What is the range of additional bonus depreciation percentage for qualified assets acquired between specific dates?

The range of additional bonus depreciation for qualified assets was established under the Tax Cuts and Jobs Act (TCJA) which allows for 100% bonus depreciation for qualified property placed in service after September 27, 2017, and before January 1, 2023. However, the percentage decreases for assets placed in service after that timeline. Specifically, for assets acquired and placed in service between September 27, 2017, and December 31, 2022, the bonus depreciation was indeed set at a full 100%.

For the year 2023, the bonus depreciation rate is expected to be reduced to 80%, for property acquired after December 31, 2022, and before January 1, 2024. This is part of the phaseout schedule that the TCJA introduced.

Thus, when looking at the timeline and bonus depreciation percentages concerning when qualified assets were acquired, the correct range for the bonus depreciation percentage would indeed be 30% or 50%, correlating to particular years where the bonus was reduced, reflecting the updates established within the TCJA framework and subsequent adjustments in tax legislation.