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Topline
A little-discussed portion of the billionaire President Donald Trump’s “Big Beautiful Bill” hands a lucrative break to ultrawealthy Americans in the form of a tax policy for private jet purchases.
Key Facts
Part of the spending package that just passed the Senate is the permanent restoration of the 100% “bonus depreciation” federal law, which allows businesses to write off the full amount of qualifying items in the year of purchase.
Bonus depreciation was originally a part of the Tax Cuts and Jobs Act of 2017, but phased down from the 100% level…more
Source www.forbes.com
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