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Taxation

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

801 records in US in 2003

Records

Bill· HRH.R. 1370 (108th)referred

Interstate Transmission Act

United States · United States Congress · 19 March 2003

Interstate Transmission Act- Amends the Federal Power Act to direct the Federal Energy Regulatory Commission (FERC) to establish transmission pricing policies and standards for promoting the expansion of interstate transmission networks through incentive-based, performance-based, participant-funded, and/or cost-based rate treatments to ensure reliability of the electric system, to support interstate wholesale markets for electric power, and to expand transmission transfer capacity needed for wholesale competition. Grants FERC jurisdiction over Electric Reliability Organizations certified by FERC to establish and enforce reliability standards for the bulk-power system. Exempts Hawaii and Alaska from application of this Act. Repeals the requirement for FERC prior authorization of the disposition of public utility facilities. Authorizes FERC to promote voluntary development of regional transmission organizations, independent transmission providers, and similar organizations in order to enhance electric energy transmission in interstate commerce. Creates State and Federal authority to site transmission facilities. Amends the Public Utility Holding Company Act to exclude from its purview a multistate independent transmission company or any action to otherwise affect such an organization. Amends the Internal Revenue Code to treat as an involuntary conversion, for which no gain shall be recognized for capital gains tax purposes, any disposition to an independent transmission company of property, stock, or partnership interest in an entity whose principal trade or business provides electric transmission services, if the transaction is meant to implement FERC or State electric restructuring policy.

Bill· HRH.R. 1356 (108th)referred

To encourage the availability and use of motor vehicles that have improved fuel efficiency, in order to reduce the need to import oil into the United States.

United States · United States Congress · 19 March 2003

Amends the Internal Revenue Code to allow a taxpayer as credits against income tax: (1) a fuel efficiency vehicle credit equal to 25 percent of the cost of any qualified fuel-efficient vehicle placed in service during the taxable year; and (2) a fuel-efficient vehicle assembly credit equal to $2,000 for every qualified fuel-efficient vehicle manufactured or produced in the United States during such year for first retail sale. Authorizes the Secretary of Energy to provide loan guarantees of up to $100 million per loan (and up to $1 billion over all) to manufacturers of motor vehicles or of motor vehicle engines for the costs of conversion from the manufacture of motor vehicles or engines achieving less than 40 miles per gallon of gasoline to the manufacture of such products achieving more than 40 miles per gallon Amends the Internal Revenue Code to: (1) extend permanently the credit for increasing research activities; and (2) increase the alternative incremental credit rates.

Bill· HRH.R. 1369 (108th)referred

National Guard and Reserve Tax Relief Act of 2003

United States · United States Congress · 19 March 2003

National Guard and Reserve Tax Relief Act of 2003 - Amends the Internal Revenue Code to provide a deduction for itemizers and non-itemizers for unreimbursed overnight travel, meals, and lodging expenses of National Guard and Reserve members who must travel away from home and stay overnight as part of their official duties.

Bill· SS. 648 (108th)referred

Pharmacy Education Aid Act of 2003

United States · United States Congress · 18 March 2003

Pharmacy Education Aid Act of 2003 - Amends the Public Health Service Act to permit payments of up to $35,000 on behalf of an individual (recipient) for the repayment of pharmacy education loans for each year the recipient serves in a health care facility with a critical shortage of pharmacists. Directs the Secretary of Health and Human Services to make payments to recipients to offset tax liability. Requires repayment to the Federal Government by recipients who fail to maintain acceptable levels of academic standing, are dismissed for disciplinary reasons, voluntarily terminate their programs, or fail to provide health services in accordance with their commitments after their academic program is completed. Permits a waiver of liability under specified circumstances. Authorizes the Secretary, acting through the Administrator of the Health Resources and Services Administration, to establish student loan programs to increase the number of faculty at schools of pharmacy. Directs each school in which such a program is established to pay at least one-ninth of the Federal capital contributions. Caps loans from such programs to individual students at $35,000 annually. Requires, upon completion of specified employment requirements as a faculty member, that an amount up to 85 percent of loans (plus interest thereon) from such a program be canceled, with the Federal Government reimbursing the school for its proportionate share of the canceled amount. Authorizes the Secretary to award grants or contracts to qualifying pharmacy schools for computer-based pharmaceutical education systems.

Bill· SS. 637 (108th)referred

Health Insurance Tax Relief Act

United States · United States Congress · 18 March 2003

Health Insurance Tax Relief Act - Amends the Internal Revenue Code to allow the first $2,000 of health insurance premiums to be fully deductible regardless of whether or not the taxpayer itemizes deductions.

Law· HRH.R. 1308 (108th)enacted

Working Families Tax Relief Act of 2004

United States · United States Congress · 18 March 2003

Tax Relief, Simplification, and Equity Act of 2003 - Revises Internal Revenue Code expatriation tax provisions. Subjects certain individuals, for a ten year period following citizenship relinquishment or residency termination, to the expatriation (alternative) tax provisions. Provides exceptions for dual citizens and minors. Suspends the tax-exempt status of a designated terrorist organization. Expresses the sense of Congress concerning corporate expatriation. Establishes a special rule for determining the exclusion of gain from the sale of a principal residence for members of the Foreign Service on qualified official extended duty. Provides tax relief for families of the Columbia Space Shuttle. Includes any vaccine against hepatitis A under the 75-cents-per-dose manufacturer's excise tax. Expands the 50-percent tax orphan drug tax credit for expenses related to human clinical testing of drugs for the treatment of certain rare diseases and conditions to include specified testing expenses. Treats as an exempt facility bond any qualified forest conservation bond (as defined). Revises the excise tax provisions on bows, arrows, and other archery equipment. Provides for the application of capital gain treatment to outright sales of timber whether or not the owner retains economic interest. Repeals the excise tax on fishing tackle boxes. Revises, with respect to real property, provisions concerning the treatment under the at-risk rules of publicly traded nonrecourse debt. Extends, with respect to involuntary conversion rules, the replacement period for livestock sold on account of weather related conditions. Coordinates farmers income averaging with the alternative minimum tax. Provides that the patronage dividends of cooperatives shall not be reduced by stock dividends to the extent the stock dividends are in addition to amounts otherwise payable.

Bill· HRH.R. 1307 (108th)open

Armed Forces Tax Fairness Act of 2003

United States · United States Congress · 18 March 2003

Armed Forces Tax Fairness Act of 2003 - Amends the Internal Revenue Code to authorize a member of the uniformed services on "qualified official extended duty" (any duty in excess of 180 days while serving at a duty station which is at least 150 miles from the principal residence or while residing under Government orders in Government quarters), to extend for five years the five-year period utilized in determining full exclusion of gain from the sale of a principal residence. Includes among the uniformed services: (1) the armed forces; (2) the commissioned corps of the National Oceanic and Atmospheric Administration; and (3) the commissioned corps of the Public Health Service. Makes such provisions effective as if included in section 312 of the Taxpayer Relief Act of 1997. States that if a refund or credit resulting from such exclusion is prevented before the close of the one-year period beginning on the date of the enactment of this Act by the operation of any law or rule of law (including res judicata), such refund or credit may be allowed if claimed before the close of such period. Excludes from gross income as a qualified military benefit the amount of the death gratuity payable under chapter 75 of title 10 of the United States Code, effective with respect to deaths occurring after September 10, 2001. Exempts amounts received under the Homeowners Assistance Program from inclusion as gross income. Extends combat zone filing rules to contingency operations. Includes ancestors or lineal descendants of past or present members of the armed forces or of cadets as qualifying members of veterans' organizations for purposes of such organizations' tax-exempt status determination. Includes dependent care assistance provided under a dependent care assistance program for a member of the uniformed services by reason of such member's status or service as an income-excludable qualified military benefit. Exempts distributions from an education individual retirement account from the ten percent additional tax for non-educational use: (1) if made for an account holder at the United States Military Academy, the United States Naval Academy, the United States Air Force Academy, the United States Coast Guard Academy, or the United States Merchant Marine Academy; and (2) to the extent that the distribution does not exceed the costs of advanced education. Provides a deduction (limited to $1,500) for itemizers and non-itemizers for unreimbursed overnight travel, meals, and lodging expenses of National Guard and Reserve members who must travel more than 100 miles away from home and stay overnight as part of their official duties. Provides that amounts transferred to any trust fund under title II (Old Age, Survivors and Disability Insurance) of the Social Security Act shall be determined as if this Act had not enacted.

Bill· HRH.R. 1312 (108th)referred

To make East Kern Airport District in Mojave, California, eligible for airport security improvement assistance from the Transportation Security Administration, and for other purposes.

United States · United States Congress · 18 March 2003

Amends the Department of Transportation and Related Agencies Appropriations Act, 2003 to authorize the Under Secretary of Transportation for Security of the Transportation Security Administration to issue a letter of intent for specified amounts of airport security improvement project funds to East Kern Airport District in Mojave, California: (1) to reimburse the airport for airport security costs incurred since September 11, 2001; and (2) for airport security costs for each fiscal year, including the cost of employing airport security personnel.

Bill· HRH.R. 1304 (108th)referred

College Affordability and Lifetime Savings Act

United States · United States Congress · 18 March 2003

College Affordability and Lifetime Savings Act - Amends the Internal Revenue Code to: (1) convert the current deduction for interest on education loans to a credit equal to 50 percent of the interest paid during the taxable year on any qualified education loan; and (2) exclude from gross income amounts which would be included under specified loan forgiveness programs for teachers and other public servants.

Bill· HRH.R. 1339 (108th)referred

Neutral Cost Recovery Act of 2003

United States · United States Congress · 18 March 2003

Neutral Cost Recovery Act of 2003 - Amends the Internal Revenue Code to require that the depreciation deduction for tangible property placed in service after 2003 be computed using neutral cost recovery ratios.

Bill· HRH.R. 1327 (108th)referred

To amend the Internal Revenue Code of 1986 to exempt certain activities at the State level from the denial of the deduction for lobbying expenditures.

United States · United States Congress · 18 March 2003

Amends the Internal Revenue Code, with respect to denying the deduction of lobbying expenses in connection with activities influencing legislation, to exempt from the denial service (where such service would otherwise constitute the influencing of legislation) on any board, commission, or similar body appointed by any State governmental body.

Bill· HRH.R. 1317 (108th)referred

To amend the Internal Revenue Code of 1986 to clarify the excise tax exemptions for aerial applicators of fertilizers or other substances.

United States · United States Congress · 18 March 2003

Amends the Internal Revenue Code to eliminate the waiver requirement by a farm owner, operator, or tenant in order for an aerial applicator of agricultural fertilizer or other substances to qualify for a gasoline-farming use (excise) tax exemption in the case of an applicator who is the ultimate purchaser of the gasoline so used. Includes within such exemption gasoline used between the airfield and farm. Exempts fixed-wing aircraft used for forestry purposes from the passenger air transportation (excise) tax.

Bill· HRH.R. 1331 (108th)referred

To amend the Internal Revenue Code of 1986 to extend and modify the credit for producing fuel from a nonconventional source.

United States · United States Congress · 18 March 2003

Amends the Internal Revenue Code, with respect to the credit for nonconventional-source fuel production, to: (1) ensure the credit applies to qualifying new wells; and (2) extend the credit for certain existing oil and gas wells and facilities producing qualified fuel from landfill gas.

Bill· HRH.R. 1310 (108th)referred

Reforestation Tax Act of 2003

United States · United States Congress · 18 March 2003

Reforestation Tax Act of 2003 - Amends the Internal Revenue Code to allow a deduction to a taxpayer who has a qualified timber gain in an amount equal to the qualified percentage of such gain. Allows a deduction, for qualified timber property, for reforestation expenditures and terminates current provisions allowing for the amortization of such expenditures.

Bill· HRH.R. 1325 (108th)open

Recruiting, Retention, and Reservist Promotion Act

United States · United States Congress · 18 March 2003

Recruiting, Retention, and Reservist Promotion Act - Includes hazardous duty pay and diving duty special pay received for at least 60 months as qualifying pay in the computation of military retired pay. Directs the Comptroller General to study the possibility of tax credits or small business loan incentives for businesses that employ National Guard and reserve personnel. Directs the Secretary of Defense to report to Congress on an assessment of the feasibility and desirability of expanding the Junior Reserve Officers' Training Corps program of each of the military departments, the Civil Air Patrol, the Naval Sea Cadet Corps, and the Young Marines of the Marine Corps League.

Bill· HRH.R. 1315 (108th)referred

Community Streetcar Development and Revitalization Act

United States · United States Congress · 18 March 2003

Community Streetcar Development and Revitalization Act - Establishes a five-year pilot grant program to provide Federal assistance to States and local governmental authorities for the capital and startup costs of development and expansion of streetcar transportation, including: (1) streetscaping; (2) signalization modifications, and other modifications to the road system or other public rights-of-way on which the project is to be carried out; and (3) acquisition of streetcars and project construction, design, and engineering. Sets forth program requirements, including a maximum Federal funding limit for any project for each fiscal year.

Bill· HRH.R. 1326 (108th)referred

To ensure that tax-exempt status and other benefits afforded under Operation Enduring Freedom are also provided to United States Armed Forces personnel in Israel.

United States · United States Congress · 18 March 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· SS. 629 (108th)referred

Catch-Up Lost Retirement Savings Act

United States · United States Congress · 17 March 2003

Catch-Up Lost Retirement Savings Act - Amends the Internal Revenue Code to allow, until December 31, 2007, an individual who participated in a retirement plan under which the employer matched at least 50 percent of the employee's contribution with the employer's stock and whose employer filed for bankruptcy and was subject to a related prosecution resulting from business transactions to make three times the otherwise applicable deductible retirement contributions and to receive a credit for 50 percent for such contributions.

Resolution· HCONRESH.Con.Res. 95 (108th)open

Establishing the congressional budget for the United States Government for fiscal year 2004 and setting forth appropriate budgetary levels for fiscal years 2003 and 2005 through 2013.

United States · United States Congress · 17 March 2003

Sets forth the congressional budget for the Federal Government for FY 2004, including the appropriate budgetary levels for FY 2003 and 2005 through 2013. Lists recommended budgetary levels and amounts, for FY 2003 through 2013, with respect to: (1) Federal revenues; (2) new budget authority; (3) budget outlays; (4) deficits (on-budget); (5) debt subject to limit; and (6) debt held by the public. Lists the appropriate levels of new budget authority and outlays for specified major functional categories for FY 2003 through 2013. Sets forth committee reconciliation instructions. Provides for reserve funds for Medicaid and Project Bioshield. Provides for contingency procedures for surface transportation and infrastructure.

Resolution· SCONRESS.Con.Res. 23 (108th)open

An original concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2004 and including the appropriate budgetary levels for fiscal year 2003 and for fiscal years 2005 through 2013.

United States · United States Congress · 14 March 2003

Sets forth the congressional budget for the Federal Government for FY 2004, including the appropriate budgetary levels for FY 2005 through 2013. Lists recommended budgetary levels and amounts, for FY 2003 through 2013, with respect to: (1) Federal revenues; (2) new budget authority; (3) budget outlays; (4) deficits; (5) public debt; and (6) debt held by the public. Lists the appropriate levels of new budget authority and outlays for Social Security and specified major functional categories for FY 2003 through 2013. Extends congressional supermajority enforcement requirements and Senate discretionary spending limits. Prohibits Senate legislation that would require advanced appropriations and legislation that would increase the on-budget deficit or cause an on-budget deficit. Sets forth committee reconciliation instructions. Provides for certain reserve funds, including those for emergencies, Medicare reform, health insurance for the uninsured, highways and highway safety and transit, children with special needs, Project Bioshield, the Stateside Grant Program, and children's health insurance.

Bill· SS. 623 (108th)referred

A bill to amend the Internal Revenue Code of 1986 to allow Federal civilian and military retirees to pay health insurance premiums on a pretax basis and to allow a deduction for TRICARE supplemental premiums.

United States · United States Congress · 13 March 2003

Amends the Internal Revenue Code to permit: (1) Federal civilian and military retirees to pay Federal Employees Health Benefits Program and TRICARE supplemental premiums on a pretax basis; and (2) a deduction (available to itemizers and nonitemizers) for TRICARE supplemental premiums and enrollment fees. Sets an implementation deadline of the first open enrollment period beginning not less than 90 days following enactment.

Bill· SS. 617 (108th)referred

No Taxation Without Representation Act of 2003

United States · United States Congress · 13 March 2003

No Taxation Without Representation Act of 2003 - Provides for full voting representation in Congress for the residents of the District of Columbia, including two Senators and as many Representatives as a similarly populous State would be entitled to under the law. Treats the District of Columbia as a State. Prescribes a procedure for the first elections under this Act. Entitles the District to one Representative until the taking effect of the next reapportionment.

Bill· SS. 611 (108th)referred

Fair Treatment for Precious Metals Investors Act

United States · United States Congress · 13 March 2003

Fair Treatment for Precious Metals Investors Act - Amends Internal Revenue Code maximum capital gains rate provisions to eliminate the exception for gold, silver, and platinum coins.

Bill· HRH.R. 1278 (108th)referred

Assuring Honesty and Accountability Act of 2003

United States · United States Congress · 13 March 2003

Assuring Honesty and Accountability Act of 2003 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 to extend through FY 2008 the discretionary spending limits (spending caps) for defense and nondefense categories in new budget authority and outlays. Retains (eliminates the expiration of) pay-as-you-go. Retains (eliminates the expiration of) specified budget enforcement mechanisms. Amends the Congressional Budget Act of 1974 concerning legislation which: (1) evades specified budget enforcement mechanisms; (2) provides direct spending (to be included in the Congressional Budget Office (CBO) analysis (scoring); and (3) is unreported by committee (for purposes of budget point of order rules). Limits the adjustment required to the discretionary spending limits in new budget authority for FY 2004 when new budget authority for operations of the Department of Homeland Security or grants to States and localities for homeland security is enacted. Requires the Secretary of Homeland Security to conduct a homeland security needs assessment. Requires reports on legislation which provide new budget, spending, or credit authority or otherwise provide an increase or decrease in revenues or tax expenditures to include a projection by CBO of the cost of debt servicing (interest). Amends the Congressional Budget and Impoundment Control Act of 1974 to address issues of emergency spending through: (1) establishing criteria and guidelines; (2) the inclusion of a reserve fund in the President's Budget; and (3) requiring a separate House vote on an emergency designation. Amends the Rules of the House of Representatives concerning: (1) budget compliance statements (permitting inclusion of budgetary implications); and (2) justification for budget act waivers (inclusion required for bill consideration).

Bill· HRH.R. 1268 (108th)referred

Melina Bill

United States · United States Congress · 13 March 2003

United States Toxic Mold Safety and Protection Act of 2003 or the Melina Bill - Directs: (1) the Centers for Disease Control, the Environmental Protection Agency (EPA), and the National Institutes of Health (NIH) to jointly study the health effects of indoor mold growth and toxic mold; (2) EPA to promulgate standards for preventing, detecting, and remediating indoor mold growth; and (3) EPA, NIH, and the Department of Housing and Urban Development (HUD) to sponsor related public education programs. Directs: (1) rental property lessors to conduct annual indoor mold inspections and notify the occupants of such results; and (2) the Secretary of HUD and the Administrator of EPA to promulgate mold hazard disclosure regulations with respect to housing offered for sale or lease. Directs the Secretary to: (1) establish, with respect to indoor mold in public housing, inspection requirements for existing housing and construction standards for new housing; and (2) establish model construction standards and techniques for mold prevention in new buildings. Establishes an indoor/toxic mold inspection requirement with respect to federally made or insured mortgages. Amends the National Cooperative Research and Production Act of 1993 to provide for industry standards development with respect to building products that are designed to retard mold development. Directs the Administrator of EPA to make grants to States and local governments for mold growth remediation efforts in buildings owned or leased by such governments, including schools and multifamily dwellings. Amends the Internal Revenue Code to allow an annual tax credit for 60 percent of non-reimbursed mold inspection and remediation expenses ($50,000 annual maximum) paid or incurred by a taxpayer. Requires the Director of the Federal Emergency Management Agency to: (1) establish and carry out a toxic mold insurance program, with priority for one-to-four-family residential properties; and (2) establish in the Treasury a National Toxic Mold Hazard Insurance Fund. Authorizes the Director to assist qualifying insurers to form a federally-assisted toxic mold hazard insurance pool. Provides for Federal operation of such program under specified circumstances. Authorizes State waiver of income, resource, and other Medicaid requirements for an individual whose health has been adversely affected by toxic mold exposure, and who lacks adequate medical insurance coverage.

Bill· HRH.R. 1279 (108th)referred

To amend the Internal Revenue Code of 1986 to provide tax incentives for the use of biodiesel as a fuel.

United States · United States Congress · 13 March 2003

Amends the Internal Revenue Code to establish a credit to promote the production and usage of biodiesel fuel. Requires a taxpayer to obtain a certification from the producer of the biodiesel which identifies the product produced in order to utilize the credit. Imposes a tax for biodiesel not used as fuel, but for which a credit was granted. Reduces motor fuel excise taxes on biodiesel mixtures. Provides for transfers of funds from the Commodity Credit Corporation to the Highway Trust Fund in amounts equivalent to the reductions that would occur but for this Act.

Bill· HRH.R. 1283 (108th)referred

New Automobile Add-On Disclosure and Consumer Protection Act

United States · United States Congress · 13 March 2003

New Automobile Add-On Disclosure and Consumer Protection Act - Requires each dealer to disclose to each consumer that purchases a new automobile: (1) a dealer add-on invoice; and (2) a dealer add-on warranty statement. Specifies the timing of such disclosures. States that dealer violation of this Act results in liability to the United States for a civil penalty of not more than $10,000 or the total cost of the new automobile involved (including add-ons, taxes, and any other fees charged to the customer by the dealer), whichever is greater. Permits a private right of action by a consumer aggrieved by a violation of this Act.

Bill· HRH.R. 1259 (108th)referred

Public Safety and Protection Investment Act of 2003

United States · United States Congress · 13 March 2003

Public Safety and Protection Investment Act of 2003 - Amends the Internal Revenue Code to allow businesses to expense the costs of purchasing and installing qualifying security devices.

Bill· HRH.R. 1287 (108th)referred

Comprehensive Health Care Reform Act of 2003

United States · United States Congress · 13 March 2003

Comprehensive Health Care Reform Act of 2003 - Amends the Internal Revenue Code to: (1) allow a limited tax credit for medical insurance; (2) set forth that a plan or other arrangement shall not cease to count as a cafeteria plan solely because qualified benefits under such plan include a health flexible spending arrangement under which not more than $500 of unused health benefits may be carried forward to the next year of such arrangement or paid to or on behalf of an employee as compensation from employment; (3) provide for (among other things), with respect to Archer Medical Savings Accounts, repealing limitations on the amount that may be contributed, repealing limitations on the number of such accounts, and expanding the availability of such accounts beyond employees of small employers and the self-employed; and (4) repeal the 7.5 percent threshold on the medical expense deduction.

Bill· HRH.R. 1270 (108th)referred

Employee Leasing Organization Act of 2003

United States · United States Congress · 13 March 2003

Employee Leasing Organization Act of 2003 - Amends the Internal Revenue Code to provide that employee leasing organizations are considered employers for purposes of: (1) income tax withholding; (2) the federal unemployment tax; (3) the federal insurance contributions tax; (4) life and health insurance; and (5) 401(k) contributions, and etc.

Bill· HRH.R. 1271 (108th)open

Efficient Energy through Certified Technologies (EFFECT) Act of 2003

United States · United States Congress · 13 March 2003

Efficient Energy through Certified Technologies (EFFECT) Act of 2003 - Amends the Internal Revenue Code, with respect to energy use in buildings, to establish: (1) a deduction for certain energy efficient property used in business; (2) a credit for the construction of a new energy efficient home; and (3) a credit for certain nonbusiness energy property.

Bill· HRH.R. 1285 (108th)open

No Taxation Without Representation Act of 2003

United States · United States Congress · 13 March 2003

No Taxation Without Representation Act of 2003 - Provides for full voting representation in Congress for the residents of the District of Columbia, including two Senators and as many Representatives as a similarly populous State would be entitled to under the law. Treats the District of Columbia as a State. Prescribes a procedure for the first elections under this Act. Entitles the District to one Representative until the taking effect of the next reapportionment.

Bill· HRH.R. 1260 (108th)referred

Animal Drug User Fee Act of 2003

United States · United States Congress · 13 March 2003

Animal Drug User Fee Act of 2003 - Amends the Federal Food, Drug, and Cosmetic Act to direct the Secretary of Health and Human Services to assess and collect fees for an animal drug or a supplemental animal drug application (if it requires safety or effectiveness data). Requires payment upon submission or the application will be considered incomplete and not accepted. Excepts from payment applications which were previously filed but withdrawn or not approved without a waiver or refund. Assesses annual fees on animal drug products, establishments, and sponsors. Establishes a fee schedule for FY 2004 through 2008, including total fee revenues for animal drug products, establishments, and sponsors. Adjusts fees to reflect inflation, review workload, and operating reserves of carryover user fees (in the final year). Directs the Secretary to establish before each fiscal year, based on the fee schedule revenue amounts and the adjustments, the following: (1) animal drug application fees; (2) supplemental animal drug sponsor fees; (3) animal drug establishment fees; and (4) animal drug product fees. Reduces or waives fees: (1) in excess of administrative costs; (2) that present a significant barrier to innovation; (3) if an animal drug application or supplemental animal drug application is intended solely for use of an animal drug in specified types of feed; (4) if an animal drug application or supplemental animal drug application is intended solely to provide for minor uses or use in minor species; or (5) for first applications by a small business. Makes fees available for obligation only to the extent provided in advance in appropriations Acts. Offsets any excess fees against subsequent appropriations.

Bill· HRH.R. 1266 (108th)referred

To amend the Internal Revenue Code of 1986 to modify the credit for the production of fuel from nonconventional sources and the credit for the production of electricity to include landfill gas.

United States · United States Congress · 13 March 2003

Amends the Internal Revenue Code (IRC) provision concerning the credit for producing fuel from a nonconventional source to provide, in general, that in the case of a facility for producing qualified fuel from landfill gas which is placed in service after June 30, 1998, and before January 1, 2008, the provision shall apply to fuel produced at such facility during the five-year period beginning on the later of: (1) the date such facility was placed in service; or (2) enactment. Amends the IRC provision concerning electricity produced from certain renewable sources to: (1) include landfill gas as a qualified energy resource; and (2) include, in the case of a facility using landfill gas to produce electricity, as a qualified facility any such facility owned by the taxpayer which is originally placed in service before January 1, 2008.

Bill· SS. 602 (108th)open

New Homestead Act of 2003

United States · United States Congress · 12 March 2003

New Homestead Act of 2003 - Directs the Secretary of Education to repay a specified percentage (up to $2,000 per year) of certain education loans to an individual who completes a degree and both resides and is employed in a qualifying county outside a metropolitan statistical area which for 20 years has a net out-migration of inhabitants of at least ten percent of the county population. Amends the Internal Revenue Code to allow a tax credit for a specified portion of the purchase price of a qualified residence in such a rural county. Allows a capital loss deduction with respect to sale or exchange of principal residence in certain rural areas. Provides for the creation of tax-exempt individual homestead accounts, which shall receive matching Federal contributions according to a specified formula, whose tax-free distributions after five years are used for qualified higher education or medical expenses, first-time homebuyer or business capitalization costs, or rollovers. Establishes a rural investment tax credit of 70 percent of the present value of new buildings (including rehabilitation projects) or 30 percent of the present value of existing buildings. Establishes a qualified rural investment small business investment credit of 30 percent of qualified expenditures. Provides for accelerated depreciation of property in rural investment projects. New Homestead Venture Capital Fund Act - Amends the Consolidated Farm and Rural Development Act to provide for establishment of new homestead venture capital funds, owned by private investors, which shall generate and provide equity capital to rural businesses.

Bill· HRH.R. 1223 (108th)open

Internet Gambling Licensing and Regulation Commission Act

United States · United States Congress · 12 March 2003

Internet Gambling Licensing and Regulation Commission Act - Establishes the Internet Gambling Licensing and Regulation Study Commission to conduct a comprehensive study of the existing legal framework governing Internet gambling and the issues involved with the licensing and regulation of Internet gambling. Requires matters studied to include: (1) a review of existing laws governing wagering over the Internet; (2) the impact of Internet gambling with respect to problem gambling, the availability of gambling to minors, and its susceptibility to money laundering by terrorists or criminal enterprises; (3) the potential of regulatory measures to minimize adverse impacts of Internet gambling; (4) an evaluation of the personal use of credit, credit cards, electronic fund transfers, and bank instruments to fund Internet gambling; (5) federalism issues; (6) the problems of unregulated international Internet wagering and Federal options in seeking international cooperation; and (7) an assessment of European Union member state activities to regulate and license Internet gambling. Requires the Commission to issue proposed changes which: (1) preserve the prerogatives of States and tribal sovereignty; (2) include measures to minimize adverse impacts of Internet gambling and to eliminate the disparate treatment of various forms of Internet gambling (with an exception); (3) provide for the appropriate taxation of Internet gambling enterprises; (4) provide for the licensing of enterprises both within and outside of the United States; (5) remain consistent with U.S. goals, principles, and obligations in other international negotiations governing electronic commerce; and (6) include measures to discourage, prohibit, or prevent U.S. citizens from wagering with unlicensed Internet gambling operations outside the United States.

Bill· HRH.R. 1249 (108th)open

Freedom From Unnecessary Litigation Act of 2003

United States · United States Congress · 12 March 2003

Freedom From Unnecessary Litigation Act of 2003 - Amends the Internal Revenue Code to: (1) allow a credit for the cost of insurance purchased to cover the costs of a negative outcome from surgery; and (2) exclude from gross income medical malpractice awards granted in binding arbitration.

Bill· HRH.R. 1234 (108th)referred

High Productivity and Economic Growth Act of 2003

United States · United States Congress · 12 March 2003

High Productivity and Economic Growth Act of 2003 - Amends the Internal Revenue Code to allow the expensing of the cost of high productivity property (defined as certain computer and computer related property, electronic equipment, semiconductor manufacturing equipment, optical fiber equipment, advanced environmental or life science products, and etc.). Directs that an election to treat property in such a fashion shall be made on an asset by asset basis, and that the cost of such property shall not include so much of the basis as is determined by reference to the basis of other property held at any time by the taxpayer. Provides for a recapture if the property is not used predominately in a trade or business at any time. Excludes certain property from qualifying for high productivity expensing. Makes permanent the 30 percent expensing for certain property acquired after September 10, 2001. Prescribes that the depreciation rules shall not be modified for purposes of the alternative minimum tax.

Bill· HRH.R. 1233 (108th)referred

Alternative Minimum Tax Repeal Act of 2003

United States · United States Congress · 12 March 2003

Alternative Minimum Tax Repeal Act of 2003 - Amends the Internal Revenue Code to repeal the alternative minimum tax.

Bill· HRH.R. 1232 (108th)referred

Technology Investment Incentive Act of 2003

United States · United States Congress · 12 March 2003

Technology Investment Incentive Act of 2003 - Amends the Internal Revenue Code to: (1) permit the expensing of certain technological equipment and computer software; and (2) include, for recovery purposes, as three-year property certain wireless telecommunications equipment, advanced services equipment, network or network system equipment, and research expenses for software development.

Bill· HRH.R. 1222 (108th)referred

To permit a special amortization deduction for intangible assets acquired from eligible small businesses to take account of the actual economic useful life of such assets and to encourage growth in industries for which intangible assets are an important source of revenue.

United States · United States Congress · 12 March 2003

Amends the Internal Revenue Code to allow a special amortization tax deduction for up to $5 million of the intangible property acquired from an eligible small business (i.e., a business with gross receipts not exceeding $5 million for the three preceding taxable years) after December 31, 2002.

Bill· HRH.R. 1231 (108th)reported

To amend the Internal Revenue Code of 1986 to allow Federal civilian and military retirees to pay health insurance premiums on a pretax basis and to allow a deduction for TRICARE supplemental premiums.

United States · United States Congress · 12 March 2003

Amends the Internal Revenue Code to permit: (1) Federal civilian and military retirees to pay Federal Employees Health Benefits Program and TRICARE supplemental premiums on a pretax basis; and (2) a deduction (available to itemizers and nonitemizers) for TRICARE supplemental premiums and enrollment fees. Sets an implementation deadline of the first open enrollment period beginning not less than 90 days following enactment.

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