Revenue Procedure 2015-48 - bonus depreciation

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September 15, 2015

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Issue Number: RP-2015-48

Inside This Issue

Revenue Procedure 2015-48 provides guidance for issues related to the enactment of § 125(a), § 125(c)(2), and § 127(d) of the Tax Increase Prevention Act of 2014, Pub. L. No. 113-295, 128 Stat. 4010 (December 19, 2014) (TIPA). Section 125(a) of the TIPA amended § 168(k)(2) of the Internal Revenue Code (Code) by extending the placed-in-service date for property to qualify for the 50-percent additional first year depreciation deduction.

Revenue Procedure 2015-48 will be published in Internal Revenue Bulletin 2015-40 on October 5, 2015.

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