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OBBBA Restores 100% Bonus Depreciation: Part 1 to Update PeopleSoft AM

in PeopleSoft Announcements

The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, delivers major tax relief by reinstating 100% bonus depreciation for qualifying assets placed in service through December 31, 2029.

For PeopleSoft Asset Management (AM) users, this change requires system updates to ensure both retroactive and prospective compliance with the new rules. Get the details in this blog article! https://bit.ly/3TY8fy9

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