109 HR 4388 IH: Tax Revision Act of 2005 U.S. House of Representatives 2005-11-18 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.
I 109th CONGRESS 1st Session H. R. 4388 IN THE HOUSE OF REPRESENTATIVES November 18, 2005 Mr. Thomas introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes.
1.
Short title, etc
(a)
Short title
This Act may be cited as the Tax Revision Act of 2005. (b)
Amendment of 1986 Code
Except as otherwise expressly provided, whenever in this Act an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or other provision, the reference shall be considered to be made to a section or other provision of the Internal Revenue Code of 1986. (c)
Table of contents
The table of contents for this Act is as follows: Sec. 1. Short title, etc Sec. 2. Election to include combat pay as earned income for purposes of earned income credit Sec. 3. Cover over of tax on distilled spirits Sec. 4. Authority for undercover operations Sec. 5. Disclosures of certain tax return information Sec. 6. Deduction allowable with respect to income attributable to domestic production activities in Puerto Rico
2.
Election to include combat pay as earned income for purposes of earned income credit
(a)
In general
Subclause (II) of section 32(c)(2)(B)(vi) is amended by striking January 1, 2006 and inserting January 1, 2007. (b)
Effective date
The amendment made by subsection (a) shall apply to taxable years beginning after December 31, 2005.
3.
Cover over of tax on distilled spirits
(a)
In general
Paragraph (1) of section 7652(f) (relating to limitation on cover over of tax on distilled spirits) is amended by striking January 1, 2006 and inserting January 1, 2007. (b)
Effective date
The amendment made by subsection (a) shall apply to articles brought into the United States after December 31, 2005.
4.
Authority for undercover operations
Paragraph (6) of section 7608(c) (relating to application of section) is amended by striking January 1, 2006 both places is appears and inserting January 1, 2007.
5.
Disclosures of certain tax return information
(a)
Disclosures to facilitate combined employment tax reporting
(1)
In general
Subparagraph (B) of section 6103(d)(5) (relating to termination) is amended by striking December 31, 2005 and inserting December 31, 2006. (2)
Effective date
The amendment made by paragraph (1) shall apply to disclosures after December 31, 2005. (b)
Disclosures relating to terrorist activities
(1)
In general
Clause (iv) of section 6103(i)(3)(C) and subparagraph (E) of section 6103(i)(7) are each amended by striking December 31, 2005 and inserting December 31, 2006. (2)
Effective date
The amendments made by paragraph (1) shall apply to disclosures after December 31, 2005. (c)
Disclosures relating to student loans
(1)
In general
Subparagraph (D) of section 6103(l)(13) (relating to termination) is amended by striking December 31, 2005 and inserting December 31, 2006. (2)
Effective date
The amendment made by paragraph (1) shall apply to requests made after December 31, 2005.
6.
Deduction allowable with respect to income attributable to domestic production activities in Puerto Rico
(a)
In general
Subsection (d) of section 199 (relating to definitions and special rules) is amended by redesignating paragraph (7) as paragraph (8) and by inserting after paragraph (6) the following new paragraph: (7)
Treatment of activities in Puerto Rico
(A)
In general
In the case of any taxpayer with gross receipts for any taxable year from sources within the Commonwealth of Puerto Rico, if all of such receipts are taxable under section 1 or 11 for such taxable year, then for purposes of determining the domestic production gross receipts of such taxpayer for such taxable year under subsection (c)(4), the term United States shall include the Commonwealth of Puerto Rico. (B)
Termination
Subparagraph (A) shall not apply to any taxable year beginning after December 31, 2006.. (b)
Effective date
The amendments made by subsection (a) shall apply to taxable years beginning after December 31, 2005.