One Big Beautiful Bill Act

The One Big Beautiful Bill Act (OBBBA) represents a significant shift in how the U.S. government taxes business growth. By moving from a “depreciation” model to an “expensing” model, the law aims to remove the hidden penalties that previously discouraged companies from investing in machinery, technology, and Research & Development (R&D). While this change may […]

Introduction On May 22, 2025, the U.S. House of Representatives passed the “One Big Beautiful Bill Act” (the House Bill), which extends or makes permanent several tax provisions originally enacted under the 2017 Tax Cuts and Jobs Act (TCJA) and introduces a range of new measures. Notably, the legislation does not address the tax treatment