The passage of the One Big Beautiful Bill Act (OBBBA) has major implications for business owners and pre-liquidity planning. While the new permanence of gift and estate tax exemptions has drawn more headlines, changes to qualified small business stock (QSBS) rules might be more consequential, especially for founder-owners. The following publication examines aspects of the budget bill that should factor into pre-liquidity planning in the months and years ahead, including:
- The Extension and Enhancements to QSBS (Section 1202)
- Certainty Around Gift and Estate Taxes
- New Wrinkles in Charitable Donations
- Changes to Bonus Depreciation and Section 179