From: Ayalon B. Eliach
To: NACA Members
Date: January 4, 2018
Subject: The Tax Cuts and Jobs Act
This memorandum does not constitute tax advice. It is intended solely as an informational resource for NACA members to understand some of the issues that the NACA Tax Initiative currently faces. NACA members are encouraged to evaluate all of the legal issues presented herein to develop their own views on the subject matter.