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Dravis, Samantha[dravis.samantha@epa.gov] POLITICO Pro Wed 12/6/2017 12:40:03 AM Senate tax writers teeing up tax extenders bill
By Aaron Lorenzo and Bernie Becker
12/05/2017 07:23 PM EDT
Leading GOP senators expect legislation to extend expired tax provisions to come together in the next couple of weeks.
Energy and agriculture provisions are driving the plan.
"We always wind up doing it, so yeah, I suspect that's something we'll have to do," said Senate Finance Chairman Orrin Hatch (R-Utah). "There hasn't been much talk about it right now, but there's always loose ends that you just have to tie up."
The items, which would revive short-term tax benefits to promote renewable energy sources like biodiesel and solar power, as well as rail lines crucial to farming communities, weren't included in the major tax legislation already advancing in Congress, H.R. .1 (1.15). Nor were they part of the massive package of tax extenders Congress passed in 2015.
Instead, these extra extensions of longstanding policies are moving separately.
They could ride with an end-of-year government funding agreement, according to multiple sources on Capitol Hill, as well as lobbyists.
"I wanted it in the bigger tax bill but there are so many extenders that they just made it too complicated," said Sen. Mike Crapo (R-Idaho). "So the decision was made -- not by me -- to pull the extenders back for a different bill."
Crapo is pushing to continue a tax credit to maintain short-line railroads, which connect farm goods from hard-to-reach locations around the country to main rail arteries that can carry the food anywhere.
Sens. Johnny Isakson (R-Ga.) and Tim Scott (R-S.C.) are advocating to extend a 2020 deadline on tax credits for new nuclear energy projects. Sen. Chuck Grassley (R-Iowa) has worked on biodiesel.
In the House, a separate effort has been afoot to further delay start dates on several health carerelated taxes, like the medical device excise tax and health insurance tax, connected to the Affordable Care Act.
WHAT'S NEXT: Government funding runs out Dec. 8, and talks on longer-term spending plans are ongoing.
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