The One Big Beautiful Bill introduces substantial updates to various tax provisions, many of which extend or reshape elements of the Tax Cuts and Jobs Act and open new considerations for asset depreciation and construction planning. These changes may require taxpayers to revisit their cost segregation strategies and building timelines to fully capitalize on the available tax incentives for energy-efficient buildings and accelerated depreciation.
The One Big Beautiful Bill Act has returned the ability for companies to immediately deduct domestic research and experimental (R&E) costs for the 2025 tax year, but it also introduces a complex network of new choices taxpayers will need to make strategically for the 2025 tax year. The Bill establishes new transition rules: one that allows for retroactive application by eligible taxpayers and another that allows for the acceleration of remaining unamortized amounts.
