On May 22, 2025, the U.S. House of Representatives passed the sweeping Tax Reform and Reconciliation Act by a 215–214 vote. This 1,100-page tax package, developed through the House Ways and Means Committee under the reconciliation process, now advances to the Senate, where additional debate and changes are expected. We have attached a CCH tax briefing which is an excellent summary. Stay tuned.
Author:
Melinda Fellner, Partner
Email: fellner@clm.com