Taxation

Fuel Cell Industrial Vehicle Jobs Act of 2011

United States · United States Congress · 15 April 2011

Fuel Cell Industrial Vehicle Jobs Act of 2011 - Amends the Internal Revenue Code to: (1) allow a $4,000 new qualified fuel cell motor vehicle tax credit for motor vehicles weighing not more than 8,500 pounds that are manufactured primarily for use in carrying or towing loads or materials for commercial or industrial purposes (off-highway vehicles); (2) continue the maximum dollar amount of $8,000 for motor vehicles with at least 4 wheels weighing not more than 8,500 pounds that are manufactured primarily for use on public streets, roads and highways; (3) allow an enhanced credit for light (not more than 8,500 pounds) and heavy (more than 8,500 pounds) vehicles if such vehicles' fuel cell systems achieve a specified electricity generation efficiency rating; and (4) allow a new energy tax credit, through December 31, 2016, for qualified fuel cell property that is manufactured for use in powering qualified motive property. Defines "qualified motive property" as property which is manufactured primarily for carrying loads or materials for commercial or industrial purposes not on public streets, road, highways, or rails or operated primarily for recreational purposes.

Indian Country Economic Development Act

United States · United States Congress · 15 April 2011

Indian Country Economic Development Act - Amends the National Labor Relations Act to provide that any enterprise or institution owned and operated by an Indian tribe and located on its lands is not considered an employer (thus excluding such enterprises or institutions from coverage by such Act). Amends the Internal Revenue Code (IRC) to exclude from gross income student loan repayments: (1) under the Indian Health Care Improvement Act, and (2) by the Bureau of Indian Education on behalf its employees whose responsibilities include working with or instructing students who attend schools the Bureau oversees. Amends the IRC and the Employee Retirement Income Security Act of 1974 (ERISA) to treat the pension plans of Indian tribal governments as other governmental pension plans are treated. (Currently, tribal government pension plans that include employees performing commercial activities are not considered to be governmental plans.) Permits the issuance of tax-exempt bonds by an Indian tribal government or subdivision if: (1) the obligation is part of an issue substantially all of whose proceeds are to be used in the exercise of an essential government function, or (2) at least 95% of the net proceeds are used to finance facilities on the Indian reservation. Amends the Securities Act of 1933 to exempt obligations issued by an Indian tribal government or subdivision from registration requirements. Amends the IRC to provide an employment tax credit to technology companies in Indian country that supply the federal government with domestic sole-sourced technology. Extends to any Indian tribe the discretion granted under current law only to the Navajo Nation to lease restricted lands without the approval of the Secretary of the Interior in specified circumstances. Amends the Civil Rights Act of 1964 to provide that the granting of a preference to a member of an Indian tribe by the tribe on account of such membership is not a violation of the prohibition against discrimination under federally assisted programs on the ground of a person's race, color, or national origin. Allows Indian tribes and tribal organizations to submit proposals to have assistance from more than one federal program integrated to support a community, economic, or business development project that is consistent with the goals of those programs. Requires the federal agency most affected by such a proposal to consult with the other agencies involved and the Department of the Interior in deciding whether or not to approve the proposal and facilitate its implementation. Authorizes federal agencies to enter into agreements with states for joint financing of such projects.

Justice for Sergei Magnitsky Act of 2011

United States · United States Congress · 15 April 2011

Justice for Sergei Magnitsky Act of 2011 - Makes an alien ineligible for entry or admission to the United States when the Secretary of State determines such alien to be: (1) an individual who engaged in any act that was instrumental in causing the death of Sergei Leonidovich Magnitsky or who engaged in any act that was instrumental in concealing the legal liability of any person for the detention, abuse, or death of Sergei Leonidovich Magnitsky; (2) an individual who conspired to defraud the Russian Federation of taxes on corporate profits because of fraudulent transactions and lawsuits against the Hermitage foreign investment company; or (3) the spouse, son, daughter, or parent of such alien. Revokes any visa issued for such person. Authorizes the Secretary to waive such prohibition if in the U.S. national interest. States that such provisions shall cease to be effective when the Secretary certifies to Congress that: (1) the government of the Russian Federation has conducted a thorough and impartial investigation into Mr. Magnitsky's detention and death and the responsible individuals have been brought to justice according to the Russian Federation's laws and pursuant to its international legal obligations, (2) the government of the Russian Federation has taken steps to bring its criminal justice and penal systems into compliance with international legal standards, and (3) the U.S. government is confident that the investigation was properly conducted. Directs the Secretary of the Treasury to: (1) instruct domestic financial institutions and agencies to take specified measures if the Secretary makes a money laundering determination relating to such conspiracy, and (2) freeze and prohibit U.S. property transactions of an individual who is prohibited from entering the United States or acts as an agent for an such individual. States that such provisions shall cease to be effective when the Secretary of the Treasury certifies to Congress that: (1) the government of the Russian Federation has conducted a thorough and impartial investigation into the conspiracy to defraud the Russian Federation of taxes on corporate profit and the responsible individuals have been brought to justice according to the Russian Federation's laws and pursuant to its international legal obligations, (2) the government of the Russian Federation has taken steps to bring its criminal justice systems into compliance with international financial and banking standards and has strengthened protections for individuals who disclose illegal government activities, and (3) the U.S. government is confident that the investigation was properly conducted.

To amend title 10, United States Code, to authorize advance appropriations for military personnel, reserve personnel, and National Guard personnel accounts of the Department of Defense, generally title I of the annual Department of Defense appropriations Act.

United States · United States Congress · 15 April 2011

Requires that, for each fiscal year beginning with FY2012, discretionary new budget authority provided in an appropriations Act for the military personnel accounts of the Department of Defense (DOD) shall: (1) be made available for that fiscal year; and (2) include, for each account, advance discretionary new budget authority that first becomes available for the first fiscal year after the budget year. Directs the Secretary of Defense to: (1) include in annual budget documents detailed estimates of the funds necessary for the military personnel accounts for the fiscal year following the fiscal year for which the budget is submitted, and (2) report annually to Congress on the sufficiency of DOD resources for the next fiscal year for the provision of military pay and allowances for regular and reserve military personnel.

Superfund Reinvestment Act

United States · United States Congress · 15 April 2011

Superfund Reinvestment Act - Amends the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA) to authorize the use of amounts in the Hazardous Substance Superfund for environmental cleanup costs authorized by such Act. Provides that receipts and disbursements of the Hazardous Substance Superfund: (1) shall not be counted as new budget authority, outlays, receipts, or deficit or surplus, for purposes of the President's budget, the congressional budget, the Balanced Budget and Emergency Deficit Control Act of 1985, or the Statutory Pay-As-You-Go Act of 2010; (2) shall be exempt from any general budget limitations; and (3) shall be available only for the purposes specified in CERCLA. Amends the Internal Revenue Code to reinstate until December 31, 2018, the Hazardous Substance Superfund financing rate and the corporate environmental income tax and extend the borrowing authority of the Superfund through 2021.

Trash Reduction Act of 2011

United States · United States Congress · 15 April 2011

Trash Reduction Act of 2011 - Amends the Internal Revenue Code to require retailers to pay a $0.05 excise tax on each disposable carryout bag provided to a consumer. Defines "disposable carryout bag" to mean a bag of any material, commonly plastic or kraft paper, which is provided to a consumer at the point of sale to carry or cover purchases, merchandise, or items. Exempts reusable bags and certain other bags used for specified purposes from such tax. Allows a refund of such tax for retailers who establish a disposable carryout bag recycling program. Establishes in the Treasury the Disposable carryout bag Trust Fund to hold tax revenues generated by this Act. Directs the Secretary of the Treasury to make payments from such Trust Fund for the disposable carryout bag recycling program and for the land and water conservation fund established by the Land and Water Conservation Fund Act of 1965. Directs the Comptroller General to report to Congress on the effectiveness of this Act in reducing the use of disposable carryout bags and encouraging recycling of such bags.

State Highway Flexibility Act

United States · United States Congress · 15 April 2011

State Highway Flexibility Act - Allows a state to elect not to participate in the federal-aid highway program, including any federal highway program under the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users (SAFETEA-LU). Directs the Secretary of Transportation (DOT), beginning in FY2011, to carry out a direct federal-aid highway program to permit a state governor or chief executive officer, at least 90 days before the beginning of a fiscal year, to elect to: (1) waive the state's right to receive apportioned or allocated funds under the federal-aid highway program, and (2) receive instead a prorated amount of taxes appropriated to the Highway Trust Fund (other than for the Mass Transit Account) which are attributable to highway users in the state. Requires a pro rata reduction of such tax-equivalent amount in order to fund contract authority for programs of the National Highway Traffic Safety Administration (NHTSA) and the Federal Motor Carrier Safety Administration (FMCSA). Requires the state governor or chief executive officer making an election to: (1) agree to maintain the Interstate System in accordance with its current Interstate System program; (2) submit a plan describing the purposes, projects, and uses to which such amounts will be put and the federal-aid highway programmatic requirements the state elects to continue; and (3) agree to obligate program amounts exclusively for projects that would be eligible for surface transportation program funding. Directs the Secretary to carry out a similar alternative funding program for public transportation programs.

Ponzi Scheme Victims' Tax Relief Act of 2011

United States · United States Congress · 15 April 2011

Ponzi Scheme Victims' Tax Relief Act of 2011- Amends the Internal Revenue Code to allow: (1) a special theft loss tax deduction for qualified fraudulent investment losses and for such losses in connection with assets held in an individual retirement account (IRA); (2) a carryback of net operating losses which are qualified fraudulent investment losses for up to 10 years; (3) withdrawals from tax-exempt retirement plans for a 10-year period without penalty to replace qualified fraudulent investment losses; (4) catch-up contributions to retirement plans to compensate for fraudulent investment losses; and (5) an extension of the limitation period for filing refund claims for overpayments of tax in connection with gifts and bequests of an interest in an investment for which there is a qualified fraudulent investment loss. Defines "qualified fraudulent investment loss" as a loss discovered in 2008 or 2009 resulting from a fraudulent arrangement in which a person receives cash or property from investors, purports to earn income for investors, reports partially or wholly fictitious income to such investors, makes payments to some investors from payments made by other investors, and appropriates some or all of the investors' cash or property. Waives for a one-year period after the enactment of this Act the application of any law or rule of law (including res judicata) which prevents any credit or refund otherwise allowed by this Act.

Superfund Polluter Pays Act

United States · United States Congress · 15 April 2011

Superfund Polluter Pays Act - Amends the Internal Revenue Code by reinstating until January 1, 2019, the Hazardous Substance Superfund financing rate and the corporate environmental income tax.

Tax Equity Act of 2011

United States · United States Congress · 15 April 2011

Tax Equity Act of 2011 - Amends the Internal Revenue Code to provide regional cost-of-living adjustments in individual income tax rates. Directs the Secretary of Labor to determine and publish a regional cost-of-living index for each metropolitan statistical area.

Social Security and Medicare Protection Act

United States · United States Congress · 15 April 2011

Social Security and Medicare Protection Act - Amends the Congressional Budget Act of 1974 to make it out of order in the House of Representatives or the Senate to consider any concurrent resolution on the budget (or related measure) that would set forth a surplus for any fiscal year less than the combined surpluses of the Federal Hospital Insurance Trust Fund, the Federal Old-Age and Survivors Insurance Trust Fund, and the Federal Disability Insurance Trust Fund for that fiscal year. Makes it out of order in the House of Representatives or the Senate to consider any (spending or tax) measure if its enactment would cause the surplus for any fiscal year covered by the most recently agreed to budget resolution to be less than such combined Fund surpluses.

Stephanie Tubbs Jones Assets for Independence Reauthorization Act of 2011

United States · United States Congress · 15 April 2011

Stephanie Tubbs Jones Assets for Independence Reauthorization Act of 2011 - Amends the Assets for Independence Act, which provides for demonstration projects designed to provide individuals and families of limited means with an incentive to save a portion of their earned income and thereby accumulate assets, increase their economic self-sufficiency, and stabilize such families and the communities in which they live. Expresses the sense of Congress that a qualified entity conducting a demonstration project under the Act should, to the maximum extent practicable, increase: (1) the rate at which it matches contributions by participating individuals, or (2) the number of such participating individuals. States that multiple households may share a single residence. Specifies public housing agencies and tribally designated housing entities as entities qualified to participate in a demonstration project. Repeals the requirement that state or local government or other public agencies apply jointly with a tax-exempt not-for-profit charitable organization or collaborate with certain kinds of local community-based organizations. Includes among postsecondary educational expenses any expenses for preparatory courses, room and board, and transportation. Revises requirements for: (1) applications for new and renewals of existing projects; (2) limitations on uses of the Reserve Fund; and (3) the adjusted gross household income eligibility test, requiring regulations for transfers from one project to another for individuals who move because of major disasters or emergencies, to find employment, or to a community where no project is available. Revises requirements for deposits by qualified entities in the individual development accounts (IDAs) of participating individuals to: (1) increase maximum deposits per individual and per household; (2) facilitate withdrawal of funds from an IDA, with formal approval, during the year following the end of a demonstration project; and (3) require disposal of funds remaining in an IDA at the end of that year. Requires the Secretary of Health and Human Services (HHS), acting through the Director of Community Services, to make every effort, 90 days after terminating the authority of one qualified entity to operate a demonstration project, to identify another qualified entity (or entities), in the same or a different community, willing and able to conduct one or more demonstration projects. Specifies criteria for giving priority consideration to candidate entities. Revises requirements for contracting with independent research organizations to evaluate demonstration projects. Authorizes the Secretary to: (1) use certain funds to cover the necessary costs of training for a qualified entity conducting a demonstration project, including costs of travel, accommodations, and meals; and (2) waive any requirement of the Act in certain circumstances.

Family Cord Blood Banking Act of 2011

United States · United States Congress · 15 April 2011

Family Cord Blood Banking Act of 2011 - Amends the Internal Revenue Code to treat the cost of private umbilical cord blood banking services as a medical care expense for purposes of the tax deduction for medical expenses.

Clean Energy Business Zone Act of 2011

United States · United States Congress · 15 April 2011

Clean Energy Business Zone Act of 2011 and the Clean Energy Empowerment Zone Act of 2011 - Amends the Internal Revenue Code to: (1) authorize the Secretary of the Treasury to designate 40 clean energy business zones between 2011 and 2014, (2) allow an increased tax credit for wages paid in such a zone, (3) allow a work opportunity tax credit for wages paid to an employee in such a zone, (4) allow financing of any qualified Green building or clean energy facility with clean renewable energy bonds, (5) allow increased expensing of property in such a zone, and (6) allow an exclusion from gross income of gain from the sale or exchange or any clean energy business zone asset held for more than five years. Amends the Small Business Act and the Small Business Investment Act of 1958 to waive loan fees for qualified Green building and clean energy facility loans made before 2022.

CAP Act of 2011

United States · United States Congress · 15 April 2011

Commitment to American Prosperity Act of 2011 or CAP Act of 2011 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to require: (1) the Office of Management and Budget (OMB) to estimate the Gross Domestic Product (GDP) outlay limit for the target fiscal year at the outset of the previous fiscal year, on April 30, on August 20, and 15 days after the conclusion of the fiscal year; (2) the Congressional Budget Office (CBO) to provide advisory reports calculating the GDP outlay limit at identical times; and (3) a sequestration by OMB within 45 calendar days after the beginning of a fiscal year to eliminate the excess outlay amount. Prescribes requirements for CBO and OMB advisory sequestration preview reports and an OMB final sequestration report, accompanied by a presidential order detailing the uniform spending reduction. Requires the House and the Senate budget committees to report a resolution directing their committees to change the existing law to achieve the goals outlined in the OMB August 20 report if it projects a sequestration. Allows total federal outlays to exceed the GDP outlay limit if during the fiscal year the excess amount is being paid to reduce the public debt or the public debt is zero. States that if, after November 15, a bill resulting in outlays for the current fiscal year is enacted that causes excess outlays, the excess outlays for the next fiscal year shall be increased by the amount or amounts of that breach. Amends the Congressional Budget Act of 1974 to make it out of order in both chambers to consider any bill, joint resolution, amendment, or conference report that includes any provision that would cause the most recently reported current GDP outlay limits in the Gramm-Rudman-Hollings Act to be exceeded. Prescribes procedures for waiver or suspension of this rule.

Children's Budget Act

United States · United States Congress · 15 April 2011

Children's Budget Act - Requires the President's annual budget to Congress to include a detailed, separate analysis for the prior fiscal year, the current fiscal year, the fiscal year for which the budget is submitted, and the ensuing fiscal year identifying the amounts of gross and net appropriations or obligational authority and outlays directed to children and children's programs within the United States and territories.

Tax Cuts for America Act of 2011

United States · United States Congress · 15 April 2011

Tax Cuts for America Act of 2011 - Amends the Internal Revenue Code to make permanent: (1) the tax credit for differential wage payments for employees who are active duty members of the uniformed services, (2) the tax deduction for charitable contributions of book inventories to public schools, (3) the tax deduction for certain expenses of elementary and secondary school teachers, (4) the tax deduction for qualified tuition and related expenses, and (5) the tax deduction for state and local sales taxes in lieu of state and local income taxes. Amends the Housing and Economic Recovery Act of 2008 to make permanent the exclusion from income of military basic housing allowances for purposes of the low-income housing tax credit. Makes permanent provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 relating to the tax exclusion for employer-provided educational assistance and the tax deduction for interest on student loans.

Veterans' Home Loan Improvement Act of 2011

United States · United States Congress · 15 April 2011

Veterans' Home Loan Improvement Act of 2011 - Amends the Internal Revenue Code to expand the eligibility of veterans for mortgage financing under the veterans' mortgage revenue bond program by redefining "qualified veteran" as any veteran who served on active duty.

Open Space Preservation Promotion Act of 2011

United States · United States Congress · 15 April 2011

Open Space Preservation Promotion Act of 2011 - Amends the Internal Revenue Code to allow installment sales treatment for land sold to a governmental unit or tax-exempt charitable organization for conservation purposes even though the purchase funds for such sale are held in a sinking or similar fund, as required by state law.

Farmland Preservation and Land Conservation Act of 2011

United States · United States Congress · 15 April 2011

Farmland Preservation and Land Conservation Act of 2011- Amends the Internal Revenue Code to allow an estate and gift tax exclusion for real property located in the United States which at the time of a decedent's death was being used as a farm for farming purposes or exclusively for conservation purposes. Imposes: (1) an additional estate or gift tax with respect to such property if an heir or donee disposes of or uses such property for other than farming or conservation purposes, and (2) a federal tax lien on such property until liability for estate or gift tax with respect to such property has been satisfied or has become unenforceable.

Taxpayer Receipt Act of 2011

United States · United States Congress · 15 April 2011

Taxpayer Receipt Act of 2011 - Amends the Internal Revenue Code to require the Secretary of the Treasury to provide individual taxpayers via U.S. mail by October 15 of each year a tax receipt for income taxes reported for the preceding taxable year. Requires such tax receipt to: (1) state the amount of taxes paid by, and any refund made to, the taxpayer; (2) contain tables listing expenditures in categories of the federal budget and the 10 most costly tax expenditures; (3) contain an annual budget review prepared by the Secretary in consultation with the Congressional Budget Office (CBO); and (4) contain the Internet address of the website of the Department of Treasury providing more detailed tax and spending information.

Dave Thomas Adoption Act of 2011

United States · United States Congress · 15 April 2011

Dave Thomas Adoption Act of 2011 - Amends the Internal Revenue Code to allow penalty-free withdrawals from individual retirement plans if used to pay adoption expenses, including an enhanced allowance for expenses related to the adoption of a special needs child.

To amend the Internal Revenue Code of 1986 to provide a tax credit to employers for the value of the service not performed during the period employees are performing service as members of the Ready Reserve or the National Guard.

United States · United States Congress · 15 April 2011

Amends the Internal Revenue Code to provide employers a business tax credit for up to 10% of compensation not paid to their employees who were members of the Ready Reserve or National Guard absent from work to perform active duty. Limits such credit to $2,000 for any one Ready Reserve-National Guard employee per year.

[H.A.S.C. No. 112-44]TESTIMONY FROM MEMBERS ON THEIR NATIONAL DEFENSE PRIORITIES FOR THE FISCAL YEAR 2012 NATIONAL DEFENSE AUTHORIZATION BILL

United States · United States House of Representatives · 14 April 2011

COMMERCE, JUSTICE, SCIENCE, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2012

United States · United States Senate · 14 April 2011

COMMERCE, JUSTICE, SCIENCE, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2012

United States · United States Senate · 14 April 2011

MILITARY CONSTRUCTION AND VETERANS AFFAIRS, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2012

United States · United States Senate · 14 April 2011

ASSESSING THE FISCAL YEAR 2012 BUDGET FOR AFRICA

United States · United States Senate · 14 April 2011

Resources and Ecosystems Sustainability, Tourist Opportunities, and Revived Economies of the Gulf Coast States Act of 2011

United States · United States Congress · 14 April 2011

Resources and Ecosystems Sustainability, Tourist Opportunities, and Revived Economies of the Gulf Coast States Act of 2011 - Establishes in the Treasury the Gulf Coast Restoration Trust Fund to be available for expenditure for programs and projects to restore, protect, and make sustainable use of the natural resources, ecosystems, fisheries, marine habitats, coastal wetlands, and the economy of the Gulf Coast states of Alabama, Florida, Louisiana, Mississippi, and Texas. Requires the Secretary to deposit in the Fund 80% of all administrative, civil, and criminal penalties paid after this Act's enactment in connection with the explosion on, and sinking of, the mobile offshore drilling unit Deepwater Horizon pursuant to a court order, negotiated settlement, or other instrument in accordance with the Federal Water Pollution Control Act (commonly known as the Clean Water Act). Amends the Clean Water Act to require 35% of amounts made available from the Fund in any fiscal year to be disbursed to the Gulf Coast states in equal shares. Authorizes such amounts to be used for: (1) coastal protection projects; (2) mitigation of damage to, and restoration of, fish, wildlife, or natural resources; (3) implementation of a federally approved marine, coastal, or comprehensive conservation management plan, including fisheries monitoring; and (4) programs to promote tourism and the consumption of Gulf Coast seafood. Authorizes a governor of a Gulf Coast state, in awarding contracts for such a project or program, to give a preference to individuals and companies that reside in, are headquartered in, or are principally engaged in business in, a Gulf Coast state. Establishes the Gulf Coast Ecosystem Restoration Council to: (1) publish a Comprehensive Plan for, and to undertake, projects and programs to restore and protect the natural resources, ecosystems, fisheries, marine habitats, and coastal wetland of the Gulf Coast ecosystem; (2) update such Plan every five years; (3) coordinate the development of consistent policies, strategies, plans, and activities  addressing the restoration and protection of the Gulf Coast ecosystem and associated research; and (4) prepare an integrated financial plan and recommendations for coordinated budget requests for the amounts proposed to be expended by the federal agencies represented on the Council for projects and programs in the Gulf Coast states. Requires 60% of the total amount made available from the Fund to be disbursed to the Council to carry out the Plan. Establishes within the National Oceanic and Atmospheric Administration (NOAA) the Gulf Coast Ecosystem Restoration Science, Monitoring, and Technology Program, under which the NOAA Administrator shall provide grants to establish and operate a center of excellence in each of the Gulf Coast states. Requires each center to focus its curriculum on science, technology, and monitoring in at least one of the following: (1) coastal wetland restoration and protection; (2) coastal and marine fisheries and wildlife ecosystem research, monitoring, mapping, and recovery; (3) offshore energy development; (4) sustainable growth, economic, and commercial development; and (5) port, harbor, and waterway construction and maintenance. Allocates 5% of Fund amounts to such Program.

Tax Return Due Date Simplification and Modernization Act of 2011

United States · United States Congress · 14 April 2011

Tax Return Due Date Simplification and Modernization Act of 2011 - Amends the Internal Revenue Code to change tax return due dates for partnerships (from April 15 to March 15, with extensions until September 15), S corporations (from March 15 to March 31, with extensions until September 30), and C corporations (from March 15 to April 15, with extensions until October 15). Requires the Secretary of the Treasury, for taxable years beginning after December 31, 2011, to modify by regulation the due dates for extensions of tax returns for partnerships, estates, employee benefit plans, and tax-exempt organizations. Sets a due date of April 15 for the annual information return of a foreign trust with a U.S. owner and for the report of foreign bank and financial accounts (with extensions until October 15). Extends the automatic extension for corporation income tax returns from three to six months.

Race to the Top Act of 2011

United States · United States Congress · 14 April 2011

Race to the Top Act of 2011 - Directs the Secretary of Education to award competitive grants to states and local educational agencies (LEAs) to implement reforms and innovations designed to improve educational outcomes significantly for all students and reduce achievement gaps significantly among specified student subgroups. Requires each grant applicant to have a comprehensive and coherent plan for doing so that includes, if applicable: (1) improving the effectiveness of teachers and school leaders and promoting their equitable distribution; (2) strengthening the use of data to improve education; (3) implementing internationally benchmarked, college- and career-ready elementary and secondary academic standards; (4) turning around its lowest-performing schools; (5) supporting, or coordinating with, early learning programs for high-need children from birth through third grade; and (6) creating or maintaining successful conditions for high-performing charter schools and other innovative, autonomous public schools. Requires each grantee to establish performance measures that track its progress in implementing its plan, and improving educational outcomes for students and specified student subgroups. Gives grant priority to LEAs with the highest number or percentages of impoverished children and those that serve rural schools. Requires each state grantee to use at least 50% of its grant for subgrants to LEAs that participate in its plan. Allows LEAs to receive a grant and subgrant for the same fiscal year.

Hunting, Fishing, and Recreational Shooting Protection Act

United States · United States Congress · 14 April 2011

Hunting, Fishing, and Recreational Shooting Protection Act - Amends the Toxic Substances Control Act (TSCA) to exclude from the definition of "chemical substance" for purposes of such Act: (1) any component of  any pistol, revolver, firearm, shell, or cartridge the sale of which is subject to federal excise tax, including shot, bullets and other projectiles, propellants, and primers; and (2) any sport fishing equipment the sale of which is subject to federal excise tax and sport fishing equipment components.

Transportation Access for All Americans Act

United States · United States Congress · 14 April 2011

Transportation Access for All Americans Act - Amends the Internal Revenue Code to: (1) allow accelerated depreciation of applicable leased highway property, and (2) provide for amortization of intangibles relating to such property. Defines "applicable leased highway property" as property subject to a lease between a taxpayer and a governmental entity under which the taxpayer leases a highway and associated improvements, receives a right-of-way on public lands underlying such highway and improvements, and receives a grant of a franchise or other intangible right to receive payments relating to the operation of such highway. Prohibits private activity bond financing of applicable leased highway property.

A PLUS Act

United States · United States Congress · 14 April 2011

Academic Partnerships Lead Us to Success Act or A PLUS Act - Allows each state to enter into a five-year performance agreement with the Secretary of Education permitting it to receive federal funds on a consolidated basis that would otherwise be directed toward specific programs furthering the stated purpose of title I (Improving the Academic Achievement of the Disadvantaged) of the Elementary and Secondary Education Act of 1965. Requires each agreement to be approved by a combination of specified state parties, and list the programs for which consolidated funding is requested. Allows states to use such funds for any educational purpose permitted by state law, but requires them to make certain assurances that they will use fiscal control and fund accounting procedures, abide by federal civil rights laws, and advance educational opportunities for the disadvantaged. Allows amendments to the scope of performance agreements. Requires each agreement state to: (1) maintain an accountability system measuring annual student progress toward state proficiency standards, (2) disseminate annually student performance data disaggregated by specified student groups, and (3) keep aggregate spending on elementary and secondary education at no less than 90% of such spending for the school year coinciding with this Act's enactment. Limits administrative expenses. Requires the inclusion of private schools and teachers in activities funded on a consolidated basis. Directs the Secretary to evaluate each performance agreement midway through its execution. Allows the Secretary to terminate an agreement whose terms are not met for three consecutive school years.

Job Creation Through Innovation Act

United States · United States Congress · 14 April 2011

Job Creation Through Innovation Act - Amends the Internal Revenue Code to: (1) increase and make permanent the tax credit for increasing research activities, (2) allow an increased research tax credit for manufacturers whose domestic production gross receipts are more than 50% of their total receipts, (3) make the research tax credit refundable for businesses with an average number of employees of 500 or fewer, and (4) expand the qualifying advanced energy project credit by allocating in 2011 $5 billion of grants or tax credit amounts to manufacturers of goods and components (other than for assembly of components) in the United States that are used in alternative energy projects. Amends the American Recovery and Reinvestment Tax Act of 2009 to extend the grant program for investment in renewable energy property, including renewable resources used to produce electricity and fuel cell, solar, wind, geothermal, and microturbine property, in lieu of tax credits, by extending the placed-in-service deadline for such property through 2012. Extends through September 30, 2013, the deadline for submitting grant applications for such program.

A bill to amend the Internal Revenue Code of 1986 to require all wage withholding returns to be filed electronically.

United States · United States Congress · 14 April 2011

Amends the Internal Revenue Code to require all employers to file wage withholding return information on magnetic media. Allows a waiver of such requirement for employers demonstrating hardship or having five or fewer employees.

SMART Act

United States · United States Congress · 14 April 2011

Simplified, Manageable, And Responsible Tax Act or the SMART Act - Amends the Internal Revenue Code to replace the marginal income tax rates with a single rate of 17% on individual taxable income. Redefines "taxable income" to mean the amount by which wages, retirement distributions, and unemployment compensation exceed the standard deduction. Increases the basic standard deduction and includes an additional standard deduction for dependents. Includes in taxable income the taxable income of each dependent child under the age of 14. Replaces the current tax on corporations with a tax on every person engaged in a business activity equal to 17% of the business taxable income of such person. Makes the person engaged in the business activity liable for the tax, whether or not such person is an individual, a partnership, or a corporation. Imposes a tax of 17% on the value of excludable compensation provided during the year by an employer for the benefit of employees. Makes the employer liable for the tax. Repeals pension plan rules relating to : (1) non-discrimination, (2) contribution limits, and (3) restrictions on distributions. Revises rules relating to transfers of excess pension assets. Repeals: (1) the alternative minimum tax; (2) all income tax credits; (3) estate, gift, and generation-skipping transfer taxes; and (4) income tax provisions, except certain provisions relating to retirement distributions and tax-exempt organizations. Declares it not in order in the House of Representatives or the Senate, unless waived or suspended by a three-fifths vote, to consider any legislation that increases or adds an income tax rate, reduces the standard deduction, or provides any exclusion, deduction, credit, or other benefit that reduces federal revenues.

September 11 Family Humanitarian Relief and Patriotism Act of 2011

United States · United States Congress · 14 April 2011

September 11 Family Humanitarian Relief and Patriotism Act of 2011 - Provides permanent resident status adjustment for an applicant alien who: (1) was on September 10, 2001, the spouse, child, or unmarried son or daughter of an alien who died as a direct result of the September 11, 2001, terrorist activity against the United States; (2) was deemed to be a beneficiary of, and by, the September 11th Victim Compensation Fund of 2001; (3) has no federal tax liability; (4) made a proffer of information to the Secretary of Homeland Security (DHS) between April 24, 2008, and August 15, 2008, in connection with a request for immigration relief; and (5) applies not later than one year from the date of enactment of this Act. Makes the provisions of this Act inapplicable to an alien who is inadmissible or deportable under criminal or security grounds, including September 11, 2001, terrorist activity.

Volunteer Income Tax Assistance (VITA) Act of 2011

United States · United States Congress · 14 April 2011

Volunteer Income Tax Assistance (VITA) Act of 2011 - Directs the Secretary of the Treasury, through the Internal Revenue Service (IRS), to establish a Community Volunteer Income Tax Assistance Matching Grant Program (VITA grant program) for the development, expansion, or continuation of volunteer tax preparation programs to assist low-income taxpayers and members of underserved populations. Establishes the National Center to Promote Quality, Excellence, and Evaluation in Volunteer Income Tax Assistance. Requires such Center to: (1) promote the adoption of a universally accessible volunteer training platform for the preparation of federal income tax returns, (2) provide technical assistance to tax return preparation program managers, (3) identify and disseminate best practices related to tax site management, (4) support outreach and marketing efforts, and (5) provide evaluation of programs and activities funded under this Act.

A resolution designating April 15, 2011, as "National TEA Party Day".

United States · United States Congress · 14 April 2011

Designates April 15, 2011, as National TEA Party Day.

National Defense Authorization Act for Fiscal Year 2012

United States · United States Congress · 14 April 2011

National Defense Authorization Act for Fiscal Year 2012 - Authorizes appropriations to the Department of Defense (DOD) for FY2012 for: (1) procurement, including for aircraft, missiles, weapons and tracked combat vehicles, ammunition, and shipbuilding and conversion; (2) the Joint Improvised Explosive Device Defeat Fund; (3) research, development, test, and evaluation; (4) operation and maintenance; (5) military personnel; (6) Working Capital Funds; (7) the National Defense Sealift Fund; (8) the Joint Urgent Operational Needs Fund; (9) chemical agents and munitions destruction; (10) drug interdiction and counter-drug activities; (11) the Defense Inspector General; (12) the Defense Health Program; (13) the Armed Forces Retirement Home; (14) overseas contingency operations; (15) chemical demilitarization; (16) the North Atlantic Treaty Organization (NATO) Security Investment Program; (17) National Guard and reserve forces facilities; and (18) military base closure and realignment activities. Military Construction Authorization Act for Fiscal Year 2012 - Authorizes appropriations for FY2012 for military construction, military family housing, and energy conservation projects. Sets forth provisions or requirements concerning: (1) military personnel policy; (2) education and training; (3) military pay and allowances; (4) acquisition policy and management; (5) DOD organization and management; (6) civilian personnel; and (7) matters relating to foreign nations.

September 11 Family Humanitarian Relief and Patriotism Act of 2011

United States · United States Congress · 14 April 2011

September 11 Family Humanitarian Relief and Patriotism Act of 2011 - Provides permanent resident status adjustment for an applicant alien who: (1) was on September 10, 2001, the spouse, child, or unmarried son or daughter of an alien who died as a direct result of the September 11, 2001, terrorist activity against the United States; (2) was deemed to be a beneficiary of, and by, the September 11th Victim Compensation Fund of 2001; (3) has no federal tax liability; (4) made a proffer of information to the Secretary of Homeland Security (DHS) between April 24, 2008, and August 15, 2008, in connection with a request for immigration relief; and (5) applies not later than one year from the date of enactment of this Act. Makes the provisions of this Act inapplicable to an alien who is inadmissible or deportable under criminal or security grounds, including September 11, 2001, terrorist activity.

SAVE Act of 2011

United States · United States Congress · 14 April 2011

Small Businesses Add Value for Employees Act of 2011 or the SAVE Act of 2011 - Amends Internal Revenue Code provisions relating to employer-established simple individual retirement accounts (IRAs) to: (1) repeal certain restrictions on rollovers from simple IRAs, (2) allow employers to elect to terminate qualified salary reduction arrangements at any time during the year, (3) repeal the enhanced 25% penalty on premature withdrawals made from simple IRAs within the first two plan years, (4) allow additional nonelective employer contributions to simple IRAs, (5) establish automatic deferral IRAs, (6) allow a transfer of unused balances in flexible spending arrangements to a qualified retirement or eligible deferred compensation plan, (7) increase the tax credit for small employer pension plan startup costs, and (8) establish multiple small employer retirement plans that provide for automatic employee contributions. Requires the Office of Financial Education of the Department of the Treasury to develop and implement an outreach plan to educate small businesses on the types and benefits of available retirement plans. Requires the Secretaries of the Treasury and Labor to develop recommendations for small businesses to improve retirement outcomes. Requires the Secretary of the Treasury, in consultation with the Secretary of Education, to develop age-appropriate financial literacy curricula for elementary and secondary schools. Amends the Employee Retirement Income Security Act of 1974 (ERISA) to: (1) permit payroll deduction plans for individual retirement accounts or annuities, and (2) require disclosures relating to lifetime income from pension plans and annuities.

Race to the Top Act of 2011

United States · United States Congress · 14 April 2011

Race to the Top Act of 2011 - Directs the Secretary of Education to award competitive grants to states and local educational agencies (LEAs) to implement reforms and innovations designed to improve educational outcomes significantly for all students and reduce achievement gaps significantly among specified student subgroups. Requires each grant applicant to have a comprehensive and coherent plan for doing so that includes, if applicable: (1) improving the effectiveness of teachers and school leaders and promoting their equitable distribution; (2) strengthening the use of data to improve education; (3) implementing internationally benchmarked, college- and career-ready elementary and secondary academic standards; (4) turning around its lowest-performing schools; (5) supporting, or coordinating with, early learning programs for high-need children from birth through third grade; (6) assessing kindergarten students' readiness for school success; and (7) creating or maintaining successful conditions for high-performing charter schools and other innovative, autonomous public schools. Requires each grantee to establish performance measures that track its progress in implementing its plan, and improving educational outcomes for students and specified student subgroups. Gives grant priority to LEAs with the highest number or percentages of impoverished children and those that serve rural schools. Requires each state grantee to use at least 50% of its grant for subgrants to LEAs that participate in its plan. Allows LEAs to receive a grant and subgrant for the same fiscal year.

Hunting, Fishing, and Recreational Shooting Protection Act

United States · United States Congress · 14 April 2011

Hunting, Fishing, and Recreational Shooting Protection Act - Amends the Toxic Substances Control Act (TSCA) to exclude from the definition of "chemical substance" for purposes of such Act: (1) any component of  any pistol, revolver, firearm, shell, or cartridge the sale of which is subject to federal excise tax, including shot, bullets and other projectiles, propellants, and primers; and (2) any sport fishing equipment the sale of which is subject to federal excise tax and sport fishing equipment components.

To amend the Internal Revenue Code of 1986 to repeal the unearned income medicare contribution.

United States · United States Congress · 14 April 2011

Amends the Internal Revenue Code to repeal the 3.8% Medicare contribution tax on net investment income.

Supermarket Tax Credit for Underserved Areas Act

United States · United States Congress · 14 April 2011

Supermarket Tax Credit for Underserved Areas Act - Amends the Internal Revenue Code to: (1) increase the rate of the rehabilitation tax credit for a supermarket building placed in service after December 31, 2011, and before January 1, 2014, in an underserved area (i.e., any enterprise community or empowerment zone and any renewal community); (2) increase by $1,000 the the limit on wages eligible for the work opportunity tax credit for employees of a supermarket located in an underserved area; and (3) allow a business-related tax credit for 15% of the gross receipts from the retail sale of locally-grown fresh fruits and vegetables in a supermarket in an underserved area.

Put Your Money Where Your Mouth Is Act of 2011

United States · United States Congress · 14 April 2011

Put Your Money Where Your Mouth Is Act of 2011 - Amends the Internal Revenue Code to allow taxpayers to designate on their income tax returns a payment of $1 or more to the general fund of the Treasury.

Social Security Identity Defense Act of 2011

United States · United States Congress · 14 April 2011

Social Security Identity Defense Act of 2011 - Amends the Internal Revenue Code to require the Secretary of the Treasury to make certain disclosures to the holder of a social security account number and to the Federal Bureau of Investigation (FBI) if the Secretary determines that there is a substantial likelihood that there has been a fraudulent use of such account number in the employment context. Authorizes the FBI Director to disclose information received from the Secretary to federal, state, and local law enforcement officials, but restricts the use of such information to carrying out criminal investigations or prosecutions. Requires employers who have been notified of suspected misuse of an employee's social security account number to cease including such account number on statements provided to such employee.

Short Sea Shipping Act of 2011

United States · United States Congress · 14 April 2011

Short Sea Shipping Act of 2011 - Amends the Internal Revenue Code to exempt from the harbor maintenance tax commercial cargo (other than bulk cargo) loaded at: (1) a port in the U.S. mainland and unloaded at another such port after transport solely by coastal route or river or unloaded at a port in Canada located in the Great Lakes Saint Lawrence Seaway System, or (2) such a port in Canada and unloaded at a port in the U.S. mainland. Defines the "Great Lakes Saint Lawrence Seaway System" as the waterway between Duluth, Minnesota, and Nova Scotia, encompassing the five Great Lakes, their connecting channels, and the Saint Lawrence River.