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How to Obtain the 40% Bonus Method Needed for 2018 Per the Extension of Protecting Americans from Tax Hikes (PATH) Act of 2015 (Doc ID 2234686.1)

Last updated on AUGUST 23, 2021

Applies to:

Oracle Assets - Version 12.1.3 and later
Information in this document applies to any platform.


On Dec. 18, 2015, Congress passed a tax extension package, the Protecting Americans from Tax Hikes (PATH) Act of 2015, which modifies, extends, or makes permanent several depreciation-related provisions including:

Bonus depreciation rules
15-year recovery period for qualified leasehold, restaurant, and retail property
New category for qualified improvement property

Bonus depreciation extension and modifications:
The Act extends bonus depreciation for property acquired and placed in service during 2015 through 2019 (with an additional year for certain property with a longer production period). The bonus depreciation percentage is 50 percent for property placed in service during 2015, 2016, and 2017, but then phases down to 40 percent in 2018 and 30 percent in 2019.

For additional details please see section 143 in the following "SECTION-BY-SECTION SUMMARY OF THE PROPOSED PROTECTING AMERICANS FROM TAX HIKES ACT OF 2015"
from the Ways and Means Committee:


 Are there patches or anticipated patches to add the 40% Bonus Tables??



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