Sabrina N. Conyers, Durham C. McCormick Jr., Jon G. Neal, Gerald V. Thomas II, Ashlin C. Aldinger, Janelle N. Darnell, and Vianca R. Simpson, of Magure Woods, have made available for download their article, “Build Back Better Act”, published on Maguire Woods. The article begins as follows:
On Sept. 15, 2021, the Ways and Means Committee of the U.S. House of Representatives approved a proposed tax legislative package (the “W&M proposal”) to the Build Back Better Act reconciliation bill (the “Act”), which proposal contains a number of substantial proposed tax law changes for corporations, passthrough entities, and individuals. This alert summarizes some of the key elements of the W&M proposal.
The release of the W&M proposal represents one step in the legislative process. The proposed changes to the tax law are subject to further modification as the draft legislation progresses through Congress. It is unclear at this time what tax changes will be enacted in final form by Congress, and ultimately be signed into law.
Click here to see the full article: “Build Back Better Act”
Posted by Marin Larkin, Associate Editor, Wealth Strategies Journal.