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07-25-25 | Legislation
The statement went on to say that the measure included four of their five top tax policy recommendations like the expansion of 529 education savings plans, the Research and Development (R&D) Tax Credit, maintenance of the federal tax-exempt status of municipal bonds, and the continuation of federal tax-exempt status of nonprofit organizations.
Then, the National Association of Home Builders (NAHB) applauded the legislation - when the Senate passed it on July 1 - saying, "NAHB commends the Senate for passing the One Big Beautiful Bill Act. This legislation will help spur economic growth and allow our members to invest more resources in multifamily rental construction, land development to build more single-family homes, and new equipment to expand their businesses. In turn, this will create a better business climate that allows builders to increase the nation's housing supply, which is crucial to help ease America's housing affordability crisis. We urge the House to move quickly to pass this bill."
Previously, NAHB AVP of Government Affairs J.P. Delmore spoke with Pro Builder Editorial Director Rich Binsacca who said that, "The No. 1 item in this bill and what it does for builders - and for all business owners, frankly - is permanency. We haven't had a permanent tax code since 2017. We've been living under this threat of a tax cliff for next year. If this bill passes, almost everything in the tax code will become permanent features."
The National League of Cities (NLC) sent a letter to Congress which said that "the nation's more than 19,000 cities, towns and villages, we ask for your support of local government priorities as the Senate advances consideration of "The One, Big, Beautiful Bill Act" (H.R. 1)... We are pleased to see that the House bill preserves and improves several policies and programs important to local governments, most importantly preserving the tax- exempt status of municipal and private activity bonds. Cities and towns will also benefit from the increased cap on the State and Local Tax (SALT) deduction, which is a positive step forward in ensuring Americans are not double taxed on the income already used to pay mandatory state and local taxes, the enhancement of Low-Income Housing Tax Credits, and the extension of the Opportunity Zone program. As the Senate moves forward on the legislation, we urge you to retain these critical priorities for local governments."
Further, the letter also expressed concerns regarding the provisions like changes to clean energy tax credits, program funding already awarded to local governments and being used for economic opportunities, the 10-year moratorium on state and local government regulation of AI, preserving state flexibility and minimizing funding cuts to Medicaid. In subsequent releases the NLC said, "key outreach from local leaders across the country produced several local government wins, including the preservation of tax-exemption on municipal bonds, a temporary raise to the SALT deduction and improved incentives for private investment in underserved communities."
The Irrigation Association (IA) via IrrigationToday said that there were several tax-focused provisions with implication for the irrigation industry, manufacturers, and small businesses. Those provisions included the 529 plan expansion for industry certifications, the restoration of R&D expensing, full equipment deductibility, fair interest, and 199A deduction enhancement. With that, the IA had communicated its support for the bill's provisions and noted that they aligned with priorities during the 2025 IA Advocacy Summit.
ASLA, NAHB, NLC, and IA Pleased with the Big Beautiful Bill Tax Policies
Tax Cuts and Spending Bill
The One Big Beautiful Bill was favorably received by industry associations.
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The One Big Beautiful Bill - signed into law on July 4 - stands as tax reform for a variety of elements including the expansion of 529 education savings plans, R&D tax credit, federal tax-exempt status of municipal bonds, the continuation of the federal tax-exempt status of nonprofits, full equipment deduction, fair interest deductibility, to name a few.
The American Society of Landscape Architects (ASLA) released a statement saying, "The bill... reflects significant progress on key tax provisions ASLA has long advocated for. These tax wins directly benefit landscape architects and ASLA as an organization-and serve as a reminder that our voice continues to be heard in federal policymaking."
The statement went on to say that the measure included four of their five top tax policy recommendations like the expansion of 529 education savings plans, the Research and Development (R&D) Tax Credit, maintenance of the federal tax-exempt status of municipal bonds, and the continuation of federal tax-exempt status of nonprofit organizations.
Then, the National Association of Home Builders (NAHB) applauded the legislation - when the Senate passed it on July 1 - saying, "NAHB commends the Senate for passing the One Big Beautiful Bill Act. This legislation will help spur economic growth and allow our members to invest more resources in multifamily rental construction, land development to build more single-family homes, and new equipment to expand their businesses. In turn, this will create a better business climate that allows builders to increase the nation's housing supply, which is crucial to help ease America's housing affordability crisis. We urge the House to move quickly to pass this bill."
Previously, NAHB AVP of Government Affairs J.P. Delmore spoke with Pro Builder Editorial Director Rich Binsacca who said that, "The No. 1 item in this bill and what it does for builders - and for all business owners, frankly - is permanency. We haven't had a permanent tax code since 2017. We've been living under this threat of a tax cliff for next year. If this bill passes, almost everything in the tax code will become permanent features."
The National League of Cities (NLC) sent a letter to Congress which said that "the nation's more than 19,000 cities, towns and villages, we ask for your support of local government priorities as the Senate advances consideration of "The One, Big, Beautiful Bill Act" (H.R. 1)... We are pleased to see that the House bill preserves and improves several policies and programs important to local governments, most importantly preserving the tax- exempt status of municipal and private activity bonds. Cities and towns will also benefit from the increased cap on the State and Local Tax (SALT) deduction, which is a positive step forward in ensuring Americans are not double taxed on the income already used to pay mandatory state and local taxes, the enhancement of Low-Income Housing Tax Credits, and the extension of the Opportunity Zone program. As the Senate moves forward on the legislation, we urge you to retain these critical priorities for local governments."
Further, the letter also expressed concerns regarding the provisions like changes to clean energy tax credits, program funding already awarded to local governments and being used for economic opportunities, the 10-year moratorium on state and local government regulation of AI, preserving state flexibility and minimizing funding cuts to Medicaid. In subsequent releases the NLC said, "key outreach from local leaders across the country produced several local government wins, including the preservation of tax-exemption on municipal bonds, a temporary raise to the SALT deduction and improved incentives for private investment in underserved communities."
The Irrigation Association (IA) via IrrigationToday said that there were several tax-focused provisions with implication for the irrigation industry, manufacturers, and small businesses. Those provisions included the 529 plan expansion for industry certifications, the restoration of R&D expensing, full equipment deductibility, fair interest, and 199A deduction enhancement. With that, the IA had communicated its support for the bill's provisions and noted that they aligned with priorities during the 2025 IA Advocacy Summit.
