Senate Two-Year Extenders Bill Resembles Past Efforts

For over 50 years, Bloomberg BNA’s renowned flagship daily news service, Daily Tax Report® has helped leading practitioners and policymakers stay on the cutting edge of taxation and...

The Senate has devised a plan to renew 52 tax breaks known collectively as extenders, pushing the expiration date for the popular provisions to the end of 2016.


In preparation for a July 21 markup of an extenders bill, the Finance Committee released details on which tax breaks are in and which are out. The measure would retroactively extend almost all of the current breaks for two years at a cost of $95.6 billion over a decade, according to a Joint Committee on Taxation report (JCX-101-15) released along with revenue details (JCX-102-15).


The tax breaks last ran out at the end of 2014.