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    Home /  Insights /  Memos, Newsletters and Alerts /  Memo
    S&C Memos

    President Biden’s Fiscal Year 2023 Revenue Proposals

    Proposals Relating to Business, International, Individual, Real Estate, and Digital Assets Taxation

    March 31, 2022 | min read |
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    On March 28, 2022, the Biden Administration (the “Administration”) released the General Explanations of the Administration’s Fiscal Year 2023 Revenue Proposals (commonly known as the “Green Book”). The Green Book does not include proposed statutory language, but it does contain some explanations of the Administration’s fiscal year 2023 revenue proposals. The Green Book is not necessarily a preview of forthcoming legislation, and many proposals are more akin to a “policy position” than proposed legislation. However, even if not enacted by the current Congress, many Green Book proposals become the basis on which future legislation is drafted. This memorandum discusses key aspects of the Green Book relating to business taxation, international taxation, individual taxation, real estate taxation, and taxation of digital assets.

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