EFTA02547535.pdf

From: Erika Kellerhals Sent: Saturday, December 16, 2017 12:48 AM To: jeffrey E. Cc: Richard Kahn Subject: Re: Here's the explanation we go from C=apo's tax guy The conference report language is now posted o= the House Rules Committee website. Tony may have already told you gu=s, since he was in the conference, but we found out from Team Hatch as the c=nference wrapped up that our USVI provisions had to be dropped out. T=ny may more insight but apparently JCT ultimately determined that the langu=ge as written would also apply to Puerto Rico, leading to a revised score o= $3.9 billion, which was more than they could accommodate in the bill. = When they tried to find a way to adjust the language to only apply to the V=, they found it couldn't be done without it being considered an ine=igible tax earmark. I'm still waiting for more details about h=w and why JCT ended up with this new interpretation. But sadly it app=ars after all our efforts we are now back to the drawing board. Cr> Erika A. Kellerhals Member =div>Kellerhals Ferguson Kroblin PLLC 9053 Es=ate Thomas, Suite 101 St. Thomas VI 00802 Office Cell:l On Dec 15, 2017, at 8:26 PM, jeffrey E. <[email protected]> wrote: =blockquote type="cite"> sourcing rules taken o=t in conference. = please note The information contained in t=is communication is confidential, may be attorney-client privileged, may=br>constitute inside information, and is intended only for the use of th= addressee. It is the property of JEE Unauthorized use, disclosure or=copying of this communication or any part thereof is strictly prohibited=br>and may be unlawful. If you have received this communication in error= please notify us immediately by return e-mail or by e-mail to [email protected], a=d destroy this communication and all copies thereof, including all at=achments. copyright -all rights reserved EFTA_R1_01701888 EFTA02547535