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Legislative update: Congress approves government funding, with tax provisions

Congress approves government funding, tax provisions

The U.S. Senate today passed government funding legislation (H.R. 1865) by a vote of 71 to 23.

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The U.S. House of Representatives passed the legislative package on December 17, 2019. Therefore, with Senate passage today, the legislation will now be sent to the White House for action by the president.


Tax provisions included

H.R. 1865 includes four revenue divisions, containing tax provisions estimated to lose $426.3 billion in revenue over 10 years.

Read TaxNewsFlash for more information on the tax provisions in H.R. 1865.

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