Section 168(n) Special Depreciation for Qualified Production Property As part of the One Big Beautiful Bill Act (the “OBBBA”), signed into law on July 4, 2025, Congress enacted a new provision under Internal Revenue Code Section 168, which permits taxpayers a 100% special depreciation allowance for qualified production property (“QPP”) used as an integral part …
Continue reading “Section 168(n): A New Opportunity for Expensing Qualified Production Property”