Build Back Better Act Tax Briefing

On November 19, 2021, the House of Representatives passed the Build Back Better Act, by a vote of 220 to 213. The bill includes new social spending programs, like universal preschool, as well as expanded programs related to health care and housing. The bill also includes a massive expansion of green energy incentives, extensions of popular expansions of tax credits meant to help middle and lower-income taxpayers, and an increase in the limitation of the state and local tax deduction. All of this is paid for with tax increases on high-income taxpayers, as well as changes to corporate and international taxation.

This special report from CCH AnswerConnect provides a deep-dive into the proposed bill, including:

• Return of corporate AMT
• SALT cap increase 
• Extension of many popular ARPA tax credits
• Changes to taxation of foreign corporations
• Massive expansion and extension of green energy incentives
• Plus, much more!

Find out more about the Build Back Better Act, download a free copy of this timely tax briefing today.

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