Congressman Pat Tiberi (R-OH), Chairman of the Subcommittee on Select Revenue Measures, today announced that the Subcommittee will hold a hearing on Member proposals related to certain tax provisions that either expired in 2011 or will expire in 2012 (also known as “tax extenders”). The hearing will take place on Thursday, April 26, 2012, in Room 1100 of the Longworth House Office Building at 10:00 A.M.
Oral testimony at this hearing will be limited to Members of the House of Representatives who, as of April 25, 2012, have either introduced or co-sponsored legislation related to tax extenders during the 112th Congress. However, any individual or organization not scheduled for an oral appearance may submit a written statement for consideration by the Committee and for inclusion in the printed record of the hearing.
For purposes of this hearing, a “tax extender” is any tax provision:
1. Extended in title VII of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (Public Law No. 111-312; “TRUIRJCA”), or
2. Expiring between the end of calendar year 2011 and the end of calendar year 2012, other than any provision:
-Addressed in titles I through VI of TRUIRJCA, or
-Related to a transportation trust fund.
For purposes of oral testimony, “legislation related to tax extenders” means any measure introduced in the House that relates to the extension, modification, or termination of a tax extender.
As part of TRUIRJCA – enacted into law on December 17, 2010 – Congress extended various expired and expiring tax provisions through December 31, 2011. Most of these provisions had expired on December 31, 2009, and were among those temporary provisions that have typically been extended numerous times over recent years as part of the annual package of “traditional tax extenders.” Those items include an array of tax provisions benefiting both individuals and businesses. In a few cases, TRUIRJCA modified some of these provisions, generally returning them to the form in which they existed prior to the American Recovery and Reinvestment Act of 2009 (Public Law No. 111-5).
In addition, a number of provisions that were not addressed in TRUIRJCA either expired at the end of 2011 or expire during 2012. Some, like those related to transportation trust funds, typically are not viewed as tax extenders. Others, however, have been extended in past tax extenders legislation.
In announcing the hearing, Chairman Tiberi said, “As Chairman Camp and I stated last month, the Ways and Means Committee is engaged in a process to review dozens of tax provisions that either expired last year or expire this year. This hearing provides a formal opportunity for the Subcommittee to hear from our House colleagues about the merits of extending – or not extending – many of these tax policies.”
FOCUS OF THE HEARING:
The hearing provides Members of Congress the opportunity to speak on behalf of specific tax proposals they have introduced or cosponsored in the 112th Congress related to the extension, modification, or termination of one or more tax extenders. The hearing will evaluate how these proposals would measure against key metrics such as cost, effectiveness, and job creation.
DETAILS FOR SUBMISSION OF WRITTEN COMMENTS:
Please Note: Any person(s) and/or organization(s) wishing to submit written comments for the hearing record must follow the appropriate link on the hearing page of the Committee website and complete the informational forms. From the Committee homepage, https://waysandmeans.house.gov, select “Hearings.” Select the hearing for which you would like to submit, and click on the link entitled, “Click here to provide a submission for the record.” Once you have followed the online instructions, submit all requested information. ATTACH your submission as a Word document, in compliance with the formatting requirements listed below, by the close of business on Thursday, May 10, 2012. Finally, please note that due to the change in House mail policy, the U.S. Capitol Police will refuse sealed-package deliveries to all House Office Buildings. For questions, or if you encounter technical problems, please call (202) 225-3625 or (202) 225-2610.
The Committee relies on electronic submissions for printing the official hearing record. As always, submissions will be included in the record according to the discretion of the Committee. The Committee will not alter the content of your submission, but we reserve the right to format it according to our guidelines. Any submission provided to the Committee by a witness, any supplementary materials submitted for the printed record, and any written comments in response to a request for written comments must conform to the guidelines listed below. Any submission or supplementary item not in compliance with these guidelines will not be printed, but will be maintained in the Committee files for review and use by the Committee.
1. All submissions and supplementary materials must be provided in Word format and MUST NOT exceed a total of 10 pages, including attachments. Witnesses and submitters are advised that the Committee relies on electronic submissions for printing the official hearing record.
2. Copies of whole documents submitted as exhibit material will not be accepted for printing. Instead, exhibit material should be referenced and quoted or paraphrased. All exhibit material not meeting these specifications will be maintained in the Committee files for review and use by the Committee.
3. All submissions must include a list of all clients, persons and/or organizations on whose behalf the witness appears. A supplemental sheet must accompany each submission listing the name, company, address, telephone, and fax numbers of each witness.
The Committee seeks to make its facilities accessible to persons with disabilities. If you are in need of special accommodations, please call 202-225-1721 or 202-226-3411 TTD/TTY in advance of the event (four business days notice is requested). Questions with regard to special accommodation needs in general (including availability of Committee materials in alternative formats) may be directed to the Committee as noted
Note: All Committee advisories and news releases are available on the World Wide Web at http://www.waysandmeans.house.gov/.