United States · United States Congress · 17 February 1981
Refundable Investment Tax Credit Act of 1981 - Amends the Internal Revenue Code to provide for the refunding of investment tax credit amounts which exceed tax liability.
United States · United States Congress · 17 February 1981
Pollution Control Facilities Tax Incentives Act of 1981 - Amends the Internal Revenue Code to permit a taxpayer to elect a 12-month amortization period or an additional ten percent investment tax credit for pollution control facilities used in connection with a plant or other property in operation before January 1, 1971. Removes the requirement, for purposes of certification of pollution control facilities for the amortization deduction, that such facilities not increase output, extend the useful life, reduce total operating costs, or alter the production process of the plants in connection with which they are used.
United States · United States Congress · 5 February 1981
Administrative Rulemaking Reform Act - Directs a Federal agency preparing to hold a rulemaking session to make a reasonable effort to inform those likely to be affected by the proposed rulemaking. Requires the notice of rulemaking to include: (1) the projected effective date of the rules; (2) the purpose of the rulemaking; (3) the text of the proposed rules; and (4) the studies on which the agency intends to rely in the rulemaking proceedings. Requires public notice and public opportunity for comment on all rulemaking proceedings unless the agency finds that proposed rules are emergency rules or are of routine or insignificant impact. Requires Federal agencies to give interested persons at least 45 days to participate in the rulemaking. Provides for agency hearings to receive oral comments, and procedures to resolve significant controversies over factual issues. Requires each agency to maintain a public file of all relevant material and required statements for each rulemaking. Prohibits adoption of a proposed rule that has been revised substantially unless interested persons are provided an opportunity to comment on such revisions. Sets forth an expedited rulemaking procedure for rules to replace emergency rules. Directs each agency to submit a copy of each promulgated rule to each House of Congress. Declares that no rule, excluding an emergency rule, shall become effective if: (1) both Houses of Congress adopt a concurrent resolution disapproving it within 90 days of continuous session of Congress; or (2) one House adopts such a resolution within 60 such days and the other House does not disapprove such resolution within 30 days thereafter. Authorizes either House to adopt a resolution directing an agency to reconsider and repromulgate a newly promulgated rule or an existing rule within a specified period. Provides that if such agency fails to act such rule shall lapse. Directs the Administrative Conference of the United States to study and report on the effects on rulemaking of the Congressional review provisions of this Act. Authorizes appropriations for such study. Directs a court reviewing an agency rule to set aside any rule found to be unwarranted by material in the rulemaking file.
United States · United States Congress · 5 February 1981
Stipulates that the payment of retired or retainer pay which would otherwise be made to a member of the armed forces shall be paid by the Secretary concerned to another person to the extent provided for in the terms of any court decree of divorce, annulment, or legal separation.
United States · United States Congress · 5 February 1981
Amends the Merchant Marine Act, 1936, to authorize the Secretary of Commerce to make construction-differential subsidies available to United States built or documented vessels for replacement or upgrading of such vessels' existing propulsion machinery in order to improve energy efficiency. Establishes guidelines for the approval of such subsidies. Sets forth procedures for the negotiation, acceptance, and payment of such subsidies by the Secretary. Requires replacement propulsion equipment to be of United States origin except under specified circumstances. Classifies such upgraded vessel as "new" or "reconstructed" for specified purposes of such Act. Reduces the age of such vessel by ten years for purposes of the obligation to replace it under any operating- differential subsidy and capital construction fund contract or program.
United States · United States Congress · 5 February 1981
Amends the Department of Education Organization Act to terminate the Department of Education on December 31, 1982. Directs the President, within 60 days after such termination date, to submit a plan to the Congress which transfers the functions of the Department to other agencies, unless such transfer has occurred by law prior to such termination date. Prohibits the submission of any such plan which provides for or effectively creates a new Executive department. Provides that such plan shall take effect at the end of the first period of 60 calendar days of continuous session of Congress after the plan is submitted, unless before the end of such period either House passes a resolution of disapproval. Directs the President to submit another plan within 30 days after such disapproval and to continue to submit plans until a plan takes effect.
United States · United States Congress · 5 February 1981
Terminates the Department of Energy on December 31, 1982. Requires the President to submit to Congress within 60 days after termination a plan for transferring the functions of such Department to other Federal agencies. Prohibits such plan from creating a new Executive department. States that such plan shall take effect unless disapproved within 60 days by either House of Congress. Requires submission of successive reorganization plans until one is not disapproved by either House.
United States · United States Congress · 5 February 1981
Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to provide that disability insurance benefits for an individual having a terminal illness shall begin with the first month during which such individual has such illness.
United States · United States Congress · 5 February 1981
Directs the Secretary of Health and Human Services, acting through the National Institute of Arthritis, Metabolism, and Digestive Diseases, to: (1) conduct a clinical investigation of the safety and efficacy of dimethyl sulfoxide as a drug to be used by persons with arthritis; and (2) report to Congress within one year of enactment of this Act.
United States · United States Congress · 5 February 1981
Amends the Public Utility Regulatory Policies Act of 1978 to require separate metering of the electricity or natural gas used in each new building unit constructed after enactment of this Act. Authorizes the Federal Energy Regulatory Commission to bring actions against electric and gas utilities to require compliance with such requirements. Sets forth penalties for violations of such requirements.
United States · United States Congress · 5 February 1981
Amends the Internal Revenue Code to permit married individuals filing separate income tax returns an election to be taxed at rates applicable to unmarried individuals.
United States · United States Congress · 5 February 1981
First Home Financing Act of 1981 - Amends the Internal Revenue Code to allow individual taxpayers an income tax deduction for cash contributions to a savings account established for the exclusive purpose of purchasing the taxpayers' or taxpayers' child's first principal residence. Limits the aggregate amount deductible by a taxpayer to 15 percent of his adjusted gross income. Limits the dollar amount of such deduction to $2,000 per year, with a maximum lifetime deduction of $15,000. Exempts such individual housing account from income taxation. Excludes distributions from such account from the taxpayer's gross income as long as such distributions are used for the purchase of a first principal residence. Prescribes penalties for the use of housing account distributions which are used for purposes other than the purchase of a first principal residence. Directs the trustee of an individual housing account to make reports regarding such account to the Secretary of the Treasury as required. Extends the income tax deduction for contributions to an individual housing account to taxpayers who do not itemize deductions.
United States · United States Congress · 5 February 1981
Amends the Internal Revenue Code to allow individuals a nonrefundable income tax credit for 50 percent of the expenses paid or incurred to make alterations to their residences for the purpose of making such residences more accessible to, and usable by, a handicapped individual who is either the taxpayer, his spouse, or a dependent of the taxpayer. Limits the amount of such credit, for each such handicapped individual, to the lesser of $1,000 or an amount which, when added to previous year's credits, does not exceed $5,000. Reduces the amount of such credit by one-half of the amount by which the adjusted gross income of the taxpayer exceeds $20,000 ($35,000 in the case of married individuals filing jointly). Defines "handicapped individual" as any individual who has a medically identifiable mental or physical impairment which can be expected to result in death or which can be expected to last for a continuous period of at least 12 months, and which severely limits one or more of the major life activities of such individual. Requires the handicapped individual to live in the principal residence for which the alterations are made for not less than a nine month period during the taxable year.
United States · United States Congress · 5 February 1981
Requests the Securities and Exchange Commission and the Secretary of Commerce each to report to Congress on the impact on the U.S. economy of the acquisition of U.S. companies by foreign nationals.
United States · United States Congress · 4 February 1981
Amends the Housing and Community Development Act of 1980 to prohibit the Secretary of Housing and Urban Development from providing housing assistance for the benefit of any alien unless such alien is a U.S. resident and either admitted for permanent residence or lawfully present in the United States under specified conditions (including admission as an asylee or a refugee, or because his or her deportation has been withheld).
United States · United States Congress · 4 February 1981
Intelligence Agents Protection Act of 1981 - Establishes criminal penalties for anyone who knowingly and willingly discloses classified information identifying an individual engaged in foreign intelligence or counterintelligence activities for the United States Government. Establishes criminal penalties for anyone who falsely asserts, publishes, or otherwise claims that an individual is engaged in such activities. Directs the Attorney General to seek injunctive relief in a U.S. district court whenever the head of a department or agency determines a person is about to engage in such prohibited conduct. Prohibits the payment of a Federal service annuity, retired pay, or gratuitous veterans' benefits to an individual, or his survivor or beneficiary, convicted of such offenses. Directs the Attorney General to notify the Director of Office of Personnel Management and the Administrator of the Veterans' Administration of the advent and disposition of such criminal proceedings.
United States · United States Congress · 3 February 1981
Entitles Federal employees to an allowance of four cents per mile for the use of a privately owned bicycle or pedal assisted vehicle on official business.
United States · United States Congress · 2 February 1981
Amends the Internal Revenue Code to increase to $1,000 ($2,000 in the case of a joint return) the amount of interest and dividend income which may be excluded from gross income. Increases such exclusion to $5,000 ($10,000 in the case of a joint return) for individuals who are 65. Amends the Crude Oil Windfall Profit Tax Act of 1980 to repeal the termination date for such exclusion.
United States · United States Congress · 2 February 1981
Amends the program of medical and dental care for members and certain former members of the uniformed services and for their dependents to include former spouses of members of the uniformed services. Establishes length of marriage and other requirements of eligibility.
United States · United States Congress · 30 January 1981
Emergency Automobile Regulatory Relief Act of 1981 - Directs the President to require the head of each Federal agency that has authority to regulate specified aspects of the manufacture, distribution, or sale of automobiles to review and evaluate regulations affecting the automobile industry. Requires the revision or repeal of duplicative, obsolete, or inadequate regulations within 90 days of the date of enactment of this Act.
United States · United States Congress · 30 January 1981
Automotive Economic Recovery Tax Act of 1981 - Amends the Internal Revenue Code to allow individual taxpayers a nonrefundable income tax credit for the purchase of new passenger automobiles which were manufactured by companies whose average fuel economy rating for such automobiles in model year 1979 equaled or exceeded 120 percent of their rating for model year 1974. Limits the amount of such credit to $500. Allows an income tax credit for 50 percent of the interest paid on a loan used for such purchase. Limits such credit to $400. Requires the taxpayer to elect to take such credit in lieu of an interest deduction. Permits taxpayers to elect to reduce useful life by 25 percent for depreciation of certain automobile manufacturing equipment. Allows taxpayers to treat the cost of automobile manufacturing equipment as a deductible business expense if such equipment has a useful life of less than three years. Extends from three to seven years the carryback period for the net operating loss deduction and the investment tax credit for manufacturers of automobiles, automobile parts, and automobile manufacturing equipment.
United States · United States Congress · 29 January 1981
Expresses the sense of the Congress that the Board of Governors of the Federal Reserve System should reverse its present policy of adjusting the discount rate to cause increased interest rates and should instead pursue a policy of stable interest rates at lower affordable levels.
United States · United States Congress · 28 January 1981
Amends the Clean Air Act to prohibit the Administrator of the Environmental Protection Agency from requiring that State implementation plans for meeting the national primary ambient air quality standard provide for periodic inspection and testing of motor vehicles before January 1, 1986. Authorizes the Administrator to require separate testing of each new motor vehicle for compliance with emission standards before sale by the manufacturer.
United States · United States Congress · 28 January 1981
Amends part A (Aid to Families with Dependent Children) of title IV of the Social Security Act to reduce from six to three the age of a child at which the mother or other caretaker relative must register for the Work Incentive Program (part C of title Iv) in order to be eligible for AFDC.
United States · United States Congress · 28 January 1981
Amends rule X of the Rules of the House of Representatives to establish the Committee on Internal Security with jurisdiction over communist, terrorist, and other subversive activities. Removes such jurisdiction from the Judiciary Committee. Transfers to the Internal Security Committee all of its property under the control of the Judiciary Committee or any other government agency.
United States · United States Congress · 27 January 1981
Directs the Postal Service to submit to Congress (rather than to the Postal Rate Commission) any proposed change in the nature of postal service which would have nationwide impact. Requires any statement of proposed change so submitted to include an estimate of the impact of such change upon the public, business mail users, service levels and postal finances. Provides that no proposed change shall become effective if either House of Congress adopts a resolution disapproving it within 60 days after it is submitted to Congress.
United States · United States Congress · 27 January 1981
Amends the Internal Revenue Code to provide that the maximum reduction (currently $500,000) in valuation under the special estate tax valuation for certain farm and small business real property shall be increased annually between 1981 and 1985 by $100,000 each year plus an inflation adjustment amount.
United States · United States Congress · 27 January 1981
Amends the Internal Revenue Code to increase the unified credit against the estate and gift tax from $47,000 to $155,800 by specified annual increments through 1985. Provides for a yearly inflation adjustment of the amount of such credit.
United States · United States Congress · 27 January 1981
Repeals the Davis-Bacon Act, which requires the rate of wages for workers employed on public buildings by contractors to be based upon the prevailing wages for corresponding classes of workers employed on similar projects in the same area.
United States · United States Congress · 27 January 1981
Amends the Internal Revenue Code to extend the business expense deduction to any trade or business conducted in the home of the taxpayer. Eliminates the restrictions on the deductibility of expenses relating to the rental of a residence to a family member. Permits a taxpayer to make repairs on rental properties on a full-time basis without being treated as using such properties for personal purposes.
United States · United States Congress · 22 January 1981
Amends the Internal Revenue Code to allow income tax deductions related to the rental of a residence to a family member of the taxpayer if such family member pays a fair rental and uses such residence as the principal place of residence.
United States · United States Congress · 22 January 1981
Prisoner of War Health-Care Benefits Act of 1981 - Authorizes the Administrator of Veterans' Affairs to establish an advisory committee to assess new medical and other information on former prisoners of war (POW's). Requires that such committee include former POW's of World War II, the Korean conflict, and the Vietnam era and individuals who are recognized authorities in certain fields of medicine. Directs the committee to submit a biennial report to the Administrator on its activities. Reduces from six months to 60 days the internment period after which it may be presumed that a POW has suffered certain diseases. Makes POW's with the disease of psychosis manifest to a degree of ten percent presumptively eligible for wartime disability benefits (presently such psychosis must have occurred within two years of separation from service). Entitles POW's of not less than 60 days' internment during World War I, World War II, the Korean conflict, or the Vietnam era to hospital, nursing home, and domiciliary care benefits. Directs the Administrator to prescribe regulations and furnish medical services for any disability on an outpatient or ambulatory basis to such POW's. Includes veterans held in captive status due to the seizure of the United States Embassy in Iran among those veterans eligible for educational assistance.
United States · United States Congress · 22 January 1981
Capital Cost Recovery Act of 1981 - Amends the Internal Revenue Code to revise the method for determining useful lives of business assets for purposes of computing allowable depreciation deductions. Replaces the asset depreciation range (ADR) method with a schedule of capital cost recovery periods for three classes of business property. Establishes capital cost recovery periods for the following classes of business property: (1) buildings and their structural components, ten years; (2) tangible property, five years; and (3) automobiles, taxis, and light-duty trucks (up to $100,000), three years. Permits calculation of the investment tax credit for such property without regard to the useful life of the property. Requires the recapture of depreciation amounts and investment tax credit amounts applicable to assets which are sold or otherwise disposed of prior to the expiration of the capital cost recovery period. Permits a taxpayer to deduct less than the full allowance for capital cost recovery in any taxable year. Permits a carryover to succeeding taxable years of any unused depreciation amounts. Disqualifies capital cost recovery property from the allowance for first year depreciation. Treats amounts claimed as the capital cost recovery of noncorporate lessors as an item of tax preference for purposes of the minimum tax. Adopts as an accounting practice the "half year convention" under which investments eligible for capital cost recovery treatment or the investment tax credit which are made at any time during the taxable year are deemed to be made in the middle of such year.
United States · United States Congress · 22 January 1981
Modifies the termination date for veterans eligible for educational assistance to December 31, 1989, or five years after discharge or release from active duty, whichever is later.
United States · United States Congress · 22 January 1981
Repeals the Davis-Bacon Act, which requires the rate of wages for workers employed on public buildings by contractors to be based upon the prevailing wages for corresponding classes of workers employed on similar projects in the same area.