JCT Estimates Tax Reform Act of 2014 Would Raise $3 Billion
FEB. 26, 2014
JCX-20-14
DOCUMENT ATTRIBUTES
- Institutional AuthorsJoint Committee on Taxation
- Cross-ReferenceTax Reform Act of 2014 discussion draft
. - Code Sections
- Subject Area/Tax Topics
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2014-4458
- Tax Analysts Electronic Citation2014 TNT 39-17
Citations: JCX-20-14
JOINT COMMITTEE ON TAXATION
February 26, 2014
JCX-20-14
Fiscal Years 2014 - 2023
[Billions of Dollars]
_____________________________________________________________________
Provision Effective
_____________________________________________________________________
I. Tax Reform for Individuals
A. Individual Income Tax Rate Reform
1. Simplification of individual income tax rates1 tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- -43.4 -62.5 -61.7 -64.1 -62.8
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-64.8 -60.1 -64.6 -59.9 -231.9 -543.8
2. Deduction for adjusted net capital tax:
a. Tax capital gains at ordinary rates, with a 40%
deduction for net capital gain tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.3 2.0 2.4 2.7 3.0
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
3.3 3.7 4.1 4.4 7.4 26.0
b. Tax dividends at ordinary rates, with a 40%
deduction for qualifying dividends tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.7 2.1 2.2 2.2 2.3
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2.3 2.3 2.3 2.3 7.2 18.7
3. Conforming amendments related to simplification
of individual income tax rates tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.A.1. - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.A.1. - - - - - - - - -
B. Simplification of Tax Benefits for Families
1. Increase in standard deduction, including
phase-out of benefit for all filers with MAGI
exceeding certain thresholds1 tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- -44.2 -66.0 -70.3 -73.0 -76.3
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-79.4 -82.2 -85.8 -89.1 -253.5 -666.2
2. Increase and expansion of child tax credit, including
phase-out of credit for taxpayers with MAGI above
certain thresholds1 tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- -5.0 -45.7 -48.0 -55.1 -72.6
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-74.6 -82.3 -84.0 -86.5 -153.9 -554.0
3. Modification of earned income tax credit1 tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.2 15.9 15.9 16.2 32.5
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
33.1 33.8 34.4 35.2 48.2 217.2
4. Repeal of deduction for personal exemptions1 tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 66.1 99.0 104.2 108.1 112.3
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
116.6 121.5 126.8 132.6 377.4 987.2
C. Simplification of Education Incentives
1. American opportunity tax credit1 tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.3 5.4 5.8 5.7 -5.3
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-4.9 -5.3 -5.3 -5.2 17.2 -8.7
2. Expansion of Pell Grant exclusion from gross
income tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.C.1. - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.C.1. - - - - - - - - -
3. Repeal of exclusion of income from United States
savings bonds used to pay higher education tuition
and fees tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 2 0.1
4. Repeal of deduction for interest on education
loans tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.3 1.5 1.5 1.5 1.6
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
1.6 1.6 1.6 1.7 4.8 13.0
5. Repeal of deduction for qualified tuition and
related expenses tyba 12/31/13
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2013 - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2013 - - - - - - - - -
6. No new contributions to Coverdell education
savings accounts cma 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 2 0.2
7. Repeal of exclusion for discharge of student loan
indebtedness ada 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 0.1 0.1 0.1 0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.1 0.1 0.2 0.2 0.4 1.1
8. Repeal of exclusion for qualified tuition
reductions tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.2 0.3 0.3 0.3 0.3
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.3 0.3 0.4 0.4 0.8 2.5
9. Repeal of exclusion for education assistance
programs apoeia 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.2 1.2 1.2 1.2 1.3
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
1.3 1.3 1.3 1.4 3.8 10.5
10. Repeal of exception to 10-percent early
distribution tax for higher education expenses dma 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.G.6. - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.G.6. - - - - - - - - -
D. Repeal of Certain Credits for Individuals
1. Repeal of dependent care credit1 tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 3.1 3.2 3.2 3.2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
3.3 3.3 3.3 3.4 9.5 26.0
2. Repeal of credit for adoption expenses apoia 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.1 0.5 0.6 0.6 0.6
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.6 0.6 0.6 0.6 1.7 4.7
3. Repeal of credit for nonbusiness energy property ppisa 12/31/13
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2013 - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2013 - - - - - - - - -
4. Repeal of credit for residential energy efficient
property ppisa 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.5 1.1 0.6 --- ---
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
--- --- --- --- 2.3 2.3
5. Repeal of credit for qualified electric vehicles vaa 12/31/11
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2011 - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2011 - - - - - - - - -
6. Repeal of alternative motor vehicle credit ppa 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - Provision Expires December 31, 2014 - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - Provision Expires December 31, 2014 - - - - - - - - -
7. Repeal of alternative fuel vehicle refueling
property credit ppisa 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - Provision Expires December 31, 2014 - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - Provision Expires December 31, 2014 - - - - - - - - -
8. Repeal of credit for new qualified plug-in electric
drive motor vehicles vaa 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.1 0.3 0.4 0.6 0.7
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.8 0.7 0.7 0.6 1.4 5.0
9. Repeal of credit for health insurance costs of
eligible individuals mba 12/31/13
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2013 - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2013 - - - - - - - - -
10. Repeal of first-time homebuyer credit rpa 6/30/11
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2010 - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2010 - - - - - - - - -
E. Deductions, Exclusions and Certain Other Provisions
1. Changes to certain itemized deductions1 tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 48.0 82.9 85.9 92.1 97.5
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
103.3 109.8 116.1 122.9 309.0 858.4
2. Exclusion of gain from sale of a principal
residence saea 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.6 1.3 1.7 1.8 1.9
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2.0 2.1 2.2 2.3 5.5 15.8
3. Mortgage interest (includes lodging allowance
exemption limitation) tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.E.1. - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.E.1. - - - - - - - - -
4. Charitable contributions cmi tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.E.1. - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.E.1. - - - - - - - - -
5. Denial of deduction for expenses attributable to
the trade or business of being an employee tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.E.1. - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.E.1. - - - - - - - - -
6. Repeal of deduction for taxes not paid or accrued
in a trade or business tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.E.1. - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.E.1. - - - - - - - - -
7. Repeal of deduction for personal casualty losses tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.E.1. - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.E.1. - - - - - - - - -
8. Limitation on wagering losses tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 2 0.1
9. Repeal of deduction for tax preparation expenses tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.E.1. - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.E.1. - - - - - - - - -
10. Repeal of deduction for medical expenses tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.E.1. - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.E.1. - - - - - - - - -
11. Repeal of disqualification of expenses for
over-the-counter drugs under certain accounts and
arrangements3 eia 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- -0.2 -0.3 -0.3 -0.3 -0.4
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-0.4 -0.4 -0.5 -0.5 -1.1 -3.3
12. Repeal of deduction for alimony payments and
corresponding inclusion in gross income dosaeia 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.1 0.2 0.3 0.4 0.6
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.7 0.9 1.1 1.2 1.0 5.5
13. Repeal of deduction for moving expenses tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.5 0.7 0.8 0.8 0.9
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
1.0 1.0 1.1 1.2 2.9 8.0
14. Termination of deduction and exclusions for
contributions to Archer medical savings accounts tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
15. Repeal of 2-percent floor on miscellaneous itemized
deductions tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.E.1. - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.E.1. - - - - - - - - -
16. Repeal of overall limitation on itemized
deductions tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.E.1. - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.E.1. - - - - - - - - -
17. Deduction for amortizable bond premium allowed
in determining adjusted gross income tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 4 4 4 4 4
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
4 4 4 4 4 4
18. Repeal of exclusion, etc., for employee
achievement awards5 tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.2 0.3 0.4 0.4 0.4
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.4 0.4 0.4 0.5 1.3 3.4
19. Clarification of special rule for certain
governmental plans pa DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
4 4 4 4 4 4
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
4 4 4 4 4 4
20. Limitation on exclusion for employer-provided
housing tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 2 2
21. Fringe benefits6 7 tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2.7 3.8 4.1 4.3 4.5
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
4.6 4.8 5.0 5.1 15.0 39.0
22. Repeal of exclusion of net unrealized appreciation
in employer securities da 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.1 0.1 0.1 0.1 0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.1 0.1 0.1 0.1 0.4 0.9
23. Consistent basis reporting between estate and
person acquiring property from decedent tfwaetrifa DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
2 0.1 0.2 0.2 0.2 0.2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.2 0.2 0.2 0.2 0.6 1.6
F. Employment Tax Modifications
1. Modifications of deduction for Social Security taxes
in computing net earnings from self-employment8 tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.4 0.5 0.6 0.6 0.6
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.6 0.6 0.6 0.6 2.0 5.1
2. Determination of net earnings from
self-employment9 tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.3 0.9 1.2 1.5 1.7
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
1.9 2.2 2.6 2.9 4.0 15.3
3. Repeal of exemption from FICA taxes for certain
foreign workers10 rrfspa 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.5 0.8 0.8 0.8 0.9
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.9 1.0 1.0 1.1 2.9 7.7
4. Repeal of exemption from FICA taxes for certain
students11 rrfspa 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.9 1.2 1.3 1.4 1.5
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
1.5 1.6 1.7 1.8 4.8 13.0
5. Override of Treasury guidance providing that certain
employer-provided supplemental unemployment generally
benefits are not subject to employment taxes12 Apa 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
4 0.1 0.1 0.1 0.1 0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.1 0.1 0.1 0.1 0.4 0.9
6. Treatment of certified professional employer
organizations 13
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 2 2
G. Pensions and Retirement
1. Elimination of income limits on contributions to
Roth IRAs tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 1.1 2.3 2.2 2.1 2.0
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
1.9 1.8 1.7 1.6 7.7 16.7
2. No new contributions to traditional IRAs1 tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.G.1. - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.G.1. - - - - - - - - -
3. Inflation adjustment for Roth IRA contributions tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.G.1. - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.G.1. - - - - - - - - -
4. Repeal of special rule permitting recharacterization
of Roth IRA contributions as traditional IRA
contributions tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
2 2 2 2 2 0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.1 0.1 0.1 0.1 0.2 0.4
5. Repeal of exception to 10-percent early distribution
tax for first home purchases; and elimination of first
time home purchase as a basis for a distribution from
a Roth IRA being a qualified distribution da 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 0.1 0.3
6. Termination for new SEPs tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 2 0.1 0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.1 0.1 0.1 0.1 0.1 0.6
7. Termination for new Simple 401(k)s pyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.G.6. - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.G.6. - - - - - - - - -
8. Rules related to designated Roth contributions cyba pyba tyba
12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 10.3 14.7 15.1 15.6 16.0
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
16.9 17.7 18.4 18.9 55.8 143.7
9. Modifications of required distribution rules for generally
pension plans dwrteda
12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 0.1 0.2 0.4
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.7 0.7 0.7 0.7 0.4 3.5
10. In-service distribution age lowered to 59 1/ 2
for pension plans and governmental 457(b) plans da 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 0.1 0.2
11. Modification of rules governing hardship
distributions pyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
12. Extended rollover period for the rollover of plan
loan offset amounts in certain cases tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
13. Coordination of contribution limitations for pya tyba
403(b) plans and governmental 457(b) plans 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.1 0.1 0.1 0.1 0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.1 0.1 0.1 0.1 0.3 0.9
14. Application of 10-percent early distribution tax
to governmental 457 plans wo/a 2/26/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 2 2 0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.1 0.1 0.1 0.1 0.1 0.6
15. Inflation adjustments for qualified plan benefit
and contribution limitations yewowa cyba 2014
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.1 0.2 0.2 0.2 0.2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.2 0.2 0.2 0.3 0.7 1.8
16. Inflation adjustments for qualified plan elective pya tyba
deferral limitations14 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 1.1 2.1 3.7 4.7 6.3
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
7.8 9.8 11.5 13.6 11.6 60.5
17. Inflation adjustments for SIMPLE retirement
accounts cyba 2014
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 0.1 0.1 0.1 0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.1 0.2 0.2 0.2 0.3 1.1
18. Inflation adjustments for catch-up contributions pya tyba
for certain employer plans 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.G.16. - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.G.16. - - - - - - - - -
19. Inflation adjustments for governmental and
tax-exempt organization plans tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.G.16. - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.G.16. - - - - - - - - -
H. Certain Provisions Related to Members of Indian Tribes
1. Indian general welfare benefits DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
2. Tribal Advisory Committee DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.H.1. - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.H.1. - - - - - - - - -
3. Other relief for Indian tribes DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.H.1. - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.H.1. - - - - - - - - -
Total of Tax Reform for Individuals
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 43.5 70.5 77.2 77.6 76.8
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
84.5 94.4 100.9 117.4 268.9 743.4
II. Alternative Minimum Tax Repeal
1. Repeal of alternative minimum tax on individuals tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- -12.0 -147.9 -135.8 -147.4 -157.2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-166.7 -177.2 -188.6 -198.9 -443.2 -1,331.8
2. Repeal of alternative minimum tax on corporations tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- -9.0 -20.1 -19.7 -15.5 -12.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-9.9 -8.3 -7.8 -8.0 -64.0 -110.2
Total of Alternative Minimum Tax Repeal
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- -21.0 -168.0 -155.5 -162.9 -169.3
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-176.6 -185.5 -196.4 -206.9 -507.2 -1,442.0
III. Business Tax Reform
A. Tax Rates
1. Phase-in 25-percent corporate tax rate tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
8.1 -14.3 -31.9 -55.4 -76.1 -97.5
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-96.2 -104.3 -105.5 -107.3 -169.5 -680.3
B. Reform of Business-Related Exclusions and Deductions
1. Revision of treatment of contributions to capital cmateia DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
1.4 1.5 1.3 1.1 0.9 0.7
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.6 0.5 0.5 0.5 6.1 8.8
2. Repeal of deduction for local lobbying expenses
apoia 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 0.1 0.1 0.1 0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.1 0.1 0.1 0.1 0.3 0.6
3. Expenditures for repairs in connection with casualty
losses lsa 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
4. Reform of accelerated cost recovery system (with
indexing for inflation)15 ppisa 12/31/16
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
-2.5 -9.0 -1.0 26.0 45.9 50.6
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
47.2 42.4 36.8 33.1 59.4 269.5
5. Repeal amortization of pollution control
facilities fpisa 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.1 0.5 1.0 1.2 1.4
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
1.4 1.0 0.7 0.5 2.9 7.9
6. Net operating loss deduction tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 5.7 8.5 8.2 7.6 7.6
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
7.9 8.0 8.2 8.4 30.2 70.5
7. Circulation expenditures apoii tyba
12/31/15
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- --- 0.2 0.3 0.2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-0.1 4 2 2 0.6 0.6
8. Amortization of research and experimental apoii tyba
expenditures 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 19.0 25.2 23.0 20.6 18.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
20.5 21.6 21.9 22.8 87.8 192.6
9. Repeal of deductions for soil and water conservation
expenditures and endangered species recovery
expenditures apoia 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.1 0.1 0.1 0.1 0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.1 0.1 0.1 0.1 0.3 0.8
10. Amortization of certain advertising expenses apoii tyba
(with phaseout of exemption) 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 6.1 14.7 19.2 23.7 25.2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
23.3 21.2 19.0 16.7 63.7 169.0
11. Expensing certain depreciable business assets for
small business tyba 12/31/13
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
-5.6 -10.1 -8.3 -7.3 -6.0 -4.5
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-3.6 -3.3 -2.9 -3.3 -37.3 -54.9
12. Repeal of election to expense certain refineries ppisa 12/31/13
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2013 - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2013 - - - - - - - - -
13. Repeal of deduction for energy efficient
commercial buildings ppisa 12/31/13
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2013 - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2013 - - - - - - - - -
14. Repeal of election to expense advanced mine safety
equipment ppisa 12/31/13
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2013 - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2013 - - - - - - - - -
15. Repeal of deduction for expenditures by farmers epoii tyba
for fertilizer, etc 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 1.4 1.0 0.4 0.1 0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.1 0.1 0.1 0.1 2.9 3.4
16. Repeal of special treatment of certain qualified
film and television productions pca 12/31/13
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2013 - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2013 - - - - - - - - -
17. Repeal of special rules for recoveries of damages
of antitrust violations, etc tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 2 2
18. Treatment of reforestation expenditures epoii
tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.2 0.1 0.1 0.1 0.2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.2 0.2 0.2 0.2 0.5 1.4
19. 20-year amortization of goodwill and certain other
intangibles paa 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.3 0.8 1.0 1.2 1.5
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
1.8 2.0 2.3 2.1 3.3 13.0
20. Treatment of environmental remediation costs epoia 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 4 4 4 4 4
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
4 4 4 4 4 4
21. Repeal of expensing of qualified disaster
expenses apoia 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
22. Phaseout and repeal of deduction for income
attributable to domestic production activities tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2.5 9.3 15.2 16.9 15.2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
14.0 14.0 14.2 14.5 43.9 115.8
23. Unification of deduction for organizational epoii tyba
expenditures 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 4 4 4 -0.1 -0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-0.1 -0.1 -0.1 -0.2 -0.2 -0.6
24. Prevention of arbitrage of deductible interest generally tyba
expense and tax-exempt interest income 12/31/14 &
oio/a 2/26/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
4 -0.1 4 0.1 0.2 0.3
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.3 0.3 0.3 0.3 0.2 1.6
25. Prevention of transfer of certain losses from tax
indifferent parties saea 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
16 2 0.1 0.1 0.1 0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.1 0.1 0.1 0.1 0.2 0.7
26. Entertainment, etc. expenses17 apoia 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 1.2 1.6 1.6 1.6 1.7
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
1.7 1.7 1.8 1.8 6.0 14.7
27. Repeal of limitation on corporate acquisition ipoiwrtiia
indebtedness 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 4 4 4 4 4
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
4 4 4 4 -0.1 -0.1
28. Denial of deductions and credits for expenditures apoia DOE
in illegal businesses tyea DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 2 2
29. Limitation on deduction for FDIC premiums tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.9 1.3 1.3 1.3 1.4
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
1.4 1.5 1.5 1.6 4.8 12.2
30. Repeal of percentage depletion tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.5 0.7 0.6 0.6 0.6
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.6 0.6 0.6 0.6 2.4 5.3
31. Repeal of passive activity exception for working
interests in oil and gas property tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
16 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 0.1 0.1
32. Repeal of special rules for gain or loss on timber,
coal, or domestic iron ore tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.A.1. - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.A.1. - - - - - - - - -
33. Repeal of like-kind exchanges generally ta
12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
16 0.6 1.1 1.7 2.4 3.5
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
4.8 6.5 8.7 11.7 5.8 40.9
34. Restriction on trade or business property treated as
similar or related in service to involuntarily
converted property in disaster areas dda 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 2 0.1
35. Repeal of rollover of publicly traded securities
gain into specialized small business investment
companies sa 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 0.2 0.2 0.2 0.2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.2 0.1 0.1 0.1 0.5 1.3
36. Termination of special rules for gain from certain
small business stock saea DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 4 -0.1 -0.1 -0.1 0.8
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
1.0 1.0 1.1 1.2 -0.2 4.8
37. Certain self-created property not treated as a
capital asset Da 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 0.1 0.1 0.1 0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.1 0.1 0.1 0.1 0.2 0.6
38. Repeal of special rule for sale or exchange of
patents Da 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
2 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 0.1 0.2
39. Depreciation recapture on gain from disposition of
certain depreciable realty Da 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.A.1. - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item I.A.1. - - - - - - - - -
40. Common deduction conforming amendments various
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - - - - No Revenue Effect - - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - - - - No Revenue Effect - - - - - - - - - - - -
C. Reform of Business Credits
1. Repeal of credit for alcohol, etc., used as
fuel18 fsoua 12/31/13
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2013 - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2013 - - - - - - - - -
2. Repeal of credit for biodiesel and renewable diesel
used as fuel fsoua 12/31/13
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2013 - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2013 - - - - - - - - -
3. Research credit modified and made tyba 12/31/13 &
permanent apoia 12/31/13
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
-1.1 -1.9 -2.4 -2.9 -3.3 -3.7
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-4.1 -4.5 -4.9 -5.3 -11.6 -34.1
4. Modify low-income housing program and repeal 4%
credits caa 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 0.2 0.4 0.8 1.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
1.5 1.9 2.2 2.6 1.4 10.7
5. Repeal of enhanced oil recovery credit DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - - - - No Revenue Effect - - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - - - - No Revenue Effect - - - - - - - - - - - -
6. Phaseout and repeal of electricity produced earcpasa
from certain renewable resources 12/31/14,
tybbo/a DOE, &
earcpasa
12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.6 1.2 1.3 1.3 1.3
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
1.2 1.0 0.9 0.9 4.4 9.6
7. Repeal of Indian employment credit tyba 12/31/13
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2013 - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2013 - - - - - - - - -
8. Repeal of credit for portion of employer Social
Security taxes paid with respect to employee cash
tips tfspa 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.5 0.9 1.0 1.1 1.2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
1.2 1.3 1.4 1.4 3.6 10.1
9. Repeal of credit for clinical testing expenses apoii tyba
for certain drugs for rare diseases or conditions 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
4 0.6 0.9 1.0 1.0 1.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
1.1 1.1 1.2 1.2 3.4 9.1
10. Repeal of credit for small employer pension plan
startup costs cpoia 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 2 2
11. Repeal of employer-provided child care credit tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 0.1 0.2
12. Repeal of railroad track maintenance credit tyba 12/31/13
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2013 - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2013 - - - - - - - - -
13. Repeal of credit for production of low sulfur epoii tyba
diesel fuel 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - - - - No Revenue Effect - - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - - - - No Revenue Effect - - - - - - - - - - - -
14. Repeal of credit for producing oil and gas from
marginal wells tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - - - - No Revenue Effect - - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - - - - No Revenue Effect - - - - - - - - - - - -
15. Repeal of credit for production from advanced
nuclear power facilities epasa 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- --- 0.1 0.1 0.1 0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 0.3 0.6
16. Repeal of credit for producing fuel from a
nonconventional source fpasa 12/31/13
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2009 - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2009 - - - - - - - - -
17. Repeal of new energy efficient home credit haa 12/31/13
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2013 - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2013 - - - - - - - - -
18. Repeal of energy efficient appliance credit apa 12/31/13
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2013 - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2013 - - - - - - - - -
19. Repeal of mine rescue team training credit tyba 12/31/13
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2013 - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2013 - - - - - - - - -
20. Repeal of agricultural chemicals security credit apoia 12/31/12
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2013 - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2013 - - - - - - - - -
21. Repeal of credit for carbon dioxide sequestration tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 0.1 0.1 0.2 0.2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.1 0.1 0.1 0.1 0.4 1.1
22. Repeal of credit for employee health insurance apoif
expenses of small employers1 tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 1.0 1.4 1.0 1.3 1.3
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
1.4 1.5 1.6 1.7 4.6 12.2
23. Repeal of rehabilitation credit 19
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.3 0.7 0.8 1.1 1.4
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
1.5 1.5 1.6 1.6 2.9 10.5
24. Repeal of energy credit ppisa 12/31/16
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2016 - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2016 - - - - - - - - -
25. Repeal of qualifying advanced coal project credit aara 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.1 0.1 0.2 0.2 0.2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.1 2 2 2 0.6 0.9
26. Repeal qualifying gasification project credit aara 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.1 0.1 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 0.2 0.3
27. Repeal of qualifying advanced energy project
credit aara 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.1 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
4 4 4 4 0.4 0.3
28. Repeal of qualifying therapeutic discovery project
credit aara 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - Provision Generally Expired December 31, 2010 - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - Provision Generally Expired December 31, 2010 - - - - - -
29. Repeal of work opportunity tax credit apoitiwbwftea
12/31/13
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2013 - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2013 - - - - - - - - -
30. Repeal of deduction for certain unused business
credits tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 0.1 0.2
D. Accounting Methods
1. Limitation on use of cash method of accounting tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.5 1.1 0.3 0.9 1.6
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
3.1 4.3 6.9 5.0 2.8 23.6
2. Rules for determining whether taxpayer has adopted
a method of accounting tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
3. Certain special rules for taxable year of
inclusion 20
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 1.7 2.7 2.1 2.0 0.8
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.2 0.2 0.3 0.3 8.6 10.4
4. Installment sales saoda 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.2 0.4 0.2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.1 0.1 0.1 0.1 0.8 1.1
5. Repeal of special rule for prepaid subscription
income pra 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 0.2 0.2
6. Repeal of special rule for prepaid dues income of
certain membership organizations pra 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 0.2 0.2
7. Repeal of special rule for magazines, paperbacks, and
records returned after close of the taxable year
tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 0.2 0.2
8. Modification of rules for long-term contracts ceia 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.6 1.8 1.5 0.7 0.4
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.3 0.4 0.4 0.4 4.6 6.5
9. Nuclear decommissioning reserve funds tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.1 0.2 0.2 0.1 0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.1 0.1 0.1 0.1 0.6 1.2
10. Repeal of last-in, first-out method of inventory tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.9 1.7 1.7 1.6 4.8
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
9.7 14.6 26.1 18.0 5.9 79.1
11. Repeal of lower of cost or market method of
inventory tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 0.1 0.1 0.1 0.2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.5 0.7 1.3 0.9 0.3 3.8
12. Modification of rules for capitalization and
inclusion in inventory costs of certain expenses tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- -0.3 -0.6 -0.5 -0.5 -0.5
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-0.5 -0.5 -0.5 -0.5 -1.9 -4.5
13. Modification of income forecast method ppisa 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.2 0.1 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 0.3 0.5
14. Repeal of averaging of farm income tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 0.1 0.3
15. Treatment of patent or trademark infringement prptjasa
awards 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 0.1 0.1
16. Repeal of redundant rules with respect to carrying
charges apoia 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
17. Repeal of recurring item exception for spudding of
oil or gas wells tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 0.1 0.2
E. Financial Instruments
1. Treatment of certain derivatives 21
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.1 0.8 1.6 2.2 2.4
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2.5 2.3 2 1.8 4.7 15.7
2. Modification of certain rules related to hedges teia 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
3. Current inclusion in income of market discount oaa 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 0.1 0.1 0.2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.2 0.1 0.1 0.1 0.2 0.9
4. Treatment of certain exchanges of debt instruments ta 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- -0.1 -0.1 -0.1 -0.1 -0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-0.1 -0.1 -0.1 -0.1 -0.3 -0.8
5. Coordination with rules for inclusion not later than
for financial accounting purposes tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 1.1 2.2 2.1 1.9 1.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.3 0.3 0.3 0.3 7.3 9.5
6. Rules regarding certain government debt DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
7. Cost basis of specified securities determined
without regard to identification seaoda 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
2 0.3 0.6 0.6 0.3 0.4
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.4 0.4 0.4 0.4 1.9 3.8
8. Wash sales by related parties saoda 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 0.1 0.1
9. Nonrecognition for derivative transactions by a
corporation with respect to its stock teia DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
2 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 0.1 0.2
10. Termination of private activity bonds bia 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
-0.2 -0.6 -0.4 0.7 1.8 2.7
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
3.7 4.5 5.4 6.2 1.4 23.9
11. Termination of credit for interest on certain
home mortgages tyea 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item III.E.10. - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item III.E.10. - - - - - - - -
12. Repeal of advance refunding bonds ar bia 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
4 -0.3 2 0.7 1.0 1.2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
1.3 1.4 1.5 1.5 1.4 8.3
13. Repeal of tax credit bond rules [1] bia DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
2 2 0.1 0.1 0.2 0.3
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.3 0.4 0.4 0.4 0.5 2.2
F. Insurance Reforms
1. Exception to pro rata interest expense disallowance
for corporate owned life insurance restricted to
20-percent owners cia 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.1 0.3 0.6 0.8 0.9
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
1.0 1.1 1.2 1.3 1.8 7.3
2. Net operating losses of life insurance companies tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.1 0.1 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 0.2 0.3
3. Repeal of small life insurance company deduction tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 0.2 0.3
4. Computation of life insurance tax reserves tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.8 2.8 3.1 3.2 3.2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
3.2 3.2 2.9 2.1 9.9 24.5
5. Adjustment for change in computing reserves tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.1 0.3 0.3 0.3 0.3
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.3 0.3 0.3 0.3 1.0 2.5
6. Modification of rules for life insurance proration
for purposes of determining the dividends received
deduction tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.2 0.5 0.5 0.5 0.5
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.5 0.6 0.6 0.6 1.7 4.5
7. Repeal of special rule for distributions to
shareholders from pre-1984 policyholders surplus
account tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 2 2
8. Modification of proration rules for property and
casualty insurance companies tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.1 0.3 0.3 0.3 0.3
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.4 0.4 0.4 0.4 1.0 2.9
9. Repeal of special treatment of Blue Cross and tyba 12/31/14
Blue Shield organizations, etc & tyba
12/31/16
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.2 0.4 0.4 0.4 0.5
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.5 0.5 0.5 0.6 1.4 4.0
10. Modification of discounting rules for property
and casualty insurance companies tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.6 2.2 2.5 2.6 2.6
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2.6 2.6 1.9 0.3 7.9 17.9
11. Repeal of special estimated tax payments tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
2 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 2 2
12. Capitalization of certain policy acquisition
expenses tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.5 1.9 1.8 1.6 1.5
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
1.3 1.2 1.0 0.9 5.8 11.7
13. Tax reporting for life settlement transactions generally
tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 4 4 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 0.1 0.1 2 0.2
14. Clarification of tax basis of life insurance generally
contracts teia 8/25/09
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item III.F.13. - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item III.F.13. - - - - - - - -
15. Exception to transfer for valuable consideration
rules ta 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item III.F.13. - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item III.F.13. - - - - - - - -
G. Pass-Thru and Certain Other Entities
1. Reduced recognition period for built-in gains made
permanent tyba 12/31/13
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
-0.2 -0.2 -0.3 -0.4 -0.3 -0.3
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-0.3 -0.3 -0.3 -0.3 -1.4 -3.0
2. Modifications to S corporation passive investment
income rules tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
16 -0.1 -0.3 -0.3 -0.4 -0.4
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-0.5 -0.5 -0.5 -0.5 -1.1 -3.6
3. Expansion of qualifying beneficiaries of an electing
small business trust 1/1/15
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
16 4 4 4 4 4
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
4 4 4 4 4 -0.1
4. Charitable contribution deduction for electing
small business trusts tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
16 4 4 4 4 4
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
4 4 4 4 4 -0.1
5. Permanent rule regarding basis adjustment to stock cmi tyba
of S corporations making charitable contributions of 12/31/13
property
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
4 -0.1 -0.1 -0.1 -0.1 -0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-0.1 -0.1 -0.1 -0.2 -0.4 -1.1
6. Extension of time for making S corporation
elections tyba ora 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
16 4 4 4 4 4
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
4 4 4 4 4 4
7. Relocation of C corporation definition DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - - - - No Revenue Effect - - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - - - - No Revenue Effect - - - - - - - - - - - -
8. Repeal of rules relating to guaranteed payments
and liquidating distributions tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
16 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 0.1 0.3
9. Mandatory adjustments to basis of partnership
property in case of transfer of partnership interests ta 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
16 2 0.1 0.1 0.1 0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.1 0.1 0.2 0.2 0.3 1.1
10. Mandatory adjustments to basis of undistributed
partnership property da 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - Estimate Included in Item III.G.9. - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - Estimate Included in Item III.G.9. - - - - - - - - -
11. Corresponding adjustments to basis of properties
held by partnership where partnership basis adjusted toda 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - Estimate Included in Item III.G.9. - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - Estimate Included in Item III.G.9. - - - - - - - - -
12. Charitable contributions and foreign taxes taken
into account in determining limitation on allowance
of partner's share of loss tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
16 2 0.1 0.1 0.1 0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.1 0.1 0.1 0.1 0.3 0.9
13. Revisions related to unrealized receivables and da 12/31/14 &
inventory items tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
16 2 2 0.1 0.1 0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.1 0.1 0.1 0.1 0.2 0.8
14. Repeal of time limitation on taxing
precontribution gain Pca 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
16 16 16 16 16 16
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
16 0.1 0.1 0.2 16 0.4
15. Partnership interests created by gift tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
16 0.1 0.1 0.1 0.1 0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.1 0.1 2 2 0.5 0.8
16. Repeal of technical termination of partnerships tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
16 2 2 0.1 0.1 0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.1 0.1 0.1 0.1 0.2 0.5
17. Publicly traded partnership exception restricted
to mining and natural resources partnerships tyba 12/31/16
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
16 16 16 0.4 0.6 0.6
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.6 0.7 0.7 0.7 1.0 4.3
18. Ordinary income treatment in the case of partnership
interests held in connection with performance of
services (with exception for real estate) tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
0.2 0.1 0.3 0.5 0.5 0.4
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.3 0.3 0.2 0.2 1.6 3.1
19. Partnership audits and generally rffp tyea
adjustments 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
16 0.8 1.2 1.3 1.4 1.5
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
1.6 1.7 1.9 2.0 4.7 13.4
20. Immediate recognition of certain built-in-gains generally
and prevention of tax-free spinoffs involving REITs 2/26/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
2 0.2 0.3 0.4 0.5 0.6
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.7 0.9 1.1 1.2 1.4 5.9
21. Extension of period for prevention of REIT
election following revocation or termination tora 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
16 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 2 2
22. Certain short-life property not treated as real
property for purposes of REIT provisions tyba 12/31/16
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
16 2 2 2 0.1 0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.1 0.1 0.1 0.1 0.1 0.6
23. Repeal of special rules for timber held by REITs tyba 12/31/16
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
16 16 16 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 2 0.2
24. Limitation on fixed percentage rent and interest generally
exceptions for REIT income tests leia & diaa
12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
16 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 2 2
25. Repeal of preferential dividend rule for publicly di tyba
offered REITs 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
26. Authority for alternative remedies to di tyba
address certain REIT distribution failures 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
16 4 4 4 4 4
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
4 4 4 4 4 4
27. Limitations on designation of dividends by REITs di tyba
12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
16 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 2 2
28. Non-REIT earnings and profits required to be
distributed by REIT in cash dmo/a 2/26/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
2 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 0.1 0.1
29. Debt instruments of publicly offered REITs and
mortgages treated as real estate assets tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
4 4 4 4 4 4
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
4 4 4 4 4 4
30. Asset and income test clarification regarding
ancillary personal property tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
4 4 4 4 4 4
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
4 4 4 4 4 4
31. Hedging provisions tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
4 4 4 4 4 4
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
4 4 4 4 4 4
32. Modification of REIT earnings and profits
calculation to avoid duplicate taxation tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
16 4 4 4 4 4
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
4 4 4 4 4 4
33. Reduction in percentage limitation on assets of
REIT which may be taxable REIT subsidiaries tyba 12/31/16
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
16 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 2 0.1
34. Treatment of certain services provided by taxable
REIT subsidiaries tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
16 4 4 4 4 4
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
4 4 4 4 4 4
35. Study relating to taxable REIT subsidiaries DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - - - - No Revenue Effect - - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - - - - No Revenue Effect - - - - - - - - - - - -
36. C Corporation election to become, or transfer
assets to, a RIC or REIT eato/a 2/26/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - Estimate Included in Item III.G.20. - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - Estimate Included in Item III.G.20. - - - - - - - - -
37. Interests in RICs and REITs not excluded from
definition of United States real property interests Da 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
2 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 2 0.1
38. Dividends derived from RICs and REITs ineligible
for deduction for United States source portion of
dividends from certain foreign corporations dro/a 2/26/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
2 2 2 2 2 0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.1 0.1 0.1 0.1 0.1 0.5
39. Exclusion of dividends from controlled foreign corporations
from the definition of personal holding company income
for purposes of the personal holding company rules
tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
4 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 2 2
H. Taxation of Foreign Persons
1. Prevention of avoidance of tax through reinsurance
with non-taxed affiliates tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.4 0.9 0.9 0.9 1.0
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
1.0 1.1 1.2 1.3 3.1 8.7
2. Taxation of passenger cruise gross income of foreign
corporations and nonresident alien individuals
tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 0.1 0.1 0.1 0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.1 0.1 0.1 0.1 0.4 0.9
3. Restriction on insurance business exception to
passive foreign investment company rules tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 0.1 0.1 0.1 0.1 0.4
4. Modification of limitation on earnings stripping tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.2 0.3 0.3 0.3 0.3
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.3 0.3 0.3 0.3 1.2 2.9
5. Limitation on treaty benefits for certain
deductible payments pma DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
0.1 0.4 0.6 0.7 0.7 0.7
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.8 0.8 0.8 1.3 2.5 6.9
I. Provisions Related to Compensation
1. Nonqualified deferred compensation aat spa 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
-1.3 -0.3 0.6 -0.2 0.7 1.7
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
1.8 1.6 2.8 1.8 -0.5 9.2
2. Modification of limitation on excessive employee
remuneration tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
0.4 0.7 2.2 2.0 1.7 1.4
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
1.1 1.0 0.9 0.8 7.0 12.1
3. Excise tax on excess tax-exempt organization
executive compensation tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.3 0.5 0.5 0.5 0.5
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.5 0.5 0.4 0.4 1.7 4.0
4. Denial of deduction as research expenditure for
stock transferred pursuant to an incentive stock
option sto/a 2/26/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
5. Determination of worker classification22 spa 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- -0.1 -0.2 -0.3 -0.3 -0.3
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-0.3 -0.4 -0.4 -0.4 -0.8 -2.6
J. Zones and Short-Term Regional Benefits
1. Repeal of provisions relating to Empowerment Zones
and Enterprise Communities DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2013 - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2013 - - - - - - - - -
2. Repeal of DC Zone provisions DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2011 - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2011 - - - - - - - - -
3. Repeal of provisions relating to renewal
communities DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2009 - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2009 - - - - - - - - -
4. Repeal of various short-term regional benefits DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2011 - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - Provision Expired December 31, 2011 - - - - - - - - -
Total of Business Tax Reform
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
-0.8 17.5 54.8 68.7 76.0 65.4
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
71.6 67.0 77.5 61.2 219.1 562.4
Participation Exemption System for the Taxation of Foreign Income
A. Establishment of Exemption System
1. Deduction for dividends received by domestic
corporations from certain foreign corporations 23
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
-6.5 -14.7 -19.9 -23.7 -24.0 -23.7
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-23.6 -24.4 -25.0 -26.4 -88.8 -212.0
2. Limitation on losses with respect to
specified 10-percent owned foreign corporations dri tyba 12/31/14
& ta 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item IV.A.1. - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item IV.A.1. - - - - - - - - -
3. Treatment of deferred foreign income upon transition
to participation exemption system of taxation and
modifications to OFL rules24 25
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
-1.2 12.3 23.3 20.5 11.6 11.8
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
16.6 24.8 31.4 19.0 66.5 170.4
4. Look-thru rule for related controlled foreign
corporations made permanent 26
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
-0.8 -1.1 -1.2 -1.2 -1.2 -1.3
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-1.4 -1.5 -1.7 -1.8 -5.4 -13.1
B. Modifications Related to Foreign Tax Credit System
1. Repeal of section 902 indirect foreign tax credits;
determination of section 960 credit on current
year basis. 23
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item IV.A.1. - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item IV.A.1. - - - - - - - - -
2. Foreign tax credit limitation applied by allocating
only directly allocable deductions to foreign source
income 23
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item IV.A.1. - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item IV.A.1. - - - - - - - - -
3. Passive category income expanded to include
other mobile income 23
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item IV.C.1. - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item IV.C.1. - - - - - - - - -
4. Source of income from sales of inventory
determined solely on basis of production activities tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.2 0.3 0.2 0.2 0.2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.2 0.2 0.2 0.2 0.9 1.8
C. Rules Related to Passive and Mobile Income
1. Subpart F reform 23
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
-0.1 8.1 14.6 13.8 14.4 13.7
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
13.1 13.0 12.7 12.3 50.8 115.6
2. Subpart F income to only include low-taxed foreign 23
income
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item IV.C.1. - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item IV.C.1. - - - - - - - - -
3. Foreign base company sales income 23
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item IV.C.1. - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item IV.C.1. - - - - - - - - -
4. Inflation adjustment of de minimis exception for
foreign base company income 23
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item IV.C.1. - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item IV.C.1. - - - - - - - - -
5. Active financing exception extended with limitation
for low-taxed foreign income 26
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
-2.9 -1.6 -2.9 -4.0 -4.6 -2.4
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
--- --- --- --- -16.0 -18.4
6. Repeal of inclusion based on withdrawal of
previously excluded subpart F income from
qualified investment 23
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
2 2 4 4 4 4
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
4 4 4 4 2 2
7. Foreign intangible income subject to taxation at
reduced rate; intangible income treated as subpart F 23 &
income tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item IV.C.1. - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item IV.C.1. - - - - - - - - -
8. Denial of deduction for interest expense of United
States shareholders which are members of worldwide
affiliated groups with excess domestic indebtedness tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2.2 3.8 3.1 3.0 3.0
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2.8 2.3 2.0 1.7 12.1 24.0
Total of Participation Exemption System for the
Taxation of Foreign Income
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
-11.5 5.4 18.0 8.7 -0.6 1.3
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
7.7 14.4 19.6 5.0 20.1 68.3
V. Tax Exempt Entities
A. Unrelated Business Income Tax
1. Clarification of unrelated business income tax
treatment of State and local retirement plans tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-2
_____________________________________________________________________
2 2 2 2 0.1 0.1
2. Name and logo royalties treated as unrelated
business taxable income tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.2 0.2 0.2 0.2 0.2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.2 0.2 0.2 0.2 0.8 1.8
3. Unrelated business taxable income separately
computed for each trade or business activity tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.2 0.3 0.3 0.4 0.4
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.4 0.4 0.4 0.4 1.3 3.2
4. Exclusion of research income limited to publicly
available research tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.1 0.1 0.1 0.1 0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.1 0.1 0.1 0.1 0.3 0.7
5. Parity of charitable contribution limitation between
trusts and corporations tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
6. Increased specific deduction tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 4 4 4 4 4
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
4 4 4 4 -0.1 -0.3
7. Repeal of exclusion of gain or loss from disposition
of distressed property paa 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
8. Qualified sponsorship payments tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-2
_____________________________________________________________________
2 2 2 2 2 2
B. Penalties
1. Increase in information return penalties irrtbfooa 1/1/15
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-2
_____________________________________________________________________
2 2 2 2 2 0.1
2. Manager-level accuracy-related penalty on
underpayment of unrelated business income tax tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
C. Excise Taxes
1. Modification of intermediate sanctions tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
2. Modification of taxes on self-dealing tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
3. Excise tax on failure to distribute within 5 years
generally contribution to donor advised fund cma 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-2
_____________________________________________________________________
2 2 2 2 2 2
4. Simplification of excise tax on private foundation
investment income tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- -0.1 -0.2 -0.2 -0.2 -0.2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-0.2 -0.2 -0.2 -0.2 -0.6 -1.6
5. Repeal of exception for private operating
foundation failure to distribute income tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
6. Excise tax based on investment income of private
colleges and universities tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.1 0.2 0.2 0.2 0.2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.2 0.2 0.2 0.2 0.6 1.7
D. Requirements for Organization Exempt from Tax
1. Repeal of tax-exempt status for professional
sports leagues tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-2
_____________________________________________________________________
2 2 2 2 2 0.1
2. Repeal of exemption from tax for certain
insurance companies and co-op health insurance
issuers tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
2 2 2 2 0.1 0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.1 0.1 0.1 0.1 0.1 0.7
3. In-State requirement for workmen's compensation
insurance organization pia 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
2 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 2 2
4. Repeal of Type II and Type III supporting generally DOE &
organizations tyba 12/31/15 feo
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
2 2 0.1 0.2 0.2 0.2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.2 0.2 0.2 0.2 0.5 1.4
Total of Tax Exempt Entities
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
2 0.5 0.7 0.8 1.0 1.0
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
1.0 1.0 1.0 1.0 3.0 8.0
VI. Tax Administration and Compliance
A. IRS Investigation-Related Reforms
1. Organizations required to notify Secretary of generally
intent to operate as 501(c)(4) ooa 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-2
_____________________________________________________________________
2 2 2 2 2 2
2. Declaratory judgments for 501(c)(4) organizations pfa
DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
4 4 4 4 4 4
2020 2021 2022 2023 2014-18 2014-2
_____________________________________________________________________
4 4 4 4 4 4
3. Restriction on donation reporting for certain
501(c)(4) organizations rff tyba 12/31/13
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
4 4 4 4 4 4
2020 2021 2022 2023 2014-18 2014-2
_____________________________________________________________________
4 4 4 4 4 4
4. Mandatory electronic filing for annual returns of
generally exempt organizations tyba DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - No Revenue Effect - - - - - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - No Revenue Effect - - - - - - - - - - - - - - -
5. Duty to ensure that IRS employees are familiar
with and act in accord with certain taxpayer rights DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - No Revenue Effect - - - - - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - No Revenue Effect - - - - - - - - - - - - - - -
6. Termination of employment of Internal Revenue
Service employees for taking official actions for
political purposes DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - No Revenue Effect - - - - - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - No Revenue Effect - - - - - - - - - - - - - - -
7. Release of information regarding the status of
certain investigations DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - No Revenue Effect - - - - - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - No Revenue Effect - - - - - - - - - - - - - - -
8. Review of IRS examination selection procedures DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - No Revenue Effect - - - - - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - No Revenue Effect - - - - - - - - - - - - - - -
9. IRS employees prohibited from using personal email
accounts for official business DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - No Revenue Effect - - - - - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - No Revenue Effect - - - - - - - - - - - - - - -
10. Moratorium on IRS conferences DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - No Revenue Effect - - - - - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - No Revenue Effect - - - - - - - - - - - - - - -
11. Applicable standard for determinations of
whether an organization is operated exclusively
for the promotion of social welfare (sunset one
year after the date of enactment) DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
B. Taxpayer Protection and Service Reforms
1. Extend Internal Revenue Service authority to
require truncated Social Security numbers on
Form W-2 DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
2. Free electronic filing DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
3. Pre-populated returns prohibited DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - No Revenue Effect - - - - - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - No Revenue Effect - - - - - - - - - - - - - - -
4. Form 1040SR for seniors tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - No Revenue Effect - - - - - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - No Revenue Effect - - - - - - - - - - - - - - -
5. Increased refund and credit threshold for Joint
Committee on Taxation review of C corporation
return DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - Negligible Revenue Effect - - - - - - - - - - -
C. Tax Return Due Date Simplification
1. Due dates for returns of partnerships, S generally
corporations, and C corporations tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 4 2 2 2 2
2020 2021 2022 2023 2014-18 2014-2
_____________________________________________________________________
2 2 2 2 2 0.1
2. Modification of due dates by regulation generally tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item VI.C.1. - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item VI.C.1. - - - - - - - - -
3. Corporations permitted statutory automatic 6-month generally
extension of income tax returns tyba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item VI.C.1. - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - Estimate Included in Item VI.C.1. - - - - - - - - -
D. Compliance Reforms
1. Penalty for failure to file rrtbfa 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-2
_____________________________________________________________________
2 2 2 2 0.1 0.3
2. Penalty for failure to file correct information
returns and provide payee statements irrtbfa 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-2
_____________________________________________________________________
2 2 2 2 2 0.1
3. Clarification of 6-year statute of limitations
in case of overstatement of basis 27
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
2 2 0.1 0.1 0.1 0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.1 0.2 0.2 0.2 0.3 1.1
4. Reform of rules related to qualified tax collection
contracts1 DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
2 0.2 0.2 0.2 0.2 0.2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.3 0.3 0.3 0.3 0.8 2.2
5. 100 percent continuous levy on payments to
Medicare providers and suppliers lia DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
2 0.1 0.1 0.1 0.1 0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.1 0.1 0.1 0.1 0.3 0.7
6. Treatment of refundable credits for purposes of 28
certain penalties
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
2 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-2
_____________________________________________________________________
2 2 2 2 0.1 0.1
Total of Tax Administration and Compliance
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
2 0.3 0.4 0.4 0.4 0.4
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.5 0.6 0.6 0.6 1.6 4.6
VII. Excise Taxes
1. Repeal of medical device excise tax sa DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
-1.6 -2.4 -2.5 -2.7 -2.9 -3.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-3.3 -3.5 -3.7 -3.8 -12.2 -29.5
2. Modifications relating to oil spill liability
trust fund 29
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.1 0.1 0.1 0.1 0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.1 0.2 0.2 0.2 0.4 1.2
3. Modification relating to inland waterways trust
fund financing rate fua 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-2
_____________________________________________________________________
2 2 2 2 0.1 0.2
4. Excise tax on systemically important financial
institutions (.035% quarterly tax rate) cqba 12/31/14
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 3.1 7.5 9.2 9.8 10.3
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
10.8 11.3 11.9 12.5 29.6 86.4
5. Clarification of orphan drug exception to
annual fee on branded prescription pharmaceutical
manufacturers and importers fiwapda 12/31/13
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - No Revenue Effect - - - - - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - No Revenue Effect - - - - - - - - - - - - - - -
Total of Excise Taxes
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
-1.6 0.8 5.1 6.6 7.0 7.3
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
7.6 8.0 8.4 8.9 17.9 58.3
VIII. Deadwood and Technical Provisions
A. Repeal of Deadwood DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - No Revenue Effect - - - - - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - No Revenue Effect - - - - - - - - - - - - - - -
B. Conforming Amendments Related to Multiple
Sections DOE
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - Estimate Included in the Sections to Which the Changes Relate - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - Estimate Included in the Sections to Which the Changes Relate - -
Total of Deadwood and Technical Provisions
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
- - - - - - - - - - - No Revenue Effect - - - - - - - - - - - - - - -
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
- - - - - - - - - - - No Revenue Effect - - - - - - - - - - - - - - -
NET TOTAL
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
-13.9 47.1 -18.5 6.9 -1.5 -17.2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-3.7 -0.2 11.5 -12.8 23.5 3.0
Joint Committee on Taxation
NOTE: Details may not add to totals due to rounding. Revenue
provisions as submitted in statutory draft CAMP_041.
Legend for JCX-20-14:
Legend for "Effective" column:
aara = allocations and reallocations after
aat = amounts attributable to
ada = amounts discharged after
apa = appliances produced after
Apa = amounts paid after
apoeia = amounts paid or expenses incurred after
apoia = amounts paid or incurred after
apoif = amounts paid or incurred for
apoii = amounts paid or incurred in
apoitiwbwftea = amounts paid or incurred to individuals
who begin work for the employer after
ar = advance refunding
bia = bonds issued after
caa = credits allocated after
ceia = contracts entered into after
cia = contracts issued after
cma = contributions made after
cmateia = contributions made and transactions entered into after
cmi = contributions made in
cpoia = costs paid or incurred after
cqba = calendar quarter beginning after
cyba = calendar years beginning after
Da = dispositions after
da = distributions after
dda = disasters declared after
dwrteda = distributions with respect to employees dying after
di = distributions in
diaa = debt instruments acquired after
dma = distributions made after
dmo/a = distributions made on or after
DOE = date of enactment
dosaeia = divorce or separation agreement entered into after
dro/a = dividends received on or after
dri = dividends received in
ea = expenditures after
earcpasa = electricity and refined coal produced and sold after
eato/a = elections and transfers on or after
eia = expenses incurred after
epasa = electricity produced and sold after
epoia = expenses paid or incurred after
epoii = expenses paid or incurred in
feo = for existing organizations
fiwapda = fees imposed with annual payment dates after
fpasa = fuel produced and sold after
fpisa = facilities placed in service after
fsoua = fuel sold or used after
fua = fuel used after
haa = homes acquired after
ipoiwrtiia = interest paid or incurred with respect to indebtedness
incurred after
irrtbfooa = information returns required to be filed on or after
irrtbfa = information returns required to be filed after
leia = leases entered into after
lia = levies issued after
lsa = losses sustained after
mba = months beginning after
oaa = obligations acquired after
ooa = organizations organized after
oio/a = obligations issued on or after
ora = or revocations after
pa = payments after
paa = property acquired after
pca = productions commencing after
Pca = property contributed after
pfa = pleadings filed after
pia = policies issued after
pma = payments made after
ppa = property purchased after
ppisa = property placed in service after
pra = payments received after
prptjasa = payments received pursuant to judgments and settlements after
pyba = plan years beginning after
pya = plan years and
rff = returns filed for
rffp = returns filed for partnership
rpa = residences purchased after
rrfspa = remuneration received for services performed after
rrtbfa = returns required to be filed after
sa = sales after
saea = sales and exchanges after
saoda = sales and other dispositions after
seaoda = sales, exchanges, and other dispositions after
spa = services performed after
sto/a = stock transferred on or after
ta = transfers after
teia = transactions entered into after
tfwaetrifa = transfers for which an estate tax return is filed after
toda = transfers or distributions after
tora = terminations or revocations after
tfspa = tips for services performed after
tyba = taxable years beginning after
tybbo/a = taxable years beginning before, on, or after
tyea = taxable years ending after
yewowa = years ending with or within a
vaa = vehicles acquired after
wo/a = withdrawals on or after
FOOTNOTES
1 Estimate includes the following outlay effects
Simplification of individual income tax rates:
Eliminate HOH status
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- --- -2.2 -2.5 -2.8 -2.6
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-2.6 -2.7 -2.8 -2.9 -7.5 -21.1
10% and 25% income tax rate brackets
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- --- 3.0 4.3 4.6 4.5
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
4.6 4.6 4.6 4.7 11.9 35.0
Use alternative inflation measure
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- --- -0.3 -0.6 -1.2 -1.3
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-1.7 -2.3 -2.7 -3.3 -2.1 -13.5
Increase in standard deduction, including phase-out of
benefit for all filers with MAGI exceeding certain thresholds
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- --- 9.1 10.9 11.4 10.8
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
11.1 11.3 11.5 11.8 31.4 87.9
Increase and expansion of child tax credit, including
phase-out of credit for taxpayers with MAGI above
certain thresholds
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- --- 20.3 20.6 24.0 39.9
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
39.9 43.7 43.8 43.9 65.0 276.1
Modification of earned income tax credit
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- --- -36.5 -36.5 -37.0 -51.5
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-52.6 -53.6 -54.5 -55.8 -110.0 -378.0
Repeal of deduction for personal exemptions
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- -5.0 -18.9 -15.8 -15.6 -14.0
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-14.3 -14.5 -14.8 -15.2 -55.3 -128.1
American opportunity tax credit
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- --- 1.7 1.5 1.3 6.7
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
6.5 6.9 6.8 6.8 4.5 38.1
Repeal of dependent care credit
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- --- -0.8 -0.8 -0.8 -0.7
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-0.7 -0.7 -0.7 -0.7 -2.4 -6.0
Changes to certain itemized deductions
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- --- -0.6 -0.5 -0.5 -0.5
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-0.6 -0.6 -0.7 -0.7 -1.7 -4.7
No new contributions to traditional IRAs
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- --- -0.2 -0.2 -0.2 -0.2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-0.2 -0.3 -0.2 -0.2 -0.7 -1.9
Repeal of credit for employee health insurance expenses of small
employers
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- -0.1 -0.1 -0.1 -0.1 -0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-0.1 -0.1 -0.1 -0.1 -0.4 -1.1
Repeal of tax credit bond rules
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
4 4 -0.1 -0.2 -0.2 -0.3
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-0.4 -0.4 -0.5 -0.5 -0.5 -2.6
Reform of rules related to qualified tax
collection contracts 2
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
2 0.2 0.2 0.2 0.2 0.2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.3 0.3 0.3 0.3 0.8 2.2
2 Gain of less than $50 million.
3 Estimate includes the following off-budget
effects
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
4 -0.1 -0.1 -0.1 -0.1 -0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-0.1 -0.1 -0.1 -0.1 -0.3 -0.9
4 Loss of less than $50 million.
5 Estimate includes the following budget effects:
Total Revenue Effects
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.2 0.3 0.4 0.4 0.4
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.4 0.4 0.4 0.5 1.3 3.4
On-budget effects
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.2 0.2 0.2 0.2 0.2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.2 0.3 0.3 0.3 0.8 2.1
Off-budget effects
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.1 0.1 0.1 0.1 0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.2 0.2 0.2 0.2 0.5 1.3
6 Includes denial of deduction for transportation
fringes from item III.B.26.
7 Estimate includes the following budget effects:
Total Revenue Effects
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2.7 3.8 4.1 4.3 4.5
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
4.6 4.8 5.0 5.1 15.0 39.0
On-budget effects
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 1.8 2.5 2.7 2.8 2.9
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
3.1 3.2 3.3 3.4 9.9 25.8
Off-budget effects
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.9 1.3 1.4 1.5 1.5
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
1.6 1.6 1.7 1.7 5.1 13.3
8 Estimate includes the following budget effects:
Total Revenue Effects
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.4 0.5 0.6 0.6 0.6
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.6 0.6 0.6 0.6 2.0 5.1
On-budget effects
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.3 0.4 0.4 0.4 0.4
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.4 0.4 0.4 0.4 1.4 3.6
Off-budget effects
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.1 0.2 0.2 0.2 0.2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.2 0.2 0.2 0.2 0.6 1.5
9 Estimate includes the following budget effects:
Total Revenue Effects
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.3 0.9 1.2 1.5 1.7
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
1.9 2.2 2.6 2.9 4.0 15.3
On-budget effects
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 1.4 2.6 2.8 3.0 3.2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
3.3 3.5 3.8 4.0 9.8 27.6
Off-budget effects
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- -1.0 -1.7 -1.6 -1.5 -1.5
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-1.4 -1.3 -1.2 -1.1 -5.9 -12.3
10 Estimate includes the following budget effects:
Total Revenue Effects
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.5 0.8 0.8 0.8 0.9
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.9 1.0 1.0 1.1 2.9 7.7
On-budget effects
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.1 0.1 0.2 0.2 0.2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.2 0.2 0.2 0.2 0.6 1.5
Off-budget effects
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.4 0.6 0.6 0.7 0.7
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.7 0.8 0.8 0.9 2.4 6.3
11 Estimate includes the following budget effects:
Total Revenue Effects
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.9 1.2 1.3 1.4 1.5
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
1.5 1.6 1.7 1.8 4.8 13.0
On-budget effects
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.1 0.1 0.1 0.1 0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.2 0.2 0.2 0.2 0.5 1.3
Off-budget effects
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 0.8 1.1 1.2 1.2 1.3
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
1.4 1.5 1.6 1.6 4.3 11.7
12 Estimate includes the following budget effects:
Total Revenue Effects
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
4 0.1 0.1 0.1 0.1 0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.1 0.1 0.1 0.1 0.4 0.9
On-budget effects
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
4 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-2
_____________________________________________________________________
2 2 2 2 2 0.1
Off-budget effects
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
4 0.1 0.1 0.1 0.1 0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
0.1 0.1 0.1 0.1 0.4 0.8
13 Effective for wages for services performed on or
after January 1 of the first calendar year beginning more than 12
months after date of enactment.
14 Estimate includes the following budget effects:
Total Revenue Effects
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 1.1 2.1 3.7 4.7 6.3
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
7.8 9.8 11.5 13.6 11.6 60.5
On-budget effects
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 1.1 2.1 3.7 4.7 6.3
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
7.7 9.7 11.4 13.5 11.6 60.3
Off-budget effects
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 0.1 0.1 2 0.3
15 Includes interaction with section 179.
16 Negligible revenue effect.
17 Estimate includes the following budget effects:
Total Revenue Effects
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 1.2 1.6 1.6 1.6 1.7
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
1.7 1.7 1.8 1.8 6.0 14.7
On-budget effects
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 1.1 1.5 1.6 1.6 1.6
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
1.7 1.7 1.7 1.8 5.9 14.5
Off-budget effects
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 2 2 2 2 2
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
2 2 2 2 0.1 0.3
18 Provision expires September 30, 2014, in the case
of liquefied hydrogen.
19 Generally effective for amounts paid after December
31, 2014, except the provision is effective for amounts paid after
December 31, 2016 in the case of buildings acquired before January 1,
2015.
20 Generally effective for taxable years beginning
after, destruction and damage or natural disasters after, and sales
and exchanges after December 31, 2014, except the provision is
effective for sales or dispositions to implement electric
restructuring policy after December 31, 2013.
21 Effective for taxable years ending after December
31, 2014, in the case of property acquired and positions established
after December 31, 2014, and taxable years ending after December 31,
2019, in the case of any other property or position.
22 Estimate includes the following budget effects:
Total Revenue Effects
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- -0.1 -0.2 -0.3 -0.3 -0.3
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-0.3 -0.4 -0.4 -0.4 -0.8 -2.6
On-budget effects
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 4 4 -0.1 -0.1 -0.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-0.1 -0.1 -0.1 -0.1 -0.2 -0.6
Off-budget effects
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 4 -0.1 -0.2 -0.3 -0.3
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
-0.3 -0.3 -0.3 -0.3 -0.7 -2.1
23 Effective for taxable years of foreign corporations
beginning after December 31, 2014, and to taxable years of United
States shareholders in which or with which such taxable years of
foreign corporations end.
24 Funds designated under section 965 for the Highway
Trust Fund included in item IV.A.3
2014 2015 2016 2017 2018 2019
_____________________________________________________________________
--- 5.1 10.1 10.1 10.1 10.1
2020 2021 2022 2023 2014-18 2014-23
_____________________________________________________________________
14.5 22.1 28.5 15.8 35.4 126.5
25 Effective for the last taxable year of foreign
corporations beginning before January 1, 2015, and to taxable years
of the U.S. shareholders in which or with which such taxable years of
foreign corporations end.
26 Effective for taxable years of foreign corporations
beginning after December 31, 2013, and to taxable years of United
States shareholders in which or with which such taxable years of
foreign corporations end.
27 Effective for returns filed after the date of
enactment and returns filed on or before the date of enactment if the
statute of limitations has not expired as of such date.
28 The amended definition of underpayment is effective
for all open tax years, but the revision of section 6676 is effective
only for claims filed after February 26, 2014.
29 Effective for calendar quarters beginning more than
60 days after date of enactment.
END OF FOOTNOTES
DOCUMENT ATTRIBUTES
- Institutional AuthorsJoint Committee on Taxation
- Cross-ReferenceTax Reform Act of 2014 discussion draft.
- Code Sections
- Subject Area/Tax Topics
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2014-4458
- Tax Analysts Electronic Citation2014 TNT 39-17
