JCT Estimates Revenue Effects of Tax Provisions in Stimulus Conference Agreement
FEB. 12, 2009
JCX-19-09
DOCUMENT ATTRIBUTES
- Institutional AuthorsJoint Committee on Taxation
- Code Sections
- Subject Area/Tax Topics
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2009-3215
- Tax Analysts Electronic Citation2009 TNT 28-17
Citations: JCX-19-09
JOINT COMMITTEE ON TAXATION
February 12, 2009
JCX-19-09
ESTIMATED BUDGET EFFECTS OF THE REVENUE PROVISIONS CONTAINED IN
THE CONFERENCE AGREEMENT FOR H.R. 1,
THE "AMERICAN RECOVERY AND REINVESTMENT TAX ACT OF 2009" [1]
Fiscal Years 2009 - 2019
[Millions of Dollars]
Provision Effective
_____________________________________________________________________
Title I -- Tax Provisions
A. Tax Relief for Individuals and Families
1. Making Work Pay Credit -- credit of 6.2% of
earned income up to a maximum of $400
single ($800 joint) for tax years 2009 and
2010; phaseout for taxpayers with modified
AGI in excess of $75,000 ($150,000 joint); and
treatment of the U.S. Possessions [2] [3] tyba 12/31/08
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-19,900 -66,133 -30,166 --- --- --- --- ---
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
--- --- --- -116,199 -116,199 -116,199 -116,199
2. Temporary increase in earned income tax credit
for taxable years 2009 and 2010 [3] tyba 12/31/08
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-23 -2,349 -2,291 --- --- --- --- ---
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
--- --- --- -4,663 -4,663 -4,663 -4,663
3. Temporarily reduce the earnings threshold for
the refundable portion of the child tax credit for
taxable years 2009 and 2010 to $3,000 [3] tyba 12/31/08
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
[4] -7,489 -7,342 --- --- --- --- ---
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
--- --- --- -14,830 -14,830 -14,830 -14,830
4. American Opportunity Tax Credit -- amend the
HOPE scholarship credit for taxable years 2009
and 2010 so that it is available for four years at
a rate of 100% of first $2,000 of expenses and
25% of next $2,000; phaseout for taxpayers
with modified AGI between $80,000 - $90,000
($160,000-$180,000 joint); make textbooks a
qualifying expense; allow against the AMT [5] tyba 12/31/08
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-791 -4,425 -5,040 --- --- --- --- ---
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
--- --- --- -10,256 -10,256 -10,256 -10,256
5. Make 40% of the allowable American
Opportunity Tax Credit refundable; and treatment
of the U.S. Possessions [3] [5] tyba 12/31/08
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-331 -1,725 -1,595 --- --- --- --- ---
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
--- --- --- -3,651 -3,651 -3,651 -3,651
6. Temporarily allow computer technology and
equipment as a qualified higher education
expense for qualified tuition programs for 2009
and 2010 epoia 12/31/08
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
[4] [4] [4] -1 -1 -1 -1 -1
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
-1 -1 -1 -1 -1 -3 -6
7. Extension of first-time homebuyer credit; increase
maximum credit to $8,000; waiver of requirement
to repay first-time homebuyer credit unless home
is sold within 36 months of purchase (sunset
11/30/09) [3] qhpa 12/31/08
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-1,115 -3,261 235 38 -102 -680 -597 -514
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
-384 -164 -94 -4,205 -4,885 -6,544 -6,638
8. Exclude up to $2,400 of unemployment
insurance benefits from gross income for taxable
year 2009 tyba 12/31/08
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-948 -3,792 --- --- --- --- --- ---
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
--- --- --- -4,740 -4,740 -4,740 -4,740
9. Sales tax deduction for purchase (up to $49,500)
of new cars, light trucks, motorcycles, and motor
homes; phaseout for taxpayers with modified AGI
in excess of $125,000 ($250,000 joint) (sunset
12/31/09) po/a DOE
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-424 -1,269 9 --- --- --- --- ---
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
--- --- --- -1,684 -1,684 -1,684 -1,684
10. Increase individual AMT exemption amount to
$46,700 ($70,950 joint) and allow personal
credits against the AMT (sunset 12/31/09) tyba 12/31/08
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-2,054 -82,720 15,015 --- --- --- --- ---
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
--- --- --- -69,759 -69,759 -69,759 -69,759
Total of Tax Relief for Individuals and Families
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-25,586 -173,163 -31,175 37 -103 -681 -598 -515
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
-385 -165 -95 -229,988 -230,668 -232,329 -232,426
B. Energy Incentives
1. Extend by three years the placed-in-service date
for each section 45 qualified facility, (two years
for marine renewables), excluding coal and solar ppisa 12/31/09
facilities & 12/31/10
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
--- -127 -440 -921 -1,365 -1,603 -1,649 -1,700
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
-1,743 -1,788 -1,806 -2,853 -4,456 -11,337 -13,143
2. Election of investment credit for section 45
facilities in lieu of production credits ppisa 12/31/08
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-96 -131 -71 -16 9 12 6 2
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
1 1 --- -305 -294 -285 -285
3. Modify section 48 energy credit -- remove cap
for small wind systems, and remove cutback to
credit for subsidized energy financing pa 12/31/08
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-31 -33 -42 -50 -59 -71 -87 -104
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
-66 -32 -26 -216 -287 -577 -604
4. Coordination with renewable energy grants DOE
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
- - - - - - - - - - Estimate Included in G.2. - - - - - -
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
- - - - - - - - - - Estimate Included in G.2. - - - - - -
5. Increased limitation on issuance of new clean
renewable energy bonds ($1.6 billion additional
allocation) DOE
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-1 -4 -15 -36 -59 -73 -78 -78
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
-78 -78 -78 -115 -188 -500 -578
6. Increased limitation on issuance of qualified energy
conservation bonds ($2.4 billion additional
allocation); and clarify green community programs
for purposes of loans, grants and other repayment
mechanisms DOE
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-1 -5 -17 -41 -69 -95 -111 -116
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
-116 -116 -116 -133 -228 -687 -803
7. Extension and temporary increase to 30% ($1,500
per residence cap) credit for all section 25C
nonbusiness energy property, repeal reduction in
section 25C credits by reason of receipt of
subsidized energy financing, and modify definition
of qualified energy property and wood stoves
(sunset 12/31/10) tyba 12/31/08[6]
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-186 -1,006 -842 --- --- --- --- ---
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
--- --- --- -2,034 -2,034 -2,034 -2,034
8. Credit for residential energy efficient property --
remove credit cap for residential wind,
geothermal property, and residential solar thermal
property under section 25D, repeal reduction in
all section 25D credits (residential solar,
geothermal, wind, fuel cells) by reason of receipt
of subsidized energy tyba 12/31/08
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-7 -29 -30 -32 -33 -34 -36 -37
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
-28 --- --- -131 -165 -268 -268
9. Temporarily increase credit rate for nonhydrogen
refueling property to 50%; increase max credit to
$ 50,000 f , or business property ($200,000 in the
case of hydrogen) and $2,000 for nonbusiness
property (sunset 12/31/10) tyba 12/31/08
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-11 -21 -14 -6 -4 -2 1 1
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
1 1 1 -57 -59 -55 -54
10. Modify carbon dioxide sequestration credit to
require permanent geologic storage for CO2 used
as a tertiary injectant DOE
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
- - - - - - - Negligible Revenue Effect - - - - - - - - - - - - - -
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
- - - - - - - Negligible Revenue Effect - - - - - - - - - - - - - -
11. Modification of the alternative motor vehicle
credit and the credit for qualified plug-in electric generally
drive motor vehicles DOE [7]
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-3 -20 -39 -74 -39 4 -85 -232
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
-383 -540 -589 -176 -172 -1,412 -2,002
12. Credit for plug-in electric vehicle conversion
(sunset 12/31/11) ppisa DOE
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
- - - - - - - Estimate Included in B.11 - - - - - - - - - - - - - -
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
- - - - - - - Estimate Included in B.11 - - - - - - - - - - - - - -
13. Treatment of alternative motor vehicle credit as a
personal credit allowed against AMT tyba 12/31/08
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
- - - - - - - Estimate Included in B.11 - - - - - - - - - - - - - -
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
- - - - - - - Estimate Included in B.11 - - - - - - - - - - - - - -
14. Equalize tax-free transit and parking benefits, set
both at $230 for 2009 and then index equally in
2010 mbo/a DOE
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-57 -106 -29 --- --- --- --- ---
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
--- --- --- -192 -192 -192 -192
Total of Energy Incentives
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-393 -1,482 -1,539 -1,176 -1,619 -1,862 -2,039 -2,264
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
-2,412 -2,552 -2,614 -6,212 -8,075 -17,347 -19,963
C. Tax Incentive for Business
1. Special allowance for certain property acquired
during 2009:
a. One-year extension of special allowance ppisa 12/31/08
2009 2010 2011 2012 2013 2014 2015 2016
_____________________________________________________________________________
-23,503 -14,301 8,047 6,501 5,574 4,553 3,046 1,941
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
___________________________________________________________________________
1,217 929 922 -17,682 -13,129 -5,996 -5,074
b. One-year extension of election to accelerate
AMT and R&E credits in lieu of bonus
depreciation [3] tyea 12/31/08
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-20 -984 49 47 33 21 15 10
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
8 8 8 -875 -854 -813 -805
2. One-year extension of temporary increase in
limitation on expensing of certain depreciable
business assets tyba 12/31/08
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-642 -425 352 222 162 125 79 45
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
22 10 10 -331 -206 -50 -41
3. 5-year carryback of 2008 NOLs for businesses
with gross receipts of $15 million or less [8]
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-4,741 708 753 648 486 365 274 205
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
154 115 87 -2,146 -1,781 -1,033 -947
4. Reduce required estimated tax payments in 2009
for certain small businesses tybi 2009
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-275 275 --- --- --- --- --- ---
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
--- --- --- --- --- --- ---
5. Modification of the work opportunity tax credit --
incentives to hire unemployed veterans and iwbwa 12/31/08 &
disconnected youth [9]
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-32 -81 -70 -28 -11 -6 -2 [4]
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
--- --- --- -222 -228 -231 -231
6. Deferral and ratable inclusion of income arising
from business indebtedness discharged by the
reacquisition of a debt instrument, and temporary ra 12/31/08 &
AHYDO exception for debt exchange or before 1/1/11;
modification [10]
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-12,113 -22,803 -7,479 -483 -269 4,948 8,349 8,328
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
____________________________________________________________________________
8,306 8,285 3,310 -43,147 -38,199 -4,931 -1,622
7. Special rules applicable to qualified small
business stock for 2009 and 2010 saa DOE
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
2 6 2 --- --- -207 -360 -163
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
-50 -36 -22 9 -198 -807 -829
8. Temporarily reduce the S corporation built-in tyba 12/31/08 and
gains holding period from 10 to 7 years before 1/1/11
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-31 -154 -73 -32 -28 -19 -20 -16
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
-14 -13 -15 -318 -337 -400 -415
9. Clarification of regulations related to limitations
on certain built-in losses following an ownership
change DOE
2009 2010 2011 2012 2013 2014 2015 2016
___________________________________________________________________________
1,437 1,775 646 261 225 304 419 457
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
470 484 499 4,344 4,647 6,478 6,977
10. Treatment of certain ownership changes of
manufacturing firms for purposes of limitation
on net operating loss carryforwards and certain
built-in losses oca DOE
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
--- --- -19 -19 -181 -289 -289 -491
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
-625 -625 -625 -219 -508 -2,538 -3,163
Total of Tax Incentives for Business
2009 2010 2011 2012 2013 2014 2015 2016
____________________________________________________________________________
-39,918 -35,984 2,208 7,117 5,991 9,795 11,511 10,316
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
___________________________________________________________________________
9,488 9,157 4,174 -60,587 -50,793 -10,321 -6,150
D. Manufacturing Recovery Provisions
1. For bonds issued in 2009 and 2010, expand
industrial development bonds to include creation
of intangible property and eliminate 25% of
proceeds restriction for facilities functionally
related and subordinate to a manufacturing oia DOE &
facility before 1/1/11
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-1 -6 -16 -23 -24 -23 -23 -23
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
-22 -22 -21 -70 -93 -183 -203
2. Credit for investment in advanced energy
property ($2.3 billion of credits to allocate) ppisa DOE
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
--- -168 -281 -319 -193 -152 -159 -152
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
-126 -72 -26 -961 -1,112 -1,621 -1,647
Total of Manufacturing Recovery Provisions
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-1 -174 -297 -342 -217 -175 -182 -175
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
-148 -94 -47 -1,031 -1,205 -1,804 -1,850
E. Economic Recovery Tools
1. Recovery zone bonds ($15 billion private activity
bond allocation; $10 billion allocation for
refundable issuer credit bonds, credit rate oia DOE &
45%) [3] before 1/1/11
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-175 -313 -503 -565 -568 -561 -554 -545
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
-537 -529 -521 -2,124 -2,685 -4,850 -5,371
2. Tribal economic development bonds -- create a
national pool of tax-exempt bonds for use by
Indian tribes for economic development ($2
billion allocation) oia DOE
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-1 -4 -15 -31 -39 -39 -39 -38
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
-37 -36 -36 -90 -129 -279 -315
3. Extend and modify the new markets tax
credit -- increase new
markets tax credit equity limitation
to a total of $5 billion for calendar years
2008 and 2009 DOE
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-51 -31 -48 -103 -115 -138 -131 -117
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
-86 --- 4 -347 -486 -819 -815
Total of Economic Recovery Tools
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-227 -348 -566 -699 -722 -738 -724 -700
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
-660 -565 -553 -2,561 -3,300 -5,948 -6,501
F. Infrastructure Financing Tools
1. Modification of rules applicable to financial
institutions for interest expense relating to oia 12/31/08 &
tax-exempt income before 1/1/11
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-79 -239 -326 -340 -336 -331 -326 -321
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
-317 -312 -307 -1,320 -1,651 -2,927 -3,234
2. For bonds issued during 2009 and 2010, suspend
alternative minimum tax limitations on
private-activity tax-exempt bonds and modify
ACE to exclude interest from all tax-exempt
bonds; and provide AMT relief for current
refundings of certain private activity bonds during
2009 and 2010 (refundings of private activity
bonds issued since 1/1/04) oia 12/31/08
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-27 -69 -76 -49 -49 -49 -49 -48
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
-47 -46 -46 -270 -319 -509 -555
3. Modify speed requirement for high-speed rail
exempt facility bonds oia DOE
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
[4] -1 -3 -7 -13 -20 -29 -38
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
-48 -58 -71 -24 -44 -217 -288
4. Delay 3% withholding on government contracts
by one year DOE
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
--- --- -5,819 5,528 --- --- --- ---
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
--- --- --- -291 -291 -291 -291
5. Qualified school construction bonds
($11 billion in 2009 and 2010) oia DOE
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-19 -110 -315 -611 -918 -1,179 -1,345 -1,390
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
-1,362 -1,325 -1,303 -1,973 -3,152 -8,574 -9,877
6. Extend and expand qualified zone academy
bonds ($1.4 billion in 2009 and 2010) oia 12/31/08
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-1 -10 -40 -90 -130 -140 -137 -131
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
-125 -121 -120 -271 -411 -925 -1,045
7. Build America Bonds -- general rule: 35% credit
to bondholders for bonds issued in 2009 and 2010
35% refundable credit to issuers for bonds issued
2009 and 2010 [3] oia DOE
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-53 -323 -506 -495 -475 -455 -436 -417
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
-406 -396 -386 -1,852 -2,307 -3,962 -4,348
8. Specify treatment of tax-credit bonds held by
regulated investment companies tyea DOE
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
No Revenue Effect
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
No Revenue Effect
Total of Infrastructure Financing Tools
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-179 -752 -7,085 3,936 -1,921 -2,174 -2,322 -2,345
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
-2,305 -2,258 -2,233 -6,001 -8,175 -17,405 -19,638
G. Other Provisions
1. Grants to States for low-income housing
projects in lieu of low-income housing credit
allocations for 2009 [3] [11] DOE
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-3,006 28 150 309 350 350 350 350
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
350 350 350 -2,169 -1,819 -419 -69
2. Grants for specified energy property in lieu of ppisa 12/31/08 &
tax credits [3] [11] before 1/1/11
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-27 -77 -18 41 41 27 8 ---
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
--- --- --- -40 -13 -5 -5
3. Increase in statutory limit on the public debt DOE
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
--- --- --- --- --- --- --- ---
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
--- --- --- --- --- --- ---
Total of Other Provisions
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-3,033 -49 132 350 391 377 358 350
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
350 350 350 -2,209 -1,832 -424 -74
H. Prohibition on Collection of Certain Payments
Made Under the Continued Dumping and Subsidy
Offset Act of 2000 [12] DOE
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-10 -30 -30 -10 -10 --- --- ---
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
--- --- --- -90 -90 -90 -90
I. Economic Recovery Payments to Certain
Individuals -- economic recovery payments to
recipients of Social Security, supplemental
security income, railroad retirement benefits, and
veterans disability compensation or pension
benefits [3] [12] DOE
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-14,041 -169 -15 --- --- --- --- ---
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
--- --- --- -14,225 -14,225 -14,225 -14,225
J. $250 Refundable Credit for Federal and State
Pensioners not Eligible for Social Security
Benefits for Tax Year 2009 [3] [5] tyba 12/31/08
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-44 -174 --- --- --- --- --- ---
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
--- --- --- -218 -218 -218 -218
Total of A - J
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-83,432 -212,325 -38,367 9,213 1,790 4,542 6,004 4,667
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
3,928 3,873 -1,018 -323,122 -318,581 -300,111 -301,135
K. Tax Provisions Contained in Other Titles
1. Modifications to Health Coverage Tax Credit,
including increase to 80 percent (sunset 12/31/10)
[3] [13] generally DOE
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-108 -267 -80 -1 --- --- --- ---
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
--- --- --- -457 -457 -457 -457
2. Provide that certain Federal grant monies do not
reduce basis for purposes of determining the
applicable low-income housing tax credit for such
building DOE
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-1 -3 -8 -12 -14 -16 -17 -18
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
-18 -18 -18 -38 -54 -125 -143
3. Premium Assistance for COBRA Continuation
Coverage for Unemployed Workers and Their
Families -- 65% subsidy for up to 9 months;
phased out for taxpayers with AGI above
$125,000 single ($250,000 joint) [3] [14] [15] [16]
2009 2010 2011 2012 2013 2014 2015 2016
____________________________________________________________________________
-14,302 -9,154 -1,407 26 75 46 29 10
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
1 --- --- -24,762 -24,716 -24,677 -24,677
4. Executive compensation oversight DOE
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
Negligible Revenue Effect
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
Negligible Revenue Effect
Total of Tax Provisions Contained in Other Titles
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-14,411 -9,424 -1,495 13 61 30 12 -8
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
-17 -18 -18 -25,257 -25,227 -25,259 -25,277
NET TOTAL [3]
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
-97,843 -221,749 -39,862 9,226 1,851 4,572 6,016 4,659
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
3,911 3,855 -1,036 -348,379 -343,808 -325,370 -326,412
Joint Committee on Taxation
NOTE: Details may not add to totals due to rounding.
Legend for "Effective" column:
DOE = date of enactment
epoia = expenses paid or incurred after
iwbwa = individuals who begin work after
oca = ownership changes after
oia = obligations issued after
mbo/a = months beginning on or after
pa = periods after
po/a = purchases on or after
ppisa = property placed in service after
qhpa = qualified homes purchased after
ra = repurchases after
saa = stocks acquired after
tyba = taxable years beginning after
tybi = taxable years beginning in
tyea = taxable years ending after
FOOTNOTES TO TABLE
[1] Revenue estimates are prepared using our 2009 estimating
models, which rely on the Congressional Budget Office?s January 2009
macroeconomic forecasts. The Congressional Budget Office plans to
prepare a March revision to its baseline macroeconomic assumptions.
If large-scale stimulus legislation is enacted early in 2009, the
Congressional Budget Office?s March 2009 revised macroeconomic
forecasts could be expected to differ, perhaps significantly, from
their January 2009 counterparts. In that case, we anticipate that
we would revise our 2009 estimating models to reflect the
Congressional Budget Office?s March 2009 macroeconomic forecasts:
revenue estimates prepared using these revised March 2009
macroeconomic inputs again could differ, perhaps materially, from
revenue estimates of the same request using our 2009 models with
January 2009 macroeconomic forecasts.
[2] Estimated outlay effects as a result of U.S. possessions
provision provided by the Joint Committee on Taxation in consultation
with the Congressional Budget Office.
[3] Estimate includes an increase in outlays:
Making work pay credit and treatment of U.S. Possessions
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
513 18,357 18,312 --- --- --- --- ---
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
--- --- --- 37,182 37,182 37,182 37,182
Earned income credit
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
--- 2,151 2,120 --- --- --- --- ---
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
--- --- --- 4,271 4,271 4,271 4,271
Child tax credit
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
--- 7,489 7,342 --- --- --- --- ---
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
--- --- --- 14,830 14,830 14,830 14,830
American Opportunity Credit
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
331 1,725 1,595 --- --- --- --- ---
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
--- --- --- 3,651 3,651 3,651 3,651
First time homebuyer credit
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
471 1,413 --- --- --- --- --- ---
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
--- --- --- 1,884 1,884 1,884 1,884
Election to accelerate AMT and R&E credits in lieu of
bonus depreciation
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
8 394 --- --- --- --- --- ---
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
--- --- --- 402 402 402 402
Low-income housing credit grants
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
3,009 --- --- --- --- --- --- ---
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
--- --- --- 3,009 3,009 3,009 3,009
Section 48 grants
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
30 88 40 --- --- --- --- ---
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
--- --- --- 158 158 158 158
Recovery zone bonds
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
154 206 275 275 273 272 270 268
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
265 262 260 1,183 1,455 2,520 2,780
Build America bonds
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
51 292 461 451 433 414 396 378
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
369 360 350 1,688 2,102 3,605 3,955
Economic recovery payments
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
14,041 169 15 --- --- --- --- ---
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
--- --- --- 14,225 14,225 14,225 14,225
Federal and State Pensioners
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
--- 87 --- --- --- --- --- ---
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
--- --- --- 87 87 87 87
Changes to HCTC
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
86 211 63 1 --- --- --- ---
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
--- --- --- 361 361 361 361
COBRA
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
14,302 9,206 1,493 67 --- --- --- ---
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
--- --- --- 25,069 25,069 25,069 25,069
Total increase in outlays
2009 2010 2011 2012 2013 2014 2015 2016
__________________________________________________________________________
32,996 41,788 31,716 794 706 686 666 646
2017 2018 2019 2009-13 2009-14 2009-18 2009-19
__________________________________________________________________________
634 622 610 108,000 108,686 111,254 111,864
[4] Loss of less than $500,000.
[5] Estimate includes interaction with Making Work Pay Credit
and Additional Tax Relief for Families With Children.
[6] Modifications to the definitions of qualified energy
property are effective for property placed in service after the date
of enactment.
[7] The neighborhood electric vehicle and motorcycle rule is
effective for vehicles acquired after date of enactment. The
elimination of neighborhood vehicles and heavy plug-ins from section
30D and the 200,000 vehicle/manufacturer cap is effective for
vehicles acquired after December 31, 2009.
[8] Effective for net operating losses generated in either a
taxable year beginning in 2008 or a taxable year ending in 2008.
[9] Effective for any unemployed veteran hired in 2009 and 2010
within five years (but not less than two months) of the date of
discharge.
[10] The temporary suspension of section 163(e)(5) applies to
obligations issued after August 31, 2008, in taxable years ending
after such date. The additional authority granted to the Secretary to
use a rate higher than the applicable Federal rate for purposes of
applying section 163(e)(5) applies to obligations issued after
December 31, 2009, in taxable years ending after such date.
[11] Estimate includes outlay effects provided by the
Congressional Budget Office.
[12] Estimate provided by the Congressional Budget Office.
[13] Estimate includes indirect revenue effects of Trade
Adjustment Assistance Reauthorization; estimate does not include
outlay effects of TAA.
[14] Estimate includes indirect effects of COBRA subsidy on
Unemployment Insurance program.
[15] We estimate that approximately 7 million people, including
COBRA policyholders and their dependents, would benefit from this
credit for some portion of 2009.
[16] Effective for premiums for months of coverage beginning
after the date of enactment.
END OF FOOTNOTES TO TABLE
DOCUMENT ATTRIBUTES
- Institutional AuthorsJoint Committee on Taxation
- Code Sections
- Subject Area/Tax Topics
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2009-3215
- Tax Analysts Electronic Citation2009 TNT 28-17
