United States · United States Congress · 23 February 1977
Public Health Cigarette Smoking Act - Makes it unlawful, under the Federal Cigarette Labeling and Advertising Act, for any person to manufacture, import, or package for sale or distribution within the United States any cigarettes the package of which (1) fails to bear the required health warning statement; and (2) fails to bear a statement of the tar and nicotine content of each cigarette in such package, as determined by the Federal Trade Commission. States that it shall be unlawful for any person to disseminate or cause to be disseminated any cigarette advertisement which fails to contain the required statements and which is either disseminated by United States mails or in commerce or which is likely to induce, directly or indirectly, the purchase in, or have an effect upon, commerce of cigarettes. Requires cigarettes for export to contain the required statements in the language of the country to which such package is exported.
United States · United States Congress · 23 February 1977
Amends the Federal Food, Drug, and Cosmetic Act to include tobacco products within the definition of food as contained in such Act thereby subjecting such products to the same regulation as food under such Act.
United States · United States Congress · 23 February 1977
Requires the Congressional Record for the House of Representatives to contain an accurate and verbatim account of remarks actually delivered on the floor of the House together with supporting data. Limits revisions of verbatim remarks in the Record to the correction of grammatical and typographical errors which do not change the meaning, content, or substance of those remarks. Entitles Members to insert in the Records remarks not actually delivered on the floor. Stipulates that such insertions always be clearly distinguishable from verbatim remarks.
United States · United States Congress · 22 February 1977
Amends the Federal Aviation Act of 1958 to authorize reduced air fares on a space-available basis for persons 60 years of age or older and for handicapped individuals and their attendants. Directs the Civil Aeronautics Board to conduct a study and to report to the Congress on the feasibility and economic impact on air carriers of providing such reduced rate transportation for persons 21 years of age or younger. Authorizes air carriers operating within the State of California pursuant to authority granted by the State public utilities commission or within the State of Florida pursuant to authority granted by the Public Service Commission and which operate aircraft capable of carrying 30 or more persons to enter into agreements with other air carriers to establish joint fares, rates and services. Specifies various methods for determining the lowest such joint fare or rate which may be established.
United States · United States Congress · 16 February 1977
Amends the Foreign Assistance Act of 1961 to require the Overseas Private Investment Corporation to terminate insurance or reinsurance issued to any investor, upon a Corporation determination that such investor has offered or paid, directly or indirectly, any significant amount of money (or anything of significant value) to a foreign official to influence any decision of a foreign government.
United States · United States Congress · 9 February 1977
Energy Industry Divestiture Act - Revises the Clayton Act to make it unlawful, after a specified date, for any corporation or association affecting commerce to control mineral deposits in two or more of the following classes: (1) coal; (2) petroleum and natural gas; or (3) uranium and other fissionable minerals. Disallows such corporation or association, after a specified date, from performing two or more of the following activities: (1) owning deposits of; (2) producing; (3) transporting; or (4) marketing at retail, petroleum, petroleum products, or natural gas. Prohibits any corporation or association which, with its affiliates, produces, refines, or transports at retail a daily worldwide average of at least 1,600,000 barrels of crude oil, or the equivalent in natural gas, or products of petroleum refining, from participating in a joint venture with any other such corporation or association except with specific approval of the Attorney General. Requires any corporation or association that would be in violation of this Act, but for the specified compliance date, to submit plans to the Federal Trade Commission for compliance by such date. Prohibits any person from serving as a director, officer, or employee of two or more corporations or associations in the energy industry.
United States · United States Congress · 8 February 1977
Regulatory Agency Abolition Act - Abolishes each Federal regulatory agency three years after enactment of this Act unless prior to such date the President and Congress study the effectiveness of such agencies and Congress thereafter adopts a resolution disapproving such abolition. Provides that each regulatory agency established after the date of enactment of this Act shall be abolished three years from the date on which it was first empowered unless the President and Congress take the steps outlined above. Directs the President to submit to Congress a plan for the orderly transfer of duties essential to the public health, safety or welfare from an abolished agency to the President or to a successor agency. Provides that all orders, rules, certificates, judicial proceedings and licenses made effective by agencies abolished by this Act shall continue in effect until repealed or superceded by the President.
United States · United States Congress · 8 February 1977
Makes it unlawful for any individual or entity to solicit to enroll or enroll any member of the armed forces in any labor organization, or for any member of the armed forces to join, or encourage other members to join, any labor union. Prescribes a penalty of not more than five years imprisonment for any individual violating this Act, and a fine of not less than $25,000 nor more than $50,000 for any labor organization in violation of this Act. (Adds 10 U.S.C. 975)
United States · United States Congress · 7 February 1977
Establishes an 11-member Commission on the Humane Treatment of Animals to study the treatment of animals. Requires that the membership include zoologists, veterinarians, and representatives from humane societies. Requires the Commission to determine if animals are caused needless pain or suffering as a result of their treatment on farms and in laboratory experimentation. Requires Commission investigation into domestic pet growth rates and the effectiveness of existing laws regarding the treatment of animals. Excludes the study of the treatment of animals occurring in connection with the exercise of any religion. Directs the Commission to report its findings to the Congress and the Commission 60 days after it submits its final report. Authorizes appropriations of $750,000 per year to carry out the provisions of this Act.
United States · United States Congress · 7 February 1977
Excludes from eligibility for food stamps under the Food Stamp Act of 1964 any household whose principal wage earner is on strike for the duration of such strike. Excepts a household from this exclusion if it was participating in the food stamp program immediately prior to the start of such strike, or if any of its members is subject to an employer's lockout.
United States · United States Congress · 3 February 1977
National Conference on Learning Disabilities and Juvenile Delinquency Act - Directs the Coordinating Council on Juvenile Justice and Delinquency Prevention to organize and convene a National Conference on Learning Disabilities and Juvenile Delinquency. Directs the Conference to formulate methods of disseminating extant knowledge and the results of ongoing research related to learning disabilities and handicaps to appropriate agencies and individuals. Makes it a goal of such Conference to develop coordinated plans of cooperation among disciplines to deliver all services feasible to the learning disabled. Sets forth the procedures under which the Conference shall operate and the qualifications for membership in it. Calls for the convening of meetings related to the Conference in each State or Region in preparation for the National Conference.
United States · United States Congress · 2 February 1977
Extends the coverage for dental services provided under title XVIII (Medicare) of the Social Security Act to include any services which may be performed by a doctor of dental surgery or of dental medicine and to authorize payment under the Medicare program for all inpatient hospital services furnished in connection with dental procedures requiring hospitalization.
United States · United States Congress · 2 February 1977
Constitutional Amendment - Provides that the people of the several States, and the District of Columbia, shall elect the President and Vice President. Requires each voter to cast a single vote for two persons who shall have consented to the joining of their names as candidates for the offices of President and Vice President. Requires the voters for President and Vice President in each State to have the qualifications requisite for voters for the most numerous branch of the State legislature, except that for voters for President and Vice President, the legislature of any State may prescribe less restrictive residence qualifications and for voters for President and Vice President the Congress may establish uniform residence qualifications. Provides that the pair of persons having the greatest number of votes for President and Vice President shall be elected, if such number be at least 40 percent of the whole number of votes cast for such offices. Provides that if the choice of President and Vice President shall be made from the two pairs of persons who received the highest numbers of votes. Requires the days for such elections to be determined by Congress and to be uniform throughout the United States. Requires Congress to prescribe by law the time, place, and manner in which the results of such elections shall be ascertained and declared. Allows Congress to provide for the case of the death, inability, or withdrawal of any candidate for President or Vice President before a President and Vice President have been elected, and for the case of the death of both the President-elect and Vice President-elect.
United States · United States Congress · 1 February 1977
Young Adult Conservation Corps Act - Amends the Act which established the Youth Conservation Corps to direct the Secretaries of Agriculture and Interior to jointly extend the Youth Conservation Corps so as to make possible the year-round employment of young adults. States that individuals employed as Corps members under this Act shall be either between the ages of 18 and 24 exclusively or school dropouts who are at least age 16; shall meet applicable physical standards; shall be given preference for employment if they reside in counties in which the unemployment rate was equal to or in excess of six percent for three consecutive months; and may be employed for a total of not more than 12 months. Specifies guidelines to be followed by the Secretaries in administering this Act, including those relative to the types of jobs and projects to be given preference and the wages to be paid Corps members. Extends the program under which grants are made to States and to assist them in meeting the cost of projects for the employment of young people to develop and maintain non-Federal public lands and waters. Designates a time period during which the Secretaries are to develop a plan to carry out the activities authorized by this Act and prepare the site location, facilities, and equipment selected in such plan. Directs the Secretaries, in performing such functions, to plan for a capacity of the extended Corps to employ 100,000 young adults during the first fiscal year of operation, 300,000 during the second, 400,000 during the third, and 500,000 during the fourth.
United States · United States Congress · 31 January 1977
Diplomatic Immunities Act - Deems void any suit or judicial or administrative process against a person or the property of a person entitled to immunity under the Vienna Convention on Diplomatic Relations. Makes Presidential determinations of entitlement to immunity binding upon governmental authorities. Requires the President to publish a list of missions and personnel entitled to such immunity. Repeals the criminal penalties for wrongful suit against an immune person. Repeals exceptions to suits against servants in the service of personnel of a foreign mission. Repeals the present criteria for determining eligibility for immunity.
United States · United States Congress · 31 January 1977
Declares the support of the House of Representatives for the President's intentions (1) to proceed with a comprehensive nuclear test ban treaty, (2) to seek ratification of the SALT II agreement, and (3) to seek an agreement with the Soviet Union for major reductions in atomic weapons.
United States · United States Congress · 26 January 1977
Authorizes the Secretary of Labor, under the Occupational Safety and Health Act, to make visits to the work place of any employer, upon the request of the employer, to consult with and advise the employer concerning the obligations of the employer under such Act. Directs the Secretary to give priority to small businesses and hazardous workplaces. Stipulates that no consultative visit made under this Act may serve as an inspection or investigation as otherwise provided for by the Occupational Safety and Health Act, except: (1) in the case of an employer who fails to eliminate a danger disclosed during such a visit; or (2) if conditions are found during such a visit which indicate the probability that death or serious harm could result to employees therefrom, the Secretary may notify the employer of such conditions and afford him a reasonable time to eliminate such conditions. Prohibits the transmission of information obtained during a consultative visit to representatives of the Secretary engaged in enforcement. Directs the Secretary to establish education programs to inform employers and employees of the hazards in particular industries. Authorizes the appropriation of funds through fiscal year 1979 for the purposes of this Act.
United States · United States Congress · 26 January 1977
Truth in Government Accounting Act - Requires the Secretary of the Treasury to prepare and make public annual consolidated financial statements for all expenditures of the United States utilizing the accrual method of accounting.
United States · United States Congress · 26 January 1977
Amends the Budget and Accounting Act of 1921 to authorize the Comptroller General to request and receive all necessary documents relating to any expenditure by a Federal agency to determine whether such expenditure was, in fact, made and was authorized by law.
United States · United States Congress · 19 January 1977
Requires that whoever uses or carries a firearm during the commission of a Federal felony, or whoever is convicted by a State court of a crime punishable by a term of imprisonment exceeding one year and used or carried a firearm transported in, or affecting, interstate or foreign commerce during the commission of such crime shall, in addition to the punishment provided for the commission of such crime, be sentenced to a term of imprisonment of not less than five nor more than ten years. Requires in the case of a second or subsequent conviction the imposition of a term of imprisonment of not less than ten years, or to life imprisonment. Stipulates that the execution or imposition of any term of imprisonment under this Act (1) may not be suspended, (2) may not run concurrently; and (3) may not include probation.
United States · United States Congress · 17 January 1977
Condemns terrorist activities. Declares it the sense of the House of Representatives: (1) that terrorists should be punished; (2) that the release of Abu Daoud by France was premature and unjustified; and (3) that such release should be condemned.
United States · United States Congress · 17 January 1977
Directs the Joint Committee on the Library to procure a bronze bust or statue of Martin Luther King, Jr. and to place it in a suitable location in the Capitol.
United States · United States Congress · 14 September 1976
Amends the Internal Revenue Code to extend until January 2, 1979, specified tax provisions for veterans wounded in the Vietnam conflict and spouses of persons missing in action in the Vietnam combat zone. Provides that after such date: (1) persons classified as missing in action in the Vietnam conflict will be considered dead for purposes of computing the terms of surviving spouses; (2) pay earned while hospitalized for wounds received in the Vietnam combat zone will be included in gross income; (3) income tax will be assessed for the taxable years in which veterans die as a result of service in the Vietnam conflict; (4) spouses of persons classified as missing in action may not elect to file joint tax returns; and (5) time requirements concerning filing, paying, claiming, assessing, collecting and commencing actions regarding tax liability will resume running against spouses of persons missing in the Vietnam combat zone.
United States · United States Congress · 26 August 1976
Authorizes the President to issue a proclamation designating the week beginning October 3, 1976, and ending October 9, 1976, as "National Volunteer Firemen Week."
United States · United States Congress · 24 August 1976
Directs the House Committee on Armed Services to make a study of the murder by members of the North Korean Armed Forces serving as guards at Panmunjom of two American Army officers attached to the United Nations Command, and other recent North Korean violations of the armistice agreement. Requires the committee to transmit a report to the House containing a statement of the findings of the committee no later than January 3, 1977.
United States · United States Congress · 24 August 1976
Condemns North Korea for its continued acts of treachery culminating in the axe murders of two American officers and the wounding of five others. Directs the Speaker of the House to make known the regrets of the House to the wives and children and other survivors of Major Bonifas and Lieutenant Barrett.
United States · United States Congress · 24 August 1976
Expresses the sense of the Congress that the President should take such steps as may be necessary to place the threat to the peace created by the murder of two American Army officers attached to the United Nations Command by members of the North Korean Armed Forces serving as guards at Panmunjom, and other recent North Korean violations of the armistice agreement, on the agenda of the United Nations.
United States · United States Congress · 4 August 1976
Amends the Wild and Scenic Rivers Act to direct the Secretary of the Interior to designate a specified segment of the New River, North Carolina, as a component of the National Wild and Scenic River System upon application of the Governor of North Carolina. Prohibits the Federal Power Commission from issuing any license for any undertaking which would adversely affect such segment.
United States · United States Congress · 3 August 1976
Stipulates that mining companies or related operations which have discharged amphibole asbestos fibers into Lake Superior shall be required to pay the cost of removing such fibers from water used for human consumption, under regulations promulgated by the Secretary of the Interior. Imposes a civil penalty of up to $1,000 per day for failure to make any payment required under this Act or under regulations promulgated by the Secretary under this Act.
United States · United States Congress · 3 August 1976
Prohibits mining or related operations from discharging amphibole asbestos fibers except on land and in accordance with regulations promulgated by the Secretary of the Interior. Imposes a civil penalty of up to $1,000 per day for violations of requirements imposed under this Act.
United States · United States Congress · 20 July 1976
National Digestive Diseases Act - Directs the Secretary of Health, Education, and Welfare to establish a National Commission on Digestive Diseases. Directs the Commission to develop and recommend a long-range plan for the use of national resources to deal with digestive diseases, such plan to include provisions for: (1) research studies into the biological process related to digestive diseases; (2) investigations into the epidemiology, etiology, diagnosis, treatment, prevention, and control of such diseases; (3) development of coordinated health care systems to combat digestive diseases; and (4) education and training of scientists, clinicians, educators, and allied health professionals in fields related to digestive diseases. Directs the Commission to make a final report to Congress within 18 months of its initial meeting, such report to include the projected costs of implementing programs to combat digestive diseases, legislative recommendations, and a long-range plan for dealing with such diseases. Authorizes the appropriation of $1,500,000, without fiscal year limitation, to carry out the purposes of the Commission set forth in this Act. Directs the Secretary to establish a Coordinating Committee for Digestive Diseases to improve coordination among Federal agencies in the research, training, control, and treatment of digestive diseases.
United States · United States Congress · 20 July 1976
National Diabetes Advisory Board Act - Directs the Secretary of Health, Education, and Welfare to establish a National Diabetes Advisory Board to insure the implementation of the long-range plan formulated by the National Commission on Diabetes to combat diabetes. Specifies seven Federal health officers as members of the Board, in addition to seven health professionals and five members of the general public to be appointed by the Secretary. Makes provision for staffing and compensation. Authorizes the Board to enter into contracts or other arrangements, or to take such other action as may be necessary to carry out its functions. Authorizes the Board to engage in and sponsor activities, collect data, and provide technical assistance as it deems necessary and advisable in the performance of its functions. Requires the Board to submit simultaneously to the President and Congress an Annual Diabetes Report describing Board activities in the prior year and progress made in diabetes research, treatment, and education with specific reference to the long-range plan to combat diabetes mellitus and suggesting recommended future expenditures and legislation. Authorizes the appropriation of $500,000 for fiscal year 1976 and such sums as are necessary for each of the four fiscal years thereafter. Authorizes the Secretary to make distinguished scientist awards to individual scientists who have shown continuous and outstanding productivity in diabetes research for the purpose of continuing such research. Limits the amount of each grant to no more than $35,000 per year. Authorizes the appropriation of specified amounts for the purpose of making such grants in fiscal years 1976-1980. Authorizes, under the Public Health Service Act, the appropriation of specified sums in fiscal years 1977-1981 for the purpose of making grants to centers for research and training in diabetes mellitus and related endocrine and metabolic disorders.
United States · United States Congress · 25 June 1976
Amends the Marine Mammal Protection Act of 1972 to prohibit the issuance of permits thereunder which authorize the taking of marine mammals in connection with commercial fishing. Amends such Act to grant the Secretary of the Interior exclusive jurisdiction over such Act (presently the Secretary of the department in which the National Oceanic and Atmospheric Administration is operating has authority with respect to members of the order Cetacea and Pinnipedia).
United States · United States Congress · 24 June 1976
Amends the Internal Revenue Code to provide that for purposes of the Federal income tax the basis of property acquired from a decedent shall be the adjusted basis of the property immediately before the death of the decedent, with such further adjustments as provided for in this Act. Provides that the basis of such property shall be increased by its proportionate share of the Federal and State estate taxes attributable to the net appreciation in value of all the property. Stipulates that such increase shall not exceed the increase necessary to produce a basis equal to the fair market value of such property.
United States · United States Congress · 23 June 1976
Establishes in the House of Representatives a select committee to be known as the Select Committee on Narcotics Abuse and Control. Provides that the select committee shall conduct a continuing comprehensive study and review of the problems of narcotics abuse and control and shall review any recommendations made by the President, or by any department or agency of the executive branch of the Federal Government, relating to programs or policies affecting narcotics abuse or control. Authorizes the select committee to conduct field investigations or inspections. Requires the select committee to submit an annual report to the House which shall include a summary of the activities of the select committee during the calendar year to which such report applies.
United States · United States Congress · 9 June 1976
Joint Committee on Intelligence Operations Act - Establishes a Congressional Joint Committee on Intelligence Operations to conduct continuing oversight of, and to exercise exclusive legislative jurisdiction over, the foreign intelligence activities of: (1) the Central Intelligence Agency; (2) the Defense Intelligence Agency; (3) the National Security Agency; (4) the Bureau of Intelligence and Research; (5) Army, Navy, and Air Force Intelligence; and (6) other agencies to the extent that such agencies engage in foreign intelligence activities. Requires that the Director of Central Intelligence must keep the joint committee fully informed with respect to all foreign intelligence activities of the United States. Sets forth the administrative powers of the joint committee. Charges the joint committee with the establishment of guidelines for the classification of information originating with the joint committee. Prescribes penalties for the public release of classified materials by any congressional officer, employee of the joint committee, or former congressional officer or employee of the joint committee. Requires that no nonintelligence gathering operation, under the Foreign Assistance Act of 1961, may be conducted until 30 days after the President reports such operation to the joint committee, unless it is essential to national security that such operation begin immediately. Ceases all such operations which at any time are disapproved by the joint committee.
United States · United States Congress · 2 June 1976
Amends the Medicare program of the Social Security Act to authorize payment under the supplementary medical insurance program for specified diagnostic tests and physical examinations given for the detection of breast cancer.
United States · United States Congress · 2 June 1976
Amends the Internal Revenue Code to require the annual publication of Statistics of Income on Individual Income Tax Returns to set forth, with respect to the income tax returns of individuals which show economic incomes in excess of $200,000: (1) the number of such returns which showed no income tax for the year; and (2) the number of such returns which show a tax in an amount less than 5.8 percent of economic income.
United States · United States Congress · 25 May 1976
Grants judicial officers the power to deny pretrial release to persons charged with the commission of violent crimes if there is reason to believe that such persons would flee or pose a danger to others or the community. (Adds 18 U.S.C. 3146A; Amends 18 U.S.C. 3156a)
United States · United States Congress · 5 May 1976
Amends the Revenue Adjustment Act of 1975 to provide that the section relating to corporate income tax shall refer to provisions of the Internal Revenue Code dealing with the normal tax on corporations rather than corporations in general.
United States · United States Congress · 3 May 1976
Denies tax exempt status to an organization if a substantial part of the activities of such organization consist of carrying on propaganda, or otherwise attempting to infuluence legislation. Limits the applicability of this section to organizations that normally make expenditures for the purpose of influencing legislation in excess of the lobbying ceiling amount or in excess of the ceiling amount for such organization as determined under the Internal Revenue Code. Imposes a tax of 25 percent of the amount of any excess lobbying expenditures. Defines the lobbying nontaxable amount as the lesser of $1,000,000 or a specified percentage of exempt purpose expenditures. Prohibits any charitable contribution tax deduction for out-of-pocket expenditures made by any person on behalf of a tax-exempt organization if the expenditure is made for the purpose of influencing legislation.
United States · United States Congress · 8 April 1976
Regulatory Agency Self-Destruct Act - Provides that each Federal regulatory agency is abolished as of noon July 4, 1976, unless, prior to such date: (1) the President conducts an investigation of the agency's overall performance (including, but not limited to a study of the agency's effectiveness in accomplishing its general purposes and promoting the public welfare), makes public a report on the findings of the investigation, and recommends to the Congress that such agency or agencies should not be abolished; (2) the relevant committee or committees of the House and Senate conduct an inquiry into the performance and effectiveness of the agency or agencies and make public a report of such findings, conclusions, and recommendations; and (3) the Congress adopts a concurrent resolution disapproving the abolition of the agency or agencies. Defines "Federal regulatory agency" to mean any of the following: (1) the Civil Aeronautics Board; (2) the Federal Communications Commission; (3) the Federal Maritime Commission; (4) the Federal Power Commission; (5) the Federal Trade Commission; (6) the Interstate Commerce Commission; (7) the Securities and Exchange Commission; (8) the Consumer Product Safety Commission; and (9) the Nuclear Regulatory Commission. Provides that each Federal regulatory agency not abolished by the above procedure, or any successor agency established pursuant to this Act, shall be abolished on July 4, 1983, except that those agencies which have been in existence for 25 years or less shall be abolished on July 4, 1991, unless the President and the Congress take action as described above to disapprove such abolition. States that each regulatory agency established by the Congress on or after July 1, 1974, shall be abolished 15 years from the date on which it is first empowered to exercise its functions and duties according to the Act creating such agency unless the President and the Congress take such action as described above to disapprove such abolition. Requires that before January 2, 1976, and on or before a date six months prior to each date of abolition of an agency as specified in this Act, the President shall prepare and submit to the Congress a plan for the orderly transfer of such functions, powers, and duties, if any, as are determined by the President to be essential to the public health, safety, or welfare, from an agency, which is subject to the termination provisions of this Act, to the President or to a successor agency designated by the President. Provides that all orders, determinations, rules, regulations, permits, certificates, licenses, contracts, rates, and privileges which have been issued, made, granted, or allowed to become effective by a Federal regulatory agency abolished by this Act or by any court of competent jurisdiction, under any provision of law affected by this Act, and which are in effect at the time these provisions take effect, shall continue in effect according to their terms until modified, terminated, superseded, set aside, or repealed by the President, the head of a designated successor agency or by any court of competent jurisdiction, or by operation of law.
United States · United States Congress · 30 March 1976
Names the Veterans' Administration hospital located at 13000 North Thirtieth Street, Tampa, Florida, the "James A. Haley Veterans' Administration Hospital."
United States · United States Congress · 15 March 1976
Declares that the heating and cooling of buildings accounts for a significant portion of the consumption of oil, natural gas, coal, and electric power in interstate commerce, and that the use of solar heating and cooling equipment reduces reliance on natural resources. Prohibits State and local laws which permit the construction of buildings or other obstructions which would interfere with the amount of sunlight necessary for the operation of solar heating and cooling equipment in buildings. Declares that State and local laws which are not inconsistent with the purposes of this Act are not preempted by this Act.
United States · United States Congress · 11 March 1976
Imposes a tax, under the Internal Revenue Code, as an alternative to the income tax, minimum tax, and the capital gains tax, equal to 14 percent of the amount by which the taxpayer's economic income for the taxable year exceeds $40,000, but only if such alternative tax is greater than the tax liability under the income tax, minimum tax, and capital gains tax.
![Official portrait of Rep. Gibbons, Sam [D-FL-11]](https://www.congress.gov/img/member/g000153_200.jpg)