Posts made in December, 2017


Dear SBCA Members, Today, the House is scheduled to vote on the Conference Committee’s tax reform bill.  We expect that the bill will pass the House and move to the Senate as soon as this afternoon.  While we await the passage of the bill please find below an updated chart summarizing key provisions of the House and Senate bills as they were previously passed and the provisions of the Conference Committee bill that will be voted on...

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Update on House and Senate Tax Reform Proposals On November 16, 2017, the House of Representatives passed the “Tax Cuts and Jobs Act” (H.R. 1) by a 227-205 vote and in the wee hours of the morning on December 2, 2017, the Senate approved its version by a 51 –49 vote largely along party lines.  Because the chambers have passed different versions of the bill, the differences must now be reconciled through a conference committee.  House...

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