On Tuesday, July 21st, the Senate Committee on Finance scheduled a markup of a bill to extend several dozen expired tax provisions. (View the session here.) See the document below for a description of the Chairman’s mark with respect to these expired tax provisions. The tax extenders legislation will provide for a two year extension on:
- New Market Tax Credit (see page 24)
- 45L Tax Credit for Energy Efficient Homes (see page 88)
- 179D Tax Deduction (see see page 91)
Additional Items:
- Research Credit (see page 18)
- Bonus Depreciation (see page 46)
- Expensing limitations and treatment of certain real property as section 179 property (see page 53)
D o w n l o a d t h e f u l l E x t e n d e r s M a r k-u p d o c u m e n t h e r e
prepared by the staff of the Joint Committee on Taxation
File Name: JCX-101-15-Extenders-Markup.pdf
