Tax Reform: Expectations for 2017 | KPMG | US
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Tax reform in the United States


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New Tax Law

KPMG LLP has prepared a report about the new tax law in the United States. This report includes expanded discussions, analysis, and observations about provisions of the new tax law.

*To read industry or sector-specific reports about provisions in the new tax law, scroll to the bottom of the page.

KPMG's website is currently being upgraded. The most recent articles are available here.


Dec 18 - Proposed regulations on hybrid dividends, payments provision; OIRA review completed

Dec 18 - IRS releases draft instructions for Form 965 series

Dec 17 - KPMG report: Analysis and observations about “BEAT” proposed regulations

Dec 17 - Proposed regulations on “BEAT” released to Federal Register

Dec 17 - Regulations pending OIRA review, section 250 deductions for foreign-derived intangible income and GILTI

Dec 17 - KPMG report: Initial impressions of Notice 2019-01 and “PTEP” guidance

Dec 14 - Notice 2019-01: Future regulations, foreign corporations with previously taxed earnings and profits (text of notice)

Dec 14 - Regulations pending OIRA review, section 199A and 20% deduction for passthrough business income

Dec 14 - KPMG report: Initial impressions about Rev. Proc. 2019-10, computing insurance company reserves

Dec 14 - KPMG report: Initial impressions, proposed regulations under section 59A (“BEAT”)

Dec 13 - Proposed regulations implementing “BEAT” provision under section 59A (text of regulations) 

Dec 13 - Rev. Proc. 2019-10: Insurance company, method of accounting change for computing reserves (text of revenue procedure)

Dec 13 - IRS releases Form 5471 and draft instructions for 2018

Dec 13 - OIRA review completed; proposed regulations implementing “BEAT” provision

Dec 12 - KPMG report: Initial impressions, FAQs on “transition tax” under section 965 for 2018 returns

Dec 12 - IRS provides FAQs, “transition tax” under section 965 for 2018 returns

Dec 12 - IRS provides draft version of Form 965 instructions

Dec 11 - OIRA review completed, proposed regulations under section 864(c)(8), gain or loss from sales of U.S. partnership interests

Dec 11 - Draft instructions, Form 8990: Business interest expense limitation, section 163(j)

Dec 11 - Notice 2018-100: Waiver of estimated tax penalties attributable to fringe benefit UBTI

Dec 10 - Ways and Means Chairman Brady releases modified version of tax package

Dec 10 - Notice 2018-99: Parking expenses as qualified transportation fringe benefits, nondeductible amount

Dec 7 - Notice 2018-97: Initial guidance, new tax benefit for stock options and restricted stock units

Dec 6 - Final regulations pending OIRA review, section 965 transition tax

Dec 5 - KPMG report: Tax planning guide 2019, for individual taxpayers

Dec 4 - Proposed foreign tax credit regulations released to Federal Register

Dec 4 - Proposed regulations pending OIRA review, gain or loss from sales of U.S. partnership interests

Dec 3 - KPMG report: Insurance industry implications of proposed regulations under section 163(j)

Nov 30 - KPMG report: Initial impressions, foreign tax credit proposed regulations

Nov 30 - KPMG report: Implications of section 163(j) proposed regulations for exempt organizations

Nov 29 - Rev. Proc. 2018-60: Automatic consent procedures, timing of revenue recognition 

Nov 28 - KPMG report: Initial impressions of proposed regulations under section 163(j), business interest limitation

Nov 28 - Proposed regulations: Foreign tax credit provision under new U.S. tax law (text of regulations)

Nov 27 - Rev. Proc. 2018-59: Infrastructure safe harbor and section 163(j) business interest limitation

Nov 26 - Brady releases tax bill with technical corrections, retirement, extenders, other provisions

Nov 26 - Proposed regulations under section 163(j), business interest limitation (text of regulations)

Nov 26 - Notice 2018-92: Interim guidance, tax withholding, wages and retirement and annuity distributions

Nov 24 - OIRA review completed, proposed regulations on foreign tax credit

Nov 21 - OIRA review completed, proposed regulations under section 163(j) and the business interest limitation

Nov 20 - Proposed regulations: Basic exclusion amount, estate and gift taxes (text of regulations)

Nov 13 - Proposed regulations on hybrid dividends, payments provision pending OIRA review

Nov 9 - IRS priority guidance plan for 2018-2019

Nov 8 - Proposed regulations on foreign tax credit provision, pending OIRA review

Nov 7 - IRS adds FAQs on filing transfer agreements relating to Code section 965

Nov 6 - Proposed regulations implementing “BEAT” provision, pending OIRA review

Nov 6 - Proposed regulations: Form 4720 filing requirement for Chapter 42 excise taxes, abatement

Nov 6 - Proposed regulations: Modification of discounting rules for insurance companies

Nov 5 - Proposed regulations: Discounting rules for insurance companies (text of regulations)

Nov 4 - KPMG report: Initial impressions of proposed regulations coordinating sections 956 and 245A

Nov 1 - Proposed regulations under section 956, released to Federal Register

Oct 31 - Proposed regulations: Amount determined under section 956 for corporate U.S. shareholders (text of regulations)

Oct 30 - Hearing on proposed “bonus depreciation” regulations scheduled for November 28

Oct 26 - Proposed regulations: Removal of regulations on advance payments, goods and long-term contracts

Oct 25 - Proposed regulations pending OIRA review: Section 163(j) business interest limitation

Oct 25 - Proposed regulations for opportunity zones, released in Federal Register

Oct 25 - IRS resource, new tax law measures for exempt organizations

Oct 22 - KPMG report: Initial impressions of proposed regulations: Opportunity zones and deferral of gains

Oct 22 - Massachusetts: Corporate excise tax treatment of GILTI measures

Oct 19 - Proposed regulations: Opportunity zones, deferral of gains (text of regulations)

Oct 18 - KPMG report: New section 163(j)—partnership issues

Oct 18 - Notice 2018-84: Personal exemption at “zero,” health plan implications

Oct 18 - OIRA review completed, opportunity zone regulations

Oct 17 - U.S. Treasury’s list of regulatory projects, implementing new tax law provisions

Oct 16 - U.S. guidance on claiming tax credits, reduced tax rates (imported spirits, beer, wine)

Oct 12 - KPMG report: Initial impressions of proposed GILTI regulations

Oct 12 - Proposed regulations under section 965; public hearing on October 22

Oct 12 - Proposed regulations: Removing existing regulations on advance payments for goods, long-term contracts

Oct 9 - New Jersey: Legislation includes rules concerning taxation of GILTI and FDII-determined amounts of income

Oct 9 - Notice of additional guidance under section 965

Oct 8 - IRS allows more time for filing transfer agreement under section 965

Oct 8 - KPMG report: Cross-border income inclusions (including GILTI) treated as REIT qualifying income

Oct 8 - KPMG report: Notice 2018-68 guidance under section 162(m); narrowly crafted grandfathering provision

Oct 8 - KPMG report: Proposed regulations under section 199A

Oct 8 - South Carolina: Federal tax conformity legislation

Oct 4 - Guidance on procedures, requirements relating to alcohol excise tax

Oct 4 - IRS reminder: Electing out of 100% bonus depreciation deduction for 2017; October 15 deadline for certain taxpayers

Oct 3 - Proposed regulations under GILTI provisions released in Federal Register

Oct 3 - Notice 2018-76: Transitional guidance on deductibility of business meal expenses

Oct 1 - Notice 2018-78: Basis adjustment election under section 965 proposed regulations

Sep 28 - House passes third “tax reform 2.0” bill to extend new tax law provisions

Sep 27 - House passes two bills under “tax reform 2.0”

Sep 27 - Notice 2018-80: Future regulations to provide market discount not includible in income under section 451(b)

Sep 27 - IRS releases draft instructions for Form 1040 for 2018

Sep 25 - Notice 2018-71: Employer credit, for paid family and medical leave unavailable to section 501(c)(3) organizations

Sep 24 -  Notice 2018-71: Employer credit for paid family and medical leave (Q&As)

Sep 24 - KPMG report: New section 163(j)—partnership issues

Sep 24 - KPMG report: New section 163(j)—selected issues

Sep 21 - IRS provides draft instructions for Form 8992 (GILTI)

Sep 21 - Notice 2018-75: Employer reimbursements made in 2018 for employee moving expenses in 2017

Sep 19 - Notice 2018-74: Modified “safe harbor” explanations for plan administrators to provide for recipients of rollover distributions

Sep 17 - Massachusetts: Measures concerning state tax implications of Code section 965 and GILTI provisions

Sep 17 - TTB guidance: “Single taxpayer” rules for excise tax credits, reduced rates on beer, wine, distilled spirits

Sep 13 - Proposed regulations under GILTI provisions (text of regulations) 

Sep 13 - Rev. Proc. 2018-48: REIT items of income, foreign currency gain under GILTI provisions

Sep 13 - Proposed regulations for opportunity zones, pending OIRA review

Sep 13 - Ways and Means approves “tax reform 2.0” bills

Sep 11 - Ways and Means schedules markup of “tax reform 2.0” bills

Sep 10 -  Ways and Means announces introduction of “tax reform 2.0” bills 

Sep 10 - Maine: Federal tax conformity including measures concerning Code section 965 and GILTI provisions

Sep 8 - Update on proposed regulations under GILTI provisions

Sep 6 - IRS provides draft version of Form 8991 for “BEAT” reporting

Sep 6 - IRS provides draft versions of schedules for Form 965

Sep 6 - Rev. Proc. 2018-47: Excise tax relief for RICs with section 965 inclusions

Sep 5 - Business taxpayer payments to state, local tax credit programs generally deductible; IRS response to inquiries on proposed regulations

Sep 5 - IRS provides draft versions of Form 965 and Schedule H

Aug 28 - Notice 2018-70: Future regulations on “qualifying relative” and personal exemption amount (new tax law measures)

Aug 27 - Kentucky: Guidance on state tax treatment of GILTI

Aug 27 - North Dakota: Tax treatment under new federal tax law

Aug 24 - KPMG report: State and local tax credits and charitable contributions, proposed regulations

Aug 23 - Proposed regulations: State and local tax credits and charitable contributions (text of regulations)

Aug 23 - Proposed GILTI regulations pending OIRA review; IRS draft forms for GILTI reporting 

Aug 22 - Rev. Proc. 2018-44: Accounting method change, “eligible terminated S corporation” (new tax law)

Aug 21 - Notice 2018-68: Guidance on deduction limitation for remuneration paid to “covered employee” under section 162(m) (new tax law)

Aug 21 - Notice 2018-67: Guidance for new UBTI rules under section 512(a)(6)

Aug 20 - OIRA review completed on SALT credits, charitable contribution regulations

Aug 20 - Vermont: Guidance on state tax treatment of GILTI, IRC section 199A deduction

Aug 16 - Senate Finance Committee Republicans identify issues for technical corrections, regulatory guidance for new tax law

Aug 15 - U.S. Treasury, CBP interim final rule; alcohol excise tax refunds

Aug 10 - KPMG report: Issues and analysis of section 965 proposed regulations

Aug 10 - Proposed regulations under section 199A released for publication in Federal Register

Aug 9 - Proposed bonus depreciation regulations and 2018 filing season: Opportunities and pitfalls

Aug 8 - Initial impressions: Proposed regulations, IRS guidance for section 199A and 20% deduction for passthrough qualified business income

Aug 8 - Proposed regulations: Section 199A, 20% deduction for passthrough qualified business income (text of regulations)

Aug 8 - Separate guidance for cooperatives expected under section 199A 

Aug 6 - Rev. Proc. 2018-40: Automatic consent, small businesses seeking accounting method change

Aug 6 - Alabama: Preliminary guidance, state tax implications of new federal tax law

Aug 6 - Vermont: Guidance on state tax treatment of income under IRC section 965

Aug 3 - Proposed regulations: Additional first year depreciation deduction under section 168 (text of regulations)

Aug 3 - Proposed regulations under section 965 released for publication in Federal Register

Aug 3 - IRS Chief Counsel memo: Overpayments and section 965(h)

Aug 3 - Notice 2018-62: Future regulations on contribution limits for ABLE accounts

Aug 2 - What regulations could be released next? Regulations under sections 199A and 385

Aug 1 - Text of regulations, section 965 “transition tax”

Jul 30 - Notice 2018-58: Future regulations to clarify section 529 re-contributions, rollovers, qualified expenses

Jul 30 - Connecticut: Department of Revenue guidance on state tax treatment of GILTI

Jul 30 - Utah: Legislation enacted addressing state implications of IRC section 965, NOL changes

Jul 24 - Ways and Means chairman releases framework for “tax reform 2.0”

Jul 20 - TTB guidance: Excise tax, transfers of beer between breweries not of same ownership

Jul 17 - KPMG report: Transfer pricing in the age of tax reform

Jul 16 - Status of expected regulations; section 965 “transition tax”

Jul 13 - Notice 2018-61: Future regulations to clarify effect of section 67(g) for estates and trusts

Jul 10 - KPMG report: New excise tax on compensation exceeding $1 million, paid by tax-exempt organizations

Jul 9 - Georgia: Guidance on state tax treatment of income under IRC section 965

Jul 9 - New Jersey: State tax measures, responding to new federal tax law

Jul 9 - Vermont: Federal tax conformity

Jul 5 - KPMG video: Tax reform and U.S. international tax provisions

Jul 2 - IRS new “compliance campaigns” include section 965 transition tax (under new tax law)

Jul 2 - Pennsylvania: State tax treatment of federal bonus depreciation by corporate taxpayers

Jun 28 - CBP guidance: Refunds of excise tax on imported beer, wine, distilled spirits (pursuant to new tax law)

Jun 28 - TTB guidance: Calculating effective tax rates for distilled spirits products (pursuant to new tax law)

Jun 27 - SEC staff comments: Accounting for tax reform, implementing new standards

Jun 20 - Notice 2018-48: List of population census tracks as designated qualified opportunity zones

Jun 19 - Rev. Proc. 2018-35: Automatic change, method of accounting for citrus replanting costs

Jun 18 - Colorado: Guidance on reporting IRC section 965 income

Jun 18 - North Carolina: Federal tax conformity legislation

Jun 18 - Rhode Island: Proposed regulation on corporate tax treatment of section 965 income

Jun 14 - U.S. Treasury’s final update of list of opportunity zones (June 2018)

Jun 14 - KPMG report: Federal developments supplement to KPMG’s report on new tax law

Jun 11 - Michigan: Guidance on corporate tax treatment of mandatory repatriation pursuant to IRC section 965

Jun 8 - Notice 2018-55: Future regulations for private colleges, universities on “endowment excise tax”

Jun 7 - IRS updates list of FAQs on opportunity zones

Jun 5 - KPMG report: Mineral interest income, eligible for section 199A deduction?

Jun 5 - KPMG report: Tax reform and publicly traded partnerships

Jun 4 - IRS again updates FAQs, “transition tax” under Code section 965; penalty relief and filing information

May 31 - Treasury offers expanded relief for producers claiming wine production credit

May 25 - Notice 2018-42: Modifications to standard mileage rates for 2018

May 23 - Notice 2018-54: Future regulations to address state and local tax deductions

May 22 - U.S. Treasury updates list of opportunity zones (May 2018)

May 21 - Massachusetts: Estimated tax penalty relief, corporations affected by IRC section 965 “transition tax” on deferred foreign earnings

May 21 - Tennessee: Legislation to “decouple” from provisions under new federal tax law

May 18 - Iowa: Federal tax conformity legislation, other measures

May 17 - Connecticut: New partnership-level tax, in response to federal tax changes

May 17 - Indiana: Federal tax conformity legislation enacted

May 14 - Hawaii: Tax conformity legislation reflects measures related to federal tax reform

May 10 - Third quarter update to IRS, Treasury priority guidance plan 2017-2018

May 9 - Rev. Proc. 2018-31: List of automatic changes; certain accounting method changes reflecting new tax law

May 8 - Notice 2018-30: Section 382 recognized built-in gains, losses determined without regard to section 168(k) immediate expensing

May 7 - Alabama: Guidance relating to IRC section 965

May 7 - Florida: Guidance on corporate tax treatment under IRC section 965

30 Apr - Pennsylvania: Guidance on state tax treatment of amounts subject to “transition tax” of section 965

Apr 27 - Notice 2018-43: Recommendations requested for IRS, Treasury guidance, including guidance to implement new tax law

Apr 27 - Rev. Rul. 2018-11: Inflation adjustment for certain debt instruments, as revised by new tax law

Apr 26 - Rev. Proc. 2018-27: Changes to HSA contribution limitation for 2018, relief measures

Apr 26 - IRS provides FAQs on qualified opportunity zones, under new tax law

Apr 26 - Notice 2018-41: Future regulations, information reporting on reportable policy sales of life insurance contracts (new section 6050Y)

Apr 26 - Rev. Rul. 2018-13: State-assumed interest rates, insurance company post-2016 reserves

Apr 24 - First congressional hearing on new U.S. tax law

Apr 24 - Kentucky: Tax reform legislation includes federal tax conformity measures

Apr 23 - KPMG report: Employer credit, paying employees for family or medical leave

Apr 23 - Nebraska: Update on federal tax conformity

Apr 23 - Oregon: Federal tax conformity; guidance on transition tax on repatriations under IRC section 965

Apr 23 - Rhode Island: Guidance on transition tax on repatriated foreign income under IRC section 965

Apr 19 - U.S. Treasury updates list of opportunity zones, under new tax law

Apr 17 - Rev. Proc. 2018-25: Automobile depreciation deduction limits for 2018, reflecting new tax law

Apr 16 - Notice 2018-38: Fiscal year U.S. corporations to pay “blended” income tax rate under new tax law

Apr 16 - Arizona: Federal tax conformity legislation enacted

Apr 16 - Connecticut: Guidance on state tax treatment of mandatory repatriation amounts under IRC section 965

Apr 14 - IRS updates FAQs, “transition tax” on foreign earnings under Code section 965

Apr 13 - IRS reminder: Combat zone tax benefits, Armed Forces service in Sinai Peninsula, retroactive to June 2015

Apr 13 - Notice 2018-37: Future regulations to clarify effective date, trust income payment to former spouse

Apr 13 - Rev. Proc. 2018-22: Corrected AMT phaseout threshold amount for estates, trusts

Apr 12 - Notice 2018-35: Transitional guidance, accrual method taxpayers deferring advance payments from income

Apr 9 - IRS Publication 5292: Calculating section 965 amounts, elections available for 2017 returns

Apr 9 - First round of opportunity zones released, under new tax law

Apr 9 - Tennessee: Guidance on state tax treatment of repatriated income under IRC section 965

Apr 9 - Wisconsin: Federal tax conformity legislation enacted

Apr 3 - New York: State budget includes federal tax reform-related changes

Apr 2 - Revised draft instructions for cooperatives, Form 1120-C for 2017, to reflect new tax law measures

Apr 2 - Initial impressions on Notice 2018-28, computing business interest expense limitation under section 163(j)

Apr 2 - Initial impressions on Notice 2018-26 and guidance under section 965; special elections, reporting and paying the “transition tax”

Apr 2 - Initial impressions on Notice 2018-29, withholding on transfers of non-publicly traded partnership interests

Apr 2 - Notice 2018-28: Computing business interest expense limitation under section 163(j)

Apr 2 - Notice 2018-26: Special elections under section 965, reporting and paying the “transition tax”

Apr 2 - Notice 2018-29: Transfers of non-publicly traded partnership interests, withholding on transfers

Apr 2 - Florida and Georgia: Federal tax conformity legislation enacted

Mar 27 - Notice 2018-23: Transitional guidance on expanded nondeductibility of certain fines, penalties and information reporting

Mar 27 - Section 199A implications for cooperatives under appropriations legislation

Mar 26 - Illinois, New Jersey, Utah: Guidance on state treatment of “transition tax” on foreign earnings under new Code section 965

Mar 19 - Idaho: Federal tax conformity bills

Mar 13 - IRS provides FAQs about “transition tax” on foreign earnings (new Code section 965)

Mar 12 - KPMG report: Tax reform implications for R&D activities

Mar 12 - Georgia: Federal tax conformity and rate reduction legislation enacted

Mar 5 - Temporary relief for producers claiming the wine production credit under new tax law

Mar 5 - Virginia: Federal tax conformity legislation

Mar 2 - Rev. Proc. 2018-18: Inflation adjustments for 2018, revised to reflect new tax law

Mar 1 - Notice 2018-18: Future "carried interest" regulations to clarify partnership interests held by S corporations

Feb 28 - IRS updates Form W-4, “withholding calculator” to reflect tax law changes

Feb 26 - West Virginia: Federal corporate income tax conformity legislation

Feb 19 - KPMG report: Qualified opportunity zone investments under new U.S. tax law

Feb 19 - New York: Proposed relief, federal tax law repeal of uncapped state and local tax deduction

Feb 15 - Rev. Proc. 2018-17: Effects of prohibited tax year changes for “specified foreign corporations”

Feb 14 - Rev. Proc. 2018-17: Initial impressions, section 965 and “specified foreign corporations” changing tax years

Feb 13 - Rev. Proc. 2018-17: Requests by foreign corporations changing tax year, application of section 965

Feb 12 - Connecticut: Proposed “decoupling” from certain provisions under federal tax law

Feb 12 - Idaho: Updated conformity measures, federal tax law

Feb 8 - IRS guidance projects, implementing new tax law provisions

Feb 7 - JCT report describing federal tax law

Feb 6 - IRS release: New tax law, no changes to pension plan cost-of-living adjustments for 2018

Jan 31 - New tax law implications, Alaska native corporations, settlement trusts

Jan 29 - FAQs recharacterization of Roth IRA contributions under new tax law

Jan 29 - Notice 2018-14: Withholding tax guidance, implementing new income tax law

Jan 22 - New York: State tax agency report, implications of federal tax reform for New York taxpayers

Jan 19 - Notice 2018-13: Additional guidance about “transition tax” on foreign earnings (new Code section 965)

Jan 18 - KPMG report: New tax measures affecting partnerships, S corporations, and their owners

Jan 17 - KPMG report: Accounting for U.S. tax reform under IFRS

Jan 8 - KPMG report: Power and utilities industry measures in new tax law

Jan 8 - U.S. states start to address federal tax reform

Jan 5 - KPMG report: Tax reform, accounting for income taxes


Dec 29 - Notice 2018-08: Revised timeline, guidance on implementing new section 1446(f), publicly traded partnerships

Dec 29 - Notice 2018-07: "Transition tax" on foreign earnings (new Code section 965)

Dec 29 - Insurance: Mandatory repatriation considerations under new tax law

Dec 22 - SEC relief to registrants, new U.S. tax law

Dec 22 - KPMG report: Private equity funds—certain measures in new tax law

Dec 22 - KPMG report: New tax law (H.R. 1)—Initial observations

Dec 22 - President signs tax bill into law

Dec 20 - KPMG report: Tax reform for tax-exempt organizations and donors 

Dec 20 - House passes revised conference agreement, completing congressional action on tax reform bill

Dec 20 - Senate passes tax reform conference agreement, with revisions

Dec 19 - House passes “Tax Cuts and Jobs Act” conference agreement

Dec 18 - KPMG report: Insurance provisions in “Tax Cuts and Jobs Act” conference report

Dec 18 - KPMG report: Initial analysis, observations of tax reform conference agreement

Dec 15 - Tax reform conference committee reaches agreement, bill text is released

Dec 13 - Tax reform conference committee convenes

Dec 12 - EU finance ministers express concerns about U.S. tax reform proposals

Dec 11 - JCT macroeconomic analysis of House tax reform bill

Dec 11 - JCT comparison of revenue estimates of House and Senate-passed tax reform bills

Dec 7 - Conferees for tax reform conference

Dec 7 - JCT comparison of House- and Senate-passed tax reform bills

Dec 6 - KPMG report: Tax reform for tax-exempt organizations and donors

Dec 4 - Conference on tax reform bills; House conferees named; Senate rules preclude certain items

Dec 4 - KPMG report: Insurance provisions in tax bill passed by U.S. Senate

Dec 4 - KPMG report: Preliminary analysis and observations regarding Senate-passed bill

Dec 2 - Senate passes tax reform bill: Modifications made on Senate floor

Nov 30 - Explanation, macroeconomic estimate of reconciliation (tax reform) bill in Senate

Nov 29 - KPMG report: Tax reform proposals, implications for banking and capital markets

Nov 28 - Senate Budget Committee votes to send tax reform bill to Senate floor

Nov 28 - KPMG report: Income tax accounting considerations of U.S. tax reform

Nov 27 - KPMG report: Oil, gas and mining provisions—House, Senate Finance Committee versions of tax reform bills 

Nov 22 - KPMG report: Provisions affecting private equity funds in tax reform bills—House bill and Senate Finance Committee bill

Nov 21 - KPMG report: Insurance provisions in tax reform approved by Senate Finance Committee (as of November 20)

Nov 20 - Senate Finance Committee releases tax reform bill text

Nov 18 - KPMG report: Senate tax reform bill—Initial observations on Finance Committee bill

Nov 17 - JCT revenue estimate of Senate Finance-approved tax reform bill

Nov 16 - Senate Finance Committee approves tax reform bill, including Chairman’s “manager’s amendment” 

Nov 16 - KPMG’s analysis on House tax reform bill; House passes H.R. 1

Nov 15 - Senate Finance Chairman’s modified mark, correction made to tax bracket calculations

Nov 15 - Initial impressions: Senate Finance Chairman's modified mark

Nov 15 - Senate Finance Chairman’s modified mark is released

Nov 14 - KPMG report: Insurance provisions in tax bill approved by Ways and Means Committee

Nov 14 - KPMG report: Power and utilities provisions, Ways and Means tax reform bill

Nov 14 - KPMG report: Tax reform proposals that may affect tax-exempt organizations and donors

Nov 14 - JCT report, distributional effects of Ways and Means tax bill

Nov 13 - KPMG report: Senate tax reform bill—Initial observations on Chairman Hatch's mark

Nov 12 - Senate Finance Committee staff's description of tax reform bill

Nov 11 - KPMG report: House Republican tax reform bill—Initial observations on Ways and Means Committee bill

Nov 11 - JCT revenue table on Ways and Means tax reform bill

Nov 10 - Senate Finance tax reform markup set for Monday afternoon, November 13

Nov 10 - Text of tax reform bill, as approved by Ways and Means 

Nov 9 - Initial impressions: Ways and Means Committee approves tax reform bill

Nov 9 - U.S. Senate Finance Chairman's mark for tax reform released

Nov 9 - Ways and Means amendments for markup of tax reform bill (H.R. 1)

Nov 6 - Ways and Means begins consideration of H.R. 1; adopts amendment

Nov 5 - KPMG report: House Republican tax reform bill—initial observations on Chairman Brady's mark

Nov 3 - JCT description of tax reform bill (H.R. 1)

Nov 3 - Ways and Means “Chairman’s mark” released in advance of markup, November 6

Nov 2 - Initial impressions: Tax reform bill released in House, November 2

Nov 2 - U.S. House Ways and Means Committee releases tax reform bill

Nov 1 - Ways and Means to release tax reform bill text, November 2

Oct 26 - Tax reform bill release November 1, House passes budget resolution

Oct 20 - U.S. Senate passes budget resolution; what does this mean for tax reform?

Oct 16 - KPMG report: Tax reform implications for low-income housing credit

Oct 5 - KPMG report: What are possible state tax implications of tax reform framework?

Oct 5 - Budget resolutions passed by House, Senate Budget Committee; steps toward U.S. tax reform legislation

Oct 3 - KPMG report: Framewnork for tax reform: Implications for banking and capital markets

Sep 29 - Senate FY 2018 proposed budget resolution; implications for tax reform legislation

Sep 28 - Senate Finance Committee schedules hearing on international tax reform

Sep 27 - KPMG report: Unified framework for comprehensive tax reform, initial observations

Sep 27 - Framework for U.S. tax reform

Sep 26 - President meets with Ways and Means members on tax reform

Sep 13 - New tax reform outline to be released week of September 25

Sep 12 - Senate Finance Committee schedules hearing on business tax reform

Sep 7 - Senate Finance schedules hearing on individual tax reform

Sep 6 - President calls for tax reform, territoriality in speech in North Dakota

Sep 5 - Congress returns to busy agenda

Aug 30 - President's speech on tax reform

Aug 15 - KPMG report: Taxes and healthcare reform—now what?

Aug 3 - U.S. Senate confirms Treasury Assistant Secretary for Tax Policy

Jul 28 - Senate healthcare bill fails; tax reform implications?

Jul 27 - Administration and congressional Republican leaders release statement on tax reform

Jul 24 - KPMG report: Deferral structures based on licensing models under potential tax reform

Jul 24 - KPMG report: Federal tax reform proposals may revive dormant state tax issues

Jul 20 - Senate Finance Chairman Hatch urges shift to territorial tax system

Jul 20 - Finance Committee approves Treasury Assistant Secretary for Tax Policy

Jul 17 - JCT report: Tax reform and individuals and families, Ways and Means subcommittee hearing

Jul 14 - JCT report: Senate Finance Committee hearing on tax reform prospects, challenges

Jun 22 - KPMG report: FAQs on tax reform (substantially updated)

Jun 20 - House Speaker Ryan’s “first major speech on tax reform”

Jun 16 - Finance Chairman Hatch requests ideas, feedback on tax reform

Jun 7 - Hatch’s statement on tax reform: Revenue offsets “on the table”

May 25 - Camp tax reform proposal—revisited

May 23 - Trump Administration releases budget proposals

May 22 - JCT report: Destination-based taxation and border adjustments; report for Ways and Means hearing

May 22 - KPMG report: FAQs concerning the American Healthcare Act and taxes

May 19 - Senate Finance schedules hearing on FY 2018 budget proposals, tax reform

May 18 - Ways and Means hearing scheduled on administration’s FY 2018 budget proposals 

May 17 - Senate Finance’s Thune introduces bill to simplify, reform tax law

May 16 - JCT report on tax reform, in advance of Ways and Means’ tax reform hearing

May 11 - Ways and Means schedules hearing on tax reform

May 11 - President announces nominee for Treasury Assistant Secretary for Tax Policy

Apr 28 - Comparisons: Key aspects of president’s tax plan, House GOP blueprint, Camp tax reform bill

Apr 26 - Trump Administration releases tax reform principles

Apr 26 - CRS report on border adjustment tax and exchange rates

Apr 24 - Comparison: House GOP blueprint versus Camp tax reform proposals

Apr 20 - Treasury Secretary: Statement on possible tax reform plan

Apr 5 -  KPMG report: Questions for insurers, reinsurers raised by proposed border adjustment tax

Mar 30 - KPMG report: Tax reform considerations for life sciences companies

Mar 21 - KPMG report: Engineering and construction tax reform considerations

Feb 28 - President’s comments on taxes in speech to Congress

Feb 28 - KPMG report: Potential tax implications of healthcare reform

Feb 27 - Treasury Secretary comments about tax reform, border adjustments, “reciprocal tax”

Feb 20 - KPMG report: Employer challenges, opportunities in potential tax reform

Feb 20 - KPMG report: State tax implications of federal tax reform—FAQs

Feb 9 - Trump says, expect tax announcement in a few weeks

Feb 2 - Chairman Hatch's remarks on Senate tax reform process

Jan 24 - Tax reform and potential implications for insurance industry (tables comparing proposals)

Jan 23 - KPMG report: Possible tax reform effects on REITs

Jan 20 - Senate Finance Committee hearing on nomination of Mnuchin

Jan 17 - Preparing for BEPS under the new U.S. administration

Jan 16 - KPMG report: Possible issues for real estate under House Republican “blueprint”

Jan 9 - KPMG report: Economic considerations of Trump’s tax proposals

Jan 3 - 115th Congress convenes; tax agenda items

Read more

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