I have heard and then read that the $25,000 SUV expensing is going to disappear. What do you know about this? (F.M., Charleston, SC)
The U.S. House of Representatives passed an energy bill (H.R. 3221) that would eliminate the $25,000 expensing for SUVs purchased and placed in service in 2008 and later years.
The U.S. Senate passed an energy bill (H.R. 6) that contains no such provision.
Further, the Senate Finance Committee’s energy tax package that failed to ... Log in to view full article.