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Analysis

Net Lease Could Get Relief Under Tax Bill

It’s all about extended bonus depreciation that buyers of certain properties could gain.

The House has passed the Tax Relief for American Families and Workers Act of 2024 bill. There are a number of parts to it, and nothing will happen until the Senate passes it, after which President Biden would have to sign it — or offer a veto that would then be overridden.

But if all that happens, the business tax relief section includes an extension to 2025 of 100% bonus depreciation. That “would temporarily restore 100 percent bonus depreciation for equipment and other short-lived capital assets,” as the Tax Foundation noted.

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Erik Sherman

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