House passes nuclear power tax credit, mobile workforce | KPMG | US

House passes nuclear power tax credit, mobile workforce bills

House passes nuclear power tax credit, mobile workforce

The U.S. House of Representatives this evening passed, under a “suspension of the rules” procedure that requires the support of at least two-thirds of the voting members, two tax-related bills.

1000

Related content

  • H.R. 1551 [PDF 53 KB] would modify the tax credit for production from advanced nuclear power facilities.
  • H.R. 1393 [PDF 47 KB] the Mobile Workforce State Income Tax Simplification Act of 2017, would implement what are referred to as “mobile workforce” measures by limiting the authority of the states to tax certain income of employees for employment duties performed in other states. The bill would prohibit states from imposing individual income taxes and employer withholding obligations on income earned for the performance of employment duties by nonresidents of the state, unless the nonresident was present and performing employment duties in the state for more than 30 days in a calendar year.

With this evening’s action by the House, the bills now go to the Senate for consideration. The timing of any possible Senate action is unclear.

KPMG observation

The mobile workforce bill is similar to legislation (H.R. 2315) that the House passed last year. Read TaxNewsFlash-Legislative Updates.

Similar legislation (S. 540) has been introduced in the Senate and has 39 bi-partisan co-sponsors.

 

Read a June 2017 report prepared by KPMG LLP that describes in more detail implications of the provisions of the mobile workforce bill.

© 2017 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Request for proposal

 

Submit