Yes. The One Big Beautiful Bill Act (OBBBA), signed into law in 2025, permanently restored 100% bonus depreciation for qualified property acquired and placed in service after January 19, 2025. This reversed the phase-down that had been in effect: 80% for 2023, 60% for 2024, 40% for January 1–19, 2025, and what would have been 20% for 2026 and 0% thereafter. The permanent restoration means businesses can plan with certainty that 100% first-year expensing will be available going forward.
