As the “One Big Beautiful Bill” continues its legislative path through Congress, it remains too close to call on how the final legislation will impact the sports industry. On May 22, 2025, the House of Representatives...more
5/27/2025
/ Colleges ,
Educational Institutions ,
Excise Tax ,
Federal Budget ,
Internal Revenue Code (IRC) ,
Proposed Legislation ,
Sports ,
Tax Deductions ,
Tax Liability ,
Taxation ,
Trump Administration ,
UBIT ,
Universities
Welcome to this week’s edition of Tax Bytes. Our team of tax lawyers is actively monitoring for federal and international tax developments and issues of note. Each week we pull together the items we deem most important to...more
5/21/2025
/ Business Taxes ,
EBITDA ,
Employee Benefits ,
Employee Retention ,
Excise Tax ,
Legislative Agendas ,
New Legislation ,
Proposed Legislation ,
Reporting Requirements ,
Senate Committees ,
Tax Credits ,
Tax Cuts and Jobs Act ,
Tax Exempt Entities ,
Tax Reform ,
U.S. House ,
Ways and Means Committee
On May 12, 2025, the Republicans from the House Committee on Ways and Means released an updated draft tax bill. Several of the provisions in the draft would affect tax-exempt organizations. The bill will almost certainly...more
5/19/2025
/ Charitable Deductions ,
Colleges ,
Excise Tax ,
Legislative Agendas ,
Private Foundations ,
Proposed Legislation ,
Tax Exempt Entities ,
Tax Rates ,
Tax Reform ,
U.S. House ,
Universities ,
Unrelated Business Income Tax ,
Ways and Means Committee