Developments in the Tax Cuts and Jobs Act 

The Tax Cuts and Jobs Act is potentially the biggest tax overhaul in three decades and would affect virtually every sector of the economy, from nonprofit organizations to property owners and developers to municipal governments and private companies.

Ballard Spahr attorneys across practice areas are monitoring legislative developments and tracking the potential influence of the bill on your interests. You can find our legal alerts—segmented by area of interest—below.


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January 8, 2018

Analysis of Key Provisions of the Tax Cuts and Jobs Act
As we are sure you know, H.R. 1, informally known as the Tax Cut and Jobs Act, became law on December 22, 2017. This new law will impact almost all taxpayers. Ballard Spahr's Tax Group has prepared a detailed summary of significant provisions of this new law relating to the taxation of individuals, partnerships, corporations and other businesses, tax credits, exempt organizations, and international tax aspects.
READ MORE >


January 3, 2018

New Tax Cuts and Jobs Act Affects Employee Benefit Plans and Executive Compensation Arrangements
The Tax Cuts and Jobs Act, signed into law by President Donald J. Trump shortly before Christmas, is the most significant tax reform legislation in more than 30 years. While early versions of the legislation would have made sweeping changes to employee benefit plans and executive compensation arrangements, the final Act has a narrower, though still significant, impact.
READ MORE >


December 26, 2017

UPDATE: President Signs Tax Reform Bill Into Law
On December 22, 2017, President Trump signed a $1.5 trillion tax cut into law just 51 days after The Tax Cuts and Jobs Act (H.R. 1) was introduced in Congress and only a week after the final version of the bill was published. The Act is President Trump’s signature legislative achievement to date and will transform U.S. tax rules for individuals and businesses, large and small. It is the most sweeping tax legislation passed in a generation, since Ronald Reagan ushered the 1986 Tax Reform Act through Congress.

While most of the Act's provisions take effect on January 1, 2018, several are effective immediately, including rules preventing prepayment of state and local real estate taxes before a $10,000 cap for individuals ($5,000 for married taxpayers filing separately) becomes effective for tax years beginning after 2017. A complete analysis of the GOP tax reform bill’s most significant provisions is available in our alert from December 20.
READ MORE >


December 20, 2017

The Final Tax Bill: A Thoughtful Analysis
Earlier today, both the House and Senate passed a $1.5 trillion tax bill. This alert distills nearly 1,100 pages released last Friday by the Conference Committee on the final tax reform bill and briefly summarizes how Republicans' $1.5 trillion tax package will impact virtually every facet of the American society and the global economy.
READ MORE >


December 7, 2017

For Consideration: Possible Early Payment of State and Local Income Taxes
The House and Senate each have passed a version of the Tax Cuts and Jobs Act. Both the House bill and the Senate bill eliminate the deduction for state and local income taxes after December 31, 2017.
READ MORE >


December 6, 2017

Federal Tax Reform: An Analysis of the House and Senate Bills
As we are sure you know, both the U.S. House of Representatives and Senate have passed their own versions of tax legislation, known as the Tax Cuts and Jobs Act. The two different bills will be reconciled in a conference committee.
READ MORE >


December 5, 2017

Federal Tax Reform: Side-by-Side Comparison of the Senate and House Approved Bills, Plus the Big Picture
The Senate voted 51-49 in the early hours of December 2 to pass its tax reform bill. Now that each of the House and Senate have passed their respective tax bills, we have updated our analysis and side-by-side comparison chart and analysis.
READ MORE >


November 17, 2017

Federal Tax Reform: How the Newly Passed House Bill Compares to the Senate Bill – A Side-by-Side Comparison, Plus the Big Picture
The Senate Finance Committee released a detailed description of the Senate's tax reform bill, titled the Tax Cuts and Jobs Act, on November 9. The Committee has not released the text of the bill, and likely will not do so until after it approves the bill. Earlier on the same day, the House Ways and Means Committee completed its four-day markup of the House bill, H.R. 1—which had been released on November 2, 2017—and approved the amended version.
READ MORE >


November 16, 2017

Federal Tax Reform: The Current State of Play & The Big Picture
The Senate Finance Committee released a detailed description of the Senate's tax reform bill, titled the Tax Cuts and Jobs Act, on November 9. The Committee has not released the text of the bill, and likely will not do so until after it approves the bill. Earlier on the same day, the House Ways and Means Committee completed its four-day markup of the House bill, H.R. 1—which had been released on November 2, 2017—and approved the amended version.
READ MORE >


November 14, 2017

Federal Tax Reform: The Senate Bill – Comparison to the House Bill, and Evaluating the Bigger Picture
The Senate Finance Committee released a detailed description of the Senate's tax reform bill, titled the Tax Cuts and Jobs Act, on November 9. The Committee has not released the text of the bill, and likely will not do so until after it approves the bill.
READ MORE >


November 6, 2017

Federal Tax Reform: The House Tax Bill—Summary and Where Do We Go From Here?
House Republicans released their tax bill—the Tax Cuts and Jobs Act—last Thursday. Although its provisions are generally in line with the House Republican Blueprint for Tax Reform released in June 2016 by House Speaker Paul Ryan (R-WI), and House Ways and Means Committee Chair Kevin Brady (R-TX), and the tax plan released by President Trump on April 26, 2017, it contains several unexpected provisions that are already controversial.
READ MORE >


November 2, 2017

GOP Tax Bill Outlines Significant Changes for Benefits and Compensation
The Committee on Ways and Means today released the proposed Republican tax reform bill, titled the "Tax Cuts and Jobs Act." Although the proposed bill makes major changes to individual and corporate tax provisions in many areas, our Employee Benefits and Executive Compensation Group is focused on the potential changes that would affect employer-provided benefits and compensation arrangements.
READ MORE >


September 29, 2017

Unified Framework for Tax Reform
President Donald J. Trump and the "Big Six"—House Speaker Paul Ryan (R-WI), Senate Majority Leader Mitch McConnell (R-KY), Treasury Secretary Steven Mnuchin, White House adviser Gary Cohn, House Ways & Means Committee Chairman Kevin Brady (R-TX), and Senate Finance Committee Chairman Orrin Hatch (R-UT)—released a "unified framework" for tax reform on September 27.
READ MORE >


April 24, 2017

Where Federal Tax Reform Goes, Will State Taxes Follow?
With Republicans in control of both the White House and Congress, comprehensive federal tax reform likely is on the horizon. Both the tax reform plan outlined by President Donald J. Trump during his campaign (the Trump Plan) and the Blueprint released by House Republicans (the Blueprint, together, the Plans) envision, at a high level, broadening the corporate and individual income tax bases and reducing the corporate and individual tax rates.
READ MORE >


April 21, 2017

Business Tax Reform – the Current State of Play
President Donald J. Trump campaigned on a platform of large tax cuts for businesses. With President Trump in the White House and Republicans controlling both the House of Representatives and Senate, does it mean businesses can count on tax cuts?
READ MORE >


December 8, 2016

Tax Truths: Volume 1, No. 2 – December 2016: An Analysis of Tax Law Proposals of The President-Elect And The House
President-elect Trump made tax reform a highlight of his campaign, calling for fewer tax brackets, lower individual rates, and reduced corporate tax rates. Portions of the Trump Plan are similar to the House Republican Blueprint for Tax Reform.
TAX TRUTHS NEWSLETTER PDF >









January 8, 2018

Analysis of Key Provisions of the Tax Cuts and Jobs Act
As we are sure you know, H.R. 1, informally known as the Tax Cut and Jobs Act, became law on December 22, 2017. This new law will impact almost all taxpayers. Ballard Spahr's Tax Group has prepared a detailed summary of significant provisions of this new law relating to the taxation of individuals, partnerships, corporations and other businesses, tax credits, exempt organizations, and international tax aspects.
READ MORE >


January 3, 2018

New Tax Cuts and Jobs Act Affects Employee Benefit Plans and Executive Compensation Arrangements
The Tax Cuts and Jobs Act, signed into law by President Donald J. Trump shortly before Christmas, is the most significant tax reform legislation in more than 30 years. While early versions of the legislation would have made sweeping changes to employee benefit plans and executive compensation arrangements, the final Act has a narrower, though still significant, impact.
READ MORE >


December 26, 2017

UPDATE: President Signs Tax Reform Bill Into Law
On December 22, 2017, President Trump signed a $1.5 trillion tax cut into law just 51 days after The Tax Cuts and Jobs Act (H.R. 1) was introduced in Congress and only a week after the final version of the bill was published. The Act is President Trump’s signature legislative achievement to date and will transform U.S. tax rules for individuals and businesses, large and small. It is the most sweeping tax legislation passed in a generation, since Ronald Reagan ushered the 1986 Tax Reform Act through Congress.

While most of the Act's provisions take effect on January 1, 2018, several are effective immediately, including rules preventing prepayment of state and local real estate taxes before a $10,000 cap for individuals ($5,000 for married taxpayers filing separately) becomes effective for tax years beginning after 2017. A complete analysis of the GOP tax reform bill’s most significant provisions is available in our alert from December 20.
READ MORE >


December 20, 2017

The Final Tax Bill: A Thoughtful Analysis
Earlier today, both the House and Senate passed a $1.5 trillion tax bill. This alert distills nearly 1,100 pages released last Friday by the Conference Committee on the final tax reform bill and briefly summarizes how Republicans' $1.5 trillion tax package will impact virtually every facet of the American society and the global economy.
READ MORE >


December 7, 2017

For Consideration: Possible Early Payment of State and Local Income Taxes
The House and Senate each have passed a version of the Tax Cuts and Jobs Act. Both the House bill and the Senate bill eliminate the deduction for state and local income taxes after December 31, 2017.
READ MORE >


December 6, 2017

Federal Tax Reform: An Analysis of the House and Senate Bills
As we are sure you know, both the U.S. House of Representatives and Senate have passed their own versions of tax legislation, known as the Tax Cuts and Jobs Act. The two different bills will be reconciled in a conference committee.
READ MORE >


December 5, 2017

Federal Tax Reform: Side-by-Side Comparison of the Senate and House Approved Bills, Plus the Big Picture
The Senate voted 51-49 in the early hours of December 2 to pass its tax reform bill. Now that each of the House and Senate have passed their respective tax bills, we have updated our analysis and side-by-side comparison chart and analysis.
READ MORE >


November 17, 2017

Federal Tax Reform: How the Newly Passed House Bill Compares to the Senate Bill – A Side-by-Side Comparison, Plus the Big Picture
The Senate Finance Committee released a detailed description of the Senate's tax reform bill, titled the Tax Cuts and Jobs Act, on November 9. The Committee has not released the text of the bill, and likely will not do so until after it approves the bill. Earlier on the same day, the House Ways and Means Committee completed its four-day markup of the House bill, H.R. 1—which had been released on November 2, 2017—and approved the amended version.
READ MORE >


November 16, 2017

Federal Tax Reform: The Current State of Play & The Big Picture
The Senate Finance Committee released a detailed description of the Senate's tax reform bill, titled the Tax Cuts and Jobs Act, on November 9. The Committee has not released the text of the bill, and likely will not do so until after it approves the bill. Earlier on the same day, the House Ways and Means Committee completed its four-day markup of the House bill, H.R. 1—which had been released on November 2, 2017—and approved the amended version.
READ MORE >


November 14, 2017

Federal Tax Reform: The Senate Bill – Comparison to the House Bill, and Evaluating the Bigger Picture
The Senate Finance Committee released a detailed description of the Senate's tax reform bill, titled the Tax Cuts and Jobs Act, on November 9. The Committee has not released the text of the bill, and likely will not do so until after it approves the bill.
READ MORE >


November 6, 2017

Federal Tax Reform: The House Tax Bill—Summary and Where Do We Go From Here?
House Republicans released their tax bill—the Tax Cuts and Jobs Act—last Thursday. Although its provisions are generally in line with the House Republican Blueprint for Tax Reform released in June 2016 by House Speaker Paul Ryan (R-WI), and House Ways and Means Committee Chair Kevin Brady (R-TX), and the tax plan released by President Trump on April 26, 2017, it contains several unexpected provisions that are already controversial.
READ MORE >


November 3, 2017

Federal Tax Reform: House Bill Rewrites Municipal Bond Rules
The proposed Tax Cuts and Jobs Act released yesterday would eliminate the federal tax exemption for interest earned on all private activity bonds—including 501(c)(3) bonds and exempt facility bonds—and advance refunding bonds issued after December 31, 2017.
READ MORE >


November 2, 2017

GOP Tax Bill Outlines Significant Changes for Benefits and Compensation
The Committee on Ways and Means today released the proposed Republican tax reform bill, titled the "Tax Cuts and Jobs Act." Although the proposed bill makes major changes to individual and corporate tax provisions in many areas, our Employee Benefits and Executive Compensation Group is focused on the potential changes that would affect employer-provided benefits and compensation arrangements.
READ MORE >


October 27, 2017

Will C Corporations Become the New Entity of Choice?
President Trump campaigned on a platform of large tax cuts for businesses. Since his election, tax reform has been one of the most important agenda items for him and Republicans in Congress.
READ MORE >


September 29, 2017

Unified Framework for Tax Reform
President Donald J. Trump and the "Big Six"—House Speaker Paul Ryan (R-WI), Senate Majority Leader Mitch McConnell (R-KY), Treasury Secretary Steven Mnuchin, White House adviser Gary Cohn, House Ways & Means Committee Chairman Kevin Brady (R-TX), and Senate Finance Committee Chairman Orrin Hatch (R-UT)—released a "unified framework" for tax reform on September 27.
READ MORE >


April 24, 2017

Where Federal Tax Reform Goes, Will State Taxes Follow?
With Republicans in control of both the White House and Congress, comprehensive federal tax reform likely is on the horizon. Both the tax reform plan outlined by President Donald J. Trump during his campaign (the Trump Plan) and the Blueprint released by House Republicans (the Blueprint, together, the Plans) envision, at a high level, broadening the corporate and individual income tax bases and reducing the corporate and individual tax rates.
READ MORE >


April 21, 2017

Business Tax Reform – the Current State of Play
President Donald J. Trump campaigned on a platform of large tax cuts for businesses. With President Trump in the White House and Republicans controlling both the House of Representatives and Senate, does it mean businesses can count on tax cuts?
READ MORE >


December 8, 2016

Tax Truths: Volume 1, No. 2 – December 2016: An Analysis of Tax Law Proposals of The President-Elect And The House
President-elect Trump made tax reform a highlight of his campaign, calling for fewer tax brackets, lower individual rates, and reduced corporate tax rates. Portions of the Trump Plan are similar to the House Republican Blueprint for Tax Reform.
TAX TRUTHS NEWSLETTER PDF >








January 8, 2018

Analysis of Key Provisions of the Tax Cuts and Jobs Act
As we are sure you know, H.R. 1, informally known as the Tax Cut and Jobs Act, became law on December 22, 2017. This new law will impact almost all taxpayers. Ballard Spahr's Tax Group has prepared a detailed summary of significant provisions of this new law relating to the taxation of individuals, partnerships, corporations and other businesses, tax credits, exempt organizations, and international tax aspects.
READ MORE >


December 26, 2017

UPDATE: President Signs Tax Reform Bill Into Law
On December 22, 2017, President Trump signed a $1.5 trillion tax cut into law just 51 days after The Tax Cuts and Jobs Act (H.R. 1) was introduced in Congress and only a week after the final version of the bill was published. The Act is President Trump’s signature legislative achievement to date and will transform U.S. tax rules for individuals and businesses, large and small. It is the most sweeping tax legislation passed in a generation, since Ronald Reagan ushered the 1986 Tax Reform Act through Congress.

While most of the Act's provisions take effect on January 1, 2018, several are effective immediately, including rules preventing prepayment of state and local real estate taxes before a $10,000 cap for individuals ($5,000 for married taxpayers filing separately) becomes effective for tax years beginning after 2017. A complete analysis of the GOP tax reform bill’s most significant provisions is available in our alert from December 20.
READ MORE >


December 20, 2017

The Final Tax Bill: A Thoughtful Analysis
Earlier today, both the House and Senate passed a $1.5 trillion tax bill. This alert distills nearly 1,100 pages released last Friday by the Conference Committee on the final tax reform bill and briefly summarizes how Republicans' $1.5 trillion tax package will impact virtually every facet of the American society and the global economy.
READ MORE >


The Senate voted 51-49 in the early hours of December 2 to pass its tax reform bill. Now that each of the House and Senate have passed their respective tax bills, we have updated our analysis and side-by-side comparison chart and analysis.
READ MORE >


November 17, 2017

Federal Tax Reform: How the Newly Passed House Bill Compares to the Senate Bill – A Side-by-Side Comparison, Plus the Big Picture
The Senate Finance Committee released a detailed description of the Senate's tax reform bill, titled the Tax Cuts and Jobs Act, on November 9. The Committee has not released the text of the bill, and likely will not do so until after it approves the bill. Earlier on the same day, the House Ways and Means Committee completed its four-day markup of the House bill, H.R. 1—which had been released on November 2, 2017—and approved the amended version.
READ MORE >


November 16, 2017

Federal Tax Reform: The Current State of Play & The Big Picture
The Senate Finance Committee released a detailed description of the Senate's tax reform bill, titled the Tax Cuts and Jobs Act, on November 9. The Committee has not released the text of the bill, and likely will not do so until after it approves the bill. Earlier on the same day, the House Ways and Means Committee completed its four-day markup of the House bill, H.R. 1—which had been released on November 2, 2017—and approved the amended version.
READ MORE >


November 14, 2017

Federal Tax Reform: The Senate Bill – Comparison to the House Bill, and Evaluating the Bigger Picture
The Senate Finance Committee released a detailed description of the Senate's tax reform bill, titled the Tax Cuts and Jobs Act, on November 9. The Committee has not released the text of the bill, and likely will not do so until after it approves the bill.
READ MORE >


November 6, 2017

Federal Tax Reform: The House Tax Bill—Summary and Where Do We Go From Here?
House Republicans released their tax bill—the Tax Cuts and Jobs Act—last Thursday. Although its provisions are generally in line with the House Republican Blueprint for Tax Reform released in June 2016 by House Speaker Paul Ryan (R-WI), and House Ways and Means Committee Chair Kevin Brady (R-TX), and the tax plan released by President Trump on April 26, 2017, it contains several unexpected provisions that are already controversial.
READ MORE >


November 2, 2017

GOP Tax Bill Outlines Significant Changes for Benefits and Compensation
The Committee on Ways and Means today released the proposed Republican tax reform bill, titled the "Tax Cuts and Jobs Act." Although the proposed bill makes major changes to individual and corporate tax provisions in many areas, our Employee Benefits and Executive Compensation Group is focused on the potential changes that would affect employer-provided benefits and compensation arrangements.
READ MORE >


October 27, 2017

Will C Corporations Become the New Entity of Choice?
President Trump campaigned on a platform of large tax cuts for businesses. Since his election, tax reform has been one of the most important agenda items for him and Republicans in Congress.
READ MORE >


December 8, 2016

Tax Truths: Volume 1, No. 2 – December 2016: An Analysis of Tax Law Proposals of The President-Elect And The House
President-elect Trump made tax reform a highlight of his campaign, calling for fewer tax brackets, lower individual rates, and reduced corporate tax rates. Portions of the Trump Plan are similar to the House Republican Blueprint for Tax Reform.
TAX TRUTHS NEWSLETTER PDF >






January 8, 2018

Analysis of Key Provisions of the Tax Cuts and Jobs Act
As we are sure you know, H.R. 1, informally known as the Tax Cut and Jobs Act, became law on December 22, 2017. This new law will impact almost all taxpayers. Ballard Spahr's Tax Group has prepared a detailed summary of significant provisions of this new law relating to the taxation of individuals, partnerships, corporations and other businesses, tax credits, exempt organizations, and international tax aspects.
READ MORE >


January 5, 2018

Impact on Gift, Estate, and GST Taxes Under the Tax Cuts and Jobs Act (H.R. 1)
The tax law known as the Tax Cuts and Jobs Act (H.R. 1), signed by President Trump on December 22, 2017, contains important changes to provisions governing gift, estate, and generation-skipping transfer (GST) taxes.
READ MORE >


December 26, 2017

UPDATE: President Signs Tax Reform Bill Into Law
On December 22, 2017, President Trump signed a $1.5 trillion tax cut into law just 51 days after The Tax Cuts and Jobs Act (H.R. 1) was introduced in Congress and only a week after the final version of the bill was published. The Act is President Trump’s signature legislative achievement to date and will transform U.S. tax rules for individuals and businesses, large and small. It is the most sweeping tax legislation passed in a generation, since Ronald Reagan ushered the 1986 Tax Reform Act through Congress.

While most of the Act's provisions take effect on January 1, 2018, several are effective immediately, including rules preventing prepayment of state and local real estate taxes before a $10,000 cap for individuals ($5,000 for married taxpayers filing separately) becomes effective for tax years beginning after 2017. A complete analysis of the GOP tax reform bill’s most significant provisions is available in our alert from December 20.
READ MORE >


December 20, 2017

The Final Tax Bill: A Thoughtful Analysis
Earlier today, both the House and Senate passed a $1.5 trillion tax bill. This alert distills nearly 1,100 pages released last Friday by the Conference Committee on the final tax reform bill and briefly summarizes how Republicans' $1.5 trillion tax package will impact virtually every facet of the American society and the global economy.
READ MORE >


December 7, 2017

For Consideration: Possible Early Payment of State and Local Income Taxes
The House and Senate each have passed a version of the Tax Cuts and Jobs Act. Both the House bill and the Senate bill eliminate the deduction for state and local income taxes after December 31, 2017.
READ MORE >


December 6, 2017

Federal Tax Reform: An Analysis of the House and Senate Bills
As we are sure you know, both the U.S. House of Representatives and Senate have passed their own versions of tax legislation, known as the Tax Cuts and Jobs Act. The two different bills will be reconciled in a conference committee.
READ MORE >


December 5, 2017

Federal Tax Reform: Side-by-Side Comparison of the Senate and House Approved Bills, Plus the Big Picture
The Senate voted 51-49 in the early hours of December 2 to pass its tax reform bill. Now that each of the House and Senate have passed their respective tax bills, we have updated our analysis and side-by-side comparison chart and analysis.
READ MORE >


November 17, 2017

Federal Tax Reform: How the Newly Passed House Bill Compares to the Senate Bill – A Side-by-Side Comparison, Plus the Big Picture
The Senate Finance Committee released a detailed description of the Senate's tax reform bill, titled the Tax Cuts and Jobs Act, on November 9. The Committee has not released the text of the bill, and likely will not do so until after it approves the bill. Earlier on the same day, the House Ways and Means Committee completed its four-day markup of the House bill, H.R. 1—which had been released on November 2, 2017—and approved the amended version.
READ MORE >


November 16, 2017

Federal Tax Reform: The Current State of Play & The Big Picture
The Senate Finance Committee released a detailed description of the Senate's tax reform bill, titled the Tax Cuts and Jobs Act, on November 9. The Committee has not released the text of the bill, and likely will not do so until after it approves the bill. Earlier on the same day, the House Ways and Means Committee completed its four-day markup of the House bill, H.R. 1—which had been released on November 2, 2017—and approved the amended version.
READ MORE >


November 14, 2017

Federal Tax Reform: The Senate Bill – Comparison to the House Bill, and Evaluating the Bigger Picture
The Senate Finance Committee released a detailed description of the Senate's tax reform bill, titled the Tax Cuts and Jobs Act, on November 9. The Committee has not released the text of the bill, and likely will not do so until after it approves the bill.
READ MORE >


November 10, 2017

Update: Federal Tax Reform: Initial Steps Toward Changes to Gift, Estate and Generation-Skipping Transfer Tax
Update: On Thursday November 9, Senate Republicans unveiled the substance of their tax reform bill.
READ MORE >


November 6, 2017

Federal Tax Reform: The House Tax Bill—Summary and Where Do We Go From Here?
House Republicans released their tax bill—the Tax Cuts and Jobs Act—last Thursday. Although its provisions are generally in line with the House Republican Blueprint for Tax Reform released in June 2016 by House Speaker Paul Ryan (R-WI), and House Ways and Means Committee Chair Kevin Brady (R-TX), and the tax plan released by President Trump on April 26, 2017, it contains several unexpected provisions that are already controversial.
READ MORE >


November 3, 2017

Federal Tax Reform: Initial Steps Toward Changes to Gift, Estate and Generation-Skipping Transfer Tax
House Republicans unveiled the full text yesterday of their proposed tax legislation—titled the Tax Cuts and Jobs Act—which includes dramatic changes to the gift, estate, and generation-skipping transfer (GST) tax.
READ MORE >


November 2, 2017

GOP Tax Bill Outlines Significant Changes for Benefits and Compensation
The Committee on Ways and Means today released the proposed Republican tax reform bill, titled the "Tax Cuts and Jobs Act." Although the proposed bill makes major changes to individual and corporate tax provisions in many areas, our Employee Benefits and Executive Compensation Group is focused on the potential changes that would affect employer-provided benefits and compensation arrangements.
READ MORE >


April 24, 2017

Where Federal Tax Reform Goes, Will State Taxes Follow?
With Republicans in control of both the White House and Congress, comprehensive federal tax reform likely is on the horizon. Both the tax reform plan outlined by President Donald J. Trump during his campaign (the Trump Plan) and the Blueprint released by House Republicans (the Blueprint, together, the Plans) envision, at a high level, broadening the corporate and individual income tax bases and reducing the corporate and individual tax rates.
READ MORE >


December 8, 2016

Tax Truths: Volume 1, No. 2 – December 2016: An Analysis of Tax Law Proposals of The President-Elect And The House
President-elect Trump made tax reform a highlight of his campaign, calling for fewer tax brackets, lower individual rates, and reduced corporate tax rates. Portions of the Trump Plan are similar to the House Republican Blueprint for Tax Reform.
TAX TRUTHS NEWSLETTER PDF >







January 8, 2018

Analysis of Key Provisions of the Tax Cuts and Jobs Act
As we are sure you know, H.R. 1, informally known as the Tax Cut and Jobs Act, became law on December 22, 2017. This new law will impact almost all taxpayers. Ballard Spahr's Tax Group has prepared a detailed summary of significant provisions of this new law relating to the taxation of individuals, partnerships, corporations and other businesses, tax credits, exempt organizations, and international tax aspects.
READ MORE >


January 3, 2018

New Tax Cuts and Jobs Act Affects Employee Benefit Plans and Executive Compensation Arrangements
The Tax Cuts and Jobs Act, signed into law by President Donald J. Trump shortly before Christmas, is the most significant tax reform legislation in more than 30 years. While early versions of the legislation would have made sweeping changes to employee benefit plans and executive compensation arrangements, the final Act has a narrower, though still significant, impact.
READ MORE >


December 26, 2017

UPDATE: President Signs Tax Reform Bill Into Law
On December 22, 2017, President Trump signed a $1.5 trillion tax cut into law just 51 days after The Tax Cuts and Jobs Act (H.R. 1) was introduced in Congress and only a week after the final version of the bill was published. The Act is President Trump’s signature legislative achievement to date and will transform U.S. tax rules for individuals and businesses, large and small. It is the most sweeping tax legislation passed in a generation, since Ronald Reagan ushered the 1986 Tax Reform Act through Congress.

While most of the Act's provisions take effect on January 1, 2018, several are effective immediately, including rules preventing prepayment of state and local real estate taxes before a $10,000 cap for individuals ($5,000 for married taxpayers filing separately) becomes effective for tax years beginning after 2017. A complete analysis of the GOP tax reform bill’s most significant provisions is available in our alert from December 20.
READ MORE >


December 20, 2017

The Final Tax Bill: A Thoughtful Analysis
Earlier today, both the House and Senate passed a $1.5 trillion tax bill. This alert distills nearly 1,100 pages released last Friday by the Conference Committee on the final tax reform bill and briefly summarizes how Republicans' $1.5 trillion tax package will impact virtually every facet of the American society and the global economy.
READ MORE >


December 7, 2017

For Consideration: Possible Early Payment of State and Local Income Taxes
The House and Senate each have passed a version of the Tax Cuts and Jobs Act. Both the House bill and the Senate bill eliminate the deduction for state and local income taxes after December 31, 2017.
READ MORE >


December 6, 2017

Federal Tax Reform: An Analysis of the House and Senate Bills
As we are sure you know, both the U.S. House of Representatives and Senate have passed their own versions of tax legislation, known as the Tax Cuts and Jobs Act. The two different bills will be reconciled in a conference committee.
READ MORE >


December 5, 2017

Federal Tax Reform: Side-by-Side Comparison of the Senate and House Approved Bills, Plus the Big Picture
The Senate voted 51-49 in the early hours of December 2 to pass its tax reform bill. Now that each of the House and Senate have passed their respective tax bills, we have updated our analysis and side-by-side comparison chart and analysis.
READ MORE >


November 17, 2017

Federal Tax Reform: How the Newly Passed House Bill Compares to the Senate Bill – A Side-by-Side Comparison, Plus the Big Picture
The Senate Finance Committee released a detailed description of the Senate's tax reform bill, titled the Tax Cuts and Jobs Act, on November 9. The Committee has not released the text of the bill, and likely will not do so until after it approves the bill. Earlier on the same day, the House Ways and Means Committee completed its four-day markup of the House bill, H.R. 1—which had been released on November 2, 2017—and approved the amended version.
READ MORE >


November 16, 2017

Federal Tax Reform: The Current State of Play & The Big Picture
The Senate Finance Committee released a detailed description of the Senate's tax reform bill, titled the Tax Cuts and Jobs Act, on November 9. The Committee has not released the text of the bill, and likely will not do so until after it approves the bill. Earlier on the same day, the House Ways and Means Committee completed its four-day markup of the House bill, H.R. 1—which had been released on November 2, 2017—and approved the amended version.
READ MORE >


November 14, 2017

Federal Tax Reform: The Senate Bill – Comparison to the House Bill, and Evaluating the Bigger Picture
The Senate Finance Committee released a detailed description of the Senate's tax reform bill, titled the Tax Cuts and Jobs Act, on November 9. The Committee has not released the text of the bill, and likely will not do so until after it approves the bill.
READ MORE >


November 13, 2017

Federal Tax Reform: Senate Proposal Repeals Advance Refundings but Keeps Private Activity Bonds
The Senate Finance Committee unveiled a section-by-section description of its tax reform package on November 9, 2017, including municipal bond provisions that reject efforts by the House Ways and Means Committee to terminate the tax exemption for interest earned on qualified private-activity bonds and public-purpose bonds issued to finance the construction of professional sports stadiums, and the tax-favored status of tax credit bonds.
READ MORE >


November 6, 2017

Federal Tax Reform: The House Tax Bill—Summary and Where Do We Go From Here?
House Republicans released their tax bill—the Tax Cuts and Jobs Act—last Thursday. Although its provisions are generally in line with the House Republican Blueprint for Tax Reform released in June 2016 by House Speaker Paul Ryan (R-WI), and House Ways and Means Committee Chair Kevin Brady (R-TX), and the tax plan released by President Trump on April 26, 2017, it contains several unexpected provisions that are already controversial.
READ MORE >


November 3, 2017

Federal Tax Reform: House Bill Rewrites Municipal Bond Rules
The proposed Tax Cuts and Jobs Act released yesterday would eliminate the federal tax exemption for interest earned on all private activity bonds—including 501(c)(3) bonds and exempt facility bonds—and advance refunding bonds issued after December 31, 2017.
READ MORE >


November 2, 2017

GOP Tax Bill Outlines Significant Changes for Benefits and Compensation
The Committee on Ways and Means today released the proposed Republican tax reform bill, titled the "Tax Cuts and Jobs Act." Although the proposed bill makes major changes to individual and corporate tax provisions in many areas, our Employee Benefits and Executive Compensation Group is focused on the potential changes that would affect employer-provided benefits and compensation arrangements.
READ MORE >






January 8, 2018

Analysis of Key Provisions of the Tax Cuts and Jobs Act
As we are sure you know, H.R. 1, informally known as the Tax Cut and Jobs Act, became law on December 22, 2017. This new law will impact almost all taxpayers. Ballard Spahr's Tax Group has prepared a detailed summary of significant provisions of this new law relating to the taxation of individuals, partnerships, corporations and other businesses, tax credits, exempt organizations, and international tax aspects.
READ MORE >


January 5, 2018

Impact on Gift, Estate, and GST Taxes Under the Tax Cuts and Jobs Act (H.R. 1)
The tax law known as the Tax Cuts and Jobs Act (H.R. 1), signed by President Trump on December 22, 2017, contains important changes to provisions governing gift, estate, and generation-skipping transfer (GST) taxes.
READ MORE >


December 26, 2017

UPDATE: President Signs Tax Reform Bill Into Law
On December 22, 2017, President Trump signed a $1.5 trillion tax cut into law just 51 days after The Tax Cuts and Jobs Act (H.R. 1) was introduced in Congress and only a week after the final version of the bill was published. The Act is President Trump’s signature legislative achievement to date and will transform U.S. tax rules for individuals and businesses, large and small. It is the most sweeping tax legislation passed in a generation, since Ronald Reagan ushered the 1986 Tax Reform Act through Congress.

While most of the Act's provisions take effect on January 1, 2018, several are effective immediately, including rules preventing prepayment of state and local real estate taxes before a $10,000 cap for individuals ($5,000 for married taxpayers filing separately) becomes effective for tax years beginning after 2017. A complete analysis of the GOP tax reform bill’s most significant provisions is available in our alert from December 20.
READ MORE >


December 20, 2017

The Final Tax Bill: A Thoughtful Analysis
Earlier today, both the House and Senate passed a $1.5 trillion tax bill. This alert distills nearly 1,100 pages released last Friday by the Conference Committee on the final tax reform bill and briefly summarizes how Republicans' $1.5 trillion tax package will impact virtually every facet of the American society and the global economy.
READ MORE >


December 7, 2017

For Consideration: Possible Early Payment of State and Local Income Taxes
The House and Senate each have passed a version of the Tax Cuts and Jobs Act. Both the House bill and the Senate bill eliminate the deduction for state and local income taxes after December 31, 2017.
READ MORE >


December 6, 2017

Federal Tax Reform: An Analysis of the House and Senate Bills
As we are sure you know, both the U.S. House of Representatives and Senate have passed their own versions of tax legislation, known as the Tax Cuts and Jobs Act. The two different bills will be reconciled in a conference committee.
READ MORE >


December 5, 2017

Federal Tax Reform: Side-by-Side Comparison of the Senate and House Approved Bills, Plus the Big Picture
The Senate voted 51-49 in the early hours of December 2 to pass its tax reform bill. Now that each of the House and Senate have passed their respective tax bills, we have updated our analysis and side-by-side comparison chart and analysis.
READ MORE >


November 17, 2017

Federal Tax Reform: How the Newly Passed House Bill Compares to the Senate Bill – A Side-by-Side Comparison, Plus the Big Picture
The Senate Finance Committee released a detailed description of the Senate's tax reform bill, titled the Tax Cuts and Jobs Act, on November 9. The Committee has not released the text of the bill, and likely will not do so until after it approves the bill. Earlier on the same day, the House Ways and Means Committee completed its four-day markup of the House bill, H.R. 1—which had been released on November 2, 2017—and approved the amended version.
READ MORE >


November 16, 2017

Federal Tax Reform: The Current State of Play & The Big Picture
The Senate Finance Committee released a detailed description of the Senate's tax reform bill, titled the Tax Cuts and Jobs Act, on November 9. The Committee has not released the text of the bill, and likely will not do so until after it approves the bill. Earlier on the same day, the House Ways and Means Committee completed its four-day markup of the House bill, H.R. 1—which had been released on November 2, 2017—and approved the amended version.
READ MORE >


November 14, 2017

Federal Tax Reform: The Senate Bill – Comparison to the House Bill, and Evaluating the Bigger Picture
The Senate Finance Committee released a detailed description of the Senate's tax reform bill, titled the Tax Cuts and Jobs Act, on November 9. The Committee has not released the text of the bill, and likely will not do so until after it approves the bill.
READ MORE >


November 10, 2017

Update: Federal Tax Reform: Initial Steps Toward Changes to Gift, Estate and Generation-Skipping Transfer Tax
Update: On Thursday November 9, Senate Republicans unveiled the substance of their tax reform bill.
READ MORE >


November 6, 2017

Federal Tax Reform: The House Tax Bill—Summary and Where Do We Go From Here?
House Republicans released their tax bill—the Tax Cuts and Jobs Act—last Thursday. Although its provisions are generally in line with the House Republican Blueprint for Tax Reform released in June 2016 by House Speaker Paul Ryan (R-WI), and House Ways and Means Committee Chair Kevin Brady (R-TX), and the tax plan released by President Trump on April 26, 2017, it contains several unexpected provisions that are already controversial.
READ MORE >


November 3, 2017

Federal Tax Reform: Initial Steps Toward Changes to Gift, Estate and Generation-Skipping Transfer Tax
House Republicans unveiled the full text yesterday of their proposed tax legislation—titled the Tax Cuts and Jobs Act—which includes dramatic changes to the gift, estate, and generation-skipping transfer (GST) tax.
READ MORE >


December 8, 2016

Tax Truths: Volume 1, No. 2 – December 2016: An Analysis of Tax Law Proposals of The President-Elect And The House
President-elect Trump made tax reform a highlight of his campaign, calling for fewer tax brackets, lower individual rates, and reduced corporate tax rates. Portions of the Trump Plan are similar to the House Republican Blueprint for Tax Reform.
TAX TRUTHS NEWSLETTER PDF >





March 1, 2018

Permanent or Temporary Deferral of Tax on Gains: Opportunity Zones
The Opportunity Zone tax incentives are designed to encourage investors to redirect gain from prior investments into investments in Opportunity Zones. Electing taxpayers will be able to defer, and in some cases permanently exclude, certain gains by investing in a Qualified Opportunity Fund.
READ MORE>


February 28, 2018

Treasury Expands "Safe Harbor" List of Opportunity Zones
The new tax law, known as the Tax Cuts and Jobs Act, allows states, the District of Columbia, U.S. possessions, and Puerto Rico to designate "Qualified Opportunity Zones" to encourage new capital investment in low-income communities (LIC Tracts) and contiguous census tracts (Eligible Non-LIC Contiguous Tracts). Each Qualified Opportunity Zone must be nominated by a state for designation as an Opportunity Zone by March 21, 2018.
READ MORE>


February 20, 2018

White House Unveils Infrastructure Plan: Funding Questions Remain
The American Infrastructure Initiative (infrastructure plan) released by the White House last week aims to stimulate more than $1.5 trillion in new investment over the next decade, shorten the process for approving projects, and address unmet rural infrastructure needs. But the plan offers little insight into how the government will come up with the initial $200 billion in federal funding, particularly in light of the president's proposed budget for 2019, which cuts spending on existing infrastructure programs.
READ MORE>


February 16, 2018

Private Activity Bonds Under President Trump's "Legislative Outline for Rebuilding Infrastructure in America"
The White House released a 53-page framework on Tuesday setting forth its legislative goals for rebuilding America's infrastructure (the Infrastructure Plan). The Infrastructure Plan is intended "to lead to at least $1.5 trillion in investments to rebuild our failing infrastructure and develop innovative projects" through $200 billion in federal funding to promote state and local governmental and private sector investment over the next 10 years. This would largely shift funding for infrastructure away from the federal government to state, local and private sector funding sources.
READ MORE >


February 9, 2018

States Must Act Now on Opportunity Zone Tax Incentives That Target Low-Income Communities
The IRS and the Community Development Financial Institutions Fund (CDFI Fund) simultaneously released guidance yesterday on the procedure for designating population census tracts as Qualified Opportunity Zones (QOZ). States must act quickly if they want to designate any QOZs, which will be eligible for federal tax incentives designed to encourage new capital investment in those areas.
READ MORE >


January 8, 2018

Analysis of Key Provisions of the Tax Cuts and Jobs Act
As we are sure you know, H.R. 1, informally known as the Tax Cut and Jobs Act, became law on December 22, 2017. This new law will impact almost all taxpayers. Ballard Spahr's Tax Group has prepared a detailed summary of significant provisions of this new law relating to the taxation of individuals, partnerships, corporations and other businesses, tax credits, exempt organizations, and international tax aspects.
READ MORE >


December 22, 2017

UPDATE: President Trump Signs Tax Reform Legislation Into Law Early
On December 22, 2017, President Donald Trump signed into law the most far-reaching tax reform legislation in a generation after Congress approved a short-term spending bill on Thursday, which will keep the government funded through January 19, 2018.
READ MORE >


December 20, 2017

GOP Tax Overhaul Saves Private Activity Bonds and Stadium Bonds, Eliminates Advance Refundings and Tax Credit Bonds
Participants in the municipal bond market are breathing easier after Congress passed sweeping changes to the American tax code without provisions under an earlier House bill that would have eliminated approximately 25% of the tax-exempt bond market by taxing interest earned on all private activity bonds (including 501(c)(3) bonds, exempt facility bonds, student loan bonds and mortgage bonds).
READ MORE>


UPDATE: The final bill was posted on December 15. Among the Public Finance developments:

  • Private Activity Bonds preserved
  • No advance refundings issued after 12/31/2017
  • No tax credit bonds (QZABs, QSCBs, etc.) issued after 12/31/2017
  • Proposal to prevent bonds for stadiums dropped
  • Proposal to end Mortgage Credit Certificates dropped

December 7, 2017

For Consideration: Possible Early Payment of State and Local Income Taxes
The House and Senate each have passed a version of the Tax Cuts and Jobs Act. Both the House bill and the Senate bill eliminate the deduction for state and local income taxes after December 31, 2017.
READ MORE >


December 6, 2017

Federal Tax Reform: An Analysis of the House and Senate Bills
As we are sure you know, both the U.S. House of Representatives and Senate have passed their own versions of tax legislation, known as the Tax Cuts and Jobs Act. The two different bills will be reconciled in a conference committee.
READ MORE >


December 5, 2017

Federal Tax Reform: Side-by-Side Comparison of the Senate and House Approved Bills, Plus the Big Picture
The Senate voted 51-49 in the early hours of December 2 to pass its tax reform bill. Now that each of the House and Senate have passed their respective tax bills, we have updated our analysis and side-by-side comparison chart and analysis.
READ MORE >


November 17, 2017

Federal Tax Reform: How the Newly Passed House Bill Compares to the Senate Bill – A Side-by-Side Comparison, Plus the Big Picture
The Senate Finance Committee released a detailed description of the Senate's tax reform bill, titled the Tax Cuts and Jobs Act, on November 9. The Committee has not released the text of the bill, and likely will not do so until after it approves the bill. Earlier on the same day, the House Ways and Means Committee completed its four-day markup of the House bill, H.R. 1—which had been released on November 2, 2017—and approved the amended version.
READ MORE >


November 16, 2017

Federal Tax Reform: The Current State of Play & The Big Picture
The Senate Finance Committee released a detailed description of the Senate's tax reform bill, titled the Tax Cuts and Jobs Act, on November 9. The Committee has not released the text of the bill, and likely will not do so until after it approves the bill. Earlier on the same day, the House Ways and Means Committee completed its four-day markup of the House bill, H.R. 1—which had been released on November 2, 2017—and approved the amended version.
READ MORE >


November 14, 2017

Federal Tax Reform: The Senate Bill – Comparison to the House Bill, and Evaluating the Bigger Picture
The Senate Finance Committee released a detailed description of the Senate's tax reform bill, titled the Tax Cuts and Jobs Act, on November 9. The Committee has not released the text of the bill, and likely will not do so until after it approves the bill.
READ MORE >


November 13, 2017

Federal Tax Reform: Senate Proposal Repeals Advance Refundings but Keeps Private Activity Bonds
The Senate Finance Committee unveiled a section-by-section description of its tax reform package on November 9, 2017, including municipal bond provisions that reject efforts by the House Ways and Means Committee to terminate the tax exemption for interest earned on qualified private-activity bonds and public-purpose bonds issued to finance the construction of professional sports stadiums, and the tax-favored status of tax credit bonds.
READ MORE >


November 6, 2017

Federal Tax Reform: The House Tax Bill—Summary and Where Do We Go From Here?
House Republicans released their tax bill—the Tax Cuts and Jobs Act—last Thursday. Although its provisions are generally in line with the House Republican Blueprint for Tax Reform released in June 2016 by House Speaker Paul Ryan (R-WI), and House Ways and Means Committee Chair Kevin Brady (R-TX), and the tax plan released by President Trump on April 26, 2017, it contains several unexpected provisions that are already controversial.
READ MORE >


November 3, 2017

Federal Tax Reform: House Bill Rewrites Municipal Bond Rules
The proposed Tax Cuts and Jobs Act released yesterday would eliminate the federal tax exemption for interest earned on all private activity bonds—including 501(c)(3) bonds and exempt facility bonds—and advance refunding bonds issued after December 31, 2017.
READ MORE >


March 1, 2018

Permanent or Temporary Deferral of Tax on Gains: Opportunity Zones
The Opportunity Zone tax incentives are designed to encourage investors to redirect gain from prior investments into investments in Opportunity Zones. Electing taxpayers will be able to defer, and in some cases permanently exclude, certain gains by investing in a Qualified Opportunity Fund.
READ MORE>


February 28, 2018

Treasury Expands "Safe Harbor" List of Opportunity Zones
The new tax law, known as the Tax Cuts and Jobs Act, allows states, the District of Columbia, U.S. possessions, and Puerto Rico to designate “Qualified Opportunity Zones” to encourage new capital investment in low-income communities (LIC Tracts) and contiguous census tracts (Eligible Non-LIC Contiguous Tracts). Each Qualified Opportunity Zone must be nominated by a state for designation as an Opportunity Zone by March 21, 2018.
READ MORE>


January 8, 2018

Analysis of Key Provisions of the Tax Cuts and Jobs Act
As we are sure you know, H.R. 1, informally known as the Tax Cut and Jobs Act, became law on December 22, 2017. This new law will impact almost all taxpayers. Ballard Spahr's Tax Group has prepared a detailed summary of significant provisions of this new law relating to the taxation of individuals, partnerships, corporations and other businesses, tax credits, exempt organizations, and international tax aspects.
READ MORE >


December 26, 2017

UPDATE: President Signs Tax Reform Bill Into Law
On December 22, 2017, President Trump signed a $1.5 trillion tax cut into law just 51 days after The Tax Cuts and Jobs Act (H.R. 1) was introduced in Congress and only a week after the final version of the bill was published. The Act is President Trump’s signature legislative achievement to date and will transform U.S. tax rules for individuals and businesses, large and small. It is the most sweeping tax legislation passed in a generation, since Ronald Reagan ushered the 1986 Tax Reform Act through Congress.

While most of the Act's provisions take effect on January 1, 2018, several are effective immediately, including rules preventing prepayment of state and local real estate taxes before a $10,000 cap for individuals ($5,000 for married taxpayers filing separately) becomes effective for tax years beginning after 2017. A complete analysis of the GOP tax reform bill’s most significant provisions is available in our alert from December 20.
READ MORE >


December 20, 2017

The Final Tax Bill: A Thoughtful Analysis
Earlier today, both the House and Senate passed a $1.5 trillion tax bill. This alert distills nearly 1,100 pages released last Friday by the Conference Committee on the final tax reform bill and briefly summarizes how Republicans' $1.5 trillion tax package will impact virtually every facet of the American society and the global economy.
READ MORE >


December 7, 2017

For Consideration: Possible Early Payment of State and Local Income Taxes
The House and Senate each have passed a version of the Tax Cuts and Jobs Act. Both the House bill and the Senate bill eliminate the deduction for state and local income taxes after December 31, 2017.
READ MORE >


December 6, 2017

Federal Tax Reform: An Analysis of the House and Senate Bills
As we are sure you know, both the U.S. House of Representatives and Senate have passed their own versions of tax legislation, known as the Tax Cuts and Jobs Act. The two different bills will be reconciled in a conference committee.
READ MORE >


December 5, 2017

Federal Tax Reform: Side-by-Side Comparison of the Senate and House Approved Bills, Plus the Big Picture
The Senate voted 51-49 in the early hours of December 2 to pass its tax reform bill. Now that each of the House and Senate have passed their respective tax bills, we have updated our analysis and side-by-side comparison chart and analysis.
READ MORE >


November 17, 2017

Federal Tax Reform: How the Newly Passed House Bill Compares to the Senate Bill – A Side-by-Side Comparison, Plus the Big Picture
The Senate Finance Committee released a detailed description of the Senate's tax reform bill, titled the Tax Cuts and Jobs Act, on November 9. The Committee has not released the text of the bill, and likely will not do so until after it approves the bill. Earlier on the same day, the House Ways and Means Committee completed its four-day markup of the House bill, H.R. 1—which had been released on November 2, 2017—and approved the amended version.
READ MORE >


November 16, 2017

Federal Tax Reform: The Current State of Play & The Big Picture
The Senate Finance Committee released a detailed description of the Senate's tax reform bill, titled the Tax Cuts and Jobs Act, on November 9. The Committee has not released the text of the bill, and likely will not do so until after it approves the bill. Earlier on the same day, the House Ways and Means Committee completed its four-day markup of the House bill, H.R. 1—which had been released on November 2, 2017—and approved the amended version.
READ MORE >


November 14, 2017

Federal Tax Reform: The Senate Bill – Comparison to the House Bill, and Evaluating the Bigger Picture
The Senate Finance Committee released a detailed description of the Senate's tax reform bill, titled the Tax Cuts and Jobs Act, on November 9. The Committee has not released the text of the bill, and likely will not do so until after it approves the bill.
READ MORE >


November 6, 2017

Federal Tax Reform: The House Tax Bill—Summary and Where Do We Go From Here?
House Republicans released their tax bill—the Tax Cuts and Jobs Act—last Thursday. Although its provisions are generally in line with the House Republican Blueprint for Tax Reform released in June 2016 by House Speaker Paul Ryan (R-WI), and House Ways and Means Committee Chair Kevin Brady (R-TX), and the tax plan released by President Trump on April 26, 2017, it contains several unexpected provisions that are already controversial.
READ MORE >


September 29, 2017

Unified Framework for Tax Reform
President Donald J. Trump and the "Big Six"—House Speaker Paul Ryan (R-WI), Senate Majority Leader Mitch McConnell (R-KY), Treasury Secretary Steven Mnuchin, White House adviser Gary Cohn, House Ways & Means Committee Chairman Kevin Brady (R-TX), and Senate Finance Committee Chairman Orrin Hatch (R-UT)—released a "unified framework" for tax reform on September 27.
READ MORE >


April 24, 2017

Where Federal Tax Reform Goes, Will State Taxes Follow?
With Republicans in control of both the White House and Congress, comprehensive federal tax reform likely is on the horizon. Both the tax reform plan outlined by President Donald J. Trump during his campaign (the Trump Plan) and the Blueprint released by House Republicans (the Blueprint, together, the Plans) envision, at a high level, broadening the corporate and individual income tax bases and reducing the corporate and individual tax rates.
READ MORE >





Contacts

Saba Ashraf

Practice Leader, Tax
Tel 215.864.8858
ashrafs@ballardspahr.com

Wendi L. Kotzen

Practice Leader, Tax
Tel 215.864.8305
kotzenw@ballardspahr.com

Emilie R. Ninan

Chair, Public Finance
Tel 302.252.4426
ninane@ballardspahr.com

Brian M. Pinheiro

Chair, Business and Finance
Tel 215.864.8511
pinheiro@ballardspahr.com

Marilyn C. Sanborne

Practice Leader, Family Wealth Management
Tel 215.864.8307
sanborne@ballardspahr.com