Capital Markets Accounting Developments Advisory 2010-6
September 2010
At a glance
On September 8, 2010, President Obama proposed that Congress approve legislation to provide, among other things, the 100 percent expensing of qualified investments beginning September 8, 2010 through 2011. In short, this is viewed as a benefit to taxpayers because it would allow taxpayers to reduce their taxable income by the cost of the investments in the first year rather than spreading the depreciation expense over multiple years.
September 29, 2010
The Obama Administration’s call for 100 percent expensing of qualified investments could incentivise leveraged leases and sale-leaseback transactions.
On September 8, 2010, President Obama proposed that Congress approve legislation to provide, among other things, the 100 percent expensing of qualified investments beginning September 8, 2010 through 2011. In short, this is viewed as a benefit to taxpayers because it would allow taxpayers to reduce their taxable income by the cost of the investments in the first year rather than spreading the depreciation expense over multiple years.