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Tax Extenders Awaits Final Passage in Senate

The House passed H.R. 5771, the “Tax Increase Prevention Act of 2014” (tax extenders) legislation last week by a vote of 378-46. The Senate is expected to attach the tax extenders on to the $1.1 trillion funding bill. The legislative tactic would curtail any potential “holds” by senators. This week, Senator Coburn (R-Okla.) threatened to put a hold on the stand-alone $41.6 billion tax extenders bill. For more information, please contact Brian Lenihan at (202) 547-4733 or lenihanb@agc.org