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701 records in US in 1983
United States · United States Congress · 9 March 1983
Amends the Internal Revenue Code to extend until December 31, 1990 the period during which tax-exempt mortgage revenue bonds may be issued.
United States · United States Congress · 9 March 1983
United States Olympic Checkoff Act of 1983 - Amends the Internal Revenue Code to allow taxpayers to designate on their income tax returns a contribution of one dollar of their income tax refunds or any cash amount voluntarily forwarded with their returns to support the U.S. Olympic Trust Fund. Establishes in the Treasury a U.S. Olympic Trust Fund (trust fund). Appropriates to such trust fund an amount equal to the amount designated on tax returns. Directs the Secretary of the Treasury to pay amounts so transferred to the U.S. Olympic Committee. Allows specified administrative expenses to be paid from such trust fund.
United States · United States Congress · 9 March 1983
National Bureau of Standards Authorization Act for Fiscal Years 1984 and 1985 - Authorizes appropriations to carry out the activities performed by the Bureau of Standards for FY 1984 and 1985, including: (1) measurement research and standards; (2) engineering measurements and standards; (3) computer sciences and technology; (4) core measurement research for new technologies; (5) technical competence fund; and (6) central technical support. Limits the amount of excess foreign currency obligation which the Bureau may incur. Authorizes additional appropriations for: (1) the Office of Productivity, Technology, and Innovation; and (2) necessary salary adjustments. Requires that sufficient income from the Working Capital Fund remain outside the general fund of the Treasury to ensure the availability of working capital necessary to replace equipment and inventories for the Bureau.
United States · United States Congress · 9 March 1983
Amends the Internal Revenue Code to allow the unrestricted deduction of amounts paid for health insurance. Allows a deduction for one-half of the self-employment tax imposed on the income of an individual taxpayer. Allows a deduction for the amounts paid by an individual for term life insurance. Limits the deductible amount for the cost of insurance where there is more than $50,000 of term insurance coverage. Extends the deductions for amounts paid for health and life insurance premiums to taxpayers who do not itemize income tax deductions.
United States · United States Congress · 9 March 1983
Amends the Internal Revenue Code to allow individuals an income tax credit for 50 percent of expenditures for the purchase and installation of locks and security devices in principal residences. Limits to $200 the amount of expenditures which may be taken into account for such credit.
United States · United States Congress · 9 March 1983
Amends the Internal Revenue Code to require that for every two dollars a business deducts under the accelerated cost recovery system, one dollar in wages must be paid to new employees of the business. Provides an exception for small businesses whose depreciation deduction does not exceed $5,000. Specifies that a business which does not meet this requirement shall be limited to the depreciation available under the former asset depreciation range system. Prohibits employers from replacing present employees with new employees for the purpose of complying with the requirements of this Act.
United States · United States Congress · 9 March 1983
Amends the Internal Revenue Code to increase the income tax credit for child care expenses from a maximum of 30 percent to a maximum of 50 percent of such expenses. Reduces such percentage by one percent for each full $1,000 by which the taxpayer's adjusted gross income exceeds $10,000. Grants tax-exempt status to organizations which provide nonresidential dependent care services to the general public for purposes of enabling individuals to maintain employment.
United States · United States Congress · 9 March 1983
Savings Incentive Act of 1983 - Amends the Internal Revenue Code to allow nondeductible excess contributions to individual retirement accounts and individual retirement annuities up to a specified amount. Permits withdrawals from such accounts or annuities up to $10,000 without tax penalty, in order to purchase a first home or finance the higher or vocational education of a dependent child.
United States · United States Congress · 9 March 1983
Amends the Internal Revenue Code to revise requirements for the deduction of expenses incurred in attending a convention, seminar, or other meeting held on a domestic cruise ship and to extend eligibility for such deduction to a foreign cruise ship in specified Caribbean Basin countries. Requires the President to disqualify countries under certain conditions. Requires the President to notify Congress and the affected country 60 days before disqualifying such country.
United States · United States Congress · 8 March 1983
Amends the Foreign Assistance Act of 1969 to authorize appropriations for the Inter-American Foundation for FY 1984 and 1985.
United States · United States Congress · 8 March 1983
Amends the Internal Revenue Code and title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to extend the exemption from OASDI and hospital insurance taxes on self-employment income which is applicable to self-employed individuals who are members of a recognized religious sect which is conscientiously opposed to the OASDI and hospital insurance systems to employees of such individuals who belong to the same religious sect.
United States · United States Congress · 8 March 1983
Amends the Internal Revenue Code to provide homebuilders with an income tax credit for the construction of residences which incorporate a passive solar energy system. Directs the Secretary of the Treasury, after consultation with the Secretaries of Energy and Housing and Urban Development, to prescribe regulations setting forth a solar construction credit table for purposes of determining the amount of the credit for which the incorporator of the solar energy system is eligible. Limits the dollar amount of such credit to $2,500. Phases out such credit in annual increments after 1988. Defines "passive solar energy system" as a system which contains a solar collection area, an absorber, a storage mass, a heat distribution method, and heat regulation devices. Requires such system to be installed in a new residence after September 30, 1983 and before January 1, 1992.
United States · United States Congress · 8 March 1983
Enterprise Zone Act of 1983 - Title I: Designation of Enterprise Zones - Amends the Internal Revenue Code to provide for the designation of enterprise zones by the Secretary of Housing and Urban Development for purposes of extending the tax incentives and regulatory flexibility measures provided by this Act. Specifies that State and local governments shall nominate areas for such designation. Limits the designation of enterprise zones to 75 nominated areas per year over three years (one third of which such designations shall remain in effect. Specifies that the Secretary may designate such zones only if: (1) the area is within the jurisdiction of the local government; (2) the boundary of the area is continuous; (3) the area has a population of at least 4,000 if any portion thereof is located within a standard metropolitan statistical area (with a population of at least 50,000) or 1,000 otherwise, or is within an Indian reservation; and (4) the area meets specified unemployment and poverty requirements. Requires nominating local governments, as a condition of the Secretary's designation, to agree in writing to follow a course of action which may include reducing tax rates, improving local services, simplifying or streamlining regulation of business, or receiving commitments of private entities to assist employees and residents of the area. Terminates the authority of the Secretary to designate enterprise zones on June 30, 1986, or three years after the publication of regulations pertaining to such zones, whichever is later. Describes areas to which preference shall be given in deciding to designate enterprise zones. Exempts enterprise zones from certain requirements relating to Federal environmental policy. Requires the Secretary to prepare and submit to the Congress every four years a report on the effects of such enterprise zones' designation. Requires that any property tax reduction effected by a local government under the terms of this Act be disregarded for purposes of determining the eligibility of a State or local government for Federal assistance or benefits. States that designation of an enterprise zone shall not give displaced persons from such an area any rights or benefits under the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970. Title II: Federal Income Tax Incentives - Subtitle A: Credits for Employers and Employees - Allows employers located in enterprise zones a nonrefundable income tax credit for increased employment expenditures and employment of the disadvantaged. Allows a three year carryback and 15 year carryover of such credit. Sets the amount of such credit at ten percent of the increase in payroll (taking into account a maximum of $15,000 in wages per year per employee) plus 50 percent of the wages paid to certain disadvantaged workers for the first three years of the enterprise zone designation. Phases out such credit in the last three years of the enterprise zone designation. Disallows a deduction for the portion of wages taken into account for such credit. Allows employees located in enterprise zones a nonrefundable income tax credit equal to five percent of qualified wages earned per year (taking into account a maximum of $9,000 in wages per year). Phases out such credit in the last three years of the enterprise zone designation. Subtitle B: Credits for Investment in Tangible Property in Enterprise Zones - Allows businesses an additional investment tax credit for investment in certain tangible property located in enterprise zones. Limits such credit to five percent for zone personal property and ten percent for new zone construction property, including rental property. Requires that the property subject to such credit be predominantly used in the zone, be purchased after zone designation, and not be acquired from relatives or related corporations. Requires the recapture of such credit upon early disposition of the property. Phases out such credit in the last three years of the enterprise zone designation. Subtitle C: Reduction in Capital Gain Tax Rates - Eliminates the capital gains tax on property of corporations acquired after the enterprise zone designation and used in a zone business. Qualifies certain low-income rental housing located in an enterprise zone for such treatment. Permits property to remain qualified for purposes of the revised capital gains treatment after a designation of an enterprise zone has terminated. Exempts gain from the sale or exchange of property used in a business in an enterprise zone from the computation of the minimum tax. Allows noncorporate taxpayers to deduct from gross income 100 percent of any net capital gain from qualified enterprise zone property. Subtitle D: Rules Relating to Industrial Development Bonds - Provides that limitations on the cost recovery deductions for property financed with tax-exempt industrial development bonds shall not apply to enterprise zone property. Provides that the termination of the small issue exemption shall not apply to industrial development bonds the proceeds of which are used to finance facilities in such enterprise zones. Subtitle E: Sense of the Congress with Respect to Tax Simplification - Expresses the sense of the Congress that the Internal Revenue Service should simplify the administration and enforcement of any provision of the Internal Revenue Code affected by this Act. Title III: Regulatory Flexibility - Revises the definition of "small entity" for purposes of the analysis of regulatory functions to include qualified businesses (as defined in Title II of this Act), governments, and nonprofit enterprises operating within enterprise zones. Authorizes Federal agencies, upon the request of a designating government, to waive or modify rules and regulations which pertain to the carrying out of projects or activities within an enterprise zone. Requires agencies to approve such request if the resulting benefits of job creation, community development, or economic revitalization outweigh the public interest in continuing the rule unchanged. Disallows waiver or modification of a rule that would directly violate a statutory requirement (including the Davis-Bacon Act and Fair Labor Standards Act) or which would present a danger to the public health and safety. Provides that such waivers or modifications of a rule shall remain in effect as long as the zone designations remain in effect. Amends the Department of Housing and Urban Development Act to direct the Secretary of Housing and Urban Development to promote the coordination of all enterprise zone programs and consolidate all periodic reports required under such programs into one summary report. Title IV: Establishment of Foreign-Trade Zones in Enterprise Zones - Requires the Foreign-Trade Board to consider on a priority basis, and expedite the processing of, applications for the establishment of foreign-trade zones within enterprise zones. Requires the Secretary of the Treasury to give priority to, and expedite applications for, the establishment of ports of entry necessary to establish such zones. States that to the maximum extent practicable foreign-trade zones should be established within enterprise zones.
United States · United States Congress · 8 March 1983
Authorizes appropriations for FY 1984 to carry out the provisions of the Federal Civil Defense Act of 1950. Allocates a certain portion of such authorization for personnel and administrative expenses of the States under such Act.
United States · United States Congress · 8 March 1983
Amends the Internal Revenue Code and Title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to remove the ceiling on the amount of an individual's wages and self-employment income which is subject to social security tax.
United States · United States Congress · 8 March 1983
Repeals provisions of the Internal Revenue Code relating to reporting by employers of tips in the case of certain food and beverage establishments.
United States · United States Congress · 8 March 1983
Amends the Internal Revenue Code to repeal the option to expense intangible drilling and development costs in the case of oil, gas, and geothermal wells. Repeals the percentage depletion allowance for such wells. Repeals provisions of the windfall profit tax which: (1) exempt royalty oil for 1982 and thereafter; (2) reduce the tax imposed on newly discovered oil; and (3) exempt independent producer stripper well oil.
United States · United States Congress · 8 March 1983
Individual Housing Act of 1982 - Amends the Internal Revenue Code to allow an income tax deduction for cash contributions to a savings account established for the benefit of the taxpayer (or the taxpayer and spouse if married) for the exclusive purpose of purchasing the taxpayer's first principal residence. Limits the maximum annual deduction to $3,000, with a maximum lifetime deduction of $15,000. Provides for an inflation adjustment for these limits to be calculated annually. Excludes distributions from such account from gross income if they are used exclusively for the purchase of a first principal residence. Imposes a ten percent surtax on distributions from an individual housing account which are not used for the purchase of a principal residence. Requires the trustee of an individual housing account to report on the maintenance of the account. Imposes a penalty for failure to file required reports.
United States · United States Congress · 7 March 1983
Board for International Broadcasting Authorization Act, Fiscal years 1983, 1984, and 1985 - Authorizes appropriations for the Board for International Broadcasting for FY 1983, 1984, and 1985.
United States · United States Congress · 7 March 1983
State and Local Fiscal Assistance Act of 1983 - Amends title 31 (Money and Finance) of the United States Code to revise the procedure for allocating revenue sharing funds. Directs the Secretary of the Treasury to make entitlement payments out of the State and Local Government Fiscal Assistance Trust Fund for each entitlement period to each qualifying State and unit of general local government. Makes appropriations to the Trust Fund for each entitlement period in an amount equal to four percent of the amounts received into the Treasury during the preceding fiscal year that are attributable to income taxes imposed by the Internal Revenue Code. Revises the qualification procedures for entitlement to revenue sharing funds. Sets forth a new formula for the allocation of funds among the States. Requires the Secretary to develop a representative tax system to be used in applying the revenue sharing provisions. Defines such a system as a method of determining the fiscal capacity of a government by estimating the revenue such government would raise if it applied a national uniform set of tax rates to a specified set of tax bases and collected equal per capita user fees and charges. Requires the Secretary to use any such system developed according to a specified procedure, unless both Houses of Congress pass a concurrent resolution of disapproval within 45 days. Provides that the Secretary shall allocate the funds allocated to a State so that 50 percent goes to the State government and 50 percent to units of general local government. Provides for the election by a State of a different allocation formula whereby the State government is apportioned an amount equal to the product of its revenue percentage multiplied by the amount of such funds, and the units of general local government are allocated the remainder of such funds. Revises the procedure for determining the amounts of entitlements for State governments. Provides for special entitlements to Indian tribes or Alaskan Native villages that have a recognized governing body carrying out substantial governmental duties and powers. Revises the procedure for determining the amount of funds each unit of general local government shall be entitled to receive for each entitlement period. Permits a State government to provide by law for the allocation of amounts among units of general local government (except Indian tribes or Alaskan Native villages) on the basis of population multiplied by the general tax effort factors or relative income factors of such local governments, or a combination of those factors. Raises the maximum per capita State allocation that a local government may receive from 145 percent to 175 percent. Lowers the minimum per capita State allocation that a local government may receive from 20 percent to 15 percent. Prohibits the entitlement of any unit of local government for any entitlement period from being more than 50 percent of the amount of the sum of: (1) taxes imposed by such unit; plus (2) transfers of revenue to such government from another government as a share in financing, or a reimbursement for, the carrying out of governmental duties and powers. Sets forth the procedures for congressional disapproval of the representative tax system. Revises the reporting requirements for each State and local government receiving an entitlement. Amends the Internal Revenue Code to limit the deductibility of State and local taxes on the individual income tax to amounts in excess of one percent of adjusted gross income. Makes such limitation applicable with respect to taxable years beginning after December 31, 1983.
United States · United States Congress · 7 March 1983
Amends the Tax Equity and Fiscal Responsibility Act of 1982 to repeal provisions which require the withholding of tax on interest and dividends.
United States · United States Congress · 3 March 1983
Amends the Internal Revenue Code to allow individuals who have never owned a principal residence an income tax credit for 25 percent of amounts contributed to an individual housing account. Limits the amount of such credit to $1,500 for any taxable year ($3,000 for joint returns). Requires contributions made to an individual housing account to remain in such account for at least 12 months. Sets forth requirements for the establishment of an individual housing account. Imposes penalties for distributions made from an individual housing account which are not used in connection with the purchase of a principal residence. Exempts interest earned on an individual housing account from income taxation. Requires the trustee of an individual housing account to make such reports regarding the maintenance of an individual housing account as the Secretary of the Treasury may require. Prohibits contributions to an individual housing account in excess of prescribed limits and imposes a tax on such excess contributions equal to the tax on excess contributions to an individual retirement account.
United States · United States Congress · 3 March 1983
Makes supplemental appropriations for FY 1983 to the Department of Labor for the Unemployment Trust Fund and other funds of the Employment and Training Administration.
United States · United States Congress · 3 March 1983
Department of State Authorization Act, Fiscal Years 1984 and 1985 - Authorizes appropriations for FY 1984 and 1985 for: (1) administration of foreign affairs; (2) international organizations and conferences; (3) international commissions; and (4) migration and refuge assistance and other activities. Removes the 4.5 percent yearly limitation on expense payments to the International Bureau of Intellectual Property. Authorizes appropriations to the Department of State for payment by the United States of its share of the expenses of the United Nations peacekeeping forces (currently for such forces in the Middle East). Amends the State Department Basic Authorities Act of 1956 to authorize the Secretary of State to allocate or transfer to any U.S. department, agency, or establishment funds appropriated to the Department of State for the purposes for which the funds were appropriated. Repeals specified reporting requirements imposed upon the Secretary of State.
United States · United States Congress · 3 March 1983
Constitutional Amendment - Requires the Congress to assure that the total outlays of the Government during any fiscal year (except for the repayment of debt) do not exceed an amount equal to the greater of: (1) the difference between: (a) an amount which bears the same ratio to the gross national product at the close of such fiscal year as outlays for the preceding fiscal year bear to the gross national product at the close of such preceding fiscal year; and (b) an amount equal to one percent of gross national product for such fiscal year; and (2) 20 percent of the gross national product for such fiscal year. Permits a waiver of such limitations in case of national emergency or war, but all expenditures in excess of such limitations must be approved by three-fourths of Congress.
United States · United States Congress · 3 March 1983
Declares that it is the sense of the Congress that the Federal Reserve System shall manage monetary policy to accommodate the growth in the nominal gross national product required to achieve real economic growth comparable to the average rate for the first eight quarters of previous postwar recoveries. Requires such rate to be calculated on the basis of recoveries beginning in 1954, 1958, 1961, 1971, and 1975.
United States · United States Congress · 3 March 1983
Amends the Internal Revenue Code to treat research and experimental expenses attributable to activities conducted in the United States as allocable to sources of income within the United States.
United States · United States Congress · 3 March 1983
State and Local Fiscal Assistance Amendments of 1983 - Extends the general revenue sharing program through FY 1987. Authorizes appropriations to the State and Local Government Fiscal Assistance Trust Fund to pay entitlement amounts to State and general local governments. Entitles each State government to an amount equal to any amount allocated to that government from the Trust Fund.
United States · United States Congress · 3 March 1983
Makes permanent the exemption from Federal unemployment tax of service performed on certain fishing vessels.
United States · United States Congress · 3 March 1983
Amends the Internal Revenue Code to allow married individuals filing separate income tax returns to elect to be taxed at rates applicable to unmarried individuals.
United States · United States Congress · 3 March 1983
Amends the Internal Revenue Code to allow members of the clergy to deduct expenses related to tax-exempt housing allowances.
United States · United States Congress · 3 March 1983
Repeal of Tip Reporting Act of 1983 - Repeals provisions of the Internal Revenue Code relating to the reporting by employers of tips in the case of certain food and beverage establishments.
United States · United States Congress · 3 March 1983
Amends the Internal Revenue Code to provide homebuilders with an income tax credit for the construction of residences which incorporate a passive solar energy system. Directs the Secretary of the Treasury, after consultation with the Secretaries of Energy and Housing and Urban Development, to prescribe regulations setting forth a solar construction credit table for purposes of determining the amount of the credit for which the incorporator of the solar energy system is eligible. Limits the dollar amount of such credit to $2,500. Phases out such credit in annual increments after 1988. Defines "passive solar energy system" as a system which contains a solar collection area, an absorber, a storage mass, a heat distribution method, and heat regulation devices. Requires such system to be installed in a new residence after September 30, 1983 and before January 1, 1992.
United States · United States Congress · 3 March 1983
Amends the Congressional Budget Act of 1974 to require that each congressional budget resolution fix the level of tax expenditures for the fiscal year involved as well as the recommended aggregate level of Federal revenues. Declares that such amendments shall apply with respect to fiscal years beginning after September 30, 1983.
United States · United States Congress · 3 March 1983
Renewable Energy Tax Credit Act of 1983 - Amends the Internal Revenue Code to increase from 15 percent to 25 percent the investment tax credit for solar, wind, geothermal, and ocean thermal property. Extends such credits for five years from 1985 to 1990.
United States · United States Congress · 3 March 1983
Amends the Internal Revenue Code to provide an investment tax credit for energy property used in producing methane-containing gas for fuel or electricity by anaerobic digestion from nonfossil waste materials.
United States · United States Congress · 2 March 1983
Amends the National Sea Grant College Program Act to authorize appropriations for FY 1984 through 1986. Extends authorizations of appropriations through FY 1986 for the sea grant international cooperative program.
United States · United States Congress · 2 March 1983
Amends the Internal Revenue Code to permit U.S. businesses with operations in foreign countries to treat all of their domestic research and experimental expenses as deductions against U.S. source income. (Current IRS regulations require the allocation of a portion of such expenses against foreign source income.)
United States · United States Congress · 2 March 1983
Amends the Internal Revenue Code to permit a nonitemizing taxpayer to claim an income tax deduction for expenses incurred in making repairs and improvements to his principal residence. Limits the amount of such deduction to $750 for the taxable year. Allows an income tax deduction with respect to the amortization of the adjusted basis of rental housing which is rehabilitated or restored by its owner. Bases the amortization on a period of 60 months.
United States · United States Congress · 2 March 1983
Amends the Internal Revenue Code to allow taxpayers, their spouses and dependents an unlimited income tax deduction for their medical and dental expenses. (Current law permits a deduction only for expenses in excess of five percent of adjusted gross income.) Extends such deduction to taxpayers who do not otherwise itemize deductions.
United States · United States Congress · 2 March 1983
Amends the Internal Revenue Code to treat contributions by tax-exempt civic leagues, labor, agricultural, or horticultural organizations, or business leagues to charitable organizations as contributions from publicly supported organizations, for purposes of determining whether such charitable organizations are publicly supported.
United States · United States Congress · 2 March 1983
Amends the Internal Revenue Code to exempt from the tax on unrelated business income any income received by a tax-exempt organization from the sale, exchange, or rental of names from donor lists or membership lists.
United States · United States Congress · 2 March 1983
Housing Finance Opportunity Act of 1983 - Amends the Internal Revenue Code of 1954 to permit the continued issuance of tax-exempt mortgage revenue bonds after December 31, 1983.
United States · United States Congress · 2 March 1983
Amends the Internal Revenue Code to eliminate the withholding of tax on interest.
United States · United States Congress · 2 March 1983
Amends the Internal Revenue Code to allow an unrestricted income tax deduction of amounts paid for health insurance. Allows self-employed individual taxpayers an income tax deduction for one-half of the social security tax on self-employment income. Provides for a limited income tax deduction for amounts paid by an individual for term life insurance. Extends these deductions to taxpayers who do not itemize income tax deductions.
United States · United States Congress · 2 March 1983
Amends the Internal Revenue Code to increase the excise tax on distilled spirits from $10.50 per proof gallon to $16.50 per proof gallon. Provides that the revenues from such additional tax shall be appropriated for deposit into the Federal Hospital Trust Fund under title XVIII (Medicare) of the Social Security Act.
United States · United States Congress · 2 March 1983
Amends the Internal Revenue Code to provide that the income tax deduction for medical and dental expenses shall be allowed regardless of whether such expenses exceed a specified percentage of the taxpayer's adjusted gross income. Extends such deductions to taxpayers who do not otherwise itemize their deductions.
United States · United States Congress · 2 March 1983
Amends the Internal Revenue Code to exclude from gross income interest received on the redemption of series E U.S. savings bonds if the purchasing power of such interest and the price paid for such bonds is less than the purchasing power of the price paid for such bonds.
United States · United States Congress · 2 March 1983
Amends the Internal Revenue Code to allow a $30 ($60 for joint return) refundable income tax credit to taxpayers who vote in Federal elections. Requires that the taxpayer document such voting.
United States · United States Congress · 2 March 1983
Provides that, for purposes of assessing the taxable gain of a taxpayer, the Internal Revenue Service shall treat income received by such taxpayer in the form of U.S. coins or currency as income received in the amount of the face value of such coins or currency.