| ALDOR has published preliminary guidance on the impact of the provisions of the One, Big, Beautiful Bill Act (OBBBA) signed by President Donald J. Trump on July 4, 2025, as Public Law 119-21. OBBBA extends several Tax Cut and Jobs Act (TCJA) provisions and enacts changes to the federal tax system for businesses and individuals. ALDOR’s guidance addresses whether and how the provisions of OBBBA are tied to Alabama’s taxing regime as they relate to individuals (including sole proprietors), corporations, and financial institutions. This guidance is preliminary and subject to revision as more information becomes available, including additional federal guidance and input from other tax administrative agencies and/or the private sector. |
