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How Will 100% Bonus Depreciation Impact Like Kind Exchange Programs for Lessors in 2011?
On Dec. 17, 2010, President Obama signed HR 4853, the “Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010″ (the “ACT”). Among other things, the ACT increased the “bonus” depreciation deduction from 50% to 100% for qualified property acquired and placed in service between Sept. 8, 2010 and Dec. 31, 2011, and it extended 50% bonus depreciation for property acquired and placed in service in calendar year 2012.
With the enactment of 100% bonus depreciation in particular, many companies with active Like Kind Exchange (“LKE”) programs are wondering whether it makes sense to suspend their LKE programs for the balance of 2011. Their logic hinges on the federal income tax impact of LKE deferrals on the tax basis of replacement property available for a 100% bonus depreciation deduction. Since gain deferred by LKE reduces the depreciable basis of replacement property, it also reduces the amount of basis that might otherwise be deducted using 100% bonus depreciation.
The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
Use of Deferred Prosecution Agreements In White Collar Investigations
This article discusses the practical and policy reasons for the use of DPAs and NPAs in white-collar criminal investigations, and considers the NDAA's new reporting provision and its relationship with other efforts to enhance transparency in DOJ decision-making.
How AI Has Affected PR
When we consider how the use of AI affects legal PR and communications, we have to look at it as an industrywide global phenomenon. A recent online conference provided an overview of the latest AI trends in public relations, and specifically, the impact of AI on communications. Here are some of the key points and takeaways from several of the speakers, who provided current best practices, tips, concerns and case studies.
New York's Latest Cybersecurity Commitment
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.