Thursday, March 10, 2022
Joint Tax Committee: Normal Rationalization Of Tax Laws Enacted In The 116th Congress
The Joint Committee on Taxation has launched Normal Rationalization of Tax Laws Enacted within the 116th Congress (JCS-1-22) (Mar. 8, 2022) (596 pages):
This doc, ready by the employees of the Joint Committee on Taxation in session with the staffs of the Home Committee on Methods and Means and the Senate Committee on Finance, gives an evidence of sure tax laws enacted within the 116th Congress.
For every provision, this doc features a description of current regulation, an evidence of the supply, and the efficient date. Current regulation describes the regulation in impact instantly earlier than enactment of the supply and doesn’t mirror adjustments to the regulation made by the enacting laws or by subsequent laws. For a invoice with a Committee report (or, within the absence of 1, a contemporaneous technical rationalization ready and revealed by the employees of the Joint Committee on Taxation), this doc relies on the language of the report (or rationalization). This doc follows the chronological order of the tax laws as signed into regulation.
Part references are to the Inner Income Code of 1986, as amended, until in any other case said. …
The Appendix gives the estimated finances results of tax laws described on this doc.
The primary footnote in every Half provides the legislative historical past of the Act defined in that Half.
https://taxprof.typepad.com/taxprof_blog/2022/03/joint-tax-committee-general-explanation-of-tax-legislation-enacted-in-the-116th-congress.html
