Archive: legislation

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Last-Minute Proposed Tax Legislation

On November 26, 2018 House Ways and Means Committee Chairman Kevin Brady (R-TX) released the Retirement, Savings, and Other Tax Relief Act of 2018 and the Taxpayer First Act of 2018. These two pieces of legislation could have a major impact on individuals and small businesses. Key proposals in the Retirement, Savings, and Other Tax […]
December 17, 2018

Tax Reform 2.0 Passes the House

Making important headway on the proposals outlined in the legislative framework for tax reform 2.0, the U.S. House of Representatives approved the following three bills in September: R. 6760 – Protecting Family and Small Business Tax Cuts Act of 2018: The bill is intended to make permanent various individual tax provisions and Section 199A deduction […]
November 7, 2018

Senators Introduce Bipartisan Bill to Improve IRS Inefficiencies

On July 26, 2018, Senators Rob Portman (R-OH) and Benjamin Cardin (D-MD) introduced the Protecting Taxpayers Act before the Senate Finance Subcommittee on Taxation and IRS Oversight. This act comes in response to what many believe is a long overdue need to address IRS inefficiencies and bolster taxpayer protections. The bill aims to make enhancements […]
August 17, 2018

D.C. Enacts New Retailer Tax Credit, Higher Sales Tax Rates and More

On July 30, 2018, the District of Columbia enacted emergency budget legislation, B22-0901, for the fiscal year 2019, which included a number of key tax provisions. Notable tax-related items included in the legislation include: A new refundable credit franchise tax credit for retail businesses for rent or property taxes paid. Clarification that the District will […]
August 6, 2018

Conference Committee Report Issued on December 15th

The versions of the House and Senate bills have gone through the conference committee. Presumably this will be the final bill approved by both houses and signed by the President although, of course, nothing is final until the bill has passed. The bill is extensive and encompasses many areas of tax law with the primary […]
December 18, 2017
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  • Aronson

The Driving Force for Federal Online Marketplaces

A lot of minds in the acquisition community are wondering what the driving force is behind the recent push for the use of commercial online marketplaces for federal procurements. While it is well known that Rep. Mac Thornberry (R-Texas), Chairman of the House Armed Services Committee (HASC), has developed the proposed legislation, which directs GSA […]
October 25, 2017

Is Online Shopping the Future of Federal Acquisitions?

Every so often, an idea comes around with the potential to shake federal acquisition to its core. The 2018 National Defense Authorization Act (NDAA) includes such a provision. It regards the use of commercial online marketplaces for the purchase of commercial off-the-shelf (COTS) items. This proposed change has raised significant discussion in the procurement community, […]
September 11, 2017

Republican Tax Reform Proposals

With President Trump recently taking over the Oval Office, it will be interesting to see how quickly his administration can advance proposed tax legislation through Congress; considering it was a top priority during his campaign. Over the coming weeks, the Trump administration should submit their fiscal year 2018 budget to Congress, which ought to provide […]
February 1, 2017

The America Gives More Act: There Ain’t No Such Thing as a Free Lunch

The America Gives More Act, which was passed by the House on a 279-137 vote, seeks to make permanent tax breaks related to food inventories, land donations and gifts to charitable organizations. The legislation would also take the confusion out of the foundation excise tax by setting the tax at 1 percent across the board, […]
March 12, 2015
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  • Aronson

O’Malley Signs Public-Private Partnership Bill

Good news could be on the horizon for Maryland contractors and builders.  The Baltimore Business Journal reports that Maryland Governor Martin O’Malley is slated to sign legislation created to foster public-private partnerships (P3s) between the state and the private sector.  Bill 560 passed both the State Senate and House of Representatives this month with widespread […]
April 24, 2013
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  • Aronson