DC Tax Flash: President Signs Massive Year-End Tax, Spending, and Virus Relief Bill
Tax Alert
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.
COVID-19 Resource Library
We also maintain a resource library of legislative responses and regulatory guidance related to COVID-19.
The information contained in this communication is not intended as legal advice or as an opinion on specific facts. This information is not intended to create, and receipt of it does not constitute, a lawyer-client relationship. For more information, please contact one of the senders or your existing Miller & Chevalier lawyer contact. The invitation to contact the firm and its lawyers is not to be construed as a solicitation for legal work. Any new lawyer-client relationship will be confirmed in writing.
This, and related communications, are protected by copyright laws and treaties. You may make a single copy for personal use. You may make copies for others, but not for commercial purposes. If you give a copy to anyone else, it must be in its original, unmodified form, and must include all attributions of authorship, copyright notices, and republication notices. Except as described above, it is unlawful to copy, republish, redistribute, and/or alter this presentation without prior written consent of the copyright holder.