In the News | The Daily Reporter
Tax reform and construction: How the “Big Beautiful Bill” could impact the industry
May 27, 2025 · Authored by Chase A. Inda, Michelle Burington
An amendment to H.R. 1, often referred to as the “big, beautiful tax bill,” is currently advancing through Congress and could have a significant impact on the construction and real estate industries. In a recent The Daily Reporter article, Baker Tilly’s Michelle Burington and Chase Inda break down the key proposals that matter most, including:
A second round of Opportunity Zones, permanent expansion of the QBI deduction, return of 100% bonus depreciation and changes to R&D deductions and the SALT cap.
If enacted, this bill could offer major tax planning opportunities — but there’s still uncertainty around its final form.
Read the article
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