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Proposed Legislation › Capital Gains › Legislative Agendas

Cadwalader, Wickersham & Taft LLP

Carried Interest Survives Budget Bill … for Now

Cadwalader, Wickersham & Taft LLP on

On May 15, 2025, the House released the draft FY 2025 budget bill. As currently drafted, the budget bill does not limit or otherwise change the tax treatment of carried interest.  Following the release of the budget bill,...more

Morrison & Foerster LLP

Proposed “Inflation Reduction Act” Could Significantly Curtail Carried Interest Tax Benefits

Morrison & Foerster LLP on

On July 27, 2022, Senate Majority Leader Chuck Schumer and Senator Joe Manchin announced their agreement on proposed legislation (the “Inflation Reduction Act of 2022” or “Act”) that is expected to be considered by the Senate...more

Paul Hastings LLP

Proposed Legislation Threatens to Upend Carried Interest Rules

Paul Hastings LLP on

As widely reported, on July 27, 2022 Democratic Majority Leader Senator Chuck Schumer and Senator Joe Manchin (D-W.Va) agreed to a reconciliation bill package titled the Inflation Reduction Act of 2022. The bill contains...more

Cadwalader, Wickersham & Taft LLP

Keep Your Eyes on Mark-to-Market

Cadwalader, Wickersham & Taft LLP on

We report elsewhere in this issue on Senate Finance Committee Chair Ron Wyden's (D-Ore.) proposed mark-to-market tax on billionaires. On August 5, 2021, Wyden also introduced the Modernization of Derivatives Tax Act of 2021...more

Verrill

House Democrats Propose Estate and Gift Tax Law Changes: Important Estate Planning Implications

Verrill on

What you need to know: On September 13, 2021, the House Ways and Means Committee released its proposed tax plan to fund President Biden’s $3.5 trillion “Build Back Better” social and economic spending package. If enacted as...more

Bricker Graydon LLP

Ohio SB 8 would authorize tax credits for Opportunity Zone investments

Bricker Graydon LLP on

A bill that would authorize tax credits for investments in an Ohio Opportunity Zone received support from the Summit County Executive and the Greater Cleveland Partnership, Gongwer reports. ...more

Butler Snow LLP

Tax Law Changes Under The Tax Cuts And Job Act

Butler Snow LLP on

On December 15th, the congressional conference committee charged with reaching a consensus on the competing versions of the Senate and House tax reform bills released its conference report containing the language of the final...more

Ballard Spahr LLP

Federal Tax Reform: The Current State of Play & The Big Picture (Updated 12/5)

Ballard Spahr LLP on

The Senate Finance Committee released a detailed description of the Senate's tax reform bill, titled the Tax Cuts and Jobs Act, on November 9. The Committee has not released the text of the bill, and likely will not do so...more

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