What IRS Bonus Depreciation Regs Mean For Public Utilities

By Bradley Seltzer, Amish Shah and Michael Resnick (September 25, 2019, 4:08 PM EDT) -- On Sept. 13, the Internal Revenue Service and the U.S. Department of the Treasury issued both final and proposed regulations under §168(k) of the Internal Revenue Code, the provision of the Tax Cuts and Jobs Act providing for an additional first-year depreciation deduction equal to 100% of the cost of qualified property.[1] This article focuses on the impact of the final and proposed regulations on regulated public utilities....

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