Tax Increase Prevention and Reconciliation Act of 2005

Summary

Amends the Internal Revenue Code to extend through 2006 the: (1) allowance of certain nonrefundable tax credits against regular and alternative minimum tax liability; (2) election to deduct state and local sales taxes in lieu of state and local income taxes; (3) tax credit for increasing research activities; (4) tax deduction for higher education tuition and related expenses; (5) tax deduction for elementary and secondary school teacher expenses; (6) authority to issue qualified zone academy bonds; (7) Indian employment tax credit and accelerated depreciation for business property on Indian reservations; (8) tax deduction for corporate donations of computer technology and equipment for educational purposes; (9) eligibility provisions for the medical savings accounts tax deduction; (10) accelerated depreciation of leasehold and restaurant improvements; (11) suspension of the taxable income limit on percentage depletion for oil and natural gas from marginal properties; (12) certain tax benefits for investment in District of Columbia Enterprise Zones; (13) possession tax credit for American Samoa; and (14) parity requirement for the application of group health plan limits to mental health benefits; and (15) authority for certain Internal Revenue Service (IRS) undercover operations. Revises the work opportunity and welfare-to-work tax credits to: (1) consolidate such credits into a single tax credit and extend the consolidated tax credit through 2007; (2) repeal income eligibility requirements for ex-felons; and (3) increase the age limit for food stamp eligibility from 25 to 35. Extends through 2007 the expensing allowance for environmental remediation costs, including remediation of petroleum products. Extends through 2008 the exemption of active financial services income from Subpart F taxation. Extends through 2010 the: (1) tax credit for retirement savings contributions (saver's credit); (2) increased expensing allowances for depreciable business assets; and (3) reduced tax rates for capital gains and dividend income.

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

Timeline

1. 10 November 2005

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 10 November 2005

   Introduced

   Introduced in House

   Source: IntroReferral

3. 10 November 2005

   Introduced

   Introduced in House

   Source: IntroReferral

4. 15 November 2005

   Vote

   Ordered to be Reported (Amended) by the Yeas and Nays: 24 - 15.

   Source: Committee

5. 15 November 2005

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

6. 17 November 2005

   Calendars

   Placed on the Union Calendar, Calendar No. 166.

   Source: Calendars

7. 17 November 2005

   Reported

   Reported (Amended) by the Committee on Ways and Means. H. Rept. 109-304.

   Source: Committee

8. 17 November 2005

   Reported

   Reported (Amended) by the Committee on Ways and Means. H. Rept. 109-304.

   Source: Committee

9. 7 December 2005

   Reported

   Rules Committee Resolution H. Res. 588 Reported to House. Rule provides for consideration of H.R. 4297 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. A specified amendment is in order.

   Source: Floor

10. 8 December 2005

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

11. 8 December 2005

    Vote

    On passage Passed by the Yeas and Nays: 234 - 197 (Roll no. 621). (text: CR H11234-11237)

    Source: Floor

12. 8 December 2005

    Vote

    Passed/agreed to in House: On passage Passed by the Yeas and Nays: 234 - 197 (Roll no. 621).(text: CR H11234-11237)

    Source: Floor

13. 8 December 2005

    Vote

    On motion to recommit with instructions Failed by the Yeas and Nays: 193 - 235 (Roll no. 620).

    Source: Floor

14. 8 December 2005

    Floor

    The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H11261)

    Source: Floor

15. 8 December 2005

    Floor

    Mr. Rangel moved to recommit with instructions to Ways and Means. (consideration: CR H11262; text: CR H11262)

    Source: Floor

16. 8 December 2005

    Floor

    Rule provides for consideration of H.R. 4297 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. A specified amendment is in order.

    Source: Floor

17. 8 December 2005

    Floor

    Considered under the provisions of rule H. Res. 588. (consideration: CR H11234-11164)

    Source: Floor

18. 8 December 2005

    Passed

    Rule H. Res. 588 passed House.

    Source: Floor

19. 12 December 2005

    Introduced

    Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 325.

    Source: Calendars

20. 1 February 2006

    Floor

    Measure laid before Senate by unanimous consent. (consideration: CR S387-436)

    Source: Floor

21. 2 February 2006

    Vote

    Passed/agreed to in Senate: Passed Senate with an amendment by Yea-Nay. 66 - 31. Record Vote Number: 10.

    Source: Floor

22. 2 February 2006

    Floor

    Considered by Senate. (consideration: CR S466-502)

    Source: Floor

23. 6 February 2006

    Floor

    Message on Senate action sent to the House.

    Source: Floor

24. 8 February 2006

    ResolvingDifferences

    The Speaker appointed conferees: Thomas, McCrery, Camp (MI), Rangel, and Stark.

    Source: ResolvingDifferences

25. 8 February 2006

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: ResolvingDifferences

26. 8 February 2006

    Passed

    On motion that the House disagree to the Senate amendment, and request a conference Agreed to without objection.

    Source: ResolvingDifferences

27. 8 February 2006

    Floor

    DEBATE - The House proceeded with one hour of debate on the Neal motion to instruct conferees. The instructions contained in the motion seek to require the managers on the part of the House to 1) agree to the provisions of section 106 of the Senate amendment (relating to extension and increase in minimum tax relief to individuals); 2) recede from the provisions of the House bill that extend the lower tax rate on dividends and capital gains that would otherwise terminate at the close of 2008; and, 3) insist, to the maximum extent possible within the scope of the conference, on a conference report that would not increase the Federal deficit for any year.

    Source: Floor

28. 8 February 2006

    ResolvingDifferences

    The previous question was ordered without objection. (consideration: CR H192)

    Source: ResolvingDifferences

29. 8 February 2006

    ResolvingDifferences

    Mr. Neal (MA) moved that the House instruct conferees. (consideration: CR H185; text: CR H185)

    Source: ResolvingDifferences

30. 8 February 2006

    ResolvingDifferences

    Mr. Thomas asked unanimous consent that the House disagree to the Senate amendment, and request a conference. (consideration: CR H185-192, H195-196)

    Source: ResolvingDifferences

31. 9 February 2006

    Floor

    Message on House action received in Senate and at desk: House requests a conference.

    Source: Floor

32. 13 February 2006

    Passed

    Motion by Senator Kennedy to instruct Senate conferees to reject the extension of the capital gains and dividends rate reduction contained in section 203 of the bill as passed by the House of Representatives made in Senate. (consideration: CR S1083-1090)

    Source: ResolvingDifferences

33. 13 February 2006

    Floor

    Senate insists on its amendment and agrees to hold a conference. (consideration: CR S1079-1121)

    Source: Floor

34. 14 February 2006

    Floor

    Message on Senate action sent to the House.

    Source: Floor

35. 14 February 2006

    Vote

    Motion by Senator Grassley to instruct Senate conferees to report a final conference report that includes the "hold-harmless" relief from the individual alternative minimum tax in 2006 (sections 106 and 107 of the amendment passed by the Senate) to protect middle class families and includes an extension of lower tax rates on capital gains and dividends (based on section 203 of the bill passed by the House of Representatives) to protect tax cuts for middle class families agreed to in Senate by Yea-Nay Vote. 53 - 47. Record Vote Number: 16. (consideration: CR S1136, S1138)

    Source: ResolvingDifferences

36. 15 March 2006

    ResolvingDifferences

    The previous question was ordered without objection. (consideration: CR H1055)

    Source: ResolvingDifferences

37. 15 March 2006

    Floor

    DEBATE - The House proceeded with one hour of debate on the Tanner motion to instruct conferees. The instructions contained in the motion seek to require the managers on the part of the House, to the maximum extent possible within the scope of the conference, to insist on a conference report which will neither increase the Federal budget deficit nor increase the amount of the debt subject to the public debt limit.

    Source: Floor

38. 15 March 2006

    ResolvingDifferences

    Mr. Tanner moved that the House instruct conferees. (consideration: CR H1051-1055)

    Source: ResolvingDifferences

39. 15 March 2006

    ResolvingDifferences

    Conference held.

    Source: ResolvingDifferences

40. 15 March 2006

    ResolvingDifferences

    Conference committee actions: Conference held.

    Source: ResolvingDifferences

41. 16 March 2006

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: ResolvingDifferences

42. 16 March 2006

    Vote

    On motion that the House instruct conferees Agreed to by the Yeas and Nays: 222 - 187 (Roll no. 67). (consideration: CR H1119)

    Source: ResolvingDifferences

43. 29 March 2006

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: ResolvingDifferences

44. 29 March 2006

    Vote

    On motion that the House instruct conferees Failed by the Yeas and Nays: 192 - 229 (Roll no. 74).

    Source: ResolvingDifferences

45. 29 March 2006

    ResolvingDifferences

    The previous question was ordered without objection. (consideration: CR H1289)

    Source: ResolvingDifferences

46. 29 March 2006

    Floor

    DEBATE - The House proceeded with one hour of debate on the Rangel motion to instruct conferees. The instructions contained within the motion seek to (1) insist on the provisions of section 106 of the Senate amendment (relating to extension and increase in minimum tax relief to individuals) (2) recede from the provisions of the House bill that extend the lower tax rate on dividends and capital gains that would otherwise terminate at the close of 2008 and (3) insist on a confrerence report, to the maximum extent possible within the scope of conference, which will neither increase the Federal budget deficit nor increase the amount of the debt subject to the public debt limit.

    Source: Floor

47. 29 March 2006

    ResolvingDifferences

    Mr. Rangel moved that the House instruct conferees. (consideration: CR H1283-1289, H1291-1292; text: CR H1283-1284)

    Source: ResolvingDifferences

48. 4 April 2006

    Floor

    NOTIFICATION OF INTENT TO OFFER MOTION TO INSTRUCT - Mr. Cardin notified the House of his intention to offer a motion to instruct conferees on H.R. 4297.

    Source: Floor

49. 5 April 2006

    Floor

    NOTICE OF INTENT TO OFFER MOTION TO INSTRUCT - Mr. Cardin notified the House of his intent to offer a motion to instruct conferees on H.R. 4297.

    Source: Floor

50. 6 April 2006

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: ResolvingDifferences

51. 6 April 2006

    Vote

    On motion that the House instruct conferees Failed by the Yeas and Nays: 196 - 232 (Roll no. 94). (consideration: CR H1621-1622)

    Source: ResolvingDifferences

52. 6 April 2006

    ResolvingDifferences

    The previous question was ordered without objection. (consideration: CR H1615)

    Source: ResolvingDifferences

53. 6 April 2006

    Floor

    DEBATE - The House proceeded with one hour of debate on the Cardin Motion to Instruct Conferees. Instructions contained within the motion seek to instruct the managers on the part of the House at the conference on the disagreeing votes of the two Houses on the Senate amendment (1) agree to the provisions of section 102 (relating to credit for elective deferrals and ira contributions), and section 108 (relating to extension and modification of research credit), of the Senate amendment (2) agree to the provisions of section 106 of the Senate amendment (relating to extension and increase in the minimum tax relief to individuals) (3) recede from the provisions of the House bill that extend the lower tax rate on dividends and capital gains that would otherwise terminate at the close of 2008 and (4) to the maximum extent possible within the scope of conference, insist on a conference report which will neither increase

    Source: Floor

54. 6 April 2006

    ResolvingDifferences

    Mr. Cardin moved that the House instruct conferees. (CR H1609-1615)

    Source: ResolvingDifferences

55. 25 April 2006

    Floor

    NOTICE OF INTENT TO OFFER MOTION TO INSTRUCT - Mr. McDermott notified the House of his intention to offer a motion to instruct conferees on H.R. 4297.

    Source: Floor

56. 26 April 2006

    ResolvingDifferences

    The previous question was ordered without objection. (consideration: CR H1819)

    Source: ResolvingDifferences

57. 26 April 2006

    Floor

    DEBATE - The House proceeded with one hour of debate on the McDermott motion to instruct conferees. The instructions contained in the motion seek to require the managers on the part of the House to agree to the following provisions of the Senate amendment: sec. 461; sec. 462; sec. 470; and to recede from the provisions of the House bill that extend the lower tax rate on dividends and capital gains that would otherwise terminate at the close of 2008.

    Source: Floor

58. 26 April 2006

    ResolvingDifferences

    Mr. McDermott moved that the House instruct conferees. (consideration: CR H1813-1819; text: CR H1813)

    Source: ResolvingDifferences

59. 27 April 2006

    Vote

    On motion that the House instruct conferees Failed by the Yeas and Nays: 190 - 232 (Roll no. 109). (consideration: CR H1886-1887)

    Source: ResolvingDifferences

60. 3 May 2006

    Vote

    On motion that the House instruct conferees Failed by the Yeas and Nays: 197 - 224 (Roll no. 121).

    Source: ResolvingDifferences

61. 3 May 2006

    ResolvingDifferences

    The previous question was ordered without objection. (consideration: CR H2071)

    Source: ResolvingDifferences

62. 3 May 2006

    Floor

    DEBATE - The House proceeded with one hour of debate on the Larson (CT) motion to instruct conferees. Instructions seek to direct the managers on the part of the House to agree to the following provisions of the Senate: section 461 (relating to revaluation of LIFO inventories of larget integrated oil companies), section 462 (relating to elimination of amortization of geological and geophysical expenditures for major integrated oil companies), and section 470 (relating to modifications of foreign tax credit rules applicable to large integrated oil companies which are dual capacity taxpayers), and to recede from the provisions of the House bill that extend the lower tax rate on dividends and capital gains that would otherwise terminate at the close of 2008.

    Source: Floor

63. 3 May 2006

    ResolvingDifferences

    Mr. Larson (CT) moved that the House instruct conferees. (consideration: CR H2066-2071; text: CR H2066)

    Source: ResolvingDifferences

64. 9 May 2006

    Reported

    Rules Committee Resolution H. Res. 805 Reported to House. Rule provides for consideration of the conference report to H.R. 4297 with 1 hour of general debate.

    Source: Floor

65. 9 May 2006

    ResolvingDifferences

    Conference report H. Rept. 109-455 filed. (text of conference report: CR H2209-2299)

    Source: ResolvingDifferences

66. 9 May 2006

    ResolvingDifferences

    Conference report filed: Conference report H. Rept. 109-455 filed.(text of conference report: CR H2209-2299)

    Source: ResolvingDifferences

67. 10 May 2006

    ResolvingDifferences

    Conference papers: held at the desk in Senate.

    Source: ResolvingDifferences

68. 10 May 2006

    Vote

    On agreeing to the conference report Agreed to by recorded vote: 244 - 185 (Roll no. 135).

    Source: ResolvingDifferences

69. 10 May 2006

    Passed

    Motions to reconsider laid on the table Agreed to without objection.

    Source: ResolvingDifferences

70. 10 May 2006

    Vote

    Conference report agreed to in House: On agreeing to the conference report Agreed to by recorded vote: 244 - 185 (Roll no. 135).

    Source: ResolvingDifferences

71. 10 May 2006

    Vote

    On motion to recommit with instructions to conference committee Failed by the Yeas and Nays: 190 - 239 (Roll no. 134).

    Source: ResolvingDifferences

72. 10 May 2006

    Floor

    The previous question on the motion was ordered without objection. (consideration: CR H2465)

    Source: Floor

73. 10 May 2006

    ResolvingDifferences

    Mr. Rangel moved to recommit with instructions to the conference committee. (consideration: CR H2464-2465; text: CR H2465)

    Source: ResolvingDifferences

74. 10 May 2006

    ResolvingDifferences

    The previous question was ordered without objection. (consideration: CR H2464)

    Source: ResolvingDifferences

75. 10 May 2006

    Floor

    DEBATE - The House proceeded with 60 minutes of debate on the conference report to accompany H.R. 4297.

    Source: Floor

76. 10 May 2006

    ResolvingDifferences

    Mr. Thomas brought up conference report H. Rept. 109-455 for consideration under the provisions of H. Res. 805. (consideration: CR H2453-2466)

    Source: ResolvingDifferences

77. 10 May 2006

    Passed

    Rule H. Res. 805 passed House.

    Source: Floor

78. 11 May 2006

    Action

    Cleared for White House.

79. 11 May 2006

    Floor

    Message on Senate action sent to the House.

    Source: Floor

80. 11 May 2006

    ResolvingDifferences

    Conference report considered in Senate. (consideration: CR S4385-4447)

    Source: ResolvingDifferences

Showing 80 of 86 timeline events.

Votes

Versions

• Enrolled Bill · undated · Official file
• Public Law · 17 May 2006 · Official file
• Engrossed Amendment Senate · 6 February 2006 · Official file
• Placed on Calendar Senate · 12 December 2005 · Official file
• Engrossed in House · 8 December 2005 · Official file
• Reported in House · 17 November 2005 · Official file
• Introduced in House · 10 November 2005 · Official file

Documents

20 official files

• Enrolled Bill (text)

  Enrolled Bill · EN

  ViewDownloadOpen at official source

• Enrolled Bill (PDF)

  Enrolled Bill · EN

  ViewDownloadOpen at official source

• Public Law (text)

  Public Law · EN · 17 May 2006

  ViewDownloadOpen at official source

• Public Law (PDF)

  Public Law · EN · 17 May 2006

  ViewDownloadOpen at official source

• Public Law

  summary · EN · 17 May 2006

  Open at official source

• Conference report filed in House

  summary · EN · 9 May 2006

  Open at official source

• Engrossed Amendment Senate (text)

  Engrossed Amendment Senate · EN · 6 February 2006

  ViewDownloadOpen at official source

• Engrossed Amendment Senate (PDF)

  Engrossed Amendment Senate · EN · 6 February 2006

  ViewDownloadOpen at official source

• Passed Senate amended

  summary · EN · 2 February 2006

  Open at official source

• Placed on Calendar Senate (text)

  Placed on Calendar Senate · EN · 12 December 2005

  ViewDownloadOpen at official source

• Placed on Calendar Senate (PDF)

  Placed on Calendar Senate · EN · 12 December 2005

  ViewDownloadOpen at official source

• Engrossed in House (text)

  Engrossed in House · EN · 8 December 2005

  ViewDownloadOpen at official source

• Engrossed in House (PDF)

  Engrossed in House · EN · 8 December 2005

  ViewDownloadOpen at official source

• Passed House without amendment

  summary · EN · 8 December 2005

  Open at official source

• Reported in House (text)

  Reported in House · EN · 17 November 2005

  ViewDownloadOpen at official source

• Reported in House (PDF)

  Reported in House · EN · 17 November 2005

  ViewDownloadOpen at official source

• Reported to House with amendment(s)

  summary · EN · 17 November 2005

  Open at official source

• Introduced in House (text)

  Introduced in House · EN · 10 November 2005

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• Introduced in House (PDF)

  Introduced in House · EN · 10 November 2005

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 10 November 2005

  Open at official source

Sponsors

• Rep. Thomas, William M. [R-CA-20] · R · Sponsor
• · hswm00 · Standing

Related records

• related to → Tax Revision Act of 2005
• related to → Providing for consideration of the bill (H.R. 4297) to provide for reconciliation pursuant to section 201(b) of the concurrent resolution on the budget for fiscal year 2006.
• related to → Waiving points of order against the conference report to accompany the bill (H.R. 4297) to provide for reconciliation pursuant to section 201 (b) of the concurrent resolution on the budget for fiscal year 2006.
• related to ← Tax Revision Act of 2005
• related to ← Tax Relief Act of 2005