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551 records in US in 1974
United States · United States Congress · 8 April 1974
Authorizes appropriations for the fiscal year 1975 for specified maritime programs of the Department of Commerce.
United States · United States Congress · 8 April 1974
Provides, under the Internal Revenue Code, that in the case of an affiliated group of corporations filing a consolidated return, there shall be excluded from consolidated personal holding company income and consolidated adjusted ordinary gross income dividends received by a member of the affiliated group from a taxable life insurance company that is not a member of the affiliated group. (Amends 26 U.S.C. 542(b))
United States · United States Congress · 5 April 1974
Requires, under the Internal Revenue Code of 1954, the keeping of records of sales with respect to .22 caliber ammunition.
United States · United States Congress · 4 April 1974
Includes organizations which maintain facilities for long-term care, comfort, maintenance, or education of residents permanently and totally disabled persons, elderly persons, needy widows, or children within the category of institutions to which tax deductible charitable contributions may be made under the Internal Revenue Code.
United States · United States Congress · 4 April 1974
Provides for a tax credit or refund under the Internal Revenue Code of the manufacturers excise tax on parts and accessories installed on light-duty trucks.
United States · United States Congress · 3 April 1974
Allows a tax deduction under the Internal Revenue Code of not more than $750 for ordinary and necessary expenses paid during the taxable year for the repair or improvement of property used by the taxpayer as his principal residence. Permits any person who is the owner of rental housing and who rehabilitates or restores such housing to deduct the cost of such restoration, with respect to the amortization of the adjusted basis of such housing as so restored, based on a period of 60 months. Entitles any person who acquires rehabilitated or restored rental housing from a taxpayer who elected the amortization deduction and who did not discontinue the amortization deduction, to a deduction with respect to the adjusted basis of such facility based on the remaining amount of the 60-month period. Provides procedures for the election and termination of the amortization deduction and defines the terms used in this Act. (Amends 26 U.S.C. 62,217; 218; Adds 28 U.S.C. 180)
United States · United States Congress · 3 April 1974
States that where compensation for services rendered in a calendar year is paid an employee by two or more employers, one of the employers who has knowledge of such joint employment may enter into an agreement with the other employers of such an employee to avoid duplication of the tax imposed under the Federal Insurance Contributions Act and the Federal Unemployment Tax Act.
United States · United States Congress · 3 April 1974
Provides an additional itemized tax deduction under the Internal Revenue Code for individuals who perform voluntary public service by working for specified organizations. States that the deduction under this Act shall not exceed $2,000 in any taxable year. States that this Act shall not apply in the case of any individual who during the taxable year has not performed at least 50 hours of service without compensation. Authorizes the Secretary of the Treasury to prescribe such regulations as may be necessary to carry out the purposes of this Act.
United States · United States Congress · 3 April 1974
Exempts, under the Internal Revenue Code, septic tank pumping units from the manufacturers excise tax on automotive and related items.
United States · United States Congress · 3 April 1974
Provides that upon the adoption of this resolution it shall be in order to move that the House resolve itself into the Committee of the Whole House on the State of the Union for the consideration of the bill (H.R. 12565) to authorize appropriations during the fiscal year 1974 for procurement of aircraft, missiles, naval vessels tracked combat vehicles, and other weapons and research, development, test and evaluation for the Armed Forces, and to authorize construction at certain installations, and for other purposes, and all points of order against section 401 of said bill for failure to comply with the provisions of clause 4, rule XXI are hereby waived. Provides that after general debate, which shall be confined to the bill and shall continue not to exceed two hours, to be equally divided and controlled by the chairman and ranking minority member of the Committee on Armed Services, the bill shall be read for amendment under the five-minute rule by titles instead of by sections. Makes it in order to consider the amendment recommended by the Committee on Armed Services now printed on page 4, lines 12 through 17 of the bill notwithstanding the provisions of clause 4, rule XXI. Provides that, at the conclusion of the consideration of the bill for amendment, the Committee shall rise and report the bill to the House with such amendments as may have been adopted, and the previous question shall be considered as ordered on the bill and amendments thereto to final passage without intervening motion except one motion to recommit.
United States · United States Congress · 2 April 1974
Simpliform Tax Act - Requires the Secretary of the Treasury to, as soon as practicable but in any event not later than 90 days after the date of enactment of this Act, submit to the Committee on Ways and Means of the House of Representatives a draft of any technical and conforming changes in the Internal Revenue Code which are necessary to reflect the changes in the substantive provisions of law made by this Act. Repeals specified provisions of the Internal Revenue Code relating to items of income and deductions. Imposes on the income of every individual a tax of 10 percent. Establishes a surtax on the income of every individual to be computed by the use of a specified table. States that there shall be allowed to an individual as a credit against the tax imposed by this Act for the taxable year in an amount equal to: (1) $250 for the taxpayer, (2) $250 for the spouse of the taxapayer, and (3) $250 for each dependent of the taxpayer who is 18 years of age or older. Establishes rules for determining gains and losses on property owned by a decendent at the time of his death. Sets forth procedures for determining gains and losses on inter vivos gifts. States that there shall be included in gross income monthly insurance benefits paid under title II of the Social Security Act to the taxpayer and any other cash benefits paid to the taxpayer under such Act or any other Act of the United States or of any State providing for the payment of monry to individuals in order to enable them to purchase food, clothing, and shelter and otherwise provide for their general welfare. Provides that gross income includes amounts received as prizes and awards, including amounts received as scholarships and fellowship grants.
United States · United States Congress · 1 April 1974
Fiscal Note Act - Provides that a bill or joint resolution which has been introduced in the House of Representatives or received by the House from the Senate shall be printed only when there appears at the bottom of the first page, in bold-face type, a fiscal note prepared by the department or agency which will carry out such bill or joint resolution. Provides that such fiscal note shall state the amounts estimated, in constant dollars, to be the direct and indirect costs likely to be incurred or the direct and indirect savings likely to be achieved: (1) by the United States Government in carrying out such bill or joint resolution in the fiscal year in which it is introduced or received in the House and in each of the five fiscal years following such fiscal year (or for the authorized duration of any program, if less than five years), except for measures affecting the revenues; and (2) if sufficient information is already in the possession of such department or agency or is readily available, by State and local governments.
United States · United States Congress · 1 April 1974
Extends the tax deduction under the Internal Revenue Code for intangible drilling and development expenses and for depletion to geothermal resources.
United States · United States Congress · 28 March 1974
Provides that timber operations shall be treated as farming for the purposes of the excise tax exemption under the Internal Revenue Code on special fuels and gasoline.
United States · United States Congress · 27 March 1974
Provides allowances and reduced governmental rental rates and charges for certain Alaskan employees of executive departments and independent establishments. Exempts such allowances and reduction from taxation under the Internal Revenue Code.
United States · United States Congress · 27 March 1974
Makes it the sense of Congress that (1) for fiscal year 1975 the Administration on Aging fund both long-term and short-term training programs under title IV of the Older Americans Act and (2) the Administration on Aging give clear directives immediately on how these funds may be utilized to respond to the need for training students at higher educational institutions and for the purpose of covering the costs of courses in gerontology.
United States · United States Congress · 27 March 1974
Increases the credit against tax for retirement income for the elderly under the Internal Revenue Code and coordinates it with the maximum social security retirement benefits. Provides that this Act is to become effective for taxable years beginning after December 31, 1972. (Amends 26 U.S.C. 37)
United States · United States Congress · 27 March 1974
Provides for increases in the standard deduction and low income allowances under the Internal Revenue Code. Provides formulas to determine the limited income exclusion for the tax on self-employment income and for tax wages. Requires the Secretary of the Treasury, with the concurrence of the Secretary of Health, Education, and Welfare, to prescribe regulations providing for prompt and effective relief for low-income and moderate-income taxpayers. Provides for appropriations from the General Fund to Social Security Trust Funds.
United States · United States Congress · 27 March 1974
Increases the personal exemption under the Internal Revenue Code from $750 to $850.
United States · United States Congress · 27 March 1974
Railroad Property Tax Exemption Act - Prohibits any State or unit of local government from imposing a property tax on any railroad right-of-way or roadbed used in interstate commerce.
United States · United States Congress · 27 March 1974
Provides for increases in the standard deduction and low income allowances under the Internal Revenue Code. Allows a limited income exemption for self-employment income up to the sum of the amount of personal exemptions to which the taxpayer is entitled plus a low-income allowance of $1,800 per household, or $900 in the case of a married individual filing a separate return. Prescribes the method of computation of the annual limited income exclusion. Requires an employee claiming an exemption under this Act to certify to his employer and to the Secretary of the Treasury the information necessary for computation of the limited income exclusion.
United States · United States Congress · 27 March 1974
Provides an exclusion from income taxation under the Internal Revenue Code for cooperative housing corporations, condominium housing associations, and qualified homeowners' associations.
United States · United States Congress · 27 March 1974
Authorizes an appropriation of $35,000,000 for fiscal year 1975 for the expenses of the National Institute of Neurological Diseases and Stroke in carrying out title IV of the Public Health Service Act with respect to dystonia.
United States · United States Congress · 27 March 1974
Makes a supplemental appropriation for fiscal year 1974 of $25,000,000 for the expenses of the National Institute of Neurological Diseases and Stroke in carrying out title IV of the Public Health Service Act with respect to dystonia.
United States · United States Congress · 27 March 1974
Extends the head of household benefits under the Internal Revenue Code to unremarried widows and widowers, and individuals who have attained age 35 and who have never been married or who have been separated or divorced for 1 year or more, who maintain their own households.
United States · United States Congress · 27 March 1974
Expresses the sense of Congress that (1) for fiscal year 1975 the Administration on Aging fund long-term and short-term training programs under title IV of the Older Americans Act, and (2) the Administration on Aging give clear directives immediately on how these funds may be utilized to respond to the need for training students at higher educational institutions and for the purpose of covering the costs of courses in gerontology.
United States · United States Congress · 26 March 1974
States that all returns made with respect to taxes imposed under the Internal Revenue Code are confidential and private records; but they may be opened to inspection by the following persons at such times and in such manner as the Commissioner of Internal Revenue by regulation may prescribe: (1) the taxpayer for whom the return was made or his attorney in fact; (2) officers and employees of the Internal Revenue Service, the Department of Justice for tax administration and economic stabilization purposes; (3) shareholders of record owning 1 percent or more of the outstanding stock of any corporation; (4) tax officials of the States; (5) the Committee on Ways and Means of the House of Representatives, the Finance Committee of the Senate, and the Joint Committee on Internal Revenue and Taxation; (6) the Attorney General, Assistant Attorneys General, and United States attorneys; and (7) officers and employees of executive departments and other establishments of the Federal Government upon written request of the head of such department or establishment naming the taxpayer whose return is to be inspected and provided that the inspection is necessary in the enforcement of Federal Statutes. States that whenever a return is open to the inspection of any person, a certified copy thereof shall, upon request, be furnished to such person under regulations prescribed by the Commissioner of Internal Revenue who may prescribe a reasonable fee for furnishing such copy. Provides that all regulations issued by the Commissioner of Internal Revenue pursuant to this Act must have written approval of the Chief of Staff of the Joint Committee on Internal Revenue Taxation. States that this Act shall be effective upon enactment. Allows the Commissioner of Internal Revenue a period of ninety days after enactment to issue the regulations required herein.
United States · United States Congress · 26 March 1974
Redefines the excise tax imposed under the Internal Revenue Code on specified investment income of private foundations from "excise tax" to "service charge". Reduces such tax from 4 percent to 1 1/2 percent.
United States · United States Congress · 26 March 1974
Repeals the capital gain throwback rules applicable to trusts under the Internal Revenue Code.
United States · United States Congress · 26 March 1974
Allows an individual, under the Internal Revenue Code, a credit against tax of $200 multiplied by the number of personal exemptions. Provides that such election to take a credit in lieu of deduction for exemptions shall apply with respect to taxable years beginning after December 31, 1973.
United States · United States Congress · 25 March 1974
States that all returns made with respect to taxes imposed under the Internal Revenue Code are confidential and private records; but they may be opened to inspection by the following persons at such times and in such manner as the Commissioner of Internal Revenue by regulation may prescribe: (1) the taxpayer for whom the return was made or his attorney in fact; (2) officers and employees of the Internal Revenue Service, the Department of Justice for tax administration and economic stabilization purposes; (3) shareholders of record owning 1 percent or more of the outstanding stock of any corporation; (4) tax officials of the States; (5) the Committee on Ways and Means of the House of Representatives, the Finance Committee of the Senate, and the Joint Committee on Internal Revenue and Taxation; (6) the Attorney General, Assistant Attorneys General, and United States attorneys; and (7) officers and employees of executive departments and other establishments of the Federal Government upon written request of the head of such department or establishment naming the taxpayer whose return is to be inspected and provided that the inspection is necessary in the enforcement of Federal statutes. States that whenever a return is open to the inspection of any person, a certified copy thereof shall, upon request, be furnished to such person under regulations prescribed by the Commissioner of Internal Revenue who may prescribe a reasonable fee for furnishing such copy. Provides that all regulations issued by the Commissioner of Internal Revenue pursuant to this Act must have written approval of the Chief of Staff of the Joint Committee on Internal Revenue Taxation. States that this Act shall be effective upon enactment. Allows the Commissioner of Internal Revenue a period of ninety days after enactment to issue the regulations required herein.
United States · United States Congress · 25 March 1974
Provides that the requirement of filing returns and the tax on unrelated business income shall not apply to specified nonprofit social clubs, domestic fraternal societies, and veterans organizations under the Internal Revenue Code.
United States · United States Congress · 25 March 1974
Provides that a charitable organization shall be denied exemption from taxation under the Internal Revenue Code where amounts paid or incurred by such organization during each taxable year to influence legislation exceed specified sums of money, or where a significant portion of the activities of such organization consists of carrying on propaganda or otherwise attempting to influence legislation. Designates charitable organizations to which this Act applies, and defines the term "influencing legislation". Disallows deductions to charitable organizations where the contribution is made for the purpose of influencing legislation.
United States · United States Congress · 25 March 1974
Increases the personal exemption for income tax purposes to $1,000 beginning with taxable years after December 31, 1973.
United States · United States Congress · 25 March 1974
Makes appropriations for the fiscal year ending June 30, 1974, for Veterans Administration "Readjustment benefits", $750,000,000.
United States · United States Congress · 21 March 1974
Provides that income from entertainment activities held in conjunction with a National, State, local, regional, or international fair or exposition conducted by an "agricultural organization", as defined under the Internal Revenue Code, shall not be unrelated trade or business income and shall not affect the tax exemption of the organization. (Amends 26 U.S.C. 513)
United States · United States Congress · 21 March 1974
Provides, under the Internal Revenue Code, that if an individual files his return for a taxable year before March 1 and if the refund of any overpayment of such tax is not made within 30 days after filing then interest shall be allowed on such overpayment for the period beginning on the date he filed such return and ending on whichever of the following is the earlier: (1) the date the refund check is mailed, or (2) the first date on which interest on such overpayment is allowed. Requires that whenever any refund is made to a taxpayer, the taxpayer shall be notified of: (1) the tax and the taxable period to which such refund is attributable, and (2) the reason for making such refund.
United States · United States Congress · 20 March 1974
Extends, from January 1, 1975, to January 1, 1980, the cutoff date for qualification of low-income housing rehabilitation expenditures for the five-year depreciation privilege provided under the Internal Revenue Code.
United States · United States Congress · 20 March 1974
Expresses the sense of Congress that the total of all appropriations for outlays for the fiscal year ending June 30, 1975, should not exceed $295,000,000,000.
United States · United States Congress · 19 March 1974
Authorizes appropriations of $49,840,000 for fiscal year 1975 for carrying out the Board for International Broadcasting Act.
United States · United States Congress · 19 March 1974
Increases the personal exemption for income tax purposes to $1000 beginning with taxable years after December 31, 1973.
United States · United States Congress · 19 March 1974
Provides that no individual shall pay a tax, under the Internal Revenue Code, of less than 10 percent of his income for the taxable year by reason of the tax exempt source of all or part of such income. Provides that any industrial development bond issued after December 31, 1971, shall not be considered an obligation of a State, territory, trust, or other possession of the United States, the interest from which shall not be included as gross income. Provides that in the case of a joint return of a husband and wife if the tax imposed by the Internal Revenue Code exceeds $5, then the tax imposed shall be reduced (but not below $5) by $200, that in the case of heads of households the tax shall be reduced by $150 (but not below $5), and that in the case of single persons not heads of households, it shall be reduced by $100 (but not below $5).
United States · United States Congress · 19 March 1974
Makes appropriations for the fiscal year ending June 30, 1974, for Veterans Administration "Readjustment benefits", $750,000,000.
United States · United States Congress · 18 March 1974
Extends to all unmarried individuals the full tax benefits of income splitting now available to married individuals filing joint returns.
United States · United States Congress · 18 March 1974
States that an amendment of an instrument (a will or trust) governing the disposition of property which does not alter the dispositive provisions of the instrument affecting any charitable remainder interest shall not be considered an amendment of such instrument for the purposes of the Internal Revenue Code.
United States · United States Congress · 18 March 1974
Expresses the sense of the Congress that the President should evaluate the commodity requirements of the domestic economy to determine which commodities should be designated as in short supply for purposes of taxation of Domestic International Sales Corporations.
United States · United States Congress · 14 March 1974
Provides that real property which is farmland, woodland, historical places, or open scenic land and forms part of an estate shall be valued, under the Internal Revenue Code, for estate tax purposes, at its value as farmland if it continues to be used as such. (Amends 26 U.S.C. 2031)
United States · United States Congress · 13 March 1974
Provides for increases in the standard deduction and low income allowances under the Internal Revenue Code. Allows a poverty exemption for self-employment income up to the sum of the amount of personal exemptions to which the tax payer is entitled plus a low-income allowance of $1,800 per household. States that the taxes imposed on wages for Old-Age, Survivor's, and Disability Insurance shall not apply on wages up to the sum of the amount of personal exemptions to which the taxpayer is entitled plus a low-income allowance of $1,800 per household, except that if total wages received by the taxpayer and the members of his household exceeds such sum, the wages in excess of such sum shall be deducted dollar for dollar from the wages exempt under this provision.
United States · United States Congress · 12 March 1974
Reduces by 8 percent the amount of individual income tax withheld at the source by an employer under the Internal Revenue Code.
United States · United States Congress · 12 March 1974
Provides, under the Internal Revenue Code, that the excludability from gross income of disability pension payments to an individual shall be continued when said individual reaches statutory retirement age. States that the amendment made under this Act shall apply to pension payments received after December 31, 1974.