Menu
Tax Notes logo

JCT Summarizes Chair’s Mark of Tax Cuts and Jobs Act

NOV. 3, 2017

JCX-48-17

DATED NOV. 3, 2017
DOCUMENT ATTRIBUTES
  • Institutional Authors
    Joint Committee on Taxation
  • Subject Area/Tax Topics
  • Jurisdictions
  • Tax Analysts Document Number
    2017-94611
  • Tax Analysts Electronic Citation
    2017 TNT 213-24
Citations: JCX-48-17

DESCRIPTION OF AN AMENDMENT IN THE NATURE OF
A SUBSTITUTE TO H.R. 1, THE “TAX CUTS AND JOBS ACT”

JOINT COMMITTEE ON TAXATION
November 3, 2017
JCX-48-17

The Chairman's amendment in the nature of a substitute includes the following modifications to H.R. 1:

  • Section 1001 of the bill: the provision delaying until 2023 the use of C-CPI-U for purposes of inflation adjustments is stricken. Thus, under the Chairman's amendment in the nature of a substitute, the adjustments to the inflation indexing calculations provided in section 1001 of the bill take effect for taxable years beginning after December 31, 2017.

  • Section 4502 of the bill, “Limitation on Treaty Benefits for Certain Deductible Payments,” is stricken.

  • Other technical and conforming amendments are made.

DOCUMENT ATTRIBUTES
  • Institutional Authors
    Joint Committee on Taxation
  • Subject Area/Tax Topics
  • Jurisdictions
  • Tax Analysts Document Number
    2017-94611
  • Tax Analysts Electronic Citation
    2017 TNT 213-24
Copy RID