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Proposed Legislation Trump Administration Tax Credits

Brownstein Hyatt Farber Schreck

Taxation & Representation, June 2025

House Passes Reconciliation Package, with Senate Expected to Make Changes: On May 22, the House of Representatives passed H.R. 1, “The One, Big, Beautiful Bill Act,” legislation authorized under the FY 2025 concurrent budget...more

Mintz - Energy & Sustainability Viewpoints

Energy & Sustainability Washington Update — July 2025

This month’s update brings a flurry of activity in energy-related policy, but the final outcomes will not be known until later in July, or even August. After the House narrowly passed their reconciliation bill in May, the...more

Pillsbury Winthrop Shaw Pittman LLP

Senate Draft Tax Bill Expands CHIPS Act Investment Tax Credit

Proposed legislation would increase the Advanced Manufacturing Investment Tax Credit from 25% to 30% for projects started by the end of 2026. Substantial differences between House and Senate versions of the tax package will...more

Foley Hoag LLP - Energy & Climate Counsel

EV Roundup - June 2025

The EV industry continues to face federal regulatory and political uncertainty and now, the clock is ticking on the Inflation Reduction Act’s electric vehicle (EV) tax credits and incentives. The recently proposed House and...more

Cadwalader, Wickersham & Taft LLP

Senate and House Seek Common Ground on Tax Bills

On June 16, 2025, the Senate Finance Committee released its draft FY 2025 budget bill, which generally incorporates most of the House’s tax proposals, which we previously summarized here, but also differs in various aspects. ...more

Greenbaum, Rowe, Smith & Davis LLP

Latest Draft of One Big Beautiful Bill Signals Broad-Based Impacts to Alternative and Clean Energy Initiatives

On June 16, 2025, the United States Senate Committee on Finance released a reconciliation bill draft of the One Big Beautiful Bill Act, H.R. 1 – 119th Congress (2025-2026), following its passage in the House of...more

Amundsen Davis LLC

No Tax on Tips—But What About Overtime and Social Security?

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Earlier this year, many low-income taxpayers were elated to learn about the possibility that tipped wages could receive federal income tax relief under the No Tax On Tips Act. Under President Trump’s “One, Big Beautiful...more

Alston & Bird

Look Ahead to the Week of June 16, 2025: Short Week for Senate Ahead of Juneteenth

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The Senate is in session through Wednesday, while the House is out for the week in anticipation of the Juneteenth holiday. Senate Republicans continue to work on revising the House-passed reconciliation package (H.R. 1)....more

Alston & Bird

Look Ahead to the Week of June 9, 2025: Congressional Leaders Stick to July 4 Reconciliation Deadline

Alston & Bird on

Both chambers are in session this week. Senate Republicans will continue to revise the House-passed reconciliation package. Disagreements remain over the overall size of the package as well as a host of outstanding issues...more

Troutman Pepper Locke

The One Big Beautiful Bill: Initial Analysis of Key Provisions for the Real Estate Industry

Troutman Pepper Locke on

On May 22, 2025, the House of Representatives passed H.R. 1, the budget reconciliation bill known as the One Big Beautiful Bill Act (the Tax Bill). The Tax Bill proposes amendments to the Internal Revenue Code (the Code) that...more

Steptoe & Johnson PLLC

Tax Reform is Underway

Steptoe & Johnson PLLC on

Will America celebrate the Fourth of July with the passage of major tax reform? On May 22, House Republicans passed the “One Big Beautiful Bill Act” under the budget reconciliation process. This marks a significant milestone...more

Freeman Law

“One Beautiful Bill Act” | Tax-Related Provisions

Freeman Law on

President Donald Trump’s “One Big Beautiful Bill Act” recently passed the House. Below are some, but not all, of the tax-related provisions included in the bill. It is worth noting that many of the items below are temporary...more

Wilson Sonsini Goodrich & Rosati

The One Big Beautiful Bill: Tax Provisions Impacting the Energy and Climate Solutions Sector

On May 22, 2025, the U.S. House of Representatives approved H.R. 1, also known as the “One Big Beautiful Bill Act” (the House Bill).1 The House Bill will next be considered by the U.S. Senate, and the administration has set a...more

White & Case LLP

Amendments to IRA Tax Credits in the House Budget Bill

White & Case LLP on

On May 22, 2025, the House of Representatives passed (by a vote of 215-214-1) its version of the budget reconciliation bill (H.R. 1, the "One Big Beautiful Bill Act") containing numerous tax reform provisions. Below are our...more

Snell & Wilmer

House Bill Offers New Tax-Favored Savings Account

Snell & Wilmer on

By Matthew P. Chiarello On May 22, 2025, the U.S. House of Representatives passed the “One Big Beautiful Bill Act” (the Act), a sweeping piece of legislation backed by President Trump. Among its many provisions is the...more

McDermott Will & Schulte

“Big, Beautiful Bill”: Federal Tax Bill Would Restrict the Employee Retention Credit

A sweeping federal tax bill that is currently under consideration in the US House of Representatives contains provisions that would significantly change the administration and enforcement of the Employee Retention Credit...more

Alston & Bird

Look Ahead to the Week of May 19, 2025: The ‘One Big, Beautiful Bill’ Inches Forward

Alston & Bird on

Both chambers are in session this week. Late Sunday night, House Republicans successfully advanced their reconciliation proposal through the Budget Committee, following Friday’s failed vote when conservative members...more

Mintz - Tax Viewpoints

Tax Reform 2.0 — The One, Big, Beautiful Bill

Mintz - Tax Viewpoints on

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

Foley Hoag LLP - Energy & Climate Counsel

EV Roundup - March 2025

The electric vehicle (EV) industry is facing a mix of challenges and opportunities as the Trump Administration’s recent policies and tariff announcements take effect in the market. In its first three months, the Trump...more

Cadwalader, Wickersham & Taft LLP

Trump Calls on Congress to Pass Tax Cuts

In his March 4th congressional address, President Trump called on Congress to pass “tax cuts for everybody,” including specific tax proposals that he campaigned on or otherwise proposed while in office, as discussed here and...more

Akerman LLP - HR Defense

Paid Sick Leave and Other Relief Coming for Employees Affected by COVID-19

Employers with fewer than 500 employees will be required to provide up to 80 hours of paid sick leave for certain employees impacted by the coronavirus (COVID-19) and will receive a tax credit in return under an emergency...more

Skadden, Arps, Slate, Meagher & Flom LLP

New Legislation Will Benefit Business Development Companies While Closed-End Funds Remain in Limbo

On March 23, 2018, President Donald Trump signed the Consolidated Appropriations Act of 2018 into law. This legislation includes the Small Business Credit Availability Act (SBCA), which contains numerous changes to...more

Mayer Brown

House Passes Tax Reform & the Impact of Tax Reform on the Renewable Energy Market

Mayer Brown on

Yesterday, the House voted 227 to 303 in favor of the tax reform bill agreed to by the conference committee. No Democrats voted for the House bill, and 12 Republicans from high tax states voted against it. The Senate was...more

Holland & Knight LLP

Congress Releases Revised Conference Bill on Tax Reform - A Look at How It Compares with Earlier House and Senate Bills

Holland & Knight LLP on

Congress released the "Tax Cuts and Jobs Act" on late Friday evening, Dec. 15, 2017. This version of the bill is the result of a conference committee process to marry the different bills previously passed by the U.S. House of...more

Hogan Lovells

U.S. Tax Reform in Final Stretch

Hogan Lovells on

This past week, on 1 December, the Senate voted 51-49 to advance its version of U.S. tax reform legislation. This sets the stage for a conference committee process to occur over the next two weeks, in which the Senate and...more

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