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Taxation

Records whose title is actually about this topic. Use a country filter if the list is still too broad.

551 records in US in 2003

Records

Bill· SS. 1055 (108th)referred

A bill to amend the Internal Revenue Code of 1986 to provide physicians and other health care professionals with a tax credit for qualified expenditures for medical professional malpractice insurance, and for other purposes.

United States · United States Congress · 13 May 2003

Amends the Internal Revenue Code to provide a business tax credit for medical professional malpractice insurance according to the following schedule: (1) 20 percent of expenditures for any physician who practices in any surgical specialty or subspecialty, emergency medicine, obstetrics, anesthesiology, or who does intervention work which is reflected in medical malpractice insurance expenditures; (2) ten percent of expenditures for any physician who practices in general medicine, allergy, dermatology, or pathology; and (3) 15 percent of expenditures for any hospital or clinic. Directs the Secretary of Health and Human Services, through the Health Resources and Services Administration, to make grants to eligible nonprofit hospitals and clinics to pay 15 percent of qualified medical malpractice insurance costs.

Bill· HRH.R. 2072 (108th)open

Social Security Marriage Penalty Elimination Act of 2003

United States · United States Congress · 13 May 2003

Social Security Marriage Penalty Elimination Act of 2003 - Amends the Internal Revenue Act to increase joint return base and adjusted base amount thresholds for purposes of determining the additional amount of social security or railroad retirement benefits includable in gross income.

Bill· HRH.R. 2081 (108th)referred

5 for 5 Act of 2003

United States · United States Congress · 13 May 2003

5 for 5 Act of 2003 - Amends the Internal Revenue Code to reduce capital gain rates for qualified five-year gain to five percent.

Bill· SS. 1040 (108th)open

A bill to repeal the current Internal Revenue Code and replace it with a flat tax, thereby guaranteeing economic growth and greater fairness for all Americans.

United States · United States Congress · 12 May 2003

Tax Simplification Act of 2003 - Amends the Internal Revenue Code to impose a 19 percent tax (17 percent after December 31, 2004) on the taxable income of every individual. Redefines "taxable income" to mean the amount by which wages, retirement distributions, and unemployment compensation exceed the standard deduction. Increases the basic standard deduction and includes an additional standard deduction for dependents. Includes in taxable income the taxable income of each dependent child under the age of 14. Replaces the current tax on corporations with a tax on every person engaged in a business activity equal to 19 percent (17 percent after December 31, 2004) of the business taxable income of such person. Makes the person engaged in the business activity liable for the tax. Imposes a tax of 19 percent (17 percent after December 31, 2004) on the value of excludable compensation provided during the year by an employer for the benefit of employees. Makes the employer liable for the tax. Repeals specified provisions: (1) relating to pension plans; and (2) imposing a tax on any employer reversion from a qualified plan. Revises requirements regarding transfers of excess pension assets. Repeals provisions respecting: (1) alternative minimum tax; (2) tax credits; (3) estate and gift taxes; and (4) subject to exception, normal taxes and surtaxes. Makes it not in order in the House of Representatives or the Senate, unless waived or suspended in the House or the Senate by a three-fifths vote of the Members, to consider any bill, joint resolution, amendment thereto, or conference report thereon that includes any provision that increases an income tax rate, creates an additional tax rate, reduces the standard deduction, or provides any exclusion, deduction, credit, or other benefit that results in a reduction in Federal revenues.

Bill· HRH.R. 2064 (108th)referred

Displaced Worker Assistance Act of 2003

United States · United States Congress · 9 May 2003

Displaced Worker Assistance Act of 2003 - Amends the Internal Revenue Code to exclude from gross income qualified severance payments of up to $15,000 with respect to any employment separation reduced by the aggregate of prior excluded amounts. Limits exclusions to payments received in the year of separation or in one of the two succeeding taxable years.

Bill· HRH.R. 2044 (108th)referred

Telecommunications Ownership Diversification Act of 2003

United States · United States Congress · 9 May 2003

Telecommunications Ownership Diversification Act of 2003 - Amends the Internal Revenue Code to allow an electing taxpayer to treat a qualified telecommunications business sale to an eligible purchaser as an involuntary conversion. Places limits on the ensuing tax benefit. Defines an eligible purchaser as: (1) an economically and socially disadvantaged business; or (2) a corporation or partnership which, following the purchase, has substantially all of its assets in the telecommunications business and is at least five percent owned by the Telecommunications Development Fund. Provides a limited tax credit to a local exchange carrier that is not a Bell operating company and is headquartered in an empowerment zone. Provides for the exclusion from income of 50 percent of the gain on any sale or exchange of stock in an eligible purchaser engaged in a telecommunications business held for more than five years. Directs the Comptroller General to biennially audit the administration of the provisions of this Act and issue a report.

Bill· HRH.R. 2067 (108th)referred

Charitable Deduction Fairness Act

United States · United States Congress · 9 May 2003

Charitable Deduction Fairness Act - Amends the Internal Revenue Code to allow a direct charitable tax deduction for an individual not itemizing deductions equal to the amount that would be allowed for charitable cash contributions if such individual itemized.

Bill· HRH.R. 2047 (108th)referred

Encouraging Work Act of 2003

United States · United States Congress · 9 May 2003

Encouraging Work Act of 2003 - Amends the Internal Revenue Code to make the work opportunity credit permanent. Modifies such credit by: (1) repealing the requirement that a "qualified ex-felon" be a member of a low-income (as specified) family; (2) increasing the maximum age for eligibility of food stamp recipients to 40 years; (3) redefining the term "vocational rehabilitation referral"; (4) adding "long-term family assistance recipients" (as defined) to the definition of "targeted groups"; and (5) increasing the maximum allowable credit for employment of long-term family assistance recipients. Repeals the separate welfare-to-work credit.

Bill· HRH.R. 2046 (108th)referred

Jobs and Growth Reconciliation Tax Act of 2003

United States · United States Congress · 9 May 2003

Jobs and Growth Reconciliation Tax Act of 2003 - Amends the Internal Revenue Code to accelerate: (1) the increase in the child care credit and the increase in the refundable portion of the credit; (2) the increase in the standard deduction for joint filers to twice that of single filers; and (3) the expansion of the ten percent bracket for married taxpayers filing jointly. Increases the earned income credit phase-out amount on a joint return by $3,000. Extends the work opportunity credit to long-term unemployed individuals. Unemployment Benefits Extension Act - Amends the Temporary Extended Unemployment Compensation Act of 2002 (TEUCA) to: (1) extend the TEUC program; (2) provide for additional weeks of TEUC benefits; (3) revise unemployment rate triggers for TEUC benefit periods; and (4) provide for regular unemployment compensation for certain individuals based on part-time work or an alternative base period. Establishes a program of payments to States to provide: (1) regular unemployment compensation benefits for individuals who otherwise would be ineligible because the base period does not count wages earned in the most recently completed calendar quarter or the individuals seek or are available for less than full-time work; and (2) enhanced unemployment benefits. Establishes in the Treasury the Pressing Domestic Needs Trust Fund. Increases: (1) and extends certain bonus depreciation provisions; and (2) small business expensing limits. Allows a ten percent deduction for income attributable to a corporation's domestic production, with a 2006 through 2009 phase-in period. Eliminates: (1) top individual income tax rate reductions scheduled to began as of 2004 (provides for restoration under specified circumstances); and (2) scheduled elimination of income-based phase-outs for deductions and personal exemptions. Repeals the extraterritorial income exclusion, with a 2004 through 2008 phase-in period. Revises tax shelter provisions to, among other things: (1) define economic substance; (2) impose a penalty for the failure to include in a return information concerning a reportable transaction, a reportable transaction understatement (including imposing the penalty for certain understatements which were based on unreasonable legal or factual assumptions), a noneconomic substance transaction understatement, and interests in foreign financial accounts; (3) modify rules concerning the failure to furnish information regarding reportable transactions and the penalty for such failure, the failure to maintain lists of investors in potentially abusive tax shelters and the penalty for such failure, the authority to seek an injunction to enjoin promoters of abusive tax shelters; and (4) deny a deduction of interest on underpayments attributable to nondisclosed reportable transactions and noneconomic substance transactions. Amends other provisions to, among other things: (1) place a limit on the transfer or importation by a corporation of built-in losses; (2) provide for the partnership treatment of certain contributed property with a built-in loss; (3) repeal part V (Financial Asset Securitization Investment Trusts) of subchapter M (Regulated Investment Companies and Real Estate Investment Trusts); and (4) modify rules concerning the disallowance of a deduction on certain debt instruments of corporations, passive foreign investment companies, and the reduction in a corporate shareholder's basis in stock by the nontaxed portion of extraordinary dividends. Revises corporate expatriation provisions to treat acquiring corporations in "corporate expatriation transactions" as domestic corporations. Defines a "corporate expatriation transaction" as, with certain exceptions, one in which a "nominally foreign corporation" acquires substantially all of the properties held by a domestic corporation and in which, immediately after the transaction, more than 80 percent of the stock of the acquiring corporation is held by former shareholders of the domestic corporation. Lowers the 80 percent threshold to 50 percent when the acquiring "nominally foreign corporation" lacks substantial business activities in the foreign country in which it was created and organized compared to the total activities of the "expanded affiliated group" and the stock is publicly traded, with the principal market of trading being the United States. Defines the terms "nominally foreign corporation" an "expanded affiliated group." Applies similar rules to partnership transactions. Establishes that a series of related transactions relevant to the Act shall be handled as a single transaction. Includes funded deferred compensation in the gross income of certain disqualified employees (corporate insiders).

Bill· SS. 1026 (108th)referred

Older Americans Tax Fairness Act

United States · United States Congress · 8 May 2003

Older Americans Tax Fairness Act - Amends the Internal Revenue Code to provide for the phaseout of the taxation of social security benefits.

Bill· SS. 1025 (108th)open

Intelligence Authorization Act for Fiscal Year 2004

United States · United States Congress · 8 May 2003

Intelligence Authorization Act for Fiscal Year 2004 - Authorizes appropriations for FY 2004 for the conduct of intelligence and intelligence-related activities of the: (1) Central Intelligence Agency (CIA); (2) Department of Defense (DOD); (3) Defense Intelligence Agency; (4) National Security Agency (NSA); (5) Departments of the Army, Navy, and Air Force; (6) Departments of State, the Treasury, and Energy; (7) Federal Bureau of Investigation; (8) National Reconnaissance Office; (9) National Imagery and Mapping Agency; (10) Coast Guard; and (11) Department of Homeland Security. Specifies that the amounts authorized and the authorized personnel ceilings as of September 30, 2004, for such activities are those specified in the classified Schedule of Authorizations. Allows the Director of Central Intelligence (DCI), with the approval of the Director of the Office of Management and Budget, to authorize employment of civilian personnel in excess of the number authorized for FY 2004 (by not more than two percent) when necessary to the performance of important intelligence functions. Authorizes appropriations for the Intelligence Community Management Account of the DCI for FY 2004 as well as for full-time personnel for elements within such Account. Earmarks a specified amount of such funds for the National Drug Intelligence Center. Authorizes appropriations for FY 2004 for the Central Intelligence Agency Retirement and Disability Fund. Specifies that the authorization of appropriations by this Act shall not be deemed to constitute authority for the conduct of any intelligence activity which is not otherwise authorized by the Constitution or laws of the United States. Permits the use of authorized funds for counterdrug and counterterrorism activities for Colombia. Requires the DCI to carry out pilot programs of the feasibility of: (1) permitting intelligence community (IC) analysts to access and analyze intelligence from other IC elements, including NSA signals intelligence; and (2) training students for employment as intelligence analysts. Directs the National Science Foundation and the Office of Science and Technology Policy to jointly sponsor not less than two workshops on the coordination of Federal research on the use of behavioral, psychological, and physiological assessments of individuals in the conduct of security evaluations. Protects CIA personnel authorized to carry firearms and NSA employees performing special police functions from tort liability when reasonably acting within the scope of their employment. Provides for the protection of NSA operational files. Authorizes DOD funds to be used by DOD IC personnel to award personal service contracts in carrying out authorized missions.

Bill· HRH.R. 2034 (108th)open

Tip Tax Fairness Act of 2003

United States · United States Congress · 8 May 2003

Tip Tax Fairness Act of 2003 - Amends the Internal Revenue Code to prohibit the Secretary of the Treasury from issuing a notice and demand to an employer for Social Security taxes with respect to tips received by an employee until the Secretary has determined the amount of tips received by the employee.

Bill· HRH.R. 2029 (108th)referred

Tax Fairness for County Fairs Act of 2003

United States · United States Congress · 8 May 2003

Tax Fairness for County Fairs Act of 2003 - Amends the Internal Revenue Code to provide that long-term vehicle storage by tax-exempt organizations which conduct county and similar fairs shall not be treated as an unrelated trade or business.

Bill· HRH.R. 2037 (108th)referred

Religious Freedom Peace Tax Fund Act

United States · United States Congress · 8 May 2003

Religious Freedom Peace Tax Fund Act - Directs the Secretary of the Treasury to establish in the Treasury the Religious Freedom Peace Tax Fund for the deposit of income, gift, and estate taxes paid by or on behalf of taxpayers: (1) who are designated conscientious objectors opposed to participation in war in any form based upon the taxpayer's deeply held moral, ethical, or religious beliefs or training (within the meaning of the Military Selective Service Act); and (2) who have certified these beliefs in writing. Requires that funds in the Religious Freedom Peace Tax Fund be allocated annually to any appropriation not for a military purpose. Declares the sense of Congress that any Treasury increase resulting from the creation of the Religious Freedom Peace Tax Fund shall be allocated in a manner consistent with the purposes of the Fund.

Bill· HRH.R. 2036 (108th)referred

Paul Coverdell Homestead Open Space Preservation and Conservation Act of 2003

United States · United States Congress · 8 May 2003

Paul Coverdell Homestead Open Space Preservation and Conservation Act of 2003 - Amends the Internal Revenue Code to allow a limited tax credit, in the case of a qualified conservation organization, in the amount of the taxpayer's qualified conservation expenditures.

Bill· SS. 1018 (108th)referred

Health Care Tax Credit Enhancement for Workers and Steel Security Act of 2003

United States · United States Congress · 7 May 2003

Health Care Tax Credit Enhancement for Workers and Steel Security Act of 2003 - Amends the Internal Revenue Code with respect to the trade adjustment assistance-related health care tax credit to: (1) decrease age eligibility for Pension Benefit Guaranty Corporation pension recipients; (2) eliminate the three-month coverage requirement concerning State-based coverage; and (3) revise covered month eligibility for the spouse of an individual entitled to Medicare. States that the steel import licensing and monitoring program established by the Secretary of the Treasury and the Secretary of Commerce shall remain in effect until not later than March 6, 2010.

Bill· SS. 1012 (108th)referred

SOS Act of 2003

United States · United States Congress · 7 May 2003

Strengthening Our States Act of 2003, or the SOS Act of 2003 - Amends title XIX (Medicaid) of the Social Security Act (SSA) to: (1) provide for full Medicaid coverage of all premium and other cost-sharing expenses incurred with respect to qualified Medicare beneficiaries under the Medicaid program (Medicare cost-sharing); (2) increase the scope of Medicare cost-sharing assistance and the number of low-income Medicare beneficiaries eligible for Medicare cost- sharing assistance for individuals who would be qualified Medicare beneficiaries but for the fact that their income exceeds applicable levels; and (3) provide for a temporary increase in the Medicaid Federal medical assistance percentage (FMAP). Amends SSA title XX (Block Grants to States for Social Services) (SSBG) to make appropriations for additional temporary grants for fiscal relief allotments to States. Amends: (1) SSA title XIX to continue Medicaid disproportionate share hospital (DSH) allotment adjustments under the Medicare, Medicaid, and SCHIP Benefits Improvement and Protection Act of 2000 and increase the floor for treatment as an extremely low DSH State; and (2) SSA title XXI (State Children's Health Insurance Program) (SCHIP) to increase State access to unspent SCHIP funds. Amends SSA title XIX to: (1) make the Federal government fully responsible for the sums expended for emergency care and services furnished to illegal aliens; (2) increase Federal responsibility for translation services for Medicaid and SCHIP applicants and recipients; (3) increase Federal matching rates for certain services; (4) extend Medicaid coverage under the Ticket to Work and Self-Sufficiency Program to spouses of participating disabled beneficiaries; and (5) provide for optional coverage of community-based attendant services and supports. Family Opportunity Act of 2003, or the Dylan Lee James Act - Amends SSA title XIX to give States the option of: (1) allowing families of disabled children to purchase Medicaid coverage for such children; and (2) imposing income-related premiums. Authorizes the Secretary of Health and Human Services to allow a State plan to pay for the cost of home or community-based services equivalent to inpatient psychiatric hospital services for individuals under age 21. Amends: (1) SSA title V (Maternal and Child Health Services) to provide for the development and support of family-to-family health information centers; and (2) SSA title XIX to provide for the restoration of Medicaid eligibility for certain SSI beneficiaries under SSA title XVI (Supplemental Security Income). Revises requirements to allow uniform coverage of all low-income Americans, facilitate coverage of legal immigrants, and permit specified flexibility in eligibility determinations.

Bill· HRH.R. 2012 (108th)referred

Weapons of Mass Destruction Civil Support Team Implementation Act of 2003

United States · United States Congress · 7 May 2003

Weapons of Mass Destruction Civil Support Team Implementation Act of 2003 - Directs the Secretary of Defense to fully implement, by September 30, 2004, requirements under the Bob Stump National Defense Authorization Act for Fiscal Year 2003 that the Secretary: (1) establish 23 additional Weapons of Mass Destruction Civil Support Teams, for a total of 55; and (2) ensure that at least one such team is established in each State and territory. Increases the authorized end strengths for full-time Army and Air National Guard personnel as of September 30, 2004, in order to meet such requirements. Provides funding through the National Defense Authorization Act for Fiscal Year 2004.

Bill· HRH.R. 2000 (108th)referred

SOS Act of 2003

United States · United States Congress · 7 May 2003

Strengthening Our States Act of 2003, or the SOS Act of 2003 - Amends title XIX (Medicaid) of the Social Security Act (SSA) to: (1) provide for full Medicaid coverage of all premium and other cost-sharing expenses incurred with respect to qualified Medicare beneficiaries under the Medicaid program (Medicare cost-sharing); (2) increase the scope of Medicare cost-sharing assistance and the number of low-income Medicare beneficiaries eligible for Medicare cost- sharing assistance for individuals who would be qualified Medicare beneficiaries but for the fact that their income exceeds applicable levels; and (3) provide for a temporary increase in the Medicaid Federal medical assistance percentage (FMAP). Amends SSA title XX (Block Grants to States for Social Services) (SSBG) to make appropriations for additional temporary grants for fiscal relief allotments to States. Amends: (1) SSA title XIX to continue Medicaid disproportionate share hospital (DSH) allotment adjustments under the Medicare, Medicaid, and SCHIP Benefits Improvement and Protection Act of 2000 and increase the floor for treatment as an extremely low DSH State; and (2) SSA title XXI (State Children's Health Insurance Program) (SCHIP) to increase State access to unspent SCHIP funds. Amends SSA title XIX to: (1) make the Federal government fully responsible for the sums expended for emergency care and services furnished to illegal aliens; (2) increase Federal responsibility for translation services for Medicaid and SCHIP applicants and recipients; (3) increase Federal matching rates for certain services; (4) extend Medicaid coverage under the Ticket to Work and Self-Sufficiency Program to spouses of participating disabled beneficiaries; and (5) provide for optional coverage of community-based attendant services and supports. Family Opportunity Act of 2003, or the Dylan Lee James Act - Amends SSA title XIX to give States the option of: (1) allowing families of disabled children to purchase Medicaid coverage for such children; and (2) imposing income-related premiums. Authorizes the Secretary of Health and Human Services to allow a State plan to pay for the cost of home or community-based services equivalent to inpatient psychiatric hospital services for individuals under age 21. Amends: (1) SSA title V (Maternal and Child Health Services) to provide for the development and support of family-to-family health information centers; and (2) SSA title XIX to provide for the restoration of Medicaid eligibility for certain SSI beneficiaries under SSA title XVI (Supplemental Security Income). Revises requirements to allow uniform coverage of all low-income Americans, facilitate coverage of legal immigrants, and permit specified flexibility in eligibility determinations.

Bill· HRH.R. 1999 (108th)referred

Health Care Tax Credit Enhancement for Workers and Steel Security Act of 2003

United States · United States Congress · 7 May 2003

Health Care Tax Credit Enhancement for Workers and Steel Security Act of 2003 - Amends the Internal Revenue Code with respect to the trade adjustment assistance-related health care tax credit to: (1) decrease age eligibility for Pension Benefit Guaranty Corporation pension recipients; (2) eliminate the three-month coverage requirement concerning State-based coverage; and (3) revise covered month eligibility for the spouse of an individual entitled to Medicare. States that the steel import licensing and monitoring program established by the Secretary of the Treasury and the Secretary of Commerce shall remain in effect until not later than March 6, 2010.

Bill· HRH.R. 2007 (108th)referred

To increase the amount allowed as a child tax credit and to repeal the sunset imposed on the modifications to the child tax credit made by the Economic Growth and Tax Relief Reconciliation Act of 2001, and for other purposes.

United States · United States Congress · 7 May 2003

Amends the Internal Revenue Code to increase the child tax credit. Amends the Economic Growth and Tax Relief Reconciliation Act of 2001 to make the revisions to such credit made by the Act permanent.

Bill· HRH.R. 2001 (108th)referred

To amend title 32, United States Code, to revise the matching funds requirements for States participating in the National Guard Challenge Program and to authorize appropriations for the program for fiscal year 2004 and thereafter.

United States · United States Congress · 7 May 2003

Amends Federal provisions concerning State participation in the National Guard Challenge Program (a civilian youth opportunities program conducted by the Secretary of Defense) to: (1) provide a maximum Federal matching funds level of 65 percent of the costs of operating the State program during FY 2004, 70 percent during FY 2005, and 75 percent during FY 2006; and (2) authorize appropriations for the Program for FY 2004 and beyond.

Bill· HRH.R. 7 (108th)referred

Charitable Giving Act of 2003

United States · United States Congress · 7 May 2003

Charitable Giving Act of 2003 - Amends the Internal Revenue Code with respect to charitable giving and charitable organizations to: (1) allow a deduction for a portion of charitable contributions to individuals who do not itemize; (2) allow tax-free distributions from individual retirement accounts for charitable purposes; (3) increase the cap on corporate charitable contributions; (4) provide a special rule for charitable contributions of food inventory; (5) revise certain excise taxes related to private foundations; (6) modify the excise tax on unrelated business taxable income of charitable remainder trusts; (7) extend and expand the charitable contribution for scientific property used for research and for computer technology and equipment used for educational purposes; (8) adjust the basis of S corporation stock for certain charitable contributions; (9) suspend the tax-exempt status of terrorist organizations; (10) revise church tax inquiry provisions; (11) revise declaratory judgment remedy provisions relating to tax-exempt organizations; (12) exclude from gross income certain landowner initiatives programs to conserve endangered habitats or species; (13) repeal the grassroots expenditure limit for charitable organizations; and (14) set forth a private foundation's permitted holdings, including provisions relating to a corporation that is publicly traded and publicly controlled. Amends title IV of the Social Security Act to authorize the Secretary of Health and Human Services to make grants to any private entity that operates a promising social services program (as defined by this Act). Amends the Assets for Independence Act to authorize appropriations for the assets for independence programs. Expresses the sense of Congress encouraging corporate contributions to faith-based organizations. Amends the Runaway and Homeless Youth Act to include maternity group homes (as defined by this Act) within the program for transitional living youth projects for homeless youth. Authorizes FY 2003 and 2004 appropriations for such group homes.

Bill· SS. 1000 (108th)referred

National Guard and Reserves Reform Act for the 21st Century

United States · United States Congress · 6 May 2003

National Guard and Reserves Reform Act for the 21st Century - Makes an individual eligible for retired pay for non-regular (reserve) military service if such individual: (1) satisfies one of specified combinations of minimum age (between 55 and 60) and years of service (between 20 and 30); (2) performed the last six years of qualifying service in currently authorized categories of military service, but not while a member of a regular component, the Fleet Reserve, or the Fleet Marine Corps Reserve; and (3) is not entitled to any other retirement pay from an armed force or as a member of the Fleet Reserves. Authorizes a member of the Selected Reserve to enroll for self or for self and family under the TRICARE program (a Department of Defense managed health care program). Amends the Internal Revenue Code to provide a reserve component employment credit equal to the sum of the employment credit with respect to all qualified employees of the taxpayer and the self-employment credit of a qualified self-employed taxpayer. Limits the credit to $25,000 for each qualified employee. Disallows the credit for failure to comply with reserve member employment or reemployment rights, or when a reserve member is called or ordered to active duty for training.

Bill· HRH.R. 1989 (108th)referred

To amend the Internal Revenue Code of 1986 to allow individuals to defer recognition of reinvested capital gains distributions from regulated investment companies.

United States · United States Congress · 6 May 2003

Amends the Internal Revenue Code to provide that, in the case of an electing individual, no gain shall be recognized on the receipt of a capital gain dividend distributed by a regulated investment company if such capital gain dividend is automatically reinvested in additional shares of the company pursuant to a dividend reinvestment plan. States that such deferral shall not apply to: (1) an individual with respect to whom a personal exemption is allowable to another person; and (2) an estate or trust.

Bill· SS. 988 (108th)referred

A bill to amend the Workforce Investment Act of 1998 to provide for a job training grant pilot program.

United States · United States Congress · 5 May 2003

Amends the Workforce Investment Act of 1998 to establish a job training grant pilot program. Directs the Secretary of Labor to make such grants to qualified training programs in the following forms: (1) placement grants, upon placement of a qualified graduate in qualifying employment; and (2) retention grants, in an additional amount, upon retention of a qualified graduate in qualifying employment for one year. Requires the Secretary, in determining the amount of such grants, to consider the economic benefit received by the Government from the employment of the qualified graduate, including increased tax revenue and decreased unemployment benefits or other support obligations. Sets forth criteria for qualified job training programs, qualified graduates, and qualifying employment.

Bill· SS. 992 (108th)referred

Life Insurance Tax Simplification Act of 2003

United States · United States Congress · 5 May 2003

Life Insurance Tax Simplification Act of 2003 - Amends the Internal Revenue Code to repeal provisions: (1) providing for the reduction in certain deductions of mutual life insurance companies; and (2) relating to distributions to shareholders from pre-1984 policyholders surplus accounts.

Bill· SS. 987 (108th)referred

Rural Health Care Fairness and Medicare Equity Act of 2003

United States · United States Congress · 5 May 2003

Rural Health Care Fairness and Medicare Equity Act of 2003 - Amends title XVIII (Medicare) of the Social Security Act (SSA) to direct the Secretary of Health and Human Services, for discharges occurring in a fiscal year beginning with FY 2004, to compute a standardized amount for hospitals in rural and small urban areas that is equal to the standardized amount computed for the previous fiscal year for hospitals located in a large urban area increased by the applicable percentage increase for the fiscal year involved. Sets the wage index at 62 percent for discharges occurring in FY 2004, except that hospitals receiving lower payments as a result of such new wage index would be held harmless. Creates a wage index floor for use in determining payments for discharges occurring in FY 2004 for hospitals with a wage index under 0.85. Directs the Secretary to publish and use alternative guidelines for geographic reclassification of certain hospitals located in sparsely populated States. Establishes a floor of 1.00 for the work geographic cost-of-practice index under the physician payment system.

Bill· HRH.R. 1949 (108th)open

Vendee Loan Restoration Act

United States · United States Congress · 5 May 2003

Vendee Loan Restoration Act - Reinstates the minimum and maximum percentages of purchases during a fiscal year of real property acquired by the Secretary of Veterans Affairs as the result of a default on a guaranteed loan that may be financed by a loan made by the Secretary. Increases the maximum percentage to 85 (65 under provisions that expired after September 30, 1990).

Bill· HRH.R. 1952 (108th)referred

District of Columbia $5000 Homebuyer Credit Act of 2003

United States · United States Congress · 5 May 2003

District of Columbia $5000 Homebuyer Credit Act of 2003 - Amends the Internal Revenue Code to make the District of Columbia first-time homebuyer credit permanent. Extends classification of "first-time homebuyer" to certain individuals buying a residence due to divorce or separation.

Bill· HRH.R. 1950 (108th)open

Millennium Challenge Account, Peace Corps Expansion, and Foreign Relations Authorization Act of 2003

United States · United States Congress · 5 May 2003

Foreign Relations Authorization Act, Fiscal Years 2004 and 2005 - Department of State Authorization Act, Fiscal Years 2004 and 2005 - Authorizes appropriations for FY 2004 and 2005 for: (1) the Department of State; and (2) U.S. international broadcasting activities. Sets forth certain Department of State authorities and activities, including: (1) diplomatic and consular activities; and (2) educational and cultural activities. Sets forth certain requirements with respect to: (1) the organization and personnel of the Department of State; (2) international organizations; and (3) U.S. international broadcasting activities. United States International Leadership Act of 2003 - Establishes a caucus of democratic countries that will help advance U.S. interests at international organizations and multilateral institutions. Global Internet Freedom Act of 2003 - Establishes within the Broadcasting Board of Governors an Office of Global Internet Freedom to develop and implement a comprehensive global strategy to combat state-sponsored and state-directed Internet jamming and persecution of those who use the Internet. Amends the United States International Broadcasting Act of 1994 to establish the United States International Broadcasting Agency as an independent agency of the executive branch (effectively abolishing the the Broadcasting Board of Governors and the International Broadcasting Bureau). International Free Media Act of 2003 - Establishes within the Department of State a Coordinator for International Free Media to coordinate U.S. government policies, programs, and projects that promote international press freedoms and free media. Sets forth provisions with respect to: (1) certain reporting requirements; and (2) human rights violations in certain countries. Defense Trade and Security Assistance Reform Act of 2003 - Amends the Arms Export Control Act to set forth requirements: (1) prohibiting a foreign country from transferring U.S. defense articles and services to a terrorist-supporting country; (2) authorizing the President to control the transfer of defense articles (other than firearms) and defense services to foreign persons within the United States; (3) urging establishment of new license exemptions with respect to the export of defense articles and services only after careful coordination with appropriate U.S. law enforcement agencies; (4) developing mechanisms to identify in connection with the export licensing process persons who have been convicted of violating laws relating to the financing of terrorism; and (5) prohibiting the sale or transfer to the military, police, or intelligence services of a foreign country in which the United States has imposed an arms embargo. Sets forth requirements imposing stringent controls on all items on the Missile Technology Control Regime (MTCR) Annex. Authorizes appropriations under the Arms Export Control Act, the Foreign Assistance Act of 1961, and the Security Assistance Act of 2000 with respect to foreign military sales and financing, international military education and training (IMET), security assistance for Israel and Egypt, demining and related activities, the Cooperative Development Program, maritime interdiction patrol boats for Mozambique, East Timor, democracy-building efforts in Cuba, the Congo Basin Forest Partnership (CBFP) program, combating piracy of U.S. copyrighted materials, and nonproliferation and disarmament activities. Missile Threat Reduction Act of 2003 - Amends the Arms Export Control Act to increase the duration of existing sanctions against foreign persons who violate U.S. export controls with respect to the transfer of missile equipment and technology on the MTCR Annex. Requires sanctions imposed under the Arms Export Control Act and the Export Adminsitration Act of 1979 to extend to governmental entities and other entities, including transactions involving third parties. Authorizes foreign assistance and technical assistance to countries that agree to destroy their ballistic missiles.

Bill· SS. 970 (108th)referred

Job Protection Act of 2003

United States · United States Congress · 1 May 2003

Job Protection Act of 2003 - Amends the Internal Revenue Code to repeal the foreign sales corporation/extraterritorial income (FSC/ETI) exclusion, with an exemption for certain binding contracts in effect before the date of enactment of this Act. Permits a foreign corporation that elected to be treated as a domestic corporation to revoke such election and be treated as a domestic corporation transferring its property to a foreign corporation with no gain recognized on such transfer. Provides: (1) a transitional 2004 through 2008 sliding-scale deduction for an FSC/ETI beneficiary based on the corporation's 2001 FSC/ETI benefit; and (2) special rules for 2003 and for fiscal year taxpayers. Defines "FSC/ETI benefit." Allows a deduction for income attributable to U.S. production activities equal to ten percent of qualified production activities. Provides a 2006 through 2009 phase-in period. Defines "qualified production activities" as: (1) the portion of the modified taxable income attributable to domestic activities; and (2) the domestic/foreign fraction. Sets forth related provisions with respect to: (1) determination of income attributable to domestic production activities; (2) domestic production gross receipts; (3) qualifying production property; (4) domestic/foreign fraction; and (5) special rules.

Bill· SS. 967 (108th)referred

Veterans Equal Treatment Act

United States · United States Congress · 1 May 2003

Veterans Equal Treatment Act - Requires the Secretary of Veterans Affairs to: (1) discontinue the funding allocation formula for the Department of Veterans Affairs medical care system known as the Veterans Equitable Resource Allocation system at the end of the fiscal year in which this Act is enacted; and (2) develop a new formula for the allocation of funds to the national service regions, known as Veterans Integrated Service Networks (VISNs), that takes into account specified requirements, including additional costs incurred by a VISN because the age of veterans, or the number of veterans requiring complex care, in that VISN exceeds the median for all VISNs. Authorizes additional appropriations to be allocated to VISNs that have experienced funding reductions.

Bill· HRH.R. 1922 (108th)open

Fair Taxes for Seniors Act

United States · United States Congress · 1 May 2003

Fair Taxes for Seniors Act - Amends the Internal Revenue Code to provide a one-time increase ($500,000) in the exclusion of gain from the sale of a principal residence by a taxpayer who has attained the age of 50 before such sale. (States that in the case of a joint return only one spouse need satisfy the age requirement.)

Bill· HRH.R. 1942 (108th)open

To amend the Internal Revenue Code of 1986 to provide tax incentives for the use of biodiesel as a fuel.

United States · United States Congress · 1 May 2003

Amends the Internal Revenue Code to establish a credit to promote the production and usage of biodiesel fuel. Requires a taxpayer to obtain a certification from the producer of the biodiesel which identifies the product produced in order to utilize the credit. Imposes a tax for biodiesel not used as fuel, but for which a credit was granted. Reduces motor fuel excise taxes on biodiesel mixtures. Provides for transfers of funds from the Commodity Credit Corporation to the Highway Trust Fund in amounts equivalent to the reductions that would occur but for this Act.

Bill· HRH.R. 1939 (108th)referred

Individual Tax Simplification Act of 2003

United States · United States Congress · 1 May 2003

Individual Tax Simplification Act of 2003 - Amends the Internal Revenue Code to revise provisions concerning nonrefundable personal credits to provide that the aggregate amount of such credits allowed shall not exceed the amount of normal taxes and surtaxes. Replaces the current three ranges for phaseout of the adoption, child, and Hope and Lifetime Learning tax credits with a single, uniform phaseout of such credits. Mandates a deduction from gross income of 38 percent of a net capital gain for any taxable year for a taxpayer other than a corporation. Repeals the overall limitation on itemized deductions, the phaseout of personal exemptions, and the alternative minimum tax on individuals. Establishes an additional income tax, if the adjusted gross income of an individual exceeds specified thresholds, at a rate estimated by the Secretary of the Treasury which will result in the Individual Tax Simplification Act of 2001 being revenue neutral over the first 10 years after its enactment.

Bill· HRH.R. 1913 (108th)referred

Rural Housing Tax Credit Act of 2003

United States · United States Congress · 1 May 2003

Rural Housing Tax Credit Act of 2003 - Amends the Internal Revenue Code to allow a credit (the lesser of ten percent of the purchase price or $5,000) for the purchase of a principal residence by a first-time rural homebuyer. Establishes credit limitations based upon: (1) adjusted gross income; and (2) tax. Provides for credit recapture in the event of: (1) certain sales; or (2) failure to use as a principal residence.

Bill· HRH.R. 1937 (108th)referred

Small Business Health Insurance Affordability Act of 2003

United States · United States Congress · 1 May 2003

Small Business Health Insurance Affordability Act of 2003 - Amends the Internal Revenue Code to: (1) allow for the deduction of 100 percent of the health insurance costs of self-employed individuals; (2) allow, for small employers, a limited credit for the expenses of employee health insurance coverage provided under a new health plan; and (3) provide for non-profit qualified health benefit purchasing coalitions. Directs the: (1) Secretary of Health and Human Services to establish a State grant program to demonstrate the effectiveness of innovative ways to increase health insurance access through market reforms and other innovations; and (2) Small Business Administration to award grants to facilitate health benefits information for small businesses.

Bill· HRH.R. 1936 (108th)referred

Small Business Health Insurance Expansion Act of 2003

United States · United States Congress · 1 May 2003

Small Business Health Insurance Expansion Act of 2003 - Amends the Internal Revenue Code to: (1) allow for the deduction of 100 percent of the health insurance costs of self-employed individuals; (2) allow, for small employers, a limited credit for the expenses of employee health insurance coverage provided under a new health plan; and (3) provide for non-profit qualified health benefit purchasing coalitions. Directs the: (1) Secretary of Health and Human Services to establish a State grant program to demonstrate the effectiveness of innovative ways to increase health insurance access through market reforms and other innovations; and (2) Small Business Administration to award grants to facilitate health benefits information for small businesses.

Bill· HRH.R. 1927 (108th)referred

To amend the Internal Revenue Code of 1986 to include wireless telecommunications equipment in the definition of qualified technological equipment for purposes of determining the depreciation treatment of such equipment.

United States · United States Congress · 1 May 2003

Amends the Internal Revenue Code to include wireless telecommunications equipment in the definition of qualified technological equipment for purposes of determining the depreciation treatment of such equipment under the accelerated cost recovery system.

Bill· HRH.R. 1926 (108th)referred

Intermediate Sanctions Compensatory Revenue Adjustment Act of 2003 (ISCRAA)

United States · United States Congress · 1 May 2003

Intermediate Sanctions Compensatory Revenue Adjustment Act of 2003 (ISCRAA) - Amends the Internal Revenue Code to impose on the collecting attorney: (1) in each excess fee transaction a tax equal to five percent of such fee; and (2) in any case in which such tax is imposed and the excess fee involved is not corrected within the taxable period, a tax of 200 percent of the excess fee involved. Defines: (1) collecting attorney; (2) excess fee transaction; and (3) taxable period. Authorizes Tax Court declaratory judgments with respect to excise taxes on excess fee transactions.

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