•HRES 467 EH
PROPOSED TAX AND FEE INCREASES—Continued
(Millions of dollars)
2000–05
I. PROPOSED TAX INCREASES
H. Pension Provisions
1. Increase elective withholding rate for nonperiodic distributions
from deferred compensation plans ...............................................
2. Increase section 4973 excise tax on excess IRA contributions ...
3. Impose limitation on prefunding of welfare benefits ...................
873
4. Subject signing bonuses to employment taxes .............................
5. Clarify employment tax treatment of choreworkers employed by
State welfare agencies ..................................................................
RS 2
6. Prohibit IRAs from investing in foreign sales corporations ........
126
I. Compliance Provisions
1. Modify the substantial understatement penalty for large cor-
porations .......................................................................................
2. Repeal exemption for withholding on certain gambling winnings
3. Require information reporting for private separate accounts .....
NR 1
4. Increase penalties for failure to file correct information returns
J. Miscellaneous Revenue-Increasing Provisions
1. Modify deposit requirement for Federal Unemployment Tax Act
(‘‘FUTA’’) ....................................................................................
1,367
2. Reinstate Oil Spill Liability Trust Fund excise tax and increase
trust fund ceiling to $5 billion (through 9/30/10) .......................
1,022
3. Repeal percentage depletion for non-fuel minerals mined on
Federal and formerly Federal lands ............................................
410
4. Impose excise tax on purchase of structured settlements ...........
5. Require taxpayers to include rental income of residence in in-
come without regard to period of rental ......................................
6. Eliminate installment payment of heavy vehicle use tax .............
320
7. Require recognition of gain from the sale of a principal resi-
dence if acquired in a like-kind exchange within 5 years of the
sale ...............................................................................................
K. International Provisions
1. Require reporting of payments to, and restrict tax benefits for
income flowing through, identified tax havens .............................
100
2. Modify treatment of built-in losses and other attribute traf-
ficking ...........................................................................................
524
3. Simplify taxation of property that no longer produces income
effectively connected with a U.S. trade or business .....................
NR 1
4. Impose mark-to-market tax on individuals who expatriate .........
500
5. Expand U.S.-effectively connected income rules to include more
foreign-source income ...................................................................
6. Limit basis step-up for imported pensions ..................................
7. Replace sales-source rules with activity-based rules ....................
7,828
8. Modify rules relating to foreign oil and gas extraction income ...
1,151
9. Recapture overall foreign losses when controlled foreign cor-
poration stock is disposed ............................................................
10. Modify foreign office material participation exception applica-
ble to certain inventory sales .......................................................
•HRES 467 EH
PROPOSED TAX AND FEE INCREASES—Continued
(Millions of dollars)
2000–05
II. PROPOSED FEE INCREASES
L. Other Provisions Requiring Amendment of the Inter-
nal Revenue Code
1. Hazardous Substance Superfund Taxes:
a. Reinstate environmental tax imposed on corporate taxable
income and deposited in the Hazardous Substance Super-
fund ......................................................................................
3,600
b. Reinstate excise taxes deposited in the Hazardous Sub-
stance Superfund ..................................................................
3,853
2. Convert a portion of the excise taxes deposited in the Airport
and Airway Trust Fund to cost-based user fees (Administra-
tion’s estimate) .............................................................................
6,667
3. Increase excise taxes on tobacco products ...................................
37,313
4. Repeal harbor maintenance excise tax and authorize imposition
of cost-based harbor services user fee ..........................................
¥2,742
5. Accelerate rum excise tax coverover payments to Puerto Rico
and the U.S. Virgin Islands .........................................................
—
6. Restore Premiums for United Mine Workers of American ben-
efit fund ........................................................................................
Total: Provisions increasing revenue .......................................
88,946
II. PROPOSED FEE INCREASES
A. Proposals for Discretionary User Fees
1. Offsetting collections deposited in appropriation ac-
counts
Department of Agriculture:
Food Safety Inspection Service fees ................................................
3,098
Animal and Plant Health Inspection Service ..................................
Grain Inspection, Packers and Stockyards Administration .............
115
Department of Commerce:
National Oceanic and Atmospheric Administration, Navigational
assistance fees ..............................................................................
Fisheries management fees ..............................................................
100
Department of Health and Human Services:
Food and Drug Administration fees ................................................
Health Care Financing Administration fee proposals:
Managed care application and renewal fees .....................................
105
Provider initial certification fees ......................................................
Provider recertification fees .............................................................
250
Paper claims submission fees ...........................................................
415
Duplicate and unprocessable claims fees .........................................
265
Increase Medicare+Choice fees .......................................................
646
Nursing home criminal abuse registry fee .......................................
Department of the Interior:
User fees on Outer Continental Shelf lands ....................................
Department of Justice:
Hart-Scott Rodino pre-merger filing fees ........................................
190
Department of Transportation:
Coast Guard, navigational services fees ...........................................
2,826
•HRES 467 EH
PROPOSED TAX AND FEE INCREASES—Continued
(Millions of dollars)
2000–05
II. PROPOSED FEE INCREASES
Federal Railroad Administration, rail safety inspection fees ..........
515
Hazardous materials transportation safety fees ..............................
Surface Transportation Board fees .................................................
Department of the Treasury:
Customs, automation modernization fee ..........................................
1,050
Federal Trade Commission:
Hart-Scott Rodino pre-merger filing fees ........................................
190
National Transportation Safety Board:
Commercial accident investigation fees ............................................
2. Offsetting collections deposited in receipt accounts
Department of Justice:
Immigration premium processing fee ...............................................
Increase inspection user fees ...........................................................
835
Department of Transportation:
Pipeline safety fees ...........................................................................
Environmental Protection Agency:
Pesticide registration fees ................................................................
Pre-manufacture notice (PMN) fees ................................................
Nuclear Regulatory Commission:
Extend Nuclear Regulatory Commission user fees ..........................
1,475
Subtotal, proposals for discretionary user fees ........................
12,856
B. Proposed Fee Increases to Offset Mandatory Spend-
ing
1. Offsetting collections deposited in appropriation ac-
counts
Department of Agriculture:
Federal crop insurance ....................................................................
Department of Labor:
Implement alien labor certification fees ...........................................
626
Federal Emergency Management Agency:
Flood map license fee for flood map modernization ........................
546
2. Offsetting collections deposited in receipt accounts
Department of Agriculture:
Recreation and entrance fees ...........................................................
162
Concession, land use, right of way, and filming permits .................
Department of Health and Human Services:
Medicare premiums ..........................................................................
1,446
Department of the Interior:
Recreation and entrance fees ...........................................................
297
Filming and special use permits fees ...............................................
Hardrock mining production fees ....................................................
Department of the Treasury:
Customs, extend conveyance/passenger fee ......................................
889
Customs, extend merchandise processing fee ..................................
2,095
•HRES 467 EH
PROPOSED TAX AND FEE INCREASES—Continued
(Millions of dollars)
2000–05
II. PROPOSED FEE INCREASES
Subtotal user fee proposals to offset mandatory spending ......
6,287
Total user fee proposals ................................................................
19,143
1 Negligible or no revenue effect.
2 Requires specification.
Attest:
Clerk.