Y 4.719/4:719/130/991-92

[JOINT COMMITTEE PRINT]

For sale by the Superintendent of Documents, U.S. Government Printing Office

Washington, DC 20402

JCS-2-91

STUART L. BROWN, Deputy Chief of Staff (Acting Chief of Staff)
MARY M. SCHMITT, Associate Chief of Staff (Law)

BERNARD M. SCHMITT, Associate Chief of Staff (Revenue Analysis)

(II)

CONTENTS

INTRODUCTION

I. SUMMARY

II. DESCRIPTION OF EXPIRING TAX PROVISIONS

A. 1991 Expiring Tax Provisions........

1. Exclusion for employer-provided educational

assistance.............

2. Exclusion for employer-provided group legal

services; tax exemption for qualified group

legal services organizations

4. Qualified mortgage bonds and mortgage

credit certificates....

Page

1

2

3

3

3

4

3. Deduction for health insurance costs of self-

employed individuals

5

6

5. Qualified small-issue manufacturing bonds

6. Allocation and apportionment of research

expenses.......

8

10

7. Tax credit for qualified research expendi-

tures

8. Tax credit for low-income rental housing.

9. Targeted jobs tax credit.........

10. Business energy tax credits for solar and

geothermal property

11. Tax credit for orphan drug clinical testing

expenses....

12. Minimum tax exception for gifts of appreci-

ated tangible property.

B. 1992 Expiring Tax Provisions......

20

21

21

1 2 2 2 2

23

14

16

17

1. Access to tax information by the Depart-

ment of Veterans Affairs ....

23

2. Placed-in-service date for nonconventional

fuels production credit..........

23

3. Excise tax on certain vaccines for the Vac-

cine Injury Compensation Trust Fund

24

APPENDIX. ESTIMATED REVENUE EFFECTS OF EXTENDING EX-

PIRING TAX PROVISIONS PERMANENTLY

(III)

26