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801 records in US in 2001
United States · United States Congress · 4 April 2001
Amends Internal Revenue Code provisions concerning designated settlement funds to exempt from tax any designated settlement fund established for the principal purpose of resolving and satisfying present and future claims relating to asbestos. Sets forth special rules concerning asbestos liability losses.
United States · United States Congress · 4 April 2001
Clean Air Investment Act - Amends the Internal Revenue Code to add air or water pollution control facility bonds to the definition of exempt facility bond.
United States · United States Congress · 4 April 2001
Brownfields Clean-up Act - Amends the Internal Revenue Code to permanently extend provisions for the expensing of environmental remediation costs.
United States · United States Congress · 4 April 2001
Amends the Internal Revenue Code to restore, increase, and make permanent the exclusion from gross income for amounts received under qualified group legal services plans.
United States · United States Congress · 4 April 2001
Amends the Internal Revenue Code to repeal the provision providing for the alternative minimum tax treatment of the transfer of incentive stock options (thereby changing the taxable event from the exercise of a stock option to the sale of stock).
United States · United States Congress · 4 April 2001
Amends the Internal Revenue Code to increase the unified credit against the estate and gift taxes to $5 million and to provide for an annual cost-of-living adjustment to such amount.
United States · United States Congress · 4 April 2001
Small Business Jobs Credit Act of 2001 - Amends the Internal Revenue Code to include a "qualified small business employee" (an employee who is either hired by a qualified small business located in a development zone or who is hired by a qualified small business and who lives in such a zone) as a member of a targeted group for purposes of computing the work opportunity credit.
United States · United States Congress · 4 April 2001
Amends the Internal Revenue Code to permit the deduction of real property donated to a qualified conservation organization from the value of a taxable estate.
United States · United States Congress · 4 April 2001
IRS Refund Accessibility Act of 2001 - Amends the Internal Revenue Code to permit the Secretary of the Treasury to use any means of mass communication to disclose taxpayer identity information in order to notify individuals entitled to tax refunds.
United States · United States Congress · 4 April 2001
Fuel Tax Equalization Credit for Substantial Power Takeoff Vehicles Act - Amends the Internal Revenue Code to provide a $250 credit for each qualified commercial power takeoff vehicle (certain highway vehicles designed to deliver ready mixed concrete or collect refuse or recyclables) owned by a taxpayer at the end of the year. Stipulates that such credit shall not be available for a vehicle used during the year by a governmental entity or a tax-exempt organization.
United States · United States Congress · 4 April 2001
Military Personnel Recruitment and Retention Enhancement Act of 2001 - Amends the Internal Revenue Code to exclude from the gross income of members of the Armed Forces any "qualified bonus." Defines the term "qualified bonus" to mean an enlistment, accession, reenlistment, retention, or other bonus paid to a member of the Armed Forces of the United States in exchange for the agreement of the member to accept a commission as an officer, extend an active service commitment as an officer, enlist, reenlist, or extend an enlistment as an enlisted member in an active or reserve component, or enter into a reserve affiliation agreement.
United States · United States Congress · 4 April 2001
Amends the Internal Revenue Code to exclude from gross income amounts received as loan repayments under the National Health Service Corps Loan Repayment Program established under the Public Health Service Act.
United States · United States Congress · 4 April 2001
Electric Power Industry Tax Modernization Act - Amends the Internal Revenue Code to permit a governmental unit to make an irrevocable election to terminate certain tax-exempt bond financing for electric output facilities. Sets forth provisions concerning independent transmission companies. Provides for the exclusion from gross income as contributions to capital of certain amounts received by electric utilities. Revises the special rules concerning the tax treatment of nuclear decommissioning costs.
United States · United States Congress · 4 April 2001
Tech Bond Initiative of 2001 - Amends the Internal Revenue Code to create a limited credit for the holder of a "qualified technology bond" (as defined).
United States · United States Congress · 3 April 2001
Fair Care for the Uninsured Act of 2001 - Amends the Internal Revenue Code to allow an individual a tax credit in an amount equal to the amount paid for qualified health insurance, subject to stated limitations. Directs the Secretary of the Treasury to make payments to the provider of an individual's qualified health insurance equal to such individual's qualified health insurance credit advance amount (the Secretary's estimate of the amount of credit allowable) with respect to such provider. Requires each health insurer, health maintenance organization, and health service organization to participate in a health insurance safety net which shall assure the availability of health insurance to uninsurable individuals. Funds such safety nets through assessments against such insurers and organizations. Permits such insurers and organizations to add the costs of such assessments to the costs of its insurance or coverage. Amends the Public Health Service Act to allow health benefits coverage through individual membership associations (IMAs). Sets forth IMA requirements, including that the IMA be an organization operated under the direction of an association and that IMA health benefits coverage only be provided through contracts with health insurance issuers. Requires IMAs to include a minimum of two health insurance coverage options.
United States · United States Congress · 3 April 2001
Strengthening Working Families Act of 2001 - Amends part D (Child Support and Establishment of Paternity) of title IV of the Social Security Act (SSA) to provide for: (1) block grants to States for media campaigns to promote the formation and maintenance of married two-parent families, strengthen fragile families, and promote responsible fatherhood; (2) State Responsible Father programs; and (3) a national clearinghouse to assist States and communities to promote and support marriage and responsible fatherhood. Amends part A (Temporary Assistance for Needy Families) (TANF) of SSA title IV with regard to rules applicable to child support distribution, including modifying the rule requiring assignment of support rights as a condition of receiving TANF. Outlines provisions for involvement of public non-SSA title IV part D child support enforcement agencies in child support enforcement. Amends SSA title IV part D to: (1) make various specified changes to provide for expanded child support enforcement; and (2) provide for use of new hire information in unemployment compensation program administration. Amends the Immigration and Nationality Act to: (1) make nonimmigrant aliens ineligible to receive visas because of child support nonpayment; and (2) authorize legal process to be served in child support cases on any alien who is an applicant for admission to the United States. Amends SSA title IV part D to: (1) authorize the Secretary of Health and Human Services to share child support enforcement information to enforce immigration and naturalization law; and (2) provide for an increase in payment rate to States for expenditures for short-term training of staff of certain child welfare agencies. Amends the Internal Revenue Code to: (1) revise and increase the earned income tax credit for families with qualifying children; and (2) establish a credit for employer-provided child care facility expenditures. Amends: (1) SSA title IV part A to restore the authority of States to transfer up to ten percent of TANF funds to carry out State programs pursuant to SSA title XX (Block Grants to States for Social Services); and (2) SSA title XX to restore funds to States for such program. Amends SSA title IV part B (Child-Welfare Services) to reauthorize and extend the program for encouraging and enabling each State to establish a program of family preservation services, community-based family support services, time-limited family reunification services, and adoption promotion and support services. Amends SSA title IV part E (Foster Care and Adoption Assistance) to: (1) reauthorize and extend the John H. Chafee Foster Care Independence Program; and (2) repeal the authority of a State to opt-out of the requirement to conduct criminal background checks on prospective foster or adoptive parents.
United States · United States Congress · 3 April 2001
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.
United States · United States Congress · 3 April 2001
Clean Power Plant Act of 2001 - Amends the Clean Air Act to require specified emissions limitations on mercury, sulfur dioxide, and nitrogen oxides (NOx) from fossil fuel-fired electric generating units with a nameplate capacity of at least 15 megawatts that use a combustion device primarily to generate electricity for sale. Requires quarterly pollutant-specific emission reports for such pollutants and for carbon dioxide (CO2) by unit owners or operators. Directs the Administrator of the Environmental Protection Agency to publish facility-specific emission data. Requires regulations for disclosure of data concerning emissions levels. Directs the Administrator to calculate a generation performance standard for CO2 from covered fossil fuel-fired electric generating units and allocate allowances among such units. Authorizes the carryover and trading of unused allowances and requires surrender to the Administrator of a number of CO2 allowances equal to the total tonnage emitted during the calendar year. Permits the performance standard to be exceeded if the plant has sufficient emissions credits. Imposes an excess emissions penalty and requires units to offset such emissions. Requires regulations concerning transfer of hazards associated with combustion from one medium to another and release of hazardous wastes into the environment. Expresses the sense of Congress concerning crediting permanent CO2 and NOx emissions reductions to the utility sector in any enacted climate change implementation program. Authorizes appropriations for industry and community assistance and development of a carbon sequestration strategy. Requires grants to municipalities in which there are located fossil fuel-fired electric generating units that: (1) provide ten percent or more of the municipality's annual property tax revenue in the last fiscal year ending before this Act's enactment; and (2) cease operation after this Act's enactment. Includes hazardous air pollutants from electric utility steam generating units on a list of such pollutants from major and area sources required under the Clean Air Act.
United States · United States Congress · 3 April 2001
Directs the Secretary of Agriculture to make market loss assistance payments to farm owners and operators eligible for final FY 2001 production flexibility contract payments.
United States · United States Congress · 3 April 2001
Freedom of Choice for Women in the Uniformed Services Act - Repeals a provision of the National Defense Authorization Act for Fiscal Year 1996 which prohibits any medical treatment facility of the Department of Defense from being used to perform an abortion except where the life of the mother would be endangered if the fetus were carried to full term or in the case of rape or incest.
United States · United States Congress · 3 April 2001
Medicare Geographic Adjustment Fairness Act of 2001 - Amends title XVIII (Medicare) of the Social Security Act, as amended by the Medicare, Medicaid, and SCHIP Benefits Improvement and Protection Act of 2000, with respect to decisions of the Medicare Geographic Classification Review Board to reclassify a disproportionate share hospital (DSH) for purposes of the adjustment factor used to adjust the diagnostic related statistical group (DRG) prospective payment rate for area differences in hospital wage levels. Makes any such Board decision to reclassify a DSH for purposes of the adjustment factor for FY 2001 or any subsequent fiscal year apply for purposes of adjusting payments made on a prospective basis for variations in costs attributable to wages and wage-related costs for prospective payment system-reimbursed items and services.
United States · United States Congress · 3 April 2001
Fair Care for the Uninsured Act of 2001- Amends the Internal Revenue Code to allow an individual a tax credit in an amount equal to the amount paid for qualified health insurance, subject to stated limitations. Directs the Secretary of the Treasury to make payments to the provider of an individual's qualified health insurance equal to such individual's qualified health insurance credit advance amount (the Secretary's estimate of the amount of credit allowable) with respect to such provider. Requires each health insurer, health maintenance organization, and health service organization to participate in a health insurance safety net which shall assure the availability of health insurance to uninsurable individuals. Funds such safety nets through assessments against such insurers and organizations. Permits such insurers and organizations to add the costs of such assessments to the costs of its insurance or coverage. Amends the Public Health Service Act to allow health benefits coverage through individual membership associations (IMAs). Sets forth IMA requirements, including that the IMA be an organization operated under the direction of an association and that IMA health benefits coverage only be provided through contracts with health insurance issuers. Requires IMAs to include a minimum of two health insurance coverage options.
United States · United States Congress · 3 April 2001
Cost of Government Awareness Act of 2001 - Amends the Internal Revenue Code to repeal income tax withholding and to require individuals to pay estimated income tax on a monthly basis.
United States · United States Congress · 3 April 2001
Timber Tax Simplification Act of 2001 - Amends the Internal Revenue Code to provide for the application of capital gain treatment to outright sales of timber whether or not the owner retains economic interest.
United States · United States Congress · 3 April 2001
Capital Gains Tax Rate Reduction Act of 2001 - Amends the Internal Revenue Code to: (1) reduce the 10 and 20 percent individual capital gains tax rates to 5 and 10 percent respectively; (2) repeal provisions providing for reduced capital gain rates for qualified five year gains; and (3) with respect to the alternative minimum tax, reducing the 10 and 20 percent maximum tax rate on net capital gain for individuals to 5 and 10 percent respectively.
United States · United States Congress · 3 April 2001
Amends the Internal Revenue Code to remove the requirement that individual retirement accounts must be distributed not later than a required beginning date.
United States · United States Congress · 3 April 2001
Amends the Internal Revenue Code, with respect to taxation of U.S. shareholders of controlled foreign corporations, to permanently extend the subpart F exemption (which excludes such income from the shareholder's foreign personal holding company income) for active financing (banking, financing, or similar business) income earned on business operations overseas. (Thus permits American financial services firms doing business abroad to defer U.S. tax on their earnings from their foreign financial services operations until such earnings are returned to the U.S. parent company.)
United States · United States Congress · 3 April 2001
Family Business Preservation Act of 2001 - Amends the Internal Revenue Code to exclude from estate taxes the adjusted value of a qualified family owned business.
United States · United States Congress · 3 April 2001
Amends the Internal Revenue Code to revise provisions concerning the nonrecognition of gain from the sale of property by exempt organizations, including allowing an organization up to ten years (currently, three years) to purchase other property used directly in the performance of an exempt function.
United States · United States Congress · 3 April 2001
Tax Refund Statute of Limitation Extension Act - Amends the Internal Revenue Code to extend to seven years the filing period for individual income tax refunds or credits.
United States · United States Congress · 3 April 2001
Sets forth the rule (modified closed) for the consideration of H.R. 8 (estate and gift tax elimination).
United States · United States Congress · 2 April 2001
Access to Affordable Health Care Act - Amends the Internal Revenue Code to provide: (1) in the case of an employer, for an employee health insurance expenses credit; and (2) in the case of an individual (including the self-employed), for the deduction of 100 percent of the cost of medical care insurance.
United States · United States Congress · 2 April 2001
Housing Bond and Credit Modernization and Fairness Act of 2001 - Amends the Internal Revenue Code to: (1) repeal the required use of certain principal repayments on mortgage subsidy bond financings to redeem bonds; (2) modify the purchase price limitation under mortgage subsidy bond rules based on median family income; and (3) define the term "area median gross income" for low-income housing credit projects.
United States · United States Congress · 2 April 2001
Amends the Internal Revenue Code, with respect to taxation of U.S. shareholders of controlled foreign corporations, to permanently extend the subpart F exemption (which excludes such income from the shareholder's foreign personal holding company income) for active financing (banking, financing, or similar business) income earned on business operations overseas. (Thus permits American financial services firms doing business abroad to defer U.S. tax on their earnings from their foreign financial services operations until such earnings are returned to the U.S. parent company.)
United States · United States Congress · 30 March 2001
Amends the Floyd D. Spence National Defense Authorization Act for Fiscal Year 2001 to: (1) authorize (currently, requires) the Secretary of the Navy to convey to Vieques, Puerto Rico, the land constituting the Naval Ammunition Support Detachment on Vieques; and (2) allow the Secretary to exercise such authority only if the Government of Puerto Rico is fulfilling certain assurances made regarding the restoration of military training at the Navy's training site on the island of Vieques.
United States · United States Congress · 30 March 2001
Amends the Internal Revenue Code to permit a taxpayer to elect to use the completed contract accounting method with respect to a qualified naval construction contract (more than 24 months in duration).
United States · United States Congress · 30 March 2001
Amends the Internal Revenue Code to make permanent the tax credit for increasing research activities.
United States · United States Congress · 29 March 2001
New Economy Tax Fairness Act or NET FAIR Act - Amends Federal law providing jurisdictional standards for the imposition of State and local business activity, sales, and use taxes on interstate commerce to prohibit a State from imposing any such tax on income derived from interstate commerce unless such person has a substantial physical presence in such State. States that a substantial physical presence does not exist if the only business activities within such State include, among other things: (1) the presence or use of intangible personal property in such State; (2) the use of the Internet or an Internet service provider within such State to maintain, take, or process orders; and (3) affiliation with a person within such State or the use of an unaffiliated representative or independent contractor in such State. Provides that the substantial physical presence of any person shall not be attributed to any other person absent the establishment of a relationship that: (1) results from the consent by both persons that one person act on the other's behalf and subject to their control; and (2) relates to the activities of the person within the State. Prohibits a State from assessing any business activity tax which was imposed prior to this Act, if the imposition of such tax is prohibited, above. Terminates a person's obligation to pay State-imposed business activity, sales, or use tax if such person no longer has a substantial physical presence in that State.
United States · United States Congress · 29 March 2001
Transportation Tax Equity and Fairness Act - Amends the Internal Revenue Code to repeal the special fuel excise tax on railroads and inland waterway transportation. Subjects diesel fuel used in trains to the additional tax for the Leaking Underground Storage Tank Trust Fund.
United States · United States Congress · 29 March 2001
Amends the Internal Revenue Code to restore, increase, and make permanent the exclusion from gross income for amounts received under qualified group legal services plans.
United States · United States Congress · 29 March 2001
Tribal Government Tax-Exempt Bond Authority Amendments Act of 2001 - Amends the Internal Revenue Code to permit the issuance of tax-exempt bonds by an Indian tribal government if at least 95 percent of the net proceeds are used to finance tribal facilities. Provides for the tax-exempt treatment of any private activity bond issued by an Indian tribal government or subdivision as a qualified bond. Prescribes specific ownership restrictions and an employment test. Exempts from the exclusion any bond issued by such tribal government or subdivision unless it is federally guaranteed. Amends the Securities Act of 1933 to exempt obligations issued by an Indian tribal government or subdivision from registration requirements.
United States · United States Congress · 29 March 2001
Treatment of Indian Tribal Natural Resource Income Act of 2001 - Amends the Internal Revenue Code to prohibit the imposition of income taxes or income derived from a natural resources-related activity conducted by: (1) a member of an Indian tribe directly or through a qualified Indian entity; or (2) a qualified Indian entity. Prohibits the imposition of employment taxes on remuneration paid for services performed in natural resources-related activity by one member of a tribe for another member of such tribe or for a qualified Indian entity.
United States · United States Congress · 29 March 2001
Medicare Geographic Adjustment Fairness Act of 2001 - Amends title XVIII (Medicare) of the Social Security Act, as amended by the Medicare, Medicaid, and SCHIP Benefits Improvement and Protection Act of 2000, with respect to decisions of the Medicare Geographic Classification Review Board to reclassify a disproportionate share hospital (DSH) for purposes of the adjustment factor used to adjust the diagnostic related statistical group (DRG) prospective payment rate for area differences in hospital wage levels that applies to such hospital for FY 2001 or any subsequent fiscal year. Makes any such Board decision apply for purposes of adjusting payments made on a prospective basis for variations in costs attributable to wages and wage-related costs for prospective payment system-reimbursed items and services.
United States · United States Congress · 29 March 2001
Education Savings and School Excellence Act of 2001 - Amends the Internal Revenue Code with respect to education individual retirement accounts (education IRAs) to: (1) increase maximum annual contribution limits to $2,000 per beneficiary; (2) permit tax-free expenditures for qualified elementary and secondary education expenses at a public, private, or religious school; (3) waive age limitations for contributions on behalf of a special needs beneficiary; (4) limit contribution reductions based on adjusted gross income to individual contributors (permits entity contributions regardless of income); (5) permit annual contributions to be made up to such year's tax filing date (not including extensions); (6) exempt excess contributions from the additional ten percent tax provided such contribution and interest earned are returned within six months after the end of the tax year for which the contribution was made; and (7) coordinate education IRA distributions with the HOPE and Lifetime Earning Credit qualified tuition programs. Collegiate Learning and Student Savings (CLASS) Act - Permits private higher educational institutions, in addition to currently permitted State institutions, to establish qualified tuition programs. Excludes from gross income such program distributions used for qualified higher education expenses. Provides that one rollover per year of amounts from one qualified tuition program to another for the benefit of the same beneficiary shall not be considered a distribution. Includes first cousins as family members for purposes of qualified tuition programs. Revises the definition of "qualified higher education expenses," including the exclusion of sport- or hobby-related courses unless taken as part of a degree program or to improve job skills. Makes the exclusion from gross income of employer provided educational assistance permanent. Repeals the current dollar limitation on the deduction for interest on educational loans provision and replace it with a limitation on such deduction based on modified adjusted gross income. Repeals the 60-month limitation period on the allowance of the interest deduction on such loans. Eliminates the two percent floor on miscellaneous itemized deductions for the qualified professional development expenses of elementary and secondary school teachers. Excludes from gross income certain amounts received under the National Health Corps Scholarship Program, the Armed Forces Health Professions Scholarship and Financial Assistance Program, the National Institutes of Health Undergraduate Scholarship Program, or similar State program.
United States · United States Congress · 29 March 2001
Fairness in Securities Transactions Act- Amends the Securities Exchange Act of 1934 to reduce (from one three-hundredth of one percent to one five-hundredth of one percent) the transaction fees designed to recover the costs to the Government of securities markets oversight and enforcement. Replaces the fee structure for off-exchange trades of last-sale-reported securities with a fee structure for off-exchange trades of exchange-registered and last-sale-reported securities. Provides that the fees so collected shall: (1) be deposited and credited as offsetting collections to the account providing appropriations to the Securities and Exchange Commission (SEC); and (2) not be deposited and credited as general revenue of the Treasury for specified fiscal years. Sets forth requirements for pay parity for SEC employees.
United States · United States Congress · 29 March 2001
Amends the Internal Revenue Code to allow businesses a limited reclamation credit of 20 percent of the basis of each qualified reclamation property placed in service during the taxable year. Defines qualified reclamation property as, among other things, qualified recycling property or qualified remanufacturing property.
United States · United States Congress · 29 March 2001
Amends the Internal Revenue Code to apply the capital gains tax rates to capital gains of designated settlement funds.
United States · United States Congress · 29 March 2001
Qualified Personal Service Corporations Clarification Act of 2001 - Amends the Internal Revenue Code to modify the criteria for determining whether a corporation is a qualified personal service corporation. Includes within the definition of qualified personal service corporation a qualifying corporation substantially all of whose stock is held by certain former employees (thus permitting such corporation to use the cash method of accounting).
United States · United States Congress · 29 March 2001
Amends the Internal Revenue Code, with respect to the exclusion from a lessee's gross income of qualified construction allowances for short-term leases, to require that in order to qualify for the exclusion the construction expenditure must occur before the end of the second taxable year after the allowance was received. Revises the exclusion from gross income (safe harbor) for certain contributions to the capital of a corporation to extend such exclusion to money or other property received by a retailer under specified conditions concerning length of business operation at a particular location and land and structure ownership at such location. Declares that a taxpayer shall be treated as owning the land if the taxpayer is the lessee of such land under a lease having a term of at least 30 years, and on which only nominal rent is required. Disallows any deduction or credit for, or by reason of, any amount received by the taxpayer which constitutes a contribution to capital.
United States · United States Congress · 29 March 2001
Orphan Drug Tax Credit Act of 2001 - Amends the Internal Revenue Code to move up the date for which a taxpayer may claim the credit for the clinical testing of drugs for rare diseases or conditions (orphan drugs) from the date a drug is designated an orphan drug to the date the application for such designation is filed.