Roth Releases Modified Chairman's Mark Relating to the Extension of Expiring Tax Provisions
WASHINGTON - Senate Finance Committee Chairman William V. Roth, Jr. (R-DE) today released the modification to his Chairman's mark relating to the extension of expiring tax provisions ("extenders").
The modification includes Research and Experimentation tax credit extension, Alternative Minimum Tax ("AMT") relief, tax-free treatment of employer-provided educational assistance, work opportunity tax credit, welfare-to-work tax credit and extension of tax credit for electricity produced from wind and closed-loop biomass, an increase in the amount of rum excise tax that is covered over to Puerto Rico and the U.S. Virgin Islands, and other expiring provisions. The modified package provides for extension of provisions through December 31, 2000.
A copy of the Joint Committee on Taxation revenue table, JCX-74-99, is attached.
A mark up of the modified proposal is scheduled for tomorrow, Wednesday, October 20, 1999 at 10:00 a.m. in room 215 of the Dirksen Senate Office Building.
Next Article Previous Article