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801 records in US in 1973
United States · United States Congress · 11 January 1973
Provides, under the Internal Revenue Code, that in the case of an employer with 50 or fewer employees, old-age, survivors, and disability insurance, and Federal income tax withholding payments shall not be required more than one time. (Adds 26 U.S.C. 6302(d))
United States · United States Congress · 11 January 1973
Includes as a tax exempt organization, for purposes of the Internal Revenue Code, any foundation, trust, fund, or organization, all of the assets and income of which are irrevocably dedicated to the upkeep, care, and maintenance of cemetery lots and premises. (Amends 26 U.S.C. 501(c)(4))
United States · United States Congress · 11 January 1973
Allows an income tax deduction under the Internal Revenue Code for social security taxes paid by employees and by the self-employed.
United States · United States Congress · 11 January 1973
Allows a tax credit or refund under the Internal Revenue Code of 1954 in the case of tread rubber for which a tax was paid and which is: (1) destroyed, scrapped, wasted, or rendered useless in the recapping or retreading process; (2) used in the recapping or retreading of tires the sale of which is later adjusted pursuant to a warranty or guaranty, in which case the overpayment shall be in proportion to the adjustment in the sales price; or (3) used in the recapping or retreading of a tire, if such tire is by any person exported, used or sold for use as supplies for vessels or aircraft, sold to a State or local government, or sold to a nonprofit educational organization for its exclusive use. Provides that a tax payment on tread rubber used in further manufacturing shall be considered an overpayment if the rubber is sold, in connection with any other article produced, to a State or local government, nonprofit educational organization or used for supplies for vessels or aircraft. Requires the credit or refund, in the case of a new tire the sale of which is later adjusted as the result of a warranty or guaranty, to be in proportion to the adjustment in the sales price of such tire. (Amends 26 U.S.C. 6416(b))
United States · United States Congress · 11 January 1973
Allows an income tax credit under the Internal Revenue Code to a claimant who is domiciled in the United States and 62 years of age for a taxable year for the property taxes accrued or 25 percent of the gross rent actually paid by a household solely for its right of occupancy for such taxable year, or both. Sets forth a table of claims allowed under the provisions of this Act, based on household income and taxes paid. Directs the Secretary of the Treasury to make available suitable forms with instructions for claimants, including a form which may be included with or a part of the lindividual income tax form. Allows any person aggrieved by the denial in whole or in part of relief to appeal such denial to the Tax Court by filing a petition with such court within 30 days after such denial. (Adds 26 U.S.C. 1601-1605)
United States · United States Congress · 11 January 1973
Provides for a distribution deduction under the Internal Revenue Code, in the case of specified cemetary perpetual care fund trusts. (Amends 26 U.S.C. 642(i)
United States · United States Congress · 11 January 1973
Authorizes the apportionment of funds for the National System of Interstate and Defense Highways for fiscal years 1974 and 1975, based on the factors contained in table 5, House Committee Print numbered 92-29.
United States · United States Congress · 11 January 1973
Provides, under title II (Old-Age, Survivors, and Disability Insurance) of the Social Security Act and the Internal Revenue Code, that any individual who has attained age sixty-five may elect to treat services performed by him as noncovered (and exempt from tax) for social security purposes. (Amends 42 U.S.C. 410; and 26 U.S.C. 1402, 3121, 6413)
United States · United States Congress · 11 January 1973
Allows a tax deduction, under the Internal Revenue Code of 1954, to tenants of houses or apartments for their proportionate share of the taxes and interest paid by their landlords. (Amends 26 U.S.C. 218)
United States · United States Congress · 11 January 1973
Permits a refund under the Internal Revenue Code of 1954 of the manufacturers excise tax on tires, tubes, and tread rubber used by local transit systems furnishing commuter service. (Adds 26 U.S.C. 6428)
United States · United States Congress · 11 January 1973
Provides, under the Internal Revenue Code, that no tax shall be imposed on the use of any aircraft by a person who holds a certificate as an agricultural aircraft operator if such aircraft is equipped for agricultural operation and if such person uses it primarily for such agricultural operation. Provides that, for purposes of the refund of the tax on gasoline used for farming purposes and the refund of tax on fuels not used for a taxable purpose, if the use of any liquid as a fuel on a farm for farming purposes is in an aircraft and by an aerial applicator who was the actual ultimate purchaser thereof, and the owner, tenant, or operator of the farm has waived in writing his right to any payment, credit, or refund with respect to such liquid, then such aerial applicator shall be treated as the operator of the farm with respect to such liquid.
United States · United States Congress · 11 January 1973
Allows a tax deduction under the Internal Revenue Code, to tenants of houses or apartments for their proportionate share of the taxes and interest paid by their landlord. (Amends 26 U.S.C. 218)
United States · United States Congress · 11 January 1973
Public and Private Education Assistance Act - Title I: Payments to States for Public Elementary and Secondary Education - Authorizes and directs the Secretary of Health, Education and Welfare to make available to the States funds from the Public Education Trust Fund established by this Act for the use by the States for expenditures to equalize public education within each State. Designates the Secretary as the trustee of the Public Education Trust Fund. Authorizes appropriations for deposit in the Fund of $2,250,000,000 for the fiscal year beginning July 1, 1973, and $2,250,000,000 for each fiscal year thereafter. Requires the Secretary to report to the Congress annually on the operation and status of the Fund during the preceding fiscal year. Provides for standards which the States must establish in order to qualify for payments under this title. Provides that no person in the United States shall on the ground of race, color, national origin, or sex be excluded from participation in, be denied the benefits of, or be subjected to discrimination under any program or activity funded in whole or in part with funds made available under this title. Title II: Credit Against the Individual Income Tax for Tuition Paid for the Elementary or Secondary Education of Dependents - Allows as a credit under the Internal Revenue Code of 1954 the amount paid by an individual to any private non-profit elementary or secondary school during the taxable year for a dependent's education according to the following limitations: (1) 100 percent of such tuition, or (2) $200, whichever is the lesser. Defines the terms used in this title. Provides that the provisions of this Act shall apply to taxable years beginning after December 31, 1972.
United States · United States Congress · 11 January 1973
Excludes from gross income under the Internal Revenue Code, the first $750 of interest received on deposits in thrift institutions. (Amends 26 U.S.C. 123)
United States · United States Congress · 11 January 1973
Authorizes to be appropriated for fiscal year 1973 out of any money in the Treasury not otherwise appropriated: (1) $25,000,000 for grants for private program assistance in establishing new State medical schools; and (2) $50,000,000 to medical schools affiliated with the Veterans' Administration and to various institutions to train health personnel, and for the expansion of Veterans' Administration hospital education and training capacity. Provides that such amounts shall remain available until the end of fiscal year 1979.
United States · United States Congress · 11 January 1973
Provides that no State or political subdivision thereof shall have the power to impose an income tax on the income or to establish the rate of taxation on the income of any individual: (1) who is a nonresident of the State which exceeds 50 percent of the tax which would be collected by such State with respect to the income of an individual who is a resident; or (2) who is a resident of the State except to the extent such tax exceeds any tax paid on such income to the State in which the income was earned or derived.
United States · United States Congress · 11 January 1973
Provides that ministers shall be treated as self-employed individuals for the purposes of qualified pension, profit-sharing, and stock bonus plans under the Internal Revenue Code. (Amends 26 U.S.C. 401(c)(1))
United States · United States Congress · 11 January 1973
Creates in the House of Representatives a select joint committee composed of 5 Members of the House and 5 Senators to conduct an investigation and study into methods of significantly simplifying Federal income tax return forms. Directs such committee to report to each House of the Congress specific proposals to expedite the filing of income tax forms by individual taxpayers. Requires the Comptroller General and the Secretary of the Treasury to each submit to the committee their recommendations with respect to simplification of Federal income tax return forms. Requires the committee to report to the Congress the results of its study, together with such proposals as it deems advisable, not later than the latest date that such proposal may be implemented for taxable years ending in 1973.
United States · United States Congress · 11 January 1973
Directs the House Ways and Means Committee and the Senate Finance Committee to hold hearings on each tax preference contained in the Internal Revenue Code to ascertain: (1) if such preferences are or are not designed to further a socially desirable goal; (2) for those preferences designed to further socially desirable goals, whether or not the present law best implements such goals; (3) if such preferences are consistent with the overriding goal of equitably treating all taxpayers; and (4) if such preferences or consistent with the revenue requirements of the Federal Government. Provides that, upon completion of the abovementioned hearings and review, the House Ways and Means Committee and the Senate Finance Committee will report to the floors of the House and Senate, respectively, comprehensive legislation to reform, recodify, and simplify the Federal income, estate, and gift tax laws.
United States · United States Congress · 9 January 1973
Interstate Sales and Use Tax Act - Title I: Jurisdiction to Tax - Establishes uniform jurisdictional standards for the imposition of that a State can not impose a sales tax or a use tax on a person with respect to the interstate sale of tangible personal property for delivery in such State unless the person has a business location within the State, regularly solicits orders by salesmen, solicitors or representatives (unless such activity consists solely of solicitation by direct mail or advertising via newspapers, radio or television), or regularly engages in the delivery of property in the State other than by common carrier or United States mail. Provides that a sale in interstate commerce can only be taxed by one State. Title II: Uniform Rules for Application of Tax - Provides that a sale in interstate commerce can only be taxed by one State. Exempts from the tax the reasonable transportation cost of property into the State and in the case of new residents of a State, it exempts from the tax, household goods or automobiles purchased in another State and used in that State for 90 days. Provides that a strictly local sales or use tax may not be imposed by a political subdivision of a State unless the seller has a business location in the jurisdiction where the property is to be delivered or unless the seller makes regular deliveries into that jurisdiction other than by common carrier or U.S. mail. Provides that any uniform system of State-administered local taxes would be treated as State taxes for the purpose of this Act. Title III: Definitions and Miscellaneous Provisions - Authorizes contiguous States to enter into reciprocal agreements whereby a seller with a business location in one State could be required by that State to collect its sister's sales or use tax for personal property sold in the sister State. Makes this agreement applicable to the seller even though he would not otherwise be liable under this Act for the sister State's tax. Provides the various definitions needed to interpret this Act. Prohibits geographical discrimination and out-of-State audit charges. Sets forth the liability with respect to unassessed taxes.
United States · United States Congress · 9 January 1973
Provides, under the Internal Revenue Code, that if gasoline which contains cereal grain alcohol and which contains no lead is sold by a dealer or other person to an ultimate purchaser for use as a fuel in a highway vehicle, the Secretary of the Treasury or his delegate shall pay to the dealer or other person making the sale an amount equal to 2 cents a gallon for each gallon of gasoline sold. States that no payment shall be made under this Act unless such tax reduction is passed on to the consumer. (Adds 26 U.S.C. 6428)
United States · United States Congress · 9 January 1973
Allows a tax credit against the income tax of the individual who invests in certain economically lagging regions. Limits the amount of such tax credit to the lesser of: 20 percent of the value of certain structural and mechanical property which the taxpayer has located in designated underdeveloped areas and which the Secretary of Commerce has certified; or $5,000,000. Specifies that the credit allowed to a taxpayer for a taxable year may never exceed 50 percent of that taxpayer's tax liability which remains after certain other tax credits have been deducted from the total tax imposed on him for such taxable year. Allows for the carryback or carryover of credit amounts which exceed the limit for one taxable year to other taxable years. Sets forth guidelines to be followed by the Secretary in certifying property. Provides that the Secretary may not certify property unless: (1) such property is located in certain underdeveloped areas which are not metropolitan areas having a population over 300,000; consists of plant or structure or machinery or equipment located at a plant or structure; and has a useful life of 3 years or more in certain businesses; (2) there is a market condition with sufficient national or regional demand to meet additional expansion; (3) the property will not be placed in service in connection with the relocation of an existing plant or facility; and (4) such property will be in compliance with Federal, State and local laws on pollution. Limits the Secretary's power to certify property to certain portions of the property which will be devoted to such purposes as construction, erection or acquisition.
United States · United States Congress · 9 January 1973
Allows an income tax exclusion under the Internal Revenue Code for retirement benefits received under a public retirement system. (Amends 26 U.S.C. 124)
United States · United States Congress · 9 January 1973
Provides under the Internal Revenue Code of 1954 that retired individuals having annual gross income of $10,000 or less will not have to file Federal income tax returns. (Adds 26 U.S.C. 6012 (d))
United States · United States Congress · 9 January 1973
Increases, from $25,000 to $100,000 the exemption from corporate income tax for small businesses under the Internal Revenue Code. (Amends 26 U.S.C. 11)
United States · United States Congress · 9 January 1973
Provides, under the Internal Revenue Code, that in the case of an employer with 50 or fewer employees, old-age, survivors, and disability insurance, and Federal income tax withholding payments shall not be required more than one time. (Adds 26 U.S.C. 6302 (d))
United States · United States Congress · 9 January 1973
Exempts wages of seasonal employees from the withholding tax under the Internal Revenue Code. (Adds 26 U.S.C. 3401(a)(17))
United States · United States Congress · 9 January 1973
Extends to all unmarried individuals the same tax treatment of income splitting now utilized by married individuals filing joint returns under the Internal Revenue Code. Directs the Secretary of the Treasury to prescribe and publish tables reflecting the amendments made by this Act which shall apply in lieu of the tables set forth in the Internal Revenue Code with respect to wages paid on or after the first day of the first month which begins more than 20 days after the date of the enactment of this Act.
United States · United States Congress · 9 January 1973
Provides that the income derived from the operation of foreign ships and aircraft shall not be exempt from taxation under the Internal Revenue Code if a substantial part of the ownership and/or control of such ship, or ships, is vested in a citizen of the United States, or any partner, affiliate, or subsidiary of such citizen, and if such ship, or ships, regularly serves a port or ports of the United States, and if a substantial portion of the gross income of such ship, or ships, is derived from commerce of the United States. (Amends 26 U.S.C. 883)
United States · United States Congress · 9 January 1973
Allows a credit against taxes imposed by the Internal Revenue Code of 1954 based upon the amount of property taxes or rent constituting property taxes accrued for a taxable year by claimants filing a claim under this Act who are domiciled in the United States and 65 years of age or over during the entire taxable year preceding the year in which such claim is filed. Defines the terms used in this Act. Requires claimants under this Act to supply reasonable proof of age, rent paid, property taxes accrued, changes of homestead, household membership, household income, size, and nature of property claimed as the homestead. Permits any person aggrieved by the denial of relief claimed under this Act to appeal such denial to the U.S. Tax Court. (Adds 26 U.S.C. 1601-1605)
United States · United States Congress · 9 January 1973
Provides, under the Internal Revenue Code, that gross income does not include any amounts received by an individual in the taxable year as a pension, annuity, or other benefit under a public retirement system, or any amounts received by an individual who is age 65 or over as a pension, annuity, or other retirement benefit under any other retirement plan, program, or system, to the extent that the aggregate of such amounts does not exceed $5,000.
United States · United States Congress · 9 January 1973
Provides under the Internal Revenue Code of 1954, that the personal exemption allowed a taxpayer for a dependent shall be available without regard to the dependent's income in the case of a dependent who is over 65. (Adds 151 (e) (1) (C)).
United States · United States Congress · 9 January 1973
Provides that the first $5,000 received as a civil service retirement annuity from the United States or any agency thereof shall be excluded from gross income. (Amends 26 U.S.C. 121)
United States · United States Congress · 9 January 1973
Allows a tax credit under the Internal Revenue Code for State and local real property taxes paid in an equivalent portion to the rent paid on their residences by individuals who have attained the age of 62. Provides that where an individual has attained the age of 62 there shall be allowed as a credit the amount of real property taxes paid which were imposed by a State or political subdivision on property owned and used by him as a principal residence or rent constituting such taxes as defined by the Internal Revenue Code. Allows payment by the U.S. Treasury to taxpayers, to the extent of the difference between the credit and amount of such real property taxes, where tax imposed is less than real property taxes. Provides that the total credit payment for any taxable year shall not exceed $450 (or $225 in case of a single return). Reduces the amount of the credit allowed by the amount that the taxpayer's income exceeds $7,500 (or $3,725 in the case of a married person filing a separate return). Directs that the credit be applied collectively in cases of joint ownership. Provides that where the joint return of the husband or wife is filed the age requirement is met if either person is 62 or older. Apportions the credit allowed to cover only that part of a residence actually used by the taxpayer or that part of a farm not in excess of 40 acres. Provides that an individual who is a tenant-stockholder in a cooperative housing corporation shall be treated as owning the house or apartment which he occupies and such person shall be treated as having paid real property taxes equal to the deduction allowable which represents the taxes paid by such cooperation. Provides that such credit shall be allowed in direct proportion to taxes actually paid on a particular residence where during the taxable year here has been a change in residence. Provides that the term "rent constituting propery taxes" means an amount equal to 25 percent of the rent paid during a taxable year by the taxpayer for the right to occupy his dwelling (exclusive of charges for utilities, services and furnishings). Reduces the amount of real property taxes paid by an individual by the amount of any refund given on such taxes. Provides that there shall be no assessment of interest charges where there has been an underpayment of taxes of an individual if the amount due is paid within 60 days after the taxpayer receives a refund of real property taxes which caused the under payment. Specifies that deductions for State and local real property taxes shall not be affectd by the credit allowed.
United States · United States Congress · 9 January 1973
Expresses the sense of the Congress that New York City should not impose any income tax upon persons who do not reside in such city but who commute there in order to work.
United States · United States Congress · 6 January 1973
Allows an income tax deduction under the Internal Revenue Code equal to taxable year to persons employed by the taxpayer to provide household help in and around the taxpayer's home. (Amends 26 U.S.C. 218)
United States · United States Congress · 6 January 1973
Extends the head of household benefits under the Internal Revenue Code to unremarried widows and widowers; and individuals who have attained age 35 and who have never been married or who have been separated or divorced for 1 year or more, who maintain their own households. (Amends 26 USC 1 (b) (2))
United States · United States Congress · 6 January 1973
Entitles retired members of the uniformed services to have their retired pay recomputed on the basis of rates of basic pay that are now or may hereafter be authorized for uniformed services personnel in an active duty status. Requires that such members have retired prior to June 1, 1958, and have had their retired pay computed on laws enacted on or after October 1, 1949.
United States · United States Congress · 6 January 1973
Interstate Sales and Use Tax Act - Title I: Jurisdiction to Tax - Establishes uniform jurisdictional standards for the imposition of sales and use taxes on interstate sales. Provides that a State can not impose a sales tax or a use tax on a person with respect to the interstate sale of tangible personal property for delivery in such State unless the person has a business location within the State, regularly solicits orders by salesmen, solicitors or representatives (unless such activity consists solely of solicitation by direct mail or advertising via newspapers, radio or television), or regularly engages in the delivery of property in the State other than by common carrier or United States mail. Provides that a sale in interstate commerce can only be taxed by one State. Title II: Uniform Rules For Application of Tax - Provides that a sale in interstate commerce can only be taxed by one State. Exempts from the tax the reasonable transportation cost of property into the State and in the case of new residents of a State, it exempts from the tax, household goods or automobiles purchased in another State and used in that State for 90 days. Provides that a strictly local sales or use tax may not be imposed by a political subdivision of a State unless the seller has a business location in the jurisdiction where the property is to be delivered or unless the seller makes regular deliveries into that jurisdiction other than by common carrier or U. S. mail. Provides that any uniform system of State-administered local taxes would be treated as State taxes for the purpose of this Act. Title III: Definitions and Miscellaneous Provisions - Authorizes contiguous States to enter into reciprocal agreements whereby a seller with a business location in one State could be required by that State to collect its sister's sales or use tax for personal property sold in the sister State. Makes this agreement applicable to the seller even though he would not otherwise be liable under this Act for the State's tax. Prohibits geographical discrimination and out-of-State audit charges. Sets forth the liability with respect to unassessed taxes.
United States · United States Congress · 6 January 1973
Allows an income tax deduction, not to exceed $600 per taxable year, under the Internal Revenue Code for contributions to the support of an aged parent or divorced mother who is not gainfully employed and has attained age 65. (Amends 26 U.S.C. 218)
United States · United States Congress · 6 January 1973
Provides that under the Internal Revenue Code the tax on unrelated business income shall not apply to nonprofit social clubs, domestic fraternal societies, and veterans organizations. (Amends 26 U.S.C. 6033, 511, 512)
United States · United States Congress · 6 January 1973
Human Investment Act - Allows an income tax credit for employee training expenses equal to 10 percent of the employee training expenses which does not exceed $25,000 plus fifty percent of the liability for the tax which exceeds $25,000. Defines employee training expenses as wages and salaries of apprentices, employees enrolled in on-the-job training programs, and employees who are participating in certain cooperative educational programs. Excludes from gross income the various tuition, course fees, and home study course fees under an employee training program paid on behalf of a taxpayer for the taxable year.
United States · United States Congress · 6 January 1973
Provides for the establishment of a Commission on Federal Taxation to design a comprehensive improvement of the Federal tax structure in order to insure equitable treatment of all taxpayers. Specifies that the Commission will be bipartisan, with the President, the President pro tempore of the Senate and the Speaker of the House each appointing 8 members. Grants compensation to the members of the Commission and allows the Commission to appoint a staff. Includes as a duty of the Commission the study and investigation of the Federal tax laws, their administration and effect upon taxpayers and the economy. Directs the Commission to report its findings and recommendations to Congress. Stipulates that the Commission's study include a review of various general policy problems, various items of the tax structure, and tax treatment of various types of organizations. Empowers the Commission to hold hearings.
United States · United States Congress · 6 January 1973
Provides for an exemption under the Internal Revenue Code of 1954 of tank truck hoses and couplings sold by dealers in industrial equipment and supplies from the manufacturers excise tax on truck parts. Defines the terms used in this Act.
United States · United States Congress · 6 January 1973
Provides that the fiscal year of the United States shall coincide with the calendar year, and makes provisions for the orderly transition by all Federal Government and District of Columbia agencies to the use of the new fiscal year.
United States · United States Congress · 4 January 1973
Provides that for purposes of the estate tax imposed under the Internal Revenue Code of 1954 the value of the taxable estate shall be determined by deducting from the value of the gross estate the lesser of: (1) $200,000, or (2) the value of the decedent's interest in a family farming operation continually owned by him or his spouse during the five years prior to the date of his death and which passes or has passed to an individual or individuals related to him or his spouse. States that the difference between the tax actually paid under this Act on the transfer of the estate and the tax which would have been paid on that transfer had the interest in a family farming operation not given rise to a deduction shall be a deficiency in the payment of the tax assessed on that estate unless for at least five years after the decedent's death: (1) the interest which gave rise to the deduction is retained by the individual or individuals to whom such interest passed, and (2) the individual or any of the individuals to whom the interest passed resides on such farm, and (3) such farm continues to qualify as a family farming operation.
United States · United States Congress · 4 January 1973
Excludes from gross income, under the Internal Revenue Code, pay for service performed in the Republic of Korea, including the adjacent waters and the demilitarized zone. Provides that military service performed in the Republic of Korea shall be considered as service performed in a combat zone in which combatant activities are carried on. (Adds 26 U.S.C. 112(d))
United States · United States Congress · 3 January 1973
Provides, under the Internal Revenue Code, that no State or political subdivision shall have the power to impose for any taxable year ending after the date of the enactment of this Act an income tax on the income or to establish the rate of taxation on the income of any individual: (1) which was earned or derived during any period while the individual was not domiciled in the State except to the extent the income was earned from sources within the State; or (2) which was earned or derived from sources without the State during any period while the individual was domiciled in the State except to the extent the tax exceeds any income tax paid on such income to the State in which the income was earned or derived.
United States · United States Congress · 3 January 1973
Extends to all unmarried individuals the full tax benefits of income splitting now enjoyed by married individuals filing joint returns under the Internal Revenue Code. Directs the Secretary of the Treasury to prescribe and publish tables reflecting the amendments made by this Act which shall apply in lieu of the tables set forth in the Internal Revenue Code with respect to wages paid on or after the first day of the first month which begins more than twenty days after the date of the enactment of this Act. (Amends 26 U.S.C. 1)
United States · United States Congress · 3 January 1973
Provides for the inclusion of .22 caliber rimfire ammunition in the catagories of ammunition for which persons holding a Federal license to do business as a firearms or ammunition importer, manufacturer, or dealer need not keep records on purchasers. (Amends 26 U.S.C. 4182(c))