Markup of Tax Cuts and Jobs Act
Markup Information
Monday, November 6, 2017 at 12:00 PM in Room 1100 of the Longworth House Office Building, with continuation throughout the week as necessary.
Markup of:
H.R. 1, “Tax Cuts and Jobs Act”
Additional Markup Materials
- JCT Estimated Revenue Effects of H.R. 1
- JCT Description of H.R. 1
- Amendment in the Nature of a Substitute to H.R. 1
- JCT Estimated Revenue Effects of Amendment in the Nature of a Substitute to H.R. 1
- JCT Description of Amendment in the Nature of a Substitute to H.R. 1 (Green Sheet)
Markup Results
- The vote on Mr. Doggett’s motion to postpone consideration of H.R. 1 was not agreed to by a roll call vote of 16 yeas to 24 nays (with a quorum being present).
- Amendment offered by Mr. Brady to the amendment in the nature of a substitute to H.R. 1, which would make modifications to several tax provisions including administration of the earned income tax credit program, the exclusion from gross income for dependent care assistance, the tax on investment income on endowments, the tax treatment of musical compositions, stock option compensation, carried interest, and the rules on international base erosion.
- Amendment offered by Mr. Blumenauer to the amendment in the nature of a substitute to H.R. 1, which would sunset H.R. 1 in the event the deficit increases.
- Amendment offered by Mr. Pascrell to the amendment in the nature of a substitute to H.R. 1, which would strike the changes to the state and local deduction.
- Amendment offered by Mr. Kind to the amendment in the nature of a substitute to H.R. 1, which would repeal the state and local tax deduction for all business organizations.
- Amendment offered by Mr. Kind to the amendment in the nature of a substitute to H.R. 1, which would restore the Work Opportunity Tax Credit.
- Amendment offered by Ms. Sanchez to the amendment in the nature of a substitute to H.R. 1, which would expand the Child Tax Credit and make permanent the $300 “family flexibility” credit.
- Amendment offered by Mr. Davis to the amendment in the nature of a substitute to H.R. 1, which would reinstate the Adoption Tax Credit, the exclusion for employer-related dependent care, and the exclusion for employer-related adoption assistance and expand the Child and Dependent Care Tax Credit.
- Amendment offered by Mr. Doggett to the amendment in the nature of a substitute to H.R. 1, which would include in gross income the net controlled foreign corporation income of United States shareholders in controlled foreign corporations.
- Amendment offered by Ms. Sewell to the amendment in the nature of a substitute to H.R. 1, which would provide a tax credit to qualified apprenticeship programs.
- Amendment offered by Mr. Larson to the amendment in the nature of a substitute to H.R. 1, which would strike section 1308 and raise the corporate rate.
- Amendment offered by Mr. Lewis to the amendment in the nature of a substitute to H.R. 1, which would strike section 5201.
- Amendment offered by Mr. Doggett to the amendment in the nature of a substitute to H.R. 1, which would restore the above-and-line deductions for interest payments on qualified education loans and tuition and related expenses, the exclusions for interest on United States savings bonds used to pay for tuition, qualified tuition reductions, and employer-provided education assistance, and reinstate the above-the-line-deduction for out-of-pocket teacher expenses, and expand the American Opportunity Credit.
- Amendment offered by Mr. Thompson to the amendment in the nature of a substitute to H.R. 1, which would retroactively extend and make permanent the exclusion from income on mortgage debt forgiveness, and repeal the limitations on the exclusion from capital gain on the sale of a taxpayer’s principal residence, with an offset.
- Amendment offered by Ms. Chu to the amendment in the nature of a substitute to H.R. 1, which would expand the Earned Income Tax Credit, and provide for an offset.
- Amendment offered by Ms. DelBene to the amendment in the nature of a substitute to H.R. 1, which would strike section 3601, and expand low income housing tax credits.
- The vote on Mr. Nunes’ motion to table Mr. Pascrell’s appeal of the ruling of the Chair was agreed to by a roll call vote of 23 yeas to 16 nays (with a quorum being present).
- Amendment offered by Ms. Sewell to the amendment in the nature of a substitute to H.R. 1, which would strike Sec 3602.
- Amendment offered by Mr. Crowley to the amendment in the nature of a substitute to H.R. 1, which would restore the expired credit in section 36, and add a new credit for renters purchasing their first home, and provide a credit for taxpayers who rent their homes and for whom their rent exceeds 30 percent of their income.
- Amendment offered by Mr. Pascrell to the amendment in the nature of a substitute to H.R. 1, which would add a new title relating to disaster tax relief.
- Amendment offered by Ms. DelBene to the amendment in the nature of a substitute to H.R. 1, which would prevent the High Cost Plan Excise Tax from going into effect as scheduled.
- The vote on Mr. Reichert’s motion to table Mr. Higgins’ appeal of the ruling of the Chair was agreed to by a roll call vote of 22 yeas to 16 nays (with a quorum being present).
- Amendment offered by Mr. Doggett to the amendment in the nature of a substitute to H.R. 1, which would strike the repeal of the Alternative Minimum Tax.
- Amendment offered by Mr. Levin to the amendment in the nature of a substitute to H.R. 1, which would provide a different method of taxing carried interest compensation as ordinary income.
- Amendment offered by Mr. Lewis to the amendment in the nature of a substitute to H.R. 1, which would delay the effective date of all revenue-reducing provisions until the United States withdraws from current wars in Afghanistan, Iraq, and Syria, and the deficit is zero.
- Amendment offered by Mr. Blumenauer to the amendment in the nature of a substitute to H.R. 1, which would maintain the wind energy production tax credit as under current law.
- Amendment offered by Ms. Chu to the amendment in the nature of a substitute to H.R. 1, which would strike Subtitle G of Title I related to Estate, Gift, and Generation-skipping Transfer Taxes.
- Amendment offered by Mr. Kind to the amendment in the nature of a substitute to H.R. 1, which would create a tax deduction for domestic production in excess of current Section 199.
- Amendment offered by Mr. Pascrell to the amendment in the nature of a substitute to H.R. 1, which would require the disclosure to the Ways and Means Committee of the income tax returns of the President.
- Amendment offered by Mr. Brady to the amendment in the nature of a substitute to H.R. 1, which would make improvements to the amendment in the nature of the substitute relating to the maximum rate on business income of individuals, preserve the adoption tax credit, improve the program integrity of the Child Tax Credit, improve the consolidation of education savings rules, preserve the above-the-line deduction for moving expenses of a member of the Armed Forces on active duty, preserve the current law effective tax rates on C corporation dividends subject to the dividends received deduction, improve the bill’s interest expense rules with respect to accrued interest on floor plan financing indebtedness, modify the treatment of S corporation conversions into C corporations, modify the tax treatment of research and experimentation expenditures, modify the treatment of expenses in contingent fee cases, modify the transition rules on the treatment of deferred foreign income, improve the excise tax on investment income of private colleges and universities, and modify rules with respect to political statements made by certain tax-exempt entities.
- H.R. 1 was ordered favorably reported to the House of Representatives as amended by a roll call vote of 24 yeas to 16 nays (with a quorum being present).