Senate Tax Bill Includes Concerning Executive (& Other) Compensation Provisions

By Randi Morrison posted 11-13-2017 08:35 AM

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As has been widely reported and as detailed in this Sullivan & Cromwell memo, the Senate's tax reform proposal includes the same landscape-changing deferred compensation provisions that were removed from the updated House bill (see this post: Updated Tax Bill Largely Preserves Deferred Comp Tax Treatment), and there's more action yet to come - once again triggering concerns about significant exec comp program changes that are proposed to be effective in the relatively near term. The Senate Finance Committee will begin acting on the bill today, and the House Committee on Rules will convene this week to consider the updated House bill.

As previously noted, we expect both the Senate and House bills to continue to evolve as they work their way through the legislative process. So while it's too soon to assume anything, understanding the changes under consideration and potential implications will better position companies to act more quickly if/when certain of the proposed reforms are effected.

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