New and Proposed Tax Legislation – Where Do We Stand Right Now? | Closing Remarks - American Institute of CPAs
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This session will provide participants with up-to-date information on both new and proposed federal tax legislation and its impact on financial institutions. Topics to be discussed include the tax provisions of the Infrastructure Investment and Jobs Act signed into law in November and the tax proposals impacting financial institutions that are currently included within the Build Back Better Act that may pass by year-end 2021 or early 2022. While no corporate tax rate increase is currently included in any proposed tax legislation, the prospects for a possible rate increase and related contingency planning will also be discussed.
Learning Objectives:
Assess up-to-date information on new and proposed tax legislation impacting financial institutions
Analyze updated information on the possibility of a corporate tax rate increase and understand what contingency tax planning measures may be considered to address this possibility