[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[S. 94 Reported in Senate (RS)]







104th CONGRESS
  2d Session
                                 S. 94

                          [Report No. 104-354]

     To amend the Congressional Budget Act of 1974 to prohibit the 
              consideration of retroactive tax increases.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            January 4, 1995

 Mr. Coverdell (for himself, Mrs. Hutchison, Mr. Smith, Mr. Lott, Mr. 
   Kempthorne, Mr. McCain, Mr. Warner, Mr. Cochran, and Mr. Inhofe) 
   introduced the following bill; which was read twice and referred 
 jointly pursuant to the order of August 4, 1977, to the Committees on 
  the Budget and Governmental Affairs, with instructions that if one 
committee reports, the other committee have thirty days to report or be 
                               discharged

                            August 27, 1996

 Reported under authority of the order of the Senate of August 2, 1996 
                    by Mr. Stevens, with amendments
  [Omit the part struck through and insert the part printed in italic]

_______________________________________________________________________

                                 A BILL


 
     To amend the Congressional Budget Act of 1974 to prohibit the 
              consideration of retroactive tax increases.

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

SECTION 1. AMENDMENTS TO THE CONGRESSIONAL BUDGET ACT OF 1974.

    (a) In General.--Title III of the Congressional Budget Act of 1974 
is amended by adding at the end the following:

    ``prohibition on the consideration of retroactive tax increases

    ``Sec. 314. (a) In General.--It shall not be in order in the House 
of Representatives or the Senate to consider any bill, joint 
resolution, amendment, motion, or conference report, that increases a 
tax and applies such increase <DELETED>to taxable years beginning 
before the date of the enactment of the law</DELETED> before a date 
contemporaneous with congressional action specifying such date.
    ``(b) Increases a tax.--The term `increases a tax' shall include a 
change in any rate of tax, deduction, exemption, credit, exclusion, or 
similar change to the Internal Revenue Code of 1986 that will result in 
an obligation to pay a larger tax.''.
    (b) Supermajority Point of Order.--Subsections (c) and (d) of 
section 904 of the Congressional Budget Act of 1974 are amended by 
inserting ``314,'' after ``313,''.
    (c) Technical and Conforming Amendment.--The table of contents for 
the Congressional Budget and Impoundment Control Act of 1974 is amended 
by inserting after the item relating to section 313 the following:

``Sec. 314. Prohibition on the consideration of retroactive tax 
                            increases.''.
    (d) Effective Date.--The amendments to the Congressional Budget and 
Impoundment Control Act of 1974 made by subsections (a), (b), and (c) 
shall be effective on January 1, 1997.
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