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.

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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.

Read the full summary of the bill

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