Tax Relief Extension Act of 1999

[AI summary unavailable — showing source text] TABLE OF CONTENTS: Title I: Extension of Expired and Expiring Provisions Title II: Revenue Offset Provisions Subtitle A: General Provisions Subtitle B: Provisions Relating to Real Estate Investment Trusts Title III: Budget Provision Tax Relief Extension Act of 1999 - Title I: Extension of Expired and Expiring Provisions - Amends the Internal Revenue Code to extend through December 31, 2000: (1) treatment of the tentative minimum tax for individuals as zero (and postponement of the reduction in child tax credit for taxpayers subject to the alternative minimum tax); (2) the exclusion from an employee's gross income of employer-provided educational assistance; (3) the research and experimentation credit; (4) exclusions from subpart F income (pro rata income of controlled foreign corporations taxable to U.S. shareholders) of exempt insurance income and active financing income; (5) the suspension of the net income limitation on percentage depletion from marginal oil and gas wells; and (6) the work opportunity tax credit and the welfare-to-work tax credit. (Sec. 102) Repeals the denial of exclusion from an employee's gross income (thus excluding from such gross income) any employer-provi…