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INCOME TAXES
6 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
INCOME TAXES 8. INCOME TAXES
Tredegar recorded tax expense (benefit) of $1.6 million on pre-tax income (loss) from continuing operations of $4.1 million in the first six months of 2025. The effective tax rate in the first six months of 2025 was 38.4% and 16.6% in the first six months of 2024. The effective tax rate in the first six months of 2025 was impacted by taxable discrete items, including stock-based compensation, and lower book income.
On July 4, 2025, new U.S. tax legislation was signed into law (known as the "One Big Beautiful Bill Act" or "OBBBA") which makes permanent many of the tax provisions enacted in 2017 as part of the Tax Cuts and Jobs Act that were set to expire at the end of 2025. In addition, the OBBBA makes changes to certain U.S. corporate tax provisions, which have various effective dates. The Company is currently evaluating the impact of the new legislation but does not expect it to have a material impact on the results of operations.