Clarification to 2017 Publication 463 for Special Depreciation Allowance

The Tax Cuts and Jobs Act (Public Law 115-97), enacted December 22, 2017, modified certain special depreciation percentages. If you have viewed or downloaded the 2017 Publication 463, please note the following clarification to "Special depreciation allowance" on page 2. 

For qualified property purchased and placed in service after September 27, 2017, the special depreciation allowance is 100%. This is further explained in chapter 4.