Tax Extenders Act of 2013
Latest action. Read the second time. Placed on Senate legislative calendarThe list of measures reported out of committee and eligible for floor action. Being on the calendar is not a promise of a vote.Read the full definition (opens a new tab) under General Orders. Calendar No. 287.
Tax Extenders Act of 2013 - Title I: Individual Tax Extenders - Amends the Internal Revenue Code to extend through 2014:
the tax credit for purchasing health care insurance;
the tax deduction for expenses of elementary and secondary school teachers;
the exclusion from gross income of imputed income from the discharge of indebtedness for a principal residence;
the equalization of the exclusion from gross income for employer-provided commuter transit and parking benefits;
the tax deduction for mortgage insurance premiums;
the tax deduction for state and local general sales taxes in lieu of state and local income taxes;
the tax deduction for contributions of capital gain real property made for conservation purposes;
the deduction from gross income for qualified tuition and related expenses; and
tax-free distributions from individual retirement accounts (IRAs) for charitable purposes.
Extends through 2014 provisions allowing continuation of health care benefits for eligible trade adjustment assistance (TAA) and Pension Benefit Guaranty Corporation (PBGC) beneficiaries.
Title II: Business Tax Extenders - Extends through 2014:
the tax credit for increasing research expenditures;
the low-income housing tax credit rate for newly constructed non-federally subsidized buildings;
the Indian employment tax credit;
the new markets tax credit;
the tax credit for qualified railroad track maintenance expenditures;
the tax credit for mine rescue team training expenses;
the tax credit for differential wage payments to employees who are active duty members of the Uniformed Services;
the work opportunity tax credit;
the authority for issuing qualified zone academy bonds;
the classification of race horses as three-year property for depreciation purposes;
accelerated depreciation of qualified leasehold, restaurant, and retail property, of motorsports entertainment complexes, and of business property on Indian reservations;
additional (bonus) depreciation of business assets and the election to accelerate the alternative minimum tax (AMT) credit in lieu of bonus depreciation;
the tax deduction for contributions of food inventory by taxpayers other than C corporations;
increased expensing allowance for business property, including computer software, and depreciation of qualified real property;
The summary continues for 27 more paragraphs. Read it in full on Congress.gov
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Introduced in Senate" stage on December 19, 2013. It describes the bill, it is not the legal text.
Where is it in the process, and what happens next?
4 steps remain before this bill could become law.
The record's latest action, on December 20, 2013: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 287.
- Clearing the committees it was referred to, and being scheduled for a floor vote
- Passage by the Senate
- Passage by the House
- The President's signature. If the President vetoes it, two-thirds of both chambers must vote to override.
How likely is it to become law?
Civibrief does not forecast outcomes and this page has no opinion about this one. What the record supports is a base rate, which is a fact about the whole pile, not a prediction about this measure.
In the 113th Congress (2013-14), 296 of the 9,091 bills and joint resolutions introduced became law, about 3.3 percent. That count covers every measure at every stage, including the many that never left committee.
This one is not there yet: 4 steps are still outstanding, listed above.
Has anyone actually voted on it?
No. No roll call in this Congress cites this measure. That is the ordinary outcome: most measures never reach a recorded floor vote, and a committee ends most of them simply by not acting.
A vote is not the only thing that happens to a measure. Hearings, markups, and referrals are all recorded actions, and none of them is a vote of the full chamber.
Who is behind it?
HARRY REID (D-NV) introduced it on December 19, 2013. No cosponsors are recorded.
Cosponsoring is a formal signature on the text. It is not a commitment to vote for the measure, it does not bind anyone's party, and a long list of cosponsors is a measure of attention rather than of prospects.
How long has it been in play?
It was introduced on December 19, 2013, 4648 days ago. The most recent recorded action was 4647 days ago, on December 20, 2013.
Measures do not carry over. Anything the 113th Congress has not finished by January 3, 2015 dies when the term ends, and has to be introduced again from the start in the next Congress.
Every answer above is assembled from this measure's own record on Congress.gov and from published counts of what Congress has passed before. Civibrief does not predict outcomes and takes no position on any measure.
Vote history
- SenateIn committee, no floor vote yet
- HouseAwaits Senate passage
- PresidentAwaits both chambers