22 September 2016 Ways & Means approves four more miscellaneous bills The House Ways and Means Committee on September 21, 2016, approved four additional miscellaneous tax bills in a continuation of a markup that began on September 14. H.R. 5879, sponsored by Rep. Tom Rice (R-SC), to address the effective operation of the Nuclear Production Tax Credit, was approved 23-9. — The Helping Ensure Accountability, Leadership, and Transparency in Tribal Healthcare (HEALTTH) Act (H.R. 5406), sponsored by Rep. Kristi Noem (R-SD), to address the tax treatment of the Indian Health Service student loan repayment program; — The Stop Taxing Death and Disability Act (H.R. 5204), sponsored by Rep. Peter Roskam (R-IL), to address the tax treatment of student loans that are forgiven due to death or disability voice; and — The Water and Agriculture Tax Reform Act of 2015 (H.R. 4220), sponsored by Rep. Ken Buck (R-CO), to address the tax qualification of mutual irrigation and ditch companies organized to help promote access to water. The bills could be expected to be brought up for a vote on the House floor and considered for possible inclusion in a larger year-end bill. Some of the bills approved during last week's Committee markup have already moved on to consideration by the full House. Today, the House approved 400-20 The Emergency Citrus Disease Response Act (H.R. 3957), sponsored by Rep. Vern Buchanan (R-FL), to temporarily allow expensing of certain costs of replanting citrus plants lost by reason of casualty. A vote is expected soon on The United States Appreciation for Olympians and Paralympians Act (H.R. 5946), sponsored by Rep. Bob Dold (R-IL), to exempt from tax cash prizes and medals won in the Olympic and Paralympic Games. Document ID: 2016-1605 |