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Bill· HRH.R. 1974 (99th)referred
United States · United States Congress · 3 April 1985
Requires the Director of the Office of Management and Budget, for FY 1986 through 1988, to assure that no more than 20 percent of any Federal agency's budget authority for a fiscal year may be obligated during the last two calendar months of such year. Permits departures from such requirement if necessary to avoid disruption. Requires the Director to report to the Congress on actions taken pursuant to this Act and on any departures. Exempts any reserves established and any other actions taken to satisfy this Act from specified reporting requirements of the Impoundment Control Act of 1974.
Bill· HRH.R. 1968 (99th)referred
United States · United States Congress · 3 April 1985
Amends the Internal Revenue Code to increase from $50,000 to $150,000 the amount of employer-provided group-term life insurance the cost of which may be excluded from the gross income of an employee.
Bill· HRH.R. 1958 (99th)open
United States · United States Congress · 3 April 1985
Title I: National Ocean Pollution Planning Act of 1978 - Amends the National Ocean Pollution Planning Act of 1978 to extend the authorization of appropriations for such Act through FY 1987. Title II: Ocean Dumping Research - Amends the Marine Protection, Research, and Sanctuaries Act of 1972 to eliminate the requirement that the Secretary of Commerce report to the Congress on the effects of ocean dumping or dumping in the Great Lakes. Directs the Secretary to ensure that the research program on the long-range effects of pollution, overfishing, and other man-induced changes in the ocean ecosystems complements the regulation of ocean dumping and includes monitoring programs and the assessment of the health and ability or inability of the marine environment to assimilate materials with degradation. Directs the Administrator of the Environmental Protection Agency to assess the feasibility of regional management plans for the disposal of waste materials, integrating the activities of all levels of government into a comprehensive strategy. Directs the Administrator to report to the Congress and the President within one year on sewage sludge disposal in the New York region, assessing alternatives and recommending legislative changes to reduce adverse effects. Authorizes appropriations for FY 1986 and 1987 to carry out this Act. Directs the Secretary and the Administrator to each report annually to the Congress on the activities carried out under this Act.
Bill· HRH.R. 1931 (99th)open
United States · United States Congress · 3 April 1985
Title I: Department of State - Department of State Authorization Act, Fiscal Years 1986 and 1987 - Authorizes appropriations for FY 1986 and 1987 for the Department of State for: (1) administration of foreign affairs; (2) international organizations and conferences; (3) international commissions; (4) migration and refugee assistance; (5) U.S. bilateral science and technology agreements; (6) the Asia Foundation; and (7) Soviet-East European research and training. Directs the Secretary of State (the Secretary) to notify specified congressional committees whenever the Secretary submits to the Congress a request for appropriations pursuant to authorizations for certain nondiscretionary costs and for certain Foreign Service benefits. Authorizes the Secretary, to the extent funds are authorized and appropriated, to pay the U.S. share of the expenses of the United Nations peacekeeping forces in the Middle East. (Current law authorizes such funds as may be necessary to make such payments to the Department of State.) Earmarks specified amounts of the authorization for administration of foreign affairs for: (1) the National Commission on Educational, Scientific, and Cultural Cooperation; and (2) special religious sensitivity instruction for Foreign Service officers to be assigned abroad. Prohibits using migration and refugee assistance funds to provide reception and placement grants which are conditioned on a grantee accepting the responsibility for meeting the basic food, clothing, or shelter needs of refugees or for transporting to job interviews or training of refugees during the refugees' first 90 days in the United States. Limits the amount of migration and refugee assistance funds that may be used for enhanced reception and placement services. Amends the Migration and Refugee Assistance Act of 1962 to authorize the President to furnish aid under such Act notwithstanding any law which restricts aid to foreign countries. Increases the number of Assistant Secretaries of State. Provides that the Director General of the Foreign Service and the Inspector General of the Department of State and the Foreign Service shall be compensated at level IV of the Executive Pay Schedule. Amends the Department of State Appropriations Authorizations Act of 1973 to repeal the provision providing for reimbursement of the Department of State for personnel detailed to other agencies. Amends the Migration and Refugee Assistance Act of 1962 to authorize using migration and refugee assistance to pay for contracting for personal services abroad. Amends the State Department Basic Authorities Act of 1956 to authorize the State Department to employ and compensate aliens for services abroad, except for purposes relating to compensation for work injuries and certain tort claims. Amends the Foreign Service Act of 1980 to change the limit on the total amount of performance pay awarded to members of the Senior Foreign Service. Authorizes the Secretary of Commerce to appoint an individual to a limited appointment in the Senior Foreign Service for a specific position abroad if: (1) no qualified career member of the Foreign Service is available; and (2) the individual appointed has unique qualifications for the specific position. Amends the State Department Basic Authorities Act of 1956 to authorize special agents of the Department of State and the Foreign Service to: (1) conduct investigations concerning illegal passport or visa issuance or use; (2) issue search warrants, arrest warrants, subpoenas, and summonses to conduct such investigations; (3) protect both in the United States and abroad heads of foreign states, distinguished visitors to the United States, the Secretary of State, foreign missions, and other specified persons; (4) carry firearms if qualified and authorized to do so; and (5) make arrests without warrants for any offense against the United States committed in their presence or if they have reasonable grounds to believe the arrested person has committed specified offenses and is fleeing the area. Directs the Secretary to consult with the Attorney General before prescribing regulations with respect to the use of firearms by special agents. Provides that the Secret Service is not affected by the provisions dealing with special agents. Directs the Secretary to transmit all the regulations governing such special agents to the Congress 20 days before they go into effect. Authorizes the Secretary to provide extraordinary protective services for foreign missions to the extent necessary. Authorizes the Secretary to provide funds to a State or local authority for protective services only if the Secretary has determined that circumstances exist which require extraordinary security measures which exceed those which local law enforcement agencies can reasonably be expected to take. Authorizes obligating funds for such purposes only after regulations have been issued after consultation with the appropriate congressional committees. Limits the amount of such funds that may be obligated for protective services within any single State. Requires that at least 15 percent of such funds shall be kept in reserve for protective services provided by the Secretary or for expenditures in local jurisdictions not otherwise covered by an agreement for protective services. Limits an agreement with a State or local authority for the provision of protective services to 90 days subject to renewal. Directs the Secretary to consider matters relating to the protection of U.S. interests in determining the treatment to be accorded a foreign mission in the United States. Authorizes the Secretary to require a foreign mission to forego the acceptance, use, or relation of a benefit. Authorizes the Secretary to require a foreign mission to divest itself of or forego the use of real property if the Secretary determines it is necessary to protect the interests of the United States. Authorizes the Secretary to use funds available to the Secretary to pay for U.S. participation in arbitrations: (1) for the peaceful resolution of disputes under treaties or other international agreements; and (2) arising under contracts authorized by law for the performance of services or acquisition of property abroad. Directs the Secretary to establish the Consular and Passport Services Fund which shall be funded by fees collected for passport and consular services and which shall be available for specified expenses related to providing passport and consular services. Directs the Secretary to report to specified congressional committees at least twice a year on the management plans for using the Fund. Limits transfers of amounts out of the Fund. Amends the Foreign Service Act of 1980 to authorize the Secretary to acquire such property and equipment as necessary to provide training for Foreign Service personnel and to acquire a consolidated training facility within reasonable proximity to the State Department. Earmarks specified amounts of funds authorized for administration of foreign affairs for such training facility. Amends the International Center Act to authorize the Secretary, in consultation with the Administrator of General Services, to construct facilities in the International Center, including facilities for security and maintenance. Authorizes the Secretary to make a grant from funds authorized for administration of foreign affairs to the American-Australian Bicentennial Foundation in support of its programs to prepare for U.S. participation in the Australian Bicentennial celebration. Expresses the sense of the Congress that it is imperative and in the national interest that each U.S. mission to a foreign country provide such support as may be necessary to U.S. citizens seeking to do business in that country. Directs the Secretary to report to the Congress within 90 days of enactment of this Act on proposals to improve the staffing and personnel management in the Bureau of International Narcotics Matters, specifically whether a narcotics specialist personnel category in the Foreign Service is an appropriate mechanism. Requires the Department of State, in order to ensure that foreign narcotics traffickers are denied visas, to cooperate with U.S. law enforcement agencies in establishing a comprehensive information system on all drug arrests of foreign nationals in the United States so such information can be sent to the appropriate U.S. embassies. Directs the Secretary and the Administrator of the Drug Enforcement Administration to agree on uniform guidelines which would permit the sharing of information on drug traffickers. Directs the Secretary to report to the Congress, within six months of enactment of this Act, on steps taken to implement such information network. Directs the Secretary to increase U.S. efforts to negotiate updated extradition treaties relating to narcotics offenses with each major drug-producing country. Directs the Secretary to issue a travel advisory warning U.S. citizens of the dangers of traveling in Mexico. Requires the travel advisory to remain in effect until those responsible for the murder of Drug Enforcement Agent Enrique Camarena Salazar have been brought to trial and a verdict has been obtained. Title II: United States Information Agency - United States Information Agency Authorization Act, Fiscal Years 1986 and 1987 - Authorizes appropriations for FY 1986 and 1987 for the U.S. Information Agency (USIA). Earmarks specified portions of such authorization for essential modernization of the Voice of America. Requires an amount not less than the amount requested by the USIA in its presentation to the Congress for increases in TV WORLDNET to be used for increases in the world wide book program initiative and related support for the Educational and Cultural Exchange Bureau. Amends the National Endowment for Democracy Act to direct the National Endowment for Democracy to make its proposals, grant agreements, and other official documents available to the public upon request. Prohibits using Endowment funds to finance political campaigns. Prohibits using Endowment funds granted to political party institutes to finance activities of the Republican National Committee or the Democratic National Committee. Requires the Endowment to require its grantees to consult with the U.S. Chief of Mission to a foreign country before funds provided by the Endowment are made available by the grantee for a project in that country. Requires amounts made available by the Endowment in FY 1986 and 1987 to the institutes established by the Democrats and Republicans to be used, to the maximum extent feasible, for projects jointly implemented by those institutes. Earmarks specified amounts of the amounts made available to the Endowment for FY 1986 and 1987 to the Free Trade Union Institute and the Center for International Private Enterprise. Authorizes the USIA to audit the financial transactions of the Endowment under specified conditions. Title III: Board for International Broadcasting - Board for International Broadcasting Authorization Act, Fiscal Years 1986 and 1987 - Amends the Board for International Broadcasting Act of 1973 to authorize appropriations for the Board for International Broadcasting for FY 1986 and 1987. Earmarks a specified amount of such authorization for radio modernization. Expresses the sense of the Congress that Radio Free Europe/Radio Liberty, Incorporated (RFE/RL) should: (1) reestablish the procedure the primary emphasis of which is the daily oversight of RFE/RL program content and quality; (2) strengthen pre- and post-broadcast review and controls; and (3) improve its personnel management system. Expresses the sense of the Congress that the Board for International Broadcasting should: (1) periodically review and update the program policy guidelines of RFE/RL; and (2) ensure that the distinctions between the Board and RFE/RL remain clear and that these two entities continue to operate within the framework established by law.
Bill· HRH.R. 1943 (99th)open
United States · United States Congress · 3 April 1985
Revises the definition of a State to include Puerto Rico for purposes of the requirement imposed on the Secretary of the Treasury to withhold State income taxes from the income of Federal employees.
Bill· HRH.R. 1969 (99th)referred
United States · United States Congress · 3 April 1985
Smoking, Medicare/Medicaid, and Alternative Revenue Tax Act of 1985 - Amends the Internal Revenue Code to increase the excise tax on cigarettes from: (1) $8 to $16 for small cigarettes; and (2) $16.80 to $33.60 for large cigarettes. Provides for a cost-of-living adjustment for such excise tax in fiscal years after FY 1986. Imposes a floor stock excise tax on small and large cigarettes. Appropriates 25 percent of the revenues raised by such additional taxes to each of: (1) the Federal Hospital Insurance Trust Fund (Medicare); (2) the Federal Supplementary Medical Insurance Trust Fund (Medicare); and (3) the State share of Medicaid costs. Expresses the sense of the Congress that there is no need for Medicare Part B premiums to pay for a greater proportion of program costs. Expresses the sense of the Congress that the remaining 25 percent of the revenues raised by such additional excise tax should be used to reduce the Federal cost of Medicaid and should thereby reduce the Federal deficit.
Bill· HRH.R. 1952 (99th)referred
United States · United States Congress · 3 April 1985
Amends the Internal Revenue Code to exclude from gross income 80 percent of the capital gain on qualified corporate stock where the qualified stock is held for more than two years. Defines "qualified stock" as stock in a corporation where: (1) no more than 25 percent of such corporation's gross receipts for its most recent taxable year consisted of passive investment income; and (2) such corporation is not primarily engaged in the trade or business of holding land.
Bill· HRH.R. 1954 (99th)referred
United States · United States Congress · 3 April 1985
Provides that certain provisions of the Economic Recovery Tax Act of 1981 placing restrictions on the transfer of property to employees shall not apply to specific transfers of stock which occurred during 1973.
Bill· HRH.R. 1955 (99th)referred
United States · United States Congress · 3 April 1985
Amends the Internal Revenue Code to provide that income otherwise eligible to be taken into account in computing the Puerto Rico and possession tax credit shall not be ineligible merely by reason of being received in the United States.
Bill· HRH.R. 1938 (99th)referred
United States · United States Congress · 3 April 1985
Amends the Internal Revenue Code to exclude from gross income any interest credited on a deposit or account in a bank or other financial institution if such interest cannot be withdrawn because of a bankruptcy or other insolvency proceeding.
Bill· HRH.R. 1941 (99th)referred
United States · United States Congress · 3 April 1985
Small Business Investment Incentive Act - Amends the Internal Revenue Code to grant individuals an income tax deduction for purchases of up to $15,000 of small business corporation stock which is sold under a plan conforming to requirements specified by this Act. Defines "small business corporation" as a corporation which is actively engaged in a trade or business and which is not a personal service corporation. Specifies requirements for the sale of small business corporation stock under this Act, including requirements that the corporation's aggregate sales price for such stock not exceed $250,000, that stock must be purchased with cash, and that the proceeds from the sale of such stock must be used by the small business corporation in the active conduct of its trade or business. Permits taxpayers who do not itemize deductions to deduct from gross income purchases of small business stock which qualify under this Act.
Bill· SS. 839 (99th)open
United States · United States Congress · 2 April 1985
Amends the Internal Revenue Code to provide special rules for tax exclusion purposes for determining the value of air transportation provided to an employee by an employer which is not a commercial airline. Sets forth the method of calculating the value of such transportation based on the weight of the aircraft and whether or not the employee is a key employee (an employee who has control over the use, scheduling, or destination of the aircraft).
Bill· SS. 828 (99th)open
United States · United States Congress · 2 April 1985
Amends the Internal Revenue Code with respect to deductions for ordinary and necessary business expenses to provide a special rule for construction workers' travel and transportation expenses. Provides that a job at a site located more than 30 miles from a worker's residence shall be considered: (1) temporary for the first two years of employment at that site; and (2) temporary or not temporary after the first two years based on an examination of all the facts and circumstances. Provides that no deduction shall be disallowed solely because a construction worker's employment at a job site is of indefinite duration. Prohibits the application of the "one-year" rule set forth in Revenue Ruling 83-82, which specifies the length of time which automatically or presumptively classifies the job as other than temporary. Defines "construction worker" for purposes of this Act as any individual employed as a skilled, semiskilled, or unskilled laborer in the building or construction industry.
Bill· HRH.R. 1919 (99th)open
United States · United States Congress · 2 April 1985
Bureau of Indian Affairs Fiscal Accountability Act of 1985 - Requires the Secretary of the Interior (the Secretary) to submit to certain congressional committees an Initial Report on Appropriations Allotment for the Bureau of Indian Affairs. Requires such Report to identify the allotments made to specified Indian programs and activities. Requires such Report to include a certification by the Assistant Secretary of the Interior for Indian Affairs (Assistant Secretary) that funds appropriated to the Bureau of Indian Affairs will be allotted as presented in the Report. Prohibits funds allotted to one activity from being transferred to another activity, except with congressional approval or direction. Permits the Assistant Secretary, with the consent of an Indian tribe, to transfer not more than ten percent of the funds allocated to such activity to another activity. Requires the Secretary to submit a Reconciliation Report on Appropriations Allotment for the Bureau of Indian Affairs to certain congressional committees after each fiscal year. Requires such Report to explain any differences between actual expenditures within a subactivity and the allotment assignment to such subactivity. Requires the Secretary to establish procedures to require Bureau of Indian Affairs officials who have been delegated authority to authorize such expenditures to certify to the Assistant Secretary a schedule of actual expenditures made by such official. Sets forth administrative and criminal penalties for certain officials who violate the transfer provisions of this Act.
Bill· HRH.R. 1884 (99th)open
United States · United States Congress · 2 April 1985
Provides that, for taxable years prior to 1985, rural letter carriers are permitted to compute the amount of the deduction for the use of their automobile in performing services involving the collection and delivery of mail on a rural route by: (1) using the amount received as equipment maintenance allowances from the United States Postal Service; or (2) using the form entitled "Worksheet for Use of Rural Carrier in Reporting Equipment Allowance and Claiming Transportation Expense Deduction." Provides that, for taxable years beginning after 1984, rural letter carriers are permitted to compute the amount of their deduction for use of their automobile in performing such services: (1) by using a standard mileage rate for all such miles of such use equal to 150 percent of the basic standard rate; or (2) by calculating the equipment allowance deduction equal to the operating expenses. Removes the 50 percent of business use limitation contained in the Internal Revenue Code for rural letter carriers who claim the investment tax credit and the depreciation deduction for their automobiles.
Law· HRH.R. 1869 (99th)enacted
United States · United States Congress · 2 April 1985
Amends the Internal Revenue Code to repeal the requirement that contemporaneous records be kept to substantiate deductions for certain travel expenses, including automobile expenses, business entertainment expenses, and expenses for gifts. Repeals the requirement that tax return preparers inform the taxpayer of such recordkeeping requirements. Repeals the special negligence penalty for failure to have written confirmation from the taxpayer that records exist. Repeals any regulations issued by the Secretary of the Treasury to implement the contemporaneous recordkeeping requirements. Provides that there must be sufficient written evidence substantiating the taxpayer's own statement as to such business deductions. Excludes from the recordkeeping requirements any qualified nonpersonal use vehicle. Defines "qualified nonpersonal use vehicle" as any vehicle which, by reason of its nature, is not likely to be used more than a de minimis amount for personal purposes. Provides that an employer may elect to not withhold any tax with respect to any vehicle fringe benefit provided to an employee if the employee is notified that the employer is making such election. Requires the vehicle fringe benefit to be included on the employee's withholding statement. Reduces the amount of the limitation on the investment tax credit for an automobile from $1,000 to $675. Reduces the annual depreciation deductions that are allowed for an automobile to: (1) $3,600 depreciation in the first year (currently the limit is $4,000); and (2) $5,400 depreciation in any subsequent year. (Currently the limit is $6,000.) Provides for a one-year deferral of the annual inflation adjustment of these limits. Requires the Secretary of the Treasury to prescribe regulations by October 1, 1985, to carry out these provisions.
Bill· HRH.R. 1897 (99th)open
United States · United States Congress · 2 April 1985
Onerous Recordkeeping Correction and Taxpayer Relief Act of 1985 - Repeals the requirements added by the Tax Reform Act of 1984 relating to the maintenance of contemporaneous records with respect to: (1) business travel expenses, including automobile expenses; (2) business entertainment expenses; and (3) expenses for gifts.
Bill· HRH.R. 1873 (99th)open
United States · United States Congress · 2 April 1985
National Security Programs Authorization Act for Fiscal Years 1986 and 1987 - Title I: National Security Programs - Authorizes appropriations for the Department of Energy (DOE) for FY 1986 for plant and capital equipment and operating expenses in carrying out national security programs in the following areas: (1) weapons activities; (2) materials production; (3) defense waste and by products management; (4) verification and control technology; (5) nuclear safeguards and security; (6) security investigations; and (7) naval reactors development. Title II: General Provisions - Prohibits the use of funds authorized under this Act where the costs of the program exceed 105 percent of the program authorization or the costs exceed by more than $10,000,000 the amount authorized by this Act, whichever is the lesser. Prohibits the use of funds authorized by this Act for programs which have not been presented to or requested of the Congress unless the Secretary of Energy transmits to the appropriate committees a full and complete statement of the action proposed. Authorizes the Secretary to carry out any general plant project only if the maximum estimated cost of the project does not exceed $1,200,000. Sets forth procedures for the approval of projects which exceed by more than 25 percent their estimated cost, and exempts from such procedures any project which has an estimated cost of less than $5,000,000. Allows the transfer of funds from specified projects to other Government agencies for the performance of work for which the appropriation is made. Authorizes the Secretary to perform construction design services for construction projects in support of national security programs. Permits funds to remain available until expended if so specified in an appropriation Act. Title III: Authorization of Appropriations - Authorizes appropriations for programs under this Act for FY 1987 to the DOE, such funds not to be available before October 1, 1986.
Bill· HRH.R. 1927 (99th)referred
United States · United States Congress · 2 April 1985
Amends the Internal Revenue Code with respect to deductions for ordinary and necessary business expenses to provide a special rule for construction workers' travel and transportation expenses. Provides that a job at a site located more than 30 miles from a worker's residence: (1) shall be considered temporary for the first two years of employment at that site; and (2) shall be considered temporary or not temporary after the first two years based on an examination of all the facts and circumstances. Provides that no deduction shall be disallowed solely because a construction worker's employment at a job site is of indefinite duration. Prohibits the application of the "one-year" rule set forth in Revenue Ruling 59-371, which specifies the length of time which automatically or presumptively classifies the job as other than temporary. Defines "construction worker," for purposes of this Act, as any individual employed as a skilled, semiskilled, or unskilled laborer in the building or construction industry.
Bill· HRH.R. 1914 (99th)referred
United States · United States Congress · 2 April 1985
Amends the Internal Revenue Code to include in foreign base company income any foreign base company manufacturing related income for the taxable year. Defines "foreign base manufacturing related income" as any income derived from the sale of property by a controlled foreign corporation where the property sold was manufactured in any country other than the United States in either a tax holiday plant or in a runaway plant. Defines "tax holiday plant" and "runaway plant." Establishes in the Treasury the Economic Assistance Trust Fund (Trust Fund). Transfers to such Trust Fund 25 percent of the revenues raised due to taxes imposed on such foreign base company manufacturing related income. Authorizes expenditures from such Trust Fund for providing economic assistance in economically depressed areas. Provides that the remaining 75 percent of such revenues shall be used to reduce the public debt.
Bill· HRH.R. 1911 (99th)referred
United States · United States Congress · 2 April 1985
Fair Retirement Act of 1985 - Amends the Internal Revenue Code to allow the income tax deduction for a spousal individual retirement account to be computed on the basis of the compensation of both spouses. Allows such a deduction in an amount equal to the lesser of: (1) $2,000 or; (2) the sum of such individual's compensation and so much of the compensation of the spouse of such individual as exceeds the individual retirement account deduction of such spouse. Provides for annual cost-of-living adjustments to maximum annual individual retirement account contribution limits.
Bill· HRH.R. 1909 (99th)referred
United States · United States Congress · 2 April 1985
Amends the Internal Revenue Code to impose an additional excise tax on gasoline of ten cents per gallon. Provides that such tax shall be in addition to the nine cent per gallon excise tax currently imposed on gasoline. Provides that revenues raised by such additional taxes shall not be transferred to the Highway Trust Fund or the Airport and Airway Trust Fund.
Bill· HRH.R. 1883 (99th)referred
United States · United States Congress · 2 April 1985
Provides that individuals who live in the District of Columbia shall not be required to pay Federal income tax for any period during which the District of Columbia is without representation in the Senate and the House of Representatives.
Bill· HRH.R. 1885 (99th)referred
United States · United States Congress · 2 April 1985
Amends the Internal Revenue Code to exclude from gross income amounts received under a Government pension that are not attributable to services covered under the social security system. Limits such exclusion to the maximum individual social security benefit, one and one-half times such amount for joint returns, or three-fourths of such amount for married individuals filing separately.
Bill· SS. 820 (99th)open
United States · United States Congress · 1 April 1985
Tobacco Users' Health Fee Act of 1985 - Amends the Internal Revenue Code to extend the current rate of the excise tax on cigarettes. (Present law requires a reduction in such tax to take effect on October 1, 1985.) Transfers revenues raised by such extension of the excise tax on cigarettes to the Federal Hospital Insurance Trust Fund (Medicare).
Bill· SS. 813 (99th)open
United States · United States Congress · 28 March 1985
Amends the Natural Gas Pipeline Safety Act of 1968 and the Hazardous Liquid Pipeline Safety Act of 1979 to: (1) authorize appropriations for FY 1986 and 1987; and (2) require that annual reports submitted to the Secretary of Transportation by State agencies having safety jurisdiction over intrastate pipeline transportation include property damage incidents which exceed an amount established by regulation (currently the amount, $5,000, is established by such Act).
Law· SS. 817 (99th)enacted
United States · United States Congress · 28 March 1985
Amends the Earthquake Hazards Reduction Act of 1977 to authorize appropriations through FY 1987 for the following programs: (1) the national earthquake hazards reduction program; (2) geological surveys; (3) the National Science Foundation; and (4) the National Bureau of Standards. Requires the Director of the Federal Emergency Management Agency to maintain a written plan for the earthquake hazards reduction program and submit such plan to the Congress. Declares that such plans shall be updated at least every two years.
Bill· SS. 814 (99th)open
United States · United States Congress · 28 March 1985
Technical Corrections Act of 1985 - Title I: Technical Corrections Related to Tax Reform Act of 1984 - Part A: Amendments Related to Title I of the Act - Makes technical amendments relating to the deferral of certain tax deductions. Makes technical amendments relating to tax-exempt entity leasing provisions. Makes technical amendments and corrections to provisions relating to the treatment of bonds and other debt instruments. Makes technical amendments and corrections to corporate tax provisions. Makes technical amendments and corrections to partnership tax provisions. Makes technical amendments and corrections to trust provisions. Makes technical amendments and corrections to provisions relating to accounting changes. Makes technical amendments and corrections to tax straddle provisions. Makes technical amendments and corrections to depreciation provisions. Makes technical amendments and corrections to foreign tax provisions. Makes technical amendments and corrections to reporting, penalty, and other provisions. Part B: Amendments Related to Title II of the Act - Makes technical amendments and corrections to provisions relating to the taxation of life insurance. Makes technical amendments and corrections to provisions relating to life insurance reserve. Makes technical amendments and corrections to special rules for insurance companies using the net level reserve method for noncancellable accident and health insurance contracts. Repeals Section 218 of the Tax Reform Act of 1984 relating to underpayment of estimated tax by a corporation. Makes technical amendments and corrections to provisions relating to the definition of life insurance contracts. Makes technical amendments and corrections to provisions relating to the treatment of certain annuity contracts. Makes technical amendments and corrections to provisions relating to the treatment of group-term life insurance purchased for employees. Makes technical amendments to provisions relating to the treatment of certain exchanges of insurance policies. Waives any interest on certain underpayment of tax resulting from provisions of Title II of the Tax Reform Act of 1984. Part C: Amendments Related to Title III of the Act - Makes technical amendments and corrections to provisions relating to the reduction in excise tax on investment income where private foundations meet certain distribution requirements. Makes technical amendments to provisions relating to the conducting of certain games of chance not treated as unrelated trade or business. Part D: Amendments Related to Title IV of the Act - Revises special rules concerning installment payments of estimated tax by nonresident aliens. Makes technical corrections to provisions related to the transfer of property between spouses or incident to divorce. Makes technical corrections to provisions related to the alternative minimum tax. Part E: Amendments Related to Title V of the Act - Makes technical corrections relating to welfare benefit plan provisions. Amends provisions relating to special limitations on reserves for medical benefits or life insurance benefits provided to retired employees. Sets forth certain exceptions and special rules for collective bargaining plans. Makes technical and conforming amendments to pension plan provisions. States that distributions from individual retirement accounts or annuities must begin at age 70 and 1/2. Provides an exemption for pre-1985 accumulations from the penalties on premature distributions received by a five-percent owner of certain retirement plans. Makes technical and conforming amendments to fringe benefit provisions. Sets forth transitional rules for collective bargaining agreements related to cafeteria plans. Sets forth special rules for the treatment of telephone concession service for certain retirees. Makes technical and conforming amendments relating to employee stock ownership plans. Part F: Amendments Related to Title VI of the Act - Authorizes the Secretary of the Treasury to allow an extension of time for the publishing of policy statements for mortgage subsidy bond programs. Revises certain requirements related to qualified mortgage credit certificate programs. Allows an issuer of certain veterans' mortgage bonds to issue advance refunding bonds with respect to such applicable mortgage bonds. Limits the amount of advanced refunding bonds which may be issued. Requires that facilities financed by certain industrial development bonds must be located within the State of issuance of such bonds. Allows an exception for certain facilities where the State will receive a proportionate share of the benefits of such facilities. Clarifies general effective dates for certain provisions relating to tax-exempt bonds. Part G: Miscellaneous Provisions - Makes technical and conforming amendments relating to special rules concerning key employees eligible for a distribution from an employee retirement plan. Revises definitions and makes technical amendments relating to non-exempt foreign trade income. Revises rules concerning the income tax deduction for dividends received for certain distributions from a foreign sales corporation. Makes technical and conforming amendments relating to interest on Domestic International Sales Corporation (DISC) deferred tax liability and the tax exemption of accumulated DISC income. Makes technical amendments relating to the income tax credit for certain uses of gasoline and special fuels. Waives certain tax penalties with respect to any underpayment of estimated tax before April 16, 1985, to the extent such underpayment was created or increased by any provision of the Tax Reform Act of 1984. Amends the definition of "rare disease or condition" for purposes of the income tax credit for the production of orphan drugs. Revises certain requirements with respect to returns and records relating to certain fringe benefits. Repeals requirements that the Joint Committee on Taxation must report annually to the Congress concerning reports of certain refunds and credits. Part H: Effective Date - Provides that any amendments made by this title shall take effect as if included in the Tax Reform Act of 1984, except as otherwise provided by this title. Title II: Technical Corrections in Other Programs Affected by Deficit Reduction Act of 1984 - Part A: Amendments Related to Social Security Act Programs - Clarifies certain exceptions for members of certain religious faiths and the treatment of income of certain church employees for purposes of the social security tax on self-employment income. Makes technical corrections relating to the enrollment and premium penalty under the Medicare working aged provision. Makes specified technical corrections in other provisions related to Social Security Act Program. Part B: Amendments Related to Unemployment Compensation Program - Makes technical corrections in the Federal Unemployment Tax Act. Part C: Amendments Related to Trade and Tariff Programs - Amends the Tariff Schedules of the United States to make technical corrections to telecommunications products classifications and to the Appendix. Amends the Tariff Act of 1930 to make technical corrections to countervailing and antidumping duty provisions. Makes technical amendments to the Trade Act of 1974 and the Tariff Act of 1930. Makes technical amendments to the Trade and Tariff Act of 1984. Makes technical amendments to the Caribbean Basin Economic Recovery Act. Sets forth special effective date provisions for certain articles given duty-free treatment under the Trade and Tariff Act of 1984.
Bill· SS. 796 (99th)open
United States · United States Congress · 28 March 1985
National Bureau of Standards Authorization Act for FY 1986 - Authorizes appropriations for FY 1986 to the Secretary of Commerce for the following activities performed by the National Bureau of Standards (the Bureau): (1) measurement research and standards; (2) materials science and engineering; (3) engineering measurements and standards; (4) computer science and technology; (5) Center for Fire Research; (6) technical competence fund; and (7) central technical support. Authorizes appropriations for FY 1986 to the Secretary for the activities of the Office of Productivity, Technology and Innovation. Amends Federal law relating to the National Technical Information Service (the Service) to authorize the Secretary to: (1) make scientific, technical, and engineering information available through the Service without regard to specified Federal requirements that Government printing and binding be done at the Government Printing Office; and (2) acquire capital equipment and inventories from receipts for work or services performed or to be performed by the Service. Authorizes additional appropriations for FY 1986 to the Secretary for: (1) the Service's patent licensing activities; (2) the Bureau's expenses incurred outside the United States (to be paid for in excess foreign currency); and (3) adjustments in salary, pay, retirement, and other employee benefits. Provides that appropriations made under the authority provided in this Act shall remain available for periods specified in the Acts making such appropriations. Requires that sufficient income from the Working Capital Fund remain outside the general fund of the Treasury to ensure the availability of working capital necessary to replace equipment and inventories of the Bureau. Requires that fees for specified services provided by the Bureau be at least sufficient to meet these and specified other capital requirements. Provides that the Director of the Bureau shall be compensated at the rate for level IV of the Executive Schedule. Authorizes the Bureau, on its own initiative but only after consultation with local authorities, to investigate structural failures in structures used or occupied by the general public. Prohibits any part of any report resulting from such investigation from being admitted as evidence or used in any suit or action for damages arising out of any matter mentioned in such report.
Bill· SS. 779 (99th)open
United States · United States Congress · 28 March 1985
Family Care Act of 1985 - Amends the Internal Revenue Code to allow a refundable income tax credit for expenses incurred for qualified elderly care expenses for a qualifying family member. Allows an income tax credit of 30 percent of the expenses incurred for taxpayers with incomes of $10,000 or less. Reduces the rate of such credit, but not below 20 percent, by one percent for each $2,000 of taxpayer income in excess of $10,000. Limits such credit to taxpayers with an adjusted gross income of less than $50,000. Imposes a maximum $7,000 limit on the amount of elderly care expenses taken into account. Defines "qualified family member" as any individual who: (1) is related to the taxpayer by blood or marriage; (2) is at least 75 years of age (or diagnosed with senile dementia of the Alzheimer type); and (3) has a family income of $15,000 or less. Defines "qualified elderly care expenses" as payments for: (1) home health agency services; (2) homemaker services; (3) adult day care; (4) respite care; or (5) certain health care equipment and supplies.
Bill· SS. 785 (99th)reported
United States · United States Congress · 28 March 1985
United States Information Agency Authorization Act, Fiscal Years 1986 and 1987 - Authorizes appropriations for FY 1986 and 1987 for the U.S. Information Agency.
Bill· SS. 800 (99th)open
United States · United States Congress · 28 March 1985
Amends the Internal Revenue Code to increase the maximum dollar amount limitation to $2,000 on deductions allowed for contributions to an individual retirement account of a spouse and to provide that the deduction for the individual retirement account shall be computed for married individuals on the basis of their combined compensation.
Bill· SS. 784 (99th)open
United States · United States Congress · 28 March 1985
Amends the Internal Revenue Code to exclude from gross income the value of lodging located in the proximity of an educational institution and rented by such institution to its employees at cost.
Law· HRH.R. 1784 (99th)enacted
United States · United States Congress · 28 March 1985
Panama Canal Commission Authorization Act, Fiscal Year 1986 - Authorizes funds to be appropriated from the Panama Canal Commission Fund to the Panama Canal Commission for FY 1986 for operating expenses, including a specified maximum amount for capital outlay. Authorizes additional appropriations for FY 1986 for increases in employee benefits, for payments to Panama, and for increased fuel costs.
Bill· HRH.R. 1800 (99th)open
United States · United States Congress · 28 March 1985
Technical Corrections Act of 1985 - Title I: Technical Corrections Related to Tax Reform Act of 1984 - Part A: Amendments Related to Title I of the Act - Makes technical amendments relating to the deferral of certain tax deductions. Makes technical amendments relating to tax-exempt entity leasing provisions. Makes technical amendments and corrections to provisions relating to the treatment of bonds and other debt instruments. Makes technical amendments and corrections to corporate tax provisions. Makes technical amendments and corrections to partnership tax provisions. Makes technical amendments and corrections to trust provisions. Makes technical amendments and corrections to provisions relating to accounting changes. Makes technical amendments and corrections to tax straddle provisions. Makes technical amendments and corrections to depreciation provisions. Makes technical amendments and corrections to foreign tax provisions. Makes technical amendments and corrections to reporting, penalty, and other provisions. Part B: Amendments Related to Title II of the Act - Makes technical amendments and corrections to provisions relating to the taxation of life insurance. Makes technical amendments and corrections to provisions relating to life insurance reserve. Makes technical amendments and corrections to special rules for insurance companies using the net level reserve method for noncancellable accident and health insurance contracts. Repeals Section 218 of the Tax Reform Act of 1984 relating to underpayment of estimated tax by a corporation. Makes technical amendments and corrections to provisions relating to the definition of life insurance contracts. Makes technical amendments and corrections to provisions relating to the treatment of certain annuity contracts. Makes technical amendments and corrections to provisions relating to the treatment of group-term life insurance purchased for employees. Makes technical amendments to provisions relating to the treatment of certain exchanges of insurance policies. Waives any interest on certain underpayment of tax resulting from provisions of Title II of the Tax Reform Act of 1984. Part C: Amendments Related to Title III of the Act - Makes technical amendments and corrections to provisions relating to the reduction in excise tax on investment income where private foundations meet certain distribution requirements. Makes technical amendments to provisions relating to the conducting of certain games of chance not treated as unrelated trade or business. Part D: Amendments Related to Title IV of the Act - Revises special rules concerning installment payments of estimated tax by nonresident aliens. Makes technical corrections to provisions related to the transfer of property between spouses or incident to divorce. Makes technical corrections to provisions related to the alternative minimum tax. Part E: Amendments Related to Title V of the Act - Makes technical corrections relating to welfare benefit plan provisions. Amends provisions relating to special limitations on reserves for medical benefits or life insurance benefits provided to retired employees. Sets forth certain exceptions and special rules for collective bargaining plans. Makes technical and conforming amendments to pension plan provisions. States that distributions from individual retirement accounts or annuities must begin at age 70 and 1/2. Provides an exemption for pre-1985 accumulations from the penalties on premature distributions received by a five-percent owner of certain retirement plans. Makes technical and conforming amendments to fringe benefit provisions. Sets forth transitional rules for collective bargaining agreements related to cafeteria plans. Sets forth special rules for the treatment of telephone concession service for certain retirees. Makes technical and conforming amendments relating to employee stock ownership plans. Part F: Amendments Related to Title VI of the Act - Authorizes the Secretary of the Treasury to allow an extension of time for the publishing of policy statements for mortgage subsidy bond programs. Revises certain requirements related to qualified mortgage credit certificate programs. Allows an issuer of certain veterans' mortgage bonds to issue advance refunding bonds with respect to such applicable mortgage bonds. Limits the amount of advanced refunding bonds which may be issued. Requires that facilities financed by certain industrial development bonds must be located within the State of issuance of such bonds. Allows an exception for certain facilities where the State will receive a proportionate share of the benefits of such facilities. Clarifies general effective dates for certain provisions relating to tax-exempt bonds. Part G: Miscellaneous Provisions - Makes technical and conforming amendments relating to special rules concerning key employees eligible for a distribution from an employee retirement plan. Revises definitions and makes technical amendments relating to non-exempt foreign trade income. Revises rules concerning the income tax deduction for dividends received for certain distributions from a foreign sales corporation. Makes technical and conforming amendments relating to interest on Domestic International Sales Corporation (DISC) deferred tax liability and the tax exemption of accumulated DISC income. Makes technical amendments relating to the income tax credit for certain uses of gasoline and special fuels. Waives certain tax penalties with respect to any underpayment of estimated tax before April 16, 1985, to the extent such underpayment was created or increased by any provision of the Tax Reform Act of 1984. Amends the definition of "rare disease or condition" for purposes of the income tax credit for the production of orphan drugs. Revises certain requirements with respect to returns and records relating to certain fringe benefits. Repeals requirements that the Joint Committee on Taxation must report annually to the Congress concerning reports of certain refunds and credits. Part H: Effective Date - Provides that any amendments made by this title shall take effect as if included in the Tax Reform Act of 1984, except as otherwise provided by this title. Title II: Technical Corrections in Other Programs Affected by Deficit Reduction Act of 1984 - Part A: Amendments Related to Social Security Act Programs - Clarifies certain exceptions for members of certain religious faiths and the treatment of income of certain church employees for purposes of the social security tax on self-employment income. Makes technical corrections relating to the enrollment and premium penalty under the Medicare working aged provision. Makes specified technical corrections in other provisions related to Social Security Act Program. Part B: Amendments Related to Unemployment Compensation Program - Makes technical corrections in the Federal Unemployment Tax Act. Part C: Amendments Related to Trade and Tariff Programs - Amends the Tariff Schedules of the United States to make technical corrections to telecommunications products classifications and to the Appendix. Amends the Tariff Act of 1930 to make technical corrections to countervailing and antidumping duty provisions. Makes technical amendments to the Trade Act of 1974 and the Tariff Act of 1930. Makes technical amendments to the Trade and Tariff Act of 1984. Makes technical amendments to the Caribbean Basin Economic Recovery Act. Sets forth special effective date provisions for certain articles given duty-free treatment under the Trade and Tariff Act of 1984.
Bill· HRH.R. 1798 (99th)open
United States · United States Congress · 28 March 1985
Department of Energy Civilian Research and Development Authorization Act for Fiscal Years 1986, 1987, and 1988 - Title I: Authorization for Fiscal Year 1986 - Authorizes appropriations for FY 1986 for the operating expenses of the following Department of Energy civilian research and development programs: (1) the fossil energy program; (2) the energy conservation program; (3) the energy supply research and development programs associated with solar energy, geothermal energy, supporting research and technical analysis, and environmental research and development; (4) the geothermal resources development fund; (5) general science and research; (6) the nuclear fission energy program; (consisting of converter reactor systems, advanced nuclear systems, breeder reactor systems and nuclear waste technology); (7) the magnetic fusion energy program; and (8) electric energy systems and energy storage systems. Authorizes appropriations for capital equipment expenses not related to construction for the following Department of Energy civilian research and development programs: (1) the fossil energy program; (2) the energy conservation program; (3) the energy supply research and development programs associated with solar energy, geothermal energy, supporting research and technical analysis, environmental research and development, nuclear fission energy, magnetic fusion, and electric energy systems and energy storage systems; and (4) general science and research. Authorizes appropriations to the Department of Energy for plant and capital equipment for specified prior year civilian research and development projects with respect to: (1) energy conservation; and (2) supporting research. Authorizes appropriations to the Department of Energy for plant and capital equipment for specified new civilian research and development projects with respect to: (1) fossil energy; (2) solar energy; (3) supporting research; (4) the environment; (5) nuclear fission; (6) magnetic fusion; and (7) general science. Title II: Authorization for Fiscal Years 1987 and 1988 - Authorizes appropriations for FY 1987 and 1988 for the operating expenses of the following Department of Energy civilian research and development activities: (1) fossil energy research and development; (2) energy conservation research and development; (3) energy supply research and development; (4) the geothermal resources development fund; (5) general science and research; and (6) uranium enrichment research and development. Authorizes appropriations to the Department of Energy for plant and capital equipment for: (1) fossil energy construction; (2) specified energy supply research and development projects; and (3) general science and research activities. Title III: General Provisions - Sets forth restrictions on the use of funds authorized under this Act. Requires the Secretary of Energy to review the recommendations of the President's Private Sector Survey on Cost Control on specified nuclear energy civilian programs and to report to the Congress within a specified time on the implementation status of such recommendations.
Bill· HRH.R. 1839 (99th)open
United States · United States Congress · 28 March 1985
Repeals the requirement added by the Tax Reform Act of 1984 relating to the maintenance of contemporaneous records with respect to: (1) business travel expenses, including automobile expenses; (2) business entertainment expenses; and (3) expenses for gifts. Treats as nontaxable fringe benefits the use by eligible employees of law enforcement, firefighting, emergency services, or other vehicles used to provide public safety where such vehicle use is required by the United States, a State, a political subdivision, or the District of Columbia.
Bill· HRH.R. 1799 (99th)referred
United States · United States Congress · 28 March 1985
Department of Energy Civilian Energy Programs Authorization Act for Fiscal Years 1986, 1987, and 1988 - Title I: Authorization for Energy Research and Development Programs for Fiscal Year 1986 - Authorizes appropriations for FY 1986 for the operating expenses of the following Department of Energy civilian research and development programs: (1) the fossil energy program; (2) the energy conservation program; (3) the energy supply research and development programs associated with solar energy, geothermal energy, supporting research and technical analysis, environmental research and development, and policy and management of energy research; (4) the geothermal resources development fund; (5) general science and research; (6) the nuclear fission energy program (consisting of converter reactor systems, advanced nuclear systems, breeder reactor systems, nuclear waste, and uranium enrichment research and development); (7) the magnetic fusion energy program; and (8) electric energy systems and energy storage systems. Authorizes appropriations for capital equipment expenses not related to construction for the following Department of Energy civilian research and development programs: (1) the fossil energy program; (2) the energy conservation program; (3) the energy supply research and development programs associated with solar energy, geothermal energy, supporting research and technical analysis, environmental research and development, nuclear fission energy, magnetic fusion, and electric energy systems and energy storage systems; and (4) general science and research. Authorizes appropriations to the Department of Energy for plant and capital equipment for specified prior year civilian research and development projects with respect to: (1) energy conservation; (2) supporting research; (3) nuclear fission; (4) magnetic fusion; and (5) general science. Authorizes appropriations to the Department of Energy for plant and capital equipment for specified new civilian research and development projects with respect to: (1) fossil energy; (2) solar energy; (3) supporting research; (4) the environment; (5) nuclear fission; (6) magnetic fusion; and (7) general science. Title II: Authorization for Fiscal Years 1987 and 1988 - Authorizes appropriations for FY 1987 and 1988 for the operating expenses of the following Department of Energy civilian research and development activities: (1) fossil energy research and development; (2) energy conservation research and development; (3) energy supply research and development; (4) the geothermal resources development fund; (5) general science and research; and (6) uranium enrichment research and development. Authorizes appropriations to the Department of Energy for FY 1987 and 1988 for plant and capital equipment for: (1) fossil energy construction; (2) specified energy supply research and development projects; and (3) specified general science and research projects. Title III: Authorization for Other Activities for Fiscal Year 1986 - Authorizes appropriations to the Department of Energy for FY 1986 for: (1) the energy conservation program; (2) the energy supply research and development programs associated with solar energy, hydropower, nuclear energy, remedial action, nuclear waste technology, and low level waste; (3) uranium supply and enrichment activities; (4) the Nuclear Waste Fund; (5) supporting services; and (6) departmental administration. Authorizes appropriations for capital equipment not related to construction for: (1) nuclear energy research and development; (2) uranium supply and enrichment activities; (3) the Nuclear Waste Fund; (4) supporting services; and (5) departmental administration. Authorizes appropriations to the Department of Energy for plant and capital equipment for specified prior year uranium supply and enrichment projects and supporting service projects and for specified new uranium supply and enrichment projects and supporting service projects. Title IV: Authorization for Other Activities for Fiscal Years 1987 and 1988 - Authorizes appropriations for FY 1987 and 1988 for the operating expenses of the following Department of Energy civilian energy activities: (1) energy conservation; (2) energy supply research and development; (3) uranium supply and enrichment; (4) the Nuclear Waste Fund; (5) supporting services; and (6) departmental administration. Authorizes appropriations to the Department of Energy for FY 1987 and 1988 for plant and capital equipment for specified uranium supply and enrichment projects and for specified supporting service projects. Title V: General Provisions - Sets forth restrictions on the use of funds authorized under this Act. Requires the Secretary of Energy to review the recommendations of the President's Private Sector Survey on Cost Control on specified nuclear energy civilian programs (including nuclear waste fund programs) and to report to the Congress on the implementation status of such recommendations within a specified time.
Bill· HRH.R. 1836 (99th)referred
United States · United States Congress · 28 March 1985
Amends the Internal Revenue Code to treat the use of a schoolbus by an eligible employee or the use of a public safety vehicle by a public safety employee as a working condition fringe for purposes of the tax exclusion of certain employee fringe benefits. Defines "public safety employee" to include any person working in law enforcement, fire protection, or emergency medical services.
Bill· HRH.R. 1826 (99th)referred
United States · United States Congress · 28 March 1985
Tax Collection Cost Cutting Act of 1985 - Expresses the sense of the Congress that appropriations should be increased for the Internal Revenue Service (IRS) to provide an additional 2,500 examination personnel in each of FY 1986, 1987, and 1988. Expresses the sense of the Congress that for FY 1986 an additional $17,000,000 should be appropriated for use in the Information Returns Program for contacting persons who underreport income. Revises standards for inputting paper documents for computerized matching for purposes of the Information Returns Program. Requires the Secretary of the Treasury to submit an annual report to each House of the Congress on the direct and indirect effects of the enforcement presence of the IRS. Specifies requirements for such report. Repeals the ten-day grace period for filing of returns and payment of excise taxes on tobacco products and cigarette papers and tubes.
Bill· HRH.R. 1804 (99th)referred
United States · United States Congress · 28 March 1985
Amends the Internal Revenue Code to treat as paid by December 31 of the calendar year any amounts paid by a taxpayer to a financial institution in connection with a mortgage loan for payment of State or local real property taxes if such taxes are paid by the financial institution within 45 days after the close of the calendar year.
Bill· HRH.R. 1807 (99th)referred
United States · United States Congress · 28 March 1985
Amends the Internal Revenue Code to repeal the tax credit for political contributions made to political action committees.
Bill· HRH.R. 1805 (99th)referred
United States · United States Congress · 28 March 1985
Amends the Internal Revenue Code to permit States and local governments to provide statements of tax refunds, credits, and offsets to individuals at any time during the calendar year for which such governments make a return, but not later than January 31 of the year following the year of the return. (Current law requires such statements to be furnished in January of the year following the year of the return.)
Bill· HRH.R. 1791 (99th)referred
United States · United States Congress · 28 March 1985
Employee Health Care Cost Reduction Act - Amends the Internal Revenue Code to allow trustees of individual retirement accounts maintained for the benefit of employees to extend credit for the payment of medical expenses, with such accounts as security for such credit. Allows such extension of credit only in cases where the individual agrees to accept a high-deductible option under a group health insurance plan offered by the employer of such individual in return for contributions by the employer to such account.
Bill· HRH.R. 1775 (99th)open
United States · United States Congress · 27 March 1985
Superfund Revenue Reauthorization Act of 1985 - Amends the Internal Revenue Code to reduce the environmental excise tax on petroleum from 0.79 cent per barrel to 0.17 cent per barrel. Extends such tax from September 30, 1985, to September 30, 1990. Allows for an earlier suspension of such tax if the unobligated balance in the Hazardous Substance Superfund exceeds specified levels. Revises the rate of the environmental excise tax imposed on certain chemicals. Imposes such tax on additional chemicals not presently taxed. Provides for annual inflation adjustments in the amount of such tax. Allows an exemption from such tax for chemicals sold for export. Sets forth special rules and certain exemptions for specified chemicals. Repeals the present environmental excise tax on hazardous waste. Amends the Hazardous Substance Response Revenue Act of 1980 and the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA) to repeal provisions relating to the Post-Closure Liability Trust Fund. Imposes an environmental excise tax on any imported substance which is directly and substantially manufactured or produced from raw materials or feedstocks consisting of one or more taxable chemicals. Imposes an environmental excise tax on: (1) the receipt of hazardous waste at a qualified waste management unit; and (2) the receipt of hazardous waste for transport from the United States for the purpose of ocean disposal. Sets forth the rate of such tax. Provides that such tax shall be paid: (1) by the owner or operator of the qualified hazardous waste management unit for land disposal; or (2) by the person holding the permit for transport for ocean disposal. Terminates such tax after March 31, 1991. Allows for an earlier termination based on revenues raised by such tax. Exempts from such tax any receipt of hazardous waste pursuant to any removal or remedial action under CERCLA if: (1) such action is approved by the Administrator of the Environmental Protection Agency; and (2) the release, or threatened release, of the hazardous substance which caused such removal or remedial action occurred before October 1, 1985. Allows a credit or refund of such tax for any hazardous waste which undergoes a qualified treatment. Imposes an environmental excise tax on the generator of hazardous waste if no tax has been imposed on the receipt of such waste within the 270-day period beginning on the day after such waste was generated. Authorizes the Secretary of the Treasury to adjust the rates of such environmental excise taxes if the Secretary determines that there will be a cumulative short fall for specified fiscal years. Sets forth the method for prescribing such adjustment based on aggregate revenue targets for specified fiscal years. Requires persons responsible for the payment of such environmental taxes to submit such information to the Secretary as may be required by regulation. Sets forth penalties for failure to provide such information. Establishes within the Treasury the Hazardous Substance Superfund (Superfund). Transfers to such Superfund amounts equivalent to: (1) revenues raised by environmental excise taxes; (2) amounts recovered on behalf of the Superfund under CERCLA: (3) amounts recovered or collected under certain provisions of the Clean Water Act; (4) certain penalties assessed under CERCLA; and (5) certain punitive damages assessed under CERCLA. Authorizes expenditures from such Superfund to carry out certain purposes specified in CERCLA. Limits the liability of the United States for any claim filed against the Superfund to the amount in such Superfund. Authorizes appropriations to such Superfund for FY 1986 through 1990. Provides that the Superfund shall be treated for all purposes of law as a continuation of the Hazardous Substance Response Trust Fund as established by the Hazardous Substance Response Revenue Act of 1980.
Bill· HRH.R. 1770 (99th)referred
United States · United States Congress · 27 March 1985
Health Insurance Availability Act of 1985 - Amends the Internal Revenue Code to impose a ten percent excise tax on the amount of employee health expenses paid or incurred by a large employer who is not a member of a qualified State pooling association. Defines a "qualified pooling association" as an organization which: (1) is a nonprofit corporation established pursuant to and regulated by State law; (2) has specified types of insurers and other health financing entities as participating members; (3) makes available specified levels of health insurance to all residents of the State not eligible for Medicare; (4) charges a specified pool premium rate; and (5) assesses losses of the pool equitably among all participating members.
Bill· HRH.R. 1762 (99th)referred
United States · United States Congress · 27 March 1985
Amends the Internal Revenue Code to exempt bonds for solid waste disposal facilities from the volume limitation on the issuance of tax-exempt private activity bonds.
Bill· HRH.R. 1767 (99th)referred
United States · United States Congress · 27 March 1985
Amends the Deficit Reduction Act of 1984 to exclude from gross income for Federal income tax purposes the interest on any federally-guaranteed obligation issued to finance a solid waste disposal facility (to the extent that the aggregate of the face amounts of such obligations does not exceed a specified amount) if a State public authority has committed facility development funds, expended such funds, and issued the obligation by specified dates.
Bill· HRH.R. 1765 (99th)referred
United States · United States Congress · 27 March 1985
Amends the Internal Revenue Code to allow contributions to tax-exempt social welfare organizations to be deducted for gift and estate tax purposes.
Bill· SS. 729 (99th)open
United States · United States Congress · 26 March 1985
Amends the Internal Revenue Code to establish an applicable test rate of nine percent for determining whether there is imputed interest in the case of seller-financed property. Permits a lower test interest rate of 80 percent of the Federal Treasury rate where such rates are lower than the nine percent test rate. Provides for a blended test rate for instances where the loan amount exceeds $4,000,000. Authorizes the imputation of interest in seller-financed property sales of $4,000,000 or less of ten percent or 110 percent of the Federal Treasury rates, whichever is less, where the test interest rates have not been met. Allows for a blended imputed interest rate where the debt amount exceeds $4,000,000. Requires that all loan amounts from a single transaction or series of related transactions be aggregated for purposes of determining the loan amount. Provides that the imputed interest rules will not apply to assumptions of loans unless the terms and conditions of such debt obligations are modified in connection with the assumption. Repeals the provisions of the Code limiting the amount of interest expense a purchaser of personal use property may deduct for tax purposes. Excepts debt instruments arising from the sale or exchange of a residence from the imputed interest provisions where the obligor of the instrument uses the property as his residence. Provides that the imputed interest rules shall not apply in the case of sales or exchanges of property where the borrowed amount does not exceed $4,000,000. Requires the interest on the obligation issued in connection with such sales or exchanges to be taken into account by both the buyer and the seller on the cash receipts and disbursement method of accounting unless both buyer and seller agree to use the accrual receipts and disbursement method of accounting.
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