Following-up on my earlier post on the potential impact (positive or negative depending on your perspective) of the proposed removal of the tax exemption for US citizens on their foreign housing expenses, I've been trying to find out if this is the final bill to be presented to the President.
If this is the Senate bill, my understanding is that it will have to be reconciled with the House version, which tends to create a lot of room for modification.
It does seem that every year this housing exemption issues crops up, only to be eventually removed. So maybe it won't happen as it's not clear just what stage this bill is at.
