Keeping up with changing state tax laws has always been a challenging part of state tax planning for corporations, especially because states don’t consistently conform to the federal Internal Revenue Code (I.R.C.). To help simplify your corporate tax planning strategy and reduce risk, our state tax experts have compiled each state’s specific bonus depreciation rules and how they conform to federal bonus depreciation laws.
[Download the full state I.R.C. conformity chart for each state’s conformity status, key differences between state and federal bonus depreciation rules, state resources, and expert analysis.]
Bonus depreciation qualified property
Bonus depreciation allows taxpayers to deduct 100 percent of the adjusted basis of qualified property in the year the qualifying property is placed in service. Before the enactment of the One Big Beautiful Bill Act (Pub. L. No. 119-21), federal law permitted taxpayers to deduct a specified percentage based on the year the qualifying property was placed in service.
Qualified property is defined as property that meets two requirements:
- It is MACRS property with a recovery period of 20 years or less (including qualified improvement property), depreciable (off-the-shelf) computer software, water utility property (other than rate-regulated public water utility property), qualified film production, qualified television production, qualified live theatrical production, qualified sound recording production, an I.R.C. §743(b) basis adjustment in qualified property, a specified plant (defined in I.R.C. §165(k)(5)), or qualified reuse and recycling property (defined in I.R.C. §165(m)(2)).
- Either its original use begins with the taxpayer, or it was not used by the taxpayer or a predecessor in the five years before the taxpayer’s current placed-in-service year and it meets certain other used property acquisition requirements.
Which states conform to federal bonus depreciation?
Use our lookup tool below to quickly find which states follow federal bonus depreciation rules and which states don’t allow bonus depreciation. Download the full list of state charts to easily compare how each state (plus Washington, D.C., and New York City) conforms to the federal treatment of bonus depreciation.
Your guide through the state depreciation maze
Calculating state bonus depreciation has long been a frustrating and stressful part of state tax planning for corporations, with tax accountants going cross-eyed staring at complicated spreadsheets while under the looming threat of audits or fines. Bloomberg Tax Research helps you easily compare state conformity to federal tax code sanctions in an instant with our I.R.C. State Conformity Chart Builder. With just a few clicks, you’ll select the state and I.R.C. section to compare, see if the state conforms, and quickly link to key expert analysis and primary source materials for a corporate tax planning strategy that ensures compliance no matter the state.
Request a demo to see our platform in action.
Conformity charts: State bonus depreciation rules
The following charts explain how each state conforms to federal bonus depreciation under I.R.C. § 168(k) – Current Year Computation of Taxable Income.
Alabama
State website
Conformity status
Partial conformity
Description
Corporate: Alabama generally conforms to the federal treatment of bonus depreciation. However, Alabama does not permit bonus depreciation for property acquired after Dec. 31, 2007, and placed in service before Jan. 1, 2009. Ala. Code § 40-18-33; Alabama Dept. of Rev,, The One, Big, Beautiful Bill Act Analysis and Tax Provisions (Nov. 10, 2025).
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Alaska
State website
Conformity status
Partial conformity
Description
Corporate: While Alaska conforms to the federal treatment of bonus depreciation, oil and gas producers are required to follow I.R.C. § 167 as was in effect on June 30, 1981. Alaska Stat. § 43.20.021(a); Alaska Stat. § 43.20.144(b)(4); Alaska Admin. Code tit. 15, § 20.480(b).
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Arizona
State website
Conformity status
Does not conform
Description
Corporate: Arizona does not conform the federal treatment of bonus depreciation and requires an addition modification for any bonus depreciation taken, but then allows a corresponding deduction, which is computed as if the taxpayer had not elected bonus depreciation. Ariz. Rev. Stat. Ann. § 43-1121(4); Ariz. Rev. Stat. Ann. § 43-1122(20); Arizona Dept. of Rev., Conformity to I.R.C. .
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Arkansas
State website
Conformity status
Does not conform
Description
Corporate: Arkansas does not conform to the federal treatment of bonus depreciation and requires taxpayers to add back any bonus depreciation deducted at the federal level. Ark. Code Ann. § 26-51-428(a); Arkansas Schedule 1100REC: Corporation Income Tax Reconciliation Schedule.
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
California
State website
Conformity status
Does not conform
Description
Corporate: California does not conform to the federal treatment of bonus depreciation. California disallows a deduction for bonus depreciation and requires taxpayers to add back any bonus depreciation deducted at the federal level. Cal. Rev. & Tax. Code § 24349; California Tax Publication FTB 1001.
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Colorado
State website
Conformity status
Conforms
Description
Corporate: Colorado conforms to the federal treatment of bonus depreciation. Colo. Rev. Stat. § 39-22-304.
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Connecticut
State website
Conformity status
Does not conform
Description
Corporate: Connecticut does not conform to the federal treatment of bonus depreciation. Taxpayers are required to add back any bonus depreciation deduction taken at the federal level in computing Connecticut net income, Conn. Gen. Stat. § 12-217(b)(1), Connecticut Office of the Commissioner Guidance OCG-5 (June 14, 2018); Connecticut Special Notice SN 2018(9.1) (March 1, 2019) (provides conformity information for Connecticut state income tax purposes)
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Delaware
State website
Conformity status
Partial conformity
Description
Corporate: Delaware requires a modification depending on the property. For property acquired and placed in service after Jan. 19, 2025, and before Jan. 1, 2031, Delaware applies the federal bonus depreciation rules under I.R.C. § 168(k) as in effect immediately before the enactment of OBBBA (Pub. L. No. 119-21). Del. Code Ann. tit. 30, § 1901(10); Del. Code Ann. tit. 30, § 1903(d), as amended by 2025 Del. H.B. 255, effective Nov. 19, 2025, and applicable to tax years beginning on or after Jan. 1, 2022.
Planning Point: Under I.R.C. § 168(k), a deduction is allowed for the depreciation of qualified property. I.R.C. § 168(k)(2)(A)(ii) describes qualified property as property that was either originated or acquired by the taxpayer. Notably, Del. Code Ann. tit. 30, § 1903(d)(2) describes property that was acquired by the taxpayer.
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
District of Columbia
State website
Conformity status
Does not conform
Description
Corporate: The District of Columbia does not conform to the federal treatment of bonus depreciation.. The District requires an addition modification for any bonus depreciation taken at the federal level. D.C. Code Ann. § 47-1803.03(a)(7)
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Florida
State website
Conformity status
Does not conform
Description
Corporate: Florida does not conform to the federal treatment of bonus depreciation. Amounts deducted as bonus depreciation under I.R.C. § 168(k) for assets placed in service after Dec. 31, 2007, but before Jan. 1, 2027, must be added back. However, a state deduction is permitted over seven years for one-seventh of the amounts that were added back. The addback does not apply to qualified improvement property. Fla. Stat. § 220.13(1)(e)(1); Florida Tax Information Publication 20C01-01R.
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Georgia
State website
Conformity status
Does not conform
Description
Corporate: Georgia does not conform to the federal treatment of bonus depreciation. Georgia requires an addition modification for any bonus depreciation taken at the federal level. Ga. Code Ann. § 48-1-2(14); Georgia Dept. of Rev., Income Tax Federal Tax Changes (Dec. 23, 2024).
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Hawaii
State website
Conformity status
Does not conform
Description
Corporate: Hawaii does not conform to the federal treatment of bonus depreciation under I.R.C. § 168(k) and requires an addition to federal taxable income for any bonus depreciation taken at the federal level. Haw. Rev. Stat. § 235-2.4(m).
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Idaho
State website
Conformity status
Does not conform
Description
Corporate: Idaho does not conform to the federal treatment of bonus depreciation under I.R.C. § 168(k) and requires an addition to federal taxable income for any bonus depreciation taken at the federal level. Idaho provides an exception for property placed into service in 2008 and 2009. Idaho Code § 63-3022O(1); Idaho Regs. § 35.01.01.125; Idaho State Tax Comn., Bonus Depreciation (last visited April 6, 2026).
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Illinois
State website
Conformity status
Partial conformity
Description
Corporate: Illinois partially conforms to the federal treatment of bonus depreciation. Illinois requires an addition for the amount equal to the bonus depreciation deduction taken on the taxpayer’s federal income tax return for the taxable year under I.R.C. § 168(k). The statute also provides for related subtractions under I.R.C. § 168(k). 35 ILCS 5/203(b)(2)(E-10); 35 ILCS 5/203(b)(2)(T); 35 ILCS 5/203(b)(2)(U); Illinois Form IL-4562: Instructions for Special Depreciation.
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Indiana
State website
Conformity status
Partial conformity
Description
Corporate: Indiana partially conforms to the federal treatment of bonus depreciation. Indiana specifically decouples from I.R.C. § 168(k). However, Indiana provides a definition of bonus depreciation that excludes amounts of added depreciation allowance that are attributable to I.R.C. § 1031 income and for which an allowance under I.R.C. § 179 was not claimed. Ind. Code Ann. § 6-3-1-3.5(b)(5); Ind. Code Ann. § 6-3-1-33; Indiana Tax Information Income Tax Bulletin 118; Indiana Dept. of Rev., Tax Chapter 2020 for the 2019 Filing Year.
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Iowa
State website
Conformity status
Partial conformity
Description
Corporate: Iowa conforms to the federal treatment of bonus depreciation under I.R.C. § 168(k). For tax years beginning, and property placed in service, before Jan. 1, 2021, Iowa does not conform to bonus depreciation and requires an addition modification for any bonus depreciation taken at the federal level. Former Iowa Code Ann. § 422.35(19A), repealed by 2021 Iowa S.F. 619, effective for tax years beginning, and property placed in service, on or after Jan. 1, 2021; Iowa Admin. Code r. 701–53.22; Iowa Nonconformity: Coronavirus Aid, Relief, and Economic Security Act of 2020.
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Kansas
State website
Conformity status
Conforms
Description
Corporate: Kansas conforms to the federal treatment of bonus depreciation. Kan. Stat. Ann. § 79-32,138; CITN KS 5.3.1.2.
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Kentucky
State website
Conformity status
Does not conform
Description
Corporate: Kentucky does not conform to the federal treatment of bonus depreciation. Kentucky requires an addition modification for any bonus depreciation taken at the federal level.. Ky. Rev. Stat. Ann. § 141.0101(16)(a); CITN KY 5.3.1.2.
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Louisiana
State website
Conformity status
Does not conform
Description
Corporate: For taxable years beginning on or after Jan. 1, 2025, Louisiana does not conform to the federal treatment of bonus depreciation and requires an addition modification for bonus depreciation to federal taxable income. For taxable years before Jan. 1, 2025, Louisiana conforms to the federal treatment of bonus depreciation. Louisiana conforms to the federal treatment of bonus depreciation. La. Rev. Stat. Ann. § 47:65; La. Rev. Stat. Ann. § 47:287.65; La. Rev. Stat. Ann. § 47:287.73(C)(6); La. Rev. Stat. Ann. § 47:287.701(A); La. Rev. Stat. Ann. § 47:287.744.
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Maine
State website
Conformity status
Does not conform
Description
Corporate: Maine does not conform to the federal treatment of bonus depreciation. Maine requires an addback for the net increase in depreciation attributable to the deduction claimed under I.R.C. § 168(k). However, Maine offers a capital investment tax credit in an amount equal to 9% of the amount claimed for the federal bonus depreciation deduction. Me. Rev. Stat. Ann. tit. 36, § 5200-A(1)(CC), (2)(FF); Me. Rev. Stat. Ann. tit. 36, § 5219-NN(1)(A); Maine Guidance Document: Modifications Related to Bonus Depreciation & Section 179 Expensing.
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Maryland
State website
Conformity status
Does not conform
Description
Corporate: Maryland does not conform to the federal treatment of bonus depreciation. Maryland requires an addition modification for bonus depreciation taken at the federal level in computing state adjusted gross income. Md. Code Ann., Tax-Gen. § 10-210.1(b)(1); Md. Code Ann., Tax-Gen. § 10-310; Md. Code Ann., Tax-Gen. § 10-305(d)(2); Md. Comp. of the Treas., Maryland Administrative Release No. 38 (Sept. 2010); Md. Comp. of the Treas., Instructions Maryland Form 500DM: Decoupling Modification.
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Massachusetts
State website
Conformity status
Does not conform
Description
Corporate: Massachusetts does not conform to the federal treatment of bonus depreciation and disallows a deduction for bonus depreciation. Massachusetts requires an addition modification for any bonus depreciation taken at the federal level. Mass. Gen. L. ch. 63, § 30(4)(iv); Massachusetts Technical Information Release TIR 02-11 (Aug. 1, 2002); Massachusetts Technical Information Release TIR 03-25 (April 29, 2004).
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Michigan
State website
Conformity status
Does not conform
Description
Corporate: Michigan does not conform to the federal treatment of bonus depreciation. Michigan requires an addition to federal taxable income for any bonus depreciation deducted under I.R.C. §§ 168(k) at the federal level. Mich. Comp. Laws § 206.607(1).
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Minnesota
State website
Conformity status
Does not conform
Description
Corporate: Minnesota does not conform to the federal treatment of bonus depreciation and requires an addition modification to federal taxable income of 80% of bonus depreciation taken at the federal level in computing state taxable income. The amount added back may then be subtracted in five equal installments over the next five tax years. Minn. Stat. § 290.0133(11); Minn. Stat. § 290.0134(13).
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Mississippi
State website
Conformity status
Conforms
Description
Corporate: Mississippi conforms to the federal treatment of bonus depreciation. Mississippi allows a 100 percent deduction for bonus depreciation. However, Mississippi also permits taxpayers to elect to depreciate the expenditure in accordance with I.R.C. § 168. Miss. Code Ann. § 27-7-17(1)(f); Miss. Regs. § 35.III.05.04.100 et seq.; Mississippi Notice 80-23-003 (Oct. 20, 2023); Mississippi Form 83-100: Instructions to Corporate Income and Franchise Tax Return.
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Missouri
State website
Conformity status
Partial conformity
Description
Corporate: Missouri conforms to the federal treatment of bonus depreciation, except that bonus depreciation is not allowed for property purchased on or after July 1, 2002 and prior to July 1, 2003. Mo. Rev. Stat. § 143.431(2); Mo. Rev. Stat. § 143.121(2)(3); CITN MO 5.3.1.2.
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Montana
State website
Conformity status
Conforms
Description
Corporate: Montana conforms to the federal treatment of bonus depreciation. Mont. Code Ann. § 15-31-113; Mont. Code Ann. § 15-31-114; Mont. Code Ann. § 15-31-114(1)(b)(i).
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Nebraska
State website
Conformity status
Conforms
Description
Corporate: Nebraska conforms to the federal treatment of bonus depreciation. However, for tax years beginning on or after Jan. 1, 2025 (notwithstanding any changes to federal law related to the depreciation of property beginning Jan. 1, 2023 or any other date), the costs of expenditures for business assets that are qualified property or qualified improvement property covered under I.R.C. § 168 are eligible for “full expensing” and may be deducted as an expense incurred by the taxpayer during the tax year during which the property is placed in service. If the taxpayer does not fully expense such costs in the tax year in which the property is placed in service, the taxpayer may elect to depreciate the costs over a five-year irrevocable term. Neb. Rev. Stat. § 77-2714; Neb. Rev. Stat. § 77-2716(9); Neb. Rev. Stat. § 77-27,242(2), as added by 2024 Neb. L.B. 1023, effective July 19, 2024, and applicable for tax years beginning on or after Jan. 1, 2025.
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Nevada
State website
Conformity status
Nevada does not impose a corporate income tax.
Description
Corporate: Nevada does not impose a corporate income tax.
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
New Hampshire
State website
Conformity status
Does not conform
Description
Corporate: New Hampshire does not conform to the federal treatment of bonus depreciation. New Hampshire requires an addition modification for any bonus depreciation taken at the federal level. N.H. Rev. Stat. Ann. § 77-A:3-b; N.H. Rev. Stat. Ann. § 77-A:1(XX)(o).
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New Jersey
State website
Conformity status
Does not conform
Description
Corporate: New Jersey does not conform to the federal bonus depreciation deduction. New Jersey requires an addition to net income for any bonus depreciation amounts. N.J. Rev. Stat. § 54:10A-4(k)(12); N.J. Admin. Code tit. 18, § 7-5.2(a)(2)(iv); New Jersey Form CBT-100: Instructions for Corporation Business Tax Return.
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
New Mexico
State website
Conformity status
Conforms
Description
Corporate: New Mexico conforms to the federal treatment of bonus depreciation. N.M. Stat. Ann. § 7-2A-2(C); but see 2026 N.M. S.B. 151, effective May 20, 2026 (decoupling from 168(k) and creating an addition modification for amounts in excess of the deduction amount permitted by I.R.C. §§ 168(a) through (j)).
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
New York
State website
Conformity status
Does not conform
Description
Corporate: New York does not conform to the federal treatment of bonus depreciation. New York requires an addition modification for any bonus depreciation taken at the federal level. However, New York allows for bonus depreciation of qualified resurgence zone property and qualified New York Liberty Zone property. N.Y. Tax Law § 208(9)(b)(17); N.Y. Tax Law § 208(9)(q).
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New York City
City website
Conformity status
Does not conform
Description
Corporate: New York City does not conform to the federal treatment of bonus depreciation. New York City requires an addback to federal taxable income for any bonus depreciation taken at the federal level. However, New York City allows for bonus depreciation of qualified resurgence zone property and qualified New York Liberty Zone property. N.Y.C. Admin. Code § 11-641(b)(13); CITN NYC 5.3.1.2.
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
North Carolina
State website
Conformity status
Does not conform
Description
Corporate: North Carolina does not conform to the federal treatment of bonus depreciation and requires taxpayers to add back 85% of the bonus depreciation taken at the federal level, which then may be deducted on the state level over a five-year period. N.C. Gen. Stat. § 105-130.5(a)(24); N.C. Gen. Stat. § 105-130.5B.
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
North Dakota
State website
Conformity status
Conforms
Description
Corporate: North Dakota conforms to the federal treatment of bonus depreciation. N.D. Cent. Code § 57-38-01(5)(c); N.D. Cent. Code § 57-38-01(13); N.D. Cent. Code § 57-38-01.1; N.D. Cent. Code § 57-38-01.3(1).
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Ohio
State website
Conformity status
Does not conform
Description
Corporate: Ohio does not conform to the federal treatment of bonus depreciation. Ohio imposes a Commercial Activity Tax based on gross receipts in lieu of a corporate income or franchise tax. Ohio Rev. Code Ann. § 5751.02; Ohio Rev. Code Ann. § 5751.01(F).
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Oklahoma
State website
Conformity status
Conforms
Description
Corporate: Oklahoma conforms to the federal treatment of bonus depreciation. Okla. Stat. Ann. tit. 68, § 2358.6A(B); Okla. Stat. Ann. tit. 68, § 2353(3); Okla. Stat. Ann. tit. 68, § 2353(10) Okla. Admin. Code § 710:50-15-69.1.
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Oregon
State website
Conformity status
Conforms
Description
Corporate: Oregon conforms to the federal treatment of bonus depreciation. Or. Rev. Stat. § 317.301(2); Or. Rev. Stat. § 317.010(8), (9).
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Pennsylvania
State website
Conformity status
Does not conform
Description
Corporate: Pennsylvania does not conform to the federal treatment of bonus depreciation and requires companies to calculate depreciation under the modified accelerated cost recovery system. 72 Pa. Stat. § 7401(3)(1)(r)(2), (3)(1)(q); Pennsylvania Corporate Tax Bulletin No. CT 2018-03 (July 6, 2018).
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Rhode Island
State website
Conformity status
Does not conform
Description
Corporate: Rhode Island does not conform to the federal treatment of bonus depreciation and requires an additional modification for bonus depreciation taken at federal level. R.I. Gen. Laws § 44-61-1.
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
South Carolina
State website
Conformity status
Does not conform
Description
Corporate: South Carolina does not conform to the federal treatment of bonus depreciation. South Carolina requires an addition modification for any bonus depreciation taken at the federal level. S.C. Code Ann. § 12-6-50(4).
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
South Dakota
State website
Conformity status
South Dakota does not impose a corporate income tax.
Description
Corporate: South Dakota does not impose a corporate income tax.
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Tennessee
State website
Conformity status
Does not conform
Description
Corporate: Tennessee does not conform to the federal treatment of bonus depreciation. Tennessee requires an addition modification for any bonus depreciation taken at the federal level. Tenn. Code Ann. § 67-4-2006(a)(12), (b)(1)(H), Tennessee Franchise and Excise Tax Manual.
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Texas
State website
Conformity status
Conforms
Description
Corporate: Texas conforms to the federal treatment of bonus depreciation. Tex. Tax Code Ann. § 171.1012(c)(6); Tex. Tax Code Ann. § 171.1012(h); Texas Comptroller’s Memo No. 202512012M (December 19, 2025).
Planning Point: On Dec. 19, 2025, Texas released guidance on a policy change regarding conformity to the Internal Revenue Code (I.R.C.). Historically, Texas has required a taxable entity to use the I.R.C. in effect Jan. 1, 2007, to compute amounts taken from the applicable federal tax return. However, beginning with the 2026 franchise tax report, a taxable entity will determine amounts taken from their federal tax return using the I.R.C. in effect for the current tax year, unless the applicable statute or rule references the I.R.C.. Where the statute or rule references the I.R.C., the I.R.C. in effect Jan. 1, 2007, applies to the computation.
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Utah
State website
Conformity status
Conforms
Description
Corporate: Utah conforms to the federal treatment of bonus depreciation. Utah Code Ann. § 59-7-101(22); Utah Admin. Code § R865-6F-14(2).
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Vermont
State website
Conformity status
Does not conform
Description
Corporate: Vermont does not conform to the federal treatment of bonus depreciation and disallows a deduction for bonus depreciation. Vermont requires an addition modification for any bonus depreciation taken at the federal level. Vt. Stat. Ann. tit. 32, § 5811(18); Vermont Dept. of Taxes, Tax Cuts and Jobs Act (TCJA) Conformity.
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Virginia
State website
Conformity status
Does not conform
Description
Corporate: Virginia does not conform to the federal treatment of bonus depreciation under I.R.C. § 168(k) and requires an addition to federal taxable income for any bonus depreciation taken at the federal level. Va. Code Ann. § 58.1-301(B)(1).
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Washington
State website
Conformity status
Washington does not impose a corporate income tax.
Description
Corporate: Washington does not impose a corporate income tax.
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
West Virginia
State website
Conformity status
Conforms
Description
Corporate: West Virginia conforms to the federal treatment of bonus depreciation. W. Va. Code § 11-24-2; W. Va. Code § 11-24-3(a); W. Va. Code § 11-24-3a; W. Va. Code § 11-24-6.
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Wisconsin
State website
Conformity status
Does not conform
Description
Corporate: Wisconsin does not conform to the federal treatment of bonus depreciation. Wisconsin requires an addition modification for any bonus depreciation taken at the federal level. Wis. Stat. § 71.26(3)(y); Wis. Stat. § 71.01(7r)(a); Wis. Stat. § 71.98(3); Wisconsin Adoption of I.R.C. Provisions in the Federal Tax Cuts and Jobs Act (April 27, 2018).
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]
Wyoming
State website
Conformity status
Wyoming does not impose a corporate income tax.
Description
Corporate: Wyoming does not impose a corporate income tax.
[Download the full list of state charts to easily compare how they each conform to federal treatment of bonus depreciation.]