Thursday, December 16, 2010

HR 4853 PASSES

 OFFICIAL TITLE AS INTRODUCED:
To amend the Internal Revenue Code of 1986 to extend the funding and expenditure authority of the Airport and Airway Trust Fund, to amend title 49, United States Code, to extend authorizations for the airport improvement program, and for other purposes.

SEE THE 647 ROLL CALL ayes 277  noes 148 no vote 8
http://clerk.house.gov/evs/2010/roll647.xml

SEE THE CBO COST Cost estimate for Senate Amendment 4753:
http://www.cbo.gov/ftpdocs/120xx/doc12020/sa4753.pdf


LEGISLATION H.R.4853.EAS2 details:

TITLE I--TEMPORARY EXTENSION OF TAX RELIEF 
    SEC. 101. TEMPORARY EXTENSION OF 2001 TAX RELIEF.

    (a) Temporary Extension-
      (1) IN GENERAL- Section 901 of the Economic Growth and Tax Relief Reconciliation Act of 2001 is amended by striking `December 31, 2010' both places it appears and inserting `December 31, 2012'.
      (2) EFFECTIVE DATE- The amendment made by this subsection shall take effect as if included in the enactment of the Economic Growth and Tax Relief Reconciliation Act of 2001.
    (b) Separate Sunset for Expansion of Adoption Benefits Under the Patient Protection and Affordable Care Act-
      (1) IN GENERAL- Subsection (c) of section 10909 of the Patient Protection and Affordable Care Act is amended to read as follows:
    `(c) Sunset Provision- Each provision of law amended by this section is amended to read as such provision would read if this section had never been enacted. The amendments made by the preceding sentence shall apply to taxable years beginning after December 31, 2011.'.
      (2) CONFORMING AMENDMENT- Subsection (d) of section 10909 of such Act is amended by striking `The amendments' and inserting `Except as provided in subsection (c), the amendments'.
       
    SEC. 102. TEMPORARY EXTENSION OF 2003 TAX RELIEF.

(a) In General- Section 303 of the Jobs and Growth Tax Relief Reconciliation Act of 2003 is amended by striking `December 31, 2010' and inserting `December 31, 2012'.
    (b) Effective Date- The amendment made by this section shall take effect as if included in the enactment of the Jobs and Growth Tax Relief Reconciliation Act of 2003.
    SEC. 103. TEMPORARY EXTENSION OF 2009 TAX RELIEF.
TITLE III--TEMPORARY ESTATE TAX RELIEF (AKA LARGEST LAND GRAB)

TITLE VII--TEMPORARY EXTENSION OF CERTAIN EXPIRING PROVISIONS Subtitle A--Energy (EARMARKS aka vote bribe) 


    See BILL Link:
    http://thomas.loc.gov/cgi-bin/query/D?c111:5:./temp/~c111kdAEda::

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