"Bonus depreciation" defined
Sec. 20. 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 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.5. Amended by P.L.246-2005,
SEC.76.
Last modified: May 28, 2006