Tax reform passes in Senate, moves back to House for revote

December 20, 2017

The Senate voted to pass the Tax Cuts and Jobs Act on Dec. 19, 2017, after an initial passage from the House. However, the House will have to revote due to the Byrd rule and the restriction it places on the budget. After the House revote, it will move to the President’s desk for signature. For more information, visit https://www.journalofaccountancy.com/news/2017/dec/house-of-representatives-votes-on-tax-reform-bill-201718084.html.