The world's political record
Records whose title is actually about this topic. Use a country filter if the list is still too broad.
601 records in US in 1979
United States · United States Congress · 23 May 1979
Sets forth the rule for the consideration of H. R. 3347 (Department of the Treasury international affairs functions fundings).
United States · United States Congress · 23 May 1979
Sets forth the rule for the consideration of H. R. 4035 (Supplemental international security assistance for Mideast peace).
United States · United States Congress · 22 May 1979
Amends the Internal Revenue Code to allow an income tax deduction for cash contributions made by an employee to a pension plan in which he is a qualified participant. Limits the amount of such deduction to the lesser of ten percent of an employee's gross compensation for a taxable year or $200.
United States · United States Congress · 22 May 1979
Crude Oil Decontrol Windfall Profits Tax Act of 1979 - Title I: Windfall Profits Tax - Amends the Internal Revenue Code to impose upon producers of domestic crude oil an excise tax on windfall profits from oil removed from the premises during each taxable period. Sets the rate of such tax at 100 percent of the windfall profit on each barrel of taxable crude oil. Defines "windfall profit" as the excess of the removal price of a barrel of crude oil (amount for which barrel is sold) over the sum of the adjusted base price of such barrel (the base price, plus the price multiplied by a cost of living adjustment for the calendar quarter in which the crude oil is removed from the premises) and the amount by which any severance tax imposed with respect to such barrel exceeds the severance tax which would have been imposed if the barrel had been extracted and sold on March 31, 1979, at the base price. Exempts newly discovered oil from the windfall profits tax. Requires oil producers to maintain such records with respect to oil production as the Secretary of Treasury may require. Specifies that windfall profit tax returns must be filed not later than the fifteenth day of the third month (fifteenth day of the fourth month in the case of an individual) following the close of the taxable period. Requires the purchaser of taxable crude oil to furnish to the the individual responsible for the payment of the windfall profits tax a monthly statement containing information with respect to: (1) the amount of taxable domestic crude oil purchased during such month; (2) the removal price of such oil; (3) the base price and the adjusted base price of such oil; (4) the amount of such taxpayer's liability for tax; (5) severance tax liability; and (6) other information which the Secretary may require. Imposes fines and criminal penalties for willful failure to provide such information. Requires each partnership, estate, and trust producing domestic crude oil for any taxable period to furnish to each partner or beneficiary a written statement showing: (1) the name of such partner or beneficiary; (2) information received by the partnership, trust, or estate from the purchaser of crude oil; (3) each partner's or beneficiary's share from the sale of crude oil; and (4) other information which the Secretary may require. Title II: Tax Credits - Allows income tax credits for the use of woodburning stoves, home heating oil, and hydroelectric power. Allows an income tax deduction for electricity purchased from a small hydroelectric power generation project for use in the taxpayer's trade or business.
United States · United States Congress · 22 May 1979
Small Hydroelectric Power Generation Incentive Act of 1979 - Amends the Internal Revenue Code to allow an additional investment tax credit for equipment used to produce electrical energy from hydroelectric power at existing small dams. Allows an income tax deduction equal to 50 percent of the cost electricity purchased from a small hydroelectric plant which is used by the taxpayer in his trade or business.
United States · United States Congress · 22 May 1979
Amends the Internal Revenue Code to deny a tax exclusion of the interest on State and local mortgage revenue bonds. Defines "mortgage revenue bonds" as bonds which are issued to provide funding for mortgages on owner-occupied residences. Permits a tax exclusion for interest earned on bonds which are issued to finance housing for veterans, as general revenue bonds, or for the financing of low- and moderate-income housing, or the rehabilitation of such housing.
United States · United States Congress · 22 May 1979
Amends the Internal Revenue Code to expand the age requirement for youths participating in the qualified cooperative education program from 16- 19 to 14-19, for purposes of the targeted jobs tax credit.
United States · United States Congress · 22 May 1979
Amends the Internal Revenue Code to deny the foreign tax credit for foreign related oil income. Defines "foreign oil related income" as income derived from sources outside the United States from: (1) the extraction of minerals from oil or gas wells; (2) the processing of such minerals into their primary products; (3) the transportation and sale of such minerals or primary products; or (4) the sale or exchange of assets used in energy related businesses. Denies credit carryovers and net operating loss carrybacks with respect to foreign oil related income.
United States · United States Congress · 22 May 1979
Amends the Internal Revenue Code to extend for one additional year (until January 1, 1981) provisions which allow taxpayers to treat as deductible expenses expenditures to remove architectural and transportation barriers to the handicapped and elderly.
United States · United States Congress · 22 May 1979
Amends the Internal Revenue Code to allow income, estate, and gift tax deductions for charitable contributions for the construction or maintenance of buildings to house tax-exempt fraternal organizations.
United States · United States Congress · 21 May 1979
Amends the Internal Revenue Code to extend the effective date of certain provisions relating to the tax imposed on acts of self-dealing between certain individuals and private foundations.
United States · United States Congress · 21 May 1979
Exempts trustee services by tax exempt foundations for disqualified persons from excise tax treatment as self-dealing where: (1) the service is pursuant to an irrevocable trust established before October 9, 1969; (2) the foundation's chartering State forbids it from acting as a trustee where it has no beneficial interest; (3) the foundation receives reasonable compensation for its services; and (4) the disqualified person's status as such arises solely from the trust instrument.
United States · United States Congress · 21 May 1979
Amends the Internal Revenue Code to increase the amount of employer-paid group-term life insurance premiums excluded from the gross income of employees to $150,000.
United States · United States Congress · 21 May 1979
Amends the Internal Revenue Code to entitle individuals who retired before January 1, 1977, and either retired on disability or were entitled to retire on disability, to the exclusion from gross income for amounts received under accident and health plans without regard to the applicable income restrictions.
United States · United States Congress · 21 May 1979
Amends the Internal Revenue Code to reduce the rate of tax on the taxable income of a corporation below $500,000.
United States · United States Congress · 21 May 1979
Amends the Internal Revenue Code to eliminate the age requirement for the one-time exclusion of gain from the sale or exchange of a principal residence.
United States · United States Congress · 21 May 1979
Tax Credit for the Care of the Elderly Act of 1979 - Amends the Internal Revenue Code to allow a refundable, income tax credit for the household expenses of any taxpayer who maintains a household in which a relative age 65 or over resides. Permits a credit of $400 for each such relative for a taxable year.
United States · United States Congress · 17 May 1979
Amends the Internal Revenue Code to deny a tax exclusion of the interest on State and local mortgage revenue bonds. Defines "mortgage revenue bonds" as bonds which are issued to provide funding for mortgages on owner-occupied residences. Permits a tax exclusion for interest earned on bonds which are issued to finance housing for veterans, as general revenue bonds, or for the financing of low- and moderate-income housing.
United States · United States Congress · 17 May 1979
Amends the Internal Revenue Code to exempt an air carrier who sells aircraft to another air carrier from the investment tax credit recapture rules with respect to such aircraft, unless the aircraft ceases to be used exclusively to provide air transportation. Provides that the provisions of this Act shall apply to the sale or exchange of aircraft occurring after December 31, 1977, and before January 1, 1985.
United States · United States Congress · 17 May 1979
Amends the Revenue Act of 1978 to provide that the one-time exclusion from gross income of the gain from the sale of a principal residences by an individual age 55 or over shall apply to sales and exchanges after December 31, 1977, instead of July 26, 1978.
United States · United States Congress · 16 May 1979
Amends the Internal Revenue Code to repeal the carryover basis provisions enacted by the Tax Reform Act of 1976 which provide that beneficiaries receiving property from a decedent's estate will retain the decedent's basis in the property. Restores prior law which "stepped up" or "stepped down" the property's basis to its market value at the time of death without imposing tax consequences on the appreciation or depreciation the property underwent while held by the decedent.
United States · United States Congress · 16 May 1979
Removes the limitation on the calendar years for which an amount received by a member of the uniform services as a scholarship under the Armed Forces Health Professions Scholarship Program is excluded from the member's gross income.
United States · United States Congress · 16 May 1979
Amends the Internal Revenue Code to deny a tax exclusion of the interest on State and local mortgage subsidy bonds (except those bonds issued to finance housing for veterans). Defines "mortgage subsidy bonds" as bonds which are issued to provide funding for mortgages on owner-occupied residences. Limits the issuance of industrial development bonds for housing purposes to low-or moderate-income rental housing.
United States · United States Congress · 16 May 1979
Oil Industry Tax Reform Act of 1979 - Amends the Internal Revenue Code to repeal the percentage depletion allowance for independent oil and gas producers and royalty owners. Repeals the tax treatment of intangible drilling and development costs for oil and gas wells (except nonproductive wells) as currently deductible expenses. Requires such costs to be capitalized and amortized over a 168 month period. Disallows an income tax credit for foreign taxes paid by domestic corporations on foreign oil related income. Treats such taxes as royalties for which a deduction or exclusion from foreign source income would be allowed. Requires the payment of income taxes at the corporate level on the foreign oil-related income of domestic corporations.
United States · United States Congress · 16 May 1979
Tuition Tax Relief Act - Amends the Internal Revenue Code to allow individual taxpayers an income tax credit for 35 percent of the tuition paid for the elementary, secondary, college, or post-secondary vocational education of the taxpayer, his spouse, or any of his dependents. Sets forth maximum dollar amounts allowable as a credit for calendar years 1979, 1980, 1981, and 1982. Treats tuition payments as paid for calendar year 1980 only if such payments are made on or after August 1, 1980, and before January 1, 1981. Treats tuition payments as paid for calendar year 1981 and thereafter only if such payments are made during the particular calendar year or within one month of the beginning or close of such calendar year for education furnished during that year. Excludes graduate students from eligibility for the credit. Requires full-time or qualified half-time attendance at an eligible educational institution. Excludes from the definition of "tuition" any amounts paid for books, supplies, and equipment for courses of instruction, meals, lodging, transportation, or education below the first-grade level. Forbids any construction of this Act as granting the Government additional authority to examine the books or activities of any church school except to the extent necessary to determine whether such school is an eligible educational institution. Provides that an educational institution which enrolls a student for whom a tax credit is claimed under this Act shall not be considered to be a recipient of Federal assistance. Requires the disregard of any amount received by the taxpayer as a tuition tax credit for purposes of determining the eligibility of the taxpayer for Federal or State educational assistance.
United States · United States Congress · 16 May 1979
Tuition Tax Relief Act of 1979 - Amends the Internal Revenue Code to allow a taxpayer an income tax credit or deduction for tuition paid to an elementary, secondary, vocational, or higher educational institution for the education of the taxpayer, his spouse, or dependents. Lists the amount of the credit to 50 percent of the amount of tuition paid up to a maximum of $500. Limits the amount of the deduction to $1,000 for the taxable year.
United States · United States Congress · 15 May 1979
Amends the Hazardous Materials Transportation Act to authorize appropriations for fiscal year 1980 to carry out the provisions of such Act.
United States · United States Congress · 15 May 1979
Department of Justice Appropriation Authorization Act, Fiscal Year 1980 - Authorizes appropriations for fiscal year 1980 to carry out the activities of the Department of Justice.
United States · United States Congress · 15 May 1979
Amends the Marine Protection, Research, and Sanctuaries Act of 1972 to authorize appropriations to the Department of Commerce for fiscal years 1980 and 1981 for acquisition, development, and operation of marine sanctuaries.
United States · United States Congress · 15 May 1979
Amends the Tariff Act of 1930 to authorize appropriations for the United States International Trade Commission (ITC) for fiscal year 1980. Amends the Customs Procedural Reform and Simplification Act of 1978 to authorize appropriations for the United States Customs Service. Prohibits the ITC from conducting any study concerning the impact of the Export-Import Bank's activities on U.S. industries and employment unless funds are explicitly authorized to be appropriated for such purpose.
United States · United States Congress · 15 May 1979
Amends the Endangered Species Act of 1973 to authorize appropriations for fiscal years 1980 through 1982 to carry out such Act. Extends the effective period of endangered species designations to one year. Conditions the granting of a permanent exemption of a species upon: (1) a biological assessment; and (2) the failure of the Secretary of the Interior to find that such exemption would result in the extinction of a species that was not the subject of consultation or identified in a biological assessment prior to or in conjunction with consideration of such exemption. Requires Federal agencies to consult with the Fish and Wildlife Service and the National Marine Fisheries Service not only on species which have been officially listed as threatened or endangered, but also on proposed additions to the official list. Gives an exemption applicant, where a permit or license is involved, 90 days after final agency action to apply for an exemption.
United States · United States Congress · 15 May 1979
Amends title XIV of the Public Health Service Act (Safety of Public Water Systems) to direct the Administrator of the Environmental Protection Agency (EPA) to establish demonstration projects to control drinking water contaminants in water supply systems serving 5,000 persons or less. Extends the authorization of appropriations through fiscal year 1982 for: (1) EPA activities relating to safe drinking water (other than research and technical assistance to States with respect to emergency situations affecting public water systems); (2) grants to States for public water system supervision programs; and (3) grants to States for underground water source protection programs.
United States · United States Congress · 15 May 1979
Amends the Internal Revenue Code to exclude from gross income interest earned on a savings account to the extent that the rate of inflation for the calendar year exceeds the current rate of interest on a maximum account of $4,000. Limits such tax exclusion to $100.
United States · United States Congress · 15 May 1979
Amends the Internal Revenue Code to provide that the basis limitation rules pertaining to player contracts transferred in connection with the sale of a sports franchise shall not apply to any sale after December 31, 1975, and before March 1, 1977, if, prior to December 31, 1975, the principal shareholder of the franchise purchaser was committed to purchase, and did purchase, more than 50 percent of the voting stock of the franchise seller.
United States · United States Congress · 15 May 1979
Amends the Internal Revenue Code to increase the amount of the exclusion from gross income of dividends received by individuals from $100 to $500.
United States · United States Congress · 15 May 1979
Amends the Internal Revenue Code to allow individuals who rent their principal residence an income tax deduction for a portion of the real property taxes paid or accrued by their landlord.
United States · United States Congress · 15 May 1979
Amends the Internal Revenue Code to allow individual taxpayers an income tax credit for a portion of the expenses such taxpayers pay to attend an institution of higher education. Limits the amount of such credit to 100 percent of expenses under $200, 75 percent of expenses over $200 but under $500, and 25 percent of expense over $500 but under $1,500. Reduces the amount of such credit by one percent of the amount by which the adjusted gross income of the taxpayer exceeds $25,000. Includes within the definition of "expenses of higher education" tuition and fees required for attendance at an institution of higher education, fees, books, supplies, and equipment required for coursework. Excludes expenses for meals, lodging, or similar living expenses. Defines "institution of higher education" as an educational institution which regularly offers education above the twelfth grade level and which qualifies as a charitable institution for purposes of the income tax deduction for charitable contributions, or which offers accredited business, technical, or vocational school education. Reduces the amount of expense eligible for the credit by any amounts received by the taxpayer as tax exempt scholarships, fellowships, or educational assistance for veterans.
United States · United States Congress · 15 May 1979
Amends the Internal Revenue Code to reduce by one-half the allowable income tax deduction for business meals.
United States · United States Congress · 15 May 1979
Sets forth the rule for consideration of H.R. 2295 (Coast Guard funding).
United States · United States Congress · 15 May 1979
Sets forth the rule for consideration of H.R. 2575 (Department of Defense supplemental appropriations).
United States · United States Congress · 14 May 1979
Volunteer Military Incentive Tax Act of 1979 - Amends the Internal Revenue Code to allow certain individuals who enlist in the Armed Forces of the United States a non-refundable income tax credit for a certain percentage of their taxable income. Allows a five percent credit for individuals who first enlist in the Armed Forces after May 15, 1979, serve on active duty for a continuous period of at least two years, and receive an honorable discharge. Allows a ten percent credit for individuals who serve for a continuous period of more than four years. Excludes service in a reserve component of the Armed Forces from consideration for the credit. Permits an individual who reenlists in the Armed Forces to claim a credit for enlistment if such individual's prior enlistment ended five years before the date of his or her present enlistment and such individual received an honorable discharge for each prior enlistment.
United States · United States Congress · 14 May 1979
Amends the Internal Revenue Code to confer tax-exempt status upon church associations.
United States · United States Congress · 14 May 1979
Amends the Internal Revenue Code to impose upon producers of domestic crude oil an excise tax on the windfall profits from oil removed from the premises during each taxable period. Sets the rate of such tax at 85 percent of the windfall profit on each barrel of taxable crude oil. Defines "windfall profit" as the excess of the removal price of a barrel of crude oil (amount for which barrel is sold) over the sum of the adjusted base price of such barrel (the base price, plus the base price multiplied by a cost of living adjustment for the calendar quarter in which the crude oil is removed from the premises) and the amount by which any severance tax imposed with respect to such barrel exceeds the severance tax which would have been imposed if the barrel had been extracted and sold on March 31, 1979, at the base price. Specifies base prices for three tiers or types of crude oil subject to the 1979 energy regulations. Provides that the windfall profit on any barrel of crude oil shall not exceed the net income attributable to such barrel. Requires oil producers to maintain such records with respect to oil production as the Secretary of the Treasury may require. Specifies that windfall profit tax returns must be filed not later than the last day of the second month following the close of the taxable period. Requires the purchaser of taxable crude oil to furnish to the individual responsible for the payment of the windfall profits tax a monthly statement containing information with respect to: (1) the amount of taxable crude oil purchased during such month; (2) the removal price of such oil; (3) the base price and the adjusted base price of such oil; (4) the amount of such taxpayer's liability for tax; and (5) other information which the Secretary may require. Imposes fines and criminal penalties for willful failure to provide such information. Requires each partnership, estate, and trust producing domestic crude oil for any taxable period to furnish to each partner or beneficiary a written statement showing: (1) the name of such partner or beneficiary; (2) information received by the partnership, trust, or estate from the purchaser of crude oil; and (3) each partner's or beneficiary's share from the sale of crude oil.
United States · United States Congress · 14 May 1979
Amends the Federal Civil Defense Act of 1950 to implement a new civil defense program designed to: (1) enhance the survivability of the American people and its leadership; (2) enhance deterrence and stability; (3) continue reliance on strategic nuclear forces as the preponderant factor in maintaining deterrence; and (4) plan for population relocation during times of international crisis. Requires the President to develop and execute such program. Stipulates that such program include the following elements: (1) a survey of shelter inherent in existing facilities; (2) nuclear civil protection planning for both in-place protection and population relocation during times of international crisis; (3) planning for the crisis development of additional shelters; (4) improvement of warning systems; (5) improvement of systems and capabilities for direction and control of emergency operations; (6) improvement of radiological defense capabilities; (7) improvement of emergency public information and training programs and capabilities; and (8) development of such other systems and capabilities as may be necessary to maximize lifesaving potential. Authorizes appropriations to carry out the provisions of such Act, with provision for inflation adjustments.
United States · United States Congress · 14 May 1979
Amends the Internal Revenue Code to extend tax-exempt status to veterans' organizations whose membership consists of at least 75 percent past or present members of the Armed Forces of the United States (combat or noncombat veterans), with the remaining membership consisting substantially of cadets or spouses, widows or widowers of Armed Forces personnel or cadets.
United States · United States Congress · 11 May 1979
Amends the Marine Protection, Research, and Sanctuaries Act of 1972 to authorize appropriations for fiscal year 1980 for research programs on the effects of ocean dumping.
United States · United States Congress · 11 May 1979
Amends the National Ocean Pollution Research and Development and Monitoring Planning Act of 1978 to authorize appropriations to the National Oceanic and Atmospheric Administration not to exceed $4,300,000 for fiscal year 1980.
United States · United States Congress · 10 May 1979
Food Stamp Act Amendment of 1979 - Amends the Food Stamp Act of 1977 to increase the authorized appropriations for the food stamp program for fiscal year 1979 from $6,158,900,000 to $6,808,900,000.
United States · United States Congress · 10 May 1979
Amends the Internal Revenue Code to extend the investment tax credit to tangible property used as an integral part of a retail or wholesale trade.
United States · United States Congress · 10 May 1979
Amends the Internal Revenue Code to exclude from gross income up to $2,500 of interest earned on savings accounts in a bank, savings and loan association, or credit union.