{
  "id": "R44930",
  "type": "CRS Report",
  "typeId": "REPORTS",
  "number": "R44930",
  "active": true,
  "source": "EveryCRSReport.com",
  "versions": [
    {
      "source": "EveryCRSReport.com",
      "id": 579758,
      "date": "2018-03-29",
      "retrieved": "2018-05-10T10:53:06.207880",
      "title": "Business Tax Provisions that Expired in 2017 (\u201cTax Extenders\u201d)",
      "summary": "Twelve temporary business tax provisions expired at the end of 2017. All of these provisions had expired at the end of 2016 but were retroactively extended by the Bipartisan Budget Act of 2018 (BBA; P.L. 115-123) and made available for the 2017 tax year, although one provision was extended through 2021. \nThis report briefly summarizes and discusses the economic impact of selected business-related tax provisions that expired at the end of 2017, including the following. \nSpecial business investment (cost recovery) provisions:\nSpecial Expensing Rules for Certain Film, Television, and Live Theatrical Productions\t\nSeven-Year Recovery Period for Motorsports Entertainment Complexes\t\nThree-Year Depreciation for Race Horses Two Years or Younger\t\nAccelerated Depreciation for Business Property on an Indian Reservation\t\nElection to Expense Advanced Mine Safety Equipment\t\nEconomic development provisions: \nEmpowerment Zone Tax Incentives \nAmerican Samoa Economic Development Credit\t\nOther business-related provisions:\nCredit for Certain Expenditures for Maintaining Railroad Tracks\nDeduction Allowable with Respect to Income Attributable to Domestic Production Activities in Puerto Rico\nIndian Employment Tax Credit\nMine Rescue Team Training Credit\nSpecial Rate for Qualified Timber Gains\nThis report does not include provisions that in the past have been classified as individual or energy-related. See CRS Report R44925, Recently Expired Individual Tax Provisions (\u201cTax Extenders\u201d): In Brief, coordinated by Molly F. Sherlock; and CRS Report R44990, Energy Tax Provisions That Expired in 2017 (\u201cTax Extenders\u201d), by Molly F. Sherlock, Donald J. Marples, and Margot L. Crandall-Hollick. For a general overview of tax provisions that expired in 2016, see CRS Report R44677, Tax Provisions that Expired in 2016 (\u201cTax Extenders\u201d), by Molly F. Sherlock.",
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      "topics": [
        {
          "source": "IBCList",
          "id": 4804,
          "name": "Business & Corporate Taxation"
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    },
    {
      "source": "EveryCRSReport.com",
      "id": 463661,
      "date": "2017-08-28",
      "retrieved": "2017-10-02T22:38:21.861560",
      "title": "Business Tax Provisions that Expired in 2016 (\u201cTax Extenders\u201d)",
      "summary": "Temporary tax provisions were last extended in the Protecting Americans from Tax Hikes (PATH) Act of 2015, signed into law as Division Q of the Consolidated Appropriations Act, 2016 (P.L. 114-113). Under this law, all tax provisions that had expired at the end of 2014 were retroactively extended. Among the business-related tax provisions, some were extended through 2016, some were extended through 2019, while others were made permanent.\nThis report briefly summarizes and discusses the economic impact of selected business-related tax provisions that expired at the end of 2016, including the following. \nSpecial business investment (cost recovery) provisions:\nSpecial Expensing Rules for Certain Film, Television, and Live Theatrical Productions\t\nSeven-Year Recovery Period for Motorsports Entertainment Complexes\t\nThree-Year Depreciation for Race Horses Two Years or Younger\t\nAccelerated Depreciation for Business Property on an Indian Reservation\t\nElection to Expense Advanced Mine Safety Equipment\t\nEconomic development provisions: \nEmpowerment Zone Tax Incentives\nQualified Zone Academy Bonds\u2014Allocation of Bond Limitation\nAmerican Samoa Economic Development Credit\t\nOther business-related provisions:\nCredit for Certain Expenditures for Maintaining Railroad Tracks\nTemporary Increase in Limit on Cover Over of Rum Excise Tax Revenues to Puerto Rico and the Virgin Islands\nDeduction Allowable with Respect to Income Attributable to Domestic Production Activities in Puerto Rico\nIndian Employment Tax Credit\nMine Rescue Team Training Credit\nSpecial Rate for Qualified Timber Gains\nThis report does not include provisions that in the past have been classified as individual or energy-related. For a general overview of tax provisions that expired in 2016, see CRS Report R44677, Tax Provisions that Expired in 2016 (\u201cTax Extenders\u201d), by Molly F. Sherlock.",
      "type": "CRS Report",
      "typeId": "REPORTS",
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      "topics": [
        {
          "source": "IBCList",
          "id": 4804,
          "name": "Business & Corporate Taxation"
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  "topics": [
    "Economic Policy"
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}