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Legal Update

Senate Bill Passage Takes Tax Reform One Step Closer to Reality

7 December 2017
Mayer Brown Legal Update
Following intense last-minute negotiations, on December 2, 2017, the US Senate voted 51-49 to pass its amended tax reform bill, which would represent a sweeping overhaul of the US Tax Code. In this Legal Update, we discuss the bill’s implications for (i) business generally, (ii) international taxation, (iii) financial institutions, (iv) compensation taxation, (v) individuals, (vi) partnerships, (vii) real estate, (viii) tax-exempt organizations, (ix) insurance and (x) the life settlement industry.


  • Jason S. Bazar
    T +1 212 506 2323
  • George W. Craven
    T +1 312 701 7231
  • Brian W. Kittle
    T +1 212 506 2187
  • Mark H. Leeds
    T +1 212 506 2499
  • William G. McGarrity
    T +1 312 701 8928
  • 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
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