2003 Lease Inclusion Table  - Passenger 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 Passenger Automobiles (That are not trucks, Vans, or Electric Automobiles) WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2003 Fair Market Value of Passenger Automobiles Tax Year During Lease Over Not Over 1st 2nd 3rd 4th 5th Later $18,000 $18,500 10 22 33 40 45 $18,500 $19,000 12 26 39 46 53 $19,000 $19,500 14 30 44 53 61 $19,500 $20,000 15 34 50 59 69 $20,000 $20,500 17 37 56 66 77 $20,500 $21,000 19 41 61 73 85 $21,000 $21,500 21 45 66 80 92 $21,500 $22,000 22 49 72 87 100 $22,000 $23,000 25 54 81 97 111 $23,000 $24,000 28 62 92 110 127 $24,000 $25,000 32 70 103 123 143 $25,000 $26,000 35 77 115 137 158 $26,000 $27,000 39 85 125 151 174 $27,000 $28,000 42 92 137 165 189 $28,000 $29,000 46 100 148 178 204 $29,000 $30,000 49 108 159 191 221 $30,000 $31,000 52 115 171 205 236 $31,000 $32,000 56 123 182 218 251 $32,000 $33,000 59 130 194 231 267 $33,000 $34,000 63 138 204 245 283 $34,000 $35,000 66 146 215 259 298 $35,000 $36,000 70 153 227 272 314 $36,000 $37,000 73 161 238 285 330 $37,000 $38,000 77 168 249 299 346 $38,000 $39,000 80 176 260 313 361 $39,000 $40,000 83 184 272 326 376 $40,000 $41,000 87 191 283 340 391 $41,000 $42,000 90 199 294 353 407 $42,000 $43,000 94 206 306 366 423 $43,000 $44,000 97 214 317 380 438 $44,000 $45,000 101 221 328 394 454 $45,000 $46,000 104 229 339 407 470 $46,000 $47,000 108 236 351 420 486 $47,000 $48,000 111 244 362 434 501 $48,000 $49,000 115 251 374 447 516 $49,000 $50,000 118 259 385 460 532 $50,000 $51,000 121 267 396 474 548 $51,000 $52,000 125 274 407 488 563 $52,000 $53,000 128 282 418 502 578 $53,000 $54,000 132 289 430 515 594 $54,000 $55,000 135 297 441 528 610 $55,000 $56,000 139 304 452 542 626 $56,000 $57,000 142 312 463 556 641 $57,000 $58,000 146 320 474 569 656 $58,000 $59,000 149 327 486 582 672 $59,000 $60,000 152 335 497 596 688 $60,000 $62,000 158 346 514 616 711 $62,000 $64,000 165 361 537 642 743 $64,000 $66,000 171 377 559 670 773 $66,000 $68,000 178 392 581 697 805 $68,000 $70,000 185 407 604 724 835 $70,000 $72,000 192 422 626 751 867 $72,000 $74,000 199 437 649 778 898 $74,000 $76,000 206 452 672 804 930 $76,000 $78,000 213 467 694 832 960 $78,000 $80,000 220 483 716 859 991 $80,000 $85,000 232 509 756 906 1046 $85,000 $90,000 249 547 812 973 1124 $90,000 $95,000 266 585 868 1041 1202 $95,000 $100,000 284 623 924 1108 1280 $100,000 $110,000 309 680 1009 1209 1397 $110,000 $120,000 344 755 1122 1344 1552 $120,000 $130,000 378 831 1234 1479 1708 $130,000 $140,000 413 907 1346 1614 1864 $140,000 $150,000 447 983 1459 1749 2019 $150,000 $160,000 482 1059 1571 1884 2175 $160,000 $170,000 516 1135 1683 2019 2331 $170,000 $180,000 551 1210 1796 2154 2487 $180,000 $190,000 585 1286 1909 2288 2643 $190,000 $200,000 620 1362 2021 2423 2798 $200,000 $210,000 654 1438 2133 2559 2953 $210,000 $220,000 689 1513 2246 2694 3109 $220,000 $230,000 723 1589 2359 2828 3265 $230,000 $240,000 758 1665 2471 2963 3421 $240,000 $250,000 792 1741 2583 3098 3577