[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[S. 98 Referral Instructions Senate (RIS)]







104th CONGRESS
  1st Session
                                 S. 98

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


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            January 4, 1995

  Mr. Bradley (for himself, Mr. Daschle and Mr. Kerry) 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

_______________________________________________________________________

                                 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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