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Bill· SS. 3000 (94th)referred
United States · United States Congress · 19 February 1976
Tax Credits and Allowances Act - Title I: Personal Credits Allowances for Basic Living Expenses, and other Tax Provisions - Repeals the personal exemption and provides, in lieu thereof, a credit against tax equal to the personal credits granted by this title. Provides a $225 credit for the taxpayer, and additional credits of $225 each for the taxpayer's spouse and each dependent. Authorizes prepayment of estimated personal credits to recipients of allowances for basic living expenses. Repeals the low income allowance. Provides for a standard employment expense deduction of: (1) ten percent (but not to exceed $500) of the earned income received by the lesser compensated spouse; and (2) ten percent (but not to exceed $1,000) of the earned income of the head of a household. Provides an allowance for basic living expenses. Specifies the requirements to be met for eligibility for receipt of such allowance, and sets forth the maximum amounts of such allowance. Authorizes the Secretary of the Treasury to promulgate regulations for the administration of this Act. Defines the terms used in the Act. Provides special rules with respect to the filing status of individuals under this Act. Provides for the coordination of allowances and credits authorized by this Act with those authorized under the educational opportunity grant program of the Higher Education Act of 1965. Authorizes to be appropriated such sums as are necessary to carry out the provisions of this title. States that gross income does not include, for the purposes of this title, amounts received by recipients as allowances for basic living expenses. Title II: Public Assistance and Welfare Reform - Amends the Social Security Act to require State supplementation of income to families receiving aid for dependent children in the amount that the income of such families is reduced by the provisions of this Act. Provides that supplementary payments made by States under this title shall be made for a maximum period of 24 months. Changes the eligibility requirements for benefits under the supplemental security income programs of aid to aged, blind, or disabled individuals to prevent reduction of benefits recieved by such individuals by virtue of the provisions of this Act. States that until such time as a comprehensive program of services for families and children is developed and placed into effect, the Secretary of Health, Education, and Welfare shall provide a transitional program of specified services to such families. States that the Secretary shall develop a comprehensive program of such services within one year of the effective date of this title. Authorizes optional state supplementation of social security income benefits to ameliorate the effects of the provisions of this Act on families with disabled children. Title III: Miscellaneous and General Provisions - Provides that the total amount of State supplementation payments made under this Act may be used as an allowance offset for purposes of income taxation where the application of the provisions of this Act results in a net reduction of its basic living expense allowance or its supplemental security income benefit. Prohibits Federal assistance to child-care facilities which impose income-related fees. Makes technical and conforming amendments in other specified laws. Repeals the Food Stamp Act of 1964. Provides that obligations of the United States shall be subject to garnishment and similar proceedings to meet court-ordered alimony, child-support, and rent obligations.
Bill· HRH.R. 12001 (94th)referred
United States · United States Congress · 19 February 1976
Authorizes a tax deduction, under the Internal Revenue Code, for amounts paid in any contiguous less-developed country. Limits such deduction to $400 for any taxable year and $200 during any week. Reduces the deduction by five percent of the excess of the taxpayer's adjusted gross income over $15,000. Defines the terms used in this Act.
Bill· HRH.R. 11983 (94th)referred
United States · United States Congress · 19 February 1976
Provides a Federal income tax credit under the Internal Revenue Code for expenses incurred in filing Federal forms. States that the amount of such credit shall be ten cents for each item of information or inquiry on any form or document which the individual taxpayer is required by Federal law to file with the United States Government. Specifies that in no case shall an individual receive a tax credit of less than $1.00 for each form or document. Provides that in the case of a corporation, the credit allowed shall be 20 cents for each such item, but not less than $2.00 for each form or document. Authorizes a tax credit of 30 cents for each such item, but not less than $3.00 for each form or document in the case of a small business. Provides that an overstatement of the credit allowable by this Act which is allowed as a credit or refund may be assessed by the Secretary of the Treasury in the same manner as in the case of a mathematical error appearing upon the return. Directs the Secretary of the Treasury to pay to any State or local unit of government, upon application by such unit, the amount of 20 cents for each item of information on any form or document which such unit is required by Federal law to file with the United States Government. Specifies that such credit shall amount to not less than $2.00 for each such form. Authorizes the Secretary to pay, upon application, to tax-exempt nonprofit and charitable organizations, as defined under the Internal Revenue Code, the 20 cents per item, $2.00 minimum, for each form required to be filed.
Bill· HRH.R. 11974 (94th)referred
United States · United States Congress · 19 February 1976
Internal Revenue Administration Act - Establishes the Internal Revenue Administration in the executive branch of the Federal Government for the purpose of administering and enforcing the Internal Revenue Code. Prescribes the terms and conditions of office for the Administrator of the Internal Revenue Administration. Transfers all present functions, instructions, rules, or regulations which were promulgated or administered by the Secretary of the Treasury of his delegate with respect to the enforcement of the Internal Revenue Code, to the Internal Revenue Administration.
Bill· SS. 2994 (94th)referred
United States · United States Congress · 18 February 1976
Amends the Internal Revenue Code to allow taxpayers to elect to treat property which constitutes an outdoor advertising display as real property, with respect to the involuntary conversion of real property held for productive use in a trade or business.
Bill· SS. 2990 (94th)referred
United States · United States Congress · 18 February 1976
Requires Members of Congress who but for an exemption conferred by Federal law would be required to pay State income tax to the State in which they reside for purposes of attending sessions of Congress to submit to such State a statement in lieu of a State income tax return indicating the amount of tax such Member would have been required to pay. Authorizes the Secretary of the Treasury to pay to such State an amount equal to the amount indicated on such Member's statement and certified to the Secretary by the Governor or head of such State.
Bill· SS. 2988 (94th)referred
United States · United States Congress · 18 February 1976
Amends the tax deduction provisions of the Internal Revenue Code to designate as a charitable contribution that portion of the expenses of a taxpayer which are attributable to the operation, maintenance, and repair of vehicles owned by the taxpayer which bears a specified ratio to the amount of time such vehicles are used for rendering gratuitous services to the Civil Air Patrol.
Bill· HRH.R. 11953 (94th)referred
United States · United States Congress · 18 February 1976
Establishes conditions, under the Internal Revenue Code, which the State agency, body, or commission lawfully charged with tax administration must meet before the Secretary of the Treasury shall allow the inspection or disclosure of income tax returns or return information. Requires the written request of the head of such State agency, body, or commission before such return information shall be furnished.
Bill· HRH.R. 11966 (94th)referred
United States · United States Congress · 18 February 1976
Redefines "firearm" under the Omnibus Crime Control and Safe Streets Act of 1968 and "any other weapon" under the National Firearms Act to include electric weapons for purposes of regulation of the sale, manufacture, importation, transportation and taxation of such weapons.
Bill· HRH.R. 11962 (94th)referred
United States · United States Congress · 18 February 1976
Amends the Internal Revenue Code to exempt farmers from the highway use tax on heavy trucks if the farmer: (1) uses such vehicle primarily for farming purposes; and (2) is not a corporation with gross recipts in excess of $950,000 or with gross receipts more than 50 percent of which are from activities other than farming.
Bill· HRH.R. 11959 (94th)referred
United States · United States Congress · 18 February 1976
Amends the Internal Revenue Code to change the excise tax on large cigars to an ad valorem tax based on wholesale price per thousand. Requires every manufacturer of tobacco products, every importer, and every export warehouse proprietor to maintain records which shall be available for inspection by Internal Revenue officers. Defines the term "wholesale price" with respect to cigars.
Bill· HRH.R. 11955 (94th)referred
United States · United States Congress · 18 February 1976
Authorizes regulated investment companies, under the Internal Revenue Code, to pay exempt-interest dividends in an amount up to 90 percent of the excess of its tax-exempt interest without affecting its tax-exempt status. Allows shareholders to treat such exempt-interest dividends as excludable from gross income. Disallows that portion of the deduction for expenses and interest relating to tax-exempt income which the amount of such company's exempt-income bears to its gross income.
Bill· HRH.R. 11940 (94th)referred
United States · United States Congress · 18 February 1976
Amends the Internal Revenue Code to allow a limited deduction for amounts paid by or on behalf of an individual for an individual retirement account, an individual retirement annuity, an individual retirement bond, an employee's trust, or an annuity contract.
Law· HJRESH.J.Res. 811 (94th)open
United States · United States Congress · 18 February 1976
Appropriates an additional $33,000,000 for the Library of Congress James Madison Memorial Building for fiscal year 1976.
Law· SS. 2981 (94th)open
United States · United States Congress · 17 February 1976
Authorizes appropriations of such sums as necessary during fiscal year 1977 to continue the program of the Indian Claims Commission under the Indian Claims Commission Act.
Bill· SS. 2985 (94th)referred
United States · United States Congress · 17 February 1976
Amends the Internal Revenue Code to exclude life insurance companies and mutual insurance companies from filing consolidated returns with an affiliated group of corporations. Makes technical and conforming amendments.
Bill· SS. 2982 (94th)referred
United States · United States Congress · 17 February 1976
Permits appropriations for the Departments of State and the Department of Health, Education, and Welfare made for special assistance to refugees from Cambodia and Vietnam to be expended for such assistance to refugees from Laos as well.
Bill· HRH.R. 11920 (94th)reported
United States · United States Congress · 17 February 1976
Stipulates that gain or loss on transfers to investment companies or partnerships functioning as investment companies shall be considered realized and recognized gain or loss for purposes of taxation under the Internal Revenue Code.
Bill· HRH.R. 11909 (94th)passed
United States · United States Congress · 17 February 1976
Authorizes appropriations of such sums as are necessary during fiscal year 1977 to continue the program of the Indian Claims Commission under the Indian Claims Commission Act.
Bill· HRH.R. 11905 (94th)referred
United States · United States Congress · 17 February 1976
Increases the estate tax exemption for taxable estates under the Internal Revenue Code from $60,000 to $200,000 of the value of the gross estate. Increases the limitation on the aggregate marital deduction to 50 percent of the adjusted gross value of the estate, plus $100,000. Allows an executor to value farmland, woodland, and scenic open land at its current use value rather than at its fair market value.
Bill· HRH.R. 11926 (94th)referred
United States · United States Congress · 17 February 1976
Amends the Board for International Broadcasting Act of 1973 to reduce the number of ex- officio members on the Board to reflect the merger of Radio Free Europe and Radio Liberty which are represented on the Board. Authorizes appropriations of $53,385,000 for fiscal year 1977 and such sums as are necessary for fiscal year 1978 for the operation of the Board.
Bill· HRH.R. 11932 (94th)referred
United States · United States Congress · 17 February 1976
Amends the Internal Revenue Code to allow a limited tax credit in an amount of $250 for each individual who is at least 61 years of age before the beginning of the taxable year, whose principal place of abode during the taxable year is the principal residence of the taxpayer, and who is not a lodger with the taxpayer.
Bill· HRH.R. 11889 (94th)referred
United States · United States Congress · 11 February 1976
Amends the Internal Revenue Code to allow taxpayers to take a charitable contribution deduction while also taking the standard deduction. Increases the charitable contribution deduction for low- and middle-income taxpayers by a graduated charitable contribution deduction adjustment factor. Makes technical and conforming amendments.
Bill· HRH.R. 11862 (94th)referred
United States · United States Congress · 11 February 1976
Increases, under the Social Security Act and the Internal Revenue Code, the ceiling on the amount of earnings which may be counted for social security benefit and tax purposes. Sets forth proposed ceilings of $15,300 for calendar year 1976, $22,200 for calendar year 1977, $26,100 for calendar year 1978, and $28,500 for calendar year 1979.
Bill· HRH.R. 11853 (94th)referred
United States · United States Congress · 10 February 1976
Amends the Internal Revenue Code to allow a limited tax credit in an amount of $250 for each individual who is at least 61 years of age before the beginning of the taxable year, whose principal place of abode during the taxable year is the principal residence of the taxpayer, and who is not a lodger with the taxpayer.
Bill· HRH.R. 11854 (94th)referred
United States · United States Congress · 10 February 1976
Jobs Creation Incentive Act - Amends the Internal Revenue Code to allow a taxpayer to elect to take a deduction with respect to the amortization of a qualifying facility, which is located in a high unemployment area, based on a period to one-half of the useful life of the facility. Authorizes a taxpayer to elect to take a deduction with respect to the amortization of qualifying equipment placed in a qualifying facility based on a period of 60 months. Defines the term "high unemployment area" to include an area with an average unemployment rate of seven percent or more of the labor force as determined by the Secretary of Labor.
Bill· HRH.R. 11856 (94th)referred
United States · United States Congress · 10 February 1976
Amends the Internal Revenue Code to provide that income to agricultural organizations derived from conducting of horse races and dog races shall not be unrelated business taxable income. Denies all deductions directly connected with such races for any taxable year.
Bill· HRH.R. 11812 (94th)referred
United States · United States Congress · 10 February 1976
Amends the Internal Revenue Code to exclude $5,000 from the gross income of any individual who has attained age 65 by the close of the taxable year. Reduces such excluded amount by an amount equal to the total of any income received by such individual which is excluded from gross income by reason of any other rule, regulation, or provision.
Bill· HRH.R. 11787 (94th)referred
United States · United States Congress · 9 February 1976
Amends the Internal Revenue Code to increase the percentage standard deduction to an amount equal to 20 percent of adjusted gross income but not to exceed (1) $3,000 in the case of a joint return or a surviving spouse, (2) $2,500 in the case of an unmarried individual, or (3) $1,500 in the case of a married individual filing a separate return.
Bill· HRH.R. 11779 (94th)referred
United States · United States Congress · 9 February 1976
Amends the Internal Revenue Code to allow a deduction for donations of blood to charitable organizations in an amount equal to $25 for each pint donated. Limits the aggregate amount of donations which shall be deductible to $125 in any taxable year.
Bill· HRH.R. 11780 (94th)referred
United States · United States Congress · 9 February 1976
States that all returns made with respect to the taxes imposed by the Internal Revenue Code are confidential records. Provides that: (1) no such return shall be open to inspection; and (2) no information contained in any such return shall be disclosed. Authorizes inspections by the following persons: (1) the taxpayer or his authorized representative; (2) officers and employees of the Internal Revenue Service, Department of the Treasury, Department of Justice, and State and local government employees solely for purposes of enforcement and administration of the tax laws; and (3) the President of the United States in the necessary performance of his official duties. Increases the criminal penalties for unauthorized disclosure of information under the provisions of the Internal Revenue Code. States that any person who knowingly receives any information or material which is disclosed or furnished in violation of the provisions of this Act shall be guilty of a felony and subject to a fine of up to $10,000, imprisoned for up to five years, or both.
Bill· HRH.R. 11770 (94th)referred
United States · United States Congress · 9 February 1976
Increases the estate tax exemption for taxable estates under the Internal Revenue Code from $60,000 to $200,000 of the value of the gross estate. Increases the limitation on the aggregate marital deduction to 50 percent of the adjusted gross value of the estate, plus $100,000. Allows an executor to value farmland, woodland, and scenic open land at its current use value rather than at its fair market value.
Law· HJRESH.J.Res. 801 (94th)open
United States · United States Congress · 9 February 1976
Appropriates funds to the United States Railway Association for the purchase of series A preferred stock issued by the Consolidated Rail Corporation as follows: (1) $400,000,000 for fiscal year 1976 and $300,000,000 for the period July 1, 1976 through September 30, 1976 to remain available until expended; and (2) $615,000,000 to become available until expended; and (3) $425,000,000 for fiscal year 1978 and $176,000,000 for fiscal year 1979. Appropriates $4,100,000 for administrative expenses for fiscal year 1976, and $1,4,000,000 for the period July 1, 1976 through September 30, 1976.
Bill· HRH.R. 11761 (94th)referred
United States · United States Congress · 5 February 1976
Allows a tax credit, under the Internal Revenue Code, in an amount equal to the lesser of 20 percent of the qualified investment or $5,000,000, but the credit shall not exceed 50 percent of the liability for tax for the taxable year. Defines the term "qualified investment" to mean investment in tangible property located in a development area certified by the Secretary of Commerce as development property which is outside any standard metropolitan statistical area, the population of which exceeds 300,000. Recaptures such tax credit if property which was certified development property placed in service during either of the two preceding taxable years is disposed of or ceases to be certified development property with respect to the taxpayer. Allows any portion of the credit which exceeds the limitations to be carried back to the three preceding taxable years and carried forward to the seven taxable years following the unused credit year. Requires the Secretary of Commerce to report annually to the Congress with respect to the amount of and the economic effects of such tax credit.
Bill· HRH.R. 11735 (94th)referred
United States · United States Congress · 5 February 1976
Stipulates that gain or loss on transfers to investment companies or partnerships functioning as investment companies shall be considered realized and recognized gain or loss for purposes of taxation under the Internal Revenue Code.
Resolution· HRESH.Res. 1025 (94th)passed
United States · United States Congress · 5 February 1976
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. 11453) to authorize appropriations for fiscal year 1976, for the period beginning July 1, 1976, and ending September 30, 1976, and for fiscal year 1977 for carrying out title VI of the Comprehensive Employment and Training Act of 1973, and to amend title II and title IV of such Act. Directs that after general debate, which shall be confined to the bill and shall continue not to exceed one hour, to be equally divided and controlled by the chairman and ranking minority member of the Committee on Education and Labor, the bill shall be read for amendment under the five-minute rule. Provides that it shall be in order to consider the amendment in the nature of a substitute recommended by the Committee on Education and Labor now printed in the bill as an original bill for the purpose of amendment under the five-minute rule, and all points of order against section 3 (a) (1) of the committee substitute for failure to comply with the provisions of clause 5 of rule XXI are hereby waived. Provides that, at the conclusion of such consideration, the Committee shall rise and report the bill to the House with such amendments as may have been adopted, and any Member may demand a separate vote in the House on any amendment adopted in the Committee of the Whole to the bill or to the committee amendment in the nature of a substitute. States that 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 with or without instructions.
Bill· HRH.R. 11720 (94th)referred
United States · United States Congress · 4 February 1976
Small Business Estate and Gift Tax Reform Act - Revises, under the Internal Revenue Code, the rate of tax imposed on transfers of taxable estates. Increases the present $60,000 exemption from such tax to $80,000 in 1976, $100,000 in 1978, and $120,000 in 1980. Alters possible gift tax exemptions of a decedent's estate in 1980. Provides that in the computation of the value of a taxable estate, where a bequest is made to the surviving spouse, the limitation on the aggregate of deductions is revised from 50 percent to $240,000 plus 50 percent of the excess of the adjusted gross estate. Incorporates in the determination of the value of a decedent's property held as farming property or scenic open property, the consideration of any effective restrictions on its use for other purposes. Increases the gift tax exemption from $30,000 to $60,000. Allows a taxpayer to claim, under conditions prescribed by the Secretary of the Treasury or his delegate, an additional exemption which would otherwise be allowed his estate upon his death. Revises the gift tax exemption permitted for gifts to spouses from one half of the transferred property's value to so much of its value as does not exceed $240,000, plus one half of the excess. Extends from 10 to 15 the number of equal installments in which estate taxes on an estate consisting largely of an interest in closely held business may be paid. Permits the Secretary or his delegate, with the taxpayer's consent, to impose a lien on the closely held business assets which constitute the basis for the extension. Allows such lien in lieu of requiring a bond, but treats it as a bond for purposes of the discharge of fiduciary liability. Requires the Secretary or his delegate to study: (1) hardship extensions of the time for payment of estate tax and installments thereof; and (2) extensions of time for payment of estate tax where the estate consists largely of an interest in a closely held business as such extensions affect decisions to continue or dispose of a small or closely held business. Orders a report of such study to be submitted to Congress within 12 months of enactment of these provisions, such report to include findings, conclusions, and recommendations for legislation.
Bill· HRH.R. 11704 (94th)referred
United States · United States Congress · 4 February 1976
Amends the Internal Revenue Code to allow a tax credit for amounts received by an individual as a pension, annuity, or other benefit under a retirement system maintained by the United States or any agency thereof to the extent that such amounts do not exceed the maximum social security benefit for the year. Defines the term "maximum social security benefits" to include the maximum amount of earnings which could be received by an individual entitled to old-age insurance benefits without a reduction in such benefits. Reduces the retirement tax credit of an individual who has attained age 62 before the close of the taxable year by 50 percent of the amount of earned income in excess of the maximum amount certified under the provisions of this Act.
Bill· HRH.R. 11673 (94th)referred
United States · United States Congress · 3 February 1976
Increases, under the Social Security Act and the Internal Revenue Code, the ceiling on the amount of earnings which may be counted for social security benefit and tax purposes. Sets forth proposed ceilings of $15,300 for calendar year 1976, $22,200 for calendar year 1977, $26,100 for calendar year 1978, and $28,500 for calendar year 1979.
Bill· HRH.R. 11657 (94th)referred
United States · United States Congress · 3 February 1976
Amends the Internal Revenue Code to require that services performed by a spouse shall be treated as consideration in money's worth for the purpose of determining whether a spouse furnished adequate consideration for jointly held property so as to qualify for an exclusion from the Federal estate tax.
Bill· HRH.R. 11641 (94th)referred
United States · United States Congress · 3 February 1976
Amends the Internal Revenue Code to exempt nonprofit volunteer firefighting or rescue organizations from the excise tax on sales of special fuels, automotive parts, petroleum products, and communication services.
Bill· HRH.R. 11651 (94th)referred
United States · United States Congress · 3 February 1976
Depressed Area Tax Relief Act - Allows a 15 percent investment tax credit under the Internal Revenue Code for investments certified by the Secretary of Commerce as depressed area property. Recaptures the aggregate increase in the investment credit for all prior years which resulted from treating the property as certified depressed area property if during any taxable year such property ceases to be depressed area property. Entitles every person to elect a deduction with respect to the amortization of any certified depressed area real property based on a period of 120 months. Defines the terms used in this Act.
Bill· HRH.R. 11642 (94th)referred
United States · United States Congress · 3 February 1976
Internal Revenue Administration Act - Establishes the Internal Revenue Administration in the executive branch of the Federal Government for the purpose of administering and enforcing the Internal Revenue Code. Prescribes the terms and conditions of office for the Administrator of the Internal Revenue Administration. Transfers all present functions, instructions, rules, or regulations which were promulgated or administered by the Secretary of the Treasury of his delegate with respect to the enforcement of the Internal Revenue Code, to the Internal Revenue Administration.
Bill· HRH.R. 11643 (94th)referred
United States · United States Congress · 3 February 1976
Amends the Internal Revenue Code to change the excise tax on large cigars to an ad valorem tax based on wholesale price per thousand. Requires every manufacturer of tobacco products, every importer, and every export warehouse proprietor to maintain records which shall be available for inspection by Internal Revenue officers. Defines the term "wholesale price" with respect to cigars.
Resolution· HRESH.Res. 1010 (94th)referred
United States · United States Congress · 3 February 1976
Creates a nine member House Select Committee on the Fiscal Problems of Cities. Directs the committee to conduct a study to identify the nature and causes of problems afflicting large cities which face severe fiscal imbalance. Provides that consideration shall be given problems which contribute to the financial plight of cities, including: (1) net outmigration of population; (2) decline in employment opportunities; (3) adverse city/suburban relationships; (4) cost of public services; (5) rising crime rates; (6) lack of new investment in housing; and (7) racial, ethnic, and economic segregation. Calls upon the committee to develop a policy regarding the appropriate role of various levels of government in the solution of such problems. Requires the committee to evaluate the consequences of, and coordination among, existing Federal policies and programs which relate to the major problems identified by the committee. Directs the committee to formulate specific recommendations regarding Federal legislation and executive administrative action for modifications of or alternatives to present Federal programs.
Bill· SS. 2909 (94th)referred
United States · United States Congress · 2 February 1976
Capital Formation Incentive Act - Amends the Internal Revenue Code to: (1) exclude from gross income up to $500 of interest and dividends received on savings deposits with a financial institution; (2) exclude from gross income up to $1,000 of amounts realized as gain by an individual from the sale or exchange of stock or securities which are capital assets in the hands of the taxpayer; (3) reduce the corporate normal tax and the surtax and to increase the corporate surtax exemption; (4) increase the carryover period for unused investment credits; (5) exclude from gross income dividends paid to an individual by a domestic corporation in an amount up to 25 percent of the taxpayer's taxable income; (6) allow corporations a deduction for dividends paid on preferred stock; and (7) allow 12 month amortization of pollution control facilities.
Bill· SS. 2897 (94th)referred
United States · United States Congress · 29 January 1976
Amends the Internal Revenue Code to exempt farmers from the highway use tax on heavy trucks if the farmer (1) uses such vehicle primarily for farming purposes, and (2) is not a corporation with gross receipts in excess of $950,000 or with gross receipts more than 50 percent of which are from activities other than farming.
Bill· SS. 2896 (94th)referred
United States · United States Congress · 29 January 1976
Amends the Internal Revenue Code to impose an additional excise tax on cigarettes at the rate of $2.50 per thousand. Establishes the Heart, Lung, and Environmental Health Medical Research Fund in the Treasury of the United States. Appropriates to the fund such amounts as are collected under the cigarette excise tax imposed by this Act. Stipulates that 66 percent of such amounts shall be used for National Cancer Institute research, 31 percent shall be used for National Heart Institute research, and 3 percent shall be used for research by the National Institute of Environmental Health Services.
Law· HRH.R. 11598 (94th)open
United States · United States Congress · 29 January 1976
Authorizes the appropriation of $331,687,000 for the United States Information Agency to carry out international informational activities and programs under the United States Information and Educational Exchange Act of 1948, the Mutual Educational and Cultural Exchange Act of 1961, and the Reorganization Plan Numbered 8 of 1953.
Bill· HRH.R. 11606 (94th)referred
United States · United States Congress · 29 January 1976
Amends the Internal Revenue Code to allow a limited tax credit in an amount of $250 for each individual who is at least 61 years of age before the beginning of the taxable year, whose principal place of abode during the taxable year is the principal residence of the taxpayer, and who is not a lodger with the taxpayer.
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