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Official portrait of Rep. Pashayan, Charles, Jr. [R-CA-17]

Rep. Pashayan, Charles, Jr. [R-CA-17]

United States · Official source

Records

1,445 records where Rep. Pashayan, Charles, Jr. [R-CA-17] is listed as a sponsor, author, or other actor. Search with topics and years

Bill· HRH.R. 2238 (97th)open

A bill to amend the Internal Revenue Code of 1954 to provide that the Internal Revenue Service shall send a notification of responsibility for Federal income taxes in lieu of tax return forms to individuals electing to receive such forms.

United States · United States Congress · 2 March 1981

Amends the Internal Revenue Code to require the Internal Revenue Service to send a notification of responsibility for Federal income taxes in lieu of tax return forms to individuals electing not to receive such forms.

Bill· HRH.R. 2203 (97th)open

A bill to amend the Communications Act of 1934 to permit the Federal Communications Commission to employ voluntary services for purposes of monitoring violations of the Act by amateur and citizens band radio service station operators and for purposes of preparing and administering examinations for certain amateur station operator licenses.

United States · United States Congress · 26 February 1981

Amends the Communications Act of 1934 to permit the Federal Communications Commission to utilize the voluntary services of any individual licensed to operate: (1) an amateur radio station, to monitor violations relating to amateur station transmissions; (2) a citizens band radio service station, to monitor violations relating to citizen band radio service station transmissions; and (3) an amateur station whose license is not of the least privileged class, to administer any examination for the least privileged class of amateur station operator license.

Bill· HRH.R. 2207 (97th)referred

Employee Retirement Savings Contribution Act of 1981

United States · United States Congress · 26 February 1981

Employee Retirement Savings Contribution Act of 1981 - Amends the Internal Revenue Code to allow employees who are participants in tax-qualified employer retirement plans an income tax deduction for contributions to such plans or to individual retirement accounts. Limits the amount of such deduction to the lesser of 15 percent of the employee's compensation for the taxable year or $1,500. Disallows such deduction for individuals otherwise claiming a deduction for contributions for retirement savings. Limits the deduction for government employees to the amount of plan contributions which exceeds the amount of employment tax which such employees would pay if they were subject to the employment tax.

Bill· HRH.R. 2163 (97th)referred

A bill to amend the Impoundment Control Act of 1974 to require that any amount of budget authority proposed to be rescinded or reserved by the President not be made available for obligation unless both Houses of the Congress approve a resolution of disapproval within a prescribed period of time.

United States · United States Congress · 25 February 1981

Amends the Impoundment Control Act of 1974 to require Congress, within 45 days after the President notifies Congress of his intention to rescind appropriated budget authority, to pass a resolution disapproving such rescission in order to make such budget authority available for obligation.

Bill· HRH.R. 2036 (97th)referred

A bill to require the United States Government and persons carrying on Federally assisted programs, projects, and activities to pay interest to business concerns for overdue sales and lease agreement payments, and to take early payment discounts only when payment is timely made.

United States · United States Congress · 24 February 1981

Requires the Federal Government and persons conducting federally assisted programs, projects, and activities to pay interest to business concerns for overdue sales and lease agreement payments not made by the thirtieth day after the bill for such payment is received. Specifies the procedure for computing such interest. Stipulates that overdue payments for meat, groceries, and perishables shall be determined in accordance with terms commonly offered meat, grocery, and perishable industries. Entitles the Government and such persons to early payment discounts only if payments are made within the prescribed periods.

Bill· HRH.R. 2034 (97th)open

A bill to amend title 18 of the United States Code to prohibit the robbery of a controlled substance from a pharmacy, and for other purposes.

United States · United States Congress · 24 February 1981

Amends the Federal criminal code to establish penalties for taking or attempting to take by force and violence or intimidation a controlled substance from a pharmacy. Increases the penalties if any person's life is endangered by use of a dangerous weapon or if any person is assaulted or killed during commission of such offense. Directs the Federal Bureau of Investigation to include pharmacy robbery data in its annual Uniform Crime Reports. Directs the Attorney General to report to Congress on the enforcement of this Act within 120 days of enactment and biannually for the subsequent three-year period.

Bill· HRH.R. 1974 (97th)referred

A bill to amend the Internal Revenue Code of 1954 to provide that the windfall profit tax shall not apply to an amount of crude oil equal to the amount of residual fuel oil used to produce the crude oil.

United States · United States Congress · 19 February 1981

Amends the Internal Revenue Code to exempt from the windfall profit tax an amount of crude oil equal to the amount of residual fuel oil used in the production of otherwise taxable crude oil. Defines "residual fuel oil."

Bill· HRH.R. 1914 (97th)open

A bill to amend title 49, United States Code, pertaining to the use of citizens band radios by operators of certain buses.

United States · United States Congress · 18 February 1981

Directs a motor carrier of passengers providing transportation subject to the jurisdiction of the Interstate Commerce Commission to allow its bus operators to install and operate citizens band radios and related accessories in such vehicles for: (1) the safety and benefit of passengers; (2) assisting motor vehicle operators in trouble; and (3) aiding law enforcement officials.

Bill· HRH.R. 1853 (97th)open

A bill to amend the Clean Air Act to provide for further assessment of the validity of the theory concerning depletion of ozone in the stratosphere by halocarbon compounds before proceeding with any further regulation of such compounds, to provide for needed further research and study, and for other purposes.

United States · United States Congress · 17 February 1981

Amends the Clean Air Act to direct the Administrator of the Environmental Protection Agency to: (1) continue ozone protection studies and research while increasing actual measurements of stratospheric ozone and improving methods of monitoring potential trends in such measurements; and (2) contract with the National Academy of Sciences, in consultation with the Administrators of the National Oceanic and Atmospheric Administration and the National Aeronautics and Space Administration, to (a) continue review and research, (b) determine the extent, nature, and causes of changes in stratospheric ozone concentration (with particular attention to the effects of chlorofluorocarbons), (c) investigate unreasonable effects on health and the environment, and (d) report to the Administrator and the Congress. Directs the Administrator to report, with recommendations, to the Congress at the end of a 24-month period. Prohibits the commencement or continuation of rulemaking by the Administrator with respect to regulations for the control in the United States of any chlorofluorocarbon until: (1) the Administrator, the Academy, and the President have submitted specified reports to the Congress; or (2) the Administrator determines that stratospheric ozone depletion by chlorofluorocarbons at a rate eventually harmful to human health and the environment has actually been detected. Directs the Administrator to withdraw any such rulemaking commenced after January 1, 1981, and before the date of enactment of this Act, and declares that such rulemaking has no force or effect. Requires that such final regulations be submitted to the Congress and only take effect if both Houses of Congress do not adopt a concurrent resolution of disapproval within a specified period. Sets forth procedures relating to such resolutions. Requires that continuing research and monitoring programs be expanded to determine the extent, nature, causes, effects, and associated uncertainties of stratospheric ozone concentration changes. Directs the President, within two years from the date of enactment of this Act and annually thereafter, to report to the Congress and the public on efforts to reach international agreements among the major free-world countries producing chlorofluorocarbons as to the nature, extent, and implications of any threat to the concentration of ozone in the stratosphere and the appropriate regulatory action to be taken. Prohibits States or local governments from adopting or attempting to enforce any regulations (except ones controlling halocarbon use as an aerosol propellant) respecting the control of chlorofluorocarbons to protect the stratosphere or stratospheric ozone until the Administrator has promulgated such regulations for such control in the United States. Provides that this Act shall not affect the validity of regulations concerning aerosol propellants containing chlorofluorocarbons promulgated by the Administrator before January 1, 1981.

Bill· HRH.R. 1776 (97th)open

Administrative Rulemaking Reform Act

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.

Bill· HRH.R. 1711 (97th)open

A bill to amend title 10, United States Code, to authorize the Secretary concerned to comply with the terms of a court decree, order, or property settlement in connection with the divorce, annulment, or legal separation of a member or former member of the uniformed services receiving retired or retainer pay, and for other purposes.

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.

Bill· HRH.R. 1714 (97th)open

A bill to amend title 38, United States Code, to authorize the Veteran's Administration to furnish memorial headstones or markers to commemorate veterans who by choice are buried at sea, who donate their bodies to science, or who are cremated and have their ashes scattered without interment.

United States · United States Congress · 5 February 1981

Authorizes the Administrator of Veterans' Affairs to furnish a memorial headstone or marker to commemorate any veteran whose remains are unavailable because of a donation to science, a burial at sea, or other causes. Directs the Administrator to set aside suitable areas in national cemeteries to honor such veterans.

Bill· HRH.R. 1698 (97th)referred

A bill to amend title II of the Social Security Act to provide that the waiting period for disability benefits shall not be applicable in the case of a disabled individual suffering from a terminal illness.

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.

Bill· HRH.R. 1765 (97th)referred

Petroleum Displacement Act of 1981

United States · United States Congress · 5 February 1981

Petroleum Displacement Act of 1981 - 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: (1) as a primary energy source in electric powerplants where coal or alternate fuel capability exists; and (2) in excess of a minimal amount in an electric powerplant in which it is feasible to use a mixture of petroleum or natural gas or an alternate fuel as a primary energy source.

Bill· HRH.R. 1718 (97th)referred

A bill to direct that a clinical investigation of the safety and efficacy of dimethyl sulfoxide as a drug to be used by persons with arthritis be conducted through the National Institute of Arthritis, Metabolism, and Digestive Diseases.

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.

Bill· HRH.R. 1641 (97th)open

Private Pension Reform Act of 1981

United States · United States Congress · 4 February 1981

Private Pension Reform Act of 1981 - Amends the Internal Revenue Code to allow to a married individual whose compensation is less than that of his or her spouse the same deduction for retirement savings. Includes as compensation, for purposes of calculating such deduction, alimony and separate maintenance payments. Amends the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code to require pension plans which pay benefits in the form of an annuity to provide a survivor's annuity for the spouse of a participant who dies before the annuity starting date. Specifies that such annuity shall not be less than the payment to which the surviving spouse would be entitled if the participant had died after the annuity starting date. Requires, for the election by a participant not to take a joint and survivor annuity, the written consent of the participant's spouse. Allows the assignment of pension plan benefits pursuant to a specific court order relating to child support, alimony, or marital property rights. Lowers from 25 to 21 the minimum age of participation by employees in a pension plan. Includes approved maternity or paternity leave in the determination of an employee's years of service with an employer, calculated according to a formula which grants 20 hours of service for each week of such leave.

Bill· HRH.R. 1648 (97th)open

A bill to encourage exports by facilitating the formation and operation of export trading companies, export trade associations, and the expansion of export trade services generally.

United States · United States Congress · 4 February 1981

Title I: Export Trading Companies - Export Trading Company Act of 1981 - Directs the Secretary of Commerce to promote export trading companies by providing information and by facilitating contacts between producers of exportable goods and export trading companies. Authorizes any banking organization to invest up to specified amounts in export trading companies upon notifying, but without obtaining the prior approval of, the appropriate Federal banking agency, if such investment does not cause an export trading company to become a subsidiary of such organization. Allows greater investment by Edge Act Corporations not engaged in banking. Permits any banking organization to invest beyond such limitations with prior approval of the appropriate Federal banking agency. Requires prior notification of such agencies in specified circumstances. Sets forth further limitations on export trading companies and investments by banking organizations. Specifies factors to be taken into consideration by the banking agencies. Permits such agencies to impose conditions in approving applications to invest in export trading companies. Requires such agencies to report to the appropriate Congressional committees with their recommendations concerning implementation of this Act, related changes in U.S. law, and effects of ownership of U.S. banks by foreign banking organizations. Provides for judicial review of denial orders in the appropriate U.S. Court of Appeals. Sets forth the grounds for disapproval. Provides for remand for further consideration by the banking agency. Directs the Economic Development Administration and the Small Business Administration to give special weight to export-related benefits when considering applications for loans and guarantees by export trading companies. Authorizes up to $20,000,000 to be appropriated for initial investments and operating expenses for each of the fiscal years 1981, 1982, 1983, 1984, and 1985. Directs the Export-Import Bank of the United States to provide loan guarantees to export trading companies or exporters, to be secured by accounts receivable or inventories, when adequate financing is not otherwise available and such guarantees will facilitate expansion of exports. Directs the Board of Directors to try to insure that a major share of such guarantees promotes exports from small, medium-size, and minority businesses or agricultural concerns. Title II: Export Trade Associations - Export Trade Association Act of 1981 - Amends the Webb-Pomerene Act to exempt the trade activities and methods of operation of certified export trade associations and export trading companies from the antitrust laws. Delays the effectiveness of any certificate upon the notification of the Secretary of Commerce by the Attorney General or the Federal Trade Commission (FTC) of disagreement with the decision to issue a certificate. Sets forth the procedure to be followed by any association or export trading company seeking certification under this Act and by the Secretary in issuing such certificates. Permits automatic certification for existing associations. Provides for appeal of the Secretary's denial of certification. Authorizes the Attorney General or the FTC to bring an action to invalidate a certification. Requires the Secretary, in consultation with the Attorney General and the FTC, to publish guidelines for determining whether an association or export trading company will meet the certification requirements. Requires certified associations and export trading companies to submit annual reports to the Secretary. Directs the Secretary to establish within the Department of Commerce an Office of Export Trade to promote export trade associations and trading companies. Requires such Office to report annually to the appropriate Congressional committees on all East-West trade transactions requiring validated licenses and on the role of U.S. export trading companies in East-West trade. Grants a temporary exemption from the Sherman Act antitrust provisions for existing associations. Requires that all applications for certification be kept confidential with specified exceptions. Authorizes the Secretary to require an association or trading company to modify its operation to be consistent with international obligations of the United States. Directs the President to appoint, with the Senate's advice and consent, a task force seven years after enactment to examine the effect of this Act and to make recommendations.

Bill· HRH.R. 1603 (97th)referred

A bill to amend the Federal Mine Safety and Health Act of 1977 to provide that the provisions of such Act shall not apply to surface sand or gravel mining operations, stone mining operations, clay mining operations, or certain surface construction projects.

United States · United States Congress · 3 February 1981

Amends the Federal Mine Safety and Health Amendments Act of 1977 to provide that provisions of such Act shall not apply to: (1) any surface sand or gravel, stone, or clay mine; or (2) any surface structure or road, if constructed by employees not engaged in mining.

Law· HRH.R. 1465 (97th)enacted

State and Local Government Cost Estimate Act of 1981

United States · United States Congress · 28 January 1981

State and Local Government Cost Estimate Act of 1981 - Amends the Congressional Budget Act of 1974 to require the Congressional Budget Office, for every significant bill or resolution reported in the House or Senate, to prepare and submit (along with its regular estimate of the Federal cost involved) an estimate of the costs which would be incurred by State and local governments in carrying out or complying with such bill or resolution. Authorizes appropriations to carry out this Act.

Resolution· HCONRESH.Con.Res. 45 (97th)referred

A concurrent resolution expressing the sense of the Congress that the leaders of the United States, Mexico and Canada should participate in a North American summit meeting for purposes of establishing a common economic bond of mutual cooperation and coordination in dealing with issues involving our three countries.

United States · United States Congress · 28 January 1981

Expresses the sense of the Congress that the leaders of the United States, Mexico, and Canada should meet to discuss North American economic development, trading relationships, specific problems, and cooperation and reciprocal negotiations in the joint development of solutions to these problems.

Bill· HRH.R. 1300 (97th)open

A bill to amend title 39 of the United States Code to provide for congressional review of proposed changes in postal services.

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.

Bill· HRH.R. 1311 (97th)passed

National Tourism Policy Act

United States · United States Congress · 27 January 1981

National Tourism Policy Act - Title I: National Tourism Policy - Declares that the purpose of this Act is to establish a cooperative effort between the Federal Government, State and local governments, and other concerned public and private organizations to implement a national tourism policy. Title II: United States Travel and Tourism Administration - Establishes as an independent agency the United States Travel and Tourism Administration. Authorizes the Administration to assist Congress and the Federal agencies having policy and programmatic responsibilities affecting tourism. Directs the Administrator, by April 15, 1982, to submit a detailed tourism development plan to specified Congressional committees. Requires each Federal agency upon the request of the Administrator to: (1) make its services, personnel, and facilities available to assist the Administration; and (2) furnish the Administration necessary information, suggestions, estimates, and statistics. Prohibits the Administration from providing transportation or accommodations in competition with businesses engaged in providing such transportation or accommodations. Directs the Administration to submit budget information, legislative recommendations, prepared testimony for Congressional hearings, and reports to the President or to the Office of Management and Budget and, concurrently, to Congress. Directs the Administration to submit an annual report to the President for transmittal to Congress. Authorizes the Administrator to provide financial assistance to regions of not less than two States or portions of two States for the implementation of regional tourism promotional and marketing programs which shall serve as demonstration projects. Authorizes appropriations for fiscal year 1982. Establishes the Travel and Tourism Advisory Board. Directs the Secretary of Commerce to complete the transfer of the assets, rights, privileges, powers, duties, and liabilities of the United States Travel Service to the Administration by October 1, 1981. Abolishes the United States Travel Service upon completion of such transfer. Title III: Amendments to the International Travel Act - Amends the International Travel Act of 1961 to extend until September 30, 1981, the time limit for the reduction in the number of employees of the United States Travel Service. Prohibits the Secretary of Commerce from reducing: (1) the number of United States Travel Service employees in offices in foreign countries to a level below that authorized for fiscal year 1979; and (2) the amount of funds appropriated pursuant to this Act for financing the activities of such foreign offices to a level below that authorized for fiscal year 1979.

Bill· HRH.R. 1310 (97th)referred

A bill to amend title I of the Social Security Act to increase the applicable exempt amount under the earnings test, in the case of any individual, by the amount of any State, and local real property taxes which such individual must pay.

United States · United States Congress · 27 January 1981

Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to increase the amount of outside earnings permitted each year without any deduction from OASDI benefits by an amount equal to the total of all State and local real property taxes which an individual pays during a taxable year.

Bill· HRH.R. 1301 (97th)referred

Elementary and Secondary Education Tuition Tax Credit Act of 1981

United States · United States Congress · 27 January 1981

Elementary and Secondary Education Tuition Tax Credit Act of 1981 - Amends the Internal Revenue Code to allow a taxpayer an income tax credit for 25 percent of the expenses paid for the elementary or secondary education of a dependent. Sets forth maximum dollar amounts allowable as a credit for calendar years 1981 and 1982, after which the credit expires. Treats tuition payments as paid for calendar years 1981 and 1982 if such payments are made during the particular calendar year or within one month of the beginning or close of such calendar year for education furnished during that year. Requires the individual for whom the tuition tax credit is allowed by this Act to be a full-time student during any four months of the calendar year or a part-time student during any eight months of the calendar year. Excludes from the definition of "expenses of elementary and secondary education" any amounts paid for books, supplies, meals, lodging, transportation, similar personal expenses, and for education below the first-grade level or attendance at a kindergarten or nursery. Forbids any construction of this Act as granting the Government additional authority to examine the books or activities of any church school except to the extent necessary to determine whether such school is an eligible educational institution. Requires that any amount received by the taxpayer as a tuition tax credit be disregarded for purposes of determining the eligibility of the taxpayer for Federal, State, or local educational assistance.

Bill· HRH.R. 1302 (97th)referred

Higher Education Tuition Tax Credit Act of 1981

United States · United States Congress · 27 January 1981

Higher Education Tuition Tax Credit Act of 1981 - Amends the Internal Revenue Code to allow a taxpayer an income tax credit for 25 percent of the expenses paid for the college or post-secondary vocational education of the taxpayer or the taxpayer's spouse or dependents. Sets forth maximum dollar amounts allowable as a credit for calendar years 1981 and 1982, after which the credit expires. Excludes graduate students from eligibility for the credit. Requires the individual for whom the tuition tax credit is allowed by this Act to be a full-time student during any four months of the calendar year or a part-time student during any eight months of the calendar year. Excludes from the definition of "expenses of higher education" any amounts paid for books, supplies, and equipment for courses of instruction or meals, lodging, transportation, and other living expenses. Forbids any construction of this Act as granting the Government additional authority to examine the books or activities of any church school except to the extent necessary to determine whether such school is an eligible educational institution. Requires that any amount received by the taxpayer as a tuition tax credit be disregarded for purposes of determining the eligibility of the taxpayer for Federal, State, or local educational assistance.

Bill· HRH.R. 1290 (97th)open

A bill to repeal the family rental home business tax; to amend the Internal Revenue Code of 1954 with respect to the deduction of certain expenses in connection with the business use of homes and the rental of residences to family members, and for other purposes.

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.

Bill· HRH.R. 1250 (97th)open

Savings and Retirement Income Incentive Act of 1981

United States · United States Congress · 23 January 1981

Savings and Retirement Income Incentive Act of 1981 - Amends the Crude Oil Windfall Profit Tax Act of 1980 to make permanent the income tax exclusion for dividend and interest income. Increases such tax exclusion for persons over age 65 to $500 ($1,000 for joint returns). Amends the Internal Revenue Code to increase to $2,000 the amount of the income tax deduction for contributions to individual retirement accounts. Eliminates the prohibition against certain pension plan participants (e.g. government and military personnel) from making deductible contributions to individual retirement accounts. Increases the amount of nondeductible contributions which an individual may make to an individual retirement account in a taxable year and over such individual's lifetime. Permits contributors to an individual retirement account to withdraw from such an account up to $10,000, without tax penalty, in order to purchase a first home or finance the higher education of a dependent child. Allows an income tax deduction for voluntary employee contributions to tax-qualified employer pension and annuity plans.

Bill· HRH.R. 1053 (97th)open

Capital Cost Recovery Act of 1981

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.

Bill· HRH.R. 1127 (97th)referred

A bill to amend the Internal Revenue Code of 1954 to exclude from gross income amounts received from certain sales of land to the United States, any State, or certain tax-exempt organizations, if the primary use of such land after the sale is for purposes of fish and wildlife conservation or preservation as a natural area.

United States · United States Congress · 22 January 1981

Amends the Internal Revenue Code to exclude from gross income amounts received from certain sales of land to the United States, any State, or a tax-exempt conservation authority, if the primary use of such land after sale is for purposes of fish and wildlife conservation or preservation as a natural area.

Bill· HRH.R. 1003 (97th)referred

A bill to authorize the President of the United States to present on behalf of Congress specially struck gold medals to the 53 Americans held captive in Iran.

United States · United States Congress · 22 January 1981

Authorizes the President to present on behalf of the Congress specially struck gold medals to fifty-three individuals held hostage in the United States Embassy in Iran. Directs the Secretary of the Treasury to: (1) strike fifty-three gold medals with suitable emblems, devices and inscriptions; and (2) coin and sell bronze duplicates of such medals. Authorizes appropriations.

Resolution· HCONRESH.Con.Res. 28 (97th)referred

A concurrent resolution establishing a Joint Select Committee on Defense Readiness and Mobilization Capability.

United States · United States Congress · 19 January 1981

Establishes a Joint Select Committee on Defense Readiness and Mobilization Capability to investigate and report on defense readiness and mobilization capability, including an analysis of: (1) the kind and extent of threats to the national defense; and (2) the quality and quantity of manpower, material, transportation, budgetary, and programmatic resources needed at present and able to be mobilized in the future. Sets forth the requirements for appointment to the joint select committee.