The recently enacted One Big Beautiful Bill Act (OBBBA) has reshaped the tax landscape with three pivotal business provisions that promise both opportunity and complexity. In a new discussion, Grant Thornton professionals Dana Lance, David Sites, and Caleb Cordonnier explore how these changes can be used to drive strategic advantage.
The conversation highlights what the team has dubbed the “Big Three” tax provisions:
- The restoration of 100% bonus depreciation and full expensing for qualified production property.
- The ability to fully expense domestic R&D expenditures under Section 174.
- The permanent re-establishment of an EBITDA-based interest expense limitation.
As Lance, Sites, and Cordonnier emphasize, the provisions do not operate in isolation. They caution against modeling missteps and encourage organizations to take an integrated, forward-looking approach.
Industries from manufacturing to life sciences and technology stand to benefit most, but success requires careful timing, agile capital planning, and alignment between tax strategy and business growth. With regulatory guidance still evolving, companies cannot wait for certainty and should consider acting now.
To hear more about how the “Big Three” provisions can unlock opportunity for your organization, watch the full discussion.
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