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CARES Act Overview: The Impact on QIP

April 10, 2020

On Friday, March 28th, 2020, the President signed into law H.R. 748, the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act, Public Law No. 116-136. Among many provisions, the CARES Act finally fixed the “retail glitch”, which prevented commercial building owners from claiming bonus depreciation on their Qualified Improvement Property (“QIP”). Click here to see what changed and how to implement these favorable changes.

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