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1 1 (March 31, 2020)

handle is hein.crs/goveavy0001 and id is 1 raw text is: Congressional ____ SResearch Service IE Technical Corrections to Tax Reform Updated March 31, 2020 For some in Congress, technical corrections to the 2017 tax revision (commonly known as the Tax Cuts and Jobs Act, or TCJA; P.L. 115-97) have been a legislative priority. It is not always clear, however, what is strictly a technical correction. This Insight highlights provisions that have been widely discussed as technical corrections to the 2017 tax revision, starting with provisions in former Ways and Means Committee Chairman Kevin Brady's 2019 technical corrections discussion draft. It then highlights other fixes to the 2017 tax revision that might be considered, even if those fixes might fall outside the scope of what would be considered by most to be a technical correction. Since this Insight was first published on October 9, 2019, five of the provisions discussed have been addressed in recently enacted legislation. These changes are noted below. For some, there is an understanding that technical corrections are provisions that are generally noncontroversial changes to the text of already enacted tax legislation to ensure that the law as enacted is consistent with Congress's original intent. What some might consider a true technical correction would also not affect revenue. However, there is no formal definition of a technical correction. The Technical Corrections Discussion Draft On January 2, 2019, Representative Brady released the Tax Technical and Clerical Corrections Act Discussion Draft. The preamble of the draft notes that technical corrections are needed to properly reflect the original Congressional intent of provisions that were included in P.L. 115-97 (as well as other legislation). The discussion draft includes technical corrections that had been developed as of the January 2, 2019, release date, but acknowledges additional technical corrections may be identified in the future. The Joint Committee on Taxation (JCT) also released a technical explanation of the discussion draft. Representative Brady's discussion draft would address some of the technical corrections that have garnered widespread media attention. Lawmakers in the 116h Congress have introduced stand-alone bills to address some of the technical corrections that were included in the discussion draft. Representative Brady's discussion draft also includes a number of technical corrections not included in stand-alone legislation in the 116th Congress. The discussion draft would have made technical changes to the kiddie tax that would address concerns regarding how certain military survivors' benefits have been taxed post-P.L. 115-97. This issue was Congressional Research Service https://crsreports.congress.gov IN11175 CRS INSIGHT Prepared for Members and Committees of Congress

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