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Congress Passes One Big Beautiful Bill – President to Sign on July 4

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One Big Beautiful Bill Tax Provisions The One Big Beautiful Bill includes the following significant federal income tax provisions. Applies to property placed in service after the date of enactment of the Bill, but before January 1, 2031.

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Superfund Excise Taxes Reinstated July 1, 2022

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This means the tax rates will be higher and apply to more substances than they did in the past. These new excise taxes are set to expire 8½ years after they kick in ( i.e., on December 31, 2031), and they are expected to generate about $14 billion of revenue. Business Tax Services. polycarbonate. Contact Us.

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House Ways and Means Committee Introduces Potential Tax Extender Bill

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On the Democratic side, there is still a strong desire to expand the child tax credit. Senate Finance Committee Chair Ron Wyden (D-OR) said business tax provisions must be paired with provisions helpful to children. billion in 2031. This article was originally published by Lynn Mucenski-Keck in Forbes on June 12, 2023.

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Superfund Excise Tax Is Catching Many Companies by Surprise

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The Superfund Excise Tax is established to raise funding for the Hazardous Substance Response Trust Fund which is administered by the Environmental Protection Agency and assists in the clean-up of hazardous waste sites when the owner or operator of the site cannot be identified. billion of revenue. Contact Us. Let’s Chat.

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