The One Big Beautiful Bill Act Tax Provisions

Course Description:

Sweeping new legislation passed on July 4, 2025, titled “An Act to provide for reconciliation pursuant to title II of H. Con. Res. 14” and referred to as the One Big Beautiful Bill Act (OBBBA) became law. The One Big Beautiful Bill Act Tax Provisions course, offering 6 CPE credits, examines the tax provisions of the Act, beginning with those provisions that are immediately effective for 2025, followed by provisions that become effective in 2026 and beyond. The new law makes permanent many of the tax provisions of the Tax Cuts and Jobs Act (TCJA) and makes changes to existing tax law, some permanent and others temporary.

A brief explanation of existing tax law prior to OBBBA’s passage is provided, and appropriate context is added to facilitate understanding of the pre-enactment environment and the impact of the legislative changes. The course will discuss both the individual and business tax provisions and is organized along effective-date lines and whether the principal effect will be experienced by individual or business taxpayers. Accordingly, the course is segmented as follows:

Chapter 1 - Individual taxpayers effective in 2025

Chapter 2 - Business taxpayers effective in 2025

Chapter 3 - Business taxpayers energy-related effective in 2025

Chapter 4 - Individual taxpayers effective in 2026 & later

Chapter 5 -Business taxpayers effective in 2026 & later

Learning Objectives: