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Cross Comparison of HR8 Exemptions and Estimates of Revenue Loss from the Dec. 2010 "Joint Committee on Taxation" report JCX-54-10
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HR-8 SectionSECTIONSECITEMCODENOTE20112012201320142015201620172018201920205 YEAR10 YEAR
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IV.IV. Temporary Extension of Investment Incentives
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3311.1. Increase additional first-year depreciation to100 percent (sunset 12/31/11); extend 50 percentadditional first-year depreciation for propertyplaced in service after 12/31/11 (sunset 12/31/12)ppisa-55,419-54,4222,68725,51919,77815,67111,1617,0714,2972,775-61,857-20,883
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3312.2. Election to accelerate AMT credit inlieu of additional first-year depreciation (sunset12/31/12)....[4]-11-536-21237291913976-693-639
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3153.3. Section 179 expensing amounts and thresholdlimits $125,000/ $500,000 (sunset 12/31/12)....tyba----3,266-2,1601,7911,131822636401227110-2,504-307
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V.V. Temporary Extension of Unemployment Insurance
various
-34,515-21,642-100-102-76-41-29-4-56,435-56,510
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VI.VI. Temporary Payroll Tax Reduction
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expiredA.VI. Temporary Payroll Tax Reduction (Employee Side ofOASDI) by 2 Percentage Points (sunset 12/31/11) [6]tyba-67,239-44,414-111,653-111,653
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VII.VII. Temporary Extension of Certain Expiring Provisions
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A.A. Energy
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4051.1. Incentives for biodiesel and renewable diesel (sunset12/31/11)....fsoua-1,677-300-------------------------1,977-1,977
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2.2. Placed-in-service date for facilities eligible to claimthe refined coal production credit (excluding steelindustry fuel) (sec. 45(d)) (sunset 12/31/11)ppisa-15-20-23-24-24-24-25-26-26-24-105-230
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4083.3. Credit for construction of energy efficient newhomes (sunset 12/31/11).haa-66-25-12-11-9-8-5-1-------124-138
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4.4. Incentives for alternative fuel and alternativefuel mixtures (modified to exclude black liquor)(sunset 12/31/11)..fsoua-176-26-------------------------202-202
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4115.5. Special rule to implement electric transmissionrestructuring (sunset 12/31/11).da-232-9251515151515118----171---
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6.6. Extension of suspension of 100 percent-of-netincomelimitation on percentage depletion for oiland natural gas from marginal properties (sunset12/31/11)....tyba-182-42-------------------------224-224
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7.7. Grants for specified energy property in lieu of taxcredits (sunset 12/31/11) [1]ppisa-1,941-1,045-------------------------2,987-2,987
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8.8. Extension of provisions related to alcohol used as fuel
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a.a. Extension of income tax credits for alcohol fuels;and extension of excise tax credits and outlaypayments for alcohol fuel mixtures (sunset pa 12/31/10 &12/31/11)....saua-3,558-1,311-------------------------4,869-4,869
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412b.b. Extension of additional duties on ethanol(sunset 12/31/11) [5].83------------------------1010
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4099.9. Credit for energy efficient appliances (sunset12/31/11)....apa-7-17-14-9-8-6-5-4-4-3-55-78
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10.10. Extension and modification of section 25Cnonbusiness energy property (sunset 12/31/11)ppisa-119-477-------------------------596-596
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40211.11. Alternative fuel vehicle refueling property(non-hydrogen refueling property) (sunset12/31/11)....ppisa-7-6-2-1-1[7][7][7][7][7]-17-16
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B.B. Individual Tax Relief
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2011.1. Above-the-line deduction of up to $250 forteacher classroom expenses (sunset 12/31/11)..tyba-39-195-156----------------------390-390
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2052.2. Deduction of State and local general sales taxes(sunset 12/31/11)..tyba-2,829-2,393-314----------------------5,536-5,536
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2063.3. Contributions of capital gain real property made for cmityba-63-48-------------------------111-111
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2074.4. Deduction for qualified tuition and relatedexpenses (sunset 12/31/11) [8].tyba-711-450-------------------------1,161-1,161
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2085.5. Tax-free distributions from IRAs to certain publiccharities for individuals age 70 1/2 or older, not toexceed $100,000 per taxpayer per year; distributionsmade in January 2011 may count against the 2010$100,000 limit and satisfy the 2010 minimumdistribution requirement (sunset 12/31/11)..
dmi
tyba-517-197-29-30-31-32-34-35-36-38-804-979
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6.6. Estate tax look-through for certain RIC stockheld by nonresidents (sunset 12/31/11)...dda-5-5-------------------------10-10
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2037.7. Parity for exclusion for employer-provided masstransit and parking benefits (sunset 12/31/11) [9]..ma-102-34-------------------------136-136
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8.8. Refunds disregarded in the administration of Federalprograms and federally assisted programs (sunset12/31/12) [1] [5]...ara-4-4-------------------------8-8
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C.C. Business Tax Relief
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3011.1. Tax credit for research and experimentation expenses (sunset 12/31/11).apoia-5,984-2,055-923-813-715-631-575-547-530-501-10,490-13,272
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3042.2. Indian employment tax credit (sunset 12/31/11)....tyba-59-33-9-1-------------------102-102
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3053.3. New markets tax credit ($3.5 billion allocation for2010 and $3.5 billion allocation for 2011) (sunset12/31/11)....cyba-5-29-94-180-221-252-279-288-267-194-530-1,810
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3064.4. 50% tax credit for certain expenditures for epoidmaintaining railroad tracks (sunset 12/31/11)...tyba-232-99[2]----------------------331-331
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3075.5. Mine rescue team training credit (sunset 12/31/11).. tyba-2-1-1
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3086.6. Employer wage credit for activated militaryreservists (sunset 12/31/11).pma-2-1[2][2][2][2][2][2][2][2]-3-3
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3117.7. 15-year straight-line cost recovery for qualifiedleasehold, restaurant, and retail improvements andnew restaurants (sunset 12/31/11).ppisa-281-359-397-395-389-385-380-369-350-324-1,821-3,629
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3128.8. 7-year recovery period for certain motorsportsracing track facilities (sunset 12/31/11)..ppisa-40-3-1-------11333-45-36
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3139.9. Accelerated depreciation for business propertyon Indian reservations (sunset 12/31/11)ppisa-98-235172722121-2-1-72-41
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31410.10. Enhanced charitable deduction for contributionsof food inventory (sunset 12/31/11)...cma-92-42-------------------------134-134
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11.11. Enhanced charitable deduction for contributions ofbook inventories to public schools (sunset12/31/11)....cma-37-16-------------------------53-53
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12.12. Enhanced charitable deduction for corporatecontributions of computer inventory for educationalpurposes (sunset 12/31/11)..
cmd
tyba-245-105-------------------------350-350
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31613.13. Election to expense mine safety equipment (sunset12/31/11)....ppisa-201543321[7]----7-1
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31714.14. Special expensing rules for certain film andtelevision productions (sunset 12/31/11)
qfatpca
-162-1583945342923211612-202-101
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15.15. Expensing of "Brownfields" environmentalremediation costs (sunset 12/31/11)...epoia-493-536-6683918677675750-921-583
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31816.16. Deduction allowable with respect to incomeattributable to domestic production activitiesin Puerto Rico (sunset 12/31/11)...tyba-229-186-------------------------415-415
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31917.17. Modify tax treatment of certain paymentsunder existing arrangements to controllingexempt organizations (sunset 12/31/11)..proaa-34-5-------------------------40-40
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32018.18. Treatment of certain dividends of regulatedinvestment companies ("RICs") (sunset 12/31/11)[10]-108-66-------------------------174-174
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32119.19. Extend the treatment of RICs as "qualifiedinvestment entities" under section 897 (FIRPTA)(sunset 12/31/11)..-23-36-------------------------59-59
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32220.20. Exception under subpart F for active financingincome (sunset 12/31/11)....tyba-5200-3957-------------------------9157-9157
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32321.21. Look-through treatment of payments betweenrelated CFCs under foreign personal holdingcompany income rules (sunset 12/31/11)tyba-814-691-------------------------1505-1505
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32522.22. Basis adjustment to stock of S corporationsmaking charitable contributions of property(sunset 12/31/11)..
cmi
tyba-19-36-6-3-3-3-3-3-3-3-67-82
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32723.23. Empowerment zone tax incentives (sunset12/31/11)....pa-330-4631----4-1-4-4-4-371-387
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24.24. Tax incentives for investment in the Districtof Columbia (sunset 12/31/11).pa-88-21-2-1-4-7-4-4-4-4-116-138
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32925.25. Temporary increase in limit on cover over of rumexcise tax revenues (from $10.50 to $13.25per proof gallon) to Puerto Rico and the VirginIslands (sunset 12/31/11) [11]..
abiUSa
-235-27-------------------------262-262
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33026.26. Economic development credit for AmericanSamoa (sunset 12/31/11)tyba-15-12-------------------------27-27
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30927.Work opportunity tax credit (sunset 12/31/11)......
wpoifibwa
[2]-131-16-8-5-2-------------160-162
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31028.28. Qualified zone academy bonds ($400 millionallocation) (sunset 12/31/11)....oia[2]-3-8-16-21-22-22-21-19-19-48-151
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20429.29. Premiums for mortgage insurance deductible asinterest that is qualified residence interest (sunset12/31/11)....apoaa-261-87-------------------------348-348
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32430.30. Special rules applicable to qualified smallbusiness stock (sunset 12/31/11)...saa156-------62-768-420-97-74-47-40-1445
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D.D. Temporary Disaster Relief Provisions
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3281.1. New York Liberty Zone - tax-exempt bond financing(sunset 12/31/11)..bia-8-12-12-12-12-12-12-12-12-12-56-116
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2.2. GO Zone:
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a.a. Increase in rehabilitation credit (sunset12/31/11)....apoia-39-21[2]1112221-58-50
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b.b. Extend the placed-in-service deadline for GOZone low-income housing credits (sunset12/31/11)....ppisa-8-34-34-34-34-34-34-34-34-34-144-314
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c.c. Tax-exempt bond financing (sunset 12/31/11)...DOE-18-26-26-26-26-25-25-25-25-100-226
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d.d. Bonus depreciation for specified GO Zoneextension property (sunset 12/31/11).ppisa-171-61-4-1246777-234-202
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Tax Provisions
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