Senate Version of Tax Bill Retains Key Housing
The Senate Finance Committee has released its version of the One Big Beautiful Bill Act, aligning closely with the House-passed legislation but including several adjustments that will require another House vote if passed. The bill includes major wins for the home building industry, such as making key tax provisions permanent (e.g., mortgage interest deduction, Section 199A business deduction, and estate tax exemption), expanding the Low-Income Housing Tax Credit, and restoring 100% bonus depreciation.
