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ITC Rates Listing

Use this listing to review the Investment Tax Credit (ITC) rates and ITC recapture rates you have set up. The listing is sorted by tax year and life.

Selected Headings

Tax Year: The tax year when the ITC rate becomes effective.

ITC Rate: The ITC rate that is valid for the asset life and tax year.

Basis Reduction (%): The basis reduction rate for the ITC rate. Oracle Assets reduces the recoverable cost of your asset by this rate.

Year of Retirement: The year of asset life for which the recapture rate applies. If you retire the asset in this year of life, Oracle Assets recaptures ITC using this recapture rate.

Recapture Rate: The recapture rate for the year of life that you retire an asset. Oracle Assets uses this rate to determine the amount of investment tax credit to recapture when you retire an asset.

See Also

Defining Investment Tax Credit Rates

Common Report Headings

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