President Trump signed the 2017 tax reform bill, the Tax Cuts and Jobs Act (TCJA), into law that lowered tax rates for corporations and passthrough entities (such as S-corps, limited liability corporations and partnerships); simplified tax accounting for construction businesses, repealed the corporate alternative minimum tax (AMT) and significantly reduced the impact of the individual AMT.

President Trump has proposed tax incentives to “boost tax home pay” and “keep jobs in America” as well as incentives to promote domestic manufacturing, research and development, and additional investment in “Opportunity Zones” created in the Tax Cuts and Jobs Act.



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