Description

Thanks to the One Big Beautiful Bill Act (OBBBA) passed in 2025, 100% bonus depreciation is now permanently available for new and used assets. OBBBA has restored 100% bonus depreciation and increased the depreciation that can be taken under Section 179. OBBBA also provided a new, important depreciation topic — qualified production property. These topics, covered extensively in the program, are vital for tax practitioners advising business taxpayers.

Instructor: Mike Tucker, Ph.D., LL.M., J.D., CPA

Target Audience

Accounting and finance professionals who anticipate advising clients with respect to depreciation of business property

Course Objectives

Understand the new depreciation rules associated with OBBBA

Subjects

OBBBA permanently restores 100% bonus depreciation

Notice 2026-11 confirms existing bonus framework and availability of component elections

Qualified improvement property (QIP) is boosted by OBBBA

Qualified production property (QPP): established by OBBBA, clarified by Notice 2026-16

Definitions

Timing

Inclusions/exclusions

Third-party lease scenarios

Election mechanics

Recapture

New enlarged Section 179 ceiling limitations

OBBBA energy incentives sunset guide

179D deduction still in play

Tangible property regulations and their role in a strategic hierarchy of depreciation

Prerequisites

A basic understanding of the tax rules relating to individual income tax