The Senate Finance Committee has reported to the Senate a bill—the Tax Relief Extension Act of 2015 (S. 1946)—approved by the committee on July 21. The bill would extend, for two years, the 51 tax preference provisions that expired in 2014 and one provision that expired in 2013.
The statutory language is now available. Read S. 1946 [PDF 349 KB]
Among the provisions that would be extended are:
The bill has been placed on the Senate legislative calendar, but it is uncertain when it might be considered by the Senate.
Read a fuller discussion of the provisions and about previous Finance Committee action:TaxNewsFlash-United States
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