3 ms·

My understanding is that the current "Big Beautiful Bill" reverses this

• andrewlgood 1y ago
  Do not think that is correct. The original accelerated depreciation is simply not being renewed.
  • twodave 1y ago
    IANAL, but the language of the bill seems to suggest GP was indeed correct: https://www.congress.gov/bill/118th-congress/house-bill/7024/text#H1312FC52A7C540A39BC68778312446EE https://www.congress.gov/bill/118th-congress/house-bill/7024... It seems they're going back to the system where one could choose to amortize those capital expenses, but not be required to.
    • yrashk 1y ago
      seemingly only for domestic R&D