Congressional Research Service Reports - 25 Matching Results

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The Excise Tax on High-Cost Employer-Sponsored Health Coverage: Background and Economic Analysis

Description: 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 Cadilla… more
Date: August 20, 2015
Creator: Lowry, Sean
Partner: UNT Libraries Government Documents Department
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Selected Recently Expired Individual Tax Provisions ("Tax Extenders"): In Brief

Description: 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.
Date: August 20, 2015
Creator: Gravelle, Jane G.
Partner: UNT Libraries Government Documents Department
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PILT (Payments in Lieu of Taxes): Somewhat Simplified

Description: 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 2009 and 2012.
Date: February 20, 2014
Creator: Corn, M. Lynne
Partner: UNT Libraries Government Documents Department
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Taxation of Hedge Fund and Private Equity Managers

Description: This report discusses the major issues surrounding the tax treatment of hedge fund and private equity managers.
Date: June 20, 2013
Creator: Marples, Donald J.
Partner: UNT Libraries Government Documents Department
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The Rum Excise Tax Cover-Over: Legislative History and Current Issues

Description: This report provides a history and analysis of the rum cover-over program and current legislative efforts to modify the program. The congressional debate on this legislation could also lead to debate on the broader issue of the cover-over program more generally.
Date: January 20, 2010
Creator: Maguire, Steven & Teefy, Jennifer
Partner: UNT Libraries Government Documents Department
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Federal Farm Promotion ("Check-off") Programs

Description: The U.S. Supreme Court in 2005 affirmed the constitutionality of the so-called beef check-off program, one of the 18 generic promotion programs for agricultural products that are now active nationally. Supporters view check-offs as economically beneficial self-help activities that need minimal government involvement or taxpayer funding. Producers, handlers, and/or importers are required to pay an assessment, usually deducted from revenue at time of sale - thus the name check-off. However, some … more
Date: October 20, 2008
Creator: Becker, Geoffrey S.
Partner: UNT Libraries Government Documents Department
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Disaster Tax Relief for the Midwest

Description: The Midwestern Disaster Tax Relief Act of 2008 is intended to assist with the recovery from the severe weather that affected the Midwest during the summer of 2008. The Jobs, Energy, Families, and Disaster Relief Act of 2008 includes some similar provisions, but these are not limited to the Midwest disaster. The disaster relief in the three bills is similar to that provided to assist with the recovery from the 2005 hurricanes and the 2007 Kansas tornadoes. This report broadly discusses the disas… more
Date: August 20, 2008
Creator: Lunder, Erika
Partner: UNT Libraries Government Documents Department
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The Foreign Tax Credit's Interest Allocation Rules

Description: This report discusses the foreign tax credit's interest allocation rules, which alleviate the double-taxation that would result if U.S. investors' overseas income were to be taxed by both the United States and a foreign country.
Date: August 20, 2008
Creator: Gravelle, Jane G. & Marples, Donald J.
Partner: UNT Libraries Government Documents Department
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An Introduction to the Design of the Low-Income Housing Tax Credit

Description: This report discusses the Low-Income Housing Tax Credit (LIHTC), which is a federal provision that reduces the income tax liability of taxpayers claiming the credit. These taxpayers are typically investors in real estate development projects that have traded cash for the tax credits to support the production of affordable housing. The credit is intended to lower the financing costs of housing developments so that the rental prices of units can be lower than market rates, and thus, presumably, a… more
Date: June 20, 2008
Creator: Keightley, Mark P.
Partner: UNT Libraries Government Documents Department
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Energy Tax Policy

Description: No Description Available.
Date: July 20, 2004
Creator: Lazzari, Salvatore
Partner: UNT Libraries Government Documents Department
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Energy Tax Policy

Description: This report brief discusses the history, current posture, and outlook for federal energy tax policy.
Date: February 20, 2004
Creator: Lazzari, Salvatore
Partner: UNT Libraries Government Documents Department
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Social Security: Raising or Eliminating the Taxable Earnings Base

Description: Social Security taxes are levied on earnings up to a maximum level set each year. In 2004, this maximum — or what is referred to as the taxable earnings base — is $87,900. There is no similar base for the Medicare Hospital Insurance (HI) portion of the tax; all earnings are taxable for HI purposes. Elimination of the HI base was proposed by President Clinton and enacted in 1993, effectively beginning in 1994. Recently others have proposed that the base for Social Security be raised or eliminate… more
Date: January 20, 2004
Creator: Haltzel, Laura
Partner: UNT Libraries Government Documents Department
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Energy Tax Policy

Description: Omnibus energy legislation (H.R. 4) that is now in conference would expand energy tax incentives significantly. The House passed the bill on August 2, 2001, and the Senate approved its version April 25, 2002. Several energy tax issues are addressed in these bills: 1) tax incentives to increase the supply of oil and gas, and the demand for coal; 2) energy tax issues relating to energy conservation and energy efficiency; 3) energy tax issues relating to alternative fuels; 4) selected issues relat… more
Date: August 20, 2003
Creator: Lazzari, Salvatore
Partner: UNT Libraries Government Documents Department
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Economic Analysis of the Charitable Contribution Deduction for Non-Itemizers

Description: This report summarizes the provisions affecting charitable contribution deductions of individuals, and then analyzes the incentive such a deduction would create for increased charitable giving beginning with the original proposal for a relatively low cap and then considering other approaches including the current one. It does not attempt to estimate other types of societal impacts. The non-itemizer’s charitable deduction was the single most important tax provision in the original version of H.R… more
Date: September 20, 2002
Creator: Gravelle, Jane G.
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: September 20, 2002
Creator: Brumbaugh, David L.
Partner: UNT Libraries Government Documents Department
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Passthrough Organizations Not Taxed As Corporations

Description: This report describes the various forms of tax conduit organizations found in the Internal Revenue Code (IRC), or the Internal Revenue Services (IRS) regulations and discusses how the form of organization affects the tax situation of the owners. It is organized according to the major types of conduit organization.
Date: August 20, 2002
Creator: Taylor, Jack H.
Partner: UNT Libraries Government Documents Department
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