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Subjects · United States

Taxation

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

716 records in US in 1978

Records

Bill· HRH.R. 10543 (95th)referred

A bill to amend the Internal Revenue Code of 1954 to allow a deduction of not more than 1,500 dollars for amounts paid or incurred for maintaining a household a member of which is a dependent of the taxpayer who has attained the age of 65.

United States · United States Congress · 25 January 1978

Amends the Internal Revenue Code to allow a deduction of up to $1,500 for household expenses to any taxpayer who maintains a household in which a dependent aged 65 or over resides.

Bill· HRH.R. 10519 (95th)referred

A bill to amend the Internal Revenue Code of 1954 to simplify tax preparation by allowing individuals whose income consists solely of employee compensation and interest to elect to have the Internal Revenue Service compute their income tax liability, and for other purposes.

United States · United States Congress · 24 January 1978

Amends the Internal Revenue Code to allow individuals whose income consists solely of employee compensation and interest to elect to have the Internal Revenue Service compute their income tax liability.

Bill· HRH.R. 10490 (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 · 23 January 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. 10480 (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 · 23 January 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. 10479 (95th)referred

A bill to amend the Internal Revenue Code of 1954 to allow a charitable deduction for certain crops furnished by farmers to certain tax-exempt organizations.

United States · United States Congress · 23 January 1978

Amends the Internal Revenue Code to allow farmers an income tax deduction for the wholesale market value of crops which are not economically feasible for harvesting and are harvested and donated for charitable organizations for use in the organizations' charitable work.

Bill· SS. 2393 (95th)referred

A bill to amend the Internal Revenue Code of 1954.

United States · United States Congress · 19 January 1978

Amends the Internal Revenue Code to provide that specified liabilities assumed by a corporation upon the transfer of property to the corporation by a controlling shareholder shall not result in gain to the shareholder even though the liabilities exceed the shareholder's basis in the property transferred.

Bill· SS. 2388 (95th)referred

A bill to amend the Internal Revenue Code of 1954 to provide for the exclusion from gross income of certain employer educational assistance programs.

United States · United States Congress · 19 January 1978

Amends the Internal Revenue Code to exclude from the gross income of an employee, amounts paid or expenses incurred by the employer for educational assistance to the employee. Limits to 25 percent the amount of payments which may be made by such programs to shareholders or owners (or their spouses or dependents), each of whom owns more than five percent of the stock or of the capital or profits interest in the employer.

Bill· HRH.R. 10445 (95th)referred

A bill to amend the Internal Revenue Code of 1954 to allow a tax credit for certain contributions of literary, musical, or artistic compositions.

United States · United States Congress · 19 January 1978

Amends the Internal Revenue Code to allow a limited credit against the income tax for contributions of the taxpayer's literary, musical or artistic compositions to certain tax exempt organizations. Limits the credit allowed for any one year to the amount of tax on past gross income attributable to the sale of such compositions. Disallows any credit for letters, memoranda, or similar property relating to the duties of any governmental office held by the taxpayer when they were composed. Limits the credit taken in any taxable year to the greater of $2,500 or 50 percent of the taxpayer's income tax liability for the year. Disallows a credit to the extent that the total value of contribution exceeds $35,000. Allows a five-year carry-over of any credit disallowed by the previous two limitations. Requires that the donee certify to the taxpayer that the contribution is material of literary, artistic or musical significance and its use will be related to the purpose upon which the donee's tax exempt status is based.

Bill· HRH.R. 10429 (95th)referred

A bill to modify the restrictions contained in section 170(e) of the Internal Revenue Code in the case of certain contributions of literary, musical, or artistic composition, or similar property.

United States · United States Congress · 19 January 1978

Amends the Internal Revenue Code to allow a deduction for the current fair market value charitable contributions of literary, musical or artistic compositions created by the taxpayer, without any reduction for appreciation.

Bill· HRH.R. 10428 (95th)referred

Tuition Tax Credit Act

United States · United States Congress · 19 January 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 $250 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· HRH.R. 10424 (95th)referred

Estate and Gift Tax Amendments Act

United States · United States Congress · 19 January 1978

Estate and Gift Tax Amendments Act - Increases the minimum value for carryover basis property, over a five-year period, to $175,000 (i.e. the same amount or the estate tax exemption equivilant). Integrates the basis adjustment for State death taxes attributable to appreciation with the adjustment for Federal taxes by providing a single computation. Applies the "fresh start" carryover basis adjustment for determining losses as well as gains on pre-1777 property. Allows the taxpayer to make this adjustment with the property's actual December 31, 1976 value instead of applying the formula previously applicable to non-securities. Provides that adjustments to carryover basis for gift taxes shall be at marginal rates. Allows a basis adjustment for State gift taxes.

Bill· HRH.R. 10443 (95th)referred

A bill to amend the Internal Revenue Code of 1954 to provide that the 4-percent excise tax on the net investment income of a private foundation shall not apply to a private foundation organized and operated exclusively as a library, museum, or similar educational institution.

United States · United States Congress · 19 January 1978

Amends the Internal Revenue Code to provide that the excise tax on the investment income of tax exempt foundations shall not apply to any private foundation organized and operated exclusively as a library, museum or similar educational institution, and which is not directly or indirectly controlled by substantial contributors or their families.

Bill· HRH.R. 10439 (95th)referred

A bill to amend the Internal Revenue Code of 1954 to provide individuals a refundable credit against income tax for maintaining a household a member of which is an individual who has attained the age of 65.

United States · United States Congress · 19 January 1978

Amends the Internal Revenue Code to allow a refundable tax credit in an amount of $250 for each individual who is at least 65 years of age before the beginning of the taxable year, whose principal place of abode during the taxable year is the principal residence of the taxpayer, and who is not a lodger with the taxpayer.

Bill· HRH.R. 10435 (95th)referred

A bill to amend title 4 of the United States Code to restrict the authority of any State or political subdivision to impose any income tax on any compensation paid to any individual who is not a domiciliary or resident of such State or political subdivision.

United States · United States Congress · 19 January 1978

Prohibits any State or political subdivision thereof, including the District of Columbia, from treating as taxable income any compensation paid by any employer to any individual who is not a resident or domiciliary of such State or political subdivision.

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