News & Analysis as of

Biden Administration Senate Finance Committee Proposed Legislation

Pillsbury Winthrop Shaw Pittman LLP

Senate Draft Tax Bill Expands CHIPS Act Investment Tax Credit

Proposed legislation would increase the Advanced Manufacturing Investment Tax Credit from 25% to 30% for projects started by the end of 2026. Substantial differences between House and Senate versions of the tax package will...more

Brownstein Hyatt Farber Schreck

Tax & Financial Services Week Ahead - October 25, 2021

WHAT TO WATCH - Democrats are reportedly nearing a topline agreement on the Build Back Better Act, the legislative vehicle to advance much of President Biden’s social infrastructure agenda. President Biden provided an update...more

Brownstein Hyatt Farber Schreck

Comparison of Senate Finance Committee and Biden Administration International Tax Proposals

Democrats have promised a revamp of the current international tax system to ensure that large multinational corporations pay their “fair share,” stop offshoring jobs, and are incentivized to invest in domestic growth. The...more

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