News & Analysis as of

Tax Cuts and Jobs Act Federal Funding

Buckingham, Doolittle & Burroughs, LLC

The Big Beautiful SALT Deduction – How the increased SALT cap will impact business owners

On July 4, 2025, President Donald Trump signed the reconciliation bill, known as the “Big Beautiful Bill” (“BBB”), which covered many of his campaign promises. This reconciliation, centering upon extensions to the Tax Cuts...more

Troutman Pepper Locke

The OBBB Renews and Makes Permanent Qualified Opportunity Funds

Troutman Pepper Locke on

On July 4, 2025, President Trump signed the “One Big Beautiful Bill Act” (OBBB), H.R. 1, into law. The OBBB extended and made permanent the general qualified opportunity fund (QOF) legislative framework for investments in...more

Foley & Lardner LLP

One Big Beautiful Bill Act Permanently Increases the Lifetime Estate, Gift and GST Tax Exclusion

Foley & Lardner LLP on

On July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act (OBBBA).  The OBBBA extended and may permanent many key provisions of the 2017 Tax Cuts and Jobs Act (the TCJA), including the Lifetime Estate,...more

Farella Braun + Martel LLP

The OBBBA - What Has (and Hasn’t) Changed for Individual Income, Estate, and Gift Taxes

The One Big Beautiful Bill Act ("OBBBA”) was signed into law last week, continuing the applicability of many individual federal income, estate, and gift tax provisions from the 2017 Tax Cuts and Jobs Act (“TCJA”), and in some...more

Akin Gump Strauss Hauer & Feld LLP

Republicans Pass the One Big Beautiful Bill Act Ahead of the July 4 Deadline

On June 16, 2025, Senate Finance Committee Chairman Mike Crapo released text and a section-by-section summary of the Senate’s proposed One Big Beautiful Bill Act. The Senate passed a revised version of this measure on July 1,...more

Mintz - ML Strategies

Reconciliation Update: Latest Developments for Tax-Exempt Bonds & Public Finance and What to Expect Next

Mintz - ML Strategies on

Tax-exempt municipal bonds avoided a potential worst-case scenario of elimination in the House-passed budget reconciliation bill — the One Big Beautiful Bill Act. The recently released tax language from the Senate Finance...more

Cozen O'Connor

Cozen Currents: Democrats Struggle Over Where to Draw the Line

Cozen O'Connor on

"Democrats are struggling with how and when to resist President Donald Trump’s agenda. And it doesn’t help their cause that Trump is unifying the House GOP’s own notoriously fractious caucus.” — Howard Schweitzer, CEO, Cozen...more

Kilpatrick

Kilpatrick Federal Update – Federal Funding Terminations, Tariffs, and Tax Credits: Key Considerations and What You Can Do

Kilpatrick on

It has been just over a month since President Trump assumed office, and while the Administration's policy landscape remains dynamic, three critical areas have emerged with significant implications for businesses and...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Beltway Buzz - September 2024 #3

The Beltway Buzz is a weekly update summarizing labor and employment news from inside the Beltway and clarifying how what’s happening in Washington, D.C., could impact your business....more

BakerHostetler

Congress Faces Pre-election Budget Vote to Avoid Government Shutdown

BakerHostetler on

The presidential campaign is in full swing, but attention will turn to Capitol Hill after Labor Day as Congress has one important task to accomplish before the November elections....more

Pierce Atwood LLP

Sunset and Cloudy Skies on Horizon for Federal Estate Taxation

Pierce Atwood LLP on

Estate planning and wealth transfer professionals have their eyes on the sky as the future of federal estate taxation grows increasingly nebulous. Background - The federal gift and estate tax exemption is the amount...more

Cozen O'Connor

Cozen Currents: In Trump's Image

Cozen O'Connor on

The Cozen Lens- •Even if this year’s Republican Party platform is shorter than usual, former President Trump’s influence is evident in not only the policies it proposes, but perhaps more so in the ones it avoids. •In a...more

McDermott Will & Schulte

Policy Outlook: How The 2020 Election Outcomes Will Impact Your Business - Health Policy

In this session, health law policy authorities discussed changes likely in 2021 in a Biden Administration and how these changes will impact business objectives and strategies for health industry stakeholders...more

McDermott Will & Schulte

[Webinar] Policy Outlook: How The 2020 Election Outcomes Will Impact Your Business - November 5th, 12:00 pm - 2:15 pm EST

McDermott Will & Schulte on

Are you prepared for the critical impacts of the US election outcome to you and your business in 2021 and beyond? Join McDermott’s lawyers and our policy and lobbying team for perspective on the effects of administration...more

Skadden, Arps, Slate, Meagher & Flom LLP

Financial Relief Under the CARES Act for US-Incorporated Subsidiaries of Foreign Companies

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act, or Act) was signed into law. The Act provides much-needed financial relief to businesses in the United States. While most of the aid is...more

Proskauer - Not for Profit/Exempt...

IRS Provides Guidance on Unrelated Business Income Tax Refunds

On Friday, December 20, 2019, President Trump signed into law government funding legislation for the 2020 fiscal year that includes a provision repealing Section 512(a)(7), commonly referred to as the “parking tax,” with...more

Eversheds Sutherland (US) LLP

Full stop - Funding bill repeals Cadillac Tax and includes other provisions impacting group health plans

On December 20, President Trump signed the Further Consolidated Appropriations Act, 2020 (the “Act”), a year-end spending bill that includes key provisions that will affect employer-sponsored benefit plans. This legal alert...more

Hogan Lovells

Congress passes FY 2020 funding bill with tax benefits for energy, health care, and retirement plans

Hogan Lovells on

In a rare display of bipartisanship, after intense last minute negotiations between congressional leadership and the Executive Branch, President Donald Trump signed into law legislation passed last week by Congress to...more

Brownstein Hyatt Farber Schreck

Year-End Spending Bill Includes Tax Extenders, Disaster Tax Relief

Just past midnight on Dec. 17, lawmakers released an amendment to one of two spending bills released on Dec. 16—H.R. 1865—the Further Consolidated Appropriations Act of 2020. Most notably, the amendment included an extension...more

Akin Gump Strauss Hauer & Feld LLP

What's New in Washington - September 2019

Congress returns to D.C. this week for a short three-week sprint to a series of important deadlines on September 30. Chief among them is funding the federal government for Fiscal Year (FY) 2020 which begins on October 1,...more

Brownstein Hyatt Farber Schreck

Taxation & Representation - March 2019 #2

IN THIS ISSUE - Tax Tidbit - - What’s the Magic Number? - Budget Fudgeit Legislative Lowdown - - Without Much Further Ado - Olson Farewell Tour -...more

Brownstein Hyatt Farber Schreck

Taxation & Representation - March 2019

IN THIS ISSUE - - Tax Tidbit - Meet Sen. Maggie Hassan (D-NH) - Meet the Chiefs - IRS Chief Counsel Michael Desmond - Deputy Treasury Secretary Justin Muzinich - IRS Commissioner Charles Rettig Legislative...more

BakerHostetler

The Weekly Hill Update

BakerHostetler on

Below is the Federal Policy team’s weekly preview, published each week when Congress is in session. HEADLINES - Negotiations over border security legislation have stalled, casting doubt on government funding beyond this...more

Brownstein Hyatt Farber Schreck

Taxation & Representation, January, 2019 #2

TAX TIDBIT - Welcome back to the second week of the 116th Congress, where the stalemate between Speaker Nancy Pelosi and President Donald Trump seems to grow with every passing day as the government remains closed. Several...more

Pillsbury Winthrop Shaw Pittman LLP

Impacts of the Omnibus Spending Plan on the Affordable Housing Industry

Trump’s Omnibus Spending Plan adopts two key provisions from the proposed Affordable Housing Credit Improvement Act that will strengthen and expand low-income housing credit. 2018 spending plan increases housing credit...more

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