S.Amdt. 2505

SA 2505. Mr. McCONNELL submitted an amendment intended to be proposed
to amendment SA 2266 proposed by Mr. McConnell to the bill H.R. 22, to
amend the Internal Revenue Code of 1986 to exempt employees with health
coverage under TRICARE or the Veterans Administration from being taken
into account for purposes of determining the employers to which the
employer mandate applies under the Patient Protection and Affordable
Care Act; which was ordered to lie on the table; as follows:

Beginning on page 901, strike line 15 and all that follows
through page 949, line 5, and insert the following:

DIVISION E--FINANCE

SEC. 50001. SHORT TITLE.

This division may be cited as the ``Transportation Funding
Act of 2015''.

TITLE LI--HIGHWAY TRUST FUND AND RELATED TAXES

Subtitle A--Extension of Trust Fund Expenditure Authority and Related
Taxes

SEC. 51101. EXTENSION OF TRUST FUND EXPENDITURE AUTHORITY.

(a) Highway Trust Fund.--Section 9503 of the Internal
Revenue Code of 1986, as amended by division G, is amended--
(1) by striking ``October 1, 2015'' in subsections
(b)(6)(B), (c)(1), and (e)(3) and inserting ``October 1,
2021'', and
(2) by striking ``Surface Transportation Extension Act of
2015'' in subsections (c)(1) and (e)(3) and inserting ``DRIVE
Act''.
(b) Sport Fish Restoration and Boating Trust Fund.--Section
9504 of the Internal Revenue Code of 1986, as amended by
division G is amended--
(1) by striking ``Surface Transportation Extension Act of
2015'' each place it appears in subsection (b)(2) and
inserting ``DRIVE Act'', and
(2) by striking ``October 1, 2015'' in subsection (d)(2)
and inserting ``October 1, 2021''.
(c) Leaking Underground Storage Tank Trust Fund.--Paragraph
(2) of section 9508(e) of the Internal Revenue Code of 1986,
as amended by division G, is amended by striking ``October 1,
2015'' and inserting ``October 1, 2021''.
(d) Effective Date.--The amendments made by this section
shall take effect on August 1, 2015.

SEC. 51102. EXTENSION OF HIGHWAY-RELATED TAXES.

(a) In General.--
(1) Each of the following provisions of the Internal
Revenue Code of 1986 is amended by striking ``September 30,
2016'' and inserting ``September 30, 2023'':
(A) Section 4041(a)(1)(C)(iii)(I).
(B) Section 4041(m)(1)(B).
(C) Section 4081(d)(1).
(2) Each of the following provisions of such Code is
amended by striking ``October 1, 2016'' and inserting
``October 1, 2023'':
(A) Section 4041(m)(1)(A).
(B) Section 4051(c).
(C) Section 4071(d).
(D) Section 4081(d)(3).
(b) Extension of Tax, etc., on Use of Certain Heavy
Vehicles.--Each of the following provisions of the Internal
Revenue Code of 1986 is amended by striking ``2017'' each
place it appears and inserting ``2024'':
(1) Section 4481(f).
(2) Subsections (c)(4) and (d) of section 4482.
(c) Floor Stocks Refunds.--Section 6412(a)(1) of the
Internal Revenue Code of 1986 is amended--
(1) by striking ``October 1, 2016'' each place it appears
and inserting ``October 1, 2023'',
(2) by striking ``March 31, 2017'' each place it appears
and inserting ``March 31, 2024'', and
(3) by striking ``January 1, 2017'' and inserting ``January
1, 2024''.
(d) Extension of Certain Exemptions.--
(1) Section 4221(a) of the Internal Revenue Code of 1986 is
amended by striking ``October 1, 2016'' and inserting
``October 1, 2023''.
(2) Section 4483(i) of such Code is amended by striking
``October 1, 2017'' and inserting ``October 1, 2024''.
(e) Extension of Transfers of Certain Taxes.--
(1) In general.--Section 9503 of the Internal Revenue Code
of 1986 is amended--
(A) in subsection (b)--
(i) by striking ``October 1, 2016'' each place it appears
in paragraphs (1) and (2) and inserting ``October 1, 2023'',
(ii) by striking ``October 1, 2016'' in the heading of
paragraph (2) and inserting ``October 1, 2023'',
(iii) by striking ``September 30, 2016'' in paragraph (2)
and inserting ``September 30, 2023'', and
(iv) by striking ``July 1, 2017'' in paragraph (2) and
inserting ``July 1, 2024'', and
(B) in subsection (c)(2), by striking ``July 1, 2017'' and
inserting ``July 1, 2024''.
(2) Motorboat and small-engine fuel tax transfers.--
(A) In general.--Paragraphs (3)(A)(i) and (4)(A) of section
9503(c) of such Code are each amended by striking ``October
1, 2016'' and inserting ``October 1, 2023''.
(B) Conforming amendments to land and water conservation
fund.--Section 200310 of title 54, United States Code, is
amended--

[[Page S5881]]

(i) by striking ``October 1, 2017'' each place it appears
and inserting ``October 1, 2024'', and
(ii) by striking ``October 1, 2016'' and inserting
``October 1, 2023''.
(f) Effective Date.--The amendments made by this section
shall take effect on October 1, 2016.

Subtitle B--Additional Transfers to Highway Trust Fund

SEC. 51201. FURTHER ADDITIONAL TRANSFERS TO TRUST FUND.

Subsection (f) of section 9503 of the Internal Revenue Code
of 1986 is amended by redesignating paragraph (7) as
paragraph (9) and by inserting after paragraph (6) the
following new paragraphs:
``(7) Further transfers to trust fund.--Out of money in the
Treasury not otherwise appropriated, there is hereby
appropriated--
``(A) $33,159,000,000 to the Highway Account (as defined in
subsection (e)(5)(B)) in the Highway Trust Fund; and
``(B) $10,556,000,000 to the Mass Transit Account in the
Highway Trust Fund.
``(8) Additional increase in fund balance.--There is hereby
transferred to the Highway Account (as defined in subsection
(e)(5)(B)) in the Highway Trust Fund amounts appropriated
from the Leaking Underground Storage Tank Trust Fund under
section 9508(c)(4).''.

SEC. 51202. TRANSFER TO HIGHWAY TRUST FUND OF CERTAIN MOTOR
VEHICLE SAFETY PENALTIES.

(a) In General.--Paragraph (5) of section 9503(b) of the
Internal Revenue Code of 1986 is amended--
(1) by striking ``There are hereby'' and inserting the
following:
``(A) In general.--There are hereby'', and
(2) by adding at the end the following new paragraph:
``(B) Penalties related to motor vehicle safety.--
``(i) In general.--There are hereby appropriated to the
Highway Trust Fund amounts equivalent to covered motor
vehicle safety penalty collections.
``(ii) Covered motor vehicle safety penalty collections.--
For purposes of this subparagraph, the term `covered motor
vehicle safety penalty collections' means any amount
collected in connection with a civil penalty under section
30165 of title 49, United States Code, reduced by any award
authorized by the Secretary of Transportation to be paid to
any person in connection with information provided by such
person related to a violation of chapter 301 of such title
which is a predicate to such civil penalty.''.
(b) Effective Date.--The amendments made by this section
shall apply to amounts collected after the date of the
enactment of this Act.

SEC. 51203. APPROPRIATION FROM LEAKING UNDERGROUND STORAGE
TANK TRUST FUND.

(a) In General.--Subsection (c) of section 9508 of the
Internal Revenue Code of 1986 is amended by adding at the end
the following new paragraph:
``(4) Additional transfer to highway trust fund.--Out of
amounts in the Leaking Underground Storage Tank Trust Fund
there is hereby appropriated--
``(A) on the date of the enactment of the DRIVE Act,
$100,000,000,
``(B) on October 1, 2016, $100,000,000, and
``(C) on October 1, 2017, $100,000,000,

to be transferred under section 9503(f)(8) to the Highway
Account (as defined in section 9503(e)(5)(B)) in the Highway
Trust Fund.''.
(b) Conforming Amendment.--Section 9508(c)(1) of the
Internal Revenue Code of 1986 is amended by striking
``paragraphs (2) and (3)'' and inserting ``paragraphs (2),
(3), and (4)''.

TITLE LII--OFFSETS

Subtitle A--Tax Provisions

SEC. 52101. CONSISTENT BASIS REPORTING BETWEEN ESTATE AND
PERSON ACQUIRING PROPERTY FROM DECEDENT.

(a) Property Acquired From a Decedent.--
(1) In general.--Section 1014 of the Internal Revenue Code
of 1986 is amended by adding at the end the following new
subsection:
``(f) Basis Must Be Consistent With Estate Tax Value.--
``(1) In general.--The basis under subsection (a) of any
property shall not exceed--
``(A) in the case of property the value of which has been
finally determined for purposes of the tax imposed by chapter
11 on the estate of such decedent, such value, and
``(B) in the case of property not described in subparagraph
(A) and with respect to which a statement has been furnished
under section 6035(a) identifying the value of such property,
such value.
``(2) Determination.--For purposes of paragraph (1), the
value of property has been finally determined for purposes of
the tax imposed by chapter 11 if--
``(A) the value of such property is shown on a return under
section 6018 and such value is not contested by the Secretary
before the expiration of the time for assessing a tax under
chapter 11,
``(B) in a case not described in subparagraph (A), the
value is specified by the Secretary and such value is not
timely contested by the executor of the estate, or
``(C) the value is determined by a court or pursuant to a
settlement agreement with the Secretary.
``(3) Regulations.--The Secretary may by regulations
provide exceptions to the application of this subsection.''.
(2) Effective date.--The amendments made by this subsection
shall apply to property with respect to which an estate tax
return is filed after the date of the enactment of this Act.
(b) Information Reporting.--
(1) In general.--Subpart A of part III of subchapter A of
chapter 61 of the Internal Revenue Code of 1986 is amended by
inserting after section 6034A the following new section:

``SEC. 6035. BASIS INFORMATION TO PERSONS ACQUIRING PROPERTY
FROM DECEDENT.

``(a) Information With Respect to Property Acquired From
Decedents.--
``(1) In general.--The executor of any estate required to
file a return under section 6018(a) shall furnish to the
Secretary and to each person acquiring any interest in
property included in the decedent's gross estate for Federal
estate tax purposes a statement identifying the value of each
interest in such property as reported on such return and such
other information with respect to such interest as the
Secretary may prescribe.
``(2) Statements by beneficiaries.--Each person required to
file a return under section 6018(b) shall furnish to the
Secretary and to each other person who holds a legal or
beneficial interest in the property to which such return
relates a statement identifying the information described in
paragraph (1).
``(3) Time for furnishing statement.--
``(A) In general.--Each statement required to be furnished
under paragraph (1) or (2) shall be furnished at such time as
the Secretary may prescribe, but in no case at a time later
than the earlier of--
``(i) the date which is 30 days after the date on which the
return under section 6018 was required to be filed (including
extensions, if any), or
``(ii) the date which is 30 days after the date such return
is filed.
``(B) Adjustments.--In any case in which there is an
adjustment to the information required to be included on a
statement filed under paragraph (1) or (2) after such
statement has been filed, a supplemental statement under such
paragraph shall be filed not later than the date which is 30
days after such adjustment is made.
``(b) Regulations.--The Secretary shall prescribe such
regulations as necessary to carry out this section, including
regulations relating to--
``(1) the extension of this section to property of estates
not required to file an estate tax return, and
``(2) situations in which the surviving joint tenant or
other recipient may have better information than the executor
regarding the basis or fair market value of the property.''.
(2) Penalty for failure to file.--
(A) Return.--Section 6724(d)(1) of such Code is amended by
striking ``and'' at the end of subparagraph (B), by striking
the period at the end of subparagraph (C) and inserting ``,
and'', and by adding at the end the following new
subparagraph:
``(D) any statement required to be filed with the Secretary
under section 6035.''.
(B) Statement.--Section 6724(d)(2) of such Code is amended
by striking ``or'' at the end of subparagraph (GG), by
striking the period at the end of subparagraph (HH) and
inserting ``, or'', and by adding at the end the following
new subparagraph:

``(II) section 6035 (other than a statement described in
paragraph (1)(D)).''.

(3) Clerical amendment.--The table of sections for subpart
A of part III of subchapter A of chapter 61 of such Code is
amended by inserting after the item relating to section 6034A
the following new item:

``SEC. 6035. BASIS INFORMATION TO PERSONS ACQUIRING PROPERTY
FROM DECEDENT.''.

(4) Effective date.--The amendments made by this subsection
shall take effect on the date of the enactment of this Act.
(c) Penalty for Inconsistent Reporting.--
(1) In general.--Subsection (b) of section 6662 of the
Internal Revenue Code of 1986 is amended by inserting after
paragraph (7) the following new paragraph:
``(8) Any inconsistent estate basis.''.
(2) Inconsistent basis reporting.--Section 6662 of such
Code is amended by adding at the end the following new
subsection:
``(k) Inconsistent Estate Basis Reporting.--For purposes of
this section, there is an `inconsistent estate basis' if the
basis of property (determined without regard to adjustments
to basis during the period the property was held by the
taxpayer) claimed on a return exceeds the basis as determined
under section 1014(f).''.
(3) Effective date.--The amendments made by this subsection
shall apply to returns filed after the date of the enactment
of this Act.

SEC. 52102. REVOCATION OR DENIAL OF PASSPORT IN CASE OF
CERTAIN UNPAID TAXES.

(a) In General.--Subchapter D of chapter 75 of the Internal
Revenue Code of 1986 is amended by adding at the end the
following new section:

``SEC. 7345. REVOCATION OR DENIAL OF PASSPORT IN CASE OF
CERTAIN TAX DELINQUENCIES.

``(a) In General.--If the Secretary receives certification
by the Commissioner of Internal Revenue that any individual
has a seriously delinquent tax debt in an amount in excess of
$50,000, the Secretary shall transmit such certification to
the Secretary of State for action with respect to denial,
revocation, or limitation of a passport pursuant to section
52102(d) of the Transportation Funding Act of 2015.

[[Page S5882]]

``(b) Seriously Delinquent Tax Debt.--For purposes of this
section, the term `seriously delinquent tax debt' means an
outstanding debt under this title for which a notice of lien
has been filed in public records pursuant to section 6323 or
a notice of levy has been filed pursuant to section 6331,
except that such term does not include--
``(1) a debt that is being paid in a timely manner pursuant
to an agreement under section 6159 or 7122, and
``(2) a debt with respect to which collection is suspended
because a collection due process hearing under section 6330,
or relief under subsection (b), (c), or (f) of section 6015,
is requested or pending.
``(c) Adjustment for Inflation.--In the case of a calendar
year beginning after 2016, the dollar amount in subsection
(a) shall be increased by an amount equal to--
``(1) such dollar amount, multiplied by
``(2) the cost-of-living adjustment determined under
section 1(f)(3) for the calendar year, determined by
substituting `calendar year 2015' for `calendar year 1992' in
subparagraph (B) thereof.

If any amount as adjusted under the preceding sentence is not
a multiple of $1,000, such amount shall be rounded to the
next highest multiple of $1,000.''.
(b) Clerical Amendment.--The table of sections for
subchapter D of chapter 75 of the Internal Revenue Code of
1986 is amended by adding at the end the following new item:

``Sec. 7345. Revocation or denial of passport in case of certain tax
delinquencies.''.

(c) Authority for Information Sharing.--
(1) In general.--Subsection (l) of section 6103 of the
Internal Revenue Code of 1986 is amended by adding at the end
the following new paragraph:
``(23) Disclosure of return information to department of
state for purposes of passport revocation under section
7345.--
``(A) In general.--The Secretary shall, upon receiving a
certification described in section 7345, disclose to the
Secretary of State return information with respect to a
taxpayer who has a seriously delinquent tax debt described in
such section. Such return information shall be limited to--
``(i) the taxpayer identity information with respect to
such taxpayer, and
``(ii) the amount of such seriously delinquent tax debt.
``(B) Restriction on disclosure.--Return information
disclosed under subparagraph (A) may be used by officers and
employees of the Department of State for the purposes of, and
to the extent necessary in, carrying out the requirements of
section 52102(d) of the Transportation Funding Act of
2015.''.
(2) Conforming amendment.--Paragraph (4) of section 6103(p)
of such Code is amended by striking ``or (22)'' each place it
appears in subparagraph (F)(ii) and in the matter preceding
subparagraph (A) and inserting ``(22), or (23)''.
(d) Authority to Deny or Revoke Passport.--
(1) Denial.--
(A) In general.--Except as provided under subparagraph (B),
upon receiving a certification described in section 7345 of
the Internal Revenue Code of 1986 from the Secretary of the
Treasury, the Secretary of State shall not issue a passport
to any individual who has a seriously delinquent tax debt
described in such section.
(B) Emergency and humanitarian situations.--Notwithstanding
subparagraph (A), the Secretary of State may issue a
passport, in emergency circumstances or for humanitarian
reasons, to an individual described in such subparagraph.
(2) Revocation.--
(A) In general.--The Secretary of State may revoke a
passport previously issued to any individual described in
paragraph (1)(A).
(B) Limitation for return to united states.--If the
Secretary of State decides to revoke a passport under
subparagraph (A), the Secretary of State, before revocation,
may--
(i) limit a previously issued passport only for return
travel to the United States; or
(ii) issue a limited passport that only permits return
travel to the United States.
(3) Hold harmless.--The Secretary of the Treasury and the
Secretary of State shall not be liable to an individual for
any action with respect to a certification by the
Commissioner of Internal Revenue under section 7345 of the
Internal Revenue Code of 1986.
(e) Revocation or Denial of Passport in Case of Individual
Without Social Security Account Number.--
(1) Denial.--
(A) In general.--Except as provided under subparagraph (B),
upon receiving an application for a passport from an
individual that either--
(i) does not include the social security account number
issued to that individual, or
(ii) includes an incorrect or invalid social security
number willfully, intentionally, negligently, or recklessly
provided by such individual,

the Secretary of State is authorized to deny such application
and is authorized to not issue a passport to the individual.
(B) Emergency and humanitarian situations.--Notwithstanding
subparagraph (A), the Secretary of State may issue a
passport, in emergency circumstances or for humanitarian
reasons, to an individual described in subparagraph (A).
(2) Revocation.--
(A) In general.--The Secretary of State may revoke a
passport previously issued to any individual described in
paragraph (1)(A).
(B) Limitation for return to united states.--If the
Secretary of State decides to revoke a passport under
subparagraph (A), the Secretary of State, before revocation,
may--
(i) limit a previously issued passport only for return
travel to the United States; or
(ii) issue a limited passport that only permits return
travel to the United States.
(f) Effective Date.--The provisions of, and amendments made
by, this section shall take effect on January 1, 2016.

SEC. 52103. CLARIFICATION OF 6-YEAR STATUTE OF LIMITATIONS IN
CASE OF OVERSTATEMENT OF BASIS.

(a) In General.--Subparagraph (B) of section 6501(e)(1) of
the Internal Revenue Code of 1986 is amended--
(1) by striking ``and'' at the end of clause (i), by
redesignating clause (ii) as clause (iii), and by inserting
after clause (i) the following new clause:
``(ii) An understatement of gross income by reason of an
overstatement of unrecovered cost or other basis is an
omission from gross income; and'',
(2) by inserting ``(other than in the case of an
overstatement of unrecovered cost or other basis)'' in clause
(iii) (as so redesignated) after ``In determining the amount
omitted from gross income'', and
(3) by inserting ``amount omitted from'' after
``Determination of'' in the heading thereof.
(b) Effective Date.--The amendments made by this section
shall apply to--
(1) returns filed after the date of the enactment of this
Act, and
(2) returns filed on or before such date if the period
specified in section 6501 of the Internal Revenue Code of
1986 (determined without regard to such amendments) for
assessment of the taxes with respect to which such return
relates has not expired as of such date.

SEC. 52104. ADDITIONAL INFORMATION ON RETURNS RELATING TO
MORTGAGE INTEREST.

(a) In General.--Paragraph (2) of section 6050H(b) of the
Internal Revenue Code of 1986 is amended by striking ``and''
at the end of subparagraph (C), by redesignating subparagraph
(D) as subparagraph (G), and by inserting after subparagraph
(C) the following new subparagraphs:
``(D) the amount of outstanding principal on the mortgage
as of the beginning of such calendar year,
``(E) the address of the property securing such mortgage,
``(F) the date of the origination of such mortgage, and''.
(b) Payee Statements.--Subsection (d) of section 6050H of
the Internal Revenue Code of 1986 is amended by striking
``and'' at the end of paragraph (1), by striking the period
at the end of paragraph (2) and inserting ``, and'', and by
inserting after paragraph (2) the following new paragraph:
``(3) the information required to be included on the return
under subparagraphs (D), (E), and (F) of subsection
(b)(2).''.
(c) Effective Date.--The amendments made by this section
shall apply to returns and statements the due date for which
(determined without regard to extensions) is after December
31, 2016.

SEC. 52105. RETURN DUE DATE MODIFICATIONS.

(a) New Due Date for Partnership Form 1065, S Corporation
Form 1120S, and C Corporation Form 1120.--
(1) Partnerships.--
(A) In general.--Section 6072 of the Internal Revenue Code
of 1986 is amended by adding at the end the following new
subsection:
``(f) Returns of Partnerships.--Returns of partnerships
under section 6031 made on the basis of the calendar year
shall be filed on or before the 15th day of March following
the close of the calendar year, and such returns made on the
basis of a fiscal year shall be filed on or before the 15th
day of the third month following the close of the fiscal
year.''.
(B) Conforming amendment.--Section 6072(a) of such Code is
amended by striking ``6017, or 6031'' and inserting ``or
6017''.
(2) S corporations.--
(A) In general.--So much of subsection (b) of section 6072
of the Internal Revenue Code of 1986 as precedes the second
sentence thereof is amended to read as follows:
``(b) Returns of Certain Corporations.--Returns of S
corporations under sections 6012 and 6037 made on the basis
of the calendar year shall be filed on or before the 31st day
of March following the close of the calendar year, and such
returns made on the basis of a fiscal year shall be filed on
or before the last day of the third month following the close
of the fiscal year.''.
(B) Conforming amendments.--
(i) Section 1362(b) of such Code is amended--

(I) by striking ``15th'' each place it appears and
inserting ``last'',
(II) by striking ``2\1/2\'' each place it appears in the
headings and the text and inserting ``3'', and
(III) by striking ``2 months and 15 days'' in paragraph (4)
and inserting ``3 months''.

(ii) Section 1362(d)(1)(C)(i) of such Code is amended by
striking ``15th'' and inserting ``last''.
(iii) Section 1362(d)(1)(C)(ii) of such Code is amended by
striking ``such 15th day'' and inserting ``the last day of
the 3d month thereof''.
(3) Conforming amendments relating to c corporations.--

[[Page S5883]]

(A) Section 170(a)(2)(B) of such Code is amended by
striking ``third month'' and inserting ``4th month''.
(B) Section 563 of such Code is amended by striking ``third
month'' each place it appears and inserting ``4th month''.
(C) Section 1354(d)(1)(B)(i) of such Code is amended by
striking ``3d month'' and inserting ``4th month''.
(D) Subsection (a) and (c) of section 6167 of such Code are
each amended by striking ``third month'' and inserting ``4th
month''.
(E) Section 6425(a)(1) of such Code is amended by striking
``third month'' and inserting ``4th month''.
(F) Section 6655 of such Code is amended--
(i) by striking ``3rd month'' each place it appears in
subsections (b)(2)(A), (g)(3), and (h)(1) and inserting ``4th
month'', and
(ii) in subsection (g)(4), by redesignating subparagraph
(E) as subparagraph (F) and by inserting after subparagraph
(D) the following new subparagraph:
``(E) Subsection (b)(2)(A) shall be applied by substituting
`the last day of the 3rd month' for `the 15th day of the 4th
month'.''.
(4) Effective dates.--
(A) In general.--Except as otherwise provided in this
paragraph, the amendments made by this subsection shall apply
to returns for taxable years beginning after December 31,
2015.
(B) Conforming amendments relating to s corporations.--The
amendments made by paragraph (2)(B) shall apply with respect
to elections for taxable years beginning after December 31,
2015.
(C) Conforming amendments relating to c corporations.--The
amendments made by paragraph (3) shall apply to taxable years
beginning after December 31, 2015.
(5) Special rule for certain c corporation in 2025.--In the
case of a taxable year of a C Corporation ending on June 30,
2025, section 6072(a) of the Internal Revenue Code of 1986
shall be applied by substituting ``third month'' for ``fourth
month''.
(b) Modification of Due Dates by Regulation.--In the case
of returns for any taxable period beginning after December
31, 2015, the Secretary of the Treasury or the Secretary's
delegate shall modify appropriate regulations to provide as
follows:
(1) The maximum extension for the returns of partnerships
filing Form 1065 shall be a 6-month period beginning on the
due date for filing the return (without regard to any
extensions).
(2) The maximum extension for the returns of trusts and
estates filing Form 1041 shall be a 5\1/2\-month period
beginning on the due date for filing the return (without
regard to any extensions).
(3) The maximum extension for the returns of employee
benefit plans filing Form 5500 shall be an automatic 3\1/2\-
month period beginning on the due date for filing the return
(without regard to any extensions).
(4) The maximum extension for the Forms 990 (series)
returns of organizations exempt from income tax shall be an
automatic 6-month period beginning on the due date for filing
the return (without regard to any extensions).
(5) The maximum extension for the returns of organizations
exempt from income tax that are required to file Form 4720
returns of excise taxes shall be an automatic 6-month period
beginning on the due date for filing the return (without
regard to any extensions).
(6) The maximum extension for the returns of trusts
required to file Form 5227 shall be an automatic 6-month
period beginning on the due date for filing the return
(without regard to any extensions).
(7) The maximum extension for filing Form 6069, Return of
Excise Tax on Excess Contributions to Black Lung Benefit
Trust Under Section 4953 and Computation of Section 192
Deduction, shall be an automatic 6-month period beginning on
the due date for filing the return (without regard to any
extensions).
(8) The maximum extension for a taxpayer required to file
Form 8870 shall be an automatic 6-month period beginning on
the due date for filing the return (without regard to any
extensions).
(9) The due date of Form 3520-A, Annual Information Return
of a Foreign Trust with a United States Owner, shall be the
15th day of the 3rd month after the close of the trust's
taxable year, and the maximum extension shall be a 6-month
period beginning on such day.
(10) The due date of FinCEN Form 114 (relating to Report of
Foreign Bank and Financial Accounts) shall be April 15 with a
maximum extension for a 6-month period ending on October 15,
and with provision for an extension under rules similar to
the rules of 26 C.F.R. 1.6081-5. For any taxpayer required to
file such form for the first time, the Secretary of the
Treasury may waive any penalty for failure to timely request
or file an extension.
(11) Taxpayers filing Form 3520, Annual Return to Report
Transactions with Foreign Trusts and Receipt of Certain
Foreign Gifts, shall be allowed to extend the time for filing
such form separately from the income tax return of the
taxpayer, for an automatic 6-month period beginning on the
due date for filing the return (without regard to any
extensions).
(c) Corporations Permitted Statutory Automatic 6-month
Extension of Income Tax Returns.--
(1) In general.--Section 6081(b) of the Internal Revenue
Code of 1986 is amended by striking ``3 months'' and
inserting ``6 months''.
(2) Effective date.--The amendments made by this subsection
shall apply to returns for taxable years beginning after
December 31, 2015.
(3) Special rule for certain c corporations in 2024.--In
the case of any taxable year of a C corporation ending on
December 31, 2024, subsections (a) and (b) of section 6081 of
the Internal Revenue Code of 1986 shall each be applied to
returns of income taxes under subtitle A by substituting ``5
months'' for ``6 months''.

SEC. 52106. REFORM OF RULES RELATING TO QUALIFIED TAX
COLLECTION CONTRACTS.

(a) Requirement to Collect Certain Inactive Tax Receivables
Under Qualified Tax Collection Contracts.--Section 6306 of
the Internal Revenue Code of 1986 is amended by redesignating
subsections (c) through (f) as subsections (d) through (g),
respectively, and by inserting after subsection (b) the
following new subsection:
``(c) Collection of Inactive Tax Receivables.--
``(1) In general.--Notwithstanding any other provision of
law, the Secretary shall enter into one or more qualified tax
collection contracts for the collection of all outstanding
inactive tax receivables.
``(2) Inactive tax receivables.--For purposes of this
section--
``(A) In general.--The term `inactive tax receivable' means
any tax receivable if--
``(i) at any time after assessment, the Internal Revenue
Service removes such receivable from the active inventory for
lack of resources or inability to locate the taxpayer,
``(ii) more than \1/3\ of the period of the applicable
statute of limitation has lapsed and such receivable has not
been assigned for collection to any employee of the Internal
Revenue Service, or
``(iii) in the case of a receivable which has been assigned
for collection, more than 365 days have passed without
interaction with the taxpayer or a third party for purposes
of furthering the collection of such receivable.
``(B) Tax receivable.--The term `tax receivable' means any
outstanding assessment which the Internal Revenue Service
includes in potentially collectible inventory.''.
(b) Certain Tax Receivables Not Eligible for Collection
Under Qualified Tax Collection Contracts.--Section 6306 of
the Internal Revenue Code of 1986, as amended by subsection
(a), is amended by redesignating subsections (d) through (g)
as subsections (e) through (h), respectively, and by
inserting after subsection (c) the following new subsection:
``(d) Certain Tax Receivables Not Eligible for Collection
Under Qualified Tax Collections Contracts.--A tax receivable
shall not be eligible for collection pursuant to a qualified
tax collection contract if such receivable--
``(1) is subject to a pending or active offer-in-compromise
or installment agreement,
``(2) is classified as an innocent spouse case,
``(3) involves a taxpayer identified by the Secretary as
being--
``(A) deceased,
``(B) under the age of 18,
``(C) in a designated combat zone, or
``(D) a victim of tax-related identity theft,
``(4) is currently under examination, litigation, criminal
investigation, or levy, or
``(5) is currently subject to a proper exercise of a right
of appeal under this title.''.
(c) Contracting Priority.--Section 6306 of the Internal
Revenue Code of 1986, as amended by the preceding provisions
of this section, is amended by redesignating subsection (h)
as subsection (i) and by inserting after subsection (g) the
following new subsection:
``(h) Contracting Priority.--In contracting for the
services of any person under this section, the Secretary
shall utilize private collection contractors and debt
collection centers on the schedule required under section
3711(g) of title 31, United States Code, including the
technology and communications infrastructure established
therein, to the extent such private collection contractors
and debt collection centers are appropriate to carry out the
purposes of this section.''.
(d) Disclosure of Return Information.--Section 6103(k) of
the Internal Revenue Code of 1986 is amended by adding at the
end the following new paragraph:
``(11) Qualified tax collection contractors.--Persons
providing services pursuant to a qualified tax collection
contract under section 6306 may, if speaking to a person who
has identified himself or herself as having the name of the
taxpayer to which a tax receivable (within the meaning of
such section) relates, identify themselves as contractors of
the Internal Revenue Service and disclose the business name
of the contractor, and the nature, subject, and reason for
the contact. Disclosures under this paragraph shall be made
only in such situations and under such conditions as have
been approved by the Secretary.''.
(e) Taxpayers Affected by Federally Declared Disasters.--
Section 6306 of the Internal Revenue Code of 1986, as amended
by the preceding provisions of this section, is amended by
redesignating subsection (i) as subsection (j) and by
inserting after subsection (h) the following new subsection:
``(i) Taxpayers in Presidentially Declared Disaster
Areas.--The Secretary may prescribe procedures under which a
taxpayer determined to be affected by a Federally declared
disaster (as defined by section 165(i)(5)) may request--

[[Page S5884]]

``(1) relief from immediate collection measures by
contractors under this section, and
``(2) a return of the inactive tax receivable to the
inventory of the Internal Revenue Service to be collected by
an employee thereof.''.
(f) Report to Congress.--
(1) In general.--Section 6306 of the Internal Revenue Code
of 1986, as amended by the preceding provisions of this
section, is amended by redesignating subsection (j) as
subsection (k) and by inserting after subsection (i) the
following new subsection:
``(j) Report to Congress.--Not later than 90 days after the
last day of each fiscal year (beginning with the first such
fiscal year ending after the date of the enactment of this
subsection), the Secretary shall submit to the Committee on
Ways and Means of the House of Representatives and the
Committee on Finance of the Senate a report with respect to
qualified tax collection contracts under this section which
shall include--
``(1) annually, with respect to such fiscal year--
``(A) the total number and amount of tax receivables
provided to each contractor for collection under this
section,
``(B) the total amounts collected (and amounts of
installment agreements entered into under subsection
(b)(1)(B)) with respect to each contractor and the collection
costs incurred (directly and indirectly) by the Internal
Revenue Service with respect to such amounts,
``(C) the impact of such contracts on the total number and
amount of unpaid assessments, and on the number and amount of
assessments collected by Internal Revenue Service personnel
after initial contact by a contractor,
``(D) the amount of fees retained by the Secretary under
subsection (e) and a description of the use of such funds,
and
``(E) a disclosure safeguard report in a form similar to
that required under section 6103(p)(5), and
``(2) biannually (beginning with the second report
submitted under this subsection)--
``(A) an independent evaluation of contractor performance,
and
``(B) a measurement plan that includes a comparison of the
best practices used by the private collectors to the
collection techniques used by the Internal Revenue Service
and mechanisms to identify and capture information on
successful collection techniques used by the contractors that
could be adopted by the Internal Revenue Service.''.
(2) Repeal of existing reporting requirements with respect
to qualified tax collection contracts.--Section 881 of the
American Jobs Creation Act of 2004 is amended by striking
subsection (e).
(g) Effective Dates.--
(1) In general.--The amendments made by subsections (a) and
(b) shall apply to tax receivables identified by the
Secretary after the date of the enactment of this Act.
(2) Contracting priority.--The Secretary shall begin
entering into contracts and agreements as described in the
amendment made by subsection (c) within 3 months after the
date of the enactment of this Act.
(3) Disclosures.--The amendment made by subsection (d)
shall apply to disclosures made after the date of the
enactment of this Act.
(4) Procedures; report to congress.--The amendments made by
subsections (e) and (f) shall take effect on the date of the
enactment of this Act.

SEC. 52107. SPECIAL COMPLIANCE PERSONNEL PROGRAM.

(a) In General.--Subsection (e) of section 6306 of the
Internal Revenue Code of 1986, as redesignated by section
52106, is amended by striking ``for collection enforcement
activities of the Internal Revenue Service'' in paragraph (2)
and inserting ``to fund the special compliance personnel
program account under section 6307''.
(b) Special Compliance Personnel Program Account.--
Subchapter A of chapter 64 of the Internal Revenue Code of
1986 is amended by adding at the end the following new
section:

``SEC. 6307. SPECIAL COMPLIANCE PERSONNEL PROGRAM ACCOUNT.

``(a) Establishment of a Special Compliance Personnel
Program Account.--The Secretary shall establish an account
within the Department for carrying out a program consisting
of the hiring, training, and employment of special compliance
personnel, and shall transfer to such account from time to
time amounts retained by the Secretary under section
6306(e)(2).
``(b) Restrictions.--The program described in subsection
(a) shall be subject to the following restrictions:
``(1) No funds shall be transferred to such account except
as described in subsection (a).
``(2) No other funds from any other source shall be
expended for special compliance personnel employed under such
program, and no funds from such account shall be expended for
the hiring of any personnel other than special compliance
personnel.
``(3) Notwithstanding any other authority, the Secretary is
prohibited from spending funds out of such account for any
purpose other than for costs under such program associated
with the employment of special compliance personnel and the
retraining and reassignment of current noncollections
personnel as special compliance personnel, and to reimburse
the Internal Revenue Service or other government agencies for
the cost of administering qualified tax collection contracts
under section 6306.
``(c) Reporting.--Not later than March of each year, the
Commissioner of Internal Revenue shall submit a report to the
Committees on Finance and Appropriations of the Senate and
the Committees on Ways and Means and Appropriations of the
House of Representatives consisting of the following:
``(1) For the preceding fiscal year, all funds received in
the account established under subsection (a), administrative
and program costs for the program described in such
subsection, the number of special compliance personnel hired
and employed under the program, and the amount of revenue
actually collected by such personnel.
``(2) For the current fiscal year, all actual and estimated
funds received or to be received in the account, all actual
and estimated administrative and program costs, the number of
all actual and estimated special compliance personnel hired
and employed under the program, and the actual and estimated
revenue actually collected or to be collected by such
personnel.
``(3) For the following fiscal year, an estimate of all
funds to be received in the account, all estimated
administrative and program costs, the estimated number of
special compliance personnel hired and employed under the
program, and the estimated revenue to be collected by such
personnel.
``(d) Definitions.--For purposes of this section--
``(1) Special compliance personnel.--The term `special
compliance personnel' means individuals employed by the
Internal Revenue Service as field function collection
officers or in a similar position, or employed to collect
taxes using the automated collection system or an equivalent
replacement system.
``(2) Program costs.--The term `program costs' means--
``(A) total salaries (including locality pay and bonuses),
benefits, and employment taxes for special compliance
personnel employed or trained under the program described in
subsection (a), and
``(B) direct overhead costs, salaries, benefits, and
employment taxes relating to support staff, rental payments,
office equipment and furniture, travel, data processing
services, vehicle costs, utilities, telecommunications,
postage, printing and reproduction, supplies and materials,
lands and structures, insurance claims, and indemnities for
special compliance personnel hired and employed under this
section.

For purposes of subparagraph (B), the cost of management and
supervision of special compliance personnel shall be taken
into account as direct overhead costs to the extent such
costs, when included in total program costs under this
paragraph, do not represent more than 10 percent of such
total costs.''.
(c) Clerical Amendment.--The table of sections for
subchapter A of chapter 64 of the Internal Revenue Code of
1986 is amended by inserting after the item relating to
section 6306 the following new item:

``Sec. 6307. Special compliance personnel program account.''.

(d) Effective Date.--The amendment made by subsection (a)
shall apply to amounts collected and retained by the
Secretary after the date of the enactment of this Act.

SEC. 52108. TRANSFERS OF EXCESS PENSION ASSETS TO RETIREE
HEALTH ACCOUNTS.

(a) In General.--Section 420(b)(4) of the Internal Revenue
Code of 1986 is amended by striking ``December 31, 2021'' and
inserting ``December 31, 2025''.
(b) Conforming ERISA Amendments.--
(1) Sections 101(e)(3), 403(c)(1), and 408(b)(13) of the
Employee Retirement Income Security Act of 1974 (29 U.S.C.
1021(e)(3), 1103(c)(1), 1108(b)(13)) are each amended by
striking ``MAP-21'' and inserting ``DRIVE Act''.
(2) Section 408(b)(13) of such Act (29 U.S.C. 1108(b)(13))
is amended by striking ``January 1, 2022'' and inserting
``January 1, 2026''.

Subtitle B--Fees and Receipts

SEC. 52201. EXTENSION OF DEPOSITS OF SECURITY SERVICE FEES IN
THE GENERAL FUND.

Section 44940(i)(4) of title 49, United States Code, is
amended by adding at the end the following:
``(K) $1,750,000,000 for each of fiscal years 2024 and
2025.''.

SEC. 52202. ADJUSTMENT FOR INFLATION OF FEES FOR CERTAIN
CUSTOMS SERVICES.

(a) In General.--Section 13031 of the Consolidated Omnibus
Budget Reconciliation Act of 1985 (19 U.S.C. 58c) is amended
by adding at the end the following:
``(l) Adjustment of Fees for Inflation.--
``(1) In general.--The Secretary of the Treasury shall
adjust the fees established under subsection (a), and the
limitations on such fees under paragraphs (2), (3), (5), (6),
(8), and (9) of subsection (b), on October 1, 2015, and
annually thereafter, to reflect the percentage (if any) of
the increase in the average of the Consumer Price Index for
the preceding 12-month period compared to the Consumer Price
Index for fiscal year 2014.
``(2) Special rules for calculation of adjustment.--In
adjusting under paragraph (1) the amount of the fees
established under subsection (a), and the limitations on such
fees under paragraphs (2), (3), (5), (6), (8), and (9) of
subsection (b), the Secretary--
``(A) shall round the amount of any increase in the
Consumer Price Index to the nearest dollar; and
``(B) may ignore any such increase of less than 1 percent.

[[Page S5885]]

``(3) Consumer price index defined.--For purposes of this
subsection, the term `Consumer Price Index' means the
Consumer Price Index for All Urban Consumers published by the
Bureau of Labor Statistics of the Department of Labor.''.
(b) Deposits Into Customs User Fee Account.--Section
13031(f) of the Consolidated Omnibus Budget Reconciliation
Act of 1985 (19 U.S.C. 58c(f)) is amended--
(1) in paragraph (1), in the matter preceding subparagraph
(A), by striking ``all fees collected under subsection (a)''
and inserting ``the amount of fees collected under subsection
(a) (determined without regard to any adjustment made under
subsection (l))''; and
(2) in paragraph (3)(A), in the matter preceding clause
(i)--
(A) by striking ``fees collected'' and inserting ``amount
of fees collected''; and
(B) by striking ``), each appropriation'' and inserting ``,
and determined without regard to any adjustment made under
subsection (l)), each appropriation''.
(c) Conforming Amendments.--Section 13031 of the
Consolidated Omnibus Budget Reconciliation Act of 1985 (19
U.S.C. 58c), as amended by subsections (a) and (b), is
further amended--
(1) in subsection (a), in the matter preceding paragraph
(1), by inserting ``(subject to adjustment under subsection
(l))'' after ``following fees''; and
(2) in subsection (b)--
(A) in paragraph (2), by inserting ``(subject to adjustment
under subsection (l))'' after ``in fees'';
(B) in paragraph (3), by inserting ``(subject to adjustment
under subsection (l))'' after ``in fees'';
(C) in paragraph (5)(A), by inserting ``(subject to
adjustment under subsection (l))'' after ``in fees'';
(D) in paragraph (6), by inserting ``(subject to adjustment
under subsection (l))'' after ``in fees'';
(E) in paragraph (8)(A)--
(i) in clause (i), by inserting ``or (l)'' after
``subsection (a)(9)(B)''; and
(ii) in clause (ii), by inserting ``(subject to adjustment
under subsection (l))'' after ``$3''; and
(F) in paragraph (9)--
(i) in subparagraph (A)--

(I) in the matter preceding clause (i), by inserting ``and
subject to adjustment under subsection (l)'' after ``Tariff
Act of 1930''; and
(II) in clause (ii)(I), by inserting ``(subject to
adjustment under subsection (l))'' after ``bill of lading'';
and

(ii) in subparagraph (B)(i), by inserting ``(subject to
adjustment under subsection (l))'' after ``bill of lading''.

SEC. 52203. DIVIDENDS AND SURPLUS FUNDS OF RESERVE BANKS.

Section 7(a)(1)(A) of the Federal Reserve Act (12 U.S.C.
289(a)(1)(A)) is amended by striking ``6 percent'' and
inserting ``6 percent (1.5 percent in the case of a
stockholder having total consolidated assets of more than
$1,000,000,000 (determined as of September 30 of the
preceding fiscal year))''.

SEC. 52204. STRATEGIC PETROLEUM RESERVE DRAWDOWN AND SALE.

(a) Drawdown and Sale.--
(1) In general.--Notwithstanding section 161 of the Energy
Policy and Conservation Act (42 U.S.C. 6241), except as
provided in subsection (b), the Secretary of Energy shall
drawdown and sell from the Strategic Petroleum Reserve--
(A) 4,000,000 barrels of crude oil during fiscal year 2018;
(B) 5,000,000 barrels of crude oil during fiscal year 2019;
(C) 8,000,000 barrels of crude oil during fiscal year 2020;
(D) 8,000,000 barrels of crude oil during fiscal year 2021;
(E) 10,000,000 barrels of crude oil during fiscal year
2022;
(F) 16,000,000 barrels of crude oil during fiscal year
2023;
(G) 25,000,000 barrels of crude oil during fiscal year
2024; and
(H) 25,000,000 barrels of crude oil during fiscal year
2025.
(2) Deposit of amounts received from sale.--Amounts
received from a sale under paragraph (1) shall be deposited
in the general fund of the Treasury during the fiscal year in
which the sale occurs.
(b) Emergency Protection.--In any 1 fiscal year described
in subsection (a)(1), the Secretary of Energy shall not
drawdown and sell crude oil under this section in quantities
that would result in a Strategic Petroleum Reserve that
contains an inventory of petroleum products representing
fewer than 90 days of emergency reserves, based on the
average daily level of net imports of crude oil and petroleum
products in the calendar year preceding that fiscal year.
______