DC Tax Flash: President Signs Massive Year-End Tax, Spending, and Virus Relief Bill
After days of uncertainty, President Trump signed into law the Consolidated Appropriations Act, 2021, capping a week of high-stakes drama over the fate of the massive year-end legislation. The bill (H.R. 133) includes spending for the remainder of the FY 2021 fiscal year, a package of virus relief measures and a set of extensions of various temporary tax provisions.
In a statement, the president said: "I will sign the Omnibus and Covid package with a strong message that makes clear to Congress that wasteful items need to be removed. I will send back to Congress a redlined version, item by item, accompanied by the formal rescission request to Congress insisting that those funds be removed from the bill."
Miller & Chevalier Coronavirus Task Force
The outbreak of COVID-19 is creating significant business and legal challenges for companies throughout the world. In response to client demand, the firm has formed an interdisciplinary task force to help businesses navigate these issues.
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