Senate Finance Committee Releases Second Tax Reform Option Paper

On April 11, the Senate Finance Committee released a second in a series of tax reform option papers; this latest document outlines ideas regarding “Business Investment and Innovation.” Included in the policy paper are Section 179 expensing, expanding cash method of accounting, providing a pass-through business deduction and repeal of last-in, first-out (LIFO) inventory accounting. For more information, please contact Brian Lenihan at 202.547.4733 or lenihanb@agc.org.