On December 2, 2017, the Senate passed its version of tax reform legislation (the "Senate Bill"), advancing it to the next stage.
While the House of Representatives passed its version of tax reform (the "House Bill") on November 16, 2017, significant differences exist between the House Bill and the Senate Bill. Like the House Bill, the Senate Bill proposes dramatic changes to existing U.S. income tax law. The differences between the House and Senate bills will need to be worked out in conference.
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