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651 records in US in 1973
United States · United States Congress · 1 February 1973
Provides that no State shall receive a lesser allocation of water pollution control funds in fiscal years 1973 or 1974 than it received in fiscal year 1972.
United States · United States Congress · 1 February 1973
Provides that no State, or political subdivision thereof, or the District of Columbia, shall have the power to impose, for any taxable year ending after the date of enactment of this Act, any tax on the income of an individual who is not a resident of such State or the District of Columbia.
United States · United States Congress · 1 February 1973
Exempts from the income tax under the Internal Revenue Code a portion of the income of individuals not employed by the Federal Government who live in a State in which Federal employees receive an allowance based on living costs and conditions of environment. (Amends 26 U.S.C. 124)
United States · United States Congress · 1 February 1973
Permits a tax deduction, under the Internal Revenue Code of 1954 from gross income based upon the cost of living in the taxpayer's State, provided such taxpayer is not a federal employee. Allows as a tax deduction a percentage of the total amount of the personal exemptions to which the taxpayer is entitled equal to the percentage by which the cost of living in the State in which he resides exceeds the average cost of living in the United States for that year, as determined by the Secretary of the Treasury or his delegate. (Amends 26 U.S.C. 218)
United States · United States Congress · 1 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 tax deductions to $1,000. (Adds 26 U.S.C. 219)
United States · United States Congress · 1 February 1973
Fiscal Responsibility Act - Provides that after the submission of the Budget of the United States Government and upon recommendation of the President for each fiscal year (beginning with the fiscal year ending June 30, 1974), the Congress shall, by law, prescribe a limit on: (1) the total amount of expenditures and net lending to be made by the United States Government during such fiscal year; and (2) the total amount of new obligational authority and loan authority to be made available for such fiscal year. Requires the President to reserve from expenditure and net lending during each fiscal year and from appropriations or other obligational authority otherwise made available, such amounts as may be necessary to keep expenditures and net lending during the fiscal year within the limit on the total amount prescribed for the fiscal year pursuant to this Act. Requires the President to reserve from the new obligational and loan authority for each fiscal year such amounts as may be necessary to keep the new obligational authority and loan authority for the fiscal year within the limit on the total amount prescribed for the fiscal year pursuant to this Act. States that, except in emergency Presidential requests for appropriations, it shall not be in order, in either the House of Representatives or the Senate, to consider any bill or joint resolution making appropriations for any fiscal year (beginning with the fiscal year ending June 30, 1974) prior to the date of the enactment of a law prescribing a limit on the total amount of expenditures and net lending to be made by the United States Government during such fiscal year and a limit on the total amount of new obligational and loan authority to be made available for such fiscal year.
United States · United States Congress · 1 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 · 1 February 1973
Creates a select joint committee in the House of Representatives to conduct an investigation and study into methods of significantly simplifying Federal income tax return forms.
United States · United States Congress · 31 January 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 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 wage paid on or after January 1, 1974,
United States · United States Congress · 31 January 1973
Provides for a reduced rate of tax for gasoline which contains 10 percent grain alcohol and no lead of one cent per gallon. (Amends 26 U.S.C. 4081)
United States · United States Congress · 31 January 1973
Allows a tax deduction, under the Internal Revenue Code of 1954, to tenants of houses or apartments for their proportionate share of the taxes and interest paid by their landlords. (Amends 26 U.S.C. 218)
United States · United States Congress · 31 January 1973
Excludes the first $3,000 of an individual's civil service retirement annuity (or other Federal retirement annuity or pension) from the income tax under the Internal Revenue Code. (Amends 26 U.S.C. 124)
United States · United States Congress · 31 January 1973
Provides that the fiscal year of the United States shall coincide with the calendar year, and makes provisions for the orderly transition by all Federal Government and District of Columbia agencies to the use of the new fiscal year.
United States · United States Congress · 31 January 1973
Exempts the following items from the income tax of a nonresident alien author, under the Internal Revenue Code: gains and net earnings derived from the sale, or other disposition, or the transfer of any interest in, or the licensing of the use of, a literary, artistic, or musical composition by an individual whose personal efforts created such property and who is a citizen of a developing country. Provides that this exemption shall apply to taxable years between December 31, 1972, and December 31, 1977, but shall be extended if during this period any developing country shall grant an equivalent exemption from its taxes for authors, artists, and composers who are citizens of the United States. (Adds 26 U.S.C. 897)
United States · United States Congress · 31 January 1973
Provides that the fiscal year of the United States shall coincide with the calendar year, and makes provisions for the orderly transition by all Federal Government and District of Columbia agencies to the use of the new fiscal year.
United States · United States Congress · 31 January 1973
Provides, under the Internal Revenue Code, that an educational organization shall be treated as an organization organized and operated exclusively for charitable purposes if: (1) such organization is organized and operated solely to perform, on a centralized basis, one or more of the following services which, if performed on its own behalf by a tax exempt organization would constitute activities in exercising or performing the purpose or function constituting the basis for its exemption: computer service, purchasing, waterhousing, billing and collection, food, industrial engineering, library, investment, research, laboratory, printing, communications, record center, instructional services, solicitation of financial support, academic personnel, and student services; and (2) such organization is not operated for profit, and amounts payable by such educational institutions for services performed for them are determined on the basis of the amount of services so performed and are intended in each case not to exceed the allocable cost of such services and are not in fact in any case significantly in excess thereof. (Amends 26 U.S.C. 501)
United States · United States Congress · 31 January 1973
Provides that the fiscal year of the United States shall coincide with the calendar year, and makes provisions for the orderly transition by all Federal Government and District of Columbia agencies to the use of the new fiscal year.
United States · United States Congress · 31 January 1973
Provides that the fiscal year of the United States shall coincide with the calendar year, and makes provisions for the orderly transition by all Federal Government and District of Columbia agencies to the use of the new fiscal year.
United States · United States Congress · 31 January 1973
Allows the deduction, under the Internal Revenue Code, not in excess of $600, for amounts paid to support a parent of the taxpayer who is totally disabled, blind, or 65 or more years of age. (Amends 26 U.S.C. 218)
United States · United States Congress · 31 January 1973
Provides a full exemption (through credit or refund), under the Internal Revenue Code, from the employees' tax under the Federal Insurance Contributions Act, and an equivalent reduction in the self-employment tax, in the case of individuals who have attained age 65.
United States · United States Congress · 31 January 1973
Allows a tax credit under the Internal Revenue Code to an individual for tuition paid by him to any private nonprofit elementary or secondary school during the taxable year for the elementary or secondary education of any dependent. Provides that the amount allowable for the taxable year with respect to any dependent shall not exceed the lesser of: (1) 50 percent of the tuition paid by the taxpayer during the taxable year for the elementary or secondary education of such dependent, or (2) $400. Reduces the aggregate amount which would be allowable by an amount equal to $1 for each full $20 contained in the amount by which the adjusted gross income of the taxpayer (or, if the taxpayer is married, the adjusted gross income of the taxpayer and his spouse) for the taxable year exceeds $25,000.
United States · United States Congress · 31 January 1973
Pollution Control Incentive Act - Allows a tax credit equal to 20 percent of all costs incurred by the taxpayer for facilities or equipment to control air or water pollution if those facilities are approved by the appropriate State agency, which must issue a statement to the effect that the facilities are in conformity with the State program and Federal regulations for control of pollution. Defines facilities or equipment to control water or air pollution to include land, buildings, machinery, equipment or any combination thereof and provides that such facilities must not be for a profitmaking purpose, but must be used strictly in the taxpayer's business or enterprise for the control of water pollution by removing, altering or disposing of wastes. Specifies that the facilities must be available for service by the taxpayer after December 31, 1970. Limits such tax credit to an amount which will not exceed the taxpayer's tax liability which remains after other tax credits have been deducted. Allows for a carryback and carryover of unused tax credits from one year to other tax years. Allows the taxpayer to elect, in lieu of a depreciation deduction: (1) to treat expenditures for water or air pollution control facilities as a tax deduction or (2) to amortize the cost of such pollution control facilities over a period of one to five years.
United States · United States Congress · 31 January 1973
Allows an itemized tax deduction under the Internal Revenue Code for individuals who perform voluntary public service by working for specified organizations. Limits such deduction to $2000 in any one taxable year ($4000 in the case of the filing of a joint return).
United States · United States Congress · 31 January 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 · 31 January 1973
Tax Equalization Act - Provides that no deduction or any other allowance which has the effect of reducing gross income shall be permitted to cooperative corporations for amounts paid or accrued as "patronage dividends" by such corporations. Defines cooperative corporation as one that represents to persons dealing with it that their patronage will entitle them to patronage dividend or an equity interest in the corporation assets or that is otherwise operated for the mutual benefit of persons that deal with it. Defines patronage dividends as allocations paid to members on some basis related to their transactions with the cooperative corporation if the allocation is based on profit margins, income from the resale of the producers products, or dividends declared. Allows the tax exclusion for patronage dividends with respect to farmer's cooperative associations.
United States · United States Congress · 31 January 1973
State Tax, Education and Welfare Act - Permits taxpayers in qualified States to claim a credit against Federal income tax for 40 percent of the net cost of State income taxes and State general sales taxes not to exceed such tax reduced by the credits allowable under the provisions relating to tax withheld on tax-free covenant bonds, to the foreign tax credit, and to partially tax exempt interest. Provides for: (1) an increase of State control of tax resources; (2) State responsibility for major educationl and welfare programs; and (3) the authorization of the use of Federal income tax credits to accomplish these objectives.
United States · United States Congress · 31 January 1973
Requires a non-profit organization to have elected before April 1, 1972, to make payments (in lieu of contributions) into the State unemployment fund in order to qualify for an exemption from such payments for a specified period after such election. (Amends 26 U.S.C. 3303(f))
United States · United States Congress · 31 January 1973
Makes the rules governing carryback and carryover of unused credits for investment in specified depreciable property under the Internal Revenue Code, applicable to tax years beginning after August 31, 1970. (Amends 26 U.S.C. 46(b))
United States · United States Congress · 30 January 1973
Allows an income tax credit under the Internal Revenue Code to an individual for any tuition paid by him to any private nonprofit elementary or secondary school during the taxable year for the education of any dependent. Provides that the amount allowable for the taxable year with respect to any dependent shall not exceed the lesser of: (1) 50 percent of the tuition paid by the taxpayer during the taxable year for the elementary or secondary education of such dependent, or (2) $200. Provides for a $1 reduction of such credit allowable for each for $20 by which the taxpayer's gross income exceed $25,000. (Amends 26 U.S.C. 42)
United States · United States Congress · 30 January 1973
Makes appropriations to carry out programs of the Veterans' Administration to expand Veterans' Administration hospital education and training capacity. Provides $25,000,000 for grants to establish new State medical schools, and $50,000,000 for grants to expand and improve medical schools affiliated with the Veterans' Administration and to assist affiliated institutions in training health personnel, for fiscal year 1973.
United States · United States Congress · 30 January 1973
Permits a taxpayer under the Internal Revenue Code, to deduct the expenses paid by him for special education furnished to a child or other minor dependent who is physically or mentally handicapped. (Amends 26 U.S.C. 218)
United States · United States Congress · 30 January 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 · 30 January 1973
Permits an employer corporation to establish a plan under which its employees may purchase and hold stock in such corporation for purposes of constituting a qualified trust pursuant to the Internal Revenue Code. Provides that under such plan: (1) each employee of the employer corporation may participate in the plan; (2) no participant may contribute more than $2,000 to the plan during any one calendar year; (3) no individual who is not an employee of the employer corporation may make any contribution to the plan; and (4) the trust will make no distribution to a participant in the plan before he has reached retirement age, or is disabled. States that the trustee must be a bank which is incorporated and doing business under the laws of the United States or of the State in which the headquarters of the employer corporation are maintained. Provides for the tax free transfer of the participant's stock in one corporation when he terminates his employment and becomes the employee of a second corporation which has a plan which meets the requirements of this Act. Provides for the continuation of the plan where a successor corporation results from a corporation merger, consolidation or the acquisition of property or stock and the plan of the successor corporation meets the requirements of this Act. Provides that at or after retirement the gross income of a participant in the plan shall not include any amount attributable to the receipt from the trust of stock in the corporation. (Adds 26 U.S.C. 408)
United States · United States Congress · 30 January 1973
Allows an income tax credit under the Internal Revenue Code to a claimant who is domiciled in the United States and 62 years of age for a taxable year for the property taxes accrued or 25 percent of the gross rent actually paid by a household solely for its right of occupancy for such taxable year, or both. Sets forth a table of claims allowed under the provisions of this Act, based on household income and taxes paid. Directs the Secretary of the Treasury to make available suitable forms with instructions for claimants, including a form which may be included with or a part of the lindividual income tax form. Allows any person aggrieved by the denial in whole or in part of relief to appeal such denial to the Tax Court by filing a petition with such court within 30 days after such denial. (Adds 26 U.S.C. 1601-1605)
United States · United States Congress · 30 January 1973
Extends specified transitional rules, under the Internal Revenue Code of 1954, for allowing a charitable contribution deduction for purposes of the estate tax in the case of certain charitable remainder trusts. (Adds 26 U.S.C. 2055(e)(3)
United States · United States Congress · 30 January 1973
Increases the amount allowed under the Internal Revenue Code as a child-care deduction from $600 to $2400. Eliminates the income ceiling on eligibility for such deduction. (Amends 26 U.S.C. 214(b)(1), (2))
United States · United States Congress · 30 January 1973
Allows a business tax deduction under the Internal Revenue Code for expenses incurred for the care of one or more dependents if such care is for the purpose of enabling the taxpayer to carry on a trade or business, including the performance of services by the taxpayer as an employee.
United States · United States Congress · 29 January 1973
Provides for the inclusion of .22 caliber rimfire ammunition for which persons holding a Federal license to do business as a firearms or ammunition importer, manufacturer, or dealer need not keep records on purchasers. (Amends 26 U.S.C. 4182(c))
United States · United States Congress · 29 January 1973
Authorizes the apportionment of funds for the National System of Interstate and Defense Highways for fiscal years 1974 and 1975, based on the factors contained in table 5, House Committee Print numbered 92-29.
United States · United States Congress · 29 January 1973
Provides that Federal employees and Members of Congress who marry after retirement and who elect to receive a reduced annuity at such time shall have the reduction restored during any period of non-marriage which occurs after retirement. (Amends 5 U.S.C. 8559(j)(2))
United States · United States Congress · 29 January 1973
Extends the provisions of the interest equalization tax under the Internal Revenue Code until March 31, 1975 (formerly March 31, 1973). (Amends 26 U.S.C. 4911(d))
United States · United States Congress · 29 January 1973
Allows a tax deduction, under the Internal Revenue Code, of up to $750 for transportation expenses incurred to and from work by a disabled individual as one who is blind or who has lost the use of one or more of his extremities to such an extent that he is unable to use, without undue hardship or danger, a streetcar, bus, subway, or train. Provides an additional exemption of $750 for income tax purposes for a taxpayer or spouse who is disabled.
United States · United States Congress · 29 January 1973
Authorizes the apportionment of funds for the National System of Interstate and Defense Highways for fiscal years 1974 and 1975, based on the factors contained in table 5, House Committee Print numbered 92-29.
United States · United States Congress · 29 January 1973
Prohibits travelat Government expense outside the United States by any Delegate, Resident Commissioner, or Member of Congress after he has been defeated, resigned, or retired.
United States · United States Congress · 29 January 1973
Income-Splitting Tax Act - Extends to all unmarried individuals the full tax benefits of income splitting now enjoyed by married individuals filing joint returns. Provides that, except in the case of a married individual filing a separate return, a nonresident alien individual, or an estate or trust, the tax imposed by section of the Internal Revenue Code upon the taxable income of any individual shall be twice the tax which would be imposed if the taxable income were cut in half. Provides that the determination of whether an individual is married shall be made as of the close of his taxable year, and an individual legally separated from his spouse under a decree of divorce or separate maintenance shall not be considered as married. (Amends 26 U.S.C. 2) Provides for a tax surcharge limitation. Provides that the Secretary of the Treasury or his delegate shall prescribe and publish tables reflecting such amendments which shall apply, in lieu of the tables set forth in the Internal Revenue Code (relating to percentage method of withholding) (26 U.S.C. 3402(a)), 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 · 29 January 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 · 29 January 1973
Provides that the fiscal year of the United States shall coincide with the calendar year, and makes provisions for the orderly transition by all Federal Government and District of Columbia agencies to the use of the new fiscal year.
United States · United States Congress · 29 January 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 · 29 January 1973
Provides that the income tax deduction for a charitable contribution of a copyright, a literary musical, or artistic composition, a letter of memorandum, or similar property by a taxpayer to a charitable organization as defined in the Internal Revenue Code shall be reduced by one-half of the amount computed under the Internal Revenue Code provisions relating to contributions of ordinary income and capital gain property. Requires such a taxpayer to receive from the donee of such property a written statement that the property represents material of historical or artistic significance and that the use by the donee will be related to the purpose constituting the basis for its exemption. Exempts from these provisions, letters and other papers collected by a public official during his term of office. (Amends 26 U.S.C. 170(e))
United States · United States Congress · 29 January 1973
Increases to $1,000 (and to $1,500 for two or more dependents) the limitation on deductions allowable under the Internal Revenue Code to a taxpayer for expenses for household and child care services necessary for gainful employment. (Amends 26 U.S.C. 214(b)(1))