Insight

Build Back Better Act: Tax proposals

Summary and analysis of tax proposals and potential considerations

John P. Gimigliano

John P. Gimigliano

Principal, Washington National Tax, KPMG US

+1 202-533-4022

Jennifer Acuna

Jennifer Acuna

Principal, Washington National Tax, KPMG US

+1 202-533-3800

Jennifer Gray

Jennifer Gray

Director, Federal Legislative & Regulatory Services, KPMG US

+1 202-533-3489

Carol Kulish

Carol Kulish

Director, Washington National Tax, Federal Legislative & Regulatory Services, KPMG US

Thomas Stout

Thomas Stout

Director, Federal Legislative & Regulatory Services, KPMG US

+1 202-533-4148

 

The U.S. House of Representatives has released new text of proposed tax legislation as part of this Build Back Better Act (BBBA) legislative effort. This bill is a somewhat slimmed down version of the “Build Back Better” economic plan proposed by the Biden Administration in April 2021. If passed by the House, the bill would move to the Senate, where further changes would be expected.

For recent developments regarding U.S. federal tax legislation developments, visit KPMG TaxNewsFlash – Legislative Updates.

Summary report