S.Amdt. 3063
What it does: Adds PART IV--CERTAIN PROVISIONS MADE PERMANENT at the end of subtitle A of title I
Sen. Orrin G. Hatch (R-UT)What it changes
1 change to H.R. 3474
Adds PART IV--CERTAIN PROVISIONS MADE PERMANENT at the end of subtitle A of title I
Adds a sectionInserted: PART IV--CERTAIN PROVISIONS MADE PERMANENT
Inserted: SEC. 162. PERMANENT EXTENSION OF MILITARY HOUSING ALLOWANCE EXCLUSION FOR DETERMINING WHETHER A TENANT IN CERTAIN COUNTIES IS LOW-INCOME.
Inserted: (a) In General.--Subsection (b) of section 3005 of the Housing Assistance Tax Act of 2008, as amended by this Act, is amended by striking "and before January 1, 2016" each place it appears.
Inserted: (b) Effective Date.--The amendments made by this section shall take effect as if included in the enactment of section 3005 of the Housing Assistance Tax Act of 2008.
Inserted: SEC. 163. PERMANENT EXTENSION OF SPECIAL RULE FOR CONTRIBUTIONS OF CAPITAL GAIN REAL PROPERTY MADE FOR CONSERVATION PURPOSES.
Inserted: (a) In General.--Section 170(b)(1)(E), as amended by this Act, is amended by striking clause (vi).
Inserted: (b) Contributions by Certain Corporate Farmers and Ranchers.--Section 170(b)(2)(B), as amended by this Act, is amended by striking clause (iii).
Inserted: (c) Effective Date.--The amendments made by this section shall apply to contributions made in taxable years beginning after December 31, 2015.
Inserted: SEC. 164. PERMANENT EXTENSION OF ENHANCED CHARITABLE DEDUCTION FOR CONTRIBUTIONS OF FOOD INVENTORY.
Inserted: (a) In General.--Section 170(e)(3)(C), as amended by this Act, is amended by striking clause (iv).
Inserted: (b) Effective Date.--The amendment made by this section shall apply to contributions made after December 31, 2015.
Inserted: SEC. 165. PERMANENT EXTENSION OF TAX-FREE DISTRIBUTIONS FROM INDIVIDUAL RETIREMENT PLANS FOR CHARITABLE PURPOSES.
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Inserted: (a) In General.--Section 408(d)(8), as amended by this Act, is amended by striking subparagraph (F).
Inserted: (b) Effective Date.--The amendment made by this section shall apply to distributions made in taxable years beginning after December 31, 2015.
Inserted: SEC. 166. PERMANENT EXTENSION OF MODIFICATION OF TAX TREATMENT OF CERTAIN PAYMENTS TO CONTROLLING EXEMPT ORGANIZATIONS.
Inserted: (a) In General.--Section 512(b)(13)(E), as amended by this Act, is amended by striking clause (iv).
Inserted: (b) Effective Date.--The amendment made by this section shall apply to payments received or accrued after December 31, 2015.
Inserted: SEC. 167. PERMANENT EXTENSION OF BASIS ADJUSTMENT TO STOCK OF S CORPORATIONS MAKING CHARITABLE CONTRIBUTIONS OF PROPERTY.
Inserted: (a) In General.--Paragraph (2) of section 1367(a), as amended by this Act, is amended by striking the last sentence.
Inserted: (b) Effective Date.--The amendment made by this section shall apply to contributions made in taxable years beginning after December 31, 2015.
Original wording
At the end of subtitle A of title I, insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 3063. Mr. HATCH submitted an amendment intended to be proposed by him to the bill H.R. 3474, to amend the Internal Revenue Code of 1986 to allow employers to exempt employees with health coverage under TRICARE or the Veterans Administration from being taken into account for purposes of the employer mandate under the Patient Protection and Affordable Care Act; which was ordered to lie on the table; as follows:
At the end of subtitle A of title I, insert the following:
PART IV--CERTAIN PROVISIONS MADE PERMANENT
SEC. 162. PERMANENT EXTENSION OF MILITARY HOUSING ALLOWANCE EXCLUSION FOR DETERMINING WHETHER A TENANT IN CERTAIN COUNTIES IS LOW-INCOME.
(a) In General.--Subsection (b) of section 3005 of the Housing Assistance Tax Act of 2008, as amended by this Act, is amended by striking “and before January 1, 2016” each place it appears.
(b) Effective Date.--The amendments made by this section shall take effect as if included in the enactment of section 3005 of the Housing Assistance Tax Act of 2008.
SEC. 163. PERMANENT EXTENSION OF SPECIAL RULE FOR CONTRIBUTIONS OF CAPITAL GAIN REAL PROPERTY MADE FOR CONSERVATION PURPOSES.
(a) In General.--Section 170(b)(1)(E), as amended by this Act, is amended by striking clause (vi).
(b) Contributions by Certain Corporate Farmers and Ranchers.--Section 170(b)(2)(B), as amended by this Act, is amended by striking clause (iii).
(c) Effective Date.--The amendments made by this section shall apply to contributions made in taxable years beginning after December 31, 2015.
SEC. 164. PERMANENT EXTENSION OF ENHANCED CHARITABLE DEDUCTION FOR CONTRIBUTIONS OF FOOD INVENTORY.
(a) In General.--Section 170(e)(3)(C), as amended by this Act, is amended by striking clause (iv).
(b) Effective Date.--The amendment made by this section shall apply to contributions made after December 31, 2015.
SEC. 165. PERMANENT EXTENSION OF TAX-FREE DISTRIBUTIONS FROM INDIVIDUAL RETIREMENT PLANS FOR CHARITABLE PURPOSES.
(a) In General.--Section 408(d)(8), as amended by this Act, is amended by striking subparagraph (F).
(b) Effective Date.--The amendment made by this section shall apply to distributions made in taxable years beginning after December 31, 2015.
SEC. 166. PERMANENT EXTENSION OF MODIFICATION OF TAX TREATMENT OF CERTAIN PAYMENTS TO CONTROLLING EXEMPT ORGANIZATIONS.
(a) In General.--Section 512(b)(13)(E), as amended by this Act, is amended by striking clause (iv).
(b) Effective Date.--The amendment made by this section shall apply to payments received or accrued after December 31, 2015.
SEC. 167. PERMANENT EXTENSION OF BASIS ADJUSTMENT TO STOCK OF S CORPORATIONS MAKING CHARITABLE CONTRIBUTIONS OF PROPERTY.
(a) In General.--Paragraph (2) of section 1367(a), as amended by this Act, is amended by striking the last sentence.
(b) Effective Date.--The amendment made by this section shall apply to contributions made in taxable years beginning after December 31, 2015.
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Senate amendment submitted
May 13, 2014