Taxation

A bill to amend the Internal Revenue Code of 1986 to allow an investment tax credit for the purchase of trucks with new diesel engine technologies, and for other purposes.

United States · United States Congress · 14 June 2005

Amends the Internal Revenue Code to allow an investment tax credit for five percent of the cost of a qualified truck. Defines "qualified truck" as a motor vehicle: (1) first placed in service on or after January 1, 2007, and before January 1, 2008; (2) powered by diesel fuel; (3) having a gross vehicle weight of more than 26,000 pounds; and (4) which complies with certain Environmental Protection Agency (EPA) regulations for diesel emissions. Allows such credit to reduce regular or alternative minimum tax liability. Permits a taxpayer election to expense the cost of qualified trucks placed in service in 2007.

Highway Reauthorization and Excise Tax Simplification Act of 2005

United States · United States Congress · 14 June 2005

Highway Reauthorization and Excise Tax Simplification Act of 2005 - Amends the Internal Revenue Code to extend through FY2011 excise taxes for certain buses, special motor fuels, alcohol fuels, heavy trucks and trailers, tires, and certain taxable fuels. Extends through FY2009 expenditure authority for the Highway Trust Fund and the Aquatic Resources Trust Fund. Revises or adds provisions relating to: (1) the gas guzzler excise tax; (2) the excise tax on certain fishing equipment; (3) excise tax exemptions for agricultural aerial applicators fixed-wing aircraft engaged in forestry operations; (4) excise tax exemptions for seaplane transportation and sightseeing flights; and (5) tax filing requirements for taxpayers with distilled spirit excise tax liability of not more than $50,000. Repeals the special occupational tax on producers and marketers of alcoholic beverages. Revises or adds recordkeeping and registration requirements for wholesale and retail dealers of alcoholic beverages. Allows an income tax credit for the the cost of carrying federal excise taxes on distilled spirits. Establishes a Motor Fuel Tax Enforcement Advisory Commission to review motor fuel revenue collections. Establishes a National Surface Transportation Infrastructure Financing Commission. Authorizes funding for studies of supplemental or alternative financing for the Highway Trust Fund. Directs the Delta Regional Authority to conduct a study of the transportation assets and needs of states in the Delta region. Establishes the Build America Corporation as a nonprofit, nongovernment corporation for the purpose of issuing Build America bonds to finance certain highway and transportation projects. Adds or increases penalties for: (1) frivolous tax submissions; (2) tax fraud and false statements; and (3) underpayments of tax resulting from certain offshore financial arrangements. Requires chief executive officers of corporations to independently verify annual corporate income tax returns.

SAVE LIVES Act

United States · United States Congress · 14 June 2005

Spectrum Availability for Emergency-Response and Law-Enforcement to Improve Vital Emergency Services Act or SAVE LIVES Act - Amends the Communications Act of 1934 to extend through December 31, 2008 (currently, 2006) the termination date for television broadcast licenses that authorize analog television service. Repeals provisions authorizing analog service extensions in limited circumstances. Directs the Federal Communications Commission (FCC) to take specified actions within specified deadlines for the final television channel assignment of full-power broadcast television stations authorized for digital service. Provides deadlines for the auction of recovered analog spectrum to be used for providing public emergency services. Directs the FCC to distribute to eligible persons analog-to-digital signal converter devices. Requires the Secretary of Homeland Security to establish a grant program to provide enhanced interoperability of communications equipment for first responders. Provides certain consumer education requirements regarding the transition to digital television service. Authorizes, with a sunset, temporary digital-to-analog signal conversion for certain cable television subscribers. Amends the Internal Revenue Code to allow tax credits for qualified electronic waste (television display screens) collected from consumers and recycled. Directs the: (1) Administrator of the Environmental Protection Agency to study establishing a nationwide recycling program for electronic waste; and (2) FCC to complete certain pending proceedings relating to conversion to digital television and related matters.

Working Families Gas Tax Credit Act of 2005

United States · United States Congress · 14 June 2005

Working Families Gas Tax Credit Act of 2005 - Amends the Internal Revenue Code to allow a nonrefundable tax credit for gasoline, diesel fuel, or kerosene used in highway vehicles for nonbusiness purposes. Limits the amount of such credit to $250 annually ($500 for joint returns). Reduces the allowable credit amount for taxpayers with modified adjusted gross incomes over $25,000 ($50,000 for joint returns). Allows the credit only in taxable years when the Secretary of the Treasury determines that the percentage change in the price of a gallon of gasoline is at least 200 percent of the change in the inflation rate for such year.

To amend the Internal Revenue Code of 1986 to extend and modify the credit for producing fuel from a nonconventional source.

United States · United States Congress · 14 June 2005

Amends the Internal Revenue Code to extend until January 1, 2009, the tax credit for fuel produced from certain nonconventional sources, including coalbed methane, tight sands gas, and gas produced from Devonian shale, and for fuel produced from landfill gas.

Providing for consideration of the bill (H.R. 2863) making appropriations for the Department of Defense for the fiscal year ending September 30, 2006, and for other purposes.

United States · United States Congress · 14 June 2005

Sets forth the rule for consideration of the bill (H.R. 2863) making appropriations for the Department of Defense for the fiscal year ending September 30, 2006.

Access to Affordable Health Care Act

United States · United States Congress · 13 June 2005

Access to Affordable Health Care Act - Amends the Internal Revenue Code to allow: (1) tax credits to small businesses for qualified employee health insurance expenses; (2) tax credits for qualified health insurance; (3) deductions for long-term care premiums; and (4) tax credits for individuals with long-term care needs. Requires the Secretary of Labor to award grants to states to assist in planning, developing, and operating qualified small employer purchasing groups for health insurance. Directs the Small Business Administration to award grants to states, local governments, and nonprofit organizations to provide health insurance information to small employers. Requires the Secretary of Health and Human Services (the Secretary) to award demonstration grants for states to demonstrate the effectiveness of innovative ways to increase access to health insurance. Renames title XXI (State Children's Health Insurance) (SCHIP) of the Social Security Act the FamilyCare program and allows states to extend coverage to qualified children, parents, and pregnant women. Allows states to simplify the qualification and enrollment requirements. Requires the Secretary to provide for improved outreach and enrollment in government programs for eligible children and homeless individuals and families. Expresses the sense of the Senate that appropriations for consolidated health centers and the National Health Service Corps should be doubled over the next five fiscal years. Requires the Secretary to: (1) award grants to states for the promotion of healthy lifestyles and for the establishment and operation of worksite wellness programs for small employers and their employees; (2) expand comprehensive school health education programs; and (3) establish demonstration projects related to providing low-cost, high-quality health care and attracting educators and clinical practitioners to underserved areas.

Renewable Energy Incentives Act

United States · United States Congress · 13 June 2005

Renewable Energy Incentives Act - Amends the Internal Revenue Code to: (1) make permanent the tax credit for the production of electricity from renewable resources; (2) increase the rate of such credit; (3) extend the 10 year credit period to all qualified energy facilities eligible for the credit; (4) include incremental geothermal energy production and incremental hydropower production as qualified energy resources for purposes of the credit; (5) increase the credit rate for co-production facilities and qualified facilities located within certain Indian and Alaskan Native Indian lands; (6) permit the transfer of tax credit amounts earned by certain tax-exempt entities to taxable entities; and (7) allow the credit to offset alternative minimum taxable income. Denies the tax credit for facilities which are not in compliance with applicable state and federal pollution prevention, control and permit requirements.

To amend the Internal Revenue Code of 1986 to extend and expand the deduction for certain expenses of elementary and secondary school teachers.

United States · United States Congress · 13 June 2005

Amends the Internal Revenue Code to extend until 2015 the tax deduction from gross income for certain expenses of elementary and secondary school teachers and to include the expenses of preschool teachers, instructors, counselors, or aides as deductible expenses. Changes the amount of such deduction to allow $250 for a preschool, elementary, or secondary school teacher, instructor, counselor, principal, or aide working in a school for at least 450 hours during a school year and $500 for such school employees working at least 900 hours.

Providing for consideration of the bill (H.R. 2862) making appropriations for Science, the Departments of State, Justice, and Commerce, and related agencies for the fiscal year ending September 30, 2006, and for other purposes.

United States · United States Congress · 13 June 2005

Sets forth the rule for consideration of the bill (H.R. 2862) making appropriations for Science, the Departments of State, Justice, and Commerce, and related agencies for the fiscal year ending September 30, 2006.

National Security and Bioenergy Investment Act of 2005

United States · United States Congress · 9 June 2005

National Security and Bioenergy Investment Act of 2005 - Amends the Biomass Research and Development Act of 2000 to redefine "biomass." Revises provisions respecting: (1) Biomass Research and Development Technical Advisory Committee membership; (2) the Biomass Research and Development Initiative; (3) reports; and (4) funding. Eliminates the termination date for authority under such Act. Directs the Secretary of Agriculture to: (1) conduct a research, development, and demonstration program on the economic production and use of hydrogen from biofuels, with emphasis on the rural transportation and rural electrical generation sectors; (2) establish an incentive program for the production of cellulosic biofuels; and (3) make small business bioproduct marketing and certification grants; (4) make regional bioeconomy development grants; (5) make preprocessing and harvesting demonstration grants; and (6) contract for a biobased fuels and products education program. Directs the Secretary to establish a position of Assistant Secretary of Agriculture for Energy and Biobased Products, who shall be responsible for: (1) energy programs under title IX of the Farm Security and Rural Investment Act of 2002; and (2) all other programs and initiatives that the Secretary considers appropriate. Amends the Farm Security and Rural Investment Act of 2002 respecting federal biobased product procurement. Directs the Architect of the Capitol to establish in the Capitol Complex a public education program regarding biobased product use by the Architect. Expresses the sense of the Senate that Congress should amend the tax code to encourage investment in, and production and use of, biobased fuels and biobased products through investment tax credits for small manufacturers and facilities construction.

Oil Spill Liability Trust Fund Maintenance Act

United States · United States Congress · 9 June 2005

Oil Spill Liability Trust Fund Maintenance Act - Amends the Internal Revenue Code to provide for the reinstatement of the Oil Spill Liability Trust Fund financing rate (5-cents per barrel of oil). Suspends such financing rate in any calendar quarter if the Secretary of the Treasury estimates that the unobligated balance in the Trust Fund exceeded $3 billion in the preceding calendar quarter.

First-Time Homebuyers' Tax Credit Act of 2005

United States · United States Congress · 9 June 2005

First-Time Homebuyers' Tax Credit Act of 2005 - Amends the Internal Revenue Code to: (1) allow an income-based, one-time tax credit for first-time homebuyers of ten percent of a principal residence's purchase price ($3,000 maximum credit, $6,000 maximum credit for joint filers); (2) allow transfer of such credit (within 30 days of transfer application) as payment towards related downpayment and closing costs; and (3) apply the credit to purchases made on or after January 1, 2005, and before January 1, 2010, and to binding contracts made between such dates, and in which the residence is occupied before July 1, 2011.

New Apollo Energy Act of 2005

United States · United States Congress · 9 June 2005

New Apollo Energy Act of 2005 - Establishes the New Apollo Energy Act Performance Goals, which the President shall consider when formulating and enforcing national energy policy. Instructs the Secretary of Energy to coordinate the participation of National Laboratories, universities, commercial industry, and other organizations in implementing this Act. Sets forth technology research programs concerning: (1) clean energy; (2) energy efficiency; (3) fusion energy; and (4) ultra-deepwater and extended reach drilling and carbon sequestration technologies. Creates tax incentives, in the form of tax credits and deductions from grosss income, for new technologies. Sets forth a federal framework for support of diverse energy technology initiatives. Directs the President to fill the Strategic Petroleum Reserve to full capacity and ensure that the fill rate minimizes impacts on petroleum markets. Amends the Commodity Exchange Act to grant the Commodity Futures Trading Commission jurisdiction over energy trading markets and metals trading markets. Sets forth federal assistance programs covering weatherization and energy efficient housing. Sets forth a national net metering requirement for utilities and interconnection standards for distributive energy generation. Sets forth initiatives to reduce greenhouse gases including: (1) federal climate change research; (2) national greenhouse gas database; (3) market-driven greenhouse gas reductions; and (4) emission reduction requirements and allocation and use of tradeable allowances. Establishes the Climate Change Credit Corporation to use the tradeable allowances, and proceeds derived from its trading activities in tradeable allowances, to reduce costs borne by consumers as a result of the greenhouse gas reduction requirements. Amends the Clean Air Act to set forth a renewable fuel program. Sets forth a program of loan guarantees for biorefineries and renewable electricity generation facilities. Balanced Energy Supply Tax Policy Act of 2005 - Amends the Internal Revenue Code of 1986 to: (1) limit tax reductions to revenue raised by tax offsets; and (2) deny treaty benefits for certain deductible payments. Prescribes guidelines governing the: (1) doctrine of economic substance; (2) penalty for understatements attributable to transactions lacking economic substance; and (3) understatement of taxpayer's liability by income tax return preparer.

To require the Congressional Budget Office and the Joint Committee on Taxation to use dynamic economic modeling in addition to static economic modeling in the preparation of budgetary estimates of proposed changes in Federal revenue law.

United States · United States Congress · 9 June 2005

Expresses the sense of Congress that it is necessary to ensure that Congress is presented with reliable information from the Congressional Budget Office (CBO) and the Joint Committee on Taxation as to the dynamic macroeconomic feedback effects to changes in federal law and the probable behavioral responses of taxpayers, businesses, and other parties to such changes. Requires the Joint Committee and CBO to prepare fiscal estimates of each proposed change in federal revenue law on the basis of assumptions that estimate the probable behavioral responses of personal and business taxpayers and other relevant entities to such change and its dynamic macroeconomic feedback effects. Applies such requirement only to proposed changes that, pursuant to static fiscal estimates, have a fiscal impact exceeding $250 million in any fiscal year.

Office of National Drug Control Policy Reauthorization Act of 2005

United States · United States Congress · 9 June 2005

Office of National Drug Control Policy Reauthorization Act of 2005 - Amends the Office of National Drug Control Policy Reauthorization Act of 1998 to reauthorize the Office through FY 2010. Requires the Director of the Office to: (1) coordinate with the private sector to promote private research and development of medications to treat addiction; (2) seek the support of state and local officials in National Drug Control Strategy formulation and implementation; (3) submit an annual report to the President on major drug transit or illicit drug producing countries and whether each has cooperated fully with the United States; (4) submit to Congress comprehensive strategies that address increased threats from South American and Afghan heroin, a general counter-drug intelligence plan, and a Southwest Border Counter-narcotics Strategy (modifies provisions regarding the Strategy); and (5) submit to Congress annually a description of a national drug control performance measurement system. Directs the Secretaries of Agriculture, Interior, Homeland Security, and Defense to submit, annually, specified information regarding illegal drug cultivation and manufacturing on federal lands. Dawson Family Community Protection Act - Requires the Director to ensure that at least $5 million of amounts appropriated for a fiscal year for the High Intensity Drug Trafficking Areas Program is used for specified purposes in areas with severe neighborhood safety and illegal drug distribution problems. Requires the Director to: (1) act through the Chief Scientist (currently, through the Director of Technology) in undertaking specified activities; and (2) conduct a national youth anti-drug media campaign. Requires the Office's Deputy Director for Supply Reduction to serve as the U.S. Interdiction Coordinator and establishes an Interdiction Committee.

UNITED NATIONS REFORM ACT OF 2005; FOREIGN RELATIONS AUTHORIZATION ACT, FISCAL YEARS 2006 AND 2007; AND EXPRESSING THE SENSE OF THE HOUSE OF REPRESENTATIVES REGARDING THE MASSACRE AT SREBRENICA IN JULY 1995

United States · United States House of Representatives · 8 June 2005

A bill to prevent certain discriminatory taxation of natural gas pipeline property.

United States · United States Congress · 8 June 2005

Describes the following as acts that unreasonably burden and discriminate against interstate commerce, and prohibits States, political subdivisions, and any other taxing authority from: (1) assessing natural gas pipeline property at a value that has a higher ratio to its true market value than the ratio used to assess other commercial and industrial property in the same assessment jurisdiction; (2) levying or collecting a tax on such an assessment; (3) levying or collecting an ad valorem property tax on natural gas pipeline property at a rate that exceeds the rate applicable to commercial and industrial property in the same assessment jurisdiction; or (4) imposing any other tax that discriminates against a natural gas pipeline providing transportation or storage of natural gas subject to the jurisdiction of the Federal Energy Regulatory Commission. Grants jurisdiction to U.S. District Courts and provides for specified relief for claims of discriminatory taxation of natural gas pipeline property.

Realistic Roofing Tax Treatment Act of 2005

United States · United States Congress · 8 June 2005

Realistic Roofing Tax Treatment Act of 2005 - Amends the Internal Revenue Code to: (1) classify as 20-year property for depreciation purposes any roof system which meets the requirements of Standard 90.1-2004 of the American Society of Heating, Refrigerating, and Air Conditioning Engineers; and (2) require use of the straight line method for depreciation of such property.

Climate Change Technology Tax Incentives Act of 2005

United States · United States Congress · 8 June 2005

Climate Change Technology Tax Incentives Act of 2005 - Amends the Internal Revenue Code to allow tax credits for: (1) investment in a greenhouse gas intensity reduction project; (2) production from advanced nuclear power facilities; and (3) investment in nuclear power facilities. Authorizes the issuance of tax-exempt facility bonds for nuclear power facilities. Expresses the sense of the Senate that: (1) the tax credit for electricity produced from certain renewable resources should be extended through 2010; and (2) the tax credit for increasing research activities should be increased and made permanent. Terminates the tax credits proposed by this Act after 2010.

United States Patent and Trademark Fee Modernization Act of 2005

United States · United States Congress · 8 June 2005

United States Patent and Trademark Fee Modernization Act of 2005 - Revises the schedule of fees for patents and trademarks. Specifies general fees (filing fees and basic national fees), excess claims fees, examination fees, issue fees, a disclaimer fee, appeal fees, revival fees, patent maintenance fees, search fees, and other fees for processing, services, or materials. Requires the Director to conduct a study on the effect of patent fees on the ability of small entity inventors to file patent applications. Establishes in the Treasury a Patent and Trademark Fee Reserve Fund for fees collected by the United States Patent and Trademark Office (USPTO) in excess of amounts appropriated to USPTO for that fiscal year. Amends the Consolidated Appropriations Act, 2005 to repeal provisions setting forth patent and trademark fees.

Clean Energy Bonds Act of 2005

United States · United States Congress · 8 June 2005

Clean Energy Bonds Act of 2005 - Amends the Internal Revenue Code to allow holders of clean energy bonds a nonrefundable tax credit of 25 percent of an annual credit amount as determined by the Secretary of the Treasury. Defines "clean energy bond" as any bond issued by a clean energy bond lender, a cooperative electric company, a governmental body, or the Tennessee Valley Authority (TVA) that is used for capital expenditures for specified projects for producing electricity from certain renewable resources, such as wind, biomass, solar energy, small irrigation power, and municipal solid waste. Sets forth rules for maturity limitations, arbitrage, and expenditures, including a requirement that 95 percent of proceeds from the sale of a bond issue be spent on a renewable resource project within five years from the date of a bond issuance. Terminates the authority to issue clean energy bonds after 2008.

Up-Skilling Tax Credit Act of 2005

United States · United States Congress · 8 June 2005

Up-Skilling Tax Credit Act of 2005 - Amends the Internal Revenue Code to allow a general business tax credit for up to 20 percent of the cost of technical training for employees performing services in a trade or business of the taxpayer. Limits the amount of the credit to $1,000 for each employee, reduced by credit amounts for all prior taxable years. Terminates the credit after 2009.

Public Safety Tax Cut Act

United States · United States Congress · 8 June 2005

Public Safety Tax Cut Act - Amends the Internal Revenue Code to: (1) allow full-time police officers or firefighters a tax credit of $1,000; and (2) exclude from the gross income of volunteer police officers or firefighter certain public services benefits received from a state or local government agency.

Police Security Protection Act

United States · United States Congress · 8 June 2005

Police Security Protection Act - Amends the Internal Revenue Code to allow certain law enforcement or private security officers a nonrefundable tax credit for the cost of an armor vest, up to $1,200 for each officer.

Securing Access, Value, and Equality in Health Care Act

United States · United States Congress · 7 June 2005

Securing Access, Value, and Equality in Health Care Act - Amends the Internal Revenue Code to: (1) allow individual taxpayers a refundable tax credit for health insurance costs paid for the benefit of the taxpayer, the taxpayer's spouse, and dependents; (2) require business taxpayers who receive payments for certain employee health insurance coverage to file informational returns; and (3) direct the Secretary of the Treasury to make advance payments of health insurance tax credit amounts to health insurance providers.

Warm Welcome Home Act

United States · United States Congress · 7 June 2005

Warm Welcome Home Act - Amends the Internal Revenue Code to revise the definition of qualified veteran for purposes of the work opportunity tax credit to include veterans with a disability rating of not less than 10 percent.

Art and Collectibles Capital Gains Tax Treatment Parity Act

United States · United States Congress · 7 June 2005

Art and Collectibles Capital Gains Tax Treatment Parity Act - Amends the Internal Revenue Code to: (1) eliminate the 28-percent capital gains tax rate for collectibles, thus allowing gain from the sale of collectibles (including art works) to be taxed at the 15-percent tax rate applicable to other investment property; (2) allow the creator of a literary, musical, artistic, or scholarly property a fair market value tax deduction for the donation of such property to a tax-exempt organization, if properly appraised and donated no sooner than 18 months after its creation.

To amend the Internal Revenue Code of 1986 to require the Secretary of the Treasury and the Commissioner of Social Security to disclose certain taxpayer returns and return information upon written request by an order from a State or local court in a family law proceeding.

United States · United States Congress · 7 June 2005

Amends the Internal Revenue Code to require the Secretary of the Treasury and the Commissioner of Social Security to disclose tax returns and return information to a state or local court, upon written request by an order of such court, for purposes of family law proceedings.

Victims Tax Fairness Act of 2005

United States · United States Congress · 7 June 2005

Victims Tax Fairness Act of 2005 - Amends the Internal Revenue Code to: (1) include in gross income amounts awarded to or received by the taxpayer, whether by suit or agreement, on account of nonphysical personal injury that are designated for attorneys' fees and costs; and (2) allow a tax deduction from gross income for attorneys' fees and costs awarded to or paid by the taxpayer, whether by suit or agreement, on account of nonphysical personal injury.

Art and Collectibles Capital Gains Tax Treatment Parity Act

United States · United States Congress · 7 June 2005

Art and Collectibles Capital Gains Tax Treatment Parity Act - Amends the Internal Revenue Code to: (1) eliminate the 28-percent capital gains tax rate for collectibles, thus allowing gain from the sale of collectibles (including art works) to be taxed at the 15-percent tax rate applicable to other investment property; (2) allow the creator of a literary, musical, artistic, or scholarly property a fair market value tax deduction for the donation of such property to a tax-exempt organization, if properly appraised and donated no sooner than 18 months after its creation.

Homeowners' Benefit Protection Act of 2005

United States · United States Congress · 7 June 2005

Homeowners' Benefit Protection Act of 2005 - Amends the Internal Revenue Code to provide for an annual inflation adjustment to the $250,000 limitation amount on the tax exclusion of gain from the sale of a principal residence.

Providing for consideration of the bill (H.R. 2744) making appropriations for Agriculture, Rural Development, Food and Drug Administration, and Related Agencies for the fiscal year ending September 30, 2006, and for other purposes.

United States · United States Congress · 7 June 2005

Sets forth the rule for consideration of the bill (H.R. 2744) making appropriations for Agriculture, Rural Development, Food and Drug Administration, and Related Agencies for the fiscal year ending September 30, 2006.

EXPRESSING THE SENSE OF THE HOUSE OF REPRESENTATIVES REGARDING THE MASSACRE AT SREBRENICA IN JULY 1995; AND TO AUTHORIZE APPROPRIATIONS FOR THE DEPART- MENT OF STATE FOR FISCAL YEARS 2006 AND 2007, AND FOR OTHER PURPOSES

United States · United States House of Representatives · 26 May 2005

STATE, FOREIGN OPERATIONS, AND RELATED PROGRAMS APPROPRIATIONS FOR FISCAL YEAR 2006

United States · United States Senate · 26 May 2005

COMMERCE, JUSTICE, SCIENCE, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2006

United States · United States Senate · 26 May 2005

Legal Services Benefit Act of 2005

United States · United States Congress · 26 May 2005

Legal Services Benefit Act of 2005 - Amends the Internal Revenue Code to restore, increase, and make permanent the exclusion from gross income for amounts received under qualified group legal services plans.

HOPE at HOME Act of 2005

United States · United States Congress · 26 May 2005

Helping Our Patriotic Employers at Helping Our Military Employees Act of 2005 or the HOPE at HOME Act of 2005 - Entitles federal employees who are absent from their jobs for a period of more than 90 days for the purpose of performing active duty service in the uniformed services to receive the full amount of basic pay that they would have received if there had been no such interruption in their federal employment. Amends the Internal Revenue Code to: (1) allow employers a business tax credit for 50 percent of the actual compensation paid to Ready Reserve-National Guard employees while on active duty or hospitalized incident to such duty; (2) allow employers a tax credit for wages paid to temporary employees hired to replace Ready Reserve-National Guard employees while on active duty; (3) provide for withholding of tax on differential wage payments to active duty members of the uniformed services; and (4) treat such differential wage payments as employee compensation for retirement plan purposes, including for the deductibility of contributions to individual retirement accounts.

Coal-based Generation Improvement Act

United States · United States Congress · 26 May 2005

Coal-based Generation Improvement Act - Directs the Secretary of Energy to provide certain financial incentives for the deployment of advanced coal-based generation technologies. Allows sponsors of projects using advanced coal-based generation technology to elect certain tax benefits, including an investment tax credit and accelerated depreciation. Amends the Internal Revenue Code to allow a tax credit for investment in clean energy bonds. Directs the Secretary to designate a federal project coordinator to facilitate federal agency approvals of eligible advanced coal generation projects.

A bill to amend the Internal Revenue Code of 1986 to extend the credit period for electricity produced from renewable resources at certain facilities, to extend the credit for electricity produced from certain renewable resources, and for other purposes.

United States · United States Congress · 26 May 2005

Amends the Internal Revenue Code to: (1) extend the credit period for the tax credit for producing electricity from renewable resources to 10 years for all renewable resources eligible for such credit; and (2) extend such tax credit through 2007 for qualified facilities placed in service before January 1, 2011, pursuant to a written binding contract in effect on December 31, 2007.

Fair Treatment for Precious Metals Investors Act

United States · United States Congress · 26 May 2005

Fair Treatment for Precious Metals Investors Act - Amends the Internal Revenue Code to treat bullion (e.g., gold, silver, platinum, and palladium) as a long-term capital asset (currently, treated as a collectible), eligible for preferential capital gains tax rates.

Clean Coal Research, Development, Demonstration, and Deployment Act of 2005

United States · United States Congress · 26 May 2005

Clean Coal Research, Development, Demonstration, and Deployment Act of 2005 - Instructs the Secretary of Energy to establish a clean coal power initiative to provide assistance to specified projects that: (1) operate within the United States with U.S. coal; and (2) advance efficiency, reliability, environmental performance, and cost competitiveness, or develop alternative technology pathways beyond the levels of technologies that are either currently in commercial service, or have demonstrated that commercial service is viable. Directs the Secretary to conduct a program of technology research, development, demonstration, and commercial application for coal and power systems. Sets forth a program to provide federal financial: (1) assistance for projects that will use integrated gasification combined cycle or other advanced coal-based generation technologies; and (2) incentives for deployment of advanced coal-based generation technologies. Amends the Internal Revenue Code of 1986 to designate certified coal property as entitled to the energy investment tax credit. Allows a credit against tax for holders of clean energy bonds. Instructs the Secretary to: (1) establish an industrial gasification technology research, development, and demonstration program; (2) establish an Office of Industrial Gasification Coordination; and (3) identify cost and performance goals of industrial gasification technologies whose deployment would permit the continued cost-competitive gasification of certain fuels to produce chemical feedstocks or ammonia-based fertilizers and liquid transportation fuels. Directs the Secretary to establish a competitive program to consider and award certifications for investment and production tax credits to industrial gasification project sponsors. Amends the Internal Revenue Code of 1986 to allow: (1) a synthesis gas production tax credit for production from certified industrial gasification projects; and (2) an investment tax credit for property involved in such projects.

A bill to amend the Internal Revenue Code of 1986 to provide for the expensing of broadband Internet access expenditures, and for other purposes.

United States · United States Congress · 26 May 2005

Amends the Internal Revenue Code to permit taxpayers to elect to expense (i.e., deduct all expenses in the current taxable year) qualified broadband expenditures, including installation and connection costs for subscribers in rural or underserved areas. Permits mutual or cooperative telephone companies to elect to reduce their unrelated business taxable income in any year by the amount of their qualified broadband expenditures. Directs the Secretary of the Treasury to: (1) designate census tracts identifying rural and underserved areas under this Act; and (2) prescribe regulations for carrying out the purposes of this Act. Prohibits federal or state agencies from adopting regulations and ratemaking procedures that would eliminate or reduce the broadband expense deduction provided by this Act.

A bill to amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing.

United States · United States Congress · 26 May 2005

Amends the Internal Revenue Code, with respect to taxation of U.S. shareholders of controlled foreign corporations, to permanently extend the subpart F exemption (which excludes such income from the shareholder's foreign personal holding company income) for active financing (insurance, banking, financing, or similar businesses) income earned on business operations overseas.

Keeping Our Promises to America's Children Act of 2005

United States · United States Congress · 26 May 2005

Keeping Our Promises to America's Children Act of 2005 - Provides a moratorium on compliance with certain requirements for adequate yearly progress under the Elementary and Secondary Education Act of 1965 as amended by the No Child Left Behind Act of 2001 (ESEA), for any fiscal year in which amounts appropriated are less than those authorized for the applicable program, project, or activity under ESEA title I (Improving the Academic Achievement of the Disadvantaged) part A (Improving Basic Programs Operated by Local Educational Agencies) (I-A). Authorizes state or local educational agencies receiving I-A funds to observe such moratorium. Directs the Secretary of Education to ensure that otherwise applicable negative consequences shall not apply to such recipients because of such action.

Clean Water Infrastructure Financing Act of 2005

United States · United States Congress · 26 May 2005

Clean Water Infrastructure Financing Act of 2005 - Amends the Federal Water Pollution Control Act to remove certain requirements for States with respect to construction of treatment works under capitalization grant agreements. Requires architectural and engineering contracts to be awarded consistent with procedures under the Federal Property and Administrative Services Act of 1949 or an equivalent State qualifications-based requirement. Directs the Administrator of the Environmental Protection Agency to assist States in establishing simplified procedures for small water systems to obtain assistance under the Act. Requires revolving funds to be used only for providing assistance for activities which have as a principal benefit the improvement or protection of water quality of navigable waters. Makes revisions concerning uses of funds for: (1) innovative technologies; (2) administrative expenses; (3) small system technical, planning, and management assistance; and (4) financially distressed communities. Revises requirements related to consistency with plans and eligibility of treatment works not considered publicly owned. Requires States to make grants to financially distressed communities in any fiscal year in which the Administrator has more than $1.4 billion available for obligation and allows a State to give priority to such communities in making loans. Directs the Administrator to provide technical and financial assistance to owners and operators of publicly-owned treatment works for: (1) inventorying critical treatment works assets; (2) evaluating the performance and condition of these assets; and (3) developing a plan for maintaining and replacing treatment works. Reauthorizes appropriations for FY2006-2010 for the revolving fund program.

Biennial Budgeting and Appropriations Act of 2005

United States · United States Congress · 26 May 2005

Biennial Budgeting and Appropriations Act of 2005 - Amends the Congressional Budget Act of 1974 to require: (1) biennial (currently, annual) budget resolutions; (2) biennial appropriations Acts; and (3) biennial government strategic and performance plans. Makes conforming amendments to the Rules of the House of Representatives. Defines the budget biennium as the two consecutive fiscal years beginning on October 1 of any odd-numbered year. Requires: (1) a federal agency, upon request by a congressional committee, to provide appropriate information regarding its appropriations requests and program administration; (2) the Comptroller General to furnish to such committee summaries of any audits or reviews of such program which the Comptroller General has completed during the preceding six years; and (3) the Comptroller General, Director of the Congressional Budget Office (CBO), and the Director of the Congressional Research Service (CRS) to furnish such committee appropriate information, studies, analyses, and reports. Requires the Director of the Office of Management and Budget (OMB) to determine and report to Congress on the impact and feasibility of changing the definition of a fiscal year, and the budget process based on that definition, to a two-year fiscal period with a biennial budget process based on such period. Requires the President's budget submission for FY2008 to include: (1) an identification of the budget accounts for which an appropriation should be made for each fiscal year of the FY2008-FY2009 biennium; and (2) budget authority that should be provided for each such fiscal year for the budget accounts. Directs: (1) the House and Senate committees, beginning with the 110th Congress, to work with the Comptroller General to develop plans to transition program authorizations to a multi-year schedule; and (2) the Comptroller General, during such Congress, to continue to provide assistance to Congress with respect to programmatic oversight, and in particular to assist the congressional committees in designing and conforming programmatic oversight procedures for FY2009-FY2010 biennium.

Affordable Housing Tax Credit Enhancement Act of 2005

United States · United States Congress · 26 May 2005

Affordable Housing Tax Credit Enhancement Act of 2005 - Amends the Internal Revenue Code to: (1) increase to $3.70 the per capita amount for determining the state housing credit ceiling; and (2) rename the low-income housing credit as the affordable housing credit.

To encourage the availability and use of motor vehicles that have improved fuel efficiency, in order to reduce the need to import oil into the United States.

United States · United States Congress · 26 May 2005

Amends the Internal Revenue Code to: (1) allow a tax credit for 25 percent of the cost of certain automobiles, trucks, or vans with fuel efficiency ratings of not less than 40 miles per gallon (35 percent for ratings of not less than 50 miles per gallon); (2) allow a business tax credit for the manufacture or production in the United States of qualified fuel-efficient automobiles for first retail sale; (3) make permanent the tax credit for increasing research activities; and (4) increase the rates of the alternative incremental tax credit for research activities. Authorizes the Secretary of Energy to provide loan guarantees up to $100 million per loan (up to $1 billion aggregate) to automobile manufacturers for the cost of converting to automobiles with a fuel efficiency rating of more than 40 miles per gallon. Prohibits the Administrator of the Environmental Protection Agency (EPA) from considering any automobile allowed a fuel-efficiency tax credit under this Act in calculating the average fuel economy of a manufacturer.

Veterans Health Care Full Funding Act

United States · United States Congress · 26 May 2005

Veterans Health Care Full Funding Act - Requires each fiscal year budget submitted to Congress by the President to include requests for amounts for veterans health care programs. Requires amounts appropriated for such programs to be available for two consecutive fiscal years. Establishes the Veterans Health Care Funding Review Board within the Department of Veterans Affairs. Directs the Board, beginning with FY2008, to determine the level of funding needed for such programs for that fiscal year and the next and to publish such determination in the Federal Register. Outlines veterans' health care needs factors to be considered by the Board in arriving at such determination. Repeals requirements for certain congressional notifications in connection with a funding request for a Department major medical facility project or lease. Provides a 30-day standard for access to medical care for veterans seeking primary or specialized care, as measured from: (1) the time the veteran contacts the Department seeking an appointment until the date a visit is completed (primary care); and (2) the date on which the veteran is referred to a specialist until the date a visit is completed (specialty care). Directs the Secretary of Veterans Affairs to develop a standard of waiting time during a visit and to periodically review the performance of Department facilities compared to that standard.