President Donald Trump is back in Washington, where his 2017 tax cuts are one step closer to becoming permanent. The Senate Finance Committee has released details of its work on the “Big, Beautiful Bill.”
The Committee’s plan would extend the 45Z tax credit, and it would also keep the Section 199A at 20 percent and make it permanent. The Senate plan increases the estate tax exemption to $15 million or $30 million for a couple.
Their plan mirrors the House version when it comes to depreciation and would restore the full bonus depreciation.
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By coupling operational agility with proactive tax planning under the One Big Beautiful Bill (OBBBA), family-owned operations can fully leverage expanded safety nets and emergency deductions to insulate themselves from market volatility and preserve operational equity for the next generation.
Producers should coordinate immediately with their CPA and legal counsel to ensure their corporate structures and operational realities are perfectly aligned before the September deadline.
