Tax Cuts and Jobs Act of 2017: An Analysis

§ 1.00 Introduction
 § 1.01 Individual Income Tax Rates (Inflation Adjustment)
 § 1.02 Unearned Income of Children (“Kiddie” Tax)
 § 1.03 Individual Standard Deduction
 § 1.04 Suspension of Personal Exemption Deduction
 § 1.05 Treatment of Business Income of Individuals, Trusts, and Estates
 § 1.06 Enhancement of Child Tax Credit and New Family Credit
 § 1.07 Limitations on Losses for Taxpayers Other than Corporations
 § 1.08 Consolidation and Modification of Education Savings Rules
 § 1.09 Reforms to Discharge of Certain Student Loan Indebtedness
 § 1.10 Rollovers Between Qualified Tuition Programs and Qualified ABLE Programs
 § 1.11 Repeal of Overall Limitations on Itemized Deductions
 § 1.12 Modification of Deduction for Home Mortgage Interest
 § 1.13 Modification of Deduction for Taxes Not Paid or Accrued in a Trade or Business
 § 1.14 Repeal of Deduction for Personal Casualty and Theft Losses
 § 1.15 Limitation on Wagering Losses
 § 1.16 Modifications to the Deduction for Charitable Contributions
 § 1.17 Repeal of Certain Miscellaneous Itemized Deductions Subject to the Two-Percent Floor
 § 1.18 Revised Deduction for Medical Expenses
 § 1.19 Repeal of Deduction for Alimony Payments and Corresponding Inclusion in Gross Income
 § 1.20 Repeal of Deduction for Moving Expenses
 § 1.21 Suspension of Exclusion for Qualified Bicycle Commuting Reimbursement
 § 1.22 Repeal of Exclusion for Qualified Moving Expense Reimbursement
 § 1.23 Repeal of Special Rule Permitting Recharacterization of IRS Contributions
 § 1.24 Extended Rollover Period for the Rollover of Plan Loan Offset Amounts in Certain Cases
 § 1.25 Modification of Rules Applicable to Length of Service Award Programs for Bona Fide Safety Volunteers
 § 1.26 Modifications to Estate, Gift, and Generation-Skipping Transfers Taxes
 § 1.27 Alternative Minimum Tax (Exemption, Phaseout, Repeal)
 § 1.28 Reduction in Corporate Tax Rate
 § 1.29 Reduction in Dividends Received Deduction
 § 1.30 Elimination of Shared Responsibility Payment for Individuals Failing to Maintain Minimal Essential Coverage
 § 1.31 Temporarily Increased Contributions to ABLE Accounts, Eligibility for Saver’s Credit
 § 1.32 Extension of Time for Contesting IRS Levy
 § 1.33 Treatment of Certain Individuals Performing Services in the Sinai Peninsula of Egypt
 § 1.34 Relief for 2016 Disaster Areas
 § 1.35 Modification of Rule for Expensing Depreciable Business Assets
 § 1.36 Small Business Accounting Methods Reform and Simplification
 § 1.37 Temporary Increased Expensing for Certain Business Assets
 § 1.38 Modification to Depreciation Limitation on Luxury Automobiles and Personal Use Property
 § 1.39 Modification of Treatment of Certain Farm Property
 § 1.40 Applicable Recovery Period for Real Property
 § 1.41 Use of Accelerated Depreciation System (ADS) for Electing Farming Business
 § 1.42 Amortization of Research and Experimental Expenditures
 § 1.43 Expensing of Certain Costs of Replanting Citrus Plants Lost by Reason of Casualty
 § 1.44 Certain Special Rules for Taxable Year of Inclusion
 § 1.45 Limitation on Deduction for Interest
 § 1.46 Modification of Net Operating Loss Deduction
 § 1.47 Like-Kind Exchanges of Real Property
 § 1.48 Limitation on Deduction by Employers of Fringe Benefits
 § 1.49 Repeal of Deduction for Income Attributable to Domestic Production Activities
 § 1.50 Denial of Deductions for Certain Fines, Penalties, and Other Amounts
 § 1.51 Denial of Deductions for Settlements Subject to Nondisclosure Agreements Filed in Connection with Sexual Harassment or Sexual Abuse
 § 1.52 Repeal of Deduction for Local Lobbying Expenses
 § 1.53 Profits Interests in Partnerships
 § 1.54 Exclusion, etc., for Employee Achievement Awards
 § 1.55 Elimination of Deduction for Living Expenses Incurred by Members of Congress
 § 1.56 Revision of Treatment of Contributions to Capital
 § 1.57 Repeal of Rollover of Publicly Traded Securities Gain into Specialized SBICs
 § 1.58 Certain Self-Created Property Not Treated as Capital Asset
 § 1.59 Modification of Orphan Drug Credit
 § 1.60 Rehabilitation Credit Limitations
 § 1.61 Employer Credit for Paid Family and Medical Leave
 § 1.62 Repeal of Tax Credit Bonds
 § 1.63 Treatment of Gain or Loss of Foreign Persons from Sale or Exchange of Partnerships Engaged in Trade or Business Within the U.S. 
 § 1.64 Modification of the Definition of Substantial Built-in Loss in the Case of Transfer of Partnership Interest
 § 1.65 Charitable Contributions and Foreign Taxes Taken into Account in Determining Limitation on Allowance of Partner’s Share of Loss
 Deductions for Foreign Source Portion of Dividend
 § 1.66 Repeal of Technical Termination of Partnerships 
 § 1.67 Net Operating Losses of Life Insurance Companies
 § 1.68 Repeal of Small Life Insurance Company Deduction
 § 1.69 Adjustment for Change in Computing Reserves
 § 1.70 Special Rule for Distributions to Shareholders from Pre-1984 Policyholders Surplus Accounts
 § 1.71 Modification of Proration Rules for Property and Casualty Insurance Companies 
 § 1.72 Repeal of Special Estimated Tax Payments 
 § 1.73 Computation of Life Insurance Tax Reserves
 § 1.74 Modification of Rules for Life Insurance Proration for the Purposes of Determining the Dividends Received Deduction
 § 1.75 Capitalization of Certain Policy Acquisition Expenses
 § 1.76 Tax Reporting for Life Settlement Transactions, Clarification of Tax Basis of Life Insurance
 Contracts, and Exception to Transfer for Valuable Consideration Rules
 § 1.77 Limitation on Deduction for FDIC Premiums
 § 1.78 Repeal of Advance Refunding Bonds
 § 1.79 Expansion of Qualifying Beneficiaries of an Electing Small Business Trust
 § 1.80 Charitable Contribution Deduction for Election Small Business Trust 
 § 1.81 Modification of Treatment of S Corporation Conversions to C Corporations
 § 1.82 Modification of Limitation on Excessive Employee Remuneration
 § 1.83 Excise Tax on Tax-Exempt Executive Compensation
 § 1.84 Treatment of Qualified Equity Grants
 § 1.85 Increase in Excise Tax Rate for Stock Compensation of Insiders in Expatriated Corporations 
 § 1.86 Repeal of Special Rule Permitting Recharacterization of IRA Contributions
 § 1.87 Modification of Rules Applicable to Length of Service Award Programs for Bona Fide Public Safety Volunteers
 § 1.88 Extended Rollover Period for the Rollover of Plan Loan Offset Amounts in Certain Cases
 § 1.89 Excise Tax Based on Investment Income of Private Colleges and Universities 
 § 1.90 Unrelated Business Taxable Income Separately Computed for Each Trade or Business Activity
 § 1.91 Modifications to the Deduction for Charitable Contributions
 § 1.92 Production Period for Beer, Wine, and Distilled Spirits
 § 1.93 Reduced Rate of Excise Tax on Beer
 § 1.94 Transfer of Beer Between Bonded Facilities
 § 1.95 Reduced Rate of Excise Tax on Certain Wine
 § 1.96 Adjustment of Alcohol Content Level for Application of Excise Tax Rates
 § 1.97 Definition of Mead and Low Alcohol by Volume Wine
 § 1.98 Reduced Rate of Excise Tax on Certain Distilled Spirits
 § 1.99 Bulk Distilled Spirits
 § 1.100 Modification of Tax Treatment of Alaska Native Corporation and Settlement Trusts
 § 1.101 Amounts Paid for Aircraft Management Services
 § 1.102 Opportunity Zone
 § 1.103 Deduction for Foreign Source Portion of Dividends
 § 1.104 Sales or Transfers of Specified 10-Percent Owned
 § 1.105 Repeal of Active Trade or Business Exception under IRC Section 367
 § 1.106 Treatment of Deferred Foreign Income (Territorial Tax System) 
 § 1.107 Global Low-Taxed Income in Gross Income of U.S. Shareholders
 § 1.108 Deduction for Foreign Derived Intangible Income (GILTI) 
 § 1.109 Deduction for Global Low-Taxed Income in Gross Income of Shareholder
 § 1.110 Repeal of IRC Section 902 (Indirect Foreign Tax Credit) 
 § 1.111 Separate FTC Limitation Basket Created for Foreign Branch Income
 § 1.112 Source of Income from Sales of Inventory
 § 1.113 Election to Increase Percentage Domestic Taxable Income
 § 1.114 Repeal of Foreign Base Company Oil-Related Income Rule (IRC Section 954(a)) 
 § 1.115 Repeal of IRC Section 955
 § 1.116 Modification of CFC Status Stock Attribution Rules
 § 1.117 Expansion of U.S. Shareholder Definition
 § 1.118 Elimination of Minimum 30-Day CFC Holding Period
 § 1.119 Limitations on Income Shifting Through Intangible Property Transfers 
 § 1.120 Denial of Deductions for Certain Hybrid Payments 
 § 1.121 QDI Treatment Denied for Dividend Paid by Surrogate Foreign Corporations 
 § 1.122 Current Year Inclusion of Foreign High Return Amounts of GILTI
 § 1.123 Prevention of Base Erosion
 § 1.124 Restriction on Insurance Business Exception to the Passive Foreign Investment Company Rules
 § 1.125 Repeal of FMV of Interest Expense Apportionment
 TABLES: 
 IRC Sections Amended-Act Section Cross Reference Table
 Act Section-IRC Sections Amended Cross Reference Table
 Table of New IRC Sections
 Table of Amended Public Laws