By Wolters Kluwer Editorial Staff
The House voted along party lines on May 4, 2017 to approve a repeal and replacement plan for the Patient Protection and Affordable Care Act (ACA) (P.L. 111-148). The American Health Care Act (AHCA) (H.R. 1628), approved by a 217-to-213 margin, would eliminate most of the ACA's taxes, including the penalties connected with the individual and employer mandates. The House bill now moves to the Senate, where changes are expected; indeed, the Senate may craft its own ACA repeal and replacement bill.
Wolters Kluwer’s latest Tax Briefing, ACA Repeal and Replacement, updates the Tax Briefing on the AHCA that was initially released on March 9, 2017. This updated Briefing reviews all of the tax provisions as approved by the House, including important Manager’s Amendments that accelerated many effective dates. To access the Briefing, please click here.
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