SECTION 4. APPLICATION — Internal Revenue Bulletin 2013-12

.01 Limitations on Depreciation Deductions for Certain Automobiles .

(1) Amount of the inflation adjustment . (a) Passenger automobiles (other than trucks or vans) . Under § 280F(d)(7)(B)(i), the automobile price inflation adjustment for any calendar year is the percentage (if any) by which the CPI automobile component for October of the preceding calendar year exceeds the CPI automobile component for October 1987. Section 280F(d)(7)(B)(ii) defines the term “CPI automobile component” as the automobile component of the Consumer Price Index for all Urban Consumers published by the Department of Labor. The new car component of the CPI was 115.2 for October 1987 and 143.787 for October 2012. The October 2012 index exceeded the October 1987 index by 28.587. Therefore, the automobile price inflation adjustment for 2013 for passenger automobiles (other than trucks and vans) is 24.8 percent (28.587/115.2 x 100%). The dollar limitations in § 280F(a) are multiplied by a factor of 0.248, and the resulting increases, after rounding to the nearest $100, are added to the 1988 limitations to give the depreciation limitations applicable to passenger automobiles (other than trucks and vans) for calendar year 2013. This adjustment applies to all

2013–12 I.R.B. 661 March 18, 2013

should use Table 5 of this revenue procedure, while lessees of trucks and vans should use Table 6 of this revenue procedure.

.02 Inclusions in Income of Lessees of Passenger Automobiles .

A taxpayer must follow the procedures in § 1.280F–7(a) for determining the inclu

sion amounts for passenger automobiles first leased in calendar year 2013. In applying these procedures, lessees of passenger automobiles other than trucks and vans

REV. PROC. 2013–21 TABLE 5
DOLLAR AMOUNTS FOR PASSENGER AUTOMOBILES
(THAT ARE NOT TRUCKS OR VANS)
WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2013

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
$19,000 $19,500 2 4 6 7 8 19,500 20,000 2 5 6 9 9 20,000 20,500 2 5 8 9 11 20,500 21,000 3 6 8 10 12 21,000 21,500 3 6 10 11 13 21,500 22,000 3 7 10 13 14 22,000 23,000 4 8 11 14 16

March 18, 2013 662 2013–12 I.R.B.

REV. PROC. 2013–21 TABLE 5
DOLLAR AMOUNTS FOR PASSENGER AUTOMOBILES
(THAT ARE NOT TRUCKS OR VANS)
WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2013

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

23,000
24,000
4
9
14
16
18
24,000
25,000
5
10
15
18
21
25,000
26,000
5
12
16
21
23
26,000
27,000
6
12
19
23
25
27,000
28,000
6
14
20
25
28
28,000
29,000
7
15
22
27
30
29,000
30,000
7
16
24
29
33
30,000
31,000
8
17
26
31
35
31,000
32,000
8
19
27
33
38
32,000
33,000
9
20
29
35
40
33,000
34,000
10
21
31
37
43
34,000
35,000
10
22
33
39
45
35,000
36,000
11
23
35
41
48
36,000
37,000
11
25
36
43
50
37,000
38,000
12
26
38
45
53
38,000
39,000
12
27
40
47
55
39,000
40,000
13
28
42
49
58
40,000
41,000
13
29
44
52
59
41,000
42,000
14
30
45
54
63
42,000
43,000
14
32
47
56
64
43,000
44,000
15
33
48
59
67
44,000
45,000
15
34
51
60
69
45,000
46,000
16
35
52
63
72
46,000
47,000
17
36
54
65
74
47,000
48,000
17
38
55
67
77
48,000
49,000
18
39
57
69
79
49,000
50,000
18
40
59
71
82
50,000
51,000
19
41
61
73
84
51,000
52,000
19
42
63
75
87
52,000
53,000
20
43
65
77
89
53,000
54,000
20
45
66
79
92
54,000
55,000
21
46
68
81
94
55,000
56,000
21
47
70
84
96
56,000
57,000
22
48
72
85
99
57,000
58,000
22
50
73
88
101
58,000
59,000
23
51
75
90
103
59,000
60,000
24
52
76
92
106
60,000
62,000
24
54
79
95
110
62,000
64,000
25
56
83
99
115
64,000
66,000
27
58
87
103
120
66,000
68,000
28
60
90
108
125
68,000
70,000
29
63
93
112
130
70,000
72,000
30
65
97
117
134
72,000
74,000
31
68
100
121
139
74,000
76,000
32
70
104
125
144
76,000
78,000
33
73
107
129
149
78,000
80,000
34
75
111
133
154
80,000
85,000
36
79
117
141
162
85,000
90,000
39
85
126
151
174
90,000
95,000
41
91
135
162
186
95,000
100,000
44
97
144
172
199
100,000
110,000
48
106
157
188
217
110,000
120,000
53
118
174
210
241
120,000
130,000
59
129
193
230
266

2013–12 I.R.B. 663 March 18, 2013

REV. PROC. 2013–21 TABLE 5
DOLLAR AMOUNTS FOR PASSENGER AUTOMOBILES
(THAT ARE NOT TRUCKS OR VANS)
WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2013

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
130,000 140,000 64 141 210 252 290 140,000 150,000 70 153 227 273 315 150,000 160,000 75 165 245 294 339 160,000 170,000 80 177 263 315 363 170,000 180,000 86 189 280 336 388 180,000 190,000 91 201 298 357 412 190,000 200,000 97 212 316 378 436 200,000 210,000 102 224 333 400 461 210,000 220,000 107 236 351 420 486 220,000 230,000 113 248 368 442 509 230,000 240,000 118 260 386 463 534 240,000 And up 124 272 403 484 558

REV. PROC. 2013–21 TABLE 6
DOLLAR AMOUNTS FOR TRUCKS AND VANS
WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2013

Fair Market Value of Truck or Van 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 Truck or Van Over Not Over	1st	2nd	3rd	4th	5th & later

REV. PROC. 2013–21 TABLE 5
DOLLAR AMOUNTS FOR PASSENGER AUTOMOBILES
(THAT ARE NOT TRUCKS OR VANS)
WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2013

$19,000 $19,500 1 3 4 5 6 19,500 20,000 2 3 5 6 7 20,000 20,500 2 4 6 7 8 20,500 21,000 2 5 7 8 9 21,000 21,500 2 5 8 9 11 21,500 22,000 3 6 8 10 12 22,000 23,000 3 7 10 11 14 23,000 24,000 4 8 11 14 16 24,000 25,000 4 9 14 16 18 25,000 26,000 5 10 15 18 21 26,000 27,000 5 12 17 20 23 27,000 28,000 6 13 18 23 25 28,000 29,000 6 14 20 25 28 29,000 30,000 7 15 22 27 30 30,000 31,000 7 16 24 29 33 31,000 32,000 8 17 26 31 35 32,000 33,000 8 19 27 33 38 33,000 34,000 9 20 29 35 41 34,000 35,000 10 21 31 37 43 35,000 36,000 10 22 33 39 46 36,000 37,000 11 23 35 41 48 37,000 38,000 11 25 36 43 51 38,000 39,000 12 26 38 45 53 39,000 40,000 12 27 40 48 55 40,000 41,000 13 28 42 49 58 41,000 42,000 13 29 44 52 60 42,000 43,000 14 30 46 54 62 43,000 44,000 14 32 47 56 65 44,000 45,000 15 33 48 59 67 45,000 46,000 15 34 51 60 70 46,000 47,000 16 35 52 63 72 47,000 48,000 17 36 54 65 74	$19,000 $19,500 1 3 4 5 6 19,500 20,000 2 3 5 6 7 20,000 20,500 2 4 6 7 8 20,500 21,000 2 5 7 8 9 21,000 21,500 2 5 8 9 11 21,500 22,000 3 6 8 10 12 22,000 23,000 3 7 10 11 14 23,000 24,000 4 8 11 14 16 24,000 25,000 4 9 14 16 18 25,000 26,000 5 10 15 18 21 26,000 27,000 5 12 17 20 23 27,000 28,000 6 13 18 23 25 28,000 29,000 6 14 20 25 28 29,000 30,000 7 15 22 27 30 30,000 31,000 7 16 24 29 33 31,000 32,000 8 17 26 31 35 32,000 33,000 8 19 27 33 38 33,000 34,000 9 20 29 35 41 34,000 35,000 10 21 31 37 43 35,000 36,000 10 22 33 39 46 36,000 37,000 11 23 35 41 48 37,000 38,000 11 25 36 43 51 38,000 39,000 12 26 38 45 53 39,000 40,000 12 27 40 48 55 40,000 41,000 13 28 42 49 58 41,000 42,000 13 29 44 52 60 42,000 43,000 14 30 46 54 62 43,000 44,000 14 32 47 56 65 44,000 45,000 15 33 48 59 67 45,000 46,000 15 34 51 60 70 46,000 47,000 16 35 52 63 72 47,000 48,000 17 36 54 65 74	$19,000 $19,500 1 3 4 5 6 19,500 20,000 2 3 5 6 7 20,000 20,500 2 4 6 7 8 20,500 21,000 2 5 7 8 9 21,000 21,500 2 5 8 9 11 21,500 22,000 3 6 8 10 12 22,000 23,000 3 7 10 11 14 23,000 24,000 4 8 11 14 16 24,000 25,000 4 9 14 16 18 25,000 26,000 5 10 15 18 21 26,000 27,000 5 12 17 20 23 27,000 28,000 6 13 18 23 25 28,000 29,000 6 14 20 25 28 29,000 30,000 7 15 22 27 30 30,000 31,000 7 16 24 29 33 31,000 32,000 8 17 26 31 35 32,000 33,000 8 19 27 33 38 33,000 34,000 9 20 29 35 41 34,000 35,000 10 21 31 37 43 35,000 36,000 10 22 33 39 46 36,000 37,000 11 23 35 41 48 37,000 38,000 11 25 36 43 51 38,000 39,000 12 26 38 45 53 39,000 40,000 12 27 40 48 55 40,000 41,000 13 28 42 49 58 41,000 42,000 13 29 44 52 60 42,000 43,000 14 30 46 54 62 43,000 44,000 14 32 47 56 65 44,000 45,000 15 33 48 59 67 45,000 46,000 15 34 51 60 70 46,000 47,000 16 35 52 63 72 47,000 48,000 17 36 54 65 74	$19,000 $19,500 1 3 4 5 6 19,500 20,000 2 3 5 6 7 20,000 20,500 2 4 6 7 8 20,500 21,000 2 5 7 8 9 21,000 21,500 2 5 8 9 11 21,500 22,000 3 6 8 10 12 22,000 23,000 3 7 10 11 14 23,000 24,000 4 8 11 14 16 24,000 25,000 4 9 14 16 18 25,000 26,000 5 10 15 18 21 26,000 27,000 5 12 17 20 23 27,000 28,000 6 13 18 23 25 28,000 29,000 6 14 20 25 28 29,000 30,000 7 15 22 27 30 30,000 31,000 7 16 24 29 33 31,000 32,000 8 17 26 31 35 32,000 33,000 8 19 27 33 38 33,000 34,000 9 20 29 35 41 34,000 35,000 10 21 31 37 43 35,000 36,000 10 22 33 39 46 36,000 37,000 11 23 35 41 48 37,000 38,000 11 25 36 43 51 38,000 39,000 12 26 38 45 53 39,000

40,000
12
27
40
48
55
40,000
41,000
13
28
42
49
58
41,000
42,000
13
29
44
52
60
42,000
43,000
14
30
46
54
62
43,000
44,000
14
32
47
56
65
44,000
45,000
15
33
48
59
67
45,000
46,000
15
34
51
60
70
46,000
47,000
16
35
52
63
72
47,000
48,000
17
36
54
65
74|$19,000
$19,500
1
3
4
5
6
19,500
20,000
2
3
5
6
7
20,000
20,500
2
4
6
7
8
20,500
21,000
2
5
7
8
9
21,000
21,500
2
5
8
9
11
21,500
22,000
3
6
8
10
12
22,000
23,000
3
7
10
11
14
23,000
24,000
4
8
11
14
16
24,000
25,000
4
9
14
16
18
25,000
26,000
5
10
15
18
21
26,000
27,000
5
12
17
20
23
27,000
28,000
6
13
18
23
25
28,000
29,000
6
14
20
25
28
29,000
30,000
7
15
22
27
30
30,000
31,000
7
16
24
29
33
31,000
32,000
8
17
26
31
35
32,000
33,000
8
19
27
33
38
33,000
34,000
9
20
29
35
41
34,000
35,000
10
21
31
37
43
35,000
36,000
10
22
33
39
46
36,000
37,000
11
23
35
41
48
37,000
38,000
11
25
36
43
51
38,000
39,000
12
26
38
45
53
39,000
40,000
12
27
40
48
55
40,000
41,000
13
28
42
49
58
41,000
42,000
13
29
44
52
60
42,000
43,000
14
30
46
54
62
43,000
44,000
14
32
47
56
65
44,000
45,000
15
33
48
59
67
45,000
46,000
15
34
51
60
70
46,000
47,000
16
35
52
63
72
47,000
48,000
17
36
54
65
74|$19,000
$19,500
1
3
4
5
6
19,500
20,000
2
3
5
6
7
20,000
20,500
2
4
6
7
8
20,500
21,000
2
5
7
8
9
21,000
21,500
2
5
8
9
11
21,500
22,000
3
6
8
10
12
22,000
23,000
3
7
10
11
14
23,000
24,000
4
8
11
14
16
24,000
25,000
4
9
14
16
18
25,000
26,000
5
10
15
18
21
26,000
27,000
5
12
17
20
23
27,000
28,000
6
13
18
23
25
28,000
29,000
6
14
20
25
28
29,000
30,000
7
15
22
27
30
30,000
31,000
7
16
24
29
33
31,000
32,000
8
17
26
31
35
32,000
33,000
8
19
27
33
38
33,000
34,000
9
20
29
35
41
34,000
35,000
10
21
31
37
43
35,000
36,000
10
22
33
39
46
36,000
37,000
11
23
35
41
48
37,000
38,000
11
25
36
43
51
38,000
39,000
12
26
38
45
53
39,000
40,000
12
27
40
48
55
40,000
41,000
13
28
42
49
58
41,000
42,000
13
29
44
52
60
42,000
43,000
14
30
46
54
62
43,000
44,000
14
32
47
56
65
44,000
45,000
15
33
48
59
67
45,000
46,000
15
34
51
60
70
46,000
47,000
16
35
52
63
72
47,000
48,000
17
36
54
65
74|

March 18, 2013 664 2013–12 I.R.B.

REV. PROC. 2013–21 TABLE 6
DOLLAR AMOUNTS FOR TRUCKS AND VANS
WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2013

Fair Market Value of Truck or Van 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 Truck or Van Over Not Over	1st	2nd	3rd	4th	5th & later

48,000
49,000
17
38
55
67
77
49,000
50,000
18
39
57
69
79
50,000
51,000
18
40
59
71
82
51,000
52,000
19
41
61
73
84
52,000
53,000
19
42
63
75
87
53,000
54,000
20
43
65
77
89
54,000
55,000
20
45
66
80
91
55,000
56,000
21
46
68
81
94
56,000
57,000
21
47
70
84
96
57,000
58,000
22
48
72
86
98
58,000
59,000
22
50
73
88
101
59,000
60,000
23
51
75
90
103
60,000
62,000
24
52
78
93
108
62,000
64,000
25
55
81
97
113
64,000
66,000
26
57
85
101
118
66,000
68,000
27
60
88
106
122
68,000
70,000
28
62
92
110
127
70,000
72,000
29
64
96
114
132
72,000
74,000
30
67
99
118
137
74,000
76,000
31
69
103
122
142
76,000
78,000
32
72
105
127
147
78,000
80,000
34
73
110
131
151
80,000
85,000
35
78
116
138
160
85,000
90,000
38
84
124
149
172
90,000
95,000
41
90
133
160
184
95,000
100,000
44
95
142
171
196
100,000
110,000
48
104
156
186
214
110,000
120,000
53
116
173
207
240
120,000
130,000
58
128
191
228
264
130,000
140,000
64
140
208
249
288
140,000
150,000
69
152
226
270
313
150,000
160,000
75
164
243
292
336
160,000
170,000
80
176
261
312
361
170,000
180,000
85
188
278
334
386
180,000
190,000
91
199
296
355
410
190,000
200,000
96
211
314
376
434
200,000
210,000
101
223
332
397
459
210,000
220,000
107
235
349
418
483
220,000
230,000
112
247
367
439
507
230,000
240,000
118
259
384
460
532
240,000
And up
123
271
401
482
556

(Income Tax & Accounting). For further information regarding this revenue procedure, contact Mr. Harvey at (202) 622–4930 (not a toll-free call).