The Internal Revenue Service (IRS), together with the US Department of the Treasury, has released new guidance explaining how businesses can claim a 100 percent depreciation deduction for certain production facilities.
The clarification comes through Notice 2026-16, issued under a new tax law known as the One Big Beautiful Bill (OBBB). While the law created the incentive, many technical details were unclear until this notice was published. With the guidance now available, businesses can rely on the interim rules immediately, even before final regulations are issued.
