Just before the government shutdown, Congress quietly passed a 525-page tax overhaul — the One Big Beautiful Bill Act (OBBBA). This sweeping legislation could reshape how private clubs manage compensation, benefits, and capital planning for years to come.
Key highlights include:
- “No Tax on Tips” and “No Tax on Overtime” provisions for eligible employees
- Permanent extension of key 2017 TCJA tax cuts, avoiding the looming 2025 cliff
- Full expensing of capital assets and other pro-growth measures for taxable clubs
While the headlines sound promising, the fine print carries major implications for your club’s financial, HR, and tax strategies. Make sure your CFO and finance committee have a copy—download Kevin’s full article using the link below.
