JOI

Provision Effective 2016 2017 2018 2019 2020 2021 2022 202

A. Individual Tax Extenders

1. Above-the-line deduction of up to $250 for teacher

classroom expenses (sunset 12/31/16)...................................... tyba 12/31/14 -255 -179 --- --- --- --- --- -

2. Discharge of indebtedness on principal residence excluded

from gross income of individuals (sunset 12/31/16)................. doia 12/31/14 -3,341 -1,781 --- --- --- --- --- -

3. Parity for exclusion from income for employer-provided

mass transit and parking benefits (sunset 12/31/16) [1]............ ma 12/31/14 -154 -34 --- --- --- --- --- -

4. Mortgage insurance premiums treated as qualified residence

interest (sunset 12/31/16).......................................................... apoaa 12/31/14 -1,314 -1,004 --- --- --- --- --- -

5. Deduction for State and local general sales taxes (sunset

12/31/16)................................................................................... tyba 12/31/14 -3,489 -2,967 -240 --- --- --- --- -

6. Contributions of capital gain real property made for

conservation purposes (sunset 12/31/16).................................. cmi tyba 12/31/14 -75 -53 -12 -2 -6 -18 -25 -2

7. Above-the-line deduction for qualified tuition and related

expenses (sunset 12/31/16)....................................................... tyba 12/31/14 -360 -248 --- --- --- --- --- -

8. Tax-free distributions from IRAs to certain public charities

for individuals age 70-1/2 or older, not to exceed $100,000per taxpayer per year (sunset 12/31/16).................................... dmi tyba 12/31/14 -846 -488 -54 -58 -61 -64 -67 -7

B. Business Tax Extenders

1. Research credit (sunset 12/31/16)............................................. apoia 12/31/14 -7,869 -3,488 -2,176 -1,930 -1,685 -1,439 -1,272 -1,222. Minimum LIHTC rate for non-Federally subsidized new

buildings (9%) (sunset 12/31/16).............................................. 1/1/15 [2] [2] -1 -1 [2] [2] --- -

3. Military housing allowance exclusion for determining area

median gross income (sunset 12/31/16).................................... ido/a 1/1/15 -1 -2 -4 -5 -6 -6 -5 -

4. Indian employment tax credit (sunset 12/31/16)....................... tyba 12/31/14 -74 -40 -11 -1 --- --- --- -5. New markets tax credit (sunset 12/31/16)................................. cyba 12/31/14 -5 -28 -92 -175 -227 -259 -287 -296. Railroad track maintenance credit (sunset 12/31/16)................ epoii tyba 12/31/14 -286 -138 [2] --- --- --- --- -7. Mine rescue team training credit (sunset 12/31/16).................. tyba 12/31/14 -2 -1 [2] [2] [2] [2] --- -8. Employer wage credit for activated military reservists

(sunset 12/31/16)....................................................................... pma 12/31/14 -1 -1 --- --- --- --- --- -

ESTIMATED REVENUE EFFECTS OF THE CHAIRMAN'S MARK OF

Fiscal Years 2016 - 2025

[Millions of Dollars] 

A BILL TO EXTEND CERTAIN EXPIRING PROVISIONS

SCHEDULED FOR MARKUP BY THE COMMITTEE ON FINANCE ON JULY 21, 2015
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Provision Effective 2016 2017 2018 2019 2020 2021 2022 202

9. Work opportunity tax credit (sunset 12/31/16).......................... iwbwftea 12/31/14 -1,340 -833 -329 -141 -103 -94 -46 -3

10. Qualified zone academy bonds (sunset 12/31/16)..................... oia 12/31/14 -1 -5 -14 -25 -31 -31 -30 -211. Classification of certain race horses as 3-year property

(sunset 12/31/16)....................................................................... ppisa 12/31/14 -95 -72 -14 26 39 44 39 2

12. 15-year straight-line cost recovery for qualified leasehold

improvements, qualified restaurant buildings andimprovements, and qualified retail improvements (sunset12/31/16) [3]............................................................................. ppisa 12/31/14 -350 -495 -562 -553 -533 -509 -504 -50

13. 7-year recovery period for motorsports entertainment

complexes (sunset 12/31/16) [4]............................................... ppisa 12/31/14 -20 -24 -20 -13 -9 -8 -6 -

14. Accelerated depreciation for business property on an

Indian reservation (sunset 12/31/16)......................................... ppisa 12/31/14 -218 -143 -34 32 67 75 51 1

15. Bonus depreciation:

a. Additional first-year depreciation for 50% of basis ppisa  of qualified property (sunset 12/31/16) [5].......................... 12/31/14 ityeasd -90,449 3,162 30,862 19,994 14,563 9,619 5,115 2,42b. Election to accelerate AMT credit in lieu of bonus ppisa  depreciation (sunset 12/31/16)............................................. 12/31/14 ityeasd -107 -66 -54 -63 -68 -63 -51 -3

16. Enhanced charitable deduction for contributions of food

inventory (sunset 12/31/16)....................................................... cma 12/31/14 -156 -106 --- --- --- --- --- -

17. Increased expensing limitations and treatment of certain real

property as section 179 property (sunset 12/31/16)................... tyba 12/31/14 -21,919 -1,194 7,293 4,619 3,342 2,254 1,220 59

18. Election to expense mine safety equipment (sunset

12/31/16)................................................................................... ppisa 12/31/14 -24 1 6 5 4 3 3 

19. Special expensing rules for certain film and television

productions (sunset 12/31/16)................................................... pca 12/31/14 -378 -68 111 92 56 43 36 3

20. Deduction allowable with respect to income attributable

to domestic production activities in Puerto Rico (sunset12/31/16)................................................................................... tyba 12/31/14 -154 -80 --- --- --- --- --- -

21. Modification of tax treatment of certain payments under

existing arrangements to controlling exempt organizations(sunset 12/31/16)....................................................................... proaa 12/31/14 -30 -4 --- --- --- --- --- -

22. Treatment of certain dividends of RICs (sunset 12/31/16)........ [7] -176 -32 --- --- --- --- --- -23. Treatment of RICs as "qualified investment entities"

under section 897 (FIRPTA) (sunset 12/31/16)........................ 1/1/15 -86 -16 --- --- --- --- --- -

24. Exception under subpart F for active financing income

(sunset 12/31/16)....................................................................... [8] -9,975 -3,475 --- --- --- --- --- -

25. Look-through treatment of payments between related CFCs

under foreign personal holding company income rules (sunset12/31/16)................................................................................... [8] -2,296 -428 --- --- --- --- --- -

26. Exclusion of 100 percent of gain on certain small business

stock (sunset 12/31/16)............................................................. saa 12/31/14 17 13 --- --- -232 -1,563 -1,403 -
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27. Basis adjustment to stock of S corporations making

charitable contributions of property (sunset 12/31/16).............. cmi tyba 12/31/14 -73 -27 -2 --- --- --- --- -

28. Reduction in S corporation recognition period for 

built-in gains tax (sunset 12/31/16)........................................... tyba 12/31/14 -285 -129 -2 -2 -1 --- --- -

29. Empowerment zone tax incentives (sunset 12/31/16)............... pa 12/31/14 -379 -154 -25 -16 -11 -10 -10 -30. Temporary increase in limit on cover over of rum excise tax

revenues (from $10.50 to $13.25 per proof gallon) to PuertoRico and the Virgin Islands (sunset 12/31/16) [9] [10]............. abiUSa 12/31/14 -308 -28 --- --- --- --- --- -

31. American Samoa economic development credit

(sunset 12/31/16)....................................................................... tyba 12/31/14 -28 -5 --- --- --- --- --- -

C. Energy Tax Extenders

1. Credit for section 25C nonbusiness energy property (sunset

12/31/16)................................................................................... ppisa 12/31/14 -826 -505 --- --- --- --- --- -

2. Second generation biofuel producer credit (sunset

12/31/16)................................................................................... fpa 12/31/14 -30 -15 --- --- --- --- --- -

3. 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 12/31/16)........................... saua 12/31/14 -2,210 -353 --- --- --- --- --- -

b. Income tax credits for renewable diesel fuel and renewable diesel used to produce a qualified mixture (sunset 12/31/16).................................................... saua 12/31/14c. Excise tax credits and outlay payments for biodiesel fuel mixtures (sunset 12/31/16)............................. saua 12/31/14d. Excise tax credits and outlay payments for

 renewable diesel fuel mixtures (sunset 12/31/16)................. saua 12/31/14

4. Credit for the production of Indian coal

(sunset 12/31/16)....................................................................... cpa 12/31/14 -39 -17 -9 -6 -3 -1 --- -

5. Beginning-of-construction date for renewable power

facilities eligible to claim the electricity productioncredit or investment credit in lieu of the productioncredit (sunset 12/31/16)............................................................. 1/1/15 --- -109 -456 -899 -1,200 -1,393 -1,521 -1,60

6. Credit for construction of energy-efficient new homes

(sunset 12/31/16)....................................................................... haa 12/31/14 -361 -139 -68 -60 -52 -45 -28 -

7. Special allowance for second generation biofuel plant

property (sunset 12/31/16)........................................................ ppisa 12/31/14 -6 -1 2 1 1 1 1 [6

8. Energy efficient commercial buildings deduction (sunset

12/31/16)................................................................................... ppisa 12/31/14 -301 -61 87654

9. Special rule for sales or dispositions to implement Federal

Energy Regulatory Commission (“FERC”) or State electricrestructuring policy for qualified electric utilities (sunset12/31/16)................................................................................... da 12/31/14 -597 -48 110 110 110 110 110 11

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Estimate Included in Item C.3.a. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Estimate Included in Item C.3.a. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Estimate Included in Item C.3.a. - 
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10. Excise tax credits and outlay payments for alternative fuel,

and excise tax credits for alternative fuel mixtures (includingextensions for liquefied hydrogen) (sunset 12/31/16)............... fsoua 12/31/14 -794 -124 --- --- --- --- --- -

11. Credit for alternative fuel vehicle refueling property

(non-hydrogen) (sunset 12/31/16)............................................. ppisa 12/31/14 -81 -24 -7 -4 -2 11

12. Alternative motor vehicle credit for qualified fuel cell motor

vehicles (sunset 12/31/16)......................................................... ppa 12/31/14 -5 -1 --- --- --- --- --- -

13. Credit for two-wheeled plug-in electric vehicles

(sunset 12/31/16)....................................................................... vaa 12/31/14 -3 -1 [2] [2] --- --- --- -

 NET TOTAL ................................................................................................ -152,154 -16,059 34,205 20,932 13,958 6,651 1,324 -63

Joint Committee on Taxation -------------------------------------- NOTE: Details may not add to totals due to rounding. The date of enactment is assumed to be October 1, 2015.Legend for "Effective" column: 

abiUSa = articles brought into the United States after epoii = expenses paid or incurred in apoaa = amounts paid or accrued after fpa = fuel produced after apoia = amounts paid or incurred after fsoua = fuel sold or used after cma = contributions made after haa = homes acquired after cmi = contributions made in ido/a = income determinations on or after cpa = coal produced after ityeasd = in taxable years ending after such date cyba = calendar years beginning after iwbwftea = individuals who begin work for the employer after da = dispositions after ma = months after dmi = distributions made in oia = obligations issued after doia = discharge of indebtedness after pa = periods after

[1] Estimate includes the following effects: 2016 2017 2018 2019 2020 2021 2022 202

Total Revenue Effects........................................................................... -154 -34 --- --- --- --- --- -

On-budget effects............................................................................... -101 -22 --- --- --- --- --- -Off-budget effects.......................................................................... -53 -12 --- --- --- --- --- -

[2] Loss of less than $500,000.[3] Estimate includes interaction with section 179 and bonus depreciation.[4] Estimate includes interaction with bonus depreciation.[5] Estimate includes interaction with section 179.[6] Gain of less than $500,000.[7] Effective for dividends paid with respect to any taxable year of regulated investment companies beginning after December 31, 2014.

[8] Effective for taxable years of foreign corporations beginning after December 31, 2014, and for taxable years of U.S. shareholders with or within which such taxable years of su[9] Estimate provided by the Congressional Budget Office.

[10] Estimate includes the following outlay effects: 2016 2017 2018 2019 2020 2021 2022 202

Increase in limit on cover over of rum excise tax revenues to Puerto Rico

and the Virgin Islands [9]........................................................................... 308 28 --- --- --- --- --- -