Member’s Only


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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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...

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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...

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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...

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