
Impact of House-passed H.R. 1 on Financial Services
The House-passed HR 1 proposes major changes for financial services, including limits on PTE tax, a higher SALT cap, and increasing US tax for certain inbound investors.
April 2025
Welcome to the State Tax Quarterly Insights. We highlight significant current state legislative, regulatory, judicial, and administrative developments that may impact your business.
The House-passed HR 1 proposes major changes for financial services, including limits on PTE tax, a higher SALT cap, and increasing US tax for certain inbound investors.
House-passed “One Big Beautiful Bill” includes significant information reporting provisions
On May 22, the House passed H.R. 1, proposing broad tax changes that could significantly impact certain tax-exempt organizations, private foundations, and universities.
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