Friday, February 18, 2011

Joint Committee On Taxation Published Listing Of Tax Provisions Scheduled To Expire Over Next Decade

The Joint Committee on Taxation (JCT) has published a listing of federal tax provisions that are currently scheduled to expire over the next decade. (JCX-2-11, List of Expiring Federal Tax Provisions, 2010-2020) The document includes references to the applicable section of the Code or other law as well as expiring tax provisions providing temporary disaster relief. According to the JCT, it considered a provision to be expiring “if, at a statutorily specified date, the provision expires completely or reverts to the law in effect before the present-law version of the provision.” The document can be found at; id;= 3722.

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