Tax Revision Act of 2005

Summary

Tax Revision Act of 2005 - Amends the Internal Revenue Code to extend through 2006 the: (1) election to include combat zone compensation as earned income for purposes of calculating the earned income tax credit; (2) increased cover over (payment) of distilled spirits excise tax to the Treasuries of Puerto Rico and the Virgin Islands; (3) authority for certain Internal Revenue Service (IRS) undercover investigative operations; and (4) authority to disclose tax return information for combined employment tax reporting, for combating terrorist activities, and for student loan repayments. Extends eligibility for the tax deduction for domestic production activities to such activities in Puerto Rico. Grants a limited federal guarantee of bonds issued by the states of Alabama, Louisiana, or Mississippi for Hurricane Katrina relief. Allows a taxpayer election to base eligibility for the earned income and child tax credit on earned income reported in a year preceding the year of Hurricanes Rita and Wilma. Authorizes the Secretary of the Treasury to adjust the application of tax laws to prevent taxpayers affected by Hurricanes Rita or Wilma from losing certain tax benefits. Expresses the sense of Congress that the Secretary should designate a series of bonds as Gulf Coast Recovery Bonds in response to Hurricanes Katrina, Rita, and Wilma.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 15 November 2005

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 15 November 2005

   Introduced

   Introduced in House

   Source: IntroReferral

3. 15 November 2005

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 15 November 2005 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 15 November 2005

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 15 November 2005

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 15 November 2005

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Thomas, William M. [R-CA-21] · R · Sponsor
• Rep. Shaw, E. Clay, Jr. [R-FL-22] · R · Cosponsor
• Rescom. Fortuno, Luis G. [R-PR-At Large] · R · Cosponsor
• · hswm00 · Standing

Related records

• related to ← Tax Increase Prevention and Reconciliation Act of 2005
• related to ← Tax Revision Act of 2005
• related to ← Tax Relief Act of 2005