Taxation

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

751 records in US in 1983

Records

Bill· HRH.R. 1803 (98th)referred

A bill to amend the Internal Revenue Code of 1954 to allow certain lifetime residents of residential retirement facilities a deduction for their proportionate share of the real property taxes imposed on such facilities.

United States · United States Congress · 2 March 1983

Amends the Internal Revenue Code to allow certain lifetime residents of residential retirement facilities an income tax deduction for their proportionate share of the real property taxes imposed on such facilities.

Bill· HRH.R. 1836 (98th)referred

A bill to amend the Internal Revenue Code of 1954 to allow estates required to file estate tax returns before July 13, 1978, the date on which regulations under section 2032A of such Code were proposed, to elect the valuation of certain farm and other real property under section 2032A of such Code within ninety days after the enactment of the amendments to such Code proposed by this bill.

United States · United States Congress · 2 March 1983

Amends the Internal Revenue Code to allow estates required to file estate tax returns before July 13, 1978, to elect the special use valuation of certain farm and small business property within 90 days after the date of the enactment of this Act. Applies the provisions of this Act to estates of decedents dying after December 31, 1976.

Bill· HRH.R. 1770 (98th)referred

Flat Tax Act of 1983

United States · United States Congress · 2 March 1983

Flat Tax Act of 1983 - Amends the Internal Revenue Code to repeal the income tax tables. Provides for a flat income tax rate of 14 percent for all individuals, estates, and trusts. Repeals all special tax deductions, credits, and exclusions from income for individuals. Increases to $2,000 the personal tax exemption.

Bill· HRH.R. 1775 (98th)referred

Renewable Energy Tax Credit Act of 1983

United States · United States Congress · 2 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.

Bill· HRH.R. 1756 (98th)referred

A bill to amend the Internal Revenue Code of 1954 to allow a deduction to individuals who rent their principal residences for a portion of the real property taxes paid or accrued by their landlords.

United States · United States Congress · 2 March 1983

Amends the Internal Revenue Code to allow individual taxpayers who rent their principal residences an income tax deduction for their proportionate share of the real property taxes paid by their landlords.

Resolution· HRESH.Res. 113 (98th)passed

A resolution providing for the consideration of the bill (H.R. 1718) making appropriations to provide emergency expenditures to meet neglected urgent needs, to protect and add to the national wealth, resulting in not make-work but productive jobs for women and men and to help provide for the indigent and homeless for the fiscal year 1983, and for other purposes.

United States · United States Congress · 2 March 1983

Sets forth the rule for the consideration of H.R. 1718 (employment and social services appropriations).

Resolution· HRESH.Res. 120 (98th)referred

A resolution that it is the sense of the House to recognize the need for attention to the rate of increase in federal spending and to urge the Committee on Budget of the House of Representatives to use as their base of deliberations figures "frozen" at the previous fiscal year's budget levels.

United States · United States Congress · 2 March 1983

Expresses the sense of the House to recognize the need for attention to the rate of increase in Federal spending and to urge the Committee on the Budget to use figures frozen at the previous fiscal year's budget levels, and not the traditional current services basis.

Bill· SS. 634 (98th)open

Community Assistance and Revitalization Act of 1983

United States · United States Congress · 1 March 1983

Community Assistance and Revitalization Act of 1983 - Title I: Designation of Revitalization Areas - Amends the Internal Revenue Code to provide for the designation of revitalization areas by the Secretary of Housing and Urban Development for purposes of extending the tax incentive measures provided by this Act. Specifies that State and local governments shall nominate areas for such designation. Limits to 20 years the period during which such designations shall remain in effect. Authorizes the Secretary to make such designations during the period beginning on January 1, 1984, and ending on December 31, 1993. Limits the number of areas which may be designated before 1989. Requires the Secretary to report to the Congress every four years concerning areas which have been so designated. 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 2,500 otherwise, or is within an Indian reservation; (4) the area meets specified unemployment and poverty requirements; and (5) the area comprises at least one square mile. Requires nominating local governments, as a condition of the Secretary's designation, to develop a revitalization area development plan. Sets forth the requirements of such development plans. Describes areas to which preference shall be given in deciding to designate revitalization areas. Requires the Secretary to promote the coordination of all Federal housing, community and economic development, banking, financial assistance, and employment training programs which are carried on within the revitalization area. Requires the head of each Federal department or agency which distributes Federal funds or awards Federal contracts for the purpose of furthering job training to give preferences to such revitalization agencies. Title II: Tax Incentives - Subtitle A: Definition of Revitalization Area Business - Defines a "revitalization area business" as any person: (1) which is actively engaged in the conduct of a trade or business during the taxable year; and (2) which has at least 50 percent of gross receipts attributable to a trade or business which produces goods, or provides services, within a revitalization area. Provides that existing businesses shall not be treated as revitalization area businesses unless the average number of full-time employees is at least ten percent greater than the number of such employees during the taxable year preceding designation of the revitalization area. Subtitle B: Incentives for Employee Ownership - Allows an income tax credit for employee ownership of revitalization area businesses. Provides rules for the calculation of such income tax credit. Limits the amount of such income tax credit to $50,000. Allows the nonrecognition of gain from the sale or exchange of stock in a revitalization area business to: (1) an employee stock ownership plan or a tax credit employee stock ownership plan which invests primarily in stock issued by such revitalization area business (if specified requirements are met); or (2) such revitalization area business if such business is a producer cooperative. Subtitle C: Incentives for Investments in Revitalization Areas - Allows the rollover of gain on the sale of property where such gain is reinvested in specified revitalization area business property within a specified period of time. Allows an investment tax credit for certain low income rental housing. Allows a limited investment tax credit for establishment of an entrepreneurial development center. Subtitle D: Incentives for Revitalization Area Businesses - Allows employers an income tax credit based on the aggregate wages paid to newly-hired qualified employees. Limits the amount of wages which may be taken into account per employee by specified percentages over the first four years of employment. Allows an income tax deduction for a percentage of income from any revitalized business or from any loan or financing made to such a business. Bases the percentage of such income tax deduction on the number of new qualified employees hired by such business. Specifies that a taxpayer electing to take such income tax deduction may not also take the income tax credit for wages paid to newly-hired employees. Allows a business expense income tax deduction for the purchase of small revitalization area business stock or debentures. Limits the maximum amount deductible to $10,000 ($20,000 in the case of a joint return). Requires the taxpayer to reduce the basis of such stock or debentures by the amount of the deduction taken. Establishes a minimum holding period of three years for such stock or debentures. Amends the Small Business Act to require that at least $50 million of the funds authorized by such Act shall be made available for direct loan obligations to small business concerns located in revitalization areas. Subtitle E: Expansion of Targeted Jobs Credit - Increases the amount of wages which may be taken into account for the targeted jobs income tax credit from $6,000 to $10,000. Repeals the termination date for such income tax credit. Title III: General Stock Ownership Provisions - Sets forth procedures for establishing, in a revitalization area, a General Stock Ownership Corporation (GSOC). Requires the local government having jurisdiction over the revitalization area to hold an election to select at least five individuals to serve as the revitalization area GSOC planning board. Sets forth administrative procedures and qualifications for candidacy for such election. Requires such planning board to determine, within one year after the designation of a revitalization area, whether establishment of an area GSOC would be in the best interests of the area. Requires the planning board, if it decides affirmatively, to formulate a plan for creating an area GSOC that will meet the needs of the area and to submit the plan to the Governor of the State. Authorizes the legislature or Governor to charter a revitalization area GSOC within 90 days after the plan is submitted if the legislature or Governor find that specified conditions have been met. Provides that the revitalization area GSOC planning board shall serve as the initial board of directors of the area GSOC. Sets forth requirements for the terms of office of board members and specifies the responsibilities of the board. Requires a board of directors, within 90 days after the charter is issued, to propose a business plan for the area which specifies the objectives of the area GSOC, the type of investments the area GSOC may make, and the manner in which the area GSOC proposes to develop the area. Defines a "revitalization area GSOC" as a GSOC charted by the State under this Act, authorized by its charter to acquire and develop real estate within the revitalization area, and which has a charter providing: (1) that its shares shall only be issued directly to eligible area residents on an equal basis; (2) that each share of stock shall have full voting rights; (3) that no stock shall be transferred except by will or inheritance; (4) that at least 40 percent of all employees of the GSOC must be qualified employees; and (5) that the board of directors must authorize the issuance of as many shares of GSOC stock as necessary to assure that each eligible area resident receives stock on an equal basis. Provides that contributions made to an area GSOC shall qualify as charitable contributions. Provides that only 50 percent of the gain realized from the sale or exchange of any property to an area GSOC shall be recognized. Title IV: Employee Stock Ownership Provisions - Increases from 25 to 50 percent the amount that may be deducted from income tax for contributions paid into an employee stock ownership plan which are applied to the repayment of the principal of a loan used to acquire the employer's stock. Allows an employer an income tax deduction for cash dividends paid on shares of his stock provided specified conditions are met. Permits a taxpayer to deduct a contribution to a tax credit employee stock ownership plan or an employee stock ownership plan as a charitable contribution provided specified conditions are met. Title V: Energy Provisions - Increases the qualified energy conservation expenditure, for purposes of calculating the residential energy credit, from 15 percent to 40 percent of the energy conservation expenditures made during taxable years ending after 1983. Extends the residential energy credit for dwelling units in revitalization areas indefinitely beyond its current expiration date of December 31, 1984. Increases the investment tax credit for energy property to 30 percent for a revitalization area business which invests in energy property between January 1, 1984, and December 31, 2002.

Law· HRH.R. 1723 (98th)enacted

An act to authorize appropriations through fiscal year 1986 for the Great Dismal Swamp, Minnesota Valley, and San Francisco Bay National Wildlife Refuges.

United States · United States Congress · 1 March 1983

Extends the authorization of appropriations from FY 1983 through 1986 for: (1) the Great Dismal Swamp National Wildlife Refuge, in Virginia and North Carolina; (2) the Minnesota Valley National Wildlife Refuge, Minnesota; (3) the Sailors' Snug Harbor National Wildlife Refuge, New York; and (4) the San Francisco Bay National Wildlife Refuge, California.

Bill· HRH.R. 1735 (98th)open

Community Assistance and Revitalization Act of 1983

United States · United States Congress · 1 March 1983

Community Assistance and Revitalization Act of 1983 - Title I: Designation of Revitalization Areas - Amends the Internal Revenue Code to provide for the designation of revitalization areas by the Secretary of Housing and Urban Development for purposes of extending the tax incentive measures provided by this Act. Specifies that State and local governments shall nominate areas for such designation. Limits to 20 years the period during which such designations shall remain in effect. Authorizes the Secretary to make such designations during the period beginning on January 1, 1984 and ending on December 31, 1993. Limits the number of areas which may be designated before 1989. Requires the Secretary to report to the Congress every four years concerning areas which have been so designated. 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 2,500 otherwise, or is within an Indian reservation; (4) the area meets specified unemployment and poverty requirements; and (5) the area comprises at least one square mile. Requires nominating local governments, as a condition of the Secretary's designation, to develop a revitalization area development plan. Sets forth the requirements of such development plans. Describes areas to which preference shall be given in deciding to designate revitalization areas. Requires the Secretary to promote the coordination of all Federal housing, community and economic development, banking, financial assistance, and employment training programs which are carried on within the revitalization area. Requires the head of each Federal department or agency which distributes Federal funds or awards Federal contracts for the purpose of futhering job training to give preferences to such revitalization agencies. Title II: Tax Incentives - Subtitle A: Definition of Revitalization Area Business - Defines a "revitalization area business" as any person: (1) which is actively engaged in the conduct of a trade or business during the taxable year; (2) which has at least 50 percent of gross receipts attributable to a trade or business which produces goods, or provides services, within a revitalization area. Provides that existing businesses shall not be treated as a revitalization area business unless the average number of full-time employees is at least ten percent greater than the number of such employees during the taxable year preceding designation of the revitalization area. Subtitle B: Incentives for Employee Ownership - Allows an income tax credit for employee ownership of revitalization area businesses. Provides rules for the calculation of such income tax credit. Limits the amount of such income tax credit to $50,000. Allows the nonrecognition of gain from the sale or exchange of stock in a revitalization area business to: (1) an employee stock ownership plan or a tax credit employee stock ownership plan which invests primarily in stock issued by such revitalization area business (if specified requirements are met); or (2) such revitalization area business if such business is a producer cooperative. Subtitle C: Incentives for Investments in Revitalization Areas - Allows the rollover of gain on the sale of property where such gain is reinvested in specified revitalization area business property within a specified period of time. Allows an investment tax credit for certain low income rental housing. Allows a limited investment tax credit for establishment of an entrepreneurial development center. Subtitle D: Incentives for Revitalization Area Businesses - Allows employers an income tax credit based on the aggregate wages paid to newly-hired qualified employees. Limits the amount of wages which may be taken into account per employee by specified percentages over the first four years of employment. Allows a business expense income tax deduction for the purchase of small revitalization area business stock or debentures. Limits the maximum amount deductible to $10,000 ($20,000 in the case of a joint return). Requires the taxpayer to reduce the basis of such stock or debentures by the amount of the deduction taken. Establishes a minimum holding period of three years for such stock or debentures. Amends the Small Business Act to require that at least $50 million of the funds authorized by such Act shall be made available for direct loan obligations to small business concerns located in revitalization areas. Subtitle E: Expansion of Targeted Jobs Credit - Increases the amount of wages which may be taken into account for purposes of the targeted jobs income tax credit from $6,000 to $10,000. Repeals the termination date for such income tax credit. Title III: General Stock Ownership Provisions - Sets forth procedures for establishing, in a revitalization area, a General Stock Ownership Corporation (GSOC). Requires the local government having jurisdiction over the revitalization area to hold an election to select at least five individuals to serve as the revitalization area GSOC planning board. Sets forth administrative procedures and qualifications for candidacy for such election. Requires such planning board to determine, within one year after the designation of a revitalization area, whether establishment of an area GSOC would be in the best interests of the area. Requires the planning board, if it decides affirmatively, to formulate a plan for creating an area GSOC that will meet the needs of the area and to submit the plan to the Governor of the State. Authorizes the legislature or Governor to charter a revitalization area GSOC within 90 days after the plan is submitted if the legislature or Governor find that specified conditions have been met. Provides that the revitalization area GSOC planning board shall serve as the initial board of directors of the area GSOC. Sets forth requirements for the terms of office of board members and specifies the responsibilities of the board. Requires a board of directors, within 90 days after the charter is issued, to propose a business plan for the area which specifies the objectives of the area GSOC, the type of investments the area GSOC may make, and the manner in which the area GSOC proposes to develop the area. Defines a "revitalization area GSOC" as a GSOC charted by the State under this Act, authorized by its charter to acquire and develop real estate within the revitalization area, and which has a charter providing: (1) that its shares shall only be issued directly to eligible area residents on an equal basis; (2) that each share of stock shall have full voting rights; (3) that no stock shall be transferred except by will or inheritance; (4) that at least 40 percent of all employees of the GSOC must be qualified employees; and (5) that the board of directors must authorize the issuance of as many shares of GSOC stock as necessary to assure that each eligible area resident receives stock on an equal basis. Provides that contributions made to an area GSOC shall qualify as charitable contributions. Provides that only 50 percent of the gain realized from the sale or exchange of any property to an area GSOC shall be recognized. Title IV: Employee Stock Ownership Provisions - Increases from 25 to 50 percent the amount that may be deducted from income tax for contributions paid into an employee stock ownership plan which are applied to the repayment of the principal of a loan used to acquire the employer's stock. Allows an employer an income tax deduction for cash dividends paid on shares of his stock provided specified conditions are met. Permits a taxpayer to deduct a contribution to a tax credit employee stock ownership plan or an employee stock ownership plan as a charitable contribution provided specified conditions are met. Title V: Energy Provisions - Increases the qualified energy conservation expenditures, for purposes of calculating the residential energy credit, from 15 percent to 40 percent of the energy conservation expenditures made during taxable years ending after 1983. Extends the residential energy credit for dwelling units in revitalization areas indefinitely beyond its current expiration date of December 31, 1984. Increases the investment tax credit for energy property to 30 percent for a revitalization area business which invests in energy property between January 1, 1984, and December 31, 2002.

Bill· HRH.R. 1725 (98th)open

A bill to repeal the withholding of tax from interest and dividends.

United States · United States Congress · 1 March 1983

Amends the Tax Equity and Fiscal Responsibility Act of 1982 to repeal the provisions which require the withholding of tax on interest and dividends.

Bill· HRH.R. 1729 (98th)referred

A bill to amend the Internal Revenue Code of 1954 to impose a temporary tax of $2 a barrel on imported petroleum products and to use the proceeds of such tax for purposes of reducing the public debt of the United States.

United States · United States Congress · 1 March 1983

Amends the Internal Revenue Code to impose a temporary excise tax of $2 per barrel on imported petroleum products. Terminates such tax on March 31, 1984. Requires that funds raised by such tax be used to reduce the public debt.

Bill· HRH.R. 1730 (98th)referred

Educational Opportunity and Equity Act of 1983

United States · United States Congress · 1 March 1983

Educational Opportunity and Equity Act of 1983 - Amends the Internal Revenue Code to allow an income tax credit for 50 percent of the tuition paid to an elementary or secondary educational institution for any dependents who have not attained the age of 20. Limits such credit to: (1) $100 in 1983; (2) $200 in 1984; and (3) $300 in 1985 and thereafter. Phases out such credit for families with adjusted gross incomes between $40,000 and $60,000 per year. Makes ineligible for such credit families with an adjusted gross income in excess of $60,000 per year. Disallows such credit for tuition paid to schools found to maintain racially discriminatory policies. Requires all educational institutions which receive tuition payments for which such credit is taken to file with the Secretary of the Treasury a statement, subject to the penalties for perjury, declaring that the institution does not follow a racially discriminatory policy. Requires a taxpayer claiming such credit to attach a copy of such statement to the income tax return. Authorizes the Attorney General, upon the filing a petition alleging racial discrimination, to bring an action for declaratory judgment against an educational institution to determine whether the institution has followed a racially discriminatory policy.

Bill· SS. 616 (98th)open

Renewable Energy Small Business Development Act of 1983

United States · United States Congress · 28 February 1983

Renewable Energy Small Business Development Act of 1983 - Amends the Internal Revenue Code to extend the investment tax credit for renewable energy property from 1985 to 1990. Increases such credit for solar, wind, and geothermal property. Amends the Export-Import Bank Act of 1945 to require that not less than 12 percent of the loan authority of the Export-Import Bank shall be made available only to businesses with $25,000,000 or less in previous-year sales. Requires that a portion of such loan authority be made available for transactions involving renewable energy. Amends the Public Utility Regulatory Policies Act of 1978 to specify rules for the rates for purchase by electric utilities of electric energy from any qualifying cogeneration facility or qualifying small power production facility. Amends a specified reorganization plan to require the Department of Commerce to provide export assistance to businesses involving renewable energy. Amends the Small Business Innovation Act of 1982 to require that renewable energy and energy conservation businesses receive a reasonable portion of the Department of Energy's small business research and development funds.

Bill· HRH.R. 1707 (98th)passed

A bill to amend the Independent Safety Board Act of 1974 to authorize appropriations for fiscal years 1984, 1985, and 1986, and for other purposes.

United States · United States Congress · 28 February 1983

Amends the Independent Safety Board Act of 1974 to authorize appropriations for the National Transportation Safety Board for FY 1984 through 1986.

Bill· HRH.R. 1691 (98th)referred

A bill to repeal the provisions of the Tax Equity and Fiscal Responsibility Act of 1982 which require employer reporting with respect to tips.

United States · United States Congress · 25 February 1983

Amends the Tax Equity and Fiscal Responsibility Act of 1982 to repeal the employer reporting requirements with respect to tips.

Bill· SS. 591 (98th)open