OMB
COST ESTIMATE
FOR PAY-AS-YOU-GO CALCULATIONS
Report No: 578
Date: 06/05/2002
- LAW
NUMBER: P.L. 107-181 (H.R. 4156)
- BILL
TITLE: Clergy Housing Allowances Clarification Act of 2002
- BILL
PURPOSE: Limits the parsonage allowance exclusion in the Internal
Revenue Code to the fair rental value of the home.
- OMB
ESTIMATE: P.L.107-181 resolves a dispute before the U.S. Tax Court
and clarifies that the amount of income excluded by members of
the clergy for rental allowances may not exceed the fair rental
value of the home plus utilities.
|
(Fiscal
years; in millions of dollars) |
|
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
Receipt
effect................... |
* |
1 |
2 |
2 |
2 |
2 |
- CBO
ESTIMATE:
|
(Fiscal
years; in millions of dollars) |
|
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
Receipt
effect................... |
0 |
0 |
1 |
1 |
2 |
3 |
- EXPLANATION
OF DIFFERENCES BETWEEN OMB AND CBO ESTIMATES:
The minor differences between OMB and CBO estimates are the result
of different estimating models.
- CUMULATIVE
EFFECT OF DIRECT SPENDING AND REVENUE LEGISLATION ENACTED TO DATE:
|
(Fiscal
years; in millions of dollars) |
|
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
Outlay
effect.............. |
2,204 |
34,370 |
35,866 |
34,897 |
19,143 |
9,894 |
Receipt
effect............ |
0 |
-86,865 |
-106,317 |
-107,742 |
-126,472 |
2 |
Net
costs.................... |
2,204 |
121,235 |
142,183 |
142,639 |
145,615 |
9,892 |
|