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House Passes Health and Economic Recovery Omnibus Emergency Solutions Act (HEROES Act)

On Friday evening (May 15, 2020), the House passed, in a 208-199 vote (mostly along party lines, though 14 Democrats and one Independent voted “No” and one Republican voted “Yes,” with 23 Members abstaining), the Health and Economic Recovery Omnibus Emergency Solutions Act (HEROES Act).

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Ropes & Gray Tax Reform Analysis


Time to Read: 1 minutes Practices: Tax, Tax-Exempt Organizations, Charitable Foundations

Capital Insights.

Congress has passed the most significant tax reform legislation in three decades (the “Act”), and on Friday, December 22, 2017, President Trump signed the bill into law. The legislation’s provisions will affect a broad range of taxpayers, making substantial changes to the taxation of businesses, individuals, and tax-exempt organizations, and adding significant complexity to the international tax regime.

To see Ropes & Gray’s analysis of key provisions of the Act, please click on the hyperlinks below:

Our previous coverage of tax reform can be found on our Capital Insights page.

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