The Conference Report to H.R. 1, the “Tax Cuts and Jobs Act” (the “Act”), which was agreed to by House and Senate conferees on December 15, 2017, passed the Senate on December 19, 2017, and passed the House on December 20, 2017. The Act enacts the most sweeping federal tax reform since 1986. President Trump signed the bill into law on December 22, 2017. This Alert discusses some of the state and local tax issues that could be presented by key features of the Act.
Details