Signed by President Donald Trump

Vote Smart's Synopsis:

Vote to concur with Senate amendments to a bill that appropriates funds for various federal agencies and programs.

Highlights:

• Authorizes continued funding for the government at current, prorated levels through March 23, 2018 (Sec. 20101).

• Authorizes an extension of the Children’s Health Insurance Program (CHIP) through fiscal year 2027 (Sec. 50101).

• Authorizes, for the 2017 tax year, an exemption from the 1.4% excise tax on investment income of private colleges and universities (Sec. 41109).

• Repeals the 8% increase in the required installment of corporate estimated tax due in July, August, or September of 2020 (Sec. 41118).

• Specifies that the tax credit for employers of enrolled members of Indian tribes, or their spouses, who work and live on an Indian reservation, will no longer be effective for the 2018 tax year (Sec. 40301).

• Repeals a law that allows taxpayers to treat costs of qualified film, theatrical, or television productions as deductible expenses beginning in taxable year 2018 (Sec. 40308).

• Appropriates $3.8 billion for fiscal year 2018 and $4 billion for fiscal year 2019 for Community Health Centers (Sec. 50901).

• Authorizes an extension of the empowerment zone tax incentives for the 2017 tax return (Sec. 40311).

• Specifies that individuals whose mortgage debt was canceled or dismissed will not have to include that amount as income on their 2017 tax return (Sec. 40201).

• Authorizes an extension of the above-the-line deduction for qualified tuition and related expenses incurred through December 31, 2017 (Sec. 40203).

• Repeals the Independent Payment Advisory Board (IPAB) established by the Affordable Care Act (Sec. 52001).

• Specifies that Form 1040SR for seniors will be extended through 2017 (Sec. 41106).

• Authorizes a total of $4.9 billion to increase Medicaid caps for Puerto Rico and the U.S. Virgin Islands for 2 years (Sec. 20301).

• Decreases annual funding available for the Medicare Improvement Fund and the Medicaid Improvement Fund (Secs. 53105 & 53115).

• Repeals the Medicare payment cap for therapy services so long as the expenses that exceed the cap are documented as medically necessary in a patient’s medical records (Sec. 50202).

• Amends the Social Security Act to extend adoption and legal guardianship incentive programs through 2021 (Sec. 50761).

• Authorizes states to use some of their federal funds designated for foster care services on activities related to preventing the need for children to enter foster care (Sec. 2052).

• Specifies that qualified charitable contributions for disaster relief efforts made in cash between October 8, 2017 and December 31, 2018 are exempt from the limitation on itemized deductions as required by the recent federal tax bill (Sec. 20104).

• Specifies that $1.7 billion will remain available until expended for the Small Business Administration to issue disaster loans and aid recovery in areas affected by 2017 natural disasters (Sec. 20402).

• Appropriates $2.7 billion to restart operations at elementary and secondary schools affected by a recent disaster and assist schools serving displaced students (Sec. 20803).

• Authorizes an extension of the tax credit for residential solar electric property and solar water heating property until 2021 (Sec. 40402).

• Authorizes an extension of the 10% credit for plug-in electric vehicles acquired after December 31, 2016, effective only for taxable year 2017 (Sec. 40405).

• Specifies that the tax credit for biodiesel and renewable diesel will remain effective for the 2017 tax year but will no longer be available in the 2018 tax year (Sec. 40407).

• Exempts most of these budgetary effects from Pay-As-You-Go (PAYGO) rules and certain budget scorekeeping guidelines (Sec. 70101).

Full Bill Text

Vote Smart's Synopsis:

Vote to concur with House amendments and further amend a bill that appropriates funds for various federal agencies and programs.

Highlights:

• Authorizes continued funding for the government at current, prorated levels through March 23, 2018 (Sec. 20101).

• Authorizes an extension of the Children’s Health Insurance Program (CHIP) through fiscal year 2027 (Sec. 50101).

• Authorizes, for the 2017 tax year, an exemption from the 1.4% excise tax on investment income of private colleges and universities (Sec. 41109).

• Repeals the 8% increase in the required installment of corporate estimated tax due in July, August, or September of 2020 (Sec. 41118).

• Specifies that the tax credit for employers of enrolled members of Indian tribes, or their spouses, who work and live on an Indian reservation, will no longer be effective for the 2018 tax year (Sec. 40301).

• Repeals a law that allows taxpayers to treat costs of qualified film, theatrical, or television productions as deductible expenses beginning in taxable year 2018 (Sec. 40308).

• Appropriates $3.8 billion for fiscal year 2018 and $4 billion for fiscal year 2019 for Community Health Centers (Sec. 50901).

• Authorizes an extension of the empowerment zone tax incentives for the 2017 tax return (Sec. 40311).

• Specifies that individuals whose mortgage debt was canceled or dismissed will not have to include that amount as income on their 2017 tax return (Sec. 40201).

• Authorizes an extension of the above-the-line deduction for qualified tuition and related expenses incurred through December 31, 2017 (Sec. 40203).

• Repeals the Independent Payment Advisory Board (IPAB) established by the Affordable Care Act (Sec. 52001).

• Specifies that Form 1040SR for seniors will be extended through 2017 (Sec. 41106).

• Authorizes a total of $4.9 billion to increase Medicaid caps for Puerto Rico and the U.S. Virgin Islands for 2 years (Sec. 20301).

• Decreases annual funding available for the Medicare Improvement Fund and the Medicaid Improvement Fund (Secs. 53105 & 53115).

• Repeals the Medicare payment cap for therapy services so long as the expenses that exceed the cap are documented as medically necessary in a patient’s medical records (Sec. 50202).

• Amends the Social Security Act to extend adoption and legal guardianship incentive programs through 2021 (Sec. 50761).

• Authorizes states to use some of their federal funds designated for foster care services on activities related to preventing the need for children to enter foster care (Sec. 2052).

• Specifies that qualified charitable contributions for disaster relief efforts made in cash between October 8, 2017 and December 31, 2018 are exempt from the limitation on itemized deductions as required by the recent federal tax bill (Sec. 20104).

• Specifies that $1.7 billion will remain available until expended for the Small Business Administration to issue disaster loans and aid recovery in areas affected by 2017 natural disasters (Sec. 20402).

• Appropriates $2.7 billion to restart operations at elementary and secondary schools affected by a recent disaster and assist schools serving displaced students (Sec. 20803).

• Authorizes an extension of the tax credit for residential solar electric property and solar water heating property until 2021 (Sec. 40402).

• Authorizes an extension of the 10% credit for plug-in electric vehicles acquired after December 31, 2016, effective only for taxable year 2017 (Sec. 40405).

• Specifies that the tax credit for biodiesel and renewable diesel will remain effective for the 2017 tax year but will no longer be available in the 2018 tax year (Sec. 40407).

• Exempts most of these budgetary effects from Pay-As-You-Go (PAYGO) rules and certain budget scorekeeping guidelines (Sec. 70101).

Full Bill Text

Full Bill Text

Full Bill Text

Full Bill Text

Full Bill Text