2003 Lease Inclusion Table  - Trucks and Vans

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 Trucks and Vans WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2003 Fair Market Value of Trucks and Vans Tax Year During Lease Over Not Over 1st 2nd 3rd 4th 5th Later $18,500 $19,000 7 14 22 24 29 $19,000 $19,500 8 18 27 32 36 $19,500 $20,000 10 22 33 38 44 $20,000 $20,500 12 26 38 45 52 $20,500 $21,000 14 29 44 52 60 $21,000 $21,500 15 34 49 59 67 $21,500 $22,000 17 37 55 66 75 $22,000 $23,000 20 43 63 76 86 $23,000 $24,000 23 51 74 89 102 $24,000 $25,000 27 58 86 102 118 $25,000 $26,000 30 66 97 116 133 $26,000 $27,000 33 73 109 129 149 $27,000 $28,000 37 91 119 143 165 $28,000 $29,000 40 89 130 157 180 $29,000 $30,000 44 96 142 170 196 $30,000 $31,000 47 104 153 183 212 $31,000 $32,000 51 111 165 196 227 $32,000 $33,000 54 119 176 210 242 $33,000 $34,000 58 126 187 224 258 $34,000 $35,000 61 134 198 238 273 $35,000 $36,000 65 141 210 251 289 $36,000 $37,000 68 149 221 264 305 $37,000 $38,000 1 157 232 278 320 $38,000 $39,000 75 164 243 292 336 $39,000 $40,000 78 172 254 305 352 $40,000 $41,000 82 179 266 318 367 $41,000 $42,000 85 187 277 332 383 $42,000 $43,000 89 194 289 345 398 $43,000 $44,000 92 202 300 358 414 $44,000 $45,000 96 209 311 373 429 $45,000 $46,000 99 217 322 386 445 $46,000 $47,000 102 225 333 400 460 $47,000 $48,000 106 232 345 413 476 $48,000 $49,000 109 240 356 426 492 $49,000 $50,000 113 247 368 439 507 $50,000 $51,000 116 255 379 453 523 $51,000 $52,000 120 263 389 467 538 $52,000 $53,000 123 270 401 480 554 $53,000 $54,000 127 278 412 493 570 $54,000 $55,000 130 285 424 507 585 $55,000 $56,000 134 293 434 521 601 $56,000 $57,000 137 301 445 534 617 $57,000 $58,000 140 308 457 548 632 $58,000 $59,000 144 316 468 561 647 $59,000 $60,000 147 323 480 575 663 $60,000 $62,000 152 335 496 595 687 $62,000 $64,000 159 350 519 622 717 $64,000 $66,000 166 365 542 648 749 $66,000 $68,000 173 380 564 676 780 $68,000 $70,000 180 395 587 702 811 $70,000 $72,000 187 410 609 730 842 $72,000 $74,000 194 426 631 757 873 $74,000 $76,000 201 441 654 783 905 $76,000 $78,000 208 456 676 811 935 $78,000 $80,000 215 471 699 837 967 $80,000 $85,000 227 497 739 885 1021 $85,000 $90,000 244 535 795 952 1099 $90,000 $95,000 261 573 851 1020 1177 $95,000 $100,000 278 611 907 1088 1254 $100,000 $110,000 304 668 992 1188 1372 $110,000 $120,000 339 744 1104 1323 1527 $120,000 $130,000 373 820 1216 1458 1683 $130,000 $140,000 408 895 1329 1593 1839 $140,000 $150,000 442 971 1442 1728 1994 $150,000 $160,000 477 1047 1554 1862 2151 $160,000 $170,000 511 1123 1666 1998 2306 $170,000 $180,000 546 1198 1779 2133 2462 $180,000 $190,000 580 1274 1892 2267 2618 $190,000 $200,000 615 1350 2004 2402 2773 $200,000 $210,000 649 1426 2116 2537 2929 $210,000 $220,000 684 1502 2228 2672 3085 $220,000 $230,000 718 1578 2341 2807 3240 $230,000 $240,000 753 1653 2454 2942 3396 $240,000 $250,000 787 1729 2566 3077 3552