A key provision that extends three-year tax depreciation for all racehorses through 2020 was signed into law Dec. 20 by President Donald Trump. The racehorse provision, which received bipartisan ...
A key provision that extends three-year tax depreciation for all racehorses through 2020 passed the U.S. House of Representatives by a vote of 297-120, the National Thoroughbred Racing Association ...
The One Big Beautiful Bill Act generated considerable attention for extending 100% bonus depreciation for new assets, but manufacturing executives should focus on a quieter provision that could prove ...
On May 12, 2025, the Republicans on the House Committee on Ways and Means released a draft bill showing their tax plan for the budget reconciliation legislation. The legislation will likely undergo ...
Most tax practitioners and real estate investors are aware of the depreciation-related changes to the Tax Code in recent years. However, because of the rapid changes to these rules, many people are ...
At the beginning of 2022, provisions were introduced into the CIT Act limiting the amount of tax depreciation deductions in real estate companies. According to Article 15(6) of the CIT Act, ...
Companies can structure the sales and purchases of their business assets as like-kind exchanges and continue to recognize substantially less tax gain. Bonus depreciation has expired -- now what? For ...