SBCA

Supporting favorable federal tax & employee benefit laws for small businesses & their owners


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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February 10 and 11, 2018 SBCA Annual Meeting/Dinner Hilton San Diego Bayfront, One Park Boulevard, San Diego, CA 92101 Enclosed here is a registration form and proxy for the 2018 SBCA Annual Meeting to be held at Hilton San Diego Bayfront, One Park Boulevard, San Diego, California 92101. The meeting will begin on Saturday afternoon, February 10, 2018 (4:00 p.m. – 8:30 p.m.) focusing on business matters, legislative updates, and...

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Hi folks, Just wanted to give you another quick update on the SBCA’s efforts on the tax reform front. As some of you may know, I’m a member of Senator Ben Cardin’s tax advisory group. The other day, he and Senator Van Hollen met with that group by conference call to discuss the upcoming tax reform bill in the Senate.  The call lasted for an hour.  The Senators started with a recap which did not shed much light on the behind the scenes...

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In This Alert:  What’s Going on With Health Care What We’ve Been Up To Over the past forty-eight hours, the Trump Administration took two significant actions on health care which are clearly intended to undermine the Affordable Care Act (ACA) but which also have the potential to create a great deal of both short and long term turmoil and uncertainty in the health insurance sphere. First, on Thursday morning, the President issued an...

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