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Corporate Depreciation (Modified Accelerated Cost-Recovery System / MACRS)
Hawaii — state program50% bonus depreciation (placed in service before January 1, 2018); 40% bonus depreciation (placed in service during 2018); 30% bonus depreciation (placed in service during 2019)
Under the federal MACRS, businesses may recover investments in certain renewable energy properties through depreciation deductions. A number of renewable energy technologies are classified as five-year property. Bonus depreciation rates apply based on placed-in-service date: 50% before January 1, 2018; 40% during 2018; 30% during 2019.
Program details
- Type
- tax-credit
- Amount
- 50% bonus depreciation (placed in service before January 1, 2018); 40% bonus depreciation (placed in service during 2018); 30% bonus depreciation (placed in service during 2019)
- Eligibility
- Businesses investing in renewable energy and other eligible property; renewable energy technologies classified as five-year property under 26 USC § 168(e)(3)(B)(vi).
- Status
- closed
Source: Hawaii — state program. Confirm current terms with the administering agency before applying.