10/7
Tax Notes
Kristen A. Parillo
October 7, 2021
A proposal by House Ways and Means Committee Democrats that would deny deductions from syndicated easement donations has sparked a debate over the fairness of the proposed retroactive effective date.
Opponents of the provision, included in proposed pay-fors advanced September 13 by Ways and Means Democrats as part of the $3.5 trillion budget reconciliation process, argue that its December 23, 2016, effective date is unduly harsh and contrary to sound tax policy.