What is tax allowance for 2016 to 2017

The Protecting American From Tax Hikes (PATH) Act of 20extended bonus depreciation for property acquired and placed in service during 20through . Under pre-Act law, for tax years beginning before 20, an expensing election. The Act extends bonus depreciation for qualified property acquired and placed . As of 10/13/ 20, bonus depreciation is not allowed. The PATH Act allows first-year bonus depreciation for assets placed in service in 20through 2017. In 20and 201 companies can . AMT credits in lieu of bonus depreciation under special rules for property placed in service during 2015. Congress passed a tax extenders . Bonus Depreciation has been extended for fixed assets placed in service after 2014.

Prior to 20, except for certain qualified leasehold improvements placed in. Qualified improvement property was a relatively new asset classification created in 20under the PATH ACT. When drafting the TCJA, .