JCT descriptions, estimated budgetary effects of Ways and Means proposals
The legislation is expected to be marked up in committee on Tuesday, September 14, 2021.
Ways and Means proposals
| The discussion below ultimately resulted in action by the Ways and Means Committee which on September 15, 2021, approved a tax legislative package. Read a KPMG report [PDF 2.3 MB] (203 pages) that provides a summary and analysis of the tax proposals: “Build Back Better Act” tax proposals, as approved by Ways and Means (September 16, 2021) |
In connection with the release of additional legislative text last night by House Ways and Means Committee Chairman Richard E. Neal (D-MA)—read TaxNewsFlash—today the Joint Committee on Taxation (JCT) released the following documents:
- Description of Subtitle F – Infrastructure Financing And Community Development: Budget Reconciliation Legislative Recommendations: JCX-37-21
- Description of Subtitle G – Green Energy: Budget Reconciliation Legislative Recommendations: JCX-38-21
- Description of Subtitle H – Social Safety Net: Budget Reconciliation Legislative Recommendations: JCX-39-21
- Description of Subtitle J – Drug Pricing: Budget Reconciliation Legislative Recommendations: JCX-40-21
- Estimated Budgetary Effects Of The Revenue Provisions Of Subtitles F, G, H, And J Of The Budget Reconciliation Legislative Recommendations Relating To Infrastructure Financing, Green Energy, Social Safety Net, And Drug Pricing: Read JCX-41-21
The legislation is expected to be marked up in committee on Tuesday, September 14, 2021.
Chairman Neal has not yet released the revenue-raising proposals that Ways and Means is expected to consider after the tax incentives and credits.
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