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551 records in US in 1978
United States · United States Congress · 4 April 1978
Amends the Hazardous Materials Transportation Act to authorize appropriations in such amounts as may be necessary to carry out the provisions of such Act for fiscal years 1979 and 1980.
United States · United States Congress · 4 April 1978
Amends the Internal Revenue Code to increase the employer's income tax credit for new employees where the new employees are graduates of Opportunities Industrialization Centers.
United States · United States Congress · 4 April 1978
Amends the Internal Revenue Code to allow an additional income tax exemption for a taxpayer or his spouse who is deaf.
United States · United States Congress · 4 April 1978
Amends the Internal Revenue Code to provide that an individual's allowable charitable contributions shall be deducted when determining the individual's adjusted gross income, thereby allowing the deduction to individuals who do not itemize.
United States · United States Congress · 3 April 1978
Amends the Arms Control and Disarmament Act to authorize appropriations for fiscal year 1979 for the Arms Control and Disarmament Agency and the International Atomic Energy Agency.
United States · United States Congress · 3 April 1978
Amends the Internal Revenue Code to expand the participation requirements of employee stock ownership plans by disallowing the 11 percent investment credit for funding the plans if they exclude any employees, including employees otherwise covered by collective bargaining arrangements, from participation.
United States · United States Congress · 3 April 1978
Amends the Internal Revenue Code to allow individuals to amortize otherwise nondeductible rehabilitation expenditures for certified historic structures.
United States · United States Congress · 3 April 1978
Amends the Internal Revenue Code to allow a deduction for donations of blood equal to $25 for each pint donated.
United States · United States Congress · 23 March 1978
Amends the Internal Revenue Code to reduce corporation tax rates by establishing a graduated scale ranging from a minimum of 18 percent for taxable income under $25,000 up to $64,500 plus 46 percent (diminished over five years to 42 percent) for income over $200,000.
United States · United States Congress · 23 March 1978
Amends the Internal Revenue Code to increase from 20 percent to 40 percent the permissable variance from the useful life of property established by the Secretary of the Treasury for depreciation purposes.
United States · United States Congress · 23 March 1978
Amends the Internal Revenue Code to increase the personal exemption, the zero bracket amount, the general tax credit, and the earned income credit. Sets forth new tax tables with lower rates.
United States · United States Congress · 23 March 1978
Amends the Internal Revenue Code to increase the investment credit from 10 to 12 percent (and from 11 to 13 percent for the additional credit), to remove the January 1, 1981, termination date, and to make such credit permanent. Directs the Secretary of the Treasury to pay each State, political subdivision thereof, and each tax-exempt organization investing in certain depreciable property a sum equal to 25 percent of the amount of the investment credit such tax-exempt entity would be allowed if liable for tax. Allows for years between December 31, 1978, and January 1, 1984, an investment credit for certain depreciable property including buildings and their structural components if such property is placed in service in a high-unemployment area.
United States · United States Congress · 23 March 1978
Amends the Internal Revenue Code to allow a tax credit against an employer's liability for his employees' withholding tax, in the amount of certified hourly employment benefits (between $.50 and $1.00 per hour) attributable to the employment of eligible youth certified by a prime sponsor under the Comprehensive Employment and Training Act of 1973, as amended by the Comprehensive Employment and Training Amendments of 1978.
United States · United States Congress · 23 March 1978
Amends the Internal Revenue Code to allow an individual a credit against the individual income tax equal to ten percent of any social security taxes paid by that individual during the taxable year.
United States · United States Congress · 23 March 1978
Amends the Internal Revenue Code to allow an individual a credit against the individual income tax equal to 20 percent of any social security taxes paid by that individual during the taxable year.
United States · United States Congress · 22 March 1978
Amends the Internal Revenue Code to allow public utilities to exclude from gross income, as contributions to capital, all amounts received in aid of construction of electric energy, steam, or gas facilities.
United States · United States Congress · 22 March 1978
Investment Incentive Act - Amends the Internal Revenue Code to restore the pre-1969 tax treatment of capital gains and losses. Repeals the 50 percent deduction for capital gains as an item of tax preference for the minimum tax. Lowers the alternative tax on corporate capital gains to 25 percent from 30 percent. Sets the alternative tax on individual capital gains at a maximum rate of 25 percent of net capital gain. Allows both short-term and long-term capital losses to be deducted dollar for dollar from ordinary income up to a maximum deduction of $1,000 for both.
United States · United States Congress · 22 March 1978
Amends the Internal Revenue Code to allow individuals to amortize otherwise nondeductible rehabilitation expenditures for certified historic structures.
United States · United States Congress · 22 March 1978
Amends the Internal Revenue Code to exclude income tax deductible retirement savings payable as an annuity to an individual and his spouse from the gross estate of the individual. Exempts such savings from treatment as taxable transfers for purposes of the gift tax.
United States · United States Congress · 22 March 1978
Tuition Tax Credit Act - Amends the Internal Revenue Code to allow a temporary income tax credit for a portion of the tuition paid for the education of the taxpayer and his dependents and spouse. Increases the credit over three years to one-half of the first $200 paid for each elementary or secondary student and one-half of the first $500 paid for each post-secondary student. Terminates this credit after 1980. Forbids any construction of this Act as granting additional authority to examine the books or activities of church schools except to the extent necessary to determine if they are elementary, post-secondary or secondary educational institutions. Provides for the immediate certification of any judicial action brought in a United States district court concerning the constitutionality of this Act to the appropriate circuit court of appeals. Authorizes direct appeal to the Supreme Court of any decision by a circuit court. Directs the expedited consideration of such a case at both judicial levels.
United States · United States Congress · 22 March 1978
Human Investment Tax Incentive Act - Allows a tax credit, under the Internal Revenue Code, in an amount equal to 20 percent of employee training expenses. Limits such credit to an amount not to exceed so much of the liability for tax as does not exceed $50,000 plus 50 percent of so much of the liability for tax as exceeds $50,000. Defines "employee training expenses" as the wages and salaries of employees enrolled in an apprenticeship program or a cooperative education program or the tuition and course fees paid by the taxpayer for improving the job-related skills of an employee.
United States · United States Congress · 22 March 1978
College Tuition Tax Credit Act - Amends the Internal Revenue Code to allow individuals an income tax credit for a portion of the higher education tuition (including vocational school tuition) paid for dependents for whom they are entitled to personal exemptions. Limits the credit to 50 percent of the tuition payment which exceeds 5 percent of the taxpayer's adjusted gross income, and to $500 per dependent.
United States · United States Congress · 21 March 1978
Amends the Internal Revenue Code to prohibit the treatment of employer-related private foundation scholarships as taxable expenditures solely because of the percentage of applications accepted if the percentage of applications accepted is less than 50.
United States · United States Congress · 21 March 1978
Tuition Tax Relief Act - Amends the Internal Revenue Code to allow individuals a limited tax credit for a portion of the tuition expenses paid for their dependents, spouses and selves. Raises the limitation from one-half of the first $1,000 in expenses per individual to one-half of the first $2,000 in expenses per individual incurred after July 31, 1980. Provides for expedited review of all judicial challenges to this Act by requiring certification of all cases to the appropriate United States Court of Appeals, with a right of appeal to the Supreme Court and with a requirement of expedited consideration by both courts.
United States · United States Congress · 21 March 1978
Amends the Internal Revenue Code to provide that State and local government retirement systems shall be tax exempt organizations. Exempts these systems from the reporting requirements pertaining to deferred compensation. Treats all such systems as qualified pension plans under the code.
United States · United States Congress · 21 March 1978
Small Business Tax Reform Act - Amends the Internal Revenue Code to replace the corporate income tax rates with a graduated, five-tier rate schedule, imposing the uppermost (48 percent) marginal rate upon income in excess of $100,000.
United States · United States Congress · 20 March 1978
Amends the Marine Protection, Research, and Sanctuaries Act of 1972 to authorize appropriations to carry out the Act during fiscal years 1979 and 1980.
United States · United States Congress · 20 March 1978
Eliminates the right to a jury trial in civil actions against the United States for recovery of wrongfully collected taxes, tax penalties, or other sums under internal revenue laws.
United States · United States Congress · 20 March 1978
Amends the Central, Western, and South Pacific Fisheries Development Act to authorize appropriations to carry out the Act until the close of fiscal year 1983.
United States · United States Congress · 20 March 1978
Permits a taxpayer to continue to treat, at his option, a payment of compensation under a nonqualified compensation reduction plan as payable to him in a later tax year, despite a proposed Treasury Department rule which would require such payment to be treated as payable to the taxpayer in the year it would have been payable but for the taxpayer's exercise of his option.
United States · United States Congress · 20 March 1978
Amends the Internal Revenue Code to allow farmers an income tax deduction for the wholesale market value of crops which are not economically feasible for harvesting and are harvested and donated for charitable organizations for use in the organizations' charitable work.
United States · United States Congress · 20 March 1978
Amends the Federal Civil Defense Act of 1950 to authorize appropriations for fiscal years 1979 through 1985 to carry out the provisions of such Act.
United States · United States Congress · 20 March 1978
Reverses Revenue Ruling 77-85 in order to restore the tax treatment formerly extended policy holders receiving dividends and interest on custodial account annuity contracts and the insurance companies maintaining the assets.
United States · United States Congress · 20 March 1978
Amends the Internal Revenue Code to repeal the carryover basis provisions enacted by the Tax Reform Act which provide that beneficiaries receiving property from a decedent's estate will retain the decedent's basis in the property. Restores prior law which "stepped up" or stepped down" the property's basis to its market value at the time of death without imposing tax consequences on the appreciation or depreciation the property underwent while held by the decedent.
United States · United States Congress · 20 March 1978
Amends the Internal Revenue Code to provide graduted income tax rates for corporations with a maximum rate of 45 percent on income in excess of $150,000 and a minimum rate of 18 percent on income not in excess of $25,000.
United States · United States Congress · 16 March 1978
Extends until January 1, 1983, provisions of the Tax Reform Act of 1976 which exclude from gross income a discharge of indebtedness under certain student loan programs.
United States · United States Congress · 16 March 1978
Amends the Internal Revenue Code to provide that all amounts, compensation, goods and services received as National Research Service Awards under the Public Health Service Act since July 12, 1974, are excludable from gross income to the same extent as scholarships and fellowship grants. Provides a minimum period of limitations for refunds of taxes assessed on such amounts of one year commencing with the date of this enactment.
United States · United States Congress · 16 March 1978
Amends the Internal Revenue Code to allow Members of State legislatures the same income tax business deduction for living expenses as is allowed Members of Congress.
United States · United States Congress · 16 March 1978
Amends the Internal Revenue Code to allow individuals an income tax credit for half of the first $6000 in tuition paid for each of their dependents at an elementary, secondary or vocational school. Reduces the maximum credit according to a progressive scale for middle and high income individuals.
United States · United States Congress · 16 March 1978
Makes supplemental appropriations for disaster relief for fiscal year 1978.
United States · United States Congress · 15 March 1978
Directs the Secretary of the Treasury to conduct a study and report to Congress on methods by which the process of filing Federal income tax returns by individuals could be made simpler, more efficient, and less costly by increasing the availability of taxpayer assistance programs, by improving the manner in which the commercial preparation of such returns is monitored, and by simplifying Federal income tax forms.
United States · United States Congress · 15 March 1978
Amends the Securities Exchange Act of 1934 to authorize appropriations for the Securities and Exchange Commission for fiscal years 1979, 1980, and 1981. Postpones until November 1, 1979, the effective date of the prohibition against a member of a national securities exchange trading on its own account or that of an associate for those members who were members on May 1, 1975.
United States · United States Congress · 15 March 1978
Amends the Internal Revenue Code to limit, at the taxpayer's election, the recapture of estate taxes not paid on specially valuated farm real property in cases of involuntary conversions to so much of the amount realized on the conversion as is not reinvested in replacement property. Provides for an upward adjustment to the carried-over basis of such property to the extent that additional estate taxes are assessed.
United States · United States Congress · 14 March 1978
Amends the Internal Revenue Code to allow employers and employees an income tax credit for a portion of the social security taxes paid during the taxable year.
United States · United States Congress · 14 March 1978
Permits a taxpayer to continue to treat, at his option, a payment of compensation under a nonqualified compensation reduction plan as payable to him in a later tax year, despite a proposed Treasury Department rule which would require such payment to be treated as payable to the taxpayer in the year it would have been payable but for the taxpayer's exercise of his option.
United States · United States Congress · 14 March 1978
Amends the Reservoir Salvage Act of 1960, as amended, to authorize appropriations to the Secretary of the Interior for fiscal years 1979-1983 for administration, investigation, and salvage operations of the program providing for recovery, protection, and preservation of significant scientific, prehistorical, historical, or archeological data which may be lost through federally regulated, permitted, or licensed construction projects.
United States · United States Congress · 13 March 1978
Tax Indexation Act - Amends the Internal Revenue Code to subject zero bracket amounts, personal exemptions, the corporate surtax exemption, limitations on individual retirement accounts and Keough contributions, the gift exclusion, the unified estate and gift tax credits, and the basis of assets to an annual cost-of- living adjustment, whereby each currently listed dollar amount shall be increased by an amount equal to such dollar amount multiplied by two-thirds of the increase in the Consumer Price Index over the two preceding years. Grants the President power to suspend such adjustments, subject to veto by either House of Congress.
United States · United States Congress · 13 March 1978
Authorizes appropriations for the Coast Guard for fiscal year 1979. Sets forth the authorized end strength level for active duty personnel and the average military training student load for the Coast Guard for such fiscal year. Authorizes the Coast Guard to enter into a long term lease for the purpose of acquiring land on the Quillayute Indian Reservation in the State of Washington in order to relocate the Quillayute River Coast Guard Station.
United States · United States Congress · 13 March 1978
Amends the Internal Revenue Code to exclude from the gross income of an employee amounts paid or expenses incurred by the employer for educational assistance to the employee. Limits to 25 percent the amount of payments which may be made by such programs to shareholders or owners (or their spouses or dependents), each of whom owns more than five percent of the stock or of the capital or profits interest in the employer.
United States · United States Congress · 13 March 1978
Amends the Marine Mammal Protection Act of 1972 to authorize appropriations for fiscal years 1979 and 1980.