Congress Considering Tax Reform Bills With Major Impacts on Tax-Exempt Organizations

    View Authors November 2017
    Tax reform legislation currently under consideration by the US House of Representatives and the US Senate Finance Committee could have a major impact on tax-exempt organizations. The Chairman’s Mark of the Tax Cuts and Jobs Act that the Senate Finance Committee will consider differs in some important ways with H.R. 1, the Tax Cuts and Jobs Act that the House of Representatives is expected to vote on this week.

    This alert highlights provisions of the two bills that may affect tax-exempt organizations, explores key differences and takes a look at what comes next.