Legislative update - Ways and Means to begin consideration of “tax extenders” in April 

March 24: Ways and Means Committee Chairman Dave Camp today informed committee members that the committee will begin hearings and mark-ups of “tax extenders” in April 2014.

Senate Finance Finance Committee Chairman Wyden has also indicated an intention to begin consideration of extenders in April 2014.

Ways and Means

Chairman Camp explained that consideration of extenders in intended to “pave the way for tax reform by making incremental progress towards full reform.”

The committee, the chairman said, will go “policy by policy to determine which extenders should be made permanent.”

In his tax reform discussion draft released in February 2014, the chairman addressed the 55 or so now-expired tax extenders, at least in the context of larger tax reform, repealing or allowing some to lapse, while making others permanent.

Read a March 2014 table [PDF 89 KB] prepared by KPMG LLP, providing a list of the tax extenders that expired on December 31, 2013, together with their treatment in the tax reform discussion draft.

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