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Strategic Tax Planning Under The OBBBA: Special Depreciation Allowance for Qualified Production Property

Withum

Construction commences after January 19, 2025 , and before January 1, 2029. However, additional conditions apply, including: A binding written contract for acquisition must be executed beginning January 19, 2025, and before January 1, 2029. Sales and marketing activities. The property is located in the United States or a U.S.

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What's new in July for state sales and use taxes

TaxConnex

There’s always something changing in the world of tax, especially sales tax. State sales tax holidays fail to live up to the hype. in favor of conveniently popular yet ultimately ineffective sales tax holidays.”. Several states tinkered with their sales tax exemptions this summer.