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1 [1] (January 16, 2018)

handle is hein.crs/crsmthmbdpk0001 and id is 1 raw text is: CRS INSIGHT Expired Tax Provisions and Tax Extenders January 16, 2018 (IN10848) I Related Author Molly F. Sherloc Molly F. Sherlock, Specialist in Public Finance (msherlockacrs lc goy, 7-7797) A number of temporary tax provisions expired at the end of 2016. Although some temporary or expired provisions were addressed in the 2017 tax revision (P L 115-97), most of the provisions that expired in 2016 have not been extended beyond their 2016 expiration date. Some have suggested that a tax extenders bill enacted early in 2018 could retroactively extend expired tax provisions. Alternatively, another policy option is to allow expired tax provisions to remain expired. Table I provides information on expired tax provisions and tax extenders. Specifically, the table includes (1) all provisions that expired in 2016 and 2017 and were not addressed in the 2017 tax revision (P L 115-97); (2) provisions that would be extended in the Tax Extender Act of 2017 (S 2256); and (3) for provisions that were extended for two years, retroactive for 2015 and through 2016, in the Consolidated Appropriations Act, 2016 (P L 114-113), the cost of that extension over the 10-year budget window (fiscal years 2016 through 2025). However, with the enactment of P.L 115-97, the current law tax baseline has substantively changed. Thus, past cost estimates may not necessarily be indicative of the cost of future extensions. Table 1. Expired Tax Provisions and Tax Extenders Estimated Cost Year Would Be of Extension in Provision Extended in P L 114-113 Provision Expired 5S-2256? (billions)

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