The Senate Finance Committee late Monday released the legislative text of its tax overhaul legislation.

The text was unveiled after the panel approved the GOP proposal on a party-line vote last week. The committee typically marks up detailed narratives of tax bills and releases legislative text once the plans clear the panel.

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The 515-page bill temporarily cuts taxes for individuals while slashing the corporate tax rate on a permanent basis. The bill is expected to be considered on the Senate floor next week.

The Joint Committee on Taxation estimated that the bill would add $1.414 trillion to the deficit over 10 years.

Read the bill here:

Read legislative text of Senate GOP's tax overhaul legislation by kballuck1 on Scribd