Construction Industry Webinar: How the One Big Beautiful Bill Reshapes Construction Tax Planning

The newly enacted One Big Beautiful Bill (OBBB) - signed into law on July 4, 2025 - introduces sweeping tax reforms that will significantly impact the construction industry. This landmark legislation includes a dozen key provisions that affect contractors, developers, and construction-focused pass-through entities, with some changes retroactive to early 2025 and others beginning in 2026.

Advance planning is essential to optimize tax strategies and manage 2025 tax payments. In this educational webinar we provided insight into the new legislation and what construction businesses should consider now to stay ahead.

Agenda items included:

• Permanent extensions of key Tax Cuts and Jobs Act provisions such as the bonus depreciation deduction and R&D expense capitalization
• Changes to the Section 179 expense limitation
• New tax provisions, including a depreciation allowance for newly constructed qualified production property
• A look at the much-debated SALT deduction, including the impact on pass-through businesses
• Revisions to the estate and charitable contribution rules
• Green energy incentives phase-out
• Temporary above-the-line deduction for overtime compensation
• Tax relief provided to builders and developers of residential housing

Watch the Rebroadcast: