H.R. 4388, The Tax Revision Act of 2005

• This item is from the 109th Congress (2005-2006) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

H.R. 4388 would: Include combat pay in earned income for purposes of the earned income credit at taxpayers' election (sunseting on 12/31/06); Increase the limit on cover over of rum excise tax revenues (from $10.50 to $13.25 per proof gallon) to Puerto Rico and the Virgin Islands
(sunsetting on 12/31/06); Provide authority for undercover operations (sunsetting on 12/31/06); Change disclosure rules as to certain tax return information; and Allow deductions with respect to income attributable to domestic production activities in Puerto Rico.