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Tax Break for Businesses: 100% Bonus Depreciation is Back Plus New Expensing of Qualified Production Property.
The reinstatement of 100% bonus depreciation is a critical component of recent U.S. tax legislation aimed at fostering economic growth. The 2017 Tax Cuts and Jobs Act (TCJA) had already put significant emphasis on bonus depreciation, but its reinstatement under the "One Big Beautiful Bill Act" further emphasizes its importance, along with the introduction of Qualified Production Property.