TaxNewsFlash-Legislative Updates — KPMG's reports of legislative updates in the United States
Subscribe to TaxNewsFlash. Questions? Send an email.
>> Return to the TaxNewsFlash U.S. homepage
>> Go to the TaxNewsFlash "global" homepage
Read KPMG's reports of tax developments in response to the coronavirus (COVID-19)—including legislative updates
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 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
There were no articles in October 2020.
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 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)
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 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
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
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
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
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
Read archived articles [PDF 548 KB] of TaxNewsFlash-Legislative Updates
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
KPMG’s reports including analysis and observations on responses to the coronavirus (COVID-19) pandemic in the United States
© 2021 KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.
The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.