Ten years ago, the United States introduced the Tax Cuts and Jobs Act, reshaping the tax landscape and impacting every major industry. Today, the One Big, Beautiful Bill Act is doing the same, offering significant opportunities while introducing several important sunsets and phase-outs.
In this session Gina Maurino from Capstan Tax Strategies will explore how OB3 provisions will affect specialty tax incentives, breaking down the benefits while highlighting key windows of opportunity. Emphasis will be placed on proactive planning that leverages favourable provisions, teeing your clients up for success in the OB3 era.
Learning objectives
- Understand the impact of the restoration of 100% bonus depreciation and the repeal of Sec. 174 amortisation
- Explain how your R&D clients may take advantage of favourable opportunities to mitigate the impact of prior amortisation
- Describe how the OB3 affects the timeframes of several energy-efficient incentives, and understand how to guide your clients through the narrowed windows of opportunity
- Identify what property is considered Qualified Production Property (QPP) under the OB3, and explain impact on the manufacturing industry
- Recognise the impact of changes to the Business Interest Limitation Deduction
Course outline
- Introduction
- 100% bonus restored
- Qualified production property and the manufacturing industry
- Mandatory Sec. 174 amortisation repealed
- Energy-efficient incentive changes
- Sec. 45l credit
- CEIC credit
- EV recharging station credit
- 179d deduction
- Sec. 199a qualified business income deduction
- Sec. 163(j) business interest deduction limitation
- Opportunity zones
- Summary and strategy
Gina Maurino
MGI North America members in the U.S. will earn 1.0 CPE credit for attending the entire webinar, answering live polls, and completing the Evaluation Form.
Program level: Beginner / Intermediate
Prerequisites: General background in accounting, depreciation and cost segregation
Advanced preparation: None
Field of study: Taxes
