JOI

Provision Effective 2019 2020 2021 2022 2023 2024 2025 2026 2027 

I. Extension of Certain Expiring Provisions

A. Tax Relief and Support for Families and Individuals

1. Exclusion from gross income of discharge of

indebtedness on qualified principal residenceindebtedness (sunset 12/31/20)............................................. doia 12/31/17 -853 -764 -666 --- --- --- --- --- --

2. Extension of mortgage insurance premiums treated as

qualified residence interest (sunset 12/31/20)...................... apoia 12/31/17 -261 -566 -426 --- --- --- --- --- --

3. Medical expense deduction for expenses in excess of 7.5

percent of adjusted gross income (sunset 12/31/20)............. tyea 12/31/18 -170 -2,010 -1,433 --- --- --- --- --- --

4. Extension of above-the-line deduction for qualified

tuition and related expenses (sunset 12/31/20)..................... tyba 12/31/17 -58 -431 -175 --- --- --- --- --- --

5. Black Lung Disability Trust Fund - increase in amount of

excise tax on coal (sunset 12/31/20)..................................... [1] 56 161 41 --- --- --- --- --- --

B. Incentives for Employment, Economic Growth, and

Community Development

1. Extension of Indian employment tax credit (sunset

12/31/20)............................................................................... tyba 12/31/17 -78 -77 -69 [2] [2] [2] [2] [2] [2

2. Extension of railroad track maintenance credit (sunset

12/31/20)............................................................................... epoid tyba 12/31/17 -334 -216 -97 --- --- --- --- --- --

3. Extension of mine rescue team training credit (sunset

12/31/20)............................................................................... tyba 12/31/17 -2 -1 -1 -1 [2] [2] [2] [2] [2

4. Extension of 7-year recovery period for motorsports

entertainment complexes (sunset 12/31/20).......................... ppisa 12/31/17 -32 -39 -41 -30 -21 -17 -13 -7 

5. Extension of accelerated depreciation for business

property on Indian reservations (sunset 12/31/20)................ ppisa 12/31/17 -16 -47 -27 -12 -3 -2 -4 -9 -12 

6. Extension of special expensing rules for certain film,

television, and live theatrical productions (sunset12/31/20)............................................................................... pca 12/31/17 -1,471 -289 601 899 260 --- --- --- --

7. Extension of empowerment zone tax incentives (sunset

12/31/20)............................................................................... tyba 12/31/17 -320 -326 -185 2 1 1 [2] [2] [2

8. Extension of American Samoa economic development

credit (sunset 12/31/20)......................................................... tyba 12/31/17 -12 -8 -4 --- --- --- --- --- --

ESTIMATED REVENUE EFFECTS OF H.R. 3301,

Fiscal Years 2019 - 2029

[Millions of Dollars] 

SCHEDULED FOR MARKUP BY THE COMMITTEE ON WAYS AND MEANS ON JUNE 20, 2019

THE "TAXPAYER CERTAINTY AND DISASTER TAX RELIEF ACT OF 2019,"
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C. Incentives for Energy Production, Efficiency, and Green

Economy Jobs

1. Biodiesel and renewable diesel incentives - extend

present-law income tax credits, excise tax credit, andoutlay payments (sunset 12/31/20)....................................... fsoua 12/31/17 -5,068 -3,042 -830 --- --- --- --- --- --

2. Extension of second generation biofuel producer

credit (sunset 12/31/20)......................................................... qsgbpa 12/31/17 -21 -15 -7 --- --- --- --- --- --

3. Extension of credit for section 25C nonbusiness

energy property (sunset 12/31/20)........................................ ppisa 12/31/17 -208 -624 -393 --- --- --- --- --- --

4. Extension of alternative motor vehicle credit for

qualified fuel cell motor vehicles (sunset 12/31/20)............. ppa 12/31/17 -7 -5 -2 --- --- --- --- --- --

5. Extension of credit for alternative fuel vehicle

refueling property (sunset 12/31/20)..................................... ppisa 12/31/17 -88 -111 -97 -9 -8 -8 -7 -4 -

6. Extension of credit for two-wheeled plug-in electric

vehicles (sunset 12/31/20)..................................................... vaa 12/31/17 -1 -1 -1 [2] [2] [2] [2] --- --

7. Extension of beginning-of-construction date for renewable

power facilities eligible to claim the electricity productioncredit or investment credit in lieu of the production credit tyba 12/31/17 &(sunset 12/31/20)................................................................... tyba 12/31/19 --- -102 -185 -214 -162 -169 -208 -239 -25

8. Extension of production credit for Indian coal

facilities (sunset 12/31/20).................................................... cpa 12/31/17 -33 -26 -16 -9 -8 -8 -7 -4 -2 

9. Extension of credit for construction of energy-efficient

new homes (sunset 12/31/20)................................................ haa 12/31/17 -230 -184 -119 -64 -56 -56 -45 -26 -7 

10. Extension of special depreciation allowance for second

generation biofuel plant property (sunset 12/31/20)............. ppisa 12/31/17

11. Extension of energy efficient commercial buildings

deduction (sunset 12/31/20).................................................. ppisa 12/31/17 -140 -83 -25 544332

12. Extension of special rule for sales or dispositions to

implement Federal Energy Regulatory Commission(“FERC”) or State electric restructuring policy forqualified electric utilities (sunset 12/31/20).......................... da 12/31/17 -276 -147 2 78 78 78 78 62 37 

13. Extension and clarification of excise tax credits

relating to alternative fuels (sunset 12/31/20)....................... fsoua 12/31/17 -1,241 -747 -202 --- --- --- --- --- --

14. Extension of Oil Spill Liability Trust Fund financing

rate (sunset 12/31/20)............................................................ fdofcmba DOE

D. Certain Provisions Expiring at the End of 2019

1. New markets tax credit (sunset 12/31/20) [3]....................... cyba 12/31/19 --- [2] -8 -37 -113 -173 -200 -226 -247 2. Employer credit for paid family and medical leave

(sunset 12/31/20) [4]............................................................. wpi tyba 12/31/19 --- -767 -803 -334 -167 -119 -48 --- --

3. Work opportunity tax credit (sunset 12/31/20)..................... iwbwftea 12/31/19 --- -571 -826 -289 -113 -86 -78 -32 -24. Excise taxes on beer, wine, and distilled spirits

(sunset 12/31/20):a. Special rule for the production period for beer, wine, and distilled spirits........................................................... icpoaa 12/31/19 --- -27 5 5 5 4 -1 [2] [2b. Modifying the rates of taxation of beer and certain other rules............................................................. bra 12/31/19 --- -86 -39 --- --- --- --- --- --

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c. Modifying the rates of taxation of wine and  certain other rules............................................................. wra 12/31/19 --- -114 -72 --- --- --- --- --- --d. Modifying the rates of taxation of distilled spirits and certain other rules............................................................. dsra 12/31/19 --- -427 -415 --- --- --- --- --- --e. Simplification of rules regarding records, statements, and returns........................................................................ cqba 12/31/19 ---

5. Look-through treatment of payments between related

CFCs under foreign personal holding companyincome rules (sunset 12/31/20)............................................. [5] --- -471 -202 --- --- --- --- --- --

6. Credit for health insurance costs of eligible

individuals (health coverage tax credit)(sunset 12/31/20) [6]............................................................. mba 12/31/19 --- -28 -15 --- --- --- --- --- --

Total of Extension of Certain Expiring Provisions .......................................... -10,864 -12,191 -6,732 -10 -303 -551 -530 -482 -515 

II. Estate and Gift Tax - Reduction of Unified Credit Against

Estate Tax......................................................................................dda & gma 12/31/22 --- --- 19 144 1,121 10,264 11,481 11,990 1,733 

III. Disaster Tax Relief

1. Special disaster-related rules for use of retirement funds..... DOE -19 -198 -159 -68 -58 -24 [2] [2] [22. Employee retention credit for employers affected by

qualified disasters.................................................................. [7] -167 -28 -14 -8 -4 [2] [2] [2] [2

3. Other disaster-related tax relief provisions:

a. Temporary increase in limitation on qualified contributions.................................................................... DOE -2,752 -131 1,202 471 294 187 --- --- --b. Special rules for qualified disaster-related personal casualty losses.................................................................. DOE -2,677 -2,646 -957 -408 -70 --- --- --- --c. Special rule for determining earned income [6]............... DOE -122 -30 --- --- --- --- --- --- --

4. Automatic extension of filing deadlines in case of certain

taxpayers affected by Federally declared disasters............... Fddda DOE

5. Modification of the tax rate for the excise tax on

investment income of private foundations............................ tyba DOE [2] [2] [2] -1 -1 -1 -1 -1 -

6. Additional low-income housing credit allocations for

qualified 2017 and 2018 California disaster areas................ DOE -2 -25 -65 -92 -99 -99 -99 -99 -99 

7. Treatment of certain possessions.......................................... DOE

Total of Disaster Tax Relief ............................................................... -5,739 -3,058 7 -106 62 63 -100 -100 -100 

 NET TOTAL ............................................................................................. -16,603 -15,249 -6,706 28 880 9,776 10,851 11,408 1,118 

Joint Committee on Taxation -------------------------------------- NOTE: Details may not add to totals due to rounding.[Legend and Footnotes for JCX-31-19 appear on the following page]

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Estimate Included in Items III.1.- III.6. - - 

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Legend and Footnotes for JCX-31-19:Legend for "Effective" column: 

apoia = amounts paid or incurred after epoid = expenditures paid or incurred during pca = pro

bra = beer removed after gma = gifts made after ppa = prcba = construction beginning after fdofcmba = first day of first calendar month beginning after ppisa = p

cpa = coal produced after Fddda = Federally declared disasters declared after qsgbpa = cqba = calendar quarters beginning after fsoua = fuel sold or used after productcyba = calendar years beginning after haa = homes acquired after tyba = ta

da = dispositions after icpoaa = interest costs paid or accrued after vaa = vedda = decedents dying after iwbwftea = individuals who begin work for the wpi = waDOE = date of enactment employer after wra = widoia = discharge of indebtedness after mba = months beginning afterdsra = distilled spirits removed after

[1] Effective on and after the first day of the first calendar month beginning after the date of the enactment of this Act.

[2] Loss of less than $500,000.[3] Allocation in calendar year 2020 increased to $5 billion.[4] Estimate includes the following budget effects: 2019 2020 2021 2022 2023 2024 2025 2026 202

Total Revenue Effect................................................................................................. --- -767 -803 -334 -167 -119 -48 --- -

On-budget effects.................................................................................................... --- -774 -806 -334 -167 -119 -48 --- -Off-budget effects................................................................................................... --- 7 3 --- --- --- --- --- -

[5] Effective for taxable years of foreign corporations beginning after December 31, 2019, and for taxable years of U.S. shareholders with or within which such taxable years of such fore

[6] Estimates contain the following outlay effect: 2019 2020 2021 2022 2023 2024 2025 2026 202

Credit for health insurance costs of eligible individuals (health coverage tax credit)....... --- 26 9 --- --- --- --- --- -

Special rule for determining earned income...................................................................... 88 22 --- --- --- --- --- --- -

[7] For employers affected by qualified disasters, effective for wages paid or incurred from the incident beginning date of such qualified disaster and 150 days after the last day of the last 

of such qualified disaster.