In a significant win for The Council, the proposed rules exclude insurance agency and brokerage services from the scope of the term “Brokerage Services,” which is one of the core categories of SSTBs under the statute.
The Internal Revenue Service issued proposed regulations for a new provision allowing many owners of sole proprietorships, partnerships, trusts and S corporations to deduct 20 percent of their qualified business income.
On August 1st, the Departments of Treasury, Labor and Health and Human Services released their final rule amending the definition of “short-term, limited duration insurance” (STLDI).
On July 31, President Trump signed into law a bill that reauthorizes the National Flood Insurance Program through November 30, 2018.
The U.S. House of Representatives successfully passed a reauthorization of the NFIP until November 30, 2018. The bill now heads to the Senate ahead of the July 31 deadline.
The White House and the Department of Labor (“DOL”) rolled out the Administration’s long-awaited final rule on association health plans (“AHPs”).
Implementation of the Cadillac Tax on health insurance plans will be delayed by two years, from 2020 to 2022, as part of a deal reached in Congress.
Congress is considering delaying implementation of the Cadillac Tax by two years as part of a short-term funding measure that must be passed by Friday to avoid a government shutdown.
The House of Representatives and Senate voted along party lines to pass H.R. 1, the Tax Cut and Jobs Act of 2017. The President is expected to sign the legislation this week.
The bill avoids taxing employer-sponsored health insurance benefits and strikes a balance on the tax treatment for pass-through businesses that includes services industries.