“Tax Me Now; Pay Me Later? House Majority Tax Bill Changes to Common Executive Compensation Arrangements and Benefits”
On November 6, 2017, House Ways and Means Committee Chairman Kevin Brady (R-TX) introduced the Tax Cuts and Jobs Act, the long-awaited Republican-sponsored tax bill. The House Bill proposes a significant overhaul to the Internal Revenue Code of 1986, as amended, including changes that significantly impact executive compensation and employee benefits.
This Stroock Special Bulletin provides a brief overview of some of the provisions in the House Bill.