Oregon generally conforms to the federal treatment of bonus depreciation under I.R.C. § 168(k). However, for the 2009 and 2010 tax years, Oregon did not allow bonus depreciation, as specified in Or. Rev. Stat. § 317.301(2) and Or. Rev. Stat. § 317.010(8), (9). This temporary divergence highlights the importance of understanding historical state-level modifications to federal depreciation rules.
Apartment ComplexIn Service 2023
A Apartment Complex purchased for $944,731 in Oregon
Purchase Price
$944,731
Land Value
$210,400
22.3% of total
Year In Service
2023
Tax Savings
$115,482
12.2% of purchase
Savings Impact12.2%
