
Key HR 1 changes for family offices, businesses and individuals
H.R. 1, makes key tax changes, including making certain TCJA provisions permanent, significantly impacting high net worth individuals, family offices, and family businesses.
Welcome to the State Tax Quarterly Insights. We highlight significant current state legislative, regulatory, judicial, and administrative developments that may impact your business.
H.R. 1, makes key tax changes, including making certain TCJA provisions permanent, significantly impacting high net worth individuals, family offices, and family businesses.
President Trump signed H.R.1, the One Big Beautiful Bill Act, into law on July 4, 2025. The Act permanently extends various international provisions as part of TCJA.
This Insight discusses some of the major business tax changes and the initial state income tax considerations with enactment of H.R. 1, the “One Big Beautiful Bill Act."
Recently passed and signed OBBA permanently extends the opportunity zone program with certain modifications and enhancements.