Congress Passes Final Tax Reform Bill: U.S. Tax Reform: The Current State of Play

John Crisp
Sheppard Mullin Richter & Hampton LLP
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With the affirmative vote in the House today, both Houses of Congress have now passed a final version of the Tax Cuts and Jobs Act, clearing the legislation for President Trump’s signature. President Trump is widely expected to sign the legislation into law, although White House officials have now raised the prospect that the Act may not be signed until January. This significant legislation will impact nearly every sector of the U.S. economy and U.S. individual taxpayers in all income brackets.

For reference purposes, our chart compares the competing tax proposals of the House and Senate with the final form of the Tax Cuts and Jobs Act, as cleared by Congress today.

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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