CCH Weekly Report from Washington, D.C.
The conference report on the Federal Aviation Administration (FAA) Modernization and Reform Act of 2012 (HR 658) was approved by both chambers of Congress during the week of February 6. The Senate then turned its attention to a highway infrastructure bill. The IRS issued guidance addressing a variety of topics, including the due dates for employers claiming one of the expanded Work Opportunity Tax Credits for hiring unemployed military veterans, the summary of benefits and coverage (SBC) and the uniform glossary for group health plans and health insurance coverage in the group and individual markets under the Patient Protection and Affordable Care Act (PPACA) (P.L. 111-148) and foreign tax credits.read more