This week, House Republicans unveiled a revised year-end tax bill that would includes some technical corrections to the Tax Cuts and Jobs Act, but does not include earlier provisions aimed at resurrecting expired tax breaks.
NSBA has joined with other business leaders in asking Congress to pass by the end of the year an extension for 2020 of the moratorium on the expensive and burdensome Health Insurance Tax.
On Nov. 26, House Republicans released a 297-page tax bill they hope to advance during the lame-duck session of Congress....
Earlier today, lawmakers unveiled a $1.1. trillion government spending bill which includes provisions to delay both the ACA Cadillac tax and the HIT, with a vote most likely next week.
Congress has once again put off until the very end of the year important work on tax extenders, only now working to meld the House and Senate versions passed months ago.
Congress is facing a hefty to-do list, including tax extenders and a massive spending bill that must get done by Dec. 11 in order to avert a government shutdown.
Yesterday, the Senate Finance Committee approved legislation to address the temporary tax deductions, credits and incentives that expired at the end of 2014, or so-called "tax extenders," in an effort to avoid another last-minute extension.
On Wednesday, the House is expected to vote on legislation (H.R. 880) introduced by Reps. Kevin Brady (R-Texas) and John Larson (D-Conn.) that will improve and make permanent the R&E tax credit.
Later this week, the House will vote on several bills that would permanently extend now-expired tax provisions including increased section 179 expensing and tax relief for S corporations.
This week, the Senate is preparing to take action on a bill passed by the House that would retroactively extend a variety of currently expired tax breaks, including Section 179 expensing and a host of other business credits.
