The Car and Truck Fleet and Leasing Management Magazine

Treasury Department Agrees to Consider Depreciation Limits

March 5, 2002

The Treasury Department has agreed to a request by the National Association of Fleet Administrators (NAFA) to consider making changes to the treatment of trucks and vans for depreciation purposes. In a letter to NAFA, a Treasury official said the agency will begin a rulemaking to establish exemptions for trucks and vans from the depreciation limits on vehicles. The rulemaking will begin this summer.
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