Senate Blocked Tax Bill With 100% Bonus Depreciation
Yesterday Senate blocked further action on The Tax Relief for American Families and Workers Act of 2024, H.R. 7024, which includes the extension of 100% bonus depreciation.
Yea-Nay Vote. 48 - 44 record of how Senators voted here -> This tax bill required For Majority: 3/5 and didn't get it.
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Michael Plaks
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Michael Plaks
#1 Tax, SDIRAs & Cost Segregation Contributor
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This is a tax forum, not a political forum (thankfully). So my brief side note is only added because Sean's post could be misinterpreted.
It's not like the Senate had a problem with bonus depreciation. The bill failed for other reasons. Which we should not debate here.