Business tax implications of the One, Big, Beautiful Bill
The One, Big, Beautiful Bill (OBBB) addressed the so-called “trifecta” package of business tax provisions: the expensing of research and development (R&D) costs under Section 174, computational changes to the interest expense limitation under Section 163(j), and the restoration of the 100% bonus depreciation deduction in the first year that certain property is placed in...

