House Passes Tax Bill

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On November 16, 2017, the House of Representatives approved its tax reform package, the Tax Cuts and Jobs Act  that had been released out of the House Ways and Means Committee on November 2. Thirteen House Republicans voted against the bill, mostly from states with high income tax rates.  No Democrat voted for the bill. […]

ACA Individual Mandate Repeal Included in Revised Senate Tax Reform Package

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An updated version of the Senate Republicans’ tax reform bill includes the repeal of the Patient Protection and Affordable Care Act’s (ACA) individual mandate. Several Republican senators announced the inclusion of the repeal provision in a modified bill on November 14, and tensions flared when Senate Finance Committee (SFC) Democrats expressed outrage that a modification reportedly involving […]

Pennsylvania NOL Deduction Cap Increased, Other Changes Enacted

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Pennsylvania Governor Tom Wolf has signed legislation amending the corporate income tax net operating loss (NOL) deduction, creating a Manufacturing Innovation and Reinvestment Deduction, amending the film production tax credit districts, and requiring that before a tax credit can be awarded the Department of Revenue can make a finding that the taxpayer has filed all […]

Senate Finance Committee Unveils Its Version of Tax Reform

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On November 9, Senate Republicans and Finance Committee Chairman Orrin Hatch (R-Utah) released their tax reform legislation, the Chairman’s Mark of the “Tax Cuts and Jobs Act”. While the Senate proposal has some similarities to the House bill the Senate Finance Committee clearly takes a different approach to tax reform. Differences between the Bills Perhaps […]

Tax Reform Bill Marches Forward

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Early on Monday of this week, House Ways and Means Chairman Kevin Brady (R-Texas) released a Chairman’s mark of the tax reform legislation introduced last week by the Committee.  Mr. Brady’s mark made changes to the bill to comply with the $1.5 trillion budget resolution previously approved by Congress. The next step is to move […]

Pennsylvania Enacts Remote Seller Requirements and Other Changes to Sales and Use Tax Rules

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All states imposing a sales and use tax regime are struggling to collect taxes due on sales made through the Internet and from out-of-state vendors. Recently the Commonwealth of Pennsylvania enacted legislation that makes several changes to sales and use tax laws in the state. The key changes include requiring certain remote sellers, marketplace facilitators, […]

Here We Go…the House Tax Reform Bill is Released

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House Republican leaders released the first cut of the 2017 Tax Reform legislation on November 2, 2017, setting forth their plan to overhaul the United States Income Tax Code. The bill, the “Tax Cuts and Jobs Act,” includes a broad set of proposed changes to the corporate and individual tax regimes included in the current […]