Pennsylvania conforms to federal 100 percent bonus depreciation deduction

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Pennsylvania corporate taxpayers that claim a 100 percent bonus depreciation deduction under I.R.C. Sec. 168(k) in computing federal taxable income are not required to make an addition modification with respect to such deduction in computing state taxable income, the Pennsylvania Department of Revenue stated in a tax bulletin. The bulletin also explains how taxpayers may recover disallowed or unrecovered bonus depreciation claimed with respect to property that is the subject of a consent agreement permitting a change in accounting method. [Penn. Dept. of Rev., Corporate Income Tax Bulletin # 2011-01, 2/24/11]


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