Congress · 116th Congress
House Democrats to move on temporary ‘SALT’ cap increase
That rate was cut to 37 percent by the 2017 tax law, but is scheduled to return to 39.6 percent in 2026.
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That rate was cut to 37 percent by the 2017 tax law, but is scheduled to return to 39.6 percent in 2026.
However, full expensing starts to phase out in 2023 and ends after 2026. After that, the depreciation schedule reverts to seven years. Very few horses race more than three years, Barr said.