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To: ild who wrote (20358)	1/4/2005 1:34:22 PM
From: TH	Read Replies (1) \| Respond to of 116555

ild, I think you are correct. Here is something that states that the SUV credit was reduced in October 04. I could not find if this credit ended for standard heavy trucks. "Expense Limit for SUVs — Businesses should be aware of a change regarding the deduction for certain sport utility vehicles (SUVs) placed in service after Oct. 22. Under the American Jobs Creation Act of 2004, businesses cannot take a first-year deduction of more than $25,000 for an SUV. The business would depreciate the remaining cost. (The limit for vehicles placed in service before Oct. 23 was $100,000.) The new limit does not affect other types of property where the taxpayer decides to expense the cost instead of depreciating the property." I'm sure that Grace will know the answer. She seems very informed on tax issues. If not I will ask my accountant next month. Great guy, with this famous quote, "your problem is that you think you owe a fixed amount of tax, we make an offer, and if they don't like it, we make another offer, no problem!". Hehe. selfemployedweb.com GT TH