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Significant Tax Legislation Timeline
Tax Cuts and Jobs Act of 2017, enacted December 22, 2017
Brought sweeping changes to the tax code that affected entities across the board from individuals to corporations.
SECURE Act, enacted December 20, 2019
Focused on retirement, the Act updated requirements and incentives surrounding retirement plans and distributions.
Families First Coronavirus Response Act, enacted March 18, 2020
The first of the legislative measures enacted in response to the outbreak of the COVID-19 pandemic, the Act provided the initial guidelines for payroll tax relief for employers.
CARES Act, enacted March 27, 2020
Provided funding for small business loans, with eligibility for forgiveness, and stimulus proceeds for individuals, subject to income limitations.
PPP and Healthcare Enhancement Act, enacted April 24, 2020
Supplied second round of funding for small business loans.
Consolidated Appropriations Act, enacted December 27, 2020
Provided third round of funding for small business loans and second round of smaller stimulus fund disbursements to individuals.