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excess depreciation

Defined in 1 dictionary — U.S. Code

United States Code

26 U.S.C. § 280F — in this section

For purposes of subparagraph (A), the term “excess depreciation” means the excess (if any) of—

(i) the amount of the depreciation deductions allowable with respect to the property for taxable years before the 1st taxable year in which the property was not predominantly used in a qualified business use, over

(ii) the amount which would have been so allowable if the property had not been predominantly used in a qualified business use for the taxable year in which it was placed in service.