...public trust in our Government. Tax expenditures are defined in the Congressional Budget Act of 1974 as "revenue losses attributable to provisions of the...deduction from gross income or which provide a special tax credit, a preferental rate of tax, or a deferral of tax dlability affecting individual or corporate...

...Budget Control Act probably formalized use of the term in 1974. Tax expenditures, it says, are, ". . . those revenue losses attributable to provisions of...exemption, or deduction from gross income or which will provide a special credit, a preferential rate of tax, or a deferral of tax liability . . ." (Section...

...the legislation: Section 3(a)2 of the Congressional Budget Act defines the term "tax expenditures" as those revenue losses attributable to provisions of...preferential rate of tax, or a deferral of tax liability. None of the provisions of HR 11318 deals with taxation and thus, in your committee's opinion, this...

...definitional approach and the above analytic techniques in Its definition of tax expenditures as: 706 •[T]hose revenue losses attributable to provisions...credit, a preferential rate of tax or a deferral of tax liability..."1 The legislative history of the Budget Act makes clear that the classification of an...

...3(a)(3) of the Congressional Budget and Impoundment Control Act of 1974 defines "tax expenditures" as "those revenue losses attributable to provisions of...provide a special credit, a preferential rate of tax, ar a deferral of tax liability." These provisions are measured with reference to a "normal tax structure...

...repayment of indebtedness incurred by another person or government. (3) The term "tax expenditures" means those revenue losses attributable to provisions of...preferential rate of tax, or a deferral of tax liability; and the term "tax expenditures budget" means an enumeration of such tax expenditures. (4) The term...

...need not countermand the * "Tax expenditures," as defined in the Congressional Budget Act of 197t, are revenue losses attributable to provisions of the Federal...preferential rate of tax, or a deferral of tax liability. recent thrust toward rationalizing the tax system, even though at first consideration it might seem...

...are considered a tax expenditure by the Department of the Treasury. Tax expenditures are defined as "revenue losses attributable to provisions of the...preferential rate of tax, or a deferral of tax liability." The amount of revenue loss since enactment of the 1943 Revenue Act is unknown. However, the Congressional...

...that 25 percent of total tax liability is lost in tax expenditures. Tax expenditures are defined as "revenue losses attributable to provisions of the...credit, a preferential rate of tax, or a deferral of tax liability."3 They are called expenditures because the benefits act on the economy much as Federal spending....

...considered tax expenditures. As defined In the Budget Act of 1974, tax expenditures are "revenue losses 581 attributable to provisions of the federal tax laws...preferential rate of tax, or a deferral of tax liability." (Sec. 3 (a) 3 ). Not part of the formal budget process such tax expenditures are not subject to annual...