The world's political record
Person
United States · Official source
519 records where Rep. Shannon, James M. [D-MA-5] is listed as a sponsor, author, or other actor. Search with topics and years
United States · United States Congress · 28 January 1981
Civil Rights Amendments Act of 1981 - Amends the Civil Rights Act of 1964 to prohibit discrimination on the basis of affectional or sexual orientation. Stipulates that this Act shall not be construed to permit a finding of discrimination based on statistical differences or the fashioning of any remedy requiring a quota.
United States · United States Congress · 28 January 1981
Amends the Internal Revenue Code to remove from the formula for determination of the distributable amount of a private foundation, for purposes of assessing the tax on undistributed income, the adjusted net income of such foundation. Redefines requirements for a private operating foundation, for purposes of the exemption of such foundation from the tax on undistributed income, to eliminate the "assets test" which requires a private operating foundation to use a substantial percentage of its assets for the active conduct of its exempt purpose. Exempts private foundations from the taxes on taxable expenditures in cases where such foundations make grants to organizations not exceeding $10,000 in a taxable year. Redefines "members of family" for purposes of identifying persons who are disqualified from entering into specified transactions with a private foundation under provisions of the Internal Revenue Code. Establishes standards for reliance by private foundations upon determinations by the Secretary of the Treasury regarding the status of organizations (exempt from expenditure responsibility requirements) to which such foundations have made grants.
United States · United States Congress · 27 January 1981
Amends the Internal Revenue Code to provide that any loss which exceeds recognized gain from the holding of a straddle may not be recognized, for income tax deduction purposes, for the period during which a taxpayer holds such straddle, plus 30 days (or before the close of such period if the taxpayer disposes of all the positions which make up a straddle). Provides that the running of the required holding period for capital assets shall be tolled during the same period. Defines "straddle" to mean that there is a substantial reduction of the taxpayer's risk of loss from holding any position with respect to personal property because the taxpayer also holds one or more other positions with respect to personal property (commodities, evidences of indebtedness,currency, and other types of personal property). Creates a rebuttable presumption that two or more positions are offsetting, for purposes of the definition of a straddle, if: (1) the positions are customarily treated as such; (2) the aggregate margin requirement for such positions is lower than the sum of the margin requirement for each such position; or (3) there are other factors, as determined by the Secretary of the Treasury pursuant to regulations, which indicate that such positions are offsetting. Disallows as a deduction, and makes chargeable to capital account, interest and carrying charges with respect to personal property which is part of a straddle. Provides that obligations of the United States, a State or local government, or a U.S. possession issued on a discount basis and payable without interest in less than one year shall be treated as capital assets in determining tax consequences of gain or loss with respect to such obligations. Excludes from capital gains tax treatment gain by a securities dealer from the sale or exchange of any security, unless the security was clearly identified in the dealer's records before the end of the day after the date of acquisition as a security held for investment (currently, before the end of the 30th day after the date of acquisition).
United States · United States Congress · 22 January 1981
Amends the Tariff Schedules of the United States to authorize the President to lower the tariff on certain sugars, syrups, and molasses if it will give due consideration to certain domestic and foreign sugar market interests but only if the world price of sugar exceeds a specified level.
United States · United States Congress · 22 January 1981
Amends the Internal Revenue Code to provide that business-related research and experimental expenditures shall not be taken into account for purposes of determining the aggregate face value of industrial development bonds which otherwise qualify for the small issue exemption.
United States · United States Congress · 22 January 1981
Research and Development Tax Credit Act of 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 currently deductible under 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 · 22 January 1981
Tax Reduction Act of 1981 - Amends the Internal Revenue Code to reduce individual income tax rates. Increases the zero bracket amount (formerly, the standard deduction) for individual taxpayers. Allows a refundable income tax credit equal to ten percent of the social security taxes paid by employers, employees, and self-employed individuals during the taxable year. Reduces corporate income tax rates. Allows an income tax credit for research and experimental expenditures paid or incurred in a taxpayer's trade or business equal to ten percent of the excess of 2.5 percent of the gross receipts of such trade or business for the taxable year. Provides for a taxpayer election of a useful life for small business depreciable assets which does not vary from established class life guidelines by more than 20 percent. Permits the salvage value of a small business depreciable asset to be disregarded. Raises the allowable amount of equity capital of a small business corporation which issues stock eligible for ordinary loss treatment from $1,000,000 to $2,000,000.
United States · United States Congress · 22 January 1981
Requests the President to designate August 13, 1981, as "National Blinded Veterans Recognition Day."
United States · United States Congress · 19 January 1981
Amends the Internal Revenue Code to increase from $20,000 to $75,000 in 1981 (with annual adjustments up to $95,000 in 1985 and thereafter) the earned income exclusion for U.S. citizens working abroad who are bona fide residents of a foreign country. Repeals the requirement that, as a condition of their employment, such individuals reside in a hardship area. Reduces from 17 to 11 months the residency requirement for such exclusion. Provides for an income tax exclusion for the value of employer-provided lodging in a camp in cases where satisfactory housing is not generally available. Reduces from 17 to 11 months the foreign residency requirement with respect to the deduction for certain housing expenses of living abroad.
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 · 9 January 1981
Amends the Internal Revenue Code to exempt from income taxation any income resulting from the transfer of stock to an individual exercising a stock option under an incentive stock option plan. Specifies that the optionee may not dispose of stock within two years after an option is granted nor within one year after the transfer of shares. Requires that the optionee be an employee of the corporation granting such option at all times during the period after an option is granted and for three months after such option is exercised. Defines "incentive stock option" as an option granted to an individual in connection with employment by a corporation to purchase stock of such corporation. Sets forth the following conditions for the granting of such options: (1) approval of a plan for granting options by the shareholders of the corporation; (2) the granting of options within ten years of either the adoption or approval of the plan; (3) the termination of the option after ten years; (4) an option price which is not less than the fair market value of the stock subject to such option; (5) the nontransferability of the option; and (6) the optionee may not hold more than ten percent of the stock of the corporation, unless the option price is at least 110 percent of the fair market value of the stock subject to the option and such option is terminable five years after it is granted.
United States · United States Congress · 9 January 1981
Requests the President to designate August 2, 1981 as "National Day of Peace."
United States · United States Congress · 6 January 1981
Prevention, Identification, and Treatment of Elder Abuse Act of 1981 - Directs the Secretary of Health and Human Services to establish an office known as the National Center on Elder Abuse to: (1) compile an annual summary of recently conducted research on elder abuse; (2) develop and maintain an information clearinghouse on all programs for the prevention and treatment of such abuse; (3) compile training materials for personnel engaged in elder abuse prevention; (4) provide technical assistance for the planning and implementing of programs relating to the problems of elder abuse; and (5) investigate the causes and national incidence of elder abuse. Authorizes the Secretary to make grants to or enter into contracts with public agencies or nonprofit organizations for demonstration projects designed to prevent and treat elder abuse. Sets forth the terms and conditions for such grants. Authorizes the Secretary to make grants to States for the development and implementation of elder abuse prevention and treatment programs. Requires such States to have in effect a State elder abuse law with mandatory reporting provisions. Sets forth other requirements for eligibility. Prohibits the use of assistance for construction of facilities. Directs the Secretary to establish criteria to achieve equitable distribution of assistance among the States. Authorizes appropriations.
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.
United States · United States Congress · 5 January 1981
Amends the Internal Revenue Code to permit taxpayers who do not itemize income tax deductions to claim a deduction from gross income for charitable contributions.
United States · United States Congress · 5 January 1981
Sunset Act of 1981 - Title I: Reauthorization of Government Programs - Sets forth a ten-year schedule for reauthorization of all Federal programs according to budget function and subfunction as set forth in the Budget of the United States Government for fiscal year 1979. Sets forth the procedure in the House of Representatives and the Senate for the consideration of any bill, resolution, or amendment which authorizes new budget authority. States that it is not in order for either House to consider any legislation which authorizes the enactment of new budget authority for a program for a period of more than ten years, for an indefinite period, or for any fiscal year beginning after the next reauthorization date applicable to such program. Provides that before the Congress can appropriate funds for any program, after its first reauthorization date, there must be a specific authorization in law to support the appropriation. Requires the committees of the Senate and House of Representatives to schedule and conduct a sunset review of programs to be reauthorized. Requires that the report accompanying such reauthorizations contain specified information and be completed during the Congress in which the program is scheduled for reauthorization. Exempts from the requirements of this Act specified programs such as interest on Federal debts, health care services, general retirement and disability payments, as well as litigation activities which have as their objectives the protection and implementation of civil rights guaranteed by the Constitution, and specified retirement pay and benefits. Allows the reauthorization schedule set forth in this Act to be changed by concurrent resolution of the two House of Congress and sets forth the procedure for such change. Requires all legislation and other matters related to changes in the dates for programs under this Act to be referred to the committee with legislative jurisdiction over any program affected by the proposal and, sequentially, to the Committee on Rules in the House Representatives and to the Committee on Rules and Administration in the Senate. Requires such committees to report any concurrent resolution or bill referred to it by a committee of legislative jurisdiction within 30 days, with a statement on each of its recommendations. Makes provisions for any proposed change which has been reported by a committee before June 1, 1982. Title II: Program Inventory - Directs the Comptroller General and the Director of the Congressional Budget Office, in cooperation with the Director of the Congressional Research Service, to prepare an inventory of Federal programs. Declares that the purpose of such program inventory is to advise and assist Congress in carrying out reauthorization and reexamination requirements and to link such reauthorization and review process with the budget process. Requires the Comptroller General to submit such program inventory to each House of Congress no later than January 1, 1982. Sets forth the contents of the inventory program, including the type of authorization provided for such programs' new budget authority and the manner in which related program areas may be grouped for evaluation and review. Permits the Congressional committees, the Congressional Budget Office, and the Congressional Research Service to review the program inventory and to suggest revisions. Requires that the program inventory be revised at the end of each session of Congress, and that such revisions be reported to each House. Requires that periodic reports tabulate the progress of Congressional action on bills and resolutions authorizing budget authority for programs in the inventory. Requires the Comptroller General and the Director of the Congressional Budget Office to submit periodic reports to the Congress on the adequacy of the functional and subfunctional categories for grouping programs of like missions or objectives. Title III: Program Reexamination - Requires each committee of the Senate and the House of Representatives to reexamine selected programs or groups of programs over which it has jurisdiction. Sets forth procedures for such review, and criteria for selection of program areas for evaluation. Directs each committee to consult with the appropriate committees of either the House of Representatives or the Senate in order to achieve coordination of program reevaluation. Directs each Committee to inform itself of the related activities of or available assistance from the General Accounting Office, the Congressional Budget Office, the Congressional Research Service, the Office of Technology Assessment, and other appropriate instrumentalities in the executive and judicial branches. Requires each committee to deliver a report on the reexamination to the Secretary of the Senate or the Clerk of the House at the date specified in the funding resolution first reported by such committee in 1983 and thereafter for the first session of each Congress. Allows two or more committees which have legislative jurisdiction over the same programs or portions of the same programs to examine such programs jointly and submit a joint report. Stipulates that such report: (1) contain the findings, recommendations, and justifications of the program; and (2) include specified information including, but not limited to, an assessment of the cost-effectiveness of the program and an identification of any trends, developments, and emerging conditions which are likely to affect the nature and extent of the problems or needs which the program is intended to address. Requires each executive department or agency which is responsible for a program selected for reexamination to submit a report to the Office of Management and Budget and to the appropriate committees of the Congress on its findings, recommendations, and justifications of specified aspects of the program. Title IV: Tax Expenditures - Requires the Director of the Congressional Budget Office, after consultation with the Joint Committee on Taxation of the Congress, to prepare an inventory of tax expenditure provisions and to submit a report on such inventory to the Committee on Ways and Means of the House and the Senate Finance Committee. Defines the term "tax expenditure provision" as any provision of Federal law which allows a special exclusion, exemption, or deduction in determining liability for any tax or which provides a special credit against any tax, a preferential rate of tax, or a deferral of tax liability. Specifies the contents of the report, which include an estimate of the revenue loss from each tax provision. Requires the Director to: (1) submit a revised inventory to each House of Congress by December 1, 1982; (2) revise the inventory after the close of each session of Congress and report such revisions to Congress; and (3) periodically report on Congressional action on bills and resolutions which create or affect tax provisions. Directs the House Committee on Ways and Means and the Senate Committee on Finance to prepare a reauthorization schedule for all tax provisions similar to the schedule set out for Federal programs in title I of this Act. Requires Congress to take final action on the reauthorization schedule for tax provisions before the end of the 97th Congress. Provides that each tax expenditure provision shall expire unless it is reauthorized by a law enacted during the Congress in which it is scheduled for review. Sets forth procedures and restrictions for the consideration of bills reauthorizing tax provisions, which are similar to the restrictions and procedures governing bills authorizing new budget authority for Federal programs as described in title I. Requires that the report accompanying a reauthorization bill include specified information. Permits Congress to prescribe technical rules necessary to mitigate adverse effects which might result for taxpayers who rely on a certain tax provision. Title V: Miscellaneous - Amends the Budget and Accounting Act of 1921 to permit the committees of Congress to obtain from the agencies of the Government estimates or requests for appropriations, or requests for increases in an item of any such estimate or request, and recommendations as to how the revenue needs of the Government should be met. Sets forth administrative procedures and requirements. Directs the President, with the cooperation of the head of each appropriate agency, to submit to the Congress a "Regulatory Duplication and Conflicts Report" for all programs scheduled for reauthorization in the next Congress. Requires that each such report identify duplicative or conflicting rules and regulations promulgated by executive departments, independent agencies, and State and local governments and contain recommendations which address such conflicts or duplications. Directs the chairmen of the House and Senate committees having jurisdiction over a program scheduled for reauthorization during a Congress, to introduce a bill constituting a reauthorization within 15 days of the beginning of the second session of that Congress. Declares that it shall be in order to discharge a committee from consideration of such a bill if the committee fails to report the bill by a specified date. Makes it the duty of the Committees on Governmental Affairs and on Rules and Administration of the Senate and the Committees on Government Operations and Rules of the House of Representatives to review the operation of the procedures established by this Act and to submit a report every five years beginning December 31, 1988. Authorizes appropriations through fiscal year 1992.
United States · United States Congress · 4 December 1980
Amends the Tariff Schedules of the United States to authorize the President to proclaim a rate of duty not lower than .01 cents per pound raw value for specified sugar products. Stipulates that at the time of such finding the world price of sugar must exceed double: (1) the existing level of the domestic sugar loan program; or (2) if such program is suspended, its level at the time of suspension.
United States · United States Congress · 1 December 1980
Research and Experimentation Equipment Donations Tax Act of 1980 - Amends the Internal Revenue Code to provide for an unreduced charitable tax deduction for the donation to a governmental unit or tax-exempt charitable organization, solely for educational purposes or for research or experimentation, of property constructed by the taxpayer. Requires such contribution within two years after completion of such construction. Allows such deduction without reduction for imputed gain. Makes special rules for donations of inventory.
United States · United States Congress · 18 September 1980
Requests the President to designate May 13 of each year as "National Indian Day."
United States · United States Congress · 20 August 1980
Amends the Internal Revenue Code to allow an income tax credit of 25 percent of the qualified research and experimental expenditures paid or incurred by a taxpayer in connection with his trade or business. Defines "qualified research and experimental expenditures" as those business-related expenditures which are currently deductible under provisions of the Internal Revenue Code, but limits the scope of such expenditures 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, or research carried on in the taxpayer's behalf. Limits the amount of expenditures eligible for the credit to those which exceed 100 percent of the annual average of such expenditures for the immediately preceding three years. Provides for a three-year carryback and seven-year carryover of unused credits.
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.
United States · United States Congress · 19 August 1980
Designates August 2, 1981, as "National Day of Peace."
United States · United States Congress · 18 August 1980
Authorizes and requests the President to designate September 18, 1980, as "Constantino Brumidi Day."
United States · United States Congress · 24 July 1980
Amends the Internal Revenue Code to increase from $20,000 to $75,000 in 1980 (with inflation adjustments in 1981 and thereafter) the earned income exclusion for U.S. citizens working abroad who are bona fide residents of a foreign country. Repeals the requirement that, as a condition of their employment, such individuals reside in a hardship area. Reduces from 17 to 11 months the residency requirement for such exclusion. Waives such requirement if the Secretary of the Treasury determines that such individuals were required to leave a foreign country because of war, civil unrest, or other adverse conditions before the end of the 11 month period, and that they would have otherwise met such residency requirement. Provides for an income tax exclusion for the value of employer-provided lodging in a camp in cases where satisfactory housing is not generally available. Reduces from 17 to 11 months the foreign residency requirement with respect to the deduction for certain housing expenses of living abroad.
United States · United States Congress · 21 July 1980
Disapproves the President's determination transmitted to Congress on March 26, 1980 (against providing import relief for the leather wearing apparel industry).
United States · United States Congress · 25 June 1980
Expresses the sense of Congress that the present level of the trade deficit with Japan is intolerable and threatens the future of trade between our nations. Urges Japan to cooperate in correcting such deficit.
United States · United States Congress · 23 June 1980
Disapproves the proposed export of low-enriched uranium to India.
United States · United States Congress · 18 June 1980
Amends the Internal Revenue Code to exempt from income taxation any income resulting from the transfer of stock to an individual exercising a stock option under an incentive stock option plan. Specifies that the optionee may not dispose of stock within two years after an option is granted nor within one year after the transfer of shares. Requires that the optionee be an employee of the corporation granting such option at all times during the period after an option is granted and for three months after such option is exercised. Defines "incentive stock option" as an option granted to an individual in connection with employment by a corporation to purchase stock of such corporation. Sets forth the following conditions for the granting of such options: (1) approval of a plan for granting options by the shareholders of the corporation; (2) the granting of options within ten years of either the adoption or approval of the plan; (3) the termination of the option after ten years; (4) an option price which is not less than the fair market value of the stock subject to such option; (5) the nontransferability of the option; and (6) the optionee may not hold more than ten percent of the stock of the corporation, unless the option price is at least 110 percent of the fair market value of the stock subject to the option and such option is terminable five years after it is granted.
United States · United States Congress · 12 June 1980
Authorizes and requests the President to designate October 12 through October 19, 1980, as "Italian-American Heritage Week."
United States · United States Congress · 11 June 1980
Prevention, Identification, and Treatment of Adult Abuse Act of 1980 - Directs the Secretary of Health and Human Services to establish as an office the National Center on Adult Abuse. Requires the Secretary, through such Center, to: (1) compile and disseminate annually a summary of recently conducted research on adult abuse, neglect, and exploitation; (2) develop an information clearinghouse on all programs for prevention and treatment of such occurrences; (3) compile and disseminate training materials for personnel engaged in the prevention or treatment of such abuse; (4) provide technical assistance to public and nonprofit agencies and organizations to assist in programs and activities relating to adult abuse; (5) conduct research into the causes and prevention of such behavior; and (6) study and investigate the national incidence of adult abuse. Authorizes the Secretary to make grants or enter into contracts with public agencies or nonprofit organizations for demonstration programs and projects designed to prevent, identify, and treat adult abuse, neglect, and exploitation. Permits such funding to be used for the development and establishment of training programs for personnel in relevant fields, for the establishment of local centers, and for furnishing the services of trained personnel to small communities. Authorizes the Secretary to make grants to the States to assist in developing, and carrying out adult abuse, neglect, and exploitation prevention and treatment programs. Requires each State to have an adult abuse and exploitation law in effect which is actively enforced to qualify for such grants. Authorizes appropriations to carry out the purposes of this Act.
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."
United States · United States Congress · 4 June 1980
Extends the congratulations of the House of Representatives to the Order of the Sons of Italy in America for their 75th anniversary.
United States · United States Congress · 29 May 1980
Extends the congratulations of the House of Representatives to members of the 1980 handicapped Olympic team and recognizes specified organizations for their efforts in producing the second winter Olympics for the physically handicapped.
United States · United States Congress · 14 May 1980
Authorizes and requests the President to designate the seven-day period beginning October 5, 1980, as "National Port Week." Directs the Secretary of Commerce to report annually to Congress on the conditions of U.S. public ports.
United States · United States Congress · 8 May 1980
Amends title XVI (Supplemental Security Income) of the Social Security Act to provide for payment of past due benefits to a deceased beneficiary's: (1) eligible spouse; (2) spouse with whom such beneficiary was living at the time of his/her death or last illness; or (3) representative payee where such payee had furnished the beneficiary with the necessaries of life during the period of such underpayment.
United States · United States Congress · 29 April 1980
Amends the Act which established the Lowell National Historical Park, Massachusetts, to specify that any revenues or other assets acquired by the Lowell National Historical Park Advisory Commission by donation, the lease or sale of property, or fees for services shall be available to the Commission, without fiscal year limitation, to be used for any authorized function of the Commission. Directs the Secretary of the Interior to require audits of the financial records of the Commission to be conducted not less frequently than once each year.
United States · United States Congress · 16 April 1980
Calls upon the President to: (1) increase humanitarian assistance to East Timor; (2) encourage Indonesia to allow free emigration from East Timor; (3) establish a U.S. presence in East Timor; and (4) encourage Indonesia to withdraw its troops from East Timor and allow self-determination for the East Timorese.
United States · United States Congress · 15 April 1980
Disapproves the President's imposition of import fees on petroleum and petroleum products pursuant to the Trade Expansion Act of 1962.
United States · United States Congress · 1 April 1980
Proclaims October 19, 1981, a national day of celebration as the two hundredth anniversary of the victory of General George Washington at Yorktown, Virginia.
United States · United States Congress · 31 March 1980
Amends the Internal Revenue Code to extend from June 15, 1981, to July 1, 1986, the termination date for certain provisions of the Tax Reform Act of 1976 relating to the allowance of a deduction for the amortization of certain rehabilitation expenditures for certified historic structures.
United States · United States Congress · 5 March 1980
Amends the Internal Revenue Code to allow an individual, who pays more than half of the total heating expenses for his or her principal residence for heating oil, a nonrefundable income tax credit not to exceed $300 in the case of a head of household or married individuals filing jointly, or $150 in the case of single individuals or married individuals filing jointly. Reduces the amount of such credit if the taxpayer's adjusted gross income exceeds certain specified levels or if the taxpayer is receiving Federal assistance.
United States · United States Congress · 5 March 1980
Fuel Assistance Act of 1980 - Directs the Secretary of Health and Human Services, in cooperation with the Secretary of Energy, the Director of the Community Services Administration, and the Secretary of Housing and Urban Development, to establish procedures for determining the needs of eligible low-income and elderly households for increased weatherization and other energy-related assistance and for providing such assistance on a timely basis. Earmarks specified funds for public information and outreach programs. Directs the Secretary to establish a program to provide assistance to low-income and elderly households to aid in meeting primary residential fuel costs. Sets forth criteria for determining the amount of such assistance, and requirements for eligibility. States that the benefits provided under such program shall not be considered income or resources for any purposes under any Federal or State law. Establishes a payment system for fuel suppliers supplying fuel to eligible recipients. Requires such suppliers to provide specified information to the appropriate State agency to qualify for such payments. States that such program shall be administered by the appropriate State agency according to an agreement between such agency and the Secretary, or, in the absence of such agreement, by the Secretary in accordance with his regulations. Requires suppliers to keep full records and submit them to the Comptroller General as needed for auditing purposes. Prohibits suppliers from refusing to sell fuel to eligible participants solely on the basis of their participation in the fuel assistance programs established under this Act. Prohibits suppliers from terminating supplies of primary residential fuel to eligible households except in accordance with specified procedures. Imposes criminal penalties for violation of this Act. Authorizes the Secretary to issue necessary regulations. Directs the Director of the Community Services Administration to establish a crisis intervention program to supplement the fuel assistance program with evacuation procedures, emergency shelter, home repair, or payment of bills. Authorizes appropriations for such program for fiscal years 1980 through 1982.
United States · United States Congress · 27 February 1980
Designates the week beginning March 8, 1981, as "Women's History Week."
United States · United States Congress · 26 February 1980
Research Revitalization Act of 1980 - Amends the Internal Revenue Code to permit a taxpayer engaged in a trade or business an income tax credit equal to 25 percent of the cash contributions made by such taxpayer to a reserve fund established to finance research or experimentation related to the taxpayer's business. Limits the total amount of such credit to five percent of the taxable business income of the taxpayer for the taxable year. Exempts such reserve fund from income taxation. Allows an income tax deduction for research expenses paid out of the reserve fund during the taxable year. Specifies that research financed pursuant to this Act shall be performed by an institution of higher education. Prescribes tax penalties for the use of funds from the research reserve for purposes other than research and experimentation.
United States · United States Congress · 12 February 1980
Amends the Internal Revenue Code to allow an income tax deduction to business enterprises engaged in the manufacture, importation, distribution, lease, or sale of products for which such businesses may incur product liability for contributions to their product liability loss reserve accounts and for amounts paid to captive insurers (wholly or partially-owned by such businesses) for product liability insurance. Requires that such businesses demonstrate difficulty in obtaining product liability insurance at reasonable rates. Disallows any deductions for product liability losses which do not exceed the sum of the total trust funds in the taxpayer's account at the beginning of the taxable year plus the amount of deductible payments made by the taxpayer to the account during such year. Imposes penalties for the improper use of product liability reserve funds.
United States · United States Congress · 6 February 1980
Tax Reduction Act of 1980 - Amends the Internal Revenue Code to reduce individual income tax rates. Increases the zero bracket amount (formerly, the standard deduction) for individual taxpayers. Allows a refundable income tax credit equal to ten percent of the social security taxes paid by employers, employees, and self-employed individuals during the taxable year. Reduces corporate income tax rates. Allows an income tax credit for research and experimental expenditures paid or incurred in a taxpayer's trade or business which are in excess of 2.5 percent of the gross receipts of such trade or business for the taxable year. Provides for the carryover and carryback of excess credit amounts. Provides for a taxpayer election of a useful life for small business depreciable assets which does not vary from established class life guidelines by more than 20 percent. Permits the disregard of the salvage value of a small business depreciable asset. Raises the allowable amount of equity capital of a small business corporation which issues stock eligible for ordinary loss treatment from $1,000,000 to $2,000,000.
United States · United States Congress · 30 January 1980
Vietnam Era Veterans Agent Orange Act - Establishes a presumption of service-connected disability for certain diseases arising in Vietnam-era veterans (and for birth defects in their children) exposed to agent orange.
United States · United States Congress · 23 January 1980
Amends the Internal Revenue Code to exclude research and experimental expenditures connected with a taxpayer's trade or business from the computation of expenditures which determines whether a bond issue qualifies for the alternative $10,000,000 small issue exemption from the industrial development bond interest inclusion rules.
United States · United States Congress · 23 January 1980
Amends the Tariff Schedules of the United States to permit the duty-free entry of trimethylene glycol di-p-aminobenzoate until after December 31, 1982.
United States · United States Congress · 23 January 1980
Expresses the sense of the Congress that April 22, 1980, should be observed and celebrated as "Earth Day, 1980."