On July 4, 2025, the President signed the “One Big Beautiful Bill Act,” which has sweeping tax changes that will affect individuals and businesses.
Legislative Update: One Big Beautiful Bill Enhances QSBS Tax Benefits
There were winners and losers in H.R. 1 of the 119th Congress, also known as the One Big Beautiful Bill (OBBB). Founders of and investors in small businesses will be winners as a result of the changes to Internal Revenue Code (IRC) Section 1202. The modifications to IRC 1202 bring enhanced value and wider availability of the tax benefits for investments in qualified small business stock (QSBS).
The OBBB brings three principal changes to IRC 1202. View the complete law bulletin here for more information on these changes and applicable date considerations.
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