Tax Legislation, Tax Cuts and Jobs Act, Proposed Legislation

Proposed Tax Legislation Would Permit Immediate Deduction of Domestic R&E Expenditures for Limited Period

Cooley LLP on 6/5/2025

On May 22, 2025, the US House of Representatives passed the “One Big Beautiful Bill Act” (OBBBA), which includes a temporary suspension of the amortization requirement for domestic research and experimentation (R&E)...more

Summary of key provisions in House reconciliation bill

A&O Shearman on 5/29/2025

On May 22, 2025, the U.S. House of Representatives narrowly passed the House budget reconciliation bill (H.R. 1) (the “House Bill”) by a party-line vote of 215 – 214. The House Bill, which includes significant tax law...more

Tax Bill Proposes Trillions in Tax Cuts and Significant Tax Increases

BakerHostetler on 5/15/2025

The race to remake portions of the Internal Revenue Code (Code) and to prevent expiration of certain Tax Cuts and Jobs Act (TCJA) provisions has begun, with House Ways & Means Committee proposals (the Markup) to spend...more

Open Sesame: Budget Resolution Clears the Way for Tax Cuts

Cadwalader, Wickersham & Taft LLP on 4/29/2025

On April 5th and April 10th, respectively, the Senate and House approved the FY25 budget resolution, thereby opening the budget reconciliation process and paving the way to enact President Trump’s various tax proposals,...more

Impact of House Ways and Means Tax Proposals for International Operations

Bowditch & Dewey on 10/4/2021

In this final blog post on the House Ways and Means Tax Bill, we address the international tax proposals in the Bill, JCX-43-21. The international tax proposals are fewer in number than the domestic and transfer tax...more

U.S. Tax Legislation Alert: Wyden Bill Proposes…

Fenwick & West LLP on 9/10/2021

Last month, Senate Finance Committee Chair Ron Wyden of Oregon and fellow Finance Committee Democrats Sherrod Brown of Ohio and Mark Warner of Virginia released a draft proposed overhaul of the international tax regime (the...more