United States · United States Congress · 21 May 1975
Jobs Creation Act - Title I: Individual Income Taxes - Allows a tax credit in the amount of 10 percent (up to $1,000) of the amount of qualified savings deposits and investments made by an individual during the taxable year. Defines qualified investments as amounts used to purchase stock in or debt instruments of a domestic corporation. Provides that the first $1,000 of capital gain shall be excluded from gross income during the taxable year. Provides for purposes of the estate tax, that the lessor of: (1) $200,000; and (2) the value of the decedent's interest in a family farming operation continually owned by him for five years prior to his death and which passes to a related individual shall be excluded from the value of the taxable estate. Title II: Corporation Taxes - Reduces the normal tax rates imposed on corporations. Increases the investment credit to 15 percent (12 percent in the case of property constructed or acquired before an unspecified date in March, 1975). Increases the corporate surtax exemption from $25,000 to $100,000. Increases the class life variance for purposes of the depreciation deduction allowed for property used in a trade or business or held for the production of income. Title III: Employee Stock Ownership Plan Financing - Creates special deductions for dividends paid during the taxable year by employers on securities held by an employee stock ownership plan (as defined by this title). Provides for the distribution of dividends to employees and repurchase of qualifying employer securities from persons receiving distributions. Provides for the exclusion from gross income of that part of a distribution held or reinvested within 60 days in income-producing assets of equivalent value for the purpose of realizing current income from such assets.
United States · United States Congress · 21 May 1975
Designates as wilderness specified lands comprising approximately 722,000 acres within Sequoia and Kings Canyon National Parks, in the State of California. Provides that such wilderness shall be known as the "Sequoia-Kings Canyon Wilderness".
United States · United States Congress · 21 May 1975
Designates specified lands in the Bandelier National Monument, New Mexico, as wilderness. Authorizes the Secretary of the Interior to undertake the minimum activity necessary to investigate and stabilize sites of archaeological interest within such wilderness.
United States · United States Congress · 21 May 1975
Designates specified lands in the Chincoteague National Wildlife Refuge, and Assateague Island National Seashore, Accomack County, Virginia, and Worchester County, Maryland, as the Assateague Islands Wilderness.
United States · United States Congress · 20 May 1975
Truth in Spending Act - Requires that any bill or resolution of a public character introduced in the House of Representatives or the Senate, and the report on any such bill or resolution reported by any committee of either House, shall contain an estimate of the average cost for each taxpaying family, if such bill were enacted into law. Provides that no bill or resolution shall be considered until such determination is made. Calls upon the Director of the Congressional Budget Office to print statistics of the average cost for each taxpaying family of bills and resolutions for the week and for the year in the Congressional Record.
United States · United States Congress · 15 May 1975
Authorizes the Administrator of the National Aeronautics and Space Administration to conduct research and development programs to increase knowledge of tornadoes, hurricanes, large thunderstorms, and other types of short-term weather phenomena, and to develop methods for predicting, detecting, and monitoring such atmospheric behavior. Authorizes the appropriation of $10,000,000 to carry out the provisions of this Act.
United States · United States Congress · 15 May 1975
Designates the Glen Elder unit as part of the Pick-Sloan Missouri Basin program, Kansas. Provides that the Glen Elder unit shall be constructed, operated and maintained for the purposes of providing water supply, fish and wildlife conservation and development and public outdoor recreation in accordance with the Federal reclamation laws. States that for a period of 10 years from the date of enactment of this Act, no water from the unit shall be used on newly irrigated lands of any basic agricultural commodity, if the total supply of such commodity for the marketing year in which the bulk of the crop would normally be marketed is in excess of the normal supply. Authorizes the appropriation of $55,000,000 for construction of the unit.
United States · United States Congress · 15 May 1975
Designates the Kanopolis unit as part of the Pick-Sloan Missouri Basin program, Kansas. Provides that the Kanopolis unit shall be constructed, operated and maintained for the purposes of providing irrigation water for approximately 20,000 acres of land, municipal and industrial water supply, fish and wildlife conservation and development and public outdoor recreation in accordance with the Federal reclamation laws. States that for a period of 10 years from the date of enactment of this Act, no water from the unit shall be used on newly irrigated lands of any basic agricultural commodity, if the total supply of such commodity for the marketing year in which the bulk of the crop would normally be marketed is in excess of the normal supply. Authorizes the appropriation of $42,000,000 for construction of the unit.
United States · United States Congress · 26 March 1975
Provides that any grant funds under the Federal Water Pollution Control Act which were withheld from allotment by Presidential direction for fiscal years 1973, 1974, and 1975 shall be alloted among the States by the Administrator of the Environmental Protection Agency in accordance with a specified formula. Revises the distribution of such allotments to the States for fiscal years beginning with 1976.
United States · United States Congress · 26 March 1975
Animal Health Research Act - Sets forth the purpose of this act and authorizes the Secretary of Agriculture to cooperate with the several States for the purpose of encouraging and assisting them in carrying out programs of animal health research at eligible institutions. Authorizes the Congress to appropriate such funds, not to exceed $20,000,000 annually, as it may determine necessary to support such research programs. Specifies the formula by which funds appropriated under this Act shall be apportioned. Authorizes to be appropriated such funds, not to exceed $15,000,000 annually, as may be necessary to support research on specific national or regional animal health problems. Provides that in developing plans for the use of such funds the Secretary shall consult the Advisory Board created by this Act. Authorizes to appropriated such sums, not to exceed $12,000,000 annually, as may be necessary to support costs of providing veterinary medical science research facilities. Provides that such funds shall be apportioned in accordance with the formula set forth in this Act. States that each dean or director of an eligible institution shall submit a brief annual report of research accomplishments on a project-by-project basis. Directs the Secretary to appoint a Veterinary Medical Science Research Advisory Board which shall consist of twelve members. Authorizes the SEcretary to prescribe such rules and regulations as may be necessary to carry out the provisions of this Act.
United States · United States Congress · 24 March 1975
Repeals, under the Social Security Act, the provisions for the establishment of Professional Standards Review Organizations to review services covered under the medicare and medicaid programs.
United States · United States Congress · 24 March 1975
Provides that specified rural hospitals shall be exempt for a period of 18 months from the requirements and provisions of Title XI of the Social Security Act relating to the establishment of professional standards review organizations and from the provisions of such Act and the regulations governing utilization review and utilization control procedures under the medicare, medicaid, and maternal and child health programs. Directs the Secretary of Health, Education, and Welfare to investigate alternative methods of utilization review and control for rural hospitals. Defines "rural hospitals" for purposes of this Act as meaning a hospital which is located in a community having a population of less than 50,000, but only if: (1) there is no other is no other community which has a population of fifty thousand or more within a ten-mile radius of such hospital; (2) the combined average patient load for all hospitals within such ten-mile radius is less than forty per day; and (3) the number of practicing physicians on the regular staff of such hospital does not exceed seven.
![Official portrait of Rep. Sebelius, Keith G. [R-KS-1]](https://www.congress.gov/img/member/s000217_200.jpg)