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Read KPMG's reports of tax developments in response to the coronavirus (COVID-19)—including legislative updates

Jan 14 - President-elect Biden announces “American Rescue Plan”—includes tax components

Jan 6 - KPMG report: Tax policy implications of possible Democratic Senate

Jan 4 - New Congress begins

Jan 4 - Beneficial ownership reporting requirement in defense authorization veto override

Dec 30 - Favorable tax provisions for renewable energy industry enacted

Dec 29 - Permanent reduction of excise tax rates for beer and spirits, tax credits for wine

Dec 28 - President signs year-end funding, COVID-19 relief legislation; tax provisions are enacted

Dec 23 - President vetoes defense authorization bill; status of year-end funding and COVID relief bill uncertain

Dec 22 - Compensation and benefit-related tax provisions in year-end funding and COVID relief legislation

Dec 22 - Year-end funding and COVID relief legislation; charitable giving provisions extended, expanded

Dec 21 - Year-end funding and COVID relief legislation; includes important tax measures

Dec 21 - Proposal to clarify the deductibility of PPP expenses

Dec 11 - Senate passes defense bill with anti-money laundering disclosure provisions

Dec 7 - House passes bill with cannabis tax provisions

Nov 11 - KPMG report: Election results so far; preliminary observations regarding effect on future tax agenda

There were no articles in October 2020.

Sep 28 - KPMG report: Trump campaign’s tax proposals (FAQs)

Sep 14 - KPMG report: Biden’s tax proposals (FAQs updated September 14)

Aug 26 - Senate Finance Committee report on syndicated conservation-easement transactions

Aug 24 - KPMG report: Biden’s tax proposals (updated FAQs)

Aug 4 - KPMG report: Biden’s tax proposals (FAQs)

Jul 30 - House passes child care support bill, includes tax provisions (COVID-19)

Jul 29 - Compensation and benefits issues in Senate Republican COVID-19 bills released this week

Jul 28 - Senate Republican proposals would limit withholding for remote workers, nexus for employers (COVID-19)

Jul 27 - Senate Republicans release COVID-19 response bills, with tax provisions

Jul 10 - Congress passes unemployment relief for tax-exempt entities (COVID-19)

Jul 6 - Extension of PPP loan application deadline enacted (COVID-19)

Jul 2 - Congress passes PPP extension bill; House passes infrastructure bill (COVID-19)

Jun 22 - House infrastructure bill released, contains tax provisions

Jun 5 - President signs legislation providing payroll tax deferral for taxpayers with forgiven PPP loans (COVID-19)

Jun 4 - Senate passes bill, payroll tax deferral for taxpayers with forgiven PPP loans (COVID-19)

May 28 - House passes bill, payroll tax deferral for taxpayers with forgiven PPP loans (COVID-19)

May 15 - House passes COVID-19-related legislation (HEROES Act)

May 12 - COVID-19-related legislation unveiled in House, includes tax proposals

May 1 - JCT summary of current federal tax system (2020)

Apr 24 -  President signs PPP funding legislation

Apr 23 - House passes COVID-19 legislation, with additional Paycheck Protection Program funds

Apr 22 - JCT description of tax provisions in CARES Act

Apr 21 - Senate passes COVID-19 legislation, with additional Paycheck Protection Program funds

Apr 9 - Legislation to increase CARES Act funding fails in Senate

Apr 7 - Senate to propose additional funding for Paycheck Protection Program this week (COVID-19)

Mar 27 - President signs CARES Act “phase 3” COVID-19 bill, following House passage

Mar 27 - KPMG report: Tax provisions in the CARES Act (COVID-19 “phase 3” response): Preliminary analysis and observations

Mar 26 - Senate passes “phase 3” coronavirus (COVID-19) bill

Mar 25 - Senate’s “phase 3” coronavirus (COVID-19) bill; initial impressions of tax provisions

Mar 25 - Text of U.S. Senate’s “phase 3” coronavirus bill (COVID-19)

Mar 23 - House Democrats release text of “phase 3” bill, response to coronavirus (COVID-19)

Mar 23 - House to unveil “phase 3” bill, response to coronavirus (COVID-19)

Mar 22 - Senate procedural vote fails to advance updated version of “phase 3” COVID-19 bill

Mar 20 - Senator Wyden releases small business bill (COVID-19)

Mar 19 - Senate Republicans release draft “phase 3” coronavirus (COVID-19) bill, with tax provisions 

Mar 19 - President signs “phase 2” coronavirus bill, includes tax relief for paid leave (COVID-19)

Mar 18 - Senate passes bill including tax relief for paid leave relating to coronavirus (COVID-19)

Mar 17 - House passes modifications to COVID-19 bill

Mar 14 - House passes bi-partisan bill to address coronavirus (COVID-19), includes tax credit provisions

Mar 12 - House Democrats introduce bill to address coronavirus (COVID-19); possible tax relief proposals from administration

Feb 28 - House passes health-related bill, includes proposed excise tax on vaping products

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

Read archived articles [PDF 548 KB] of TaxNewsFlash-Legislative Updates

Read TaxNewsFlash-Tax Reform

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

• March 2020: KPMG report: Tax provisions in the CARES Act (COVID-19 “phase 3” response): Preliminary analysis and observations
• March 2020: KPMG report: “Phase 2” coronavirus bill, includes tax relief for paid leave (COVID-19)
• 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
• 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)

KPMG’s reports including analysis and observations on responses to the coronavirus (COVID-19) pandemic in the United States 

Read KPMG's reports on U.S. responses to COVID-19