United States · United States Congress · 30 April 1976
Olympic Winter Games Authorization Act - Directs the Secretary of Commerce to provide grants to the Lake Placid 1980 Olympic Games, Incorporated, at such times, and under such conditions as he considers necessary and appropriate, for assisting in the planning, design, and construction of the necessary winter sports and supporting facilities in connection with the XIII international Olympic winter games. Requires the Secretary to take necessary action to assure that the facilities constructed with Federal assistance will be designed to provide maximum continued public use and benefit following the completion of the 1980 Olympic winter games. Requires the Secretary to submit interim reports to the Congress on the progress of the design and construction of facilities pursuant to this Act, together with any recommendations for further Federal Government involvement to assure a successful staging of such games. Specifies that a final report shall be submitted following completion of the 1980 games. Authorizes appropriations to the Secretary of $49,040,000 for grants and $250,000 for the administration of this Act.
United States · United States Congress · 28 April 1976
Amends the Tariff Act of 1930 to authorize the appropriation for fiscal year 1977 of $11,339,000 for operation of the International Trade Commission; limits the size of the Commission staff; and authorizes the appropriation for each year after September 30, 1976, of such sums as may be necessary for increases in staff salaries and benefits. Sets forth regulations for the election and tenure of a chairman of the Commission and administration of the Commission. Directs the Commission to submit to Congress reports with respect to synthetic organic chemical export, import, and production until January 1, 1981.
United States · United States Congress · 6 April 1976
Provides that the tax deduction, under the Internal Revenue Code, for charitable contributions of ordinary income property that is used by the donee solely for the care of the ill, the needy, or infants, which use is related to the donee's basis for tax exempt status, shall be reduced by only one-half of the amount of gain which would have been realized if the property contributed had been sold at its fair market value.
United States · United States Congress · 24 March 1976
Municipal Taxable Bond Alternative Act - Amends the Internal Revenue Code to allow a State, a possession of the United States, any political subdivision of any of the following, or the District of Columbia, to elect to issue taxable obligations, the interest of which will be included in the gross income of the recipient. Directs the Secretary of the Treasury to pay without condition or requirement 35 percent of the interest yield on each obligation for which the election of taxability has been made. Makes technical and conforming amendments.
United States · United States Congress · 23 March 1976
Authorizes the balance to the credit of an employee who is a beneficiary of an exempt trust or annuity, under the Internal Revenue Code, to be paid out within one taxable year of the employee, on account of a termination of the employee benefit plan without inclusion in the gross income of such employee if such benefit payment is transferred to an individual retirement annuity, account, or bond within 60 days. Makes technical and conforming amendments.
United States · United States Congress · 23 March 1976
Amends the Social Security Act to authorize payment under the medicare program for specified services performed by chiropractors, including x-rays and physical examinations, and related routine laboratory tests.
United States · United States Congress · 18 March 1976
Amends the Legislative Reorganization Act of 1946 to deny Members of Congress any increase in their rate of pay under any law passed, or plan or recommendation received, during a Congress unless such increase is to take effect not earlier than the first day of the next Congress. Makes such prohibition retroactive to those laws passed after June 30, 1975, and to plans and recommendations regarding pay transmitted by the President after such date.
United States · United States Congress · 18 March 1976
Constitutional Amendment - Provides that each State shall choose a number of electors of President and Vice President equal to the whole number of Senators and Representatives to which the State may be entitled in the Congress. Provides that the electors assigned to each State with its Senators shall be elected by the people thereof. States that each of the electors apportioned with its Representatives shall be elected by the people of a single- member electoral district formed by the legislature of the State. Requires that each candidate for the office of elector of President and Vice President shall file in writing under oath a declaration of the identity of the persons for whom he will vote for President and Vice President, which declaration shall be binding upon any successor to his office. Provides that the person having the greatest number of electoral votes for President shall be the President, and the person having the greatest number of electoral votes for Vice President shall be the Vice President, if such numbers are a majority of the whole number of electors chosen. States that if no person voted for as President has a majority, then from the persons having the three highest numbers of votes for President, the Senate and House of Representatives together, each member having one vote, shall choose immediately, by ballot, the President.
United States · United States Congress · 11 March 1976
Authorizes the nonrecognition of gain or loss, under the Internal Revenue Code, on the transfer of rail properties or stock or securities of a transferor railroad corporation to the Consolidated Rail Corporation pursuant to an order under the Regional Rail Reorganization Act to carry out the final system plan, in exchange solely for stock of the Consolidated Rail Corporation and certificates of value of the United States Railway Association. Prohibits the carryover of any net operating loss of a transferor corporation to the Consolidated Rail Corporation. Makes technical and conforming amendments.
United States · United States Congress · 11 March 1976
Private Sector, Part-Time Employment Act - Allows a tax credit, under the Internal Revenue Code, in an amount equal to the aggregate of 20 percent of the part-time employment expenses incurred with respect to any qualified part-time employee whose equivalent full-time salary is less than $15,000, plus 25 percent of the part-time employment expenses incurred with respect to any qualified part- time employee whose equivalent full-time annual salary is $15,000 or more. Limits the applicability of such credit to the lesser of 20 percent of the average number of employees employed by the taxpayer or the increase in the number of part-time employees employed in this taxable year over the preceding taxable year. Authorizes the carryback of such credit to each of the three taxable years preceding the unused credit year. Authorizes the carryover of such credit to each of the seven taxable years following the unused credit year. Defines the terms used in this Act. Prohibits allowance of a credit unless specified conditions are complied with.
United States · United States Congress · 11 March 1976
Provides that the tax deduction, under the Internal Revenue Code, for charitable contributions of ordinary income property that is used by the donee solely for the care of the ill, the needy, or infants, which use is related to the donee's basis for tax exempt status, shall be reduced by only one-half of the amount of gain which would have been realized if the property contributed had been sold at its fair market value.
United States · United States Congress · 9 March 1976
Provides that the tax deduction, under the Internal Revenue Code, for charitable contributions of ordinary income property that is used by the donee solely for the care of the ill, the needy, or infants, which use is related to the donee's basis for tax exempt status, shall be reduced by only one-half of the amount of gain which would have been realized if the property contributed had been sold at its fair market value.
United States · United States Congress · 4 March 1976
Requires the report of the Select Committee on Intelligence filed on January 29, 1976, be referred to the Committee on House Administration, and such Committee shall follow the procedures agreed to between the Select Committee and the President with respect to the disclosure of classified information transmitted to the select committee. States that after such procedures have been complied with, such report, as it may be altered in accordance with such procedures, shall be printed as a House document.
United States · United States Congress · 4 March 1976
Expresses the sense of Congress that the negotiations between Southern Railway and Chessie System on one hand and railway labor organizations on the other should be resumed, with the assistance of the Secretaries of Labor and Transportation.
United States · United States Congress · 2 March 1976
Amends the Internal Revenue Code to allow specified otherwise tax exempt organizations to operate a public entertainment activity in conjunction with a National, State, local, regional, or international fair or exposition without losing their tax exempt status, by excluding such public entertainment activity from the definition of the term "unrelated trade or business."
United States · United States Congress · 18 February 1976
Amends the Second Liberty Bond Act to increase the limit on the amount of Treasury bonds that may be issued at a rate in excess of 4 1/4 percent per annum.
United States · United States Congress · 17 February 1976
Stipulates that gain or loss on transfers to investment companies or partnerships functioning as investment companies shall be considered realized and recognized gain or loss for purposes of taxation under the Internal Revenue Code.
United States · United States Congress · 11 February 1976
Amends the Federal Election Campaign Act of 1974 to establish as an independent establishment of the Executive Branch the Federal Election Commission, consisting of the Secretary of the Senate (ex officio), the Clerk of the House (ex officio), and six members appointed by the President with the advice and consent of the Senate. States that more than three members appointed by the President may be affiliated with the same party. Sets members' terms at six years with one members' term expiring every year. States that members will be chosen from among individuals who are not currently elected or appointed as an officer or employee of any branch of the Government of the United States, except current members of the Federal Election Commission.
United States · United States Congress · 11 February 1976
Amends the Internal Revenue Code of 1954 to exempt missionary members of mission societies from the tax on self- employment income, and from the tax under the Federal Insurance Contributions Act. Defines the term "mission society" as used in this Act.
United States · United States Congress · 10 February 1976
Jobs Creation Incentive Act - Amends the Internal Revenue Code to allow a taxpayer to elect to take a deduction with respect to the amortization of a qualifying facility, which is located in a high unemployment area, based on a period to one-half of the useful life of the facility. Authorizes a taxpayer to elect to take a deduction with respect to the amortization of qualifying equipment placed in a qualifying facility based on a period of 60 months. Defines the term "high unemployment area" to include an area with an average unemployment rate of seven percent or more of the labor force as determined by the Secretary of Labor.
United States · United States Congress · 10 February 1976
Amends the Internal Revenue Code to provide that income to agricultural organizations derived from conducting of horse races and dog races shall not be unrelated business taxable income. Denies all deductions directly connected with such races for any taxable year.
United States · United States Congress · 5 February 1976
Regulatory Reform Act - States Congress' finding that Government economic regulation has become a burden to American business, consumers, and the economy. Requires the President to submit at least once a year for five years a plan to eliminate regulation which has led to inflationary consumer prices or a reduction of competition. Directs that each plan establish more efficient organizational and administrative forms for the regulation of commerce and include provisions necessary to modify or abolish existing agencies and functions so as to eliminate overlapping regulatory jurisdictions and anti-competitive regulations. Requires that such reformation plan be directed toward regulation in the areas of: (1) banking and finance; (2) energy and environment; (3) commerce, and transportation; (4) food, health, safety, and trade practices; and (5) labor, housing, and small business. Defines terms used in this Act. Provides for Congressional review of such plan. Provides that if Congress fails to pass any regulatory reform legislation by a specified date after the President submits his plan to the Congress, such plan shall become effective as of a specified date and all rules of any agency described in such plan shall be of no force or effect.
United States · United States Congress · 4 February 1976
Provides that no pension plan or trust which was a party to the November 26, 1975, agreement of exchange of specified bonds of the Municipal Assistance Corporation for the City of New York (M.A.C.) for outstanding short-term obligations of New York City shall be considered to fail the requirements for qualified pension, profit-sharing, and stock bonus plans under the Internal Revenue Code or to have engaged in transactions which would nullify its tax-exempt status under the Code by merely engaging in enumerated transactions including: (1) agreeing to an amendment to the exchange agreement; (2) forebearing from any act prohibited by such agreement; (3) acquiring or holding any bond or note; and (4) investing or retaining investments in order to maintain the city of New York or to protect the sources of funds for retirement plans. Requires trustees of each pension plan or trust which participates in the exchange offer to furnish a copy of the annual report filed with the New York State Insurance Department to the Secretary of the Treasury, the Chairman of the House Ways and Means Committee, and the Chairman of the Senate Finance Committee.
United States · United States Congress · 27 January 1976
Departments of Labor and Health, Education, and Welfare Appropriation Act - Title I: Department of Labor - Department of Labor Appropriation Act - Appropriates to the Department of Labor specified funds for programs administered by: (1) the Manpower Administration; (2) the Labor-Management Services Administration; (3) the Employment Standards Administration; (4) the Occupational Safety and Health Administration; (5) the Bureau of Labor Statistics and; (6) for miscellaneous departmental management expenses. Provides that no funds approriated by this Act may be used to make unemployment compensation payments to any individual who performs services in an instructional, research or principal administrative capacity for an educational institution with respect to any week commencing during the period between two successive academic years. Title II: Department of Health, Education, and Welfare - Appropriates to the Department of Health, Education, and Welfare specified funds for programs administered by: (1) the Health Services Administration; (2) the Center for Disease Control; (3) the National Institutes of Health; (4) the Alcohol, Drug Abuse, and Mental Health Administration; (5) the Health Resources Administration; (6) the Social Security Administration; (7) the Assistant Secretary for Human Development; and (8) for miscellaneous departmental management expenses. Prescribes provisions concerning the expenditure of funds appropriated by this Act. Prohibits the use of funds appropriated by this Act for the purpose of busing students or teachers to overcome racial imbalance in any school or school system. Title III: Related Agencies - Appropriates funds for: (1) Action; (2) the Community Services Administration; (3) the Federal Mediation and Conciliation Service; (4) the National Commission on Libraries and Information Science; (5) the National Labor Relations Board; (6) the National Mediation Board; (7) the Occupational Safety and Health Review Commission; (8) the Railroad Retirement Board; and (9) the Soldiers' and Airmen's Home. Title IV: General Provisions - Sets guidelines for spending sums appropriated by this Act including prohibitions against using such sums: (1) to finance any Civil Service Interagency Board of Examiners; (2) to provide loans or to pay the salary of any person working at an institution of higher education who has engaged in conduct involving the use of force or threat of force to require or prevent the availability of specified curriculum or to prevent the faculty, administrative officials, or students in an institution of higher learning from engaging in their duties or pursuing their studies at such institution; and (3) to pay for any research program involving human participants which present a danger to such participants without their informed, written consent.
United States · United States Congress · 26 January 1976
Amends the Internal Revenue Code to change the definition of an operating foundation with respect to qualifying distributions from such foundation's minimum investment return by substituting the criteria that qualifying distributions shall be three percent of the excess of the fair market value of the assets not used in the foundation's charitable activities less the acquisition indebtedness with respect to such asset. Imposes a tax on tax-exempt foundations at a rate of four percent of the net investment income of nonoperating foundations and a rate of two percent of the net investment income of operating foundations.
United States · United States Congress · 19 December 1975
Provides, under title XVIII (Medicare) of the Social Security Act, coverage for services which may be performed by a dentist on the same basis as presently allowed for physicians under the medicare program. Authorizes payment under such program for all inpatient hospital services furnished in connection with dental procedures where the severity of the individual's dental condition or his underlying medical condition and clinical status requires hospitalization.
United States · United States Congress · 18 December 1975
Revenue Adjustment and Expenditure Ceiling Act - Title I: Revenue Adjustments - Increases, under the Internal Revenue Code, the low income allowance to $2,100 in the case of a joint return or a surviving spouse, $1,700 for a single individual, and $1,050 for a married individual filing a separate return. Changes filing requirements to reflect the increase in the low income allowance. Increases the percentage standard deduction to 16 percent of adjusted gross income, but not to exceed $2,800 in the case of a joint return or surviving spouse, $2,400 for a single individual, and $1,400 for a married individual filing a separate return. Makes technical and conforming amendments relating to withholding allowances based on itemized deductions. Extends for one year, under the Tax Reduction Act, the earned income credit. Allows as a credit against taxable income the greater of: (1) two percent of the taxpayer's income not exceeding $9,000; or (2) $35 multiplied by each exemption for which the taxpayer is entitled to a deduction under exemption provisions for the taxpayer, spouse, and dependents. Prohibits such credit from exceeding the tax imposed. Provides that such credit shall reduce the tax imposed before consideration of other specified credits. Describes special application of the credit determination provisions of this Act to married individuals filing separate returns. Extends the 1975 corporate tax rates and surtax exemption to 1976. Retains, under the Tax Reduction Act, the withholding tables for wages which were in effect on December 10, 1975. Title II: Maximum Budget Outlays for Fiscal 1977 - Restricts to a ceiling of $405,000,000 the maximum budget outlays of the United States during fiscal year 1977.
United States · United States Congress · 8 December 1975
Increases the tax deduction that qualified corporations or associations may take under the Internal Revenue Code for making a charitable contribution of property provided that such property relates to the donee's tax exempt function and is used by the donee solely to provide for the care of the ill, the needy or infants.
United States · United States Congress · 13 November 1975
Expedites the holding of hearings under titles II, (Old-Age, Survivors, and Disability Insurance) XVI, (Supplemental Security Income Benefits) and XVIII (Medicare) of the Social Security Act by establishing uniform review procedures under such titles.
United States · United States Congress · 31 October 1975
Exempts, under the Internal Revenue Code, nonprofit volunteer firefighting or rescue organizations from the Federal excise taxes on gasoline, diesel fuel, and special fuels. Exempts such organization from the tax on communication services.
United States · United States Congress · 22 October 1975
Authorizes the President to issue a proclamation designating November 10, 1975, in commemoration of the two hundredth anniversary of the United States Marine Corps.
United States · United States Congress · 22 October 1975
Condemns the resolution adopted by the Third Committee of the United Nations General Assembly which equates Zionism with racism, and urges the U.N. General Assembly to disapprove such resolution.
United States · United States Congress · 20 October 1975
Allied Services Act - Title I: Human Services Planning - Authorizes the Secretary of Health, Education, and Welfare to make grants for projects for developing the allied delivery of human services (services to help families in need to achieve the highest level of personal independence and self-sufficiency) within a State. Provides for the designation of State and local agencies to administer the development program in service areas designated by the Governor of the State. Requires such local agencies to develop for the service area a local plan which is designed to serve as a demonstration or evaluation of means to substantially improve the allying and consolidation of human services planning and delivery. States that, to be approved by the State agency, such plan must also: (1) specify the agencies and organizations which have agreed to participate in the local program for the allied delivery of human services within the service area; (2) contain a survey of the needs for human services within the service area and an inventory of resources available to meet those needs; (3) enumerate the human services programs which will be allied within the service area; (4) provide reasonable assurance that the agencies and organizations participating in the local plan will make progress toward allying their provision of services; (5) describe the progress which the local agency has made in achieving the objectives specified in any preceding local plan developed by the local agency pursuant to this subsection; (6) specify procedures found adequate by the Secretary to assure that interested agencies, organizations, and individuals will have their views taken into consideration with respect to the carrying out of the local plan. Provides requirements for the approval of State plans for the allied delivery of services. Provides that if the Secretary finds, after notice to a State and adequate opportunity for the State to respond, it is failing to comply substantially with the provisions of its approved allied delivery of services plan for any fiscal year (or that any local agency designated thereunder is failing to comply substantially with the provisions of its local plan which was incorporated into such State plan), then thereafter (during such year and until there is no longer any such failure to comply) no Federal funds may be consolidated or transferred, no requirements may be waived, and no payments of grants under this Act may be made. Provides for notice to the public of allied delivery of services plans and for means to accept comments from the public thereon. Title II: Administrative Support Services - Authorizes the Secretary of Health, Education, and Welfare to make grants to States which have in effect State plans approved under this Act or through such States to local agencies which have local plans approved by such States, to assist in meeting the initial costs of allying or consolidating administrative support services and management functions necessary to facilitate the allied delivery of human services where funds to cover such costs cannot be obtained from other sources. Provides that no State, office, or agency may receive grants under this title for more than 3 years. Title III: Special Authorities - Authorizes the Secretary of Health, Education, and Welfare to make single grants for human services. Authorizes transfer of Federal assistance available for expenditure under a human services program for use in another human services program. Authorizes waiver of program requirements certified by State or local agencies to be impeding the implementation of its plan. Authorizes $20,000,000 to be appropriated to carry out the purposes of this Act for fiscal year 1976.
United States · United States Congress · 20 October 1975
National Food Stamp Reform Act - Defines "household" under the Food Stamp Act as meaning a group of individuals who are sharing common living quarters, but who are not residents of an institution or boarding house, and who have access to cooking facilities and for whom food is customarily purchased in common. Provides that the Secretary of Agriculture may not approve any plan which permits any household to simultaneously participate in both the food stamp program and the distribution of federally donated foods. Requires the Secretary to establish uniform national standards of eligibility for participation by households in the food stamp program. States that the income standards of eligibility shall be the income poverty guidelines prescribed by the Office of Management and Budget adjusted pursuant to the Economic Opportunity Act. Directs the Secretary to prescribe additional standards of eligibility which shall include, but not be limited to, the amounts of liquid and nonliquid assets. Provides that household income for purposes of the food stamp program shall be the gross income of the household less: (1) a standard deduction of $100 a month applicable to all households; (2) an additional deduction of $25 a month for any household in which there at least one member who is age sixty-five or older. Limits eligibility to participate in the food stamp program to citizens and aliens lawfully admitted for permanent residency. States that no individual shall be considered eligible for the food stamp program as a member of a household if he is: (1) over 18; (2) is enrolled at an institution of higher education; and (3) is a dependent child for income tax purposes of a taxpayer who is not a member of an eligible household. Prohibits households which transfer liquid or nonliquid assets for the purpose of qualifying for the food stamp program from becoming eligible for at least a ninety-day period. Requires the Secretary to issue photo identification cards to households certified eligible to participate in the program. States that households shall be charged thirty percent of their income for the coupon allotment issued to them. Provides that if a State agency does not comply with the provisions of the Food Stamp Act, the Secretary may refer the matter to the Attorney General with a request for an injunction, or he may direct that there be no further inssuance of coupons in the political subdivisions where such failure has occurred until such time as satisfactory corrective action has been taken. Directs the Secretary to pay to each State agency out of funds appropriated by Congress an amount equal to 75 percent of all direct costs of State food stamp program investigations, prosecutions, and State activities related to recovering losses sustained in the food stamp program. Provides for a civil money penalty of up to $10,000 for each violation of the Food Stamp Act.
United States · United States Congress · 20 October 1975
Medicare Long-Term Care Act - Establishes, under title XVIII of the Social Security Act (Medicare), 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 the States. Lists criteria for eligibility for long-term care service benefits. Provides that the benefits provided to an individual by 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. Enumerates the requirements for a State long-term care agency. Provides for the payment of premiums for benefits received under this Act. Establishes on the books of the Treasury of the United States a trust fund to be known as the Federal Long-Term Care Trust Fund. Creates a body to be known as the Board of Trustees, composed of the Secretary of the Treasury, the Secretary of Labor, and the Secretary of Health, Education, and Welfare, all ex officio. States that the Secretary of the Treasury shall be the Managing Trustee of the Board of Trustees and that the Commissioner of Social Security shall serve as the Secretary of the Board of Trustees. Provides that the Board of Trustees shall meet not less frequently than once each calendar year. Enumerates the duties of the Board of Trustees. Declares that a community long-term care center shall: (1) provide the items and services listed in this Act to each individual (i) who is eligible for benefits under this part, (ii) who resides in the area served by such center and (iii) 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 periodically evaluate 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 individuals in its service area who are eligible for benefits under this part, 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) performs such other functions as the Secretary of Health, Education, and Welfare may by regulation prescribe in order to have such center most effectively carry out the purposes of this Act. Provides a formula for payments to States for the reimbursement of community long-term care centers. 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 withn 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 him. Provides for increases in supplemental security income benefits.
United States · United States Congress · 9 October 1975
Authorizes the President to issue a proclamation designating the week in November which includes Thanksgiving Day in each year as "National Family Week."
United States · United States Congress · 8 October 1975
Permanent Tax Reduction Act - Stipulates that no provision of this Act shall take effect unless Congress passes a concurrent resolution providing for a fiscal year budget limitation of $395,000,000,000. Title I: Permanent Reductions in Individual Income Taxes - Increases the personal income tax exemption to $1000 under the Internal Revenue Code. Authorizes a standard deduction of $2,500 for married couples filing a joint return, $1,800 for an unmarried individual, and $1,250 in the case of a married individual filing a separte return. Provides for a permanent reduction in the amount of income tax imposed on married individuals, heads of households, and unmarried individuals. Revises the optional tax tables to include increases in the low-income allowance and permanent reductions in individual income taxes. Title II: Permanent Reductions in Corporate Income Taxes - Provides for a reduction in the corporate tax rates, corporate surtax, and surtax exemption. Title III: Permanent Increase in Investment Credit - Makes permanent the increase in the investment credit under the Internal Revenue Code. Title IV: Incentives for the Expansion of Electric Power Facilities - Increases to 12 percent the investment credit for property used predominantly in the trade or business of furnishing electrical energy (other than property using petroleum or natural gas as its principal fuel.) Eliminates the phase-in of qualified progress expenditure credits for specified electric utility property. Extends until January 1, 1981, the period in which pollution control facilities may qualify for the five year amortization deduction. Authorizes a 5 year amortization deduction for certified fuel conversion electric power generating facilites. Permits taxpayers meeting specified requirements set forth in the Electric Power Facility Construction Incentive Act to depreciate qualified progress expenditures for electric utility property. Sets forth limitations governing such deduction. Exempts dividend reinvestments in the common stock of public electric utilities from taxation. Provides special tax rules for dispositions of utility stocks.
United States · United States Congress · 23 September 1975
Title I: Oil Pricing Act - Extends the authority of the President to promulgate regulations providing for the mandatory allocation of crude oil, residual fuel oil and refined petroleum products until January 31, 1979. Requires such regulations to provide for a primary ceiling price for controlled old crude oil not to exceed the ceiling price for controlled old crude oil pursuant to the regulation in effect on August 31, 1975, and for a secondary ceiling price for all crude oil other than controlled old crude oil. States that if the President finds at any time after November 1, 1975, that there is no shortage of a particular oil or product, and that exempting such product from regulation will not have an adverse effect on the supply of any other oil or refined petroleum products, he may exempt such item from regulations pertaining to either allocation of amounts or specifications of price. Title II: Oil Deregulation Tax Act - Imposes an excise tax under the Internal Revenue Code on the deregulation profits from taxable domestic crude oil removed from the premises during each taxable period, in an amount equal to 90 percent of the deregulation profit from each taxable barrel of crude oil removed. Allows a tax credit for persons subject to such tax in an amount equal to the lower of 50 percent of the amount of tax imposed for such taxable period or such person's plowback investment for such taxable period. Requires the purchaser of domestic crude oil to furnish to the person liable for such tax a monthly statement showing specified information, including: (1) the amount of domestic crude oil purchased from such person during such month, and (2) the amount of taxable domestic crude oil purchased from such person during such month. Establishes criminal penalties for willful failure to furnish required information regarding the deregulation profits tax on domestic crude oil.
United States · United States Congress · 17 September 1975
Medicare Long-Term Care Act - Establishes, under title XVIII of the Social Security Act (Medicare), 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 the States. Lists criteria for eligibility for long-term care service benefits. Provides that the benefits provided to an individual by 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. Enumerates the requirements for a State long-term care agency. Provides for the payment of premiums for benefits received under this Act. Establishes on the books of the Treasury of the United States a trust fund to be known as the Federal Long-Term Care Trust Fund. Creates a body to be known as the Board of Trustees, composed of the Secretary of the Treasury, the Secretary of Labor, and the Secretary of Health, Education, and Welfare, all ex officio. States that the Secretary of the Treasury shall be the Managing Trustee of the Board of Trustees and that the Commissioner of Social Security shall serve as the Secretary of the Board of Trustees. Provides that the Board of Trustees shall meet not less frequently than once each calendar year. Enumerates the duties of the Board of Trustees. Declares that a community long-term care center shall: (1) provide the items and services listed in this Act to each individual (i) who is eligible for benefits under this part, (ii) who resides in the area served by such center and (iii) 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 periodically evaluate 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 individuals in its service area who are eligible for benefits under this part, 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) performs such other functions as the Secretary of Health, Education, and Welfare may by regulation prescribe in order to have such center most effectively carry out the purposes of this Act. Provides a formula for payments to States for the reimbursement of community long-term care centers. 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 withn 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 him. Provides for increases in supplemental security income benefits.
United States · United States Congress · 3 September 1975
Expresses the sense of Congress that the United States Government while engaged in a lessening of tensions with the People's Republic of China, do nothing to compromise continued close relations with the Republic of China.
United States · United States Congress · 1 August 1975
Title I: Modernization of Customs Procedures - Customs Modernization Act - Revises the Tariff Act of 1930: (1) to apply to any article for which the duties may be paid at a time later than the time of making entry for consumption or withdrawal from warehouse for consumption, the tariff rate in effect when the documents comprising such entry or withdrawal have been deposited with the appropriate customs officer; and (2) to apply to specified other articles the rate in effect when the articles are released from customs custody for consumption. Requires every person liable for any import duty and every importer to maintain such records as the Secretary of the Treasury shall prescribe for the protection of revenue due the United States. Sets forth the authority of the Secretary with respect to the summoning of witnesses and records in any investigation or inquiry conducted to ascertain the correctness of any entry or return, to determine the liability of any person for duty or for fines and penalties, and to insure compliance with Federal laws administered by the Department of the Treasury. Authorizes the Secretary, in conducting any such investigation or inquiry, to examine any record which may be relevant or material. Establishes penalties for the failure of a party to produce any records requested by the Secretary or a judge of the United States Customs Court or a United States district court. Establishes a procedure for holding in comtempt any person who refuses to obey a summons issued pursuant to this Act. Title II: Customs Simplification - Customs Simplification Act - Provides for the placement of required customs marks and stamps on imported alcoholic beverages by the importer of such beverages. Establishes a duty rate of ten percent of the fair retail value on goods imported for personnel use or as bona fide gifts by persons returning to the United States when the aggregate retail value of such goods does not exceed $500. Adds to the provisions governing the disposition of unclaimed merchandise, provisions for the disposition of forfeited distilled spirits, wines, and beer. Authorizes the Secretary to prescribe rules and regulations for the customs treatment of specified articles imported solely for household or personal use or as bona fide gifts and not on commission or for resale. States that any protest of a decision of a customs officer which has not been decided after two years of the filing of such protest shall be considered denied. Allows the importation of foreign- manufactured articles bearing a United States trademark when such articles are for the personal use of the importer. Authorizes customs officers to carry firearms, execute and serve search and arrest warrants, serve summonses and subpenas, and make arrests without warrant for offenses committed in an officer's presence or for offenses which he has reasonable grounds to believe were committed by the person to be arrested. Title III: Customs Brokers - Customs Brokers Act - Revises the regulations governing the licensing and operations of customs brokers. Prohibits one licensed broker from serving as the qualifying officer of more than one customs brokerage corporation, association, or partnership. Adds to the regulations governing the procedures for the revocation or suspension of the license of a customs broker the provision of a monetary penalty of up to $20,000 to be levied against a broker found to have violated the rules and regulations governing the operations of such brokers. Title IV: General Provisions - States that the finding that any provision of this Act is invalid shall not affect the validity of the remainder of the provisions of this Act.
United States · United States Congress · 31 July 1975
Congressional Public Financing Act - Adds a new subtitle to the Internal Revenue Code: the Congressional Election Campaign Fund Act. Directs the Secretary of the Treasury to maintain in the Presidential Election Campaign Fund a separate account to be known as the Congressional Election Payment Account. Directs the Secretary to deposit into the Congressional Election Payment Account that portion of the annual amounts designated by taxpayers on their income tax returns that equals the excess above 25 percent of the total amount made available in the last Presidential election. Authorizes the Federal Election Commission to conduct an examination and audit of the campaign contributions raised for purposes of obtaining matching funds and the qualified campaign expenditures made by all candidates for Federal office and official political party committees who received payments under this Act. Provides criminal penalties for violations of this Act. Provides for payments of funds in amounts matching the contributions received by candidates for the office of U.S. Senator or U.S. Representative. Imposes limitations on the amounts of such funds to be disbursed to any individual candidate, and restricts the uses to which such matching funds may be put.
United States · United States Congress · 31 July 1975
Revises the Fisherman's Protective Act by directing the Secretary of Commerce, before the close of the ninety-day period after the date of the enactment of this Act, to identify any foreign enterprise engaging in commercial whaling. States that the names of such enterprises shall be published in the Federal Register. States that it shall be unlawful for any article produced or distributed by such enterprise to be imported into the United States. Provides that such sanctions shall continue until the foreign enterprise concerned has ceased to engage in commercial whaling. Provides that any action by such an enterprise to dismantle or convert any vessel used in commercial whaling shall be deemed to be prima facie evidence that such enterprise has ceased to engage in commercial whaling. Specifies that the sanctions shall continue to apply to any such enterprise which transfers whaling equipment to another enterprise which is engaged in whaling.
United States · United States Congress · 24 July 1975
Requires, under the Rules of the House of Representatives, that meetings of the Committee on House Administration for consideration of the fixing and adjusting of allowances of Members and committees shall be open to all Members of the House. Requires any amount fixed or approved by the Committee to be approved by the Whole House.
United States · United States Congress · 15 July 1975
Exempts the production of beer for personal and household use from the excise tax imposed under the Internal Revenue Code if such beer is not for sale. Sets aggregate amounts which each household may produce annually under such exemption. Requires the Secretary of the Treasury to prescribe regulations to cover the production of beer under this Act. Sets limitations upon the amount of beer covered by this Act which may be on hand at any one time in each household. Sets forth criminal penalties for the unlawful production or removal of beer. Defines the term "brewer" for purposes of this Act.
United States · United States Congress · 26 June 1975
Requires, under the Rules of the House of Representatives, that meetings of the Committee on House Administration for consideration of the fixing and adjusting of allowances of Members and committees shall be open to all Members of the House. Requires any amount fixed or approved by the Committee to be approved by the Whole House.
United States · United States Congress · 25 June 1975
Permits the Secretary of the Treasury under the State and Local Fiscal Assistance Act to withhold a percentage of the total entitlement payment for any period to insure sufficient funds for final allocation of funds among the state and local units of government. Appropriates to the State and Local Government Fiscal Assistance Trust Funds: (1) $1,625,000,000 for fiscal year 1976, (2) $6,687,500,000 for fiscal year 1977, (3) $6,837,500,000 for fiscal year 1978, (4) $6,987,500,000 for fiscal year 1979, (5) $7,137,500,000 for fiscal year 1980, and (6) $7,287,500,000 fiscal year 1981. Appropriates to the Fund as noncontiguous States adjustments: (1) $1,195,000 for fiscal year 1976, and (2) $4,780,000 for each of the fiscal years 1976 through 1981. Exempts amounts appropriated to the Fund from the provisions of the Congressional Budget Act. Directs the Secretary of the Treasury to submit a report with appropriate recommendations to the Congress no later than September 30, 1980, concerning the extension of this title. Declares that if the entitlement of any Indian tribe or Alaskan native village is waived for any entitlement period, then the amount of such entitlement shall become part of the entitlement of the county government of the county in which such unit is located. Increases the maximum percentage points per entitlement period until it reaches 175 percent. Directs each State and local unit of government which receives funds under such Act to submit a report to the Secretary after the close of each entitlement period on the use of the funds received. Directs such unit of local government which expects to receive funds to submit a report to the Secretary on how it plans to use the funds it expects to receive. Empowers the Secretary whenever he determines that a unit of government has failed to comply with an applicable regulation to withhold all or a portion of the entitlement funds due such unit of government, to terminate the eligibility of such unit of government, and to require repayment of the entitlement funds expended. Requires units of government to provide an opportunity for citizens to give recommendations and views on the proposed expenditures of all funds within such units distributed under such Act.
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