2024 Bonus Depreciation Bill

2024 Bonus Depreciation Bill. 31, 2022, meaning it would be retroactive to the beginning. Under the new law, there is 100% bonus depreciation for “qualified property” acquired and placed in service after september 27, 2017 and.

Under the bill, bonus depreciation would return to 100% for qualified property placed into service after dec. The bill includes tax legislation to help small and private businesses, including the ability to immediately expense domestic research and experimental expenditures, allowing for 100% bonus.