BNN Insights
Tax implications of the OBBBA
Our team of tax specialists are monitoring news and developments from the One Big Beautiful Bill Act to keep our clients and friends informed. Stay up-to-date on our ongoing coverage of the Bill and how it will impact individuals and businesses.
Significant New Tax Legislation Becomes Law
On July 4, 2025, President Trump signed into law one of the most wide-reaching and controversial pieces of tax legislation in recent history. It brings to fruition several of Trump’s campaign promises and extends many otherwise expiring provisions of 2017’s Tax Cuts and Jobs Act (“TCJA”), passed during his first term in office, which itself was one of the biggest tax law changes seen in decades.
Index to deeper-dive articles
Meet our authors
Connor Smart
Coverage of the One Big Beautiful Bill from our tax team
Read more about The Big Beautiful Bill and Its Impact on Meal Expenses and Section 274(O)
The Big Beautiful Bill and Its Impact on Meal Expenses and Section 274(O)
Read more about The Big Beautiful Bill and Its Impact on Meal Expenses and Section 274(O)Read more about Key Guidance for R&E Expenditures under the OBBBA
Key Guidance for R&E Expenditures under the OBBBA
Read more about Key Guidance for R&E Expenditures under the OBBBARead more about Qualified Opportunity Zone Enhancements and Expansion
Qualified Opportunity Zone Enhancements and Expansion
Read more about Qualified Opportunity Zone Enhancements and ExpansionRead more about Compensation and Benefit Provisions of the Big Beautiful Bill Act
Compensation and Benefit Provisions of the Big Beautiful Bill Act
Read more about Compensation and Benefit Provisions of the Big Beautiful Bill ActRead more about The End of the Green Energy Era?
The End of the Green Energy Era?
Read more about The End of the Green Energy Era?Read more about Significant Changes to Individual Taxation
Significant Changes to Individual Taxation
Read more about Significant Changes to Individual TaxationRead more about The Big Beautiful Bill is Now a Little Less Ugly to Nonprofits
The Big Beautiful Bill is Now a Little Less Ugly to Nonprofits
Read more about The Big Beautiful Bill is Now a Little Less Ugly to NonprofitsRead more about A Beautiful Boost: Qualified Small Business Stock Benefits
A Beautiful Boost: Qualified Small Business Stock Benefits
Read more about A Beautiful Boost: Qualified Small Business Stock BenefitsRead more about Business Tax Provisions of the OBBBA
Business Tax Provisions of the OBBBA
Read more about Business Tax Provisions of the OBBBARead more about Section 174 Research Costs Overhauled
Section 174 Research Costs Overhauled
Read more about Section 174 Research Costs OverhauledRead more about The “Big Beautiful Bill” Makes (Some) Progress in the Senate
The “Big Beautiful Bill” Makes (Some) Progress in the Senate
Read more about The “Big Beautiful Bill” Makes (Some) Progress in the SenateRead more about A Big Beautiful Bill That’s Pretty Ugly for Tax-Exempt Entities
A Big Beautiful Bill That’s Pretty Ugly for Tax-Exempt Entities
Read more about A Big Beautiful Bill That’s Pretty Ugly for Tax-Exempt EntitiesRead more about Tax Bill Passes House, Next Stop the Senate