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.
How can tax leaders future-proof their function? Explore a practical roadmap for embracing innovation, agility and value creation in today's tax landscape
Overview of the House-passed H.R. 1, which encompasses significant tax law changes, increased funding for border security and national defense, and spending reductions affecting various federal programs.
The House of Representatives passed H.R. 1, known as the “One Big Beautiful Bill Act,” on May 22, 2025, with a narrow vote of 215 to 214.
The trade agreement between the US and China has led to a reduction in tariffs, easing tensions and paving the way for future negotiations.
The US state income tax digest highlights significant income and business tax legislation, regulatory adoptions, judicial decisions, and administrative guidance.
The US Indirect Tax Digest highlights significant sales and use tax legislative enactments, regulatory adoptions, judicial decisions, and administrative guidance.
New York Governor Kathy Hochul (D) on May 9 signed a final revenue bill, A. 3009-C, as part of the state’s FY 26 budget.
On May 12, 2025, House Ways and Means Committee Chairman Jason Smith introduced a revised tax bill comprising 389 pages for committee review.
On May 9, 2025, House Ways and Means Committee Chairman Jason Smith released an initial 28-page proposal for the FY 2025 tax bill.
PwC's Tariff Industry Analysis examines President Trump's reciprocal and current tariffs and the potential impact on the Energy, Utilities, and Resources industry.
PwC's Tariff Industry Analysis examines President Trump's reciprocal and current tariffs and the potential impact on the Private Equity industry.
