The Joint Committee on Taxation released its Overview of the Tax Treatment of Corporate Debt and Equity in advance of the Senate Finance Committee’s May 24 public hearing, titled “Debt and Equity: Corporate Integration Considerations.” The document presents an overview of the Tax Code’s treatment of debt and equity, both for issuers and holders, data regarding nonfinancial business sector debt and equity, and tax incentives created by the present-law tax treatment of debt and equity.