RP-2017-33: Additional first year depreciation

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April 20, 2017

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Issue Number: RP-2017-33

Inside This Issue

Revenue Procedure 2017-33 provides guidance under the Protecting Americans for Tax Hikes Act of 2015 (PATH Act) regarding amendment to (i) expensing section 179 property, (ii) the additional first year depreciation deduction under section 168(k), and (iii) the qualified Indian reservation property depreciation provision under section 168(j).

Revenue Procedure 2017-33 will be in IRB 2017-19, dated 05/08/2017.

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