2025 Budget Reconciliation Bill Passed by the House: What's In It and What Comes Next?

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Congress is on the cusp of passing the most consequential tax legislation in many years and the well-informed tax practitioner will want to stay abreast of these developments! This course will start with a short overview of the legislative process that is taken by the House and the Senate before the bill is ready to be signed by the President. We will then review the provisions in the House bill passed on May 22, 2025, with predictions on possible changes being made once it has been considered by the Senate.

Who Should Attend
This course is suitable for Corporate tax and finance executives, directors, managers and staff, CPAs, CAs Enrolled Agents, accountants, attorneys and business/financial advisors who work with and advise businesses that have tax implications. All in-house and public practice tax professionals will benefit from this timely and insightful seminar.

Topics Covered

• The Congressional process in passing tax legislation.
• Major Provisions in the House version of Big Beautiful Bill
• Individual
• General Business
• International
• Health Care Accounts
• Qualified Opportunity Zones
• Industry Specific Provisions
• Tax Exempt Organizations
• Miscellaneous Provisions

Learning Objectives

• Understand the process that the House, Senate and Committees undertake in passing tax legislation.
• Identify and discuss the various provisions contained in the Big Beautiful Bill passed by the House of Representatives on May 22, 2025.
• Identify potential changes that could be made by the Senate.
• Become knowledgeable potential future implications of the Big Beautiful Bill

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None