Following our prior alerts on each of the House Ways & Means Committee and Senate Finance Committee versions of the One Big Beautiful Bill Act (OBBBA), the Senate passed its version of the OBBBA on July 1, 2025, returning the...more
On July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act (OBBBA), which included revisions to Section[1] 1202 for “qualified small business stock” (QSBS) unchanged from those initially introduced in the...more
7/11/2025
/ Business Taxes ,
Capital Gains ,
Effective Date ,
Federal Funding ,
Investors ,
New Legislation ,
One Big Beautiful Bill Act ,
Qualified Small Business Stock ,
Small Business ,
Startups ,
Tax Benefits ,
Tax Deductions ,
Tax Exemptions ,
Tax Planning ,
Tax Policy ,
Tax Reform ,
Taxation ,
Trump Administration ,
Venture Capital
On June 16, 2025, the Senate Finance Committee released its own version of proposed legislation following the House’s passage of the “One Big Beautiful Bill Act” (H.R. 1). While the House bill did not introduce any changes to...more
6/27/2025
/ Capital Gains ,
Emerging Growth Companies ,
Federal Funding ,
Investment ,
Proposed Legislation ,
Securities Regulation ,
Small Business ,
Tax Benefits ,
Tax Credits ,
Tax Reform ,
Venture Capital
Following our prior alert on the House Ways & Means Committee version of the One Big Beautiful Bill Act (“OBBBA”), the House passed its version of the OBBBA (“House Bill”) on May 22, 2025, and on June 17, 2025 the Senate...more
6/27/2025
/ Clean Energy ,
Energy Tax Incentives ,
Estate Tax ,
Federal Funding ,
Foreign Tax ,
Gift Tax ,
Investment Tax Credits ,
Proposed Legislation ,
Renewable Energy ,
Senate Finance Committee ,
Tax Credits ,
Tax Planning ,
Tax Reform ,
Taxation
On May 12, 2025, the House Ways and Means Committee released the text of the proposed tax legislation titled “The One, Big, Beautiful Bill” (the “Bill”), reflecting President Trump’s and the Republican Party’s legislative...more
In May 2021, President Biden’s administration released a $6 trillion budget proposal for the coming fiscal year (Budget), including $3.6 trillion of tax increases over 10 years and generous tax credits to incentivize clean...more
10/12/2021
/ Base Erosion and Anti-Abuse Tax (BEAT) ,
Biden Administration ,
Capital Gains ,
Controlled Foreign Corporations ,
Estate Tax ,
Gift Tax ,
GILTI tax ,
Green Book ,
Income Taxes ,
International Tax Authority ,
OECD ,
Qualified Business Income ,
SALT ,
Tax Cuts and Jobs Act ,
Tax Rates ,
Tax Reform ,
Taxation ,
U.S. Treasury ,
Ways and Means Committee