On May 12, the Republican majority leadership in the House of Representatives released for consideration its tax and spending reconciliation legislation, called the “One Big, Beautiful Bill” (the “Bill”). This major piece of...more
5/19/2025
/ Corporate Taxes ,
Employee Benefits ,
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Foreign Derived Intangible Income (FDII) ,
GILTI tax ,
HSA ,
Income Taxes ,
International Tax Issues ,
Nonprofits ,
Proposed Legislation ,
SALT ,
Tax Credits ,
Tax Cuts and Jobs Act ,
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Tax Reform ,
Wealth Management
The Massachusetts legislature, overriding Governor Baker’s prior veto, has voted to enact a new elective pass-through entity (“PTE”) tax designed as a way for PTE owners to get out from under the $10,000 cap ($5,000 for...more