House Passes “One Big Beautiful Bill” – What It Means for Our Industry
On May 22, the House narrowly passed the “One Big Beautiful Bill,” a sweeping reconciliation package covering tax, energy, workforce, and trade policy.
While it’s early in the legislative process, the bill includes several key wins for our industry, along with a few concerns.
✅ Industry Wins
The House version includes provisions NAED has long supported, giving our members more certainty to plan and invest:
- Section 199A Deduction made permanent and increased to 23%
- Estate Tax Exemption raised to $15M (individual) / $30M (joint), indexed for inflation
- Bonus Depreciation restored to 100% for property purchased after Jan. 20, 2025, for five years
- Section 179 Expensing increased to $2.5M
- LIFO, SALT Deduction & 179D preserved
- 529 Accounts can now be used for job training, certifications, and licensing, not just college
⚠️ What’s Scaled Back
Several clean energy tax credits were reduced or removed:
- Section 25C – Home Improvement Energy Credit
- Section 45L – New Home Energy Efficiency Credit
- Section 45X – Advanced Manufacturing Production Credit
The bill also cuts funding for clean energy programs and adds restrictions on some foreign-made products, impacting the supply chain.
🧰 Workforce Development Win
The Freedom to Invest in Tomorrow’s Workforce Act was included, allowing 529 funds for credentials, licensing, and exam prep—helping more people enter skilled trades without student debt.
🔌 Energy Star Under Threat
The EPA may eliminate the Energy Star program for appliances. Though voluntary, it’s a trusted tool for consumers. NAED is working with NEMA and NECA to push back and protect access to reliable energy cost info.
📢 We Want Your Tariff Stories
Tariff swings have disrupted planning and slowed orders. If your company has been affected, we want to hear from you. Please send a short testimonial (3–4 paragraphs) to Bud DeFlaviis at bud@naed.org.
We’ll keep you updated as the Senate takes up its version of the bill. Thanks for staying engaged.
Tagged with NAED, Washington Wire