A Guide to Qualified Production Property (QPP)
A Guide to Qualified Production Property (QPP) The One Big Beautiful Bill Act (OBBB) introduces IRC § 168(n), establishing a new category of property—Qualified Production Property (QPP)—eligible for 100% bonus depreciation. This provision offers a significant planning opportunity for taxpayers investing in qualified manufacturing, production, or refining facilities. This article outlines the statutory framework, key definitions, and practical considerations CPAs should be aware of when advising clients on QPP. Qualified Property The addition of QPP under the newly added IRC