TIA Applauds Tax Relief Measure

The Tire Industry Association applauds the permanent tax relief measure included in the recently passed One Big Beautiful Bill Act.
July 28, 2025
2 min read
MTD
'The legislation marks a significant step forward for family-owned businesses, delivering long-awaited certainty by making the federal estate tax exemption levels permanent,' say TIA officials.
"The legislation marks a significant step forward for family-owned businesses, delivering long-awaited certainty by making the federal estate tax exemption levels permanent," say TIA officials.

The Tire Industry Association (TIA) applauds the permanent tax relief measure included in the recently passed One Big Beautiful Bill Act.

"The legislation marks a significant step forward for family-owned businesses, delivering long-awaited certainty by making the federal estate tax exemption levels permanent," say TIA officials.

"A centerpiece of the legislation is the permanent increase of the unified estate, gift, and generation-skipping transfer tax exemptions to $15 million per individual and $30 million per couple, with both amounts indexed for inflation. Unlike prior tax reforms, which included sunset provisions or automatic reversion to lower thresholds, (the bill) enshrines these higher exemption levels into permanent law, providing the clarity and security business owners have long demanded."

"This is a landmark victory in the fight against the death tax,” says Roy Littlefield IV, vice president of government affairs for TIA. “For decades, we’ve worked to protect the future of family-owned businesses from punitive estate taxes. This bill offers a level of certainty and protection we’ve never seen before.”

According to TIA officials, the new law "represents the most favorable federal estate tax environment since TIA began its advocacy efforts. Just over two decades ago, in 2001, the exemption stood at a mere $675,000, with a top tax rate of 55%. The sweeping changes in OBBB mark a dramatic and welcome shift. While TIA continues to support the complete repeal of the federal estate tax, this legislation is a meaningful step forward. With these increased and permanent exemption levels, family-owned tire businesses can now prioritize growth and succession planning without the looming threat of devastating tax liabilities."
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