Of the 33 temporary tax provisions that expired at the end of 2016, 13 were business-related tax provisions. All 13 business tax provisions that expired at the end of 2016 have been included in recent tax extenders legislation, although one was extended through 2021, leaving 12 that expired at the end of 2017. Most recently, Congress extended expiring tax provisions in the Bipartisan Budget Act of 2018 (BBA18; P.L. 115-123 ). This law retroactively extended temporary tax provisions that had expired at the end of 2016 through 2017. This report briefly summarizes and discusses the economic impact of the 12 business-related tax provisions that expired at the end of 2017. Under the special expensing rules for film, television, and live theatrical productions, taxpayers may elect to deduct immediately up to $15 million of production costs ($20 million for productions produced in certain low-income and distressed communities) in the tax year incurred. The cost recovery period for racehorses is seven years, although racehorses that begin training after age two have a three-year recovery period. Accelerated Depreciation for Business Property on an Indian Reservation7

The Omnibus Budget Reconciliation Act of 1993 ( P.L. Extending the provision might encourage additional investment on Indian Reservations. The election to expense advanced mine safety equipment, along with the mine rescue team training credit (discussed below), were enacted following the high-profile mining accident at Sago Mine. For more analysis of EZs, see CRS Report R41639, Empowerment Zones, Enterprise Communities, and Renewal Communities: Comparative Overview and Analysis , by [author name scrubbed]. Other Business Provisions

		Credit for Certain Expenditures for Maintaining Railroad Tracks30

Qualified railroad track maintenance expenditures paid or incurred in a taxable year by eligible taxpayers qualify for a 50% business tax credit. Deduction Allowable with Respect to Income Attributable to Domestic Production Activities in Puerto Rico32

The Section 199 domestic production activities deduction reduces tax rates on certain types of economic activity, primarily domestic manufacturing activities. For general information on the Section 199 deduction, see CRS Report R41988, The Section 199 Production Activities Deduction: Background and Analysis , by [author name scrubbed]; and CRS In Focus IF10688, Key Issues in Tax Reform: The Section 199 Deduction , by [author name scrubbed]. The 2017 tax legislation ( P.L.
Twelve temporary business tax provisions expired at the end of 2017. All of these provisions had expired at the end of 2016 but were retroactively extended by the Bipartisan Budget Act of 2018 (BBA; P.L. 115-123) and made available for the 2017 tax year, although one provision was extended through 2021.
This report briefly summarizes and discusses the economic impact of selected business-related tax provisions that expired at the end of 2017, including the following.
Special business investment (cost recovery) provisions:
Special Expensing Rules for Certain Film, Television, and Live Theatrical Productions Seven-Year Recovery Period for Motorsports Entertainment Complexes Three-Year Depreciation for Race Horses Two Years or Younger Accelerated Depreciation for Business Property on an Indian Reservation Election to Expense Advanced Mine Safety Equipment
Economic development provisions:
Empowerment Zone Tax Incentives American Samoa Economic Development Credit
Other business-related provisions:
Credit for Certain Expenditures for Maintaining Railroad Tracks Deduction Allowable with Respect to Income Attributable to Domestic Production Activities in Puerto Rico Indian Employment Tax Credit Mine Rescue Team Training Credit Special Rate for Qualified Timber Gains
This report does not include provisions that in the past have been classified as individual or energy-related. See CRS Report R44925, Recently Expired Individual Tax Provisions ("Tax Extenders"): In Brief, coordinated by [author name scrubbed]; and CRS Report R44990, Energy Tax Provisions That Expired in 2017 ("Tax Extenders"), by [author name scrubbed], [author name scrubbed], and [author name scrubbed]. For a general overview of tax provisions that expired in 2016, see CRS Report R44677, Tax Provisions that Expired in 2016 ("Tax Extenders"), by [author name scrubbed].