The One Big Beautiful Bill Act introduces key updates to the §45X Advanced Manufacturing Credit, including new domestic-content rules, accelerated phase-outs for wind and metallurgical coal, and restrictions on foreign-entity involvement. Solar, battery, and critical mineral producers still benefit, but strategic planning is now essential....
The One Big Beautiful Bill Act (OBBBA) reestablishes same-year deductions for domestic research expenses beginning in 2025. Under new IRC §174A, U.S. companies can fully expense qualified R&D costs immediately, significantly improving the cash flow benefits of innovation investments. Foreign research, however, remains subject to 15-year amortization. Optional 60-month amortization is also available, and the shift to immediate expensing is treated as an automatic accounting method change....
With the passage of the One Big Beautiful Bill Act (OBBBA), 100% bonus depreciation was made permanent for qualified property placed in service after January 19, 2025. This legislative change significantly enhances the value of cost segregation, a proven tax strategy that accelerates depreciation deductions by identifying and reclassifying building components into shorter recovery periods—typically 5, 7, or 15 years—instead of the standard 27.5 or 39 years. By front-loading depreciation, cost segregation can substantially improve cash flow and reduce tax liability in the early years of property ownership....
The §45X Advanced Manufacturing Production Credit offers one of the most powerful federal incentives available to domestic manufacturers of clean energy components. The credit was introduced in 2022 as part of the Inflation Reduction Act, yet many manufacturers are still unaware of how much value is at stake. Many do not realize how urgent it is to act, as the §45X Credit can only be claimed on a timely filed original return. That means no amended returns, no retroactive elections, and no second chances. To take advantage of §45X, it is essential to understand and prepare for its compliance requirements now, before the next filing deadline....
The House of Representatives passed a sweeping Republican-backed bill that would eliminate the 30% residential solar tax credit (§25D of the U.S. Tax Code) by the end of 2025. The legislation, which also includes major tax, budget, and immigration reforms, faces an uncertain future as it heads to the Senate, where bipartisan support for clean energy incentives could complicate its path forward....
The “One, Big, Beautiful Bill" promises to provide one big deduction for R&D expenditures. Section 111002 aims to provide immediate relief for businesses engaged in research and development activities within the United States. This marks the most promising proposal to walk back the R&D expenditure amortization requirements since they went into effect in 2022....