United States · United States Congress · 7 April 1981
Economic Equity Act - Title I: Tax and Retirement Matters - Amends the Internal Revenue Code to provide that the maximum deduction for contributions to an individual retirement plan: (1) shall be computed separately for each individual who is married; and (2) in the case of a married individual who has no compensation or less compensation than that of the spouse, shall be determined as if such compensation were the same as that of the individual's spouse. Amends the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code to require that a retirement plan that provides an annuity to a participant with at least ten years of creditable service shall provide a survivor's annuity for the spouse of a participant who dies before the annuity starting date in an amount not less than the amount that would have been made under the survivor's annuity if the participant had survived and retired on such annuity date. Provides that a participant's election not to take a joint and survivor's annuity shall not be effective unless the spouse of the participant consents in writing to such an election. Allows the assignment of the benefits of a qualified retirement plan in the case of a judgment decree or order relating to child support, alimony payments, or marital property rights pursuant to a State domestic relations law. Amends ERISA to lower the age limitation for participation in a qualified retirement plan from age 25 to age 21. Amends ERISA and the Internal Revenue Code to provide for accruals of creditable service to continue while an individual is on approved maternity or paternity leave at the rate of 20 hours service for each week of approved leave. Amends the Internal Revenue Code to: (1) increase the zero bracket amount; (2) lower the tax rate; (3) decrease withholding requirements; and (4) increase minimum filing requirements for heads of households. Entitles former spouses of members of the uniformed services, civil service employees, and Members of Congress, who were married for at least ten years during creditable service, to an annuity based upon a portion of retired or retainer pay. Amends the Survivor Benefit Plan of the uniformed services to make former spouses eligible for annuities under such plan. Provides for survivor's annuities for surviving former spouses of civil service employees or Members of Congress. Provides that the election of a member of the uniformed services, civil service employee, or Member of Congress not to make a joint and survivor's annuity shall not be effective unless the spouse and any former spouse consents in writing to such an election. Amends the Internal Revenue Code to provide a tax credit to employers of displaced homemakers. Title II: Day Care Program - Amends the Internal Revenue Code to revise the formula for determining the tax credit for household and dependent care services necessary for gainful employment. Provides that such credit may exceed tax liability. Increases the dollar limit for such credit from $2,000 to $2,500 (from $4,000 to $5,000 for two or more dependents). Allows a higher limit in the case of a taxpayer with children under two years of age. Increases the earned income limitation for such credit in the case of a spouse who is a student or incapable of self-care. Provides that employers may make advance payments of the credit to qualified employees. Excludes from gross income of an employee any amounts paid or expenses incurred by the employer for dependent care assistance to such employee. Title III: Armed Forces - Revises the rules for the distribution of the property of deceased members of the Air Force and Army by removing any gender distinctions from such rules. Establishes a distribution formula based on six classes: (1) beneficiary named in a will; (2) surviving spouse; (3) children; (4) parents; (5) siblings; and (6) next of kin. Eliminates sexual distinctions with regard to promotion procedures and procedures to remove reserve officers from active duty status in the Naval and Marine Corps Reserve. Requires the Secretary of Defense to make an annual report to the Congress concerning the status of women in the armed forces. Title IV: Estate Tax on Agricultural Property and Farm Loans - Amends the Internal Revenue Code to increase the unified credit against the estate and gift tax from $47,000 to $192,800 by specified annual increments through 1985. Increases the minimum gross estate requirement for filing a return from $175,000 to $600,000. Qualifies estates of decedents who were disabled or retired for the special valuation of certain farms based on use if they materially participated in the operation of the farm for five out of eight years preceding the year in which they became disabled or eligible for disability benefits. 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 during the period beginning on the date of deaths of the decedent and ending on the date of death of the spouse. 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 received property from a decedent who qualified for special use valuation. Repeals the $500,000 limitation on the reduction of the value of qualified real property permitted by the special use valuation. Provides that the interest rate on extended payments of estate taxes shall be the lower of six percent or 75 percent of the prime rate. Amends the Consolidated Farm and Rural Development Act to remove the preference to married persons in receiving farm improvement loans. Title V: Nondiscrimination in Insurance Act - Prohibits discrimination on the basis of race, color, religion, sex, or national origin in the consideration of applications for, or the granting of, insurance policies and the terms of such policies. Permits insurers who regularly provide insurance solely to persons of a single religious affiliation to continue to do so. Grants to State or local governments having insurance discrimination laws the primary opportunity to enforce this Act. Permits an aggrieved person to file a civil action in State or Federal court against an insurer, if a State or local authority: (1) has received notice of a complaint and fails to act within 60 days; or (2) has no insurance discrimination laws. Authorizes the Attorney General to bring a civil action in district court when there is reasonable cause to believe that a person or group is engaged in a pattern or practice of resistance to the rights granted by this Act and that such denial raises an issue of general public importance. Title VI: Regulatory Reform and Sex Neutrality - Requires the heads of each Federal administrative agency to conduct a review of the regulations of that agency to assure that such regulations are sex neutral. Requires that, to the extent practicable, all rules, regulations, documents, and other writings of Federal administrative agencies shall use words that are neutral as to gender, unless the subject matter specifically applies only to one sex or the words used do not result in sex-based discrimination. Title VII: Study of Enforcement of Alimony and Child Support Payments - Directs the Attorney General to undertake a study of the appropriate role of the Federal Government in the enforcement of delinquent payments of alimony, child support, and property settlement orders against an absent spouse or parent. Requires the Attorney General to submit to the President and the Congress not later than one year after enactment of this Act a report of such study together with recommendations for appropriate legislation.
United States · United States Congress · 2 April 1981
Commends Secret Service Agents Timothy McCarthy and Jerry Parr and Metropolitan Police Officer Thomas Delahanty for their performance in the line of duty with respect to the assassination attempt on the life of the President of the United States.
United States · United States Congress · 31 March 1981
Amends the Bankruptcy Reform Act of 1978 to require the bankruptcy court, in the case of a bankruptcy petition filed by a person engaged in the business of operating a farm produce storage facility, within specified time limits, to: (1) identify those farm producers who have produce in storage, and those parties which have secured interests in farm produce, within such facility; (2) audit the assets of the farm produce storage facility for the purpose of determining the extent of farm produce available for distribution to such producers and secured creditors; and (3) direct the abandonment of such farm produce according to procedures set forth by this Act. Declares that such procedures shall be applied by the court solely for the purpose of effectuating abandonment of farm produce which is not property of the estate, or is of inconsequential value to the estate, and shall not be construed to limit the right of any party to seek abandonment of any other property. Prohibits distribution of farm produce ordered abandoned by the court from being delayed due to the pendency of any appeal from the orders of abandonment, except that a stay of orders may be entered under specified conditions. Makes any such stay of orders appealable as of right by any aggrieved party. Grants to any person who, having delivered agricultural products to a licensed warehouseman upon a contract for sale and who has not received the agreed upon payment, a lien against products of like quantity, quality, and type, title to which may be then vested in such warehouseman, to the extent of the payment agreed upon for the purchase of the product sold. Attaches such lien at the time of the formation of the oral or written contract for sale and continues it until the obligations of the warehouseman to the seller of the products are satisfied.
United States · United States Congress · 26 March 1981
Amends the Powerplant and Industrial Fuel Use Act of 1978 to permit local distribution companies to provide natural gas service to residential customers for use in outdoor lighting fixtures installed before the enactment of such Act and for which natural gas was being provided on the date such Act was enacted. Requires each local distribution company, in accordance with rules established by the Secretary of Energy, to: (1) inform its customers periodically of the amount of natural gas consumed by outdoor lighting; and (2) report the method to the Secretary.
United States · United States Congress · 19 March 1981
Requests the President to designate the week of May 10 to May 16, 1981, as "CARE Week" in observance of the thirty-fifth anniversary of CARE (the Cooperative for American Relief Everywhere, Inc.).
United States · United States Congress · 12 March 1981
Strategic Petroleum Reserve Amendments of 1981 - Amends the Energy Policy and Conservation Act to require major importers of crude oil to contribute annually to the Strategic Petroleum Reserve five times the average daily amount of crude oil imported by such persons. Permits title to contributed crude oil to remain with such importers. Requires the Secretary of Energy to pay an annual fee to such importers. Authorizes the Secretary to permit such importers to remove amounts of crude oil on the commencement of distribution under the plan contained in the implemented Strategic Petroleum Reserve Plan. Requires the Secretary to pay importers (less the amount of the fee already paid) for crude oil distributed from the contributed amounts. Authorizes appropriations.
United States · United States Congress · 12 March 1981
Allows motor carriers an income tax deduction for the value of motor carrier operating authorities rendered worthless by deregulation or $50,000, whichever is greater. Requires the deduction of such amount over a 36 month period.
United States · United States Congress · 10 March 1981
Economic Recovery Tax Act of 1981 - Title I: Individual Tax Rate Cuts - Amends the Internal Revenue Code to reduce individual and estate and trust income tax rates for 1981, 1982, 1983, and 1984, lowering the maximum rate to 50 percent in 1984. Repeals the 50 percent maximum tax rate on personal service income. Reduces the alternative minimum tax for noncorporate taxpayers. Title II: Incentives for Plant, Equipment, and Real Property - 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 cost recovery periods for the following classes of business property: (1) Ten-year property, including owner-used buildings and their structural components and certain public utility property; (2) five-year property, including tangible property, and (3) three-year property, including automobiles, light-duty trucks, and certain tangible property used in connection with research and experimentation. Excludes from the category of recovery property: (1) property placed in service before January 1, 1981; (2) certain property eligible for amortization; and (3) certain depreciable real property. 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. Revises the treatment of progress expenditure property with respect to the investment tax credit and the allowance for depreciation. Includes as recovery property, property which would have been depreciated using the retirement-replacement-betterment method. Provides special rules for recovery property predominantly used outside of the United States. Establishes definite useful lives for certain types of real property, (e.g., buildings, low-income housing, owner-occupied industrial and commercial buildings) which are not subject to change by the Internal Revenue Service upon audit. Allows current depreciation of any qualified progress expenditure property not yet placed in service. Revises the applicable percentage for determination of the investment tax credit to make eligible for such credit: (1) 100 percent of the basis of ten-year or five-year recovery property; and (2) 60 percent of the basis of three-year recovery property. Revises the progress expenditure rules to eliminate the useful life requirement for depreciable property being constructed by or for a taxpayer for use in trade or business (qualified progress expenditure property) and to apply to such property the revised percentages for determining the investment tax credit under this Act. Revises rules for the recapture of tax benefits upon the disposition of property eligible for the investment tax credit. Prescribes recapture percentages for each of the three classes of recovery property. Limits the amount of the investment tax credit to the amount that the taxpayer has at risk. Disqualifies capital cost recovery property from the allowance for first year depreciation. Repeals the retirement-replacement- betterment methods of depreciation allowed for certain types of property. Specifies that such property shall be depreciated using a ratable method. Requires the recapture as ordinary income of excess depreciation from recovery property which is subsequently sold or exchanged. Exempts accelerated depreciation on real property with a shortened audit-proof life and recovery property from classification as an item of tax preference for purposes of computing the minimum tax. Sets forth rules for treatment of the depreciation allowance for any recovery property under real property with a shortened audit-proof life in computing the earnings and profits of a corporation. Extends the carryover period for the net operating loss deduction, the investment tax credit, the work incentive program credit, and the new employee credit. Sets forth a method of computing the recovery allowance for recovery property and certain real property in the case of certain corporate acquisitions.
United States · United States Congress · 3 March 1981
Amends the Communications Act of 1934 to prohibit the manufacture, importation, installation, offer to sell, rent, or lease, or other distribution of telephone receivers or similar equipment manufactured after the date of enactment of this Act for use in connection with any interstate or foreign communication, unless such receiver or equipment is designed and manufactured to permit telephone reception by means of hearing aids with inductive receptors.
United States · United States Congress · 26 February 1981
Soil and Water Conservation Incentives Act of 1981 - Amends the Internal Revenue Code to allow a taxpayer engaged in the business of farming an investment tax credit for soil and water conservation expenditures not treated as deductible expenses.
United States · United States Congress · 26 February 1981
Family Enterprise Preservation Act - Amends the Internal Revenue Code to allow a deduction from the value of a decedent's gross estate for the value of an interest in qualified tangible property (tangible property located in the United States which on the date of decedent's death was being used as a farm for farming purposes or in a trade or business other than farming) only if at least 50 percent of the adjusted value of the decedent's estate consisted of the adjusted value of tangible property which: (1) on the date of the decedent's death was being used for a qualified use; and (2) passed from the decedent to a qualified heir (a member of decedent's family). Limits such deduction to $750,000 with respect to bequests of qualified tangible property to decedent's spouse and $750,000 with respect to bequests to qualified heirs other than the spouse. Imposes an additional estate tax if, within 15 years of the decedent's death and before the qualified heir's death, the qualified heir: (1) disposes of any interest in qualified tangible property (other than by a disposition to a member of his family); or (2) ceases to use such qualified tangible property for the qualified use. Provides for reducing the amount of additional tax for such disposition or cessation according to the number of years after decedent's death that such disposition or cessation occurs. Prohibits the imposition of more than one additional tax with respect to any portion of an interest in such qualified tangible property.
United States · United States Congress · 26 February 1981
Expresses the sense of Congress that Congress shall work its will and take final action no later than May 31, 1981, on the economic recovery proposals which President Reagan presented to the Congress on February 18, 1981.
United States · United States Congress · 24 February 1981
Revises the congressional budget in order to: (1) reduce budget authority by $10.7 billion, and outlays by $4,8 billion, in fiscal year 1981; (2) reduce budget authority by $61.3 billion, and oulays by $41.4 billion, in fiscal year 1982; and (3) reduce budget authority by $88.4 billion, and outlays by $79.7 billion, in fiscal year 1983.
United States · United States Congress · 24 February 1981
Expresses the sense of Congress that agricultural resources are of strategic importance to the United States' future and calling for Federal cooperation with State and local governments and assistance to persons engaged in agriculture.
United States · United States Congress · 20 February 1981
Airport and Airway System Development Act of 1981 - Directs the Secretary of Transportation to review and revise the existing national airport system plan to provide for the development of public-use airports in the United States. Specifies that such plan shall include the type and estimated cost of eligible airport development considered by the Secretary to be necessary for civilian, military, and postal purposes. Directs the Department of Defense to make domestic military airports and airport facilities available for civil use to the extent feasible. Directs the Secretary, the Secretary of Defense, and the Comptroller General, within one year of the date of enactment of this Act, to submit to Congress: (1) a joint evaluation of the military airport system; and (2) a plan to make such system available for civil uses compatible with national defense requirements. Specifies that the costs incurred by the Secretary of Transportation for improvements to air navigation facilities shall be charged to funds appropriated by this Act. Sets forth the aggregate funding level for such grants for fiscal years 1981 through 1985. Authorizes the Secretary to make grants from the Airport and Airway Trust Fund for airport development and planning in the form of project-grants or block-grants. Allows expenditures for such development or planning at a privately owned reliever airport under certain conditions. Authorizes appropriations out of the Trust Fund for fiscal years 1981 through 1985 for: (1) establishment of air navigation facilities; (2) airport research, engineering and development, and demonstration projects; (3) costs of services provided under international agreements relating to the joint financing of air navigation services; and (4) costs incurred by the Secretary to flight check and maintain such air navigation facilities. Sets forth the method for apportioning the funds made available under this Act. States that the funds of the Trust Fund shall not be appropriated except for purposes described in this Act. Specifies that funds apportioned by this Act and unobligated within a certain time shall be added to a discretionary fund established by this Act. Sets forth airport funding requirements. Directs the Secretary to cooperate with State and local officials in the development of airport plans and programs which are formulated on the basis of overall transportation needs and coordinated with other transportation planning with due consideration to comprehensive long-range land-use and access plans and overall social, economic, environmental, system performance, and energy conservation goals and objectives. Sets forth procedures for the submission of project-grant and block-grant airport development applications and requirements which must be satisfied for approval of such applications. Requires a sponsor of an airport project to hold public hearings where the project-grant application involves the location of an airport, an airport runway, or a major runway extension. States that such a grant shall not be made unless the Governor of the State in which the project is to be located certifies in writing to the Secretary that there is a reasonable assurance that the project will comply with applicable air and water quality implementation plans. Authorizes the Secretary to approve State airport development standards at specified kinds of public-use airports. Directs the Secretary to accept conclusionary certifications from participating project sponsors that they have complied or will comply with all of the statutory, regulatory, and procedural requirements imposed under this Act or any other Federal law. Limits the United States' share of allowable project costs to 90 percent. Establishes lower percentages for such projects under specified circumstances. Requires the Secretary to receive specified written assurances before approving an airport development project contained in a project-grant application. Exempts certain project sponsors from contractual obligations to provide free space in airport buildings to the Federal Government. Directs airport sponsors to consult affected parties in making a decision to undertake any airport development project. Sets forth procedures for acceptance of project-grant and block-grant agreements and allowable project costs. Requires that construction work on projects funded under this Act be subject to inspection and approval by the Secretary and be in accordance with regulations prescribed by the Secretary. Provides that contracts in excess of $2,000 for such construction projects shall include provisions establishing minimum rates of wages to be predetermined by the Secretary of Labor in accordance with the Davis-Bacon Act. Requires that construction contracts for airport development projects grant employment preferences to Vietnam and disabled veterans. Directs the Secretary of Transportation, in the event that a public airport project will require the use of Federal lands, to request the head of the Federal agency or department controlling such lands to transfer the necessary property interests to the participating public agency. Requires the head of such agency or department to notify the Secretary within four months of its decision with respect to such a request. Exempts from such requests lands under the administration of the National Park Service, units of the National Wildlife Refuge System or similar areas under the jurisdiction of the United States Fish and Wildlife Service or within any national forest or Indian reservation. Sets forth criminal penalties for fraudulent acts committed with regard to projects under this Act. Sets forth recordkeeping and auditing requirements with respect to projects under this Act. Requires annual documentation by hub airports of the need for Federal assistance. Directs the Secretary to take affirmative action to assure that no person shall, on the grounds of race, creed, color, national origin, or sex, be excluded from participating in any activity conducted with funds received from any grant made under this Act. Provides that no obligation for airport development shall be incurred by the Secretary after September 30, 1981, at any airport which enplanes more than .5 percent (.25 percent after September 30, 1982) of the total number of passengers enplaned in calendar year 1979 at all commercial service airports. Authorizes other airports after such date to elect not to receive such assistance. Directs the Secretary to issue criteria pursuant to which an owner or operator of an airport that becomes ineligible to receive Federal assistance under this Act may terminate any existing obligations with the United States that arose from the acceptance of such Federal assistance. Sets forth procedures for the termination of such obligations. Permits an air carrier airport owner or operator to renegotiate rates, fees, or other charges paid by air carriers to replace such Federal assistance revenues. Repeals sections of the Airport and Airway Development Act of 1970 relating to airport development funding. Directs the Secretary to transmit annually to Congress a report describing the status of the revenues and expenditures of the Airport and Airway Trust Fund and its programs and operations. Directs the Secretary and the Comptroller General, within nine months of the date of enactment of this Act, to conduct separate studies of airports ineligible to receive Federal assistance under this Act to determine the ability of such airports to replace the moneys they would otherwise receive as Federal assistance. Amends the Federal Aviation Act of 1958 to require that airport operating certificates prescribe terms, conditions, and limitations relating to such friction treatment for runways as the Secretary determines to be necessary. Requires that all airports upon which Federal funds have been expended shall be available for: (1) public use; and (2) all types of aeronautical use on fair, reasonable, and nondiscriminatory terms.
United States · United States Congress · 16 February 1981
Amends the Internal Revenue Code to provide that the amount of the charitable deduction allowable for motor vehicle expenses will be determined in the same manner Federal employees determine reimbursement for business use of their vehicles.
United States · United States Congress · 6 February 1981
Amends the Federal criminal code with respect to the circumstances under which a person charged with or convicted of a crime may be released on bail or personal recognizance. Permits a defendant to be released on personal recognizance only if the crime charged does not: (1) involve violence, extortion, racketeering, trafficking in drugs, or possession of instruments or substances capable of harming persons or property; and (2) carry an aggregate sentence of more than five years' imprisonment. Conditions release on personal recognizance on a showing by the defendant by convincing evidence that he or she: (1) has no prior arrests; (2) has a responsible employment record; (3) supports family members; and (4) is a person of good character. Entitles a person charged with an offense other than one punishable by death to be admitted to bail, in such amount as will insure his or her presence. Adds to those factors which bear on the defendant's appearance: (1) whether the defendant is or has been charged with offenses involving violence or possession of instruments or substances capable of harming persons or property; (2) the severity of the penalties for the offense charged; (3) any history of drug-related problems; and (4) other factors relating to the defendant's presence. Permits a person who is denied release to appeal to the appropriate court, but conditions reversal on a clear abuse of judicial discretion in applying the standards. Provides that a defendant charged with a capital offense or awaiting sentence or appeal following a conviction has no right to bail. Permits the trial court, after consideration of the same factors applicable to a person charged with an offense, to grant bail to a defendant who has been convicted of an offense.
United States · United States Congress · 6 February 1981
Expresses the sense of the Senate that no future amendments to the Federal debt limit may be approved without the previous adoption of specified actions by the President and the Congress to balance Federal outlays and revenues without increasing taxes.
United States · United States Congress · 5 February 1981
Petroleum Displacement Act of 1981 - Amends the Powerplant and Industrial Fuel Use Act of 1978 to repeal certain prohibitions and limitations on the use of natural gas as a primary energy source in electric powerplants. Repeals the authority of the Secretary of Energy to prohibit the use of petroleum or natural gas or both: (1) as a primary energy source in electric powerplants where coal or alternate fuel capability exists; and (2) in excess of a minimal amount in an electric powerplant where feasible to use a mixture of petroleum or natural gas or an alternate fuel as a primary energy source.
United States · United States Congress · 3 February 1981
Amends the Federal Mine Safety and Health Amendments Act of 1977 to provide that the provisions of such Act shall not apply to any surface mining of stone, clay, sand, or gravel.
United States · United States Congress · 3 February 1981
Expresses the sense of Congress that, in accordance with specified international agreements, the Soviet Union should provide proper medical care for Viktor Brailovsky and permit him to emigrate to Israel with his family. Urges the President to: (1) continue to express U.S. opposition to the imprisonment and treatment of Brailovsky; and (2) inform the Soviet Union that the United States, in evaluating its relations with other countries, will consider the extent to which those countries honor their commitments to human rights under international law.
United States · United States Congress · 29 January 1981
Declares that seven members of named families have resided since a certain date in the United States Embassy in Moscow and have been living there in accordance with United States laws. Authorizes the granting of a visa and admission to the United States for permanent residence to each individual. Provides that each individual shall be held and considered to have been lawfully admitted to the United States for permanent residence as of a specified date, and to have been physically present and residing therein continuously since such date.
United States · United States Congress · 29 January 1981
Constitutional Amendment - Prohibits: (1) any person who has been elected to the Senate twice from being eligible for election or appointment to the Senate; and (2) any person who has been elected to the House of Representatives six times from being eligible for election to the House.
United States · United States Congress · 27 January 1981
Capital Cost Recovery Act of 1981 - 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. Permits calculation of the investment tax credit for such property without regard to the useful life of the property. 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 a taxpayer 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 · 22 January 1981
Tax Expenditure Limitation and Control Act of 1981 - Amends the Congressional Budget Act of 1974 to make it out of order for either House of Congress to adopt the first concurrent resolution on the budget for any fiscal year if the level of revenue loss from tax expenditures contained in the resolution exceeds 30 percent of the level for net revenue set forth in such resolution. Requires referral of any bill or resolution which enacts a new tax expenditure, or modifies an existing tax expenditure, to the committee of the House or Senate which has jurisdiction over the activity such new tax expenditure is intended to affect, and then to the respective Committee on the Budget. Requires such bills or resolutions to be reported in the House or Senate on or before May 15 preceding the fiscal year the new tax expenditure is to become effective.
United States · United States Congress · 21 January 1981
Amends the Powerplant and Industrial Fuel Use Act of 1978 to limit to 12 1/2 percent of the value of the coal produced yearly the amount of all State and local severance taxes or fees on coal mined from Indian or Federal lands and shipped in interstate commerce to any powerplant or major installation.
United States · United States Congress · 21 January 1981
Expresses the jubilation and relief of the Senate at the release of the 52 Americans held hostage by Iran. Expresses appreciation for the efforts of various Government officials to secure the release of the hostages. Recognizes the patriotism of the military personnel who tried to rescue them. Thanks Algeria for its help in securing the hostages' release.
United States · United States Congress · 5 January 1981
Amends the Internal Revenue Code with respect to the method of valuing farms for estate tax purposes to provide that if there is no comparable land from which the average annual gross rental may be determined, but there is comparable land from which the average net share rental may be determined, then the existing valuation formula shall be applied by substituting "average net share rental" for "average gross cash rental." Defines net share rental as the excess of: (1) the value of the produce received by the lessor of the land on which such produce is grown, over (2) the cash operating expenses of growing such produce which, under the lease, are paid by the lessor.
United States · United States Congress · 5 January 1981
Amends the Internal Revenue Code to exempt a certain portion of royalty owner oil production from the windfall profit tax. Limits the amount so exempted per quarter to ten barrels per day. Requires proportionate allocation of any production in excess of ten barrels per day between tier 1 oil, tier 2, and tier 3 oil, and within any tier on the basis of removal prices. Requires allocation of the ten barrel amount among royalty owners who are members of the same related group.
United States · United States Congress · 5 January 1981
Employment Tax Act of 1981 - Amends the Internal Revenue Code to specify standards for determining whether certain individuals qualify as independent contractors for purposes of the tax on employment income. Treats an individual as an independent contractor if such individual: (1) controls the total number of his work hours; (2) does not maintain a principal place of business, or, if he does, such place of business is not provided, or is not provided rent-free, by the person for whom such individual performs services; (3) has substantial investment in his business and earns income based upon sale or output rather than upon number of hours worked; and (4) performs services pursuant to a written contract and is provided written notice of his responsibility with respect to income and self-employment taxes. Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to exclude from social security coverage service performed by an individual who qualifies as an independent contractor under the standards established by this Act.
United States · United States Congress · 2 December 1980
Designates the Clinical Center of the National Institutes of Health located in Montgomery County, Maryland, as the Warren Grant Magnuson Clinical Center of the National Institutes of Health. Directs the Committee on Rules and Administration to place appropriate markers or inscriptions at suitable locations within such center to commemorate and designate such building.
United States · United States Congress · 25 November 1980
Italy Disaster Assistance Act of 1980 - Authorizes the President to provide reconstruction assistance for the victims of the recent earthquakes in Italy. States that such assistance may be provided in accordance with specified congressional policies and authorities. Authorizes appropriations for fiscal year 1981, to remain available until expended, to carry out the purposes of this Act. Allows obligations previously incurred for the provision of reconstruction assistance to the people of Italy to be charged to such appropriations. Directs the President to report quarterly to specified Senate Committees and to the Speaker of the House on the programing and obligations of funds under this Act.
United States · United States Congress · 24 September 1980
Extends the tributes of the Senate to the members of the United States Air Force who participated, including Sergeant Davis Livingston who died and those members who were injured, in the voluntary mission at the Titan II missile site near Damascus, Arkansas.
United States · United States Congress · 17 September 1980
Establishes the United States Holocaust Memorial Council which shall: (1) provide and encourage appropriate ways for the Nation to observe the Days of Remembrance to commemorate the holocaust; (2) plan, erect, and oversee the operation of a memorial museum to the victims of the holocaust; and (3) plan for carrying out the recommendations of the report submitted to the President on September 27, 1979, by the President's Commission on the Holocaust. Authorizes the Council to receive public land in the District of Columbia on which it may erect the memorial. Terminates the Council's authority to construct a memorial if the erection of the memorial has not commenced within five years of enactment of this Act and sufficient funds to ensure completion of the memorial have not been certified to be available. Authorizes appropriations to carry out this Act.
![Official portrait of Sen. Kassebaum, Nancy Landon [R-KS]](https://www.congress.gov/img/member/549ffd7cef829ff27fc294bb4a5e8c9a_200.jpg)