It has become a tradition that at the end of each year, Congress passes legislation to extend previous legislation. In late 2015, Congress passed Public Law 114-113, which contains the Protecting ...
A key provision that extends three-year tax depreciation for all racehorses through 2020 was signed into law Dec. 20 by President Donald Trump. The racehorse provision, which received bipartisan ...
On May 12, 2025, the Republicans on the House Committee on Ways and Means released a draft bill showing their tax plan for the budget reconciliation legislation. The legislation will likely undergo ...
The One Big Beautiful Bill Act generated considerable attention for extending 100% bonus depreciation for new assets, but manufacturing executives should focus on a quieter provision that could prove ...
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