U.S. Tax Reform: Developments and Insights

On December 22, 2017, the Tax Cuts and Jobs Act (TCJA) was signed into law and served as the first comprehensive reform of the Internal Revenue Code since 1986. To keep our clients informed, Sidley developed this page to enable you to access a variety of resources and updates that address the TCJA.

The changes enacted have substantial effects on taxpayers across all industries. Below are links to Sidley resources summarizing the major changes with respect to the U.S. tax code generally and with respect to particular industries and subject matters. Additional links provide convenient access to key government documents related to tax reform. We will continue to monitor new regulations, notices and other guidance issued by the Internal Revenue Service and their impact on TCJA.

• Tax Reform’s Effect on Funds and Fund Managers, Wednesday, January 10, 2018.
• Tax Reform’s Effect on M&A and Private Equity, Thursday, January 11, 2018.

If you would like to view a recording of the webinars, please email nyevents@sidley.com.

• Tax Reform Act Restricts Deductibility of Payments to Resolve Government Enforcement Actions, February 8, 2018
• Final 2017 Tax Cuts and Jobs Act: Executive Compensation and Employee Benefits, December 21, 2017
• Congress Finalizes Tax Reform, December 21, 2017
• Energy-Related Provisions in the Final Tax Bill, December 21, 2017
• Insurance-Related Provisions of the Tax Reform Act, December 20, 2017
• Insurance-Related Provisions in House and Senate Tax Bills, December 6, 2017
• 2017 Tax Cuts and Jobs Act: Comparison of Senate and House Bills on Executive Compensation and Employee Benefits, December 5, 2017
• Tax Reform Provisions You May Have Missed and the State of Play, December 4, 2017
• 2017 Tax Cuts and Jobs Act: Impact on Executive Compensation and Employee Benefits, November 14, 2017
• Insurance Tax Provisions in the House Tax Proposal, November 6, 2017
• Sweeping Tax Changes Proposed, November 6, 2017
• The House’s Proposed Tax Cuts and Jobs Act and REITs, November 3, 2017

To receive Sidley Updates, please subscribe at www.sidley.com/subscribe.

Conference Committee

• Conference Report – Legislative Language, December 15, 2017
• Joint Explanatory Statement, December 15, 2017

Joint Committee on Taxation Reports

• Comparison of the House- and Senate-Passed Versions of the Tax Cuts and Jobs Act, December 7, 2017. 

House of Representatives

• H.R. 1: Tax Cuts and Jobs Act (House Bill)
• Committee on Ways and Means Report on Tax Cuts and Jobs Act

Senate

• H.R. 1: Tax Cuts and Jobs Act (Senate Bill)
• Senate Finance Committee Mark of the Tax Cuts and Jobs Act, November 9, 2017
• Senate Finance Committee Mark of the Tax Cuts and Jobs Act, November 14, 2017
• Hatch Modification, November 16, 2017
• Section-by-Section Summary of Chairman’s Mark, November 15, 2017

If you have any questions, please contact the Sidley lawyer with whom you usually work or:

Tax

• Robert M. Kreitman
• Edwin L. Norris

Insurance Tax

• R. Lee Christie
• Tracy D. Williams

REITs

• Christian Brause

Employment Tax

• Beth J. Dickstein

Government Strategies

• Michael E. Borden