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Tax measures enacted (December 2019): KPMG report: Tax provisions enacted in December 2019 appropriations legislation

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

Feb 12 - Ways and Means approves bills concerning investors in medical providers, “surprise” medical bills

Jan 28 - KPMG report: Highlights of recent tax law changes for the healthcare industry

Jan 16 - JCT provides list of expiring tax provisions 2020-2029

Jan 10 - KPMG report: Highlights of 2019 appropriations legislation affecting tax-exempt organizations

Jan 8 - KPMG report: Reminder of energy-related excise tax extenders enacted in late 2019

Dec 21 - KPMG report: Tax provisions enacted in December 2019 appropriations legislation

Dec 19 - House passes bill to modify state and local tax deduction limitation

Dec 19 - Congress approves government funding, with tax provisions

Dec 17 - House approves government funding bills, including tax provisions

Dec 16 - Government funding bills include some tax provisions

Dec 11 - Ways and Means approves “SALT cap” bill

Nov 19 - Ways and Means subcommittee discussion draft of “green energy” bill

Nov 8 - Proposal to revise opportunity zone rules

Nov 1 - JCT “Bluebook” on tax legislation in 115^th Congress

Oct 24 - Ways and Means approves health-related tax bills, including proposed vaping excise tax

Oct 23 - Ways and Means drug pricing bill, with tax provision

Oct 15 - Senate Finance disaster tax relief taskforce report

Sep 17 - Senate Finance taskforce’s report on expiring health-related tax provisions

Sep 12 - Wyden’s mark-to-market plan for capital gains

Sep 10 - KPMG report: U.S. Congress back in session, possible tax agenda

Aug 28 - Senate Finance employment and community development taskforce report findings

Aug 26 - KPMG report: The “Wyden bill”—a new approach to taxing carried interest

Aug 13 - Senate Finance taskforces issue reports on expiring tax provisions

Jul 26 - “Carbon fee” legislation introduced

Jul 25 - House passes multiemployer pension bill

Jul 25 - House passes tax bill, benefits for same-sex couples (PRIDE Act)

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

Read archived articles [PDF 532 KB] of TaxNewsFlash-Legislative Updates

Read TaxNewsFlash-Tax Reform

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