Modifications Related To Bonus Depreciation & Section 179 Expensing Instructions Page 5
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40Note: because there was no federal bonus depreciation in tax years beginning in 2006 or 2007,
there were no Maine adjustments required in those tax years.
Bonus depreciation claimed for property placed in service after 2007.
During these years, decoupling from federal law is comprised of an income modification (either
addition or subtraction) representing the difference between the federal depreciation claimed and
the depreciation that would have been allowed without the bonus depreciation.
Note: the new modification statute applies only to bonus depreciation claimed in tax years
beginning after 2007. The new modification statute does not apply to section 179 expenses.
For property placed in service after 2007, two separate calculations may be required; for section
179 expense claimed, the same approach used for property placed in service in 2003 – 07 is used;
for bonus depreciation claimed, the addition modification is the same as in prior years, but the
subtraction modifications are calculated as the difference between federal depreciation claimed
and depreciation that would have been allowed if no bonus depreciation had been claimed for
that property. For property placed in service after 2007, and against which both section 179
expense and bonus depreciation are claimed, two separate modification calculations may be
necessary. See the examples starting in Section V for more detailed information.
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