PoliticalRepoPoliticalRepo

United States · Bill · S

S. 1912 (99th)

A bill to provide for a 6-month extension of certain temporary provisions relating to the Internal Revenue Code of 1954.

openUnited States· United States Congress· EN

Introduced

9 December 1985

Last action

25 March 1986 · Floor

Status

Indefinitely postponed by Senate by Unanimous Consent.

Sponsors

Sen. Danforth, John C. [R-MO], Sen. Bentsen, Lloyd M. [D-TX], Sen. Moynihan, Daniel Patrick [D-NY], Sen. Hatfield, Mark O. [R-OR], Sen. Heinz, John [R-PA], Sen. Long, Russell B. [D-LA], Sen. Wallop, Malcolm [R-WY], Sen. Pryor, David H. [D-AR], Sen. Matsunaga, Spark M. [D-HI], Sen. Durenberger, Dave [R-MN], Chuck Grassley, Rep. Symms, Steven D. [R-ID-1], Sen. Roth Jr., William V. [R-DE], Rep. Baucus, Max [D-MT-1], Sen. Boren, David L. [D-OK], Sen. Mitchell, George J. [D-ME], Sen. Chafee, John H. [R-RI], Rep. Armstrong, William L. [R-CO-5], Sen. Kerry, John F. [D-MA], Sen. Levin, Carl [D-MI], Sen. Hawkins, Paula [R-FL], Sen. D'Amato, Alfonse [R-NY], Sen. Thurmond, Strom [R-SC], Sen. Riegle, Donald W., Jr. [D-MI], Rep. Simon, Paul [D-IL-24], Sen. Gorton, Slade [R-WA], Sen. Bumpers, Dale [D-AR], Sen. Mattingly, Mack [R-GA], Sen. Exon, J. James [D-NE], Sen. Denton, Jeremiah [R-AL], Sen. Stennis, John C. [D-MS], Sen. Bingaman, Jeff [D-NM], Rep. Dodd, Christopher J. [D-CT-2], Sen. Evans, Daniel J. [R-WA], Sen. Kennedy, Edward M. [D-MA], Sen. Hollings, Ernest F. [D-SC], Sen. Heflin, Howell [D-AL], Rep. Kasten, Robert W., Jr. [R-WI-9], Sen. DeConcini, Dennis [D-AZ], Sen. Sasser, Jim [D-TN], Sen. Zorinsky, Edward [D-NE], Sen. Laxalt, Paul D. [R-NV], Sen. Cranston, Alan [D-CA], Sen. Garn, E. J. (Jake) [R-UT], Sen. Domenici, Pete V. [R-NM], Rep. Harkin, Tom [D-IA-5], Sen. Dixon, Alan J. [D-IL], Sen. Gore, Albert, Jr. [D-TN]

Subjects

Taxation

Source updated

3 January 2025

Taxation

Official sourceView documentsShare

Summary

Amends the Deficit Reduction Act of 1984 to extend from August 1, 1985, until June 30, 1986, the special rules concerning the allocation of research and experimental expenditures to income from sources within the United States. Amends the Internal Revenue Code to extend from December 31, 1985, until June 30, 1986, the income tax credit for increased research and experimental expenditures. Extends from December 31, 1985, until June 30, 1986, the income tax deduction for expenditures to remove architectural and transportation barriers to the handicapped and elderly. Extends from December 31, 1985, until June 30, 1986, the moratorium on net operating loss carryover rules. Extends from January 1, 1986, until July 1, 1986, the moratorium on the issuance of regulations relating to faculty housing. Extends the targeted jobs income tax credit from December 31, 1985, until June 30, 1986. Extends the authorization for appropriations for administrative and publicity expenses through FY 1986. Extends from December 31, 1985, through June 30, 1986, provisions relating to the awarding of attorney's fees to a prevailing taxpayer in a Federal tax case. Extends from December 31, 1985, until June 30, 1986, the limited income tax exclusion for employer-provided educational assistance. Extends from December 31, 1985, until June 30, 1986, the income tax exclusion for amounts received under qualified group legal services plans. Extends from January 1, 1986, until July 1, 1986, the income tax exclusion for certain employer-provided commuting transportation. Extends from December 31, 1985, until June 30, 1986, the limited exclusion of dividends from a public utility that are reinvested in common stock of the utility. Extends from December 31, 1985, (until June 30, 1986, the investment tax credit for specified types of energy property. Extends from December 31, 1985, until June 30, 1986, the residential energy income tax credit. Extends from December 31, 1985, until June 30, 1986, social security coverage of retired Federal judges on active duty.

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

Timeline

  1. 9 December 1985

    Introduced

    Introduced in Senate

    Source: IntroReferral

  2. 9 December 1985

    Introduced

    Received in the Senate and referred to the Committee on Finance.

    Source: IntroReferral

  3. 11 December 1985

    Reported

    Committee on Finance. Ordered to be reported with an amendment in the nature of a substitute favorably.

    Source: Committee

  4. 12 December 1985

    Calendars

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 482.

    Source: Calendars

  5. 12 December 1985

    Reported

    Committee on Finance. Reported to Senate by Senator Packwood with an amendment in the nature of a substitute and an amendment to the title. With written report No. 99-219.

    Source: Committee

  6. 12 December 1985

    Reported

    Committee on Finance. Reported to Senate by Senator Packwood with an amendment in the nature of a substitute and an amendment to the title. With written report No. 99-219.

    Source: Committee

  7. 13 December 1985

    Committee

    Committee on Finance requested executive comment from OMB, Treasury Department.

    Source: Committee

  8. 25 March 1986

    Floor

    Indefinitely postponed by Senate by Unanimous Consent.

    Source: Floor

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

2 official files

Sponsors

Showing 48 of 73 sponsors and actors.

Related records

No cross-record relationships stored yet.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.