Recent Legislation

Recently enacted tax legislation from projects undertaken by DEG:

Code section Provision name Act Date of Enactment
55 Repeal of corporate alternative minimum tax. Tax Cuts and Jobs Act,
P.L. 115-97
12/22/2017
807 Computation of Life Insurance Reserves Tax Cuts and Jobs Act,
P.L. 115-97
12/22/2017
812 Definition of company’s share and shareholder’s share Tax Cuts and Jobs Act,
P.L. 115-97
12/22/2017
848 Capitalization of certain policy acquisition expenses Tax Cuts and Jobs Act,
P.L. 115-97
12/22/2017
6306 Reform of rule related to qualified tax collection contracts, and special compliance personnel program. Fixing America’s Surface Transportation act (FAST ACT), P.L. 114-94 12/04/2015
170(b) and 501(h) Provide special rules concerning charitable contributions to, and public charity status of, agricultural research organizations. Consolidated Appropriations Act, 2016, P.L. 114-113 12/18/2015
3512 Treatment of certain persons as employers with respect to motion picture projects. Consolidated Appropriations Act, 2016, P.L. 114-113 12/18/2015
2501(a) Gift tax not to apply to gifts made to certain exempt organizations. Consolidated Appropriations Act, 2016, P.L. 114-113 12/18/2015
543 Exclusion of dividends from controlled foreign corporations from the definition of personal holding company income for purposes of the personal holding company rules. Tax Increase Prevention Act of 2014 and the Stephen Beck Jr., Achieving A Better Life Experience Act of 2014 (TIPRA and ABLE Act), P.L. 113-295 12/19/2014