"Bonus depreciation" defined
Sec. 33. As used in this article, "bonus depreciation" means an
amount equal to that part of any depreciation allowance allowed in
computing the taxpayer's federal adjusted gross income or federal
taxable income that is attributable to the additional first-year special
depreciation allowance (bonus depreciation) for qualified property
allowed under Section 168(k) of the Internal Revenue Code,
including the special depreciation allowance for 50-percent bonus
depreciation property.
As added by P.L.105-2003, SEC.3. Amended by P.L.246-2005,
SEC.71.
Last modified: May 28, 2006