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Bill· SS. 161 (101st)referred
United States · United States Congress · 25 January 1989
Amends the Internal Revenue Code to establish a fee on crude oil and refined petroleum products imported into the United States, other than oil or products purchased for export. Imposes the fee during any week following a four-week period when the average international price of crude oil has been less than $18 per barrel. Bases the fee on the difference between $18 per barrel and the average international price of a barrel of crude oil.
Bill· SS. 141 (101st)referred
United States · United States Congress · 25 January 1989
Amends the Internal Revenue Code to permit a taxpayer a nonrefundable 15 percent income tax credit for long-term health insurance costs paid for the benefit of the taxpayer, spouse, or a parent of either. Limits the annual amount of the credit to $300 ($600 if the insurance covers two or more individuals). Reduces the credit percentage as income increases above specified levels ($43,150 single; $71,900 joint). Permits a taxpayer to include as tax-deductible medical expenses any amounts incurred for the long-term health care of a nondependent parent of either the taxpayer or spouse.
Bill· SS. 234 (101st)referred
United States · United States Congress · 25 January 1989
Energy Security Incentive Act of 1989 - Amends the Internal Revenue Code to treat certain geological and geophysical costs and surface casing costs as intangible drilling and development costs that a taxpayer may elect to capitalize or to deduct for income tax purposes. Exempts oil and gas wells from the application of the net income limitation on percentage depletion. Revises the percentage depletion allowance applicable to oil and gas wells, retaining a 15 percent minimum, but increasing the percentage incrementally (to a maximum of 30 percent) as the average annual removal price falls below $20. Permits a percentage depletion income tax deduction for proven oil and gas wells that have been transferred to a new owner. Repeals provisions that tax as ordinary income any gains from dispositions of oil, gas, or geothermal wells. Establishes a marginal production income tax credit for producers who maintain economically unproductive oil wells. Applies the credit to domestic crude that is: (1) from stripper well property; (2) heavy oil; or (3) oil recovered through a tertiary recovery method. Fixes the credit at ten percent of the qualified cost (determined in accordance with a formula set forth in this Act) of each barrel produced by the producer during the tax year. Establishes a crude oil and natural gas exploration and development tax credit. Allows a ten percent credit for qualified investments exceeding $1,000,000, 20 percent for those of $1,000,000 or less. Permits the credit as an offset against both minimum tax liability and regular liability. Repeals provisions that identify intangible drilling costs as a tax preference item for purposes of determining alternative minimum tax liability and corporate preference reductions. Increases from 65 to 100 percent the taxable income limitation on the percentage depletion deduction for oil and gas property. Permits a taxpayer to elect to carry forward to the next succeeding taxable year any portion of excess depletion allowances. Extends the income tax credit for producing fuel from a nonconventional source to qualified fuels from wells or facilities in service before January 1, 1996. (The change represents a five-year extension of the credit.) Affirms natural gas found in tight sands formations as a qualified fuel with respect to the credit.
Bill· SS. 171 (101st)referred
United States · United States Congress · 25 January 1989
Entrepreneurship and Productivity Growth Act of 1989 - Title I: Capital Gains Rates - Amends the Internal Revenue Code to allow an exclusion from gross income of 50 percent of net capital gain from the sale or exchange of stock or tangible property (must be a capital asset used in the taxpayer's trade or business) that has been held for more than 12 months by a noncorporate taxpayer. Sets a maximum 14 percent tax rate with respect to such gain. Sets a 17 percent alternative tax rate with respect to corresponding capital gains of corporations. Title II: Indexing of Basis of Capital Assets - Requires indexing of the adjusted basis of capital assets, based on the gross national product deflator, in any year when the annual inflation rate exceeds four percent.
Bill· SS. 117 (101st)referred
United States · United States Congress · 25 January 1989
Amends the Internal Revenue Code to allow an income tax credit for the cost of purchasing a child restraint system for use in a motor vehicle.
Bill· SS. 163 (101st)referred
United States · United States Congress · 25 January 1989
Amends the Federal Unemployment Tax Act to exempt from State unemployment tax law coverage (providing for payments in lieu of unemployment fund contributions) any service performed in the employ of a tax-exempt private elementary or secondary school that is operated primarily for religious purposes.
Bill· SS. 206 (101st)referred
United States · United States Congress · 25 January 1989
Amends the Internal Revenue Code to treat as qualified export assets up to $7,500,000 of outstanding obligations received by a domestic international sales corporation (DISC) from members of a controlled group of which the DISC is a member. Applies this treatment with respect to tax years 1980 through 1984 of any non-commission DISC that derived over 80 percent of its gross income from sales of nonprogram agricultural products in all pre-1984 tax years.
Bill· SS. 105 (101st)referred
United States · United States Congress · 25 January 1989
Requires that the Internal Revenue Code be administered as if the three-year basis recovery rule applicable to employee annuities were still in effect. (The rule was repealed by the Tax Reform Act of 1986.)
Bill· SS. 89 (101st)referred
United States · United States Congress · 25 January 1989
Amends the Tax Reform Act of 1986 to delay until 1990 the effective date of the new nondiscrimination requirements (Internal Revenue Code section 89) for coverage and benefits under certain statutory employee benefit plans.
Bill· SS. 139 (101st)referred
United States · United States Congress · 25 January 1989
Amends the Internal Revenue Code to exclude from gross income up to $2,000, adjusted for inflation, of distributions from an individual retirement plan if: (1) the payee has attained age 59 1/2 on or before the date of distribution; and (2) the distribution is used during the taxable year to pay premiums for a long-term health care insurance policy covering necessary diagnostic, preventive, therapeutic, rehabilitative, maintenance, or personal care services for the payee or a spouse meeting the same 59 1/2 year age requirement.
Bill· SS. 182 (101st)referred
United States · United States Congress · 25 January 1989
Amends the Internal Revenue Code to require indexing, based on the gross national product deflator, of the adjusted basis of certain assets (the taxpayer's principal residence, corporate stock, or tangible property that is a capital asset of property used in a trade or business) that have been held for more than one year at the time of sale or other transfer, solely for the purpose of determining gain or loss.
Bill· SS. 178 (101st)referred
United States · United States Congress · 25 January 1989
National Violent Crime Program Authorization Act, Fiscal Year 1990 - Establishes the National Violent Crime Program for the detection, investigation, apprehension, prosecution, and incarceration of individuals involved in violent crime activity and drug trafficking. Authorizes appropriations for construction and remodeling of correctional facilities, the Office of Justice Assistance, and other prevention and law enforcement activities.
Bill· SS. 174 (101st)referred
United States · United States Congress · 25 January 1989
Cooperative Organ Transplant Contributions Act of 1989 - Amends the Internal Revenue Code to allow taxpayers to designate on their income tax returns that any portion of their income tax refund or any cash donation included with the return be paid to the National Organ Transplant Trust Fund. Establishes in the Treasury the National Organ Transplant Trust Fund to receive amounts designated on tax returns and any other cash contributions. Directs each State to establish a program through which Fund monies will be used to provide assistance in paying for organ transplantation procedures and immunosuppressive drugs for individuals who meet certain financial need requirements and who have a medical condition for which a transplant procedure is reasonably medically necessary. Prescribes conditions to govern Fund administration. Permits payment of Fund monies to a State only if the Secretary of Health and Human Services certifies that the State is properly carrying out its program and has fully accounted for previously received monies. Requires the State's chief health officer to place monies received from the Fund into a separate interest-bearing account, to be disbursed only to eligible individuals. Limits the ways in which States may use Fund monies. Requires each State to submit an annual report concerning its organ transplant program.
Bill· SS. 162 (101st)referred
United States · United States Congress · 25 January 1989
Amends the Internal Revenue Code to deny the income tax personal exemption deduction for any child who is born alive after an induced abortion and subsequently dies as a result of the abortion or related complications.
Bill· SS. 103 (101st)referred
United States · United States Congress · 25 January 1989
Tennessee Valley Authority Fiscal Responsibility and Accountability Act of 1989 - Amends the Tennessee Valley Authority Act of 1933 to limit members of the board of directors of the Tennessee Valley Authority (the Corporation) to two three-year terms. Reduces the Corporation's bond ceiling from $30,000,000,000 to $18,000,000,000. Prohibits the Federal Financing Bank from purchasing obligations issued or guaranteed by the Corporation after enactment of this Act. Requires the Corporation to pay the principal and interest on bonds on a timely basis. Amends the Inspector General Act of 1978 to establish a permanent Office of Inspector General for the Corporation. Amends the Tennessee Valley Authority Act of 1933 to make the Corporation subject to State regulation as if it were a private utility, except that a State may not interfere with the obligations of the Corporation imposed by law. Repeals the permanent authorization of appropriations for the Corporation.
Bill· SS. 140 (101st)referred
United States · United States Congress · 25 January 1989
Amends the Internal Revenue Code to allow an individual a nonrefundable income tax credit for contributions made to a long-term health care savings account established to pay the long-term health care expenses of an individual. Sets the amount of the credit at the lesser of ten percent of the contribution or $200. Includes as legitimate long-term health care expenses the costs of (or insurance premiums covering) diagnostic, preventive, therapeutic, rehabilitative, and personal care services that are: (1) required by a chronically ill or disabled individual; and (2) provided by a qualified provider (other than a family member) in a nursing facility, including hospitals and nursing homes, or in a home (if home care is a substitute for care in a nursing facility). Provides that no account may have more than one beneficiary and that no individual may be a beneficiary of more than one account. Limits annual contributions to $2,000 per account. Disallows the credit in the case of a beneficiary covered under an employee benefit plan that provides similar benefits. Identifies criteria and requirements applicable to a long-term health care savings account. Excludes from gross income any account payments and distributions used exclusively for the qualified health care expenses of the eligible beneficiary. Exempts an account from taxation unless the beneficiary or contributor engages in prohibited transactions or the beneficiary pledges the account as security. Imposes a surtax on distributions not used for long-term health care purposes. Requires the account trustee to report to the Secretary of the Treasury and to the account's beneficiary concerning the account. Imposes penalty taxes in connection with excess contributions, prohibited transactions associated with an account, and failure to comply with reporting requirements.
Bill· SS. 138 (101st)referred
United States · United States Congress · 25 January 1989
Retiree Health Protection and Long-Term Care Insurance Act of 1989 - Amends the Internal Revenue Code to add provisions relating to voluntary retiree health plans. Permits an income tax deduction for employer contributions to a qualified retiree health care trust. Limits the deduction to the difference between plan assets and 110 percent of the plan's liability at the end of a plan year. Excludes from the gross income of an individual or spouse, except under specified conditions: (1) any employer contribution under a qualified voluntary retiree health plan; or (2) receipts of any post-retirement long-term health benefit under the plan. Applies a 20 percent penalty tax to benefits that exceed a specified maximum. Prescribes plan qualification criteria. Limits plan holdings of employer securities and employer real property. Describes conditions to be met by any qualified retiree health care trust that is part of a qualified voluntary retiree health plan. Identifies criteria applicable to tax-exempt voluntary retiree health accounts established exclusively for the benefit of an individual or spouse. Excludes account distributions from the gross income of an individual as long as they are used exclusively to pay post-retirement long-term health care benefits of the eligible beneficiary. Retains the tax-exempt status of the accounts themselves unless the beneficiary-taxpayer either engages in prohibited transactions or pledges the account as security. Imposes a 20 percent surtax when benefits exceed a specified level. Sets forth minimum account distribution requirements. Requires the account trustee to report to the Secretary of the Treasury and to the account's beneficiary concerning the account. Preempts all State laws relating to health plans for former employees and their spouses. Imposes a 50 percent excise tax, with limited exceptions, on an employer who maintains a qualified plan if any distribution that is not a post-retirement long-term health care benefit is made. Exempts qualified retiree health care trusts from taxation. Imposes penalty taxes in connection with prohibited transactions associated with an account and for failure to file required reports.
Bill· SS. 41 (101st)referred
United States · United States Congress · 25 January 1989
Energy Security Tax Act of 1989 - Repeals provisions of the Internal Revenue Code that identify intangible drilling costs as a tax preference item for purposes of determining alternative minimum tax liability. Treats certain geological and geophysical costs as intangible drilling and development costs that a taxpayer may elect either to capitalize or to deduct for income tax purposes. Establishes a percentage depletion of 27.5 percent for new, enhanced, or stripper production of domestic oil and natural gas for purposes of calculating the deduction for depletion. Increases: (1) from 50 percent to 100 percent the net income limitation on percentage depletion applicable to oil and gas wells; and (2) from 65 percent to 100 percent the taxable income limitation on the percentage depletion deduction for oil and gas property. Permits a percentage depletion income tax deduction for proven oil and gas wells that have been transferred to a new owner. Establishes a three-year statute of limitations with respect to assessments of any tax deficiency in connection with underpayments of windfall profit tax resulting from good faith determinations that no return was due for a removal year. Establishes a crude oil and natural gas exploration and development tax credit as a component of the general business credit. Allows a five percent credit for qualified investments exceeding $10,000,000, ten percent for those of $10,000,000 or less. Permits the credit as an offset against the taxpayer's minimum tax liability. Terminates the credit three years after this Act's enactment.
Bill· SS. 59 (101st)referred
United States · United States Congress · 25 January 1989
Amends the Internal Revenue Code to exclude from gross income any gain realized from the sale to the lessee, on or before December 31, 1995, of land subject to a ground lease and on which the only buildings are residential.
Bill· SS. 35 (101st)referred
United States · United States Congress · 25 January 1989
Rural Enterprise Zone Act of 1989 - Title I: Designation of Rural Enterprise Zones - Amends the Internal Revenue Code to authorize the Secretary of Housing and Urban Development (Secretary) to designate rural enterprise zones for purposes of providing tax and regulatory relief and improving local services. Limits choices to areas nominated by States and local governments. Limits to 45 the total number of areas that may be designated, and the time period of the designation. Effects a designation only after the appropriate State or local government submits an inventory of the area's historic properties. Authorizes the Secretary to designate a zone only if the area meets certain locational, demographic, unemployment, and poverty criteria. Requires nominating local governments, as a condition of the Secretary's designation, to agree in writing to follow a course of action that may include reducing tax rates, improving local services, simplifying or streamlining regulation of business, and providing job training to area residents. Describes areas to which the Secretary must give preference in selecting areas for designation. Requires the Secretary to report to the Congress every three years on the effects of such enterprise zones' designation in accomplishing the purposes of this Act. Title II: Federal Income Tax Incentives - Subtitle A: Credits for Employers - Allows employers located in rural enterprise zones a ten percent income tax credit for qualified increased employment expenditures. Subtitle B: Deferrals of Gain or Loss With Respect to Investment in Tangible Property in Rural Enterprise Zones - Allows the nonrecognition of gain on the sale or exchange of rural enterprise zone property if, within one year, the taxpayer uses the proceeds to acquire rural enterprise zone property. Permits property to remain qualified for purposes of such capital gains treatment after enterprise zone designation has been terminated, in certain cases. Subtitle C: Rules Relating to Private Activity Bonds - Exempts: (1) rural enterprise zone property from limitations on the cost recovery deductions for property financed with tax-exempt bonds; and (2) bonds whose proceeds are used to finance rural enterprise facilities from termination of the small issue exemption. Requires that five percent of the private activity bond volume cap for a State that has one or more rural enterprise zones be set aside exclusively for use in these zones. Subtitle D: Sense of the Congress with Respect to Tax Simplification - Expresses the sense of the Congress that the Secretary of the Treasury should simplify the administration and enforcement of any provision of the Internal Revenue Code affected by this Act. Title III: Regulatory Flexibility - Amends Federal law to revise the definition of "small entity" for purposes of the analysis of regulatory functions to include qualified business, government, and nonprofit enterprises operating within rural enterprise zones. Authorizes Federal agencies, upon request by a designating government, to waive or modify rules and regulations pertaining to the implementation of projects or activities within an enterprise zone. Requires agencies to approve the request if the resulting benefits of job creation, community development, or economic revitalization outweigh the public interest in retaining the rule unchanged. Disallows waiver or modification of a rule that would directly violate a statutory requirement or present a danger to the public health and safety. 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 to consolidate all periodic reports required under such programs into one summary report. Title IV: Establishment of Foreign-Trade Zones in Rural Enterprise Zones - Requires the Foreign-Trade Zone Board to consider on a priority basis and to expedite the processing of applications for the establishment of foreign-trade zones within rural 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. Title V: Responsibilities of Federal Agencies in Rural Enterprise Zones - Directs each Federal agency, to the extent consistent with its primary mission, to seek to assist rural enterprise zones by appropriate means, including: (1) expedited processing; (2) priority funding; (3) program set-asides; and (4) technical assistance.
Bill· SS. 42 (101st)referred
United States · United States Congress · 25 January 1989
Domestic Petroleum Security Act of 1989 - Amends the Internal Revenue Code to impose an excise tax on the first sale within the United States of any crude oil or refined petroleum product imported into the United States. (The tax is imposed on first use if no prior tax has been imposed.) Exempts crude oil and refined petroleum products purchased for export. Sets the rate of the tax: (1) for crude oil as the difference between $18 per barrel and the average world price of crude oil per barrel; and (2) for refined petroleum products at $3 plus the crude oil tax.
Bill· SS. 28 (101st)referred
United States · United States Congress · 25 January 1989
Amends the Internal Revenue Code to revise the permitted amount of the standard deduction for a taxpayer's dependent who: (1) is either under age 19 or a student; and (2) has income and files a separate return. Makes the standard deduction equal to up to $4,000 of earned income plus a maximum of $1,000 of unearned income. (Under current law, the permitted deduction is the greater of $500 or the dependent's actual earned income up to the regular standard deduction amount for individuals.)
Bill· SJRESS.J.Res. 29 (101st)referred
United States · United States Congress · 25 January 1989
Constitutional Amendment - Prohibits, except in time of war, Federal fiscal year expenditures from exceeding: (1) Federal revenues (except those derived from borrowing) for that fiscal year; and (2) 20 percent of the gross national product for the preceding calendar year. Authorizes the Congress to suspend these prohibitions by concurrent resolution.
Bill· SJRESS.J.Res. 28 (101st)referred
United States · United States Congress · 25 January 1989
Constitutional Amendment - Prohibits Federal taxation of the interest derived from State or local government obligations issued to finance governmental activities for public purposes.
Bill· HRH.R. 634 (101st)open
United States · United States Congress · 24 January 1989
Repeals provisions of the Tax Reform Act of 1986 that establish nondiscrimination requirements for coverage and benefits under certain statutory employee benefit plans. (The consequence is the repeal of section 89 of the Internal Revenue Code.)
Bill· HRH.R. 654 (101st)open
United States · United States Congress · 24 January 1989
United States Olympic Checkoff Act - 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 and any voluntary cash contributions for use by the U.S. Olympic Committee. Establishes in the Treasury a U.S. Olympic Trust Fund to receive these amounts. Directs the Secretary of the Treasury to transfer amounts to the U.S. Olympic Committee at least quarterly.
Bill· HRH.R. 649 (101st)referred
United States · United States Congress · 24 January 1989
Amends the Internal Revenue Code to allow an income tax deduction for interest on any indebtedness incurred to pay the educational expenses, including reasonable living expenses, of the taxpayer, spouse, or dependent.
Bill· HRH.R. 642 (101st)referred
United States · United States Congress · 24 January 1989
Amends the Internal Revenue Code to exclude deductions for business expenses, interest on indebtedness, and taxes from calculations to determine the passive loss limitation in connection with rental real estate activity in which a noncorporate taxpayer actively or materially participates.
Bill· HRH.R. 630 (101st)referred
United States · United States Congress · 24 January 1989
Amends the Tax Reform Act of 1986 to redefine "qualified investor" for purposes of transitional rules in connection with limitations on passive activity losses associated with investments in low-income housing projects placed in service before August 16, 1986.
Bill· HRH.R. 624 (101st)open
United States · United States Congress · 24 January 1989
Tax Exemption Equity Act of 1989 - Amends the Internal Revenue Code to deny tax-exempt status to organizations that directly or indirectly perform or finance abortions. Denies the income, estate, and gift tax charitable contribution deductions for donations to them.
Bill· HRH.R. 615 (101st)referred
United States · United States Congress · 24 January 1989
Amends the Internal Revenue Code to place additional limitations on the deductibility by a C corporation of interest on corporate stock acquisition indebtedness, denying a deduction for such interest in excess of $5,000,000 incurred in connection with any acquisition of stock pursuant to the acquiring corporation's plan to acquire 50 percent or more (by vote or value) of the stock in a corporation.
Bill· HRH.R. 605 (101st)open
United States · United States Congress · 20 January 1989
Federal Student Loan Act - Title I: Loans for College Students - Authorizes the Secretary of Education to enter into agreements with institutions of higher education for a program of student loans. Provides for payments to such institutions during FY 1990 through 1995, for student loans to cover periods through FY 1996. Sets forth the terms of such agreements, including maximum individual and average amounts of such loans per academic year ($4,000 individual and $3,250 average for undergraduates; $5,500 individual and $4,000 average for graduate students). Provides that payments to institutions be used for the establishment and maintenance of separate Federal student loan funds for graduate and undergraduate students at such institutions. Authorizes appropriations for FY 1990 through 1995, to be available for award until the close of the succeeding fiscal year. Title II: Definitions and Other Provisions Applicable to Entire Act - Sets forth the manner of Federal administration of such program (including the appointment of advisory committees by the Secretary) and the method of payment to institutions. Authorizes appropriations for administration for FY 1990 through 1995. Title III: National Study - Directs the Secretary to study, and to report to the President and the Congress on, the extent to which the provisions of this Act can reasonably replace various other Federal grants or assistance programs.
Bill· HRH.R. 589 (101st)open
United States · United States Congress · 20 January 1989
Amends Federal law to eliminate the requirement that there be 500 or more persons regularly employed by all Federal agencies in a city or county before the Secretary of the Treasury may enter into an agreement to withhold city and county income and employment taxes from the pay of Federal employees who live or work there.
Bill· HRH.R. 601 (101st)referred
United States · United States Congress · 20 January 1989
Incurable Disease Research and Treatment Act of 1989 - Amends the Internal Revenue Code to allow individuals to direct that all or part of their income tax refunds be contributed to the Incurable Disease Research and Treatment Trust. Establishes in the Treasury the Incurable Disease Research and Treatment Trust to distribute funds to qualified nonprofit incurable disease services organizations. Appropriates to the Trust revenue equivalent to amounts designated by individual taxpayers. Prescribes standards and procedures for the distribution of Trust monies. Requires the Commission on Incurable Diseases to submit to specified congressional committees an annual report detailing Trust expenditures. Establishes the Commission on Incurable Diseases to administer the distribution of funds to qualified incurable disease services organizations on a matching grant basis. Permits a maximum award of $100,000 to any single qualified organization in any fiscal year. Requires that: (1) at least 50 percent of amounts received into the Trust in any year be paid to qualified organizations; and (2) monies in the Trust be distributed within 180 days of their receipt in the fund. Authorizes appropriations.
Bill· HRH.R. 593 (101st)referred
United States · United States Congress · 20 January 1989
Amends part D (Child Support and Establishment of Paternity) of title IV of the Social Security Act to make it explicit that the authority to withhold past-due child support from an individual's Federal tax refunds may be exercised after such child reaches the age of majority.
Bill· HRH.R. 586 (101st)referred
United States · United States Congress · 20 January 1989
Beverage Container Reuse and Recycling Act - Prohibits the sale of beer, mineral water, soda water, or carbonated soft drinks in beverage containers by retailers and distributors unless such containers carry a refund value of not less than five cents. Requires that retailers and distributors pay the refund on returned containers of brands sold by such retailers or distributors. Prohibits distributors and retailers from selling beverages in metal beverage containers with detachable openings. Preempts inconsistent State or local laws. Prohibits State and local governments from imposing any tax on the collection or return of refund values. Imposes penalties of up to $1,000 for violations.
Bill· HRH.R. 595 (101st)referred
United States · United States Congress · 20 January 1989
Repeals a provision of the Internal Revenue Code that disallows the income tax deduction of 25 percent of the health insurance costs of self-employed individuals after tax year 1989 (thus extending the deduction indefinitely).
Bill· HRH.R. 575 (101st)referred
United States · United States Congress · 20 January 1989
Amends the Internal Revenue Code to allow an individual taxpayer a refundable income tax credit, in an amount based on adjusted gross income (minimum credit of $150), for each dependent below the age of compulsory school attendance in the State where the taxpayer resides. Sets the maximum credit amount as the total employee tax withheld from the taxpayer's wages during the year under the Federal Insurance Contributions Act. Disallows application of the nonrefundable dependent care income tax credit with respect to a taxpayer's dependents under age 13, unless the child is physically or mentally incapable of self-care.
Bill· HRH.R. 580 (101st)referred
United States · United States Congress · 20 January 1989
Congressional Pay Reform Act of 1989 - Amends the Legislative Reorganization Act of 1946 to specify that pay adjustments for Members of Congress shall become effective on March 1 following the beginning of the next Congress after the Congress during which such adjustment is approved. Amends the Federal Salary Act to require the President to transmit to the Congress, within a specified time period, recommendations for rates of pay of Members of Congress and legislative and judicial employees. (Currently such recommendations are included in the Federal budget.) Prohibits the House of Representatives and the Senate from considering any bill or joint resolution carrying an appropriation for compensation of Members of Congress for any fiscal year if it carries an appropriation, or a limitation of appropriations, for any other purpose. Requires a recorded vote on such bill or resolution.
Bill· HRH.R. 506 (101st)open
United States · United States Congress · 19 January 1989
Amends the Hazardous Materials Transportation Act to authorize the Secretary of Transportation to require any person using carriers to transport hazardous materials in commerce to submit a biennial registration statement indicating such carrier's principal place of business and a complete list of all hazardous materials handled. States that persons required to file a registration statement may not transport hazardous materials through towns of specified population size unless: (1) such towns have been notified of the shipment; and (2) such towns have indicated a shipment route. Authorizes the Secretary to make grants to local jurisdictions to develop hazardous materials transportation plans. Directs the Secretary to: (1) provide training centers concerned with hazardous materials transportation incidents; and (2) make grants to States and local jurisdictions to purchase equipment to be used in handling incidents involving the transportation of hazardous materials. Amends the Internal Revenue Code to: (1) impose an excise tax upon the shipment of hazardous materials; and (2) establish in the Treasury the Hazardous Materials Trust Fund.
Bill· HRH.R. 568 (101st)referred
United States · United States Congress · 19 January 1989
Treats as timely filed a claim for a drawback of alcohol taxes by a named corporation.
Bill· HRH.R. 518 (101st)open
United States · United States Congress · 19 January 1989
Amends the Tax Reform Act of 1986 and the Technical and Miscellaneous Revenue Act of 1988 to delay until 1990 the effective date of the new nondiscrimination requirements (Internal Revenue Code section 89) for coverage and benefits under certain statutory employee benefit plans.
Bill· HRH.R. 552 (101st)referred
United States · United States Congress · 19 January 1989
Deems a Vietnam era veteran who was held as a prisoner of war to be considered a socially and economically disadvantaged individual, thus permitting such individual to be included in a target group of minorities for which the Department of Defense seeks to obligate five percent of all procurement contracts during FY 1987 through 1989. Amends the National Defense Authorization Act for Fiscal Years 1988 and 1989 to include small business concerns owned and controlled by Vietnam era veterans who were held as prisoners of war within those businesses eligible under the minority contract goal for defense procurement contract awards.
Bill· HRH.R. 519 (101st)referred
United States · United States Congress · 19 January 1989
Amends Federal law to revise the formula used, in connection with Bureau of Land Management (BLM) holdings, to determine the amount of payments the Secretary of the Interior must make to local governments in lieu of taxes, permitting a payment option equal to three-fourths of one percent of the fair market value of the entitlement land, up to the amount that would be due if the land were subject to local property tax. Directs the Secretary, not later than July 1, 1990, and at least every five years thereafter, to appraise all entitlement lands to determine fair market value. Requires indexing of per acre formulas used to determine payments in lieu of taxes with respect to both BLM and National Wildlife Refuge System lands. Amends the Refuge Revenue Sharing Act to appropriate rather than authorize the appropriation of funds to the Refuge Revenue Sharing Fund whenever receipts are less than aggregate required payments. Authorizes the Secretary of the Interior to reduce payments (based on fair market value) in lieu of taxes in connection with National Wildlife Refuge System lands if the payments exceed amounts that would be due if the land were subject to local property tax.
Bill· HRH.R. 553 (101st)open
United States · United States Congress · 19 January 1989
Deems a veteran with a service-connected disability to be considered a socially and economically disadvantaged individuals, thus permitting such individuals to be included in a target group of minorities for which the Department of Defense seeks to obligate five percent of all DOD procurement contracts during FY 1987 through 1989. Amends the National Defense Authorization Act for Fiscal Years 1988 and 1989 to include small business concerns owned and controlled by veterans with service-connected disabilities as businesses eligible for the minority contract goal for defense procurement contract awards.
Bill· HRH.R. 549 (101st)referred
United States · United States Congress · 19 January 1989
Repeals specified provisions of the Tax Reform Act of 1986 that eliminated income averaging. Amends the Internal Revenue Code to permit the use of income averaging by any person: (1) actively engaged in the trade or business of farming, including aquaculture; and (2) whose average annual gross income for the three preceding taxable years is at least 50 percent attributable to farming.
Bill· HRH.R. 547 (101st)referred
United States · United States Congress · 19 January 1989
Repeals specified provisions of the Tax Reform Act of 1986 that eliminated income averaging. Amends the Internal Revenue Code to permit the use of income averaging by any person: (1) actively engaged in the trade or business of farming; (2) whose gross income for the three preceding taxable years is at least 50 percent attributable to farming; (3) whose farming business or trade either has needed emergency livestock or crop loss assistance or has been substantially affected in the first preceding taxable year by a natural disaster in the United States or by a major disaster or emergency so designated by the President; and (4) whose farming enterprise has sustained, as a result of the disaster, at least a 30 percent loss of normal per acre or per animal production, based on specified criteria.
Bill· HRH.R. 517 (101st)referred
United States · United States Congress · 19 January 1989
Family Care Package of 1989 - Amends the Internal Revenue Code to revise the income tax personal exemption deduction, permitting a taxpayer to deduct the following amounts with respect to qualified dependents: (1) $3,000 for any child under age six; (2) $2,000 for any child between the ages of six and 19; (3) $3,000 for a person (including a spouse) mentally or physically incapable of self-care; and (4) $2,000 for any person aged 55 or older (including a spouse). Repeals the dependent care tax credit as of tax year 1990.
Bill· HRH.R. 550 (101st)referred
United States · United States Congress · 19 January 1989
Amends the Internal Revenue Code to allow an individual an income tax deduction for qualified home health care, adult day care, and respite care expenses with respect to a dependent who: (1) resides with the taxpayer; (2) suffers from Alzheimer's disease or a related organic brain disorder; and (3) is physically or mentally incapable of self-care.
Bill· HRH.R. 548 (101st)referred
United States · United States Congress · 19 January 1989
Amends the Internal Revenue Code to exempt from the required application of uniform inventory cost capitalization rules any sod and ornamental or crop-producing trees produced by the taxpayer in a farming business.
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