US President Donald Trump’s “Big Beautiful Bill” was signed into law on July 4. While it didn’t impose a moratorium on state-level artificial intelligence laws as anticipated, it did include a substantial 35% tax credit for semiconductor manufacturers.

Now that the tax and spending bill has been signed into law, how it will impact the finances of Americans is more clear.

The changes won’t happen all at once. Here’s when Americans can expect key provisions of the GOP tax and spending bill to go into effect.