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.
United States · United States Congress · 24 February 1981
Amends the Communications Act of 1934, with respect to the assignment of VHF commercial television broadcasting station licenses, to direct the Federal Communications Commission to give priority to any State which does not have at least one such station.
United States · United States Congress · 18 February 1981
Patent Term Restoration Act of 1981 - Amends the patent law to extend the terms of patents which encompass specified products or a method for using a product any of which are subject to certain nonpatent regulatory review periods. Sets forth the terms and conditions of such extension, including a seven year limitation. Directs the Commissioner of Patents to issue to the owner of record of a patent a certificate of extension stating the fact and length of the extension and identifying the product and the use and the claim to which such extension is applicable. Makes such certificate a part of the original patent. Limits the application of such patent term extension to patents for products subject to regulation under the Federal Food, Drug, and Cosmetic Act, the Public Health Service Act, the Federal Insecticide, Fungicide, and Rodenticide Act, the Toxic Substances Control Act, and the Act of March 4, 1913 (relating to virus, serum, toxin, and analogous products).
United States · United States Congress · 18 February 1981
World War I Veterans Service Pension Act of 1981 - Requires the Administrator of Veterans' Affairs to pay (in addition to any pension already paid) a monthly pension of $150: (1) to each veteran of World War I who meets specified service requirements; (2) to the surviving spouse of each such veteran; or (3) when there is no surviving spouse, to the child or children of each such veteran.
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 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 · 3 February 1981
Presidential Nomination Commission Resolution - Establishes the Commission of Presidential Nominations to make an investigation regarding the presidential nominating process. Directs the Commission to report to the President and Congress respecting such investigation including recommendations for the 1984 presidential elections. Terminates the commission 60 days after submission of such report. Sets forth the powers of such Commission, and related administrative provisions. Authorizes necessary appropriations.
United States · United States Congress · 3 February 1981
Declares the sense of Congress that the President shall take steps to: (1) call upon the Soviet Union to permit the resurrection of the Ukrainian churches of various Jewish and Christian denominations; (2) contact the officials of the Soviet Union to secure freedom of worship in the Soviet Union and Eastern Europe; and (3) raise in the United Nations the question of Stalin's liquidation of such churches.
United States · United States Congress · 2 February 1981
Amends the Internal Revenue Code to allow a nonrefundable income tax credit of 25 percent of the qualified research and experimental expenditures paid or incurred by a taxpayer in carrying on a trade or business. Defines "qualified research and experimental expenditures" as those business-related expenditures which are deductible under current provisions of the Internal Revenue Code. Limits the scope of such expenditures, for both the tax credit and tax deduction, to technological research designed to develop or improve products or services. Excludes expenditures for research or experimentation in the social sciences or humanities, government-funded research, and certain applied research. Limits the amount of expenditures eligible for the credit to those which exceed the annual average of such expenditures for the immediately preceding three years. Requires taxpayers under common control to aggregate such expenditures for purposes of computing the credit. Sets forth rules for adjusting such expenditure amounts when there is a change in business ownership. Provides for a three-year carryback and seven-year carryover of unused credits.
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.
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
Provides that the United States District court for the Judicial District of New Jersey shall be held at Hackensack, New Jersey, in addition to those places currently provided by law.
United States · United States Congress · 9 January 1981
Amends the Immigration and Nationality Act to allow preference visas to be given to an alien who: (1) requests such treatment; (2) was born after 1950 in Korea, Vietnam, Laos, or Thailand; (3) was fathered by an American serviceman; and (4) provides a guarantee of financial support. Stipulates that such guarantee must: (1) be signed by a citizen or lawful permanent resident who is at least 21 years old; and (2) provide that such signing sponsor will provide necessary financial support for five years. Allows the Attorney General to enforce such guarantee against the sponsor in a civil suit unless such sponsor dies or is adjudicated bankrupt.
United States · United States Congress · 5 January 1981
Declares it the public policy of the United States to prohibit the manufacture, sale, and use of leg-hold and steel-jaw traps in the United States and abroad. Prohibits the shipment in interstate or foreign commerce of fur or leather products from animals trapped in a State or foreign country which has not banned such traps. Requires the Secretary of Commerce to publish a list of States and foreign countries which have not banned such traps. Sets forth penalties for violations of this Act.
United States · United States Congress · 5 January 1981
Amends the Omnibus Crime Control Act of 1970 to revise and increase the mandatory penalties for using or carrying a firearm during commission of a Federal felony. Defines such offense as using a firearm to commit a felony over which the district courts have exclusive jurisdiction or carrying a firearm during such a felony involving violence. Deletes the requirement that the firearm be carried "illegally." Increases the additional penalty imposed for such offense from one to ten years' imprisonment to five to ten years' imprisonment for a first offender and from two to 25 years to ten years to life imprisonment for a second or subsequent offender. Extends to first offenders the directions, currently applicable only to second offenders, that the court not suspend any sentence or grant probation and that the additional sentence not run concurrently with any term of imprisonment imposed for the offense itself. Makes a first offender ineligible for parole for five years and a second or subsequent offender ineligible for ten years. Expresses the sense of Congress that the executive prosecute vigorously such offenses.
United States · United States Congress · 5 January 1981
Small Business Judicial Access Act of 1981 - Title I: Revision of Class Damage Procedures - Replaces Federal Rules of Civil Procedure 23(b)(3) (class actions where common questions of law or fact predominate) with the following new types of civil actions: (1) a public action, vesting a single claim in the United States with respect to persons whose conduct in the manufacture, rental, distribution, sale, or purchase of realty, goods, or services gives rise to a civil right of action under a U.S. statute; and (2) a class compensatory action with respect to persons whose conduct gives rise to a civil right of action under a U.S. statute. Requires for a public action that at least 200 persons each sustain injury less than $300 and that the combined injury exceed $60,000. Conditions a class compensatory action on at least 40 persons having each sustained injury greater than $300. Requires in both actions that the injuries or liability arise out of the same transaction or occurrence and that a substantial common question of law or fact exist. Allows a public action to be brought by the Attorney General, a Federal agency with exclusive enforcement authority, or a private individual. Authorizes the Attorney General, in actions brought by a private individual, to: (1) assume control of the action; (2) permit prosecution by such party; (3) refer the action to a State attorney general in certain circumstances; or (4) recommend to the court that the action be dismissed. Permits the court to disallow assumption or referral and issue an appropriate order assuring that counsel defending the action against the United States will be independent of the prosecution. Requires, in a public action brought by a private person where the United States prevails, that the defendant pay to the relator taxable costs, reasonable expenses (including attorney fees where allowed by law), and an incentive fee. Specifies calculation of such incentive fee, to a maximum of $10,000, and precludes payment to the relator's attorney. Requires the judgment in a public action where the defendant is found liable to include a public recovery measured as either the aggregate damage or benefit or profit realized by the defendant (not to exceed $300 per person). Permits the court to include injunctive or declaratory relief. Directs the court to determine if the court or the Director of the Administrative Office of the U.S. shall administer the payment of claims from the public recovery fund. Specifies procedures for the administration of the fund and for allocation of payments to injured persons making claims. Grants to the district courts exclusive jurisdiction of class compensatory actions. Requires a defendant, in any such action where the court has ordered separate trial of liability issues, to identify and serve notice upon persons likely to have been injured. Prescribes procedures to expedite the management of both actions. Specifies discovery limits prior to the preliminary hearing, except for good cause shown. Repeals the current requirement that the best notice practicable under the circumstances be given to all members of the class who can be identified. Requires instead that the court give notice reasonably necessary to assure adequacy of representation of and fairness to all class members. Permits the court to dismiss either type of action upon a determination that full utilization of this Act and the Federal Rules will not enable the court to adequately manage the proceeding. Grants to the courts of appeal jurisdiction to review at their discretion orders dismissing or allowing public or class compensatory actions. Title II: Appeal of Small Civil Penalties Against Small Business Concerns - Authorizes a small business against which a Federal agency has imposed a civil penalty of $2,500 or less to appeal such penalty to the agency or an appropriate district court. Title III: Office of Advocacy - Adds as a primary function of the Office of Advocacy of the SBA facilitating collective relief to small business for violations of antitrust and other Federal statutes by advising and consulting with the Attorney General, Federal agencies, and States.