07 July 2025

Wednesday, July 9 | The final reconciliation bill: key tax provisions and business implications (12 pm ET)

Insights from the EY Center for Tax Policy

The final reconciliation bill, signed into law July 4, includes tax provisions impacting businesses and individuals alike, offering new opportunities and challenges across various industries and sectors. Among other changes, the law permanently extends the Tax Cuts and Jobs Act (TCJA) "pre-cliff" business provisions and makes most of the remaining expiring TCJA provisions permanent, modifies several international tax laws (but does not include the Section 899 provision addressing certain foreign taxes), temporarily sets the state and local tax deduction cap at $40,000 and repeals and accelerates the sunsetting of many Inflation Reduction Act credits.

Join us for a discussion of what made it into the final legislation and what actions businesses should consider going forward.

Date: Wednesday, July 9, 2025

Time: 12:00-1:00 p.m. ET New York; 9:00-10:00 a.m. PT Los Angeles

Registration: Register for this event.

Moderator

Colleen O'Neill, EY US National Tax Department Leader

CPE credit offered: up to 1.2 depending on actual duration. Recommended field of study: Taxes. Learning objective: During this webcast, attendees will assess the final legislation and what actions businesses should consider going forward. This intermediate level, group internet-based course has no prerequisites or advanced preparation. Final CPE award to be based on content, polling and length of participation. See CPE FAQ for more information.

EY webcast managed and produced by Ernst & Young LLP's Tax Technical Knowledge Services Group, Washington, DC: Lynn Fairfax | lynn.fairfax@ey.com and Barbara Kirchheimer | barbara.kirchheimer@ey.com

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Document ID: 2025-1386