Tucked away in the $2 trillion stimulus bill passed by Congress a week ago is a tax law change that will benefit commercial property owners and some tenants well after the coronavirus pandemic runs its course.
The change, on page 211 of the 883-page Coronavirus Aid, Relief and Economic Security Act, expands the tax deduction for many kinds of property improvements to 100% of the cost, with the deduction applicable right away, not over many years.
Read more at: https://www.bisnow.com/national/news/economy/cares-act-expands-greatly-deductions-for-ti-retailers-and-restaurants-103833
