2017 Tax Extenders (Passed Feb 9, 2018)
- exclusion from gross income of discharge of qualified principal residence indebtedness;
- mortgage insurance premiums treated as qualified residence interest;
- above the line deduction for qualified tuition and related expenses;
- Indian employment tax credit;
- railroad track maintenance credit;
- mine rescue team training credit;
- classification of certain race horses as three-year property;
- seven-year recovery period for motorsports entertainment complexes;
- accelerated depreciation for business property on an Indian reservation;
- election to expense mine safety equipment;
- special expensing rules for certain productions;
- deduction allowable with respect to income attributable to domestic production activities in Puerto Rico;
- special rule relating to qualified timber gain;
- empowerment zone tax incentives;
- American Samoa economic development credit;
- nonbusiness energy property credit;
- nonresidential energy property credit (extended through 2021 and modified);
- new qualified fuel cell motor vehicles credit;
- credit for alternative fuel vehicle refueling property;
- credit for 2-wheeled plug-in electric vehicles;
- second generation biofuel producer credit;
- biodiesel and renewable diesel incentives;
- production of credit for Indian coal facilities (extended to a 12-year period);
- credits with respect to facilities producing energy from certain renewable resources;
- credit for energy-efficient new homes;
- energy credit (extended through 2021 and modified);
- special allowance for second generation biofuel plant property;
- energy efficient commercial buildings deduction;
- special rule for sales or dispositions to implement FERC or state electric restructuring policy for qualified electric utilities;
- excise tax credits relating to alternative fuels;
- oil spill liability trust fund financing rate;
- temporary increase in limit on cover over rum excise taxes to Puerto Rico and the Virgin Islands;
- waiver of limitations with respect to excluding from gross income amounts received by wrongfully incarcerated individuals (extended through December 18, 2018); and
- carbon dioxide sequestration credit (enhanced, modified and generally extended through 2023).
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