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Bill· HRH.R. 1987 (103rd)referred
United States · United States Congress · 5 May 1993
Taxpayer's Right to View Act of 1993 - Amends the Communications Act of 1934 to prohibit a cable operator from assessing separate charges for any video programming of a sporting, theatrical, or other entertainment event if that event is performed at a facility constructed, renovated, or maintained with tax revenues or by an organization that receives public financial support. Authorizes the Federal Communications Commission and local franchising authorities to make determinations concerning the applicability of such prohibition. Sets forth conditions under which a facility is considered to have been constructed, maintained, or renovated with tax revenues. Considers events performed by nonprofit or public organizations that receive tax subsidies to be subject to this Act if the event is sponsored by, or includes the participation of a team that is part of, a tax exempt organization.
Bill· HRH.R. 2000 (103rd)referred
United States · United States Congress · 5 May 1993
Amends the Internal Revenue Code to exempt from the occupational excise tax on wagering any tax-exempt charitable organization and any person engaged in receiving wagers only on behalf of such organization, if the only wagers accepted by the organization (and the person) are authorized under the law of the State in which accepted. Provides for taxing a percentage of wagering winnings in excess of charitable expenditures.
Bill· HRH.R. 2001 (103rd)referred
United States · United States Congress · 5 May 1993
Repeals the provision of the Tax Reform Act of 1986 that requires certain games of chance conducted by a nonprofit organization to be treated as an unrelated trade or business for tax purposes. Allows the refund or credit of any resulting overpayment if a claim is filed before the end of the one-year period beginning on the date of enactment of this Act.
Bill· HRH.R. 1995 (103rd)referred
United States · United States Congress · 5 May 1993
Amends the Internal Revenue Code to treat a child of divorced parents as having received over half of his support from a noncustodial parent (thus, allowing such individual a tax exemption) if: (1) the custodial parent refuses to release claim to exemption and does not contribute to support of the child; and (2) the noncustodial parent provides over half of the support for the child and is entitled to claim the child as a dependent.
Bill· HRH.R. 1993 (103rd)referred
United States · United States Congress · 5 May 1993
Amends the Internal Revenue Code to make available to an employer an income tax credit for expenses paid or incurred to acquire, construct, rehabilitate, or expand a qualified on-site day care facility operated by the employer for the care of enrollees, at least 30 percent of whom must be dependents of the employer's employees. Terminates the credit after December 31, 1996.
Bill· SS. 882 (103rd)open
United States · United States Congress · 4 May 1993
Family Farm Retirement Equity Act of 1993 - Amends the Internal Revenue Code with respect to nontaxable exchanges to allow the rollover of gain from the sale of a qualified farm asset into one or more individual retirement plans, to be known as asset rollover accounts. Denies an itemized deduction for contributions to such accounts and sets forth contribution limitations. Provides that rollover contributions to an asset rollover account may be made only from other such accounts. Sets forth reporting requirements for individuals making contributions to such accounts and taxes excess contributions.
Bill· SS. 868 (103rd)open
United States · United States Congress · 4 May 1993
Firearm Victims Prevention Act - Amends the Internal Revenue Code to increase the excise tax on manufacturers of certain handguns, assault weapons, and ammunition. Imposes a retail excise tax on the sale, transfer, or other disposition of such weapons and ammunition. Establishes the Health Care Trust Fund to make grants to facilities providing medical care to gunshot victims. Amends the Federal criminal code to increase the license application fees for dealers in firearms. Appropriates to the Trust Fund certain revenue from the excise taxes and the increased fees.
Bill· SS. 885 (103rd)open
United States · United States Congress · 4 May 1993
Congressional Ethics Reform Act - Prohibits a Member of Congress or employee of the legislative branch from soliciting or accepting a gift from any source except as provided in this Act. Provides that a gift accepted under the standards set forth in this Act shall not constitute an illegal gratuity otherwise prohibited by Federal law. Prohibits such a Member or employee from: (1) accepting a gift in return for being influenced in the performance of an official act; (2) soliciting or coercing the offering of a gift; (3) accepting gifts on a basis so frequent that a reasonable person would be led to believe the Member or employee is using his or her public office for private gain; (4) accepting a gift in violation of any statute; or (5) accepting vendor promotional training contrary to any applicable regulations, policies, or guidance relating to the procurement of supplies and services for the Congress. Specifies conditions under which such prohibitions shall not apply with respect to: (1) gifts of $20 or less; (2) gifts based on a personal relationship; (3) discounts and similar benefits based on affiliation; (4) honorary degrees; (5) gifts based on outside business or employment relationships; (6) political events; (7) widely attended gatherings and other specified events; (8) food or entertainment in the course of official foreign travel or attendance at an event sponsored by a foreign government; (9) gifts accepted under specific statutory authority; and (10) items intended primarily for free distribution to constituents. Sets forth provisions regarding disposition by a Member or employee of prohibited gifts received, including permitting use of appropriated funds and franked mail to return such gifts. Provides that a Member or employee who promptly complies with disposition requirements shall not be deemed to have improperly accepted a gift. Repeals provisions of: (1) the Ethics in Government Act of 1978 permitting payments of honoraria on behalf of a Member, officer, or employee to a charitable organization or to an organization from which such an individual, his or her spouse, or any relative derives any financial benefit; and (2) the Ethics Reform Act of 1989 regulating acceptance of gifts and payment of foreign travel for Members, officials, or employees of the Senate, their spouses, or dependents. Directs the House Committee on Standards of Official Conduct and the Senate Select Committee on Ethics to prescribe rules establishing the conditions under which their respective Houses may accept payment, or authorize a Member or employee to accept payment on the House's behalf, from non-Federal sources for travel, subsistence, and related expenses with respect to attendance of the Member or employee (or his or her spouse) at any meeting or similar function relating to official duties. Requires the Committees to publish reports in the Congressional Record of payments accepted above $250. Prohibits a Member or employee from knowingly soliciting contributions from any registered lobbyist for a tax-exempt organization. Provides that the fact that the name of a Member or employee is on the letterhead of a solicitation is not sufficient to establish that the named Member or employee has solicited a contribution.
Bill· SS. 874 (103rd)open
United States · United States Congress · 4 May 1993
Impact Aid Reauthorization Act of 1993 - Reauthorizes and revises Federal law relating to financial assistance for local educational agencies in areas affected by Federal activity (impact aid). Extends the authorization of appropriations and authorizes additional appropriations for deposit in a contingency fund. Requires certain reservations of funds for: (1) impact aid relating to Federal acquisition of real property; (2) the contingency fund; and (3) heavily impacted need areas. Requires forward funding. Adds a hold harmless provision under impact aid relating to Federal acquisition of real property, whereby no eligible local educational agency (LEA) shall receive less than 90 percent of the preceding year's amount in payment for any fiscal year. Revises impact aid relating to federally connected children with respect to computation of payments, giving various weights in the formula to different categories of such children (with more emphasis given to children living on Indian lands and children in special education programs). Revises provisions for sudden and substantial changes in attendance to include increases resulting from base closure or military realignment activities. Directs the Secretary of Education to report certain expenditures within 30 days and include certain costs in annual budget submissions. Authorizes appropriations. Revises the method of making Federal impact aid payments. Includes a learning opportunity threshold to allow eligible LEAs to provide all their children a basic opportunity to learn. Requires States to meet an adequacy threshold before they can apply for equalization of State aid payments to all LEAs. Establishes a National Advisory Panel on School Finance and Impact Aid Equalization. Directs the Secretary of Defense to reserve certain amounts to provide supplemental impact aid to LEAs in cases of high need related to military changes. Establishes the Department of Education Contingency Fund for special impact aid under certain conditions. Requires negotiated rulemaking under certain conditions.
Bill· SS. 886 (103rd)referred
United States · United States Congress · 4 May 1993
National Immunization Act - Amends the Social Security Act (SSA) to: (1) give States, in order to be eligible for enhanced Federal payments, the option of covering under their Medicaid (SSA title XIX) plans childhood immunization services for children of families with incomes up to 185 percent of the poverty line; (2) require States which exercise such option to implement simplified application and billing procedures for such services; (3) allow States with approved Medicaid plans to contract with manufacturers to supply vaccines for administration to children of Medicaid-eligible families at Federal discounted prices; and (4) give States the option of reducing AFDC (Aid to Families with Dependent Children) payments under SSA title IV part A to families with children who have not received appropriate immunizations. Amends the Internal Revenue Code to reinstate and continue indefinitely the imposition of taxes on certain vaccines under the National Vaccine Injury Compensation Program. Amends the Omnibus Budget Reconciliation Act of 1989 to reauthorize and extend such Program. Requires a study and report to the Congress by the Secretary of the Treasury on Program funding and payments and whether additional vaccines should be included in the Program. Requires the Secretary of Health and Human Services to develop and disseminate to all hospitals that provide maternity services informational materials on immunization and well-baby care. Requires providers of such services to disseminate such materials to new parents served by them in order to be eligible for funds under SSA titles XVIII (Medicare) or XIX.
Bill· SS. 880 (103rd)referred
United States · United States Congress · 4 May 1993
Requires interest income from certain qualified leased property transactions of rural electric cooperatives to be offset by rental expenses of such transactions before allocating income or expense to members and nonmembers of such cooperatives for purposes of the accelerated cost recovery system of the Internal Revenue Code.
Bill· SS. 876 (103rd)referred
United States · United States Congress · 4 May 1993
TABLE OF CONTENTS: Title I: Training and Investment Inventives Subtitle A: Provisions Relating to Education and Training Subtitle B: Investment Incentives Subtitle C: Tax-Exempt Bond Provisions Subtitle D: Expansion and Simplification of Earned Income Tax Credit Subtitle E: Incentives for Investment in Real Estate Subtitle F: Other Changes Title II: Revenue Increase Subtitle A: Provisions Affecting Individuals Subtitle B: Provisions Affecting Businesses Subtitle C: Foreign Tax Provisions Subtitle D: Energy Tax Provisions Subtitle E: Compliance Provisions Subtitle F: Miscellaneous Provisions Title III: Empowerment Zones and Enterprise Communities Revenue Reconciliation Act of 1993 - Title I: Training and Investment Incentives - Subtitle A: Provisions Relating to Education and Training - Amends the Internal Revenue Code to make permanent after June 30, 1992: (1) the tax exclusion of employer-provided educational assistance; and (2) the targeted jobs credit. Allows the use of the targeted jobs credit, with limitations, for the hiring of a qualified participant in an approved school-to-work program. Subtitle B: Investment Incentives - Part I: Investment Tax Credit - Allows a small business regular tax credit for eligible small businesses of five percent of their qualified investment in depreciable property. Allows such credit to offset a percentage of the minimum tax. Increases the investment tax credit for 1993 and 1994 for qualified investments. Provides for ratably including the current year business credit in gross income. Part II: Research Credit - Makes permanent the credit for increasing research activities. Modifies the fixed base percentage of such credit for startup companies for taxable years after 1993. Part III: Incentive For Investment in Small Business Stock - Allows a taxpayer other than a corporation to exclude from gross income 50 percent of gain from the sale or exchange of qualified small business stock held for more than five years. Sets forth rules and limitations for such exclusion. Treats one-half of such exclusion as an item of tax preference for minimum tax purposes. Part IV: Modifications to Minimum Tax Depreciation Rules - Modifies the method of determining the depreciation deduction for certain personal property placed in service after 1993. Eliminates the depreciation adjustment for computing adjusted current earnings for such property. Subtitle C: Tax-Exempt Bond Provisions - Provides a complete tax exemption (currently a 75 percent tax exemption) for bonds used to finance high-speed intercity rail facilities. Permanently extends the authority to issue qualified small issue bonds to finance manufacturing facilities and farm property. Subtitle D: Expansion and Simplification of Earned Income Tax Credit - Repeals certain interaction rules with respect to the medical expense deduction, the deduction for health insurance, and the dependent care credit. Revises credit and phaseout percentages for 1994. Subtitle E: Incentives for Investment in Real Estate - Part I: Extension of Qualified Mortgage Bonds and Low-Income Housing Credits - Makes permanent: (1) the authority to issue qualified mortgage bonds and qualified mortgage credit certificates; and (2) the low-income housing credit. Part II: Modification of Passive Loss Rules - Provides for the treatment of rental real estate activities under the limitations on losses from passive activities. Part III: Provisions Relating to Real Estate Investments by Pension Funds - Modifies exceptions to the exclusion of real property acquired by a qualified organization from the meaning of acquisition indebtedness. Makes certain exceptions inapplicable to sales out of foreclosure by a financial institution. Repeals the special rule for publicly traded partnerships with respect to the treatment of unrelated business taxable income. Permits a tax-exempt title-holding company to receive unrelated business taxable income if the unrelated income is incidentally derived from the holding of real property. Excludes from unrelated business taxable income: (1) gains from the sale, exchange or other disposition of real property acquired from financial institutions that are in conservatorship or receivership; and (2) loan commitment fees and certain option premiums. Part IV: Increase in Recovery Period for Nonresidential Real Property - Increases the depreciation recovery period for nonresidential real property. Subtitle F: Other Changes - Repeals the tax preference for the appreciated property charitable deduction. Disallows an adjustment related to the earnings and profits effects of any charitable contribution from being made in computing adjusted current earnings. Amends the Railroad Retirement Solvency Act of 1983 to make permanent the treatment of certain railroad retirement benefits as received under employer plans. Provides for the temporary extension of the deduction of health insurance costs of self-employed individuals. Title II: Revenue Increases - Subtitle A: Provisions Affecting Individuals - Part I: Rate Increases - Lowers the tax rates for certain taxpayers and increases the tax rate for certain higher incomes. Imposes a surtax on certain higher incomes. Increases the tentative minimum tax for taxpayers other than corporations. Makes permanent the overall limitation on itemized deductions and the phaseout of personal exemptions for high-income taxpayers. Sets forth provisions to prevent the conversion of ordinary income to capital gain in certain financial transactions. Repeals certain exceptions to market discount rules. Provides for the treatment of purchases of stripped preferred stock after April 30, 1993. Revises the methods of: (1) computing the limitation on the deductibility of investment interest; and (2) determining substantial appreciation of partnership inventory items. Part II: Other Provisions - Repeals the limitation on the amount of wages and subject to the health insurance employment tax. Increases and makes permanent the highest estate and gift tax rate. Reduces the deduction for business meals and entertainment expenses. Disallows a tax deduction for social club membership dues, except for employee recreational expenses. Disallows a deduction as a trade or business expense remuneration to certain employees in excess of $1 million. Reduces the compensation taken into account in determining contributions and benefits under qualified retirement plans. Removes qualified residence sales, purchases, or leases and meals from the deduction for moving expenses. Subtitle B: Provisions Affecting Businesses - Increases the tax rate for corporate income in excess of $10 million and the tax rate on personal service corporations. Denies a tax deduction for lobbying expenses. Subjects lobbying organizations to special reporting requirements. Requires any security which is inventory in the hands of the dealer to be included in inventory at its fair market value. Requires any dealer in securities that holds any security which is not in inventory at the close of any taxable year to: (1) recognize gain or loss as if the security were sold on the last business day of the taxable year; and (2) take into account any such gain or loss for such year (the mark-to-market requirement). Requires taking into account, for certain tax purposes: (1) certain Federal Savings and Loan Insurance Corporation (FSLIC) assistance as compensation for loss; and (2) any FSLIC assistance for any debt for determining whether such debt is worthless and in determining the amount of any addition to a reserve for bad debts arising from such worthlessness or partial worthlessness. Increases the required annual payment for corporations that fail to pay estimated income tax. Limits the Puerto Rico and possession tax credit to 60 percent of the possession corporation's qualified possession wages. Modifies the limitation on corporate deductions for interest paid to related persons to take into account disqualified guarantees of indebtedness and the imposition of a gross basis tax. Subtitle C: Foreign Tax Provisions - Part I: Current Taxation of Certain Earnings of Controlled Foreign Corporations - Requires U.S. shareholders of controlled foreign corporations to include in gross income a pro rata share of the corporations' excess passive assets. Sets forth rules for determining such amounts. Modifies the rule on taxation of investment in United States property and takes into account excessive passive assets. Excepts from foreign personal holding income dividends attributable to earnings and profits of the distributing corporation accumulated during any period during which the person receiving such dividend did not hold such stock. Requires the establishment of an excess limitation account by taxpayers who receive foreign tax credits in a year they receive previously taxed earnings and profits. Part II: Allocation of Research and Experimental Expenditures; Treatment of Certain Royalties - Requires a complete allocation and apportionment of research and experimental expenditures from sources within the United States and bases such expenditures attributable to activities conducted outside the United States on gross sales. Treats royalties as passive income for purposes of the foreign tax credit. Part III: Other Provisions - Excludes passive dividends or interest income from foreign oil and gas income. Modifies accuracy-related penalties for tax underpayments. Denies the inclusion of certain contingent interest in the exemption for portfolio interest for nonresident aliens. Authorizes the Secretary of the Treasury to prescribe regulations recharacterizing any multiple-party financing transaction as a transaction directly among any two or more of such parties where appropriate to prevent any tax avoidance. Subtitle D: Energy Tax Provision - Imposes an excise tax on the following energy products: (1) taxable refined petroleum products removed from a U.S. refinery or entered into the United States for consumption, use, or warehousing; (2) natural gas removed in the United States from any pipeline (not part of a local distribution system) for transmission to ultimate users through a local distribution system or for use prior to entry into a local distribution system; (3) coal received at any facility for use as a fuel at such facility; and (4) certain electricity generated in or outside the U.S. Bases the rate of tax on such products on the applicable Btu factor. Declares that no tax is imposed on any taxable energy source which is exported by the person otherwise liable for such tax. Provides for refunds to: (1) ultimate vendors of home heating oil and international commercial transportation; (2) ultimate users in cases of exempt petroleum products; and (3) certain users of methane recovered from biomass or coal mining. Imposes a tax on the use of any fossil fuel (other than coal): (1) in the manufacture or production of a fuel other than at a U.S. refinery; or (2) as a fuel. Specifies the application of such tax and exceptions. Imposes a tax on floor stock of taxable fuels held on the date of the tax increase. Allows a credit against such tax. Provides for such tax increases to begin July 1, 1994. Increases the tax on gasoline and diesel fuels for purposes of the Highway Trust Fund financing rate. Increases the amount to be transferred to the Mass Transit Account from such Fund. Subtitle E: Compliance Provisions - Requires information reporting on payments to corporations for services. Modifies provisions concerning substantial understatement and return-preparer penalties to allow reasonable cause exceptions. Subtitle F: Miscellaneous Provisions - Establishes substantiation requirements for charitable contributions of $750 or more. Sets forth disclosure requirements for an organization that receives a quid pro quo contribution (payment made partly as a contribution and partly in consideration for goods or services provided to the payor by the donee organization). Imposes a penalty for failure to make such disclosure. Expands the 45-day interest-free period for refunding tax overpayments to all returns, as well as to amended returns and claims for refunds. Provides that if interest is not refunded within 45 days after the taxpayer files an amended return or claim for refund, interest will be paid only for periods after the date on which the return or claim is filed. Denies the business travel expense deduction for spouses, dependents, or others. Increases the withholding rate for supplemental wage payments. Title III: Empowerment Zones and Enterprise Communities - Provides for the designation of 100 tax enterprise communities and ten empowerment zones during calendar years after 1993 and before 1996: (1) by the Secretary of Housing and Urban Development, in the case of an urban area; (2) by the Secretary of Agriculture in the case of a rural area; and (3) the Secretary of the Interior for an Indian reservation. Sets forth the eligibility criteria for such designations. Allows a zone resident empowerment savings credit to employers as a general business credit of 50 percent of the qualified savings contributions made to a defined contribution plan on behalf of an employee. Limits the amounts of such contributions. Makes buildings in such communities or zones eligible for the low-income housing credit applicable to buildings in high-cost areas. Provides for the issuance of enterprise zone facility bonds in enterprise communities and empowerment zones in a manner similar to exempt facility bonds. Excludes enterprise zone facility bonds from the interest deduction limitations on financial institutions. Allows an empowerment zone employment credit to employers for a percentage of qualified zone wages paid during calendar years 1994 through 2004. Limits the amount of such credit. Increases the limitation on expensing certain depreciable business assets. Increases the volume cap applicable to enterprise zone facility bonds if the business owners meet specified ownership requirements with regard to abiding in such zones. Allows the use of the targeted jobs credit for hiring empowerment zone residents.
Bill· SS. 877 (103rd)referred
United States · United States Congress · 4 May 1993
Repeals the provision of the Tax Reform Act of 1986 that requires certain games of chance conducted by a nonprofit organization to be treated as an unrelated trade or business for tax purposes.
Bill· HRH.R. 1958 (103rd)open
United States · United States Congress · 4 May 1993
TABLE OF CONTENTS: Title I: Provisions Relating to Distressed Urban and Rural Areas Subtitle A: Designation and Tax Incentives Subtitle B: Redevelopment Bonds for Tax Enterprise Zones Title II: Areas Affected by Military Base Closings or Reductions in Military Base Employment Treated as Enterprise Zones Title I: Provisions Relating to Distressed Urban and Rural Areas - Declares it to be the purpose of this title to establish a demonstration program of providing incentives for the creation of tax enterprise zones in order to: (1) revitalize economically and physically distressed areas; (2) promote meaningful employment for zone residents; and (3) encourage individuals to reside in the zones in which they are employed. Subtitle A: Designation and Tax Incentives - Amends the Internal Revenue Code to provide for the designation of tax enterprise zones during calendar years after 1991 and before 1997: (1) by the Secretary of Housing and Urban Development, in the case of an urban tax enterprise zone; and (2) by the Secretary of Agriculture, in the case of a rural development investment zone. Sets forth the eligibility criteria for such designation for urban tax enterprise zones and for rural development investment zones. Makes areas within Indian reservations ineligible for such designations. Allows an enterprise zone employment credit as a general business credit of 15 percent of the qualified zone wages. Allows a deduction for the purchase of enterprise zone stock paid in cash. Excludes from gross income 50 percent of qualified capital gain recognized on the sale or exchange of a new qualified zone asset held for more than five years. Subtitle B: Redevelopment Bonds for Tax Enterprise Zones - Sets forth special rules for tax-exempt redevelopment bonds which provide financing for tax enterprise zones for the first 60-month period after a zone is so designated. Title II: Areas Affected by Military Base Closings or Reductions in Military Base Employment Treated as Enterprise Zones - Treats the following as tax enterprise zones for purposes of tax incentives set forth in this Act: (1) military installations selected for closure or substantial realignment under a base closure law; and (2) so much of the area around such installations as the Secretary of Commerce determines is adversely affected by closure or realignment. Provides that such zones shall be in addition to those designated under title I.
Bill· HRH.R. 1960 (103rd)open
United States · United States Congress · 4 May 1993
TABLE OF CONTENTS: Title I: Training and Investment Incentives Subtitle A: Provisions Relating to Education and Training Subtitle B: Investment Incentives Subtitle C: Tax-Exempt Bond Provisions Subtitle D: Expansion and Simplification of Earned Income Tax Credit Subtitle E: Incentives for Investment in Real Estate Subtitle F: Other Changes Title II: Revenue Increases Subtitle A: Provisions Affecting Individuals Subtitle B: Provisions Affecting Businesses Subtitle C: Foreign Tax Provisions Subtitle D: Energy Tax Provisions Subtitle E: Compliance Provisions Subtitle F: Miscellaneous Provisions Title III: Empowerment Zones and Enterprise Communities Revenue Reconciliation Act of 1993 - Title I: Training and Investment Incentives - Subtitle A: Provisions Relating to Education and Training - Amends the Internal Revenue Code to make permanent after June 30, 1992: (1) the tax exclusion of employer-provided educational assistance; and (2) the targeted jobs credit. Allows the use of the targeted jobs credit, with limitations, for the hiring of a qualified participant in an approved school-to-work program. Subtitle B: Investment Incentives - Part I: Investment Tax Credit - Allows a small business regular tax credit for eligible small businesses of five percent of their qualified investment in depreciable property. Allows such credit to offset a percentage of the minimum tax. Increases the investment tax credit for 1993 and 1994 for qualified investments. Provides for ratably including the current year business credit in gross income. Part II: Research Credit - Makes permanent the credit for increasing research activities. Modifies the fixed base percentage of such credit for startup companies for taxable years after 1993. Part III: Incentive For Investment in Small Business Stock - Allows a taxpayer other than a corporation to exclude from gross income 50 percent of gain from the sale or exchange of qualified small business stock held for more than five years. Sets forth rules and limitations for such exclusion. Treats one-half of such exclusion as an item of tax preference for minimum tax purposes. Part IV: Modifications to Minimum Tax Depreciation Rules - Modifies the method of determining the depreciation deduction for certain personal property placed in service after 1993. Eliminates the depreciation adjustment for computing adjusted current earnings for such property. Subtitle C: Tax-Exempt Bond Provisions - Provides a complete tax exemption (currently a 75 percent tax exemption) for bonds used to finance high-speed intercity rail facilities. Permanently extends the authority to issue qualified small issue bonds to finance manufacturing facilities and farm property. Subtitle D: Expansion and Simplification of Earned Income Tax Credit - Repeals certain interaction rules with respect to the medical expense deduction, the deduction for health insurance, and the dependent care credit. Revises credit and phaseout percentages for 1994. Subtitle E: Incentives for Investment in Real Estate - Part I: Extension of Qualified Mortgage Bonds and Low-Income Housing Credits - Makes permanent: (1) the authority to issue qualified mortgage bonds and qualified mortgage credit certificates; and (2) the low-income housing credit. Part II: Modification of Passive Loss Rules - Provides for the treatment of rental real estate activities under the limitations on losses from passive activities. Part III: Provisions Relating to Real Estate Investments by Pension Funds - Modifies exceptions to the exclusion of real property acquired by a qualified organization from the meaning of acquisition indebtedness. Makes certain exceptions inapplicable to sales out of foreclosure by a financial institution. Repeals the special rule for publicly traded partnerships with respect to the treatment of unrelated business taxable income. Permits a tax-exempt title-holding company to receive unrelated business taxable income if the unrelated income is incidentally derived from the holding of real property. Excludes from unrelated business taxable income: (1) gains from the sale, exchange or other disposition of real property acquired from financial institutions that are in conservatorship or receivership; and (2) loan commitment fees and certain option premiums. Part IV: Increase in Recovery Period for Nonresidential Real Property - Increases the depreciation recovery period for nonresidential real property. Subtitle F: Other Changes - Repeals the tax preference for the appreciated property charitable deduction. Disallows an adjustment related to the earnings and profits effects of any charitable contribution from being made in computing adjusted current earnings. Amends the Railroad Retirement Solvency Act of 1983 to make permanent the treatment of certain railroad retirement benefits as received under employer plans. Provides for the temporary extension of the deduction of health insurance costs of self-employed individuals. Title II: Revenue Increases - Subtitle A: Provisions Affecting Individuals - Part I: Rate Increases - Lowers the tax rates for certain taxpayers and increases the tax rate for certain higher incomes. Imposes a surtax on certain higher incomes. Increases the tentative minimum tax for taxpayers other than corporations. Makes permanent the overall limitation on itemized deductions and the phaseout of personal exemptions for high-income taxpayers. Sets forth provisions to prevent the conversion of ordinary income to capital gain in certain financial transactions. Repeals certain exceptions to market discount rules. Provides for the treatment of purchases of stripped preferred stock after April 30, 1993. Revises the methods of: (1) computing the limitation on the deductibility of investment interest; and (2) determining substantial appreciation of partnership inventory items. Part II: Other Provisions - Repeals the limitation on the amount of wages and subject to the health insurance employment tax. Increases and makes permanent the highest estate and gift tax rate. Reduces the deduction for business meals and entertainment expenses. Disallows a tax deduction for social club membership dues, except for employee recreational expenses. Disallows a deduction as a trade or business expense remuneration to certain employees in excess of $1 million. Reduces the compensation taken into account in determining contributions and benefits under qualified retirement plans. Removes qualified residence sales, purchases, or leases and meals from the deduction for moving expenses. Subtitle B: Provisions Affecting Businesses - Increases the tax rate for corporate income in excess of $10 million and the tax rate on personal service corporations. Denies a tax deduction for lobbying expenses. Subjects lobbying organizations to special reporting requirements. Requires any security which is inventory in the hands of the dealer to be included in inventory at its fair market value. Requires any dealer in securities that holds any security which is not in inventory at the close of any taxable year to: (1) recognize gain or loss as if the security were sold on the last business day of the taxable year; and (2) take into account any such gain or loss for such year (the mark-to-market requirement). Requires taking into account, for certain tax purposes: (1) certain Federal Savings and Loan Insurance Corporation (FSLIC) assistance as compensation for loss; and (2) any FSLIC assistance for any debt for determining whether such debt is worthless and in determining the amount of any addition to a reserve for bad debts arising from such worthlessness or partial worthlessness. Increases the required annual payment for corporations that fail to pay estimated income tax. Limits the Puerto Rico and possession tax credit to 60 percent of the possession corporation's qualified possession wages. Modifies the limitation on corporate deductions for interest paid to related persons to take into account disqualified guarantees of indebtedness and the imposition of a gross basis tax. Subtitle C: Foreign Tax Provisions - Part I: Current Taxation of Certain Earnings of Controlled Foreign Corporations - Requires U.S. shareholders of controlled foreign corporations to include in gross income a pro rata share of the corporations' excess passive assets. Sets forth rules for determining such amounts. Modifies the rule on taxation of investment in United States property and takes into account excessive passive assets. Excepts from foreign personal holding income dividends attributable to earnings and profits of the distributing corporation accumulated during any period during which the person receiving such dividend did not hold such stock. Requires the establishment of an excess limitation account by taxpayers who receive foreign tax credits in a year they receive previously taxed earnings and profits. Part II: Allocation of Research and Experimental Expenditures; Treatment of Certain Royalties - Requires a complete allocation and apportionment of research and experimental expenditures from sources within the United States and bases such expenditures attributable to activities conducted outside the United States on gross sales. Treats royalties as passive income for purposes of the foreign tax credit. Part III: Other Provisions - Excludes passive dividends or interest income from foreign oil and gas income. Modifies accuracy-related penalties for tax underpayments. Denies the inclusion of certain contingent interest in the exemption for portfolio interest for nonresident aliens. Authorizes the Secretary of the Treasury to prescribe regulations recharacterizing any multiple-party financing transaction as a transaction directly among any two or more of such parties where appropriate to prevent any tax avoidance. Subtitle D: Energy Tax Provision - Imposes an excise tax on the following energy products: (1) taxable refined petroleum products removed from a U.S. refinery or entered into the United States for consumption, use, or warehousing; (2) natural gas removed in the United States from any pipeline (not part of a local distribution system) for transmission to ultimate users through a local distribution system or for use prior to entry into a local distribution system; (3) coal received at any facility for use as a fuel at such facility; and (4) certain electricity generated in or outside the U.S. Bases the rate of tax on such products on the applicable Btu factor. Declares that no tax is imposed on any taxable energy source which is exported by the person otherwise liable for such tax. Provides for refunds to: (1) ultimate vendors of home heating oil and international commercial transportation; (2) ultimate users in cases of exempt petroleum products; and (3) certain users of methane recovered from biomass or coal mining. Imposes a tax on the use of any fossil fuel (other than coal): (1) in the manufacture or production of a fuel other than at a U.S. refinery; or (2) as a fuel. Specifies the application of such tax and exceptions. Imposes a tax on floor stock of taxable fuels held on the date of the tax increase. Allows a credit against such tax. Provides for such tax increases to begin July 1, 1994. Increases the tax on gasoline and diesel fuels for purposes of the Highway Trust Fund financing rate. Increases the amount to be transferred to the Mass Transit Account from such Fund. Subtitle E: Compliance Provisions - Requires information reporting on payments to corporations for services. Modifies provisions concerning substantial understatement and return-preparer penalties to allow reasonable cause exceptions. Subtitle F: Miscellaneous Provisions - Establishes substantiation requirements for charitable contributions of $750 or more. Sets forth disclosure requirements for an organization that receives a quid pro quo contribution (payment made partly as a contribution and partly in consideration for goods or services provided to the payor by the donee organization). Imposes a penalty for failure to make such disclosure. Expands the 45-day interest-free period for refunding tax overpayments to all returns, as well as to amended returns and claims for refunds. Provides that if interest is not refunded within 45 days after the taxpayer files an amended return or claim for refund, interest will be paid only for periods after the date on which the return or claim is filed. Denies the business travel expense deduction for spouses, dependents, or others. Increases the withholding rate for supplemental wage payments. Title III: Empowerment Zones and Enterprise Communities - Provides for the designation of 100 tax enterprise communities and ten empowerment zones during calendar years after 1993 and before 1996: (1) by the Secretary of Housing and Urban Development, in the case of an urban area; (2) by the Secretary of Agriculture in the case of a rural area; and (3) the Secretary of the Interior for an Indian reservation. Sets forth the eligibility criteria for such designations. Allows a zone resident empowerment savings credit to employers as a general business credit of 50 percent of the qualified savings contributions made to a defined contribution plan on behalf of an employee. Limits the amounts of such contributions. Makes buildings in such communities or zones eligible for the low-income housing credit applicable to buildings in high-cost areas. Provides for the issuance of enterprise zone facility bonds in enterprise communities and empowerment zones in a manner similar to exempt facility bonds. Excludes enterprise zone facility bonds from the interest deduction limitations on financial institutions. Allows an empowerment zone employment credit to employers for a percentage of qualified zone wages paid during calendar years 1994 through 2004. Limits the amount of such credit. Increases the limitation on expensing certain depreciable business assets. Increases the volume cap applicable to enterprise zone facility bonds if the business owners meet specified ownership requirements with regard to abiding in such zones. Allows the use of the targeted jobs credit for hiring empowerment zone residents.
Bill· HRH.R. 1956 (103rd)open
United States · United States Congress · 4 May 1993
Minimum Tax Reform Act of 1993 - Amends the Internal Revenue Code to revise adjustments in computing alternative minimum taxable income and allow companies to use the 150-percent declining balance method to compute depreciation, except for environmental assets. Allows a 200 percent declining balance method in the case of computer or peripheral equipment. Allows companies to use pre-1993 minimum tax credits against alternative tax liability for up to 50 percent of that liability, with limitations. Allows businesses to reduce up to 25 percent of their minimum tax liabilty with general business credits.
Bill· HRH.R. 1961 (103rd)open
United States · United States Congress · 4 May 1993
TABLE OF CONTENTS: Title I: Locate and Case Tracking Title II: Establishment Title III: Parentage Title IV: Enforcement Title V: Collection and Distribution Title VI: Federal Role Title VII: State Role Title VIII: Jobs for Unemployed Noncustodial Parents Title IX: Effective Date Interstate Child Support Act of 1993 - Title I: Locate and Case Tracking - (Sec. 101) Amends part D (Child Support and Establishment of Paternity) of title IV of the Social Security Act (SSA) to allow the Federal Parent Locator Service (FPLS) to be used along with appropriate safeguards for parentage establishment and child support and visitation enforcement. Expresses the sense of the Congress that: (1) denial of visitation rights under a child support order should be treated as irrelevant in any action to enforce its support provisions; and (2) failure to pay child support pursuant to such an order should be treated likewise in any action to enforce visitation rights. (Sec. 102) Requires the Secretary of the Treasury to enter into an agreement to provide the Secretary (Secretary) of Health and Human Services (HHS) with access to quarterly estimated Federal income tax returns filed with the Internal Revenue Service (IRS). Requires that: (1) State agencies charged with child support enforcement maintain child support order registries and be allowed access to medical, financial, employment, and other specified data base information on absent parents; (2) registry information from each State be sent to the Office of Child Support Enforcement (OCSE) (designated under title VI of this Act) within HHS for a national registry of all State child support orders. Expresses the sense of the Congress that the Secretary should investigate accessing certain Federal data banks not linked with FPLS. (Sec. 103) Requires the Secretary to expand FPLS to provide State agencies and courts with a national locate and case tracking network. Expresses the sense of the Congress that the network should be used to access State records only through the agency administering the State's part D plan. (Sec. 104) Requires that private attorneys and pro se obligees be given access, in accordance with appropriate safeguards, to State locate resources and enforcement techniques with respect to child support, visitation, and parentage orders. (Sec. 105) Amends the Internal Revenue Code (IRC) to require employers to withhold from employee wages amounts owed for child support. Requires the Secretary of the Treasury to modify the W-4 form completed by new employees in order to enable employers to obtain employee child support and other information for the appropriate State employment security agency. (Sec. 106) Requires the heads of national and regional individual tracking systems to allow child support enforcement agencies access to their information for paternity or child support purposes. (Secs. 107 and 109) Requires that States: (1) broadcast warrants issued in child support proceedings over their crime information systems; (2) remit, in a criminal case, to any individual owed child support any security posted by or on behalf of the individual owing the support and then forfeited, to the extent of any arrearage in support owed; and (3) have procedures to obtain access to financial records for purposes of child support establishment and enforcement. Title II: Establishment - (Sec. 201) Amends the Federal judicial code to establish the jurisdictional basis for State court recognition, enforcement, and modification of parentage and child support orders of other States. (Sec. 202) Amends SSA title IV part D to provide for service of process on Federal employees and members of the armed forces in connection with parentage and child support proceedings. (Secs. 203 through 205, 209, 211, 213, and 214) Requires that: (1) parents' identification and locate information be filed with the appropriate adjudicating entity in parentage and child support actions; (2) there be appropriate safeguards on such information where a court has ordered that the custodial parent or child receive physical protection against the noncustodial parent; (3) appropriate administrative agencies make reasonable attempts to timely notify any individual owed child support of any proceeding to establish, modify, or enforce the support obligation; (4) States allow parties seeking both parentage and child support establishment in a judicial proceeding to bring a joint action in a single cause of action; (5) States provide for continuation of parental child support obligations until they terminate as described; (6) States allow parties to participate in interstate parentage and child support proceedings by telephonic means; (7) marriage licenses, birth certificates, and divorce and parentage decrees contain social security numbers; and (8) appropriate State agencies be allowed subpoena power in connection with child support hearings. Sets forth guidelines for uniform State procedures regarding jurisdiction and venue in parentage and child support cases. (Sec. 209) Expresses the sense of the Congress that, if children receive child support while obtaining postsecondary education, they will attain higher levels of education affording them a greater chance to break the welfare cycle. (Sec. 206) Amends the Consumer Credit Protection Act (CCPA) to allow appropriate State agencies to obtain from credit reporting agencies information for establishing and modifying child support awards. (Sec. 207) Creates a National Child Support Guidelines Commission to study and report to the President and the Congress on national child support guidelines, and to develop such guidelines for congressional consideration should it be advisable. (Sec. 208) Amends SSA title IV part D to specify certain principles to be used in accordance with the application of State child support guidelines. (Secs. 210 and 212) Requires the new OCSE Assistant Secretary to develop a: (1) national subpoena duces tecum for distribution to child support agencies and others to use to reach income information; and (2) uniform abstract of a child support order for State court use. (Sec. 215) Requires the Legal Services Corporation to ensure the use of a specified amount of funding for child support cases. (Secs. 216 and 217) Expresses the sense of the Congress that: (1) children on Indian reservations be accorded the same right of support currently afforded to off-reservation children; (2) State and tribal governments should, to the greatest extent possible, ensure that jurisdictional issues do not prevent any Indian child from receiving the support to which the child is entitled; and (3) States should work with community-based organizations with ties to underserved populations to develop better methods to reach and work with such populations to encourage the filing of more support orders. (Sec. 216) Amends the Indian Child Welfare Act of 1978 to require Indian tribes to give full faith and credit to child support orders of other Indian tribes, to the extent such entities already give full faith and credit to the acts, records, and proceedings of the other entity. (Sec. 217) Amends SSA title IV part D to set forth specific measures designed to secure child support services in underserved areas and combat domestic violence. Title III: Parentage - (Sec. 301) Amends SSA title IV part D to: (1) require States to provide for hospital-based paternity outreach programs and adopt various specified procedures for voluntary paternity acknowledgment; and (2) provide for 90 percent Federal matching for such programs. Expresses the sense of the Congress that, in a proceeding to establish paternity, once paternity is alleged, the burden of proof should shift to the alleged father. Title IV: Enforcement - (Secs. 401 through 403, 405 through 411, 413 through 417, 420, and 424 through 426) Amends SSA title IV part D to: (1) (Sec. 401) require States to mandate that any individual or entity engaged in commerce, as a condition of doing business in that State, comply with wage withholding orders issued by any State court or administrative agency, and keep records of wages withheld for child support; (2) (Sec. 402) specify the priority for applying amounts withheld from income for child support and child health insurance; (3) (Sec. 403) subject to withholding for child support income from workers' compensation and other specified Federal sources; (4) (Sec. 405) prohibit State court application of the election of remedies doctrine to prevent collection of child support; (5) (Secs. 406-407) deny State occupational, professional, and business licenses, and driver's licenses and vehicle registrations to delinquent noncustodial parents; (6) (Secs. 408-410) authorize liens on vehicle titles, seizure of bank accounts, and holds on lottery winnings, settlements, payouts, bequests, and proceeds from the sale of forfeited property to satisfy child support arrearages; (7) (Sec. 411) require States to make a rebuttable presumption that any transfer of property by an individual who owes a child support arrearage is made with the intent to avoid payment of the arrearage; (8) (Sec. 412) revise the mechanism for collection of past-due child support from Federal tax refunds to cover additional children; (9) (Sec. 414) authorize attachment of retirement plan interests without a separate court order to satisfy child support arrearages; (9) (Sec. 415) mandate reporting monthly child support obligations to credit bureaus; (10) (Sec. 416) permit enforcement of any child support order until the child is at least 30; (11) (Sec. 417) require interest on all child support judgments; (12) (Sec. 420) require States to adopt the Uniform Interstate Family Support Act adopted by the National Conference of Commissioners on Uniform Laws in August 1992; (13) (Sec. 424) allow State courts to order the assignment of life insurance benefits and interests in jointly held property to satisfy child support arrearages; and (14) (Sec. 426) require States to treat international child support cases in the same manner as interstate child support cases. (Sec. 404) Amends CCPA with respect to State laws and garnishments for securing child support. Gives Federal debts a lower priority than child support debts when the obligor's disposable income cannot satisfy both debts through withholding. Prohibts employers from discharging any employee whose earnings are subject to garnishment for additional indebtedness arising from a child support order. (Sec. 406) Denies Federal occupational, professional, and business licenses of delinquent individuals until the license hold is released. (Sec. 412) Expresses the sense of the Congress that the IRS Commissioner should instruct IRS field officers and agents to give a high priority to requests for the use of full collection in delinquent child support cases. Requires the Secretary of Treasury to simplify the full collection process and reduce the amount of child support arrearage needed before an individual may apply for full collection. (Sec. 418) Amends the Federal bankruptcy code to: (1) allow parentage and child support case establishment, modification, and enforcement to proceed uninterrupted after a bankruptcy petition is filed; (2) treat as outside chapter 11, 12, or 13 plans any debt owed to child support creditors, except as specified; and (3) allow a claim for payment of a debt for child support to be asserted in court. (Sec. 419) Sets forth requirements pertaining to parentage establishment and child support payments in the armed forces. (Sec. 421) Directs the Comptroller General and Secretary of the Treasury to study an annual reconciliation process for paying child support arrearages as part of the Federal income tax process. (Sec. 422) Authorizes the Secretary of State to refuse, revoke, or restrict passports in cases where the applicant or holder is a noncustodial parent subject to a State arrest warrant for nonpayment of a substantial child support arrearage. (Sec. 423) Prohibits Federal benefits, loans, guarantees, and employment for individuals owing certain child support arrearages. (Sec. 426) Expresses the sense of the Congress that the United States should ratify the United Nations Convention of 1956. Title V: Collection and Distribution - (Secs. 501 through 504) Amends SSA title IV part D to: (1) set priorities for State distribution of child support collections; (2) require States to limit claims against noncustodial parents for reimbursement of a child's portion of AFDC to the amount in the child support order; (3) revise part D plan provisions concerning fees; and (4) require States to provide for collection and disbursement points for child support cases. (Sec. 501) Requires Comptroller General studies and pilot projects with respect to requiring State systems to pay the child support collected under a State plan to the individuals to whom the support is owed before making any payment to reimburse any State for AFDC provided with respect to the child in question. Amends IRC to revise the Federal income tax refund offset mechanism. (Sec. 505) Expresses the sense of the Congress that States should encourage parents to use the State child support agency to process and distribute child support payments. Title VI: Federal Role - (Sec. 601) Amends SSA title IV part D to: (1) designate the separate organizational unit currently charged with various parentage and child support responsibilities as the Office of Child Support Enforcement (OCSE); and (2) change OCSE's organizational structure. (Secs. 602 and 603) Requires: (1) the new OCSE Assistant Secretary to provide training assistance to the States; (2) States to provide for training of child support personnel; and (3) the Secretary to study staffing at State child support enforcement programs and reduce payments to States that have not implemented recommended staffing levels. (Sec. 604) Requires the Secretary to: (1) authorize demonstration projects to test alternative approaches to incentive funding for State child support programs; and (2) reduce payments to States which have not reinvested incentive payments in their child support programs. Provides that "support" under SSA title IV part D with respect to incentive payments to States includes premiums paid for health insurance coverage pursuant to a support order. Expresses the sense of the Congress that States should not use amounts paid to them pursuant to SSA title IV part D, which are reinvested in child support activities, to supplant State funding of such activities. (Secs. 606, 607, and 611) Requires the Secretary to: (1) contract for a study of OCSE's audit process to develop criteria and methodology for auditing activities of State child support enforcement agencies; and (2) provide for State demonstration projects for the purpose of ensuring that custodial parents owed child support have a consistent source of income for the support of their children. Expresses the sense of the Congress that: (1) (Sec. 607) children should have a consistent source of income to meet their education and medical needs; (2) the provision of public assistance to a custodial parent for the support of a child with respect to whom the noncustodial parent owes child support does not absolve the latter of the obligation to provide such support; (3) the States must continue to vigorously pursue efforts to establish parentage, and establish and enforce child support obligations; and (4) (Sec. 611) OCSE should develop a mechanism to publicize the best State practices in child support. (Sec. 608) Amends the Internal Revenue Code to establish in the Treasury a Children's Trust Fund to hold the contributions designated by individuals on their tax returns for funding child support programs. (Secs. 609 through 612) Requires: (1) the Comptroller General to study and report to the Congress on delinquent child support payments and the effectiveness of administrative vs. judicial adjudication of parentage and child support cases; and (2) OCSE to produce and update a certain compendium of State child support laws published by the National Conference of State Legislatures, and establish a permanent child support advisory committee. Title VII: State Role - (Secs. 701, 702, and 704) Amends SSA title IV part D to require States to: (1) promote the greatest economic security possible for children, within the obligor's ability to pay; (2) provide custodial parents with certain information on child support cases and the services available under their part D plans; and (3) require any changes in child support payees to be made only through administrative procedures. (Secs. 703, 705, and 706) Expresses the sense of the Congress that States should: (1) work closely with parents to improve the quality of child support services; (2) have offices in areas accessible to public transportation with convenient hours that allow parents to meet privately with attorneys and caseworkers; and (3) establish administrative procedures to process child support cases and a child support council to recommend improvements in State paternity and child support programs. Title VIII: Jobs for Unemployed Noncustodial Parents - (Sec. 801) Expresses the sense of the Congress that any Federal program to provide jobs for noncustodial parents should be administered so as not to adversely affect any Federal program for custodial parents. Requires the Secretary to transmit evaluations of certain projects under the JOBS program under SSA title IV part F (Job Opportunities and Basic Skills Training Program) to the Secretary of Labor for study and possible action, including authorizing States to provide services of greater scope and duration to unemployed noncustodial parents under such program. Title IX: Effective Date - (Sec. 901) Sets forth the effective date of this Act.
Bill· HRH.R. 1964 (103rd)referred
United States · United States Congress · 4 May 1993
Maritime Administration Authorization Act for Fiscal Year 1994 - Authorizes appropriations for the Maritime Administration for: (1) operating-differential subsidies; (2) manpower, education, and training; (3) operating programs; and (4) national security support capabilities; (5) administrative costs related to new Federal ship mortgage insurance loan guarantees; and (6) costs of such guarantees. Authorizes the Secretary of Transportation to use proceeds from the sale or disposal of National Defense Reserve Fleet (NDRF) vessels for facility and ship maintenance, modernization and repair, acquisition of equipment, training simulators, and fuel costs necessary to maintain training at the U.S. Merchant Marine Academy and the State maritime academies. Authorizes the Secretary to designate National Shipbuilding Enhancement Institutes. Allows an Institute's activities to include such activities as: (1) developing vessel construction and repair technology; (2) enhancing domestic shipyards' international competitiveness; and (3) fostering innovations in the domestic shipbuilding marketing system. Authorizes grants to any designated Institute. Requires a State maritime academy receiving Federal assistance under specified provisions to reimburse individuals, from Federal funds provided for such purposes, for any charge paid by the individual for issuance, evaluation, or examination for an entry level license or merchant mariner's document. Authorizes appropriations. Authorizes awards to National Maritime Enhancement Institutes on an equal or partial matching (currently, on an equal matching) basis. Removes a limit on the aggregate annual amount of the Federal share of awards. Repeals provisions, scheduled to go into effect in 1994, requiring State maritime academy students in merchant marine officer preparation programs to pass a licensing examination in order to graduate. Authorizes the Secretary to enter into a contract for the maintenance of the NDRF, including the Ready Reserve Force, only for specified services. Directs the Secretary to maintain, in a reduced operating status, certain vessels in the Ready Reserve. Provides for a vessel repair and maintenance pilot program.
Bill· HRH.R. 1965 (103rd)referred
United States · United States Congress · 4 May 1993
Universal Coordinated Care Act of 1992 - Amends the Internal Revenue Code to allow an individual a tax credit for certain amounts paid by or on behalf of such individual to a health services account for the payment of qualified health expenses. Provides for the certification of a health services supplemental policy as a health insurance policy or other health benefit plan offered by a private entity to an individual which provided reimbursement for expenses incurred, or services for catastrophic and long-term care. Requires any amount distributed out of a health services account to be included in the taxable income of the distributee. Imposes a penalty on distributions not used to pay qualified health expenses. Declares such accounts exempt from tax, unless the distributee engages in prohibited transactions or the account is pledged as security for a loan. Terminates such accounts on the death of the distributee. Requires a Health and Human Services report to the Congress on minimum standards for health services supplemental policies. Amends title XVIII (Medicare) of the Social Security Act to provide coverage of home care services for qualified patients. Amends the Social Security Act to set forth the conditions a home health agency must meet in order to receive Federal funding for the provision of home care services. Authorizes appropriations. Amends the Social Security Act to establish the national care voucher program under which U.S. citizens, resident aliens, and certain officers and employees of international organizations or foreign governments, are eligible for benefit coverage through the purchase of insurance through a national care voucher. Sets forth guidelines governing annual deposits to employee voucher accounts by employers and the United States. Exempts certain small employers from the requirements of new title XXII, including those participating in a small employer health plan. Requires the Secretary to establish: (1) minimum standards and requirements for the certification of health care insurance policies eligible to be purchased under this new title; and (2) a procedure for certifying such policies. Sets forth procedures for health insurance enrollment under the national care voucher program. Requires each carrier of small employer health insurance to register with the Secretary. Requires such a carrier to offer the same health plan to any small employer located in the same community. Amends the Internal Revenue Code to allow a trade or business expense deduction for expenses paid or incurred by a small employer for a certified health care insurance policy. Amends the Trade Act of 1974 to require the Trade Representative to identify a foreign country as a high cost priority foreign country if the trade deficit between the United States and such country exceeds 15 percent of the total U.S. trade deficit and such country has entered into a free trade agreement with the United States. Imposes an equity tax of one percent of the value of the merchandise entered by high cost priority foreign countries. Establishes an Equity Health Insurance Trust Fund. Transfers to such Fund the equity taxes. Makes amounts in such fund available to provide payments to national voucher accounts.
Bill· HRH.R. 1973 (103rd)referred
United States · United States Congress · 4 May 1993
Sewer and Water Fee Deductibility Act of 1993 - Amends the Internal Revenue Code to allow an income tax deduction for amounts imposed by a State or local government as fees for water or sewer services.
Bill· HRH.R. 1969 (103rd)referred
United States · United States Congress · 4 May 1993
Tobacco Advertising Reform and Revenue Enhancement Act of 1993 - Amends the Internal Revenue Code to disallow any deduction for tobacco product sale promotion expenses.
Bill· SS. 858 (103rd)referred
United States · United States Congress · 30 April 1993
Minimum Tax Reform Act of 1993 - Amends the Internal Revenue Code to revise adjustments in computing alternative minimum taxable income and allow companies to use the 150-percent declining balance method to compute depreciation, except for environmental assets. Allows companies to use pre-1993 minimum tax credits against alternative tax liability for up to 50 percent of that liability, with limitations. Allows businesses to reduce up to 25 percent of their minimum tax liability with general business credits.
Bill· SS. 863 (103rd)referred
United States · United States Congress · 30 April 1993
Assets for Independence Demonstration Act - Provides for the establishment of demonstration projects designed to determine: (1) the social, psychological, and economic effects of providing to individuals with limited means an opportunity to accumulate assets; and (2) the extent to which an asset-based welfare policy may be used to enable individuals with low income to achieve economic self-sufficiency. Makes an individual eligible for assistance under a demonstration project if such individual is a member of a household that meets: (1) the income test of not more than 200 percent of the poverty threshold; and (2) the net worth test of not more than $20,000. Amends the Internal Revenue Code to allow a deduction for contributions made to an individual development account by or on behalf of a qualified individual to pay qualified expenses of such individual. Limits such contributions to $2,000 per year. Defines qualified expenses as those for: (1) postsecondary educational expenses; (2) a first-home purchase; (3) business capitalization; and (4) retirement expenses. Makes such accounts exempt from tax, except the tax on unrelated business income of charitable, etc. organizations. Declares that contributions to such accounts are not subject to the gift tax or the tax on prohibited transactions. Disregards funds in an individual development account of a demonstration project participant for purposes of all means-tested Federal programs.
Bill· SS. 856 (103rd)open
United States · United States Congress · 29 April 1993
Title I: Emergency Supplemental Appropriations - Makes additional appropriations available to the Small Business Administration for the business loans program account. Makes additional amounts available to the: (1) Department of Labor for the Employment and Training Administration; (2) Department of Health and Human Services for the Office of the Assistant Secretary for Health; (3) Department of Education for compensatory education for the disadvantaged; (4) Department of Transportation for the Federal Highway Administration and the Federal Transit Administration; and (5) Department of Housing and Urban Development for community development grants.
Bill· HRH.R. 1922 (103rd)open
United States · United States Congress · 29 April 1993
Congressional Pay For Performance Act - Provides that if the Congress has not passed all general appropriation bills before the beginning of a fiscal year, then the permanent appropriation for the compensation of Members of Congress shall not be effective for such fiscal year. Prohibits the House of Representatives or the Senate from considering the legislative branch appropriation bill for any fiscal year until other general appropriation bills for such fiscal year have been presented to the President.
Bill· HRH.R. 1950 (103rd)open
United States · United States Congress · 29 April 1993
TABLE OF CONTENTS: Title I: Tax Relief for Families Title II: Family Savings Incentives Subtitle A: Increase in Income Limitations for Deductible IRA Contributions; Increase in IRA Contribution Limits; Penalty-Free Withdrawals for Home Ownership, Education, and Medical Expenses Subtitle B: Exclusion for Employer-Provided Educational Assistance to Include Educational Assistance for Spouse and Dependents of Employee Title III: Medical Care Savings Accounts; Health Care Cost Controls; Deduction for Health Insurance Costs of Self-Employed Individuals Title IV: Educational Choice Programs Title V: Grants to Encourage Employers to Adopt Flexible Work and Family Policies Title VI: Reducing the Cost of Capital by Reducing Capital Gains Tax Rates, Indexing the Basis of Certain Assets, and Excluding Gain from Sales of Principal Residences Title VII: Enterprise Zones Subtitle A: Designation of Enterprise Zones Subtitle B: Federal Income Tax Incentives Subtitle C: Regulatory Flexibility Subtitle D: Establishment of Foreign-Trade Zones in Enterprise Zones Family and Economic Recovery Act - Title I: Tax Relief for Families - Amends the Internal Revenue Code to allow taxpayers a credit for each child who has not attained the age of 19. Allows a credit for qualified adoption expenses. Disallows the use of such credits together with other credits or deductions. Title II: Family Savings Incentives - Subtitle A: Increase in Income Limitations for Deductible IRA Contributions; Increase in IRA Contribution Limits; Penalty-Free Withdrawals for Home Ownership, Education, and Medical Expenses - Increases the income limitations on retirement savings deductions and provides a cost-of-living adjustment after 1994 for such limitations. Provides a cost-of-living adjustment for deductible retirement amounts after 1993. Allows distributions from certain retirement plans without penalty to purchase first homes, pay higher education expenses and financially devastating medical expenses, and assist certain unemployed individuals. Treats certain disaster victims as first-time homebuyers. Subtitle B: Exclusion for Employer-Provided Educational Assistance to Include Educational Assistance for Spouse and Dependents of Employee - Excludes from gross income employer-provided educational assistance to spouses and dependents of employees. Makes such exclusion permanent. Title III: Medical Care Savings Accounts; Health Care Cost Controls; Deduction for Health Insurance Costs of Self-Employed Individuals - Excludes from gross income medical care savings benefits. Describes such benefits as a health plan which provides that all or part of the premium differential realized by instituting a qualified higher deductible health plan is credited to participating employees to pay for medical care for a plan year. Requires amounts remaining at the end of such plan year to be deposited into a tax exempt medical care savings account (subject to rules similar to those for retirement plans) for use by the participant for medical expenses. Increases the deduction for health insurance costs of self-employed individuals to 100 percent (50 percent for 1995 and 1996) and makes such deduction permanent. Preempts State laws: (1) requiring the offering of health plans providing certain services; and (2) prohibiting employer groups from purchasing health insurance. Title IV: Educational Choice Programs - Educational Choice Programs Act - Authorizes appropriations for FY 1993 through 2000 for grants and scholarship awards to parents of elementary or secondary school children that may be redeemed at a variety of public and private schools, including religious schools. Sets forth administrative details for such program. Title V: Grants to Encourage Employers to Adopt Flexible Work and Family Policies - Authorizes appropriations for FY 1993 to provide start-up grants to businesses to explore, initiate, or expand flexible work policies in an effort to ease work and family demands on employees. Includes as examples flexitime, part-time, job sharing, telecommuting, flexiplace, or compressed work weeks. Title VI: Reducing the Cost of Capital by Reducing Capital Gains Tax Rates, Indexing the Basis of Certain Assets, and Excluding Gain from Sales of Principal Residences - Reduces the individual and corporate capital gains rate from 34 percent to 15 percent. Reduces such tax to 7.5 percent for low- and middle-income taxpayers. Provides for the phaseout of personal exemptions and the overall limitation on itemized deductions to take into account adjusted gross income which has been reduced by net capital gain. Requires indexing, based on the gross national product deflator, of the adjusted basis of certain assets (corporate stock and tangible property that is a capital asset of property used in a trade or business) that have been held for more than one year at the time of sale or other transfer, solely for the purpose of determining gain or loss. Provides for indexing the limitation of capital losses of noncorporate taxpayers. Excludes from gross income the sale or exchange of property that has been owned and used by the taxpayer as the taxpayer's principal residence. Terminates provisions relating to the rollover of gain on the sale of a principal residence. Title VII: Enterprise Zones - Subtitle A: Designation of Enterprise Zones - Authorizes the Secretary of Housing and Urban Development to designate enterprise zones for purposes of providing tax and regulatory relief and improving local services. Limits choices to areas nominated by States and local governments. Limits the total number of areas that may be designated, and the time period of the designation. Authorizes the Secretary to designate a zone only if the area meets certain locational, demographic, unemployment, and poverty criteria. Requires nominating local governments, as a condition of the Secretary's designation, to agree in writing to follow a course of action that may include reducing tax rates, improving local services, simplifying or streamlining regulation of business, and providing job training to area residents. Describes areas to which the Secretary must give preference in selecting areas for designation. Requires the Secretary to report to the Congress every two years on the effects of such enterprise zones' designation in accomplishing the purposes of this Act. Subtitle B: Federal Income Tax Incentives - Allows a nonrefundable income tax credit to enterprise zone employees for five percent of any qualified wages earned as do not exceed a specified amount. Phases out such credit as total wages increase over $20,000. Provides for the nonrecognition of capital gain on the sale of enterprise zone property. Allows a taxpayer a deduction on the aggregate amount paid for the purchase of enterprise stock on its original issue by a qualified issuer. Requires any gain from the disposition of the stock to be treated as ordinary income. Excludes enterprise zone capital gains from income computation of alternative minimum taxes. Subtitle C: Regulatory Flexibility - Amends Federal law to revise the definition of "small entity" for purposes of the analysis of regulatory functions to include qualified business, government, and nonprofit enterprises operating within enterprise zones. Authorizes Federal agencies, upon request by a designating government, to waive or modify rules and regulations pertaining to the implementation of projects or activities within an enterprise zone. Requires agencies to approve the request if the resulting benefits of job creation, community development, or economical revitalization outweigh the public interest in retaining the rule unchanged. Disallows waiver or modification of a rule that would directly violate a statutory requirement or present a danger to the public health and safety. Subtitle D: Establishment of Foreign-Trade Zones in Enterprise Zones - Requires the Foreign-Trade Zone Board to consider on a priority basis, and to expedite the processing of, applications for the establishment of foreign-trade zones within enterprise zones. Requires the Secretary of the Treasury to give priority to, and expedite applications for, the establishment of ports of entry necessary to establish such zones.
Bill· HRH.R. 1949 (103rd)open
United States · United States Congress · 29 April 1993
Amends the Internal Revenue Code to exclude from gross income 100 percent of qualified capital gain recognized on the sale or exchange of a qualified zone asset held for more than five years. Describes such assets as enterprise zone stock, business property, and partnership interests.
Bill· HRH.R. 1938 (103rd)open
United States · United States Congress · 29 April 1993
Amends the Internal Revenue Code to repeal the $15 million limitation on the amount of private activity tax-exempt bonds that may be issued to provide an output facility.
Bill· HRH.R. 1934 (103rd)referred
United States · United States Congress · 29 April 1993
Federal Maritime Commission Authorization Act for Fiscal Year 1994 - Authorizes appropriations for the Federal Maritime Commission. Removes provisions of Federal law setting the amount of a bond indemnifying vessel passengers for nonperformance of the transportation.
Bill· HRH.R. 1935 (103rd)referred
United States · United States Congress · 29 April 1993
International Woman and Child Health Act of 1993 - Requires U.S. contributions to international organizations and nongovernmental organizations for programs to immunize people in high-mortality countries for diseases such as measles or polio to be at least $100 million greater in each of FY 1994 through 1996 than the amount of such contributions for FY 1993. Provides additional funding for vitamin A supplementation and fortification programs and iodine and iron supplementation and fortification programs for pregnant women. Directs the Agency for International Development, during FY 1994 through 1996, to ensure that a specified amount in local currencies made available under foreign assistance programs is used to provide training, compensation, and other support for maternal and child health workers in developing countries. Authorizes appropriations. Reduces funding for military assistance programs during such fiscal years in order to provide funding for this Act without increasing the foreign assistance budget.
Bill· HRH.R. 1936 (103rd)open
United States · United States Congress · 29 April 1993
Small Business Administration Supplemental Appropriations Act for Fiscal Year 1993 - Appropriates supplemental funds for FY 1993 for the business loans program account of the Small Business Administration (providing guaranteed loans to certain qualifying small businesses).
Bill· HRH.R. 1947 (103rd)referred
United States · United States Congress · 29 April 1993
Repeals the Internal Revenue Code's nonrefundable income tax credit for employment-related dependent care expenses, replacing it with a corresponding refundable 50 percent credit, reduced (but not below 20 percent) as the taxpayer's adjusted gross income exceeds $15,000 (adjusted for inflation). Includes within the scope of the new credit up to $1,200 ($2,400 in the case of more than one qualifying individual) of respite care expenses incurred in the care of: (1) a dependent of the taxpayer who is at least 13 years old; or (2) a spouse or other dependent who is physically or mentally incapable of self-care.
Bill· HRH.R. 1928 (103rd)referred
United States · United States Congress · 29 April 1993
Amends the Internal Revenue Code to decrease the excise tax on beer.
Bill· HRH.R. 1937 (103rd)referred
United States · United States Congress · 29 April 1993
Tax Equity Act of 1993 - Amends the Internal Revenue Code to provide for regional cost-of-living adjustments in individual income tax rates.
Bill· HRH.R. 1931 (103rd)referred
United States · United States Congress · 29 April 1993
Amends the Internal Revenue Code to allow farmers' cooperatives to include gains or losses from the sale or other disposition of assets in net earnings from business done with or for patrons if the assets were used to facilitate the conduct of business.
Bill· HRH.R. 1929 (103rd)open
United States · United States Congress · 29 April 1993
Amends the Internal Revenue Code to exempt explosives handling equipment from the heavy truck tax.
Bill· HRH.R. 1885 (103rd)open
United States · United States Congress · 28 April 1993
TABLE OF CONTENTS: Title I: Reducing the Cost of Capital By Reducing Capital Gains Tax Rates and Indexing the Basis of Certain Assets Title II: Adjusting Depreciation Rates to Reflect Inflation Title III: Expansion of Individual Retirement Accounts Title IV: Two Percent Cap on Increases in All Federal Spending Through 1998 Title V: Reduction in Unnecessary and Burdensome Regulations Private Sector Job Creation and Economic Growth Act - Title I: Reducing the Cost of Capital by Reducing Capital Gains Tax Rates and Indexing the Basis of Certain Assets - Amends the Internal Revenue Code to reduce the individual and corporate capital gains rate to 15 percent. Reduces such tax to 7.5 percent for low- and middle-income taxpayers. Provides for the phaseout of personal exemptions and the overall limitation on itemized deductions to take into account adjusted gross income which has been reduced by net capital gain. Requires indexing, based on the gross national product deflator, of the adjusted basis of certain assets (corporate stock and tangible property that is a capital asset of property used in a trade or business) that have been held for more than one year at the time of sale or other transfer, solely for the purpose of determining gain or loss. Provides for indexing the limitation on capital losses of noncorporate taxpayers. Title II: Adjusting Depreciation Rates to Reflect Inflation - Provides a depreciation deduction adjustment for tangible property (other than residential rental property and nonresidential real property) placed in service after 1993. Allows phase-in deductions for such property placed in service after 1999. Title III: Expansion of Individual Retirement Accounts - Removes limitations on the deductibility of contributions to individual retirement plans (IRAs) by active participants in employer-maintained plans, thereby restoring the IRA deduction. Increases the maximum IRA deduction and provides an inflation adjustment. Provides exemptions from the ten-percent penalty on early withdrawals from individual retirement plans for: (1) first home purchases; (2) higher education expenses; and (3) financially devastating medical expenses. Title IV: Two Percent Cap on Increases in All Federal Spending Through 1998 - Establishes the budget for FY 1994 and sets forth appropriate budgetary levels for FY 1995 through 1998. Sets forth recommended budgetary levels of Federal revenues, new budget authority, budget outlays, deficits, public debt, and credit activity, including funding for each major functional category. Requires the House Budget Committee to report a reconciliation bill or resolution or both carrying out all recommendations of House committees concerning changes in laws to provide spending sufficient to reduce outlays and reduce the deficit. Title V: Reduction in Unnecessary and Burdensome Regulations - Expresses the sense of the Congress that the President should extend for one year the 90-day moratorium on new unnecessary Federal regulations ordered in the President's Memorandum on Reducing the Burden of Government Regulations, dated January 28, 1992. Amends the Congressional Budget Act of 1974 to require the Director of the Congressional Budget Office to include an estimate of the economic costs to the Government and private sector within analyses of public bills and resolutions. Amends the Government Organization and Employees Act to require the preparation of an economic impact statement in conjunction with the general notice of any proposed rulemaking or where a proposed rule is likely to have exceptional fiscal consequences for a particular region or level of government.
Bill· HRH.R. 1908 (103rd)open
United States · United States Congress · 28 April 1993
Amends the Internal Revenue Code to exclude certain cooperative housing corporations from the rule allowing limited deductions incurred by certain membership organizations in transactions with their members. Prohibits such corporations from using patronage losses to offset earnings which are not patronage earnings.
Bill· HRH.R. 1891 (103rd)open
United States · United States Congress · 28 April 1993
Investment Competitiveness Act of 1993 - Amends the Internal Revenue Code to exempt interest-related dividends received from a regulated investment company from the 30 percent tax on the income of nonresident aliens and foreign corporations not connected with U.S. business. Provides exceptions. Provides for determining: (1) taxable-interest dividends; and (2) taxable estate stock of nonresident non-citizens in regulated investment companies. Applies the special rules for real estate investment trusts on the disposition of investment in U.S. real property to regulated investment companies.
Bill· HRH.R. 1875 (103rd)referred
United States · United States Congress · 28 April 1993
Amends the Internal Revenue Code to exclude certain domestic services providing personal attendance, companionship, or household care from the unemployment tax.
Bill· HRH.R. 1913 (103rd)open
United States · United States Congress · 28 April 1993
Amends the Internal Revenue Code to exclude from the five-year occupancy requirement under the tax-exempt mortgage revenue bond program any two-family residence which is: (1) a targeted area residence; or (2) located in an area designated as an economic development zone or enterprise zone by Federal or State law.
Bill· HRH.R. 1903 (103rd)referred
United States · United States Congress · 28 April 1993
Child Care Affordability Act of 1993 - Amends the Internal Revenue Code to increase the credit for dependent care expenses.
Bill· SS. 830 (103rd)referred
United States · United States Congress · 27 April 1993
Waives time limitations relating to the filing of a claim for tax overpayment by a certain individual.
Bill· SS. 828 (103rd)referred
United States · United States Congress · 27 April 1993
Amends the Internal Revenue Code to impose an excise tax on 75 percent of a candidate's excess Federal campaign expenditures. Establishes the Campaign Finance Reform Trust Fund for expenditures authorized by the Federal Election Campaign Act of 1971. Credits the excise taxes to the Fund.
Bill· HRH.R. 1865 (103rd)open
United States · United States Congress · 27 April 1993
Water Supply Construction Assistance Act of 1993 - Directs the Administrator of the Environmental Protection Agency to make grants to States for establishing water supply construction accounts in State water pollution control revolving loan fund programs to provide assistance for the construction, rehabilitation, and improvement of water supply systems. Sets forth specific requirements for grant agreements. Applies certain provisions of the Federal Water Pollution Control Act regarding authorized uses of water pollution control revolving funds, corrective action, and auditing, reporting, and fiscal controls to water supply construction accounts. Sets forth amounts to be allotted to States and U.S. territories. Reserves a specified amount for grants to Indian tribes. Directs the Administrator to develop and submit to the Congress: (1) an estimate of the cost of needed construction, rehabilitation, and improvement of water supply systems in all States; and (2) a study of the economic impact on affected units of government of the cost of installation of water supply systems. Authorizes appropriations.
Bill· HRH.R. 1863 (103rd)referred
United States · United States Congress · 27 April 1993
Family Education Assistance Act of 1993 - Amends the Internal Revenue Code to allow an individual income tax deduction for contributions to a savings account established to pay the educational expenses (tuition, supplies, meals, and lodging) of the taxpayer's child or certain other relatives at an institution of higher education or a vocational school. Limits the deduction to $1,500 annually (adjusted for inflation) for each account. Disallows the deduction for contributions to an account maintained for any individual aged 19 or older. Requires any account balance to be distributed after the beneficiary attains age 30. Permits an exclusion from the gross income of the contributor or the beneficiary of account distributions used to pay educational expenses of the latter. Exempts an account from taxation (except for the tax on unrelated business income of a charitable organization), unless a contributor or the beneficiary engages in specified prohibited transactions in connection with it. Imposes a ten percent surtax on distributions not used for educational purposes. Requires the account trustee to report to the Secretary of the Treasury and to the account's beneficiary concerning the account. Imposes a penalty for failure to report. Allows taxpayers who do not otherwise itemize deductions to deduct for contributions to an education savings account. Imposes penalty taxes in connection with excess contributions or prohibited transactions associated with an account.
Bill· HRH.R. 1850 (103rd)referred
United States · United States Congress · 26 April 1993
University-Industry Technology Development Act - Directs the Secretary of Commerce to establish programs for the selection of: (1) University Technology Development Programs to provide incentives and assistance to universities seeking to develop programs to foster commercially promising basic research; and (2) University-Industry Technology Partnerships to provide incentives and assistance for businesses and universities to enter into partnerships to develop commercial applications for new technologies and processes. Sets forth application requirements and selection criteria. Directs the Secretary to select between ten and 25 meritorious proposals as University Technology Development Programs or University-Industry Technology Partnerships annually and to provide financial and technical assistance to such programs. Requires private business participants to contribute at least 50 percent of the capital requirements of the partnership and universities to contribute at least 25 percent of the capital requirements of the technology development program. Amends the Internal Revenue Code to authorize partnerships to establish technology partnership accounts. Establishes a ceiling on deposits into such accounts. Permits amounts in such accounts to be invested only in interest-bearing securities or in the stock of domestic corporations (subject to the Secretary of the Treasury's approval and a percentage limitation). Provides for the nontaxability of deposits. Requires capital, capital gain, and ordinary income subaccounts to be established in such accounts. Sets forth the tax treatment of qualified and nonqualified withdrawals from accounts. Treats amounts not withdrawn from the account after a period of ten taxable years as nonqualified withdrawals subject to taxation. Establishes a technology partnership investment tax credit. Excludes the applicable percentage of any long-term capital gain recognized on the sale or exchange of a technology program investment held for more than five years from gross income. Requires all cooperative activities and joint ventures in furtherance of the goals of a University Technology Development Program or a University-Industry Technology Partnership to be judged by the rule of reason in any Federal or State antitrust action. Limits damages in such actions to actual damages and attorney's fees. Authorizes programs or partnerships to seek antitrust rulings by the Secretary of Commerce on proposed activities.
Bill· HRH.R. 1862 (103rd)referred
United States · United States Congress · 26 April 1993
Amends the Internal Revenue Code to increase the exemption amount for dependent children who have not attained age seven to twice the current exemption amount. Sets forth recapture rules.
Bill· HRH.R. 1854 (103rd)referred
United States · United States Congress · 26 April 1993
Makes FY 1994 appropriations for the Legislative Branch for expenses of the Botanic Gardens.
Bill· HRH.R. 1855 (103rd)referred
United States · United States Congress · 26 April 1993
Prohibits funds from being appropriated, reprogrammed, used, obligated, or otherwise provided to continue the Members' Personal Physician during FY 1994.
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