Congressional Research Service Reports - 36 Matching Results

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Recently Expired Individual Tax Provisions (Tax Extenders"): In Brief

Description: This report provides background information on three individual income tax provisions (Tax Exclusion for Canceled Mortgage Debt, Mortgage Insurance Premium Deductibility, and Above-the-Line Deduction for Qualified Tuition and Related Expenses) that expired in 2017.
Date: March 30, 2018
Creator: Sherlock, Molly F.; Keightley, Mark P.; Gravelle, Jane G. & Driessen, Grant A.
Partner: UNT Libraries Government Documents Department
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Import Tariff or Border Tax: What is the Difference and Why Does it Matter?

Description: This report briefly describes the difference between import tariffs and border taxes and whether the President may unilaterally impose them without congressional approval.
Date: January 30, 2017
Creator: Library of Congress. Congressional Research Service.
Partner: UNT Libraries Government Documents Department
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Estimated Federal Tax Payments By Residents of Individual States Compared to Estimated Federal Outlays in the States, Fiscal Year 1977

Description: From summary: "This report uses statistical information designed for other purposes to develop interstate comparisons of Federal taxes paid by State residents and Federal funds expended within the State. Emphasis is given to figures showing percentage distributions, per capita data, and State rankings."
Date: August 30, 1978
Creator: Rymarowicz, Lillian
Partner: UNT Libraries Government Documents Department
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The First-Time Homebuyer Tax Credit

Description: No Description Available.
Date: September 30, 2009
Creator: Pettit, Carol A.
Partner: UNT Libraries Government Documents Department
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Federal Deductibility of State and Local Taxes

Description: This report addresses the potential impact of changing the status of federal deductibility on state and local government tax systems, individual taxpayers, and the federal budget.
Date: September 30, 2008
Creator: Maguire, Steven
Partner: UNT Libraries Government Documents Department
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Analysis of the Tax Exclusion for Canceled Mortgage Debt Income

Description: 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.
Date: December 30, 2015
Creator: Keightley, Mark P. & Lunder, Erika
Partner: UNT Libraries Government Documents Department
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The Federal Tax Treatment of Married Same- Sex Couples

Description: This report provides an overview of the federal tax treatment of same-sex married couples, with a focus on the federal income tax.
Date: July 30, 2015
Creator: Crandall-Hollick, Margot L.; Pettit, Carol A. & Sherlock, Molly F.
Partner: UNT Libraries Government Documents Department
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An Analysis of the Geographic Distribution of the Mortgage Interest Deduction

Description: This report analyzes variation in the mortgage interest deduction tax expenditure across states. Tax expenditures, such as the mortgage interest deduction, can generally be viewed as government spending administered via the tax code, or as tax incentives that are intended to achieve particular policy objectives. Regardless of the interpretation, tax expenditures provide a benefit to qualifying taxpayers by lowering their federal tax liabilities.
Date: January 30, 2014
Creator: Keightley, Mark P.
Partner: UNT Libraries Government Documents Department
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Selected Recently Expired Business Tax Provisions ("Tax Extenders")

Description: 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.
Date: April 30, 2014
Creator: Gravelle, Jane G.; Marples, Donald J. & Sherlock, Molly F.
Partner: UNT Libraries Government Documents Department
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Oil and Natural Gas Industry Tax Issues in the FY2014 Budget Proposal

Description: This report discusses the FY2014 budget proposal that outlines a set of proposals, framed as the termination of tax preferences, that would potentially increase the taxes paid by the oil and natural gas industries, especially those of the independent producers.
Date: October 30, 2013
Creator: Pirog, Robert
Partner: UNT Libraries Government Documents Department
open access

Addressing the Long-Run Budget Deficit: A Comparison of Approaches

Description: Report that examines alternative approaches to reducing the deficit, relating to the immediate issues arising from the Budget Control Act and the expiring tax cuts as well as to ongoing longer term decisions about how to bring the debt under control.
Date: November 30, 2012
Creator: Gravelle, Jane G.
Partner: UNT Libraries Government Documents Department
open access

The Alternative Minimum Tax for Individuals

Description: This report provides a brief overview of the alternative minimum tax (AMT) for individuals, discusses the issues associated with the current system, and describes current legislation to amend the AMT. The report will be updated as legislative action warrants.
Date: April 30, 2004
Creator: Esenwein, Gregg A.
Partner: UNT Libraries Government Documents Department
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Export Tax Benefits and the WTO: Foreign Sales Corporations and the Extraterritorial Replacement Provisions

Description: The U.S. tax code’s Foreign Sales Corporation (FSC) provisions provided a tax benefit for U.S. exporters. However, the European Union (EU) in 1997 charged that the provision was an export subsidy and thus contravened the World Trade Organization (WTO) agreements. A WTO ruling upheld the EU complaint, and to avoid WTO sanctioned retaliatory tariffs, U.S. legislation in November 2000 replaced FSC with the “extraterritorial income” (ETI) provisions, consisting of a redesigned export tax benefit of… more
Date: January 30, 2003
Creator: Brumbaugh, David L.
Partner: UNT Libraries Government Documents Department
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The Child Tax Credit and the President's Tax Cut Plan

Description: The child tax credit was enacted as part of the Taxpayer Relief Act of 1997. The current credit is $500 per qualifying child. President Bush has proposed increasing the child tax credit to $1,000 per qualifying child. The President has also proposed making permanent the temporary rule in current law that allows the child tax credit to offset a taxpayer’s alternative minimum tax.
Date: March 30, 2001
Creator: Esenwein, Gregg A.
Partner: UNT Libraries Government Documents Department
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Charitable Choice, Faith-Based Initiatives, and TANF

Description: The 108th Congress has resumed efforts to pass tax incentives for private giving (S. 476, passed by the Senate on April 9, and H.R. 7, introduced May 7, 2003). However, these bills do not contain provisions intended to promote religious organizations as providers of federally funded social services – charitable choice provisions.. The House voted in 2001 to extend charitable choice rules, which now apply to a limited set of programs, to numerous new programs (H.R. 7 in the 107th Congress), as t… more
Date: September 30, 2003
Creator: Burke, Vee
Partner: UNT Libraries Government Documents Department
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Firms That Incorporate Abroad for Tax Purposes: Corporate "Inversions" and "Expatriation"

Description: This report provides information about the Corporate "Inversions" and "Expatriation" on Firms That Incorporate Abroad for Tax Purposes where increasing number of U.S firms have altered their structure by substituting a foreign parent corporation for a domestic one.
Date: January 30, 2003
Creator: Brumbaugh, David L.
Partner: UNT Libraries Government Documents Department
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