Webcast overview
On May 22, 2025, the House of Representatives passed their version of the tax bill designed to prevent taxpayers from going over the “tax cliff” at the end of 2025, followed by the Senate Finance Committee’s release on June 16, 2025, of its current version of the tax bill. The House and Senate bills contains many extensions of current law, several new items, and a number of proposals to raise revenue.
During this webcast, professionals from the KPMG Washington National Tax office will dive into and compare the bill’s’ proposed extensions and modifications of the big 3 business extenders (i.e., bonus depreciation, section 174 expensing, and the business interest expense limitation) and proposed manufacturing business incentives. The webcast will highlight a variety of considerations businesses should think about now to prepare for these proposed changes.
Background: The Tax Policy Trifecta of 2025
Tax executives are facing three significant disruptors coming together at the same time – the expiration of certain Tax Cuts and Jobs Act (TCJA) provisions, the implementation of the OECD’s global tax deal, and ongoing regulatory and executive action changes. The challenges and opportunities from these three disrupters, what KPMG is referring to as the ‘Tax Policy Trifecta’ are happening at the same time as a technology revolution with advanced tools like GenAI playing a role in how organizations can respond to change.
