Business Tax
Business Tax Provisions
5/26/20251 min read
“One Big Beautiful Bill” – Business Tax Provisions Kick In
Office perks deduction ends: Starting in 2026, businesses can no longer deduct on-site cafeteria, snack, or beverage expenses provided for employee convenience.
Corporate incentives: The megabill proposes phase-in permanent full expensing, robust R&D deduction, and maintains the 20% pass-through deduction—subject to reconciliation.
Clean-energy credit rollbacks continue, affecting renewables, EV, and solar projects; Senate slows the phase-out relative to the House plan.
These will take effect upon final passage—expected mid‑2025—for tax years beginning January 1, 2026.