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11 June 2025

Collection of Tax Alerts on House reconciliation bill actions

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General
07.03.2025House clears massive tax and spending cut bill for President's signature, 218-214; July 4 signing ceremony expected
05.22.2025House approves Republican budget reconciliation bill 
05.21.2025House reconciliation manager's amendment makes tax changes 
05.12.2025Ways and Means tax amendment precedes markup 
05.10.2025Ways and Means Sets Reconciliation Markup with Preliminary Bill 
05.02.2025House Financial Services approves $1 billion in budget reconciliation savings targeting PCAOB, Consumer Bureau 
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) 
05.21.2025Tax reconciliation bill passed by Ways and Means would significantly affect cost recovery and accounting method provisions 
Compensation & Benefits
05.22.2025House-passed tax bill contains provisions affecting compensation and benefits, including eliminating taxes on tips and overtime 
Credits & Incentives
05.16.2025House Ways and Means Committee's tax reconciliation bill proposes modifications to low-income housing credit 
05.15.2025Proposed tax bill would phase out or repeal many energy credits in Inflation Reduction Act 
05.16.2025Tax reconciliation bill passed by House Ways & Means Committee would affect tax incentives and rules for Opportunity Zones 
Exempt Organizations & Government Entities
05.22.2025House reconciliation bill would modify provisions affecting tax-exempt entities 
Financial Services
06.03.2025House-passed HR 1 contains new information reporting and withholding provisions 
06.02.2025 Proposed IRC Section 899 would affect certain asset management entities 
05.22.2025House-passed tax bill changes proposed excise tax for remittance transfers to 3.5% 
05.21.2025New 5% excise tax proposed for remittance transfers
05.16.2025 New IRC Section 899 would increase tax rates and expand BEAT for certain inbound taxpayers 
Individuals
06.05.2025Tax reconciliation bill passed by the House would expand and make permanent the qualified business income deduction (IRC Section 199A)
05.29.2025Tax reconciliation bill passed by House could significantly affect individual taxpayers 
International Taxation
06.02.2025Proposed IRC Section 899 would affect certain asset management entities 
05.28.2025US House approves tax reconciliation bill, with minor rate changes in international tax provisions
05.16.2025New IRC Section 899 would increase tax rates and expand BEAT for certain inbound taxpayers
05.16.2025US House Ways and Means Committee approves tax reconciliation bill, including several international tax provisions 
State & Local Taxation
05.29.2025House-passed tax bill could have state income tax implications
05.20.2025Tax reconciliation bill approved by House Ways & Means Committee could have state income tax implications

Document ID: 2025-1250

 

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