Government,
Tax
Nov. 17, 2017
Comparing the Senate and House versions of the tax bill
The House passed its version on Thursday and the Senate is marking up or amending its version, which is expected to pass Friday.
Phil Jelsma
Partner and Chair of the Tax Practice Team
Crosbie Gliner Schiffman Southard & Swanson LLC (CGS3)
Email: pjelsma@cgs3.com
Phil is chair of the tax practice team at CGS3. He is recognized as a leading joint venture and tax attorney, with a 30-year background in real estate exchange transactions, syndications, nonprofit corporations and international tax planning.
A major overhaul of the nation's tax code is in the works, but the proposed House and Senate bills are often at odds. In fact, the two competing versions of H.R.1, the Tax Cuts and Jobs Act differ significantly in many areas. The House passed its version on Thursday and the Senate is marking up or amending its version, which is expected to pass Friday. Eventually, the Senate and the House will have to reconcile their differences. In the meantime, following is a comparison of the two oppo...
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