United States · United States Congress · 7 February 1973
Comprehensive Child Development Act - States that it is the purpose of this Act to provide a variety of quality child development and family services in order to assist parents who request such services in providing their children with an opportunity for a healthful and stimulating development, with priority to those preschool children and families with the greatest economic or social needs, in a manner designed to strengthen family life and to insure decisionmaking at the community level through a partnership of parents, State and local governments and the Federal Government, building upon the experience and success of Headstart and other existing programs. Authorizes to be appropriated to carry out this Act $2,000,000,000 for fiscal year 1975. Authorizes to be appropriated $150,000,000 for fiscal year 1974 for the purpose of providing training, technical assistance, planning, and such other activities as the Secretary deems necessary. Sets forth definitions of terms used in this Act. Title I: Headstart, Child Development and Family Services Programs - Provides that the Secretary of Health, Education, and Welfare shall provide financial assistance to prime sponsors and to other public and private nonprofit agencies and organizations for the purpose of carrying out child development and family service programs for children and their families, including comprehensive child development services and programs designed to meet individual needs of children, to assist children in attaining their full potential and to prepare them for school. Provides that the Secretary may designate as a prime sponsor for the purpose of entering into arrangements directly with the Secretary to carry out programs under this title within a State the following: (1) any State; (2) a unit of general local government or any combination of such units; (3) any Indian tribal organization; and (4) certain other public or private nonprofit agencies. Sets forth the requirements of a prime sponsorship plan for assistance under this Act, including provision for establishing and maintaining a child and family services council, and assurances that the Council will provide: (1) child-related family, social, and rehabilitative services; (2) coordination with educational agencies and providers of educational services; (3) health and mental health services; (4) nutrition services; (5) training of professional and paraprofessional personnel; and (6) where necessary, full-time administrative personnel to conduct the program. Provides for review in the courts of appeal of the United States of adverse determinations on applications for sponsorship under this title by the Secretary. Provides that each prime sponsor shall establish and maintain a Child and Family Services Council. Provides that at least one-third of the total membership of the Council shall be persons who are economically disadvantaged. Provides that financial assistance under this Act shall be provided to prime sponsors pursuant to a program statement, submitted by the prime sponsor. Sets forth standards for financial assistance under this title to be provided to a project applicant for any fiscal year. Authorizes additional assistance under this title to a State for services under this title upon a determination by the Secretary that there is an adequate agreement between State and local prime sponsors for maximum coordination of child development and family services within the State. Authorizes assistance to educational agencies and institutions in cooperation with other project applicants pursuant to program statements for the purpose of planning, carrying out, and evaluating cooperative programs and activities designed to provide continuity between preschool programs, after-school programs and educational and related programs conducted by such agencies and institutions, and to maximize community involvement in child development and family services programs. Provides a formula for the allocation of funds authorized to be appropriated under this Act. Provides that applications for financial assistance for projects including construction or acquisition may be approved only if the Secretary determines that construction or acquisition of such facilities is essential to the provision of adequate child care services, and that rental, lease, or lease-purchase, remodeling, or renovation of adequate facilities is not practicable. Provides that the Secretary shall pay an amount not in excess of 90 percent of the cost of carrying out programs, services, and activities under this title. Provides that the Secretary shall pay an amount equal to 100 percent of the costs of providing child development and family services programs for children of migrant agricultural workers and their families under this title, and for children in Indian tribal organizations under this title. Title II: Training, Technical Assistance, Planning, and Evaluation - Authorizes the Secretary to provide financial assistance to enable individuals employed or preparing for employment in child development and family services programs assisted under this Act, including volunteers, to participate in programs of preservice or inservice training for professional and nonprofessional personnel, to be conducted by public or private nonprofit organizations including institutions of higher education, State and local child development and family service agencies, State and local educational agencies, agencies carrying out child development and family service programs, organizations engaged in teacher training, teacher training institutions, national child development and family service organizations. Authorizes the Secretary to make technical assistance available to prime sponsors and to project applicants participating or seeking to participate in programs assisted under this Act on a continuing basis, to assist them in planning, developing, and carrying out child development and family services programs. Title III: Supportive Services and Special Activities - Authorizes the Secretary to make an evaluation of Federal involvement in activities and services for children and families. Authorizes the Secretary to carry out a program of research and demonstration projects. Authorizes the Secretary to provide financial assistance for the purpose of establishing and operating child care programs for the children of employees of the Federal Government. Provides that, within six months after the enactment of this Act, the Secretary shall promulgate a common set of program standards which shall be applicable to all programs providing child development and family services under this Act. Directs the Secretary to appoint a Special Committee on Federal Standards for Child Development and Family Services to advise him on the formulation of such standards. Directs the Secretary to appoint a special committee to develop a uniform minimum code for facilities, to be used in licensing child development and family services facilities receiving assistance under this Act or in which programs receiving assistance under this Act are operated. Authorizes the Secretary to provide mortgage insurance for child development facilities under this Act on mortgages not exceeding $250,000. Directs the Secretary to establish an office of Child Development in the Department of Health, Education, and Welfare to coordinate child development and family service programs under his jurisdiction. Establishes a Child Development Research Council consisting of representatives of various agencies to assure coordination of child development and related family service activities under their respective jurisdictions. Authorizes the Secretary to withhold payments under this Act for failure to comply with certain requirements of this Act.
United States · United States Congress · 7 February 1973
Public Service Employment Act - Declares it to be the purpose of this Act to provide unemployed and underemployed person with employment in jobs providing needed public services and appropriate training and related services. Authorizes to be appropriated to carry out this Act $3,000,000,000 for fiscal year 1972, $7,000,000,000 for fiscal year 1973, and $10,000,000,000 for fiscal year 1974, and for each fiscal year therafter. Provides that the Secretary of Labor shall enter into arrangements with applicants for the purpose of providing financial assistance to public and private nonprofit agencies and institutions for the creation of jobs providing employment for unemployed or underemployed persons in carrying out need public services. Provides that such eligible applicants shall be: (1) States, counties, cities, and other units or combinations of units of general local government which have established public service employment councils; and (2) other public and private agencies and institutions when government units of service are inadequate or nonexistent. Authorizes the Secretary to enter into agreements with eligible applicants, using 25 percent of the funds authorized under this Act, for the purpose of providing employment, for unemployed and underemployed persons residing in areas of substantial unemployment, in jobs providing needed public services, which shall be carried out to the maximum practicable extent within such areas. Provides for the establishment of public service employment council, which shall: (1) be representative of community organizations, job and service providers, and organizations, job and service providers, and organizations representing persons intended to be served by this Act; (2) set forth plans for conducting serveys and analyses of umemployment and underemployment and needs for public services in the area served by the council; and (3) set forth arrangements assuring that community action agencies, model cities programs, and other appropriate community organizations, will be involved in the development of applications for financial assistance under this Act. Provides that an application for financial assistance under this Act shall set forth: (1) a description of the geographical area to be served by such program; (2) a description of unmet public service needs; (3) a description of jobs to be filled; (4) wages and salaries to be paid; (5) the education, training, and supportive services which complement and enhance the work performed; (6) a description of career opportunities and job advancement potentialities for participants; (7) assurances that all persons employed under any such program will be selected form among unemployed and underemployed persons; and (8) assurances that special consideration will be given to employing persons who have become unemployed as a result of technological changes or as a result of shifts in the pattern of Federal expenditures. Provides that the Secretary shall not provide financial assistance for any program or activity under this Act unless he determines that: (1) the program will result in an increase in employment opportunities over those which would otherwise be available, will not substitute public service jobs for other federally assisted jobs; (2) persons employed in public service jobs assisted under this Act shall be paid wages which shall not be lower than whichever is the highest of the minimum wage which would be applicable to the employee under the Fair Labor Standards Act of 1938, the State or local minimum wage for the most nearly comparable covered employment, or the prevailing rates of pay for persons employed in similar public occupations by the same employer; (3) funds under this Act will not be used to pay persons employed in public service jobs under this Act at a rate in excess of $12,000 per year; (4) all persons employed in public service jobs assisted under this Act will be assured of workmen's compensation, health insurance, unemployment insurance, and other benefits at the same level and to the same extent as other employees of the employer and to the same working conditions and promotional opportunities as such other employees enjoy; (5) provisions of law relating to health and safety conditions shall apply to such program or activity; (6) the program will, to the maximum extent feasible, contribute to the occupational development or upward mobility of individual participants; (7) not to exceed 10 percent of the funds available for any program under this Act will be used or the acquisition or the rental or leasing of supplies, equipment, materials, or real property; and (8) every participant shall be advised, prior to entering upon employment, of his rights and benefits in connection with such employment. Provides that the Secretary shall transmit at least annually a detailed report setting forth the activities conducted under this Act. Provides that the Secretary shall carry out a program of research and pilot projects into alternative ways and means to research full employment. Provides that the Secretary shall gather by survey, and publish on a regular basis, data on unemployment, underemployment, and job vacancies by State, labor market areas, rural areas, and city and poverty neighborhoods.
United States · United States Congress · 7 February 1973
Act for Freedom of Emigration in East-West Trade - States that after October 15, 1972, products from any nonmarket economy country shall not be eligible to receive most-favored-nation treatment, such country shall not participate in any program of the Government of the United States which extends credits or credit guarantees or investment guarantees, directly or indirectly, and the President of the United States shall not conclude any commercial agreement with any such country during the period beginning with the date on which the President determines that such country: (1) denies its citizens the right or opportunity to emigrate; (2) imposes more than a nominal tax on emigration or on the visas or other documents required for emigration, for any purpose or cause whatsoever; or (3) imposes more than a nominal tax, levy, fine, fee, or other charge on any citizen as a consequence of the desire of such citizen to emigrate to the country of his choice. Provides that, before any of the aforementioned commercial agreements are entered into with any foreign country, the President shall submit to the Congress a report indicating that such country is not in violation of any of the requirements of the preceding paragraph.
United States · United States Congress · 31 January 1973
Requires congressional authorization for the reinvolvement of American forces in further hostilities in Indochina. Provides that the provisions of this Act shall take effect sixty days after the agreement is signed in Paris on January 27, 1973, or upon the release of all United States prisioners of war held by the Democratic Republic of Vietnam and its allies and an accounting of United States personnel missing in action, or upon the enactment of the Act, whichever is later.
United States · United States Congress · 31 January 1973
Provides that United States person (a) having a major investment in an enterprise in South Africa, or (b) affiliated with an entity doing business in South Africa; shall be eligible to enter into any contract with any agency of the United States Government unless such United States person is doing business in South Africa in accordance with fair employment practices and is listed on the roster to be established pursuant to this joint resolution. Requires the President to appoint an Advisory Board to be composed of 10 members for the purpose of recommending policy to the Administrator as designated in Executive Order Numbered 11246 for the purpose of exercising his authority under this joint resolution. Makes it the duty of the Administrator, after notice and opportunity for hearing: (1) to review the employment practices of each United States person, having a major investment in an enterprise in South Africa or affiliated with an entity doing business in South Africa, and (2) to issue an order establishing a roster of all such United States persons doing business in South Africa in accordance with fair employment practices. Requires the Administrator to review the eligibility of each United States person, having a major investment in an enterprise in South Africa or affiliated with an entity doing business in South Africa, for inclusion on the roster established under this section. Provides that the Administrator shall conduct a review of eligibility not less than once every two years. Allows any United States person aggrieved by an order of the Administrator to seek judicial review of such order. Authorizes the President, for reasons of national security or national defense, to exempt any United States person from the provisions of this joint resolution for a period not exceeding ninety days. Provides that any such exemption may be renewed by the President for a period not exceeding an additional ninety days, and that thereafter no additional exemption may be granted to the same United States person for a period of two years. Requires the Administrator to furnish any United States person with a copy of the charge and to make a preliminary investigation of the charge whenever it is charged in writing under oath by any person, real or corporate, in a statement setting forth the facts upon which it is based, or a written charge has been filed by a member of the Advisory Board where he has reasonable cause to believe, that a United States person having a major investment in South Africa or affiliated with an entity doing business in South Africa, who is entering or has entered into a contract with any agency of the United States Government, is not doing business in South Africa in accordance with fair employment practices. Provides that, if the Administrator determines that the charge is nonfrivolus, he shall set the matter for hearing as speedily as possible, and make a finding and issue an appropriate order in accordance with the provision of this joint resolution. Requires the Administrator to submit to the President and to the Congress an annual report, including a report of the Advisory Board, on the operations and activities under this joint resolution.
United States · United States Congress · 30 January 1973
Allows a tax credit under the Internal Revenue Code against the Federal income tax for State and local real property taxes or an equivalent portion of rent paid on their residences by individuals who have attained the age of 65. Provides that where an indivudal has attained the age of 65, there shall be allowed as a credit the amount of real property taxes paid which were imposed by a State or political subdivision on property owned and used by him as a principal residence or rent constituting such taxes as defined by the Internal Revenue Code. Allows payment by the U.S. Treasury to taxpayers to the extent of the difference between the credit and amount of such real property taxes where the tax imposed is less than real property taxes. Provides that the total credit payment for any taxable year shall not exceed $300 (or $150 in case of a single return). Reduces the amount of the credit allowed by the amount that the taxpayer's income exceeds $6,500 (or $3250 in the case of a married person filing a separate return). Directs that the credit be applied collectively in cases of joint ownership. Provides that where the joint return of the husband or wife is filed, the age requirement is met if either person is 65 or older. Apportions the credit allowed to cover only that part of a residence actually used by the taxpayer or that part of a farm not in excess of forty acres. Provides that an individual who is a tenant-stockholder in a cooperative housing corporation shall be treated as owning the house or apartment which he occupies and such person shall be treated as having paid real property taxes equal to the deduction allowable in direct proportion to taxes actually paid on a particular residence where during the taxable year there has been a change in residence. Provides that the term 'rent constituting property taxes" means an amount equal to 25 percent of the rent paid during a taxable year by the taxpayer for the right to occupy his dwelling (exclusive of charges for utilities, services, and furnishings). Reduces the amount of real property taxes paid by an individual by the amount of any refund given on such taxes. Provides that there shall be no assessment of interest charges where there has been an underpayment of taxes by an individual if the amount due is paid within sixty days after the taxpayer receives a refund of real property taxes which caused the underpayment. Specifies that deductions for State and local real property taxes shall not be affected by the credit allowed.
United States · United States Congress · 30 January 1973
Prohibits the States and general or special purpose units of local government in the exercise of their powers with respect to planning, zoning, subdivision controls, building codes, or other matters affecting land use, from preventing the reasonable provision of law and moderate income housing in undeveloped or predominantly underdeveloped parts of any community within a metropolitan area as defined in this Act. Defines the term metropolitan area as meaning any city or municipality having a population of 100,000 or more, together with all general or special purpose units of local government located within a fifty-mile radius of such city or municipality. Authorizes the Attorney General to bring a civil action in any appropriate United States district court to enforce compliance with the provisions of this Act. Defines those classes of individuals who may bring such civil action in the belief that they have been or are being deprived of the assistance or benefit of the provisions of this Act. Provides that in the administration of any Federal program assisting in the construction or development of housing, or in carrying out open-space or urban development projects, or other projects, a priority shall be given to applications made with respect to property located within the jurisdiction or boundaries of any general or special purpose unit of local government in a metropolitan area which has drawn up, submitted, and had approved by the Secretary of Housing and Urban Development, or which is subject to the jurisdiction of an areawide agency that exercises powers with respect to planning, zoning, subdivision controls, building codes or permits, or other matters affecting land use in the area which such unit or agency represents and has drawn up, submitted, and had approved by the Secretary of Housing and Urban Development, a plan or plans: (1) specifically providing for the inclusion of low and moderate income housing in the areas within the jurisdiction of such unit or agency that are undeveloped or predominantly undeveloped but that are in the path of development, in a manner consistent with any local comprehensive or master planning for such areas; and (2) providing, with respect to the areas within the jurisdiction of such unit or agency in which little or no vacant land is available for low and moderate income housing because of existing density and land use, for compensatory arrangements with other localities within the same metropolitan area still having available vacant land for the construction of low and moderate income housing in those localities, so that no metropolitan area will be left without a proportionate and well-distributed number of units of low and moderate income housing. Provides that any such plan or compensatory arrangement shall be designed to avoid the concentration of low and moderate income housing within any fixed geographical boundaries in any metropolitan area; and any unit or agency which enters into a compensatory arrangement with another locality or localities for the provision of low and moderate income housing because its current density and land use precludes the construction of additional low and moderate income housing within its boundaries shall, when currently used sites become vacant, make every effort to include such housing within its boundaries. Directs the Secretary to provide upon request appropriate technical assistance to any unit or agency developing a plan or entering into an arrangement under this Act.
United States · United States Congress · 30 January 1973
District of Columbia Urban Development Corporation Act - Title I: General Provisions - Declares that there exists in the District of Columbia substantial and persistent unemployment with the lack of sufficient educational housing facilities and private funding sources which make it necessary for Congress to institute the following policies: (1) promote the health, safety, and welfare of its inhabitants by the creation of a corporate public body to be known as the District of Columbia Urban Development Corporation; (2) the purpose of such Corporation shall be the improvement and rehabilitation of substandard areas within the District; (3) pursuant to this Act the District and Federal Governments shall cooperate to fulfill the goals of this Act; (4) the Corporation shall encourage local initiative and employment; and (5) the Corporation shall encourage a high standard of human living. Defines specific terms used in accordance with this Act. Title II: Organization of the Corporation - Establishes the District of Columbia Urban Development Corporation as an instrumentality apart from the United States Government or the District Government whose affairs shall be managed by a board of directors. Specifies that there shall be 15 directors. Directs that there shall be no salary paid to such directors with the exception of the president of the Board of Directors but that each shall be entitled to reimbursement for necessary expenses provided that the aggregate of any per diem allowance shall not exceed the sum of $1,000 in any one year. Directs the Commissioner of the District of Columbia to remove any director appointed by him for neglect of duty or misconduct in office, after such director has had the opportunity to be heard as to the charges against him. Specifies that no officer or director or employee of the corporation shall be subject to personal liability while acting within the scope of his authority within the corporation. Requires that any director shall disqualify himself from participating in decisions in which he has a direct or indirect financial interest. Title III: Powers of the Corporation - Enumerates those powers granted to the corporation. Provides that under such powers the corporation, according to limits and specifications indicated in this Act, may undertake any of the following projects: (1) presidential projects; (2) redevelopment projects; (3) industrial projects; and (4) new community projects. Provides that in planning such projects the corporation is to consult with residents of the proposed project area and to the extent possible take account of the views of the residents of the proposed project area. Requires that no project be undertaken unless approved by an absolute majority of the board of directors. Directs the corporation within specified time periods to post a notice within the proposed project area informing persons to be affected of their opportunity to participate in the planning process. Provides that the corporation shall make available to the public the general project plan by filing such plans with the corporate officers, posting notices, and making announcements of the filing over at least one radio and television station licensed by the Federal Communications Commission for the District of Columbia. Specifies the time and place at which a public hearing shall be held on such project giving any person the opportunity to appear in person or to submit written comments. Requires that no project shall commence until the corporation has provided to all persons who appeared at the hearing copies of the corporation findings based on the hearings. Directs the corporation to comply with all local rules and regulations concerning real property and zoning unless a majority of the board finds that such compliance will obstruct a project and petition is made to the District of Columbia Council for an exemption to such regulations. Permits the corporation to sell or lease any project without public bidding and to give notice in the District of Columbia Register and one paper of general circulation in the District stating whom the transferee is and the proposed use except in such cases where sale or lease was made to a governmental agency or a nonprofit development corporation. Specifies that the corporation may exercise its powers through subsidiary branches and eminent domain. Provides that the corporation shall have the power to be appointed receiver of property upon petition and appointment by the Superior Court of the District. Indicates that the corporation shall have all the powers and duties of a receiver to remedy an existing substandard housing situation. Prohibits construction, improvement, or commencement of a project unless adequate provision is made for the relocation in decent and safe housing for all persons who will be displaced by the implementation of a proposed project. Directs that the corporation shall make dislocation payments to individuals displaced by the corporation in an amount equal to those payments provided to displaced persons under the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970. Specifies those rules, regulations, and procedures under which contracts are to be awarded by the corporation. Title IV: Finances of the Corporation - Authorizes the corporation to meet such expenses as it may incur through any and all sources of money appropriated to it through Congress. Authorizes the corporation to issue negotiable bonds in an aggregate amount not to exceed $75,000,000 according to specified terms of sale, dates of maturity and rates of interest. Specifies those provisions which shall be a part of the contract between the holder of the bond and the corporation. Permits the corporation to enter into any deed of trust indenture or other agreement with any bank, individual or the United States which also has the power to enter into such agreement for the purpose of establishing security for such bonds. Specifies those provisions which may be included in such deed of trust or agreement. Specifies the provisions and procedures for refunding bonds. Authorizes the corporation to include a pledge of the United States Government and the District governments stating that neither will limit those rights vested in the corporation to fulfill the terms of agreements made with bondholders or impair the rights and remedies of the bondholder. Directs the manner in which moneys are to be paid to the corporation under this Act. Authorizes the Commissioner of the District of Columbia to examine the books and accounts of the corporation from time to time. Subjects the corporation to the payment of local and Federal taxes assessed against it. Title V: Miscellaneous Provisions - Directs the corporation to file an annual report with the District government, the Secretary of Housing and Urban Development and its principal office containing specified information including its operations, accomplishments, and a statement of its objectives. Provides that the corporation shall maintain and allow public access to its records and shall provide facilities for rereproducing its records at reasonable costs. Subjects the corporation to liability for tortious acts committed by any of its agents acting within the scope of their authority. Authorizes an appropriation of $2,000,000 to enable the corporation to commence its operations.
United States · United States Congress · 30 January 1973
District of Columbia Minimum Wage Amendments Act - Extends minimum wage and overtime compensation protection to domestic workers pursuant to the District of Columbia Minimum Wage Act. Raises the minimum wage to $2.25 per hour for the year of enactment, to $2.35 the following year, and to $2.50 per year during the third fiscal year. Requires overtime compensation at one and one-half times the employee's regular rate for all hours worked over 8 in any day. Exempts from the right to enter and inspect the place of business of an employer under the provisions of this Act, an employer's premises with respect to employees employed in domestic service or other employment in or about the residence of the employer. Provides that the District of Columbia Court of Appeals shall have jurisdiction to provide injunctive relief for violations of this Act.
United States · United States Congress · 30 January 1973
Crime Victims Compensation Act - Creates the Commission to Compensate Victims of Crimes of Violence, to consist of five members appointed by the Commissioner of the District of Columbia, no more than three of whom may be members of the same political party, at least one of whom is licensed to practice medicine in the District and another of whom is licensed to practice law in the District. Authorizes the Commission to accept applications for compensation under the Act and to determine the amount of compensation, if any, to which applicants are entitled; to hold hearings; to appoint necessary officers, attorneys, examiners and other experts; to submit to the Commissioner each year a written report setting out a summary of the application disposed of by the Commission; and to promulgate rules and regulations consistent with the Act and necessary to its administration. Provides that a person is entitled to compensation under the Act if he is a victim, as defined by the Act, or a dependent of a deceased victim; his pecuniary loss is $50 or more; the appropriate law enforcement officials were notified of the crime; the applicant has fully cooperated with law enforcement officials; the victim and his assailant were not related or of the same household; the injury was not entirely attributable to the victim's wrongful act or provacation of the assailant; and the application for compensation is filed within twelve months of the date of the injury. Provides that pecuniary loss includes, in the case of injury, medical expenses, hospital expenses, loss of earnings, loss of future earnings because of a disability, and other actual expenses incurred and, in the case of death, funeral and burial expenses and loss of support to dependents of the victim. Prescribes information to be given on applications for compensation submitted to the Commission. Establishes procedures for the consideration of applications and authorizes hearings upon request of the applicant. Voids any agreement by an individual to waive, release or commute his rights under the Act. Authorizes to be appropriated for fiscal year 1973 for the cost of administering the Act not to exceed $250,000 and for payment of the compensation awards not to exceed $1,750,000. Makes the Act applicable only to injuries inflicted on or after July 1, 1972.
United States · United States Congress · 23 January 1973
Urban Mass Transportation Assistance Act - Authorizes the Secretary of Transportation, under the Urban Mass Transportation Act, to make grants or loans to assist States and local public bodies and agencies thereof in the payment of operating expenses incurred in connection with the provision of mass transportation service in urban areas. Requires a State or public body or agency to submit a comprehensive mass transportation service improvement plan to qualify for such assistance. Authorizes to be appropriated for such grants $400,000,000 for each of the fiscal years 1974 and 1975. Increases to 80 percent the Federal share of projects other than projects for the paying of operating expenses. Increases to $6,100,000,000 the obligations the Secretary may incur to finance urban mass transportation projects under the Act. Authorizes the Secretary to make grants and loans under the Act to private nonprofit corporations and associations for the specific purpose of assisting them in providing transportation services meeting the special needs of elderly and handicapped persons for whom mass transportation services, planned, designed, and carried out under the Act are unavailable, insufficient, or inappropriate. Provides that no financial assistance shall be provided under the Act to any State or local public body or agency thereof which engages directly or indirectly in the transporting of schoolchildren and school personnel to and from school and school-authorized functions, or proposes to expand present routes, schedules, service, or facilities for the purpose of providing transportation for schoolchildren and school personnel to and from school and school-authorized functions, in competition with or supplementary to the service currently provided by a private transportation company, or other person, engaged in so transporting such schoolchildren and school personnel.
United States · United States Congress · 23 January 1973
Provides, under title XVIII (Medicare) and title II (Old-Age, Survivors' and Disability Insurance) of the Social Security Act, that qualified drugs requiring a physicians prescription or certification shall be included among the items and services covered under the hospital insurance program for the aged at a specified amount of payment. Establishes, within the Department of Health, Education, and Welfare, a Formulary Committee to compile and publish a Formulary listing the drugs deemed qualified for benefits under this Act, together with maximum allowable costs and additional information concerning such drugs. Makes provisions for selecting drugs for the Formulary.
United States · United States Congress · 18 January 1973
Consumer Protection Agency Act - Title I: Office of Consumer Affairs - Creates an Office of Consumer Affairs within the Executive Office of the President. Provides that the office shall be headed by a Director and a Deputy Director, both of whom shall be appointed by the President by and with the advice and consent of the Senate. Gives the Director powers to carry out the provisions of this Act. Requires the Director to transmit to Congress and the President in January of each year a report of the activities of the Office during the preceding year including a summary of consumer complaints and recommendations for additional legislation deemed necessary to protect the interests of U.S. consumers. Provides that it shall be the function of the Office to: (1) coordinate the programs and activities of all Federal agencies relating to the interests of consumers in order to achieve effectiveness, avoid duplications and inconsistencies, and to promote the purposes of this title; (2) encourage and assist in the development and implementation of consumer programs and activities in the Federal Government; (3) assure that the interests of consumers are taken into consideration by appropriate Federal agencies both in the formulation of policies with respect to consumers and in the operation of programs that may affect consumer interests; (4) cooperate with and, when requested, provide assistance to the Administrator of the Consumer Protection Agency in carrying out its functions under title II of this Act; (5) advise and make recommendations to all Federal agencies with respect to general policy matters concerning the effectiveness of programs and activities relating to the interests of consumers; (6) submit recommendations to the Congress and the President on the means by which programs and activities relating to the interests of consumers can be improved; (7) conduct conferences and surveys concerning the needs, interests, and problems of consumers which are not duplicative in significant degree to similar activities conducted by other Federal agencies; (8) encourage, initiate, coordinate, and participate in consumer education and counseling programs (including credit counseling); (9) cooperate with and give technical assistance to State and local governments in the promotion and protection of consumer interests; (10) cooperate with and assist private enterprise in the promotion and protection of consumer interests; (11) publish and distribute in a Consumer Register material which will include notice of Federal hearings, proposed and final rules and orders, and other useful information, translated from its technical form into language which is understandable by the public; and (12) keep the appropriate committees of the Congress fully and currently informed of all its activities. Title II: Consumer Protection Agency - Establishes as an independent agency within the executive branch of the Government the Consumer Protection Agency, headed by an Administrator and a Deputy Administrator, both of whom shall be appointed by the President by and with the advice and consent of the Senate. Gives the Agency powers to carry out the objective of this Act. States that the functions of the Agency shall be to: (1) represent the interests of consumers before Federal agencies and courts to the extent authorized by this title; (2) encourage and support research, studies, and testing leading to a better understanding of consumer products and improved products, services, and consumer information; (3) submit recommendations annually to the Congress and the President on measures to improve the operation of the Federal Government in the protection and promotion of the consumer interest; (4) publish and distribute material developed pursuant to carrying out its responsibilities under this Act which will inform consumers of matters of interest to them; (5) conduct conferences, surveys, and investigations, including economic surveys, concerning the needs, interests, and problems of consumers which are not duplicative in significant degree to similar activities conducted by other Federal agencies; (6) keep the appropriate committees of Congress fully and currently informed of all its activities; and (7) cooperate with and, when requested, provide assistance to the Director of the Office in the carrying out of his functions.
United States · United States Congress · 11 January 1973
Prohibits funds authorized or appropriated for United States forces and military actions in Indochina to be used for any purpose other than the withdrawal from protection of forces in Vietnam, Laos and Cambodia. Requires such withdrawal of forces within 30 days after the date of enactment of this Act, provided there is a release of all prisoners of war by the Government of North Vietnam and its allies within that period. Requires an accounting of United States servicemen missing in action by the Government of North Vietnam and its allies before the completion of withdrawal. Provides that no air bombing operations by United States forces shall be carried out in or over North Vietnam, South Vietnam, Cambodia, or Laos after the date of the enactment of this Act.
United States · United States Congress · 11 January 1973
Directs the Secretary of the Interior to acquire by gift or purchase lands in Atlanta, Georgia, comprising the birth place of the Reverend Doctor Martin Luther King, Junior, as the Secretary may deem necessary for the purpose of establishing such birthplace as a national historic site. Authorizes necessary appropriations to carry out the provisions of this joint resolution.
United States · United States Congress · 9 January 1973
Comprehensive Older Americans Services Amendments - Title I: Declaration of Objectives - States that the general purpose of this Act is to make available comprehensive health, education, and social service programs to our older citizens. Title II: Administration on Aging - Establishes in the office of the Secretary of Health, Education, and Welfare, an Administration on Aging to carry out this Act. Declares that the Commissioner on Aging shall be the principal officer of the Administration. Establishes within the Administration on Aging a National Information and Resource Clearing House for the Aging to collect, review, operate, publish, and disseminate information and data related to the particular problems caused by aging, including information describing measures which are or may be employed for meeting such problems. Establishes the Federal Council on the Aging to advise and assist the President as he may direct on matters relating to the special needs of Older Americans: to assist the Commissioner on Aging in carrying out his functions under this Act; to review and evaluate programs of the Federal Government; and to make recommendations to the President, the Secretary of Health, Education, and Welfare, the Commissioner, and Congress on policies and programs for the aged. Provides that, not later than one hundred and twenty days after the close of each fiscal year, the Commissioner shall prepare and submit to the President for transmittal to the Congress a complete report on the activities carried out under this Act. Title III: Grants for State and Community Programs on Aging - Prescribes standards and procedures for the establishment by the several States of State and area social service programs to concentrate resources in order to develop a greater capacity and foster development or comprehensive systems to serve older persons, to include services designed to assist older Americans in avoiding institutionalization. Authorizes appropriations totalling $600,000,000 for such programs for fiscal years 1973, 1974, and 1975. Provides that the Commissioner shall not finally disapprove any State plan, or any modification thereof, without first affording the State reasonable notice and opportunity for a hearing. Title IV: Training and Research - Directs the Commissioner to make grants to State agencies and educational institutions for the purpose of: (1) publicizing available opportunities for careers in the field of aging; (2) encouraging qualified persons to enter or re-enter the field of aging; (3) encouraging persons from other professions to undertake assignments on a parttime bais in the field of aging; and (4) assisting in covering the cost of courses of training or study. Authorizes the Commissioner to conduct a study of the transportation problems of older Americans, with emphasis upon solutions that are practicable and can be implemented in a timely fashion. Authorizes the appropriation of $7,500,000 for fiscal year 1973, $15,000,000 for fiscal year 1974, and $20,000,000 for fiscal year 1975 for purposes of such transportation studies and demonstration projects. Authorizes the Commissioner to make grants for the purpose of: (1) establishing multidisciplinary centers of gerontology to recruit and train personnel; (2) conducting basic research on the problem of the aged; (3) providing consultation to public and voluntary organizations; and (4) creating opportunities for research projects with respect to aging. Authorizes appropriations of $15,000,000 for fiscal year 1973, $20,000,000 for fiscal year 1974, and $25,000,000 for fiscal year 1975, for the purposes of attracting personnel to, and training personnel in, the field of aging; and for research and development projects. Authorizes appropriations for $20,000,000 for the fiscal year 1973, $30,000,000 for fiscal year 1974, and $40,000,000 for fiscal year 1975, for establishing multidisciplinary centers of gerontology. Title V: Multipurpose Senior Centers - Authorizes the Commissioner to make grants to units of general purpose local government or other public or nonprofit private agencies to pay not to exceed 75 percent of the cost of leasing, altering, or renovating existing facilities to serve as multipurpose senior centers. Establishes standards to be followed by the Commissioner in making such grants and authorizes appropriations of $35,000,000 annually for fiscal years 1973-1975 to carry out the provisions of this section. Creates a Multipurpose Senior Center Insurance Fund to be administered by the Secretary of Health, Education, and Welfare to insure mortgages on multipurpose senior centers. Authorizes appropriations of $10,000,000 for fiscal year 1973, and for each of the next two succeeding fiscal years for the purpose of making grants to meet the costs of compensation of professional and technical personnel for the initial operation of multipurpose senior centers. Title VI: National Older Americans Volunteer Program - Provides that no compensation paid to individual volunteers under the Retired Senior Volunteer Program under the Older Americans Act shall be considered income for any purposes. Authorizes appropriations for such program in the amount of $20,000,000 for fiscal year 1973, $30,000,000 for fiscal year 1974, and $40,000,000 for fiscal year 1975. Authorizes appropriations of $35,000,000 for fiscal year 1973, $45,000,000 for fiscal year 1974, and $55,000,000 for fiscal year 1975, for the continuation of the Foster Grandparent Program under the Older Americans Act. Title VII: Nutrition Programs - Provides, under the Older Americans Act of 1965, that the Secretary of Agriculture and the Commodity Credit Corporation may donate specified products acquired by them to a recipient of a grant or contract for providing nutritional services for the elderly. Title VIII: Amendments to Other Acts - Authorizes the Commissioner to make grants to States which have submitted a long-range program and an annual program for library services for older persons. Authorizes the Commissioner to make grants to institutions in planning, developing, and carrying out programs specifically designed to apply the resources of higher education to the problems of the elderly. Directs the Commissioner to make grants to State and local educational agencies or other public or private nonprofit agencies for educational programs for elderly persons whose ability to speak and read the English language is limited and who live in an area with a culture different from their own. Title IX: Community Service Employment for Older Americans - Older Americans Community Service Employment Act - Authorizes the Secretary of Labor to establish an older American community service program in order to promote useful part-time work opportunities in community service activities for unemployed low-income persons 55 years old or older who have poor employment prospects. Makes provisions for allotment of funds to State, local, and private organizations to further the purposes of the program. Authorizes appropriations of $100,000,000 for fiscal year 1973 and $150,000,000 for fiscal year 1974 to carry out this title. Title X: Middle-Aged and Older Workers Training - Middle-Aged and Older Workers Training Act - Authorizes the Secretary of Labor, through the Manpower Administration, to make loans and grants for manpower training, including on-the-job, institutional, residential, and other training, designed to upgrade the work skills and capabilities of middle-aged and older persons. Authorizes the Secretary to make such studies, rules and provisions as necessary to carry out this title. Authorizes the Secretary to carry out this title in fiscal year 1973 from funds otherwise available for similar programs. Authorizes appropriations in fiscal year 1974 of $100,000,000 for the purposes of this title.
United States · United States Congress · 9 January 1973
Rehabilitation Act - Declares that it is the purpose of this Act to provide a statutory basis for the Rehabilitation Service Administration and to establish within the Department of Health, Education and Welfare an Office for the Handicapped, and to authorize specified programs. Establishes within the Department of Health, Education, and Welfare a Rehabilitation Services Administration which shall be administered by a Commissioner. Provides that the Commissioner shall carry out and administer all programs and direct the performance of all services for which authority is provided to the Secretary of H.E.W. under titles I through IV of this Act. Creates within such administration a Division of Research, Training and Evaluation which shall be responsible for carrying out programs and projects under title IV of this Act. Authorizes the inclusion of appropriations under this Act in appropriations for the fiscal year preceding the fiscal year for which they are available for obligation. Provides that where funds are provided for a single project by more than one Federal agency to an agency or organization assisted under this Act, the Federal agency principally involved may be designated to act for all in administering such funds, pursuant to regulations prescribed by the President. Sets forth definitions of terms used in this Act. Title I: Vocational Rehabilitation Services - States it to be the purpose of this title to authorize grants to assist States to meet the current and future needs of handicapped individuals, so that such individuals may prepare for and engage in gainful employment to the extent of their capabilities. Authorizes to be appropriated $800,000,000 for fiscal year 1973, and $975,000,000 for fiscal year 1974 for the purpose of making grants to States to assist them in meeting the costs of vocational rehabilitation services. Authorizes to be appropriated $50,000,000 for fiscal year 1973, $60,000,000 for fiscal year 1974, and $75,000,000 for fiscal year 1975, for the purpose of making grants to States and public and nonprofit agencies to assist them in meeting the costs of projects to initiate or expand services to handicapped individuals. Sets forth the requirements of State plans to be submitted and approved for participation in programs under this title and under title II of this Act. Authorizes judicial review in United States district courts of decisions by the Commissioner of the Rehabilitation Services Administration affecting State plans. Provides that the Commissioner shall insure that the individualized written rehabilitation program required in a State plan in the case of each handicapped individual shall be developed jointly by the vocational rehabilitation counselor or coordinator and the handicapped individual. Defines vocational rehabilitation services provided under this Act as any goods or services necessary to render a handicapped individual employable, including, but not limited to, the following: (1) evaluation of rehabilitation potential; (2) counseling, guidance, referral, and placement services for handicapped individuals; (3) vocational and other training services for handicapped individuals; (4) physical and mental restoration services; (5) maintenance, not exceeding the estimated cost of subsistence, during rehabilitation; (6) interpreter services for the deaf, and reader services for the blind; (7) recruitment and training services for handicapped individuals; (8) rehabilitation teaching services and orientation and mobility services for the blind; (9) occupational licenses, tools, equipment, and initial stocks and supplies; (10) transportation in connection with the rendering of any vocational rehabilitation services; and (11) telecommunications, sensory, and other technological aids and devices. Provides a formula for the allotment and payment of funds to States for providing rehabilitation services under this title. Directs the Commissioner to establish offices in ten to twenty geographically dispersed regions for client assistance pilot projects to provide counselors to inform and advise all clients and client applicants in the project area of all available benefits under this Act and to assist them in their relationships with projects, programs, and facilities providing services to them under this Act. Directs the Commissioner to pay to a State or, at the option of the State, to a public or nonprofit organization or agency a portion of the cost of planning, preparing for, and initiating special programs under the State plan to expand vocational rehabilitation services. Title II: Comprehensive Rehabilitation Services - States it to be the purpose of this title to authorize grants to assist the several States in developing and implementing continuing plans for meeting the current and future needs of handicapped individuals for whom a vocational goal is not possible or feasible authorizes to be appropriated $30,000,000 for fiscal year 1973, $50,000,000 for fiscal year 1974, and $80,000,000 for fiscal year 1975 for grants to carry out the purposes of this title. Specifies the formula to be utilized in alloting such funds to the States. Directs the Commissioner to make grants to States and public and nonprofit agencies or organizations to pay part of the cost of projects for research and demonstration and training which hold promise of making a substantial contribution to the solution of problems related to the rehabilitation of individuals under this title. Title III: Special Federal Responsibilities Authorizes the Commissioner to make grants and contracts to assist in meeting the costs of construction of public or nonprofit rehabilitation facilities, initial staffing, and planning assistance. Authorizes to be appropriated for such grants and contracts $35,000,000 for fiscal year 1973, $40,000,000 for fiscal year 1974, and $45,000,000 for fiscal year 1975. Authorizes the Commissioner to make grants to States and public or nonprofit organizations and agencies to pay up to 90 percent of the cost of projects for providing vocational training services to handicapped individuals, especially those with the most severe handicaps, in public or nonprofit rehabilitation facilities. Authorizes to be appropriated for such grants and contracts $30,000,000 for fiscal year 1973, $35,000,000 for fiscal year 1974, and $40,000,000 for fiscal year 1975. Authorizes the Commissioner to insure up to 100 percent of any mortgage on the construction of facilities for programs for handicapped individuals. Creates a Rehabilitation Facilities Insurance Fund to be used by the Commissioner as a revolving fund for carrying out the insurance provisions of this part. Provides that the total amount of outstanding mortgages shall not exceed $250,000,000. Authorizes to be appropriated such sums as may be necessary for initial capital for such Fund. Authorizes the Commissioner to make annual interest grants to assist States and public or nonprofit agencies and organizations to reduce the cost of borrowing from other sources for the construction of rehabilitation facilities. Authorizes to be appropriated such sums as may be necessary for the payment of annual interest grants in accordance with this part. Authorizes the Commissioner to make grants to States and public or nonprofit agencies and organizations for paying part of the cost of special projects and demonstrations: (1) for establishing facilities and providing services which hold promise of expanding or otherwise improving rehabilitation services to handicapped individuals, especially those with the most severe handicaps; and (2) for applying new types or patterns of service or devices. Allows the Commissioner to make grants to pay up to 90 percent of the cost of projects or demonstrations for the provision of vocational or comprehensive rehabilitation services to handicappped individuals who are migratory agricultural workers or seasonal farmworkers, and to members of their families who are with them. Provides that the Commissioner may make contracts or jointly finance cooperative arrangements with employers and organizations for the establishment of projects designed to prepare handicapped individuals for gainful and suitable employment in the competitive labor market under which such handicapped individuals are provided training and employment in a realistic work setting and such other services as may be necessary for such individuals to continue to engage in such employment. Authorizes the Commissioner to provide technical assistance to rehabilitation facilities, and for the purpose of removal of architectural and transportation barriers, to any public or nonprofit agency, institution, organization or facility. Authorizes to be appropriated, for the purpose of making grants under this part, $50,000,000 for fiscal year 1973, $125,000,000 for fiscal year 1974, and $150,000,000 for fiscal year 1975. Authorizes to be appropriated $5,000,000 for construction, $800,000 for operations for fiscal year 1973, $1,200,000 for operations for fiscal year 1974, and $2,000,000 for operations for fiscal year 1975, for establishing and operating a National Center for Deaf-Blind Youths and Adults. Authorizes to be appropriated $2,000,000 for fiscal year 1973, $4,000,000 for fiscal 1974, and $7,000,000 for fiscal year 1975 and for making grants and contracts for the expansion and improvement of vocational or comprehensive rehabilitation services for deaf and blind individuals. Authorizes to be appropriated, for the purpose of establishing and operating National Centers for Spinal Cord Injuries, $15,000,000 for fiscal year 1973, $25,000,000 for fiscal year 1974, and $30,000,000 for fiscal year 1975. Authorizes to be appropriated, for providing services for the treatment of individuals suffering from end-stage renal disease, $25,000,000 for fiscal year 1973, $25,000,000 for fiscal year 1974, and $25,000,000 for fiscal year 1975. Establishes a National Advisory Council on Rehabilitation of Handicapped Individuals in the Department of Health, Education, and Welfare to: (1) provide policy advice and consultation to the Secretary of Health, Education, and Welfare, and the Commissioner; (2) review the administration and operation of vocational rehabilitation programs under this Act; and (3) advise the Secretary and the Commissioner with respect to the conduct of independent evaluations of programs carried out under this Act. Authorizes appropriations of $100,000 for fiscal year 1973 and $150,000 for each of fiscal years 1974 and 1975 to carry out the functions of the Council. Title IV: Research and Training - Authorizes the Commissioner to make grants to and contracts with States and public or nonprofit agencies and organizations to pay part of the cost of projects for the purpose of planning and conducting research, demonstrations, and related activities, which bear directly on the development of methods, procedures, and devices to assist in the provision of vocational and comprehensive rehabilitation services to handicapped individuals, especially those with the most severe handicaps. Authorizes to be appropriated for such research activities $75,000,000 for fiscal year 1973, $100,000,000 for fiscal year 1974, and $150,000,000 for fiscal year 1975. Authorizes the Commissioner to make grants to and contracts with States and public and nonprofit agencies and organizations to pay part of the cost of projects for training, traineeships, and related activities designed to assist in increasing the numbers of personnel trained in providing vocational and comprehensive rehabilitation services to handicapped individuals and in performing other functions necessary to the development of such services. Authorizes to be appropriated for such training grants $50,000,000 for fiscal year 1973, $75,000,000 for fiscal year 1974, and $100,000,000 for fiscal year 1975. Title V: Administration and Program and Project Evaluation - Provides that, in carrying out his duties under this Act, the Commissioner shall: (1) cooperate with, and render technical assistance to States in matters relating to the rehabilitation of handicapped individuals; (2) provide short-term training and instruction in technical matters relating to vocational and comprehensive rehabilitation services; and (3) disseminate information relating to vocational and comprehensive rehabilitation services, and otherwise promote the cause of the rehabilitation of handicapped individuals and their greater utilization in gainful and suitable employment. Directs the Secretary to measure and evaluate the impact of all programs authorized by this Act. Title VI: Office for the Handicapped - Establishes an Office for the Handicapped in the Department of Health, Education, and Welfare to: (1) prepare a long-range projection for the provisions of comprehensive services to handicapped individuals; (2) analyze program operations; (3) encourage coordinated and cooperative planning; (4) provide assistance to other committees advising the Secretary; (5) develop means of promoting scientific research to bring about the full integration of handicapped individuals into all aspects of society; and (6) provide a central clearinghouse for information and resource availability for handicapped individuals. Authorizes to be appropriated for purposes of this title $1,000,000 for fiscal year 1973, $2,000,000 for fiscal year 1974, and $2,000,000 for fiscal year 1975. Title VII: Miscellaneous - Provides that the Vocational Rehabilitation Act is repealed ninety days after the date of enactment of this Act. Establishes an Interagency Committee on Handicapped Employees to insure the adequacy of hiring, placement, and advancement practices with respect to handicapped individuals by each department, agency, and instrumentality of the executive branch of Government. Establishes a National Commission on Transportation and Housing for Handicapped Individuals to identify and eliminate transportation barriers that impede the mobility of handicapped individuals and aged handicapped individuals, and to prepare plans and proposals for such further action as may be necessary to the goals of adequate transportation and housing for handicapped individuals. Establishes an Architectural and Transportation Barriers Compliance Board to investigate and examine alternative approaches to the architectural, transportation, and attitudinal barriers confronting handicapped individuals. Authorizes appropriations of $1,000,000 for fiscal year 1973; $1,250,000 for fiscal year 1974; and $1,500,000 for fiscal year 1975 to carry out the duties and functions of the Board.
United States · United States Congress · 6 January 1973
Public Service Employment Act - Directs the Secretary of Labor to enter into arrangements with eligible applicants in order to make financial assistance available for the purposes of providing, during each of the fiscal years 1974 and 1975, employment for five hundred thousand unemployed and underemployed persons in jobs providing needed public services. Requires at least eighty-five percent of the funds appropriated pursuant to this Act to be expended only for wages and employment benefits. Provides that programs assisted under this Act shall be designed with a view toward: (1) developing new careers; (2) providing opportunities for career advancement; (3) providing opportunities for continued training, including on the job training; or (4) providing transitional public service employment which will enable the individuals so employed to move into public or private employment. Requires applications for financial assistance for a public service employment program under this Act to include provisions enumerated in this Act. Directs that the amounts authorized to be appropriated for any fiscal year be allocated by the Secretary among the States on the basis of the proportion which the total number of unemployed persons in each such State bears to the total number of such persons in the United States, determined on the basis of the monthly average for the fourth calendar quarter of the fiscal year immediately preceding the one for which the apportionment is made. States that the Secretary shall not provide financial assistance for any program or activity under this Act unless he determines that specified goals and requirements will be met by such program or activity. Requires the Secretary to transmit to the Congress at least annually a detailed report setting forth the activities conducted under this Act. Authorizes to be appropriated during each of fiscal years 1974 and 1975 such sums as may be necessary to carry out the provisions of this Act.
United States · United States Congress · 3 January 1973
Tax Reform Act - Title I: Capital Gains of Individuals and Corporations - Eliminates the twenty-five percent capital gain rate on the first $50,000 of an individual's capital gains. Increases to thirty-five percent (thirty percent in the case of a taxable year beginning after December 31, 1970, and before July 1, 1973) the alternative rate of taxation on capital gains for corporations. Title II: Gain on Certain Property Transferred at Death or by Gift - Provides that in the case of the death of a taxpayer there shall be included in computing taxable income for the taxable period in which falls the date of his death, the gains and losses which would be taken into account if the taxpayer has sold all property, which is considered to have been acquired from or to have passed from the decedent taxpayer, at a selling price equal to its fair market value at death. Makes exceptions to this provision for household or personal items whose total value is less than $2000, and for property which passes or was passed to a surviving spouse. Sets forth rules applicable in determining the the basis for computing gain or loss. Makes provisions and rules for including gains and losses on lifetime property gifts in computing taxable income for the taxable period in which the transfer was made. Requires the filing of a final income tax return for a decendent by April 15 of the year following the taxable year, or 9 months after the date of death, whichever is later. Makes provisions for extension of time for the paying of tax. Title III: Depreciation Revision - Eliminates the provision permitting a variance from any class life for depreciation allowance purposes of up to 20 percent of such life. Title IV: State and Local Bonds - Allows a State or local government to elect to issue obligations without excluding their interest from gross income. Authorizes necessary appropriations to pay a fixed percentage of interest yield on taxable issues, and sets forth procedures for such payment. Title V: Foreign Corporations - Provides that if a foreign corporation is a controlled foreign corporation for an uninterrupted period of 30 days or more during any taxable year, every United States shareholder of such corporation who owns stock in such corporation on the last day in such year or which such corporation is a controlled foreign corporation, shall include in its gross income for its taxable year its pro rata share of the corporation's anyyyyyyy and profits for such year. Excludes from such shareholder's gross income any previously taxed earnings or profits from a foreign corporation. Provides that such shareholders in foreign corporations may be required to maintain records and accounts for purposes of this Act. Makes conforming amendments for this section. Title VI: Income Derived From Extraction of Oil and Gas - Reduces to fifteen percent the depletion rate for oil and gas wells (presently twenty-two percent). Eliminates the granting of an option to deduct as expenses intangible drilling and development costs in the case of oil and gas wells. Title VII: Farm Losses - Provides that, in the case of a taxpayer engaged in the business of farming, the deductions attributable to such business which would be allowable for the taxable year shall not exceed the sum of: (1) the adjusted farm gross income for the taxable year, and (2) the higher of the amount of the special deductions allowable for the taxable year, or $15,000 ($7,500 in the case of a married individual filing a separate return), reduced by the amount by which the taxpayer's adjusted gross income (taxable income in the case of a corporation) for the taxable year attributable to all sources other than the business of farming exceeds $15,000 ($7,500 in the case of a married individual filing a separate return). Provides for a disallowable farm operating loss carryback to each of the three taxable years preceding the loss year and a disallowed farm loss carryover to each of the five taxable years following the loss year. Defines the various terms of this title. States that a taxpayer shall be treated as engaged in the business of farming for any taxable year if: (1) any deduction is allowable for any expense paid or incurred by the taxpayer with respect to farming, or with respect to any farm property held by the taxpayer, or (2) any deduction would otherwise be allowable to the taxpayer for any expense paid or incurred with respect to farming, or with respect to property held for the production of income, which is used in farming. Excludes the raising of timber from the definition of farming. Establishes a formula limiting the amount of deduction, regarding the business of farming, to a controlled group of corporations. Directs that, under regulations prescribed by the Secretary or his delegate, an electing small business corporation which is engaged in the business of farming during its taxable year, and the shareholders of such corporation, shall apply the provisions of the Internal Revenue Code dealing with certain corporation payments to shareholders separately with respect to: (1) income derived from the business of farming by such corporation and deductions attributable to such business, and (2) all other income and deductions of such corporation. Title VIII: Minimum Tax for Tax Preferences - Imposes for each taxable year, with respect to the income of every person, a tax equal to 20 percent (previously 10 percent) of the amount by which the sum of the items of tax preference exceeds $12,000. Repeals the provision allowing tax carry-overs for 7 taxable years for excess taxes.
![Official portrait of Del. Fauntroy, Walter E. [D-DC-At Large]](https://www.congress.gov/img/member/f000046_200.jpg)