WASHINGTON, D.C., December 2, 2017— The Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) today released the following statement by Bob Rusbuldt, Big “I” president & CEO:

 

“The Big ‘I’ thanks the U.S. Senate for its work to grow our economy and create new jobs through a modernized tax code. While no legislation is perfect, the Big ‘I’ strongly supports the improvements made to the legislation which would allow more of our small business members classified as ‘pass-throughs’ to get more tax relief. In particular, the Big ‘I’ would like to thank Sen. Ron Johnson (R-Wisconsin) for his work on this issue. The Big ‘I’ would also like to thank Chairman Orrin Hatch (R-Utah) for his amendment to strike the provision that would have subjected name and logo royalties to the unrelated business income tax (UBIT). Striking this provision will allow the Big ‘I’ and its state associations to continue to provide our small business members with the services that they expect and deserve.”

For up-to-date information on the tax reform bill, logon and view IIABA's government affairs taxes page.​

Previous from IIABA on tax reform legislation:

Senate Passes Tax Reform Bill (IA Magazine, Dec. 4, 2017)