Bonus Depreciation Bill 2024. The bill includes 100% bonus depreciation, allows for immediate research and development expensing and expands the child tax credit. Restore 100% bonus depreciation for property placed in service from 2023 through 2025.
The full house passed late wednesday by a 357 to 70 vote h.r. Under the new law, there is 100% bonus depreciation for “qualified property” acquired and placed in service after september 27, 2017 and.
