[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1387 Introduced in House (IH)]







104th CONGRESS
  1st Session
                                H. R. 1387

To amend the Congressional Budget Act of 1974 to establish a process to 
                 identify and control tax expenditures.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 4, 1995

Mr. Barrett of Wisconsin (for himself and Mrs. Maloney) introduced the 
following bill; which was referred to the Committee on the Budget, and 
in addition to the Committee on Rules, for a period to be subsequently 
   determined by the Speaker, in each case for consideration of such 
  provisons as fall within the jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
To amend the Congressional Budget Act of 1974 to establish a process to 
                 identify and control tax expenditures.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Tax Expenditure Control Act of 
1995''.

SEC. 2. TAX EXPENDITURES INCLUDED IN BUDGET RESOLUTION.

    Section 301 of the Congressional Budget Act of 1974 is amended--
            (1) in subsection (a)(2) by inserting after ``Federal 
        revenues'', both places it appears, the following: ``and tax 
        expenditures (including income tax expenditures or other 
        equivalent base narrowing tax provisions applying to other 
        Federal taxes)''; and
            (2) in subsection (a)(4) by inserting after ``budget 
        outlays,'' the following: ``tax expenditures (including income 
        tax expenditures or other equivalent base narrowing tax 
        provisions applying to other Federal taxes),''.

SEC. 3. TAX EXPENDITURE ANALYSIS IN REPORT ACCOMPANYING BUDGET 
              RESOLUTION.

    Section 301(e)(1) of the Congressional Budget Act of 1974 is 
amended by inserting after ``revenues'' the following: ``and tax 
expenditures''.

SEC. 4. RECONCILIATION MAY INCLUDE TAX EXPENDITURE CHANGES.

    Section 310(a)(2) of the Congressional Budget Act of 1974 is 
amended by inserting after ``revenues'' the following: ``and tax 
expenditures''.

SEC. 5. CONGRESSIONAL BUDGET OFFICE REPORT.

    Section 202(f)(1) of the Congressional Budget Act of 1974 is 
amended in the matter following subparagraph (B) by striking ``and 
budget outlays'' and inserting ``, budget outlays, and tax 
expenditures''.

SEC. 6. EFFECTIVE DATE.

    This Act and the amendments made by this Act shall take effect on 
the date of enactment of this Act.
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