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How the One Big Beautiful Bill Act Reshapes R&D and Energy Tax Incentives

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Signed into law on July 4, 2025, H.R. 1, known as the One Big Beautiful Bill Act, marks a major shift in tax policy, from reinstating immediate expensing under Section 174 to repealing key energy incentives like Section 179D. Allen Tobin, FD Tax Principal, and Lucia Smeal, attorney and tax professor, unpack what these changes mean for R&D investment, construction and small businesses, and share insights on how taxpayers and advisors can prepare for what’s ahead.

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About The Speakers:

Allen Tobin, Principal, Frazier & Deeter

Lucia Smeal, Tax Professor and Attorney, Georgia State University

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