On February 13th of this year President Bush signed the Economic Stimulus Act of 2008 that amounted to more than $152 billion this year. The bill provides temporary tax incentives for businesses to make investments in their companies in hopes of spurring new jobs.  A “bonus” depreciation schedule was made available for landlords and commercial tenants who complete capital improvements to residential or commercial rental property by the end of 2008. The 2008 write off is a generous 50 percent of the costs for qualified leasehold improvements. The remainder of the cost is written off in declining increments over 15 years. Improvements completed after 2008, however, revert back to the previous schedule. The prior write off is only 2.5 percent of the cost in the first year, with the remaining spread over 39 years.