The House of Representatives previously passed H.R. 1-119th Congress (2025-2026), titled the “One, Big, Beautiful Bill Act” (the “Act”), a budget bill that, among other things, addresses sunsetting provisions of the Tax Cuts...more
6/30/2025
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Base Erosion and Anti-Abuse Tax (BEAT) ,
Budget Reconciliation ,
Business Income ,
Child Tax Credit ,
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Excise Tax ,
GILTI tax ,
Income Taxes ,
International Tax Issues ,
New Legislation ,
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SALT ,
Senate Finance Committee ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
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Tax Reform ,
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Tipped Employees ,
U.S. Treasury
Just before the close of the 446th legislative session, the Maryland General Assembly passed and sent to Governor Moore HB 352/SB 321, the Budget Reconciliation and Financing Act of 2025 (the “BRFA”). The BRFA, which Gov....more