Legislation: H.R. 8 - American Taxpayer Relief Act of 2012

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Here is the text of H.R. 8 - American Taxpayer Relief Act of 2012. In addition to the portion of text from HR 8 there is a link to download a FREE PDF copy of the Bill (Engrossed Amendment) by the Senate.


In the Senate of the United States, 
January 1 (legislative day, December 30, 2012), 2013. 
Resolved,  That the bill from the House of Representatives (H.R. 8) entitled ‘‘An Act to extend certain tax relief provisions enacted in 2001 and 2003, and to provide for expedited consideration of a bill providing for comprehensive tax reform, and for other purposes.’’, do pass with the following 
AMENDMENTS: 
Strike all after the enacting clause and insert the following: 
1 SECTION 1. SHORT TITLE, ETC. 
2 (a) SHORT TITLE.—This Act may be cited as the 
3 ‘‘American Taxpayer Relief Act of 2012’’. 
4 (b) AMENDMENT OF 1986 CODE.—Except as otherwise 
5 expressly provided, whenever in this Act an amendment or 
6 repeal is expressed in terms of an amendment to, or repeal 
7 of, a section or other provision, the reference shall be consid-
8 ered to be made to a section or other provision of the Inter-
9 nal Revenue Code of 1986. 
1 (c) TABLE OF CONTENTS.—The table of contents for 
2 this Act is as follows: 
Sec. 1. Short title, etc. 
TITLE I—GENERAL EXTENSIONS 
Sec. 101. Permanent extension and modification of 2001 tax relief.  Sec. 102. Permanent extension and modification of 2003 tax relief.  Sec. 103. Extension of 2009 tax relief.  Sec. 104. Permanent alternative minimum tax relief. 
TITLE II—INDIVIDUAL TAX EXTENDERS 
Sec. 201. Extension of deduction for certain expenses of elementary and secondary  school teachers.  Sec. 202. Extension of exclusion from gross income of discharge of qualified principal residence indebtedness.  Sec. 203. Extension of parity for exclusion from income for employer-provided  mass transit and parking benefits.  Sec. 204. Extension of mortgage insurance premiums treated as qualified residence interest.  Sec. 205. Extension of deduction of State and local general sales taxes.  Sec. 206. Extension of special rule for contributions of capital gain real property  made for conservation purposes.  Sec. 207. Extension of above-the-line deduction for qualified tuition and related  expenses.  Sec. 208. Extension of tax-free distributions from individual retirement plans for  charitable purposes.  Sec. 209. Improve and make permanent the provision authorizing the Internal  Revenue Service to disclose certain return and return information to certain prison officials. 
TITLE III—BUSINESS TAX EXTENDERS 
Sec. 301. Extension and modification of research credit.  Sec. 302. Extension of temporary minimum low-income tax credit rate for non-federally subsidized new buildings.  Sec. 303. Extension of housing allowance exclusion for determining area median gross income for qualified residential rental project exempt facility bonds.  Sec. 304. Extension of Indian employment tax credit.  Sec. 305. Extension of new markets tax credit.  Sec. 306. Extension of railroad track maintenance credit.  Sec. 307. Extension of mine rescue team training credit.  Sec. 308. Extension of employer wage credit for employees who are active duty members of the uniformed services.  Sec. 309. Extension of work opportunity tax credit.  Sec. 310. Extension of qualified zone academy bonds.  Sec. 311. Extension of 15-year straight-line cost recovery for qualified leasehold improvements, qualified restaurant buildings and improvements, and qualified retail improvements.  Sec. 312. Extension of 7-year recovery period for motorsports entertainment complexes.  Sec. 313. Extension of accelerated depreciation for business property on an Indian reservation.  Sec. 314. Extension of enhanced charitable deduction for contributions of food inventory.  Sec. 315. Extension of increased expensing limitations and treatment of certain real property as section 179 property.  Sec. 316. Extension of election to expense mine safety equipment.  Sec. 317. Extension of special expensing rules for certain film and television productions.  Sec. 318. Extension of deduction allowable with respect to income attributable to domestic production activities in Puerto Rico.  Sec. 319. Extension of modification of tax treatment of certain payments to controlling exempt organizations.  Sec. 320. Extension of treatment of certain dividends of regulated investment companies.  Sec. 321. Extension of RIC qualified investment entity treatment under FIRPTA.  Sec. 322. Extension of subpart F exception for active financing income.  Sec. 323. Extension of look-thru treatment of payments between related controlled foreign corporations under foreign personal holding company rules.  Sec. 324. Extension of temporary exclusion of 100 percent of gain on certain small business stock.  Sec. 325. Extension of basis adjustment to stock of S corporations making charitable contributions of property.  Sec. 326. Extension of reduction in S-corporation recognition period for built-in gains tax.  Sec. 327. Extension of empowerment zone tax incentives.  Sec. 328. Extension of tax-exempt financing for New York Liberty Zone.  Sec. 329. Extension of temporary increase in limit on cover over of rum excise taxes to Puerto Rico and the Virgin Islands.  Sec. 330. Modification and extension of American Samoa economic development credit.  Sec. 331. Extension and modification of bonus depreciation. 
TITLE IV—ENERGY TAX EXTENDERS 
Sec. 401. Extension of credit for energy-efficient existing homes.  Sec. 402. Extension of credit for alternative fuel vehicle refueling property.  Sec. 403. Extension of credit for 2- or 3-wheeled plug-in electric vehicles.  Sec. 404. Extension and modification of cellulosic biofuel producer credit.  Sec. 405. Extension of incentives for biodiesel and renewable diesel.  Sec. 406. Extension of production credit for Indian coal facilities placed in service before 2009.  Sec. 407. Extension and modification of credits with respect to facilities producing energy from certain renewable resources.  Sec. 408. Extension of credit for energy-efficient new homes.  Sec. 409. Extension of credit for energy-efficient appliances.  Sec. 410. Extension and modification of special allowance for cellulosic biofuel plant property.  Sec. 411. Extension of special rule for sales or dispositions to implement FERC  or State electric restructuring policy for qualified electric utilities.  Sec. 412. Extension of alternative fuels excise tax credits.
TITLE V—UNEMPLOYMENT 
Sec. 501. Extension of emergency unemployment compensation program.  Sec. 502. Temporary extension of extended benefit provisions.  Sec. 503. Extension of funding for reemployment services and reemployment and  eligibility assessment activities.  Sec. 504. Additional extended unemployment benefits under the Railroad Unemployment Insurance Act. 
TITLE VI—MEDICARE AND OTHER HEALTH EXTENSIONS 
Subtitle A—Medicare Extensions 
Sec. 601. Medicare physician payment update.  Sec. 602. Work geographic adjustment.  Sec. 603. Payment for outpatient therapy services.  Sec. 604. Ambulance add-on payments.  Sec. 605. Extension of Medicare inpatient hospital payment adjustment for low-volume hospitals.  Sec. 606. Extension of the Medicare-dependent hospital (MDH) program.  Sec. 607. Extension for specialized Medicare Advantage plans for special needs individuals.  Sec. 608. Extension of Medicare reasonable cost contracts.  Sec. 609. Performance improvement.  Sec. 610. Extension of funding outreach and assistance for low-income programs.   Subtitle B—Other Health Extensions 
Sec. 621. Extension of the qualifying individual (QI) program.  Sec. 622. Extension of Transitional Medical Assistance (TMA).  Sec. 623. Extension of Medicaid and CHIP Express Lane option.  Sec. 624. Extension of family-to-family health information centers.  Sec. 625. Extension of Special Diabetes Program for Type I diabetes and for Indians.  Subtitle C—Other Health Provisions  Sec. 631. IPPS documentation and coding adjustment for implementation of MS-DRGs.  Sec. 632. Revisions to the Medicare ESRD bundled payment system to reflect findings in the GAO report.  Sec. 633. Treatment of multiple service payment policies for therapy services.  Sec. 634. Payment for certain radiology services furnished under the Medicare hospital outpatient department prospective payment system.  Sec. 635. Adjustment of equipment utilization rate for advanced imaging services.  Sec. 636. Medicare payment of competitive prices for diabetic supplies and elimination of overpayment for diabetic supplies.  Sec. 637. Medicare payment adjustment for non-emergency ambulance transport for ESRD beneficiaries.  Sec. 638. Removing obstacles to collection of overpayments.  Sec. 639. Medicare advantage coding intensity adjustment.  Sec. 640. Elimination of all funding for the Medicare Improvement Fund.  Sec. 641. Rebasing of State DSH allotments.  Sec. 642. Repeal of CLASS program.  Sec. 643. Commission on Long-Term Care.  Sec. 644. Consumer Operated and Oriented Plan program contingency fund. 
TITLE VII—EXTENSION OF AGRICULTURAL PROGRAMS 
Sec. 701. 1-year extension of agricultural programs.  Sec. 702. Supplemental agricultural disaster assistance. 
TITLE VIII—MISCELLANEOUS PROVISIONS 
Sec. 801. Strategic delivery systems.  Sec. 802. No cost of living adjustment in pay of members of congress. 
TITLE IX—BUDGET PROVISIONS 
Subtitle A—Modifications of Sequestration  Sec. 901. Treatment of sequester.  Sec. 902. Amounts in applicable retirement plans may be transferred to designated Roth accounts without distribution. 
Subtitle B—Budgetary Effects 
Sec. 911. Budgetary effects. 
1 TITLE I—GENERAL EXTENSIONS 
2 SEC. 101. PERMANENT EXTENSION AND MODIFICATION OF 
3 2001 TAX RELIEF.  4 (a) PERMANENT EXTENSION.—  5 (1) IN GENERAL.—The Economic Growth and  6 Tax Relief Reconciliation Act of 2001 is amended by  7 striking title IX. 
8 (2) CONFORMING AMENDMENT.—The Tax Relief,  9 Unemployment Insurance Reauthorization, and Job  10 Creation Act of 2010 is amended by striking section  11 304. 
12 (3) EFFECTIVE DATE.—The amendments made  13 by this subsection shall apply to taxable, plan, or lim- 14 itation years beginning after December 31, 2012, and  15 estates of decedents dying, gifts made, or generation  16 skipping transfers after December 31, 2012. 
To Read the FULL 154 page document  Click here and download a Free PDF Copy of H R 8 as passed the Senate






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