United States · United States Congress · 30 September 1981
Repeals provisions in the Economic Recovery Tax Act of 1981 regarding the windfall profit tax which: (1) increase the credit for royalty owners for 1981 and exempt royalty oil for 1982 and thereafter; (2) reduces the tax imposed on newly discovered oil; and (3) exempts independent producer stripper well oil.
United States · United States Congress · 29 September 1981
Debt Collection Act of 1981 - Directs every Government department and agency to require the furnishing of social security numbers by individuals who may incur indebtedness to the United States as a result of applications for credit, financial assistance, or payments. Amends the Internal Revenue Code to permit the Secretary of the Treasury to disclose to a Federal agency, upon written request, whether an applicant for a federally issued or guaranteed loan has any outstanding liability for tax or related penalties. Limits such disclosure to the extent that it is necessary to determine whether an applicant has outstanding liability. Eliminates the provision for disclosure of returns and return information to the Privacy Protection Study Commission. Limits disclosure of a taxpayer's mailing address to a consumer reporting agency which is an agent of a Federal agency to the extent that it is necessary to allow preparation of a commercial credit report for use in accordance with the Federal Claims Collection Act of 1966. Subjects Federal agencies which receive taxpayer mailing addresses for claim collection purposes to maintenance and reporting requirements which are determined by the Office of Management and Budget to be necessary for protection of such addresses.
United States · United States Congress · 24 September 1981
Hunger Prevention and African Food Security Act - Amends the Foreign Assistance Act of 1961 to require the President to use at least half of the funds available for development assistance to provide assistance for persons living in absolute poverty as defined by specified standards. Requires special emphasis to be placed on alleviating hunger in Sub-Saharan Africa and particularly on facilitating the participation of women in food production in that region. Amends the Agricultural Trade Development and Assistance Act of 1954 to specify a minimum aggregate value of all famine relief agreements. Requires famine relief agreements to provide that at least one-fifth of the commodities made available for famine relief or funds generated from the sale of those commodities in participating countries shall be used to strengthen food distribution systems in famine-prone countries, especially those in Sub-Saharan Africa. Requires each such agreement to specify the measures taken to ensure that such commodities and funds benefit primarily the poor.
United States · United States Congress · 22 September 1981
Provides that Revenue Ruling 81-216 which denies a tax exclusion of the interest on multiple lots of $1,000,000 each of industrial development bonds that are pooled and issued as one bond shall not apply to obligations sold after August 23, 1981.
United States · United States Congress · 22 September 1981
Repeals titles XV (National Health Planning and Development) and XVI (Health Resources Development) of the Public Health Services Act, effective September 30, 1982. Establishes a 20-year right of recovery for the United States against a facility built or modernized with title XVI funds.
United States · United States Congress · 18 September 1981
Directs the Board of Governors of the Federal Reserve System to undertake an aggressive campaign designed to encourage banks to: (1) cease providing loans or lines of credit for unproductive and speculative purposes, while increasing the supply of credit available for productive uses; and (2) ensure that thrift institutions, the housing industry, auto dealers, small businesses, farmers, and home buyers have access to the cheapest possible credit in order to avoid a recession.
United States · United States Congress · 18 September 1981
Declares that it is the sense of the House of Representatives that the Board of Governors of the Federal Reserve System should take prompt and effective action to discourage, during periods of high interest rates, the establishment of large lines of credit which may be used by large corporations for purposes of acquiring other corporations.
United States · United States Congress · 17 September 1981
Amends the Export-Import Bank Act of 1945 to provide for the extension of an export financing credit for agricultural commodities. Sets a formula for determining the amount of the credit extension for each fiscal year. Makes provisions for the credit inapplicable for fiscal years in which: (1) the demand for such credit is less than a specified ratio; or (2) the level of agricultural exports will be adequate without the credit.
United States · United States Congress · 16 September 1981
Amends the Controlled Substances Act to establish in the Department of Health and Human Services the Office for the Supply of Internationally Controlled Drugs, to be responsible for regulating the domestic production of marihuana and the distribution of marihuana for medical, scientific, and research purposes. Establishes procedures for the production of medicinal marihuana. Permits the distribution of medicinal marihuana only to hospitals and pharmacies registered to dispense schedule II controlled substances for the purposes of treating glaucoma or the nausea of cancer patients or research approved under the Federal Food, Drug, and Cosmetic Act.
United States · United States Congress · 11 September 1981
Disapproves the final rule promulgated by the Federal Trade Commission dealing with the matter of the trade regulation rule relating to the sale of used motor vehicles.
United States · United States Congress · 10 September 1981
United States Olympic Development Fund Checkoff Act of 1981 - Permits taxpayers to designate on their income tax returns an election to contribute one dollar of their income tax refunds or one dollar forwarded with returns to support the fund established by this Act. Establishes in the Treasury of the United States a United States Olympic Development Fund. Appropriates to the Fund an amount equivalent to the amount designated on tax returns to be available to the Fund. Directs the Secretary of the Treasury to pay amounts so transferred to the U.S. Olympic Committee for use in a program of expansion and improvement of amateur athletics. Sets forth reporting requirements with respect to the expenditure of such funds by the Committee.
United States · United States Congress · 9 September 1981
Social Security Alien and Foreign Resident Limitations Act of 1981 - Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to prohibit entitlement to title II benefits in the case of an individual who is not a U.S. citizen or national and whose entitlement is based upon the wages and self-employment income of a resident of a foreign country who is entitled to old-age or disability benefits if such individual does not bear a spousal, filial, parental, divorced, or surviving relationship to such resident as of the date such resident reaches age 57. Prohibits entitlement to title II benefits in the case of an individual who is not a U.S. citizen or national on the basis of such individual's own wages and self-employment income. Entitles a non-U.S. citizen or national to a single lump-sum benefit on the basis of such individual's wages and self-employment income if such individual is lawfully admitted to the United States for permanent residence or employment purposes or such individual's status is changed to permit such individual to work in the United States. Prohibits entitlement to title II benefits in the case of a non-U.S. citizen or national whose entitlement is based upon the wages and self-employment income of a non-U.S. citizen or national who is not a permanent resident of the United States or who has not been admitted to the United States for employment purposes. Prohibits entitlement to title II benefits in the case of a U.S. citizen or national whose entitlement is based upon the wages and self-employment income of a non-U.S. citizen or national.
United States · United States Congress · 4 August 1981
Federal Land Survey Act of 1981 - Directs the Secretary of the Interior to notify affected agencies and the public of the intent to conduct, certify, or record any land survey or resurvey, at least 30 days prior to such intended action. Requires the Secretary to: (1) initiate the survey within six months of the notice of intent; (2) complete the survey affixing a permanent mark designating the year when established and otherwise complying with applicable state statutes; and (3) certify the survey in the appropriate land office within 90 days of its completion. Sets forth certain monumentation requirements for surveys involving both Federal and non-Federal lands. Provides a procedure for removal of any monumentation if the Secretary fails to certify such monument within the 90-day period. Authorizes the Secretary or his designee to conduct land surveys by contract with private sources in accordance with provisions of this Act. Requires the Secretary's designee to cooperate with the Interstate Commerce Commission to conduct cadastral surveys and plat maps necessary to perpetuate land boundaries adjacent to abandoned railroads or utilities. Directs the Secretary of the Interior, the Secretary of Commerce, and the Secretary of Agriculture, in consultation with State governors and the President of the National Academy of Sciences, to: (1) conduct an assessment of multipurpose national cadastre information needs; and (2) develop a feasibility study for the establishment of a multipurpose national cadastre system. Requires the submission of such feasibility report to the Congress within three years of enactment of this Act.
United States · United States Congress · 4 August 1981
Small Business Innovation Research Act of 1981 - Amends the Small Business Act to direct the Small Business Administration (SBA) to: (1) maintain an information program to provide small businesses an opportunity to participate in Federal small business innovation research (SBIR) programs; (2) monitor SBIR programs within Federal agencies; and (3) report annually to the Congressional Small Business Committees on the SBIR programs. Requires each Federal agency with a research and development budget in excess of $100,000,000 in fiscal year 1982 or any subsequent fiscal year to spend a specified percentage of its budget in connection with an SBIR program. Requires each Federal agency with a research and development budget in excess of $20,000,000 in fiscal year 1982 or any subsequent fiscal year to establish specific goals for funding agreements for research or research and development to small businesses with small businesses. Directs each Federal agency with a SBIR program to report annually to the SBA the number of awards over $10,000 in amount made under the SBIR program and to concerns other than small business concerns. Directs the Administrator of the Office of Federal Procurement Policy, in conjunction with the SBA, to promulgate regulations for the conduct of the SBIR programs. States that this Act does not authorize the appropriation of funds.
United States · United States Congress · 4 August 1981
Amends the Department of Energy Organization Act and the Energy Policy and Conservation Act to require that petroleum company overcharges, paid to the United States, be used to complete the Strategic Petroleum Reserve. Provides for initial good-faith efforts to refund such amounts to original purchasers. Permits payment either by cash or by in-kind transfers of petroleum products. Requires the Secretary of Energy to study and report to the President and the Congress on the final Strategic Storage Level.
United States · United States Congress · 4 August 1981
Amends the Internal Revenue Code to provide farmers a refundable income tax credit based on the number of soil conservation acres which they utilize. Defines "soil conservation acres" as land owned by the taxpayer which is used in farming in which only conservation tillage practices are used (procedures which reduce soil erosion by minimizing the amount of plowing). Reduces the credit by the amount of governmental grants received for the purpose of carrying out conservation tillage practices.
United States · United States Congress · 29 July 1981
Motor Vehicle Theft Law Enforcement Act of 1981 - Title I: Improved Identification for Motor Vehicle Parts and Components - Amends the National Traffic and Motor Vehicle Safety Act of 1966 to direct the Secretary of Transportation to promulgate a Federal motor vehicle security standard, applicable to parts used in the manufacture of motor vehicles other than motorcycles after the effective date of such standard or manufactured as new replacement parts after such date. Directs the Secretary to conduct a cost-benefit analysis before promulgating such standard, which includes the effect on domestic motor vehicle production and sales. Stipulates that the standard shall not: (1) impose additional costs upon manufacturers in excess of $10 per motor vehicle; and (2) require the identification of more than 14 parts for any motor vehicle, nine parts for any truck, and four parts for any trailer. Declares that a Federal motor vehicle standard supercedes any State or local standard. Authorizes the Secretary to conduct studies on the development of security devices and systems. Directs the Secretary to report to Congress on such devices and systems within one year of enactment. Provides for repeal of this title on a specified date. Title II: Antifencing Measures - Amends the Federal criminal code to establish penalties for removing or altering any identification number of any motor vehicle or motor vehicle part required by regulation. Requires the forfeiture of any vehicle or part which has had such number removed, with specified exceptions. Applies to the seizure and forfeiture of motor vehicles and parts those provisions of law relating to the seizure and forfeiture of vessels and merchandise under the customs laws. Establishes penalties for anyone who buys, receives, possesses, or obtains control of, with intent to sell or otherwise dispose of, any motor vehicle or motor vehicle part knowing that such identification number has been removed or altered. Designates as nonmailable matter any manipulative type device which is designed or adapted to operate, circumvent, remove, or render inoperative the ignition switch or lock, or door or trunk lock of two or more motor vehicles, or any advertisement for the sale of such device. Title III: Importation and Exportation Measures - Establishes criminal and civil penalties for anyone who imports, exports, or attempts to import or export any self-propelled vehicle or vehicle part knowing that its identification number has been altered. Amends the Tariff Act of 1930 to require persons who export or attempt to export a used self-propelled vehicle to present to the appropriate customs officers the vehicle and a document describing that vehicle. Title IV: Reporting Requirements - Directs the Attorney General to establish a task force to study problems relating to the theft of off-highway mobile equipment. Directs the Secretary of Transportation to establish a task force to study problems relating to motor vehicle titling and controls over motor vehicle salvage which may affect the motor vehicle theft problem. Directs the Attorney General, in consultation with the Secretaries of the Treasury and Transportation and the Postmaster General, to report to Congress on the implementation of this Act.
United States · United States Congress · 28 July 1981
Petroleum Disruption Management Act of 1981 - Title I: Sequential Management Authority and Activation - Directs the President to prescribe four petroleum disruption management programs and transmit them to Congress for approval: (1) a Strategic Petroleum Reserve distribution program; (2) a private dedicated reserve program (PDR); (3) a national crude oil sharing program; and (4) a petroleum product disruption management program. Prohibits approval of a program unless each House of Congress, within 30 days of transmittal of a program, passes a resolution approving the program. Requires the President to submit a revised program if any program is not approved. Provides for the activation of a program whenever the President determines that a substantial or severe crude oil or energy supply disruption or interruption exists or is imminent, or a program is necessary in order to comply with the international energy program, and an approving joint resolution is passed within six days of transmittal. Limits such programs to 120 days duration, except the President may request additional 120 day periods. Title II: Private Crude Oil and Petroleum Product Storage Incentives - Directs the President to report on the advisability and alternative means of: (1) reducing the tax liability of persons who draw down crude oil and petroleum product reserves during oil supply disruptions; and (2) providing tax or other incentives for the construction of private-sector oil and petroleum product storage facilities and the maintenance of increased private-sector crude oil or petroleum product reserves. Title III: Strategic Petroleum Reserve and Private Dedicated Reserve Distribution - Authorizes the President to distribute crude oil from the Strategic Petroleum Reserve, upon a determination that a substantial crude oil disruption exists, in amounts not in excess of 300,000 barrels daily for no more than 90 days annually. Provides for such distributions on a pro rata basis. Amends the Energy Policy and Conservation Act to prohibit the Strategic Petroleum Reserve Plan from becoming effective unless each House of Congress passes a resolution approving the Plan within 30 days of the Plan's transmittal to Congress. Requires that during a substantial crude oil disruption allocation shall be as provided for in this Act. Requires the Secretary of Energy to submit to Congress a report evaluating the expansion of the physical capacity of the Reserve through the use of temporary storage facilities. Directs the President to promulgate a rule establishing a PDR. Requires the rule establishing the PDR to, among other things: (1) provide for the equitable distribution of crude oil at competitive prices; (2) require designated refiners to provide crude oil to any qualified refiner experiencing a supply disruption; (3) distribute crude oil to such qualified refiners to permit them to operate at 95 percent of the national utilization rate; (4) provide that the obligation of each designated refiner to sell crude oil to qualified refiners shall be a given percentage of each designated refiner's average crude oil runs to distillation units during the previous 12 months; and (5) provide that the price paid by a qualified refiner will not exceed a stated level. Directs the Secretary to submit to Congress a report determining the minimum volume of reserves to be maintained in the Strategic Petroleum Reserve and analyzing the advisability of distributing crude oil from the Reserve in lieu of activating the PDR. Title IV: National Crude Oil Sharing Program - Directs the President to promulgate a rule establishing a national crude oil sharing program. Requires the rule establishing such program to: (1) provide for the equitable sharing of crude oil at competitive prices among all regions during a severe disruption; (2) require refiners to offer for sale any crude oil supplies that would permit their refineries to operate in excess of the national utilization rate; (3) assure that refiners are able to purchase sufficient crude oil to permit operation at the national utilization rate; (4) provide that the price paid by a refiner will not exceed the weight-averaged price during the previous 60 day period; (5) provide for directives requiring a refiner to adjust the percentage yield of a refined petroleum product in order to increase output of that product in a time of short supply; and (6) provide for the adjustment of the quantities of crude oil allocated among refiners so as to ensure desired production levels. Title V: Petroleum Product Programs - Directs the President to promulgate a standby regulation which when implemented will provide: (1) for the mandatory allocation of refined petroleum products produced in or imported into the country in amounts specified in and at ceiling prices specified in such regulation; (2) an emergency use fee; or (3) other action specified in such regulation which is not otherwise specially authorized by other Federal law. Requires the standby regulation to provide for, among other things: (1) the protection of public health, safety and welfare (including maintenance of residential heating), and national defense; (2) maintenance of all public services; (3) maintenance of agricultural operations; (4) preservation of an economically sound and competitive petroleum industry; (5) equitable distribution of refined petroleum products at equitable prices; (6) allocation of refined petroleum products necessary to explore for and extract fuels and minerals; (7) economic efficiency; and (8) minimization of economic distortion. Title VI: Establishment of Advisory Data Collection and Coordination Functions - Directs the President to establish: (1) an Energy Emergency Council to be composed of members of the executive branch, to advise the President on matters relevant to the implementation of this Act and the activation and management of its programs; and (2) an Energy Advisory Committee, to consist of members of the petroleum industry and consumers, to advise the President and the Council on matters relevant to the implementation of this Act and the management and activation of its programs. Directs the Council, after consultation with the Committee, to evaluate the current energy information collection and monitoring systems within the Federal Government. Directs the Secretary to inform the Administrator of the Energy Information Administration whether the energy information now being collected is sufficient, whether changes are needed, and if so, to direct the Administrator to make the necessary changes. Directs the Secretary to submit to Congress a report examining the standards for activation of the programs. Title VII: Miscellaneous Provisions - Sets forth provisions relating to administration and enforcement, including: (1) application of provisions of the Economic Stabilization Act of 1970 to regulations, orders, and Presidential actions undertaken pursuant to this Act; and (2) setting forth monetary penalties for violations of this Act. Amends the Department of Energy Organization Act to include this Act within those Acts for which the Secretary shall provide for making adjustments to any rule, regulation or order in order to prevent special hardship or inequity. Extends, until October 1, 1989, the authority for international voluntary agreements with respect to the International Energy Program under the Energy Policy and Conservation Act. Terminates this Act on October 1, 1989.
United States · United States Congress · 27 July 1981
Directs the United States Postal Service to provide and sell a postage stamp issue to honor all American servicemen and civilians still unaccounted for as a result of the conflict in Indochina. Provides that such postage stamp shall be of such denomination, and shall be sold for such a time, as the United States Postal Service shall determine.
United States · United States Congress · 21 July 1981
Amends titles II (Old Age, Survivors and Disability Insurance) and XVIII (Medicare) of the Social Security Act to eliminate the three day prior hospitalization requirement for coverage of extended care services.
United States · United States Congress · 15 July 1981
Amends the Securities Exchange Act of 1934 to prohibit certain credit transactions for the acquisition of securities of United States corporations by either United States or non-United States persons where such a transaction is financed by either United States or non-United States lenders if such a transaction is or could be prohibited if it has been made or has otherwise occurred in a lender's office or other place of business in a State. Permits the Board of Governors of the Federal Reserve System to exempt any class of persons from the application of such regulation. Sets forth the private right of action for violations of such margin requirements. Applies the provisions of this Act to any purchase or carrying of securities on or after July 16, 1981, if the loan or extension of credit involved originated, or if the loan proceeds used to purchase or carry such securities were disbursed, on or after such date.
United States · United States Congress · 15 July 1981
State Energy Block Grant Act - Authorizes the Secretary of Energy to provide financial assistance (block grants) to States and local government units for energy conservation and weatherization assistance programs. Sets forth the allocation formula for annual financial assistance to States and U.S. territories and possessions. Requires a State receiving assistance under this Act to provide matching funds from non-Federal sources. Sets forth the types of energy conservation and supply activities for which the grant money received by a State may be used. Prohibits the use of such funds for: (1) administrative expenses in excess of 20 percent of the total costs of the State programs funded under this Act; (2) the costs of applying for a grant under this Act; (3) promoting energy conservation or supply development through mass media; or (4) satisfying any requirement for the expenditure of non-Federal funds as a condition for the receipt of Federal funds. Directs the Secretary to allocate 20 percent of the funds available to each State under this Act to the following categories of communities within a State: (1) metropolitan cities and urban counties in metropolitan areas; (2) local government units within metropolitan areas (other than metropolitan cities and urban counties); and (3) nonmetropolitan areas. Entitles metropolitan cities and urban counties to annual grants, the amounts of which shall be determined by the Secretary according to a specified formula. Provides for grants to other local government units and nonmetropolitan areas to be made by the Governor of the State on the basis of applications submitted by such units. Requires a local government unit receiving assistance under this Act to provide matching funds from non-Federal sources. Requires a report and necessary revisions by the chief executive officer of a State on the intended use of grant money prior to expenditure. Directs the Secretary to review each report and revision and disapprove any not in compliance with this Act or not equitably distributing funds or services within the State. Requires a State to revise a disapproved report or revision. Requires a State to make activity reports available for public inspection in the State and to Congress, the Department of Energy, the Comptroller General, and any interested public agencies. Requires periodic State audits. Authorizes appropriations to the Department of Energy for fiscal years 1982 and 1983 to carry out this Act. Provides for the payment to the States of a specified amount of Federal home energy assistance funds for low-income residential weatherization and energy conservation activities. Terminates the provisions of this Act on October 1, 1984. Repeals provisions relating to energy conservation and weatherization assistance in the Energy Security Act, the National Energy Conservation Policy Act, the National Energy Extension Service Act, the Energy Policy and Conservation Act, the Energy Conservation and Production Act, and the Housing and Urban Development Act of 1970.
United States · United States Congress · 15 July 1981
Directs the United States Postal Service to provide and sell a postage stamp issue to honor American servicemen and women who have been prisoners of war or missing in action as a result of their service during military conflict. Provides that such postage stamp shall be of such denomination and shall be sold for such a time as the United States Postal Service shall determine.
United States · United States Congress · 10 July 1981
Expresses the resolve of the House of Representatives that the Congress should authorize appropriations for the Head Start program for a specified sum for fiscal year 1982 and for such sums as necessary for fiscal years 1983 and 1984.
United States · United States Congress · 26 June 1981
Prohibits a State, or any of its political subdivisions, from imposing a tax with respect to natural gas which discriminates against any out-of-State producers, transporters, consumers, distributors, or users of natural gas or which applies only to gas produced outside the territory of such State. Deems any tax as discriminatory if it results in a greater tax burden on interstate natural gas than on intrastate gas.
United States · United States Congress · 26 June 1981
Amends the Internal Revenue Code to allow a taxpayer to elect either an income tax credit of $250 or an income tax deduction of $1,000 for maintaining a household which includes as a member a dependent age 65 or over. Provides an income tax deduction for the amount contributed to a trust established to provide care to a handicapped relative or parent who has attained the age of 65. Limits the deduction to $3,000 for each beneficiary.
United States · United States Congress · 25 June 1981
Amends the Federal Food, Drug, and Cosmetic Act to state that a food intended for human consumption shall be deemed misbranded unless it is labeled to show the amount of sodium and potassium it contains when in excess of a certain amount of milligrams. Permits the Secretary of Health and Human Services to exempt a food from such requirement by requiring the information to be prominently displayed in close proximity to the place of display or sale of such food. Exempts from such labeling requirements any manufacturer of such foods whose total annual sale are less than a specified amount.
United States · United States Congress · 25 June 1981
Amends the Internal Revenue Code to treat as long-term capital gain amounts actually paid to a taxpayer with respect to a small business participating debenture (SBPD) which constitute the distribution of a share of the earnings of the issuer. Defines "small business participating debenture" (SBPD) as a written debt instrument issued by a qualified small business which: (1) is a general obligation of such business; (2) bears interest at not less than specified by the Secretary of the Treasury; (3) has a fixed maturity; (4) grants no voting or conversion rights in the business to the purchaser; and (5) provides for the payment of a share of the issuer's total earnings. Defines "qualified small business" as one: (1) whose equity capital does not exceed $10,000,000; (2) the face value of all of whose outstanding SBPD's does not exceed $1,000,000; and (3) which has no outstanding securities subject to regulation by the Securities and Exchange Commission. Treats members of a controlled group of corporations as a single taxpayer. Denies capital gains treatment where the taxpayer is a "related party" to the SBPD issuer. Treats losses on small business participating debentures as ordinary losses. Allows an interest expense deduction for interest and share-of-earnings payments made on such debentures.
United States · United States Congress · 24 June 1981
Amends the Internal Revenue Code to extend the nonconventional source fuel production income tax credit to any solid fuel in pellet form produced from biomass (other than wood or wood products) which has a Btu content per unit of volume or weight, determined without regard to any nonbiomass elements, which is at least 40 percent greater per unit of volume or weight than the Btu content of the biomass from which it is produced. Requires the taxpayer to elect whether to determine Btu content by volume or by weight. Limits application of such credit to pellets: (1) produced in a facility placed in service between January 1, 1980, and September 30, 1983, or for the construction of which the taxpayer was obligated under a binding contract on September 30, 1983; and (2) sold before January 1, 1990. Extends the time for start up of wood fuel facilities until October 1, 1983, for purposes of the nonconventional source fuel tax credit.
United States · United States Congress · 24 June 1981
Expresses the sense of the House of Representatives that the Department of Justice should continue to provide the sums required to insure the operation and success of the seven regional criminal intelligence projects assisted through the Law Enforcement Assistance Administration.
United States · United States Congress · 23 June 1981
Directs the Joint Committee on the Library to procure a bust or statue of Dr. Martin Luther King, Junior, for placement in a suitable location in the Capitol.
United States · United States Congress · 22 June 1981
Amends the Internal Revenue Code to remove the limitation on amounts of the investment tax credit which are attributable to application of the regular percentage to qualified investment in railroad property owned by a domestic common carrier. Provides for the refundability of such credit. Requires the maintenance of a separate account for amounts received as credit refunds. Limits withdrawals from such accounts to amounts used for maintenance, improvement, or acquisition of property or payment of the railroad retirement tax. Requires the Secretary of the Treasury to reserve amounts received pursuant to imposition of the windfall profit tax equal to the increase in revenues attributable to this Act. Authorizes appropriations to carry out the purposes of this Act.
United States · United States Congress · 22 June 1981
Amends the Internal Revenue Code to permit the amortization of leased track materials based on a 60-month period. Defines "leased track materials" as any depreciable railroad track material leased to a domestic common carrier by railroad. Specifies the amount of such deduction. Provides that such deduction shall be in lieu of a depreciation deduction. Qualifies leased track materials for the investment tax credit. Allows the credit to noncorporate lessors of such materials. Exempts the leasing of railroad track materials from the limitation on the deduction for losses of amounts considered at risk. Treats such materials as trade or business property for purposes of Internal Revenue Code provisions which extend special capital gains or ordinary loss treatment to the sale or exchange of trade or business property. Exempts depreciation deductions taken with respect to such property from recapture. Makes inapplicable to leased track materials the limitation on the deduction of interest on investment indebtedness. Removes gain from the sale or exchange of leased track materials as an item of tax preference for purposes of the minimum tax.
United States · United States Congress · 22 June 1981
Amends the Internal Revenue Code to provide that the interest on government bonds issued to finance the acquisition, construction, or rehabilitation of railroad facilities shall be exempt from Federal income tax.
United States · United States Congress · 18 June 1981
Federal Computer Systems Protection Act of 1981 - Amends the Federal criminal code to establish penalties for using or attempting to use a computer which: (1) is operated on behalf of the Federal Government or a financial institution (where the prohibited conduct directly affects the computer operation); or (2) operates in interstate commerce, with intent to defraud, obtain property by false pretenses, embezzle, steal, or knowingly convert the property of another. Specifies factors which Federal law enforcement officers must consider in determining whether to exercise jurisdiction over such offense, where concurrent jurisdiction exists with a State or local government. Directs the Attorney General to report annually to Congress on the extent of the exercise of such Federal jurisdiction.
United States · United States Congress · 18 June 1981
Postal Service Amendments of 1981 - Authorizes the United States Postal Service to issue written demands requiring access to books, records, documents, or other objects believed to relate to any postal offense or civil matter under investigation by the Postal Service. Provides for the enforcement of such a demand by the appropriate district court. Authorizes the Postal Service to issue an order requiring any person to cease and desist from conducting a lottery or scheme for obtaining money or property by false representations through the mail. Declares that the resumption of such an activity through the use of any instrumentality of interstate commerce shall be considered to be a failure to comply with such order. Permits the Postal Service, in investigating whether a person is conducting such an activity, to tender the price of any article or service that such person has offered for sale. Declares that failure by such person to provide such article or service, or failure to comply with a written demand of the Postal Service for access to materials, shall constitute probable cause to believe such person is engaged in such activities, warranting the detention of such person's incoming mail. Establishes a civil penalty to be assessed by the Postal Service, after an opportunity for an agency hearing, against any person who: (1) attempts to evade an order directing the postmaster to return mail addressed to such person; (2) fails to comply with a cease and desist; or (3) assists another person in evading such an order.
United States · United States Congress · 17 June 1981
Amends the Internal Revenue Code and title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to provide coverage under the Old Age, Survivors and Disability Insurance program for Members of Congress and the Vice President. Treats as a quarter of coverage each calendar quarter in which an individual performed service as the Vice President or as a Member of Congress before the enactment of this Act and each calendar quarter in which such individual performs such service on or after such date.
United States · United States Congress · 11 June 1981
Family Enterprise Estate and Gift Tax Equity and Reduction Act - Amends the Internal Revenue Code to reduce the estate and gift tax rates. Increases the unified credit against the estate and gift taxes from $47,000 to $103,500 by specified annual increments through 1985. Increases from $175,000 to $600,000, by specified annual increments through 1985, the minimum gross estate requirement for filing of a return. Repeals the existing limitations on the marital deduction for gift and estate taxes. Permits an election by an executor to take into account a life estate which passes to a surviving spouse for purposes of determining the marital deduction. Includes amounts equal to the value of such interests in the estate of the surviving spouse for purposes of imposition of the estate tax. Increases from $3,000 to $10,000 the annual gift tax exclusion. Revises the definition of "qualified real property," for purposes of the special use valuation, to include: (1) real property which is put to a qualified use by a member of the decedent's family; (2) certain future interests; and (3) timber. Qualifies estates of decedents who were disabled or retired for the special use valuation if such decedents materially participated in the operation of the farm or business for five out of eight years preceding the year in which they became disabled or eligible for disability benefits, under title II (Old Age, Survivors and Disability Insurance) of the Social Security Act. Permits the spouse of a decedent to use such valuation if the spouse has managed the farm or business for ten years preceding the decedent's death or takes over active management upon the decedent's death. Qualifies the owner of a woodland for the special use valuation if the owner or a member of the owner's family actively managed the property for ten years prior to the owner's death. Includes as property qualified for the valuation certain future and partial interests. Reduces from 15 to ten years the length of time a qualified property must be held and put to a qualified use following the decedent's death before it can be disposed of without incurring a recapture of estate tax benefits. Permits active management rather than material participation as a test for qualification of the estate for spouses, children under 21, students, and disabled individuals who receive property from a decedent who qualified for special use valuation. Modifies the formula for recapture upon partial disposition of qualified property to include in the calculation of the additional tax imposed the adjusted tax difference attributable to the property disposed of or ceased to be used for a qualified use. Repeals the $500,000 limitation on the aggregate decrease in the value of property to which the special use valuation is applied. Allows the like kind exchange of property without loss of special use valuation eligibility. Permits, for purposes of calculating the five-year period required for qualification of real property, the aggregation of periods with respect to exchange property with those with respect to property included in the gross estate. Repeals the requirement that an heir elect special treatment for involuntary conversions of qualified real property, thus making such treatment automatic upon such conversion. Applies the special use valuation provisions to: (1) property which passes to a trust all of the beneficiaries of which are members of the decedent's family without regard to whether any beneficiary has a present interest in the trust; and (2) property held by a trust in which the decedent has an interest which is includible in the decedent's estate and which passes to a qualified heir as though the decedent had a direct interest in the property. Alters the method of valuing farms and woodlands and provides an alternate discount method of valuation. Expands the definition of "member of the family," for purposes of determining special use valuation eligibility, to include members of a spouse's family. Permits a parent or fiduciary of a person under a legal disability to sign an agreement to the application of recapture provisions on behalf of such person. Specifies that the estate tax deduction for certain indebtedness of an estate shall not be reduced if the value of the property is determined by applying the special use valuation. States that gifts made within three years of a decedent's death shall be valued as of the time of transfer rather than as of the date of death. Allows an individual to elect to pay a gift tax rather than use the unified tax credit. Modifies the alternate extension of time for payment of the estate tax where the estate consists largely of an interest in a closely held business to: (1) allow an installment payment election if the value of the interest in the closely held business is either 25 percent of the value of the gross estate or 35 percent of the taxable estate; (2) alter the definition of "interest in a closely held business"; (3) increase to 50 percent the value of an interest disposed of which will accelerate the payment of tax; and (4) permit payment, but with a penalty, of an installment within six months after the due date. Revises rules for determining whether property qualifies as an interest in a closely held business with respect to property included in the gross estate which is transferred prior to death and ownership of assets leased to or used by a family-owned business. Revises rules regarding the qualification of corporate distributions of property in redemption of stock which is included in a decedent's gross estate. Removes the limitation on substantially disproportionate redemptions of stock of a corporation which is a closely held business. Revises the formula for determining whether such redemptions are substantially disproportionate and the rule for determining whether a shareholder's interest in a corporation is terminated. Applies the four percent rate of interest on estate tax payments extended under the alternate extension of time provisions to the entire amount of the tax to be paid. Permits an election to value at 50 percent of its value an interest in a closely held business the net equity of which is less than $50,000,000. Imposes an additional estate tax if such interest is disposed of within ten years after the decedent's death. Allows a disclaimer of an interest in property for estate tax purposes in specified circumstances where such disclaimer does not result in the passing of the interest concerned under the applicable State law.
United States · United States Congress · 10 June 1981
National Infant Screening Act of 1981 - Amends title XI (Genetic Diseases, Hemophilia Programs, and Sudden Infant Death Syndrome) of the Public Health Service Act to provide grants for infant screening programs to detect metabolic disorders.
United States · United States Congress · 4 June 1981
Urban Jobs and Enterprise Zone Act of 1981 - Title I: Designation of Enterprise Zones - Amends the Internal Revenue Code to provide for the designation of enterprise zones, for a period ending December 31, 2001, and subject to the approval of the Secretary of Housing and Urban Development, by local governments or by State governments on behalf of local governments for purposes of extending the tax incentives and regulatory flexibility measures provided by titles II and III of this Act. Specifies that the Secretary may approve the designation of such zones only if: (1) the area is within the jurisdiction of the designating local government; (2) the boundary of the area is continuous and includes accessible vacant or underutilized properties; (3) the area has a population of at least 4,000 if any portion thereof is located within a standard metropolitan statistical area with a population of at least 50,000 or 2,500 otherwise or is an Indian reservation; and (4) the area meets specified unemployment and poverty requirements. Requires designating local governments, as a condition of the Secretary's approval, to agree in writing to follow a course of action which may include reducing tax rates, improving local services, simplifying or streamlining regulation of business, or receiving commitments of private entities to assist employees and residents of the area. Terminates the authority of the Secretary to designate enterprise zones on December 31, 1996. Sets forth minimum and maximum numbers of such designations. Describes areas to which preference shall be given in deciding to designate enterprise zones. Amends the Department of Housing and Urban Development Act to set forth the duties of the Secretary under this Act. Requires any property tax reduction effected by a local government under an agreed to program to be disregarded for purposes of determining the eligibility of a State or local government for Federal assistance or benefits. Expresses the sense of the Congress that: (1) local governments should attempt to facilitate to the greatest extent possible the employment of poor and unemployed residents of their enterprise zones and should consider the effects of a designation upon area employment practices and patterns; and (2) whenever possible, foreign-trade zones should be established within enterprise zones and that in the case of any application for designation of a foreign-trade zone within an enterprise zone: (A) the Foreign-Trade Zone Board should expedite the application process; (B) the Board, in evaluating such application, should consider future development to be expected as a result of the incentives provided by this Act; and (C) the Board should provide technical assistance to the applicants. Title II: Taxation - Subtitle A: Refundable Credits for Employers and Employees - Amends the Internal Revenue Code to allow employers a refundable income tax credit for five percent of the wages paid to unemployed or economically disadvantaged individuals who are certified as eligible under the Comprehensive Employment and Training Act and who perform at least 50 percent of their services within an enterprise zone. Disallows a deduction for the portion of the wages or salaries equal to the amount of such credit. Allows individuals who are employees of qualified businesses and at least 50 percent of whose services during the taxable year are performed in an enterprise zone a refundable tax credit for five percent of the earned income attributable to services performed in an enterprise zone during a 36-month period. Limits such credit to $1,500 for any taxable year. Defines "qualified business" as a person: (1) at least 50 percent of whose gross receipts are attributable to the active conduct of a trade or business within an enterprise zone; and (2) at least 40 percent of whose employees are individuals whose employment qualifies for the employers' credit allowed under this subtitle and who are hired after the later of the date on which the conduct of a business in an enterprise zone is begun or the area is designated as such a zone. Subtitle B: Reduction in Capital Gain Tax Rates - Reduces the alternative tax on capital gains and increases the capital gains deduction. Qualifies certain low-income rental housing located in an enterprise zone for such treatment. Permits property to remain qualified for purposes of the revised capital gains treatment after a designation of an enterprise zone has terminated. Exempts gain from the sale or exchange of property used in a business in an enterprise zone from the computation of the minimum tax. Removes as an item of tax preference accelerated depreciation on real property used in such a business. Subtitle C: Reduction in Gross Income of Trades or Businesses Operating in Zone - Excludes from taxable income a specified percentage of the sum of any amount received by a qualified business from the active conduct of a trade or business within an enterprise zone and any interest on financing provided by a taxpayer to a qualified business in connection with the conduct of such business. Subtitle D: Other Incentives - Permits any qualified business to elect to use the cash receipts and disbursements method of accounting without regard to any inventory requirements if its gross receipts do not exceed $2,000,000 in any prior taxable year. Allows a 20-year carryover of net operating losses for qualified businesses. Qualifies for the investment tax credit low-income rental housing with respect to which the capital gains tax reduction is granted under subtitle B of this title. Subtitle E: Sense of the Congress with Respect to Tax Simplification - Expresses the sense of the Congress that the Internal Revenue Service should simplify the administration and enforcement of any provision of the Internal Revenue Code affected by this title. Title III: Regulatory Flexibility - Revises the definition of "small entity," for purposes of the analysis of regulatory functions, to include qualified businesses (as defined in title II of this Act), designating governments, and nonprofit enterprises operating within enterprise zones.
United States · United States Congress · 3 June 1981
Missing Children Act - Directs the Attorney General to collect and preserve information which would assist in: (1) the identification of any deceased individual who has not been identified within 30 days of his or her death; and (2) the location of any missing child who is under the age of 17, does not have a history of running away, and has been missing for at least 48 hours.
United States · United States Congress · 2 June 1981
Indian Tribal Governmental Tax Status Act of 1981 - Amends the Internal Revenue Code to treat an Indian tribal government as a State for purposes of: (1) determining the deductibility of a charitable contribution made to such tribe; (2) certain excise taxes; (3) deductions for State and local taxes; (4) the unrelated business income tax applicable to colleges and universities; (5) the credits for public retirement system income and contributions to candidates for public office; (6) the exclusion from gross income of certain scholarships and fellowship grants and contributions of certain employers for employee annuities; (7) the tax on excess lobbying expenditures by public charities; and (8) the tax treatment of activities of private foundations. Excludes from gross income, under specified circumstances, interest on industrial development bonds issued by an Indian tribal government. Defines "Indian tribal government" for the purposes of this Act.
United States · United States Congress · 28 May 1981
Prohibits the Federal Trade Commission from investigating or taking any action concerning any State regulated profession until Congress enacts legislation which expressly provides that the Commission has authority over professions and that the Commission's authority preempts State authority. Vacates any such action taken during the period beginning on May 28, 1981, and ending on the date of enactment of this Act.
United States · United States Congress · 21 May 1981
Title I: Examination, Inspection, and Labeling Requirements for Imported Meat - Amends the Federal Meat Inspection Act to require the labeling of any carcass, part of a carcass, meat, or meat food product which is imported into the United States and capable of consumption as human food. Requires that such meat food products be examined and inspected at the port of entry to determine whether or not they are adulterated. Directs the Secretary of Agriculture to prescribe regulations for the disposition of adulterated foods and for the labeling of non-adulterated foods. Requires the Secretary to prescribe such assessments and fees on imported meat food products to cover examination, inspection, and labeling costs as determined necessary. Authorizes the holding of any meat food product in customs custody until the foreign plant exporting such product pays such assessments or fees. Title II: Requirement That Eating Establishments Inform Customers That Imported Meat or Meat Food Products are Served in Such Establishments - Requires any eating establishment serving imported meat to inform its customers of such fact. Sets forth penalties for any owner, employee, or agent who knowingly violates such requirement.
![Official portrait of Rep. Tauke, Thomas Joseph [R-IA-2]](https://www.congress.gov/img/member/t000053_200.jpg)