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.
Learning Objectives
- Understand the new depreciation rules associated with OBBBA
Major Topics
- 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
