Just before Congress adjourned, the Tax Technical Corrections Act of 2006 was introduced in the House (H.R. 6284) by Ways & Means Committee Chairman Bill Thomas (R-CA), and in the Senate (S. 4026) by Finance Committee Chairman Charles Grassley (R-IA) and Ranking Member Max Baucus (D-MT).  The bill would make changes to the following previously enacted legislation:

• Tthe Tax Increase Prevention and Reconciliation Act of 2005
• The Gulf Opportunity Zone Act of 2005
• The Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users
• The Energy Policy Act of 2005
• The American Jobs Creation Act of 2004
• The Jobs and Growth Tax Relief Reconciliation Act of 2003
• The Economic Growth Tax Relief Reconciliation Act of 2001
• The Internal Revenue Service Restructuring and Reform Act of 1998

The Joint Committee on Taxation yesterday released Description of the Tax Technical Corrections Act of 2006 (JCX-48-06)

This document, prepared by the staff of the Joint Committee on Taxation, provides a description of the Tax Technical Corrections Act of 2006, as introduced on September 29, 2006, in the House of Representatives as H.R. 6264, and in the Senate as S. 4026.