There’s still a ways to go, but the US House is moving in the right direction this week with the House Committee on Rules voting to send a year-end tax bill to the floor for a vote. The House Ways & Means Committee released its TCJA fix package this past Monday and it may be scheduled for a full vote as today. The package, technically known as the Retirement, Savings, and Other Tax Relief Act of 2018, includes a number of time-sensitive corrections to the Tax Cuts and Jobs Act (TCJA), but of particular concern to franchise owners is resolving the glitch in the depreciation tax break relating property improvements. In addition to the depreciation fix, the legislation also provides enhancements to retirement and savings programs as well as other tax extenders and clarifications on the net operating losses and the timing of NOL deductions. With the House flipping to democratic control in January, the timing to get the fixes done in the current lame duck session (which is expected to last only until mid-December), is critical. In addition, whether the legislation would have sufficient support to clear the Senate is unclear.