Federal Spending Bill Includes Tax Provisions

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The Consolidated Appropriations Act, 2018, H.R. 1625, which is the $1.3 trillion spending bill that Congress passed on Friday, contains a few tax-related provisions, including funding for the IRS and technical corrections to various recent pieces of tax legislation.

It also amends the centralized partnership audit regime and changes the Sec. 199A deduction for farmers who sell grain to agricultural cooperatives. The bill passed the House of Representatives on Thursday by a 256–167 vote. It passed the Senate early Friday on a 65–32 vote. President…

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