Blue Book: General Explanation of Tax Legislation Enacted in the 109th Congress

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This document provides an explanation of tax legislation enacted in the 109th Congress. The explanation follows the chronological order of the tax legislation signed into law. Part One is an explanation of the provision relating to the acceleration of the income tax benefits for charitable contributions for the releif of victims of the Indian Ocean tsunami. Part Two is an explanation of the provision relating to the extension of the Leaking Underground Storage Tank Trust Fund financing rate. Part Three is an explanation of the provision relating to the tas treatment of certain disaster mitigation payments. Part Four is an explanation of the provisions of the Surface Transportation Extension Act of 2005. Part Five is an explanation of the energy tax poicy incentive provisions of the Energy Policy Act of 2005. Part Six is an explanation of the provisions of the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for All Users. Part Seven is an explanaiton of the provisiond of the Katrina Emergency Tax Relief Act of 2005. Part Eight is an explanation of the provision of the Sportfishing and Recreational Boating Safety Amendments of 2005. Part Nine is an explanation of the provisions of the Gulf Opportunity Zone Act of 2005 relating to the establishment of the Gulf Opportunity Zone, tax benefits related to Hurricanes Rita and Wilma, and other tax provisions, and tax technical corrections. Part Ten is an explanation of the provision relating to the extension of parity in the application of certain limits to mental health benefits. Part Eleven is an explanation of the provisions of the Tax Increase Prevention and Reconciliation Act of 2005 relating to the extension and modification of certain tax provisions, alternative minimum tax relief, corporate tax provisions, and revenue offset provisions. Part Twelve is an explanation of the provision of the heroes earned retirements act relationg to taking into accout combat zone compensation for purposes of determiing the limitations and deductibility of contributions to individual retirement plans. Part Thirteen is an explanation of the provisions of the Pension Protection Act relating to the reform of funding rules for single-employer defined benefit pension plans, Guarantee Corporation, disclosure, investment advice, prohibited transactions, and fiduciary rules, benefit accrual standards, pension related revenue provisions, increase in plan diversification and participation, spousal pension protection, administrative provisions, tax exempt organizations, and other provisions. Part Fourteen is an explanation of the provisions of the Tax Relief and Health Care Act of 2006 rlating to the extension and expansion of certain tax provisions, energy tax provisions, health savings accounts, and other tax provisions. Part Fifteen is an explanation of the provision of the Fallen Firefighters Assistance Tax Clarification Act of 2006 relating to charitable payments made on behalf of firefighters who died as a result of hte October 2006 Experanza Incident fire in Sourthern California The Appendix provides the estimated budget effects of tax legislation enacted in the 109th Congress.

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Pacific Tsunami Warning System: A Half Century of Protecting the Pacific, 1965-2015 is available here: https: //bookstore.gpo.gov/products/sku/003-017-00570-4

Science and the Storms: The USGS Response to the Hurricanes of 2005 is available here: https: //bookstore.gpo.gov/products/sku/024-001-03628-2

Administrative Costs of PRivate Accounts in Social Security can be found here: https: //bookstore.gpo.gov/products/sku/052-070-07423-0

Other products produced by the U.S. Joint Committee on Taxation can be found here: https: //bookstore.gpo.gov/agency/1189


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