The business tax provisions of the One Big Beautiful Bill Act (OBBBA), as signed by the president on July 4, reflect sweeping changes aimed at incentivizing small businesses, domestic investment, and manufacturing. Outlined...more
7/9/2025
/ Bonus Depreciation ,
Business Assets ,
Business Losses ,
Business Taxes ,
EBITDA ,
Estate Tax ,
Gift Tax ,
LIHTC ,
New Legislation ,
One Big Beautiful Bill Act ,
Opportunity Zones ,
Partnerships ,
Qualified Opportunity Funds ,
Research and Experiment Tax Credit ,
SALT ,
Small Business ,
Tax Credits ,
Tax Deductions ,
Tax Incentives ,
Tax Reform
As part of its 2025 Budget Reconciliation and Financing Act, Maryland is introducing a 3% sales and use tax on a broad range of information technology (IT) services, effective July 1, 2025. This “tech tax” is designed to...more
7/2/2025
/ Budget Reconciliation ,
Compliance ,
Digital Service Providers ,
Government Agencies ,
Information Technology ,
Maryland ,
NAICS ,
New Legislation ,
Sales Tax ,
Software ,
Tax Liability ,
Taxation ,
Technology Sector