JCT Estimates Trade Preferences Bill Would Raise $712 Million
JUN. 12, 2015
JCX-90-15
DOCUMENT ATTRIBUTES
- Institutional AuthorsJoint Committee on Taxation
- Cross-ReferenceH.R. 1295
. - Code Sections
- Subject Area/Tax Topics
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2015-13872
- Tax Analysts Electronic Citation2015 TNT 114-64
Citations: JCX-90-15
JOINT COMMITTEE ON TAXATION
June 12, 2015
JCX-90-15
Fiscal Years 2016 - 2025
[Millions of Dollars]
_____________________________________________________________________
Provision Effective
_____________________________________________________________________
1. Increase the amount of any required installment of
corporate estimated tax otherwise due in July,
August, or September of 2020 by 5.25 percent for
corporations with assets of at least $1 billion DOE
2016 2017 2018 2019 2020 2021
_____________________________________________________________________
--- --- --- --- 3,781 -3,781
2022 2023 2024 2025 2016-20 2016-25
_____________________________________________________________________
--- --- --- --- 3,781 ---
2. Payee statement required to claim certain education
tax benefits1 tyba DOE
2016 2017 2018 2019 2020 2021
_____________________________________________________________________
21 106 94 48 49 50
2022 2023 2024 2025 2016-20 2016-25
_____________________________________________________________________
51 52 52 53 317 576
3. Special rule for educational institutions unable to
collect TINs of individuals with respect to higher
education tuition and related expenses 2
2016 2017 2018 2019 2020 2021
_____________________________________________________________________
3 3 3 3 3 3
2022 2023 2024 2025 2016-20 2016-25
_____________________________________________________________________
3 3 3 3 3 3
4. Penalty for failure to file correct information rasrtbfa
returns and provide payee statements 12/31/15
2016 2017 2018 2019 2020 2021
_____________________________________________________________________
5 13 13 14 14 15
2022 2023 2024 2025 2016-20 2016-25
_____________________________________________________________________
15 15 16 16 59 136
NET TOTAL
2016 2017 2018 2019 2020 2021
_____________________________________________________________________
26 119 107 62 3,844 -3,716
2022 2023 2024 2025 2016-20 2016-25
_____________________________________________________________________
66 67 68 69 4,157 712
_____________________________________________________________________
Joint Committee on Taxation
---------------------------
NOTE: Details may not add to totals due to rounding. The date of
enactment is assumed to be July 1, 2015.
Legend for "Effective" column:
DOE = date of enactment
rasrtbfa = returns and statements required to be filed after
tyba = taxable years beginning after
FOOTNOTES
1 Estimate includes the following outlay effects: Payee
statement required to claim certain education
2016 2017 2018 2019 2020 2021
_____________________________________________________________________
--- -39 -40 --- --- ---
2022 2023 2024 2025 2016-20 2016-25
_____________________________________________________________________
--- --- --- --- -79 -79
2 Effective for returns required to be made, and
statements required to be furnished, after December 31, 2015.
3 Loss of less than $500,000.
END OF FOOTNOTES
DOCUMENT ATTRIBUTES
- Institutional AuthorsJoint Committee on Taxation
- Cross-ReferenceH.R. 1295.
- Code Sections
- Subject Area/Tax Topics
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2015-13872
- Tax Analysts Electronic Citation2015 TNT 114-64
