Tax Legislation 2017: Tax Cuts and Jobs Act of 2017: Conference Report

The publication provides the complete text of the Tax Cuts and Jobs Act along with the Joint Explanatory Statement from the Conference Committee. It details the current law, outlines the changes enacted, and specifies their effective dates. The Conference Report clarifies legislative intent, serving as a crucial resource pending final regulations in ambiguous areas of the law. Courts highly regard the intent expressed in Committee Reports, making this document an essential reference for understanding and applying the new tax legislation.