Rackers & Fernandez continues to monitor daily developments on proposed tax legislation. It remains unclear whether legislation will be passed for the 2017 tax year. We will continue to update you as we monitor the daily developments and keep our clients apprised.
On Thursday November 9, 2017, the Senate released its’ version of proposed tax legislation. While there are similarities with the House version, there are also some key differences. The table below is a brief summary of the key items contained in the bills;