SECTION 3. SCOPE AND OBJECTIVE

1. The limitations on depreciation deductions in section 4.02 of this revenue procedure apply to automobiles (other than leased automobiles) that are placed in service in calendar year 2002 and continue to apply for each tax year that the automobile remains in service.

2. The tables in section 4.03 of this revenue procedure apply to leased automobiles for which the lease term begins in calendar year 2002. Lessees of such automobiles must use these tables to

Drafting Information

The principal author of this notice is Todd Newman of the Employee Plans, Tax Exempt and Government Entities Division. For further information regarding this notice, please call Mr. Newman at (202) 283–9888 (not a toll-free number).

26 CFR 601.105: Examination of returns and claims for refund, credit, or abatement; determination of correct tax liability. (Also Part I, § 61, 280F; 1.61–21, 1.280F–7.)

Rev. Proc. 2002–14