Special Depreciation Allowance for Qualified Production Property |
No special 100 % depreciation for nonresidential real property used in manufacturing |
Temporary 100 % expensing for certain nonresidential real property used in qualified production activities, with recapture rules |
Major benefit for manufacturers investing in new or improved facilities |
Expansion of Tax on Excess Compensation in Tax-Exempt Organizations |
Covered employees were limited to the top 5 highest-paid in any year after 2016. |
Now includes any employee or former employee who was ever a covered employee after 2016. |
Increases the number of employees subject to the excise tax, raising compliance costs and potentially limiting high compensation in taxexempt organizations. |
Modification of Excise Tax on Private College Endowments |
Flat 1.4 % tax on net investment income for large private colleges. |
Graduated rates: 1.4 % for $ 500k- $ 750k / student, 4 % for $ 750k- $ 2M, 8 % for over $ 2M, with expanded definition of investment income. |
Increases the tax burden on colleges with larger endowments per student, potentially reducing funds available for scholarships, research, and operations. |