Webinar: A Closer Look at the Business Tax Provisions in the One Big Beautiful Bill

On July 4, 2025, President Trump signed the One Big Beautiful Bill into law. This landmark legislation extends the Tax Cuts and Jobs Act’s provisions that were set to expire and makes many of them permanent. It also establishes a wide range of new provisions designed to provide tax-savings opportunities to businesses and individuals alike.

In this educational session, we covered the key business tax provisions in the final version of the bill, particularly those that we believe are most likely to impact privately-held companies and their owners.

Agenda items included:

• Permanent extensions of major TCJA provisions, including bonus depreciation, excess business loss limitations, R&D expense capitalization, and interest limitation rules
• Changes to the Section 179 expense limits
• Updates on the 20% qualified business income deduction for pass-through entities
• Updates to the much-debated SALT deduction, particularly its impact on pass-through entities
• Introduction of a new depreciation allowance for newly constructed qualified production property
• Repeals or phaseouts of certain clean energy tax credits

Watch the Rebroadcast: