CCH Tax Day Report
The House Appropriations Committee is in the process of drafting a Continuing Resolution (CR) to keep the federal government, including the IRS, open into 2017, House Majority Leader Kevin McCarthy, R-Calif., said on the House floor on December 2. The current stop-gap spending bill is set to expire on December 9 (TAXDAY, 2016/09/30, C.1). House Democrats, however, have been lukewarm to another CR.
According to McCarthy, the CR should be finalized by December 8. The CR was originally expected to keep the government funded into March, but that date is likely to change, McCarthy indicated. McCarthy said that his hope is that the House can recess on December 8, “but no one can predict what will happen….if the work is not finished, we will not leave.”
House Minority Leader Nancy Pelosi, D-Calif., has not embraced another CR. Pelosi has said that another stop-gap bill contributes to uncertainty.
Additionally, the National Defense Authorization Bill for Fiscal Year (FY) 2017 (Sen. 2943) was passed on the House floor December 2 by a 375-34 vote. The bill now heads back to the Senate. The measure, among other things, would amend Code Sec. 112(c)(5)(B) regarding certain combat zone compensation of members of the Armed Forces.
By Jessica Jeane, Wolters Kluwer News Staff