United States

Finance Committee releases statutory text of Senate tax reform bill

TAX ALERT  | 

On November 21, the Senate Committee on Finance released the statutory language of its tax reform proposal. The text reveals some additional information about various aspects of the proposal, including proposed new limitations on ‘active’ losses of individuals and the rules governing a proposed deduction to reduce the tax burden on certain pass-through businesses.

The full text of the bill can be found here.

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