Bonus Depreciation 2024 Senate. The bill hr 7024 seeks to reinstate 100% bonus depreciation for aircraft owners, with widespread industry impact. The bonus depreciation rate was reduced to 80% for property placed in service in 2023, and reduced to 60% for property placed in service in 2024.
The provision extends 100% bonus depreciation for qualified property placed in service after dec. The legislation, dubbed the tax relief for american families and workers act of 2024, extends 100% bonus depreciation for eligible qualified property for.