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House Ways and Means Committee approved amended tax reform legislation, and Finance Committee Chairman Hatch released Senate tax reform bill

On November 9, 2017, the House Ways and Means Committee approved by a party-line vote of 24 to 16 the 'Tax Cuts and Jobs Act of 2017' (“HR 1”) bill. Several hours after the House Ways and Means Committee bill was issued, Senate Finance Committee Chairman Orrin Hatch (R-UT) released a Senate version of the ‘Tax Cuts and Jobs Act’ (the “Hatch bill”). Certain aspects of both proposals may affect your law firm and its partners.

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David Gaulin
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Gary Pogharian
Tax Partner, PwC US
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