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501 records in US in 1977
United States · United States Congress · 4 May 1977
Amends the Internal Revenue Code to provide a $5,000 tax exclusion from gross income for any amount received as an annuity, pension, or other retirement benefit.
United States · United States Congress · 4 May 1977
Amends the Internal Revenue Code to extend the corporate surtax exemption to political organizations provided they were not organized to use the exemption.
United States · United States Congress · 4 May 1977
Amends the Internal Revenue Code to provide for the reimbursement of all of a taxpayer's reasonable litigation expenses, including attorney's fees, in any legal action commenced by the Government, or any action instituted by a taxpayer contesting the accuracy of a deficiency assessment or claiming a refund, in which the taxpayer substantially prevails, or the Government withdraws.
United States · United States Congress · 3 May 1977
Amends the Internal Revenue Code to provide that the manufacturer's excise tax imposed on fishing equipment shall be due at the close of the quarter immediately following the quarter in which the goods are shipped.
United States · United States Congress · 3 May 1977
Amends the Internal Revenue Code to provide honorably discharged veterans of the Vietnam War a refundable, $500 income tax credit for taxable years ending between 1976 and 1980.
United States · United States Congress · 3 May 1977
Amends the Internal Revenue Code to provide a $5,000 tax exclusion for persons aged 65 or over for amounts received as an annuity, pension, or other retirement benefit, and for all persons receiving retirement benefits under a public retirement system.
United States · United States Congress · 3 May 1977
Amends the Internal Revenue Code to prohibit a business deduction for expenses paid or incurred to advertise tobacco products.
United States · United States Congress · 3 May 1977
Amends the Internal Revenue Code to repeal the carryover basis provisions enacted by the Tax Reform Act which provide that beneficiaries receiving property from a decedent's estate will retain the decedent's basis in the property. Restores prior law which "stepped up" or "stepped down" the property's basis to its market value at the time of death without imposing tax consequences on the appreciation or depreciation the property underwent while held by the decedent.
United States · United States Congress · 3 May 1977
Amends the Internal Revenue Code to allow certain low-and-middle income individuals a limited refundable income tax credit for the property taxes or rent paid by them for their principal residence.
United States · United States Congress · 3 May 1977
Amends the Internal Revenue Code to prohibit the taking of a business deduction for expenses paid or incurred to advertise alcoholic beverages.
United States · United States Congress · 3 May 1977
Sets forth the rule for the consideration of H.R. 6689 (Appropriations authorization for State Department, U.S.I.A., and the Board for International Broadcasting, and Foreign Service personnel system changes).
United States · United States Congress · 3 May 1977
Sets forth the congressional budget for the United States Government for fiscal year 1978. States that the recommended level of Federal revenues is $398,094,000,000 and the amount by which the aggregate level of Federal revenues should be decreased is $1,073,000,000. States that the appropriate level of total new budget authority is $502,092,000,000. Establishes the appropriate level of the public debt at $792,539,000,000. Sets forth the appropriate level of new budget authority and the estimated budget outlays for each major functional category. States that the Congress recognizes that unusual uncertainties surround the current economic outlook for 1977 and 1978 and that additional time and information are needed to make final determinations with respect to fiscal policy for fiscal year 1978. Declares that if economic recovery does not proceed satisfactorily during the months immediately following adoption of the First Budget Resolution for Fiscal Year 1978, it will be necessary to provide additional stimulus to the economy in appropriate amounts to be determined in the Second Budget Resolution for Fiscal Year 1978; or if the recovery continues to show signs of long-term renewed growth, it may be desirable to reduce some of the economic stimulus provided for fiscal year 1978 in order to make more rapid progress toward a balanced budget. Revises, pursuant to the Congressional Budget Act of 1974, the appropriate allocations for fiscal year 1977 made by Senate Concurrent Resolution 10 as follows: (1) the recommended level of Federal revenues is $355,000,000,000, and the amount by which the aggregate level of Federal revenues should be decreased is $3,300,000,000; (2) the appropriate level of total new budget authority is $469,700,000,000; (3) the appropriate level of total budget outlays is $414,250,000,000; (4) the amount of the deficit in the budget which is appropriate in the light of economic conditions and all other relevant factors is $59,250,000,000; (5) the appropriate level of the public debt is $707,970,000,000.
United States · United States Congress · 2 May 1977
Authorizes appropriations for the Coast Guard for fiscal year 1978. Sets forth the authorized end strength for active duty personnel and prescribes the average military student loads for the Coast Guard for such fiscal year. Stipulates that the obligated balances against appropriations for use by the Coast Guard for operation and maintenance and Reserve training purposes for the two preceeding fiscal years shall be merged with the current appropriations.
United States · United States Congress · 2 May 1977
Amends the Internal Revenue Code to provide a $5,000 tax exclusion from gross income for any amount received as an annuity, pension, or other retirement benefit by persons aged 65 or more.
United States · United States Congress · 2 May 1977
Amends the Internal Revenue Code to authorize the Secretary of the Treasury to disclose the mailing address of taxpayers, upon written request, to officers of the National Institute for Occupational Safety and Health for epidemiologic and mortality studies or worker populations, and for health care and referral of workers.
United States · United States Congress · 2 May 1977
Amends Title XX (Grants to States for Services) of the Social Security Act to provide cost-of-living increases in social services funding for child care beginning with fiscal year 1978.
United States · United States Congress · 2 May 1977
Amends the Internal Revenue Code to allow a distinct $10 income tax credit for contributions to candidates for Congress from the district, or in the case of Senator from the state, of the taxpayer, while maintaining the existing $25 credit for all other candidates.
United States · United States Congress · 2 May 1977
Amends the Internal Revenue Code to extend the time for a small business corporation to elect subchapter S status from the first month to the fifteenth day of the third month of the taxable year, and to any time during the preceding taxable year.
United States · United States Congress · 2 May 1977
Amends the Internal Revenue Code to provide an income tax credit for the amounts paid or incurred by the taxpayer to convert land held in the United States and formerly used for agriculture or raising livestock into an area used exclusively for providing vegetative cover for wind erosion control or wildlife habitat. Provides that such wind erosion control and wildlife habitat areas must: (1) meet such requirements as are established by the Secretary of Agriculture; (2) be no less than 20 feet, nor more than 60 feet in width; and (3) comprise no more than 15 percent of the area of any farm. Provides for the recapture of such credits to the extent that credit is taken for land which ceases to be a wind erosion control or wildlife habitat area, or is transferred by the taxpayer (except by reason of death, or in certain tax-free corporate acquisitions) within three years after the credit is taken. Provides for the carryover of allowable credit to the extent it exceeds the taxpayer's liability. Reduces the taxpayer's basis, and disallows any deduction of expenditures properly charged to capital account for which this credit is taken.
United States · United States Congress · 2 May 1977
Amends the Internal Revenue Code to exclude intangible drilling and development costs from the minimum tax on tax preferences.
United States · United States Congress · 29 April 1977
Amends the Internal Revenue Code to allow an incremental, refundable investment credit for new qualified property constructed, placed in service or obtained between 1976 and 1982.
United States · United States Congress · 29 April 1977
Amends the Internal Revenue Code to provide that income received from nonmember telephone companies shall not be used in determining whether mutual and cooperative telephone companies qualify as tax exempt organizations.
United States · United States Congress · 29 April 1977
Amends the Internal Revenue Code to allow individuals an income tax credit for five percent of the rent paid for their principal residence. Limits the credit to $75 in the case of a joint return, $37.50 for married individuals filing separately, and $50 for other taxpayers.
United States · United States Congress · 29 April 1977
Amends the Internal Revenue Code to provide that income received from nonmember telephone companies shall not be used in determining whether mutual and cooperative telephone companies qualify as tax exempt organizations.
United States · United States Congress · 29 April 1977
Amends the Internal Revenue Code to authorize any taxpayer to elect to have any portion of any overpayment of tax or any contribution in money which the taxpayer forwards with the return for such taxable year be available, as the taxpayer may designate on such return, for the National Endowment for the Arts or the National Endowment for the Humanities.
United States · United States Congress · 28 April 1977
Amends the Internal Revenue Code to repeal the excise taxes on wagering.
United States · United States Congress · 28 April 1977
Technical Correction Act - Makes technical amendments to income tax and administrative provisions in the Internal Revenue Code pertaining to: (1) retirement income credit; (2) the minimum tax; (3) sick pay; (4) net operating losses; (5) construction period interest and taxes; (6) the preservation of historic structures; (7) foreign conventions; (8) corporate liquidations; (9) investment company transactions; (10) risk provisions; (11) foreign personal holding companies; (12) condominium management associations; (13) gains on property transferred to trust at less than fair market value; (14) foreign tax credit for accumulation distributions; (15) partnership losses; (16) real estate investment trusts; (17) foreign income; (18) sales of depreciable property between related persons; (19) depreciation on player contracts; (20)pensions and annuities; (21) subchapter corporations; (22) individual retirement accounts; (23) taxpayer information and returns; and (24) income tax return preparers. Amends estate and gift tax provisions pertaining to: (1) section 306 stock; (2) coordination of deduction for estate taxes attributable to income in respect of a decedent with the capital gain deductions and (3) real property valuation; (4) payment provisions for closely held businesses; (5) annual exclusions and transfers within three years of death; (6) estate tax marital deduction; (7) estate tax treatment of certain gifts by married persons; (8) stock transferred with retained voting rights; (9) individual retirement accounts and bonds; (10) joint interests; (11) the orphans' exclusion; (12) surviving spouse disclaimers; (13) generation-skipping transfers tax; and (14) adjustments in income tax for estate and generation- skipping transfer taxes. Corrects punctuation, spelling, cross references and other errors in the Tax Reform Act.
United States · United States Congress · 28 April 1977
Amends the Internal Revenue Code to exclude winnings from State lotteries from gross income.
United States · United States Congress · 28 April 1977
Higher Education Funding Act - Authorizes an income tax deduction for contributions to a qualified higher education fund established by the taxpayer for the purposes of funding the higher education of his dependent children, nephews and nieces. Limits the amount of the deduction to the lesser of: (1) $500 times the number of qualified beneficiaries; (2) ten percent of the taxpayer's adjusted gross income; or (3) $2,500. Requires that a qualified education fund must be established by the taxpayer pursuant to a written plan: (1) solely for the purpose of defraying the cost of room, board, and tuition at an institution of higher education of one or more eligible beneficiaries; (2) which provides that no distribution shall be made by the fund (except upon termination thereof) other than to, or on behalf of, eligible beneficiaries; (3) which provides that upon termination of the fund all assets of the funds shall be distributed to the taxpayer or to his estate; (4) which prohibits contributions to the fund in excess of amounts deductible; and (5) under which the taxpayer consents to specified income tax treatment upon termination of the fund. Defines "institution of higher education" as an educational institution: (1) which regularly offers education at a level above the twelfth grade; (2) contributions to or for the use of which constitute charitable contributions; (3) which is legally authorized to provide and does provide a program of postsecondary education; and (4) which is accredited by a nationally recognized accrediting agency or association listed by the United States Commissioner of Education.
United States · United States Congress · 28 April 1977
Amends the Internal Revenue Code to allow an income tax credit for specified higher education expenses, including tuition, fees, books, and supplies, incurred by the taxpayer for himself or any dependent. Limits the credit to 100 percent of the first $200 for any individual, 75 percent of the next $300, and 25 percent of the next $1,000. Limits the credit to expenses incurred by full time students at institutions of vocational and higher education, minus scholarships and veterans' benefits. Disallows any deduction of educational expenses used to determine the amount of the credit allowed by this Act.
United States · United States Congress · 28 April 1977
Sets forth the rule for the consideration of H.R. 6179 (Arms control appropriations authorization).
United States · United States Congress · 27 April 1977
Amends the Internal Revenue Code to decrease the tax credit for certain taxes paid foreign national governments by up to ten percent paid while allowing a deduction for that amount of taxes for which the credit is denied.
United States · United States Congress · 27 April 1977
Foreign Relations Authorization Act, Fiscal Year 1978 - Title I: State Department - Authorizes appropriations to the Department of State for fiscal year 1978 for functions relating to the administration of foreign affairs ($762,005,000), international organizations and conferences ($389,412,000), international commissions ($21,839,000), education exchange ($88,100,000), migration and refugee assistance ($53,054,000), and employee benefits and compensation. Restricts the transfer of funds for such purposes. Authorizes $7,281,583 of funds authorized for international organizations and conferences to be used to pay the United States assessment to the World Health Organization, notwithstanding restrictions on payments to the United Nations and affiliated agencies. Restricts $20,000,000 of the amount appropriated for migration and refugee assistance to assist the resettlement in Israel of refugees from the Soviet Union and Communist countries in Eastern Europe. Authorizes the Secretary of State to assist United States citizens incarcerated abroad. Revises limitations on appropriations made to the Secretary of State for acquisition of buildings and grounds, in foreign countries, under the Foreign Service Buildings Act. Repeals the ten-year limitation on leaseholds acquired under such Act for sites and buildings. Creates an Assistant Secretary of State for Human Rights. Abolishes the position of Coordinator for Human Rights and Humanitarian Affairs and transfers the functions of such position to the Assistant Secretary of State for Human Rights. Makes the individual serving as Coordinator of Human Rights and Humanitarian Affairs the Assistant Secretary of State for Human Rights without requiring reappointment of such individual. Amends the Immigration and Nationality Act to rename the Bureau of Security and Consular Affairs as the Bureau of Consular Affairs. Establishes an Assistant Secretary of State for Consular Affairs to assume the functions of the administrator of such bureau. Removes the Bureau for jurisdiction of the Deputy Under Secretary of State for Administration. Makes the individual serving as administrator of the bureau the Assistant Secretary of State for Consular Affairs without requiring reappointment of such individual. Establishes a board to advise the Secretary of State with respect to negotiations concerning toll increases on the Saint Lawrence Seaway and the Welland Canal. Requires that such board consist of representatives of groups affected by the increased tolls. Terminates such board on the date such negotiations are completed at September 30, 1978, whichever occurs first. Directs the President to emphasize the development and use of light capital technologies at the United Nations Conference on Science and Technology for Development. Amends the Foreign Assistance Act of 1969 to authorize appropriations not to exceed $25,000,000 for each fiscal year beginning with FY 1979 for the Inter-American Foundation. Grants the consent of Congress, upon approval of the Secretary of State and the other concerned Secretaries, to (1) any retired member of the uniformed services, (2) any member of a Reserve component of the Armed Forces, and (3) any member of the commissioned Reserve Corps of the Public Health Service, to accept civil employment from a foreign government. Title II: Foreign Service Personnel System - Amends the Foreign Service Act of 1946 to extend the procedures for computation of compensation for a Foreign Service officer acting as chief of mission to any Reserve officer acting in such capacity. Amends the Foreign Service Act of 1946 to authorize establishments of the Government, including legislative and judicial branches, in addition to governmental agencies to administer alien employee programs in accordance with compensation plans for alien employees of the Foreign Service. Permits the heads of Government agencies and other establishments of the Government to compensate any current or former alien employee who is or has been imprisoned by a foreign government upon a determination by the Secretary of State that such imprisonment resulted from the alien's employment by the United States. Amends the Foreign Service Act of 1946 to repeal the ten-year citizenship requirement for appointment as a Foreign Service officer, or as a Foreign Service Reserve officer. Amends the Foreign Service Act of 1946 to replace entry procedures for Foreign Service officer candidates with a Career Candidate Program which authorizes the appointment of candidates who have passed the required examinations as Foreign Service Reserve officers for a trial period. Amends the Foreign Service Act of 1946 to make the retirement procedures for any foreign service officer who has served as chief of mission applicable to the Foreign Service Reserve officer who is a participant in the Foreign Service Retirement and Disability System. Amends the Foreign Service Act of 1946 to preserve the Foreign Service personnel status of Foreign Service Reserve officers appointed to any governmental agency or international body by the President. Redefines "Foreign Service employee," for purposes of death gratuities for foreign service employees, to include alien employees. Authorizes retirement benefits for certain Foreign Service officers selected-out of the Foreign Service who were not in class one, two, or three at the time of retirement. Title III: United States Information Agency - Authorizes appropriations to the United States Information Agency for fiscal year 1978 to carry out international informational activities under the United States Information and Educational Exchange Act of 1948, the Mutual Educational and Cultural Exchange Act of 1961, and Reorganization Plan Numbered 8 of 1953 for (1) salaries and expenses ($269,286,000), (2) special international exhibitions ($4,360,000), (3) acquisition and construction of radio facilities ($19,872,000), and (4) increases in employee compensation and benefits (such amounts as may be necessary). Restricts the transfer of such funds. Requires the Director of the United States Information Agency to submit to the Secretary of State plans for replacement of the Agency's facilities in Soweto, South Africa. Permits the Director to make available to the Administrator of General Services, for deposit in the National Archives, a master copy of the film "Hirshhorn Museum and Sculpture Garden" and any films for the "Young Filmmakers Bicentennial Film Series" of the Agency. Title IV: Board for International Broadcasting - Amends the Board for International Broadcasting Act of 1973 to authorize appropriations of $68,980,000 for fiscal year 1978 for grants to Radio Free Europe/Radio Liberty and for other purposes.
United States · United States Congress · 27 April 1977
Amends the Internal Revenue Code to provide a $5,000 tax exclusion from gross income for any amount received as an annuity, pension, or other retirement benefit.
United States · United States Congress · 27 April 1977
Amends the Regional Rail Reorganization Act of 1973 and the Internal Revenue Code to exclude from the gross income of an individual railroad worker, for income tax purposes, any amount payable to such individual as a monthly displacement allowance, separation allowance, or termination allowance.
United States · United States Congress · 27 April 1977
Amends the Internal Revenue Code to allow a taxpayer, who is entitled to a depletion allowance, to elect to exclude from gross income amounts attributable to production from any exploratory oil or gas well drilled within five years from the effective date of this Act.
United States · United States Congress · 26 April 1977
Amends the Internal Revenue Code to allow a limited credit against the income tax for contributions of the taxpayer's literary, musical or artistic compositions to certain tax exempt organizations. Limits the credit allowed for any one year to the amount of tax on past gross income attributable to the sale of such compositions. Disallows any credit for letters, memoranda, or similar property relating to the duties of any governmental office held by the taxpayer when they were composed. Limits the credit taken in any taxable year to the greater of $2,500 or 50 percent of the taxpayer's income tax liability for the year. Disallows a credit to the extent that the total value of contribution exceeds $35,000. Allows a five-year carry-over of any credit disallowed by the previous two limitations. Requires that the donee certify to the taxpayer that the contribution is material of literary, artistic or musical significance and its use will be related to the purpose upon which the donee's tax exempt status is based.
United States · United States Congress · 26 April 1977
Repeals the provision of the Internal Revenue Code dealing with deductions for individual retirement accounts and replaces it with a provision allowing a deduction for amounts paid in cash.
United States · United States Congress · 26 April 1977
Surplus School Conversion Act - Entitles taxpayers, under the Internal Revenue Code, to elect to take a deduction with respect to the amortization of any qualified school or hospital property based on a period of 180 months. Defines qualified school or hospital property to mean any buildings or other structure which is acquired by the taxpayer from a tax-exempt organization which used such structure to provide facilities for an educational institution or an institution which provided medical or custodial care.
United States · United States Congress · 26 April 1977
Amends the Internal Revenue Code to allow individuals an income tax deduction for all the ordinary and necessary expenses paid or incurred in traveling between the individual's principal place of construction related employment and a temporary construction project work site.
United States · United States Congress · 26 April 1977
Sets forth the congressional budget for the United States Government for the fiscal year 1978. Provides that the recommended level of Federal revenues is $409,000,000,000 and the amount by which the aggregate level of Federal revenues should be decreased is $13,884,000,000. States that the appropriate level of total new budget authority is $453,500,000,000. Establishes the appropriate level of the public debt at $717,332,000,000. Sets forth the appropriate level of new budget authority and the estimated budget outlays for each major functional category.
United States · United States Congress · 25 April 1977
Taxpayer Assistance Fairness Act - Amends the Internal Revenue Code to suspend interest on tax deficiencies resulting from advice obtained from Internal Revenue Service taxpayer assistance programs. Provides for the availability of written confirmations of certain oral advice given under these programs. Directs the Secretary of the Treasury to make annual reports on interest suspensions and taxpayer service errors. Orders the Secretary to make an efficiency report on the programs to certain Congressional Committees within six months after this enactment.
United States · United States Congress · 25 April 1977
Amends the Internal Revenue Code to allow Members of State legislature the same income tax business deduction for living expenses as is allowed Members of Congress.
United States · United States Congress · 25 April 1977
Investment Tax Credit Act - Amends the Internal Revenue Code to allow an additional investment tax credit for machinery and equipment placed in service on existing manufacturing plants or in nearby areas.
United States · United States Congress · 25 April 1977
Amends the Internal Revenue Code to provide an income tax credit for expenses incurred in the conversion of farm and ranch land into qualified wind erosion control or wildlife habitat areas. Provides Federal local reimbursement to state and local governments for the real property taxes which would otherwise be collected on such property.
United States · United States Congress · 25 April 1977
Amends the Internal Revenue Code to repeal the income limitation for the income tax credit for the elderly.
United States · United States Congress · 25 April 1977
Sets forth the rule for the consideration of H.Con.Res. 195 (Congressional budget).
United States · United States Congress · 22 April 1977
Amends the Internal Revenue Code to allow individuals a limited income tax deduction for uncompensated repairs to certain residential water wells damaged by drought.
United States · United States Congress · 22 April 1977
Amends the Internal Revenue Code to provide for the discharge of unrecorded tax liens on personal residences which are purchased from the delinquent taxpayers by individuals. Allows purchasers of such property to bring civil suit, within six years after the notice of the lien is filed, for discharge of the lien, in any district court of the United States.
United States · United States Congress · 22 April 1977
Allows, as a credit against the income tax, 25 percent of the expenditures paid for the installation of solar heating or cooling equipment in any building owned by the taxpayer and used as his residence. Limits the expenditures claimed by any taxpayer, for any building, to $8,000. Prorates the allowable credit among joint owners and tenant stockholders. Prohibits any increase in the structure's basis to the extent that this credit is claimed. Defines "solar heating and cooling equipment" as equipment meeting the criteria of the Solar Heating and Cooling Demonstration Act, with a useful life of at least three years, and which is originally used by the taxpayer. Allows, as a credit against the income tax, 30 percent of the expenditures paid for insulating the taxpayer's residence. Limits the expenditures claimed during this period to $750 for any individual or building. Prorates the allowable credit among joint owners and tenant stockholders. Prohibits any increase in the basis of such residence to the extent that this credit is taken. Allows an investment tax credit for expenditures paid or incurred for insulation and solar energy equipment installed in structures used for a trade or business or held for the production of income. Extends this investment credit to structures used as lodging facilities. Directs the Secretary of the Treasury to draft additional criteria defining solar energy equipment for the purposes of the investment tax credit. Allows the amortization, over 60 months, of depreciable shale oil conversion, solar geothermal, and waste energy equipment.