CNBC's Robert Frank reports on recent provisions to bonus depreciation.
BreakdownGenerated by LeadStory AI
- Bonus depreciation now allows immediate 100% write-off of business equipment, including private jets. 13s
- The provision applies to both new and pre-owned jets used for qualified business activities. 47s
- The rule is retroactive to the start of the year, covering recent purchases. 55s
- Full purchase price can be deducted from taxable income in the year of purchase. 1m 1s
- Industry expects a spike in private jet demand due to the tax change. 1m 15s