Bonus Depreciation Bill 2024. In 2024, the bonus depreciation rate will drop to. The bill proposes to extend the 100% bonus depreciation for property placed in service during the years 2023 through 2025 and to retain the 20% bonus depreciation for property placed in service in 2026.

The title extends the allowance for depreciation, amortization, or depletion in determining the limitation of the business interest deduction. The bill includes 100% bonus depreciation, as well as research and development expensing and also expands the child tax credit.