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ARTICLE · 23 JUNE 2025

One Big Beautiful Bill: Update On Provisions For Nonprofits

Proskauer Rose LLP
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On May 22, 2025, the House of Representatives passed the One Big Beautiful Bill Act (H.R. 1, hereafter the "Revised House Bill").

United StatesTax
Richard M Corn
Richard M Corn
Amanda Nussbaum
Amanda Nussbaum
Maggie Livingstone
Maggie Livingstone
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On May 22, 2025, the House of Representatives passed the One Big Beautiful Bill Act (H.R. 1, hereafter the "Revised House Bill"). The Revised House Draft Bill contains certain changes to the original bill that was released on May 12, 2025 by the House Ways and Means Committee (the "Original House Draft Bill"). As summarized in our previous blog post, there were several proposed changes in the Original House Draft Bill that would have particularly impacted nonprofits if enacted.

The Revised House Bill dropped the proposed change to treat income arising from a sale or license by a tax-exempt organization of its name or logo as "unrelated business taxable income" ("UBTI") but retained the following provisions that would also impact nonprofits, if enacted:

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