SECTION 3. SCOPE — Internal Revenue Bulletin 2009-17

.01 The limitations on depreciation deductions in section 4.02(2) of this revenue procedure apply to passenger automobiles (other than leased passenger automobiles) that are placed in service by the taxpayer in calendar year 2009, and continue to apply for each taxable year that the passenger automobile remains in service.

.02 The tables in section 4.03 of this revenue procedure apply to leased passenger automobiles for which the lease term begins during calendar year 2009. Lessees of these passenger automobiles must use these tables to determine the inclusion amount for each taxable year during which the passenger automobile is leased. See Rev. Proc. 2002–14, 2002–1 C.B. 450, for passenger automobiles first leased before January 1, 2003, Rev. Proc. 2003–75, 2003–2 C.B. 1018, for passenger automobiles first leased during calendar year 2003, Rev. Proc. 2004–20, 2004–1 C.B. 642, for passenger automobiles first leased during calendar year 2004, Rev. Proc. 2005–13, 2005–1 C.B. 759, for passenger automobiles first leased during calendar year 2005, Rev. Proc. 2006–18, 2006–1 C.B. 645, for passenger automobiles first leased during calendar year 2006, Rev. Proc. 2007–30, 2007–1 C.B. 1104, for passenger automobiles first leased during calendar year 2007, and Rev. Proc. 2008–22, 2008–12 I.R.B. 658, for passenger automobiles first leased during calendar year 2008.

2009–17 I.R.B. 886 April 27, 2009

by the taxpayer in calendar year 2009, for which the 50 percent additional first year depreciation deduction applies. Use Table 3 for a truck or van placed in service by the taxpayer in calendar year 2009, for which the 50 percent additional first year depreciation deduction does not apply, including a truck or van in a class of property for which the taxpayer elects out of the 50 percent additional first year depreciation deduction or a truck or van that is eligible qualified property to which the § 168(k)(4) election applies. Use Table 4 for a truck or van placed in service by the taxpayer in calendar year 2009, for which the 50 percent additional first year depreciation deduction applies.

year 2009, the new truck component of the CPI is used instead of the new car component. The new truck component of the CPI was 112.4 for October 1987 and 133.640 for October 2008. The October 2008 index exceeded the October 1987 index by 21.24. The Service has, therefore, determined that the automobile price inflation adjustment for 2009 for trucks and vans is 18.90 percent (21.24/112.4 x 100%). This adjustment is applicable to all trucks and vans that are first placed in service in calendar year 2009. The dollar limitations in § 280F(a) therefore must be multiplied by a factor of 0.1890, and the resulting increases, after rounding to the nearest $100, are added to the 1988 limitations to give the depreciation limitations applicable to trucks and vans.

(2) Amount of the limitation . For passenger automobiles placed in service by the taxpayer in calendar year 2009, Tables 1 through 4 contain the dollar amount of the depreciation limitation for each taxable year. Use Table 1 for a passenger automobile (other than a truck or van) placed in service by the taxpayer in calendar year 2009, for which the 50 percent additional first year depreciation deduction does not apply, including a passenger automobile (other than a truck or van) in a class of property for which the taxpayer elects out of the 50 percent additional first year depreciation deduction or a passenger automobile that is eligible qualified property to which the § 168(k)(4) election applies. Use Table 2 for a passenger automobile (other than a truck or van) placed in service

REV. PROC. 2009–24 TABLE 1

DEPRECIATION LIMITATIONS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS)

PLACED IN SERVICE BY THE TAXPAYER IN CALENDAR YEAR 2009, FOR WHICH THE 50 PERCENT

ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION DOES NOT APPLY

Tax Year Amount

1st Tax Year $2,960

2nd Tax Year $4,800

3rd Tax Year $2,850

Each Succeeding Year $1,775

REV. PROC. 2009–24 TABLE 2

DEPRECIATION LIMITATIONS FOR PASSENGER AUTOMOBILES (THAT ARE NOT TRUCKS OR VANS)

PLACED IN SERVICE BY THE TAXPAYER IN CALENDAR YEAR 2009, FOR WHICH THE 50 PERCENT

ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION APPLIES

Tax Year Amount

1st Tax Year $10,960

2nd Tax Year $4,800

3rd Tax Year $2,850

Each Succeeding Year $1,775

April 27, 2009 887 2009–17 I.R.B.

REV. PROC. 2009–24 TABLE 3

DEPRECIATION LIMITATIONS FOR TRUCKS AND VANS PLACED IN SERVICE BY THE TAXPAYER IN CALENDAR YEAR 2009, FOR WHICH THE 50 PERCENT ADDITIONAL FIRST YEAR

DEPRECIATION DEDUCTION DOES NOT APPLY

Tax Year Amount

1st Tax Year $3,060

2nd Tax Year $4,900

3rd Tax Year $2,950

Each Succeeding Year $1,775

REV. PROC. 2009–24 TABLE 4

DEPRECIATION LIMITATIONS FOR TRUCKS AND VANS PLACED IN SERVICE BY THE TAXPAYER IN CALENDAR

YEAR 2009, FOR WHICH THE 50 PERCENT ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION APPLIES

Tax Year Amount

1st Tax Year $11,060

2nd Tax Year $4,900

3rd Tax Year $2,950

Each Succeeding Year $1,775

procedure in applying these procedures, while lessees of trucks and vans should use Table 6 of this revenue procedure.

.03 Inclusions in Income of Lessees of Passenger Automobiles .

The inclusion amounts for passenger automobiles first leased in calendar year

2009 are calculated under the procedures described in § 1.280F–7(a). Lessees of passenger automobiles other than trucks and vans should use Table 5 of this revenue

REV. PROC. 2009–24 TABLE 5
DOLLAR AMOUNTS FOR PASSENGER AUTOMOBILES
(THAT ARE NOT TRUCKS OR VANS)
WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2009

Fair Market Value of Passenger Automobile Over Not Over	Tax Year During Lease	Tax Year During Lease	Tax Year During Lease	Tax Year During Lease	Tax Year During Lease
Fair Market Value of Passenger Automobile Over Not Over	1st	2nd	3rd	4th	5th & Later

REV. PROC. 2009–24 TABLE 5
DOLLAR AMOUNTS FOR PASSENGER AUTOMOBILES
(THAT ARE NOT TRUCKS OR VANS)
WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2009

$18,500 $19,000 9 19 28 34 38 19,000 19,500 10 21 32 38 43 19,500 20,000 11 24 36 42 48 20,000 20,500 12 27 39 46 54 20,500 21,000 13 29 43 51 58 21,000 21,500 15 31 47 55 64 21,500 22,000 16 34 50 60 68 22,000 23,000 17 38 56 66 76 23,000 24,000 20 42 64 75 86 24,000 25,000 22 47 71 84 96 25,000 26,000 24 52 78 93 107 26,000 27,000 26 58 85 101 117 27,000 28,000 29 62 93 110 127 28,000 29,000 31 67 100 119 138 29,000 30,000 33 72 108 128 147 30,000 31,000 35 77 115 137 157 31,000 32,000 38 82 122 146 167 32,000 33,000 40 87 129 155 178 33,000 34,000 42 92 137 163 188	$18,500 $19,000 9 19 28 34 38 19,000 19,500 10 21 32 38 43 19,500 20,000 11 24 36 42 48 20,000 20,500 12 27 39 46 54 20,500 21,000 13 29 43 51 58 21,000 21,500 15 31 47 55 64 21,500 22,000 16 34 50 60 68 22,000 23,000 17 38 56 66 76 23,000 24,000 20 42 64 75 86 24,000 25,000 22 47 71 84 96 25,000 26,000 24 52 78 93 107 26,000 27,000 26 58 85 101 117 27,000 28,000 29 62 93 110 127 28,000 29,000 31 67 100 119 138 29,000 30,000 33 72 108 128 147 30,000 31,000 35 77 115 137 157 31,000 32,000 38 82 122 146 167 32,000 33,000 40 87 129 155 178 33,000 34,000 42 92 137 163 188	$18,500 $19,000 9 19 28 34 38 19,000 19,500 10 21 32 38 43 19,500 20,000 11 24 36 42 48 20,000 20,500 12 27 39 46 54 20,500 21,000 13 29 43 51 58 21,000 21,500 15 31 47 55 64 21,500 22,000 16 34 50 60 68 22,000 23,000 17 38 56 66 76 23,000 24,000 20 42 64 75 86 24,000 25,000 22 47 71 84 96 25,000 26,000 24 52 78 93 107 26,000 27,000 26 58 85 101 117 27,000 28,000 29 62 93 110 127 28,000 29,000 31 67 100 119 138 29,000 30,000 33 72 108 128 147 30,000 31,000 35 77 115 137 157 31,000 32,000 38 82 122 146 167 32,000 33,000 40 87 129 155 178 33,000 34,000 42 92 137 163 188	$18,500 $19,000 9 19 28 34 38 19,000 19,500 10 21 32 38 43 19,500 20,000 11 24 36 42 48 20,000 20,500 12 27 39 46 54 20,500 21,000 13 29 43 51 58 21,000 21,500 15 31 47 55 64 21,500 22,000 16 34 50 60 68 22,000 23,000 17 38 56 66 76 23,000 24,000 20 42 64 75 86 24,000 25,000 22 47 71 84 96 25,000 26,000 24 52 78 93 107 26,000 27,000 26 58 85 101 117 27,000 28,000 29 62 93 110 127 28,000 29,000 31 67 100 119 138 29,000 30,000 33 72 108 128 147 30,000 31,000 35 77 115 137 157 31,000 32,000 38 82 122 146 167 32,000 33,000 40 87 129 155 178 33,000 34,000 42 92 137 163 188	$18,500 $19,000 9 19 28 34 38 19,000 19,500 10 21 32 38 43 19,500 20,000 11 24 36 42 48 20,000 20,500 12 27 39 46 54 20,500 21,000 13 29 43 51 58 21,000 21,500 15 31 47 55 64 21,500 22,000 16 34 50 60 68 22,000 23,000 17 38 56 66 76 23,000 24,000 20 42 64 75 86 24,000 25,000 22 47 71 84 96 25,000 26,000 24 52 78 93 107 26,000 27,000 26 58 85 101 117 27,000 28,000 29 62 93 110 127 28,000 29,000 31 67 100 119 138 29,000 30,000 33 72 108 128 147 30,000 31,000 35 77 115 137 157 31,000 32,000 38 82 122 146 167 32,000 33,000 40 87 129 155 178 33,000 34,000 42 92 137 163 188	$18,500 $19,000 9 19 28 34 38 19,000 19,500 10 21 32 38 43 19,500 20,000 11 24 36 42 48 20,000 20,500 12 27 39 46 54 20,500 21,000 13 29 43 51 58 21,000 21,500 15 31 47 55 64 21,500 22,000 16 34 50 60 68 22,000 23,000 17 38 56 66 76 23,000 24,000 20 42 64 75 86 24,000 25,000 22 47 71 84 96 25,000 26,000 24 52 78 93 107 26,000 27,000 26 58 85 101 117 27,000 28,000 29 62 93 110 127 28,000 29,000 31 67 100 119 138 29,000 30,000 33 72 108 128 147 30,000 31,000 35 77 115 137 157 31,000 32,000 38 82 122 146 167 32,000 33,000 40 87 129 155 178 33,000

34,000
42
92
137
163
188|

2009–17 I.R.B. 888 April 27, 2009

REV. PROC. 2009–24 TABLE 5
DOLLAR AMOUNTS FOR PASSENGER AUTOMOBILES
(THAT ARE NOT TRUCKS OR VANS)
WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2009

Fair Market Value of Passenger Automobile Over Not Over	Tax Year During Lease	Tax Year During Lease	Tax Year During Lease	Tax Year During Lease	Tax Year During Lease
Fair Market Value of Passenger Automobile Over Not Over	1st	2nd	3rd	4th	5th & Later

34,000
35,000
44
97
144
172
199
35,000
36,000
47
102
151
181
208
36,000
37,000
49
107
159
189
219
37,000
38,000
51
112
166
199
228
38,000
39,000
53
117
173
208
239
39,000
40,000
56
122
180
216
250
40,000
41,000
58
127
188
225
259
41,000
42,000
60
132
195
234
269
42,000
43,000
62
137
203
242
280
43,000
44,000
65
141
210
252
290
44,000
45,000
67
146
218
260
300
45,000
46,000
69
151
225
269
311
46,000
47,000
71
157
232
278
320
47,000
48,000
74
161
240
286
331
48,000
49,000
76
166
247
296
340
49,000
50,000
78
171
255
304
351
50,000
51,000
80
176
262
313
361
51,000
52,000
83
181
269
322
371
52,000
53,000
85
186
276
331
381
53,000
54,000
87
191
284
339
392
54,000
55,000
89
196
291
349
401
55,000
56,000
92
201
298
357
412
56,000
57,000
94
206
306
365
423
57,000
58,000
96
211
313
375
432
58,000
59,000
98
216
320
384
442
59,000
60,000
101
221
327
393
452
60,000
62,000
104
228
339
406
467
62,000
64,000
109
238
353
424
488
64,000
66,000
113
248
368
441
509
66,000
68,000
118
258
382
459
529
68,000
70,000
122
268
397
476
550
70,000
72,000
127
277
413
493
570
72,000
74,000
131
288
427
511
590
74,000
76,000
136
297
442
529
610
76,000
78,000
140
307
457
546
631
78,000
80,000
145
317
471
564
651
80,000
85,000
152
335
497
595
686
85,000
90,000
164
359
534
639
737
90,000
95,000
175
384
570
683
789
95,000
100,000
186
409
607
727
839
100,000
110,000
203
446
662
793
916
110,000
120,000
226
495
736
881
1,018
120,000
130,000
248
545
809
970
1,119
130,000
140,000
271
594
883
1,058
1,220
140,000
150,000
293
644
956
1,146
1,322
150,000
160,000
316
693
1,030
1,234
1,424
160,000
170,000
338
743
1,103
1,322
1,526
170,000
180,000
361
792
1,177
1,410
1,628
180,000
190,000
383
842
1,250
1,498
1,730
190,000
200,000
406
891
1,324
1,586
1,831
200,000
210,000
428
941
1,397
1,675
1,932
210,000
220,000
451
990
1,471
1,762
2,035
220,000
230,000
473
1,040
1,544
1,851
2,136

April 27, 2009 889 2009–17 I.R.B.

2009–17 I.R.B. 890 April 27, 2009

REV. PROC. 2009–24 TABLE 6
DOLLAR AMOUNTS FOR TRUCKS AND VANS
WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2009

Fair Market Value of Electric Automobile Over Not Over	Tax Year During Lease	Tax Year During Lease	Tax Year During Lease	Tax Year During Lease	Tax Year During Lease
Fair Market Value of Electric Automobile Over Not Over	1st	2nd	3rd	4th	5th and Later

56,000
57,000
93
204
302
363
419
57,000
58,000
95
209
310
371
429
58,000
59,000
97
214
317
381
439
59,000
60,000
100
219
324
389
450
60,000
62,000
103
226
336
402
465
62,000
64,000
107
236
351
420
485
64,000
66,000
112
246
365
438
505
66,000
68,000
116
256
380
455
526
68,000
70,000
121
266
394
473
546
70,000
72,000
125
276
409
491
566
72,000
74,000
130
286
423
509
586
74,000
76,000
134
296
438
526
607
76,000
78,000
139
305
454
543
627
78,000
80,000
143
316
467
561
648
80,000
85,000
151
333
493
592
684
85,000
90,000
163
357
531
635
735
90,000
95,000
174
382
567
680
785
95,000
100,000
185
407
604
724
836
100,000
110,000
202
444
659
790
912
110,000
120,000
225
493
733
878
1,014
120,000
130,000
247
543
806
966
1,116
130,000
140,000
270
592
880
1,054
1,218
140,000
150,000
292
642
953
1,143
1,319
150,000
160,000
315
691
1,027
1,230
1,421
160,000
170,000
337
741
1,100
1,319
1,522
170,000
180,000
360
790
1,174
1,407
1,624
180,000
190,000
382
840
1,247
1,495
1,726
190,000
200,000
405
889
1,321
1,583
1,828
200,000
210,000
427
939
1,394
1,671
1,930
210,000
220,000
450
988
1,468
1,759
2,031
220,000
230,000
472
1,038
1,541
1,847
2,134
230,000
240,000
495
1,087
1,615
1,935
2,235
240,000
and up
517
1,137
1,688
2,024
2,336

contact Mr. Harvey at (202) 622–4930 (not a toll-free call).