With the tie-breaking vote cast by Vice President Vance on July 1, 2025, the Senate approved an amended version of H.R. 1, originally titled the “One Big Beautiful Bill Act,” which was previously approved by the House of...more
7/8/2025
/ Clean Energy ,
Corporate Taxes ,
Energy Tax Incentives ,
Federal Budget ,
Federal Funding ,
Investment Tax Credits ,
Legislative Agendas ,
New Legislation ,
Real Estate Investments ,
REIT ,
Tax Deductions ,
Tax Incentives ,
Tax Reform
On June 16, 2025, the U.S. Senate Finance Committee released its version (the “Senate Bill”) of the “One Big Beautiful Bill Act” passed by the U.S. House of Representatives on May 22, 2025 (the "House Bill”). This alert...more
On June 9, 2025, Sullivan & Worcester submitted a comment letter to the Internal Revenue Service (IRS) in response to Notice 2025-6, which requests public input on the possible expansion of the cloud transaction framework...more
6/13/2025
/ Internal Revenue Code (IRC) ,
IRS ,
New Guidance ,
Proposed Rules ,
Real Estate Investments ,
Regulatory Agencies ,
REIT ,
Statutory Interpretation ,
Tax Liability ,
Tax Planning ,
Treasury Regulations
The U.S. House of Representatives, by a one-vote margin, passed the “One Big Beautiful Bill Act” (the “House Bill”) early in the morning on May 22, 2025. The House Bill has yet to be considered by the U.S. Senate and will...more
5/29/2025
/ Business Taxes ,
Commercial Real Estate Market ,
Corporate Taxes ,
EBITDA ,
Energy Sector ,
Federal Budget ,
Foreign Tax ,
Income Taxes ,
New Legislation ,
Proposed Legislation ,
REIT ,
Tax Credits ,
Tax Deductions ,
Tax Reform