11 June 2025

Collection of Tax Alerts on House-passed reconciliation bill

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General
05.22.2025House approves Republican budget reconciliation bill (2025-1111)
05.21.2025House reconciliation manager's amendment makes tax changes (2025-1113)
05.12.2025Ways and Means tax amendment precedes markup (2025-1049)
05.10.2025Ways and Means Sets Reconciliation Markup with Preliminary Bill (2025-9004)
05.02.2025House Financial Services approves $1 billion in budget reconciliation savings targeting PCAOB, Consumer Bureau (2025-0976)
Accounting Methods & Inventories
06.05.2025Tax reconciliation bill passed by the House would expand and make permanent the qualified business income deduction (IRC Section 199A) (2025-1205)
05.21.2025Tax reconciliation bill passed by Ways and Means would significantly affect cost recovery and accounting method provisions (2025-1110)
Compensation & Benefits
05.22.2025House-passed tax bill contains provisions affecting compensation and benefits, including eliminating taxes on tips and overtime (2025-1120)
Credits & Incentives
05.16.2025House Ways and Means Committee's tax reconciliation bill proposes modifications to low-income housing credit (2025-1074)
05.15.2025Proposed tax bill would phase out or repeal many energy credits in Inflation Reduction Act (2025-1069)
05.16.2025Tax reconciliation bill passed by House Ways & Means Committee would affect tax incentives and rules for Opportunity Zones (2025-1068)
Exempt Organizations & Government Entities
05.22.2025House reconciliation bill would modify provisions affecting tax-exempt entities (2025-1126)
Financial Services
06.03.2025House-passed HR 1 contains new information reporting and withholding provisions (2025-1187)
06.02.2025 Proposed IRC Section 899 would affect certain asset management entities (2025-1172)
05.22.2025House-passed tax bill changes proposed excise tax for remittance transfers to 3.5% (2025-1116)
05.21.2025New 5% excise tax proposed for remittance transfers (2025-1108)
05.16.2025 New IRC Section 899 would increase tax rates and expand BEAT for certain inbound taxpayers (2025-1085)
Individuals
06.05.2025Tax reconciliation bill passed by the House would expand and make permanent the qualified business income deduction (IRC Section 199A) (2025-1205)
05.29.2025Tax reconciliation bill passed by House could significantly affect individual taxpayers (2025-1161)
International Taxation
06.02.2025Proposed IRC Section 899 would affect certain asset management entities (2025-1172)
05.28.2025US House approves tax reconciliation bill, with minor rate changes in international tax provisions (2025-1143)
05.16.2025New IRC Section 899 would increase tax rates and expand BEAT for certain inbound taxpayers (2025-1085)
05.16.2025US House Ways and Means Committee approves tax reconciliation bill, including several international tax provisions (2025-1075)
State & Local Taxation
05.29.2025House-passed tax bill could have state income tax implications (2025-1159)
05.20.2025Tax reconciliation bill approved by House Ways & Means Committee could have state income tax implications (2025-1101)

Document ID: 2025-1250