Tax Relief Extension Act of 2015

Summary

Tax Relief Extension Act of 2015 Amends the Internal Revenue Code to extend through 2016 expired or expiring tax provisions for individuals, business taxpayers, and the energy sector. Expresses the sense of the Senate that: (1) Congress should pursue a process of comprehensive tax reform, (2) Congress should eliminate temporary provisions in the Internal Revenue Code by making permanent those provisions that merit permanency and by allowing others to expire, and (3) a major focus of the tax reform process should be fostering economic growth and lowering tax rates by broadening the tax base. Excludes from gross income, for income tax purposes, any amount received by a non-corporate taxpayer as a clean coal power grant, award, or allowance under the Energy Policy Act of 2005. Allows the consolidation of remuneration paid to a motion picture project worker by a motion picture project employer in a calendar year, for employment tax purposes. Equalizes the excise tax on liquefied petroleum gas and liquefied natural gas by establishing a rate of 18.3 cents per energy equivalent of a gallon of gasoline for liquefied petroleum gas and 24.3 cents per energy equivalent of a gallon of diesel for liquefied natural gas. Requires mortgage interest information returns to include: (1) the amount of the outstanding mortgage at the beginning of the calendar year, (2) the address of the property securing such mortgage, and (3) the date of the origination of the mortgage.

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Timeline

1. 5 August 2015

   Calendars

   Placed on Senate Legislative Calendar under General Orders. Calendar No. 198.

   Source: Calendars

2. 5 August 2015

   Reported

   Committee on Finance. Original measure reported to Senate by Senator Hatch. With written report No. 114-118.

   Source: Committee

3. 5 August 2015

   Reported

   Committee on Finance. Original measure reported to Senate by Senator Hatch. With written report No. 114-118.

   Source: Committee

4. 5 August 2015

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Placed on Calendar Senate · 5 August 2015 · Download file

Documents

4 official files

• Placed on Calendar Senate (text)

  Placed on Calendar Senate · EN · 5 August 2015

  ViewDownloadOpen at official source

• Placed on Calendar Senate (PDF)

  Placed on Calendar Senate · EN · 5 August 2015

  ViewDownloadOpen at official source

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• Reported to Senate without amendment

  summary · EN · 5 August 2015

  Open at official source

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  Vertaal document

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• Introduced in Senate

  summary · EN · 5 August 2015

  Open at official source

  Leesvertaling

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  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

• Sen. Hatch, Orrin G. [R-UT] · R · Sponsor
• · ssfi00 · Standing

Related records

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• related to ← Biodiesel Tax Incentive Reform and Extension Act of 2016