On November 16, the U.S. House of Representatives passed its version of the Tax Cuts and Jobs Act. The U.S. Senate Committee on Finance has begun the process of marking up its version of the tax reform bill, with a full Senate vote expected after Thanksgiving.
If you’re interested in following along with the progress of the Senate mark-up, one useful resource is the Roadmap to House and Senate Tax Reform Plans from Bloomberg News. This document is being updated regularly to reflect changes. Please note that you must register with the Bloomberg News website to access this content.
If you have questions about how the proposed tax reforms may impact you or your business, please don’t hesitate to contact us.