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501 records in US in 2005

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Bill· HRH.R. 3080 (109th)referred

Parents' Tax Relief Act of 2005

United States · United States Congress · 27 June 2005

Parents' Tax Relief Act of 2005 - Amends the Internal Revenue Code to: (1) provide for a minimum tax credit for household and dependent care services for dependents under the age of six; (2) increase to $5,000 the amount of the personal tax exemption; (3) eliminate the marriage penalty in all income tax brackets; (4) establish a standard tax deduction for expenses related to business usage of a home; (5) make permanent increases in the child tax credit and adjust the amount of such credit for inflation on an annual basis after 2005; (6) allow employers a tax credit for employees who telecommute; and (7) allow an exclusion from employee gross income for employer-provided computer equipment used to work at home. Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to award social security credits to parents who stay at home, instead of working outside the home, to care for children who are either under age six or under age 10 and disabled. Authorizes transfers from the general fund to specified Social Security trust funds to cover the cost of such credits.

Bill· HRH.R. 3075 (109th)referred

Comprehensive Health Care Reform Act of 2005

United States · United States Congress · 27 June 2005

Comprehensive Health Care Reform Act of 2005 - Amends the Internal Revenue Code to: (1) revise the tax credit for the health insurance costs of a taxpayer, the taxpayer's spouse, and dependents; (2) permit up to $500 of unused health benefits under a health flexible spending arrangement to be carried over to a succeeding plan year or paid directly to an employee as compensation; (3) revise the tax deduction for payments to a health savings account; and (4) repeal the 7.5 percent threshold limitation on the tax deduction of medical and dental expenses.

Bill· HRH.R. 3076 (109th)referred

Freedom From Unnecessary Litigation Act of 2005

United States · United States Congress · 27 June 2005

Freedom From Unnecessary Litigation Act of 2005 - Amends the Internal Revenue Code to: (1) allow a tax credit for insurance purchased to cover the costs of a negative outcome from surgery, including negative outcomes caused by physician malpractice; and (2) exclude from gross income medical malpractice awards granted in binding arbitration.

Bill· HRH.R. 3077 (109th)referred

Child Health Care Affordability Act

United States · United States Congress · 27 June 2005

Child Health Care Affordability Act - Amends the Internal Revenue Code to allow a tax credit for the medical expenses of a dependent. Limits the amount of such credit to $500 (adjusted for inflation) per dependent. Increases the amount of the credit to $3,000 (adjusted for inflation) for a dependent who has a terminal disease, cancer, a disability, or any other health condition requiring hospitalization or other forms of specialized care. (Coordinates the credit allowed by this Act with the income tax credit for household and dependent care services and the income tax deduction for medical expenses to prevent a double tax benefit.)

Bill· HRH.R. 3079 (109th)referred

Agriculture Education Freedom Act

United States · United States Congress · 27 June 2005

Agriculture Education Freedom Act - Amends the Internal Revenue Code to exclude from the gross income of an individual any gain from the sale of any animal raised and sold by such individual as part of his or her participation in the 4-H program under the Cooperative State Research, Education, and Extension Service of the Department of Agriculture, the Future Farmers of America, any tax-exempt similar organization, or any program of a tax-exempt educational organization.

Resolution· HRESH.Res. 342 (109th)passed

Providing for consideration of the bill (H.R. 3058) making appropriations for the Departments of Transportation, Treasury, and Housing and Urban Development, the Judiciary, District of Columbia, and independent agencies for the fiscal year ending September 30, 2006, and for other purposes.

United States · United States Congress · 27 June 2005

Sets forth the rule for consideration of the bill (H.R. 3058) making appropriations for the Departments of Transportation, Treasury, and Housing and Urban Development, the Judiciary, District of Columbia, and independent agencies for the fiscal year ending September 30, 2006.

Law· HRH.R. 3058 (109th)enacted

Transportation, Treasury, Housing and Urban Development, the Judiciary, the District of Columbia, and Independent Agencies Appropriations Act, 2006

United States · United States Congress · 24 June 2005

Transportation, Treasury, Housing and Urban Development, the Judiciary, the District of Columbia, and Independent Agencies Appropriations Act, 2006- Makes appropriations for FY2006 for: (1) the Department of Transportation (DOT); (2) the Department of the Treasury; (3) the Department of Housing and Urban Development (HUD); (4) the Judiciary; (5) the District of Columbia; (6) the Executive Office of the President; (7) the Architectural and Transportation Barriers Compliance Board; (8) the Consumer Product Safety Commission (CPSC); (9) the Election Assistance Commission; (10) the Federal Deposit Insurance Corporation (FDIC); (11) the Federal Election Commission (FEC); (12) the Federal Labor Relations Authority (FLRA); (13) the Federal Maritime Commission; (14) the General Services Administration (GSA); (15) the Merit Systems Protection Board; (16) the Morris K. Udall Scholarship and Excellence in National Environmental Policy Foundation; (17) the National Archives and Records Administration (NARA); (18) the National Credit Union Administration (NCUA); (19) the National Transportation Safety Board (NTSB); (20) the Neighborhood Reinvestment Corporation; (21) the Office of Government Ethics; (22) the Office of Personnel Management (OPM); (23) the Office of Inspector General; (24) the Office of Special Counsel; (25) the Selective Service System; (26) the United States Interagency Council on Homelessness; (27) the United States Postal Service; and (28) the United States Tax Court. Specifies certain uses and limits on or prohibitions against the use of funds appropriated by this Act.

Bill· HRH.R. 3068 (109th)referred

To amend the Servicemembers Civil Relief Act to provide relief with respect to rent and mortgage payments for members of the reserve components who are called to active duty and to amend the Internal Revenue Code of 1986 to allow a refundable credit to lessors for payments foregone by reason of such relief.

United States · United States Congress · 24 June 2005

Amends the Servicemembers Civil Relief Act to allow a military reservist who is ordered to active duty for a period of more than 90 days: (1) an exemption during the period of active duty from payment of rent on a primary residence occupied by such member or dependents; and (2) a deferral of mortgage payments on a principal residence. Amends the Internal Revenue Code to allow lessors of military reservists granted an exemption from rent payments under this Act a refundable tax credit for the exempted lease amounts.

Bill· HRH.R. 3069 (109th)referred

Savings Account for Every American Act of 2005

United States · United States Congress · 24 June 2005

Savings Account for Every American Act of 2005 - Allows employees and self-employed individuals with a social security number to elect participation, on or after January 1, 2006, in a retirement savings program, to be known as S.A.F.E. accounts. Requires employers of electing employees to establish a payroll deduction program to make employee contributions (6.2 percent of wages) to such accounts. Requires employer matching contributions after a participating employee has maintained an account for 15 years. Imposes penalties on employers who fail to make required payroll deductions or pay deducted wages to S.A.F.E. accounts. Directs the Office of Personnel Management to study and report to the President and Congress on extending S.A.F.E. accounts to federal civilian and military employees. Amends the Internal Revenue Code to exempt S.A.F.E. accounts from income taxation. Allows a tax deduction from gross income for cash contributions to such an account. Includes distributions from such an account in employee gross income, with specified exceptions for distributions after age 59 1/2 or death, purchase of certain insurance contracts, and rollovers. Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act and the Internal Revenue Code to exempt S.A.F.E. account participants from social security taxes and exclude such participants from old age, survivors and disability insurance coverage.

Bill· HRH.R. 3059 (109th)referred

Alternative Fuel Utilization and Infrastructure Development Incentives Act of 2005

United States · United States Congress · 24 June 2005

Alternative Fuel Utilization and Infrastructure Development Incentives Act of 2005 - Amends the Internal Revenue Code to allow tax credits for: (1) 50 percent of the cost of any residential or commercial alternative fuel vehicle refueling property to store or dispense E-85 fuel (alternative vehicle fuel consisting of at least 85 percent ethanol) that is placed in service; and (2) the retail sale of E-85 fuel for use in an alternative fuel motor vehicle.

Bill· SS. 1302 (109th)open

Stop the Raid on Social Security Act of 2005

United States · United States Congress · 23 June 2005

Stop the Raid on Social Security Act of 2005 - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act (SSA) to establish a Social Security Personal Retirement Accounts Program, to be administered by a Social Security Personal Savings Board established within the Social Security Administration. Authorizes any individual credited with wages paid after December 31, 2005, or self-employment income derived in any taxable year ending after such date, who is born on or after January 1, 1950, and who has not filed an election to renounce such individual's status as a participating individual, to participate in the Program. Directs the Board to establish a social security personal retirement account for each participating individual upon initial receipt of a transfer from amounts held in the Federal Old-Age and Survivors Insurance Trust Fund. Requires the Secretary of the Treasury to make necessary transfers from the general fund of the Treasury to maintain a 100 percent ratio of assets of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund to the annual amount required to pay the full amount of benefits payable for each year up to 2041. Requires designation of a certified account manager by or on behalf of each participating individual to hold the individual's account assets for investment, including in broad-based index funds similar to the index fund investment options available within the Thrift Savings Fund. Prescribes requirements for withdrawal from such accounts, annuitization, and related matters. Amends the Internal Revenue Code to: (1) make all social security personal retirement accounts exempt from income taxation; but (2) subject distributions from closed accounts to taxation as social security benefits. Exempts assets of Social Security Personal Retirement Accounts from the estate tax.

Bill· SS. 1303 (109th)open

MediKids Health Insurance Act of 2005

United States · United States Congress · 23 June 2005

MediKids Health Insurance Act of 2005 - Amends the Social Security Act to add a new title XXII (Medikids Program) to provide for health insurance coverage for all children born after December 31, 2006, in a program modeled after Medicare that also includes prescription drugs and reduced cost-sharing for low-income children. Directs the Secretary of Health and Human Services, during September of each year, to establish a monthly Medikids premium for the following year. Establishes in the Treasury the Medikids Trust Fund to contain the Medikids premiums collected under the Internal Revenue Code. Amends title XVIII to increase Medicare Payment Advisory Commission (MEDPAC) membership to 19. Amends the Internal Revenue Code to impose a Medikids premium for the taxable year on a taxpayer with a dependent enrolled in the MediKids program, with exceptions for very low-income taxpaters. Provides that in the case of a taxpayer who has a MediKid at any time during the taxable year, there shall be allowed as a refundable credit against income taxes an amount equal to the excess of: (1) the amount paid by the taxpayer during the taxable year as cost-sharing; over (2) 5% of the taxpayer's adjusted gross income for the taxable year. Directs the Secretary of the Treasury to propose a gradual schedule of progressive tax changes to fund the MediKids program as the number of enrollees grows in the out-years.

Bill· SS. 1295 (109th)referred

National Indian Gaming Commission Accountability Act of 2005

United States · United States Congress · 23 June 2005

National Indian Gaming Commission Accountability Act of 2005 - Amends the Indian Gaming Regulatory Act (IGRA) to subject the National Indian Gaming Commission to the Government Performance and Results Act of 1993 (GPRA). Requires the Commission to submit a plan to provide technical assistance to tribal gaming operations in accordance with GPRA. Revises the $8 million maximum total amount of all fees the Commission may impose during any fiscal year under the established schedule of fees. Replaces $8 million with a maximum of 0.080% of the gross gaming revenues of all gaming operations subject to regulation under IGRA.

Bill· SS. 1309 (109th)open

Trade Adjustment Assistance Equity for Service Workers Act of 2005

United States · United States Congress · 23 June 2005

Trade Adjustment Assistance Equity for Service Workers Act of 2005 - Amends the Trade Act of 1974 to extend trade adjustment assistance (TAA) to workers in a service sector firm or its subdivision or public agency. Revises group eligibility requirements for TAA to include: (1) a shift, by a public agency to a foreign country, of production of articles or in provision of services, like or directly competitive with articles which are produced, or services which are provided by the workers' firm, subdivision, or public agency; and (2) the situation where the workers' firm, subdivision, or public agency obtains or is likely to obtain such services from a foreign country. Requires the Secretary of Labor to certify as eligible to apply for TAA any adversely affected secondary workers in a service sector firm or its subdivision or public agency. Specifies criteria for determination of the existence of increased imports of like or directly competitive articles or services. Increases from $220 million to $440 million the amount of fiscal year payments for training of adversely affected workers under the Act. Authorizes the Secretary of Labor to provide technical assistance for the establishment of industrywide programs for new service development. Modifies the trade monitoring system to include imports of services.

Bill· SS. 1292 (109th)referred

Telework Tax Incentive Act

United States · United States Congress · 23 June 2005

Telework Tax Incentive Act - Amends the Internal Revenue Code to allow a tax credit for telework expenses. Defines "telework" as the use of electronic information and communication technologies to perform work functions, thereby reducing or eliminating the physical commute to and from a traditional worksite. Limits the annual amount of such credit to $500.

Bill· SS. 1305 (109th)referred

Parents' Tax Relief Act of 2005

United States · United States Congress · 23 June 2005

Parents' Tax Relief Act of 2005 - Amends the Internal Revenue Code to: (1) provide for a minimum tax credit for household and dependent care services for dependents under the age of six; (2) increase to $5,000 the amount of the personal tax exemption; (3) eliminate the marriage penalty in all income tax brackets; (4) establish a standard tax deduction for expenses related to business usage of a home; (5) make permanent increases in the child tax credit and adjust the amount of such credit for inflation on an annual basis after 2005; (6) allow employers a tax credit for employees who telecommute; and (7) allow an exclusion from employee gross income for employer-provided computer equipment used to work at home. Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to award social security credits to parents who stay at home, instead of working outside the home, to care for children who are either under age six or under age 10 and disabled. Authorizes transfers from the general fund to specified Social Security trust funds to cover the cost of such credits.

Bill· SS. 1293 (109th)referred

A bill to amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other companies.

United States · United States Congress · 23 June 2005

Amends the Internal Revenue Code to: (1) allow affiliated life and non-life insurance companies to file consolidated tax returns; (2) phase in, between 2005 and 2011, the full application of losses of affiliated non-life insurance companies against the taxable income of an affiliated life insurance company; and (3) automatically waive the five-year waiting period applicable to affiliated non-life insurance companies for offset of their losses against life insurance company income.

Bill· HRH.R. 3043 (109th)open

Zero Downpayment Pilot Program Act of 2006

United States · United States Congress · 23 June 2005

Zero Downpayment Pilot Program Act of 2005 - Amends the National Housing Act to authorize the Secretary of Housing and Urban Development to insure first-time homeowner zero-downpayment mortgages for one-family residences, including one- to three-unit dwellings, condominiums, cooperatives, and manufactured housing. Limits the principal obligation on an insured mortgage to not more than 100 percent of the property's appraised value plus any initial service charges, appraisal, inspection, and other related fees. Requires: (1) independent mortgagor counseling prior to applying for a loan, including specific counseling regarding real estate property management for mortgagors purchasing dwellings with two to three units; and (2) the mortgagee to provide the mortgagor with an option for notice of foreclosure prevention counseling, which shall become effective 60 days after delinquency. Requires: (1) the Secretary to monitor and make adjustments (mortgage premiums and availability and underwriting standards) to such program; (2) mortgagor credit evaluation by the Federal Housing Administration's (FHA) TOTAL Mortgage Scorecard or other standardized credit scoring system; (3) additional underwriting standards for borrowers purchasing two- to three-unit dwellings; and (4) written mortgagee disclosure to the mortgagor of incremental costs. Limits: (1) the program to not more than ten percent of the aggregate number of FHA mortgages and loans insured in the preceding fiscal year; and (2) aggregate insured program mortgages to 50,000. Suspends the program if claim rates exceed a certain FHA single-family claim rate. Sunsets the program after September 30, 2010.

Bill· HRH.R. 3055 (109th)referred

MediKids Health Insurance Act of 2005

United States · United States Congress · 23 June 2005

MediKids Health Insurance Act of 2005 - Amends the Social Security Act to add a new title XXII (Medikids Program) to provide for health insurance coverage for all children born after December 31, 2006, in a program modeled after Medicare that also includes prescription drugs and reduced cost-sharing for low-income children. Directs the Secretary of Health and Human Services, during September of each year, to establish a monthly Medikids premium for the following year. Establishes in the Treasury the Medikids Trust Fund to contain the Medikids premiums collected under the Internal Revenue Code. Amends title XVIII to increase Medicare Payment Advisory Commission (MEDPAC) membership to 19. Amends the Internal Revenue Code to impose a Medikids premium for the taxable year on a taxpayer with a dependent enrolled in the MediKids program, with exceptions for very low-income taxpaters. Provides that in the case of a taxpayer who has a MediKid at any time during the taxable year, there shall be allowed as a refundable credit against income taxes an amount equal to the excess of: (1) the amount paid by the taxpayer during the taxable year as cost-sharing; over (2) 5% of the taxpayer's adjusted gross income for the taxable year. Directs the Secretary of the Treasury to propose a gradual schedule of progressive tax changes to fund the MediKids program as the number of enrollees grows in the out-years.

Resolution· HRESH.Res. 337 (109th)passed

Providing for consideration of the bill (H.R. 3010) making appropriations for the Departments of Labor, Health and Human Services, and Education, and Related Agencies for the fiscal year ending September 30, 2006, and for other purposes.

United States · United States Congress · 22 June 2005

Sets forth the rule for consideration of the bill (H.R. 3010) making appropriations for the Departments of Labor, Health and Human Services, and Education, and Related Agencies for the fiscal year ending September 30, 2006.

Bill· HRH.R. 3012 (109th)referred

Volunteer Firefighters' Protection Act of 2005

United States · United States Congress · 21 June 2005

Volunteer Firefighters' Protection Act of 2005 - Amends the Internal Revenue Code to exclude from the gross income of an employer certain health care subsidy payments paid by a local government to an employer on behalf of a volunteer firefighter.

Bill· HRH.R. 3019 (109th)referred

To amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other companies.

United States · United States Congress · 21 June 2005

Amends the Internal Revenue Code to: (1) allow affiliated life and non-life insurance companies to file consolidated tax returns; (2) phase in, between 2005 and 2011, the full application of losses of affiliated non-life insurance companies against the taxable income of an affiliated life insurance company; and (3) automatically waive the five-year waiting period applicable to affiliated non-life insurance companies for offset of their losses against life insurance company income.

Bill· SS. 1272 (109th)referred

Belated Thank You to the Merchant Mariners of World War II Act of 2005

United States · United States Congress · 20 June 2005

Belated Thank You to the Merchant Mariners of World War II Act of 2005 - Directs the Secretary of Veterans Affairs to pay a monthly benefit of $1,000 to certain honorably-discharged veterans of the U.S. Merchant Marine who served between December 7, 1941, and December 31, 1946 (or to their survivors). Includes service in the Army Transport Service and the Naval Transport Service. Exempts benefits paid under this Act from taxation. Provides for benefits for World War II Merchant Mariners under title II (Old Age, Survivors, and Disability Insurance) (OASDI) of the Social Security Act.

Bill· HRH.R. 3000 (109th)open

Josephine Butler United States Health Service Act

United States · United States Congress · 20 June 2005

Josephine Butler United States Health Service Act - Establishes the United States Health Service as an independent executive branch entity to provide health care and supplemental health services to all individuals within the United States. Requires the President to appoint members to a National Health Board to exercise the authority of the Service. Establishes an Office of the Inspector General for Health Services. Requires the Service to ensure that every individual is given certain basic health rights, including the right to receive high quality care and supplemental services from any facility within the Service capable of providing such services without charge and without discrimination. Amends the Fair Labor Standards Act of 1938 to provide employees with leave to receive necessary health care services. Requires the Board to: (1) establish any necessary health care facilities; (2) establish guidelines for the classification, certification, and employment of health workers by job category; (3) provide for the education of health workers through health team schools and loan repayment; (4) establish a health advocacy program to ensure the realization of patients' rights; (5) oversee occupational safety and health programs; and (6) conduct research concerning health and health care delivery. Transfers to the Board the agencies of the Department of Health and Human Services (HHS) that conduct research on health and health care. Requires the Board to establish additional research institutes. Amends the Internal Revenue Code to impose a health services tax on the income of individuals and corporations to fund the Health Service Trust Fund (established under this Act). Transfers to the Service certain authority of the Secretary of HHS.

Bill· HRH.R. 2994 (109th)referred

Securing Affordable Vocational and Collegiate Education (SAVE) Act of 2005

United States · United States Congress · 20 June 2005

Securing Affordable Vocational and Collegiate Education (SAVE) Act of 2005 - Makes permanent the qualified tuition programs enacted by the Economic Growth and Tax Relief Reconciliation Act of 2001. Amends the Internal Revenue Code to allow a tax deduction from gross income for payments to a qualified tuition program. Limits the annual amount of such deduction to $5,000 ($10,000 on joint returns).

Law· HRH.R. 2985 (109th)enacted

Legislative Branch Appropriations Act, 2006

United States · United States Congress · 20 June 2005

Legislative Branch Appropriations Act, 2006 - Makes appropriations for the House of Representatives for FY2006 for: (1) salaries and/or expenses of the House leadership offices, committees (including the Committee on Appropriations), officers and employees, and the Child Care Center; (2) Members' representational allowances; and (3) the preparation of statements of appropriations. Requires any amounts appropriated for a representational allowance for a Member of the House which remain after all payments are made under such allowance to be deposited in the Treasury and used for deficit reduction or, if there is no federal budget deficit after all such payments have been made, to reduce the federal debt. Makes appropriations for salaries and/or expenses of: (1) the Joint Economic and Taxation Committees; (2) the Office of the Attending Physician; (3) the Capitol Guide Service and Special Services Office; (4) the Capitol Police; (5) the Office of Compliance; (6) the Congressional Budget Office; and (7) the Architect of the Capitol (AOC), including for the care and operation of Capitol buildings and grounds, House office buildings, the Capitol power plant, the Library of Congress buildings and grounds, the Capitol Police buildings and grounds, the Botanic Garden, and the Capitol Visitor Center. Appropriates funds for: (1) the Library of Congress for salaries and expenses (including rescission), the Copyright Office, Congressional Research Service (CRS), and Books for the Blind and Physically Handicapped; (2) the Government Printing Office (GPO) for congressional printing and binding (including transfer of funds); (3) GPO for the Office of Superintendent of Documents (including transfer of funds); (4) the Government Accountability Office (GAO) for salaries and expenses; (5) a payment to the Government Printing Office Revolving Fund; and (6) a payment to the Open World Leadership Center Trust Fund. Prescribes requirements for special elections to the House in extraordinary circumstances when the number of vacancies in the House exceeds 100 (continuity in representation).

Bill· HRH.R. 2992 (109th)referred

True Reinvestment for Amtrak Infrastructure in the 21st Century Act

United States · United States Congress · 20 June 2005

True Reinvestment for Amtrak Infrastructure in the 21st Century Act - Amends federal transportation law to authorize appropriations for Amtrak for FY2006-2011 for: (1) capital expenditures and operating expenses; (2) certain mandatory payments; and (3) Amtrak's contractual obligations for commuter and state-supported passenger rail service. Requires Amtrak to transmit annually to the Secretary of Transportation and Congress a comprehensive business plan, including targets for ridership and for each intercity train route (including Autotrain), revenues, and capital and operating expenses. Prohibits the use of amounts appropriated under this Act to subsidize operating losses of commuter rail passenger or rail freight transportation. Requires rail infrastructure improvement projects financed by this Act to comply with specified employee labor standards, including the prevailing wage requirements of the Davis-Bacon Act. Amends the Amtrak Reform and Accountability Act of 1997 to repeal establishment of the Amtrak Reform Council. Establishes an Enhanced Rail Service Corridor Pilot Program to support certain corridor rail infrastructure projects undertaken by states or multi-state compacts, using funding provided through the Rail Infrastructure Finance Corporation (established by this Act). Amends federal transportation law to authorize states to prepare and maintain a state rail plan that sets forth state policy involving freight and passenger rail transportation, including commuter rail operations. Amends federal highway law to designate additional high-speed rail corridors as eligible for surface transportation funds for the elimination of hazards of railway-highway crossings. Establishes a nonprofit and nonpolitical Rail Infrastructure Finance Corporation to provide financial support for certain rail infrastructure improvement projects through issuance of qualified rail infrastructure bonds. Establishes a Rail Infrastructure Finance Trust. Amends the Internal Revenue Code to allow a tax credit to a holder of a qualified rail infrastructure bond.

Bill· HRH.R. 2989 (109th)referred

Teacher Tax Relief Act of 2005

United States · United States Congress · 20 June 2005

Teacher Tax Relief Act of 2005 - Amends the Internal Revenue Code to: (1) increase the allowable tax deduction for the expenses of elementary and secondary school teachers to $400; (2) allow the deduction of professional development expenses; and (3) make such deduction permanent.

Resolution· HRESH.Res. 331 (109th)passed

Providing for consideration of the bill (H.R. 2475) to authorize appropriations for fiscal year 2006 for intelligence and intelligence-related activities of the United States Government, the Community Management Account, and the Central Intelligence Agency Retirement and Disability System, and for other purposes.

United States · United States Congress · 20 June 2005

Sets forth the rule for consideration of the bill (H.R. 2475) to authorize appropriations for fiscal year 2006 for intelligence and intelligence-related activities of the United States Government, the Community Management Account, and the Central Intelligence Agency Retirement and Disability System.

Bill· HRH.R. 2981 (109th)open

To amend the Small Business Act to expand and improve the assistance provided by Small Business Development Centers to Indian tribe members, Native Alaskans, and Native Hawaiians.

United States · United States Congress · 17 June 2005

Amends the Small Business Act to authorize a Small Business Development Center in an eligible state to apply for an additional Small Business Administration grant to be used solely to provide services to assist with outreach, development, and enhancement on Indian lands of small business startups and expansions owned by Indian tribe members, Native Alaskans, and Native Hawaiians (members and Natives). Defines an eligible state as one in which at least one percent of its population is comprised of such members and Natives. Limits each grant to $300,000 in a fiscal year. Requires a state receiving such a grant to request the advice of local tribal councils on how best to provide assistance to such members or Natives and where to locate satellite centers to provide such assistance.

Bill· HRH.R. 2968 (109th)referred

Dave Thomas Adoption Act of 2005

United States · United States Congress · 17 June 2005

Dave Thomas Adoption Act of 2005 - Amends the Internal Revenue Code to allow for penalty-free withdrawals from individual retirement plans if used to pay adoption expenses.

Bill· HRH.R. 2980 (109th)referred

Eminent Domain Relief Act

United States · United States Congress · 17 June 2005

Eminent Domain Relief Act - Amends the Internal Revenue Code to allow the nonrecognition of gain from the involuntary conversion (by eminent domain) of taxpayer property. Exempts such taxpayer from certain tax rules for involuntary conversions, including the requirement that the condemned property be converted into similar property within a specified two-year period.

Bill· SS. 1255 (109th)referred

Generating Opportunity by Forgiving Educational Debt for Service Act of 2005

United States · United States Congress · 16 June 2005

Generating Opportunity by Forgiving Educational Debt for Service Act of 2005 - Amends the Internal Revenue Code to exclude from gross income student loan repayments by the federal government on behalf of federal employees and members of the Armed Forces on active duty. Exempts such repayments from social security taxes.

Bill· HRH.R. 2951 (109th)referred

Lifetime Pension Annuity for You Act of 2005

United States · United States Congress · 16 June 2005

Lifetime Pension Annuity for You Act of 2005 - Amends the Internal Revenue Code to allow an exclusion from gross income for 50 percent of the amount otherwise includible in gross income as lifetime income payments from certain annuity contracts. Limits the amount of such exclusion to $5,000 in any taxable year. Provides for an inflation adjustment of the $5,000 limitation beginning in 2007.

Bill· HRH.R. 2941 (109th)referred

Bond Financing Renewal Act of 2005

United States · United States Congress · 16 June 2005

Bond Financing Renewal Act of 2005 - Amends the Internal Revenue Code to: (1) accelerate to FY2007 (from FY2010) the $10 million issuance increase for qualified small-issue bonds; and (2) allow a tax deduction for interest expense on qualified small-issue bonds with an aggregate authorized face amount of less than $2 million.

Bill· HRH.R. 2935 (109th)referred

Long-Term Care Support and Incentive Act of 2005

United States · United States Congress · 16 June 2005

Long-Term Care Support and Incentive Act of 2005 - Amends the Internal Revenue Code to: (1) allow a tax deduction from gross income for 50 percent of the long-term care premiums paid under a qualified long-term care insurance contract for individuals under age 65 (increases the deduction percentage to 75 percent for premiums paid for individuals age 65 or older); (2) permit qualified long-term care insurance contracts to be offered in a cafeteria plan and flexible spending arrangements under certain conditions; (3) allow a nonrefundable tax credit of $4,000, subject to a phase-out for incomes exceeding $150,000 (joint returns) or $75,000 (individuals), for each individual age 65 or older who has been certified as having long-term care needs for at least 180 consecutive days in a taxable year and for whom the taxpayer is acting as a caregiver; and (4) mandate certain consumer protections for long-term care insurance contracts.

Bill· HRH.R. 2950 (109th)open

Individual Tax Simplification Act of 2005

United States · United States Congress · 16 June 2005

Individual Tax Simplification Act of 2005 - Revises provisions of the Internal Revenue Code pertaining to: (1) the alternative minimum tax; (2) the phaseout of the tax credits for adoption expenses, child care, and educational assistance based on modified adjusted gross income; and (3) the capital gains tax. Repeals, after 2005: (1) the overall limitation on itemized tax deductions; (2) the phaseout of personal tax exemptions; and (3) the alternative minimum tax on individuals. Imposes an additional income tax on adjusted gross incomes exceeding certain threshold levels to ensure the revenue neutrality of this Act.

Bill· HRH.R. 2952 (109th)open

American Veterans Homeownership Act of 2005

United States · United States Congress · 16 June 2005

American Veterans Homeownership Act of 2005 - Amends the Internal Revenue Code to: (1) revise the definition of qualified veteran for purposes of the veterans' mortgage bond program to include all veterans who served on active duty regardless of date of service; (2) allow veterans to apply for financing under such bond program up to 25 years after the end of their active duty; and (3) revise volume limitations applicable to the issuance of such bonds in certain states.

Bill· HRH.R. 2940 (109th)referred

To amend the Internal Revenue Code of 1986 to clarify that certain settlement funds established under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 are beneficially owned by the United States and are not subject to tax.

United States · United States Congress · 16 June 2005

Amends the Internal Revenue Code to exempt from income taxation certain settlement funds established under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980.

Bill· SS. 1253 (109th)referred

Rural Renaissance Act II of 2005

United States · United States Congress · 15 June 2005

Rural Renaissance Act II of 2005 - Amends the Internal Revenue Code to allow holders of rural renaissance bonds a nonrefundable tax credit of 25 percent of the annual credit amount as determined by the Secretary of the Treasury. Defines "rural renaissance bond" as any bond issued by a nonprofit cooperative lender that is used for capital expenditures for qualified projects in rural areas, including projects for water or waste treatment, affordable housing, community facilities (e.g., hospitals, fire and police stations, nursing facilities, etc.), rural utility infrastructure, broadband technology, and rural teleworks. Sets forth rules for maturity limitations, arbitrage, and expenditures, including a requirement that 95 percent of the proceeds from the sale of a bond issue be spent on qualified projects within five yeas from the date of a bond issuance.

Bill· SS. 1249 (109th)referred

Student Fairness Act

United States · United States Congress · 15 June 2005

Student Fairness Act - Directs the Secretary of Education to rebate the amount of aid lost to students whose Pell Grants were reduced or eliminated for academic year 2005-2006 as a result of the update to the tables for state and other taxes in the student aid need analysis determination of expected family contribution.

Bill· HRH.R. 2924 (109th)referred

Gas Price Spike Relief Act of 2005

United States · United States Congress · 15 June 2005

Gas Price Spike Relief Act of 2005 - Amends the Internal Revenue Code to allow a 4.3 cents per gallon reduction in the rate of excise tax for gasoline, diesel fuel, special fuels, and certain methanol or ethanol fuels during any period of months in which the motor fuel price index is 10 percent greater than such index for the immediately preceding month (temporary rate reduction period). Allows dealers in such fuels to apply for tax refunds during a temporary rate reduction period.

Bill· HRH.R. 2904 (109th)referred

Cultural Radio Tax Credit Act of 2005

United States · United States Congress · 15 June 2005

Cultural Radio Tax Credit Act of 2005 - Amends the Internal Revenue Code to allow a business tax credit for 125 percent of the fair market value of a radio broadcasting commercial license and 100 percent of the fair market value of radio station assets donated to a tax-exempt organization which agrees to operate the station on a for-profit basis and to donate operational profits to support nonprofit fine arts and performing arts organizations in its service area.

Bill· HRH.R. 2927 (109th)referred

Student Fairness Act

United States · United States Congress · 15 June 2005

Student Fairness Act - Directs the Secretary of Education to rebate the amount of aid lost to students whose Pell Grants were reduced or eliminated for academic year 2005-2006 as a result of the update to the tables for state and other taxes in the student aid need analysis determination of expected family contribution.

Bill· HRH.R. 2911 (109th)referred

To amend the Internal Revenue Code of 1986 to modify the active business definition under section 355.

United States · United States Congress · 15 June 2005

Amends the Internal Revenue Code to treat all members of a corporation's separate affiliated group as one corporation for purposes of determining whether such corporation and its subsidiaries meet the active business test required for corporations seeking nonrecognition of gain from the distribution of property in a reorganization.

Bill· SS. 1244 (109th)referred

Long-Term Care and Retirement Security Act of 2005

United States · United States Congress · 14 June 2005

Long-Term Care and Retirement Security Act of 2005 - Amends the Internal Revenue Code to: (1) allow a tax deduction from gross income for long-term care insurance premiums; (2) include long-term care insurance in employee benefit cafeteria plans and flexible spending arrangements; (3) allow a tax credit for certain long-term care costs; (4) set forth certain consumer protections for long-term care insurance contracts; and (5) allow tax free exchanges of long-term care insurance contracts.

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