The CREATE JOBS Act proposes permanent full expensing for qualified property investments.
The CREATE JOBS Act amends the Internal Revenue Code to allow a tax deduction at the time an investment in qualified property is made. It defines "qualified property" as residential rental property or nonresidential real property. The bill also introduces a neutral cost recovery depreciation adjustment for such properties, modifying the deduction calculation based on a neutral cost recovery ratio. Additionally, it eliminates the amortization of research and experimental expenditures, treating them as immediate expenses.
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