Bonus Depreciation’ s Revival: Navigating Transition Rules and Qualified Production Property

The One Big Beautiful Bill Act( OBBBA) represents a landmark shift in tax policy by restoring and permanently reinstating 100 % bonus depreciation for qualifying assets. The OBBBA also introduced a new asset class known as qualified production property( QPP) for bonus depreciation, creating an even more powerful tax incentive for manufacturers and industrial developers.

While these new provisions deliver a significant tax savings opportunity, it requires careful planning and compliance with eligibility rules.

06 | VIEWPOINTS: ISSUE 2 2025