Accelerated Depreciation and State Revenues
Institute of Government and Public Affairs Special Publication, (September 2002). Used by permission.
For state governments across the country, these are austere times. States are facing some of the worst budget shortfalls in decades, leaving legislators scrambling to bring revenues and expenditures into balance, while not upsetting their constituencies. In addition to changing economic conditions, a recent federal change granting accelerated depreciation to business threatened to eat up additional state revenue. A popular response from many states has been to decouple from the federal definition of income: i.e., not allow bonus depreciation for state taxes by moving away from the federal definition of income.
Seth H. Giertz. "Accelerated Depreciation and State Revenues" 2002
Available at: http://works.bepress.com/seth_giertz/8