While many capital intensive companies have been hoping for a tax law change that would allow for the immediate expensing of capital expenditures, that possibility may not have a likely chance of becoming reality.  

While changes to the existing law may result in some incremental impacts, the ability to expense all costs immediately looks less certain.  Companies should plan accordingly if the depreciation rules do not change much. At the same time, tax rates could decline and businesses should consider conducting a cost segregation analysis sooner rather than later to prepare accordingly.