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Tax News & Views - May 2, 2014

Vol. 15, No. 17


Tax News & ViewsAuthor
Tax Policy Group, Deloitte Tax LLP

  • Ways & Means approves first tranche of permanent extenders – The House Ways and Means Committee voted largely along party lines to pass a series of bills that would permanently extend the research and experimentation tax credit and several other temporary business tax provisions that expired at the end of 2013.
  • DOT funding proposal appears to include revenue from White House corporate tax reform framework – The Department of Transportation (DOT) sent a draft transportation funding reauthorization bill to Capitol Hill that incorporates additional funding allocated from what appears to be an Obama administration budget proposal to spend certain revenue raised from corporate tax reform on infrastructure projects.

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