2024 Bonus Depreciation Bill
2024 Bonus Depreciation Bill. On january 31, 2024, the house of representatives passed its version of the tax relief for american families and workers act of 2024, which would have. Short titles for portions of this bill from pcs (placed on senate calendar) bill text.
The bonus depreciation rate was reduced to 80% for property placed in service in 2023, and is set to be reduced to 60% in 2024, 40% in 2025, 20% in 2026,. 1, 2027, for longer production period.