Qualified Production Property (QPP) may provide manufacturers with an opportunity to immediately expense up to 100% of eligible building and equipment costs, potentially creating significant first-year tax benefits.
In this video, Cherry Bekaert tax professionals discuss how QPP works under current tax law, which manufacturing facilities, improvements and equipment may qualify, and key considerations for businesses planning future capital investments.
You’ll learn:
- The purpose of Qualified Production Property (QPP) and how it applies under current tax law
- Which manufacturing facilities, improvements and equipment may qualify for immediate expensing
- How QPP interacts with bonus depreciation, Section 179D and other cost recovery provisions
- Planning opportunities and potential limitations associated with QPP
- How QPP may affect cash flow and tax considerations for manufacturing expansion and modernization projects
Whether your organization is evaluating a new manufacturing facility, upgrading equipment or planning a modernization project, this discussion provides practical insights into how QPP may factor into your tax and capital investment strategy.
