The U.S. House of Representatives has passed the three bills that comprise the so-called Tax Cuts 2.0 package. These include:
- The American Innovation Act of 2018 (Bill H.R. 6756), which was passed on 27 September 2018 and includes a provision to allow new businesses to write off a larger amount of their start-up and organizational expenditure and a provision that would allow companies acquiring a start-up to retain the start-up net operating losses and tax credits after the change in ownersh…