In this article, Burke and McCouch discuss the 2015 statutory amendment, enacted as part of the last-minute budget deal, that revised and renumbered the family partnership provision of section 704(e)(1). They question whether the change will accomplish its stated purposes of clarifying existing law and raising $1.9 billion in revenue, and they conclude that the 2014 proposals by former House Ways and Means Committee Chair Dave Camp offer a politically expedient source of selective pay-fors for future government spending without actually raising taxes.
Codifying Castle HarbourUF Law Faculty Publications
Citation InformationKaren C. Burke & Grayson M.P. McCouch, Codifying Castle Harbour, 150 Tax Notes 109 (2016), available at http://scholarship.law.ufl.edu/facultypub/747