[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 366 Introduced in Senate (IS)]







105th CONGRESS
  1st Session
                                 S. 366

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


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           February 26, 1997

Mr. Coverdell (for himself, Mrs. Hutchison, Mr. McCain, Mr. Faircloth, 
  Mr. Kyl, Mr. Thomas, and Mr. Inhofe) introduced the following bill; 
  which was read twice and referred jointly pursuant to the order of 
   August 4, 1997, to the Committees on the Budget and Governmental 
  Affairs, with instructions that if one Committee reports, the other 
          Committee has thirty days to report or be discharged

_______________________________________________________________________

                                 A BILL


 
 To amend the Congressional Budget and Impoundment Control 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 AND IMPOUNDMENT 
              CONTROL ACT OF 1974.

    (a) In General.--Title III of the Congressional Budget and 
Impoundment Control 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 to taxable years beginning before the 
date of the enactment of the law.
    ``(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 and Impoundment Control Act of 
1974 are amended by inserting ``314,'' after ``313,''.
    (c) 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 made by this section take 
effect on January 1, 1998.
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