Government-funding legislation that the House is set to vote on Tuesday would extend a host of expired and expiring tax breaks.
A manager’s amendment to one of the two “minibus” spending bills agreed to overnight adds the extensions of the temporary tax breaks, known as “tax extenders,” to the measure.
The amendment largely extends the expiring and expired tax breaks through 2020. Some of the tax breaks had expired at the end of 2017 and are being retroactively extended, such as tax breaks about energy efficiency and provisions benefiting the race horse and motorsports industries. Others were set to expire at the end of this year, such as the GOP tax law’s tax credit for employers who offer paid family and medical leave and its excise tax relief for brewers, winemakers and distillers.
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The biodiesel tax credit, which expired at the end of 2017, would be extended until 2022. That credit is a top priority of Senate Finance Committee Chuck GrassleyCharles (Chuck) Ernest GrassleyGrassley urges White House to help farmers in year-end tax talks The Hill’s Morning Report — Sponsored by AdvaMed — House panel delays impeachment vote until Friday The Hill’s Morning Report – Sponsored by AdvaMed – House panel expected to approve impeachment articles Thursday MORE (R-Iowa) and other lawmakers in agriculture-heavy states.
The measure also includes a host of disaster tax relief provisions, and would repeal a provision in Republicans’ 2017 tax law that imposes a 21-percent unrelated business income tax on certain benefits churches and other nonprofits offer to their employees, such as parking benefits. There has been bipartisan support for repealing that part of the 2017 law.
The provisions in the manager’s amendment aren’t the only tax provisions in the spending package. The initial version of the government-funding legislation posted Monday also included the repeal of three health care taxes created by ObamaCare and a bipartisan retirement bill that passed the House earlier this year.
But the spending bill won’t include other priorities that Democrats and Republicans were hoping to include in year-end legislation. Democrats had been pushing for tax extenders to be paired with the expansion of tax credits benefiting low- and middle-income families, while Republicans had been pushing for the inclusion of fixes to drafting errors in the 2017 tax law.
Industry groups had been lobbying Congress for extensions of their tax breaks, and started to cheer the extenders package Tuesday. But the tax agreement is likely to disappoint a number of advocacy groups across the ideological spectrum, who have been arguing that Congress should not renew the tax provisions that expired at the end of 2017.
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