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851 records in US in 1979
United States · United States Congress · 27 March 1979
Amends the Internal Revenue Code to increase the gift tax exclusion to $6,000.
United States · United States Congress · 27 March 1979
Amends the Internal Revenue Code to increase the unified tax credit against the estate and the gift tax so that estates and gifts under $1,000,000 will be exempt from tax.
United States · United States Congress · 27 March 1979
Amends the Internal Revenue Code to allow a taxpayer an income tax credit for three percent of the expenses paid or incurred for the improvement of his principal residence.
United States · United States Congress · 27 March 1979
Amends the Internal Revenue Code to permit alimony payments to be included in computing the total allowable income tax deduction for contributions to a retirement savings plan.
United States · United States Congress · 26 March 1979
Amends the International Investment Survey Act of 1976 to authorize appropriations to carry out such Act through fiscal year 1981.
United States · United States Congress · 26 March 1979
Amends the Internal Revenue Code to increase the individual income tax credit for the elderly and to increase the adjusted gross income limitation on such credit.
United States · United States Congress · 26 March 1979
Repeals provisions of the Internal Revenue Code which restrict the deductibility of expenses incurred in attending business conventions in foreign countries.
United States · United States Congress · 26 March 1979
Amends the Internal Revenue Code to exclude from gross income up to $1,250 of interest income earned from a savings account.
United States · United States Congress · 22 March 1979
Amends the Internal Revenue Code to increase the individual income tax credit for the elderly and to increase the adjusted gross income limitation on such credit.
United States · United States Congress · 22 March 1979
Employment Tax Act of 1979 - Amends the Internal Revenue Code to specify standards for determining whether certain individuals qualify as independent contractors for purposes of social security taxation. Treats an individual as an independent contractor if such individual: (1) controls the total number of his work hours; (2) does not maintain a principal place of business, or if he does, such place of business is not provided, or provided rent-free, by the person for whom such individual performs services; (3) has substantial investment in his business and earns income based upon sales or output rather than upon number of hours worked; and (4) performs services pursuant to a written contract and is provided written notice of his responsibility with respect to income and self-employment taxes. Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to provide coverage for service performed by an individual who qualifies as an independent contractor under the standards established by this Act.
United States · United States Congress · 22 March 1979
International Security Assistance Act of 1979 - Amends the Foreign Assistance Act of 1961 to increase the amount the President is authorized to use for emergency purposes. Requires the President to report to Congress each time he exercises such authority. Authorizes appropriations through fiscal year 1981 for: (1) international narcotics control (with specified limitations); (2) military assistance (with limitations on the amounts to Portugal, Spain, Jordan, and the Philippines); (3) international military education and training (with limitations on the amount for Latin America); and (4) peacekeeping operations. Authorizes the President to drawdown defense articles and services, cost not to exceed $10,000,000 in any fiscal year, to provide emergency military assistance without first finding that failure to respond immediately to such emergency will result in serious harm to vital U.S. security interests. Permits an authorization for military assistance to a particular country to remain available for three years after such assistance has been authorized. Increases the monetary limits of military stockpiles in foreign countries. Permits such stockpiles to be located in the Republic of Korea. Requires the President to report to Congress concerning the advisability of establishing a system of reserve stocks of defensive weapons for use by friendly developing countries in military emergencies. Authorizes the President to assign military personnel during fiscal years 1980 and 1981 to manage international security assistance programs in specified countries, including Greece. Amends the Arms Export Control Act to authorize the President to provide, without charge, quality assurance, inspection, and contract audit services in connection with defense contracts with any North Atlantic Treaty Organization (NATO) member nation if such nation provides the same services to the United States. Authorizes the President to reduce or waive certain administrative and reimbursement charges in connection with cooperative agreements with NATO or NATO member countries for research and development of defense articles. Requires the President to transmit to Congress such a proposed cooperative agreement describing the cooperative project. Exempts such cooperative projects from congressional reporting and licensing requirements. Directs the President to report quarterly to Congress concerning price and availability estimates provided to foreign countries with respect to sales of defense articles or services. Authorizes appropriations through fiscal year 1981 for military sales to Israel. Reduces the ceiling on foreign military sales credits. Raises the ceiling on aggregate acquisition costs for excess defense articles ordered for foreign countries. Requires the President to report within 60 days (instead of 30) to Congress concerning military exports. Repeals the requirement that such reports describe the services performed by and number of Federal employees. Requires the President to report annually to Congress on the number of Federal employees performing under this Act for which reimbursement is provided by the country receiving such services. Requires the President to set forth in a certification to Congress a justification of the determination that a proposed sale of defense articles is in the interests of national security. Raises the ceiling on the sale of major defense equipment sold to non-NATO countries. Authorizes the President to transfer to Taiwan, U.S. property and war reserve material located on Taiwan on January 1, 1979. Releases Thailand from its contractual obligation to pay the United States for certain ammunition. Permits assistance to Jordan only if the President certifies (1) that Jordan is acting in good faith to achieve peace in the Middle East and (2) that the expenditures of such funds will serve the process of peace in the Middle East.
United States · United States Congress · 22 March 1979
Amends the Internal Revenue Code to eliminate the requirement that a taxpayer must have attained age 55 to qualify for the one-time $100,000 exclusion of gain from the sale of a principal residence.
United States · United States Congress · 22 March 1979
Individual Housing Act of 1979 - Amends the Internal Revenue Code to allow individuals an income tax deduction of up to $3,000 annually and $15,000 in a lifetime for cash contributions to an individual housing account (IHA) established to finance the purchase of a principal residence for the taxpayer. Exempts IHA's from income taxation. Excludes from gross income distributions to a taxpayer from an individual housing account used to purchase a principal residence. Allows an income tax deduction for sales taxes on items used in the construction of new homes. Allows a refundable income tax credit for the amount of interest income which a taxpayer loses on amounts paid as real property tax prepayments. Limits the amount of such credit to $200 for the taxable year.
United States · United States Congress · 22 March 1979
Amends the Internal Revenue Code to allow a taxpayer, who is entitled to a depletion allowance, to elect to exclude from gross income amounts attributable to production from any exploratory oil or gas well drilled within five years from the effective date of this Act.
United States · United States Congress · 22 March 1979
Amends the Internal Revenue Code to exclude from the gross estate of a decedent life insurance proceeds received by a beneficiary.
United States · United States Congress · 22 March 1979
Amends the Internal Revenue Code to reduce by one-half the allowable income tax deduction for business meals.
United States · United States Congress · 22 March 1979
Higher Education Tuition Tax Credit Act of 1979 - Amends the Internal Revenue Code to allow individual taxpayers an income tax credit for 25 percent of the tuition paid for the college or post-secondary vocational education of the taxpayer, his spouse, or any of his dependents. Allows a maximum credit of $250 in 1979 and $500 in 1980, after which the credit expires. Treats tuition payments as paid for calendar years 1979 and 1980 if such payments are made during the particular calendar year or within one month of the beginning or close of such calendar year for education furnished during that year. Excludes graduate students from eligibility for the credit. Requires full-time or qualified half-time attendance at an eligible educational institution (college or post-secondary vocational school). Excludes from the definition of "tuition" any amounts paid for books, supplies, and equipment for courses of instruction, or meals, lodging, transportation, and other living expenses. Forbids any construction of this Act as granting the Government additional authority to examine the books or activities of any church school except to the extent necessary to determine whether such school is an eligible educational institution. Requires the disregard of any amount received by the taxpayer as a tuition tax credit for purposes of determining the eligibility of the taxpayer for Federal or State educational assistance.
United States · United States Congress · 22 March 1979
Intergovernmental Fiscal Assistance Amendments of 1979 - Amends the Public Works Employment Act of 1976 to authorize the Secretary of the Treasury, through a targeted fiscal assistance program, to make annual payments for fiscal years 1979 and 1980 to local governments with local unemployment rates at or above six percent. Authorizes appropriations for such purpose. Sets forth formulas and procedures for allocations to local governments under such program. Directs the Secretary of Labor to determine or assign unemployment rates necessary to the Secretary of the Treasury's administration of all the antirecession provisions of such Act. Directs the Secretary of Labor, the Director of the Bureau of the Census, and the Director of the Office of Personnel Management to provide other necessary information. Sets forth formulas and procedures for allocations to the governments of Puerto Rico, Guam, American Samoa, and the Virgin Islands under both the targeted fiscal assistance and the antirecession fiscal assistance programs. Authorizes the Secretary of the Treasury, through an antirecession fiscal assistance program, to make payments to territorial governments and to State and local governments with unemployment rates at or above five percent. Suspends such payments whenever the seasonally adjusted rate of national unemployment is below six and one-half percent. Authorizes appropriations for such purpose during each of the seven succeeding calendar quarters beginning in 1979. Stipulates that a portion of the total amount of such appropriations is to be determined according to a formula based on the seasonally adjusted rate of national unemployment. Sets forth formulas and procedures for allocations to eligible State and local governments and to specified territorial governments.
United States · United States Congress · 22 March 1979
Amends the Internal Revenue Code to exclude from gross income up to $1,000 of interest income earned on savings accounts in home lending institutions.
United States · United States Congress · 22 March 1979
Intergovernmental Fiscal Assistance Amendments of 1979 - Amends the Public Works Employment Act of 1976 to authorize the Secretary of the Treasury, through a targeted fiscal assistance program, to make annual payments for fiscal years 1979 and 1980 to local governments with local unemployment rates at or above six and one-half percent. Authorizes appropriations for such purpose. Sets forth formulas and procedures for allocations to local governments under such program. Directs the Secretary of Labor to determine or assign unemployment rates necessary to the Secretary of the Treasury's administration of all the antirecession provisions of such Act. Directs the Secretary of Labor, the Director of the Bureau of the Census, and the Director of the Office of Personnel Management to provide other necessary information. Sets forth formulas and procedures for allocations to the governments of Puerto Rico, Guam, American Samoa, and the Virgin Islands under both the targeted fiscal assistance and the antirecession fiscal assistance programs. Authorizes the Secretary of the Treasury, through an antirecession fiscal assistance program, to make payments to territorial governments and to State and local governments with unemployment rates at or above five percent. Suspends such payments whenever the seasonally adjusted rate of national unemployment is below six and one-half percent. Authorizes appropriations for such purpose during each of the seven succeeding calendar quarters beginning in 1979. Stipulates that a portion of the total amount of such appropriations is to be determined according to a formula based on the seasonally adjusted rate of national unemployment. Sets forth formulas and procedures for allocations to eligible State and local governments and to specified territorial governments.
United States · United States Congress · 22 March 1979
Elementary and Secondary Education Tuition Tax Credit Act of 1979 - Amends the Internal Revenue Code to allow individual taxpayers an income tax credit for 25 percent of the tuition paid for the elementary or secondary education of the taxpayer or any of his dependents. Allows a maximum $100 credit in 1979 and a maximum $200 credit in 1980, after which the credit expires. Treats tuition payments as paid for calendar years 1979 and 1980 if such payments are made during the particular calendar year or within one month of the beginning or close of such calendar year for education furnished during that year. Defines full-time and qualified half-time student. Excludes from the definition of "expenses of elementary and secondary education" any amounts paid for books, supplies, meals, lodging, transportation, and education below the first-grade level, or for attendance at a kindergarten or nursery. Forbids any construction of this Act as granting the Government additional authority to examine the books or activities of any church school except to the extent necessary to determine whether such school is an eligible educational institution. Requires the disregard of any amount received by the taxpayer as a tuition tax credit for purposes of determining the eligibility of the taxpayer for Federal or State educational assistance.
United States · United States Congress · 22 March 1979
Constitutional Amendment - Prohibits the total amount of money expended by the United States in any fiscal year from exceeding the total amount of revenue received by the United States during such fiscal year, except in time of war as declared by the Congress. Allows the suspension of the amendment by a joint resolution approved by a vote of three-fifths of the Members of each House of the Congress and approved and signed by the President, or by a vote of two-thirds of the Members of each House of the Congress. Requires tax rates to be reduced to offset the effects of inflation. Establishes a procedure for the approval of bills or joint resolutions affecting taxes.
United States · United States Congress · 22 March 1979
Sets forth the rule for the consideration of H.R. 2676 (Environmental research, development, and demonstrations funding).
United States · United States Congress · 21 March 1979
Amends the Civil Rights Act of 1957 to extend the authorization of appropriations for the Commission on Civil Rights through fiscal year 1980.
United States · United States Congress · 21 March 1979
Authorizes appropriations in specified amounts for various expenses of the Coast Guard for fiscal years 1980 and 1981. Sets forth the authorized end strength for Coast Guard personnel for fiscal year 1980. Sets forth the average military student training loads for the Coast Guard for fiscal year 1980. Increases the number of commissioned officers in the Coast Guard, excluding warrant officers, which may be on active duty from 5,000 to 6,000. Authorizes the Secretary of the Department in which the Coast Guard is operating to prescribe reasonable fees for inspections of merchant vessels not covered by the Port and Tanker Safety Act of 1978 where such inspections are conducted outside the geographic limits of the United States. Increases the basic compensation payable to civilian keepers of lighthouses and civilians employed on lightships and other Coast Guard vessels from $7,500 per annum to $15,000 per annum. Authorizes the issuance of retroactive pay to civilian lighthouse keepers in an amount equal to the difference between what the keeper actually received and what he or she would have received under the General Schedule salary rates had there not been a $7,500 limitation on the individual's salary.
United States · United States Congress · 21 March 1979
Amends the Internal Revenue Code to extend the residential energy tax credit to wood- burning equipment. Denies such credit for wood-burning equipment which the Administrator of the Environmental Protection Agency determines to produce emissions which violate applicable air quality standards or for equipment which the Secretary of Agriculture determines would require an excessive consumption of wood so as to endanger forest supplies.
United States · United States Congress · 21 March 1979
Interstate Taxation of Depositories Act of 1979 - Title I: Jurisdiction to Tax - Allows States and political subdivisions to impose a doing-business tax only on a depository bank which has a business location in the State or political subdivision during the taxable year. Title II: Maximum Percentage of Income, Receipts, or Capital Attributable to Taxing Jurisdiction - Sets forth an optional formula for apportioning such interstate tax, whereby a State may not impose, for any taxable year on a depository taxable in more than one State, a doing-business tax measured by an amount of net income, gross receipts, or capital in excess of the amount determined by multiplying the depository's base by an apportionment fraction; the numerator of which is the sum of the payroll factor and the receipts factor and the denominator of which is two. Provides that a depository may be taxed in more than one State if the requisite jurisdiction exists. Allows States to require combined reporting, including the combined base and apportionment factors of all corporations affiliated with such depository. Sets forth exceptions to this reporting requirement, including corporations incorporated outside of the United States. Defines the payroll and receipts factors which constitute the apportionment fraction. Excludes from net income and gross receipts: (1) dividends received from a corporation in which such depository owns at least 80 percent of the voting stock; or (2) all income which is considered income from sources outside the United States. Excludes from the capital of a depository investments in, and advancements to, affiliated corporations. Title III: Definitions and Miscellaneous Provisions - Defines the terms used in this Act. Prohibits discriminatory imposition of a doing-business tax on specified depositories.
United States · United States Congress · 21 March 1979
Permits State and local governments to collect taxes on the sale or consumption of alcoholic beverages and tobacco products on military and other Federal reservations. Requires the proprietors of facilities which sell alcoholic beverages and tobacco products on Federal installations to report to the States or localities in which such installations are located the amount of such commodities with respect to which taxes are payable.
United States · United States Congress · 21 March 1979
Amends the Internal Revenue Code to allow individuals who are not employed by the Federal Government a tax exclusion for that portion of their personal service income which is equal to the allowance permitted Federal employees in certain States for higher living costs and extreme conditions of environment.
United States · United States Congress · 21 March 1979
Amends the Internal Revenue Code to extend the investment tax credit to research and experimental expenditures in connection with the taxpayer's trade or business.
United States · United States Congress · 21 March 1979
Amends the Internal Revenue Code to allow individuals an income tax credit equal to 25 percent of the total cost of heating oil purchased by such individuals for use in a residence for residential purposes. Limits the dollar amount of such credit to $200 for the taxable year. Reduces the amount of such credit by one percent of the amount by which the taxpayer's adjusted gross income exceeds $15,000. Provides for the termination of the credit for taxable years ending after December 31, 1983.
United States · United States Congress · 21 March 1979
Amends the Internal Revenue Code to allow nonitemizing taxpayers an income tax deduction for that portion of the taxpayer's personal service income which is equal to the amount by which cost of living increases in the State in which such taxpayer resides exceed national cost of living increases for the calendar year.
United States · United States Congress · 21 March 1979
Authorizes the reprinting of 1,000 copies of the Senate report entitled "First Concurrent Resolution on the Budget-Fiscal Year 1979" for the use of the Senate Committee on the Budget.
United States · United States Congress · 21 March 1979
Amends the Internal Revenue Code to restrict the availability of the investment tax credit to regulated public utilities whose cost of service in their regulated books of account is reduced by more than a ratable portion of such credit.
United States · United States Congress · 21 March 1979
Amends the Internal Revenue Code to repeal the carryover basis provisions enacted by the Tax Reform Act of 1976 which provide that beneficiaries receiving property from a decedent's estate will retain the decedent's basis in the property. Restores prior law which "stepped up" or "stepped down" the property's basis to its market value at the time of death without imposing tax consequences on the appreciation or depreciation the property underwent while held by the decedent.
United States · United States Congress · 21 March 1979
Sets forth the rule for the consideration of H.R. 2774 (Arms control and disarmament funding).
United States · United States Congress · 20 March 1979
Amends title XVII of the Public Health Service Act (Health Information and Health Promotion) to extend through fiscal year 1982 the authorization of appropriations for grants and contracts under such title, other than assistance provided to establish a national program on sports medicine research (currently authorized through fiscal year 1981). Extends through fiscal year 1981 the authorization of appropriations for grants and contracts to private nonprofit entities working in health information and promotion, preventive health services, and education in the use of health care. Amends the Community Mental Health Centers Act to increase from $3,000,000 to $20,000,000 the level of authorization for fiscal year 1980 for consultation and education services. Extends the current level of authorization through fiscal year 1980 for financial distress grants for community mental health centers.
United States · United States Congress · 20 March 1979
Amends the Internal Revenue Code to allow certain low-income individuals a refundable income tax credit for the property taxes and rent paid on their principal residences. Requires, for purposes of eligibility, that the taxes and rent paid by such individuals exceed five percent of their adjusted gross income. Limits such credit to $500 for the taxable year ($250 for married individuals filing separately). Reduces the credit by five percent of the amount by which the taxpayer's adjusted gross income exceeds $10,000 in 1980, $15,000 in 1981, and $20,000 in taxable years beginning after December 31, 1981.
United States · United States Congress · 20 March 1979
Amends the Internal Revenue Code to permit a taxpayer who does not itemize his income tax deductions to claim a deduction for charitable contributions in excess of specified floor amounts. Defines the amount allowable as the excess of the deduction, without regard to this provision, over the floor amount. Sets the floor amount for the return of a single individual at $333.
United States · United States Congress · 20 March 1979
Amends the Internal Revenue Code to allow taxpayers to treat federally required nonproductive expenditures as current business expenses and thus tax deductible in the taxable year in which they are incurred. Defines "federally required nonproductive expenditures" as expenditures in connection with a business facility which are required by Federal or State law, but which do not significantly increase the profitability of the business. Permits a taxpayer to base depreciation expenses upon a depreciation period of his choice, rather than upon the useful life of the property or its class life as determined under Internal Revenue Service regulations. Provides that the selected depreciation period may not exceed the useful life or class life of the property and may not be less than five years for tangible personal property or ten years for realty.
United States · United States Congress · 20 March 1979
Amends the Internal Revenue Code to qualify expenditures for woodburning stoves for the 15 percent residential energy conservation credit.
United States · United States Congress · 20 March 1979
Amends the Internal Revenue Code to subject nonresident aliens and foreign corporations to a tax on the gain from the sale or exchange of farm or rural lands situated in the United States. Requires foreign corporations which hold United States farm lands comprising 20 percent of their assets to make reports on such holdings as the Secretary of the Treasury may require.
United States · United States Congress · 19 March 1979
States that the total funds which the executive branch may obligate for the travel and transportation expenses of its officers and employees during fiscal year 1980 shall not exceed an amount which is $500,000,000 less than the amount proposed therefor in the Budget of the United States for such fiscal year.
United States · United States Congress · 19 March 1979
Amends the Internal Revenue Code to extend until January 1, 1979, the date until which a State legislator may qualify for the income tax deduction for living expenses while engaged in legislative business away from his home district.
United States · United States Congress · 19 March 1979
Amends the Internal Revenue Code to deny an income tax deduction for any expenses paid or incurred to advertise alcoholic beverages or tobacco products.
United States · United States Congress · 19 March 1979
Amends the Internal Revenue Code to allow a nonrefundable income tax credit for State and local sales taxes in lieu of the income tax deduction currently allowed by law.
United States · United States Congress · 19 March 1979
Amends the Internal Revenue Code to tax income of married individuals filing tax returns separate from their spouses at the same rates applicable to unmarried individuals.
United States · United States Congress · 19 March 1979
Amends the Internal Revenue Code to allow a nonrefundable income tax credit equal to one-half the amount of health insurance premiums paid by the taxpayer during the taxable year for his medical care or that of his spouse or dependents. Limits the dollar amount of such credit to $250 for the taxable year. Eliminates the special income tax deduction for health insurance premiums (one-half of premiums paid not in excess of $150), but allows the deduction of such premiums along with other medical and dental expenses to the extent that they exceed three percent of the taxpayer's adjusted gross income. Reduces the amount of medical expenses allowable as a deduction by the amount allowable to the taxpayer as a credit for health insurance premium payments. Requires the Secretary of the Treasury, or his delegate, to conduct a study of the health insurance premium credit every third year after the enactment of this Act and to report the findings to Congress.
United States · United States Congress · 19 March 1979
Amends the Internal Revenue Code to confer tax- exempt status on State and local retirement systems, trusts, or funds. Exempts such State and local retirement systems from reporting requirements imposed upon employer deferred compensation plans under the Internal Revenue Code.
United States · United States Congress · 19 March 1979
Amends the Internal Revenue Code to provide identical income tax rates for single persons and married couples filing joint returns. Limits the earned income that must be reported by a married person filing a separate return to the amount actually earned by that individual.