On 7 December 2015, U.S. House Ways and Means Chairman Kevin Brady R-TX sent the Tax Increase Prevention and Real Estate Investment Act of 2015 to the House Rules Committee. The bill was tabled as an amendment to a Senate amendment to Bill H.R.34, and would extend, and in some cases modify, tax provisions that expired at the end of calendar year 2014. It is seen as a backup in case negotiations fail for a broader bill that would make certain extenders permanent.
Some of the key provisions r…