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Author
Tax Policy Services Group, Deloitte Tax LLP
· Reconciliation Bill Remains Stalled, Despite Reported Agreement – House and Senate conferees reportedly have reached an agreement in principle on the major provisions of a $70 billion reconciliation tax cut bill; but further action on the legislation remains stalled due to disagreements over a planned second tax relief package that would move without reconciliation protection.
· Senate Estate Tax Repeal Vote Likely Delayed Until June – Because of a crowded legislative agenda, a Senate floor vote on estate tax repeal, which Majority Leader Bill Frist, R-Tenn., had promised for this month, is likely to be delayed until June, according to Finance Committee member Jon Kyl, R-Ariz.
· Interim Guidance Addresses Subpart F Treatment of Income From International Operation and Leasing of Ships, Aircraft – Treasury and the Internal Revenue Service released two notices concerning the subpart F treatment of income related to the operation and leasing of aircraft and vessels as necessitated by the American Jobs Creation Act of 2004.
See attached file for details.
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Reconciliation Bill Remains Stalled, Despite Reported Agreement
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Last Updated: May 5, 2006
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Source: Deloitte & Touche USA LLP - United States (English)
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