SBCA Raises Concerns About Senate Tax BillRead More
November 20, 2017 On November 16, 2017, the House of Representatives passed the “Tax Cuts and Jobs Act” (H.R. 1) by a 227-205 vote and the Senate Finance Committee approved its “conceptual narrative” tax reform proposal by a 14 – 12 vote along party lines. This alert will focus on the most important provisions from the viewpoint of SBCA members in both the House bill and the Senate Finance proposal as they stood as of the votes on...Read More
Protected: How Would Small Businesses and Their Owners Fare Under H.R. 1 “The Tax Cuts and Jobs Act”?
While this alert focuses on the House tax reform bill, the Tax Cuts and Jobs Act (H.R.1), it is important to recognize that this piece of legislation is just the first stop towards a final bill. The Senate Finance Committee has reported that it will be releasing its own draft tax reform bill in the near future, possibly as early as tomorrow, and it’s a good bet that the final version will look more like the Senate’s bill than the...Read More
Yesterday, the House Republican Leadership introduced its much anticipated tax reform plan – the Tax Cuts and Jobs Act (H.R.1). The bill will go to the Ways and Means Committee for mark-up next week and Chairman Kevin Brady has already offered a Chairman’s mark to tweak certain parts of the bill. It is anticipated that the bill will be changed over the weekend before the mark-up. As you may know, the budget bill anticipated a...Read More