Tax relief act allows 100 percent bonus depreciation for 2011.

The article reports on the move of the U.S. Congress to pass the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act, which extends higher expensing limits and boosted 100% bonus depreciation. It mentions that the new 100% bonus is applicable to qualified property placed in service after September 8, 2010. It affirms that it applies only to new properties that are not yet used and business-used.