US SB187

Amends Internal Revenue Code Section 168(k) to permanently set the "applicable percentage" for bonus depreciation at 100% for qualified property placed in service after September 27, 2017

Allows businesses to fully deduct (expense) the cost of qualified property investments immediately in the year the investment is made, rather than depreciating over time

Removes the phaseout schedule that was reducing bonus depreciation from 100% to 80%, 60%, 40%, 20% and eventually 0% under current law

Extends permanent 100% expensing to specified plants (such as fruit trees and vines) that are planted or grafted after September 27, 2017

Makes amendments retroactively effective as if included in the Tax Cuts and Jobs Act of 2017 (Public Law 115-97)