Tax Reform, Regulatory Reform, Tax Liability

Timing is Everything for QSBS After the One Big Beautiful Bill Act

Hanson Bridgett on 7/10/2025

The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, establishes new phased-in benefits for Qualified Small Business Stock (QSBS) held for at least three years. ...more

Corporate Tax Changes In Illinois FY 2026 Budget Package

McGuireWoods Consulting on 6/12/2025

The 2025 regular session of the Illinois General Assembly adjourned on June 1, 2025. The General Assembly passed a fiscal year (FY) 2026 budget package which includes corporate tax changes that will significantly impact...more

Duty-Free: The New UK Single Tax on Securities

Ropes & Gray LLP on 5/1/2025

The replacement of the UK’s paper-based stamp duty (SD), and its electronic cousin stamp duty reserve tax (SDRT), with a unified and modernised single tax on securities transactions re-emerged this week as a Government...more

How Will the Cannabis World Look When Marijuana Is Rescheduled?

Bradley Arant Boult Cummings LLP on 1/14/2025

A few weeks ago, someone at a holiday party asked “Whitt, why doesn’t Budding Trends take on the weighty legal issues of the day and instead resort to cheap pop culture references and puns?” I thought about responding with a...more

San Francisco Commercial Rents Tax – San Francisco Passes Ordinance to Refund Taxpayer $1.8 Million Overpayment

Coblentz Patch Duffy & Bass on 11/17/2023

In 2018, San Francisco voters passed the Early Care and Education Commercial Rents Tax (“Commercial Rents Tax”), which became effective as of January 1, 2019. The Commercial Rents Tax generally imposes a 3.5% surtax on...more

$1.7 Trillion Spending Bill Drops the Hammer on Conservation Easements

Polsinelli on 1/12/2023

Only months after the U.S. Tax Court and the 6th Circuit Court of Appeals ruled that the IRS failed to adhere to the Administrative Procedures Act when it promulgated Notice 2017-10 and designated most Syndicated Conservation...more