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Taxation

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651 records in US in 2012

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Records

Bill· HRH.R. 4143 (112th)referred

Extension of Section 420 and Retiree Life Insurance Act of 2012

United States · United States Congress · 5 March 2012

Extension of Section 420 and Retiree Life Insurance Act of 2012 - Amends the Internal Revenue Code to: (1) extend through 2021 the authority for transfers of excess pension assets of a defined benefit plan to a retiree health benefits account, and (2) allow the transfer of excess pension assets of a defined benefit plan to a retiree group term life insurance account.

Bill· HRH.R. 4139 (112th)referred

To amend the Internal Revenue Code of 1986 to extend permanently the 100 percent exclusion of gain from the sale or exchange of qualified small business stock.

United States · United States Congress · 5 March 2012

Amends the Internal Revenue Code to: (1) allow a permanent 100% exclusion from gross income of gain from the sale or exchange of qualified small business stock held for more than 5 years, (2) eliminate such tax exclusion as an item of tax preference for alternative minimum tax (AMT) purposes, and (3) repeal the 28% capital gains tax rate on qualified small business stock.

Bill· HRH.R. 4137 (112th)referred

Employee Educational Assistance Act of 2012

United States · United States Congress · 5 March 2012

Employee Educational Assistance Act of 2012 - Renders the general terminating date (i.e., December 31, 2010) of the Economic Growth and Tax Relief Reconciliation Act of 2001 inapplicable to provisions of that Act that extended the exclusion of employer-provided educational assistance from the gross income of employees (thus making such tax exclusion permanent).

Bill· HRH.R. 4134 (112th)referred

To amend the Internal Revenue Code of 1986 to clarify that any person who, for a commercial purpose, makes available for consumer use a machine capable of producing tobacco products, is a manufacturer of tobacco products.

United States · United States Congress · 5 March 2012

Amends the Internal Revenue Code to include within the definition of "manufacturer of tobacco products," for excise tax purposes, any person who for commercial purposes makes available for consumer use a machine capable of producing tobacco products.

Bill· SS. 2145 (112th)referred

Fair Playing Field Act of 2012

United States · United States Congress · 1 March 2012

Fair Playing Field Act of 2012 - Amends the Internal Revenue Code, with respect to the classification of workers for employment tax purposes, to: (1) repeal the prohibition against issuance of regulations and guidance by the Secretary of the Treasury on workers' employment tax status (i.e., as an employee or as an independent contractor) enacted by the Revenue Act of 1978; (2) direct the Secretary to issue regulations and other guidance to clarify the proper employment status of workers for employment tax purposes; (3) prohibit a retroactive assessment of employment tax, except with respect to certain skilled workers, for tax periods after December 31, 1978, and before a specified reclassification date for worker misclassifications, unless the taxpayer had no reasonable basis for not treating a worker as an employee; (4) require taxpayers who hire independent contractors on a regular and ongoing basis to provide such contractors with notice of their federal tax obligations, the labor and employment law protections that do not apply to them, and their right to seek a status determination from the Internal Revenue Service (IRS); and (5) eliminate reduced penalty provisions for failure to withhold income taxes for taxpayers who lack a reasonable basis for treating a worker as other than an employee (i.e., as an independent contractor). Provides that for purposes of determining whether a registered representative of a securities broker-dealer is an employee for employment tax purposes, no weight shall be given to instructions from a service recipient which are imposed only in compliance with investor protection standards. Makes this rule applicable to services performed by a broker-dealer after December 31, 1997.

Law· HRH.R. 4119 (112th)enacted

Border Tunnel Prevention Act of 2012

United States · United States Congress · 1 March 2012

Border Tunnel Prevention Act of 2012 - Amends the federal criminal code to: (1) subject anyone who attempts or conspires to construct or finance construction of an unauthorized tunnel or subterranean passage that crosses the international border between the United States and another country, or to use such a tunnel for smuggling, to the penalties prescribed for someone who commits such an offense; (2) make such a border tunnel offense a predicate offense for a money laundering violation and for authorization for interception of wire, oral, or electronic communications; and (3) provide for the criminal forfeiture of proceeds of such an offense and the seizure and forfeiture of merchandise introduced into the United States through such a tunnel. Expresses the sense of Congress that the Department of Homeland Security (DHS) should continue outreach efforts to educate landowners and tenants in areas along the border between Mexico and the United States about cross-border tunnels and seek their assistance in combating tunnel construction. Requires the Secretary of Homeland Security to submit an annual report describing: (1) cross-border tunnels along the U.S.-Mexico border discovered during the preceding fiscal year; and (2) the needs of DHS to effectively prevent, investigate, and prosecute construction of such tunnels.

Bill· HRH.R. 4122 (112th)referred

Big Cats and Public Safety Protection Act

United States · United States Congress · 1 March 2012

Big Cats and Public Safety Protection Act - Amends the Lacey Act Amendments of 1981 to prohibit any person from importing, exporting, transporting, selling, receiving, acquiring, purchasing, breeding, possessing, or owning any prohibited wildlife species (current law prohibits importing, exporting, transporting, selling, receiving, acquiring, or purchasing such a species in interstate or foreign commerce). Includes among exemptions to such prohibition the: (1) breeding of such species by authorized persons; and (2) transportation, possession, or ownership of such species by authorized persons. Defines "breeding" as facilitating the reproduction of prohibited wildlife species (any live species of lion, tiger, leopard, cheetah, jaguar, or cougar or any hybrid of such species) for commercial use. Removes from the list of persons authorized to import, export, transport, sell, receive, acquire, breed, possess, own, or purchase such species a person that is licensed or registered, and inspected, by the Animal and Plant Health Inspection Service (APHIS) or any other federal agency with respect to such species. Includes in such list: (1) a zoo accredited by the Association of Zoos and Aquariums; (2) a wildlife sanctuary that cares for such species, is a tax exempt corporation, does not commercially trade in or propagate such species, does not allow direct contact between the public and animals, and does not allow the transport and display of such species off-site; and (3) a person that is in possession of animals of such species that were born before the date of this Act's enactment and that are registered with APHIS within six months after such regulations are promulgated. Establishes civil and criminal penalties and forfeiture requirements for violations of this Act.

Bill· HRH.R. 4123 (112th)referred

Fair Playing Field Act of 2012

United States · United States Congress · 1 March 2012

Fair Playing Field Act of 2012 - Amends the Internal Revenue Code, with respect to the classification of workers for employment tax purposes, to: (1) repeal the prohibition against issuance of regulations and guidance by the Secretary of the Treasury on workers' employment tax status (i.e., as an employee or as an independent contractor) enacted by the Revenue Act of 1978; (2) direct the Secretary to issue regulations and other guidance to clarify the proper employment status of workers for employment tax purposes; (3) prohibit a retroactive assessment of employment tax, except with respect to certain skilled workers, for tax periods after December 31, 1978, and before a specified reclassification date for worker misclassifications, unless the taxpayer had no reasonable basis for not treating a worker as an employee; (4) require taxpayers who hire independent contractors on a regular and ongoing basis to provide such contractors with notice of their federal tax obligations, the labor and employment law protections that do not apply to them, and their right to seek a status determination from the Internal Revenue Service (IRS); and (5) eliminate reduced penalty provisions for failure to withhold income taxes for taxpayers who lack a reasonable basis for treating a worker as other than an employee (i.e., as an independent contractor). Provides that for purposes of determining whether a registered representative of a securities broker-dealer is an employee for employment tax purposes, no weight shall be given to instructions from a service recipient which are imposed only in compliance with investor protection standards. Makes this rule applicable to services performed by a broker-dealer after December 31, 1997.

Bill· SS. 2144 (112th)referred

Mortgage Cancellation Relief Act of 2012

United States · United States Congress · 29 February 2012

Mortgage Cancellation Relief Act of 2012 - Amends the Internal Revenue Code to allow a permanent exclusion from gross income of amounts attributable to the discharge of qualified residential indebtedness, in the case of an individual (currently, limited to principal residence indebtedness discharged before January 1, 2013). Defines "qualified residential indebtedness" to mean indebtedness, including indebtedness from refinancing, that was incurred or assumed: (1) in connection with real property used as a residence and that is secured by such real property; and (2) to acquire, construct, reconstruct, or substantially improve such property. Limits the amount of such exclusion to the excess (if any) of the outstanding principal amount of such indebtedness (immediately before the discharge) over the sum of: (1) the amount realized from the sale of such real property reduced by the cost of the sale, and (2) the outstanding principal amount of any other indebtedness secured by such property.

Bill· SS. 2143 (112th)referred

A bill to amend the Internal Revenue Code of 1986 to clarify that paper which is commonly recycled does not constitute a qualified energy resource under the section 45 credit for renewable electricity production.

United States · United States Congress · 29 February 2012

Amends the Internal Revenue Code to exclude paper that is commonly recycled from the definition of municipal solid waste for purposes of the tax credit for the production of electricity from renewable resources.

Bill· SS. 2138 (112th)referred

Corps of Engineers Project Delivery Flexibility Act of 2012

United States · United States Congress · 29 February 2012

Corps of Engineers Project Delivery Flexibility Act of 2012 - Directs the Chief of Engineers to establish a pilot program to evaluate the cost-effectiveness and project delivery efficiency of non-federal sponsors as the lead project delivery team for authorized Corps of Engineers civil works flood control and navigation construction projects. Directs the Chief, in carrying out such program, to: (1) identify at least 12 congressionally authorized Corps flood control and navigation construction projects that have received federal funds and experienced delays or missed scheduled deadlines in the five fiscal years prior to this Act's enactment and that have an unobligated funding balance in the Corps Construction Account; (2) enter into a project partnership agreement with a non-federal sponsor to provide full project management control for the design and construction of such a project; and (3) develop a detailed project management plan for each project under the pilot program that outlines the scope, budget, design, and construction resource requirements necessary for project execution by the non-federal sponsor. Conditions the receipt of federal funding under this Act on: (1) a project being federally owned, and (2) the non-federal sponsor establishing to oversee the execution of the project management plan a project delivery team consisting of a project manager and a Corps official who shall provide technical assistance and guidance on compliance with Corps engineering manuals and regulations. Rescinds a specified amount of discretionary appropriations for FY2008-FY2011 that remain unobligated and makes such amount available for use under this Act.

Bill· HRH.R. 4108 (112th)referred

Clean Energy Jobs Act of 2012

United States · United States Congress · 29 February 2012

Clean Energy Jobs Act of 2012 - Amends the Internal Revenue Code to allow additional allocations of credits under the qualifying advanced energy project (i.e., the project for the production of renewable and alternative energy resources) in 2012. Limits or repeals certain tax benefits for major integrated oil companies (defined as companies with annual gross receipts over $1 billion and an average daily worldwide production of crude oil of at least 500,000 barrels), including: (1) the foreign tax credit; (2) the tax deduction for income attributable to oil, natural gas, or primary products thereof; (3) the tax deduction for intangible drilling and development costs; (4) the percentage depletion allowance for oil and gas wells; and (5) the tax deduction for qualified tertiary injectant expenses. Amends the Energy Policy Act of 2005 to repeal royalty relief (suspension of royalties) for: (1) natural gas production from deep wells in shallow waters of the Gulf of Mexico; and (2) deep water oil and gas production in the Western and Central Planning Area of the Gulf (including the portion of the Eastern Planning Area encompassing whole lease blocks lying west of 87 degrees, 30 minutes west longitude). Dedicates any increased revenue generated by this Act to the reduction of a federal budget deficit or the federal debt. Provides for compliance of the budgetary effects of this Act with the Statutory Pay-As-You-Go Act of 2010.

Bill· HRH.R. 4096 (112th)referred

STORAGE 2012 Act

United States · United States Congress · 28 February 2012

Storage Technology for Renewable and Green Energy Act of 2012 or the STORAGE 2012 Act - Amends the Internal Revenue Code to: (1) allow, through 2020, a 20% energy tax credit for investment in energy storage property that is directly connected to the electrical grid (i.e., a system of generators, transmission lines, and distribution facilities) and that is designed to receive, store, and convert energy to electricity, deliver it for sale, or use such energy to provide improved reliability or economic benefits to the grid; (2) make such property eligible for new clean renewable energy bond financing; (3) allow a 30% energy tax credit for investment in energy storage property used at the site of energy storage; and (4) allow a 30% nonbusiness energy property tax credit for the installation of energy storage equipment in a principal residence.

Bill· SS. 2132 (112th)open

Highway Investment, Job Creation, and Economic Growth Act of 2012

United States · United States Congress · 27 February 2012

Highway Investment, Job Creation, and Economic Growth Act of 2012 - Amends the Internal Revenue Code to: (1) extend through September 30, 2013, the expenditure authority for the Highway Trust Fund; and (2) extend through September 30, 2015, current excise tax rates on motor fuels (i.e., gasoline, diesel fuel and kerosene, and special motor fuels), excise taxes on heavy highway vehicles and highway tires, and the use tax on heavy vehicles. Extends through 2012: (1) the special exemption for small bond issuers from tax-exempt interest expense allocation rules, (2) the exemption of tax-exempt interest on private activity bonds from treatment as an item of tax preference for alternative minimum tax (AMT) purposes, and (3) the equalization of the tax exclusion for employer-provided mass transit and parking benefits. Exempts certain sewage and water facility bonds issued before January 1, 2018, from the volume cap applicable to private activity bonds. Allows a state, through a state infrastructure bank, to issue transportation and regional infrastructure project (TRIP) bonds to be used for capital improvements to transportation infrastructure projects. Transfers to the Highway Trust Fund: (1) $3 billion from the Leaking Underground Storage Tank (LUST) Trust Fund and amounts from a reduction in the LUST Trust Fund financing rate, (2) amounts received from the gas guzzler tax, and (3) tariffs on certain motor cars. Provides for the denial, revocation, or limitation of a passport for individuals with a seriously delinquent tax debt in excess of $50,000. Imposes a 100% continuous levy on payments due to Medicare providers and suppliers for delinquent tax debts. Allows the enforcement of a federal tax levy on thrift savings plan accounts. Modifies rules for required distributions from tax-exempt pension plans. Increases the recovery period for the depreciation of highway property subject to a long-term lease. Extends through 2021 the allowance of transfers of excess pension assets of a defined benefit plan to retiree health benefits accounts. Allows the transfer of such excess pension assets to retiree group term life insurance accounts.

Bill· HRH.R. 4089 (112th)open

Sportsmen's Heritage Act of 2012

United States · United States Congress · 27 February 2012

Sportsmen's Heritage Act of 2012 - Recreational Fishing and Hunting Heritage and Opportunities Act - Requires federal public land management officials to facilitate the use of, and access to, federal public lands and waters for fishing, sport hunting, and recreational shooting, except as restricted by specified limitations, including statutory authority that authorizes or withholds action for reasons of national security, public safety, or resource conservation. Requires that Bureau of Land Management (BLM) and Forest Service lands, excluding lands on the Outer Continental Shelf, be open to recreational fishing, hunting, and shooting unless the managing agency acts to close lands to such activity for specified purposes, including resource conservation, public safety, energy production, water supply facilities, or national security. Allows federal agencies to: (1) lease their lands for shooting ranges, and (2) designate specific lands for recreational shooting activities. Sets forth requirements for a withdrawal, change of classification, or change of management status that effectively closes or significantly restricts 640 or more contiguous acres of federal public lands or waters for fishing or hunting or related activities. Recreational Shooting Protection Act - Requires National Monument land under BLM's jurisdiction to be open to access and use for recreational shooting, except as limited by the Director of BLM for reasons of national security and public safety and to comply with an applicable federal statute. Prohibits the issuance of closures or restrictions on such land that are substantially similar to those that were previously issued and not approved by federal law. Polar Bear Conservation and Fairness Act of 2012 - Amends the Marine Mammal Protection Act of 1972 to direct the Secretary of the Interior to issue a permit for the importation of any polar bear part (other than an internal organ) from a polar bear taken in a sport hunt in Canada to any person: (1) who submits proof that the polar bear was legally harvested before February 18, 1997; or (2) who has submitted, in support of an application submitted before May 15, 2008, proof that the bear was legally harvested before such date from a polar bear population from which a sport-hunted trophy could be imported before such date. Hunting, Fishing, and Recreational Shooting Protection Act - Amends the Toxic Substances Control Act (TSCA) to exclude from the definition of "chemical substance" for purposes of such Act: (1) any component of any pistol, revolver, firearm, shell, or cartridge the sale of which is subject to federal excise tax, including shot, bullets and other projectiles, propellants, and primers; and (2) any sport fishing equipment the sale of which is subject to federal excise tax and sport fishing equipment components.

Bill· HRH.R. 4092 (112th)referred

To amend the National Defense Authorization Act for Fiscal Year 2012 to provide clarification of the relationship of certain constitutional rights to provisions of law relating to the military detention of certain covered person.

United States · United States Congress · 27 February 2012

Amends the National Defense Authorization Act for Fiscal Year 2012 to provide that the writ of habeas corpus shall remain available to any individual detained within the United States (including those detained pursuant to the Authorization for Use of Military Force), and that no American citizen or lawful resident may be detained without due process, including the right to: (1) a speedy and public trial, (2) be informed of the nature of the accusation, (3) be confronted with adverse witnesses, (4) a compulsory process for obtaining witnesses in their favor, and (5) legal counsel.

Bill· HRH.R. 4091 (112th)referred

Coordination of Pro Bono Medically Recommended Dental Care Act

United States · United States Congress · 27 February 2012

Coordination of Pro Bono Medically Recommended Dental Care Act - Amends the Public Health Service Act to direct the Secretary of Health and Human Services (HHS) to award competitive grants to, or enter into contracts with, eligible entities to maximize the number of eligible low-income individuals receiving dental care. Requires an entity to use amounts received under a grant or contract to fund the employment costs of a program to: (1) coordinate the provision of free, medically recommended dental care to eligible low-income individuals by volunteer dentists in a manner consistent with state licensing laws; and (2) verify the medical, dental, and financial needs of individuals who may be eligible for such dental services. Requires an eligible: (1) entity to be tax exempt and provide for the participation of eligible individuals in a free dental services program; and (2) individual to be entitled to benefits or be enrolled under Medicare, Medicaid, or a state plan or waiver under the State Children's Health Insurance Program (CHIP, formerly known as SCHIP).

Bill· HRH.R. 4079 (112th)open

Safe Housing for Homeless Veterans Act

United States · United States Congress · 17 February 2012

Safe Housing for Homeless Veterans Act - Prohibits the Secretary of Veterans Affairs (VA) from making a grant or providing other assistance to any entity for the provision of housing or housing services to homeless veterans unless such entity submits to the Secretary a certification that the building proposed for such housing or services is in compliance with all local codes relevant to operations and level of care provided, as well as any other local requirements regarding the condition of the structure and the operation of the supportive housing or service center. Directs the Secretary, in awarding such grants, to give priority to entities seeking a grant or assistance for a project that includes making improvements to a building to ensure that the building meets such codes and other requirements. Requires entities receiving grants or assistance for the fiscal year during which this Act is enacted to submit such a certification within two years after enactment.

Bill· HRH.R. 4075 (112th)referred

Tax and Education Assistance for Children (TEACH) Act of 2012

United States · United States Congress · 17 February 2012

Tax and Education Assistance for Children (TEACH) Act of 2012 - Amends the Internal Revenue Code to allow taxpayers a credit for the tuition expenses they incur in having their dependents attend a private or religious elementary or secondary school.

Resolution· HCONRESH.Con.Res. 103 (112th)referred

Expressing the sense of Congress that the effective Federal tax rate paid by the President and Vice-President of the United States, and Members of the House of Representatives and Senate, should not be less than the effective Federal tax rate paid by middle class Americans.

United States · United States Congress · 17 February 2012

Expresses the sense of Congress that the effective federal tax rate paid by the President, the Vice President, and Members of Congress should not be less than the effective federal tax rate paid by middle-class Americans.

Bill· SS. 2118 (112th)open

Health Care Bureaucrats Elimination Act

United States · United States Congress · 16 February 2012

Health Care Bureaucrats Elimination Act - Amends the Patient Protection and Affordable Care Act to eliminate the Independent Payment Advisory Board charged with developing and submitting to the President, for Congress to consider, detailed proposals to reduce the per capita rate of growth in Medicare spending. Amends the Internal Revenue Code to increase the limitation on recapture of excess advance payments of the tax credit for health insurance premiums.

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