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Official portrait of Rep. Moorhead, Carlos J. [R-CA-22]

Rep. Moorhead, Carlos J. [R-CA-22]

United States · Official source

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2,834 records where Rep. Moorhead, Carlos J. [R-CA-22] is listed as a sponsor, author, or other actor. Search with topics and years

Bill· HRH.R. 654 (97th)open

A bill relating to tax treatment of qualified dividend reinvestment plans.

United States · United States Congress · 5 January 1981

Amends the Internal Revenue Code to exclude from gross income a corporate stock distribution to a stockholder based upon the reinvestment of stock dividends in the corporation by such stockholder pursuant to his election to participate in a qualified dividend reinvestment plan, as defined in this Act. Limits the amount of such exclusion to $1,500 per year. Establishes a rebuttable presumption that a distribution made by a corporation which purchases its common stock within one year of such distribution shall not be deemed a distribution pursuant to a qualified dividend reinvestment plan.

Bill· HRH.R. 621 (97th)referred

Irrigation Water Conservation Tax Act of 1981

United States · United States Congress · 5 January 1981

Irrigation Water Conservation Tax Act of 1981 - Amends the Internal Revenue Code to provide an additional ten percent investment tax credit for equipment which conserves farm irrigation water and an election to depreciate such equipment based on a useful life of three years.

Bill· HRH.R. 316 (97th)open

Limitation on Government Recordkeeping Requirements and Actions Act of 1981

United States · United States Congress · 5 January 1981

Limitation on Government Recordkeeping Requirements and Actions Act of 1981 - Prohibits any Federal agency from: (1) requiring any person to maintain, prepare, or produce records (other than records relating to a dangerous material) of an event more than four years after the event has occurred; and (2) commencing an action against a person for a violation of a regulation more than four years after such violation has occurred, except as otherwise provided by the Internal Revenue Code.

Bill· HRH.R. 383 (97th)referred

A bill to amend title 5 of the United States Code to establish a uniform procedure for congressional review of agency rules which may be contrary to law or inconsistent with congressional intent, to expand opportunities for public involvement in agency rulemaking, and for other purposes.

United States · United States Congress · 5 January 1981

Amends the Administrative Procedure Act to require each Federal agency to submit a copy of its promulgated rules to the Secretary of the Senate and the Clerk of the House of Representatives. Provides a 60-day period for Congress to review such a rule. Prohibits any rule (with specified exceptions, including limited duration, emergency rules) from taking effect if either House of Congress adopts a resolution disapproving it within such period. Sets forth House and Senate procedures for consideration of such a resolution. Prohibits an agency from promulgating a rule identical to a disapproved rule unless a statute is adopted which affects the agency's authority in the subject area of the rule. Requires an agency to provide a period of at least 60 days after the general notice of proposed rulemaking for public comment.

Bill· HRH.R. 247 (97th)open

Anti Inflation Tax Act of 1981

United States · United States Congress · 5 January 1981

Anti-Inflation Tax Act of 1981 - Amends the Internal Revenue Code to require annual cost of living adjustments, based on the Consumer Price Index, to individual income tax rates, the personal tax exemption, withholding requirements, and minimum income tax return amounts.

Bill· HRH.R. 226 (97th)open

A bill to amend the Internal Revenue Code of 1954 to allow a deduction from gross income for social agency, legal, and related expenses incurred in connection with the adoption of a child by the taxpayer.

United States · United States Congress · 5 January 1981

Amends the Internal Revenue Code to permit an income tax deduction from gross income for fees, court costs, attorney's fees, and other necessary expenses incurred in the adoption of a child. Limits the amount of such deduction to $1,250 for a taxable year.

Law· HRH.R. 4 (97th)enacted

Intelligence Identities Protection Act of 1982

United States · United States Congress · 5 January 1981

Intelligence Identities Protection Act - Amends the National Security Act of 1947 to establish criminal penalties for any person who knowingly discloses information which identifies a U.S. covert intelligence agent. Establishes a maximum penalty of ten years' imprisonment and/or a $50,000 fine for any person who, having had authorized access to classified information which identifies a covert agent, intentionally discloses such information. Establishes a maximum penalty of five years' imprisonment and/or a $25,000 fine for any person who, having had authorized access to classified information, learns the identity of a covert agent and intentionally discloses such information. Establishes a maximum penalty of three years' imprisonment and/or a $15,000 fine for any person who, in the course of an effort to identify covert agents "with intent to impair" U.S. foreign intelligence activities, discloses information identifying an agent. Directs the President to establish procedures requiring Federal agencies to provide assistance in concealing the identity of U.S. intelligence agents.

Bill· HJRESH.J.Res. 55 (97th)open

A joint resolution proposing an amendment to the Constitution of the United States to provide that appropriations made by the United States shall not exceed its revenues, except in time of war or national emergency.

United States · United States Congress · 5 January 1981

Constitutional Amendment - Prohibits total Federal expenditures from exceeding total revenues. Authorizes the suspension of such prohibition in time of war or national emergency by a concurrent resolution which has passed each House of Congress by an affirmative vote of at least two-thirds of its authorized membership.

Bill· HRH.R. 8380 (96th)referred

A bill to amend title 38 of the United States Code to make certain veterans entitled to wartime disability compensation for disabilities and diseases caused by or attributable to exposure to atomic or nuclear radiation during their period of active service.

United States · United States Congress · 21 November 1980

Entitles veterans to wartime disability compensation for disabilities or diseases attributable to exposure to atomic or nuclear radiation during active service at the Nevada Test Site and specified sites in the Trust Territory of the Pacific Islands from June 30, 1945, to December 12, 1962.

Bill· HRH.R. 8288 (96th)referred

A bill to amend the National Flood Insurance Act of 1968 for the purpose of providing insurance with respect to damage caused by flood-related landslides, and for other purposes.

United States · United States Congress · 2 October 1980

Amends the National Flood Insurance Act of 1968 to include insurance coverage for damage caused by flood-related landslides. Directs the Federal Insurance Administrator to study and report to Congress on the feasibility of insuring property which is located outside of, but on the same real estate lot as, a currently insured residential structure. Directs the Secretary of Housing and Urban Development to pay to any person who, during a specified period prior to enactment of this Act, incurred property damage caused by a flood-related landslide an amount equal to the amount payable if such damage had been covered by such insurance.

Law· HRH.R. 8178 (96th)open

Federal District Court Organization Act of 1980

United States · United States Congress · 22 September 1980

Federal District Court Organization Act of 1980 - Provides that the Court for the Central Judicial District of California shall be held at Santa Ana, in addition to Los Angeles as currently provided. Transfers the counties of Fremont and Page from the Southern to the Western Division of the Southern Judicial District of Iowa. Transfers the counties of Audrain and Montgomery from the Eastern to the Northern Division of the Eastern Judicial District of Missouri. Places within the Eastern Judicial District of North Carolina that portion of Durham County encompassing the Federal Correctional Institution in Butner, North Carolina. Transfers the counties of Alleghany, Ashe, Watauga, and Wilkes from the Middle to the Western Judicial District of North Carolina. Establishes a Lufkin Division in the Eastern Judicial District of Texas.

Bill· HRH.R. 8121 (96th)referred

Strategic Petroleum Reserve Management Improvement Act of 1980

United States · United States Congress · 16 September 1980

Strategic Petroleum Reserve Management Improvement Act of 1980 - Amends the Energy Policy and Conservation Act to establish a nonprofit corporation, the Strategic Petroleum Reserve Corporation, to exercise authority over the Reserve (currently exercised by the Strategic Petroleum Reserve Office). Requires the Corporation to have a Board of Directors. Applies specified provisions of the Department of Energy Organization Act to the Corporation, the Board, and its officers and employees. Directs the President of the Corporation to conduct a study and report to Congress on financing the acquisition of crude oil for storage in the Strategic Petroleum Reserve by methods other than directly purchasing crude oil with appropriated funds. Sets forth elements to be included in such study. Terminates all authority for the Strategic Petroleum Reserve and any regulation issued pursuant to such authority on September 30, 2000. Repeals references to the Early Storage Reserve Plan. Declares that the Strategic Petroleum Reserve Plan shall store a specified amount of crude oil by December 31, 1987.

Bill· HRH.R. 8120 (96th)referred

A bill to amend the Internal Revenue Code of 1954 to provide that certain rentals to members of the taxpayer's family will not be treated as personal use by the taxpayer for purposes of the disallowance of certain expenses in connection with the business use of homes, rental of vacation homes, etc.

United States · United States Congress · 16 September 1980

Amends the Internal Revenue Code to allow an income tax deduction for certain expenses incurred in the rental of a dwelling unit as a residence to a member of the taxpayer's family.

Bill· HRH.R. 8092 (96th)referred

A bill to amend the Internal Revenue Code of 1954 to repeal the "Family Rental Tax".

United States · United States Congress · 9 September 1980

Amends the Internal Revenue Code to allow an income tax deduction for expenses incurred in the rental of a dwelling unit as a residence to a member of the taxpayer's family. Provides that this Act shall apply to taxable years beginning after December 31, 1975.

Resolution· HCONRESH.Con.Res. 409 (96th)referred

A concurrent resolution expressing the deep concern of the Congress about the deprivation by the Soviet Union of the right of Christians to freedom of religion and, in particular, about the situation of the seven Pentecostals now living in the United States Embassy in Moscow, and their families.

United States · United States Congress · 21 August 1980

Expresses the sense of Congress that the President should convey congressional concern about the deprivation of the rights of Christians by the Soviet Union, particularly the Pentecostals living in the U.S. Embassy in Moscow. Directs the President to report to Congress on the prospects for religious freedom in the Soviet Union.

Bill· HRH.R. 7974 (96th)passed

Judicial Councils Reform and Judicial Conduct and Disability Act of 1980

United States · United States Congress · 20 August 1980

Judicial Councils Reform and Judicial Conduct and Disability Act of 1980 - Sets forth rules governing the composition and duties of the judicial councils of the circuit courts. Provides that a council shall consist of: (1) the chief judge of the court of appeals for the circuit; (2) up to seven appellate court judges in active service (chosen by seniority by majority vote of all such judges); and (3) an equal number of district court judges of the circuit in active service (chosen by seniority). Authorizes a council to hold hearings, and to compel the appearance of witnesses and the production of documents in the performance of its duties. Allows any person to file with the clerk of the court of appeals a written complaint against a judge of the court of appeals, a district court or a bankruptcy court, or a magistrate, alleging that such judge or magistrate: (1) has engaged in conduct prejudicial to the effective and expeditious administration of the business of the courts; or (2) is unable to discharge all the duties of office because of mental or physical disability. Directs the clerk to transmit such complaint to the chief judge of the court of appeals for the circuit and a copy to the judge affected. Authorizes the chief judge to: (1) dismiss the complaint upon a finding that it relates to the merits of a decision or is frivolous; or (2) close the complaint upon finding that appropriate corrective action has been taken. Directs a chief judge who does not enter such an order to appoint a special committee consisting of himself or herself and equal numbers of appellate and district court judges to investigate the complaint and file a comprehensive report with the judicial council which includes recommendations for appropriate action. Authorizes the judicial council upon receipt of such a report to: (1) conduct additional investigation; (2) take appropriate action to assure the effective and expeditious administration of the business of the courts within the circuit; or (3) refer the complaint and its recommendations for actions to the Judicial Conference of the United States. Includes among the actions which the council may take: (1) certifying disability in accordance with current law; (2) requesting voluntary retirement; (3) ordering that the assignment of cases be temporarily suspended for a time certain; (4) censuring or reprimanding the judge or magistrate by private communication or public announcement; or (5) ordering other action appropriate under the circumstances. Stipulates that the council may not order the removal from office of any judge appointed for good behavior. Directs the judicial council to certify to the Judicial Conference a determination that a judge has engaged in conduct which: (1) might constitute grounds for impeachment under the Constitution; or (2) in the interest of justice is not amenable to resolution by the council. Directs the Judicial Conference to: (1) take appropriate action by majority vote; or (2) certify and transmit the record of the proceedings to the House of Representatives if it occurs in the council's determination that impeachment may be warranted. Allows a complainant aggrieved by a final order of the chief judge to petition the judicial council for review. Allows a judge aggrieved by an action of the judicial council to petition the the Judicial Conference for review. Provides that all orders and determinations shall be final and conclusive. Directs each judicial council to prescribe rules for the conduct of proceedings under this Act. Directs the Court of Claims, the Court of Customs and Patent Appeals, and the Customs Court to each establish procedures for the filing of complaints with respect to the conduct of any judge of such court. Requires the Judicial Conference to make a comprehensive survey of the condition of business in the Federal courts and prepare plans for assignment of judges where necessary. Requires the Director of the Administrative Office of the U.S. Courts to include in the annual report to Congress a summary of complaints and actions taken under this Act. Authorizes necessary appropriations to carry out this Act.

Resolution· HCONRESH.Con.Res. 405 (96th)referred

A concurrent resolution expressing the sense of the Congress with respect to the prompt deportation or removal from the United States of aliens who have engaged in unlawful or disorderly activities in the United States.

United States · United States Congress · 20 August 1980

Expresses the sense of the Congress that aliens who engage in unlawful or disorderly activities in the United States should be promptly deported in accordance with provisions of the Immigration and Nationality Act.

Resolution· HCONRESH.Con.Res. 406 (96th)referred

A concurrent resolution expressing the sense of the Congress that the people of the Polish People's Republic should be permitted by other nations to settle their internal affairs by themselves without external intervention.

United States · United States Congress · 20 August 1980

Declares that the people of Poland should be allowed to settle their own affairs, including the formation of independent trade unions and the right to strike, without foreign interference.

Bill· HJRESH.J.Res. 593 (96th)referred

A joint resolution honoring Mexican Americans for their cultural contributions to the State of California and joining with the California State Assembly in recognizing August 24, 1980 as "DIA DE MEXICANOS AMERICANOS" in California.

United States · United States Congress · 1 August 1980

Declares that the California delegation to the Congress joins with the California State Assembly in recognizing August 24, 1980, as "Dia de Mexicanos Americanos" in honor of the cultural contributions of Mexican Americans in that State.

Resolution· HRESH.Res. 745 (96th)passed

A resolution of inquiry in the matter of Billy Carter.

United States · United States Congress · 22 July 1980

Directs the President to furnish the House of Representatives with information concerning White House and Justice Department actions with regard to Billy Carter's involvement with Libya.

Bill· HRH.R. 7773 (96th)referred

Petroleum Displacement Act of 1980

United States · United States Congress · 21 July 1980

Petroleum Displacement Act of 1980 - Amends the Powerplant and Industrial Fuel Use Act of 1978 to repeal certain prohibitions and limitations on the use of natural gas as a primary energy source in electric powerplants. Repeals the authority of the Secretary of Energy to prohibit the use of petroleum or natural gas or both as a primary energy source in electric powerplants where coal or alternate fuel capability exists. Makes certain technical and conforming amendments.

Resolution· HRESH.Res. 744 (96th)referred

A resolution expressing the sense of the House of Representatives regarding certain aspects of the model adoption legislation and procedures which the Secretary of Health and Human Services is required to issue under the Child Abuse Prevention and Treatment and Adoption Reform Act of 1978.

United States · United States Congress · 21 July 1980

Expresses the sense of the House of Representatives that the Secretary of Health and Human Services shall not approve any portion of the Model State Adoption Act and Procedures prepared under the Child Abuse Prevention and Treatment and Adoption Reform Act of 1978 which: (1) confers upon all biological fathers of children born out of wedlock, without distinction, the right to veto adoption of the child upon mere proof of paternity; (2) sets less stringent standards for the placement of children by unlicensed intermediaries than by licensed child-placing agencies; (3) gives parents the right to revoke relinquishments which have not been obtained through fraud, duress, or undue influence; (4) requires automatic opening, at the request of an adult adoptee, of confidential birth records, court records, and adoption agency records; and (5) requires agencies to notify adult adoptees that a birth parent desires to meet the adoptee even if the adoptee has not expressed a desire to meet with his or her birth parents.

Bill· HRH.R. 7730 (96th)referred

Tax Rate Reduction Act of 1980

United States · United States Congress · 2 July 1980

Tax Rate Reduction Act of 1980 - Title I: Individual Tax Rates - Amends the Internal Revenue Code to reduce individual income tax rates for calendar years 1981 through 1985, and permanently thereafter. Title II: Inflation Adjustments for Taxable Years Beginning After 1985 - Requires annual cost of living adjustments to income levels in each income tax bracket, beginning in calendar year 1985. Requires similar cost of living adjustments to the $1,000 personal tax exemption. Increases the minimum income levels at which a taxpayer is required to file an income tax return by providing that such levels shall be equal to the taxpayer's income tax exemption and zero bracket amount, adjusted for inflation.

Bill· HRH.R. 7655 (96th)referred

Tax Reduction-Job Creation Act

United States · United States Congress · 25 June 1980

Tax Reduction - Job Creation Act - Title I: Individual Tax Rates - Amends the Internal Revenue Code to reduce income tax rates for each category of individual taxpayers. Title II: Incentives for New Plant and Equipment - 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. Allows a ten percent investment tax credit for buildings and tangible property, and a six percent credit for automobiles, taxis, and light duty trucks. 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 taxpayers 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.

Bill· HRH.R. 7611 (96th)referred

A bill to provide that receipts and disbursements of the Airport and Airway Trust Fund shall not be included in the budget of the United States Government.

United States · United States Congress · 18 June 1980

Prohibits the receipts and disbursements of the Airport and Airway Trust Fund and any amount in such Trust Fund from being included in the totals of the budget of the United States Government. Exempts such receipts, disbursements, and amounts from any general limitations imposed on budget outlays of the United States.

Resolution· HRESH.Res. 704 (96th)referred

A resolution expressing the sense of the House of Representatives that the President instruct the Attorney General to prosecute to the fullest extent of the law any and all persons who are in violation of the Logan Act and the prohibition on travel to Iran, provided for under the authority of the International Emergency Economic Powers Act.

United States · United States Congress · 10 June 1980

Expresses the sense of the Senate that the President instruct the Attorney General to prosecute all persons who violate the Logan Act and the executive order prohibiting travel to Iran, thereby giving color of right to illegal actions by the Government of Iran.

Bill· HJRESH.J.Res. 564 (96th)referred

A joint resolution congratulating the Order of the Sons of Italy in America for their seventy-fifth anniversary and wishing the Order of the Sons of Italy in America success in future years and proclaiming June 22, 1980, as "National Italian-American Day".

United States · United States Congress · 9 June 1980

Extends the congratulations of the Congress to the Order of the Sons of Italy in America for their 75th anniversary. Proclaims Sunday, June 22, 1980, as "National Italian-American Day."

Bill· HRH.R. 7506 (96th)referred

Limitation on Government Recordkeeping Requirements and Actions Act of 1980

United States · United States Congress · 5 June 1980

Limitation on Government Recordkeeping Requirements and Actions Act of 1980 - Prohibits any Federal agency from: (1) requiring any person to maintain, prepare, or produce any record (other than a record relating to a dangerous material) of an event after four years have expired since the event occurred; and (2) commencing an action against a person who violated a regulation if four years or more have expired since such violation occurred, except as otherwise provided by the Internal Revenue Code or a regulation promulgated thereunder.

Resolution· HRESH.Res. 693 (96th)passed

A resolution expressing the sense of the House of Representatives with respect to the policy of the Standing Committee on Federal Judiciary of the American Bar Association and the United States Department of Justice pertaining to potential nominees for lifetime Federal judgeships who, but for their age, might otherwise be found qualified.

United States · United States Congress · 3 June 1980

Expresses the sense of the House of Representatives that the Standing Committee on Federal Judiciary of the American Bar Association and the Attorney General take all measures necessary to end discrimination against potential lifetime Federal judges who do not qualify solely as a result of age barriers.

Resolution· HCONRESH.Con.Res. 331 (96th)referred

A concurrent resolution to authorize participation in an inter-parliamentary meeting between delegates from the Congress of the United States and the Parliament of the Islamic Republic of Iran to discuss matters of concern to the people of both nations, including, but not limited to, the steps necessary to bring about the release of American diplomatic personnel and others detained by militant elements within the country of Iran.

United States · United States Congress · 7 May 1980

Directs specified congressional leaders to designate delegates to participate in an interparliamentary meeting with delegates from the Iranian Parliament to discuss matters of mutual concern, including the release of the hostages in Iran.

Bill· HRH.R. 7240 (96th)referred

Urban Jobs and Enterprise Zone Act of 1980

United States · United States Congress · 1 May 1980

Urban Jobs and Enterprise Zone Act of 1980 - Title I: Designation of Private Jobs and Enterprise Zones - Amends the Internal Revenue Code to provide for the designation of private jobs and enterprise zones by local governments, subject to the approval of the Secretary of Commerce, for purposes of extending the tax incentives provided by title II of this Act to employers and employees within designated zones. Specifies that the Secretary may only approve the designation of such zones if: (1) the area is within the jurisdiction of the designating local government; (2) the boundary of the area is continuous; (3) the area has a population of at least 4,000; and (4) the area meets specified unemployment and poverty requirements. Requires designating local governments, as a condition of the Secretary's approval, to effect a permanent real property tax reduction in their respective jurisdictions, which is not less than 20 percent of the current effective rate. Expresses the sense of the Congress that in the case of any application for designation of an area in a private jobs and enterprise zone as a foreign trade zone: (1) the Foreign-Trade Zone Board should expedite the application process; (2) the Board, in evaluating such application, should consider not only the current economic conditions within the zone, but also future development to be expected as a result of the incentives provided by this Act; and (3) the Board should provide technical assistance to the applicants. Title II: Tax Incentives - Amends the Internal Revenue Code to reduce social security payroll taxes in designated private jobs and enterprise zones. Reduces the rate of tax on the capital gains of individuals and corporations in such zones. Exempts gain from the sale or exchange of property used in a business in a private jobs and enterprise zone from the computation of the minimum tax. Reduces the rate of tax on the income of corporations whose workforce comprises at least 50 percent of individuals working in a private jobs and enterprise zone (qualifying businesses). Authorizes accelerated depreciation for qualifying businesses (straight line method based on a three year useful life). Limits the basis for depreciation to $500,000. Permits qualifying businesses to elect to use a cash method of accounting if their gross receipts do not exceed $1,500,000 in any prior taxable year. Allows a ten year carryover of net operating losses for qualifying businesses. Title III: Effective Dates - Specifies effective dates for provisions of this Act which apply to income tax and for provisions which apply to social security payroll taxes.

Bill· HRH.R. 7211 (96th)referred

A bill to amend the Internal Revenue Code of 1954 to provide more equitable treatment of royalty owners under the crude oil windfall profit tax.

United States · United States Congress · 29 April 1980

Amends the Internal Revenue Code to exempt a certain portion of royalty owner oil production from the windfall profit tax. Limits the amount so exempted per quarter to ten barrels per day. Requires proportionate allocation of any production in excess of ten barrels per day between tier 1 oil, tier 2, and tier 3 oil, and within any tier on the basis of removal prices. Requires allocation of the ten barrel amount among royalty owners who are members of the same related group.

Bill· HRH.R. 7170 (96th)referred

A bill to amend the Internal Revenue Code of 1954 to allow estates required to file estate tax returns before July 13, 1978, to elect the valuation of certain farm, etc., real property under section 2032A of such Code within 90 days after final regulations are adopted under such section.

United States · United States Congress · 24 April 1980

Amends the Internal Revenue Code to allow estates required to file estate tax returns before July 13, 1978, to elect the valuation of certain farm and other real property within 90 days after the later of: (1) the date of the enactment of this Act; or (2) the earliest date on which all necessary relevant regulations become final. Defines a "necessary regulation" as a regulation necessary in order for the executor to make a reasoned evaluation of whether or not to make such an election. Applies the provisions of this Act to estates of decedents dying after December 31, 1976.

Bill· HRH.R. 7127 (96th)referred

A bill to amend the Internal Revenue Code of 1954 to provide more equitable treatment of royalty owners under the crude oil windfall profit tax.

United States · United States Congress · 22 April 1980

Amends the Internal Revenue Code to exempt a certain portion of royalty owner oil production from the windfall profit tax. Limits the amount so exempted per quarter to ten barrels per day. Requires proportionate allocation of any production in excess of ten barrels per day between tier 1 oil, tier 2, and tier 3 oil, and within any tier on the basis of removal prices. Requires allocation of the ten barrel amount among royalty owners who are members of the same related group.

Bill· HRH.R. 6954 (96th)referred

A bill to amend the Trade Expansion Act of 1962 with respect to the powers of the President to impose fees on imports of petroleum and petroleum products.

United States · United States Congress · 27 March 1980

Amends the Trade Expansion Act of 1962 to limit the President's authority to impose import fees on petroleum or petroleum products to periods of: (1) congressionally declared war; (2) a national emergency declared under the National Emergencies Act; (3) a national emergency created by an attack on the United States; (4) U.S. Armed Forces involvement in hostilities pursuant to specific statutory authorization; and (5) U.S. Armed Forces involvement in hostilities under circumstances which require a report by the President to Congress pursuant to the War Powers Resolution.