV. PROC. 2011-21 TABLE 8
DEPRECIATION LIMITATIONS FOR TRUCKS AND VANS PLACED IN SERVICE IN CALENDAR YEAR 2010 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION APPLIES
1st Tax Year
2nd Tax Year
3rd Tax Year
Each Succeeding Year
(3) Modification to lease inclusion amounts for 2010. The lease inclusion amounts
in Tables 3 and 4 of Rev. Proc. 2010-18 are modified by striking the first four lines of the
inclusion amounts in each table. Consequently, Table 3 of Rev. Proc. 2010-18 applies
to passenger automobiles (other than trucks and vans) that are first leased by the
taxpayer in calendar year 2010 with a fair market value over $18,500, and Table 4 of
Rev. Proc. 2010-18 applies to trucks and vans that are first leased by the taxpayer in
calendar year 2010 with a fair market value over $19,000.
SECTION 5. EFFECTIVE DATE
This revenue procedure, with the exception of section 4.03, applies to passenger
automobiles that a taxpayer first places in service or first leases during calendar year
2011. Section 4.03 of this revenue procedure applies to passenger automobiles that a
taxpayer first places in service or first leases during calendar year 2010.
SECTION 6. EFFECT ON OTHER DOCUMENTS
Rev. Proc. 2010-18 is amplified and modified.
SECTION 7. DRAFTING INFORMATION
The principal author of this revenue procedure is Bernard P. Harvey of the Office
of Associate Chief Counsel (Income Tax & Accounting). For further information
regarding this revenue procedure, contact Mr. Harvey at (202) 622-4930 (not a toll-free