100% Bonus Depreciation BACK until 2030 - FULL TEXT Link

[Pierre E.]

There is some wrong information I saw, so I took a look at the full text and shared it below if anyone is interested and I added the sections to search for (use Ctrl+F) 

Bonus depreciation starts again for properties purchased on or after Jan 20, 2025.  
Properties before that date still follow the previous depreciation timeline. 

This is  still needing to go through the sensate but you can see its progress at the link below

Status of the Bill In Congress and FULL TEXT : http://www.congress.gov/bill/119th-congress/house-bill/1/text

H.R.1 - One Big Beautiful Bill Act 119th Congress (2025-2026)

Subtitle B Part 1 (Sec. 111001) - This section extends bonus depreciation for qualified property acquired and placed into service after January 19, 2025, and before January 1, 2030 (and before January 1, 2031, for some types of property with longer production periods).

Subtitle B Part 2 (Sec. 111001) - This section provides for an elective 100% depreciation allowance for nonresidential real property that meets certain requirements. (Some limitations apply.)

Subtitle B Part 2 (Sec. 111107) Some additional adjustments


https://www.congress.gov/bill/119th-congress/house-bill/1/te...

[Dylan Brown]

@Arn Cenedella So true - I remember back in 2024 we were all in a frenzy and even delaying clients' 2023 returns thinking it was coming back retroactive to 12/31/2023, just to have the rug pulled from under us over the summer.

It feels more legit this time around, but I am sure we all felt just as sure back in 2024 too.  Good advice to just "wait and see."