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
Food Stamp Reform Act of 1981 - Amends the Food Stamp Act of 1977 to authorize participating States, rather than the Secretary of Agriculture, to establish eligibility criteria for participation in the food stamp program. Eliminates the uniform eligibility disqualifications and the uniform value of allotment. Eliminates from the State plan of operation all references to or requirements relating to: (1) Federal programs; (2) determinations to be made by the Secretary of Agriculture; and (3) limitations placed on the State agency. Directs the State agency to establish a work program requiring performance of work as a condition of eligibility to receive benefits under the food stamp program. Permits States participating in the food stamp program to establish a program designed to encourage households receiving coupons to purchase nutritional food. Eliminates the Secretary's authority over the administration of the program by the State agencies. Eliminates the administrative cost-sharing and quality control provisions of such Act. Limits the percentage of funds a State agency may use for administrative costs. Eliminates the Secretary's authority to conduct pilot projects and study the feasibility of recovering food stamp benefits from specified households. Sets forth a formula for the distribution of funds by the Secretary to the participating States to provide benefits and pay administrative costs. Directs the State agency to submit annually to the Secretary reports setting forth the purposes for which such funds will be and have been disbursed. Eliminates all Federal restrictions on the value of allotments received by each participating State. Amends the Food Stamp Act Amendments of 1980 to eliminate specified medical deductions for determining income eligibility.
United States · United States Congress · 5 January 1981
Congressional Salary Act of 1981 - Amends the Federal Salary Act of 1967 to make any recommendations of the President relating to the salaries of Members of Congress, Delegates to the House of Representatives, and the Resident Commissioner from Puerto Rico purely advisory. Amends the Legislative Reorganization Act of 1946 to require that the annual rate of pay for Members of Congress, Delegates to the House of Representatives, the Resident Commissioner from Puerto Rico, and the Senate and House leadership be the rate payable for such positions on the date of enactment of this Act unless otherwise established by law. Prohibits any law increasing such rates of pay from taking effect before the first day of the Congress following the Congress during which such law is enacted.
United States · United States Congress · 5 January 1981
Amends the Internal Revenue Code to provide that bonds issued by a volunteer fire department to finance the acquisition, construction, reconstruction, or improvement of firefighting property shall be treated as obligations of a local government and the interest on such bonds shall be excluded from gross income. Provides that a volunteer fire department qualifies for such tax treatment of its bonds if it: (1) is organized and operated to provide firefighting services in an area which does not have any other firefighting services; (2) is required by a local government to furnish firefighting services; (3) receives over half of its funding from local government; and (4) makes no charge for its services.
United States · United States Congress · 5 January 1981
Limitation on Government Recordkeeping Requirements and Actions Act of 1981 - Prohibits any Federal agency from: (1) requiring any person to maintain, prepare, or produce records (other than records relating to a dangerous material) of an event more than four years after the event has occurred; and (2) commencing an action against a person for a violation of a regulation more than four years after such violation has occurred, except as otherwise provided by the Internal Revenue Code.
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
Amends the Federal criminal code to establish mandatory minimum two-year terms of imprisonment for the Federal crimes of burglary, aggravated assault, second degree murder, commission of an offense with a firearm or destructive device, rape, and robbery (including bank robbery). Increases the minimum term to four years for repeat offenders. Stipulates that the execution or imposition of sentences: (1) may not be suspended; (2) may not include probation or parole; and (3) is not subject to good time provisions or the Federal Youth Corrections Act. Specifies mitigating circumstances for the imposition of such mandatory sentences. Requires a sentencing hearing to determine if such circumstances are applicable.
United States · United States Congress · 5 January 1981
Amends the Internal Revenue Code to exclude employers from the imposition of Federal unemployment taxes for wages paid for services performed for camps by full-time students during fewer than 13 weeks in the year.
United States · United States Congress · 5 January 1981
Anti-Inflation Tax Act of 1981 - Amends the Internal Revenue Code to require annual cost of living adjustments, based on the Consumer Price Index, to individual income tax rates, the personal tax exemption, withholding requirements, and minimum income tax return amounts.
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
Age Discrimination in Employment Amendments of 1981 - Amends the Age Discrimination in Employment Act of 1967 to remove the existing 70-year upper age limit to which the discrimination prohibitions apply, thus extending coverage to all individuals who are at least 40 years of age. States that no exceptions to the prohibitions are permitted based on the nature of employment of an individual or entitlement to retirement benefits. Repeals mandatory retirement provisions for Federal civil service employees, District of Columbia employees, and Foreign Service employees.
United States · United States Congress · 5 January 1981
Youth Fair Labor Standards Amendments of 1981 - Amends the Fair Labor Standards Act of 1938 to permit employers, without prior certification by the Secretary of Labor, to pay 85 percent of the minimum wage: (1) to youths under age 20, for a 365-day period; and (2) to full-time students, with proof of enrollment at an institute of higher education, for part-time work up to 20 hours per week or full-time work during vacation periods. Directs the Secretary to insure against specified violations of requirements for such special minimum wages for youths and students. Makes employers liable for unpaid wages and overtime compensation for such violations.
United States · United States Congress · 5 January 1981
Individual Investors' Incentive Act of 1981 - Amends the Internal Revenue Code to allow individual taxpayers a nonrefundable income tax credit equal to ten percent of the cost of domestic stock purchased by such taxpayer during the taxable year. Limits the dollar amount of such credit to $1,000 ($2,000 for married individuals filing jointly). Limits such credit to one-tenth of the increase of the aggregate adjusted basis of the taxpayer's domestic stock for the taxable year. Disallows such credit if the taxpayer controls the corporation. Requires the recapture of specified amounts of such credit if any stock for which the credit is allowed is disposed of by the taxpayer within one year of purchase. Disqualifies estates, trusts, and nonresident aliens from eligibility for the credit.
United States · United States Congress · 5 January 1981
Intelligence Identities Protection Act - Amends the National Security Act of 1947 to establish criminal penalties for any person who knowingly discloses information which identifies a U.S. covert intelligence agent. Establishes a maximum penalty of ten years' imprisonment and/or a $50,000 fine for any person who, having had authorized access to classified information which identifies a covert agent, intentionally discloses such information. Establishes a maximum penalty of five years' imprisonment and/or a $25,000 fine for any person who, having had authorized access to classified information, learns the identity of a covert agent and intentionally discloses such information. Establishes a maximum penalty of three years' imprisonment and/or a $15,000 fine for any person who, in the course of an effort to identify covert agents "with intent to impair" U.S. foreign intelligence activities, discloses information identifying an agent. Directs the President to establish procedures requiring Federal agencies to provide assistance in concealing the identity of U.S. intelligence agents.
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 · 5 January 1981
Constitutional Amendment - Requires a two-thirds vote of both Houses of Congress to pass any concurrent resolution on the budget which carries a deficit.
United States · United States Congress · 5 January 1981
Constitutional Amendment - Prohibits the total appropriations of Congress from exceeding estimated revenues. Authorizes the suspension of such prohibition in time of war or national emergency. Prohibits any increase in the national debt as it exists on the date this article is ratified. Sets forth a schedule for repayment of the national debt.
United States · United States Congress · 5 January 1981
Constitutional Amendment - Provides for enactment and repeal of laws by popular vote, except for the constitutional powers of Congress to declare war and execute laws. Excludes the right to propose constitutional amendments. Requires an issue to be placed on the ballot in the next congressional election if a petition proposing enactment or repeal of a law is signed by a number of registered voters equal to three percent of the ballots cast in the last presidential election in each of one-quarter of the States. Requires for passage that such proposal receive a majority of electoral votes. Declares that no law passed by popular vote may be amended or repealed during the two-year period after enactment except by a two-thirds vote of each House of Congress.
United States · United States Congress · 5 January 1981
Establishes in the House of Representatives a Select Committee on Narcotics Abuse and Control to review problems of narcotics abuse, including enforcement, international trafficking, organized crime, and the criminal justice system with respect to narcotics law violations.
United States · United States Congress · 5 January 1981
Expresses the sense of the House of Representatives that it should limit legislative branch appropriations for the 97th Congress to no more than 90 percent of the legislative branch appropriations expended in the 96th Congress.
United States · United States Congress · 12 November 1980
Designates the laboratory known as the Brookhaven Laboratory in Upton, New York, as the John W. Wydler National Laboratory, effective on January 3, 1981.
United States · United States Congress · 2 October 1980
Comprehensive Health Care Reform Act - Title I: Cost Containment Incentives - Amends the Public Health Service Act by adding a new title XIX, "Standards for Health Benefit Plans." Disallows a trade or business expense deduction or an exclusion relating to contributions by employers to accident and health plans under the Internal Revenue Code by an employer who fails to meet the requirements of this title. Requires that an employer offer to his or her employees at least one group health benefit plan (to the extent that such a plan is available) for inpatient hospital services having an annual copayment for hospital services of at least 25 percent, to be paid by the employee. Excepts from such copayment requirement a period from the date on which an employee and his or her family have incurred out-of-pocket medical expenses during a calendar year in an amount in excess of 20 percent of such individuals' combined income and ending on the last day of such calendar year. Requires an employer to make the same expenditure per enrollee with respect to each group health benefit plan regardless of the actual premium cost. Requires an employer to rebate to an employee any excess of the employer's expenditure amount over the premium cost either in cash or other benefits. Prohibits an employer from expending an amount for a plan on behalf of an employee in excess of the premium cost of the most costly group health benefit plan in which at least ten percent of the employees are actually enrolled at the time the expenditure is made. Requires an employer having at least 200 full-time employees to offer his employees at least three health benefit plans with different carriers. Requires the offer of a group health benefit plan to be first made to any collective bargaining representative of an employee. Title II: Catastrophic Illness Insurance - Amends title XIX of the Public Health Service Act (as added by title I of this Act) to disallow a trade or business expense deduction or an exclusion relating to contributions by employers to accident and health plans under the Internal Revenue Code by an employer having 50 or more full-time employees who fails to meet the requirements of this title. Requires a health benefit plan to provide for payment without any cost sharing by any individual covered under the plan for medical expenses from the date on which an employee and his or her family have incurred out-of-pocket medical expenses during a calendar year in an amount in excess of 20 percent of such individuals' combined income and ending on the last day of such calendar year. Requires such plan to disregard any preexisting medical conditions of any such persons. Requires such plan to continue coverage for individuals for a period of six months after the member employee becomes unemployed, ceases to be full-time, or dies. Requires carriers to enter into an arrangement in each State in which it conducts business for the purpose of providing catastrophic illness insurance and preventive care coverage to those persons who are not eligible for coverage under titles II and III of this Act, or a government program of health care. Amends title XVIII of the Social Security Act (Medicare) to remove the 150 day limitation on inpatient hospital services. Provides that the amount payable for inpatient hospital services shall be reduced by a coinsurance amount equal to 20 percent of the charges imposed with respect to such individual, but only for days not within the "benefit period" (defined as the period beginning with the day on which the total expenses incurred by the individual for services for which benefits under this title are payable exceed 20 percent of such person's income from wages and net earnings from self-employment for the preceding calendar year). Provides that 100 percent of the charges or costs of the supplementary medical insurance benefits for the aged and disabled shall be paid during such benefit period. Title III: Preventive Care - Amends title XIX of the Public Health Service Act (as added by titles I and II of this Act) to disallow a trade or business expenses deduction or an exclusion relating to contributions by employers to accident and health plans under the Internal Revenue Code by an employer having 50 or more full-time employees who fails to meet the requirements of this title. Specifies the preventive care services which a carrier who enters into an arrangement with a State pursuant to title II must provide, including maternal care, childhood immunizations, and hypertension screening. Title IV: Internal Revenue Code Amendments - Makes: (1) a deduction by an employer in providing a health benefit plan to his or her employees; and (2) an exclusion by an employer for contributions to accident and health plans, conditional upon such employer's compliance with the requirements of title XIX of the Public Health Service Act. Title V: Effective Dates - Establishes the effective dates of this Act.
United States · United States Congress · 2 October 1980
Constitutional Amendment - Requires the Congress to adopt a balanced budget, unless three-fifths of each House votes to approve a budget in which expenditures exceed receipts. Prohibits any appropriation bill which would cause expenditures to exceed the amount adopted in the budget. Prohibits receipts from exceeding the proportion of national income collected in the prior year, unless a specific increase is passed by each House. Authorizes the waiver of the balanced budget provisions in the case of war.
United States · United States Congress · 22 September 1980
Declares that the Congress accepts the gift of a red oak tree as a symbol of American hopes for the immediate release of the hostages in Iran. Dedicates the tree to the principles of individual freedom and world peace.
United States · United States Congress · 16 September 1980
Amends the Internal Revenue Code to allow an income tax deduction for certain expenses incurred in the rental of a dwelling unit as a residence to a member of the taxpayer's family.
United States · United States Congress · 20 August 1980
Expresses the sense of the Congress that aliens who engage in unlawful or disorderly activities in the United States should be promptly deported in accordance with provisions of the Immigration and Nationality Act.
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 · 20 August 1980
Expresses the sense of Congress that the Government should take the necessary action to return to Cuba those Cuban refugees not wishing to remain in the United States or who do not pledge to uphold its laws.
United States · United States Congress · 25 July 1980
Revises the termination date for veterans eligible for educational assistance so that such assistance shall terminate on December 31, 1989, or the date five years after the veterans' last discharge or release from active duty, whichever is later.
United States · United States Congress · 24 July 1980
Farm Labor Contractor Registration Act Amendments of 1980 - Amends the Farm Labor Contractor Registration Act of 1963 to revise the definition of "farm labor contractor" to: (1) broaden specified exclusions from such definition (thus broadening certain exemptions from coverage under such Act); and (2) exclude from such definition (and such coverage) any nonprofit or cooperative association of farmers, growers, or ranchers, duly incorporated under appropriate State laws, and operated solely for the mutual benefit of the members thereof, and any full-time or regular employee of such association or cooperative who engages in such activity solely for such employer. Adds other definitions relating to such revisions. Revises the definition of "agricultural employment" to specify that listed activities take place on a farm or ranch. Limits the definition of "migrant worker" to mean (among individuals engaged in agricultural employment on a farm or ranch on a seasonal or temporary basis) only those who cannot regularly return to their domicile each day after working hours, or who are transported from and to their domicile each workday by the person who recruits, solicits, hires, or furnishes such worker for agricultural employment on a farm or ranch owned or operated by another person.
United States · United States Congress · 22 July 1980
Armed Forces Educational Assistance Act of 1980 - Establishes an Armed Forces Educational Assistance Program for persons who enter military service after September 30, 1980, and serve on active duty for three years or more. Sets forth a schedule of educational assistance entitlement for such veterans as follows: (1) for service of 36 consecutive months but less than 48 consecutive months and an agreement to serve three years in the Ready Reserve, 18 months of assistance; (2) for service of 48 consecutive months but less than 72 consecutive months and an agreement to serve four years in the Ready Reserve, 36 months of assistance; and (3) for service of 72 consecutive months, 36 months of assistance. Allows eligible veterans who have served on active duty for 16 years by September 30, 1986, to transfer their educational entitlement to their spouse or children. Makes any veteran entitled to assistance under this Act eligible to participate in the Predischarge Education Program (PREP) and eligible for education loans. Provides that such veterans are eligible for educational assistance for the six-year period following their discharge or release date. Sets forth procedures extending any applicable time period for such veterans who are prevented from initiating or completing a program of education under certain circumstances. Directs the Administrator of Veterans' Affairs to pay tuition costs and a substantial allowance to eligible veterans in the program. Makes technical and conforming amendments to existing laws relating to veterans educational assistance. Grants to eligible veterans, who have served on active duty from three to six years, the right to transfer educational assistance entitlements to such veteran's spouse or children in such manner as prescribed by the Administrator concerned and under limitations set forth in this Act. Terminates the Post-Vietnam Era Veterans' Educational Assistance program after September 30, 1982. Requires the Administrator of Veterans' Affairs and the Secretary of Defense to submit a joint report to the Congress, not later than 90 days after the enactment of this Act, on plans for implementing the educational assistance provided in such Act. Directs the Secretary of Defense to report semiannually to Congress on the effect of such program on the number and quality of individuals entering the Armed Forces.
United States · United States Congress · 22 July 1980
Directs the President to furnish the House of Representatives with information concerning White House and Justice Department actions with regard to Billy Carter's involvement with Libya.
United States · United States Congress · 2 July 1980
Tax Rate Reduction Act of 1980 - Title I: Individual Tax Rates - Amends the Internal Revenue Code to reduce individual income tax rates for calendar years 1981 through 1985, and permanently thereafter. Title II: Inflation Adjustments for Taxable Years Beginning After 1985 - Requires annual cost of living adjustments to income levels in each income tax bracket, beginning in calendar year 1985. Requires similar cost of living adjustments to the $1,000 personal tax exemption. Increases the minimum income levels at which a taxpayer is required to file an income tax return by providing that such levels shall be equal to the taxpayer's income tax exemption and zero bracket amount, adjusted for inflation.
United States · United States Congress · 2 July 1980
Expresses the sense of the Congress that U.S. foreign policy should reflect a national strategy of peace through strength with specified principles and goals.
United States · United States Congress · 26 June 1980
Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act and the Internal Revenue Code (self-employment taxes provisions) to provide coverage to homemakers. Considers one a homemaker during any month in which such individual conducts or supervises the affairs of a household, not for a wage, and: (1) is between the ages of 18 and 65; (2) is not entitled to benefits under title II; and (3) does not work, other than as a homemaker, for more than 135 hours. Authorizes the Secretary of the Treasury and the Secretary of Health and Human Services to jointly prescribe regulations to carry out such provisions.
United States · United States Congress · 25 June 1980
Directs the Postmaster General to issue a commemorative postage stamp in honor of Father Michael J. McGivney, the founder of the Knights of Columbus, as the Knights of Columbus celebrate their 100th anniversary. Requires that such stamp be issued in the denomination used for first class mail and be placed on sale in 1982.
United States · United States Congress · 25 June 1980
Tax Reduction - Job Creation Act - Title I: Individual Tax Rates - Amends the Internal Revenue Code to reduce income tax rates for each category of individual taxpayers. Title II: Incentives for New Plant and Equipment - 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. Allows a ten percent investment tax credit for buildings and tangible property, and a six percent credit for automobiles, taxis, and light duty trucks. 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 taxpayers 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 · 19 June 1980
Expresses the sense of Congress regarding the domestic automotive and truck industry. Declares it to be a goal of the United States to achieve technological superiority in the world automobile and truck industry. Advocates changes in economic, fiscal, and import policies in order to create adequate capital and produce a more favorable climate for the domestic automobile and truck industry.
United States · United States Congress · 11 June 1980
Expresses the sense of Congress that the provisions of law requiring twice a year cost of living adjustments for Federal civil service and military retirees should not be changed.
United States · United States Congress · 10 June 1980
Expresses the sense of the Senate that the President instruct the Attorney General to prosecute all persons who violate the Logan Act and the executive order prohibiting travel to Iran, thereby giving color of right to illegal actions by the Government of Iran.
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."
![Official portrait of Rep. Solomon, Gerald B. H. [R-NY-22]](https://www.congress.gov/img/member/s000675_200.jpg)