By Carlie Christensen
Update: On December 10, 2018, House Ways & Means Committee Chairman Kevin Brady (R-TX) introduced a revised year-end tax relief package. This revised bill does not extend expired tax provisions, including the Indian Employment Credit (IEC) and the Federal Empowerment Zone (FEZ) credit. However, it does expand the areas eligible for disaster tax relief and employee retention credits.
Unfortunately, it appears that this package currently lacks the necessary bipartisan support to move forward. In addition, an impasse between Democratic Congressional leadership and the Administration over border wall funding is decreasing the likelihood of an end-of-year tax package. Equifax will continue to work to support such a package and will provide updates as Congress continues to debate these issues over the next couple of weeks.