Unpacking The New Temporary Rules For Bonus Depreciation

Law360 (September 12, 2018, 4:57 PM EDT) -- Last year, the federal government enacted the most substantial tax reform legislation since 1986, commonly referred to as the Tax Cuts and Jobs Act of 2017. Of the many business-friendly changes, the amendments to Section 168(k) of the Internal Revenue Code allowing immediate expensing for certain business assets should lower the cost of certain investments and increase the liquidity of investing companies by reducing overall tax liability.

The new law, however, left many questions to be resolved by regulations. On Aug. 3, 2018, the Department of the Treasury and the Internal Revenue Service released proposed regulations implementing amendments to Section 168(k)...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!