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601 records in US in 1980
United States · United States Congress · 26 March 1980
Amends the Internal Revenue Code to qualify microhydroelectric energy property for the residential energy credit.
United States · United States Congress · 26 March 1980
Amends the Hazardous Materials Transportation Act to authorize appropriations to carry out the provisions of such Act for fiscal years 1981 and 1982. Directs the Secretary of Transportation to enter into a contract with a private entity for the use of a supplemental reporting system and data center to provide specified individuals with information concerning the transportation of hazardous materials.
United States · United States Congress · 26 March 1980
Amends the Internal Revenue Code to eliminate the requirement that a taxpayer must have attained age 55 to qualify for the one-time exclusion of gain from the sale of a principal residence.
United States · United States Congress · 26 March 1980
Extends from January 1, 1977, to January 1, 1978, the income tax exclusion for subsistence allowances paid to State police officers. Extends from April 15, 1979 until one year after the date of enactment of this Act: (1) the period for electing such tax exclusion; and (2) the period for applying for any refund or credit for overpayment of taxes which was prevented by law or rule of law prior to this Act.
United States · United States Congress · 26 March 1980
Transfers appropriations from balances available for Air Force personnel to give an additional amount for Selective Service System salaries and expenses for fiscal year 1980. Stipulates that such sums shall not be available for any military draft.
United States · United States Congress · 26 March 1980
Provides for the transfer of an additional $10,000,000 for salaries and expenses for the Small Business Administration disaster loan program for fiscal year 1980.
United States · United States Congress · 26 March 1980
Sets forth the first concurrent resolution on the budget for fiscal year 1981. Recommends a level of Federal revenues in fiscal year 1981 of $613,800,000,000 with an increase in aggregate revenues of $22,300,000,000. Provides for a targeted tax reduction of $10,300,000,000 (an amount equal to estimated receipts from oil import fees). States that the appropriate level of total budget authority for fiscal year 1981 is $694,600,000,000 and that the appropriate level of total budget outlays is $611,800,000,000. Sets forth a budget surplus of $2,000,000,000. Recommends a level of public debt at $926,800,000,000 with an increase of $30,100,000,000 in the statutory limit on the public debt. States that the appropriate level of total gross obligations for the principal amount of direct loans is $60,600,000,000. Sets the appropriate level of total commitments to guarantee loan principal at $79,600,000,000. Sets forth recommended levels of new budget authority and outlays under each major functional category of the budget for fiscal year 1981. Directs the following congressional committees to effectuate specified reductions in budget authority and outlays for fiscal year 1981 contained in legislation within their jurisdiction and to report recommendations for accomplishing such reductions by June 15, 1980: (1) the House Committee on Agriculture and the Senate Committee on Agriculture, Nutrition, and Forestry; (2) the House and Senate Committees on Armed Services; (3) the House Committee on Education and Labor; (4) the House Committee on Interstate and Foreign Commerce; (5) the House Committee on Post Office and Civil Service and the Senate Committee on Governmental Affairs; (6) the House Committee on Public Works and Transportation and the Senate Committee on Environment and Public Works; (7) the House and Senate Committees on Veterans' Affairs; (8) the House Committee on Ways and Means; (9) the Senate Committee on Commerce, Science, and Transportation; (10) the Senate Committee on Finance; and (11) the Senate Committee on Labor and Human Resources. Directs the House Committee on Ways and Means and the Senate Committee on Finance to increase revenues for fiscal year 1981 by $22,200,000,000 and to report recommendations for accomplishing such an increase by June 15, 1980. Sets forth the congressional budget for fiscal years 1982 and 1983. Recommends aggregate levels of Federal revenues of $694,800,000,000 in fiscal year 1982 and $804,100,000,000 in fiscal year 1983 with an increase in Federal revenues of $300,000,000 in 1982. States that the appropriate level of new budget authority for fiscal year 1982 is $767,300,000,000 and $864,500,000,000 for fiscal year 1983. Sets the appropriate level of total budget outlays at $683,100,000,000 in fiscal year 1982 and $775,400,000,000 in fiscal year 1983. Recommends budget surpluses of $11,700,000,000 and $28,700,000,000 in fiscal years 1982 and 1983 respectively. Sets the appropriate level of the public debt at $954,200,000,000 and $970,600,000,000 in fiscal years 1982 and 1983. Sets forth the corresponding levels of new budget authority and outlays for each major functional category of the budget in fiscal years 1981 and 1982. Revises the congressional budget for fiscal year 1980 (S. Con. Res. 53) by: (1) increasing the recommended level of Federal revenues to $528,800,000,000; (2) raising the increase in the aggregate level of revenues to $4,300,000,000; (3) increasing the appropriate level of total new budget authority to $657,200,000,000; (4) increasing the appropriate level of total budget outlays to $567,000,000,000; (5) increasing the budget deficit to $38,200,000,000; (6) increasing the level of the public debt to $896,700,000,000; (7) raising the statutory limit on the public debt to $17,700,000,000; and (8) revising the corresponding levels of new budget authority and outlays for each major functional category of the budget. Urges the President to review the current inflation measure for indexing Federal programs and to submit recommendations to the Congress on the most appropriate cost-of-living measure.
United States · United States Congress · 25 March 1980
Amends the Internal Revenue Code to allow a credit against income tax for one-third of the amount of local earned income taxes paid by individuals who are not residents of the local governmental area. Disallows any deduction for such taxes by any person who takes advantage of such credit.
United States · United States Congress · 25 March 1980
Amends the Controlled Substances Act to extend the authorization of appropriations through fiscal year 1983 for the expenses of the Department of Justice in carrying out its functions under such Act. Directs the Attorney General to make available to the appropriate State agencies descriptive and analytic reports on the actual distribution patterns in such States of the controlled substance determined to have the highest rate of abuse. Amends the Psychotropic Substances Act of 1978 to establish criminal penalties for violations involving in excess of 1,000 pounds of marihuana. Increases the penalties for recidivists of such violations. Prohibits the suspension of sentence or the granting of probation upon conviction for such violations.
United States · United States Congress · 25 March 1980
Amends the Internal Revenue Code to declare that the manufacturers excise tax on tires, tubes, and tread rubber shall be due and payable 90 days after the last day of the month in which the manufacturer, producer, or importer of articles subject to such tax sells them.
United States · United States Congress · 25 March 1980
Amends the Internal Revenue Code to exclude from the gross income of an individual who has attained age 65 before the close of the taxable year any amount received as a pension or annuity under a public retirement system. Limits such exclusion to the excess of: (1) the maximum individual social security benefit which could be paid to such individual; or (2) the amounts actually received by such individual during the taxable year under title II (Old Age, Survivors, and Disability Insurance) of the Social Security Act.
United States · United States Congress · 25 March 1980
Amends the Internal Revenue Code to exclude from gross income interest or dividends earned on savings deposits which are used by the deposit institution for residential mortgage lending purposes.
United States · United States Congress · 25 March 1980
Amends the Internal Revenue Code to allow a credit against an individual's income tax in an amount (not to exceed $200, or $100 in the case of a married individual filing separately) equal to such taxpayer's qualified fuel oil contribution for the taxable year. Defines such fuel oil contribution as the fair market value of fuel oil: (1) the taxpayer has purchased but cannot use by reason of having converted the heating system for his residence to an energy source other than fuel oil; and (2) the taxpayer has consequently contributed to a tax-exempt charitable organization. Denies a charitable contribution deduction to any taxpayer who takes advantage of such credit.
United States · United States Congress · 25 March 1980
Alcohol Farm Fuel Use Tax Act of 1980 - Amends the Internal Revenue Code to allow, in the case of a taxpayer engaged in the trade or business of farming, a credit against income tax in an amount equal to the annual expenditures (not to exceed $2,000) for conversion of qualified farm equipment to the fuel use of either: (1) pure alcohol; or (2) a mixture not less than 20 percent of which is alcohol. Requires that such equipment use an internal combustion engine for power and that it be used on a farm in the United States. States that the increase in the basis of such farm equipment which would otherwise result from such an expenditure shall be reduced by the amount of credit so allowed.
United States · United States Congress · 25 March 1980
Designates May 11, 1980, as "Taxpayers Independence Day."
United States · United States Congress · 25 March 1980
Sets forth the rule for the consideration of H.J.Res. 514 (Additional funds for fiscal year 1980, for the Federal Trade Commission).
United States · United States Congress · 24 March 1980
Amends the Internal Revenue Code to limit the advertising expense deduction from gross income for oil companies to amounts paid or incurred for advertisements whose purpose is solely the sale of products or services. States that this Act shall not be construed as affecting the allowance as a deduction of expenditures relating to appearances, et cetera, with respect to legislation.
United States · United States Congress · 21 March 1980
Amends the Securities Exchange Act of 1934 to authorize appropriations for the Securities and Exchange Commission for fiscal years 1981 through 1983.
United States · United States Congress · 21 March 1980
Amends the Internal Revenue Code to impose an excise tax on imported crude oil (and oil products) sold in the United States. Sets the rate of such tax at $10 per barrel. Authorizes the President to increase such rate up to $30 per barrel whenever he deems it necessary to do so in order to promote sufficient domestic energy production and conservation to enable the United States to end the importation of crude oil by January 1, 1990. Sets forth a formula for the application of such tax to refined products. Requires such tax to be paid by the importer, and requires all persons subject to such tax to register with the Secretary of the Treasury. Amends the Social Security Act to require appropriation to the Federal Old-Age and Survivors Insurance Trust Fund of annual amounts equivalent to the tax imposed by this Act and any fee imposed by the President under the Trade Expansion Act of 1962 to adjust imports of petroleum or petroleum products. Directs the Secretary to reduce from time to time the rates of social security tax relating to old-age, survivors, and disability insurance to the extent necessary to reduce the net revenue attributable to the tax imposed by this Act, or any fee imposed by the President under the Trade Expansion Act. Authorizes the appropriation of $2,000,000,000 annually to fund any Federal program of financial assistance (including loans and loan guarantees) to lower income individuals and families adversely affected by increased energy costs.
United States · United States Congress · 20 March 1980
National Science Foundation Authorization Act for Fiscal Years 1981 and 1982 - Authorizes appropriations for the National Science Foundation for fiscal years 1981 and 1982. Makes funds authorized for 1981 available for: (1) mathematical and physical sciences; (2) astronomical, atmospheric, earth and ocean sciences; (3) United States Antarctic Program; (4) biological, behavioral, and social sciences; (5) Ocean Drilling Programs; (6) Science Education Programs; (7) applied science and research applications; (8) scientific, technological, and international affairs; (9) Cross-Directorate Program; and (10) program development and management. Requires that not less than a specified amount be made available for programs designed to improve the participation of women in science for fiscal year 1981. Authorizes appropriations out of the sums already authorized for fiscal year 1981 for programs in education in appropriate technology, ethics and values in science and technology, and minorities, women and the handicapped in science. Requires that not less than ten percent of the funds for equipment and instrumentation in fiscal year 1981 be made available for grants to two-and four-year colleges for equipment and instrumentation costing less than a specified amount. Limits the amount in both fiscal years which may be used for official consultation or representation at the discretion of the Director of the National Science Foundation and for the expenses of the National Science Foundation incurred outside the United States. Permits the transfer of funds from one category to another as specified.
United States · United States Congress · 19 March 1980
Title I: Department of State - Amends the Department of State Authorization Act, Fiscal Years 1980 and 1981, to increase the authorization of appropriations to the State Department for fiscal year 1981 for the administration of foreign affairs, international organizations and conferences, and migration and refugee assistance. Repeals the ceilings on the aggregate amount spent on the administration of foreign affairs, international organizations and conferences, and international commissions. Amends the Taiwan Relations Act to authorize necessary appropriations for fiscal year 1981 to carry out such Act. Earmarks a specified portion of the fiscal year 1981 authorization for the State Department's administration of foreign affairs to carry out such Act. Authorizes the necessary appropriations to the State Department for: (1) any fiscal year for U.S. assessed contributions to international organizations; and (2) fiscal year 1982. Removes the ceiling on authorized funds for the U.S. share of expenses of the Pan American Institute of Geography and History. Prohibits the U.S. payment of its share of the annual expenses of the Hague Conference on Private International Law and of the International (Rome) Institute for the Unification of Private Law from exceeding ten percent of the total expenses after 1978 (currently seven percent). Authorizes appropriations to the State Department for transfer to the appropriations available for the Department's overseas operations to cover fluctuations in foreign currency exchange rates or overseas wage and price changes. Permits appropriation Acts to authorize the Secretary of State to transfer excess funds in other accounts to the Buying power maintenance account. Title II: International Communication Agency - Authorizes necessary appropriations to the International Communication Agency for fiscal year 1982. Title III: Board for International Broadcasting - Amends the Board for International Broadcasting Act of 1973 to increase the authorization of appropriations for fiscal year 1981 for the Board for International Broadcasting. Earmarks a specified portion of such authorization for the purpose of transferring Radio Free Europe and Radio Liberty positions to the United States. Authorizes necessary appropriations to the Board for fiscal year 1982.
United States · United States Congress · 19 March 1980
Installment Sales Revision Act of 1980 - Amends the Internal Revenue Code to revise the rules for reporting gain on the sale of real and personal property under the installment sales method. Eliminates the requirement that the seller, under an installment sales agreement, receive no more than 30 percent of the selling price in the taxable year of the sale. Eliminates the $1,000 minimum sales price requirement with respect to the casual sale of personalty under an installment sales agreement. Defines "installment sale" as a disposition of property in which at least one payment is made after the taxable year in which the disposition occurs (presently, Internal Revenue Service regulations require two or more subsequent payments). Excludes from installment sales treatment dispositions of personal property by individuals who regularly deal in such property and dispositions of inventories of personal property. Provides that all sales of real and personal property which qualify under the terms of this Act as installment sales shall be automatically treated as such, unless the taxpayer elects out of such treatment. Accelerates the recognition of gain from the installment sale of property (other than marketable securities) by a taxpayer to a related individual (spouse, children, grandchildren, and parents, but not brothers and sisters) if the related individual disposes of the property to a third party before the taxpayer receives all payments with respect to such disposition. Specifies that such acceleration shall occur only if the date of the disposition to the third party is not more than two years after the date of the original disposition. Limits the amount of gain which the taxpayer must recognize from the disposition of the property by a related individual to a third party to the excess of the amount realized by the second sale over the actual payments made under the original installment sale. Exempts from the operation of the related party disposition rule the following transactions: (1) reacquisitions of stock by issuing corporations; (2) involuntary conversions if the original installment sale occurred before the threat of condemnation; (3) dispositions after the death of the taxpayer or the related party; and (4) dispositions which do not evidence tax avoidance as a principal purpose. Excludes the receipt of like-kind property in determining gain recognized for installment sale reporting purposes (reverses the Internal Revenue Service regulation which holds that the receipt of like-kind property results in the recognition of installment gain even though the taxpayer receives no cash in the transaction). Provides for the nonrecognition of gain from the receipt by a shareholder of installment obligations as liquidating obligations from a corporation which adopts a 12 month plan of liquidation as provided for under specified provisions of the Internal Revenue Code. Treats the cancellation of an installment obligation as a disposition of such obligation, thus requiring the immediate recognition of gain realized from the installment sale. Requires the market value of a cancelled obligation to be stated at not less than its face amount if the obligor and obligee are related individuals. Treats as a reacquisition by the seller, with no recognition of gain or loss, the acquisition of real property by a taxpayer holding an installment obligation acquired from a decedent, which is indebtedness to such seller. Increases the basis of real property so acquired by the amount of the estate tax deduction allowed for income received in respect of a decedent which would otherwise have been allowable to the taxpayer with respect to the gain on the exchange of the obligation for the real property.
United States · United States Congress · 19 March 1980
Amends the Disaster Relief Act of 1974 to authorize appropriations to carry out such Act through fiscal year 1983.
United States · United States Congress · 19 March 1980
Installment Sales Revision Act of 1980 - Amends the Internal Revenue Code to revise the rules for reporting gain on the sale of real and personal property under the installment sales method. Eliminates the requirement that the seller, under an installment sales agreement, receive no more than 30 percent of the selling price in the taxable year of the sale. Eliminates the $1,000 minimum sales price requirement with respect to the casual sale of personal property under an installment sales agreement. Defines "installment sale" as a disposition of property in which at least one payment is made after the taxable year in which the disposition occurs (presently, Internal Revenue Service regulations require two or more subsequent payments). Excludes from installment sales treatment dispositions of personal property by individuals who regularly deal in such property and dispositions of inventories of personal property. Provides that all sales of real and personal property which qualify under the terms of this Act as installment sales shall be automatically treated as such, unless the taxpayer elects out of such treatment. Accelerates the recognition of gain from the installment sale of property (other than marketable securities) by a taxpayer to a related individual (spouse, children, grandchildren, and parents, but not brothers and sisters) if the related individual disposes of the property to a third party before the taxpayer receives all payments with respect to such disposition. Specifies that such acceleration shall occur only if the date of the disposition to the third party is not more than two years after the date of the original disposition. Limits the amount of gain which the taxpayer must recognize from the disposition of the property by a related individual to a third party to the excess of the amount realized by the second sale over the actual payments made under the original installment sale. Exempts from the operation of the related party disposition rule the following transactions: (1) reacquisitions of stock by issuing corporations; (2) involuntary conversions if the original installment sale occurred before the threat of condemnation; (3) dispositions after the death of the taxpayer or the related party; and (4) dispositions which do not evidence tax avoidance as a principal purpose. Excludes the receipt of like- kind property in determining gain recognized for installment sale reporting purposes (reverses the Internal Revenue Service regulation which holds that the receipt of like-kind property results in the recognition of installment gain even though the taxpayer receives no cash in the transaction). Provides for the nonrecognition of gain from the receipt by a shareholder of installment obligations as liquidating obligations from a corporation which adopts a 12-month plan of liquidation as provided for under specified provisions of the Internal Revenue Code. Treats the cancellation of an installment obligation as a disposition of such obligation, thus requiring the immediate recognition of gain realized from the installment sale. Requires the market value of a cancelled obligation to be stated at not less than its face amount if the obligor and obligee are related individuals. Treats as a reacquisition by the seller, with no recognition of gain or loss, the acquisition of real property by a taxpayer holding an installment obligation acquired from a decedent, which is indebtedness to such seller. Increases the basis of real property so acquired by the amount of the estate tax deduction allowed for income received in respect of a decedent which would otherwise have been allowable to the taxpayer with respect to the gains on the exchange of the obligation for the real property.
United States · United States Congress · 19 March 1980
Commuter Taxpayer Assistance Act of 1980 - Amends the Internal Revenue Code to exclude from an employee's gross income the value of a public transit pass distributed, under a written plan of the employer which does not discriminate in favor of employees who are officers, shareholders, or highly compensated employees, by such employer to such employee and used by such employee for commuting between his residence and place of employment. Requires the taxpayer to demonstrate that at least 80 percent of his commutes are with use of such passes provided by his employer. Declares such passes to be nontransferable. Allows a credit against the income tax of an employer of an amount equal to five percent of the cost of such passes. Requires substantiation of such costs with a receipt from the local transit authority. Requires the pass plan to be nondiscriminatory and in writing.
United States · United States Congress · 19 March 1980
Amends the Internal Revenue Code to impose upon homeowners associations the same income tax rates as are presently applicable to corporations.
United States · United States Congress · 19 March 1980
Amends the Internal Revenue Code to provide that taxpayers who incur expenses for the care of a dependent child who is mentally or physically handicapped shall be eligible for the child care expenses credit whether or not the taxpayer incurred such expenses to enable the taxpayer to seek gainful employment or such expenses were incurred outside his household. Increases the amount of expenses which may be considered in determining the amount of the credit. Provides that the earned income limitation shall not apply to taxpayers who provide care for handicapped children. Grants tax-exempt status to a trust established for the care of a physically or mentally handicapped child of the taxpayer. Allows an income tax deduction for contributions to a child care trust. Limits the amount of such deduction to the lesser of 15 percent of the taxpayer's compensation includable in gross income for the taxable year, or $1,500. Provides that distributions from such a trust shall not be taken into consideration in determining the eligibility of such child for Federal or State assistance.
United States · United States Congress · 19 March 1980
Amends the Internal Revenue Code to repeal the disability and income requirements for the sick pay exclusion enacted by the Tax Reform Act of 1976. Provides an exclusion from gross income for sick pay not in excess of $100 per week.
United States · United States Congress · 19 March 1980
Transfers for the "Federal Trade Commission, Salaries and Expenses" a specified amount from funds previously appropriated for fiscal year 1980 for the "International Communications Agency, Salaries and Expenses." Makes such authority available until April 30, 1980. Prohibits the FTC from using such funds to promulgate new trade regulations or for new activities. Prevents trade regulation rules promulgated after August 30, 1979, from becoming effective during the period covered by this resolution unless Congress enacts authorizing legislation.
United States · United States Congress · 18 March 1980
Maritime Appropriation Authorization Act for Fiscal Years 1981 and 1982 - Authorizes appropriations for fiscal years 1981 and 1982 for use by the Department of Commerce for: (1) the acquisition, construction, or reconstruction of vessels, the construction-differential subsidy, and the cost of national defense features incident to the construction, reconstruction or reconditioning of ships; (2) the payment of obligations incurred for the operating-differential subsidy; (3) research and development activities; (4) maritime education and training expenses; and (5) operating expenses including reserve fleet expenses. Authorizes additional appropriations for increases in salary, pay, retirement, or other employee benefits authorized by law, and for increased costs for public utilities, food service, and other expenses of the Merchant Marine Academy at Kings Point, New York.
United States · United States Congress · 18 March 1980
Amends the Endangered Species Act of 1973 to extend the authorization of appropriations for State cooperative programs through fiscal year 1982.
United States · United States Congress · 18 March 1980
Department of Justice Appropriation Authorization Act, Fiscal Year 1981 - Authorizes appropriations in specified amounts for fiscal year 1981 to carry out the following activities of the Department of Justice: (1) general administration; (2) United States Parole Commission; (3) general legal activities; (4) United States attorneys, Marshals, and Trustees; (5) support of United States prisoners in non-Federal institutions; (6) fees and expenses of witnesses; (7) Community Relations Service; (8) Federal Bureau of Investigation (FBI); (9) Immigration and Naturalization Service (INS); (10) Drug Enforcement Administration (DEA); and (11) Federal Prison System. Directs the FBI to classify the offense of arson as a part I crime in its Uniform Crime Reports. Permits authorizations under this Act to be used for certain educational expenses for dependents of Department personnel stationed abroad under specified circumstances. Authorizes necessary appropriations for fiscal year 1981 for salary increases, employee benefits, and other nondiscretionary costs. Specifies the activities for which authorizations to the FBI may be used with respect to undercover investigative operations. Directs the FBI to conduct detailed financial audits of undercover operations closed on or after October 1, 1980, and to report the results to the Department and, on an annual basis, to Congress. Amends the Controlled Substances Act to extend through fiscal year 1981 the authorization of appropriations for the expenses of the Department in carrying out its functions under such Act. Amends the Department of Justice Appropriation Authorization Act, Fiscal Year 1980 to increase the amounts authorized for the United States attorneys, Marshals, and Trustees, and the Immigration and Naturalization Service.
United States · United States Congress · 18 March 1980
Amends the Internal Revenue Code to exempt from the excise tax on the sale of motor vehicles certain wind deflectors designed: (1) to be permanently mounted on the front of a truck cargo container; and (2) to increase the fuel efficiency of the truck by deflecting air away from such cargo container. Requires such deflectors to meet any performance and quality standards prescribed by the Secretary of the Treasury.
United States · United States Congress · 18 March 1980
Expresses the sense of the House of Representatives that: (1) the President should declare a state of economic emergency and submit a plan to the Congress for attacking inflation; (2) the Committee on the Judiciary of the House of Representatives should report a resolution proposing a constitutional amendment to balance the budget and/or limit Federal expenditures; and (3) the President should amend the proposed fiscal year 1981 budget to limit spending to anticipated receipts.
United States · United States Congress · 17 March 1980
Amends the Internal Revenue Code to make the United States liable for civil damages for the unauthorized disclosure of tax return and nonreturn information made within the scope of office or employment of a Federal official or employee against whom damages are awarded. Declares that any such disclosure made corruptly, maliciously, in return for anything of value, or willfully in violation of the confidentiality provisions of the Code shall not be considered within the scope of such office or employment.
United States · United States Congress · 17 March 1980
Provides that the taxable year of inclusion in gross income of any amount covered by a nonqualified deferred compensation plan maintained by a tax-exempt organization shall be determined in accordance with principles applicable to deferred compensation plans maintained by other private organizations.
United States · United States Congress · 17 March 1980
Amends the Internal Revenue Code to prohibit the unauthorized disclosure of nonreturn information as well as of tax returns. Establishes an affirmative defense to a prosecution for unauthorized disclosure of a return or nonreturn information if such disclosure resulted from a good faith, but erroneous, interpretation of the confidentiality provisions of the Code while a Federal employee was acting within the scope of his employment or duties.
United States · United States Congress · 17 March 1980
Amends the Securities Exchange Act of 1934 to authorize appropriations for the Securities and Exchange Commission for fiscal years 1981 through 1983.
United States · United States Congress · 17 March 1980
Amends the Internal Revenue Code to extend from June 15, 1981, to July 1, 1986, the termination date for certain provisions of the Tax Reform Act of 1976 relating to the allowance of a deduction for the amortization of certain rehabilitation expenditures for certified historic structures.
United States · United States Congress · 17 March 1980
Amends the Internal Revenue Code to allow disclosure of tax returns, for purposes not related to tax administration, to an attorney for the Government for use during or in preparation for any administrative, judicial, or grand jury proceeding, or in a criminal investigation which may result in such a proceeding (currently, disclosure is allowed only if reasonable cause exists to believe that a specific criminal act has been committed). Authorizes such disclosure only by ex parte order of a United States district court. Requires the application for such an order to state the reasons why the disclosure of the information on the return is material and relevant to the proceeding or investigation. Permits further disclosure of any return by the Government Attorney to such other Government personnel as he deems necessary to assist him during or in preparation for any such proceeding or investigation. Requires the Secretary of the Treasury or his designee to disclose any nonreturn information in his possession within ten days of the receipt of a written request by a Government attorney. Requires such request to be in connection with an administrative, judicial, or grand jury proceeding, or an investigation which may result in such a proceeding, pertaining to the enforcement of a specifically designated Federal criminal statute which the United States or any Federal investigative agency thereof is authorized to pursue. Permits further disclosure of such information so disclosed by a Government attorney to such Government personnel as he deems necessary to assist him. Requires the Secretary to make taxpayer identity information available to such Government attorney upon written request. Directs the Secretary to disclose, as soon as practicable, to a Government attorney, any information except returns which may constitute evidence of a violation of any Federal criminal law or which may be pertinent to any investigation of a violation of Federal statutes, to the degree necessary to permit such Government attorney to request nonreturn information. Directs the Secretary, under exigent circumstances including a possible threat to persons, property, or national security, to disclose such information, including returns, to the extent necessary to apprise the appropriate Federal investigative agency charged with the responsibility for enforcing such laws. Permits the Internal Revenue Service to assist the Department of Justice or any other Federal investigative agency in joint tax and nontax investigation of criminal matters which may lead to income tax violations. Provides a procedure by which the Secretary may apply to a Federal district court to prevent disclosure of tax returns or nonreturn information which would identify a confidential informant or seriously impair a civil or criminal tax investigation. Allows a Government attorney to whom tax return or nonreturn information has been disclosed pursuant to the provisions of this Act to apply to a district court for an ex parte order to disclose to an appropriate State official, whose duty it is to investigate or prosecute the crime involved, such information in his possession constituting evidence of the violation of a State felony statute. Authorizes such Government attorney to make similar application for an order to further disclose information in his possession if, in his opinion, such information is evidence material to any Federal civil litigation involving a Federal civil claim.
United States · United States Congress · 17 March 1980
Amends the Internal Revenue Code to allow married individuals filing jointly an income tax deduction from gross income equal to ten percent of the earned income of the lower income spouse (or of one spouse if both incomes are the same). Limits the amount of such deduction to $2,000 for the taxable year. Denies such deduction if one spouse has earned income amounting to less than 20 percent of the combined income of both spouses.
United States · United States Congress · 17 March 1980
Directs the printing, for the use of the House Committee on the Budget, of 1,000 additional copies of the House Report entitled, "First Concurrent Resolution on the Budget-Fiscal Year 1981."
United States · United States Congress · 13 March 1980
Amends the Internal Revenue Code to exclude from gross income unemployment compensation payments (otherwise includible under the Revenue Act of 1978) which were made in 1979 after legal challenges to a 1973 work stoppage failed.
United States · United States Congress · 13 March 1980
Amends the Internal Revenue Code to allow the residential energy credit for energy conservation expenditures with respect to residences substantially completed after April 19, 1977, if such expenditures are for energy conservation items which are not required by Federal, State, or local housing standards.
United States · United States Congress · 13 March 1980
Amends the Internal Revenue Code with respect to the treatment of public utility property to prohibit any taxpaying utility from using the normalization method of accounting if, for rate-making purposes or for reflecting operating results in its regulated books of account, it employs any adjustment that is inconsistent with the existing requirements for users of such accounting method. States that an adjustment shall be considered inconsistent with such requirements: (1) if such adjustment is based on estimates or projections of the taxpayer's regulated tax expense, regulated depreciation expense, rate base used for ratemaking purposes, or its tax deferral reserve, that are not consistent with observed relationships among such items; or (2) if such adjustment otherwise is based on estimates or projections that do not employ consistent assumptions or bases for projection. Authorizes the Secretary of the Treasury to adopt rules defining other adjustments that are not consistent with such requirements. Revises the formula for determination of the allowability of an investment tax credit on certain depreciable public utility property. Declares that, in determining ratable restorations to base and ratable portions, the taxpayer's rate base, cost of service, or investment tax credit is subject to any adjustment that results, directly or indirectly, in the rate base's being restored less rapidly than ratably, or in the cost of service for ratemaking purposes being reduced by more than a ratable portion of such tax credit. States that an adjustment shall be considered inconsistent with this new requirement: (1) if such adjustment is based on estimates or projections of the amount by which the rate base is to be reduced, or of the amount of a ratable portion of which may be flowed through, that are not consistent with observed relationships between such amounts and the taxpayer's investment in certain depreciable property for which a credit may be taken; or (2) if such adjustment otherwise is based on estimates or projections that do not employ consistent assumptions or bases for projection. Authorizes the Secretary to adopt rules defining other adjustments that are not consistent with such requirements.
United States · United States Congress · 13 March 1980
Amends the Internal Revenue Code to allow individual taxpayers earning less than $30,000 per year ($50,000 for joint return, $25,000 for married filing separately) an income tax credit equal to the percentage increase in the Consumer Price Index in excess of ten percent, multiplied by the amount of tax imposed with respect to the taxpayer.
United States · United States Congress · 12 March 1980
Empowers the President, notwithstanding the Congressional Budget and Impoundment Control Act of 1974, to withhold budget authority from obligation or expenditure in order to balance the budget in fiscal years 1980 and 1981.
United States · United States Congress · 12 March 1980
Amends the Internal Revenue Code to provide for the application of the investment tax credit to property purchased by a person who is engaged in the trade or business of renting or leasing furniture.
United States · United States Congress · 12 March 1980
Amends the Internal Revenue Code to increase from $20,000 to $60,000 annually the earned income exclusion for United States citizens working abroad who are bona fide residents of a foreign country. Reduces from 17 to 11 months the residency requirement for such exclusion. Waives such requirement if the Secretary of the Treasury determines that such citizens who would otherwise qualify for the exclusion were forced to leave a foreign country before they had resided 11 consecutive months because of civil unrest, war, or other adverse conditions precluding the normal conduct of business. Reduces from 17 to 11 months the foreign residency requirement with respect to the deduction for certain housing expenses of living abroad. Revises the formula for determining the base housing amount with regard to such deduction to make it 16 percent of the salary of a GS-14, step 1. Repeals similar deductions for cost-of-living differential, schooling expenses, home leave travel expenses, and residence in a hardship area.
United States · United States Congress · 12 March 1980
Amends the State and Local Fiscal Assistance Act of 1972 to extend the authorization of appropriations for general revenue sharing through fiscal year 1984.