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Official portrait of Sen. Tower, John G. [R-TX]

Sen. Tower, John G. [R-TX]

United States · Official source

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1,303 records where Sen. Tower, John G. [R-TX] is listed as a sponsor, author, or other actor. Search with topics and years

Resolution· SRESS.Res. 356 (97th)passed

A resolution to permit certain members of Senate committees on Armed Services and Budget to provide written statements or testimony in connection with action by the Department of Defense with respect to Mr. John C.F. Tillson.

United States · United States Congress · 31 March 1982

Authorizes certain Senate employees to provide written statements or testimony in connection with a personnel action proposed by the Department of Defense with respect to Mr. John C.F. Tillson.

Bill· SS. 2298 (97th)open

Enterprise Zone Tax Act of 1982

United States · United States Congress · 30 March 1982

Enterprise Zone Tax Act of 1982 - Title I: Designation of Enterprise Zones - Amends the Internal Revenue Code to provide for the designation of enterprise zones by the Secretary of Housing and Urban Development for purposes of extending the tax incentives and regulatory flexibility measures provided by this Act. Specifies that State and local governments shall nominate areas for such designation. Limits the designation of enterprise zones to 25 nominated areas per year. Limits the period during which such designations shall remain in effect. Specifies that the Secretary may designate such zones only if: (1) the area is within the jurisdiction of the local government; (2) the boundary of the area is continuous; (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 within an Indian reservation; and (4) the area meets specified unemployment and poverty requirements. Requires nominating local governments, as a condition of the Secretary's designation, 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, 1985 or three years after publication of regulations pertaining to such zones, whichever is later. Describes areas to which preference shall be given in deciding to designate enterprise zones. Requires that any property tax reduction effected by a local government under the terms of this Act be disregarded for purposes of determining the eligibility of a State or local government for Federal assistance or benefits. States that designation of an enterprise zone shall not give displaced persons from such an area any rights or benefits under the Uniform Relocation Assistance and Real Property Acquisitions Policies Act of 1970. Title II: Federal Income Tax Incentives Subtitle A - Credits for Employers and Employees - Amends the Internal Revenue Code to allow employers a nonrefundable income tax credit for ten percent of the increase in payroll for all employees, taking into account a maximum of $15,000 in wages per employee. Allows such credit only for wages paid to employees who perform 90 percent of their services in work directly related to the conduct of the taxpayers' business located in the enterprise zone and who perform 50 percent of their services within such zone. Phases out such credit in the last three years of the enterprise zone designation. Allows a nonrefundable income tax credit for employers equal to 50 percent of the wages paid to certain disadvantaged workers for the first three years of the enterprise zone designation. Phases out such credit by ten percent a year beginning in the forth year after such designation. Requires a recapture of such credit for the early termination of such employees. Disallows a deduction for the portion of wages or salaries subject to such credit. Requires employers to furnish to each employee a written statement showing the amount of wages paid to such employee. Provides an income tax credit for enterprise zone employees equal to five percent of the first $9,000 of wages received each year. Phases out such credit in the last four years of the enterprise zone designation. Subtitle B: Credits for Investment in Tangible Property in Enterprise Zones - Allows businesses an additional investment tax credit for certain tangible property located in enterprise zones. Limits such credit to five percent for zone personal property and ten percent for new zone construction property, including rental property. Requires that the property subject to such credit be predominantly used in the zone, be purchased after zone designation, and not be acquired from relatives or related corporations. Requires the recapture of such credit upon early disposition of the property. Subtitle C: Reduction in Capital Grain Tax Rates - Eliminates the capital gains tax on property of corporations acquired after the enterprise zone designation and used in a zone business. 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 expenses of property used in a business in an enterprise zone from the computation of the minimum tax. Expresses the sense of Congress that if the minimum tax is modified, enterprise zone capital gain will be excluded in computing minimum taxable income. Subtitle D: Extension of Carryover Periods - Extends the net operating loss and investment tax credit carryover period to the longer of 15 years or the duration of the enterprise zone designation for businesses operating in such zones. Subtitle E: Rules Relating to Industrial Development Bonds - Provides that rules relating to small issue tax-exempt industrial development bonds now in effect shall apply to bonds used to finance land or other depreciable property located in an enterprise zone, even if such rules are subsequently changed. Subtitle F: 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 Act. 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. Authorizes Federal agencies, upon request by a designating government, to waive or modify rules and regulations which pertain to the carrying out of projects or activities within an enterprise zone. Requires agencies to approve such request if the resulting benefits of job creation, community development or economic revitalization outweigh the public interest in continuation of the rule unchanged. Disallows waiver or modification of a rule that would directly violate a statutory requirement (including the Davis-Bacon Act and Fair Labor Standards Act) or which would present a danger to the public health and safety. Provides that such waivers or modifications of rule shall remain in effect as long as the zone designations. Amends the Department of Housing and Urban Development Act to direct the Secretary of Housing and Urban Development to promote the coordination of all enterprise zone programs and consolidate all periodic reports required under such programs into one summary report. Title IV: Establishment of Foreign Trade Zones in Enterprise Zones - Requires the Foreign-Trade Zone Board to consider on a priority basis and expedite the processing of applications for the establishment of foreign-trade zones within enterprise zones. Requires the Secretary of the Treasury to give priority to and expedite applications for the establishment of parts of entry necessary to establish such zones. States that to the maximum extent practicable foreign-trade zones should be established within enterprise zones.

Bill· SJRESS.J.Res. 177 (97th)reported

A joint resolution to express the sense of the Congress that the United States and the Soviet Union should engage in substantial, equitable, and verifiable reductions of their nuclear weapons in a manner which would contribute to peace and stability.

United States · United States Congress · 30 March 1982

Declares that the United States should propose to the Soviet Union: (1) a long-term, mutual, and verifiable nuclear forces freeze at equal and sharply reduced levels; and (2) practical measures to reduce the danger of an accidental nuclear war and to prevent the use of nuclear weapons by third parties. States that the United States and the Soviet Union should channel their resources away from amassing nuclear armaments and towards fighting poverty, hunger, and disease. Declares that the United States should continue to work for balanced arms reductions.

Law· SS. 2248 (97th)enacted

Department of Defense Authorization Act, 1983

United States · United States Congress · 22 March 1982

Department of Defense Authorization Act, 1983 - Title I: Procurement - Authorizes appropriations for the armed forces for FY 1983 for procurement of aircraft, missiles, naval vessels, tracked combat vehicles, torpedoes, and other weapons. Makes permanent the authority of the Secretary of Defense, in carrying out the Multilateral Memorandum of Understanding Between the North Atlantic Treaty Organization (NATO) Ministers of Defense concerning the NATO Airborne Warning and Control System (AWACS) Program, to waive reimbursement for the cost of specified functions performed by other than AWACS personnel and to assume contingent liability for program losses and specified charges. Title II: Research, Development, Test, and Evaluation - Authorizes appropriations for the armed forces for research, development, test, and evaluation for FY 1983. Title III: Operation and Maintenance - Authorizes appropriations for FY 1983 for the armed forces other than the Coast Guard and for other activities and agencies of the Department of Defense. Authorizes additional sums for increases in benefits for civilian employees of the Department of Defense. Title IV: Active Forces - Establishes end strength levels for FY 1983 for active duty personnel for the Army, Navy, Marine Corps, and the Air Force. Title V: Reserve Forces - Establishes average strengths for FY 1983 for: (1) the Army National Guard; (2) the Army Reserve; (3) the Naval Reserve; (4) the Marine Corps Reserve; (5) the Air National Guard; (6) the Air Force Reserve; and (7) the Coast Guard Reserve. Sets forth the number of Reserves serving on full-time active duty to administer, recruit, or train the Reserve components. Provides for the adjustment of average strength levels in the national interest and as specified. Increases the number of enlisted personnel who may be on active duty in support of the Reserve components. Title VI: Civilian Personnel: - Establishes an end strength level for civilian personnel for the Department of Defense for FY 1983. Requires the apportionment of such personnel among the various military branches and departments. Requires the Secretary of Defense to report to Congress on such allocation within 60 days. Specifies the types of civilian employees to be included in such end levels. Permits the Secretary to increase the number of civilian personnel beyond the authorized end strength. Title VII: Military Training Student Loads - Establishes average military training student loads for FY 1983. Title VIII: General Provisions - Requires the Secretary of Defense to administer and not delegate responsibility for schools on military installations. Amends the Department of Defense Authorization Act, 1978, to repeal the requirement for a reduction in the number of senior-grade military employees of the Department of Defense. Amends the Department of Defense Appropriation Authorization Act, 1976, to increase the dollar amount activating the requirement that the Secretary report to Congress on the sale or transfer of defense articles valued at a specified amount. Amends the Department of Defense Authorization Act, 1981 to limit to functions performed by 50 or more personnel the application of the requirement that the Secretary report to Congress on the conversion of performance of commercial and industrial type functions from Department personnel to private contractors.

Bill· SS. 2249 (97th)reported

Department of Defense Supplemental Authorization Act, 1982

United States · United States Congress · 22 March 1982

Department of Defense Supplemental Authorization Act, 1982 - Title I: Procurement - Authorizes supplemental appropriations for FY 1982 for the armed forces for procurement. Title II: Research, Development, Test, and Evaluation - Authorizes supplemental appropriations for FY 1982 for the armed forces for research, development, test, and evaluation. Title III: Operation and Maintenance - Authorizes supplemental appropriations for FY 1982 for the armed forces and other activities and agencies of the Department of Defense for operation and maintenance. Title IV: Active Forces - Increases the active duty end strength of the Army for FY 1982.

Bill· SJRESS.J.Res. 158 (97th)open

A joint resolution expressing the policy of the Government of the United States of America with respect to the Government of Cuba.

United States · United States Congress · 4 March 1982

Declares that the United States intends to continue its policy towards Cuba as expressed in a 1962 joint resolution which states that the United States is determined to: (1) prevent the Cuban regime from expanding; (2) prevent the creation in Cuba of an externally supported military capability endangering U.S. security; and (3) support Cuban self-determination.

Bill· SS. 2080 (97th)referred

Federal Election Campaign Equal and Total Disclosure Act

United States · United States Congress · 9 February 1982

Federal Election Campaign Equal and Total Disclosure Act - Amends the Federal Election Campaign Act of 1971 to include all persons, committees, and organizations within such Act's coverage. Provides penalties for using information disclosed under such Act to threaten or harass another person.

Resolution· SRESS.Res. 304 (97th)reported

An original resolution authorizing expenditures by the Committee on Armed Services.

United States · United States Congress · 29 January 1982

Authorizes expenditures for investigations and studies by the Senate Committee on Armed Services from March 1, 1982, through February 28, 1983, including: (1) employment of personnel; (2) utilization of Federal agency personnel on a reimbursable basis; and (3) procurement of consultant services.

Bill· SS. 2000 (97th)open

Bankruptcy Improvements Act of 1982

United States · United States Congress · 16 December 1981

Bankruptcy Improvements Act of 1981 - Amends title 11 (Bankruptcy) of the United States Code to establish an eligibility test for liquidation bankruptcy relief based on the individual petitioner's inability to pay a reasonable portion of his debts out of future income. Permits the court to dismiss a bankruptcy case upon the motion of any party in interest filed prior to the conclusion of the meeting of creditors, and after notice and a hearing, if the debtor is ineligible for relief under such title because he is able to pay a reasonable portion of his debts out of future income. Requires the bankruptcy judge to preside at any meeting of creditors and to perform such additional judicial duties as may be required. Declares that the value of the creditor's interest in the estate's interest in consumer goods property shall be determined in light of the purpose of the valuation and of the proposed disposition or use of such property, and in conjunction with any hearing on such disposition or use or on a plan affecting such creditor's interest. Declares that the value of consumer goods which the debtor seeks to redeem in liquidation shall be presumed to be the established resale market price, if such market exists. Requires the debtor in bankruptcy cases to file a statement of estimated income and expenses for the year following filing of his petition. Requires the debtor, if the debtor's schedule of assets and liabilities includes consumer debts which are secured by property of the estate, to file and serve upon each creditor holding such security and the trustee, a statement expressing the debtor's intention with respect to retention or surrender of the collateral. Requires the debtor, at or before the meeting of creditors provided for by such title, to perform his intention with regard to such secured creditors. Repeals the provisions concerning exempt property and makes the States responsible for establishing exemptions to bankruptcy proceedings. Presumes nondischargeable any debt which was incurred on or within 45 days before the date of the filing of a petition under such title nondischargeable. Allows for rebuttal of such presumption. Allows creditors to enforce liens which have not been voided in bankruptcy. Permits reaffirmation of consumer debts subject to the debtor's right to rescind any such agreement within 60 days or until a discharge is received, whichever occurs later, by giving a written notice of rescission to the creditor. Declares that at the meeting of creditors the court shall inform the debtor of the nature and effect of a discharge and of any reaffirmation of debt. Limits the trustee's power to avoid liens or recover payments made within 90 days of the filing of the petition in bankruptcy (within one year in the case of an insider) unless the creditor had reasonable cause to believe the debtor was insolvent. Permits the court, upon notice and hearing, to require a creditor to accept payments in redemption of the value of a claim secured by a nonpossessory, nonpurchase money security interest in tangible personal property, over a reasonable period not to exceed five years, if such tangible personal property consists of specified objects. Allows a creditor, upon 10 days notice to the debtor and codebtor, to collect any portion of a debt from the codebtor which is not being paid by the debtor through the adjustment of debts of such debtor with a regular income. Requires payments under an adjustment of debts payment plan to commence within thirty days after the filing of the plan. Provides for the return of such funds after deducting the costs of administration if no plan is confirmed. Provides for the separate classification of co-debtor claims and non-dischargeable claims and authorizes payment of them under an adjustment of debts payment plan. Allows a debtor to choose such a repayment plan of up to five years. Bases such repayment upon the debtor's ability to repay out of future income after taking into account the basic living necessities for the debtor and dependents. Provides for an early discharge of debts where a reasonable portion of unsecured claims are paid. Permits a hardship discharge of otherwise non-dischargeable debts to the extent the debtor attempted to pay such debts under an adjustment of debts payment plan, but was prevented from so doing by unforeseen cirucmstances.

Resolution· SCONRESS.Con.Res. 52 (97th)referred

A concurrent resolution expressing the sense of the Congress that members of the National Guard of the United States and the Reserve forces of the Armed Forces of the United States deserve public recognition for their vital contribution to our national defense and that members of these forces need the support and cooperation of their civilian employers in order to train and remain ready to respond to national emergencies.

United States · United States Congress · 8 December 1981

Expresses the sense of Congress that members of the National Guard and Reserve should be granted time off from their jobs for military training, exclusive of earned vacation, and given equal consideration for job benefits and promotions as other employees.

Bill· SS. 1814 (97th)open

Uniformed Services Former Spouses Protection Act

United States · United States Congress · 4 November 1981

Requires the Secretary of the military department concerned to pay from the military pension of a member or former member of a uniformed service to a spouse or former spouse the amount specified in a court's final decree of divorce, dissolution, annulment, or legal separation. Limits the total amount of pension subject to court order to 50 percent. States that orders for payments to more than one spouse shall be satisfied on a first-come-first-served basis. Empowers the Secretary to determine which court order shall be honored in the event of conflicting orders regarding one spouse. Entitles specified former spouses to coverage under the Civilian Health and Medical Program of the Uniformed Services (CHAMPUS) for 90 days after the decree or longer if such spouse is being treated for a pre-existing medical condition. Entitles members or former members with a former spouse to participate in the Survivor Benefit Plan. Amends the Social Security Act to exclude payments from a military pension made to a former spouse from specified child support and alimony enforcement proceedings.

Bill· SS. 1805 (97th)open

Federal Home Loan Mortgage Corporation Charter Act

United States · United States Congress · 4 November 1981

Federal Home Loan Mortgage Corporation Charter Act - Establishes the Federal Home Loan Mortgage Corporation under the direction of a Board of Directors. Declares that the Corporation shall have common stock, without par value, which shall be vested with all voting rights, each share being entitled to one vote at all elections of directors. Authorizes the Corporation to issue nonvoting common stock, with or without par value as shall be determined by the Board from time to time. Permits the Corporation to prohibit any person or organization from acquiring or voting the beneficial ownership of more than 25 percent of the shares of voting common stock. Permits the Corporation to have one or more classes of preferred stock. Entitles each class of preferred stock to annual dividends fixed by the Corporation at the time of issuance or sale of such class of preferred stock. Authorizes the Corporation to purchase, make commitments to purchase, lend on the security of, or otherwise deal in eligible mortgages. Prohibits the purchase of a conventional mortgage if the outstanding principal balance of the mortgage at the time of purchase exceeds 80 percent of the value of the property securing the mortgage except in specified circumstances. Authorizes the Corporation to borrow, to give security, to pay interest on other returns, and to issue notes, debentures, bonds, or other obligations, or other securities. Authorizes Federal home loan banks to provide financing to the Corporation during calendar year 1982 in the form of a passthrough of the proceeds of consolidated obligations shown by such banks. Authorizes the Federal Home Loan Bank Board to provide for the purchase by the Federal home loan banks of any obligations issued by the Corporation. Authorizes the Corporation to guarantee the timely payment of principal or interest on securities issued by any eligible seller which are based on or backed by a trust or pool of mortgages eligible for purchase by the Corporation. Empowers the Corporation, in connection with any guaranty under this Act, to provide for the extinguishment, upon default by the issuer, of any redemption, equitable, legal, or other right, title, or interest of the issuer in any mortgage or mortgages constituting the trust or pool against which the guaranteed securities are issued. Declares that all rights and remedies of the Corporation shall be immune from impairment, limitation, or restriction. Exempts the Corporation from all taxation, except real property, until such time as the Corporation shall pay a dividend with respect to shares of common stock. Exempts the Corporation from the provisions or requirements of the Securities Exchange Commission. Declares that the powers and functions of the Corporation and the Board of Directors shall be exercisable without regard to any other laws, except as otherwise provided in this Act, or as otherwise provided by the Corporation or by laws enacted by Congress.

Bill· SS. 1701 (97th)open

Missing Children Act

United States · United States Congress · 5 October 1981

Missing Children Act - Authorizes the Attorney General to collect and exchange information which would assist in the identification of unidentified deceased individuals, and the location of missing persons, including missing children.

Resolution· SRESS.Res. 201 (97th)passed

A resolution relating to the Food Emergency in Poland.

United States · United States Congress · 31 July 1981

Expresses the sense of the Senate that: (1) private relief agencies embarking on a program of emergency foodstuffs for Poland are to be commended and Americans encouraged to support this effort; (2) the Senate supports the President's efforts to respond to the Polish food emergency and urges a continuation of this stance; and (3) European governments and peoples are urged to assist in relieving the Polish food emergency.

Bill· SS. 1375 (97th)open

Telephone Record Privacy Act of 1981

United States · United States Congress · 16 June 1981

Telephone Record Privacy Act of 1981 - Prohibits a communication common carrier from disclosing information contained in the toll records of any customer to any Government authority except in accordance with procedures established under this Act. Requires the Government authority to certify compliance in writing to such common carrier. Sets forth procedures for disclosure of toll records to a Government authority pursuant to administrative summons or subpoena, search warrant, judicial subpoena, or formal written request. Permits disclosure of toll records pursuant to administrative summons or subpoena, judicial subpoena, and formal written request only if there is reason to believe that the records sought are relevant to a legitimate law enforcement inquiry and notice is served upon the customer. Authorizes disclosure by search warrant obtained pursuant to the Federal Rules of Criminal Procedure. Requires a copy of the warrant and a special notice to be mailed to the customer not later than 90 days after the Government authority serves the warrant. Permits the delay of notification under certain circumstances. Authorizes a customer to file a motion to quash an administrative summons or judicial subpoena or to enjoin a formal written request in the court issuing the subpoena or an appropriate Federal district court. Makes the challenge provisions of this Act the sole remedy for opposing disclosure. Prohibits the transfer of toll records to another agency without certification that the records are relevant to a legitimate law enforcement inquiry within the jurisdiction of the receiving agency. Makes this Act inapplicable to disclosure of toll records pursuant to requests from a Government agency authorized to conduct foreign intelligence activities or the Secret Service in performing its protective functions. Permits a Government authority to obtain toll records upon a determination that delay would create imminent danger of physical injury to any person, serious property damage, or flight to avoid prosecution. Makes a Government agency or communications carrier which violates this Act liable to a customer for actual and punitive damages, legal costs, and $100 without regard to the volume of records involved. Requires the Director of the Administrative Office of the United States Courts to report annually to Congress on the number of delays of notice and customer challenges made under this Act. Makes this Act inapplicable to the Securities and Exchange Commission for two years following enactment.

Bill· SS. 1367 (97th)referred

Military Recruiting Information Act of 1981

United States · United States Congress · 15 June 1981

Military Recruiting Information Act of 1981 - Authorizes the Secretary of Defense to collect and compile directory information on each 17 year old or 11th grade student in the United States for military recruiting and related national security purposes. Limits to three years the time such information may be retained. Requires such information to be kept confidential. Requests each State and local government to make available to the Secretary on request any criminal history information on any person who has applied for enlistment or participation in the armed forces.

Resolution· SRESS.Res. 150 (97th)referred

A resolution to oppose efforts by the United Nations Educational, Scientific, and Cultural Organization to attempt to regulate news content and to formulate rules and regulations for the operation of the world press.

United States · United States Congress · 9 June 1981

Expresses the opposition of the Senate to the attempt by the United Nations Educational, Scientific, and Cultural Organization to regulate news content and the operation of the world press.

Bill· SS. 1310 (97th)open

Urban Jobs and Enterprise Zone Act of 1981

United States · United States Congress · 3 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 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: (1) the Foreign-Trade Zone Board should expedite the application process; (2) the Board, in evaluating such application, should consider future development to be expected as a result of the incentives provided by this Act; and (3) 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 dates 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.

Bill· SS. 1249 (97th)open

Debt Collection Act of 1981

United States · United States Congress · 21 May 1981

Debt Collection Act of 1981 - Amends the Privacy Act of 1974 to permit a Federal agency to disclose individual records to a consumer reporting agency. Authorizes a Federal agency attempting to collect a claim under the Federal Claims Collection Act of 1966 to notify a consumer reporting agency that a person is responsible for a claim if: (1) the agency has sent a written notice informing the person that a consumer reporting agency will be contacted, describing the information to be disclosed, and explaining the person's right to dispute the agency's claim; (2) the person has not agreed to repay the claim or filed for review of the claim; (3) the agency, upon request, has reviewed the claim; and (4) the agency has obtained assurances that the consumer reporting agency complies with Federal laws governing the provision of consumer credit information. Requires the agency to notify the consumer reporting agency promptly concerning any change in the status or amount of the claim. Directs Federal agencies to require any individual applying for credit or financial assistance, which may result in indebtedness to the Government, to furnish his or her social security numbers. Authorizes an agency (including the United States Postal Service) to deduct installment payments from the pay of an employee or member of the Armed Forces or Armed Forces Reserve to offset any debts owed the Government. Limits the amount deducted to 25 percent of the individual's disposable pay. Makes murder or manslaughter of a Federal debt collector a Federal offense. Amends the Internal Revenue Code to authorize the Secretary of the Treasury to disclose to a Federal agency: (1) information concerning the tax liability of a Federal loan applicant; and (2) the mailing address of a taxpayer for use by employees or agents of the agency in collecting or compromising a Federal claim. Increases the rate of interest on delinquent taxes to 100 percent (currently 90 percent) of the prime rate quoted by commercial banks to large businesses. Permits the annual (currently biennial) adjustment of such interest rate. Allows the Government to collect claims by administrative offset beyond the six year statute of limitations on actions brought by the Government for money damages. Directs each agency to charge a minimum annual rate of interest on outstanding debts and to assess a penalty charge and handling costs on delinquent claims, except where another statute, statutorily mandated regulation, loan agreement, or contract either prohibits or explicitly fixes interest or penalty charges. Declares that service of legal process brought for the collection of U.S. claims shall be accomplished in accordance with the Federal Rules of Civil Procedure or as directed by the court. Requires the Director of the Office of Management and Budget to: (1) direct each agency with outstanding debts to submit to the Director and the Department of the Treasury an annual report on the status of the agency's loans and accounts receivable; and (2) report to Congress annually on the management of agency debt collection activities.

Law· SS. 1230 (97th)enacted

Olympic Commemorative Coin Act

United States · United States Congress · 20 May 1981

Olympic Coin Act of 1981 - Declares the purposes of this Act to be: (1) to provide for the minting of coins to commemorate the 1984 Los Angeles Olympic Games; and (2) to help finance those games without the use of tax revenues. Directs the Secretary of the Treasury to mint: (1) not more than 30,000,000 copper-nickel clad coins with a face value of one dollar; (2) not more than 22,400,000 silver coins with a face value of ten dollars; (3) not more than 2,400,000 gold coins with a face value of fifty dollars; and (4) not more than 1,600,000 gold coins with a face value of one hundred dollars. Specifies the size and weight of such coins. Specifies that the designs of such coins shall be determined by the Secretary in consultation with the Los Angeles Olympic Organizing Committee. Sets certain minting specifications for such coins. Authorizes the Secretary to enter into an agreement with the Los Angeles Olympic Organizing Committee which shall provide for the implementation of the purposes of this Act. Directs the Secretary to furnish such coins to the Los Angeles Olympic Organizing Committee at a price agreed to pursuant to such implementation agreement. Provides that all coins minted shall be delivered to the Los Angeles Olympic Organizing Committee for distribution and sale to the public in accordance with the terms of the implementation agreement. Sets the delivery date for each series of coins. Provides that all proceeds received by the Los Angeles Olympic Organizing Committee from the commercial sale of such coins shall be used for the purpose of staging and promoting the 1984 Los Angeles Olympic Games and assisting the U.S. Olympic Committee and amateur athletics. Provides that all coins authorized by this Act shall be legal tender. Directs that no coins shall be minted pursuant to this Act after December 31, 1984.

Bill· SS. 1245 (97th)referred

Public Land Reform Act of 1981

United States · United States Congress · 20 May 1981

Public Land Reform Act of 1981 - Title I: Short Title; Findings and Declaration of Policy; Definitions - Declares that the Federal Government retains ownership of substantial territory considered unreserved unappropriated public lands in States wholly west of the one-hundredth meridian. Provides that it is the policy of this Act to place all such lands, presently held in trust for the States in which they are situated, in State ownership. Excludes from the definition of unreserved unappropriated public lands the following: (1) lands within the boundaries of national parks, national monuments, and national wildlife and migratory bird sanctuaries established prior to May 1, 1981; (2) designated units of the National Wilderness Preservation System; (3) lands within boundaries of military and Indian reservations; (4) lands essential to the operation, maintenance, and access to the U.S. Water and Power Resources Services projects, and designated highways; (5) lands necessary to the operation, maintenance, and access to shipyards, docks, security and defense establishments, magazines, arsenals, and Federal buildings; and (6) lands selected under the Alaska Native Claims Settlement Act and other applicable law. Title II: Federal Land Transfer Board - Authorizes the Governor of any State seeking to acquire such unreserved and unappropriated lands to petition the President within ten years of the enactment of this Act to establish a Federal Land Transfer Board for such State. Directs the President to establish such a Board consisting of State and Federal members within 90 days of the receipt of such an application. States that the Board shall serve until all conveyances of such lands within the State are carried out. Requires each Federal Land Transfer Board to coordinate its activities with the State land management agency established pursuant to this Act. Directs each Board to carry out the required land transfers within two years of its determination that a State's application meets the requirements of this Act. Empowers the Land Transfer Boards to resolve land claims and disputes arising from the implementation of this Act. Grants any State aggrieved by a decision of a Land Transfer Board on its application the right to a public hearing and review before the Board. Empowers the United States courts of appeals to hear appeals from final orders of the Boards. States that judicial review shall be on the record made before the Board and that the Board's findings shall be conclusive if supported by substantial evidence. Prohibits members of the Board from directly or indirectly receiving compensation as a result of any land transfer carried out pursuant to this Act. Title III: State Land Management Agencies - Requires each State seeking the conveyance of unreserved and unappropriated land under this Act to establish a State land management agency to: (1) hold any transferred lands in trust for all people of the United States; (2) protect the interests of persons who have acquired rights in such land under Federal law; (3) provide for an ongoing inventory and study of public lands within the State with a view toward determining the best methods of management and utilization; (4) provide for the continued annual payments to units of local government in which entitlement lands are situated; (5) transfer to the United States those property interests necessary to continue lawful Federal activities; and (6) continue to administer lands previously administered by the United States pursuant to a treaty or interstate compact in conformance with the terms of such treaty or compact. Title IV: Conveyance From State Ownership - Prohibits any State from conveying lands conveyed to it by the Federal Land Transfer Board unless such land is difficult and uneconomic to manage, or no longer necessary for the purpose for which it was acquired, or its disposal will serve important public objectives. Title V: Miscellaneous - Declares that the United States shall retain control over the oceans, seas, navigable rivers, streams, lakes, and projects of the Corps of Engineers and Water and Power Resources Service. Directs the President to modify agreements with other nations if necessary to implement this Act. Grants the consent of Congress to any interstate compact relating to the management and use of such lands if it has been approved by the appropriate Federal Land Transfer Board. Grants the consent of Congress to any amendments to the Enabling Act of a State receiving a conveyance of land which may be necessary to revoke any disclaimer to title of public lands not granted by the United States to the State. Requires the Secretary of the Interior to report to the Congress, within 18 months of enactment of this Act, on the results of a study of the relative costs and benefits of Federal and State land management activities. Authorizes sums as may be necessary to carry out the provisions of this Act.