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 ,
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Tax Liability ,
Tax Planning ,
Treasury Regulations