Incentives, credits tax provisions contained in US tax bill

The immediate objective of the US Senate is to produce a bill that can be approved by that chamber, writes John Gimigliano.

The Trump Administration's 'One Big Beautiful Bill Act' budget reconciliation legislation passed the United States (US) House of Representatives shortly before adjourning for the Congressional Memorial Day recess. It did not do so, however, without some last-minute changes, including changes to the tax title reported earlier in the week by the Ways and Means Committee. Those changes were needed to garner the last few votes needed to pass the legislation by the narrowest of party-line margins,...

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Authors: John Gimigliano

Published Date: 28 May 2025