"One Big Beautiful Bill" Act Updates

Description

The Senate Finance Committee released its version of the One Big Beautiful Bill Act on June 16, 2025. Join our experts as they break down the bill and explain what’s different, what’s new, what’s out, and what’s next for the One Big Beautiful Bill Act. 

Learning Objectives:

Describe the changes to the State and Local Tax (SALT) deduction limitations and pass-through entity tax (PTET) workarounds.

Summarize the biggest individual income tax changes

Understand the business-related tax provisions, including the potential changes to bonus depreciation, IRC Sec. 174A (R&D expensing), IRC Sec. 163(j) (interest expense limitation), and IRC Sec. 1202 (qualified small business stock).

Analyze the changes to the bill from the House-passed version

Learning Outcomes: Participants will be able to:

Explain the changes to the SALT cap and PTET workarounds

Analyze major individual and business tax provisions

Identify key changes in the Senate version from the House-passed version

Understand where the bill is in the legislative process and where it goes from here

This course qualifies for 1.0 CPE credit in Taxes.