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Subjects · United States

Taxation

Records whose title is actually about this topic. Use a country filter if the list is still too broad.

465 records in US in 1990

Records

Bill· SS. 2025 (101st)referred

A bill to amend the Internal Revenue Code of 1986 to make permanent certain expiring tax provisions.

United States · United States Congress · 25 January 1990

Amends the Internal Revenue Code to make the following provisions permanent law: (1) the exclusion from gross income of employer-provided educational assistance; (2) the exclusion from gross income of amounts received under group legal services plans; (3) the targeted jobs tax credit; (4) mortgage revenue bonds; (5) small issue bonds issued to finance manufacturing facilities and farm property; (6) the investment tax credit for solar, geothermal, and ocean thermal property; (7) the special rules for health insurance costs of self-employed individuals; (8) the low-income housing credit; (9) the credit for increasing research activities; (10) the allocation of research and experimental expenditures; (11) the credit for clinical testing expenses for certain drugs for rare diseases or conditions; and (12) the credit for producing fuel from a nonconventional source. Amends the Economic Recovery Tax Act of 1981 to make permanent the authorization of appropriations in connection with the credit.

Bill· SS. 2023 (101st)referred

A bill to amend the Internal Revenue Code of 1986 to provide for the establishment of family savings accounts, to provide that the earnings on such accounts will not be taxable, and for other purposes.

United States · United States Congress · 25 January 1990

Amends the Internal Revenue Code to allow the establishment of tax-exempt family savings accounts. Limits contributions to such accounts to $2,000 per year. Allows distributions from such accounts for retirement, death benefits, and disability. Allows special purpose distributions for: (1) first-time homebuyer expenses; and (2) educational expenses.

Bill· SS. 2026 (101st)referred

Social Security Benefits Enhancement Act

United States · United States Congress · 25 January 1990

Social Security Benefits Enhancement Act - Amends the Internal Revenue Code to establish social security family savings plan accounts under provisions governing pension, profit-sharing, and stock bonus plans. Allows special purpose distributions from such accounts for first-time homebuyers and higher education expenses. Reduces social security employment taxes by the amount of employee and employer contributions to such accounts.

Law· HRH.R. 3897 (101st)enacted

To authorize appropriations for the Administrative Conference of the United States for fiscal years 1991, 1992, 1993, and 1994, and for other purposes.

United States · United States Congress · 25 January 1990

Authorizes appropriations for the Administrative Conference of the United States for FY 1991 through 1994. Increases the amount available for official representation and entertainment expenses for foreign dignitaries. Revises the powers and organization of the Conference with respect to relations with administrative agencies.

Bill· HRH.R. 3900 (101st)referred

Family Education Assistance Act of 1990

United States · United States Congress · 25 January 1990

Family Education Assistance Act of 1990 - Amends the Internal Revenue Code to allow an individual income tax deduction for contributions to a savings account established to pay the educational expenses (tuition, supplies, meals, and lodging) of the taxpayer's child or certain other relatives at an institution of higher education or a vocational school. Limits the deduction to $1,500 annually (adjusted for inflation) for each account. Disallows the deduction for contributions to an account maintained for any individual aged 19 or older. Requires any account balance to be distributed after the beneficiary attains age 27. Permits an exclusion from the gross income of the contributor or the beneficiary of account distributions used to pay educational expenses of the latter. Exempts an account from taxation (except for the tax on unrelated business income of a charitable organization), unless a contributor or the beneficiary engages in specified prohibited transactions in connection with it. Imposes a ten percent surtax on distributions not used for educational purposes. Requires the account trustee to report to the Secretary of the Treasury and to the account's beneficiary concerning the account. Imposes a penalty for failure to report. Allows taxpayers who do not otherwise itemize deductions to deduct for contributions to an education savings account. Imposes penalty taxes in connection with excess contributions or prohibited transactions associated with an account.

Bill· HRH.R. 3902 (101st)referred

Employer-Provided Tuition Assistance Act of 1990

United States · United States Congress · 25 January 1990

Employer-Provided Tuition Assistance Act of 1990 - Repeals provisions of the Internal Revenue Code that: (1) terminated the income tax exclusion of amounts paid under employee educational assistance programs as of tax year 1989; and (2) deny benefits in connection with graduate work. Increases the maximum amount of such tax exclusion. Provides a cost-of-living adjustment of such tax exclusion after calendar year 1991.

Bill· HRH.R. 3869 (101st)referred

To provide that no interest shal be imposed on any underpayment of tax resulting from the retroactive application of the amendment denying the deduction for personal exemptions under the alternative minimum tax.

United States · United States Congress · 23 January 1990

Provides that no interest shall be imposed on any underpayment of tax for a taxable year beginning in 1987 that is attributable to an amendment made by the Technical and Miscellaneous Revenue Act of 1988 denying the deduction for personal exemptions under the alternative minimum tax.

Bill· HRH.R. 3856 (101st)referred

To amend the Internal Revenue Code of 1986 to impose an excise tax on windfall profits derived from home heating oil, and for other purposes.

United States · United States Congress · 23 January 1990

Amends the Internal Revenue Code to impose a 90-percent excise tax on the windfall profit from home heating oil sold by the producer or importer, who shall pay the tax. Establishes the Home Heating Oil Trust Fund and appropriates to it the excise taxes received from home heating oil windfall profits. Makes amounts in such Fund available for grants under the Low-Income Home Energy Assistance Act of 1981.

Bill· HRH.R. 3858 (101st)referred

To amend the Internal Revenue Code of 1986 to provide that income of a child which is to be used for the child's educational expenses shall be taxed at the child's rates and not the parent's rates.

United States · United States Congress · 23 January 1990

Amends the Internal Revenue Code to provide that income from any property of a child shall not be included in the net unearned income of the child for tax purposes if such income is used for the child's educational expenses. Establishes an excise tax if such amounts are used for any purpose other than the taxpayer's educational expenses. Requires such amounts to be used before the end of the taxable year in which the taxpayer attains age 24.

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