Proposed Bonus Depreciation Regulations Offer Little Relief to Retailers and Restaurant Owners | Practical Law
The IRS has issued proposed regulations implementing changes to the bonus depreciation deduction for qualified commercial property investments provided in the recent Tax Cuts and Jobs Act. Although the regulations clarify certain parts of the legislation, they do not fix an apparent error denying the full benefit of the deduction to retailers, restaurant owners, and other parties seeking to improve commercial real estate.