when does the republican tax plan go into effect
Tax Cuts and Jobs Act of 2017 The House passed the penultimate version of the bill on December 19, 2017, though for Senate procedural reasons small changes were needed and a revote was held in the House.[25] The Senate passed the final version on December 20 in a 51â€“48 vote and that final version was passed by the House of Representatives on that same day. The bill was signed into law by President Donald Trump on December 22, 2017. Most of the changes introduced by the bill went into effect on January 1, 2018 and will not affect 2017 taxes.[26]
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Luxury tax (sports) The resulting total is then distributed to the remaining teams that are under the tax threshold.