The Texas Comptroller of Public Accounts announced an immediate update to franchise tax depreciation rules to conform with the bonus depreciation provisions in the One Big Beautiful Bill Act of 2025. This update allows businesses to fully deduct the costs of qualifying fixed assets in the year of purchase, rather than over multiple years as previously required by the outdated 2007 IRC. [Tex. Comptroller of Pub. Accts., News Releases, 12/01/25]
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