January 01, 2018
Effective date for most provisions of the Tax Act.
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This document is a legal 'Client Alert' analyzing the impact of the Tax Cuts and Jobs Act signed in late 2017, specifically focusing on how the new laws affect asset management firms and 'carried interest.' It details the new three-year holding period requirement for capital gains to be eligible for long-term tax rates. The document bears a House Oversight Bates stamp, suggesting it was obtained during a congressional investigation, likely related to financial records.
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