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Senate Finance Committee Releases Tax Reform Proposals

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.”

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