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601 records in US in 1973
United States · United States Congress · 15 February 1973
Allows an income tax deduction under the Internal Revenue Code of 1954 for ordinary and necessary expenses up to $1,000 for any taxable year, incurred by a taxpayer in making repairs and improvements to his residence which will reduce heat loss in winter and heat gain in summer. (Amends 26 U.S.C. 218)
United States · United States Congress · 15 February 1973
Requires that specified corporate income tax information shall be open to public inspection, shall appear in the annual shareholders report of such corporation, and shall appear in annual corporate reports submitted pursuant to the Securities Exchange Act of 1934. (Amends 26 U.S.C. 6110)
United States · United States Congress · 8 February 1973
Exempts from levy for the nonpayment of Federal taxes the salary or wages in the amount of $450 per month for the head of a family or $300 per month for an individual. (Amends 26 U.S.C. 6334(a))
United States · United States Congress · 8 February 1973
Requires the Secretary of Agriculture to determine by March 1, 1973, the amount of funds programmed and budgeted under specified Acts which will not be expended during the fiscal year 1973 for the purchase of agricultural commodities for distribution to school lunch programs. Provides that the amount of such funds shall be allocated among the States in proportion to the number of meals served in a State in the fiscal year 1972 under the National School Lunch Act and the Child Nutrition Act as that number relates to the total number of such meals served for such year in all the States. States that such funds shall be used for the purchase of food supplies by schools participating in school lunch and child nutrition programs. (Amends 42 U.S.C. 1755)
United States · United States Congress · 8 February 1973
Revises the percentage depletion rates under the Internal Revenue Code with regard to mines, wells, and other natural deposits. (Amends 26 U.S.C. 613 (b))
United States · United States Congress · 8 February 1973
Provides that the first $5,000 received as a civil service retirement annuity from the United States or any agency thereof shall be excluded from gross income under the Internal Revenue Code. (Amends 26 U.S.C. 121)
United States · United States Congress · 8 February 1973
Civil Service Annuity Incentive Act - Allows an income tax deduction under the Internal Revenue Code of 1954 for contributions on the part of civil service employees toward personal retirement annuities. States that the amount allowable as a deduction to an individual for any taxable year shall not exceed either $2,500, or 10 percent of his earned income for such taxable year, whichever is less.
United States · United States Congress · 8 February 1973
Requires that specified corpo ate income tax information shall be open to public inspection, shall appear in the annual shareholders report of such corporation, and shall appear in annual corporate reports submitted pursuant to the Securities Exchange Act of 1934. (Amends 26 U.S.C. 6110)
United States · United States Congress · 8 February 1973
Provides an additional personal exemption of $750 for the disability of the taxpayer or his spouse under the Internal Revenue Code of 1954. (Amends 26 U.S.C. 151 (d))
United States · United States Congress · 8 February 1973
Extends to all unmarried individuals the tax treatment of income splitting now utilized by married individuals filing joint returns under the Internal Revenue Code. Directs the Secretary of the Treasury to prescribe and publish tables reflecting the amendments made by this Act which shall apply in lieu of the tables set forth in the Internal Revenue Code with respect to wages paid on or after the first day of the first month which begins more than 20 days after the date of the enactment of this Act.
United States · United States Congress · 8 February 1973
Extends to all unmarried individuals the tax treatment of income splitting now utilized by married individuals filing joint returns under the Internal Revenue Code. Directs the Secretary of the Treasury to prescribe and publish tables reflecting the amendments made by this Act which shall apply in lieu of the tables set forth in the Internal Revenue Code with respect to wages paid on or after the first day of the first month which begins more than 20 days after the date of the enactment of this Act.
United States · United States Congress · 8 February 1973
Provides for an eighteen-month moratorium on State taxation of the carriage of persons in air transportation. Directs the Civil Aeronautics Board to investigate and to report to the President and to the Congress, what effect State taxes, fees and charges levied on persons traveling in air transportation hve on airrtransportation.in the United States. Authorizes appropriations of not more than u$100,000 to
United States · United States Congress · 8 February 1973
Allows a tax deduction under the Internal Revenue Code of not more than $750 for ordinary and necessary expenses paid during the taxable year for the repair or improvement of property used by the taxpayer as his principal residence. Permits any person who is the owner of rental housing and who rehabilitates or restores such housing to deduct the cost of such restoration, with respect to the amortization of the adjusted basis of such housing as so restored, based on a period of 60 months. Entitles any person who acquires rehabilitated or restored rental housing from a taxpayer who elected the amortization deduction and who did not discontinue the amortization deduction, to a deduction with respect to the adjusted basis of such facility based on the remaining amount of the 60 month period taken by the person who rehabilitated the house. Provides procedures for the election and termination of the amortization deduction and defines the terms used in this Act.
United States · United States Congress · 8 February 1973
Provides that, notwithstanding any other provision of law or any other regulation, no State shall receive a lesser allocation of water pollution control funds in fiscal year 1973 or fiscal year 1974 than it received in fiscal year 1972.
United States · United States Congress · 8 February 1973
Extends to all unmarried individuals the tax treatment of income splitting now utilized by married individuals filing joint returns under the Internal Revenue Code. Directs the Secretary of the Treasury to prescribe and publish tables reflecting the amendments made by this Act which shall apply in lieu of the tables set forth in the Internal Revenue Code with respect to wages paid on or after the first day of the first month which begins more than 20 days after the date of the enactment of this Act.
United States · United States Congress · 7 February 1973
Allows a tax credit under the Internal Revenue Code against the Federal income tax for State and local real property taxes or an equivalent portion of rent paid on their residences by individuals who have attained the age of 65. Provides that where an indivudal has attained the age of 65, there shall be allowed as a credit the amount of real property taxes paid which were imposed by a State or political subdivision on property owned and used by him as a principal residence or rent constituting such taxes as defined by the Internal Revenue Code. Allows payment by the U.S. Treasury to taxpayers to the extent of the difference between the credit and amount of such real property taxes where the tax imposed is less than real property taxes. Provides that the total credit payment for any taxable year shall not exceed $300 (or $150 in case of a single return). Reduces the amount of the credit allowed by the amount that the taxpayer's income exceeds $6,500 (or $3250 in the case of a married person filing a separate return). Directs that the credit be applied collectively in cases of joint ownership. Provides that where the joint return of the husband or wife is filed, the age requirement is met if either person is 65 or older. Apportions the credit allowed to cover only that part of a residence actually used by the taxpayer or that part of a farm not in excess of forty acres. Provides that an individual who is a tenant-stockholder in a cooperative housing corporation shall be treated as owning the house or apartment which he occupies and such person shall be treated as having paid real property taxes equal to the deduction allowable in direct proportion to taxes actually paid on a particular residence where during the taxable year there has been a change in residence. Provides that the term 'rent constituting property taxes" means an amount equal to 25 percent of the rent paid during a taxable year by the taxpayer for the right to occupy his dwelling (exclusive of charges for utilities, services, and furnishings). Reduces the amount of real property taxes paid by an individual by the amount of any refund given on such taxes. Provides that there shall be no assessment of interest charges where there has been an underpayment of taxes by an individual if the amount due is paid within sixty days after the taxpayer receives a refund of real property taxes which caused the underpayment. Specifies that deductions for State and local real property taxes shall not be affected by the credit allowed.
United States · United States Congress · 7 February 1973
Provides that any resident of the Republic of the Philippines may be a dependent for purposes of the income tax deduction for personal exemptions under the Internal Revenue Code. (Amends 26 U.S.C. 152(b)(3))
United States · United States Congress · 7 February 1973
Establishes procedures for determining an overall limit on appropriations for a fiscal year. Requires the President to notify within ten days each House of the Congress by special message of every instance in which he impounds funds or authorizes such impoundment by any officer of the United States. States that such message must specify the amount of impounded funds, the specific programs affected, and the reasons for the impoundment of funds. Provides that the President shall cease the impounding of funds set forth in each special message within sixty days of continuous session after the message is received by the Congress unless the specific impoundment shall have been ratified by the Congress by the passage of a resolution in States that four years after the enactment of this Act the fiscal year shall coincide with the calender year.
United States · United States Congress · 7 February 1973
Provides for a credit or refund under the Internal Revenue Code of 1954 of the manufacturers' excise tax on parts andtaccessories installed on light-duty trucks. (Adds 26 U.S.C. 6416 (b)(2)(T)
United States · United States Congress · 7 February 1973
Provides, under the Internal Revenue Code of 1954 a tax credit for employers who employ members of the hard-core unemployed. States that the credit allowed by this Act shall not exceed $25,000 plus 50 percent of so much of the liability of tax for the taxable year as exceeds $25,000. (Adds 26 U.S.C. 40)
United States · United States Congress · 7 February 1973
Allows a tax deduction, under the Internal Revenue Code of 1954, for expenses incurred by a taxpayer in making repairs and improvements to his residence. Limits such deduction to $1,000. (Amends 26 U.S.C. 219)
United States · United States Congress · 7 February 1973
Provides, under the Internal Revenue Code of 1954, for an increase in the amount of carbon dioxide that may be contained in still wines. (Amends 26 U.S.C. 5041 (a))
United States · United States Congress · 7 February 1973
Redefines the excise tax imposed under the Internal Revenue Code of 1954 on specified investment income of private foundations from "excise tax" to "service charge". Reduces such tax in amount from 14 percent to 1 1/2 percent. (Amends 26 U.S.C. 4940)
United States · United States Congress · 7 February 1973
Permits a foreign corporation primarily engaged in a banking, financing, or similar business to elect to treat all interest and all gain or loss from the sale or exchange of notes, bonds, or other evidences of indebtedness, arising in the course of the banking, financing, or similar business of the corporation making the election, which would not be treated as income effectively connected with the conduct of a trade or business within the United States, as income which is effectively connected with the conduct of a trade or business within the United States. Permits the withholding at source on all such income except to the extent that the requirement of such withholding is waived under regulations prescribed by the Secretary of the Treasury or his delegate upon determination that the collection of the tax imposed on such corporation will not be jeopardized by such waiver.
United States · United States Congress · 7 February 1973
Permits the treatment of payments to resident nursing homes as deductible charitable contributions under the Internal Revenue Code of 1954. (Amends 26 U.S.C. 170 (b)(i) (A) (iii))
United States · United States Congress · 7 February 1973
Directs the House Ways and Means Committee and the Senate Finance Committee to hold hearings on each tax preference contained in the Internal Revenue Code to ascertain: (1) if such preferences are or are not designed to further a socially desirable goal; (2) for those preferences designed to further socially desirable goals, whether or not the present law best implements such goals; (3) if such preferences are consistent with the overriding goal of equitably treating all taxpayers; and (4) if such preferences or consistent with the revenue requirements of the Federal Government. Provides that, upon completion of the abovementioned hearings and review, the House Ways and Means Committee and the Senate Finance Committee will report to the floors of the House and Senate, respectively, comprehensive legislation to reform, recodify, and simplify the Federal income, estate, and gift tax laws.
United States · United States Congress · 6 February 1973
Allows a credit against income tax to an individual for expenses incurred in providing higher education for himself or any other individual. Provides that such credit be an amount equal to the sum of (1) 100 percent of so much of such expenses as does not exceed $200; (2) 25 percent of so much of such expenses as exceeds $200 but does not exceed $500; and (3) 5 percent of so much of such expenses as exceeds $500 but does not exceed $1,500. Provides for proration of credit where more than one taxpayer pays expenses.
United States · United States Congress · 6 February 1973
Allows a tax deduction under the Internal Revenue Code of not more than $750 for ordinary and necessary expenses paid during the taxable year for the repair or improvement of property used by the taxpayer as his principal residence. Permits any person who is the owner of rental housing and who rehabilitates or restores such housing to deduct the cost of such restoration, with respect to the amortization of the adjusted basis of such housing as so restored, based on a period of 60 months. Entitles any person who acquires rehabilitated or restored rental housing from a taxpayer who elected the amortization deduction and who did not discontinue the amortization deduction, to a deduction with respect to the adjusted basis of such facility based on the remaining amount of the 60 month period taken by the person who rehabilitated the house. Provides procedures for the election and termination of the amortization deduction and defines the terms used in this Act.
United States · United States Congress · 6 February 1973
Excludes from gross income under the Internal Revenus Code the interest on series E U.S. savings bonds where the purchasing power of such interest and the price paid for such bond is less than the purchasing power of the price paid for such bond. (Amends 26 U.S.C. 121)
United States · United States Congress · 6 February 1973
Provides, under the Rural Electrification Act, that the Administrator of the Rural Electrification Administration is directed (presently "empowered") to fully obligate funds made available for each fiscal year for rural electrification programs provided for in such Act. (Amends 7 U.S.C. 901, 902, 904, 922)
United States · United States Congress · 6 February 1973
Provides that if an individual engages in an employment covering a period of 36 months or more, and the gross compensation in the taxable year is not less than 80 percent of the total compensation from such employment, then the tax attributable to any part of the individual's gross income shall not be greater than the aggregate of the taxes attributable to such part had it been included in the individual's gross income ratably over that part of the period which precedes the date of such receipt of compensation. Makes provisions for income tax averaging by a partnership. Permits similar income tax averaging with respect to the income from an invention or artistic work where the work involved covered a period of 24 months or more. States that if the amount of back pay received by an individual during the taxable exceeds 15 percent of individual's gross income, the part of the tax attributable to the inclusion of such back pay in gross income shall not be greater than the aggregate of the increases in the taxes which would have resulted from the inclusion of the respective portions of such back pay in gross income for the taxable years to which such portions are respectively attributable. Allows similar income tax averaging over the period of years involved with respect to compensatory damages received for patent infringement, damages for injuries under the antitrust laws. Sets forth rules and regulations to govern and clarify the provisions of this Act. (Amends 26 U.S.C. 1301-07)
United States · United States Congress · 6 February 1973
Provides, under the Rural Electrification Act, that the Administrator of the Rural Electrification Administration is directed (presently "empowered") to fully obligate funds made available for each fiscal year for rural electrification programs provided for in such Act. (Amends 7 U.S.C. 901, 902, 904, 922)
United States · United States Congress · 6 February 1973
Provides that, notwithstanding any other provision of law or any other regulation, no State shall receive a lesser allocation of water pollution control funds in fiscal year 1973 or fiscal year 1974 than it received in fiscal year 1972.
United States · United States Congress · 6 February 1973
Provides that in the case of any taxable year beginning after December 31, 1970, the provision of the Internal Revenue Code allowing a special deduction and income account shall also apply in all respects to a company which writes lease guaranty insurance or insurance or governmental obligations the interest on which is excludable from gross income. (Adds 26 U.S.C. 832 (e)(6))
United States · United States Congress · 5 February 1973
Residential Property Tax Relief Act - Allows each individual a credit against the income tax imposed by the Internal Revenue Code of 1954, equal to the amount paid by such individual in State and local residential property taxes which are imposed for the support of public elementary and secondary education. Provides that such taxes may not exceed the lesser of (1) $150 ($75 in the case of a married individual filing a separate return), or (2) the amount of the tax imposed by the Code for the taxable year reduced by the sum of the credits allowed under such Code. Provides that the credit allowed under this Act and the deduction allowed under the Code for State and residential property taxes shall not exceed the amount of residential property taxes paid for the support of public elementary and secondary education. (Adds 26 U.S.C. 42)
United States · United States Congress · 5 February 1973
Provides, under the Rural Electrification Act, that the Administrator of the Rural Electrification Administration is directed (presently "empowered") to fully obligate funds made available for each fiscal year for rural electrification programs provided for in such Act. (Amends 7 U.S.C. 901, 902, 904, 922)
United States · United States Congress · 5 February 1973
Provides, under the Federal Trade Commission Act, that exclusive territorial arrangements in any trademark licensing contract or agreement for the manufacture, distribution and sale of a trademarked food product shall not be deemed unlawful, provided: (1) that such product is in free and open competition with products of the same general class manufactured, distributed, and sold by others; (2) the licensee is in free and open competition with vendors of other products of the same general class; and (3) the licensor retains control over the nature and quality of such product in accordance with the provisions of the Trademark Act. (Amends 15 U.S.C. 41)
United States · United States Congress · 5 February 1973
Provides, under the Rural Electrification Act, that the Administrator of the Rural Electrification Administration is directed (presently "empowered") to fully obligate funds made available for each fiscal year for rural electrification programs provided for in such Act. (Amends 7 U.S.C. 901, 902, 904, 922)
United States · United States Congress · 5 February 1973
Changes the valuation of a decedent's interest in a ranch, farm or closely held business for estate tax purposes under the Internal Revenue Code of 1954 by giving an option for the business to be valued either at its present value or the higher of the decedent's cost basis, or a value based on the reasonable earning power of the business. Provides that to qualify for this option the decedent must have had an interest in the farm, ranch or business for at least ten years prior to the valuation date. Provides that under the market-value alternative all relevant factors should be considered in valuing an interest including the earning capacity of the business, ranch or farm and the degree of control represented by the interest being valued (Adds 26 U.S.C. 2031(c)).
United States · United States Congress · 5 February 1973
Fiscal Responsibility Act - Title I: Modification of the Fiscal Year - Provides that the fiscal year of all departments, agencies, and instrumentalities of the United States shall be the calendar year. Title II: Establishing Congressional Expenditures Limitations - Provides that the expenditures and net lending of the Federal Government during any fiscal year shall not exceed that amount which the Congress shall fix by concurrent resolution no later than forty-five legislative days after the latest day set by law for the budget message of the President with respect to such fiscal year. Provides for modification of such amount under specified circumstances. Title III: Establishing a Federal Impoundment Procedure - Provides that whenever the President impounds any funds appropriated by law out of the Treasury for a specific purpose or project, or approves the impounding of such funds by an officer or employee of the United States, he shall, within ten days thereafter, transmit to the House of Representatives and the Senate a special message specifying: (1) the amount of funds impounded; (2) the specific projects or governmental functions affected thereby; and (3) the reasons for the impounding of such funds. Provides that the President shall cease the impounding of funds specified in each special message within sixty calendar days of continuous session after the message is received if such impounding shall have been disapproved by either House of Congress by passage of a resolution, as provided for in this Act.
United States · United States Congress · 5 February 1973
Provides, under the Rural Electrification Act, that the Administrator of the Rural Electrification Administration is directed (presently "empowered") to fully obligate funds made available for each fiscal year for rural electrification programs provided for in such Act. (Amends 7 U.S.C. 901, 902, 904, 922)
United States · United States Congress · 5 February 1973
Allows a credit, under the Internal Revenue Code of 1954, against the individual income tax for tuition paid for the elementary or secondary education of dependents. Limits such tax credit to 50 percent of education expenses or $400, whichever is less. Provides for a reduction of this tax credit in an amount equal to $1 for every $20 by which the taxpayer's adjusted gross income exceeds $25,000. Defines tuition expenses allowable and educational institutions eligible under this Act. (Amends 26 U.S.C. 42)
United States · United States Congress · 5 February 1973
Provides that effective January 1, 1975, the fiscal year of the U.S. Government shall commence on January 1 of each year. (Amends 31 U.S.C. 1020)
United States · United States Congress · 5 February 1973
Provides, under the Rural Electrification Act, that the Administrator of the Rural Electrification Administration is directed (presently "empowered") to fully obligate funds made available for each fiscal year for rural electrification programs provided for in such Act. (Amends 7 U.S.C. 901, 902, 904, 922)
United States · United States Congress · 5 February 1973
Allows an income tax credit under the Internal Revenue Code for tuition paid by a taxpayer during the taxable year to any private nonprofit elementary or secondary school for the education as a full-time student of any dependent with respect to whom the taxpayer is allowed an income tax exemption under the Internal Revenue Code. Limits the tax credit to 50 percent of the tuition paid by the taxpayer or $200, whichever is less. Provides that any payment which is taken into account in determining the tax credit shall not be treated as an amount paid by the taxpayer for purposes of determining entitlement to a tax deduction. Allows any U.S. taxpayer to commence a proceeding in the U.S. District Court for the District of Columbia, within the three month period beginning on the date of enactment of this Act, to determine whether the provisions of this Act are valid legislation under the U.S. Constitution. (Amends 26 U.S.C. 42)
United States · United States Congress · 5 February 1973
Provides, under the Rural Electrification Act, that the Administrator of the Rural Electrification Administration is directed (presently "empowered") to fully obligate funds made available for each fiscal year for rural electrification programs provided for in such Act. (Amends 7 U.S.C. 901, 902, 904, 922)
United States · United States Congress · 5 February 1973
Provides, under the Rural Electrification Act, that the Administrator of the Rural Electrification Administration is directed (presently "empowered") to fully obligate funds made available for each fiscal year for rural electrification programs provided for in such Act. (Amends 7 U.S.C. 901, 902, 904, 922)
United States · United States Congress · 5 February 1973
Interest Equalization Tax Extension Act - Extends the application of the interest equalization tax until June 30, 1974. Provides an exemption from the U.S. estate tax imposed on nonresident alien individuals for debt obligations issued by a domestic company or partnership under the interest equalization tax election procedure. Eliminates from the exclusion of the interest equalization tax those acquisitions by a U.S. person of stock or debt obligations of a less developed country shipping corporation issued on or after January 30, 1973. obligor with the requirements of this Act.
United States · United States Congress · 5 February 1973
Sanctions the establishment of profit-sharing plans for employees of tax-exempt organizations under the Internal Revenue Code. (Amends 26 U.S.C. 501(a))
United States · United States Congress · 1 February 1973
Authorizes necessary appropriations for the Indian Claims Commission for fiscal years 1974, 1975, 1976, and 1977.