[Congressional Record Volume 163, Number 168 (Wednesday, October 18, 2017)]
[Senate]
[Page S6561]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 1268. Mr. WARNER submitted an amendment intended to be proposed to
amendment SA 1116 proposed by Mr. Enzi to the concurrent resolution H.
Con. Res. 71, establishing the congressional budget for the United
States Government for fiscal year 2018 and setting forth the
appropriate budgetary levels for fiscal years 2019 through 2027; which
was ordered to lie on the table; as follows:
At the end of subtitle A of title IV, add the following:
SEC. 41__. HONEST ACCOUNTING: COST ESTIMATES FOR TEMPORARY
TAX PROVISIONS.
(a) CBO and JCT Estimates.--During the 115th Congress, in
the Senate, any covered cost estimate for a bill, joint
resolution, amendment, amendment between the Houses, motion,
or conference report that creates or extends a temporary tax
provision shall also include, for information purposes only,
an estimate of the cost of the temporary tax provision, as if
it were permanent.
(b) Definitions.--In this section--
(1) the term ``covered cost estimate'' means an estimate
provided--
(A) by the Congressional Budget Office under section 402 of
the Congressional Budget Act of 1974 (2 U.S.C. 653);
(B) by the Joint Committee on Taxation to the Congressional
Budget Office under section 201(f) of such Act (2 U.S.C.
601(f)); or
(C) at the request of the Chairman or Ranking Member of the
Committee on Finance or the Committee on the Budget of the
Senate; and
(2) the term ``temporary tax provision'' means an amendment
to the Internal Revenue Code of 1986 (or any other provision
of tax law) which includes a date of termination or applies
only to periods, transactions, or events before a specified
date.
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