[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1808 Introduced in House (IH)]

114th CONGRESS
  1st Session
                                H. R. 1808

 To amend the Internal Revenue Code of 1986 to extend certain expiring 
                         provisions for 1 year.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 15, 2015

 Mr. Castro of Texas 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 for 1 year.

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

SECTION 1. SHORT TITLE; TABLE OF CONTENTS.

    (a) Short Title.--This Act may be cited as the ``Tax Cuts for 
America Act of 2015''.
    (b) Table of Contents.--The table of contents for this Act is as 
follows:

Sec. 1. Short title; table of contents.
             TITLE I--ECONOMIC DEVELOPMENT AND JOB CREATION

Sec. 101. Extension of new markets tax credit.
Sec. 102. Extension of work opportunity tax credit.
Sec. 103. Extension and modification of research credit.
                          TITLE II--EDUCATION

Sec. 201. Extension of deduction for certain expenses of elementary and 
                            secondary school teachers.
                 TITLE III--MEMBERS OF THE ARMED FORCES

Sec. 301. Extension of employer wage credit for employees who are 
                            active duty members of the uniformed 
                            services.
                            TITLE IV--ENERGY

Sec. 401. Extension of credit for construction of new energy efficient 
                            homes.
                            TITLE V--STATES

Sec. 101. Extension of State and local sales tax deduction.

             TITLE I--ECONOMIC DEVELOPMENT AND JOB CREATION

SEC. 101. EXTENSION OF NEW MARKETS TAX CREDIT.

    (a) In General.--Section 45D(f)(1)(G) of the Internal Revenue Code 
of 1986 is amended by striking ``and 2014'' and inserting ``2014, and 
2015''.
    (b) Carryover of Unused Limitation.--Section 45D(f)(3) of such Code 
is amended by striking ``2019'' and inserting ``2020''.
    (c) Effective Date.--The amendments made by this section shall 
apply to calendar years beginning after December 31, 2014.

SEC. 102. EXTENSION OF WORK OPPORTUNITY TAX CREDIT.

    (a) In General.--Section 51(c)(4)(B) of the Internal Revenue Code 
of 1986 is amended by striking ``December 31, 2014'' and inserting 
``December 31, 2015.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to individuals who begin work for the employer after December 31, 2014.

SEC. 103. EXTENSION AND MODIFICATION OF RESEARCH CREDIT.

    (a) In General.--Section 41(h)(1) of the Internal Revenue Code of 
1986 is amended by striking ``December 31, 2014'' and inserting 
``December 31, 2015''.
    (b) Effective Date.--The amendment made by this section shall apply 
to amounts paid or incurred after December 31, 2014.

                          TITLE II--EDUCATION

SEC. 201. EXTENSION OF DEDUCTION FOR CERTAIN EXPENSES OF ELEMENTARY AND 
              SECONDARY SCHOOL TEACHERS.

    (a) In General.--Section 62(a)(2)(D) of the Internal Revenue Code 
of 1986 is amended by striking ``or 2014'' and inserting ``2014, or 
2015''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2014.

                 TITLE III--MEMBERS OF THE ARMED FORCES

SEC. 301. EXTENSION OF EMPLOYER WAGE CREDIT FOR EMPLOYEES WHO ARE 
              ACTIVE DUTY MEMBERS OF THE UNIFORMED SERVICES.

    (a) In General.--Section 45P(f) of the Internal Revenue Code of 
1986 is amended by striking ``December 31, 2014'' and inserting 
``December 31, 2015''.
    (b) Effective Date.--The amendment made by this section shall apply 
to payments made after December 31, 2014.

                            TITLE IV--ENERGY

SEC. 401. EXTENSION OF CREDIT FOR CONSTRUCTION OF NEW ENERGY EFFICIENT 
              HOMES.

    (a) In General.--Section 45P(g) of the Internal Revenue Code of 
1986 is amended by striking ``December 31, 2014'' and inserting 
``December 31, 2015''.
    (b) Effective Date.--The amendment made by this section shall apply 
to acquisitions after December 31, 2014.

                            TITLE V--STATES

SEC. 101. EXTENSION OF STATE AND LOCAL SALES TAX DEDUCTION.

    (a) In General.--Section 164(b)(5)(I) of the Internal Revenue Code 
of 1986 is amended by striking ``January 1, 2015'' and inserting 
``January 1, 2016''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2014.
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