Complete List Of 55 Tax Breaks Expiring On December 31

1. Credit for certain nonbusiness energy

property (sec. 25C(g))

12/31/13

2. Alternative fuel vehicle refueling property

(non-hydrogen refueling property)

(sec. 30C(g)(2))

12/31/13

3. Credit for two- or three-wheeled plug-in

electric vehicles (sec. 30D(g))

12/31/13

4. Credit for health insurance costs of eligible

individuals (sec. 35(a))

12/31/13

5. Second generation biofuel producer credit

(formerly cellulosic biofuel producer

credit) (sec. 40(b)(6)(H))

12/31/13

6. 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)

b. Income tax credits for renewable diesel

fuel and renewable diesel used to

produce a qualified mixture (sec. 40A)

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))

7. Tax credit for research and experimentation

expenses (sec. 41(h)(1)(B))

12/31/13

8. Determination of low-income housing

credit rate for credit allocations with

respect to nonfederally subsidized

buildings (sec. 42(b)(2))

12/31/13

9. Beginning-of-construction date for

renewable power facilities eligible to claim

the electricity production credit or

investment credit in lieu of the production

credit (secs. 45(d) and 48(a)(5))

12/31/13

10. Credit for production of Indian coal

(sec. 45(e)(10)(A)(i))

12/31/13

11. Indian employment tax credit (sec. 45A(f)) 12/31/13

12. New markets tax credit (sec. 45D(f)(1)) 12/31/13

13. Credit for certain expenditures for

maintaining railroad tracks (sec. 45G(f))

12/31/13

14. Credit for construction of new energy

efficient homes (sec. 45L(g))

12/31/13

15. Credit for energy efficient appliances

(sec. 45M(b))

12/31/13

16. Mine rescue team training credit (sec. 45N) 12/31/13

17. Employer wage credit for activated military

reservists (sec. 45P) 12/31/13

18. Work opportunity tax credit (sec. 51(c)(4)) 12/31/13

19. Qualified zone academy bonds: allocation

of bond limitation (sec. 54E(c)(1)) 12/31/13

20. Deduction for certain expenses of

elementary and secondary school teachers

(sec. 62(a)(2)(D))

12/31/13

21. Discharge of indebtedness on principal

residence excluded from gross income of

individuals (sec. 108(a)(1)(E))

12/31/13

22. Parity for exclusion from income for

employer-provided mass transit and

parking benefits (sec. 132(f))

12/31/13

23. Treatment of military basic housing

allowances under low-income housing

credit (sec. 142(d))

12/31/13

24. Premiums for mortgage insurance

deductible as interest that is qualified

residence interest (sec. 163(h)(3))

12/31/13

25. Deduction for State and local general sales

taxes (sec. 164(b)(5))

12/31/13

26. Three-year depreciation for race horses two

years old or younger (sec. 168(e)(3)(A))

12/31/13

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))

12/31/13

28. Seven-year recovery period for motorsports

entertainment complexes (secs. 168(i)(15)

and 168(e)(3)(C)(ii))

12/31/13

29. Accelerated depreciation for business

property on an Indian reservation

(sec. 168(j)(8))

12/31/13

30. Additional first-year depreciation for 50

percent of basis of qualified property

(secs. 168(k)(1) and (2) and 460(c)(6)(B))

12/31/13

31. Election to accelerate AMT credits in lieu

of additional first-year depreciation

(sec. 168(k)(4))

12/31/13

32. Special depreciation allowance for second

generation biofuel plant property

(sec. 168(l))

12/31/13

33. Special rules for contributions of capital

gain real property made for conservation

purposes (secs. 170(b)(1)(E) and

170(b)(2)(B))

12/31/13

34. Enhanced charitable deduction for

contributions of food inventory

(sec. 170(e)(3)(C))

12/31/13

35. Increase in expensing to

$500,000/$2,000,000 and expansion of

definition of section 179 property

(secs. 179(b)(1) and (2) and 179(f))

12/31/13

36. Placed-in-service date for partial expensing

of certain refinery property

(sec. 179C(c)(1))

12/31/13

37. Energy efficient commercial buildings

deduction (sec. 179D(h))

12/31/13

38. Election to expense advanced mine safety

equipment (sec. 179E(a))

12/31/13

39. Special expensing rules for certain film and

television productions (sec. 181(f))

12/31/13

40. Deduction allowable with respect to

income attributable to domestic production

activities in Puerto Rico (sec. 199(d)(8))

41. Deduction for qualified tuition and related

expenses (sec. 222(e))

12/31/13

42. Tax-free distributions from individual

retirement plans for charitable purposes

(sec. 408(d)(8))

12/31/13

43. Special rule for sales or dispositions to

implement Federal Energy Regulatory

Commission (“FERC”) or State electric

restructuring policy (sec. 451(i))

12/31/13

44. Modification of tax treatment of certain

payments to controlling exempt

organizations (sec. 512(b)(13)(E))

12/31/13

45. Treatment of certain dividends of regulated

investment companies (“RICs”)

(secs. 871(k)(1)(C) and (2)(C), and

881(e)(1)(A) and (2))

12/31/13

46. RIC qualified investment entity treatment

under the Foreign Investment in Real

Property Tax Act (“FIRPTA”)

(sec. 897(h)(4))

12/31/13

47. Exceptions under subpart F for active

financing income (secs. 953(e)(10) and

954(h)(9))

12/31/13

48. Look-through treatment of payments

between related controlled foreign

corporations under the foreign personal

holding company rules (sec. 954(c)(6))

12/31/13

49. Special rules for qualified small business

stock (sec. 1202(a)(4))

12/31/13

50. Basis adjustment to stock of S corporations

making charitable contributions of property

(sec. 1367(a)(2))

12/31/13

51. Reduction in S corporation recognition

period for built-in gains tax

(sec. 1374(d)(7))

12/31/13

52. 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 through

12/31/18) 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))

53. Incentives for alternative fuel and

alternative fuel mixtures (other than

liquefied hydrogen):8

a. Excise tax credits and outlay payments

for alternative fuel (secs. 6426(d)(5)

and 6427(e)(6)(C))

b. Excise tax credits for alternative fuel

mixtures (sec. 6426(e)(3))

54. 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))

12/31/13

55. American Samoa economic development

credit (sec. 119 of Pub. L. No. 109-432 as

amended by sec. 756 of Pub. L. No. 111-

312)

12/31/13