One feature of the recent budget deal includes tax extenders retroactively to 2017. The deal would reinstate the below 32 provisions for one year, only through 2017, leaving their fate for the current year unknown. This gives Congress an opportunity to evaluate each extender on its own merits to determine whether it should become part of the permanent tax code or whether it should be allowed to expire for good. Hopefully, Congress revisits the issue in 2018, determining which provisions should become permanent and which should expire.
| Provisions | Extended through |
|---|---|
| Renewable Energy Provisions | |
| Extension of credit for nonbusiness energy property. | 2017 |
| Extension and modification of credit for residential energy property. | 2022, subject to rate reductions in later years |
| Extension of credit for new qualified fuel cell motor vehicles. | 2017 |
| Extension of credit for alternative fuel vehicle refueling property. | 2017 |
| Extension of credit for 2-wheeled plug-in electric vehicles. | 2017 |
| Extension of second generation biofuel producer credit. | 2017 |
| Extension of biodiesel and renewable diesel incentives. | 2017 |
| Extension of production credit for Indian coal facilities. | 2017 |
| Extension of credits with respect to facilities producing energy from certain renewable resources. | 2017 |
| Extension of credit for energy-efficient new homes. | 2017 |
| Extension and phaseout of energy credit. | Makes expiration date and phaseout schedule consistent across properties with different sources of energy. Phases out through 2022. |
| Extension of special allowance for second generation biofuel plant property. | 2017 |
| Extension of energy efficient commercial buildings deduction. | 2017 |
| Extension of special rule for sales or dispositions to implement FERC or State electric restructuring policy for qualified electric utilities. | 2017 |
| Extension of excise tax credits relating to alternative fuels. | 2017 |
| Extension of Oil Spill Liability Trust Fund financing rate. | Reinstated on the first day of the first calendar month following enactment of the bill. |
| Modifications of credit for production from advanced nuclear power facilities. | Allows Treasury Secretary to reallocate unused capacity after January 1, 2021. |
| Individual Provisions |
|
| Extension of exclusion from gross income of discharge of qualified principal residence indebtedness. | 2017 |
| Extension of mortgage insurance premiums treated as qualified residence interest. | 2017 |
| Extension of above-the-line deduction for qualified tuition and related expenses. | 2017 |
| Miscellaneous Provisions |
|
| Extension of Indian employment tax credit. | 2017 |
| Extension of railroad track maintenance credit. | 2017 |
| Extension of mine rescue team training credit. | 2017 |
| Extension of classification of certain race horses as 3-year property. | 2017 |
| Extension of 7-year recovery period for motorsports entertainment complexes. | 2017 |
| Extension of accelerated depreciation for business property on an Indian reservation. | 2017 |
| Extension of election to expense mine safety equipment. | 2017 |
| Extension of special expensing rules for certain productions. | 2017 |
| Extension of deduction allowable with respect to income attributable to domestic production activities in Puerto Rico. | 2017 |
| Extension of special rule relating to qualified timber gain. | 2017 |
| Extension of empowerment zone tax incentives. | 2017 |
| Extension of American Samoa economic development credit. | 2017 |
