On November 9th, the Joint Committee on Taxation released the Description of the Chairman’s Mark of the Tax Cuts and Jobs Act, revealing the Senate’s version of proposed tax reform. On December 2, 2017, the Senate passed a tax bill by a vote of 51-49. Prior to passage of the bill, during the Senate debates, there were changes made in order to secure enough votes to pass the bill. This alert highlights some of the changes that could most significantly affect your business.