When Are Assets "Used"?

dc.contributor.author Harl, Neil
dc.contributor.department Iowa State University Digital Repository
dc.date 2018-02-19T00:39:59.000
dc.date.accessioned 2020-06-29T22:53:20Z
dc.date.available 2020-06-29T22:53:20Z
dc.date.embargo 2017-10-30
dc.date.issued 2002-11-01
dc.description.abstract <p>The Job Creation and Worker Assistance Act of 2002, among other provisions, created a new 30 percent extra depreciation amount for regular tax and alternative minimum tax purposes. Among the requirements is the specification that for property to be eligible “the original use” must commence with the taxpayer after September 10, 2001. The statute does not contain a definition of “original use” and no guidance has been provided to date by the Internal Revenue Service. However, a distinction was drawn earlier for investment tax credit purposes (because of the limit on the amount of used property eligible for investment tax credit) and for purposes of determining eligibility for accelerated depreciation.</p>
dc.identifier archive/lib.dr.iastate.edu/aglawdigest/vol13/iss21/1/
dc.identifier.articleid 1654
dc.identifier.contextkey 10971273
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath aglawdigest/vol13/iss21/1
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/3086
dc.source.bitstream archive/lib.dr.iastate.edu/aglawdigest/vol13/iss21/1/AgLawDigest_v13n21_01.pdf|||Fri Jan 14 17:49:32 UTC 2022
dc.subject.disciplines Agricultural and Resource Economics
dc.subject.disciplines Agricultural Economics
dc.subject.disciplines Agriculture Law
dc.subject.disciplines Public Economics
dc.title When Are Assets "Used"?
dc.type article
dc.type.genre article
dspace.entity.type Publication
relation.isJournalIssueOfPublication 525f45ba-e2ee-4b75-8888-1037406f3398
relation.isOrgUnitOfPublication d2bcee6c-7cba-4fa7-bd11-543354ce7b1b
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