• Business Highlights of the 2017 Tax Cuts and Jobs Act
  • January 5, 2018 | Authors: Warren W. Ayres; Pauline Markey
  • Law Firm: Obermayer Rebmann Maxwell & Hippel LLP - Philadelphia Office
  • The highly anticipated Tax Cuts and Jobs Act is expected to be signed into law in early 2018. This Act when signed into law will be the largest tax reform since 1986 and as a result, will affect many aspects of the tax code. From a business perspective, the most prominent provision in this Act is the reduction of the corporate tax rate from a top guaranteed rate of 35% to a flat rate of 21% and the repeal of the corporate alternative minimum tax.