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Tax Expenditures
Legislation
2015
Evidence-Based Policymaking Commission Act of 2015 (H.R. 1831)
(Introduced April 16)
Amendment in the Nature of a Substitute to H.R. 1831
(Passed by House Committee on Oversight and Government Reform May 19, 2015)
The Budget and Economic Outlook: 2015 to 2025
Congressional Budget Office, January 2015
2014
Evidence-Based PolicyMaking Commission Act of 2014
Introduced November 20, 2014
2011
H.R. 2495, Tax Equity and Middle Class Fairness Act of 2011
Introduced on July 11, 2011
2010
H.R. 5291, Tax Information for New Fiscal Oversight Act of 2010
Introduced on May 12, 2010
Congressional Hearings
Senate Finance Committee Hearing: Perspectives on Deficit Reduction: A Review of Key Issues
July 26, 2011
Mr. Robert Greenstein, President, Center on Budget and Policy Priorities
Mr. Michael Ettlinger, Vice President for Economic Policy, Center for American Progress
Mr. Chris Edwards, Director, Tax Policy Studies, Cato Institute
Senate Finance Committee Hearing: How Do Complexity, Uncertainty and Other Factors Impact Responses to Tax Incentives?
March 30, 2011
Chairman Max Baucus Hearing Statement Regarding the Effectiveness of Tax Incentives
Sen. Orrin Hatch Hearing Statement Regarding the Effectiveness of Tax Incentives
Dr. Raj Chetty, Professor, Department of Economics, Harvard University, Cambridge
Dr. Robert Carroll, Principal, Quantitative Economics and Statistics, Ernst & Young LLP
Proposals
Gang of Six: A Bipartisan Plan to Reduce Our Nation's Deficits
(July 19, 2011)
Back in Black: A Deficit Reduction Plan
Sen. Tom Coburn, July 18, 2011
Excerpt: Reforming Tax Expenditures & Ending Special Giveaways
(pages 551-620 in the full report)
Rebuttal of Sen. Coburn's Proposal to Eliminate the Low-Income Housing Tax Credit (LIHTC)
Affordable Housing Tax Credit Coaltion (AHTCC) and 562Industry Co-Signers, August 15, 2011
A Comment on Back in Black and Recommendations for the New Markets Tax Credits
New Markets Tax Credit Coalition, July 27, 2011
Letter to Sen. Tom Coburn on Back in Black Report
Natoinal Council of State Housing Agencies, July 29, 2011
20 Reasons to Support LIHTC
The Michaels Organization and The NRP Group
Joint Committee on Taxation Documents
2021
JCX-38-21: Description of Subtitle G - Green Energy: Budget Reconciliation Legislative Recommendations
Sept. 11, 2021
2020
JCX-23-20: Estimates Of Federal Tax Expenditures For Fiscal Years 2020-2024
Nov. 5, 2020
2019
JCX-55-19: Estimates Of Federal Tax Expenditures For Fiscal Years 2019-2023
Dec. 18, 2019
2018
JCX-81-18: Estimates Of Federal Tax Expenditures For Fiscal Years 2018-2022
Oct. 4, 2018
JCX-34-18: Estimates Of Federal Tax Expenditures For Fiscal Years 2017-2021
May 25, 2018
2017
JCX-3-17: Estimates Of Federal Tax Expenditures For Fiscal Years 2016-2020
January 30, 2017
2015
JCX-141R-15: Estimates Of Federal Tax Expenditures For Fiscal Years 2015-2019
December 7, 2015
Background Information on Tax Expenditure Analysis and Historical Survey of Tax Expenditure Estimates
February 10, 2015
2014
JCX-97-14: Estimate of Federal Tax Expenditures for Fiscal Years 2014-2018
August 5, 2014
2013
JCS-1-13: Estimate of Federal Tax Expenditures for Fiscal Years 2012-2017
February 1, 2013
2012
JCS-1-12: Estimates Of Federal Tax Expenditures For Fiscal Years 2011-2015
January 17, 2012
2011
JCX-15-11: Background Information On Tax Expenditure Analysis And Historical Survey Of Tax Expenditure Estimates
February 28, 2011
2010
JCS-3-10: Estimates Of Federal Tax Expenditures For Fiscal Years 2010-2014 (December 21, 2010)
JCS-1-10: Estimates Of Federal Tax Expenditures For Fiscal Years 2009-2013
UPDATED January 13, 2010
2009
JCX-25-09R: Tax Expenditures For Energy Production And Conservation
April 21, 2009
2008
JCS-2-08: Estimates Of Federal Tax Expenditures For Fiscal Years 2008-2012
October 31, 2008
JCX-37-08 A Reconsideration Of Tax Expenditure Analysis
May 12, 2008
Rethinking Tax Expenditures
May 01, 2008
2007
JCS-3-07: Estimates Of Federal Tax Expenditures For Fiscal Years 2007-2011
September 24, 2007
2006
JCS-2-06: Estimates Of Federal Tax Expenditures For Fiscal Years 2006-2010
April 25, 2006
2005
JCS-1-05: Estimates Of Federal Tax Expenditures For Fiscal Years 2005-2009
January 12, 2005
Related Resources
Letters, Reports, Articles and Research
2013 SEQUESTRATION: Selected Federal Agencies' Components Reduced Some Services and Investments, While Taking Short-Term Actions to Mitigate Effects
U.S. Government Accountability Office, May 2014
Partnerships and S Corporations: IRS Needs to Improve Information to Address Tax Noncompliance
Government Accountability Office, May 2014
Information on Estimated Revenue Losses and Related Federal Spending Programs
Government Accountability Office, March 2013
Statistics of Income: 2010 Partnership Returns Line Item Estimates
Internal Revenue Service, October 2012
Limited Information on the Use and Effectiveness of Tax Expenditures Could Be Mitigated through Congressional Attention
Government Accountability Office, March 30, 2012
Sen. Charles Grassley Letter Urging President to Reconsider Definition of Tax Reform
August 11, 2011
Promoting State Budget Accountability Through Tax Expenditure Reporting
Center on Budget and Policy Priorities, May 11, 2011
Budget and Economic Outlook: Fiscal Years 2011 to 2021
Congressional Budget Office, January 26, 2011
The Moment of Truth
National Commission on Fiscal Responsibility and Reform December 1, 2010
Draft CoChairs' Proposal
National Commission on Fiscal Responsibility and Reform, November 10, 2010
$200 Billion in Illustrative Savings
National Commission on Fiscal Responsibility and Reform, November 10, 2010
“Report on Tax Reform Options: Simplification, Compliance and Corporate Taxation”
The President’s Economic Recovery Advisory Board (PERAB), August 27, 2010
Search for Budget Savings Leads to Scrutiny of Tax Expenditures
By Michael J. Novogradac, CPA, Novogradac & Company
Putting Corporate Tax “Loopholes” In Perspective
By Scott A. Hodge, The Tax Foundation, August 3, 2010
Tax Expenditures Belong on the Cutting Block
By Sima J. Gandhi, Center for American Progress, June 17, 2010
Audit the Tax Code: Doing What Works for Tax Expenditures
By Sima J. Gandhi, Center for American Progress, April 2010
Tax Expenditures 101: What They Are and How They Slip Under the Radar
Center for American Progress, April 15, 2010
Federal Debt and the Risk of a Fiscal Crisis
By Congressional Budget Office, July 27, 2010
Table 19-3 from Analytical Perspectives, Budget of the U.S. Government, Fiscal Year 2010
Office of Management and Budget, February 1, 2010
"The 'Tax Expenditure' Solution for Our National Debt"
By Martin Feldstein for the Wall Street Journal (subscription required), July 20, 2010
Large Gap in Tax Subsidies Eases Slightly in Current Budget
By Michael J. Novogradac, CPA, Novogradac & Company, January 2009
Federal Government Provides More Than $15 in Tax Subsidies for Homeownership to Each $1 for Rentals
By Michael J. Novogradac, CPA, Novogradac & Company, June 2006
Federal Government Provides More Than $25 in Subsidies for Homeownership to Each $1 for Rentals
By Michael J. Novogradac, CPA, Novogradac & Company, March 2005
- Tax Credit Tuesday Podcast
- Notes from Novogradac
- Journal of Tax Credits
- Press Releases
- Related Topics
- GAAP Accounting for Tax Credits
- Federal Infrastructure Tax Credit
- Middle-Income Housing Tax Credit
- Neighborhood Homes Tax Credit
- Tax Extenders
- Tax Expenditures
- Tax Credit Accounting
- Tax Credits and the Federal Budget
- Tax Patents
- Volcker Rule
- Economic Substance
- Small Business Jobs Tax Act
- Tax Technical Corrections
- Homeownership Tax Credit
- American Jobs Tax Act
- Financial Crisis Responsibility Fee