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Troutman Sanders LLP [Communications@troutman.com] 12/18/2017 9:31:20 PM Wehrum, Bill [/o=ExchangeLabs/ou=Exchange Administrative Group (FYDIBOHF23SPDLT)/cn=Recipients/cn=33d96ae800cf43a3911d94a7130b6c41-Wehrum, Wil] Conference Committee Reaches Agreement on Tax Reform Bill
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Conference Committee Reaches Agreement on Tax Reform Bill
The House and Senate Conference Committee reached agreement on the Tax Cuts and Jobs Act (TCJA) last Friday, December 15, 2017. The text of the bill (the Conference Agreement) is available here. Prior coverage of the House bill and a prior version of the Senate bill is available here and here, respectively.
PTC and ITC
The Conference Agreement, following the Senate bill, will not change the PTC or ITC from the current law phasedown.
Corporate Tax Rates
The Conference Agreement will lower the highest corporate tax rate to 21% beginning in 2018.
Base Erosion Anti-Abuse Tax
The Senate bill included a provision that could have eliminated the benefit of the PTC and ITC for certain taxpayers subject to the base erosion anti-abuse tax (commonly known as the "BEAT"), READ MORE
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Sierra Club v. EPA 18cv3472 NDCA
Tiers 8&9
ED 002061 00183580-00001
Troutman Sanders LLP. Advertising materiai. These materials are to inform you of developments that may affect your business and are not to be considered legal advice, nor do they create a lawyer-client relationship, information on previous case results does not guarantee a similar future result.
Sierra Club v. EPA 18cv3472 NDCA
Tiers 8&9
ED 002061 00183580-00002