Following negotiations late Tuesday evening, lawmakers came to an agreement on a $426 billion tax cut plan to be added to the year-end spending package. Included in the bill were a variety of “tax-extenders” for a wide range of tax breaks ranging from biodiesel to distilleries.
Of note for RCRC member counties was the inclusion of several provisions allowing tax relief for individuals and businesses in federally designated disaster areas.
Full text of the bill can be accessed here.