While passing the $1.4 trillion spending package this week to keep the government funded and avoid a federal shutdown, Congress also corrected some provisions and oversights from the 2017 Tax Cuts and Jobs Act. Unfortunately however, the fix for the Qualified Improvement Property (QIP) depreciation schedule was not included, nor were most other tax extenders that our subscribers would be most interested in. During debate yesterday in the US Senate, Pennsylvania republican Senator Pat Toomey proposed an amendment to correct the QIP drafting error, but that fix was ultimately left out of the legislation. The final measure does include a permanent repeal of three major health care taxes, including the those on medical devices, health insurers and high cost “Cadillac” insurance plans as well as some tax extenders (including the WOTC), but the more important technical errors and omissions from the 2017 TCJA were not included in the final bill and we’ll continue to focus on the QIP fix as a top priority in 2020.