December 17, 2014

The Senate passed H.R. 5771, the Tax Increase Prevention Act (the tax extenders bill), Tuesday December 16 without amendments.  Federal Legislative Advocate Bob Canavan has provided the update below on the action.

Senate Tax Extenders:

The Senate passed H.R. 5771, the Tax Increase Prevention Act (the House tax extender bill) without amendments by a vote of 76-16 on Tuesday, December 16.  H.R. 5771 extends 55 expired tax provisions for one year (2014).   The extenders bill includes a one-year $400 million extension of the Qualified Zone Academy Bond (QZAB) program.  The bill also included a one-year extension of the Energy Efficient Commercial Building Deduction.