JCT Says Tax Extenders Bill Would Cost $84.9 Billion
MAY 15, 2014
JCX-51-14
DOCUMENT ATTRIBUTES
- Institutional AuthorsJoint Committee on Taxation
- Cross-ReferenceH.R. 3474
.
S. 2260. - Code Sections
- Subject Area/Tax Topics
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2014-12206
- Tax Analysts Electronic Citation2014 TNT 95-18
Citations: JCX-51-14
JOINT COMMITTEE ON TAXATION
May 15, 2014
JCX-51-14
ESTIMATED BUDGET EFFECTS OF AN AMENDMENT IN THE NATURE OF A SUBSTITUTE TO
H.R. 3474, THE "EXPIRING PROVISIONS IMPROVEMENT, REFORM, AND EFFICIENCY
('EXPIRE') ACT OF 2014," SCHEDULED FOR CONSIDERATION BY THE SENATE
Fiscal Years 2014 - 2024
[Millions of Dollars]
______________________________________________________________________________
Provision Effective
______________________________________________________________________________
Title I. Extensions and Modifications of Expired and Expiring Tax Provisions
Subtitle A. Provisions Expiring in 2013
Part I -- Individual Tax Extenders
1. Health coverage tax credit (sunset 12/31/15)1 cmba 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-22 -82 -31 --- --- --- ---
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
--- --- --- --- -134 -134
2. Above-the-line deduction of up to $250 for teacher
classroom expenses (sunset 12/31/15) tyba 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-11 -246 -173 --- --- --- ---
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
--- --- --- --- -430 -430
3. Discharge of indebtedness on principal residence
excluded from gross income of individuals (sunset
12/31/15) doia 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-471 -3,012 -1,929 --- --- --- ---
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
--- --- --- --- -5,413 -5,413
4. Parity for exclusion from income for employer-provided ma 12/31/13 &
mass transit and parking benefits (sunset 12/31/15)2 tyba 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-44 -105 -30 --- --- --- ---
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
--- --- --- --- -180 -180
5. Mortgage insurance premiums treated as qualified
residence interest (sunset 12/31/15) apoaa 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-138 -922 -794 --- --- --- ---
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
--- --- --- --- -1,854 -1,854
6. Deduction for State and local general sales ttaxes
(sunset 12/31/15) tyba 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
3 -3,382 -2,872 -240 --- --- ---
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
--- --- --- --- -6,494 -6,494
7. Contributions of capital gain real property made for
conservation purposes (sunset 12/31/15) cmi tyba 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-23 -64 -53 -12 -2 -7 -21
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
-27 -23 -20 -18 -160 -268
8. Above-the-line deduction for qualified tuition and
related expenses (sunset 12/31/15) tyba 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-15 -344 -237 --- --- --- ---
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
--- --- --- --- -596 -596
9. Tax-free distributions from IRAs to certain public
charities for individuals age 70-1/2 or older, not to
exceed $100,000 per taxpayer per year (sunset 12/31/15) dmi tyba 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-248 -633 -411 -50 -55 -57 -60
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
-63 -66 -68 -70 -1,453 -1,779
Part II -- Business Tax Extenders
1. Modification of the research credit apoia 12/31/13 &
(sunset 12/31/15) cdf tyba 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-2,376 -4,238 -2,459 -1,220 -1,071 -941 -821
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
-755 -720 -697 -661 -12,305 -15,959
2. Modification of temporary minimum LIHTC rate for
non-Federally subsidized new buildings (9%) and
existing buildings (4%) (sunset 12/31/15) 1/1/14
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
--- -1 -2 -4 -5 -6 -6
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
-6 -6 -6 -6 -19 -49
3. Military housing allowance exclusion for determining
area median gross income (sunset 12/31/15) ido/a 1/1/14
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-1 -4 -5 -5 -5 -5 -5
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
-5 -5 -5 -4 -25 -49
4. Indian employment tax credit (sunset 12/31/15) tyba 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-21 -51 -39 -11 -1 --- ---
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
--- --- --- --- -124 -124
5. Modification of the new markets tax credit (sunset
12/31/15) cyba 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-2 -5 -27 -90 -171 -221 -252
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
-279 -289 -268 -235 -514 -1,838
6. Railroad track maintenance credit (sunset 12/31/15) epoii tyba
12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-72 -207 -135 3 --- --- ---
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
--- --- --- --- -414 -414
7. Mine rescue team training credit (sunset 12/31/15) tyba 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-1 -2 -1 -1 3 3 3
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
--- --- --- --- -3 -5
8. Employer wage credit for activated military reservists
(sunset 12/31/15) pma 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-5 -58 -121 -79 -12 --- ---
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
--- --- --- --- -274 -274
9. Modification of work opportunity tax credit (sunset
12/31/15) iwbwftea 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-449 -1,126 -938 -368 -164 -81 -31
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
-4 --- --- --- -3,127 -3,162
10. Modification of qualified zone academy bonds (sunset
12/31/15) oia 12/31/13 & 4
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
3 -3 -11 -24 -34 -39 -38
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
-36 -34 -33 -32 -111 -284
11. Classification of certain race horses as 3-year
property (sunset 12/31/15) ppisa 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-24 -73 -71 -13 26 39 43
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
38 22 6 --- -117 -9
12. 15-year straight-line cost recovery for qualified
leasehold improvements, qualified restaurant buildings and
improvements, and qualified retail improvements (sunset
12/31/15)5 ppisa 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-67 -273 -483 -551 -542 -522 -498
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
-494 -492 -476 -426 -2,438 -4,825
13. 7-year recovery period for motorsports entertainment
complexes (sunset 12/31/15)6 ppisa 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-3 -12 -18 -15 -10 -7 -6
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
-5 -1 2 3 -64 -71
14. Accelerated depreciation for business property on an
Indian reservation (sunset 12/31/15) ppisa 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-56 -155 -138 -32 31 65 73
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
49 17 -4 -8 -285 -158
15. Bonus depreciation:
a. Additional first-year depreciation for 50% of basis ppisa
of qualified property (sunset 12/31/15)7 12/31/13 ityeasd
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-8,126 -73,611 1,958 28,047 18,113 13,159 8,823
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
4,851 2,353 1,012 568 -20,459 -2,852
b. Election to accelerate AMT credit in lieu of bonus ppisa
depreciation (sunset 12/31/15) 12/31/13 ityeasd
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-121 -265 -171 -34 -2 -3 -3
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
-2 -1 3 3 -596 -602
16. Enhanced charitable deduction for contributions of
food inventory (sunset 12/31/15) cma 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-57 -145 -89 --- --- --- ---
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
--- --- --- --- -292 -292
17. Modification of increased expensing limitations and
treatment of certain real property as section 179 property
(sunset 12/31/15) tyba 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-7,249 -12,779 -1,355 6,659 4,230 3,070 2,089
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
1,148 568 270 162 -7,424 -3,186
18. Election to expense mine safety equipment (sunset
12/31/15) ppisa 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-12 -16 1 8 5 4 4
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
3 2 8 --- -9 ---
19. Special expensing rules for certain film and
television productions; special expensing for live generally
theatrical productions (sunset 12/31/15) pca 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-37 -387 -64 136 104 59 44
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
36 30 26 26 -189 -27
20. Deduction allowable with respect to income attributable
to domestic production activities in Puerto Rico (sunset
12/31/15) tyba 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-36 -110 -76 --- --- --- ---
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
--- --- --- --- -222 -222
21. Modification of tax treatment of certain payments under
existing arrangements to controlling exempt organizations
(sunset 12/31/15) proaa 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-14 -18 -4 --- --- --- ---
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
--- --- --- --- -36 -36
22. Treatment of certain dividends of RICs (sunset
12/31/15) 9
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-68 -100 -30 --- --- --- ---
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
--- --- --- --- -198 -198
23. Treatment of RICs as "qualified investment entities"
under section 897 (FIRPTA) (sunset 12/31/15) 1/1/14
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-31 -47 -15 --- --- --- ---
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
--- --- --- --- -93 -93
24. Exception under subpart F for active financing income
(sunset 12/31/15) 10
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-2,033 -5,166 -3,175 --- --- --- ---
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
--- --- --- --- -10,373 -10,373
25. Look-through treatment of payments between related
CFCs under foreign personal holding company income rules
(sunset 12/31/15) 10
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-808 -1,254 -389 --- --- --- ---
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
--- --- --- --- -2,450 -2,450
26. Exclusion of 100 percent of gain on certain small
business stock (sunset 12/31/15) saa 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
2 15 18 --- --- -134 -924
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
-925 --- --- --- -99 -1,948
27. Basis adjustment to stock of S corporations making
charitable contributions of property (sunset 12/31/15) cmi tyba 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-16 -58 -28 -2 3 3 3
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
3 3 3 3 -104 -104
28. Reduction in S corporation recognition period for
built-in gains tax (sunset 12/31/15) tyba 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-15 -138 -59 -6 -5 -3 -2
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
-1 -1 -1 -1 -226 -232
29. Empowerment zone tax incentives (sunset 12/31/15) pa 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-81 -205 -153 -27 -12 -4 -2
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
-3 -4 -4 -3 -483 -498
30. 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
(sunset 12/31/15)1 11 abiUSa 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-142 -168 -26 --- --- --- ---
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
--- --- --- --- -336 -336
31. American Samoa economic development credit
(sunset 12/31/15) tyba 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-10 -15 -5 --- --- --- ---
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
--- --- --- --- -29 -29
Part III -- Energy Tax Extenders
1. Modification of credit for section 25C nonbusiness
energy property (sunset 12/31/15) ppisa 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-198 -807 -643 --- --- --- ---
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
--- --- --- --- -1,648 -1,648
2. Credit for two-wheeled plug-in electric vehicles
(sunset 12/31/15) vaa 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
3 -2 -1 --- --- --- ---
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
--- --- --- --- -2 -2
3. Second generation biofuel producer credit (sunset
12/31/15) fpa 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-15 -28 -12 --- --- --- ---
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
--- --- --- --- -55 -55
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 (sunset 12/31/15) saua 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-945 -1,276 -344 --- --- --- ---
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
--- --- --- --- -2,565 -2,565
b. Income tax credits for renewable diesel fuel and
renewable diesel used to produce a qualified mixture
(sunset 12/31/15) saua 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
- - - - - - - - - - Estimate Included In Item I.C.4.a. - - - - - - - - - - - -
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
- - - - - - - - - - Estimate Included In Item I.C.4.a. - - - - - - - - - - - -
c. Excise tax credits and outlay payments for
biodiesel fuel mixtures (sunset 12/31/15) saua 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
- - - - - - - - - - Estimate Included In Item I.C.4.a. - - - - - - - - - - - -
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
- - - - - - - - - - Estimate Included In Item I.C.4.a. - - - - - - - - - - - -
d. Excise tax credits and outlay payments for
renewable diesel fuel mixtures (sunset 12/31/15) saua 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
- - - - - - - - - - Estimate Included In Item I.C.4.a. - - - - - - - - - - - -
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
- - - - - - - - - - Estimate Included In Item I.C.4.a. - - - - - - - - - - - -
5. Modification of credit for the production of Indian
coal (sunset 12/31/15) cpa 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-18 -31 -15 -4 -3 -2 -1
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
2 --- --- --- -75 -76
6. Beginning-of-construction date for renewable power
facilities eligible to claim the electricity production
credit or investment credit in lieu of the production
credit (sunset 12/31/15) 1/1/14
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-75 -116 -234 -580 -1,049 -1,485 -1,749
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
-1,876 -1,992 -2,064 -2,127 -3,540 -13,347
7. Credit for construction of energy-efficient new homes
(sunset 12/31/15) haa 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-95 -192 -114 -55 -49 -42 -36
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
-23 -6 --- --- -547 -612
8. Special allowance for second generation biofuel plant
property (sunset 12/31/15) ppisa 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-1 -3 -2 8 8 8 8
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
8 8 8 8 -4 -1
9. Modifications of energy efficient commercial buildings
deduction (sunset 12/31/15) ppisa 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-107 -175 -58 7 6 6 5
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
4 3 3 2 -321 -304
10. Special rule for sales or dispositions to implement
Federal Energy Regulatory Commission ( "FERC") or State
electric restructuring policy for qualified electric
utilities (sunset 12/31/15) da 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-232 -336 -45 105 105 105 105
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
105 72 19 --- -300 ---
11. Excise tax credits and outlay payments for alternative
fuel, and excise tax credits for alternative fuel mixtures
(including extensions for liquefied hydrogen) (sunset fsoua 12/31/13 &
12/31/15) fsoua 9/30/14
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-327 -453 -122 --- --- --- ---
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
--- --- --- --- -903 -903
Total of Subtitle A. Provisions Expiring in 2013
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-24,916 -112,884 -16,230 31,539 19,429 12,948 6,730
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
1,730 -573 -2,307 -2,830 -90,113 -87,361
Subtitle B. Provisions Expiring in 2014
Part I -- Energy Tax Extenders
1. Alternative motor vehicle credit for qualified fuel
cell motor vehicles (sunset 12/31/15) vpa 12/31/14
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
--- -30 -16 --- --- --- ---
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
--- --- --- --- -47 -47
2. Alternative fuel refueling property ((including
extension for hydrogen property) (sunset 12/31/15) ppisa 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-23 -42 -19 -3 -2 -1 8
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
1 1 1 1 -92 -89
Part II -- Extenders Relating to Multiemployer Defined
Benefit Pension Plans
1. Multiemployer defined benefit plans (sunset asa 12/31/14 &
12/31/15)12 pyba 12/31/14
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
- - - - - - - - - - - Gain of less than $500,000 - - - - - - - - - - - - - - -
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
- - - - - - - - - - - Gain of less than $500,000 - - - - - - - - - - - - - - -
Total of Subtitle B. Provisions Expiring in 2014
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-23 -72 -35 -3 -2 -1 8
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
1 1 1 1 -139 -136
Subtitle C. Revenue Provisions
1. Penalty for failure to meet due diligence requirements
for the child tax credit1 tyba 12/31/14
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
--- 8 5 5 5 5 5
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
5 5 5 5 19 43
2. 100 percent continuous levy authority on payment to
Medicare providers and suppliers pmsma DOE
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
--- 57 78 80 81 83 84
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
86 88 90 91 379 818
3. Exclusion from gross income of certain clean coal
power grants pri tyba 12/31/11
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-35 -60 -52 -28 8 41 47
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
34 24 17 8 -126 4
4. Reform of rules related to qualified tax collection
contracts1 DOE
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
8 50 214 225 235 246 257
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
269 282 296 310 970 2,384
5. Special compliance personnel program acarbsa DOE
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
- - - - - - - - - - - - - - No Revenue Effect - - - - - - - - - - - - - - - -
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
- - - - - - - - - - - - - - No Revenue Effect - - - - - - - - - - - - - - - -
6. Exclusion of dividends from controlled foreign corporations
from the definition of personal holding company income for
purposes of the personal holding company rules tyeo/a DOE
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
8 1 1 1 1 1 2
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
2 2 2 2 7 15
7. Inflation adjustment for certain civil tax penalties
under the Internal Revenue Code rrtbfa 12/31/14
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
--- 1 2 4 6 9 12
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
15 18 21 25 23 115
Total of Subtitle C. Revenue Provisions
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-35 49 248 287 336 385 407
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
411 419 431 441 1,272 3,379
Total of Title I.
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-24,974 -112,907 -16,017 31,824 19,763 13,332 7,137
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
2,143 -153 -1,875 -2,388 -88,981 -84,118
Title II. Tax Technical Corrections various
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
- - - - - - - - - - - - - - No Revenue Effect - - - - - - - - - - - - - - - -
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
- - - - - - - - - - - - - - No Revenue Effect - - - - - - - - - - - - - - - -
Title III. Hire More Heroes -- employees with health
coverage under TRICARE or the Veterans Administration may
be exempted from employer mandate under the Patient
Protection and Affordable Care Act13 mba 12/31/13
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
--- --- -64 -68 -72 -77 -82
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
-88 -93 -99 -104 -281 -748
Sense of the Senate Committee on Finance To Express
Support for Comprehensive Tax Reform DOE
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
- - - - - - - - - - - - - - No Revenue Effect - - - - - - - - - - - - - - - -
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
- - - - - - - - - - - - - - No Revenue Effect - - - - - - - - - - - - - - - -
NET TOTAL
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-24,974 -112,907 -16,081 31,756 19,690 13,255 7,055
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
2,055 -246 -1,974 -2,492 -89,262 -84,866
______________________________________________________________________________
Joint Committee on Taxation
--------------------------------------
NOTE: Details may not add to totals due to rounding. The date of enactment is
assumed to be July 1, 2014. Revenue provisions as submitted in statutory
draft MCG14285.
Legend for "Effective" column:
abiUSa = articles brought into the United States after
acarbsa = amounts collected and retained by the Secretary after
apoaa = amounts paid or accrued after
apoia = amounts paid or incurred after
asa = applications submitted after
cdf = credits determined for
cma = contributions made after
cmba = coverage months beginning after
cmi = contributions made in
cpa = coal produced after
cyba = calendar years beginning after
da = dispositions after
dmi = distributions made in
doia = discharge of indebtedness after
epoii = expenses paid or incurred in
fpa = fuel produced after
fsoua = fuel sold or used after
haa = homes acquired after
ido/a = income determinations on or after
ityeasd = in taxable years ending after such date
iwbwftea = individuals who begin work for the employer after
ma = months after
mba = months beginning after
oia = obligations issued after
pa = periods after
pca = productions commencing after
pma = payments made after
pmsma = payments made six months after
ppisa = property placed in service after
pri = payments received in
proaa = payments received or accrued after
pyba = plan years beginning after
rrtbfa = returns required to be filed after
saa = stock acquired after
saua = sales and uses after
tyba = taxable years beginning after
tyeo/a = taxable years ending on or after
vpa = vehicles purchased after
FOOTNOTES TO TABLE
1 Estimate includes the following outlay effects:
Health coverage tax credit
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
20 67 18 --- --- --- ---
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
--- --- --- --- 106 106
Increase in limit on cover over of rum excise tax revenues to Puerto Rico
and the Virgin Islands11
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
142 168 26 --- --- --- ---
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
--- --- --- --- 336 336
Penalty for failure to meet due diligence requirements for the
child tax credit
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
--- --- -4 -4 -4 -4 -4
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
-4 -4 -4 -5 -17 -40
Reform of rules relating to qualified tax collection contracts
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
14 50 214 225 235 246 257
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
269 282 296 310 970 2,384
2 Estimate includes the following effects:
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-30 -70 -20 --- --- --- ---
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
--- --- --- --- -120 -120
General Fund
2014 2015 2016 2017 2018 2019 2020
______________________________________________________________________________
-15 -35 -10 --- --- --- ---
2014- 2014-
2021 2022 2023 2024 19 24
______________________________________________________________________________
--- --- --- --- -60 -60
3 Loss of less than $500,000. OASDI
4 Technical correction regarding Internal Revenue Code section
6431 effective as if included in section 310 of American Taxpayer Relief Act
of 2012.
5 Estimate includes interaction with section 179 and bonus
depreciation.
6 Estimate includes interaction with bonus depreciation.
7 Estimate includes interaction with section 179.
8 Gain of less than $500,000.
9 Effective for dividends paid with respect to any taxable year
of regulated investment companies beginning after December 31, 2013.
10 Effective for taxable years of foreign corporations beginning
after December 31, 2013, and for taxable years of U.S. shareholders
with or within which such taxable years of such foreign corporations end.
11 Estimate provided by the Congressional Budget Office.
12 Estimate is preliminary and subject to change.
13 Estimate provided by the staff of the Joint Committee on
Taxation and the Congressional Budget Office.
14 Increase in outlays of less than $500,000.
END OF FOOTNOTES TO TABLE
DOCUMENT ATTRIBUTES
- Institutional AuthorsJoint Committee on Taxation
- Cross-ReferenceH.R. 3474.
S. 2260. - Code Sections
- Subject Area/Tax Topics
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2014-12206
- Tax Analysts Electronic Citation2014 TNT 95-18
