Alpha Leasing Company
2003 Lease Inclusion Table  - Electric Automobiles
If you lease a vehicle that you use in your business for a lease term of 30 days or more, if the vehicle is subject to the luxury car limitations, you may have to include an inclusion amount in your income for each tax year you lease the vehicle.  To do this, you reduce your deduction for your lease payment by the lease inclusion amount.  The inclusion amount for each year is calculated by finding the appropriate lease inclusion amount from the table below and multiplying it by the percentage business use.  The lease inclusion amount is prorated for partial years of business use.

DOLLAR AMOUNTS FOR Electric Automobiles
WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2003
Fair Market Value of
Electric Automobiles
Tax Year During Lease
Over Not Over 1st 2nd 3rd 4th 5th Later
$53,000 $54,000 28 60 90 108 124
$54,000 $55,000 31 68 101 121 140
$55,000 $56,000 35 76 112 134 156
$56,000 $57,000 38 83 124 148 171
$57,000 $58,000 42 91 134 162 187
$58,000 $59,000 45 98 146 175 203
$59,000 $60,000 49 106 157 188 218
$60,000 $62,000 54 117 174 209 241
$62,000 $64,000 61 132 197 235 273
$64,000 $66,000 68 147 219 263 304
$66,000 $68,000 75 163 241 290 334
$68,000 $70,000 81 178 264 317 366
$70,000 $72,000 88 193 287 343 397
$72,000 $74,000 95 208 309 371 428
$74,000 $76,000 102 223 332 397 460
$76,000 $78,000 109 239 353 425 491
$78,000 $80,000 116 254 376 452 521
$80,000 $85,000 128 280 416 499 576
$85,000 $90,000 145 318 472 566 655
$90,000 $95,000 162 356 528 634 732
$95,000 $100,000 180 394 584 701 810
$100,000 $110,000 206 451 668 803 926
$110,000 $120,000 240 527 781 937 1082
$120,000 $130,000 275 602 894 1072 1238
$130,000 $140,000 309 678 1006 1207 1394
$140,000 $150,000 344 754 1118 1342 1550
$150,000 $160,000 378 830 1231 1477 1705
$160,000 $170,000 413 905 1344 1612 1861
$170,000 $180,000 447 981 1456 1747 2017
$180,000 $190,000 482 1057 1568 1882 2172
$190,000 $200,000 516 1133 1681 2016 2329
$200,000 $210,000 551 1208 1794 2151 2484
$210,000 $220,000 585 1284 1906 2287 2639
$220,000 $230,000 620 1360 20148 2421 2796
$230,000 $240,000 654 1436 2131 2556 2951
$240,000 $250,000 689 1511 2244 2691 3107
 
215 S HURSTBOURNE PKWY, SUITE 103  •  Louisville, KY 40222  •  PHONE: 800-800-5327 • fax: (502) 426-2793 •  email: Info@alphaleasing.com