Small Business Tax Relief Bill Would Cost $79 Billion, JCT Says
FEB. 13, 2015
JCX-46-15
DOCUMENT ATTRIBUTES
- Institutional AuthorsJoint Committee on Taxation
- Cross-ReferenceH.R. 636
. - Code Sections
- Subject Area/Tax Topics
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2015-3750
- Tax Analysts Electronic Citation2015 TNT 31-67
Citations: JCX-46-15
JOINT COMMITTEE ON TAXATION
February 13, 2015
JCX-46-15
Fiscal Years 2015-2025
[Millions of Dollars]
______________________________________________________________________
Provision Effective
______________________________________________________________________
1. Permanently extend increased expensing
limitations of certain depreciable business
assets for small business tyba 12/31/14
______________________________________________________________________
2015 2016 2017 2018 2019 2020 2021
______________________________________________________________________
-8,340 -14,400 -10,846 -8,661 -6,901 -5,537 -4,817
______________________________________________________________________
2022 2023 2024 2025 2015-20 2015-25
______________________________________________________________________
-4,090 -4,071 -4,648 -4,787 -54,684 -77,097
2. Make permanent the reduced recognition
period for built-in gains of S corporations tyba 12/31/14
______________________________________________________________________
2015 2016 2017 2018 2019 2020 2021
______________________________________________________________________
-70 -218 -283 -222 -147 -103 -84
______________________________________________________________________
2022 2023 2024 2025 2015-20 2015-25
______________________________________________________________________
-81 -86 -92 -99 -1,043 -1,485
3. Make permanent certain rules regarding
basis adjustments to stock of S corporations
making charitable contributions of property cmi tyba 12/31/14
______________________________________________________________________
2015 2016 2017 2018 2019 2020 2021
______________________________________________________________________
-23 -49 -53 -55 -57 -59 -61
______________________________________________________________________
2022 2023 2024 2025 2015-20 2015-25
______________________________________________________________________
-64 -68 -71 -75 -296 -635
NET TOTAL
______________________________________________________________________
2015 2016 2017 2018 2019 2020 2021
______________________________________________________________________
-8,433 -14,667 -11,182 -8,938 -7,105 -5,699 -4,962
______________________________________________________________________
2022 2023 2024 2025 2015-20 2015-25
______________________________________________________________________
-4,235 -4,225 -4,811 -4,961 -56,023 -79,217
______________________________________________________________________
Joint Committee on Taxation
--------------------------------------
NOTE: Details may not add to totals due to rounding. Date of enactment
assumed to be April 1, 2015.
Legend for "Effective" column:
cmi = contributions made in
tyba = taxable years beginning after
DOCUMENT ATTRIBUTES
- Institutional AuthorsJoint Committee on Taxation
- Cross-ReferenceH.R. 636.
- Code Sections
- Subject Area/Tax Topics
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2015-3750
- Tax Analysts Electronic Citation2015 TNT 31-67
