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Legal Update

A Sisyphean Task: The House of Representatives Passes Tax Reform Legislation

20 November 2017
Mayer Brown Legal Update

On November 16, 2017, the US House of Representatives passed H.R. 1, the Tax Cuts and Jobs Act, as its version of fundamental tax reform legislation. The Bill has undergone some major changes since we prepared our Legal Update on the earlier version released by the Ways & Means Committee. The attached Mayer Brown Legal Update contains an overview of the major provisions of the Tax Cuts and Jobs Act and notes where the legislation varies from the earlier Ways & Means Committee version. While we expect more changes along the way, there is substantial overlap with the Senate Finance Committee bill, suggesting that most of the provisions described in our latest Legal Update may be passed into law.

Authors

  • Mark H. Leeds
    T +1 212 506 2499
  • Jason S. Bazar
    T +1 212 506 2323
  • George W. Craven
    T +1 312 701 7231
  • Brian W. Kittle
    T +1 212 506 2187
  • William G. McGarrity
    T +1 312 701 8928
  • Edward C. Osterberg Jr.
    T +1 713 238 2666
  • Warren S. Payne
    Legal Professional / Consultant, Senior Advisor
    T +1 202 263 3831
  • James C. Williams
    T +1 312 701 8139
  • Lucas Giardelli
    T +1 212 506 2238
  • Brendan J. Sponheimer
    T +1 212 506 2489
  • Xiao Xiao
    Associate
    T +1 312 701 8407
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