Type: White House Toolkit
Date: 06/03/2025

Legislative Update: Tax-Exempt Organizations Impacted by the “One Big Beautiful Bill”

On May 22, the House of Representatives passed H.R. 1, the “One Big Beautiful Bill,” which includes potentially significant changes for tax-exempt organizations. The Senate is currently evaluating H.R. 1, and potentially significant changes are expected before it is presented to President Trump. The proposed changes are far-reaching, especially for colleges and universities and private foundations.

View the complete law bulletin here for more information on the bill’s provisions.

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