A bill to repeal the contemporaneous recordkeeping requirements added by the Tax Reform Act of 1984, and for other purposes.

Summary

Amends the Internal Revenue Code to repeal the requirement that contemporaneous records be kept to substantiate deductions for certain travel expenses, including automobile expenses, business entertainment expenses, and expenses for gifts. Repeals the requirement that tax return preparers inform the taxpayer of such recordkeeping requirements. Repeals the special negligence penalty for failure to have written confirmation from the taxpayer that records exist. Repeals any regulations issued by the Secretary of the Treasury to implement the contemporaneous recordkeeping requirements. Provides that there must be sufficient written evidence substantiating the taxpayer's own statement as to such business deductions. Excludes from the recordkeeping requirements any qualified nonpersonal use vehicle. Defines "qualified nonpersonal use vehicle" as any vehicle which, by reason of its nature, is not likely to be used more than a de minimis amount for personal purposes. Provides that an employer may elect to not withhold any tax with respect to any vehicle fringe benefit provided to an employee if the employee is notified that the employer is making such election. Requires the vehicle fringe benefit to be included on the employee's withholding statement. Reduces the amount of the limitation on the investment tax credit for an automobile from $1,000 to $675. Reduces the annual depreciation deductions that are allowed for an automobile to: (1) $3,600 depreciation in the first year (currently the limit is $4,000); and (2) $5,400 depreciation in any subsequent year. (Currently the limit is $6,000.) Provides for a one-year deferral of the annual inflation adjustment of these limits. Requires the Secretary of the Treasury to prescribe regulations by October 1, 1985, to carry out these provisions.

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

Timeline

1. 2 April 1985

   Introduced

   Introduced in House

   Source: IntroReferral

2. 2 April 1985

   Introduced

   Introduced in House

   Source: IntroReferral

3. 2 April 1985

   Vote

   Passed House by Yea-Nay Vote: 412 - 1 (Record Vote No: 42).

   Source: Floor

4. 2 April 1985

   Vote

   Passed/agreed to in House: Passed House by Yea-Nay Vote: 412 - 1 (Record Vote No: 42).

   Source: Floor

5. 2 April 1985

   Floor

   Called up by House Under Suspension of Rules.

   Source: Floor

6. 2 April 1985

   Calendars

   Placed on Union Calendar No: 22.

   Source: Calendars

7. 2 April 1985

   Reported

   Reported to House by House Committee on Ways and Means. Report No: 99-34.

   Source: Committee

8. 2 April 1985

   Reported

   Reported to House by House Committee on Ways and Means. Report No: 99-34.

   Source: Committee

9. 2 April 1985

   Reported

   Ordered to be Reported.

   Source: Committee

10. 2 April 1985

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

11. 3 April 1985

    ResolvingDifferences

    Senate insists on its amendments, asks for a conference, appoints conferees Packwood; Dole; Roth; Danforth; Long; Bentsen; Matsunaga.

    Source: ResolvingDifferences

12. 3 April 1985

    Floor

    Measure laid before Senate.

    Source: Floor

13. 3 April 1985

    Vote

    Passed/agreed to in Senate: Passed Senate with amendments and an amendment to the Title by Yea-Nay Vote. 92-1. Record Vote No: 25.

    Source: Floor

14. 3 April 1985

    Introduced

    Received in the Senate, read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 54.

    Source: Calendars

15. 24 April 1985

    Passed

    House Agreed to Request for Conference and Speaker Appointed Conferees: Rostenkowski, Gibbons, Pickle, Rangel, Stark, Duncan, Archer, Vander Jagt.

    Source: ResolvingDifferences

16. 24 April 1985

    Passed

    House Disagreed to Senate Amendments by Unanimous Consent.

    Source: ResolvingDifferences

17. 24 April 1985

    Passed

    Resolving differences -- House actions: House Disagreed to Senate Amendments by Unanimous Consent.

    Source: NotUsed

18. 1 May 1985

    Passed

    Conferees agreed to file conference report.

    Source: ResolvingDifferences

19. 1 May 1985

    Passed

    Conference committee actions: Conferees agreed to file conference report.

    Source: ResolvingDifferences

20. 7 May 1985

    ResolvingDifferences

    Conference Report 99-67 Filed in House.

    Source: ResolvingDifferences

21. 7 May 1985

    ResolvingDifferences

    Conference report filed: Conference Report 99-67 Filed in House.

    Source: ResolvingDifferences

22. 8 May 1985

    Vote

    House Agreed to Conference Report by Yea-Nay Vote: 426 - 1 (Record Vote No: 101).

    Source: ResolvingDifferences

23. 8 May 1985

    Vote

    Conference report agreed to in House: House Agreed to Conference Report by Yea-Nay Vote: 426 - 1 (Record Vote No: 101).

    Source: ResolvingDifferences

24. 15 May 1985

    ResolvingDifferences

    Conference report considered in Senate.

    Source: ResolvingDifferences

25. 16 May 1985

    Passed

    Conference report agreed to in Senate: Senate agreed to conference report by Voice Vote.

    Source: ResolvingDifferences

26. 16 May 1985

    ResolvingDifferences

    Conference report considered in Senate.

    Source: ResolvingDifferences

27. 20 May 1985

    Floor

    Presented to President.

    Source: Floor

28. 20 May 1985

    President

    Presented to President.

    Source: President

29. 20 May 1985

    Floor

    Measure Signed in Senate.

    Source: Floor

30. 24 May 1985

    Became law

    Became Public Law No: 99-44.

    Source: President

31. 24 May 1985

    Became law

    Signed by President.

    Source: BecameLaw

32. 24 May 1985

    President

    Signed by President.

    Source: President

Votes

Versions

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

Documents

4 official files

• Public Law (PDF)

  Public Law · EN · 25 May 1985

  ViewDownloadOpen at official source

• Conference report filed in House

  summary · EN · 7 May 1985

  Open at official source

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• Passed Senate amended

  summary · EN · 3 April 1985

  Open at official source

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• Introduced in House

  summary · EN · 2 April 1985

  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

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Sponsors

• Rep. Rostenkowski, Dan [D-IL-8] · D · Sponsor
• Rep. Duncan, John J. [R-TN-2] · R · Sponsor
• Rep. Anthony, Beryl, Jr. [D-AR-4] · D · Sponsor
• Rep. Daub, Hal [R-NE-2] · R · Sponsor
• Rep. Roemer, Buddy [D-LA-4] · D · Sponsor
• Rep. Pickle, J. J. [D-TX-10] · D · Sponsor
• Rep. Stark, Fortney Pete [D-CA-13] · D · Sponsor
• Rep. Jones, James R. [D-OK-1] · D · Sponsor
• Rep. Jacobs, Andrew, Jr. [D-IN-10] · D · Sponsor
• Rep. Ford, Harold E. [D-TN-9] · D · Sponsor
• Rep. Pease, Donald J. [D-OH-13] · D · Sponsor
• Rep. Matsui, Robert T. [D-CA-5] · D · Sponsor
• Rep. Flippo, Ronnie G. [D-AL-5] · D · Sponsor
• Sen. Dorgan, Byron L. [D-ND] · D · Sponsor
• Rep. Kennelly, Barbara B. [D-CT-1] · D · Sponsor
• Rep. Coyne, William J. [D-PA-14] · D · Sponsor
• Rep. Frenzel, Bill [R-MN-3] · R · Sponsor
• Rep. Gradison, Willis D., Jr. [R-OH-2] · R · Sponsor
• Rep. Campbell, Carroll A., Jr. [R-SC-4] · R · Sponsor
• Rep. McGrath, Raymond J. [R-NY-5] · R · Sponsor
• Sen. Gregg, Judd [R-NH] · R · Sponsor
• · hswm00 · Standing

Related records

• related to → A bill to amend the Truth in Lending Act to prohibit discrimination on account of age in credit card transactions.
• related to → A bill to repeal certain recently enacted substantiation and compliance provisions of the Internal Revenue Code of 1954.
• related to → A bill entitled: "The Logging Requirement Repeal Act of 1985".
• related to → A bill to repeal the substantiation requirements contained in the Tax Reform Act of 1984 for deductions attributable to business use of passenger automobiles and certain other types of personal property.
• related to → Paperwork Reduction Act of 1985
• related to → A bill to repeal the substantiation requirements contained in the Tax Reform Act of 1984 for deductions attributable to business use of passenger automobiles and certain other types of personal property.
• related to → A bill to repeal the provisions of the Tax Reform Act of 1984 relating to the maintenance of contemporaneous records with respect to the business use of certain property.
• related to → A bill to repeal the provisions of the Tax Reform Act of 1984 relating to the maintenance of contemporaneous records with respect to the business use of certain property.
• amends ← To express the sense of the Congress concerning certain air transportation fringe benefit regulations.
• amends ← To amend the Internal Revenue Code of 1954 to repeal the contemporaneous recordkeeping requirements added by the Tax Reform Act of 1984.
• amends ← To amend the Internal Revenue Code of 1954 to clarify the tax treatment of the personal use of automobiles, and for other purposes.

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