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Bill· HRH.R. 5515 (93rd)referred
United States · United States Congress · 13 March 1973
Provides that under the Internal Revenue Code of 1954 amounts paid to related individuals shall be allowable as a deduction under the provision permitting a deduction for dependent care services necessary for gainful employment. (Amends 26 U.S.C. sec. 214 (e) (4))
Bill· HRH.R. 5503 (93rd)referred
United States · United States Congress · 13 March 1973
Raises the limitation on used property taken into account for purposes of the investment credit from $50,000 to $150,000. (Amends 26 U.S.C. sec 48 (c)(2))
Bill· HRH.R. 5491 (93rd)referred
United States · United States Congress · 13 March 1973
Provides that in the case of a charitable contribution of inventory, by a corporation or by an association taxable as a corporation, to an organization operated exclusively for religious, charitable, scientific, testing for public safety, literary, or educational purposes, and exempt from taxation, the income tax deduction under the Internal Revenue Code for such contribution shall be reduced by only half the reduction required as the amount of gain which would not have been long-term capital gain if the property contributed had been sold by the taxpayer at its fair market value. (Amends 26 U.S.C. 170(e))
Bill· HRH.R. 5528 (93rd)referred
United States · United States Congress · 13 March 1973
Broadens the definition of "head of household" under the Internal Revenue Code to include the maintaining by the taxpayer of a household which constitutes the principal place of abode of the taxpayer's father, mother, son, stepson, daughter, or stepdaughter. (Amends 26 U.S.C. 2 (b) (1) (B))
Bill· HRH.R. 5520 (93rd)referred
United States · United States Congress · 13 March 1973
Provides a credit against the individual income tax for tuition paid for any private non-profit elementary or secondary education of any dependents to whom the taxpayer is allowed an exemption for the taxable year. Provides the amount allowable as a tax credit under this Act shall not exceed $200 for any one dependent and that the aggregate amount allowable shall be reduced by an amount equal to $1 for each $120 of adjusted gross income of the taxpayer if his income exceeds $18,000 for the taxable year.
Bill· HRH.R. 5488 (93rd)referred
United States · United States Congress · 13 March 1973
Fiscal and Budgetary Reform Act - Title I: Congressional Office of Budget Analysis and Program Evaluation - Establishes for the Congress an Office of Budget Analysis and Program Evaluation which shall be subject to supervision and control by the Joint Economic Committee. Provides for the structure and organization of such Office. States that prior to the submission of the Budget of the United States Government for each fiscal year, the Joint Committee staff, including the Office shall make a through study of the nation's economic conditions and that based upon that study the Executive Director of the Joint Committee shall two days prior to receipt of the United States Budget make a report to the Joint Committee with an estimate of Federal revenues and outlays. Provides that upon receipt of this study and the United States Budget the Joint Committee will hold hearings and report to all committees of the Senate and House of Representatives the appropriate Federal fiscal policy. Provides that upon receipt of the Joint Committee report the respective Committees on Appropriation shall report a bill establishing the total outlays for the fiscal year. Provides for the Office of Budget Analysis and Program Evaluation to provide sundry fiscal information to the committees and members of Congress. Title II: Departmental Budget Process - Provides that in the departmental formulation of the budget there shall be participation by State and local officials. Requires open hearings and opportunity for elected officials to appear before budget examiners and departmental secretaries in the preparation of the budget. Title III: Investigation by Comptroller General of Impoundment Funds - Requires the Comptroller General to investigate impoundment to verify the information provided by the executive branch and to assess the validity of the reasons given for the impoundment. Title IV: Legislative Oversight and Veto of Impoundment of Funds - Prohibits the Presidents from impounding funds when such impoundment would impair a congressionally approved program. States that no program would be permitted to be terminated by the impoundment of funds. Requires the Comptroller General to report to Congress as to whether or not the impoundment has impaired or terminated a program. Provides that if such a finding is made Congress must within 30 days approve such impoundment or the impoundment is disallowed and the funds must be spent. Title V: Three-Year Limitation on Authorizations for Appropriations; Congressional Review of Major Expenditure Programs - Provides for a 3 year limitation on authorizations. Provides for congressional review of expenditure programs in the last fiscal year for which appropriations are authorized for such program. Title VI: Information to Taxpayers on Spending of Income Taxes Paid by Them - Requires the Internal Revenue Service to furnish to all taxpayers a statement setting forth the proportional dollar amount of that individual's income taxes which were spent by the Federal Government for each of the specified subject areas.
Bill· HRH.R. 5464 (93rd)passed
United States · United States Congress · 12 March 1973
Authorizes appropriations of $2,527,000 for the saline water program for fiscal year 1974.
Law· SS. 1125 (93rd)open
United States · United States Congress · 8 March 1973
Comprehensive Alcohol Abuse and Alcoholism Prevention, Treatment, and Rehabilitation Act Amendments - Title I: Coordination, and Personnel - Provides that the Secretary of Health, Education, and Welfare, acting through the National Institute on Alcohol Abuse and Alcoholism, shall coordinate efforts, in carrying out the purposes of all other Federal health, welfare, rehabilitation, highway safety, law enforcement and economic opportunity legislation, to deal with alcohol abuse and alcoholism. Provides that the Director of the Institute may employ and prescribe the functions of such officers and employees, including attorneys, as are necessary to administer the programs and authorities under the Act. Title II: Federal Assistance for State and Local Programs - Authorizes further appro- priations for grants to States under the Act of $100,000,000 for fiscal year 1974, $100,000,000 for fiscal year 1975, and $100,000,000 for fiscal year 1976. Provides that State plans for assistance under the Act must set forth standards for construction and licensing of public and private treatment facilities, as well as standards for other community services or resources available to assist individuals to meet problems resulting from alcohol abuse. Provides that the Secretary acting through the Institute is authorized to make grants to the states for the implementation of the Uniform Alcoholism and Intoxication Treatment Act. Transfers all authorities pertaining to alcohol abuse and alcoholism under the Community Mental Health Centers Act to the authority authorized under the Comprehensive Alcohol Abuse and Alcoholism Prevention, Treatment, and Rehabilitation Act. Provides that grants under the Community Mental Health Centers Act for the construction of facilities for the prevention and treatment of alcoholism shall be approved in accordance with plans setting forth: (1) a description of the site of the project; (2) plans and specifications therefor in accordance with the regulations prescribed by the Secretary for general standards of construction and equipment for facilities of different classes and different types of locations; and (3) reasonable assurance that all laborers and mechanics employed by contractors or subcontractors of the project will be paid wages at rates not less than those prevailing on similar construction in the locality as determined by the Secretary of Labor in accordance with the Davis-Bacon Act. Removes the requirement under the Act that grants for specialized facilities may be made only to facilities which are a part of or affiliated with a Community Mental Health Center providing at least those essential elements of comprehensive community mental health services which are prescribed by the Secretary. Authorizes to be appropriated to carry out part B of the Comprehensive Alcohol Abuse and Alcoholism Prevention, Treatment, and Rehabilitation Act, $100,000,000 for fiscal year 1974, 120,000,000 for fiscal year 1975, and 120,000,000 for fiscal year 1976. Authorizes to be appropriated for fiscal year 1974, and each of the next nine fiscal years such sums as may be necessary to continue to make grants for staffing with respect to sections under such part for which a staffing grant was made from appropriations under the above for any fiscal year ending before July 1, 1976. Removes the compulsory suspension of Federal financial assistance, under the Act, to private and public hospitals for refusing to admit or treat alcoholics.
Bill· SS. 1129 (93rd)referred
United States · United States Congress · 8 March 1973
Increases the credit against tax for retirement income under the Internal Revenue Code and coordinates it with the maximum social security retirement benefits. Provides that this Act is to become effective for taxable years beginning after December 31, 1972. (Amends 26 U.S.C. 37)
Bill· SS. 1135 (93rd)referred
United States · United States Congress · 8 March 1973
Reduces the excise tax based on investment income of private foundations from 4 percent to 1 percent under the Internal Revenue code.
Bill· HRH.R. 5449 (93rd)referred
United States · United States Congress · 8 March 1973
Authorizes the following fiscal year 1974 appropriations for maritime programs of the Department of Commerce: (1) $275,000,000 for acquisition, construction, or reconstruction of vessels; (2) $221,515,000 for payment of obligations incurred for ship operation subsidies; (3) $20,000,000 for research and development; (4) $3,773,000 for reserve fleet expenses; (5) $8,600,000 for maritime training at the Merchant Marine Academy; and (6) $2,427,000 for financial assistance to State marine schools. Authorizes additional supplemental amounts for employee benefits such as increases in salary and retirement pay.
Bill· HRH.R. 5418 (93rd)referred
United States · United States Congress · 8 March 1973
Provides, under the Internal Revenue Code, that specified recapture provisions shall not apply in the case of the liquidation of corporations wholly owned by a municipal corporation. (Adds 26 U.S.C. 1245(b)(7))
Bill· HRH.R. 5411 (93rd)referred
United States · United States Congress · 8 March 1973
Tax Deduction for Volunteer Services Act - Title I - Short Title and Definitions - Permits a tax deduction by an individual on Federal income tax returns for time contributed in non-salaried volunteer social or charitable work in direct assistance to the aged, infirm, economically disadvantaged, or minor children. Title II - Method of Administration and Determination - Provides that the monetary value may not exceed the prevailing specified Federal minimum wage multiplied by the number of hours of volunteer work certifiably performed.
Bill· HRH.R. 5400 (93rd)referred
United States · United States Congress · 8 March 1973
Provides that qualified export assets of a corporation shall include, for taxation purposes, accounts receivable which arise by reason of transactions of such corporation, or of another corporation which is a member of a controlled group which includes such corporation. (Amends 26 U.S.C. 993(b)(3))
Bill· HRH.R. 5396 (93rd)referred
United States · United States Congress · 8 March 1973
Excludes as United States property, for purposes of taxation of investments of controlled foreign corporations under the Internal Revenue Code, any obligation of a U.S. person acquired by a foreign corporation which in engaged in the banking or financing business if such U.S. person is not an individual, corporation, or trust which controls the corporation, and if such obligation is acquired as a result of a direct loan. (Amends 26 U.S.C. 956(b))
Bill· HRH.R. 5330 (93rd)referred
United States · United States Congress · 7 March 1973
Provides that the place of residence of a State legislator within his State legislative district shall be considered his home for purposes of the Internal Revenue Code, but amounts expended for living expenses shall not be deductible for income tax purposes in excess of $3,000. (Amends 26 U.S.C. 162(a)
Bill· HRH.R. 5335 (93rd)referred
United States · United States Congress · 7 March 1973
Provides an additional income tax exemption for a taxpayer supporting a dependent who is mentally retarded. Defines the term "mentally retarded" as used in this Act. (Adds 26 U.S.C. 151(f))
Bill· HRH.R. 5331 (93rd)referred
United States · United States Congress · 7 March 1973
Imposes a specified minimum tax under the Internal Revenue Code, in addition to other taxes, on individuals and on corporations whose income equals or exceeds $10,000. (Amends 26 U.S.C. 56)
Bill· HRH.R. 5319 (93rd)referred
United States · United States Congress · 7 March 1973
Establishes the Advisory Commission on Federal Tax Forms to advise and assist the Commissioner of the Internal Revenue Service in making Federal tax forms and materials easier for the average American taxpayer to understand and use, including the contents, terminology, design, and composition of all IRS materials. Specifies that the Commissioner shall not print or distribute any Federal income tax form, schedule, declaration, or other document after January 1, 1974, unless that material has been approved by majority vote of the Commission as being consistent with the intent of this Act.
Bill· HRH.R. 5311 (93rd)referred
United States · United States Congress · 7 March 1973
Provides, under the Internal Revenue Code, a depreciation deduction with respect to any certified byproduct or waste energy conversion facility. Provides that any capital improvements made after such property is placed in service shall be treated as separate property.
Bill· HRH.R. 5303 (93rd)referred
United States · United States Congress · 7 March 1973
Establishes procedures for determining an overall limit on appropriations for a fiscal year. Requires the President to notify within ten days each House of the Congress by special message of every instance in which he impounds funds or authorizes such impoundment by any officer of the United States. States that such message must specify the amount of impounded funds, the specific programs affected, and the reasons for the impoundment of funds. Provides that the President shall cease the impounding of funds set forth in each special message within sixty days of continuous session after the message is received by the Congress unless the specific impoundment shall have been ratified by the Congress by the passage of a resolution in States that four years after the enactment of this Act the fiscal year shall coincide with the calender year.
Bill· HRH.R. 5292 (93rd)referred
United States · United States Congress · 7 March 1973
Requires that general revenue-sharing payments to local governments may be used only to reduce school taxes.
Bill· SS. 1109 (93rd)referred
United States · United States Congress · 6 March 1973
Provides that the designation of payments to the Presidential Election Campaign Fund be made on the front page of the taxpayer's income tax return form. (Amend 26 U.S.C. 6096 (c) )
Bill· SS. 1105 (93rd)referred
United States · United States Congress · 6 March 1973
Provides income tax incentives by permitting expenditures for the modification of specified buildings which remove architectural and transportational barriers to the handicapped and elderly to be considered expenses under the Internal Revenue Code. (Adds 26 U.S.C. 189)
Bill· SS. 1108 (93rd)referred
United States · United States Congress · 6 March 1973
Farm Property Estate Tax Valuation Act - Provides that the value of real property used in farming by the decedent, included in the gross estate for estate tax purposes under the Internal Revenue Code of 1954, shall be the value of such property for farming purposes, if the executor agrees to the provisions of this Act.
Bill· SS. 1087 (93rd)referred
United States · United States Congress · 6 March 1973
Exempts from income tax the interest on bonds issued to pay the costs of facilities for furnishing water, whether or not to the general public. Exempts the interest on bond issues totaling less than $5,000,000. Provides that in determining the $5,000,000 total, capital expenditures of $500,000 will not be included. (Amends 26 U.S.C. 103)
Resolution· SCONRESS.Con.Res. 14 (93rd)referred
United States · United States Congress · 6 March 1973
Makes it the sense of Congress that: (1) equally rigorous economies shall be applied by Congressional review to military, foreign assistance, space programs, and unwarranted tax preferences; (2) Congress shall set as a target for action by the relevant committees with respect to the proposed Federal Budget for fiscal 1974: (a) the realization of savings of $5,000,000,000 to $7,000,000,000 billion by paring unneeded weapons procurement, weapons research and weapons development, by reducing excessive forces in the military, and by economizing in foreign assistance and space programs, and (b) the elimination of unwarranted tax preferences in the Internal Revenue Code, to produce additional revenues of $5,000,000,000 to $7,000,000,000 billion; and (3) these budgetary resources, all within a fiscally responsible and non-inflationary budget ceiling as developed by the Congress, shall be redirected to promote full employment, quality education and health care for citizens, environmental protection safe and improved living conditions in urban and rural areas, and equal opportunities for all Americans, with particular but not exclusive emphasis given to providing for health care and national insurance coverage of health care costs for all Americans, expanded public service job opportunities, improvements in public assistance and social services programs, increased Federal assistance for housing, education, and the rehabilitation of urban areas, adequate law enforcement, the promotion of rural economic development, and new programs designed to improve the living conditions of American working families.
Bill· HRH.R. 5261 (93rd)referred
United States · United States Congress · 6 March 1973
Provides that amounts paid by a cemetery perpetual trust fund created pursuant to local law by a taxable cementery corporation, for the care and maintenance of cemetery property, shall be considered distributions for tax deduction purposes of the Internal Revenue Code.
Bill· HRH.R. 5246 (93rd)referred
United States · United States Congress · 6 March 1973
Allows a credit against Federal income tax under the Internal Revenue Code for State and local real property taxes, or an equivalent portion of rent, paid on principal residences by individuals who have attained age 62. Limits the total amount allowable as a credit to $450. Provides for specified limits where (1) adjusted gross income is over $7,500; (2) there is joint ownership of property; and (3) there is a joint rental of property. Prescribes special rules when (1) the property is used in part as a principal residence; (2) the individual is a tenant-stockholder in a cooperative housing corporation; and (3) there is a sale or purchase of a principal residence.
Bill· HRH.R. 5219 (93rd)referred
United States · United States Congress · 6 March 1973
Provides, under the Internal Revenue Code, that gross income does not include any amount received as a pension, annuity, or similar benefit to the extent that such pension, annuity, or benefit is based on service which was performed as a full-time policeman or other law enforcement officer, or as a full-time fireman, in the employ of a Federal, State or local government or governmental entity. (Amends 26 U.S.C. 123)
Bill· HRH.R. 5216 (93rd)referred
United States · United States Congress · 6 March 1973
Allows a tax credit under the Internal Revenue Code to an individual for tuition paid by him to any private nonprofit elementary or secondary school during the taxable year for the elementary or secondary education of any dependent. Provides that the amount allowable for the taxable year with respect to any dependent shall not exceed the lesser of: (1) 50 percent of the tuition paid by the taxpayer during the taxable year for the elementary or secondary education of such dependent, or (2) $400. Reduces the aggregate amount which would be allowable by an amount equal to $1 for each full $20 contained in the amount by which the adjusted gross income of the taxpayer (or, if the taxpayer is married, the adjusted gross income of the taxpayer and his spouse) for the taxable year exceeds $25,000.
Bill· HRH.R. 5208 (93rd)referred
United States · United States Congress · 6 March 1973
Provides that in the case of any disaster loss resulting from the floods occurring on February 26, 1972, no taxpayer who elected to deduct the amount of such loss from his income taxes for the taxable years immediately preceding the taxable year in which such loss occurred, and who received compensation for such loss after filing claim for credit or refund for such preceding taxable years, shall be required (1) to include the amount of such compensation in gross income for purposes of computing his income tax for the taxable year in which such disaster occurred, or (2) to recompute the amount of income tax due for such preceding taxable year.
Bill· HRH.R. 5177 (93rd)referred
United States · United States Congress · 5 March 1973
Provides that the Consumer Price Index prepared by the Bureau of Labor Statistics shall give appropriate weight to Federal, State, and local taxes.
Bill· HRH.R. 5186 (93rd)referred
United States · United States Congress · 5 March 1973
Provides an itemized deduction under the Internal Revenue Code for individuals who rent their principal residences in an amount equal to 25 percent of the aggregate amount paid. (Adds 26 U.S.C. 219)
Bill· HRH.R. 5150 (93rd)referred
United States · United States Congress · 5 March 1973
Provides, under the State and Local Fiscal Assistance Act of 1972, that in the case of entitlement periods beginning after June 30, 1973 for programs under such Act, one-third of the funds which would go to the State governments shall be returned to the general fund of the Treasury.
Bill· HJRESH.J.Res. 402 (93rd)referred
United States · United States Congress · 5 March 1973
Constitutional Amendment - Provides that no money shall be drawn from the Treasury, but in consequence of appropriations made by law, and any sum appropriated to satisfy the annual need of the Federal Government shall not exceed a computed sum equal to the aggregate of the average of the total appropriations for the three consecutive fiscal years immediately preceding the current fiscal year plus the multiple product of the annual per centum rate of interest paid by the Federal Government, unless Congress shall first declare a national emergency in justification of any appropriation in addition thereto; and a regular statement and account of the receipts and expenditures of all public money shall be published from time to time.
Resolution· HCONRESH.Con.Res. 142 (93rd)referred
United States · United States Congress · 5 March 1973
Makes it the sense of the Congress that the President should: (1) continue in operation the Office of Economic Opportunity administering and supervising the important programs and activities entrusted to that Office under the provisions of the Economic Opportunity Act of 1964, utilizing fully funds appropriated by the Congress for such purposes; and (2) submit a revised budget request for the fiscal year ending June 30, 1974, requesting appropriations for the Office of Economic Opportunity and its administration of programs and activities entrusted to it under and in accordance with the provisions of the Economic Opportunity Act of 1964.
Bill· HRH.R. 5090 (93rd)referred
United States · United States Congress · 1 March 1973
Provides that, notwithstanding any other provision of law or any other regulation, no State shall receive a lesser allocation of water pollution control funds in fiscal year 1973 or fiscal year 1974 than it received in fiscal year 1972.
Bill· HRH.R. 5078 (93rd)referred
United States · United States Congress · 1 March 1973
Authorizes such appropriations as necessary for the Indian Claims Commission for fiscal years 1974-77.
Bill· HRH.R. 5095 (93rd)referred
United States · United States Congress · 1 March 1973
Provides that a charitable organization shall be denied exemption from taxation under the Internal Revenue Code where amounts paid or incurred by such organization during each taxable year to influence legislation exceed specified sums of money, or where a significant portion of the activities of such organization consists of carrying on propaganda or otherwise attempting to influence legislation. Designates charitable organizations to which this Act applies, and defines the term "influencing legislation". Disallows deductions to charitable organizations where the contribution is made for the purpose of influencing legislation. Prohibits participation in a political campaign by any tax-exempt civic league. (Amends 26 U.S.C. 501 (f))
Bill· HRH.R. 5059 (93rd)referred
United States · United States Congress · 1 March 1973
Allows a tax deduction under the Internal Revenue Code of not more than $750 for ordinary and necessary expenses paid during the taxable year for the repair or improvement of property used by the taxpayer as his principal residence. Permits any person who is the owner of rental housing and who rehabilitates or restores such housing to deduct the cost of such restoration, with respect to the amortization of the adjusted basis of such housing as so restored, based on a period of 60 months. Entitles any person who acquires rehabilitated or restored rental housing from a taxpayer who elected the amortization deduction and who did not discontinue the amortization deduction, to a deduction with respect to the adjusted basis of such facility based on the remaining amount of the 60 month period taken by the person who rehabilitated the house. Provides procedures for the election and termination of the amortization deduction and defines the terms used in this Act.
Bill· HRH.R. 5064 (93rd)referred
United States · United States Congress · 1 March 1973
Makes appropriations to carry out the provisions of the Motor Vehicle Information and Cost Savings Act for the fiscal year ending June 30, 1073, of a total of $23,000,000.
Bill· HRH.R. 5016 (93rd)referred
United States · United States Congress · 1 March 1973
Common Tax Audit Act - Provides that all income tax returns filed with respect to taxes imposed by the Internal Revenue Code of 1954 shall be open to inspection by any common tax auditing agent appointed by two or more States pursuant to the provisions of this Act. States that such inspection shall be made in such manner and at such times and places as shall be prescribed by regulations made by the Secretary or his delegate. Provides that any information secured by the common tax auditing agent may be used only for tax purposes. (Adds 26 U.S.C. 6103 (b) (3))
Bill· SS. 1046 (93rd)referred
United States · United States Congress · 28 February 1973
Requires each individual, under the Internal Revenue Code of 1954, who is engaged in the business of preparation of tax returns to meet standards set by the Secretary of the Treasury for designation as a United States licensed tax return preparer. Provides that such designation shall be for a period of 5 years. Vests in the Secretary the power to set standards regarding fitness and competence of preparers, and to renew and withdraw such designation. Makes the failure of any individual otherwise required to obtain status as a licensed preparer, to obtain such status punishable by as much as 6 months imprisonment and/or a $1,000 fine.
Bill· SS. 1037 (93rd)referred
United States · United States Congress · 28 February 1973
Provides that each State educational agency under the National School Lunch Act shall receive food assistance payments according to a formula set forth in this Act. States that such payments shall be used by the State educational agency to assist schools of that State in financing the cost of obtaining agricultural commodities and other foods used in the school programs. Provides that the Secretary of Health, Education, and Welfare may authorize additional funds to the States regardless of the formula. States that funds available under this Act shall not be subject to the State matching provisions under the National School Lunch Act.
Bill· SS. 1036 (93rd)referred
United States · United States Congress · 28 February 1973
Provides that a charitable organization shall be denied exemption from taxation under the Internal Revenue Code where amounts paid or incurred by such organization during each taxable year to influence legislation, including an attempt to affect the opinion of the general public, normally exceeds five percent of the yearly expenditures; or where such amounts exceed twenty percent of the yearly expenditures in any attempt to influence legislation, on a matter which directly affects any purpose for which the organization is organized through communication with its own members or with any member or employee of a legislative body, or with any other government official or employee who may participate in the formulation of the legislation. Defines charitable organization for purposes of this Act, and designates certain activities which are not included within the term "influence legislation". Provides that no income tax deduction shall be allowed for a contribution to a charitable organization if the contribution is made for the purpose of influencing legislation. (Amends 26 U.S.C. 501, 1970)
Bill· HRH.R. 4967 (93rd)passed
United States · United States Congress · 28 February 1973
Authorizes appropriations of $1,200,000 for fiscal year 1974 to carry out the provisions of the Indian Claims Commission Act.
Bill· HRH.R. 4973 (93rd)referred
United States · United States Congress · 28 February 1973
Allows an income tax exclusion under the Internal Revenue Code for interest on governmental obligations issued for historic restoration and rehabilitation purposes. (Amends 26 U.S.C. 103(c)(4))
Bill· HRH.R. 4994 (93rd)referred
United States · United States Congress · 28 February 1973
Provides that a charitable organization shall be denied exemption from taxation under the Internal Revenue Code where amounts paid or incurred by such organization during each taxable year to influence legislation, including an attempt to affect the opinion of the general public, normally exceeds five percent of the yearly expenditures; or where such amounts exceed twenty percent of the yearly expenditures in any attempt to influence legislation, on a matter which directly affects any purpose for which the organization is organized, through communication with its own members or with any member or employee of a legislative body, or with any other government official or employee who may participate in the formulation of the legislation. Defines charitable organization for purposes of this Act, and designates certain activities which are not included within the term "influence legislation". Provides that no income tax deduction shall be allowed for a contribution to a charitable organization if the contribution is made for the purpose of influencing legislation. (Amends 26 U.S.C. 501, 170)
Bill· HRH.R. 4995 (93rd)referred
United States · United States Congress · 28 February 1973
Provides that a charitable organization shall be denied exemption from taxation under the Internal Revenue Code where amounts paid or incurred by such organization during each taxable year to influence legislation, including an attempt to affect the opinion of the general public, normally exceeds five percent of the yearly expenditures; or where such amounts exceed twenty percent of the yearly expenditures in any attempt to influence legislation, on a matter which directly affects any purpose for which the organization is organized, through communication with its own members or with any member or employee of a legislative body, or with any other government official or employee who may participate in the formulation of the legislation. Defines charitable organization for purposes of this Act, and designates certain activities which are not included within the term "influence legislation". Provides that no income tax deduction shall be allowed for a contribution to a charitable organization if the contribution is made for the purpose of influencing legislation. (Amends 26 U.S.C. 501, 170)
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