The Joint Committee on Taxation, the House Committee on Ways and Means, the Senate Committee on Finance, and the Treasury Department’s Office of Tax Policy have released a 341-page explanation of the tax provisions of OBBBA (P.L. 119-21) and the estimated budget effects of the law.
For each tax provision of the OBBBA, the report includes a description of the related tax law in effect immediately before enactment (referred to as ‘‘Present Law’’), an explanation of the provision, and the effective date of the provision.
You can access the report at: www.jct.gov/publications/2026/jcs-1-26/.
