Alpha Leasing Company
2004 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 2004
Fair Market Value of
Electric Automobiles
Tax Year During Lease
Over Not Over 1st 2nd 3rd 4th 5th Later
$53,000 $54,000 33 72 106 127 147
$54,000 $55,000 37 79 118 142 164
$55,000 $56,000 40 88 130 155 180
$56,000 $57,000 44 96 141 170 197
$57,000 $58,000 48 103 154 184 213
$58,000 $59,000 51 112 165 199 229
$59,000 $60,000 55 120 177 213 245
$60,000 $62,000 60 132 165 234 270
$62,000 $64,000 68 147 219 263 303
$64,000 $66,000 75 164 242 291 336
$66,000 $68,000 82 180 266 320 369
$68,000 $70,000 90 195 290 348 402
$70,000 $72,000 97 211 314 377 435
$72,000 $74,000 104 228 337 405 468
$74,000 $76,000 111 244 361 434 500
$76,000 $78,000 119 259 385 462 534
$78,000 $80,000 126 275 409 491 566
$80,000 $85,000 139 303 451 540 624
$85,000 $90,000 157 343 510 612 706
$90,000 $95,000 175 384 569 682 788
$95,000 $100,000 193 424 628 754 870
$100,000 $110,000 221 483 718 860 994
$110,000 $120,000 257 563 837 1003 1158
$120,000 $130,000 294 643 955 1145 1323
$130,000 $140,000 330 723 1074 1288 1486
$140,000 $150,000 366 804 1192 1430 1651
$150,000 $160,000 403 883 1311 1573 1815
$160,000 $170,000 439 963 1430 1715 1980
$170,000 $180,000 476 1043 1549 1857 2144
$180,000 $190,000 512 1123 1668 1999 2309
$190,000 $200,000 548 1203 1786 2142 2473
$200,000 $210,000 585 1283 1905 2284 2637
$210,000 $220,000 621 1363 2024 2426 2802
$220,000 $230,000 658 1443 2142 2569 2966
$230,000 $240,000 694 1523 2261 2711 3131
$240,000 $250,000 730 1603 2380 2854 3294
 
215 S HURSTBOURNE PKWY, SUITE 103  •  Louisville, KY 40222  •  PHONE: 800-800-5327 • fax: (502) 426-2793 •  email: Info@alphaleasing.com