The electric-car charger tax break for individuals and for businesses was not renewed by Congress, while the Department of Energy gives grants to companies to develop low-cost chargers, according USA Today.
First-Year Bonus Depreciation Increased to 100 Percent
The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (H.R. 4853) was signed into law by President Obama on Dec. 17, 2010. The legislation includes an extension of the Small Business Jobs and Credit Act of 2010's "bonus depreciation" allowance through the end of 2011, and increases that amount from 50 percent to100 percent. Here's what it means to fleets.