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Bill· HRH.R. 1512 (108th)referred
United States · United States Congress · 31 March 2003
Amends the Internal Revenue Code to provide that certain bonds issued by local governments in connection with delinquent real property taxes (delinquent tax bonds) may be treated as tax exempt. Sets forth delinquent tax bond requirements.
Bill· SS. 729 (108th)referred
United States · United States Congress · 27 March 2003
Minnesota MSA Empowerment Act of 2003 - Amends the Internal Revenue Code to allow a deduction for a Minnesota public employee, who is either receiving State of Minnesota retirement benefits or is a State of Minnesota employee, for amounts contributed to the individual's Minnesota public employee medical savings account.
Bill· SS. 727 (108th)referred
United States · United States Congress · 27 March 2003
National Coal Research, Development, and Demonstration Act of 2003 - Directs the Secretary of Energy to: (1) perform an assessment that identifies cost and performance goals of technologies permitting continued cost-competitive use of coal for electricity generation, as chemical feedstocks, and as transportation fuel in 2007, 2015, and the years after 2020; and (2) implement a technology research, development, and demonstration program to facilitate production and generation of coal-based power through methods and equipment under specified Federal law. Prescribes conditions and criteria for the authorization of appropriations for a clean coal power initiative program. Instructs the Secretary to: (1) fund coal energy generation projects that advance efficiency, environmental performance, and cost competitiveness well beyond the level of technologies in operation as of the date of enactment of this Act; and (2) award competitive, merit-based grants to universities for the establishment of Centers of Excellence for Energy Systems of the Future. Amends the Internal Revenue Code of 1986 to prescribe credits against tax for: (1) production from a qualifying clean coal technology unit; and (2) production from and for investment in a qualifying advanced clean coal technology unit. Prescribes guidelines for the treatment of persons not able to use the entire credit relating to clean coal technology.
Bill· SS. 725 (108th)open
United States · United States Congress · 27 March 2003
Tribal Transportation Program Improvement Act of 2003 - Amends the Transportation Equity Act for the 21st Century to authorize appropriations for Indian reservation roads under the Federal Lands Highways Program through FY 2009. Prohibits the Secretary of Transportation from distributing, for years after FY 2003, any amount of obligation authority made available for Indian reservation road bridges and roads. Authorizes appropriations to carry out the planning, design, engineering, construction, and inspection of certain projects concerning deficient Indian reservation road bridges. Raises from two percent to four percent the ceiling for the amount of funds made available for Indian reservation roads for each fiscal year that may be allocated to Indian tribal governments applying for transportation planning pursuant to the Indian Self-Determination and Education Assistance Act. Requires the Secretary to establish a Federal lands highway program demonstration project for Indian reservation roads and highway bridges located on Indian reservations. Requires the Secretary to carry out a program to provide to eligible Indian tribes competitive grants for use in establishing tribal transportation safety programs. Directs the Secretary of Transportation to issue grants to Indian tribes to establish rural transit programs on reservations or other land under tribal jurisdiction. Expresses the sense of Congress that: (1) the maintenance of roads on Indian reservations is a responsibility of the Bureau of Indian Affairs; and (2) Congress should provide annually to the Bureau funding necessary to carry out all maintenance of roads on Indian reservations.
Bill· SS. 735 (108th)referred
United States · United States Congress · 27 March 2003
Small Insurance Company Inflation Adjustment Act - Amends Internal Revenue Code provisions concerning tax-exempt insurance companies (other than life insurance companies) to increase from $350,000 to $575,000 (adjusted annually for inflation) the maximum amount of premiums that may be written annually by such a company in order to remain tax-exempt. Raises the maximum amount of premiums that may be written annually by an insurance company (other than a life insurance company) to qualify for an alternative tax for small companies.
Bill· HRH.R. 1482 (108th)open
United States · United States Congress · 27 March 2003
Access for Afghan Women Act of 2003 - Directs the Administrator of the U.S. Agency for International Development (USAID) to establish a fund to assist women and girls in Afghanistan in the areas of political and human rights, health care, education, training, security, and shelter. Requires the funds to support specified activities, including: (1) direct financial and programmatic assistance to the Ministry of Women's Affairs in Afghanistan to promote its strengthening and enable it to fulfill its mandate; (2) direct financial assistance to the National Human Rights Commission of Afghanistan; and (3) construction of women's educational facilities in Afghanistan. Earmarks a minimum percentage of the economic and humanitarian assistance authorized for Afghanistan for each of FY 2003 though 2005 to be made available for assistance directly to Afghan-led local nongovernmental organizations, including Afghan women-led organizations, with demonstrated experience in delivering services to Afghan women and children to support their programmatic activities and organizational development. Requires an appropriate percentage of such assistance for FY 2006 and each subsequent fiscal year to be made available to such organizations. Prescribes general requirements with respect to Afghanistan for: (1) its governance; (2) post-conflict stability; (3) training for military and police forces; and (4) relief, resettlement, and repatriation of refugees and internally displaced persons.
Bill· HRH.R. 1504 (108th)referred
United States · United States Congress · 27 March 2003
Reserve Component Tax Assistance Act of 2003 - Amends the Internal Revenue Code to allow as a business or trade deduction the expenses of a member of the reserve component of the U.S. armed forces in connection with such service. Makes such deduction available to itemizers and non-itemizers. Establishes related reserve component business-related employment and self-employment credits.
Bill· HRH.R. 1498 (108th)referred
United States · United States Congress · 27 March 2003
Small Business Opportunity and Growth Act of 2003 - Amends the Internal Revenue Code to provide that the tax imposed on the recognition of built-in gain by an S corporation shall not apply to the extent such gain is reinvested in the business.
Bill· HRH.R. 1488 (108th)referred
United States · United States Congress · 27 March 2003
Technical Workers Fairness Act of 2003 - Amends the Revenue Act of 1978, as amended by the Tax Reform Act of 1986, to repeal the prohibition on treating certain technical service providers as independent contractors.
Bill· HRH.R. 1468 (108th)referred
United States · United States Congress · 27 March 2003
Amends the Internal Revenue Code to classify natural gas distribution, storage, and transmission infrastructure assets as ten-year depreciable property.
Bill· HRH.R. 1479 (108th)referred
United States · United States Congress · 27 March 2003
Amends the Internal Revenue Code to permit a taxpayer who owns and operates a shipyard to elect to use the completed contract accounting method with respect to an qualified naval construction contract (more than 24 months in duration).
Bill· HRH.R. 1459 (108th)referred
United States · United States Congress · 27 March 2003
Save America's Valuable Energy Resources Act of 2003 - Amends the Internal Revenue Code to establish credits for: (1) qualified energy efficient improvements to existing homes; and (2) the construction of qualified new energy efficient homes. Allows a deduction for energy efficient commercial property expenditures.
Bill· HRH.R. 1490 (108th)referred
United States · United States Congress · 27 March 2003
Amends the Department of the Interior and Related Agencies Appropriations Act, 2003 (Public Law 108-7, div. F) to repeal a limitation on the portion of National Endowment for the Arts grant funds which may be made available to any single State.
Bill· HRH.R. 1466 (108th)referred
United States · United States Congress · 27 March 2003
Mobilized Reserve Family Health Care Act of 2003 - Amends the Internal Revenue Code to allow a tax credit to cover the cost of insurance coverage under TRICARE for a member (and family) of the National Guard or a reserve component of a U.S. Armed Force who has been called or ordered to active duty for a period in excess of 30 days, or for an indefinite period, during such period of duty. Permits a deduction (for both itemizers and nonitemizers), applicable to such period of duty, for insurance costs in addition to the TRICARE costs.
Bill· HRH.R. 1481 (108th)referred
United States · United States Congress · 27 March 2003
Internet Growth and Freedom Act of 2003 - Amends the Internet Tax Freedom Act to extend the moratorium on multiple or discriminatory State or local taxes on electronic commerce through November 1, 2008.
Bill· HRH.R. 1485 (108th)referred
United States · United States Congress · 27 March 2003
Mother-to-Child Transmission Plus Appropriations Act for Fiscal Year 2003 - Appropriates additional funds for FY 2003 to Columbia University's Mailman School of Public Health for its (Mother-to-Child Transmission) MTCT-Plus Initiative for the first major multi-country, family-centered AIDS treatment program for developing countries in Africa and Asia.
Bill· SS. 721 (108th)open
United States · United States Congress · 26 March 2003
Amends the Internal Revenue Code with respect to non-taxed "combat zone" compensation to: (1) include "direct transit to the combat zone" within such definition; and (2) eliminate the enlisted personnel compensation ceiling for commissioned officers. Entitles military personnel eligible for special pay for hostile fire or imminent danger for services at Guantanamo Bay Naval Station, Cuba, and in the Horn of Africa in support of Operation Enduring Freedom or any successor operation to specified tax benefits as if such services were performed in a combat zone.
Bill· SS. 713 (108th)referred
United States · United States Congress · 26 March 2003
Help for America's Uninsured Act of 2003 - Amends the Internal Revenue Code to permit an individual to designate a portion of any tax overpayment for the Health Coverage for the Uninsured Trust Fund, which shall use such funds to provide injury and catastrophic illness protection to individuals without health coverage. Establishes the Health Coverage for the Uninsured Trust Fund.
Bill· HRH.R. 1455 (108th)referred
United States · United States Congress · 26 March 2003
Amends the Robert T. Stafford Disaster Relief and Emergency Assistance Act to include within the definition of a "private nonprofit facility" that is eligible for hazard mitigation and disaster assistance a facility that provides medical services to specific occupational or industry segments of the general public and that is operated by a tax-exempt organization.
Bill· HRH.R. 1447 (108th)referred
United States · United States Congress · 26 March 2003
Ethanol and Biodiesel Promotion Act of 2003 - Amends the Internal Revenue Code to allow a tax credit equal to 50 percent (up to $50,000) of the basis of qualified vehicle refueling and business use property placed in service during the taxable year with respect to the retail sale, or business use, of E85 ethanol (any fuel at least 85 percent of which is ethanol) and neat biodiesel (diesel fuel at least 85 percent of which is produced from a non-petroleum substance). Allows a business tax credit, determined according to a specified formula, for each gasoline gallon equivalent of E85 ethanol and neat biodiesel sold at retail by the taxpayer during such year as a fuel to propel any qualified motor vehicle. Establishes a small ethanol producer credit by allowing a tax-exempt farmers' cooperative to allocate such a credit to its patrons on the basis of the quantity or value of business done with or for them for the taxable year. Extends, through December 31, 2009, the application to qualified clean-fuel vehicle refueling property for E85 ethanol of the deduction from gross income for clean-fueled vehicles and certain refueling property. Repeals the mandatory transfer into the Highway Trust Fund of amounts equivalent to the taxes on gasoline, diesel fuel, and kerosene and on certain vehicles.
Bill· HRH.R. 1450 (108th)referred
United States · United States Congress · 26 March 2003
Amends the District of Columbia Home Rule Act to permit the Council of the District of Columbia to impose a tax on the income of professional baseball players which is earned within the District of Columbia.
Bill· SS. 700 (108th)open
United States · United States Congress · 25 March 2003
Belarus Democracy Act of 2003 - Authorizes the President to support primarily indigenous Belarusian groups that are committed to the support of democratic processes in various activities that may include: (1) observation of elections and the promotion of free and fair electoral processes, including the development of democratic political parties; (2) development of independent media supported by nonstate-controlled printing facilities; (3) support of human rights; and (4) establishment of international exchanges and advanced professional training programs for leaders and members of democratic forces that foster the growth of civil society. Authorizes appropriations for each fiscal year for Voice of America and RFE/RL, Incorporated (Radio Free Europe/Radio Liberty) for radio broadcasting to the people of Belarus in languages spoken in that country. Places economic sanctions on Belarus and bars senior Belarusian leaders and their immediate relations from entering the United States. Allows sanctions to be lifted only if the Belarusian Government meets specific democratic conditions. Affirms solidarity with the democratic forces in Belarus and calls upon the Government of Belarus to permit basic freedoms and allow free, fair and transparent presidential and parliamentary elections. Calls upon the Russian Government to use its influence to encourage democratic development in Belarus so that it can become an independent state that is integrated into Europe.
Bill· SS. 698 (108th)referred
United States · United States Congress · 25 March 2003
Amends the Internal Revenue Code to provide for the treatment of the Young Men's Christian Association retirement fund as a church plan.
Bill· SS. 707 (108th)referred
United States · United States Congress · 25 March 2003
Nicaragua Property Dispute Settlement Act of 2003 - Amends the Foreign Relations Authorization Act, Fiscal Years 1994 and 1995 to declare that specified types of actions (expropriations) taken by the Government of Nicaragua between January 1, 1956, and January 9, 2002, without a timely settlement of any claim, shall not be considered in triggering a prohibition against U.S. aid to Nicaragua unless the action has been presented in writing to the Department of State not later than 120 days after a date to be specified by the Secretary of State at: (1) Department headquarters in Washington, D.C.; or (2) the U.S. Embassy to Nicaragua (in Managua).
Bill· SS. 701 (108th)referred
United States · United States Congress · 25 March 2003
Amends the Internal Revenue Code to provide additional tax incentives with respect to capital gain contributions to encourage qualified conservation, with special rules for eligible farmers and ranchers in particular.
Bill· HRH.R. 1424 (108th)referred
United States · United States Congress · 25 March 2003
American Samoa Possession Tax Credit Act of 2003 - Amends Internal Revenue Code provisions to extend the possession tax credit, with respect to American Samoa, until December 31, 2015.
Bill· HRH.R. 1419 (108th)referred
United States · United States Congress · 25 March 2003
Seniors' Family Business Enhancement Act - Amends the Internal Revenue Code to provide an individual with a one-time exclusion from gross income for the sale or exchange of a qualified interest in a closely held business if: (1) the individual has attained the age of 62 before the date of the sale or exchange; (2) the adjusted gross income of the individual for the tax year in which such sale or exchange occurs does not exceed $1 million (determined without regard to such sale or exchange); and (3) the individual so elects.
Bill· HRH.R. 1421 (108th)referred
United States · United States Congress · 25 March 2003
Tribal Government Tax-Exempt Bond Fairness Act of 2003 - Amends the Internal Revenue Code to permit the issuance of tax-exempt bonds by an Indian tribal government if: (1) at least 95 percent of the net proceeds are used to finance facilities on an Indian reservation; or (2) the obligation is part of an issue substantially all of whose proceeds are to be used in the exercise of an essential government function. Excludes an obligation used to finance a gaming facility. Amends the Securities Act of 1933 to exempt obligations issued by an Indian tribal government or subdivision from registration requirements.
Bill· HRH.R. 1436 (108th)referred
United States · United States Congress · 25 March 2003
Energy Independence and Security Act of 2003 - Amends the Internal Revenue Code to establish credits for: (1) residential solar energy property; (2) energy efficiency improvements to existing homes; (3) alternative motor vehicles credit; (4) production from qualifying advanced clean coal technology; and (5) producing oil and gas from marginal wells. Extends and expands the credit for electricity produced from renewable resources. Extends and modifies the credit for producing fuel from a nonconventional source. Provides for: (1) the treatment of natural gas gathering lines as 7-year property; (2) the temporary suspension of the limitation based on 65 percent of taxable income and the extension of suspension of taxable income limit with respect to marginal production; (3) the election to expense geological and geophysical expenditures for oil and gas wells; (4) a five-year net operating loss carryback for losses attributable to operating mineral interests of oil and gas producers.
Bill· HRH.R. 1426 (108th)referred
United States · United States Congress · 25 March 2003
Amends the Internal Revenue Code to allow a deduction for ground rent paid on land on which a qualified residence of a taxpayer is located and which is Indian-owned or allotted land, or is land within a dependent Indian community.
Bill· SS. 697 (108th)referred
United States · United States Congress · 24 March 2003
Amends the Internal Revenue Code to exclude stock options and employee stock purchase plans from the definition of wages for purposes of employment taxes.
Bill· SS. 696 (108th)referred
United States · United States Congress · 24 March 2003
Amends the Internal Revenue Code to allow a tax credit for marginal domestic oil and natural gas well production during any taxable year in the amount of $3 per barrel of qualified crude oil production and 50 cents per 1,000 cubic feet of qualified natural gas production, reduced, but not below zero, as oil and gas prices increase. States that the limitation to the general business credit, based on the amount of tax, shall not be reduced by the amount of the marginal oil and gas well credit. Allows both geological and geophysical expenditures on domestic oil and gas exploration and development and delay rental payments, at the taxpayer's election, to be deducted from gross income at the time incurred.
Bill· SS. 695 (108th)referred
United States · United States Congress · 24 March 2003
Teacher Tax Relief Act of 2003 - Amends the Internal Revenue Code to increase from $250 to $500 the maximum above-the-line deduction allowed for classroom supply expenses incurred by elementary and secondary school teachers, effective after December 31, 2002. Expands such deduction to include qualified professional development expenses.
Bill· SS. 689 (108th)referred
United States · United States Congress · 21 March 2003
Truth in Budgeting and Social Security Protection Act of 2003 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to extend discretionary spending caps and pay-as-you-go (PAYGO) requirements. Amends the Congressional Budget Act of 1974 (CBA) to require: (1) proposed legislation to contain a projection by the Congressional Budget Office (CBO) of the cost of debt servicing for measures; (2) conference reports to contain amounts allocated to the Committee on Appropriations subcommittees; and (3) the CBO to report on proposed legislation or conference reports by any committee that contain cost riders that are likely to increase the cost path of a measure. Requires the President to report to specified congressional committees in January of each year on the fiscal exposures of the Federal Government and their implications for long-term financial health. Federal Insurance Budgeting Act of 2003 - Requires that, starting FY 2008, the President's budget submitted to Congress be based upon the risk-assumed cost of Federal insurance programs for accrual budgeting purposes. Amends cost requirements of Federal insurance programs. Requires agencies that are responsible for Federal insurance programs to develop models to estimate their risk-assumed cost by year. Amends CBA to revise the Federal and congressional budget processes by establishing a two-year budgeting and appropriations cycle and timetable. Defines the budget biennium as the two consecutive fiscal years beginning on October 1 of any odd-numbered year. Establishes and defines the duties of the Commission on Federal Budget Concepts.
Bill· SS. 685 (108th)referred
United States · United States Congress · 21 March 2003
Low Income Taxpayer Protection Act of 2003 - Amends the Internal Revenue Code to: (1) require the registration of income tax preparers, including tax refund anticipation loan providers, and subjects unregistered preparers and providers to a $500 per incident violation fine; (2) provide for improved taxpayer services, including, improved electronic filing services, tele-filing, terminating the debt indicator program, assisting low-income taxpayers in receiving direct deposits from the U.S. Treasury, and establishing pilot mobile tax return offices; (3) provide for demonstration grants to eligible entities (federally insured depository institutions, State agencies, Indian tribal organizations, labor organizations, and etc.) to provide tax preparation services and assistance along with establishing an account in a federally insured depository institution for individuals not having such an account; and (4) provide grants for matching funds for the development, expansion, or continuation of qualified tax preparation clinics for low-income tax payers.
Bill· SS. 680 (108th)referred
United States · United States Congress · 20 March 2003
Amends the Internal Revenue Code to set forth a rule for determining the amount of the deduction allowable for charitable book inventory contributions for educational purposes.
Bill· SS. 675 (108th)referred
United States · United States Congress · 20 March 2003
Expresses the sense of the Congress that it is necessary to ensure that the Congress is presented with reliable information from the Congressional Budget Office (CBO) and the Joint Committee on Taxation as to the dynamic macroeconomic feedback effects to changes in Federal law and the probable behavioral responses of taxpayers, businesses, and other parties to such changes. Requires the Joint Committee and CBO to prepare fiscal estimates of each proposed change in Federal revenue law on the basis of assumptions that estimate the probable behavioral responses of personal and business taxpayers and other relevant entities to such change and its dynamic macroeconomic feedback effects. Applies such requirement only to proposed changes that, pursuant to static fiscal estimates, have a fiscal impact exceeding $275 million in any fiscal year.
Resolution· SRESS.Res. 96 (108th)referred
United States · United States Congress · 20 March 2003
Resolution to Expand Access to Community Health Centers (REACH) Initiative - Expresses the sense of the Senate that appropriations for consolidated health centers under the Public Health Service Act should be increased by 100 percent over the five fiscal years ending in FY 2006 in order to double the number of individuals who receive health care services at community, migrant, homeless, and public housing health centers.
Bill· HRH.R. 1398 (108th)referred
United States · United States Congress · 20 March 2003
Achieving Our IDEA Act of 2003 - Amends the Individuals with Disabilities Education Act (IDEA) to authorize and make appropriations for: (1) each of FY 2004 through 2009 in specified amounts; and (2) each subsequent fiscal year, in amounts necessary to fully fund 40 percent of the average per pupil expenditure for IDEA part B programs of assistance for education of all children with disabilities.
Bill· HRH.R. 1374 (108th)referred
United States · United States Congress · 20 March 2003
Selected Reserve Educational Assistance Improvement Act - Increases, for months occurring during FY 2004 and thereafter, the rates of basic educational assistance for members of the Selected Reserve. Prohibits any rate increase during FY 2004 and 2005 based on adjustments to the Consumer Price Index. Directs the Secretary of Defense, with respect to fiscal years beginning on or after October 1, 2004, to increase such rates by an amount equal to the percentage increase in educational costs at institutions of higher learning.
Bill· HRH.R. 1393 (108th)referred
United States · United States Congress · 20 March 2003
Armed Forces Tax Fairness and Justice Act of 2003 - Includes Israel in the geographic area encompassed by the applicability of benefits afforded as a result of the January, 2003 Operational Deployment Order issued by the President with respect to U.S. personnel participating in Operation Enduring Freedom.
Bill· HRH.R. 1383 (108th)referred
United States · United States Congress · 20 March 2003
Revises Internal Revenue Code provisions concerning distributions by cooperative housing corporations to provide that: (1) no gain or loss shall be recognized to a cooperative housing corporation on the distribution by such corporation of a dwelling unit to a stockholder in such corporation if such distribution is in exchange for the stockholder's stock in such corporation; and (2) no gain or loss shall be recognized to a stockholder of such corporation on the transfer of such stockholder's stock in an exchange described in clause (1). Provides for determining the basis of a dwelling unit.
Bill· HRH.R. 1380 (108th)referred
United States · United States Congress · 20 March 2003
Travel Related Industries Protection Act of 2003 - Amends the Internal Revenue Code to suspend, for two years, the excise tax aviation fuel.
Bill· SS. 664 (108th)referred
United States · United States Congress · 19 March 2003
Investment in America Act of 2003 - Amends the Internal Revenue Code to make permanent the credit for increasing research activities. Increases the alternative incremental credit rates. Provides an alternative credit for qualified research expenses.
Bill· SS. 669 (108th)referred
United States · United States Congress · 19 March 2003
Child Support Distribution Act of 2003 - Amends title IV part D (Child Support and Establishment of Paternity) of the Social Security Act (SSA) to revise requirements for: (1) denial of assistance to families that do not assign certain support rights to the State; and (2) the distribution of child support collected by States on behalf of children receiving certain welfare benefits. Reduces from $5,000 to $2,500 the amount of child support arrearage which shall trigger denial of a passport. Revises requirements for the use of the tax refund intercept program to collect past-due child support on behalf of non-minor children. Prohibits garnishment of certain compensation for a service-connected disability paid to a former member of the Armed Forces for: (1) alimony; or (2) child support less than 60 days in arrears. Permits no more than 50 percent of such compensation to be garnished to pay for such child support. Provides for mandatory review and adjustment of child support orders for families receiving TANF. Requires the Secretary to disclose new hire information to a State to assist in the administration of unemployment compensation programs. Provides for a payment rate increase to States for short term training of staff of State-licensed or State-approved child welfare agencies providing services.
Bill· SS. 661 (108th)referred
United States · United States Congress · 19 March 2003
Commuter Benefits Equity Act of 2003 - Amends the Internal Revenue Code to increase (to $190) and equalize the transportation and parking fringe benefits exclusion. Provides equal benefits to Federal employees.
Bill· SS. 666 (108th)open
United States · United States Congress · 19 March 2003
Biological, Chemical, and Radiological Weapons Countermeasures Research Act - Amends the Homeland Security Act of 2002 to add a new title, Title 18: Biological, Chemical, and Radiological Countermeasures Research, which may be cited as the Biological, Chemical, and Radiological Weapons Countermeasures Research Act of 2003. Directs the Secretary of Homeland Security to make available to manufacturers of terror weapons countermeasures, and to publish, a list of materials that may be used as weapons of mass destruction (WMD). Directs the Secretary to revise the list on at least an annual basis. Requires the Secretary to determine countermeasures that diagnose, treat, or prevent infection from biological agents or toxins (countermeasures) for each item on the list. Requires private sector entities that are engaged in certain research to register with the Department of Homeland Security if they wish to benefit from various tax, patent, procurement, liability limitations, and other incentives established under this Act. Classifies such research as: (1) countermeasures; (2) equipment to detect a terrorist attack carried out with a terror weapon (detection equipment); (3) diagnostics to detect, identify, or analyze biological agents or toxins (diagnostics); and (4) research tools used in the laboratory (research tools) that enable the rapid and effective development of countermeasures. Establishes in the Treasury of the United States a "Terror Weapon Countermeasure Purchase Fund (TWCPF)" to purchase, and provide adequate payment for, countermeasures, detection equipment, diagnostics, and research tools. Extends market exclusivity for new drugs that are countermeasures. Authorizes the Director of the National Institutes of Health (NIH) to award partnership challenge grants to promote joint ventures between NIH, its grantees, and for-profit biotechnology, pharmaceutical, and medical device industries for the development of countermeasures and research tools.
Bill· SS. 665 (108th)referred
United States · United States Congress · 19 March 2003
Tax Empowerment and Relief for Farmers and Fishermen (TERFF) Act - Amends the Internal Revenue Code to: (1) allow certain commercial farming and fishing businesses a tax deduction for cash contributions (up to 20 percent of taxable income) to a Farm, Fishing, and Ranch Risk Management Account (FFARRM Account); (2) exempt agricultural bonds from private activity bond volume caps; (3) allow individuals a tax deduction for charitable contributions of food (currently restricted to C corporations); (4) extend income averaging to fishermen (currently allowed for farmers) and exclude income averaging for farmers and fishermen from the computation of the alternative minimum tax; (5) modify cooperative marketing rules to include value-added processing involving animals; (6) permit farmer cooperatives to seek declaratory judgments with respect to their tax-exempt status; and (7) allow the allocation of the small ethanol tax credit amounts to patrons of tax-exempt cooperatives. Amends the Code and title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to exclude certain rental income and conservation reserve program payments from the self-employment tax. Provides that dividends on the capital stock or other proprietary capital interests of tax-exempt cooperatives shall not reduce the net earnings of such cooperatives. Modifies involuntary conversion rules to extend from two to four years the replacement period for livestock sold due to drought, flood, or other weather-related conditions.
Law· HRH.R. 1367 (108th)enacted
United States · United States Congress · 19 March 2003
National Veterinary Medical Services Act - Amends the National Agricultural Research, Extension, and Teaching Policy Act of 1977 to direct the Secretary of Agriculture to provide educational loan repayment and related tax liability assistance to veterinary students who agree to practice in veterinary shortage situations.
Bill· HRH.R. 1352 (108th)referred
United States · United States Congress · 19 March 2003
Biomedical Research Assistance Voluntary Option Act - Amends the Internal Revenue Code to allow a taxpayer to designate any income tax overpayment to be used for biomedical research conducted through the National Institutes of Health.
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