Bloomberg Tax
July 24, 2019, 3:59 PMUpdated: July 24, 2019, 7:09 PM

Proponents of Renewing Tax Extenders Hope to Catch ‘Last Train’ (1)

Colin Wilhelm
Colin Wilhelm
Reporter
Kaustuv Basu
Kaustuv Basu
Reporter

Hope still lives for lobbyists and lawmakers seeking to help industry-specific tax breaks and technical corrections catch a ride into law, but proponents of those perks know their window is rapidly closing.

The spending and debt deal (H.R. 3877) that the House is set to vote on July 25 doesn’t revive expired tax breaks, such as tax credits for electric vehicle purchases and biodiesel, as proponents for those benefits had hoped. But a funding companion to the deal, needed to continue government operations beyond the end of the fiscal year on Sept. 30, may be the last ...

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