Permanent Tax Deduction for Qualified Property Investments.
This act introduces a permanent, 100% tax deduction immediately upon making an investment in certain qualified property. This means businesses and individuals investing in eligible assets can deduct the full value of the investment from their taxable income right away, aiming to encourage more investment and economic growth.
Key points
Immediate 100% tax deduction for investments in qualified property.
Aims to encourage long-term investments and support economic growth.
Applies to property placed in service after September 27, 2017.
Status:
Expired
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