3.0.0 4323 2023-01-13T04:49:40Z 2023-01-13T04:49:40Z House H HR 2005-11-15 109 hswm00 Ways and Means Committee House Standing Referred to 2005-11-15T15:24:15Z Tax Increase Prevention and Reconciliation Act of 2005 109 4297 HR 2006-05-17 Became Public Law No: 109-222. Related bill CRS Text similarities House Tax Revision Act of 2005 109 4388 HR 2005-12-13 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 327. Related bill CRS Tax Relief Act of 2005 109 2020 S 2005-11-18 Passed Senate with an amendment by Yea-Nay Vote. 64 - 33. Record Vote Number: 347. Related bill CRS 2005-11-15 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2005-11-15 Introduced in House IntroReferral Intro-H 9 Library of Congress 2005-11-15 Introduced in House IntroReferral 1000 9 Library of Congress T000188 Rep. Thomas, William M. [R-CA-22] WILLIAM THOMAS R CA MARSHALL 22 N S000303 Rep. Shaw, E. Clay, Jr. [R-FL-22] E. SHAW R FL CLAY 22 2005-11-16 False F000452 Resident Commissioner Fortuno, Luis G. [R-PR-At Large] Luis Fortuno R PR G. 0 2005-11-16 False Taxation Agriculture and Food Alabama Alcohol tax Armed Forces and National Security Bonds Caribbean area Collection of accounts Commerce Crime and Law Enforcement Disaster relief Displaced persons Earned income tax credit Earnings Economics and Public Finance Emergency Management Families Federal-territorial relations Federally-guaranteed loans Floods Florida Government Operations and Politics Hurricane aftermath legislation Hurricanes Income tax Infrastructure Infrastructure (Economics) Intergovernmental tax relations Labor and Employment Louisiana Military pay Mississippi Puerto Rico Revenue sharing Savings bonds Social Welfare State finance Student loan funds Tax administration Tax credits Tax deductions Tax returns Tax-exempt securities Terrorism Texas Undercover operations Virgin Islands Taxation 00 2005-11-15 Introduced in House 2005-11-29T14:52:46Z

Tax Revision Act of 2005 - Amends the Internal Revenue Code to extend through 2006 the: (1) election to include combat zone compensation as earned income for purposes of calculating the earned income tax credit; (2) increased cover over (payment) of distilled spirits excise tax to the Treasuries of Puerto Rico and the Virgin Islands; (3) authority for certain Internal Revenue Service (IRS) undercover investigative operations; and (4) authority to disclose tax return information for combined employment tax reporting, for combating terrorist activities, and for student loan repayments.

Extends eligibility for the tax deduction for domestic production activities to such activities in Puerto Rico.

Grants a limited federal guarantee of bonds issued by the states of Alabama, Louisiana, or Mississippi for Hurricane Katrina relief.

Allows a taxpayer election to base eligibility for the earned income and child tax credit on earned income reported in a year preceding the year of Hurricanes Rita and Wilma. Authorizes the Secretary of the Treasury to adjust the application of tax laws to prevent taxpayers affected by Hurricanes Rita or Wilma from losing certain tax benefits.

Expresses the sense of Congress that the Secretary should designate a series of bonds as Gulf Coast Recovery Bonds in response to Hurricanes Katrina, Rita, and Wilma.

]]> Tax Revision Act of 2005 Display Title Tax Revision Act of 2005 Official Title as Introduced To amend the Internal Revenue Code of 1986 to extend certain expiring provisions, to provide certain hurricane-related tax relief, and for other purposes. Introduced in House IH Short Titles as Introduced Tax Revision Act of 2005 Introduced in House 2005-11-15T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr4323ih/xml/BILLS-109hr4323ih.xml 2005-11-15 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.