JCT Outlines Expiring Tax Provisions Through 2029

1.

Credit for certain nonbusiness energy property (sec. 25C(g))

12/31/21

2.

Credit for qualified fuel cell motor vehicles (sec. 30B(k)(1))

12/31/21

3.

Credit for alternative fuel vehicle refueling property (sec. 30C(g))

12/31/21

4.

Credit for two-wheeled plug-in electric vehicles (sec. 30D(g)(3)(E)(ii))

12/31/21

5.

Credit for health insurance costs of eligible individuals (sec. 35(b)(1)(B))

12/31/21

6.

Second generation biofuel producer credit (sec. 40(b)(6)(J))

12/31/21

7.

Increase in State low-income housing tax credit ceiling (sec. 42(h)(3)(I))

12/31/21

8.

Beginning-of-construction date for renewable power facilities eligible to claim the electricity production credit or investment credit in lieu of the production credit (secs. 45(d) and 48(a)(5))³

12/31/21

9.

Credit for production of Indian coal (sec. 45(e)(10)(A))

12/31/21

10.

Indian employment credit (sec. 45A(f))

12/31/21

11.

Credit for construction of new energy efficient homes (sec. 45L(g))

12/31/21

12.

Mine rescue team training credit (sec. 45N(e))

12/31/21

13.

Treatment of premiums for certain qualified mortgage insurance as qualified residence interest (sec. 163(h)(3)(E)(iv))

12/31/21

14.

Computation of adjusted taxable income without regard to any deduction allowable for depreciation, amortization, or depletion for purposes of the limitation on business interest (sec. 163(j)(8)(A)(v))

12/31/21

15.

Three-year recovery period for racehorses two years old or younger (sec. 168(e)(3)(A))

12/31/21

16.

Accelerated depreciation for business property on an Indian reservation (sec. 168(j)(9))

12/31/21

17.

Charitable contributions deductible by non-itemizers (sec. 170(p))

12/31/21

18.

Black Lung Disability Trust Fund: increase in amount of excise tax on coal (sec. 4121(e)(2))

12/31/21

19.

Incentives for alternative fuel and alternative fuel mixtures:

a. Excise tax credits and outlay payments for alternative fuel (secs. 6426(d)(5) and 6427(e)(6)(C))

12/31/21

b. Excise tax credits for alternative fuel mixtures (sec. 6426(e)(3))

12/31/21

20.

Temporary increase in limit on cover over of rum excise tax revenues (from $10.50 to $13.25 per proof gallon) to Puerto Rico and the Virgin Islands (sec. 7652(f))

12/31/21

21.

American Samoa economic development credit (sec. 119 of Pub. L. No. 109-432, as amended)

12/31/21

22.

Modification of limitation on charitable contributions (sec. 2205 of Pub. L. No. 116-136, as amended)

12/31/21

23.

Employee retention and rehiring tax credit (sec. 2301 of Pub. L. No. 116-136, as amended)

6/30/21

24.

Prevention of partial plan termination (sec. 209 of Division EE of Pub. L. No. 116-260)

3/31/21

25.

Special rule for health and dependent care flexible spending arrangements (sec. 214 of Division EE of Pub. L. No. 116-260)

12/31/21

1.

Allowance of full deduction for business meals (sec. 274(n)(2)(D))⁴

12/31/22

2.

Highway Trust Fund excise taxes:⁵

a. All tax rates (except for the permanent 4.3-cents-per-gallon rate) on highway gasoline, diesel fuel, kerosene, and alternative fuels (secs. 4041(a) and 4081(d)(1))

9/30/22

b. Reduced tax rate on partially exempt methanol or ethanol fuel (sec. 4041(m))⁶

9/30/22

c. Tax on retail sale of heavy highway vehicles (sec. 4051(c))

9/30/22

d. Tax on heavy truck tires (sec. 4071(d))

9/30/22

3.

Leaking Underground Storage Tank Trust Fund financing rate (secs. 4041(d)(4), 4042(b)(4), and 4081(d)(3))

9/30/22

4.

Incentives for biodiesel and renewable diesel:

a. Income tax credits for biodiesel fuel, biodiesel used to produce a qualified mixture, and small agri-biodiesel producers (sec. 40A(g))

12/31/22

b. Income tax credits for renewable diesel fuel and renewable diesel used to produce a qualified mixture (sec. 40A(g))

12/31/22

c. Excise tax credits and outlay payments for biodiesel fuel mixtures (secs. 6426(c)(6) and 6427(e)(6)(B))

12/31/22

d. Excise tax credits and outlay payments for renewable diesel fuel mixtures (secs. 6426(c)(6) and 6427(e)(6)(B))

12/31/22

5.

Railroad track maintenance credit (expiration of 50-percent rate) (sec. 45G(a))⁷

12/31/22

1.

Credit for residential energy property (sec. 25D(h))

12/31/23

2.

Beginning-of-construction date for increased credit for business solar energy property and credit for fiber optic solar lighting system property, geothermal heat pump property, qualified fuel cell and stationary microturbine power plant property, combined heat and power property, small wind property, and waste energy recovery property (sec. 48(a)(2)(A)(i)(II), (a)(3)(A)(ii), (a)(3)(A)(vii), (a)(3)(A)(viii), (c)(1)(D), (c)(2)(D), (c)(3)(A)(iv), and (c)(4)(C))

12/31/23

3.

Five-year recovery period for certain nergy property (secs. 168(e)(3)(B)(vi)(I) and 48(a)(3)(A))

12/31/23

4.

Airport and Airway Trust Fund excise taxes

a. All tax rates (except for the permanent 4.3-cents-per-gallon rate) on noncommercial aviation kerosene and noncommercial aviation gasoline (secs. 4081(d)(2)(B) and 4083(b))

9/30/23

b. Domestic and international air passenger ticket taxes and ticket tax exemption for aircraft in fractional ownership aircraft programs (sec. 4261(k) and (j))

9/30/23

c. Air cargo tax (sec. 4271(d))

9/30/23

d. Surtax on fuel used in aircraft in a fractional ownership program (sec. 4043(d))

9/30/23

5.

Highway Trust Fund excise taxes:⁸ Annual use tax on heavy highway vehicles (sec. 4481(f))

9/30/23

1.

Modification of individual income tax rates (sec. 1(j))

12/31/25

2.

Child tax credit: Increased credit amount, increased refundable amount, reduced earned income threshold, modification of identification requirements (sec. 24(h))

12/31/25

3.

New markets tax credit (sec. 45D(f)(1))⁹

12/31/25

4.

Beginning-of-construction date for certain qualified carbon oxide sequestration facilities (sec. 45Q(d)(1))

12/31/25

5.

Employer credit for paid family and medical leave (sec. 45S(i))

12/31/25

6.

Beginning-of-construction date for offshore wind facilities eligible to claim the investment credit in lieu of the renewable electricity production credit (sec. 48(a)(5))¹⁰

12/31/25

7.

Work opportunity credit (sec. 51(c)(4))

12/31/25

8.

Increase in exemption amount and phaseout threshold of individual AMT (sec. 55)

12/31/25

9.

Rate on modified taxable income and treatment of credits in the calculation of base erosion minimum tax amount (sec. 59A(b)(2))

12/31/25

10.

Increase in standard deduction of individuals (sec. 63(c)(7))

12/31/25

11.

Suspension of miscellaneous itemized deduction (sec. 67(g))

12/31/25

12.

Suspension of limitation on itemized deductions (sec. 68(f))

12/31/25

13.

Exclusion from gross income of discharge of indebtedness on principal residence (sec. 108(a)(1)(E))

12/31/25

14.

Tax exemption for student loan discharges on account of death or disability (sec. 108(f)(5))

12/31/25

15.

Exclusion for certain employer payments of student loans (sec. 127(c)(1)(B))

12/31/25

16.

Suspension of exclusion for reimbursement of bicycle commuting (sec. 132(f)(8))

12/31/25

17.

Suspension of exclusion for moving expense reimbursement (sec. 132(g)(2))

12/31/25

18.

Suspension of deduction for personal exemptions (sec. 151(d)(5))

12/31/25

19.

Limitation on deduction for qualified residence interest, suspension of deduction for home equity interest (sec. 163(h)(3)(F))

12/31/25

20.

Limitation on deduction for State, local, etc., taxes (sec. 164(b)(6))

12/31/25

21.

Personal casualty losses limited to Federally declared disaster areas (sec. 165(h)(5))

12/31/25

22.

Modification of rules relating to computation of wagering losses (sec. 165(d))

12/31/25

23.

Seven-year recovery period for motorsports entertainment complexes (sec. 168(e)(3)(C)(ii) and (i)(15)(D))

12/31/25

24.

Increase in percentage limitation on cash contributions to public charities (sec. 170(b)(1)(G))

12/31/25

25.

Special expensing rules for certain film, television, and live theatrical productions (sec. 181(g))¹¹

12/31/25

26.

Qualified business income deduction (sec. 199A(i))

12/31/25

27.

Suspension of deduction for moving expenses (sec. 217(k))

12/31/25

28.

Deduction percentages for foreign-derived intangible income and global intangible low-taxed income (sec. 250(a)(3))

12/31/25

29.

Deductibility of employer de minimis meals and related eating facility, and meals for the convenience of the employer (sec. 274(o))

12/31/25

30.

Transfer of excess pension assets to retiree health and life insurance accounts (sec. 420(b)(4))

12/31/25

31.

Limitation on excess business losses of noncorporate taxpayers (sec. 461(l))

12/31/25

32.

ABLE accounts (sec. 529A):

a. Contributions eligible for saver's credit (sec. 25B(d)(1)(D))

12/31/25

b. Rollovers from qualified tuition programs permitted (sec. 529(c)(3)(C)(i)(III))

12/31/25

c. Increase in contributions limit (sec. 529A(b)(2)(B))

12/31/25

33.

Look-through treatment of payments between related controlled foreign corporations under the foreign personal holding company rules (sec. 954(c)(6)(C))

12/31/25

34.

Empowerment zone tax incentives:¹²

a. Designation of an empowerment zone and of additional empowerment zones (sec. 1391(d)(1)(A)(i) and (h)(2))

12/31/25

b. Empowerment zone tax-exempt bonds (secs. 1394 and 1391(d)(1)(A)(i))

12/31/25

c. Empowerment zone employment credit (secs. 1396 and 1391(d)(1)(A)(i))

12/31/25

35.

Increase in estate and gift tax exemption (sec. 2010(c)(3)(C))

12/31/25

36.

Oil Spill Liability Trust Fund financing rate (sec. 4611(f)(2))

12/31/25

37.

Treatment of certain individuals performing services in the Sinai Peninsula of Egypt (sec. 11026 of Pub. L. No. 115-97)

12/31/25

1.

Additional first-year depreciation with respect to qualified property (secs. 168(k)(2)(A)(iii) and 460(c)(6)(B))¹³

12/31/26

2.

Election of additional depreciation for certain plants bearing fruits and nuts (sec. 168(k)(5)(A))¹⁴

12/31/26

3.

Election to invest capital gains in an opportunity zone (sec. 1400Z-2(a)(2)(B))

12/31/26

1.

Expensing of certain costs of replanting citrus plants lost by reason of casualty (sec. 263A(d)(2)(C)(ii))

12/22/27

1.

Specified health insurance policy fee (sec. 4375(e))

9/30/29

2.

Self-insured health plan fee (sec. 4376(e))

9/30/29