It is not a done deal yet, but it looks like 100% bonus depreciation will be back for 2012.
The Middle Class Tax Relief and Job Creation Act of 2011 (you know, the payroll tax extension bill) has been passed by the Senate and headed back to the House for final ratification before a Presidential signature. The 100% bonus depreciation provisions are in the final bill and should be part of the final law. We will keep you posted as this bill gets finalized this week.
Please let us know if you have any questions regarding this or other legislation and its impact on you.