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Tax Law Changes Included in the Protecting Americans from Tax Hikes (PATH) Act of 2015 (Part of Public Law 114-113)
https://www.irs.gov/uac/newsroom/path-act-tax-related-provisions

Part A - Tax Relief for Families and Individuals (Permanent)

1. Extended child tax credit made permanent (threshold amount set at an unindexed $3,000).
2. Enhanced American opportunity tax credit made permanent.
3. Enhanced earned income tax credit made permanent.
4. Extension and modification of deduction for certain expenses of elementary and secondary school teachers
($250 cap indexed for inflation and professional development expenses included).
5. Parity extended for exclusion from income for employer-provided mass transit and parking benefits.
6. Deduction of state and local general sales taxes extended permanently.
Part B - Incentives for Charitable Gifts (Permanent)

1. Permanent extension and modification of special rule for contributions of capital gain real property made for conservation purposes. Starting in 2016, Alaska Native Corporations may deduct conservation easements up to 100% of taxable income.
2. Tax-free distributions from IRAs for charitable purposes made permanent for individuals at least 70-1/2 years of age.
3. Extension and modification of charitable contributions of food inventory (10% limit increased to 15%).
4. Extension of modified tax treatment of certain payments by a controlled corporation to an exempt organization.s
5. Permanent extension of basis adjustment to stock of S corporations making charitable contributions of property.
Part C - Incentives for Growth, Jobs, Investment, and Innovation (Permanent)

1. Extension and modification of research credit (eligible small businesses may claim the credit against the alternative minimum tax and/or FICA tax liability).
2. Extension and modification of employer wage credit to cover employees who are active duty members of the uniformed services. Credit also allowed to employers of any size.
3. Permanent extension of 15-year recovery period for qualified leasehold improvements, restaurant property, and qualified retail improvements.
4. Extension and modification of increased expensing limits and treatment of certain real property as section 179 property.
5. Extension of treatment of certain dividends of regulated investment companies for foreign investors.
6. Extension of exclusion of 100% of the gain on certain small business stock for non-corporate taxpayers and held for more than 5 years.
7. Extension of reduced 5-year period for assets held by an S corporation following conversion from a C corporation.
8. Extension of subpart F exception for active financing income.
Part D - Real Estate Investment Incentives (Permanent)

1. Permanent extension of temporary minimum 9-oercent low-income housing tax credit rate for non-federally subsidized buildings.
2. Permanent extension of military housing allowance exclusion for determining whether a tenant in certain counties is low-income.
3. Permanent extension of RIC qualified investment entity treatment under FIRPTA (no withholding required under the Foreign Investment in Real Property Tax Act (FIRPTA)).
Part E - Major Extensions through 2019

1. Extension of new markets credit through 2019.
2. Extension of work opportunity tax credit through 2019 and modification beginning in 2016 for hiring qualified long-term unemployed individuals and increasing the credit for those individuals to 40% of the first $6,000 of wages.
3. Extension and modification of bonus depreciation through 2019. Bonus depreciation is 50% for property placed in service during 2015 through 2017, 40% in 2018, and 30% in 2019. Unused AMT credits may be claimed in lieu of bonus depreciation. Certain trees, vines, and plants bearing fruit or nuts are eligible for bonus depreciation when planted or grafted. Qualified improvement property is now eligible for bonus depreciation.
Part F -Tax Relief for Families and Individuals (Extensions through 2016)

1. The exclusion from gross income of discharge of qualified principal residence indebtedness is extended through 2016.
2. The treatment of mortgage insurance premiums as mortgage interest is extended through 2016 (phased out ratably for taxpayers with AGI of $100,000 to $110,000.
3. The above-the-line deduction for qualified tuition and related expenses for higher education is extended through 2016 (capped at $4,000 for an individual whose AGI does not exceed $65,000 and $130,000 if married filing jointly; capped at $2,000 for an individual whose AGI does not exceed $80,000 and $160,000 if married filing jointly).
Part G - Major Incentives for Growth, Jobs, Investment, and Innovation (Extensions through 2016)

1. The Indian employment credit is extended through 2016.
2. The 3-year recovery period for certain race horses is extended to property placed in service through 2016.
3. The 7-year recovery period for motorsport entertainment complexes is extended to property placed in service through 2016.
4. The accelerated depreciation for qualified Indian reservation property is extended to property placed in service through 2016. Taxpayers may also elect out of the accelerated depreciation rules.
5. Special expensing of up to $15 million for qualified film, television, and live theater productions is extended through 2016.
6. The eligibility of domestic gross receipts from Puerto Rico for the domestic production deduction is extended through 2016.
7. The tax benefits for certain businesses and employers operating in empowerment zones is extended and modified through 2016.
8. The American Samoa economic development credit is extended through 2016.
Part H - Major Incentives for Energy Production and Conservation (Extensions through 2016)

1. The credit for nonbusiness energy property is extended through 2016.
2. The credit for installation of non-hydrogen alternative fuel refueling property is extended through 2016.
3. The credit for plug-in electric motorcycles and 2-wheeled vehicles is extended through 2016.
4. The credit for cellulosic biofuels producers is extended through 2016.
5. The credit for biodiesel and biodiesel mixtures, the small agri-biodiesel producer credit, and the credit for diesel fuel created from biomass are extended through 2016.
6. The production credit for Indian coal facilities is extended and modified through 2016.
7. The credit for manufacturers of energy-efficient new homes is extended through 2016.The 50% bonus depreciation for cellulosic biofuel facilities is extended through 2016.
8. The above-the-line deduction for energy efficient improvements to lighting, heating, cooling, ventilation, and hot water systems of commercial buildings is extended through 2016.
9. The 50 cent per gallon alternative fuel tax credit and alternative fuel mixture tax credit is extended through 2016.
10. The credit for purchases of new qualified fuel cell motor vehicles is extended through 2016.
PART I - Program Integrity

1. Under a new law provision, the IRS will hold the refunds each year on EITC and ACTC-related returns until February 15. This allows additional time to help prevent revenue lost due to identity theft and refund fraud related to fabricated wages and withholdings. The IRS will hold the entire refund. Under the new law, the IRS cannot release the part of the refund that is not associated with the EITC and ACTC. Taxpayers should file as they normally do, and tax return preparers should also submit returns as they normally do.
2. Beginning with returns and statements relating to calendar years 2017 and later, Forms W-2, W-3, and returns or statements to report non-employee compensation (such as Form 1099-MISC), the filing due date for these returns and statements is January 31.
3. Individual taxpayer identification numbers (ITINs) are required to be renewed on a staggered schedule between 2017 and 2020 if the ITIN was originally issued before 2013. The ITIN will also expire if an individual fails to file a tax return for 3 consecutive years. The provision is effective for ITIN requests made after December 18, 2015.
4. An individual may not retroactively claim the earned income credit by amending a return (or filing an original return if he or she failed to file) for any prior year in which the individual or qualifying child did not have a valid social security number. This provision applies to returns or amended returns filed after December 18, 2015.
5. An individual may not retroactively claim the child tax credit or American opportunity credit by amending a return (or filing an original return if he or she failed to file) for any prior year in which the individual or student did not have an ITIN. This provision applies to returns or amended returns filed after December 18, 2015.
6. The paid-preparer due diligence requirements with respect to the earned income credit and associated $500 penalty for failures to comply are extended to cover returns claiming the child tax credit or American opportunity tax credit, effective for tax years beginning after 2015.
7. The rules which bar individuals from claiming the earned income credit for 10 years if they are convicted of fraud and for 2 years if they are found to have recklessly or intentionally disregarded the rules are extended to the child tax credit and American opportunity tax credit. In addition, math error authority is added to credits improperly claimed under those provisions. The provision applies to tax years beginning after 2015.
8. The refundable portion of credits is subject to the 20% penalty for erroneous clams. In addition, the exception from the penalty for erroneous refunds and credits that applies to the earned income credit is eliminated. The provision provides reasonable cause relief from the penalty. This provision applies to returns filed after 2015.
9. The penalty for tax preparers who engage in willful or reckless conducted is increased to the greater of $5,000 or 75% of the preparer's income with respect to the return. This provision is effective for returns prepared for tax years ending after December 18, 2015.
10. For tax years beginning after 2015 and expenses paid after 2015 for education furnished in academic period beginning after 2015, a taxpayer claiming the American opportunity tax credit must report the employer identification number (EIN) of the educational institution to which the taxpayer made qualified payments.
PART J - Miscellaneous Provisions

1. Section 529 rules are modified to treat any distribution from a section 529 account as coming only from that account, even if the individual making the distribution operates more than one account. The provision treats a refund of tuition paid with amounts distributed from a 529 account as a qualified expense if recontributed to a 529 account within 60 days. The provision applies to distributions or refunds made after 2014, or for refunds after 2014 and before December 18, 2015, for refunds re-contributed not later than 60 days after December 18, 2015.
2. Individuals may exclude from gross income civil damages, restitution, or other monetary awards that the taxpayer received as compensation for wrongful incarceration. This provision applies to all open tax years.
3. Taxpayers may roll over amounts from an employer-sponsored retirement plan to a SIMPLE IRA, provided the plan has existed for at least 2 years. This provision is effective for contributions made after December 18, 2015.