Legislative Updates

Legislative Updates

TaxNewsFlash-Legislative Updates — KPMG's reports of legislative updates in the United States

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TaxNewsFlash-Legislative Updates

TaxNewsFlash-Legislative updates

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October 2015

Oct 30 - Senate passes budget agreement; bill headed to White House

Oct 29 - Who will be next Ways and Means chairman?

Oct 28 - House passes budget agreement, containing tax provisions

Oct 28 - Macroeconomic estimate of permanent “bonus depreciation” bill

Oct 27 - “Budget deal” includes tax provisions

Oct 23 - House passes reconciliation bill, includes heath care repeal

Oct 5 - BEPS final recommendations: Reaction from Ways and Means chair

Oct 2 - Internet tax moratorium extended to December 11

Oct 2 - Will international tax reform still be linked to highway bill?

Oct 1 - Airport, airways trust fund taxes are extended

 

September 2015

Sep 29 - Congress passes extension of airport, airways trust fund taxes

Sep 29 - JCT description of revenue provisions in FY 2016 budget

Sep 29 - Ways and Means approves reconciliation measure; health care repeal

Sep 28 - Ways and Means to mark up reconciliation bill; health care repeal

Sep 17 - Ways and Means approves making certain “tax extenders” permanent and modifications to the Affordable Care Act

Sep 15 - Tax writing committees schedule markups

Sep 11 - Redefining tax reform  

Sep 10 - What is an "innovation box"? Why should businesses care?

Sep 9 - Is the highway bill a possible route to limited scope business tax reform later this year?

Sep 8 Congress returns to unfinished business

 

August 2015

Aug 27 - Tax committee chairs question country-by-country reporting 

Aug 7 - Senate Finance Committee reports bill to extend expired tax preferences

Aug 5 - Macroeconomic estimate of Senate Finance “extenders” bill

 

July 2015

Jul 31 - President signs highway bill

Jul 30 - Senate passes highway bill

Jul 29 - House passes revised highway bill, revenue (tax) provisions

Jul 29 - Draft proposal for innovation box

Jul 29 - Tax provisions affecting foreign acquisitions of U.S. businesses, Senate PSI hearing

Jul 24 - Tax proposals in Senate version of highway bill

Jul 21 - Senate Finance approves two-year extension of expired provisions, with modifications

Jul 17 - Senate Finance to mark up “tax extenders”

Jul 15 - House passes highway bill containing revenue provisions

Jul 14 - House highway bill includes revenue provisions

Jul 8 - Recommendations for tax reform in reports of Finance Committee working groups

Jul 2 - Ways and Means members propose to reform partnership audit rules

 

June 2015

Jun 26 - Trade bill heading to White House includes tax provisions

Jun 22 - JCT report on taxation of repatriated foreign earnings

Jun 18 - House passes prospective medical device excise tax repeal

Jun 17 - State and local tax treatment of physical presence, multistate employees, digital goods

Jun 16 - Online sales tax bill introduced in the House

Jun 11 - House passes trade bill, includes tax provisions

Jun 10 - House approves permanent internet tax ban

Jun 9 - House scheduled to vote on permanent internet tax ban

Jun 2 - Ways and Means approves prospective medical device excise tax repeal

Jun 1 - Ways and Means to markup medical device excise tax repeal

 

May 2015

May 13 - Finance chair questions IRS’s use of law firm in taxpayer audit

May 5 - Finance Committee tax reform working groups to make presentations

 

April 2015

Apr 30 - Finance passes 529 college savings plan bill

Apr 29 - FY 2016 congressional budget resolution

Apr 16 -House passes permanent sales tax deduction, estate tax repeal

 

March 2015

Mar 30 - JCT summary of U.S. tax system (2015)

Mar 27 - Budget resolutions approved by House, Senate

Mar 24 - Congress begins consideration of budget proposals

Mar 24 - Ways and Means to mark up eight bills

Mar 18 - FY 2016 budget proposal, Senate Budget Committee chair

Mar 18 - Tax-writing committee chairs urge president to work with Congress on tax reform

Mar 17 - FY 2016 budget proposal, House Budget Committee chair

Mar 16 - Senate Finance hearing on U.S. international tax system

Mar 16 - Ways and Means hearing on estate, gift taxes

Mar 13 - JCT “Bluebook” describing enacted tax legislation

Mar 10 - Marketplace Fairness Act reintroduced in Senate

Mar 3 - Finance Committee hearing, tax avoidance strategies identified

 

February 2015

Feb 27 - New CBO director appointed

Feb 25 - House passes H.R. 529 education savings plans

Feb 13 - House passes second “tax extenders” bill

Feb 12 - House action on “tax extenders” proposals

Feb 11 - House moves to make permanent certain “tax extenders,” including research credit

Feb 11 - Finance Committee approves 17 “non-controversial” tax bills

Feb 9 - Senate Finance to consider variety of tax bills

Feb 6 - JCT report on tax expenditures prepared for Finance hearing on tax reform

Feb 4 - Ways and Means passes permanent extension of seven “tax extenders”

Feb 3 - Ways and Means to mark up permanent tax extenders bills

 

January 2015

Jan 29 - Bi-partisan repatriation, highway funding proposal

Jan 26 - CBO budget outlook, references to tax items

Jan 23 - Senate Finance chair addresses tax reform, inversions

Jan 13 - Bill to repeal medical device excise tax

 
 

Special Reports on Proposed Legislation, Enacted Tax Laws

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