-
3 weeks ago | 
tax.thomsonreuters.com | Maureen Leddy
In a unanimous decision, the U.S. Supreme Court held that Wisconsin violated a church-affiliated charity’s First Amendment rights by denying a state unemployment tax exemption based on “theological choices.” (Catholic Charities Bureau, Inc. v. Wisconsin Labor & Industry Review Commission, No. 24-154)In the case, Catholic Charities, the social ministry arm of a Roman Catholic diocese, challenged Wisconsin’s reading of a statute that provides a “religious purposes” exemption from unemployment tax.
-
3 weeks ago | 
today.westlaw.com | Maureen Leddy
Enter to open, tab to navigate, enter to select
-
3 weeks ago | 
tax.thomsonreuters.com | Byrd rule |Maureen Leddy
With the Senate now considering the One Big Beautiful Bill Act, policy experts expect several hiccups as Republicans work toward their self-imposed July 4th deadline for passage. The House passed OBBBA (H.R. 1) on Speaker Mike Johnson’s (R-LA) timeline — just before Memorial Day. Lawmakers returned to Washington, D.C., earlier this week and are slated to be in session for most of June. Senate Republicans likely will spend much of that time hashing out their version of OBBBA.
-
3 weeks ago | 
tax.thomsonreuters.com | Maureen Leddy
Child care providers and advocates are celebrating a provision in the One Big Beautiful Bill Act (OBBBA, H.R. 1) that would boost a tax credit to help small employers invest in child care — but they are hoping the Senate will go even farther to assist working families. Insufficient access to child care is costly, said the Council for a Strong America in a 2023 report.
-
1 month ago | 
tax.thomsonreuters.com | Maureen Leddy
As congressional Republicans move forward with a reconciliation bill that would extend and revise tax provisions, the American Institute of CPAs is homing in on proposals they say could negatively impact accountants and their clients. Last week, the House passed the One Big Beautiful Bill Act (OBBBA, H.R. 1), which totaled over 1,000 pages and incorporated provisions from 11 House committees — including the taxwriting committee, Ways and Means.
-
1 month ago | 
tax.thomsonreuters.com | Maureen Leddy
The reconciliation bill that made its way through the House Thursday morning contains a plethora of tax provisions, including several of note to those in the commercial and residential real estate industry. Tyler Davis, president of Saunders Real Estate and a former tax manager at PwC, shared what he’s watching in the One Big Beautiful Bill Act (H.R. 1) — and where there is room for changes. The House passed the OBBBA with a 215-214-1 vote on May 22.
-
1 month ago | 
tax.thomsonreuters.com | Maureen Leddy |Tim Shaw
Editor’s note: The House passed the bill the morning of 5/22 by a vote of 215-214. One member voted “present” and two did not cast votes. The Rules Committee markup ended after 10:30 p.m. ET, with members voting along party lines 8-4 to advance the proposal after incorporating certain revisions. Late-night amendments included the SALT cap proposal discussed in this article, which is current as of Wednesday afternoon, 5/21.
-
1 month ago | 
tax.thomsonreuters.com | Maureen Leddy
The Senate Finance Committee questioned Billy Long, President Donald Trump’s pick for IRS commissioner, about his potential conflicts of interest and tax experience during a May 20 hearing. If confirmed, Long would be the sixth person to head the IRS since the beginning of 2025. The last Senate-approved commissioner, Danny Werfel, resigned just before Trump took office. The agency is now on its fourth acting commissioner, Michael Faulkender, who is concurrently serving as Treasury deputy secretary.
-
1 month ago | 
tax.thomsonreuters.com | Maureen Leddy |Tim Shaw
Editor’s note, 5/19/2025: The committee held a second vote Sunday evening and the bill advanced by a slim 17-16 margin. Roy, Norman, Brecheen, and Clyde voted “present” and Smucker voted “yes.” The House Rules Committee is expected to consider the bill next at a markup May 21, starting at 1:00 a.m. ET. Trump and Republicans still aim for House passage before Memorial Day weekend.
-
1 month ago | 
tax.thomsonreuters.com | Maureen Leddy
Senate Finance Committee Chair Mike Crapo (R-ID) and member Senator Steve Daines (R-MT) shared their thoughts on House reconciliation efforts — emphasizing that the Senate will retool the bill to introduce more “permanence.” Daines told an audience at the Tax Council Policy Institute’s annual conference on May 15 that “much of what the House has written” is “in pretty good shape.” He expects that the House will ultimately pass the bill, noting that Speaker Mike Johnson (R-LA) is “three for...
