On May 22, 2025, the House of Representatives passed the One Big Beautiful Bill Act (H.R. 1, hereafter the “Revised House Bill”). The Revised House Draft Bill contains certain changes to the original bill that was released on May 12, 2025 by the House Ways and Means Committee (the “Original House Draft Bill”). As summarized in our previous blog post, there were several proposed changes in...| Tax Talks
The One Big Beautiful Bill Act (the "OBBBA"), passed by the U.S. House of Representatives (the "House") on May 22, 2025, is a comprehensive legislative| Tax Talks
Senator Thom Tillis introduced a bill (called the “Tackling Predatory Litigation Funding Act”) that would impose additional significant taxes on litigation funding investments. Rep. Kevin Hern (R-OH) introduced a similar bill in the House of Representatives. The bill would apply to taxable years beginning after December 31, 2025, which could include future payments related to existing...| Tax Talks