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House Bill Passes Out of Committee; Senate Releases Policy Highlights in Advance of Release of Proposed Tax Legislation

The House Ways and Means Committee finished their markup of the Tax Cuts and Jobs Act and voted to advance the bill. The House plans to vote on the proposed bill next week. The Senate Committee on Finance released a summary highlighting the policy underpinnings for the Senate’s version of the Tax Cuts and Jobs Act. Now that the House Ways and Means Committee has finished the markup...

House Ways and Means Committee Releases an Amendment to the Amendment in the Form of a Substitute to Tax Reform Bill

Kevin Brady, Chairman of the House Ways and Means Committee, submitted an amendment to the previously amended the Tax Cuts and Jobs Act. The amendment is expected to be approved by the House. Read the amendment and a summary of the changes here.

Ways and Means Committee Amends the Tax Cuts and Jobs Act

On Monday, the House Ways and Means Committee approved an amendment offered by Kevin Brady to the proposed tax reform bill. The amendment revises the rules targeting the international base erosion by providing a foreign tax credit, among other items. This amendment also imposes an additional holding period requirement for capital gain on carried interest, increasing the holding period...

Joint Committee on Taxation Releases Description of the Tax Cuts and Jobs Act

The Joint Committee on Taxation has published the description of the House’s recently released tax legislation, the Tax Cuts and Jobs Act, which contains an explanation of the various bill provisions. The House Committee on Ways and Means has scheduled a markup on November 6, 2017. 2017 Read the full report.  Read the description of the...

House Ways and Means Committee Releases Amendment in the Form of a Substitute to Tax Reform Bill

The House Ways and Means Committee released an amended version of the Tax Cuts and Jobs Act. Among other changes, the amended bill no longer contains a limitations on treaty benefits provision for deductible related party payments. Read the revised bill...

House Releases Tax Bill Titled “Tax Cuts and Jobs Act”

The House Ways and Means Committee released the first draft of their tax reform legislation, titled “Tax Cuts and Jobs Act.”  The Senate is expected to release their draft legislation before Thanksgiving. Read the section-by-section summary and the text of the bill...


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