The U.S. House and Senate Republican conferees for H.R. 1, the “Tax Cuts and Jobs Act,” have reached an agreement on a conference report that reconciles differences between the versions of the tax reform bill passed by the House and passed by the Senate.
Read text of the conference report [PDF 4.25 MB] (1097 pages)
Read a joint explanatory statement [PDF 1.77 MB] (570 pages) of the conference agreement
A summary [PDF 160 KB] of highlights of the conference agreement reveals that it would:
KPMG will provide an analysis and observations of the conference agreement in a future report.
The chairman of the conference committee, Kevin Brady (the Ways and Means chairman) has indicated that he anticipates that the House and Senate would vote on the agreement next week.
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