The U.S. Congress is considering legislation affecting bonus depreciation rates for real estate projects, impacting projected returns. If proposed changes pass, bonus depreciation will be 80% in 2026. Without changes, it will decrease to 20% in 2026 and phase out thereafter. Limited partners (LP) receive 75% of the project's depreciation benefits. The initial Certificates of Occupancy (COs) are anticipated at the end of 2025, thus depreciation is projected to be reflected in 2026 K1's.