________________________________________________________________________________________________________________________
the property owner as an integral part of a manufacturing process that substantially transforms tangible personal property. If a company prefers to purchase an existing facility, the building must be newly acquired by the taxpayer and can’ t have been used in a manufacturing process by anyone from Jan. 1, 2021 through May 12, 2025.
Before taking advantage of the Qualified Production Property incentives, manufacturers should conduct a thorough evaluation to ensure that the ownership of real estate and these tax incentives align with the company’ s broader business plans.
Moving beyond tax elections to business strategy
The OBBB offers meaningful opportunities for manufacturers, but unlocking its full value requires more than checking a box. With the right planning and perspective, these provisions can support smarter decisions that strengthen both near-term cash flow and long-term growth. ■
Kellie Becker www. plantemoran. com
As the leader of Plante Moran’ s national manufacturing and distribution practice, Kellie Becker leads an 800-person team serving more than 3,000 clients across several sectors, including automotive and mobility, food and beverage, plastics, metals, transportation, and logistics. Plante Moran is among the nation’ s largest audit, tax, consulting and wealth management firms and provides a full line of services to organizations in the following industries: manufacturing and distribution, financial services, service, healthcare, private equity, public sector, real estate, construction and energy.
We strongly recommend seeking independent financial, legal, and tax advice from qualified professionals, as this article is intended for informational purposes only and should not be construed as financial or legal guidance.
38