United States · United States Congress · 12 July 1983
First Time Homebuyer Assistance Act of 1983 - Amends the Internal Revenue Code to allow an income tax credit to first time homebuyers for interest on home mortgages in specified circumstances where State or local governments elect to participate in a mortgage credit program rather than issue mortgage subsidy bonds. Sets forth requirements for a State or local government to participate in such a mortgage credit program.
United States · United States Congress · 29 June 1983
Foreign Tax Credit Conformity Act of 1983 - Amends the Internal Revenue Code to allow a taxpayer to recapture domestic losses in subsequent years in which it has domestic income by recharacterizing the subsequent domestic income as foreign source income, to the extent domestic losses have served to reduce the foreign tax credit available to the taxpayer. Extends the carryover period for excess foreign tax credits from five years to 15 years. Revises ordering rule provisions for foreign tax credits arising after 1981.
United States · United States Congress · 29 June 1983
Amends title XVIII (Medicare) of the Social Security Act to set the cap amount for hospice care at $6,500, to be increased or decreased annually according to the consumer price index.
United States · United States Congress · 28 June 1983
Amends the Internal Revenue Code to exempt from the 30 percent tax on the income of nonresident alien individuals and foreign corporations any interest received from certain portfolio debt investments. Makes such exemptions inapplicable upon a determination by the Secretary of the Treasury that the exchange of information between the United States and a foreign country is inadequate to prevent income tax evasion. Excludes from the gross estate of a nonresident alien for purposes of the estate tax, any interest eligible for the income tax exemption under this Act.
United States · United States Congress · 27 June 1983
Authorizes the Speaker of the House and the President pro tempore of the Senate jointly to present, on behalf of the Congress, a bronze medal to families of American personnel missing or otherwise unaccounted for in Southeast Asia. Authorizes appropriations.
United States · United States Congress · 27 June 1983
Amends the Internal Revenue Code to allow individual retirement accounts, qualified retirement trusts and certain educational organizations to invest in working interests in domestic oil and gas properties without incurring unrelated business taxable income.
United States · United States Congress · 23 June 1983
School Facilities Child Care Act - Authorizes the Secretary of Health and Human Services to make grants to public agencies and private nonprofit organizations having the capacity to furnish school-age child care services in order to assist such agencies and organizations to establish and operate such services in public schools. Authorizes appropriations for FY 1984 through 1986. Sets forth information which must be included in applications by such agencies or organizations to the Secretary for such grants. Requires the Secretary, in approving the applications, to: (1) assure that there is an equitable distribution of approved applications; (2) give priority to applications from applicants in communities with the greatest need and a shortage of economic resources for such services; and (3) give consideration to applications who can illustrate an identifiable base of community support. Directs the Secretary to carry out a program of collecting data from recipients of assistance under this Act designed to provide a national-needs assessment for child care services of school-age children in the United States. Requires the Secretary to report annually to specified congressional committees on activities under this Act together with a needs assessment of child care services for school-age children in each State. Requires the Secretary to operate a clearinghouse on school-age child care programs. Sets forth general administrative provisions with respect to carrying out this Act.
United States · United States Congress · 23 June 1983
Authorizes the President to present on behalf of Congress a gold medal to Danny Thomas in recognition of his humanitarian efforts and outstanding work as an American. Directs the Secretary of the Treasury to strike a gold medal with suitable emblems, devices, and inscriptions to be determined by said Secretary. Provides, effective October 1, 1983, funds not to exceed $22,000 to carry out the purposes of the Act. Provides that the Secretary may cause bronze duplicates of the medal to be coined and sold under regulations prescribed by the Secretary at a price sufficient to cover the costs of producing the gold medal. Directs that the appropriation used to carry out the provisions of the Act shall be reimbursed out of the proceeds from such coin sales. Provides that the medals are to be national medals.
United States · United States Congress · 22 June 1983
Expresses the sense of the Senate that the President should: (1) conduct an analysis of the extent to which U.S. antitrust laws hinder the capability of U.S. industry facing import competition; and (2) consider the impact on domestic markets of modifications to antitrust laws designed to consolidate production facilities and compete more effectively with imported goods. States that the President and the Special Trade Representative should make use of the Trade Advisory Committees in preparation of such presidential analysis. Requests that the analysis be completed within six months of the date of enactment of this resolution.
United States · United States Congress · 21 June 1983
Amends the Internal Revenue Code to make permanent the present one percent rate for deductible additions to a bank's bad debt loss reserve account. Modifies the experience method of determining amounts necessary to sustain such a reserve account to allow a taxpayer to use an alternate method of determining reasonable additions to reserve accounts. Repeals the treatment of percentage method additions to loan loss reserves as corporate tax preference items.
United States · United States Congress · 21 June 1983
Oil and Gas Exploration Incentive Restoaration Act of 1983 - Amends the Internal Revenue Code to restore percentage depletion for oil and gas exploration to 27 1/2 percent. Makes percentage depletion fully available to both integrated and independent oil producers. Removes the intangible drilling cost deduction from the list of tax-preference items subject to the alternative minimum tax. Restores full deductibility for intangible drilling costs incurred by integrated oil companies.
United States · United States Congress · 20 June 1983
Provides that the United States relinquishes to the respective States all right, title, and interest of the United States with respect to historical shipwrecks and structures on the seabed or in the subsoil of lands beneath the navigable waters within the boundaries of such States. Provides that the U.S. maritime law of salvage shall not apply to such shipwrecks or structures.
United States · United States Congress · 15 June 1983
Expresses the sense of the Senate that the President should convene a national, bipartisan commission to address the problems in Central America. Suggests certain requirements for the Commission.
United States · United States Congress · 13 June 1983
Declares the Port of Houston Authority Bridge over Greens Bayou, Texas, to be for all purposes a "lawful bridge" as defined in a specified Act which provides for the alteration of certain bridges over navigable waters of the United States and for the apportionment of the cost of such alterations between the United States and the owners of such bridges. Authorizes the Secretary of Transportation to reimburse the bridge owner for work done prior to the date of enactment of this Act which, if done after enactment of this Act, would have been the responsibility of the United States.
United States · United States Congress · 13 June 1983
Authorizes the Secretary of the Army, acting through the Chief of Engineers, to construct the project for flood control and recreation in the upper White Oak Bayou area, Texas.
United States · United States Congress · 13 June 1983
Amends the Flood Control Act of 1946 to revise provisions relating to projects in the Brazos River Basin, Texas, to provide that a specified portion of the conservation storage capacity of the Belton Reservoir on the Leon River shall be available for water supply (as well as irrigation) purposes in the Leon, Lampasas, and Little River Valleys.
United States · United States Congress · 13 June 1983
Authorizes the Secretary of the Army, acting through the Chief of Engineers, to construct the project for flood control on Lake Wichita, Holliday Creek, Texas.
United States · United States Congress · 13 June 1983
Authorizes the Secretary of the Army, acting through the Chief of Engineers, to construct the project for flood control on Boggy Creek in Austin, Texas.
United States · United States Congress · 13 June 1983
Amends the Rivers and Harbors Act of 1945 to provide that the authorization of specified Federal improvement projects on the Neches and Angelina Rivers, Texas, is not to be construed as a reservation of power development, under the Federal Power Act of 1920, at Town Bluff Dam, Texas.
United States · United States Congress · 13 June 1983
Amends the Water Resources Development Act of 1976 to authorize and direct the Secretary of the Army, acting through the Chief of Engineers, to enable the engineering officer in charge of each district to certify that flood control improvements are compatible with local improvement projects then under study.
United States · United States Congress · 13 June 1983
Amends the Flood Control Act of 1970 to permit specified cooperation agreements relating to water resources project construction to reflect that such agreements do not obligate future legislative appropriations or other funds for performance of the terms of the agreement and payment of damages in the event of failure to perform: (1) where the non-Federal interest is in the State itself; and (2) when obligating future appropriations or other funds would be inconsistent with State constitutional limitations.
United States · United States Congress · 13 June 1983
Authorizes the Secretary of the Army to contract with specified local governments for the use of water supply storage in the Benbrook Reservoir in Texas.
United States · United States Congress · 6 June 1983
Exempts from State and local ad valorem taxation: (1) tangible personal property imported from outside the United States and held in a foreign-trade zone for certain purposes; and (2) tangible personal property produced in the United States and held in a zone for exportation.
United States · United States Congress · 6 June 1983
Amends the Internal Revenue Code to exempt holdings in an independent local newspaper business from the tax on excess business holdings of private foundations. Defines an "independent local newspaper business" as: (1) a proprietorship which publishes an independent local newspaper; (2) a partnership which publishes such a newspaper and which has none of its outstanding partnership interests traded in an established securities market; and (3) a corporation which publishes such a newspaper and which has none of its outstanding capital stock traded in an established securities market.
United States · United States Congress · 26 May 1983
Native Latex Commercialization and Economic Development Act of 1983 - Amends the Native Latex commercialization and Economic Development Act of 1978 to authorize cooperative natural latex research and development projects with Australia, Israel, and Egypt. Authorizes appropriations through FY 1987 for the Departments of Agriculture and Commerce to carry out activities under such Act. Extends reporting requirements through 1988.
United States · United States Congress · 25 May 1983
Amends the Tariff Schedules of the United States to suspend the duty on MXDA (meta-Xylene-Diamine and 1, 3-BAC (1, 3-Bis (aminomethyl))-cyclohexane)) until July 1, 1986.
United States · United States Congress · 24 May 1983
Authorizes the President to present, on behalf of the Congress, a specially struck gold medal to the widow of Roy Wilkins. Authorizes the Secretary of the Treasury to coin and sell bronze duplicates of such medal. Authorizes appropriations.
United States · United States Congress · 24 May 1983
Expresses the sense of the Congress that: (1) the National Conference of Commissioners on Uniform State Laws should develop a model State act (and interstate recognition and enforcement procedures) providing grandparents with adequate rights to petition in State courts for privileges to visit their grandchildren after a dissolution of the parents' marriage; (2) States should adopt such model State act; and (3) the Secretary of Health and Human Services, through the National Center for Child Abuse and Neglect, should provide technical assistance to States in developing guidelines which help determine the best interests of the child in such cases and which take into account the ability of grandparents to help satisfy such child's need for continuity of care.
United States · United States Congress · 23 May 1983
Federal Elections Campaign Reform Act - Amends the Communications Act of 1934 to declare that licensees who exercise absolute discretion to sell broadcast time for political advocacy or criticism regarding individual candidates must provide the opportunity for such candidates or other opposing political advocates to use the same amount of time during the same period of the day without charge. Prohibits such licensees from exerting any power of censorship over the material required to be broadcast.
United States · United States Congress · 18 May 1983
Requires the Attorney General and all other appropriate Federal agencies and officials to enforce the antitrust laws, including the prohibition against vertical price restraints. Directs such officials and agencies to cease propounding arguments in court designed to weaken such prohibition, and to submit to Congress proposed legislation to make any desired changes in such prohibition.
United States · United States Congress · 17 May 1983
Rural Electrification and Telephone Revolving Fund Self-Sufficiency Act of 1983 - Amends the Rural Electrification Act of 1936 (REA) to eliminate the requirement for a State certificate of convenience and necessity before the Administrator may make loans to provide rural telephone service. Revises the liabilities and uses of the Rural Electrification and Telephone Revolving Fund established under the REA to provide that notes of the Administrator to the Secretary of the Treasury to obtain funds for loans shall be equity capital of the Fund. States that assets of the Fund shall be available only for: (1) payment of interest and principal on loans to the Administrator from the Secretary; and (2) for certificates of beneficial ownership issued to the Secretary or in the private market. Requires the Administrator to maintain two separate accounts within the Fund: (1) the Electrification Account; and (2) the Telephone Account. Lists the items that shall be accounted for in each Account respectively, and restricts the purposes for which the assets of each Account shall be available. Authorizes the Administrator to repurchase specified certificates of beneficial ownership under certain conditions affecting their interest rates. Establishes guidelines for interest-bearing insured loans made by the Administrator to electric and telephone borrowers. Requires the Secretary of Agriculture to request in each annual supplemental budgets estimate the amount needed to replenish the Fund for anticipated and actual costs resulting from loans made at less than a specified rate during the preceding fiscal year. Directs the Administrator to guarantee loans to specified borrowers or to accommodate or subordinate liens or mortgages held in the Fund, according to prescribed rules and regulations. Directs the Administrator to promulgate such rules and regulations within ninety days after the effective date of this Act. Prescribes guidelines under which certain lenders are authorized to adjust interest rates on loans guaranteed by the Administrator. Requires rural electrification borrowers to obtain concurrent supplemental financing according to prescribed guidelines in any fiscal year in which the minimum loan level for insured rural electrification loans is less than $1,000,000,000. Repeals certain provisos governing the loan-making authority of the Governor of the Rural Telephone Bank which require approval by the Secretary of Agriculture of facilities or lines to be acquired with such loans. Eliminates loan restrictions placed upon potential borrowers whose net worth exceeds their assets by twenty percent.
United States · United States Congress · 17 May 1983
Expresses the support of the Senate for Lebanon's and Israel's agreement on arrangements for the withdrawal of Israeli forces from Lebanon. Calls upon other nations to work toward the withdrawal of all foreign forces from Lebanon. Emphasizes the need of all nations to recognize the sovereignty of Lebanon. Urges Syria and the Palestine Liberation Organization to agree to the arrangements for the withdrawal of their forces from Lebanon.
United States · United States Congress · 12 May 1983
National Fish and Wildlife Foundation Establishment Act - Establishes the National Fish and Wildlife Foundation as a charitable and nonprofit corporation which is not an agency or establishment of the United States. States that the purposes of the Foundation are: (1) to encourage, accept, and administer private gifts of property for the benefit of, or in connection with, the activities of the U. S. Fish and Wildlife Service; and (2) to conduct such other activities as will further the conservation and management of the fish and wildlife resources of the United States. Sets forth provisions relating to: (1) the Board of Directors of the Foundation; (2) the rights and obligations of the Foundation; (3) tax-exempt status; (4) volunteers; (5) audits and reports; and (6) petition of the Attorney General for equitable relief. Releases the United States from liability for any debts, acts, or omissions of the Foundation. States that the right to repeal, alter, or amend this Act at any time is expressly reserved to the Congress. Authorizes appropriations for ten years.
United States · United States Congress · 12 May 1983
Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act and the Internal Revenue Code to provide that the pensions received by retired judges who are assigned to active duty shall not be treated as wages for purposes of title II.
United States · United States Congress · 11 May 1983
Disapproves the proposal of the Study Group on Senate Practices and Procedures to abolish the Committee on Veterans' Affairs by merging it with the Committee on Armed Services.
United States · United States Congress · 10 May 1983
Section 6166 Technical Revision Act of 1983 - Amends the Internal Revenue Code to revise requirements for the extension of time for payment of estate tax for interests in certain closely held corporations. Includes as a qualifying interest a partnership in which the decedent owns 20 percent or more of the profits interest. Increases from 15 to 35 the number of partners allowed in a qualifying closely-held business. Eliminates the distinction between voting and nonvoting stock for purposes of determining a decedent's interest in a qualifying closely-held business. Includes as a qualifying interest: (1) certain nonoperating interests in minerals; (2) certain interests in notes or other debt instruments issued by a corporation and held by a decedent who had some equity interest in the corporation; and (3) certain interests in assets leased to or used by a corporation or partnership. Revises attribution rules for purposes of determining numerical shareholder limitations and percentage ownership limitations on qualifying closely-held businesses. Includes in the decedent's gross estate certain items for which the marital deduction was previously allowed. Excludes certain contributions made by a decedent to a closely-held business or a partnership from the valuation of an interest in a closely- held business if the contribution is not used in carrying on the trade or business. Permits the aggregation of interests in two or more closely-held businesses if each interest equals or exceeds five percent of the adjusted gross estate. Eliminates the acceleration of estate tax payments in the case of disposals or withdrawals of the estate's interest in the business if the proceeds are used to pay certain Federal or State death taxes and funeral and administration expenses. Sets forth special rules for the treatment of reorganizations as dispositions, withdrawals, or exchanges of a decedent's interest in a closely-held business. Provides that subsequent transfers of property by reason of the death of a person who acquired the property through the decedent's estate will not accelerate payment of the tax (thereby repealing the family member limitation). Sets forth special rules in the case of buy-outs and redemptions of a decedent's interest in a closely-held corporation or partnership. Permits an estate to sell its stock or partnership interest to the company or to an existing owner or employee in exchange for a note without the acceleration of estate taxes. Disallows such tax deferral in the case of a limited exchange or payment of principal on such a note. Provides that a disposition of an interest in a closely-held business will not result in acceleration in the case of like-kind exchanges or involuntary conversions to the extent that no gain is recognized. Prescribes penalties for the failure to make installment payments of deferred taxes within six months of the due date. 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. Revises requirements for the deduction as an administration expense of interest on installment payments of estate taxes. Suspends the period of limitations on the making of certain assessments due to adjustments in the taxable estate in the case of extensions of time for payment of the estate tax. Authorizes the Tax Court to issue declaratory judgments with respect to controversies involving the extension of time for payment of the estate tax. Prescribes penalties for frivolous or groundless proceedings or proceedings merely for delay. Sets forth penalties for negligence or intentional disregard of rules and regulations resulting in an underpayment of estate tax. Revises requirements for assessment or collection of deficiencies in estate tax in the case of appeals.
United States · United States Congress · 10 May 1983
Federal Alien Incarceration Responsibility Act - Directs the Attorney General to reimburse State governments for the cost of imprisoning certain aliens who commit felonies. Authorizes appropriations.
United States · United States Congress · 6 May 1983
Expresses the sense of the House of Representatives that the President should seek a consensus at the Williamsburg Summit, aimed at: (1) reducing disparities in certain financial rates and economic policies among summit countries; and (2) arranging a meeting of summit country finance ministers with the Secretary of the Treasury, to achieve an alignment between the interest rates and major currencies. Urges the President to arrange, in conjunction with the Williamsburg Summit, bilateral discussions with the Prime Minister of Japan to bring about further realignment of the yen and dollar exchange rates.
![Official portrait of Sen. Bentsen, Lloyd M. [D-TX]](https://www.congress.gov/img/member/b000401_200.jpg)