The U.S. Treasury Department and IRS released a third quarter update to the 2017-2018 priority guidance plan.
The third quarter update [PDF 154 KB] includes 13 new projects.
The priority guidance plan lists guidance projects that Treasury hopes to complete during the plan year that ends at the end of June 2018. According to a statement announcing the release of the priority guidance plan update, most of the projects do not involve the issuance of new regulations. Some of the projects on the plan are described as reducing regulatory burdens.
The priority guidance plan includes some projects relating to the initial implementation of last year’s major tax law (Pub. L. No. 115-97, commonly called the “Tax Cuts and Jobs Act”). Some of these projects were listed in a previous update to the guidance plan released in February 2018. Read TaxNewsFlash
Projects relating to the 2017 tax law include:
The third quarter update to the priority guidance plan also includes the following other projects:
The Office of Information and Regulatory Affairs (OIRA) of the Office of Management and Budget (OMB) also released its Spring 2018 Unified Agenda of Regulatory and Deregulatory Actions.
The agenda includes an agency rule list with respect to the Department of Treasury. This list includes both tax and trade and customs projects.
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