[Congressional Record Volume 149, Number 168 (Wednesday, November 19, 2003)]
[Senate]
[Pages S15190-S15192]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

      By Mr. GRASSLEY (for himself, Mr. Baucus, Mr. Smith, Mr. 
        Rockefeller, Mr. Hatch, Mr. Conrad, Mr. Bunning, Mr. Graham of 
        Florida, Mr. Santorum, Mr. Jeffords, and Mr. Breaux):
  S. 1896. A bill to provide extensions for certain expiring provisions 
of the Internal Revenue Code of 1986, and for other purposes; to the 
Committee on Finance.
  Mr. GRASSLEY. Mr. President, I ask unanimous consent that the text of 
the bill be printed in the Record.
  There being no objection, the bill was ordered to be printed in the 
Record, as follows:

                                S. 1896

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

     SECTION 1. SHORT TITLE; AMENDMENT OF 1986 CODE.

       (a) Short Title.--This Act may be cited as the ``Tax Relief 
     Extension Act of 2003''.
       (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.

[[Page S15191]]

           TITLE I--EXTENSIONS OF CERTAIN EXPIRING PROVISIONS

     SEC. 101. PARITY IN THE APPLICATION OF CERTAIN LIMITS TO 
                   MENTAL HEALTH BENEFITS.

       (a) In General.--Paragraph (2) of section 9812(f) is 
     amended by striking ``December 31, 2003'' and inserting 
     ``June 30, 2004''.
       (b) Effective Date.--The amendment made by subsection (a) 
     shall take effect on January 1, 2004.

     SEC. 102. CREDIT FOR ELECTRICITY PRODUCED FROM CERTAIN 
                   RENEWABLE RESOURCES.

       (a) In General.--Subparagraphs (A), (B), and (C) of section 
     45(c)(3) are each amended by striking ``January 1, 2004'' and 
     inserting ``July 1, 2004''.
       (b) Effective Date.--The amendments made by subsection (a) 
     shall apply to facilities placed in service after December 
     31, 2003.

     SEC. 103. WORK OPPORTUNITY CREDIT.

       (a) In General.--Subparagraph (B) of section 51(c)(4) is 
     amended by striking ``December 31, 2003'' and inserting 
     ``June 30, 2004''.
       (b) Effective Date.--The amendment made by subsection (a) 
     shall apply to individuals who begin work for the employer 
     after December 31, 2003.

     SEC. 104. WELFARE-TO-WORK CREDIT.

       (a) In General.--Subsection (f) of section 51A is amended 
     by striking ``December 31, 2003'' and inserting ``June 30, 
     2004''.
       (b) Effective Date.--The amendment made by subsection (a) 
     shall apply to individuals who begin work for the employer 
     after December 31, 2003.

     SEC. 105. TAXABLE INCOME LIMIT ON PERCENTAGE DEPLETION FOR 
                   OIL AND NATURAL GAS PRODUCED FROM MARGINAL 
                   PROPERTIES.

       (a) In General.--Subparagraph (H) of section 613A(c)(6) is 
     amended--
       (1) by striking ``January 1, 2004'' and inserting ``July 1, 
     2004'', and
       (2) by adding at the end the following new sentence: ``In 
     the case of any taxable year beginning after December 31, 
     2003, which includes June 30, 2004, any increase in the 
     allowance for depletion by reason of this subparagraph shall 
     be equal to the amount which bears the same ratio to the 
     increase in such allowance determined without regard to this 
     sentence as the number of days in the taxable year before 
     July 1, 2004, bears to the total number of days in such 
     taxable year.''.
       (b) Effective Date.--The amendments made by subsection (a) 
     shall apply to taxable years beginning after December 31, 
     2003.

     SEC. 106. QUALIFIED ZONE ACADEMY BONDS.

       (a) In General.--Paragraph (1) of section 1397E(e) is 
     amended by inserting ``$200,000,000 for the period beginning 
     after December 31, 2003, and before July 1, 2004,'' after 
     ``2003,''.
       (b) Effective Date.--The amendment made by subsection (a) 
     shall apply to obligations issued after December 31, 2003.

     SEC. 107. COVER OVER OF TAX ON DISTILLED SPIRITS.

       (a) In General.--Paragraph (1) of section 7652(f) is 
     amended by striking ``January 1, 2004'' and inserting ``July 
     1, 2004''.
       (b) Effective Date.--The amendment made by subsection (a) 
     shall apply to articles brought into the United States after 
     December 31, 2003.

     SEC. 108. DEDUCTION FOR CORPORATE DONATIONS OF COMPUTER 
                   TECHNOLOGY.

       (a) Extension of Deduction.--Section 170(e)(6)(G) (relating 
     to termination) is amended by striking ``contribution made 
     during any taxable year beginning after December 31, 2003'' 
     and inserting ``contribution made after June 30, 2004''.
       (b) Effective Date.--The amendment made by subsection (a) 
     shall apply to contributions made after December 31, 2003.

     SEC. 109. CREDIT FOR QUALIFIED ELECTRIC VEHICLES.

       (a) In General.--Section 30 is amended--
       (1) in subsection (b)(2)--
       (A) by striking ``December 31, 2003,'' and inserting ``June 
     30, 2004,'',
       (B) in subparagraph (A), by striking ``calendar year 2004'' 
     and inserting ``after June 30, 2004, and before July 1, 
     2005'',
       (C) in subparagraph (B), by striking ``calendar year 2005'' 
     and inserting ``after June 30, 2005, and before July 1, 
     2006'', and
       (D) in subparagraph (C), by striking ``calendar year 2006'' 
     and inserting ``after June 30, 2006, and before July 1, 
     2007'', and
       (2) in subsection (e), by striking ``December 31, 2006'' 
     and inserting ``June 30, 2007''.
       (b) Conforming Amendment.--Clause (iii) of section 
     280F(a)(1)(C) is amended by striking ``January 1, 2007'' and 
     inserting ``July 1, 2007''.
       (c) Effective Date.--The amendments made by this section 
     shall apply to property placed in service after December 31, 
     2003.

     SEC. 110. DEDUCTION FOR CLEAN-FUEL VEHICLES AND CERTAIN 
                   REFUELING PROPERTY.

       (a) In General.--Section 179A is amended--
       (1) in subsection (b)(1)(B)--
       (A) by striking ``December 31, 2003,'' and inserting ``June 
     30, 2004,'',
       (B) in clause (i), by striking ``calendar year 2004'' and 
     inserting ``after June 30, 2004, and before July 1, 2005'',
       (C) in clause (ii), by striking ``calendar year 2005'' and 
     inserting ``after June 30, 2005, and before July 1, 2006'', 
     and
       (D) in clause (iii), by striking ``calendar year 2006'' and 
     inserting ``after June 30, 2006, and before July 1, 2007'', 
     and
       (2) in subsection (f), by striking ``December 31, 2006'' 
     and inserting ``June 30, 2007''.
       (b) Effective Date.--The amendments made by subsection (a) 
     shall apply to property placed in service after December 31, 
     2003.

     SEC. 111. DEDUCTION FOR CERTAIN EXPENSES OF SCHOOL TEACHERS.

       (a) In General.--Subparagraph (D) of section 62(a)(2) is 
     amended--
       (1) by inserting ``and the period beginning after December 
     31, 2003, and before July 1, 2004,'' after ``2003,'', and
       (2) by inserting ``for each taxable year or $125 for such 
     period'' after ``$250''.
       (b) Effective Date.--The amendments made by subsection (a) 
     shall apply to expenses paid or incurred after December 31, 
     2003.

     SEC. 112. AVAILABILITY OF MEDICAL SAVINGS ACCOUNTS.

       (a) In General.--Paragraphs (2) and (3)(B) of section 
     220(i) (defining cut-off year) are each amended by striking 
     ``2003'' each place it appears and inserting ``2004''.
       (b) Conforming Amendments.--
       (1) Paragraph (2) of section 220(j) is amended by striking 
     ``1998, 1999, 2001, or 2002'' each place it appears and 
     inserting ``1998, 1999, 2001, 2002, or 2003''.
       (2) Subparagraph (A) of section 220(j)(4) is amended by 
     striking ``and 2002'' and inserting ``2002, and 2003''.
       (c) Effective Date.--The amendments made by this section 
     shall take effect on January 1, 2004.

     SEC. 113. EXPENSING OF ENVIRONMENTAL REMEDIATION COSTS.

       (a) Extension of Termination Date.--Subsection (h) of 
     section 198 is amended by striking ``December 31, 2003'' and 
     inserting ``June 30, 2004''.
       (b) Effective Date.--The amendment made by subsection (a) 
     shall apply to expenditures paid or incurred after December 
     31, 2003.

     SEC. 114. EXPANSION OF WOTC TO NEW YORK LIBERTY ZONE.

       (a) In General.--Subclause (I) of section 
     1400L(a)(2)(D)(iv) is amended by inserting ``or the period 
     beginning after December 31, 2003, and before July 1, 2004'' 
     after ``2003''.
       (b) Conforming Amendment.--Subclause (II) of section 
     1400L(a)(2)(D)(iv) is amended by inserting ``or period 
     described in subclause (I)'' after ``year''.
       (c) Effective Date.--The amendments made by this section 
     shall apply to individuals who begin work for the employer 
     after December 31, 2003.

     SEC. 115. TEMPORARY SPECIAL RULES FOR TAXATION OF LIFE 
                   INSURANCE COMPANIES.

       (a) In General.--Subsection (j) of section 809 is amended 
     by striking ``or 2003'' and inserting ``2003, or 2004''.
       (b) Effective Date.--The amendment made by subsection (a) 
     shall apply to taxable years beginning after December 31, 
     2003.

     SEC. 116. TAX INCENTIVES FOR INVESTMENT IN THE DISTRICT OF 
                   COLUMBIA.

       (a) Designation of Zone.--Subsection (f) of section 1400 is 
     amended by striking ``December 31, 2003'' both places it 
     appears and inserting ``June 30, 2004''.
       (b) Tax-Exempt Economic Development Bonds.--Subsection (b) 
     of section 1400A is amended by striking ``December 31, 2003'' 
     and inserting ``June 30, 2004''.
       (c) Zero Percent Capital Gains Rate.--
       (1) In general.--Subsection (b) of section 1400B is amended 
     by striking ``January 1, 2004'' each place it appears and 
     inserting ``July 1, 2004''.
       (2) Conforming amendments.--
       (A) Section 1400B(e)(2) is amended--
       (i) by striking ``December 31, 2008'' and inserting ``June 
     30, 2009'', and
       (ii) by striking ``2008'' in the heading and inserting 
     ``june 2009''.
       (B) Section 1400B(g)(2) is amended by striking ``December 
     31, 2008'' and inserting ``June 30, 2009''.
       (C) Section 1400F(d) is amended by striking ``December 31, 
     2008'' and inserting ``June 30, 2009''.
       (d) First-Time Homebuyer Credit.--Subsection (i) of section 
     1400C is amended by striking ``January 1, 2004'' and 
     inserting ``July 1, 2004''.
       (e) Effective Date.--The amendments made by this section 
     shall take effect on January 1, 2004.

     SEC. 117. COMBINED EMPLOYMENT TAX REPORTING PROGRAM.

       (a) In General.--Paragraph (1) of section 976(b) of the 
     Taxpayer Relief Act of 1997 is amended by striking ``for a 
     period ending with the date which is 5 years after the date 
     of the enactment of this Act'' and inserting ``during the 
     period ending before July 1, 2004''.
       (b) Effective Date.--The amendment made by subsection (a) 
     shall apply to disclosures on or after the date of the 
     enactment of this Act.

                      TITLE II--REVENUE PROVISIONS

     SEC. 201. ADDITION OF VACCINES AGAINST HEPATITIS A TO LIST OF 
                   TAXABLE VACCINES.

       (a) In General.--Section 4132(a)(1) (defining taxable 
     vaccine) is amended by redesignating subparagraphs (I), (J), 
     (K), and (L) as subparagraphs (J), (K), (L), and (M), 
     respectively, and by inserting after subparagraph (H) the 
     following new subparagraph:
       ``(I) Any vaccine against hepatitis A.''.
       (b) Conforming Amendment.--Section 9510(c)(1)(A) is amended 
     by striking ``October 18, 2000'' and inserting ``the date of 
     the enactment of the Tax Relief Extension Act of 2003''.
       (c) Effective Date.--

[[Page S15192]]

       (1) Sales, etc.--The amendments made by this section shall 
     apply to sales and uses on or after the first day of the 
     first month which begins more than 4 weeks after the date of 
     the enactment of this Act.
       (2) Deliveries.--For purposes of paragraph (1) and section 
     4131 of the Internal Revenue Code of 1986, in the case of 
     sales on or before the effective date described in such 
     paragraph for which delivery is made after such date, the 
     delivery date shall be considered the sale date.

     SEC. 202. ADDITION OF VACCINES AGAINST INFLUENZA TO LIST OF 
                   TAXABLE VACCINES.

       (a) In General.--Section 4132(a)(1) (defining taxable 
     vaccine), as amended by this Act, is amended by adding at the 
     end the following new subparagraph:
       ``(N) Any trivalent vaccine against influenza.''.
       (b) Effective Date.--
       (1) Sales, etc.--The amendment made by this section shall 
     apply to sales and uses on or after the later of--
       (A) the first day of the first month which begins more than 
     4 weeks after the date of the enactment of this Act, or
       (B) the date on which the Secretary of Health and Human 
     Services lists any vaccine against influenza for purposes of 
     compensation for any vaccine-related injury or death through 
     the Vaccine Injury Compensation Trust Fund.
       (2) Deliveries.--For purposes of paragraph (1) and section 
     4131 of the Internal Revenue Code of 1986, in the case of 
     sales on or before the effective date described in such 
     paragraph for which delivery is made after such date, the 
     delivery date shall be considered the sale date.

     SEC. 203. EXTENSION OF TRANSFERS OF EXCESS PENSION ASSETS TO 
                   RETIREE HEALTH ACCOUNTS.

       (a) Amendment of Internal Revenue Code of 1986.--Paragraph 
     (5) of section 420(b) (relating to expiration) is amended by 
     striking ``December 31, 2005'' and inserting ``December 31, 
     2013''.
       (b) Amendments of ERISA.--
       (1) Section 101(e)(3) of the Employee Retirement Income 
     Security Act of 1974 (29 U.S.C. 1021(e)(3)) is amended by 
     striking ``Tax Relief Extension Act of 1999'' and inserting 
     ``Tax Relief Extension Act of 2003''.
       (2) Section 403(c)(1) of such Act (29 U.S.C. 1103(c)(1)) is 
     amended by striking ``Tax Relief Extension Act of 1999'' and 
     inserting ``Tax Relief Extension Act of 2003''.
       (3) Paragraph (13) of section 408(b) of such Act (29 U.S.C. 
     1108(b)(3)) is amended--
       (A) by striking ``January 1, 2006'' and inserting ``January 
     1, 2014'', and
       (B) by striking ``Tax Relief Extension Act of 1999'' and 
     inserting ``Tax Relief Extension Act of 2003''.

     SEC. 204. EXTENSION OF IRS USER FEES.

       (a) In General.--Section 7528(c) (relating to termination) 
     is amended by striking ``December 31, 2004'' and inserting 
     ``December 31, 2011''.
       (b) Effective Date.--The amendment made by this section 
     shall apply to requests after the date of the enactment of 
     this Act.

                                 ______