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Income Taxes
 9 Months Ended
Sep. 30, 2025
Income Taxes  
Income Taxes

Note 9.  Income Taxes

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Our effective income tax rate for the third quarters and nine months ended September 30, 2025 and 2024 was 23.3%. The difference between our effective income tax rate and the U.S. federal statutory rate of 21.0% was mainly due to state income taxes.

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On July 4, 2025, the One Big Beautiful Bill Act was enacted. The law included, among other things, 100% bonus depreciation for qualified assets and new limitation on the deductibility of charitable donations. We do not expect the law will have a significant impact on our effective tax rate. However, we anticipate the bonus depreciation will impact our deferred income taxes and decrease our income tax payments in the short term. 

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