United States · United States Congress · 20 June 1985
Amends the Trade Act of 1974 to permit specified domestic entities, before the 75th day after either the filing of a petition for import relief regarding a perishable commodity or the beginning of an investigation regarding a perishable commodity, to file a request with the International Trade Commission (the Commission) for interim import relief for the domestic industry producing a competitive commodity. Requires the Commission, within 45 days after receiving a request for interim import relief to make its decision and recommend, if relief is to be granted, the form of relief. Directs the Commission to recommend interim import relief if it has reason to believe that: (1) the domestic industry producing the competitive perishable commodity is likely to be irreparably harmed if relief is not granted; and (2) the imports are of such a quantity as to be a substantial cause of serious injury, or threat thereof, to the domestic industry. Directs the Commission, if it recommends import relief, to recommend to the President interim relief in the form of: (1) an increased duty on the perishable commodity; (2) a tariff-rate quota on the commodity; or (3) such other relief as is necessary to prevent irreparable harm. Requires the President, within seven days after receiving a recommendation from the Commission, to decide whether or not to provide relief. Gives the President the option, under certain circumstances, to proclaim import relief in the form of quantitative restrictions. Provides that the interim import relief shall terminate the day on which either: (1) the Commission notifies the Commissioner of Customs that the Commission did not find, pursuant to its investigation, a serious injury or threat to the domestic industry concerned; or (2) the President, after receiving a report from the Commission, determines not to provide import relief. Lists the perishable commodities covered by this Act.
United States · United States Congress · 20 June 1985
International Airport Security Cooperation Act - Directs the Secretary of State (the Secretary) to determine: (1) which countries are high terrorist threats; (2) which international airports in such countries are serviced by United States air carriers or frequently used by United States citizens; and (3) which of these airports do not comply with minimum international airport security standards. Requires the Secretary, within six months after the date of enactment of this Act, to publish in the Federal Register a list of the airports identified as especially vulnerable to terrorist threats, and to update such list at least every six months. Requires the Secretary to publish in the Federal Register and to publicize widely a travel advisory regarding such airports. States that with respect to international airports which fail to meet minimum security standards, the President shall prohibit: (1) U.S. air carriers from landing at such an airport; (2) all air carriers of the country in which the airport is located from landing at U.S. airports; and (3) the air carriers of all other countries from making direct flights between that airport and the United States. Authorizes the President to waive such sanctions if a national security or humanitarian emergency requires such waiver. Directs the President to suspend assistance under the Foreign Assistance Act of 1961 or the Arms Export Control Act to any countries which are the sites of international airports which are officially listed as especially vulnerable to terrorist threats and have not met minimum international airport security standards. Permits the President to lift the travel advisory and sanctions only if the minimum international airport security standards have been met. Precludes the lifting of any sanction until 15 days after the Congress has been notified. Requires the Secretary to call for an immediate meeting of the International Civil Aviation Organization to: (1) discuss international airport compliance with existing international security standards; (2) upgrade security standards for international airports; and (3) call on the member countries of the International Civil Aviation Organization to enforce such Organization's existing standards and impose a moratorium on the use of any international airport which does not comply with such standards. Directs the Secretary immediately to seek to renegotiate existing treaties regarding enforcement procedures with respect to aircraft hijacking and to establish an international sky marshal program.
United States · United States Congress · 6 June 1985
Older Workers' Pension Rights Protection Act of 1985 - Amends the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code to require pension plans to allow: (1) participation by employees nearing retirement age; and (2) benefit accrual by participants to continue past normal retirement age.
United States · United States Congress · 6 June 1985
Antitrust Damages Clarification Act of 1985 - Provides that no damages, costs, or attorney's fees shall be awarded under an antitrust suit with respect to the establishment or use of any rate, charge, or premium filed with a State insurance department or authorized, approved, or permitted to become effective pursuant to State insurance laws. Applies this Act to pending cases.
United States · United States Congress · 5 June 1985
Designates the period of October 1, 1985, through September 30, 1986, as the time to reflect on the achievements of the Peace Corps during its 25 years and on ways such programs might be used in the future. Authorizes and requests the President to proclaim this period as a time to honor Peace Corps volunteers and reaffirm the Nation's commitment to such programs.
United States · United States Congress · 5 June 1985
Declares that Aleksandr Shatravka should be released from imprisonment by the Soviet Union and should be accorded his full rights under international law, including freedom of the workplace and freedom of travel. Urges the Secretary of State to raise this case at appropriate world forums, including the U.N. General Assembly and review meetings of the Conference on Security and Cooperation in Europe.
United States · United States Congress · 23 May 1985
Amends part A (General Provisions) of title XI of the Social Security Act to extend the income and eligibility verification system so as to require an applicant or benefit recipient, as a condition of eligibility for or receipt of benefits under part A (Aid to Families with Dependent Children) of title IV of such Act, title XVI (Supplemental Security Income) of such Act, title XIX (Medicaid) of such Act, the food stamp program, or the unemployment insurance compensation program, to declare in writing whether or not he or she is a U.S. citizen, and, if a U.S. citizen his or her immigration status and file number. Requires the Commissioner of Immigration and Naturalization to implement a verification system of immigration status to be made available to all States by October 1, 1985.
United States · United States Congress · 23 May 1985
Ten Percent Flat Tax Rate Act - Title I: Ten Percent Tax Rate for Individuals; Tax Simplification - Amends the Internal Revenue Code to impose a tax on every individual equal to ten percent of the taxable income for the taxable year. Repeals the alternative minimum tax. Repeals the following tax credits: (1) interest on certain mortgages; (2) foreign tax credit; (3) tax withheld on wages; (4) tax withheld at source on nonresident aliens and foreign corporations; and (5) certain uses of gasoline and special fuels. Provides that only the following provisions relating to inclusions in and exclusions from gross income will apply to individuals: (1) certain death benefits provisions; (2) interest on certain governmental obligations; (3) mortgage subsidy bond provisions; (4) compensation for injuries and sickness; (5) amounts received under accident and health plans; (6) contributions by employer to accident and health plans; (7) rental value of parsonages; (8) scholarships and fellowship grants; (9) amounts received under insurance contracts for living expenses; (10) cafeteria plans; (11) certain foster care payments; and (12) fringe benefits provisions. Expands the exclusion of scholarships from gross income. Excludes from gross income amounts received or accrued by an individual on account of temporary, permanent, or total disablement and inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment. Repeals the taxation of Social Security and tier one railroad retirement benefits. Increases the allowance for the personal exemption from $1,000 to $2,000. Provides for the indexing of the personal exemption. Permits individuals to expense depreciable property rather than taking a depreciation deduction for such property. Disallows the following deductions for individuals: (1) losses; (2) amortization of pollution control facilities; (3) circulation expenditures; (4) research and experimental expenditures; (5) soil and water conservation expenditures; (6) depreciation or amortization of improvements made by lessee on lessor's property; (7) election to expense certain depreciable property; (8) expenditures by farmers for clearing land; (9) expenditures to remove architectural and transportation barriers to the handicapped and elderly; (10) amortization of reforestation expenditures; and (11) start-up expenditures. Repeals the individual deductions for medical and dental expenses and the deduction for two-earner married couples. Provides that individuals are only permitted to use cost depletion. Prohibits the use of the foreign tax credit by individuals. Repeals the deduction for capital gains for individuals and repeals the estate and gift taxes. Title II: Tax Amnesty - Provides for a one-time amnesty from criminal and civil tax penalties for taxpayers who: (1) file a written statement with specified information concerning any underpayment of tax; (2) pay the amount of such underpayment when filing the statement; and (3) within 30 days of notification of the amount of such interest or delinquency. Permits installment payments of tax due in certain cases. Disallows an amnesty period for taxpayers against whom a tax deficiency has already been assessed, who have committed fraud in seeking amnesty, or against whom a criminal investigation is pending. Establishes a special fund in the Treasury for taxes recovered under such amnesty program. Requires that revenues from such fund be used to offset possible revenue losses, if any, resulting from title I of this Act.
United States · United States Congress · 22 May 1985
Korean War Veterans Memorial Act of 1985 - Authorizes the American Battle Monuments Commission to erect a memorial on Federal land in the District of Columbia or its environs to honor members of the U.S. armed forces who served in the Korean war. Subjects the selected site, design, and plans for the construction of such memorial to the approval of the National Commission of Fine Arts and the National Capital Planning Commission. Directs that, upon its completion, the memorial shall be turned over to the Department of the Interior which shall then be solely responsible for its maintenance. Authorizes appropriations.
United States · United States Congress · 21 May 1985
Defense Procurement Conflict of Interest Act - Prohibits a former officer or employee of the Department of Defense (DOD) or former retired member of the uniformed services from accepting compensation from a Government contractor for two years following the individual's separation from Government service if, during the two years preceding separation from service, such individual had significant responsibilities for a procurement function with respect to that Government contractor. Specifies penalties for violations of this prohibition. Requires defense contractors to include in defense contracts a provision stating that the contractor agrees not to compensate an individual who falls under such category. Specifies penalties for a contractor's violation of this requirement. Requires contractors subject to such a contract term to issue an annual report listing specified information concerning individuals who had significant responsibilities for a procurement function, left Government within the previous two years, and were compensated by that contractor after leaving Government service. Requires a copy of each such report to be sent to the Inspector General of DOD. Requires the Inspector General to assess such reports and report any possible violations to the Attorney General. Provides penalties for those contractors failing to file such reports. Requires the Director of the Office of Government Ethics to have access to such reports and to submit an annual report to the Congress concerning such reports. Excludes from application of these sections those contracts for an amount less than $100,000. Requires the Secretary of Defense, not later than 180 days after enactment of this Act, to delineate the procurement functions covered by these sections and provide a list of such functions to the Congress. Allows an individual who is offered compensation which might be in violation of this Act to apply to the Director of the Office of Government Ethics for advice on the applicability of this Act to the acceptance of such compensation. Requires such application to be made jointly by the individual and the contractor proposing the compensation. Outlines information to be included in such application for advice. Requires the Director to publish notice of the application in the Federal Register.
United States · United States Congress · 16 May 1985
Amends title XVIII (Medicare) of the Social Security Act to provide coverage for therapeutic shoes for individuals with severe diabetic foot disease, if the shoes are prescribed by a physician and fitted and furnished by a certified orthotist. Limits such coverage to one pair of shoes annually and $375 annually.
United States · United States Congress · 16 May 1985
Expresses the sense of the Congress that U.S. national security policy should reflect a national strategy of peace through strength. Sets forth the principles and goals of such policy.
United States · United States Congress · 14 May 1985
Amends title XVIII (Medicare) of the Social Security Act to provide Medicare coverage for anesthesia services and related care provided by a registered nurse anesthetist.
United States · United States Congress · 9 May 1985
Amends the Tariff Act of 1930 to include in the definition of "subsidy" (for countervailing duty purposes) any resource input subsidy as provided for under the provisions of this Act. States that a "resource input subsidy" is found to exist if: (1) (a) a product is provided or sold by a government-regulated or controlled entity within a country for input use within such country at a domestic price that is lower than the fair market value of the input product and is not freely available to U.S. producers; and (b) a product would, if sold at the fair market value, constitute a significant portion of the total cost of the manufacture or production of the merchandise in or for which the input product is used; or (2) under specified circumstances, the right to remove or extract such product is provided or sold by a government or a government-regulated or controlled entity within a country. Sets forth the method of calculation for the amount of a resource input subsidy. Defines "fair market value" and "input use" for purposes of this Act. Requires injury determinations by the U.S. International Trade Commission to be made in all countervailing duty investigations relating to the existence of resource input subsidies.
United States · United States Congress · 9 May 1985
Condemns specified actions of the Sandinistas and the action of Nicaraguan President Ortega in traveling to Moscow as evidence of an effort by the Sandinistas to strengthen ties with the Soviet Union.
United States · United States Congress · 8 May 1985
Expedited Funds Availability Act - Requires the Board of Governors of the Federal Reserve System to begin to develop a system to provide that: (1) funds deposited by checks drawn on a local depository institution shall be available for withdrawal the next business day following the day of deposit; and (2) for all other checks, not more than three business days shall pass between the day of deposit and the day on which the funds become available. Requires such system to be implemented no later than five years after the date of enactment of this Act. Requires the Board, not later than six months after the date of enactment of this Act and annually thereafter until such goal is achieved, to report to the Congress concerning the actions it has taken. Sets forth time standards for expedited check clearing in any case in which funds are deposited by check in an account at a depository institution. Requires cash deposits to be available on the next business day. Makes exceptions to such standards with respect to: (1) checks drawn on a depository institution or an office of a depository institution located outside of the United States; (2) deposits of checks aggregating more than $5,000 in any account on any business day, excluding cashier's and certified checks beginning two years after enactment of this Act; (3) deposits made by new depositors within the first 30 days after opening an account, excluding cashier's and certified checks beginning two years after enactment of this Act; (4) any account that is overdrawn three times in six months; and (5) emergencies beyond the control of the depository institution. Permits a State to require, or a depository institution to provide for, shorter time periods for deposit availability. Requires interest to accrue on funds deposited in interest-bearing accounts beginning on the business day of deposit. Requires a depository institution to meet specified disclosure requirements concerning its general policy on the availability for withdrawal of funds deposited by check. Authorizes the Board to publish model disclosure forms and clauses for common transactions. Directs the Board to establish a Payments System Advisory Council to advise and consult with it in the exercise of its functions under this Act. Sets forth provisions governing: (1) the administrative enforcement of this Act; and (2) the civil liability of institutions that fail to comply with this title.
United States · United States Congress · 8 May 1985
Amends the Internal Revenue Code to allow an individual taxpayer an income tax deduction for contributions to a savings account established to pay the educational expenses (tuition, supplies, meals, and lodging) of the taxpayer's dependent child at an institution of higher education or a vocational school. Limits the amount of such deduction to $1,000 (adjusted for inflation) for each account per calendar year. Disallows any deduction for contributions to an account for individuals who have attained age 19. Provides that no account may have more than one beneficiary and that no individual may be a beneficiary of more than one account. Permits the deferral of income tax on income accumulated in such education savings accounts as long as such amounts are used exclusively for educational expenses. Specifies penalties for the use of account funds for other than educational purposes. Requires that the trustee of an education savings account file reports with the Secretary of the Treasury on the maintenance of the account. Imposes penalties for not filing required reports. Extends the deduction for contributions to an education savings account to taxpayers who do not otherwise itemize deductions. Excludes from the gross income of account beneficiaries any distributions from the account made on their behalf which are used for educational expenses.
United States · United States Congress · 8 May 1985
Amends the Internal Revenue Code to allow individual taxpayers who have attained the age of 18 an income tax deduction for contributions (cash or readily tradeable securities) to a savings account established for the exclusive purpose of financing the taxpayer's first principal residence. Limits the aggregate amount allowable as a deduction under this Act to any individual for any taxable year to 15 percent of such individual's adjusted gross income. Provides that the amount allowable as a deduction to all taxpayers for amounts paid or transferred to a house savings account may not exceed $1,500 ($3,000 for accounts of married couples). Provides for a $15,000 maximum lifetime deduction ($30,000 for joint returns), with annual inflation adjustments. Limits to ten years the period during which deductible contributions may be made to housing savings accounts. Prohibits any individual from being a beneficiary of more than one account. Excludes distributions from a housing savings account from the gross income of its beneficiary if such distributions are used exclusively for the purchase of a principal residence. Exempts a housing savings account from taxation. Provides for the forfeiture of such exemption where the taxpayer uses the account for certain prohibited purposes. Imposes a penalty on distributions from an account which are used for a prohibited purpose. Requires the trustee of a housing savings account to file a report on the maintenance of the account. Imposes a penalty for the failure to file any required report.
United States · United States Congress · 7 May 1985
Allowable Cost Reform Act - Requires that a contract with the Department of Defense for an amount more than $25,000 that is flexibly priced or for which certain cost or pricing data is required must: (1) disallow certain costs; and (2) impose a penalty on a contractor who submits a claim for reimbursement of such a cost. Provides that the following costs are disallowed under such a contract: (1) costs of amusement and social activities; (2) costs incurred to influence action on legislation or appropriation matters pending before the Congress; (3) costs of the defense of any fraud proceeding; (4) fines and penalties imposed for noncompliance with Federal, State, or local laws and regulatons; (5) costs of memberships in any social or dining club or organization; (6) alcoholic beverages; (7) contributions or donations; (8) advertising; and (9) models, gifts, souvenirs, or other memorabilia. Requires the Secretary of Defense to issue regulations concerning the allowability of contractor costs. Requires the Secretary to submit to the House and Senate Armed Services Committees a report identifying: (1) the nature of the proposed changes to be made to current cost principles; and (2) the potential effect of such changes on future requests for reimbursement of contractor costs. Requires the Secretary to allow resolution of challenged expenses by negotiation and settlement. Requires the Secretaries of the military departments and the Directors of the Defense Agencies to prescribe regulations to limit to five years the duty assignment for certain contracting officials to any particular contractor.
United States · United States Congress · 7 May 1985
Prohibits imports from Nicaragua. Amends the Export Administration Act of 1979 to prohibit exports to Nicaragua, except for certain medical supplies and foodstuffs.
United States · United States Congress · 7 May 1985
Constitutional Amendment - Declares that nothing in the Constitution shall abridge the right of persons to participate in voluntary prayer in public schools or institutions. States that no person shall be required by the United States or by any State to participate in prayer. Prohibits the United States or any State from composing words of prayer to be said in the public schools.
United States · United States Congress · 2 May 1985
Veterans' Housing and Memorial Affairs Amendments of 1985 - Directs the Administrator of Veterans Affairs to report to the Congress a plan to expand the national cemetery system in at least ten areas with the greatest need. Directs the Administrator to consider acquiring existing State cemeteries to meet such need. Gives contingent dates for the submission of the first such report. Amends provisions concerning national cemeteries and memorials to require that each grave marker in a national cemetery be upright. Provides an exception for individuals requesting flat markers. Requires the Administrator, no later than January 1, 1986, to designate for each cemetery in the National Cemetery System a section for graves with upright markers and a section for graves with flat markers. Directs the Administrator to establish a national cemetery in Merced County, California, on land which is donated by the Romero Ranch Company. Authorizes the Administrator to assist certain disabled veterans in acquiring a residence already adapted with special features deemed necessary due to the veteran's disability. Expresses the sense of the Congress that the one-percent loan origination fee charged by the Veterans Administration (VA) to veterans obtaining a home loan guaranteed by the VA should not be increased. Directs the President to request additional appropriations if he finds that additional funding for the VA home loan guarantee program is required.
United States · United States Congress · 2 May 1985
Veterans' Compensation Benefits Amendments of 1985 - Directs the Administrator of Veterans Affairs to establish a regional office of the Veterans Administration (VA) in each State, while maintaining its central office in the District of Columbia. Adds the loss or loss of use of one hand or foot or one lung to those extremities given special consideration in the determination of veterans' disability compensation. Expresses the sense of the Congress that payments by the VA to veterans as compensation for service-connected disabilities should remain exempt from Federal taxation, and that the President should reject any proposals to tax such payments. Raises the coverage of life insurance benefits for veterans under the Servicemen's Group Life Insurance program. Allows veterans who are members of the Retired Reserve as of January 1, 1986, to receive such increased coverage. Makes conforming changes to the Veterans' Group Life Insurance program, similarly granting members of the Individual Ready Reserve and the Inactive National Guard eligibility under such program. Makes eligible for certain veterans' benefits members of the National Guard or Air National Guard who perform full-time duty for training purposes after September 30, 1985. Makes former members of the National Guard or Air National Guard eligible if such member continuously served in such status for 181 days or more. Extends through September 30, 1988, the authority of the VA to operate a regional office in the Republic of the Philippines. Entitles surviving spouses of the Commandant of the Coast Guard to the same dependency and indemnity compensation rate as that accorded to surviving spouses of the chief of the other military services. Makes technical amendments to the Veterans' Benefits Improvement Act of 1984 and other Federal law.
United States · United States Congress · 1 May 1985
Directs the U.S. Postal Service to submit to the 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 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 the Congress adopts a resolution disapproving it within 60 days after it is submitted to the Congress.
United States · United States Congress · 30 April 1985
Social Security Budget Integrity Act of 1985 - Amends title VII (Administration) of the Social Security Act to exclude from Federal budget totals and limitations: (1) the receipts and disbursements of the Federal Old-Age and Survivors Insurance Trust Fund; and (2) employment related social security taxes. Repeals a superseded provision of the Social Security Amendments of 1983 relating to budgetary treatment of social security trust operations as it relates to the Federal Old-Age and Survivors Insurance Trust Fund.
United States · United States Congress · 25 April 1985
States that on the occasion of President Jose Napoleon Duarte's trip to the United States, the House of Representatives applauds him and the Government of El Salvador and expresses its appreciation for his leadership in the campaign to immunize the children of El Salvador.
United States · United States Congress · 24 April 1985
Korean War Memorial Act - Directs the Secretary of the Interior to erect and maintain a memorial on Federal land in the District of Columbia or its environs to honor members of the U.S. armed forces who served in the Korean War. Subjects the selected site, design, and plans for the construction of such memorial to the approval of the National Commission of Fine Arts and the National Capital Planning Commission. Authorizes appropriations.
United States · United States Congress · 22 April 1985
Prohibits imports of beef, bananas, or sugar from Nicaragua until the President finds that the policies of the Nicaraguan Government regarding opposition to the resistance forces and a democratic government are consistent with its obligations under the terms of the Nicaraguan revolution and the promises made to the Organization of American States.
United States · United States Congress · 17 April 1985
Directs the President to take steps to ensure: (1) substantial equivalence between the number, status, and privileges and immunities of Soviet officers or employees in the United States and the number, status, and privileges and immunities of U.S. officers and employees in the Soviet Union; and (2) that comparable restrictions regarding travel, accommodations and facilities are imposed on Soviet officers and employees living in the United States as are imposed on U.S. officers and employees living in the Soviet Union. Requires the President to report to the Congress on actions taken to carry out this Act.
United States · United States Congress · 15 April 1985
Public Securities Act of 1985 - Title I: Establishment of a Self-Regulatory Organization with Respect to Municipal and Government Securities - Amends the Securities Exchange Act of 1934 to expand provisions concerning the registration, regulation, and disciplining of municipal securities dealers to govern all public securities dealers. Defines "public securities" as municipal and Government securities. Reestablishes the Municipal Securities Rulemaking Board (MSRB) as the Public Securities Rulemaking Board (PSRB) and increases its membership by two. Empowers the Board to formulate rules regulating: (1) the amount of initial and maintenance margin in connection with the purchase, sale, or carrying of Government securities; (2) the type of deposit or collateral which shall be furnished; (3) the carrying of undermargined accounts for limited periods and under specified conditions; (4) the withdrawal of funds or securities; (5) the substitution or additional purchase of securities; (6) the transfer of accounts from one Government securities broker or dealer to another; (7) special or different margin requirements for delayed deliveries, short sales, repurchase and reverse repurchase agreements, and arbitrage transactions; and (8) the bases and methods to be used in calculating collateral deposits, margins, and market prices. Part B: Conforming Amendments - Sets forth conforming amendments. Empowers the Board of Governors of the Federal Reserve System to prescribe requirements for the initial or subsequent maintenance of a deposit in connection with the purchase, sale, or carrying of a Government security. Directs the Securities and Exchange Commission to consult with the Federal Reserve Board and the Department of the Treasury when prescribing capital requirements for Government securities dealers to assure that such requirements do not adversely affect the efficiency, liquidity, or integrity of Government securities markets. Title II: Transitional and Savings Provisions - Provides for the: (1) transfer and allocation of funds and personnel from the MSRB to the PSRB; (2) termination of the MSRB; and (3) continuation of MSRB authorities, administrative proceedings, and judicial proceedings. Title III: Effective Dates - Makes this Act effective 180 days after enactment. Provides effective dates for appointment and rulemaking authority under this Act.
United States · United States Congress · 4 April 1985
Amends part B (Supplementary Medical Insurance) of title XVIII (Medicare) of the Social Security Act to provide coverage for outpatient occupational therapy services.
United States · United States Congress · 4 April 1985
Renewable Energy and Conservation Transition Act of 1985 - Title I: Extension of Business Energy Credits - Amends the Internal Revenue Code to extend the energy investment tax credit for solar energy property from 1985 to 1990. Sets the amount of such credit during such period at 15 percent for low temperature solar property and 25 percent for all other solar property. Extends the energy investment tax credit for wind property from 1985 to 1988. Sets the amount of such credit at: (1) ten percent during 1986 and 1987; and (2) five percent during 1988. Extends the energy investment tax credit for geothermal property and biomass property from 1985 to 1988. Extends the energy investment tax credit for ocean thermal property from 1985 to 1990. Revises the definition of "solar property" for purposes of such tax credit. Sets forth special rules for geothermal equipment to qualify for such credit. Title II: Affirmative Commitment Rule to Extend the Business Credit for Certain Long-Term Projects - Extends the time period during which an affirmative commitment must be made in order for long-term energy projects to be eligible for the energy investment tax credit. Allows such extension: (1) from 1990 to 1993 for solar energy property; (2) from 1988 to 1990 for geothermal energy property; and (3) from 1985 to 1990 for hydroelectric generating property. Title III: Extension of Residential Energy Credits - Extends the residential energy income tax credit for solar renewable energy property from 1985 to 1990. Phases out such credit over such period of time. Provides that solar hot water systems and active space heating systems must meet certain additional standards in order to qualify for such credit. Extends the residential energy income tax credit for wind renewable energy property from 1985 to 1988. Phases out such credit over such period of time. Extends the residential energy income tax credit for geothermal renewable energy property from 1985 to 1988. Phases out such credit over such period of time. Revises the definition of geothermal deposits for purposes of such credit. Revises the definition of energy conservation expenditures for purposes of the residential energy income tax credit to limit the amounts taken into account to $700. Limits the energy conservation income tax credit to taxpayers with an adjusted gross income of less than $30,000. Title IV: Effective Date - Sets forth the effective date of this Act.
![Official portrait of Rep. Solomon, Gerald B. H. [R-NY-22]](https://www.congress.gov/img/member/s000675_200.jpg)