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Taxation

Records whose title is actually about this topic. Use a country filter if the list is still too broad.

651 records in US in 1978

All countriesUnited States · 53,051European Union · 5,204Ireland · 4,382Austria · 4,168United Kingdom · 3,280France · 2,309Germany · 1,781Netherlands · 865Belgium · 1Search this topic

Records

Bill· SS. 2576 (95th)referred

A bill to amend the Internal Revenue Code of 1954 with respect to the tax treatment of earned income of United States citizens and resident aliens from sources without the United States, and for other purposes.

United States · United States Congress · 23 February 1978

Amends the Internal Revenue Code to extend to all residents of the United States the same general exclusion of income earned abroad which is presently limited to citizens. Repeals the disallowance of an income tax credit for foreign taxes paid on income items that are excluded as foreign earned income. Increases the limitations on this exclusion, with provisions for annual adjustments by the Secretary of the Treasury to correspond to rate increases paid to GS-12, step one government employees. Allows a new income tax deduction for the sum of foreign source income related expenses falling in the following categories: the cost-of- living differential (i.e., the excess cost) of maintaining a family in a foreign country rather than the United States (to be governed by tables published by the Secretary of the Treasury, guided by the State Department's index of foreign living costs); a portion of the excess housing costs experienced abroad; the elementary and secondary education expenses of the taxpayer's dependents, including room, board and travel if no adequate "United States-type" schools are available; travel expenses of one annual trip home; and reasonable transportation expenses for the taxpayer and his family for travel between remote or adverse posts and any other location approved by the employer. Allows taxpayers to use this deduction for determining adjusted gross income, thereby extending it to individuals not itemizing their deductions. Limits deducting any expense item to one of the specified categories of this deduction, thereby avoiding multiple deductions of single expenses. Includes in gross income any reimbursement by an employer for expenses qualifying for this deduction. Increases the time and amount limitations for moving expense deductions in the cases of all international moves resulting from death of the taxpayer, retirement, or a new principal place of work. Includes the storage fees incurred for the duration of a foreign assignment within the expenses qualifying for this deduction. Excludes from gross income all meals and lodging furnished the taxpayer and his dependents by his employer outside the United States in a "camp-style" or communal setting. Provides taxpayers working abroad the same extended repurchase time limitations as are presently provided servicemen stationed overseas for the nonrecognition of gain on the sale or exchange of a principal residence.

Bill· HRH.R. 11107 (95th)referred

Small Business Tax Reform Act

United States · United States Congress · 23 February 1978

Small Business Tax Reform Act - Amends the Internal Revenue Code to replace the corporate income tax rates with a graduated, five-tier rate schedule, imposing the uppermost (48 percent) marginal rate upon income in excess of $100,000.

Bill· SS. 2561 (95th)referred

Tax Indexation Act

United States · United States Congress · 22 February 1978

Tax Indexation Act - Amends the Internal Revenue Code to subject zero bracket amounts, personal exemptions, the corporate surtax exemption, limitations on individual retirement accounts and Keogh contributions, the gift exclusion, the unified estate and gift tax credits, and the basis of assets to an annual cost-of-living adjustment, whereby each currently listed dollar amount shall be increased by an amount equal to such dollar amount multiplied by two-thirds of the increase in the Consumer Price Index over the preceding year. Grants the President power to suspend such adjustments, subject to veto by either House of Congress.

Bill· SS. 2554 (95th)referred

A bill to amend the Internal Revenue Code of 1954 to permit adjustment of the zero bracket amount and the amount of the exemptions allowed by section 151 for residents of States for which the Director of the Office of Management and Budget has adjusted the level of the official poverty line to a level greater than the prevailing level in most States.

United States · United States Congress · 22 February 1978

Amends the Internal Revenue Code to authorize an increase in the zero bracket amount and the amount of the personal exemptions allowed for residents of States for which the Director of the Office of Management and Budget has determined the level of the official poverty line to be 15 percent or more than the average level for all States.

Law· HRH.R. 11055 (95th)open

An Act relating to the year for including in income payments under the Agricultural Act of 1949 received in 1978 but attributable to 1977, and to extend for one year the existing treatment of State legislators' travel expenses away from home.

United States · United States Congress · 22 February 1978

Permits a taxpayer to elect to include certain crop payments received in 1978 in 1977 income, if such payments are either: (1) cash payments under the Agriculture Act of 1949 for crop disaster losses sustained in 1977, providing it is established that, under the taxpayer's practice, income from the lost crops would have been reported in 1977 income; or (2) deficiency (or "target price") payments under such Act for any 1977 crop, and the fifth month of such crop's marketing year ended before December 1, 1977.

Bill· HRH.R. 11065 (95th)referred

A bill to amend the Internal Revenue Code of 1954 with respect to the tax treatment of earned income of United States citizens and resident aliens from sources without the United States, and for other purposes.

United States · United States Congress · 22 February 1978

Amends the Internal Revenue Code to extend to all residents of the United States the same general exclusion of income earned abroad that is presently limited to citizens. Repeals the disallowance of an income tax credit for foreign taxes paid on income items that are excluded as foreign earned income. Increases the limitations on this exclusion, with provisions for annual adjustments by the Secretary of the Treasury to correspond to rate increases paid to GS-12, step one government employees. Allows a new income tax deduction for the sum of foreign source income related expenses falling in the following categories: the cost-of-living differential (i.e., the excess cost) of maintaining a family in a foreign country rather than the United States (to be governed by tables published by the Secretary of the Treasury, guided by the State Department's index of foreign living costs); a portion of the excess housing costs experienced abroad the elementary and secondary education expenses of the taxpayer's dependents, including room, board and travel if no adequate "United States-type" schools are available; travel expenses of one annual trip home; and reasonable transportation expenses for the taxpayer and his family for travel between remote or adverse posts and any other location approved by the employer. Allows taxpayers to use deduction for determining adjusted gross income, thereby extending it to individuals not itemizing their deductions. Limits deducting any expense item to one of the specified categories of this deduction, thereby avoiding multiple deductions of single expenses. Includes in gross income any reimbursement by an employer for expenses qualifying for this deduction. Increases the time and amount limitations for moving expense deductions in the cases of all international moves resulting from death of the taxpayer, retirement, or a new principal place of work. Includes the storage fees incurred for the duration of a foreign assignment within the expenses qualifying for this deduction. Excludes from gross income all meals and lodging furnished the taxpayer and his dependents by his employer outside the United States in a "camp-style" or communal setting. Provides taxpayers working abroad the same extended repurchase time limitations as are presently provided servicemen stationed overseas for the nonrecognition of gain on the sale or exchange of a principal residence.

Bill· HRH.R. 11057 (95th)referred

A bill to amend the Internal Revenue Code of 1954 with respect to the tax treatment of earned income of United States citizens and resident aliens from sources without the United States, and for other purposes.

United States · United States Congress · 22 February 1978

Amends the Internal Revenue Code to extend to all residents of the United States the same general exclusion of income earned abroad that is presently limited to citizens. Repeals the disallowance of an income tax credit for foreign taxes paid on income items that are excluded as foreign earned income. Increases the limitations on this exclusion, with provisions for annual adjustments by the Secretary of the Treasury to correspond to rate increases paid to GS-12, step one government employees. Allows a new income tax deduction for the sum of foreign source income related expenses falling in the following categories: the cost-of-living differential (i.e., the excess cost) of maintaining a family in a foreign country rather than the United States (to be governed by tables published by the Secretary of the Treasury, guided by the State Department's index of foreign living costs); a portion of the excess housing costs experienced abroad the elementary and secondary education expenses of the taxpayer's dependents, including room, board and travel if no adequate "United States-type" schools are available; travel expenses of one annual trip home; and reasonable transportation expenses for the taxpayer and his family for travel between remote or adverse posts and any other location approved by the employer. Allows taxpayers to use deduction for determining adjusted gross income, thereby extending it to individuals not itemizing their deductions. Limits deducting any expense item to one of the specified categories of this deduction, thereby avoiding multiple deductions of single expenses. Includes in gross income any reimbursement by an employer for expenses qualifying for this deduction. Increases the time and amount limitations for moving expense deductions in the cases of all international moves resulting from death of the taxpayer, retirement, or a new principal place of work. Includes the storage fees incurred for the duration of a foreign assignment within the expenses qualifying for this deduction. Excludes from gross income all meals and lodging furnished the taxpayer and his dependents by his employer outside the United States in a "camp-style" or communal setting. Provides taxpayers working abroad the same extended repurchase time limitations as are presently provided servicemen stationed overseas for the nonrecognition of gain on the sale or exchange of a principal residence.

Bill· HRH.R. 11053 (95th)referred

Graduated Corporation Income Tax Rate Act

United States · United States Congress · 22 February 1978

Graduated Income Tax Rate Act - Amends the Internal Revenue Code to provide graduated income tax rates for corporations ranging from a 14 percent rate on the first $25,000 in income to a 48 percent rate on income in excess of $100,000,000.

Bill· HRH.R. 11078 (95th)referred

A bill to amend the Internal Revenue Code of 1954 to provide for a 1-year amortization of property which is used in connection with a plant or other property in operation before January 1, 1978, and which is required with respect to such plant or other property pursuant to the Occupational Safety and Health Act of 1970.

United States · United States Congress · 22 February 1978

Amends the Internal Revenue Code to allow the amortization over a 12-month period of depreciable tangible property which is required to be used in a plant or other facility by the Occupational Safety and Health Act of 1970 and which does not have any economic usefulness to the taxpayer.

Bill· HRH.R. 11070 (95th)referred

A bill to amend the Internal Revenue Code of 1954 to provide for the exclusion from gross income of certain retirement benefits received by individuals to the extent that such benefits do not exceed the maximum social security benefits payable to any individual.

United States · United States Congress · 22 February 1978

Amends the Internal Revenue Code to exclude individual retirement benefits received under specified individual retirement savings plans, bonds, trusts and annuity contracts to the extent that the benefits do not exceed the maximum social security old age insurance benefits which could have been paid to an individual during the calendar year.

Bill· HRH.R. 11052 (95th)referred

A bill to amend the Internal Revenue Code of 1954 to eliminate the adjusted gross income limitation on the credit for the elderly, to increase the amount of such credit, and for other purposes.

United States · United States Congress · 22 February 1978

Amends the Internal Revenue Code to: (1) remove the adjusted gross income limitation on the credit for the elderly; (2) increase the amount of the credit; and (3) provide an annual cost-of-living adjustment for the credit.

Law· SS. 2553 (95th)open

Maritime Appropriation Authorization Act for Fiscal Year 1979

United States · United States Congress · 21 February 1978

Maritime Appropriation Authorization Act - Authorizes appropriations in specified amounts to the Department of Commerce for fiscal year 1979 for: (1) vessel construction or reconditioning; (2) the payment of obligations incurred for the operating - differential subsidy; (3) research and development expenses; (4) operating expenses including reserve fleet expenses; (5) financial assistance to State marine schools; and (6) the Merchant Marine Academy.

Bill· HRH.R. 11039 (95th)referred

Economic Redevelopment Area Tax Incentive Act

United States · United States Congress · 21 February 1978

Economic Redevelopment Area Tax Incentive Act - Amends the Internal Revenue Code to allow an additional five percent investment tax credit for new, depreciable business property placed in high unemployment urban areas. Increases the maximum investment credit allowable to 90 percent of income tax liability exceeding $25,000. Allows employers a limited income tax credit for a portion of the wages paid to certain new employees for services in high unemployment urban areas.

Bill· HRH.R. 11014 (95th)referred

A bill to amend the Board for International Broadcasting Act of 1973 and to authorize appropriations for fiscal years 1979 and 1980 for carrying out that Act.

United States · United States Congress · 21 February 1978

Amends the Board for International Broadcasting Act of 1973 to make the chairman of the Board of Directors of RFE/RL (Radio Free Europe/Radio Liberty), Inc., an ex official member of the Board for International Broadcasting. Authorizes appropriations for fiscal years 1979 and 1980 to carry out such Act.

Bill· HRH.R. 11010 (95th)referred

A bill to amend the Internal Revenue Code of 1954 to eliminate the adjusted gross income limitation on the credit for the elderly, to increase the amount of such credit, and for other purposes.

United States · United States Congress · 21 February 1978

Amends the Internal Revenue Code to: (1) remove the adjusted gross income limitation on the credit for the elderly; (2) increase the amount of the credit; and (3) provide an annual cost-of-living adjustment for the credit.

Bill· HRH.R. 10949 (95th)referred

A bill to amend the Internal Revenue Code of 1954 to allow a deduction for amounts paid by speech-impaired or hearing-impaired individuals for use of toll telephone service by means of teletypewriters.

United States · United States Congress · 15 February 1978

Amends the Internal Revenue Code to allow a tax credit for an amount, not to exceed $250, equal to 50 percent of the expenses paid or incurred by a speech- or hearing-impaired individual for the use of toll telephone services by means of teletypewriters.

Bill· HRH.R. 10968 (95th)referred

Investment Tax Credit Act

United States · United States Congress · 15 February 1978

Investment Tax Credit Act - Amends the Internal Revenue Code to allow an additional investment tax credit for machinery and equipment placed in service in existing manufacturing plants or in nearby areas.

Bill· HRH.R. 10958 (95th)referred

A bill to amend the Internal Revenue Code of 1954 to treat, for purposes of the nonrecognition of gain from the sale or exchange of a principal residence, permanently and totally disabled individuals in a manner similar to the treatment of individuals who have attained the age of 65.

United States · United States Congress · 15 February 1978

Amends the Internal Revenue Code to provide the totally and permanently disabled the same tax exclusion of gain on the sale of a principal residence that is presently provided individuals who have attained the age of 65.

Bill· HRH.R. 10933 (95th)referred

A bill to repeal the carryover basis provisions added by the Tax Reform Act of 1976.

United States · United States Congress · 14 February 1978

Amends the Internal Revenue Code to repeal the carryover basis provisions enacted by the Tax Reform Act 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.

Bill· HRH.R. 10932 (95th)referred

Urban Redevelopment Tax Act

United States · United States Congress · 14 February 1978

Urban Redevelopment Tax Act - Amends the Internal Revenue Code to allow an additional five percent investment tax credit for new, depreciable business property placed in high unemployment urban areas during 1978-82. Allows employers an income tax credit during 1978-82 for a portion of the wages paid to certain new employees between the ages of 17 and 25 for services in an urban redevelopment area.

Bill· HRH.R. 10939 (95th)referred

A bill to amend the Internal Revenue Code of 1954 to eliminate the adjusted gross income limitation on the credit for the elderly, to increase the amount of such credit, and for other purposes.

United States · United States Congress · 14 February 1978

Amends the Internal Revenue Code to: (1) remove the adjusted gross income limitation on the credit for the elderly; (2) increase the amount of the credit; and (3) provide an annual cost-of-living adjustment for the credit.

Bill· HRH.R. 10920 (95th)referred

Tuition Tax Credit Act

United States · United States Congress · 14 February 1978

Tuition Tax Credit Act - Amends the Internal Revenue Code to allow a credit against an individual's income tax in an amount equal to 50 percent of the sum of the amounts paid by him to educational institutions as tuition (though no more than $500 for any single individual) for the attendance of the taxpayer, the taxpayer's spouse, or any of his dependents with respect to whom he is entitled to a personal exemption.

Bill· SS. 2528 (95th)referred

A bill to amend the Internal Revenue Code of 1954 to provide for the issuance of, and the exclusion from income of interest on, educational savings bonds.

United States · United States Congress · 10 February 1978

Amends the Internal Revenue Code to exclude from gross income interest or investment yield on an educational savings bond to the extent that the yield is equal to or less than the expenses incurred by the taxpayer for the tuition and fees of dependents at higher educational institutions during the taxable year. Defines "educational savings bond" as a bond issued under the Second Liberty Bond Act which pays interest only on redemption, pays no interest if redeemed within 12 months, matures after 20 years and is not transferable.

Bill· HRH.R. 10900 (95th)referred

Tuition Relief Act

United States · United States Congress · 9 February 1978

Tuition Relief Act - Amends the Internal Revenue Code to allow individuals an income tax credit for one-half of the first $600 in education expenses paid for each of the taxpayer's dependents, his spouse, and himself.

Bill· HRH.R. 10869 (95th)referred

A bill to amend the Internal Revenue Code of 1954 to exempt certain State and local government retirement systems from taxation, and for other purposes.

United States · United States Congress · 9 February 1978

Amends the Internal Revenue Code to provide that State and local government retirement systems shall be tax exempt organizations. Exempts these systems from the reporting requirements pertaining to deferred compensation. Treats all such systems as qualified pension plans under the code.

Bill· HRH.R. 10865 (95th)referred

Graduated Corporation Income Tax Rate Act

United States · United States Congress · 9 February 1978

Graduated Income Tax Rate Act - Amends the Internal Revenue Code to provide graduated income tax rates for corporations ranging from a 14 percent rate on the first $25,000 in income to a 48 percent rate on income in excess of $100,000,000.

Bill· HRH.R. 10907 (95th)referred

Tax Reduction Act

United States · United States Congress · 9 February 1978

Tax Reduction Act - Amends the Internal Revenue Code to lower individual and corporate income tax rates.

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