OBBBA 2025: Permanent 100% Bonus Depreciation and New Expensing Rules
The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, introduced reforms to the federal framework for capital cost recovery. Chief among these changes is the permanent reinstatement of 100% bonus depreciation, along with new expensing opportunities for certain production-related real estate. Together, these provisions significantly influence how businesses plan, finance, and implement major capital investments.