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 Collection: Congressional Research Service Reports
Health-Related Tax Expenditures: Overview and Analysis
This report analyzes health-related tax expenditures together at the budget function level, rather than focusing on the size of any single provision. To provide some insights into common questions about health-related expenditures, this report analyzes historical data on health-related tax expenditure estimates published by the Joint Committee on Taxation (JCT). digital.library.unt.edu/ark:/67531/metadc824709/
Analysis of the Tax Exclusion for Canceled Mortgage Debt Income
This report begins with an overview and analysis of the historical tax treatment of canceled debt income. Next, the changes enacted by recent legislation are reviewed. A discussion of policy options concludes. digital.library.unt.edu/ark:/67531/metadc795924/
The Effect of Base-Broadening Measures on Labor Supply and Investment: Considerations for Tax Reform
This report attempts to show how options to broaden the tax base by placing limitations on itemized deductions can potentially work against the expansionary effects of reducing marginal tax rates. The report also addresses other common base-broadening provisions that increase the effective marginal tax rate on the return to capital. digital.library.unt.edu/ark:/67531/metadc795883/
The Internet Tax Freedom Act: In Brief
This report discusses the Internet Tax Freedom Act (ITFA; P.L. 105-277), which enacted in 1998, implemented a three-year moratorium preventing state and local governments from taxing Internet access, or imposing multiple or discriminatory taxes on electronic commerce. digital.library.unt.edu/ark:/67531/metadc795758/
Tax Provisions that Expired in 2014 ("Tax Extenders")
This report provides a broad overview of tax extenders -- a collective of temporary tax provisions for which measures have regularly extended the provisions when expired or expiring. Fifty-two temporary tax provisions expired at the end of 2014. digital.library.unt.edu/ark:/67531/metadc743500/
The Excise Tax on High-Cost Employer-Sponsored Health Coverage: Background and Economic Analysis
This report gives a brief description of the excise tax on high-cost employer-sponsored coverage, commonly referred to as the Cadillac tax, including the legislative origins of the tax and an analysis of the revenue effects of the tax. It also analyzes the Cadillac tax using standard economic criteria of efficiency, equity, and administrative simplicity as well as an analysis of health insurance premium data to provide insights into what share of health insurance plans could exceed the Cadillac tax threshold and how the threshold could affect more health plans over time. digital.library.unt.edu/ark:/67531/metadc770523/
The Excise Tax on High-Cost Employer-Sponsored Health Insurance: Estimated Economic and Market Effects
This report examines several issues: it evaluates the potential of the Cadillac tax to affect health insurance coverage (and, therefore, the health market), and examines the expected incidence (burden) of the tax--that is, which group will pay the price of the tax. digital.library.unt.edu/ark:/67531/metadc770497/
Selected Recently Expired Individual Tax Provisions ("Tax Extenders"): In Brief
This report briefly summarizes and discusses four items categorized as individual tax provisions that are regularly extended for one or two years (tax extenders). These items include deductions for elementary and secondary school teachers, deductions for state and local taxes, deductions for tuition and related expenses, and exclusions for employer-provided transit and parking benefits. digital.library.unt.edu/ark:/67531/metadc743614/
The Federal Tax Treatment of Married Same- Sex Couples
This report provides an overview of the federal tax treatment of same-sex married couples, with a focus on the federal income tax. digital.library.unt.edu/ark:/67531/metadc743479/
PILT (Payments in Lieu of Taxes): Somewhat Simplified
This report explains Payments in Lieu of Taxes (PILT), with an analysis of the five major factors affecting the calculation of a payment to a given county. It also describes the effects of recent legislative changes to PILT. digital.library.unt.edu/ark:/67531/metadc743442/
Tax Reform in the 114th Congress: An Overview of Proposals
This report provides background information regarding tax reform and discusses ways to make the U.S. tax system simpler, fairer, and more efficient. digital.library.unt.edu/ark:/67531/metadc700886/
The Internet Tax Freedom Act: In Brief
This report discusses the Internet Tax Freedom Act (ITFA; P.L. 105-277), which enacted in 1998, implemented a three-year moratorium preventing state and local governments from taxing Internet access, or imposing multiple or discriminatory taxes on electronic commerce. digital.library.unt.edu/ark:/67531/metadc689445/
The Earned Income Tax Credit (EITC): An Economic Analysis
This report discusses the Earned Income Tax Credit (EITC), which is a refundable tax credit available to eligible workers earning relatively low wages digital.library.unt.edu/ark:/67531/metadc822664/
Research Tax Credit: Current Law and Policy Issues for the 114th Congress
Technological innovation is a primary engine of long-term economic growth, and research and development (R&D) serves as the lifeblood of innovation. The federal government encourages businesses to invest more in R&D than they otherwise would in several ways, including a tax credit for increases in spending on qualified research above a base amount. This report describes the current status of the credit, summarizes its legislative history, discusses policy issues it raises, and describes legislation to modify and extend it. digital.library.unt.edu/ark:/67531/metadc820882/
Energy Tax Incentives: Measuring Value Across Different Types of Energy Resources
This report presents a comparison of the cost of tax incentives associated with fossil and renewable energy resources, relative to amount of energy produced using each type of resource. The report also reviews other analyses that compare the cost of energy tax incentives relative to production, across different types of energy technologies. digital.library.unt.edu/ark:/67531/metadc503656/
Research Tax Credit: Current Law and Policy Issues for the 114th Congress
This report describes the current status of the research tax credit, summarizes its legislative history, discusses policy issues it raises, and describes legislation to modify and extend it. digital.library.unt.edu/ark:/67531/metadc503371/
Tax-Preferred College Savings Plans: An Introduction to 529 Plans
This report provides an overview of the mechanics of 529 plans and examines the specific tax advantages of these plans for those families saving for college. digital.library.unt.edu/ark:/67531/metadc503687/
Tax Provisions that Expired in 2014 ("Tax Extenders")
This report provides a broad overview of the tax extenders that retroactively extend expired tax provisions, including the Tax Increase Prevention Act of 2014, which made tax provisions that had expired at the end of 2013 available to taxpayers for the 2014 tax year. digital.library.unt.edu/ark:/67531/metadc503583/
Dynamic Scoring
This report explains dynamic scoring, including the types of effects incorporated and the types of models used, as well as what groups conduct or have conducted macroeconomic analysis of tax changes. digital.library.unt.edu/ark:/67531/metadc501612/
Tax Havens: International Tax Avoidance and Evasion
The first section of this report reviews what countries might be considered tax havens, including a discussion of the Organization for Economic Development and Cooperation (OECD) initiatives and lists. The next two sections discuss, in turn, the corporate profit-shifting mechanisms and evidence on the existence and magnitude of profit-shifting activity. The following two sections provide the same analysis for individual tax evasion. The report concludes with overviews of alternative policy options, a summary of legislation enacted in the 111th Congress, and a summary of specific legislative proposals. digital.library.unt.edu/ark:/67531/metadc501726/
PILT (Payments in Lieu of Taxes): Somewhat Simplified
This report explains Payments in Lieu of Taxes (PILT), with an analysis of the five major factors affecting the calculation of a payment to a given county. It also describes the effects of recent legislative changes to PILT. digital.library.unt.edu/ark:/67531/metadc491173/
PILT (Payments in Lieu of Taxes): Somewhat Simplified
This report explains Payments in Lieu of Taxes (PILT), with an analysis of the five major factors affecting the calculation of a payment to a given county. It also describes the effects of certain legislative changes to PILT in recent years. digital.library.unt.edu/ark:/67531/metadc501681/
Addressing the Long-Run Budget Deficit: A Comparison of Approaches
The growth of the national debt, which is considered unsustainable under current policies, continues to be one of the central issues of domestic federal policy making. On August 2, 2011, Congress adopted, and the President signed, the Budget Control Act (BCA; P.L. 112-25), which might be viewed as an initial step in addressing long-run debt issues. This report examines alternative approaches to reducing the deficit, relating to the immediate issues arising from the BCA and the extended tax cuts as well as to ongoing, longer-term decisions about how to bring the debt under control. It focuses on the trade-offs between limiting the provision of defense and domestic public goods, reducing transfers to persons including entitlements for the elderly and those with low income, reducing support for state and local governments, and raising taxes. Using projections of the debt and deficit, it also addresses how limiting reliance on one source of deficit reduction creates pressure on other sources. digital.library.unt.edu/ark:/67531/metadc501513/
The Earned Income Tax Credit (EITC): An Overview
The Earned Income Tax Credit (EITC) is a refundable tax credit available to eligible workers earning relatively low wages. This report provides an overview of the EITC, first discussing eligibility requirements for the credit, followed by how the credit is computed and paid. The report then provides data on the growth of the EITC since it was first enacted in 1975. Finally the report concludes with data on the EITC claimed on 2012 tax returns, examining EITC claims by number of qualifying children, income level, tax filing status, and location of residence. digital.library.unt.edu/ark:/67531/metadc491354/
U.S. International Corporate Taxation: Basic Concepts and Policy Issues
This report provides a general introduction to the basic concepts and issues relevant to the U.S. international corporate tax system. The explanations provided in this report emphasize the underlying concepts of the international tax system and are intended to be as simplified as possible. digital.library.unt.edu/ark:/67531/metadc491315/
The Corporate Income Tax System: Overview and Options for Reform
This report presents information and research on the corporate tax to help policy makers understand and evaluate arguments presented in the tax reform debate. This report first reviews the structure of the corporate income tax. Data on which companies pay the corporate tax, corporate tax revenue, and how the U.S. system compares to the rest of the world are then presented and analyzed. Next, the economic effects of the corporate tax are reviewed--including a discussion of the purpose of the corporate tax, who bears the burden of the tax, and how to evaluate alternative corporate tax systems. The report then reviews broad reform options and concludes with a comparison of specific proposals that have been offered. digital.library.unt.edu/ark:/67531/metadc491518/
Taxation of Internet Sales and Access: Legal Issues
This report first looks at the Constitution's requirement of nexus, including an examination of whether recent state laws comply with the nexus standard and federal legislation that would affect the standard. It then looks at the scope of the Internet Tax Freedom Act (ITFA) moratorium on multiple or discriminatory taxes on electronic commerce and taxes on Internet access. digital.library.unt.edu/ark:/67531/metadc491186/
"Amazon Laws" and Taxation of Internet Sales: Constitutional Analysis
As more purchases are made over the Internet, states are looking for new ways to collect taxes on online sales. There is a common misperception that the U.S. Constitution prohibits states from taxing Internet sales. This report discusses "Amazon laws", which try to capture uncollected taxes on Internet sales and yet still comply with the Constitution's requirements. digital.library.unt.edu/ark:/67531/metadc490974/
Overview of the Federal Tax System
The major sources of federal tax revenue are individual income taxes, Social Security and other payroll taxes, corporate income taxes, excise taxes, and estate and gift taxes. This report describes the federal tax structure, provides some statistics on the tax system as a whole, and presents analysis of selected tax concepts. digital.library.unt.edu/ark:/67531/metadc491524/
Federal Proposals to Tax Marijuana: An Economic Analysis
This report focuses solely on issues surrounding a potential federal marijuana tax. First, it provides a brief overview of marijuana production. Second, it presents possible justifications for taxes and, in some cases, estimates the level of tax suggested by that rationale. Third, it analyzes possible marijuana tax designs. The report also discusses various tax administration and enforcement issues, such as labeling and tracking. digital.library.unt.edu/ark:/67531/metadc491300/
Federal Deductibility of State and Local Taxes
This report provides a brief history of deductible state and local taxes, and discusses deduction for real estate property taxes, deductions for income, sales, and use taxes. The report also discusses policy alternatives and current legislation. digital.library.unt.edu/ark:/67531/metadc491408/
An Introduction to the Low-Income Housing Tax Credit
This report discusses the low-income housing tax credit (LIHTC) program, which is one of the federal government’s primary policy tools for encouraging the development and rehabilitation of affordable rental housing. These non-refundable federal housing tax credits are awarded to developers of qualified rental projects via a competitive application process administered by state housing finance authorities. digital.library.unt.edu/ark:/67531/metadc820968/
The Medical Device Excise Tax: Economic Analysis
This report reviews the issues surrounding the medical devices tax within the framework of basic principles surrounding the choice of commodities to tax under excise taxes. The next section describes the tax and its legislative origins. After that, the report analyzes the arguments for retaining and repealing the tax. digital.library.unt.edu/ark:/67531/metadc491037/
The Earned Income Tax Credit (EITC): An Overview
This report discusses the earned income tax credit (EITC), established in the tax code in 1975, which offers cash aid to working parents with relatively low incomes who care for dependent children. digital.library.unt.edu/ark:/67531/metadc463251/
Recently Expired Community Assistance Related Tax Provisions ("Tax Extenders"): In Brief
This report briefly summarizes four community assistance-related tax provisions included in the Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act, which are the New Markets Tax Credit, Empowerment Zone Tax Incentives, allocation of bond limitations for Qualified Zone Academy Bonds, and the American Samoa Economic Development Credit. The EXPIRE Act would extend each of these provisions for two years (through 2015). A discussion of their economic impact and related extension bills in the 113th Congress is also included. digital.library.unt.edu/ark:/67531/metadc491540/
Recently Expired Charitable Tax Provisions ("Tax Extenders"): In Brief
This report discusses the four charitable tax provisions are discussed in this report: the enhanced charitable deduction for contributions of food inventory; tax-free distributions from individual retirement accounts for charitable purposes; basis adjustment to stock of S corporations making charitable contributions of property; and special rules for contributions of capital gain real property for conservation purposes. digital.library.unt.edu/ark:/67531/metadc462759/
Selected Recently Expired Individual Tax Provisions ("Extenders"): In Brief
This report briefly summarizes and discusses items categorized as individual tax provisions. These and other temporary tax provisions that are regularly extended for one or two years are often referred to as "tax extenders." digital.library.unt.edu/ark:/67531/metadc462943/
Corporate Expatriation, Inversions, and Mergers: Tax Issues
This report begins with a brief discussion of relevant portions of the U.S. corporate income tax system before examining how inversions were commonly structured. The report then looks at how Congress and Department of the Treasury have reduced the benefits of inversions. The report concludes with an examination of methods that remain to invert and policy options available to prevent or limit these inversions. digital.library.unt.edu/ark:/67531/metadc462056/
The American Opportunity Tax Credit: Overview, Analysis, and Policy Options
This report provides both an in-depth description of the American Opportunity Tax Credit, an analysis of its economic impact, and an overview of various policy options. digital.library.unt.edu/ark:/67531/metadc332894/
The American Opportunity Tax Credit: Overview, Analysis, and Policy Options
This report provides both an in-depth description of this tax credit and an analysis of its economic impact. This report is organized to first provide an overview of the American Opportunity Tax Credit (AOTC), followed by a legislative history that highlights the evolution of education tax credits from proposals in the 1960s through the recent extension of the AOTC at the end of 2012. This report then analyzes the credit by looking at who claims the credit, the effect education tax credits have on increasing college attendance, and administrative issues with the AOTC. Finally, this report concludes with a brief overview of various policy options, including tax law changes proposed in Chairman Camp's tax reform bill3 and in the President's FY2015 budget request. digital.library.unt.edu/ark:/67531/metadc463239/
Dynamic Scoring for Tax Legislation: A Review of Models
This report first explains dynamic scoring, including the types of effects incorporated and the types of models used, as well as what groups conduct or have conducted macroeconomic analysis of tax changes. The following section discusses the specific issues associated with tax reform. The final section discusses general issues surrounding the use of various models and reviews the empirical evidence on supply side responses. digital.library.unt.edu/ark:/67531/metadc332891/
Estate and Gift Taxes for Nonresident Aliens
This report explains the major provisions of the federal estate and gift transfer taxes for transfers by nonresident aliens in 2014. This discussion highlights the different tax rules for estates of nonresident aliens as compared to the estates of U.S. citizens and resident aliens. digital.library.unt.edu/ark:/67531/metadc332983/
Recently Expired Community Assistance Related Tax Provisions ("Tax Extenders"): In Brief
This report briefly summarizes four community assistance-related tax provisions included in the EXPIRE Act, which are (1) the New Markets Tax Credit, (2) Empowerment Zone Tax Incentives, (3) allocation of bond limitations for Qualified Zone Academy Bonds, and (4) the American Samoa Economic Development Credit. digital.library.unt.edu/ark:/67531/metadc306557/
Selected Recently Expired Business Tax Provisions ("Tax Extenders")
This report briefly summarizes and discusses the economic impact of selected business-related tax provisions that expired at the end of 2013 and that are being considered for extension. digital.library.unt.edu/ark:/67531/metadc306513/
Expired and Expiring Temporary Tax Provisions ("Tax Extenders")
This report discusses dozens of temporary tax provisions that expired at the end of 2013, and several other temporary tax provisions that are scheduled to expire at the end of 2014. digital.library.unt.edu/ark:/67531/metadc332976/
The Earned Income Tax Credit (EITC): An Overview
This report discusses the earned income tax credit (EITC), established in the tax code in 1975, which offers cash aid to working parents with relatively low incomes who care for dependent children. digital.library.unt.edu/ark:/67531/metadc306490/
Tax Reform in the 113th Congress: An Overview of Proposals
This report provides background information regarding tax reform and discusses ways to make the U.S. tax system simpler, fairer, and more efficient. digital.library.unt.edu/ark:/67531/metadc462019/
Restrictions on Itemized Tax Deductions: Policy Options and Analysis
This report analyzes various proposals to restrict itemized deductions--both across-the-board and individually tailored--using standard economic criteria of economic efficiency, distribution, simplicity, and estimated revenue effects. In particular, this report estimates each proposal's potential to contribute to revenue-neutral reductions in income tax rates and the consequences for economic behavior. digital.library.unt.edu/ark:/67531/metadc463075/
Taxation of Hedge Fund and Private Equity Managers
This report discusses the major issues surrounding the tax treatment of hedge fund and private equity managers and will be updated as legislative developments warrant. digital.library.unt.edu/ark:/67531/metadc462305/
Taxation of Unemployment Benefits
Unemployment compensation (UC) benefits have been fully subject to the federal income tax since the passage of the Tax Reform Act of 1986 (P.L. 99-514). Individuals who receive UC benefits during a year may elect to have the federal (and in some cases state) income tax withheld from their benefits. This report provides an overview of the taxation of UC benefits and legislation related to taxing UC benefits. digital.library.unt.edu/ark:/67531/metadc822046/
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