S. 2256 · 115th Congress
Tax Extender Act of 2017
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
HatchSponsor5 cosponsors · 5 R
5 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill amends the Internal Revenue Code to extend various expiring tax deductions, credits, and rules.
What it does: CRS summary · Introduced in Senate · Dec 20, 2017
Tax Extender Act of 2017
This bill amends the Internal Revenue Code to extend various expiring tax deductions, credits, and rules.
The bill extends tax credits relating to:
- Indian employment,
- railroad track maintenance,
- mine rescue team training,
- qualified zone academy bonds,
- American Samoa economic development,
- nonbusiness energy property,
- new fuel cell motor vehicles,
- two-wheeled plug-in electric vehicles,
- alternative fuel vehicle refueling property,
- second generation biofuel producers,
- biodiesel and renewable diesel,
- Indian coal facilities,
- facilities producing energy from renewable resources,
- energy efficient new homes, and
- alternative fuels.
The bill extends and modifies the tax credits for:
- residential energy property,
- investments in energy property,
- production from advanced nuclear power facilities, and
- carbon dioxide sequestration.
The bill also extends provisions relating to:
- the tax exclusion for the discharge of principal residence indebtedness;
- the treatment of mortgage insurance premiums as qualified residence interest;
- deductions for tuition and related expenses, income attributable to domestic production activities in Puerto Rico, and energy efficient commercial buildings;
- depreciating or expensing various types of property;
- timber gains;
- empowerment zones;
- the cover over of rum excise taxes to Puerto Rico and the Virgin Islands;
- sales or dispositions to implement electric restructuring policies for electric utilities; and
- the oil spill liability trust fund.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Tax Extender Act of 2017
Latest action (Dec 20, 2017): Read twice and referred to the Committee on Finance.
Policy area: Taxation · Origin: Senate · Introduced: Dec 20, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.