After multiple delays, the Senate Finance Committee has released a series of five working group reports on tax reform:
The Business Income Bipartisan Tax Working Group Report
The Community Development & Infrastructure Bipartisan Tax Working Group Report
The Individual Tax Bipartisan Tax Working Group Report
The International Tax Bipartisan Tax Working Group Report
The Savings & Investment Bipartisan Tax Working Group Report
The subject of tax extenders and federal credits are dealt with in the Business Income working group report. There are few specific proposals outside the idea that businesses would benefit from more certainty than the current extenders process provides. One of the pillars of the report, however, is a major emphasis on “strengthening and making permanent the research and experimentation tax credit.”