Experts Delve into Business, Manufacturing Provisions in House Tax Reform Bill

Tax attorney Joshua Odintz was quoted in a Thomson Reuters article discussing the House Ways and Means Committee's debate of the tax sections of a reconciliation bill, along with the implications for businesses and manufacturers. Mr. Odintz noted that although the bill primarily extends previous provisions, it introduces a significant new incentive: a qualified production property deduction that he described as "basically 100 percent expensing for a new building or plant." This may benefit domestic manufacturers, though the overall impact will vary by company.

"'For some companies, it might take them below 15 percent.' But overall, it'll be a 'company-specific' calculation and depend partially on whether a company is 'cash rich,' he added. 'But it is a nice incentive, and I would expect companies will take advantage of it,' he said."

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