Small Business Taxes & Management^TM--Copyright 2010, A/N Group, Inc.

Notes:

• For purposes of this list, a provision is considered 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. Certain provisions terminate on dates that refer to a taxpayer's taxable year and not a calendar year. We have not listed a specific expiration date for the various provisions. Most expire at the end of a calendar year, but some expire mid-year and some are based on the taxpayer's fiscal year. Check the details for the provision you are interested in.

• Check revision date at the end of this article.

Provisions Expiring in 2009

1. Temporary reduction in corporate rate for qualified timber gain (sec. 1201(b))

2. Personal tax credits allowed against regular tax and alternative minimum tax ("AMT") (sec. 26(a)(2))

3. Alternative motor vehicle credit for qualified hybrid motor vehicles other than passenger automobiles and light trucks (sec. 30B(k)(3))

4. Incentives for biodiesel and renewable diesel:

a. Income tax credits for biodiesel fuel, biodiesel used to produce a qualified mixture, and small agri-biodiesel producers (sec. 40A(g))

b. Income tax credits for renewable diesel fuel and renewable diesel used to produce a qualified mixture (sec. 40A(g))

c. Excise tax credits and outlay payments for biodiesel fuel mixtures (secs. 6426(c)(6) and 6427(e)(6)(B))

d. Excise tax credits and outlay payments for renewable diesel fuel mixtures (secs. 6426(c)(6) and 6427(e)(6)(B))

6. Increase in low-income housing credit volume cap (sec. 42(h)(3)(I))

7. Election to substitute grants to States for low-income housing projects for low-income housing credit allocation (sec. 42(i)(9) and sec. 1602 of Pub. L. No. 111-5)

8. Credit for electricity produced at open-loop biomass facilities placed in service before October 22, 2004 (sec. 45(b)(4)(B)(ii))

9. Placed-in-service date for facilities eligible to claim the refined coal production credit (sec. 45(d)(8))

10. Indian employment tax credit (sec. 45A(f))

11. New markets tax credit (sec. 45D(f)(1))

12. Credit for certain expenditures for maintaining railroad tracks (sec. 45G(f))

13. Production of low sulfur diesel fuel credit for small refiners--period for incurring qualified expenditures in compliance with Environmental Protection Agency ("EPA") sulfur regulations (sec. 45H(c)(4))

14. Placed-in-service date for eligibility for tax credit for the production of coke or coke gas (sec. 45K(g)(1))

15. Credit for construction of new energy efficient homes (sec. 45L(g))

16. Mine rescue team training credit (sec. 45N)

17. Employer wage credit for activated military reservists (sec. 45P)

18. Issuance of clean renewable energy bonds ("CREBs") (sec. 54(m))

19. Increased AMT exemption amount (sec. 55(d)(1))

20. Deduction for certain expenses of elementary and secondary school teachers (sec. 62(a)(2)(D))

21. Additional standard deduction for State and local real property taxes (sec. 63(c)(7))

22. Exclusion of unemployment compensation benefits from gross income (sec. 85(c))

23. Suspension of applicable high-yield debt obligation rules for debt issued in an exchange or as a result of modification (sec. 163(e)(5))

24. Deduction for State and local general sales taxes (sec. 164(b)(5))

25. Deduction for State sales tax and excise tax on the purchase of motor vehicles (sec. 164(b)(6)(G))

26. Five-year depreciation for farming business machinery and equipment (sec. 168(e)(3)(B)(vii))

27. 15-year straight-line cost recovery for qualified leasehold improvements, qualified restaurant buildings and improvements, and qualified retail improvements (secs. 168(e)(3)(E)(iv), (v), (ix), 168(e)(7)(A)(i) and (e)(8)(E))

28. Seven-year recovery period for motorsports entertainment complexes (sec. 168(i)(15))

29. Accelerated depreciation for business property on an Indian reservation (sec. 168(j)(8))

30. Additional first-year depreciation for 50 percent of basis of qualified property (sec. 168(k)(2))

31. Election to accelerate AMT and research credits in lieu of additional first-year depreciation (sec. 168(k)(4))

32. Special rules for contributions of capital gain real property made for conservation purposes (secs. 170(b)(1)(E) and 170(b)(2)(B))

33. Enhanced charitable deduction for contributions of food inventory (sec. 170(e)(3)(C))

34. Enhanced charitable deduction for contributions of book inventories to public schools (sec. 170(e)(3)(D))

35. Enhanced charitable deduction for corporate contributions of computer equipment fot educational purposes (sec. 170(e)(6)(G))

36. Extended net operating loss ("NOL") carryback period (sec. 172(b)(1)(H))

37. Increase in expensing to $250,000/$800,000 (sec. 179(b)(7))

38. Election to expense advanced mine safety equipment (sec. 179E(a))

39. Expensing of capital costs incurred by small refiners for production of diesel fuel in compliance with EPA sulfur regulations (sec. 179B(a))

40. Special expensing rules for certain film and television productions (sec. 181(f))

41. Expensing of "brownfields" environmental remediation costs (sec. 198(h))

42. Deduction allowable with respect to income attributable to domestic production activities in Puerto Rico (sec. 199(d)(7))

43. Allowance of additional IRA contributions in certain bankruptcy cases (sec. 219(b)(5)(C))

44. Above-the-line deduction for qualified tuition and related expenses (sec. 222(e))

45. Waiver of minimum required distribution rules for IRAs and defined contribution plans (sec. 401(a)(9)(H))

46. Tax-free distributions from individual retirement plans for charitable purposes (sec. 408(d)(8))

47. Special rule for sales or dispositions to implement Federal Energy Regulatory Commissin ("FERC") or State electric restructuring policy (sec. 451(i))

48. Modification of tax treatment of certain payments to controlling exempt organizations (sec. 512(b)(13)(E)(iv))

49. Exclusion of gain or loss on sale or exchange of certain brownfield sites from unrelated business taxable income (sec. 512(b)(19)(K))

50. Suspension of 100 percent-of-net-income limitation on percentage depletion for oil and gas from marginal wells (sec. 613A(c)(6)(H)(ii))

51. Mineral royalties treated as qualified real estate investment trust ("REIT") income for timber REITs (sec. 856(c)(2)(I))

52. Treatment of timber gains of REITs (secs. 856(c)(5)(H)(iii) and 856(c)(8))

53. Sales by REITs of timber property held at least two years to qualified organizations fot conservation purposes treated as sale of property held for investment or used in a trade or business (secs.856(c)(8), 857(b)(6)(G), and 857(b)(6)(H))

54. Treatment of certain dividends and assets of regulated investment companies ("RICs") (secs. 871(k)(1)(C) and (2)(C), and 881(e)(1)(A) and (2))

55. RIC qualified investment entity treatment under FIRPTA (sec. 897(h)(4))

56. Exceptions under subpart F for active financing income (secs. 953(e)(10) and 954(h)(9))

57. Look-through treatment of payments between related controlled foreign corporations under the foreign personal holding company rules (sec. 954(c)(6))

58. Basis step-up for property acquired from a decedent (sec. 1014 and sec. 901 of Pub. L. No. 107-16)

59. Basis adjustment to stock of S corporations making charitable contributions of property (sec. 1367(a))

60. Empowerment zone tax incentives:

a. Designation of an empowerment zone and of additional empowerment zones (secs. 1391(d)(1)(A)(i) and (h)(2))

b. Increased exclusion of gain (attributable to periods before 1/1/15) on the sale of qualified business stock of an empowerment zone business (secs. 1202(a)(2) and 1391(d)(1)(A)(i))

c. Empowerment zone tax-exempt bonds (secs. 1394 and 1391(d)(1)(A)(i))

d. Empowerment zone employment credit (secs. 1396 and 1391(d)(1)(A)(i))

e. Increased expensing under sec. 179 (secs. 1397A and 1391(d)(1)(A)(i))

f. Nonrecognition of gain on rollover of empowerment zone investments (secs. 1397B and 1391(d)(1)(A)(i))

a. Designation of DC Zone, employment tax credit, and additional expensing (sec. 1400(f)(1))

b. DC Zone tax-exempt bonds (sec. 1400A(b))

c. Acquisition date for eligibility for zero percent capital gains rate for investment in DC for gains through 12/31/14 (secs. 1400B(b)(2)(A)(i), (b)(3)(A), (b)(4)(A)(i), (b)(4)(B)(i)(I), (e)(2), and (g)(2))

d. Tax credit for first-time DC homebuyers (sec. 1400C(i))

a. Designation of renewal community (secs. 1400E(b)(1)(A) and (b)(3))

b. Acquisition date for eligibility for zero percent capital gains rate for investment in renewal communities for gains through 12/31/14 (secs. 1400F(b)(2)(A)(i), (3)(A), and (4)(A)(i) and (4)(B)(i), 1400F(c)(2), 1400F(d))

c. Employment credit (secs. 1400H and 1391(d)(1)(A)(i))

d. Commercial revitalization deduction (secs. 1400I(d)(2) and 1400I(g))

e. Increased expensing under sec. 179 (sec. 1400J(b)(1)(A))

64. Estate and generation-skipping transfer taxes (secs. 2210 and 2664)

65. Incentives for alternative fuel and alternative fuel mixtures (excluding liquefied hydrogen):

a. Excise tax credits and outlay payments for alternative fuel (secs. 6426(d)(5) and 6427(e)(6)(C))

b. Excise tax credits and outlay payments for alternative fuel mixtures (secs. 6426(e)(3) and 6427(e)(6)(C))

67. Temporary increase in limit on cover over of rum excise tax revenues (from $10.50 to $13.25 per proof gallon) to Puerto Rico and the Virgin Islands (sec. 7652(f))

68. American Samoa economic development credit (sec. 119 of Pub. L. No. 109-432)

69. Use of single-employer defined benefit plan's prior-year adjusted funding target attainment percentage to determine application of limitation on benefit accruals (sec. 203 of Pub. L. No. 110-458)

70. Delay of designation of multiemployer plans as in endangered or critical status (sec. 204 0f Pub. L. No. 110-458)

71. Extension of funding improvement and rehabilitation periods for certain multiemployer pension plans (sec. 205 of Pub. L. No. 110-458)

72. Refundable credit for government retirees (sec. 2202 of Pub. L. No. 111-5)

Provisions Expiring in 2010

1. Sixty-five percent subsidy for payment of COBRA health care coverage continuation premiums (sec. 6432 and sec. 3001 of Pub. L. No. 111-5)

2. Airport and Airway Trust Fund excise taxes:

a. All but 4.3 cents-per-gallon of taxes on noncommercial aviation kerosene and noncommercial aviation gasoline (sec. 4081(d)(2)(B))

b. Domestic and international air passenger ticket taxes (sec. 4261(j)(1)(A)(ii))

c. Air cargo tax (sec. 4271(d)(1)(A)(ii))

4. Increase of the size of 15 percent rate bracket for married filers to double that of unmarried filers (sec. 1(f)(8) and sec. 901 of Pub. L. No. 107-16)

5. Reduced capital gain rates for individuals (secs. 1(h)(1)(B), 1(h)(1)(C), 55(b)(3)(B), 55(b)(3)(C), 57(a)(7), 1445(e)(1), 7518(g)(6)(A) and sec. 102 of Pub. L. No. 109-222)

6. Dividends of individuals taxed at capital gain rates (secs. 1(h)(11), 163(d)(4)(B), 854(a), 854(b) and 857(c) and sec. 102 of Pub. L. No. 109-222)

7. Ten percent individual income tax rate (sec. 1(i) and sec. 901 of Pub. L. No. 107-16)

8. Reduction in other individual income tax rates--size of 15 percent rate bracket modified to reflect 10 percent rate, and 28 percent, 31 percent, 36 percent and 39.6 percent rates are reduced to 25 percent, 28 percent, 33 percent and 35 percent, respectively (sec. 1(i)(2) and sec. 901 of Pub. L. No. 107-16)

9. Dependent care--credit increase of dollar limit on creditable expenses from $2,400 to $3,000 ($4,800 to $6,000 for two or more children), increase of applicable credit percentage from 30 to 35 percent, increase of beginning point of phase-out range from $10,000 to $15,000 (secs. 21(a)(2) and 21(c) and sec. 901 of Pub. L. No. 107-16)

10. Adoption credit and adoption assistance exclusion--increase to $10,000 for maximum credit and maximum exclusion, special needs adoptions deemed to have $10,000 eligible expenses for purposes of credit and exclusion, increase the beginning and ending points of phase-out range for credit and exclusion, the credit is allowed against AMT (secs. 23 and 137 and sec. 901 of Pub. L. No. 107-16)

11. Child credit--increase from $500 to $1,000, expand eligibility for refundable portion of the credit, AMT relief, provide that child credit not treated as income or resources for purposes of benefit or assistance programs financed in whole or in part with Federal funds (secs. 24(a) and (b)(3) and secs. 203 and 901 of Pub. L. No. 107-16)

12. Refundable child credit floor amount (sec. 24(d))

13. American Opportunity Tax credit (sec. 25A(i))

14. Credit for certain nonbusiness energy property (sec. 25C(g))

15. Alternative motor vehicle credit for advanced lean burn technology motor vehicles and qualified hybrid motor vehicles that are passenger automobiles or light trucks (sec. 30B(k)(2))

16. Alternative motor vehicle credit for qualified alternative fuel vehicles (sec. 30B(k)(4))

17. Alternative fuel vehicle refueling property--increase in credit rate and credit cap (sec. 30C(e)(6))

18. Alternative fuel vehicle refueling property (non-hydrogen refueling property) (sec. 30C(g)(2))

19. Earned income tax credit ("EITC")--increase in the beginning point of the phase-out range for joint returns, modification of EITC treatment of amounts not includible in income, repeal of reduction of EITC for AMT liability, expansion of math error authority (secs. 32(b)(2), (c)(2)(A)(i), (h), and 6213(g)(2) and sec. 901 of Pub. L. No. 107-16)

20. Earned income tax credit:

a. Credit percentage of 45 percent for three or more qualifying children (sec. 32(b)(3)(A))

b. Phaseout threshold for marriage penalty relief (sec. 32(b)(3)(B))

22. Making work pay credit (sec. 36A)

23. Incentives for alcohol fuels

a. Alcohol fuels income tax credit (alcohol fuel, alcohol used to produce a qualified mixture, and small ethanol producers) (secs. 40(e)(1)(A), (h)(1), and (h)(2))

b. Alcohol fuel mixture excise tax credit and outlay payments (secs. 6426(b)(6) and 6427(e)(6)(A))

25. Credit for energy efficient appliances (sec. 45M(b))

26. Election of investment credit in lieu of production tax credit (sec. 48(a)(5))

27. Grants for specified energy property in lieu of tax credits (sec. 48(d) and sec. 1603 of Pub. L. No. 111-5)

28. Work opportunity tax credit targeted group status for unemployed veterans and disconnected youth (sec. 51(d)(14))

29. Qualified zone academy bonds--allocation of bond authority(sec. 54E(c)(1))

30. Qualified school construction bonds--allocation of bond authority (sec. 54F(c)(3))

31. Authority to issue Build America Bonds (secs. 54AA(d)(1)(B) and 6431(a))

32. Modification of AMT limitations on tax-exempt bonds (secs. 57(a)(5)(C)(vi) and 56(g)(4)(B)(iv))

33. Increase of the standard deduction for married filers to double that of unmarried filers (sec. 63(c)(2)(A) and sec. 901 of Pub. L. No. 107-16)

34. Repeal of overall limitation on itemized deductions (the "Pease limitation) (sec. 68(g) and sec. 901 of Pub. L. No. 107-16)

35. Deferral and ratable inclusion of income from business debt discharged by reacquisition (sec. 108(i))

36. Elimination of tax on awards under the National Health Service Corps Scholarship Program and the F. Edward Hébert Armed Forces Health Professions Scholarship and Financial Assistance Program (sec. 117(c)(2) and sec. 901 of Pub. L. No. 107-16)

37. Employer-provided educational assistance expansion to graduate education and making the exclusion permanent (sec. 127(c)(1) and sec. 901 of Pub. L. No. 107-16)

38. Parity for exclusion from income for employer-provided mass transit and parking benefits (sec. 132(f))

39. Exclusion from income for benefits provided to volunteer firefighters and emergency medical responders (sec. 139B)

40. Tax-exempt bonds for educational facilities--increase in amount of bonds qualifying for small-issuer arbitrage rebate exception, expansion of tax-exempt bond treatment to public school facilities (secs. 142(a)(13) and (k), 148(f)(4)(D)(vii) and sec. 901 of Pub. L. No. 107-16)

41. Qualified mortgage bonds for refinancing of subprime loans (sec. 143(k)(12))

42. Expansion of availability of industrial development bonds to facilities manufacturing intangible property (sec. 144(a)(12)(C))

43. Volume cap increase and set-aside for private activity bonds for housing (secs. 146(d)(5) and (f)(6))

44. Bonds guaranteed by Federal Home Loan banks eligible for treatment as tax-exempt bonds (sec. 149(b)(3)(A)(iv))

45. Repeal of the personal exemptions phaseouts ("PEP") for high income taxpayers (sec. 151(d)(3)(F) and sec. 901 of Pub. L. No. 107-16)

46. Premiums for mortgage insurance deductible as interest that is qualified residence interest (sec. 163(h)(3))

47. Five-year amortization of music and music copyrights (sec. 167(g)(8))

48. Natural gas distribution lines treated as 15-year property (sec. 168(e)(3)(E)(viii))

49. Increase in dollar limitations for expensing to $125,000/500,000 (indexed) (secs. 179(b)(1) and (2), (c)(2), and (d)(1)(A)(ii))

50. Student loan interest deduction--increase and indexation for inflation of the phaseout ranges, repeal of the limit on the number of months that interest payments are deductible, repeal of the rule that voluntary payments of interest are not deductible (sec. 221 and sec. 901 of Pub. L. No. 107-16)

51. Modification of small issuer exception to tax-exempt interest allocation rules for financial institutions (sec. 265(b)(3)(G))

52. De minimis safe harbor exception for tax-exempt interest expense of financial institutions (secs. 265(b)(7) and 291(e)(1)(B)(iv))

53. Repeal of collapsible corporation rules (sec. 341 and sec. 102 of Pub. L. No. 109-222)

54. Computer technology and equipment allowed as a qualified higher education expense for section 529 accounts (sec. 529(e)(3)(A)(iii))

55. Education IRAs (Coverdell education savings accounts)--increase of maximum annual contribution from $500 to $2,000, expansion of definition of qualified education expenses, increase in the size of the phase-out range for married filers to double that of unmarried filers, provision of special needs beneficiary rules, contributions by corporations and other entities, and contributions until April 15th, permitted (secs. 530(b)(1), (b)(2), (b)(4), (c)(1), (d)(2) and sec. 901 of Pub. L. No. 107-16)

56. Modified tax treatment of electing Alaska Native Settlement Trusts and their beneficiaries (sec. 646 and sec. 901 of Pub. L. No. 107-16)

57. Modified carryover basis rules for property acquired from a decedent who dies during 2010 (secs. 1022, 1040, 6018, and 6716 and sec. 901 of Pub. L. No. 107-16)

58. Special rules for qualified small business stock (sec. 1202(a)(3))

59. Reduction in S corporation recognition period for built-in gains tax (sec. 1374(d)(7))

60. Authority to issue recovery zone economic development bonds and facility bonds (secs. 1400U-2(b) and 1400U-3(b))

61. Estate tax deduction for State death taxes paid (secs. 2011, 2053, 2058, 2102, 2106, and 2604 and sec. 901 of Pub. L. No. 107-16)

62. Expansion and clarification of estate tax conservation easement rules (secs. 2031(c)(2) and (c)(8)(A)(i) and sec. 901 of Pub. L. No. 107-16)

63. Temporary repeal of the estate and generation-skipping transfer taxes (secs. 2210 and 2664 and sec. 901 of Pub. L. No. 107-16)

64. Reduction in the maximum gift tax rate to 35 percent (sec. 2502 and sec. 901 of Pub. L. No. 107-16)

65. Treatment of certain transfers in trust as taxable gifts under section 2503 (sec. 2511(c) and sec. 901 of Pub. L. No. 107-16)

66. Repeal of the qualified family-owned business deduction (sec. 2057 and sec. 901 of Pub. L. No. 107-16)

67. Modifications to generation-skipping transfer tax rules regarding deemed allocations of exemption to certain transfers in trust, severing of trusts, valuation, and relief for late elections (secs. 2632(c) and 2642(a)(3), (b)(1) and (b)(2)(A) and sec. 901 of Pub. L. No. 107-16)

68. Modifications to estate tax installment payment rules (secs. 6166(b)(1)(B)(ii), (b)(1)(C)(ii), (b)(8)(B), (b)(9)(B)(iii)(I) and (b)(10) and sec. 901 of Pub. L. No. 107-16)

69. Expand from 90 days to 120 days the postponement of certain tax related deadlines in the case of Presidentially-declared disasters (sec. 7508A(a) and sec. 901 of Pub. L. No. 107-16)

Provisions Expiring in 2011

1. FUTA surtax of 0.2 percent (sec. 3301(1))

2. Work opportunity tax credit (sec. 51(c)(4))

3. Highway Trust Fund excise tax rates:

a. All but 4.3 cents-per-gallon of the taxes on highway gasoline, diesel fuel, kerosene, and alternative fuels (secs. 4041(a) and 4081(d)(1))

b. Reduced rate of tax on partially exempt methanol or ethanol fuel (sec. 4041(m))

c. Tax on retail sale of heavy highway vehicles (sec. 4051(c))

d. Tax on heavy truck tires (sec. 4071(d))

e. Annual use tax on heavy highway vehicles (sec. 4481(f))

5. Credit for electric drive motorcycles, three-wheeled vehicles, and low-speed vehicles (sec. 30(f))

6. Conversion credit for plug-in electric vehicles (sec. 30B(i)(4))

7. Treatment of military basic housing allowances under low-income housing credit (sec. 142(d))

8. Disclosure of prisoner return information to the Federal Bureau of Prisons (sec. 6103(k)(10))

Provisions Expiring in 2012

1. Qualified green buildings and sustainable design project bonds (sec. 142(l)(8))

2. Cellulosic biofuel producer credit (sec. 40(b)(6)(H))

3. Placed-in-service date for wind facilities eligible to claim electricity production credit (sec. 45(d))

4. Credit for production of Indian coal (sec. 45(e)(10)(A)(i))

5. Election to claim the energy credit in lieu of the electricity production credit for wind facilitie (sec. 48(a)(5))

6. Credit for prior year minimum tax liability made refundable after period of years (sec. 53(e))

7. Discharge of indebtedness on principal residence excluded from gross income of individuals (sec. 108(a)(1)(E))

8. Special depreciation allowance for cellulosic biofuel plant property (sec. 168(l))

Provisions Expiring in 2013

1. Determination of low-income housing credit rate (sec. 42(b)(2))

2. Placed-in-service date for facilities (other than wind facilities) eligible to claim the electricity production credit (sec. 45(d))

3. Election to claim the energy credit in lieu of the electricity production credit for renewable power facilities other than wind facilities (sec. 48(a)(5))

4. Three-year depreciation for race horses two years old or younger (sec. 168(e)(3)(a)(i)(I))

5. Placed-in-service date for partial expensing of certain refinery property (sec. 179C(c)(1))

6. Energy efficient commercial buildings deduction (sec. 179D(h))

7. Transfer of excess pension assets to retiree health accounts (sec. 420(b)(5))

Provisions Expiring in 2014

1. Incentives for alternative fuel and alternative fuel mixtures involving liquefied hydrogen:

a. Excise tax credits and outlay payments for liquefied hydrogen (secs. 6426(d)(5) and 6427(e)(6)(D))

b. Excise tax credits and outlay payments for liquefied hydrogen fuel mixtures (secs. 6426(e)(3) and 6427(e)(6)(D))

3. Alternative fuel vehicle refueling property (hydrogen refueling property) (sec. 30C(g)(1))

4. Automatic amortization extension for multiemployer defined benefit pension plans (sec. 431(d)(1)(C))

5. Additional funding rules for multiemployer defined benefit pension plans in endangered or critical status (sec. 432 and sec. 221(c) of Pub. L. No. 109-280)

6. Deemed approval of adoption, use or cessation of shortfall funding method for multiemployer defined benefit pension plans (secs. 201(b) and 221(c) of Pub. L. No. 109-280)

Provisions Expiring in 2016

1. Credit for residential energy property (sec. 25D(g))

2. Increased credit for business solar energy property (sec. 48(a)(2)(A)(i)(II))

3. Credit for hybrid solar lighting systems (sec. 48(a)(3)(A)(ii))

4. Energy credit for geothermal heat pump property, small wind property, and combined heat and power property (secs. 48(a)(3)(A)(vii), 48(c)(4)(D), and 48(c)(3)(A)(iv))

5. Credit for business installation of qualified fuel cells and stationary microturbine power plants (secs. 48(c)(1)(D) and (c)(2)(D))

Provisions Expiring in 2017

1. Oil Spill Liability Trust Fund financing rate (sec. 4611(f)(2))

Provisions Expiring in 2018

1. Authority to offset Federal income tax refunds to assist State collection of unemployment compensation debts resulting from fraud (sec. 6402(f))

2. Increase in amount of excise tax on coal (sec. 4121(e)(2))

Provisions Expiring in 2020

1. Placed-in-service date for eligibility for the credit for production from certified advanced nuclear power facilities (sec. 45J(d)(1)(B))

Temporary Disaster Relief Federal Tax Provisions Expiring in 2009

1. Housing tax relief for individuals in areas damaged by 2008 Midwestern severe storms, tornados and flooding (sec. 702 of Division C of Pub. L. No. 110-343)

2. Period to amend returns to reduce casualty losses later compensated by Federal relief grants, and limited relief from interest and penalties (sec. 3082 of Pub. L. No. 110-289)

3. Work opportunity tax credit with respect to certain individuals affected by Hurricane Katrina for employers inside disaster areas (sec. 201 of Pub. L. No. 109-73)

4. Tax relief for areas damaged by 2008 Midwestern severe storms, tornados and flooding (sec. 702 of Division C of Pub. L. No. 110-343)

a. Tax credit bonds

b. Expansion of the Hope and Lifetime Learning credits

c. Use of funds from retirement plans

d. Secretarial authority to make adjustments regarding taxpayer and dependent status

e. Additional personal exemption for housing displaced individuals

f. Exclusion for certain cancellations of indebtedness

g. Education tax benefits

a. Waiver of certain mortgage revenue bond requirements following Federally declared disasters (sec. 143(k))

b. Losses attributable to Federally declared disasters (sec. 165(h)(3))

c. Special depreciation allowance for qualified disaster property (sec. 168(n))

d. Net operating losses attributable to Federally declared disasters (sec. 172(b)(1)(J))

e. Increased expensing for qualified disaster assistance property (sec. 179(e))

f. Expensing of qualified disaster expenses (sec. 198A)

6. New York Liberty Zone: special depreciation allowance for nonresidential real property and residential rental property (sec. 1400L(b)(2)(A))

7. New York Liberty Zone: tax-exempt bond financing (sec. 1400L(d)(2)(D))

8. Increase in rehabilitation credit for structures located in the Gulf Opportunity Zone (sec. 1400N(h))

9. Tax relief for Kiowa County, Kansas, and surrounding area by reason of severe storms and tornados beginning May 4, 2007 (sec. 15345 of Pub. L. No. 110-246)

a. Additional depreciation allowance for nonresidential real property and residential rental property

b. Expensing for demolition and clean-up costs

c. Treatment of net operating losses attributable to disaster losses

Temporary Disaster Relief Federal Tax Provisions Expiring in 2010

1. Acceleration of income tax benefits for charitable cash contributions for relief of victims of earthquake in Haiti (Pub. L. No. 111-126)

2. Tax-exempt bond financing for the Gulf Opportunity Zone (sec. 1400N(a))

3. Advance refunding of certain tax-exempt bonds (sec. 1400N(b))

4. Low-income housing credit additional housing credit dollar amount for the Gulf Opportunity Zone and certain programmatic expansions for the Gulf Opportunity Zone, the Rita GO Zone, and the Wilma GO Zone (sec. 1400N(c))

5. Placed-in-service date for additional depreciation for specified Gulf Opportunity Zone extension property (sec. 1400N(d)(6))

6. Treatment of residences located in the Gulf Opportunity Zone, the Rita GO Zone, or the Wilma GO Zone as targeted area residences for purposes of mortgage revenue bond rules (sec. 1400T)

7. Waiver of first-time homebuyer rule for qualified Hurricane Katrina residences financed with mortgage revenue bonds (sec. 104 of Pub. L. No. 109-135)

8. Tax relief for areas damaged by 2008 Midwestern severe storms, tornados and flooding (sec. 702 of Division C of Pub. L. No. 110-343)

a. Low-income housing tax credit relief

b. Expensing for demolition and clean-up costs

c. Extension of expensing for environmental remediation costs

d. Special rules for mortgage revenue bonds

Temporary Disaster Relief Federal Tax Provisions Expiring in 2011

1. Tax relief for areas damaged by 2008 Midwestern severe storms, tornados and flooding (sec. 702 of Division C of Pub. L. No. 110-343)

a. Increase in rehabilitation credit

b. Treatment of net operating losses attributable to disaster losses

Temporary Disaster Relief Federal Tax Provisions Expiring in 2012

1. Tax-exempt bond financing rules for areas damaged by 2008 Midwestern severe storms, tornados and flooding (sec. 702 of Division C of Pub. L. No. 110-343)

2. Tax-exempt bond financing rules for areas damaged by Hurricane Ike in 2008 (sec. 704 of Division C of Pub. L. No. 110-343)

Temporary Disaster Relief Federal Tax Provisions Expiring in 2013

1. Extension of replacement period for nonrecognition of gain for areas damaged by 2008 Midwestern severe storms, tornados and flooding (sec. 702 of Division C of Pub. L. No. 110-343)

--Last Update 02/12/10