The Upcoming FAA Authorization May Not Contain Any Technical Corrections to the Tax Legislation
House Ways and Means Chairman Kevin Brady has indicated that the upcoming Federal Aviation Administration (“FAA”) reauthorization bill is unlikely to contain additional technical corrections to the 2017 tax bill, despite containing a tax title. Congress had previously passed, in the 2018 Consolidated Appropriations Act, a technical correction to fix a provision that encouraged farmers to sell to cooperatives instead of private companies along with a Democrat-driven expansion of a low-income housing incentive. However, it is unclear whether Democrats, who largely felt left out of the tax reform process, would be willing to concede to further corrections. Chairman Brady indicated that those on the tax-writing committee as well as officials at the Treasury Department will continue to have “deliberate discussions” on potential corrections.
Read more: Brady: Technical fixes might not ride on FAA bill; A harder sell