I've been researching tax incentives like Section 179 and bonus depreciation, and I've noticed that some states without income tax such as Texas may have their own regulations for these deductions. I'm curious to understand why these states would choose not to conform to or set a limit to Section 179 or bonus depreciation, despite their widespread use and popularity. I don't understand why the state's conformity decision would impact the tax revenue they receive. Can anyone provide any insight or information on this topic? Thank you in advance.
