Bill· HRH.R. 6388 (98th)referred
United States · United States Congress · 3 October 1984
Miscellaneous Charitable Contributions Tax Act of 1984 - Amends the Internal Revenue Code to require tax-exempt organizations subject to the unrelated business tax and private foundations subject to investment income tax to make estimated tax payments. Increases the percentage limitation on the deductions for charitable contributions to 60 percent of the taxpayer's contribution base for individuals and 20 percent of the taxable income for corporations. Increases from 5 to 15 years the period for carryforward of excess charitable contribution deductions. Permits a corporation to make a charitable contribution to a person even though the person owns part or all of the stock of such corporation. Provides that the present value of a gift of a remainder interest must be discounted at a rate of five percent per annum for purposes of the charitable contribution deduction. Makes various changes in the rules relating to private foundations, charitable remainder trusts, and charitable contributions by trusts to private foundations. Authorizes the Secretary of the Treasury to impose a fee not to exceed $250 for any taxable year to process an application and prepare a written determination for recognition of an exemption from tax. Directs the Secretary to impose a fee for filing an annual tax exempt organization information return.
Bill· HRH.R. 6312 (98th)referred
United States · United States Congress · 26 September 1984
Amends the Internal Revenue Code to provide that policyholder dividend amounts that are accelerated and are paid or accrued because of a change in business practices by an insurance company after December 31, 1983, shall not be taken into account as paid or accrued for purposes of the policyholder dividends income tax deduction to the extent that such amounts do not exceed the amounts held as of December 31, 1983, by an insurance company as reserves for dividends to policyholders. Revises the definition of "statement gain or loss from operations" for purposes of the reduction in certain deductions of mutual life insurance companies.
Bill· HRH.R. 6305 (98th)referred
United States · United States Congress · 25 September 1984
Plan Termination Insurance Technical Clarification Act of 1984 - Amends the Employee Retirement Income Security Act of 1974 to provide that the Pension Benefit Guaranty Corporation shall pay plan termination insurance benefits with respect to certain plans for which amendments were executed on July 8, 1974, purporting to terminate such plans as of May 22, 1974.
Bill· HRH.R. 6288 (98th)referred
United States · United States Congress · 20 September 1984
Amends title XX (Block Grants to States for Social Services) of the Social Security Act to prohibit the use of title XX grants for any child care services unless: (1) the State has established and is monitoring and enforcing appropriate out-of-home child care standards; and (2) such services meet such standards and all other applicable standards of State and local law. Requires a State, as a condition of eligibility for title XX payments for child care services, to establish, monitor, and enforce appropriate standards governing the provision of out-of-home child care services.
Bill· HRH.R. 6260 (98th)open
United States · United States Congress · 18 September 1984
GST Tax Simplification Act of 1984 - Amends the Internal Revenue Code to provide a flat rate of tax on every generation-skipping transfer. Provides that the liability for the tax shall be that of the transferee except in the case of taxable terminations, where the liability will be that of the trustee, or in the case of a direct skip, where the liability will be that of the transferor. Permits a credit for any generation-skipping transfer tax paid to any State with respect to any property subject to this tax if such transfer occurs at the time of death or as a result of death of an individual. Defines the terms "generation-skipping transfer," "taxable distributions," "taxable terminations," and "direct skip" for purposes of this Act. Describes the method for determining the taxable amount where there is a taxable distribution, a taxable termination, or a direct skip. Requires that property be valued as of the time of the generation-skipping transfer. Allows for certain instances of alternate valuation. Allows a special $10,000 per year exemption for certain otherwise taxable distributions from trusts. Establishes rules to be followed to qualify for this special exemption. Provides for an exemption of up to $1,000,000 for each person making generation-skipping transfers. Allows an individual to apply the exemption to transfers made by his or her spouse or to transfer the exemption to the spouse. Permits the allocation of this exemption at any time up to the due date of an individual's estate tax return. Provides that the rate of tax on generation-skipping transfers will be 80 percent of the maximum Federal estate tax rate. Establishes rules for the determination of the inclusion ratio to be used to determine the amount of the generation-skipping transfer subject to tax. Sets forth valuation rules for generation-skipping transfers. Sets forth rules for: (1) assigning individuals to generations for purposes of making the determination of whether a generation-skipping transfer occurs; and (2) adjusting the basis of property transferred in a generation-skipping transfer. Limits the liability of a trustee for the generation-skipping transfer tax in certain situations. Directs the Secretary of the Treasury to prescribe by regulations the person required to make the return with respect to the generation-skipping transfer tax and the time for making such return. Requires the Secretary to promulgate regulations to implement the generation-skipping transfer tax. Permits an income tax deduction for the amount of the generation-skipping transfer taxes imposed on an income distribution. Sets forth special rules for distributions in redemption of stock to pay generation-skipping transfer taxes. Permits the election of alternate valuation by an estate only if the estate tax and the generation-skipping transfer tax is reduced by the election. Allows a special adjustment for generation-skipping transfer taxes with respect to the estate tax credit for taxes on prior transfers. Increases the amount of a gift by the amount of the generation-skipping transfer tax imposed on a direct skip transfer. Permits an extension of time for payment of the generation-skipping transfer tax on direct skip transfers of interests in a closely-held business.
Bill· HRH.R. 6261 (98th)open
United States · United States Congress · 18 September 1984
GST Tax Simplification Act of 1984 - Amends the Internal Revenue Code to impose a separate tax on three forms of generation-skipping transfers: (1) taxable distributions; (2) taxable terminations; and (3) outright skips. Provides that the rate of tax on these generation-skipping transfers will be equal to the maximum unified Federal estate and gift tax rate. Allows every transferor to take a credit of $417,000 against the generation-skipping transfers during the transferor's life. Sets forth rules for the allocation of such credit. Defines "taxable distribution," "taxable termination," and "outright skips" for purposes of this Act. Levies a gift tax on taxable distributions. Provides that the trustee making the distribution is liable for the payment of the tax. Permits the distributee to elect to pay the tax. Denies the taxable distribution eligibility for the annual gift tax exclusion. Permits an income tax deduction for a percentage of the taxable distribution includible in the gross income of the distributee. Imposes a surtax on every outright generation skip. Makes the transferor liable for the payment of this tax. Imposes an estate tax on every taxable termination. Provides that the trustee with respect to which the taxable termination occurs shall be liable for the payment of the tax. Provides special rules and definitions relating to the operation of the generation skipping transfer taxes. Directs the Secretary of the Treasury to prescribe by regulations the person required to make the return with respect to the generation-skipping transfer tax and the time for making such return. Requires the Secretary to promulgate regulations to implement the generation-skipping transfer taxes.
Bill· HRH.R. 6236 (98th)referred
United States · United States Congress · 13 September 1984
REIT Tax Provisions Revision Act of 1984 - Amends the Internal Revenue Code to revise rules concerning the taxation of the income of shareholders of certain real estate investment trusts (REITs). Treats as ordinary income the gain on the sale or exchange of stock in a real estate investment trust to the extent of the amount of any recapture distribution previously received with respect to such stock. Defines "recaputure distribution." Exempts REITs from the special rules for corporate tax preference items relating to the reduction in certain preference items. Increases the allowable selling price and number of sales of real estate assets by a REIT without imposition of the 100 percent prohibited transaction tax. Eliminates the independent contractor requirement for the management of rental property and use of foreclosure property which is owned by a REIT. Revises standards for the disqualification of a REIT as a personal holding company. Allows REITs to have wholly-owned subsidiaries. Revises rules disqualifying income in the form of rents or interest based on net income or profits of the tenant of a REIT. Excludes net operating losses carried over from prior years for purposes of computing the net capital gain of a REIT for the taxable year. Excludes net losses from prohibited transactions for purposes of computing REIT taxable income. Eliminates present requirements that a capital gain dividend must be designated as such in a written notice from a REIT to its shareholders within 30 days after the close of the REIT taxable year. Substitutes for such requirement a notice to the Secretary of the Treasury within 45 days after the close of the REIT taxable year. Allows the payment of dividends within 90 days after the close of the taxable year by a REIT without the imposition of the excise tax on REIT taxable income net distributed during the taxable year. Limits the penalty on a REIT making a deficiency dividend distribution due to adjustment of REIT taxable income. Excludes from REIT distribution requirements any noncash income recognized by a REIT under certain deferred payment and installment sales rules requiring the imputation of interest. Excludes from REIT distribution requirements any income recognized by a REIT upon a determination that an exchange of real property failed to meet the requirements for the nonrecognition of gain for exchanges solely in kind.
Bill· HRH.R. 6116 (98th)referred
United States · United States Congress · 9 August 1984
Provides that non-regular military service which is creditable for purposes of military retired pay benefits shall not be creditable for purposes of civil service retirement benefits.
Resolution· HCONRESH.Con.Res. 345 (98th)referred
United States · United States Congress · 2 August 1984
Reaffirms the U.S. commitment to population assistance. States that the Congress expects that the executive branch shall not deny funds to multilateral or nongovernmental organizations because of their participation in family planning activities that are financed with funds other than those appropriated by Congress as long as those activities are consistent with U.S. laws.
Bill· HRH.R. 6068 (98th)referred
United States · United States Congress · 2 August 1984
Railroad Unemployment Compensation Amendments of 1984 - Title I: Restructuring of Railroad Unemployment Insurance System - Amends the Internal Revenue Code to provide for coverage of railroad workers under the Federal-State unemployment compensation system. Requires State law to cover railroad workers for purposes of receiving certification by the Secretary of Labor each October 31. Establishes rules for determining the State in which an employee will be covered for unemployment insurance. Sets forth transitional rules for implementing these provisions. Provides that States shall be entitled to reimbursement for benefits which they are required to pay which are based on wages and services previously covered under the Railroad Unemployment Insurance Act. Provides for payment to States to assist with the administrative costs of administering the transitional provisions. Title II: Railroad Sickness Insurance - Grants the Railroad Retirement Board authority to enter into an agreement to administer a sickness benefits plan for employees under certain conditions.
Bill· HRH.R. 6054 (98th)open
United States · United States Congress · 31 July 1984
Provides that presidential primaries shall be held only during specified months in the year of the presidential election. Directs the Attorney General of the United States to seek compliance with this Act in Federal district court.
Bill· HRH.R. 6048 (98th)referred
United States · United States Congress · 31 July 1984
Plan Termination Insurance Clarification Act of 1984 - Amends the Employee Retirement Income Security Act of 1974 to provide an eligibility standard with respect to plan termination insurance for certain pension plans whose date of benefit cessation cannot be determined.
Bill· HJRESH.J.Res. 631 (98th)open
United States · United States Congress · 30 July 1984
Designates the week beginning on October 7, 1984, as Mental Illness Awareness Week.
Bill· HRH.R. 6029 (98th)referred
United States · United States Congress · 26 July 1984
Amends the Internal Revenue Code to allow an income tax credit in an amount equal to 50 percent of expenses incurred for the purchase and installation of television subtitle equipment to be used by a hearing-impaired individual. Limits the amount of such credit to $250 ($125 in the case of a married individual filing a separate return).
Bill· HRH.R. 6019 (98th)referred
United States · United States Congress · 25 July 1984
Amends Title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to eliminate the three percent trigger for cost-of-living benefit increases.
Bill· HJRESH.J.Res. 621 (98th)open
United States · United States Congress · 29 June 1984
Designates November 1984 as National Hospice Month.
Bill· HJRESH.J.Res. 616 (98th)referred
United States · United States Congress · 28 June 1984
Establishes the National Commission on Federal Budget Deficit Reductions to review all relevant elements of fiscal and monetary policy. Requires particular emphasis to be given to the causes of cyclical and structural Federal budget deficits and the impact which growing structural Federal deficits have on employment, capital formation, and the vigor and viability of economic growth in the United States. Requires the Commission to: (1) identify problems which may hinder the control and reduction of Federal budget deficits; and (2) analyze all potential options which would result in deficit reductions and place the Government on a sound financial basis. Requires the Commission to report to the President and Congress by January 15, 1985, detailed findings, conclusions, and recommendations for such legislation and administrative actions as it considers appropriate. Terminates the Commission 30 days after submission of such report.
Law· HRH.R. 5953 (98th)enacted
United States · United States Congress · 28 June 1984
Increases the public debt limit to not more than $1,573,000,000,000 outstanding at one time.
Law· HJRESH.J.Res. 606 (98th)enacted
United States · United States Congress · 26 June 1984
Designates the week of October 14 through October 21, 1984, as National Housing Week.
Bill· HJRESH.J.Res. 608 (98th)open
United States · United States Congress · 26 June 1984
Designates October 1984 as National Quality Month.
Bill· HRH.R. 5927 (98th)failed
United States · United States Congress · 26 June 1984
Increases the public debt limit to not more than $1,573,000,000,000 outstanding at one time.
Law· HJRESH.J.Res. 597 (98th)enacted
United States · United States Congress · 19 June 1984
Designates the week beginning September 2, 1984, as Youth of America Week.
Bill· HRH.R. 5726 (98th)referred
United States · United States Congress · 24 May 1984
Medicare Long-Term Care Act of 1984 - Amends Title XVIII (Medicare) of the Social Security Act to establish a voluntary program to provide long-term care benefits for aged and disabled individuals who elect to enroll under such program, financed from premium payments by enrollees together with contributions from funds appropriated by the Federal Government and contributions by States. Lists criteria for eligibility for long-term care service benefits. States that the benefits provided to an individual under this Act shall consist of: (1) home health services; (2) homemaker services; (3) nutrition services; (4) long-term institutional care services; (5) day care and foster home services; and (6) community mental health center outpatient services. Provides that the benefits provided under this Act shall not go into effect unless a State has a certified long-term care agency. Enumerates the requirements for certification of a State long-term care agency by the Secretary of Health and Human Services, including a requirement that such agency monitor the activities of each community long-term care center in the State. Provides for the payment of premiums for benefits received under this Act by individuals who elect to participate in the long-term care program. Establishes the Federal Long-Term Care Trust Fund. Creates a Board of Trustees of such Trust Fund, composed of the Secretary of the Treasury, the Secretary of Labor, and the Secretary of Health and Human Services, all ex officio. Requires a community long-term care center to: (1) provide the items and services listed in this Act to each eligible individual who resides in the area served by such center and who is certified as requiring such services; (2) evaluate and certify the long-term care needs of an individual for whom such care may be required in order to maintain such individual in an independent living arrangement which is reasonable given such individual's state of health and other circumstances (but not including such individual's economic circumstances); (3) maintain a continuous relationship with (and evaluate periodically, but not less than annually) each individual who is receiving any of the items and services listed in this Act; (4) provide full opportunity for such individual and his family to participate in the determinations and functions under this Act; (5) provide an organized system for making its existence and location known to all eligible individuals in its service area and for making known to such individuals the method or methods by which they may most efficiently obtain and use the services which it makes available; and (6) perform such other functions as the Secretary of Health and Human Services may by regulation prescribe in order to have such center most effectively carry out the purposes of this Act. Sets forth a formula by which payments to States for the reimbursement of community long-term care centers may be calculated. Directs the Secretary, after consultation with organizations representing the chief executives of the various States, and other interested parties, to develop and make available to community long-term care centers one or more methods of obtaining payment for the benefits covered under this Act on a prospective basis. States that once a community long-term care center elects a particular prospective method, it may not alter its election without the prior approval of the Secretary. Provides that whenever the Secretary finds that the number of community long-term care centers electing a particular prospective payment method promulgated in accordance with this Act is not sufficient to provide an adequate basis for either the operation or evaluation of that method, the Secretary shall withdraw that method and allow the community long-term care centers which have elected such method to select another method within 30 days of notice of such withdrawal. Permits a Governor of a State to certify to the Secretary a method of prospective payment other than those promulgated under this Act. States that the determination of whether an individual is entitled to benefits under this Act shall be made by the Secretary in accordance with regulations prescribed by the Secretary. Provides for increases in supplemental security income benefits.
Resolution· HRESH.Res. 512 (98th)open
United States · United States Congress · 24 May 1984
Sets forth the rule for the consideration of H.J. Res. 243 (Congressional budget procedure).
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