The Car and Truck Fleet and Leasing Management Magazine

Depreciation of Light Trucks and Vans

September 10, 2002

Sen. Christopher Bond (R-MO), Chairman of the Senate Small Business Committee, is urging the IRS to exempt any truck or van from the limitation on depreciation deductions otherwise imposed on businesses under section 280F(a) of the Internal Revenue Code. In his letter to the IRS, Bond says the Treasury Department has the authority to exempt any truck or van from these depreciation limitations. When the department develops guidance on the matter next year, Bond is urging them to make the exemption as simple and straightforward as possible. He also asked that the rule cover as many light trucks and vans used in business as possible. Bond maintains that a broad rule will benefit more small firms by eliminating the depreciation limitations, burdensome calculations, and record keeping imposed by section 280F.
Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All


Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All


Sponsored by

Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems.

Read more

Up Next

More From The World's Largest Fleet Publisher