Significant Individual Provisions of the AJCA footnotes

¹See John Banks II, 345 F3d 373 (6th Cir. 2003), cert. granted, S. Ct., 3/29/04, and Sigitas Banaitis, 340 F3d 1074 (9th Cir. 2003), cert. granted, S. Ct., 3/29/04.

²Sutherland Lumber-Southwest, Inc., 114 TC 197 (2000), affd, 255 F3d 495 (8th Cir. 2001), acq., AOD 2002-02, in which the Tax Court held that a deduction for company aircraft personally used by Sutherlands president and vice-president was not limited to the amount included in the employees income; for a discussion, see McGuire, Tax Clinic, Company Planes: AJCA Extends Bonus Depreciation, but Grounds Sutherland Lumber, this issue.

³Chief Counsel Advice (CCA) 200344008 (10/31/03).