New 2011 NPES Tax Calculator for 100% Expensing
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• Specifically, corporations will be able to utilize their AMT credits in lieu of bonus depreciation on property placed in service in 2011 and 2012.
• This election will allow a taxpayer to “monetize” its AMT credits generated before 2006, and will equal the lesser of 20 % of the additional first-year bonus depreciation foregone, or 6 percent of the AMT credits generated before 2006 that were available for the first taxable year ending after March 31, 2008.
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