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501 records in US in 1976
United States · United States Congress · 9 March 1976
Amends the Internal Revenue Code to increase from $1,000,000 to $10,000,000 the exemption from industrial development bond treatment for qualified small issues, which exempts the interest paid on such bond issues from Federal taxation.
United States · United States Congress · 9 March 1976
Increases the exemption for taxable estates under the Internal Revenue Code from $60,000 to $200,000 of the value of the gross estate.
United States · United States Congress · 9 March 1976
Provides that the tax deduction, under the Internal Revenue Code, for charitable contributions of ordinary income property that is used by the donee solely for the care of the ill, the needy, or infants, which use is related to the donee's basis for tax exempt status, shall be reduced by only one-half of the amount of gain which would have been realized if the property contributed had been sold at its fair market value.
United States · United States Congress · 9 March 1976
Extends continuing appropriations for the departments, agencies and other organizational units of the U.S. Government for the fiscal year 1976 from March 31, 1976 to September 30, 1976.
United States · United States Congress · 9 March 1976
Provides that upon the adoption of this resolution it shall be in order to move that the House resolve itself into the Committee of the Whole House on the State of the Union for the consideration of the bill (H.R. 11481) to authorize appropriations for the fiscal year 1977 for certain maritime programs of the Department of Commerce, and for other purposes. States that after general debate, which shall be confined to the bill and shall continue not to exceed one hour, to be equally divided and controlled by the chairman and ranking minority member of the Committee on Merchant Marine and Fisheries, the bill shall be read for amendment under the five-minute rule. Provides that it shall be in order to consider an amendment inserted in the Congressional Record of March 9, 1976, by Representative Emery, the provisions of rule XVI, clause 7 to the contrary notwithstanding. States that, at the conclusion of the consideration of the bill for amendment, the Committee shall rise and report the bill to the House with such amendments as may have been adopted, and the previous question shall be considered as ordered on the bill and amendments thereto to final passage without intervening motion except one motion to recommit.
United States · United States Congress · 4 March 1976
Amends the Internal Revenue Code to treat an expired, unused investment credit as a refundable overpayment of tax.
United States · United States Congress · 4 March 1976
Small Business Tax Reduction Act - Allows as a tax credit against the tax imposed under the Internal Revenue Code an amount equal to ten percent of the social security taxes on employers paid during the taxable year by the corporation. Limits such credit to the amount of employer's tax paid on ten employees.
United States · United States Congress · 4 March 1976
Increases the estate tax exemption for taxable estates under the Internal Revenue Code from $60,000 to $225,000 of the value of the gross estate. Provides for yearly increases in such exemption based on the increase in the Consumer Price Index. Increases the limitation on the aggregate marital deduction to 50 percent of the adjusted value of the estate tax exemption. Allows an executor to value farmland, woodland, and scenic open land at its current use value rather than at its fair market value.
United States · United States Congress · 4 March 1976
State and Local Fiscal Assistance Act Amendments - Allows the use of funds to State and local governments under the State and Local Fiscal Assistance Act of 1972 for nonpriority expenditures and for projects which the Federal Government will provide additional matching funds. Authorizes appropriations to the National Trust Fund under such Act in amounts as follows: (1) for the period July 1, 1976, to September 30, 1976, $1,625,000,000; (2) for fiscal 1977, $6,537,500,000; (3) for fiscal 1978, $6,687,500,000; (4) for fiscal 1979, $6,837,500,000; (5) for fiscal 1980, $6,987,500,000; (6) for fiscal 1981, $7,137,500,000; and (7) for fiscal 1982, $7,287,500,000. Authorizes to be appropriated to such trust fund additional amounts for the same years for the noncontiguous States adjustment payments authorized by such Act. Exempts all revenue sharing funds from the new spending restrictions of the Congressional Budget Act of 1974. Authorizes to be appropriated in addition to such amounts beginning October 1, 1976, for each of the next 20 calendar quarters an amount equal to $125,000,000 plus $62,500,000 multiplied by the number of one-half percentage points by which the rate of national unemployment exceeds six percent. Provides that such additional funds must be distributed to the State and local governments which experience unemployment in excess of six percent. Provides formula for use by the Secretary of the Treasury to distribute such funds to such State and local governments in proportion to the amount of unemployment in such jurisdictions that exceeds six percent. Prohibits such additional amounts from being appropriated if the national unemployment rate does not exceed six percent. Requires the Comptroller General to study the impact such supplemental grants have on the operation of State and local governments and on the national economy and to report the results of such study within two years. Requires the Director of the Congressional Budget Office and the Advisory Commission on Intergovernmental Relations to conduct a study to determine the most effective means by which the Federal Government can stabilize the national economy during periods of high inflation and to report their findings within two years. Requires that governments receiving revenue sharing funds must report to the Federal Government each year summarizing anticipated revenues and expenditures for the coming year. Requires such jurisdictions to publicize the receipt and proposed expenditure of such revenue sharing funds 90 days before the start of such recipient government's fiscal period and to hold public hearings concerning such expenditures. Places primary authority for investigating cases of alleged discrimination on the basis of race, religion, or sex in those agencies charged with enforcement of the Civil Rights Act of 1964. Authorizes the Secretary to inform the Governor of the affected State where cases of discrimination are found. Withholds revenue sharing funds from any State which fails to cease such discrimination. Provides for hearings and judicial review to determine compliance with the nondiscrimination requirements of this Act. Eliminates the present requirement to establish local trust funds in which recipient governments must deposit revenue sharing funds.
United States · United States Congress · 4 March 1976
Establishes a tax credit of $50,000 under the estate tax provisions of the Internal Revenue Code with respect to the tax imposed on any estate. Repeals the estate tax exemption. Allows an executor to value farmland, woodland, and scenic open land at its current use value rather than at its fair market value.
United States · United States Congress · 4 March 1976
Amends the Internal Revenue Code to allow the exclusion from gross income of interest on industrial development bonds, the proceeds of which are for the tax exempt activity of providing hospital facilities.
United States · United States Congress · 4 March 1976
Exempts asphalt distributors, under the Internal Revenue Code, from the excise tax on motor vehicles, parts, and accessories.
United States · United States Congress · 4 March 1976
Increases the estate tax exemption for taxable estates under the Internal Revenue Code from $60,000 to $200,000 of the value of the gross estate. Increases the limitation on the aggregate marital deduction to 50 percent of the adjusted gross value of the estate, plus $100,000. Allows an executor to value farmland, woodland, and scenic open land at its current use value rather than at its fair market value.
United States · United States Congress · 4 March 1976
Allows a tax deduction up to $750 for ordinary and necessary expenses incurred by a taxpayer under the Internal Revenue Code in making repairs and improvements to his residence during the taxable year. Allows the owner of rental housing to amortize at an accelerated rate (over a 60-month period) the cost of rehabilitating or restoring such housing. Authorizes the taxpayer to switch from such accelerated amortization to the regular depreciation deduction allowable under the Internal Revenue Code for property used in a trade or business or held for the production of income.
United States · United States Congress · 4 March 1976
Creates a nine member House Select Committee on the Fiscal Problems of Cities. Directs the committee to conduct a study to identify the nature and causes of problems afflicting large cities which face severe fiscal imbalance. Provides that consideration shall be given problems which contribute to the financial plight of cities, including: (1) net outmigration of population; (2) decline in employment opportunities; (3) adverse city/suburban relationships; (4) cost of public services; (5) rising crime rates; (6) lack of new investment in housing; and (7) racial, ethnic, and economic segregation. Calls upon the committee to develop a policy regarding the appropriate role of various levels of government in the solution of such problems. Requires the committee to evaluate the consequences of, and coordination among, existing Federal policies and programs which relate to the major problems identified by the committee. Directs the committee to formulate specific recommendations regarding Federal legislation and executive administrative action for modifications of or alternatives to present Federal programs.
United States · United States Congress · 3 March 1976
Decreases from seven to six the number of members of the Board for International Broadcasting. Authorizes the appropriation of $58,385,000 to carry out the Board for International Broadcasting Act through fiscal year 1977. Specifies that $5,000,000 of such funds shall be available, as necessary, for downward fluctuations in foreign currency exchange rates. Directs the President to submit a report to the Congress, not later than January 31, 1977, which shall include the following: (1) recommendations outlining steps to be taken to more effectively utilize the transmission facilities for international broadcasting; (2) an examination of the feasibility of greater cooperation with foreign countries to insure mutally efficient use of nationally owned transmission facilities for international broadcasting; (3) an outline of projected needs for United States international broadcasting operations; and (4) recommendations concerning steps to be taken to extend broadcasting operations.
United States · United States Congress · 3 March 1976
Amends the Internal Revenue Code to allow the exclusion from gross income of interest on industrial development bonds, the proceeds of which are for the tax exempt activity of providing hospital facilities.
United States · United States Congress · 3 March 1976
Increases the exemption for taxable estates under the Internal Revenue Code from $60,000 to $200,000 of the value of the gross estate.
United States · United States Congress · 3 March 1976
Religious and Charitable Donors' Tax Justice Act - Allows a tax credit, under the Internal Revenue Code, in an amount equal to 50 percent of the amount allowable to the taxpayer as a charitable contribution deduction. Limits such credit to $500 per taxable year. Stipulates that such credit shall be in lieu of the charitable contribution deduction.
United States · United States Congress · 3 March 1976
Amends the Internal Revenue Code to allow as a tax deduction the amount of any adoption expenses, including social or agency adoption fees, court costs, and attorney's fees, paid by the taxpayer during the taxable year.
United States · United States Congress · 3 March 1976
Increases the estate tax exemption for taxable estates under the Internal Revenue Code from $60,000 to $200,000 of the value of the gross estate. Increases the limitation on the aggregate marital deduction to 50 percent of the adjusted gross value of the estate, plus $100,000. Allows an executor to value farmland, woodland, and scenic open land at its current use value rather than at its fair market value.
United States · United States Congress · 2 March 1976
Amends the Tariff Act of 1930 to authorize appropriations for the International Trade Commission for fiscal year 1977.
United States · United States Congress · 2 March 1976
Authorizes regulated investment companies, under the Internal Revenue Code, to pay exempt-interest dividends in an amount up to 90 percent of the excess of its tax-exempt interest without affecting its tax-exempt status. Allows shareholders to treat such exempt-interest dividends as excludable from gross income. Disallows that portion of the deduction for expenses and interest relating to tax-exempt income which the amount of such company's exempt-income bears to its gross income.
United States · United States Congress · 2 March 1976
Amends the Internal Revenue Code to treat gain or loss from any closing transaction as a gain or loss from the sale or exchange of a capital asset held for not more than six months. Defines the term "closing transaction" to mean the purchase of a put or call in stock or securities, or commodities, to terminate the taxpayer's obligation under an existing put or call in substantially identical stock or securities.
United States · United States Congress · 2 March 1976
Amends the Internal Revenue Code to change the excise tax on large cigars to an ad valorem tax based on wholesale price per thousand. Requires every manufacturer of tobacco products, every importer, and every export warehouse proprietor to maintain records which shall be available for inspection by Internal Revenue officers. Defines the term "wholesale price" with respect to cigars.
United States · United States Congress · 2 March 1976
Amends the Internal Revenue Code to exempt aircraft used primarily for agricultural operation from the tax imposed on the use of civil aircraft. Provides for the refund of the tax on gasoline where fuel has been used for farming purposes in an aircraft and by an aerial applicator who was the purchaser thereof.
United States · United States Congress · 2 March 1976
Amends the Internal Revenue Code to allow specified otherwise tax exempt organizations to operate a public entertainment activity in conjunction with a National, State, local, regional, or international fair or exposition without losing their tax exempt status, by excluding such public entertainment activity from the definition of the term "unrelated trade or business."
United States · United States Congress · 2 March 1976
Amends the State Taxation Depositories Act to exempt Guam from the provision prohibiting States from imposing income, receipts, or other "doing business" tax on any federally-insured depository not having its principal office in such State.
United States · United States Congress · 2 March 1976
Amends the Internal Revenue Code to increase the estate tax exemption from $60,000 to $200,000.
United States · United States Congress · 2 March 1976
Excludes the pay received by members of the National Guard or a reserve component of the Armed forces from gross income under the Internal Revenue Code to the extent that such pay does not exceed $5,000.
United States · United States Congress · 2 March 1976
Provides that during the consideration of the bill (H.R. 12203) making appropriations for Foreign Assistance and related programs for the fiscal year ending June 30, 1976, and the period ending September 30, 1976, and for other purposes, all points of order against specified provisions in said bill for failure to comply with the provisions of clause 2, rule XXI, are waived.
United States · United States Congress · 2 March 1976
States that upon the adoption of this resolution it shall be in order to move that the House resolve itself into the Committee of the Whole House on the State of the Union for the consideration of the bill (H.R. 11963) to amend the Foreign Assistance Act of 1961 and the Foreign Military Sales Act to authorize international security assistance for fiscal year 1976, to provide for the termination of grant military assistance programs at the end of fiscal year 1977, and for other purposes. Provides that after general debate, which shall be confined to the bill and shall continue not to exceed two hours, to be equally divided and controlled by the chairman and ranking minority member of the Committee on International Relations, the bill shall be read for amendment under the five-minute rule by titles instead of by sections. Stipulates that, at the conclusion of the consideration of the bill for amendment, the Committee shall rise and report the bill to the House with such amendments as may have been adopted, and the previous question shall be considered as ordered on the bill and amendments thereto to final passage without intervening motion except one motion to recommit. States that after the passage of H.R. 11963, it shall be in order in the House to take from the Speaker's table the bill S. 2662 and to move to strike out all after the enacting clause of the said Senate bill and insert in lieu thereof the provisions contained in H.R. 11963 as passed by the House.
United States · United States Congress · 1 March 1976
Amends the Internal Revenue Code to allow employees who receive the balance of their entitlement under a discontinued pension or annuity plan within the taxable year from the date of such discontinuance to reinvest the proceeds therefrom in a new pension plan without incurring income tax liability.
United States · United States Congress · 1 March 1976
Amends the Internal Revenue Code to allow a limited deduction for amounts paid by or on behalf of an individual for an individual retirement account, an individual retirement annuity, an individual retirement bond, an employee's trust, or an annuity contract.
United States · United States Congress · 1 March 1976
Estate and Gift Tax Act - Increases the estate tax exemption, under the Internal Revenue Code, to $120,000 in the case of the estate of a decedent dying after December 31, 1979. Increases the specific exemption for gift tax to $60,000.
United States · United States Congress · 1 March 1976
Authorizes, under the estate tax provisions of the Internal Revenue Code, an executor of an estate to transfer any property of the estate to a purchaser or holder of a security interest free of any prior attached lien. Stipulates that such lien shall then attach to the proceeds from such transfer.
United States · United States Congress · 26 February 1976
Repeals the corporate investment credit under the Internal Revenue Code. Reduces the corporate normal tax rate to 16 percent. Terminates the tax exemption treatment accorded to Domestic International Sales Corporations (DISC). Reduces the corporate surtax rate to 24 percent.
United States · United States Congress · 26 February 1976
Authorizes appropriations under the Federal Fire Prevention and Control Act of $15,000,000 for fiscal year 1977 and $20,000,000 for fiscal year 1978. Authorizes appropriations for fire research and safety of $5,500,000 for fiscal year 1977 and $6,000,000 for fiscal year 1978. Prohibits the Administrator of the National Fire Prevention and Control Administration from conducting fire research without the specific authorization of the Secretary of Commerce.
United States · United States Congress · 26 February 1976
Amends the Internal Revenue Code to allow taxpayers of any age to exclude from gross income gain from the sale or exchange of property if during the eight year period preceding the sale or exchange, such property has been owned and used as the taxpayer's principal residence for periods aggregating five years or more. Allows a surviving spouse to tack on the holding and use periods of the decedent spouse without regard to whether such decedent spouse had made an election to exclude gain from a prior sale or exchange.
United States · United States Congress · 26 February 1976
Amends the Internal Revenue Code to exclude life insurance companies from filing consolidated returns with an affiliated group of corporations.
United States · United States Congress · 26 February 1976
Amends the Internal Revenue Code to allow a tax deduction in an amount not to exceed $1,000 for amounts paid by the taxpayer to an eligible educational institution for tuition for the attendance of the taxpayer or any eligible dependent.
United States · United States Congress · 25 February 1976
Employment Incentive Act - Allows a tax credit, under the Internal Revenue Code, in an amount equal to the lesser of 15 percent of the qualified investment or $3,000,000. States that such credit shall not exceed 50 percent of the liability for tax for the taxable year. Defines the term "qualified investment" to mean investment in tangible property located in a development area certified by the Secretary of Commerce as development property. Recaptures such tax credit if property which was certified development property placed in service during either of the two preceding taxable years is disposed of or ceases to be certified development property with respect to the taxpayer. Allows any portion of the credit which exceeds the limitations to be carried back to the three preceding taxable years and carried forward to the seven taxable years following the unused credit year. Requires the Secretary of Commerce to report annually to the Congress with respect to the amount of and the economic effects of such tax credit.
United States · United States Congress · 25 February 1976
Authorizes the appropriation of $65,000,000 for fiscal year 1977 to pay the unfunded obligations of the District of Columbia for annuities and other retirement benefits of the following individuals, their survivors, and other beneficiaries: (1) specified members and former members of the metropolitan Police Force; (2) specified members and former members of the Fire Department of the District of Columbia; (3) specified judges and former judges; and (4) specified teachers and former teachers. Requires a study to be conducted by a person selected jointly by designated officials to determine the amount of such obligations which will be incurred during fiscal year 1978 and thereafter, to suggest methods of financing those obligations, and to determine whether any changes are needed in existing retirement programs.
United States · United States Congress · 25 February 1976
Small Business Estate and Gift Tax Reform Act - Revises, under the Internal Revenue Code, the rate of tax imposed on transfers of taxable estates. Increases the present $60,000 exemption from such tax to $80,000 in 1976, $100,000 in 1978, and $120,000 in 1980. Alters possible gift tax exemptions of a decedent's estate in 1980. Provides that in the computation of the value of a taxable estate, where a bequest is made to the surviving spouse, the limitation on the aggregate of deductions is revised from 50 percent to $240,000 plus 50 percent of the excess of the adjusted gross estate. Incorporates in the determination of the value of a decedent's property held as farming property or scenic open property, the consideration of any effective restrictions on its use for other purposes. Increases the gift tax exemption from $30,000 to $60,000. Allows a taxpayer to claim, under conditions prescribed by the Secretary of the Treasury or his delegate, an additional exemption which would otherwise be allowed his estate upon his death. Revises the gift tax exemption permitted for gifts to spouses from one half of the transferred property's value to so much of its value as does not exceed $240,000, plus one half of the excess. Extends from 10 to 15 the number of equal installments in which estate taxes on an estate consisting largely of an interest in closely held business may be paid. Permits the Secretary or his delegate, with the taxpayer's consent, to impose a lien on the closely held business assets which constitute the basis for the extension. Allows such lien in lieu of requiring a bond, but treats it as a bond for purposes of the discharge of fiduciary liability. Requires the Secretary or his delegate to study: (1) hardship extensions of the time for payment of estate tax and installments thereof; and (2) extensions of time for payment of estate tax where the estate consists largely of an interest in a closely held business as such extensions affect decisions to continue or dispose of a small or closely held business. Orders a report of such study to be submitted to Congress within 12 months of enactment of these provisions, such report to include findings, conclusions, and recommendations for legislation.
United States · United States Congress · 24 February 1976
Imposes a tax, under the Internal Revenue Code, as an alternative to the income tax, minimum tax, and the capital gains tax, equal to 14 percent of the amount by which the taxpayer's economic income for the taxable year exceeds $40,000, but only if such alternative tax is greater than the tax liability under the income tax, minimum tax, and capital gains tax.
United States · United States Congress · 24 February 1976
Defines the term "acquisition indebtedness", under the Internal Revenue Code, to exclude any indebtedness to the extent that it arises out of a tax or special assessment imposed by a State or any political subdivision thereof, for purposes of the tax on unrelated business income.
United States · United States Congress · 24 February 1976
Increases the estate tax exemption under the Internal Revenue Code from $60,000 to $200,000 of the value of the gross estate. Repeals the 50 percent limitation of the adjusted gross value of the estate on the aggregate of marital deductions. Allows an executor to value farmland, woodland, and scenic open land at its current use value rather than at its fair market value.
United States · United States Congress · 24 February 1976
Tax Credits and Allowances Act - Title I: Personal Credits Allowances for Basic Living Expenses, and other Tax Provisions - Repeals the personal exemption and provides, in lieu thereof, a credit against tax equal to the personal credits granted by this title. Provides a $225 credit for the taxpayer, and additional credits of $225 each for the taxpayer's spouse and each dependent. Authorizes prepayment of estimated personal credits to recipients of allowances for basic living expenses. Repeals the low income allowance. Provides for a standard employment expense deduction of: (1) 10 percent (but not to exceed $500) of the earned income received by the lesser compensated spouse; and (2) 10 percent (but not to exceed $1,000) of the earned income of the head of a household. Provides an allowance for basic living expenses. Specifies the requirements to be met for eligibility for receipt of such allowance, and sets forth the maximum amounts of such allowance. Authorizes the Secretary of the Treasury to promulgate regulations for the administration of this Act. Provides special rules with respect to the filing status of individuals under this Act. Provides for the coordination of allowances and credits authorized by this Act with those authorized under the educational opportunity grant program of the Higher Education Act of 1965. Authorizes to be appropriated such sums as are necessary to carry out the provisions of this title. States that gross income does not include, for the purposes of this title, amounts received by recipients as allowances for basic living expenses. Title II: Public Assistance and Welfare Reform - Amends the Social Security Act to require State Supplementation of income to families receiving aid for dependent children in the amount that the income of such families is reduced by the provisions of this Act. Provides that supplementary payments made by States under this title shall be made for a maximum period of 24 months. Changes the eligibility requirements for benefits under the supplemental security income programs of aid to aged, blind, or disabled individuals to prevent reduction of benefits received by such individuals by virtue of the provisions of this Act. States that until such time as a comprehensive program of services for families and children is developed and placed into effect, the Secretary of Health, Education, and Welfare shall provide a transitional program of specified services to such families. States that the Secretary shall develop a comprehensive program of such services within one year of the effective date of this title. Authorizes optional State supplementation of social security income benefits to ameliorate the effects of the provisions of this Act on families with disabled children. Title III: Miscellaneous and General Provisions - Provides that the total amount of State supplementation payments made under this Act may be used as an allowance offset for purposes of income taxation where the application of the provisions of this Act results in a net reduction of its basic living expense allowance or its supplemental security income benefit. Prohibits Federal assistance to child-care facilities imposing income-related fees. Makes technical and conforming amendments in other specified laws. Repeals the Food Stamp Act of 1964. Provides that obligations of the United States shall be subject to garnishment and similar proceedings to meet court-ordered alimony, child-support, and rent obligations.
United States · United States Congress · 24 February 1976
Small Business Estate and Gift Tax Reform Act - Revises, under the Internal Revenue Code, the rate of tax imposed on transfers of taxable estates. Increases the present $60,000 exemption from such tax to $80,000 in 1976, $100,000 in 1978, and $120,000 in 1980. Alters possible gift tax exemptions of a decedent's estate in 1980. Provides that in the computation of the value of a taxable estate, where a bequest is made to the surviving spouse, the limitation on the aggregate of deductions is revised from 50 percent to $240,000 plus 50 percent of the excess of the adjusted gross estate. Incorporates in the determination of the value of a decedent's property held as farming property or scenic open property, the consideration of any effective restrictions on its use for other purposes. Increases the gift tax exemption from $30,000 to $60,000. Allows a taxpayer to claim, under conditions prescribed by the Secretary of the Treasury or his delegate, an additional exemption which would otherwise be allowed his estate upon his death. Revises the gift tax exemption permitted for gifts to spouses from one half of the transferred property's value to so much of its value as does not exceed $240,000, plus one half of the excess. Extends from 10 to 15 the number of equal installments in which estate taxes on an estate consisting largely of an interest in closely held business may be paid. Permits the Secretary or his delegate, with the taxpayer's consent, to impose a lien on the closely held business assets which constitute the basis for the extension. Allows such lien in lieu of requiring a bond, but treats it as a bond for purposes of the discharge of fiduciary liability. Requires the Secretary or his delegate to study: (1) hardship extensions of the time for payment of estate tax and installments thereof; and (2) extensions of time for payment of estate tax where the estate consists largely of an interest in a closely held business as such extensions affect decisions to continue or dispose of a small or closely held business. Orders a report of such study to be submitted to Congress within 12 months of enactment of these provisions, such report to include findings, conclusions, and recommendations for legislation.
United States · United States Congress · 24 February 1976
Creates a nine member House Select Committee on the Fiscal Problems of Cities. Directs the committee to conduct a study to identify the nature and causes of problems afflicting large cities which face severe fiscal imbalance. Provides that consideration shall be given problems which contribute to the financial plight of cities, including: (1) net outmigration of population; (2) decline in employment opportunities; (3) adverse city/suburban relationships; (4) cost of public services; (5) rising crime rates; (6) lack of new investment in housing; and (7) racial, ethnic, and economic segregation. Calls upon the committee to develop a policy regarding the appropriate role of various levels of government in the solution of such problems. Requires the committee to evaluate the consequences of, and coordination among, existing Federal policies and programs which relate to the major problems identified by the committee. Directs the committee to formulate specific recommendations regarding Federal legislation and executive administrative action for modifications of or alternatives to present Federal programs.