Breaking Down the “Big, Beautiful Bill”: Priorities and Provisions in the Proposed 2025 Federal Income Tax Legislation

This Pillsbury alert provides an overview of the “Big Beautiful Bill” (BBB) as passed by the House Ways & Means Committee on Sunday, May 18, 2025. The overview breaks the bill into three main sections: Changes Affecting Individuals, Changes Affecting Businesses and Changes Affecting Tax-Exempts and Universities. Please note that the legislative process is fluid, and the provisions as described herein may be changed as the legislation advances toward passage....
By: Pillsbury Winthrop Shaw Pittman LLP