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Tax policy and the 116th Congress  (January 2019): Read KPMG report: Tax policy and the 116th Congress – observations and preliminary analysis

New U.S. tax law (2017): Read KPMG's analysis and observations, as well as industry or sector-specific reports about provisions in the new tax law

Jul 17 - House passes repeal of excise tax on high-cost employer-sponsored health coverage (“Cadillac tax”)

Jul 17 - Tax treaty update: U.S. Senate approves Protocols with Switzerland, Luxembourg, Japan

Jul 16 - Tax treaty update: U.S. Senate approves Protocol with Spain

Jul 10 - Ways and Means approves multiemployer pension bill

Jul 8 - JCT description, tax proposals in FY 2020 budget recommendations

Jul 1 - President signs IRS administration bill

Jun 26 - Ways and Means approves bill extending healthcare-related PCORI fee

Jun 25 - Tax treaty update: Senate Foreign Relations approves four Protocols

Jun 21 - Ways and Means approves three tax bills

Jun 18 - Ways and Means schedules mark-up of tax bills

Jun 14 - Senate passes IRS administration bill

Jun 10 - House passes revised version of IRS administration bill

May 24 - KPMG report: Senator Wyden’s carried interest bill; preliminary observations

May 23 - Wyden introduces carried interest bill

May 23 - U.S. House passes retirement tax bill, includes kiddie tax relief

May 22 - Senate passes bill to modify 2017 “kiddie tax” changes

May 16 - JCT report about IRS disclosures for public inspection, calendar year 2018

May 16 - JCT overview, formation of taskforces on certain temporary and disaster relief tax provisions

May 16 - New CBO director announced

May 8 - Ways and Means, Finance committees to hold tax-related hearings

Apr 29 - KPMG report: Twenty questions about possible technical corrections to 2017 Tax Act

Apr 9 - House passes H.R. 1957, Taxpayer First Act of 2019

Apr 2 - Ways and Means approves two tax bills

Mar 29 - Bipartisan retirement legislation released

Mar 28 - Bipartisan IRS modernization bill released

Mar 28 - JCT overview of section 163(j), limitation on deduction of business interest

Mar 27 - Ways and Means holds first hearing on 2017 tax law

Mar 25 - JCT report, distributional effects of Pub. L. No. 115-97 (U.S. tax law)

Mar 8 - JCT report on expired, expiring federal tax provisions

Feb 28 - Senate Finance leaders introduce bipartisan tax extenders, disaster tax relief bill

Feb 8 - Senate Finance leadership’s position on proposed EU digital services tax

Jan 18 - Expiring tax provisions listed in JCT report

Jan 14 - KPMG report: Tax policy and the 116th Congress – observations and preliminary analysis

Jan 2 - Ways and Means Chairman Brady’s discussion draft for technical corrections legislation

Dec 20 - House passes tax package amendment to H.R. 88

Dec 13 - CBO report, options for reducing budget deficit include tax proposals

Dec 10 - Ways and Means Chairman Brady releases modified version of tax package

Dec 3 - Exempt organization provisions in “Brady amendments” to H.R. 88

Nov 26 - Brady releases tax bill with technical corrections, retirement, extenders, other provisions

Nov 7 - KPMG report: U.S. congressional elections and tax policy; preliminary observations

Oct 5 - President signs into law FAA Reauthorization Act of 2018

Oct 4 - JCT report of federal tax expenditures (estimates for 2018-2022)

Oct 3 - U.S. Senate passes five-year aviation ticket and fuel tax extensions

Sep 28 - House passes third “tax reform 2.0” bill to extend new tax law provisions

Sep 27 - House passes two bills under “tax reform 2.0”

Sep 27 - House passes aviation ticket and fuel tax extensions

Sep 13 - Ways and Means approves “tax reform 2.0” bills

Sep 11 - Ways and Means schedules markup of “tax reform 2.0” bills

Sep 10 -  Ways and Means announces introduction of “tax reform 2.0” bills 

Sep 4 - U.S. Congress back in session before elections

Aug 16 - Senate Finance Committee Republicans identify issues for technical corrections, regulatory guidance for new tax law

Jul 25 - House passes health-related tax bills

Jul 25 - House passes bill to repeal medical device excise tax, various other tax bills

Jul 24 - Ways and Means chairman releases framework for “tax reform 2.0”

Jul 19 - Senate Finance leaders introduced IRS reform bill

Jul 18 - Ways and Means approves alternative minimum funding standards for certain community newspaper plans

Jul 12 - Ways and Means approves health-related tax bills

Jun 21 - Ways and Means approves tax-related bills

There were no articles in May.

Apr 27 - House passes FAA bill, including ticket and fuel tax extensions

Apr 24 - First congressional hearing on new U.S. tax law

Apr 19 - U.S. House passes two more IRS administration bills

Apr 18 - House passes various IRS administration, taxpayer protection bills

Apr 11 - Ways and Means approves IRS restructuring, taxpayer protection bills

Mar 27 - Section 199A implications for cooperatives under appropriations legislation

Mar 26 - Ways and Means subcommittee leaders propose bipartisan IRS redesign bill

Mar 23 - Tax technical corrections are enacted, include partnership provisions

Mar 23 - U.S. Senate passes “omnibus” spending bill, with tax provisions

Mar 22 - House passes “omnibus” spending bill; includes tax provisions

Mar 9 - JCT report about tax provisions that expired in 2017

Mar 7 - Senate Democrats propose repealing tax cuts to pay for infrastructure

Feb 12 - Administration’s budget proposals for FY 2019

Feb 12 - Administration’s infrastructure plan includes private activity bond proposals

Feb 9 - Bipartisan Budget Act enacted; includes tax-related measures, tax extenders

Feb 8 - Tax extenders, tax measures in Senate budget bill

Feb 7 - JCT report describing federal tax law

Jan 23 - “Continuing Resolution” includes health-related tax provisions

Jan 18 - KPMG report: New tax measures affecting partnerships, S corporations, and their owners

Jan 10 - New member, subcommittee chairs for Ways and Means

Jan 9 - JCT report of expired, expiring tax provisions 2016-2027

Jan 9 - Senator Whitehouse (D-RI) named to Finance Committee

Jan 8 - KPMG report: Power and utilities industry measures in new tax law

Dec 22 - SEC relief to registrants, new U.S. tax law

Dec 22 - KPMG report: Private equity funds—certain measures in new tax law

Dec 22 - KPMG report: New tax law (H.R. 1)—Initial observations

Dec 22 - President signs tax bill into law

Dec 20 - KPMG report: Tax reform for tax-exempt organizations and donors 

Dec 20 - House passes revised conference agreement, completing congressional action on tax reform bill

Dec 20 - Senate passes tax reform conference agreement, with revisions

Dec 19 - House passes “Tax Cuts and Jobs Act” conference agreement

Dec 18 - KPMG report: Insurance provisions in “Tax Cuts and Jobs Act” conference report

Dec 18 - KPMG report: Conference agreement for H.R. 1, Tax Cuts and Jobs Act - Initial observations

Dec 15 - Tax reform conference committee reaches agreement, bill text is released

Dec 13 - Tax reform conference committee convenes

Dec 11 - JCT macroeconomic analysis of House tax reform bill

Dec 11 - JCT comparison of revenue estimates of House and Senate-passed tax reform bills

Dec 7 - Conferees for tax reform conference

Dec 7 - JCT comparison of House- and Senate-passed tax reform bills

Dec 6 - KPMG report: Tax reform for tax-exempt organizations and donors

Dec 4 - Conference on tax reform bills; House conferees named; Senate rules preclude certain items

Dec 4 - KPMG report: Insurance provisions in tax bill passed by U.S. Senate

Dec 4 - KPMG report: Preliminary analysis and observations regarding Senate-passed bill

Dec 2 - Senate passes tax reform bill: Modifications made on Senate floor

Nov 30 - Explanation, macroeconomic estimate of reconciliation (tax reform) bill in Senate

Nov 29 - KPMG report: Tax reform proposals, implications for banking and capital markets

Nov 28 - KPMG report: Income tax accounting considerations of U.S. tax reform 

Nov 27 - KPMG report: Oil, gas and mining provisions—House, Senate Finance Committee versions of tax reform bills 

Nov 22 - KPMG report: Provisions affecting private equity funds in tax reform bills—House bill and Senate Finance Committee bill

Nov 21 - Insurance provisions in tax reform approved by Senate Finance Committee (as of November 20)

Nov 20 - Senate Finance Committee releases tax reform bill text

Nov 18 - KPMG report: Senate tax reform bill—Initial observations on Finance Committee bill

Nov 16 - Senate Finance Committee approves tax reform bill, including Chairman’s “manager’s amendment” 

Nov 16 - KPMG’s analysis on House tax reform bill; House passes H.R. 1

Nov 15 - Senate Finance Chairman’s modified mark, correction made to tax bracket calculations 

Nov 15 - Initial impressions: Senate Finance Chairman’s modified mark

Nov 15 - Senate Finance Chairman’s modified mark is released

Nov 14 - Insurance provisions in tax bill approved by Ways and Means Committee

Nov 14 - Power and utilities provisions, Ways and Means tax reform bill

Nov 14 - Tax reform proposals that may affect tax-exempt organizations and donors

Nov 14 - JCT report, distributional effects of Ways and Means tax bill

Nov 13 - KPMG report: Senate tax reform bill—Initial observations on Chairman Hatch's mark

Nov 12 - Senate Finance Committee staff's description of tax reform bill

Nov 11 - KPMG report: House Republican tax reform bill—Initial observations on Ways and Means Committee bill

Nov 11 - JCT revenue table on Ways and Means tax reform bill

Nov 10 - Senate Finance tax reform markup set for Monday afternoon, November 13

Nov 10 - Text of tax reform bill, as approved by Ways and Means

Nov 9 - Initial impressions: Ways and Means Committee approves tax reform bill

Nov 9 - U.S. Senate Finance Chairman's mark for tax reform released

Nov 9 - Ways and Means amendments for markup of tax reform bill (H.R. 1)

Nov 6 - Ways and Means begins consideration of H.R. 1; adopts amendment

Nov 5 - KPMG report: House Republican tax reform bill—initial observations on Chairman Brady's mark

Nov 3 - JCT description of tax reform bill (H.R. 1)

Nov 3 - Ways and Means “Chairman’s mark” released in advance of markup, November 6

Nov 2 - Initial impressions: Tax reform bill released in House, November 2

Nov 2 - Insurance provisions in tax reform bill (Ways and Means release as of November 2)

Nov 2 -  U.S. House Ways and Means Committee releases tax reform bill

Nov 1 - Ways and Means to release tax reform bill text, November 2

Oct 26 - Tax reform bill release November 1, House passes budget resolution

Oct 20 - U.S. Senate passes budget resolution; what does this mean for tax reform?

Oct 5 - KPMG report: What are possible state tax implications of tax reform framework?

Oct 5 - Budget resolutions passed by House, Senate Budget Committee; steps toward U.S. tax reform legislation

Oct 3 - Framework for tax reform: Implications for banking and capital markets

Sep 29 - Senate FY 2018 proposed budget resolution; implications for tax reform legislation

Sep 29 - President signs aviation tax and hurricane tax-relief legislation  

Sep 28 - Congress approves aviation tax and hurricane tax-relief bill

Sep 28 - Senate Finance Committee schedules hearing on international tax reform

Sep 27 - KPMG report: Unified framework for comprehensive tax reform, initial observations

Sep 22 - Hurricane tax-relief bill introduced by Ways and Means chairman

Sep 13 - New tax reform outline to be released week of September 25

Sep 12 - Senate Finance Committee schedules hearing on business tax reform

Sep 7 - Senate Finance schedules hearing on individual tax reform

Sep 5 - Congress returns to busy agenda

15 Aug - KPMG report: Taxes and healthcare reform—now what?

Jul 28 - Senate healthcare bill fails; tax reform implications?

Jul 27 - Administration and congressional Republican leaders release statement on tax reform

Jul 25 - U.S. Senate votes to proceed on healthcare reform debate

Jul 20 - Senate Finance Chairman Hatch urges shift to territorial tax system

Jul 17 - JCT report: Tax reform and individuals and families, Ways and Means subcommittee hearing

Jul 14 - JCT report: Senate Finance Committee hearing on tax reform prospects, challenges

Jul 14 - JCT reports on tax provisions in administration’s FY 2018 budget

Jul 13 - Updated draft of healthcare legislation released by Senate

Jul 11 - JCT report for small business tax reform hearing 

Jun 28 - Senate Finance chairman’s statement on tax reform process

Jun 28 - Senate Finance Committee staff director’s Treasury nomination

Jun 27 - KPMG report: Senate discussion draft of healthcare reform legislation (side-by-side comparison)

Jun 26 - CBO and JCT estimates, updated language of Senate healthcare legislation

Jun 23 - Section-by-section description of Senate Republican draft healthcare bill

Jun 22 - Discussion draft, Senate Republicans’ healthcare bill

Jun 20 - House passes nuclear power tax credit, mobile workforce bills

Jun 20 - House Speaker Ryan’s “first major speech on tax reform”

Jun 16 - Finance Chairman Hatch requests ideas, feedback on tax reform

Jun 15 - Ways and Means reports out nuclear production tax credit bill

Jun 15 - House passes healthcare-related bills

Jun 15 - Senate Finance members introduce charitable giving bill

Jun 14 - Ways and Means, markup of nuclear production tax credit bill

Jun 7 - Hatch’s statement on tax reform: Revenue offsets “on the table”

Jun 6 - Trump proposes sunset of aviation excise taxes, part of air traffic control reforms

May 25 - Camp tax reform proposal—revisited

May 23 - Trump Administration releases budget proposals

May 23 - Ways and Means to markup health insurance-related bills

May 22 - JCT report: Destination-based taxation and border adjustments; report for Ways and Means hearing

May 22 - KPMG report: FAQs concerning the American Healthcare Act and taxes

May 19 - Senate Finance schedules hearing on FY 2018 budget proposals, tax reform

May 18 - Ways and Means hearing scheduled on administration’s FY 2018 budget proposals 

May 17 - Senate Finance’s Thune introduces bill to simplify, reform tax law

May 16 - JCT report on tax reform, in advance of Ways and Means’ tax reform hearing

May 11 - Ways and Means schedules hearing on tax reform

May 5 - Wyden announces clean energy bill

May 4 - House passes healthcare bill; includes tax provisions

May 3 - Proposal to modify taxation of financial derivatives

Apr 26 - Trump Administration releases tax reform principles

Mar 24 - House vote on healthcare bill cancelled

Mar 23 - House Judiciary Committee reports mobile workforce bill

Mar 16 - JCT provides overview of federal tax system for 2017

Mar 9 - Ways and Means reports healthcare bill, with tax provisions

Mar 7 - JCT reports on repealing, replacing Affordable Care Act

Mar 6 - Text of bill to "repeal and replace Obamacare" released by Ways and Means Committee

Feb 15 - SEC rules requiring disclosure of government payments, taxes by resource extraction sector nullified

Feb 14 - Newest member of Ways and Means, to replace HHS Secretary Price

Feb 9 - Trump says, expect tax announcement in a few weeks

Feb 2 - Chairman Hatch's remarks on Senate tax reform process

Feb 2 - Tax legislation enacted in 2016, JCT “Bluebook”

Feb 1 - Senate Finance approves nominations of Mnuchin for Treasury, Price for HHS

Jan 30 - JCT estimates of tax expenditures for fiscal years 2016-2020

Jan 25 - House passes bill denying tax benefits for abortion coverage

Jan 24 - JCT revenue estimating process

Jan 12 - House passes regulatory reform bill, “Chevron doctrine” repeal

Jan 12 - Process to dismantle Affordable Care Act begins

Jan 6 - House passes regulatory approval bill; tax-writing committee assignments

Jan 4 - House passes legislation on regulations issued late in president’s term

Jan 4 - JCT list of expired, expiring provisions 2016-2026

Jan 3 - 115th Congress convenes; tax agenda items

Dec 12 - Senator Hatch’s statement on tax reform, corporate integration

Dec 12 - Congress adjourns, “orphaned” expiring provisions not addressed

Dec 8 - CBO identifies 43 tax “revenue raisers” 

Dec 7 - REIT, real estate-related provisions among tax technical corrections

Dec 7 - Ways and Means releases “Green Book” 

Dec 6 - JCT explanation of “updated” tax technical corrections bill

Dec 6 - House passes "tax fairness" bill, combat-injured veterans

Nov 29 - Possible tax law changes in healthcare reform

Nov 29 - JCT explanation, factors affecting revenue estimates of tax compliance proposals

Nov 15 - Comprehensive tax reform in 2017, predicts Brady

Nov 14 - KPMG report: Comparison (tables) of Republican House "blueprint" and Trump's tax proposals

Nov 9 - KPMG report: Possible implications of election on tax policy; preliminary observations

Nov 7 - Tax incentives scheduled to expire at end of 2016

Nov 3 - Ways and Means Republicans request withdrawal of proposed section 2704 regulations

Nov 1 - CRS report on corporate tax integration

Oct 19 - Tax writing committees, bi-partisan letter: Regulatory recognition period for REIT, RIC conversions

Oct 11 - Section 385 update: Hatch letter to Treasury regarding regulatory process

Oct 7 - Tax relief for Olympic medals, awards enacted

Sep 29 - Senate Republicans request withdrawal of proposed section 2704 regulations

Sep 23 - House approves various tax and regulatory bills

Sep 22 - Middle-income housing tax credit proposed by Wyden

Sep 22 - House passes mobile workforce bill; state taxation of cross-border workers

Sep 22 - Senate Finance reports broad retirement savings bill (with revenue offsets)

Sep 21 - Ways and Means marks up four more miscellaneous tax bills

Sep 19 - Finance to mark up two pension bills

Sep 14 - Brady asks Treasury to slow down section 385 regulations

Sep 14 - Ways and Means marks up four tax bills 

Sep 13 - House passes bill concerning itemization of medical expenses

Sep 8 - Wyden proposals focus on “mega Roth IRAs”

Sep 8 - Healthcare mandate exemption approved by Ways and Means

Sep 7 - Ways and Means markup of health insurance, individual mandate bill

Sep 6 - Congress returns before election to unfinished business

Aug 30 - Congressional reaction to EC’s state aid investigation

Aug 22 - Tax committee chairmen write Treasury, seeking changes to section 385 proposed regulations 

Jul 21 - JCT descriptions of tax provisions in FY 2017 budget

Jul 15 - Renacci releases comprehensive tax reform option (with credit-invoice VAT)

Jul 13 - Excise tax exemption for certain payments to aircraft management companies approved by Ways and Means

Jul 13 - Senate passes FAA authorization bill, containing aviation-related tax provisions

Jul 12 - House approves legislation described as relating to “Chevron doctrine”

Jul 12 - House approves “clean” FAA authorization bill; only aviation-related tax provisions

Jul 8 - Comments on proposed regulations under section 385

Jul 7 - Ways and Means approves property seizure bill

Jul 6 - House passes bill to enhance healthcare tax benefits

Jul 5 - Tax-writing committees to question Treasury officials, section 385 proposed regulations 

Jun 28 - House Republican tax reform “blueprint”—initial observations

Jun 28 - Ways and Means leadership, members express concerns about section 385 proposed regulations

Jun 24 - Tax reform “blueprint” released by House Republicans

Jun 22 - Tax components in House Republican healthcare plan

Jun 22 - House passes two health-related tax bills

Jun 16 - Ways and Means approves health-related tax bills

Jun 14 - House passes bill limiting collection of donor information by IRS

Jun 14 - Ways and Means to markup seven tax bills

Jun 9 - Bill could affect “Chevron doctrine”

May 25 - Congress passes joint resolution, disapproval of DOL’s fiduciary regulations

May 24 - Finance Committee hearing on debt vs. equity, corporate integration

May 18 - Proposal to modify taxation of financial derivatives

May 17 - Anti-inversion bill is introduced

May 17 - Senate Finance hearing on corporate integration

May 16 - House passes identity theft tax bill

May 13 - JCT report on corporate integration, for Finance hearing

May 10 - JCT overview of federal tax system for 2016

Apr 28 - Ways and Means approves tax bills

Apr 26 - Wyden releases cost recovery reform and simplification proposal

Apr 21 - House passes IRS oversight bills

Apr 21 - Senate Finance approves Taxpayer Protection Act

Apr 20 - Senate Finance Committee approves identity theft and fraud prevention measures

Apr 19 - Senate passes “clean” FAA reauthorization bill, only aviation-related tax provisions

Apr 12 - Tax technical corrections legislation introduced

Apr 7 - Federal tax legislation—what to expect for remainder of 2016?

Mar 31 - Aviation tax extended to July 15; is future tax legislation possible?

Mar 22 - Congress passes short-term aviation tax extension; possible tax legislation this summer?

Mar 18 - Senate passes amended version of aviation tax extension bill

Mar 16 - KPMG report: Preliminary observations about JCT Bluebook” description of partnership audit reforms

Mar 16 - Finance chairman questions administration, “Section 1603 program” energy-related grants

Mar 16 - Ways and Means mark-up, refundable child tax credit

Mar 16 - Ways and Means subcommittee schedules hearing on tax reform

Mar 15 - House passes aviation-related tax extension bill

Mar 14 - JCT “Bluebook” explains tax legislation enacted in 2015

Mar 11 - Administration official comments on innovation box concept

Mar 10 - Aviation-related tax extension bill introduced

Feb 24 - Ways and Means hearing on international tax reform

Feb 23 - Anti-inversion bill would limit “earnings stripping”

Feb 12 - Ways and Means focused on “pro-growth tax reform,” international reform

Feb 11 - Senate passes trade conference agreement, includes internet tax ban

Feb 10 - KPMG report: Tax provisions in the administration’s FY 2017 budget

Feb 10 - Tax committee leaders identify technical correction to research credit

Feb 9 - FY 2017 budget: Initial impressions of tax proposals in budget

Feb 9 - FY 2017 budget: “Green Book”—Treasury’s explanation of tax proposals

Feb 9 - FY 2017 budget: Initial document is released

Feb 4 - House Republicans form task forces, one on tax reform

Feb 2 - Ways and Means markup, retirement investment advice bill

Jan 26 - JCT report on tax-favored retirement savings plans, proposals

Jan 15 - Senate Finance members urge Treasury intensify efforts, EU state aid investigations

Jan 14 - Possible legislative tax topics for 2016:  Tax reform, integration, and other issues

Jan 8 - JCT lists expiring tax provisions (2016-2025)

Jan 8 - Healthcare repeal, including tax provisions, is vetoed

Jan 7 - Healthcare repeal would include tax provisions

December 2015

Dec 18 - President Obama signs year-end tax legislation

Dec 18 - House and Senate have both passed year-end tax legislation 

Dec 17 - Preliminary observations regarding year-end tax legislation

Dec 17 - House passes first part of legislative package, “tax extenders”

Dec 16 - “PATH Act” and spending bill include permanent extensions of some provisions, other policy changes

Dec 16 - Solar and wind energy tax credits, extending provisions

Dec 16 - Bill would make certain "extenders" permanent, extend others; other significant changes included

Dec 9 - Permanent internet tax ban, agreement reached

Dec 8 - “Possible legislation” for extenders, other tax law changes 

Dec 3 - Congress passes conference agreement on highway bill

Dec 1 - Conference agreement on highway bill

Dec 1 - JCT report describing BEPS, for congressional hearings

November 2015

Nov 24 - Congressional hearings on BEPS

Nov 23 - Senate Finance ranking member addresses inversions 

Nov 19 - Ways and Means subcommittee chairs announced

Nov 19- House, Senate conferees meet on highway bill

Nov 5 - Brady is chair, Rice is new member of Ways and Means

Nov 4 - Brady nominated for Ways and Means chair; approval by House Republican caucus pending

Nov 2 - President signs “Budget Act,” partnership reforms enacted

October 2015

Oct 30 - Senate passes budget agreement; bill headed to White House

Oct 29 - Who will be next Ways and Means chairman?

Oct 28 - House passes budget agreement, containing tax provisions

Oct 28 - Macroeconomic estimate of permanent “bonus depreciation” bill

Oct 27 - “Budget deal” includes tax provisions

Oct 23 - House passes reconciliation bill, includes heath care repeal

Oct 5 - BEPS final recommendations: Reaction from Ways and Means chair

Oct 2 - Internet tax moratorium extended to December 11

Oct 2 - Will international tax reform still be linked to highway bill?

Oct 1 - Airport, airways trust fund taxes are extended

September 2015

Sep 29 - Congress passes extension of airport, airways trust fund taxes

Sep 29 - JCT description of revenue provisions in FY 2016 budget

Sep 29 - Ways and Means approves reconciliation measure; healthcare repeal

Sep 28 - Ways and Means to mark up reconciliation bill; healthcare repeal

Sep 17 - Ways and Means approves making certain “tax extenders” permanent and modifications to the Affordable Care Act

Sep 15 - Tax writing committees schedule markups

Sep 11 - Redefining tax reform  

Sep 10 - What is an "innovation box"? Why should businesses care?

Sep 9 - Is the highway bill a possible route to limited scope business tax reform later this year?

Sep 8 - Congress returns to unfinished business

August 2015

Aug 27 - Tax committee chairs question country-by-country reporting 

Aug 7 - Senate Finance Committee reports bill to extend expired tax preferences

Aug 5 - Macroeconomic estimate of Senate Finance “extenders” bill

July 2015

Jul 31 - President signs highway bill

Jul 30 - Senate passes highway bill

Jul 29 - House passes revised highway bill, revenue (tax) provisions

Jul 29 - Draft proposal for innovation box

Jul 29 - Tax provisions affecting foreign acquisitions of U.S. businesses, Senate PSI hearing

Jul 24 - Tax proposals in Senate version of highway bill

Jul 21 - Senate Finance approves two-year extension of expired provisions, with modifications

Jul 17 - Senate Finance to mark up “tax extenders”

Jul 15 - House passes highway bill containing revenue provisions

Jul 14 - House highway bill includes revenue provisions

Jul 8 - Recommendations for tax reform in reports of Finance Committee working groups

Jul 2 - Ways and Means members propose to reform partnership audit rules

June 2015

Jun 26 - Trade bill heading to White House includes tax provisions

Jun 22 - JCT report on taxation of repatriated foreign earnings

Jun 18 - House passes prospective medical device excise tax repeal

Jun 17 - State and local tax treatment of physical presence, multistate employees, digital goods

Jun 11 - House passes trade bill, includes tax provisions

Jun 10 - House approves permanent internet tax ban

Jun 9 - House scheduled to vote on permanent internet tax ban

Jun 2 - Ways and Means approves prospective medical device excise tax repeal

Jun 1 - Ways and Means to markup medical device excise tax repeal

May 2015

May 13 - Finance chair questions IRS’s use of law firm in taxpayer audit

May 5 - Finance Committee tax reform working groups to make presentations

April 2015

Apr 30 - Finance passes 529 college savings plan bill

Apr 29 - FY 2016 congressional budget resolution

Apr 16 - House passes permanent sales tax deduction, estate tax repeal

March 2015

Mar 30 - JCT summary of U.S. tax system (2015)

Mar 27 - Budget resolutions approved by House, Senate

Mar 24 - Congress begins consideration of budget proposals

Mar 24 - Ways and Means to mark up eight bills

Read TaxNewsFlash-Tax Reform

• April 2019: KPMG report: Twenty questions about possible technical corrections to 2017 Tax Act [PDF 317 KB]
• January - March 2018: Tax reform—KPMG report on new tax law [PDF 6.4 MB] (in addition, the items below provide "mini-booklets" with descriptions of tax provisions in the new law concerning certain industries or sectors)
  • Tax reform: Provisions relevant to compensation, benefits, & qualified plans [PDF 637 KB]
    
  • New tax law: International provisions and observations [PDF 473 KB]
    
  • Tax reform and the potential impacts to the banking industry [PDF 1.4 MB]
    
  • Tax reform: Issues for exempt organizations (Pub. L. 115-97) [PDF 316 KB]
  • New tax law (Pub. L. 115-97)—Energy & natural resources [PDF 1.8 MB]
  • Issues for partnerships, S corporations, and their owners [PDF 589 KB] 
  • Power and utilities industry measures in new tax law [PDF 944 KB]
  • Tax reform, accounting for income taxes [PDF 487 KB]
  • Accounting for U.S. tax reform under IFRS [PDF 415 KB]

• December 2017: Conference agreement for H.R. 1, Tax Cuts and Jobs Act - Initial observations [PDF 1.1 MB]
• December 2017: Senate tax reform bill—Initial observations on Senate-passed bill [PDF 1.7 MB]
• November 2017: Senate tax reform bill—Initial observations on Finance Committee bill [PDF 1.3 MB]
• November 2017: House Republican tax reform bill—Initial observations on House-passed bill [PDF 1.8 MB]
• November 2017: Senate tax reform bill—Initial observations on Chairman Hatch's mark [PDF 1.1 MB]
• November 2017: House Republican tax reform bill—Initial observations on Ways and Means Committee bill [PDF 1.8 MB]
• November 2017: House Republican tax reform bill—initial observations on Chairman Brady's mark [PDF 1.7 MB]
• September 2017: Unified framework for comprehensive tax reform—initial observations [PDF 1.0 MB]
• June 2016: House Republican tax reform “blueprint”—initial observations
• March 2016: Preliminary observations about JCT “Bluebook”description of partnership audit reforms
• February 2016: Tax provisions in the administration’s FY 2017 budget [PDF 1.1 MB] (in addition, the items below provide "mini-booklets" with descriptions of tax provisions in the administration's FY 2017 budget concerning certain industries or sectors)
      -  Closely held businesses and their owners [PDF 549 KB]
      -  Compensation, benefits, & qualified plans [1.05 MB]
      -  Exempt organizations [PDF 1.01 MB]
      -  Insurance [PDF 1.7 MB]
      -  Passthroughs [PDF 1.35 MB]
• January 2016: Protecting Americans from Tax Hikes Act of 2015, year-end tax legislation [PDF 468 KB]
• November 2015: Partnership tax changes in Budget Act [PDF 184 KB]
• September 2015 (KPMG reports): International tax, patent boxes, and tax reform [PDF 3.62 MB] 
• 2014: Tax reform proposals of W&M chairman [PDF 2.92 MB] (2014 "Camp report")
• 2015: Comparison: Camp tax reform bill, Obama Administration FY 2016 budget proposal [PDF 693 KB] 
• 2015: Tax provisions in the administration FY 2016 budget (in addition, provides "mini-booklets" with descriptions of tax provisions in the administration's FY 2016 budget)