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836 records in US in 2008
United States · United States Congress · 30 January 2008
Mortgage Refinancing Initiative Act of 2008 - Amends the Internal Revenue Code to: (1) allow, until December 31, 2009, proceeds of qualified mortgage bonds to be used to refinance an existing mortgage; and (2) increase in 2008 and 2009 the national limitation amount for such bonds.
United States · United States Congress · 30 January 2008
Amends the Internal Revenue Code to: (1) increase from 30 to 50% the rate of the special depreciation allowance (bonus depreciation) for certain business equipment and assets placed in service in 2008; and (2) allow a corporation to elect to increase its alternative minimum tax credit by its bonus depreciation amount in lieu of applying such allowance.
United States · United States House of Representatives · 29 January 2008
United States · United States Congress · 29 January 2008
Amends the Internal Revenue Code to allow purchasers of a single-family principal residence a one-time tax credit for up to $15,000 of the purchase price. Requires such a residence to be purchased after February 29, 2008, and before March 1, 2009, and that it be: (1) a new previously unoccupied residence for which a building permit has been issued and construction began on or before September 1, 2007; (2) an owner-occupied residence with a mortgage indebtedness in default on or before March 1, 2008; or (3) in foreclosure and owned by the mortgagor or the mortgagor's agent.
United States · United States Congress · 29 January 2008
Sales Tax Holiday Act of 2008 - Directs the Secretary of the Treasury to reimburse each state that elects to partipicapte in a sales tax holiday period (beginning after April 3, 2008, and ending before April 14, 2008) for 60% of the amount of state and local sales tax payable and not collected during such period.
United States · United States Congress · 29 January 2008
Grow American Investment Now Jobs Act of 2008 - Amends the Internal Revenue Code to reduce the maximum income tax rate on corporations, including personal service corporations, from 35 to 25%.
United States · United States Congress · 29 January 2008
Justice for Victims of Torture and Terrorism Act - Amends the National Defense Authorization Act for Fiscal Year 2008 (the Act) to remove the authority of the President to grant the government of Iraq immunity from actions by victims of terror seeking compensation for injuries caused by officials, employees, or agents of the government of Iraq during the time such government was classified as a state sponsor of terrorism if: (1) it is the interest of national security; (2) it promotes the reconstruction of, the consolidation of democracy in, and the relations of the United States with, Iraq; and (3) Iraq continues to be a reliable ally of the United States and partner in combating acts of international terrorism. Deems ineffective, on the date of the enactment of this Act, any such immunity granted to the government of Iraq by the Act.
United States · United States Congress · 29 January 2008
Small Businesses Add Value for Employees Act of 2008 or the SAVE Act of 2008 - 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 withdrawal made from simple IRAs within the first two plan years; (4) allow additional nonelective employer contributions to simple IRAs; (5) establish automatic deferral IRAs; and (6) increase the tax credit for small employer pension plan startup costs.
United States · United States Congress · 29 January 2008
Federal Tax Withholding Act of 2008 - Amend the Internal Revenue Code to repeal withholding of tax requirements for income, railroad retirement, and social security taxes. Requires estimated tax payments for social security and railroad retirement taxes.
United States · United States Congress · 29 January 2008
Immediate Financial Assistance for America's Seniors Act of 2008 - Amends the Internal Revenue Code to allow social security recipients with earned income less than $3,000 a $300 refundable tax credit ($600 for married couples filing a joint tax return) in 2008. Reduces the amount of such credit by 5% of the amount by which the taxpayer's adjusted gross income exceeds $75,000.
United States · United States Congress · 29 January 2008
Makes emergency appropriations for FY2008 for state and local law enforcement assistance under the Edward Byrne Memorial Justice Assistance Grant program.
United States · United States Congress · 28 January 2008
Reconnecting Youth to Prevent Homelessness Act of 2007 - Amends part E (Foster Care and Adoption Assistance) of title IV of the Social Security Act to require State part E plans to provide that the state shall have in effect such laws and procedures as are necessary to ensure that: (1) a child may not be placed in foster care under state responsibility solely because the family with which the child is living is homeless or living in substandard housing; and (2) the state will work with the family and state housing authorities to secure permanent housing for any family that includes a minor child and is homeless or at risk of becoming homeless. Requires the Comptroller General to report to appropriate congressional committees on state policies and practices regarding: (1) access to federally funded child welfare services by children who have attained age 13; and (2) consideration of runaway and homeless situations as risk assessment factors for determining the appropriateness of placement in the child welfare system. Requires state part E plans to describe state policies and procedures regarding runaway or missing foster children. Provides for extension of child welfare services to emancipated youth between ages 18 and 21. Revises the John H. Chafee Foster Care Independence Program. Amends part A (Temporary Assistance for Needy Families) (TANF) to revise the requirement that the state provide adult-supervised living arrangements for teenage parents not yet living in such an arrangement. Suspends the five-year time limit on TANF assistance for parents under age 21 who are involved in education or training. Prohibits the imposition of sanctions under TANF with respect to minor parents unless the state has established procedures that help TANF recipients understand, avoid, or end sanctions, and has applied the procedures to the recipient. Requires the Secretary to study and report to Congress on: (1) TANF recipients who are parents and have not attained age 20; and (2) a representative sample of low-income teen parents who are not TANF recipients. Amends the Internal Revenue Code to include homeless youth as a qualified targeted population for the work opportunity business income tax credit.
United States · United States Congress · 28 January 2008
Recovery Rebates and Economic Stimulus for the American People Act of 2008 - Amends the Internal Revenue Code to: (1) grant tax rebates of the lesser of net income tax liability or $600 to individual taxpayers in 2008 ($1,200 to married couples filing joint returns, plus $300 for each dependent child); (2) provide for a minimum tax rebate of $300 ($600 for joint returns) for taxpayers with earned income of at least $3,000; (3) increase to $250,000 in 2008 the expensing allowance for depreciable business assets; and (4) allow business taxpayers a 50% bonus depreciation allowance for equipment placed in service in 2008. Reduces taxpayer rebates by 5% of the amount that exceeds an adjusted gross income of $75,000 ($150,000 for joint returns). Raises the statutory ceiling on the maximum original principal obligation of a mortgage, originated between July 1, 2007, and December 31, 2008, that may be purchased by either the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac). Expresses the sense of Congress that Fannie Mae and Freddie Mac should securitize mortgages acquired pursuant to the increased conforming loan limits of this Act, if the manner of securitization does not: (1) impose additional costs for mortgages originated, purchased, or securitized under existing limits; or (2) interfere with the goal of adding liquidity to the market. Establishes a temporary loan limit increase for mortgages in specified high-cost areas if the borrower receives credit approval by December 31, 2008. Grants the Secretary of Housing and Urban Development (HUD) discretionary authority to increase loan limits for a specified period.
United States · United States Congress · 28 January 2008
Job Creation Economic Stimulus Act of 2008 - Amends the Internal Revenue Code to allow the expensing of the cost of certain high productivity property placed in service in 2008, including computer and computer-related peripheral equipment, electronic equipment, software, high technology medical equipment, and advanced environmental and life science products. Allow a 50% depreciation allowance for certain business equipment acquired in 2008. Exempts acclerated depreciation amounts related to properties placed in service in 2008 or 2009 from adjustments in computing alternative minimum taxable income. Allows an offset in 2008 against the alternative minimum tax liability of corporations for their long-term unused tax credits.
United States · United States Congress · 28 January 2008
Family Economic Stimulus Act of 2008 - Amends the Internal Revenue Code to: (1) exclude unemployment compensation from gross income in 2007 and 2008; (2) increase the child tax credit to $1,200 in 2008; (3) allow individual taxpayers a $400 tax rebate ($800 in the case of a joint return) in 2008; (4) extend unemployment insurance benefits; and (5) require states to distribute to unemployed individuals information about unemployment insurance eligibility conditions.
United States · United States Congress · 28 January 2008
Amends the Internal Revenue Code to increase the amount of the child tax credit to $1,300 in 2008 and provide for the advance payment of such credit to eligible taxpayers prior to October 1, 2008.
United States · United States Senate · 24 January 2008
United States · United States Congress · 24 January 2008
Small Business Stimulus Act of 2008 - Amends the Internal Revenue Code to: (1) increase to $200,000 the expensing allowance for depreciable business assets in 2008; (2) extend through 2008 the five-year carryback allowed for certain unused net operating losses; and (3) extend through 2008 the tax credit for increasing research activities.
United States · United States Congress · 23 January 2008
Fair and Simple Tax Act of 2008 - Amends the Internal Revenue Code to: (1) establish an alternative income tax rate system with three tax brackets (10, 15, and 30%); (2) repeal the estate and gift tax; (3) adjust the increased alternative minimum tax (AMT) exemption amounts for inflation after 2007 and make such exemptions permanent; (4) reduce the maximum corporate income tax rate to 25%; (5) reduce the maximum tax rate on capital gains to 10%; (6) allow an inflation adjustment to the basis of capital assets for purposes of determining gain or loss; (7) establish new tax-exempt accounts for retirement savings, lifetime savings, and lifetime skills accounts; (8) exempt individuals under age 65 who do not have employer health care coverage from the adjusted gross income threshold for the medical care tax deduction; and (9) make permanent the tax credit for increasing research activities. Repeals the terminating dates applicable to provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 and the Jobs and Growth Tax Relief Reconciliation Act of 2003.
United States · United States Congress · 23 January 2008
Family Security and Small Business Stimulus Act of 2008 - Amends the Internal Revenue Code to: (1) allow a reduced 5% income tax rate on taxable income for low-income taxpayers; (2) allow an advance refund in 2008 for the reduction in the tax rate; and (3) increase to $375,000 between 2008 and 2010 the expensing allowance for small business depreciable assets.
United States · United States Congress · 23 January 2008
Beginning Farmers and Ranchers Act of 2007 [ sic ] - Amends the Internal Revenue Code to exclude from gross income 100% of the gain, up to $500,000, from the sale of qualified farm property to a first-time farmer who certifies that such property will be used for farming purposes for 10 years. Allows: (1) a 50% exclusion for the sale of qualified farm property to any other person who certifies that such property will be used for farming purposes for 10 years; and (2) a 25% exclusion for the sale of qualified farm property to any other person for any other use. Defines "qualified farm property" as real property located in the United States which is used for farming purposes for a specified three-year period and in which there was material participation by the taxpayer or the taxpayer's spouse or family member. Requires the recapture of tax benefits if qualified farm property is sold or ceases operation as a farm before the required 10-year period.
United States · United States Congress · 23 January 2008
Economic Growth Act of 2008 - Amends the Internal Revenue Code to: (1) repeal the dollar and other limitations on the expensing allowance of depreciable business assets; (2) reduce to 25% the maximum corporate income tax rate; (3) provide for an inflation adjustment to the basis of certain capital assets for purposes of determining gain or loss; and (4) reduce from 35 to 15% the alternative capital gains tax rate for corporations.
United States · United States Congress · 23 January 2008
Tire Investment, Recovery and Extension Act of 2007 [ sic ]or the TIRE Act of 2007 [ sic ] - Amends the Internal Revenue Code to allow taxpayers who regularly use more than 100 vehicles a year in a trade or business (vehicle fleet operators) a tax credit for the purchase of new or retread tires made from recycled rubber.
United States · United States Congress · 23 January 2008
Giving Resources and Opportunities to the Workforce Act of 2008 - Amends the Internal Revenue Code to: (1) allow a five-year carryback for net operating losses incurred in 2007, 2008, or 2009; and (2) increase to $250,000 in 2008 the expensing allowance for certain depreciable business assets.
United States · United States Congress · 23 January 2008
Fair and Simple Tax Act of 2008 - Amends the Internal Revenue Code to: (1) establish an alternative income tax rate system with three tax brackets (10, 15, and 30%); (2) repeal the estate and gift tax; (3) adjust the increased alternative minimum tax (AMT) exemption amounts for inflation after 2007 and make such exemptions permanent; (4) reduce the maximum corporate income tax rate to 25%; (5) reduce the maximum tax rate on capital gains to 10%; (6) allow an inflation adjustment to the basis of capital assets for purposes of determining gain or loss; (7) establish new tax-exempt accounts for retirement savings, lifetime savings, and lifetime skills accounts; (8) exempt individuals under age 65 who do not have employer health care coverage from the adjusted gross income threshold for the medical care tax deduction; and (9) make permanent the tax credit for increasing research activities. Repeals the terminating dates applicable to provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 and the Jobs and Growth Tax Relief Reconciliation Act of 2003.
United States · United States Congress · 23 January 2008
Amends the Internal Revenue Code to to eliminate the phasein of the tax deduction for income attributable to domestic production activities and permit the full 9% deduction amount for taxable years beginning after 2007.
United States · United States Congress · 22 January 2008
Amends the Internal Revenue Code to increase from 30 to 50% the bonus depreciation for new business equipment placed in service in 2008 and 2009.
United States · United States Congress · 22 January 2008
Amends the Internal Revenue Code to allow a current year tax deduction of the cost of business equipment placed in service in 2008 and 2009 for which cost recovery periods of three, five, or seven years are currently allowed.
United States · United States Congress · 22 January 2008
Provides that no automatic pay adjustment shall be considered to have taken effect in FY2009 in the rates of basic pay for Members of Congress under the statutory pay system (thus eliminating the pay adjustment for Members for such fiscal year).
United States · United States Congress · 22 January 2008
Small Business Expensing Temporary Expansion Act of 2008 - Amends the Internal Revenue Code to: (1) increase the expensing allowance for small business depreciable assets to $500,000 between 2008 and 2011; (2) increase the threshold for reductions in the expensing allowance to $2 million between 2008 and 2011; and (3) adjust such higher expensing amounts for inflation between 2008 and 2011.
United States · United States Congress · 22 January 2008
Members of Congress Personal Fiscal Responsibility Act of 2008 - Provides that no automatic pay adjustment shall be considered to have taken effect in FY2008 in the rates of basic pay for Members of Congress under the statutory pay system (thus eliminating the automatic pay adjustment for Members for such fiscal year).
United States · United States Congress · 17 January 2008
Legislative Branch Recognizes the Value of Service Disabled Veteran-Owned Small Business Act of 2008 - Requires each official responsible for entering into procurement contracts for goods and services for a legislative branch office to ensure that at least 3% of the aggregate value of all contracts entered into during a fiscal year is attributable to contracts awarded to eligible disabled veterans small businesses. Defines "eligible disabled veterans small business" as a small business concern listed on the database maintained by the Secretary of Veterans Affairs as a small business concern owned and controlled by a veteran with a service-connected disability.
United States · United States Congress · 17 January 2008
Stealth Tax Relief Extension Act of 2008 - Amends the Internal Revenue Code to: (1) increase the exemption from the alternative minimum tax for individual taxpayers in 2008; and (2) extend through 2008 the allowance of certain nonrefundable tax credits against alternative minimum tax liability.
United States · United States Congress · 16 January 2008
National Defense Authorization Act for Fiscal Year 2008 - Authorizes appropriations for the Department of Defense (DOD) for FY2008. Authorizes appropriations to DOD for: (1) procurement, including for aircraft, missiles, weapons and tracked combat vehicles, ammunition, and shipbuilding and conversion; (2) research, development, test, and evaluation, including ballistic missile defense; (3) operation and maintenance, including for defense working capital funds, the Defense Health Program, drug interdiction and counter-drug activities, and environmental restoration; (4) active and reserve military personnel, including end strengths and the Armed Forces Retirement Home; (5) increased costs for military activities and military construction due to the global war on terror (6) the North Atlantic Treaty Organization Security Investment Program; (7) chemical demilitarization construction; and (8) Guard and reserve forces facilities. Sets forth provisions or requirements concerning: (1) active and reserve military personnel policy; (2) military education and training; (3) military justice; (4) military pay and allowances; (5) retired pay and survivor benefits; (6) military health care; (7) acquisition policy and management; (8) DOD organization and management, including intelligence-related matters; (9) counter-drug activities and matters related to homeland security; (10) civilian personnel matters; (11) matters relating to other nations; and (12) cooperative threat reduction with states of the former Soviet Union. Authorizes appropriations for FY2008 for military construction for the Armed Forces and defense agencies. Allows a victim of terrorism (or his or her representative) to seek money damages for an injury or death in a private cause of action in U.S. courts against a foreign state designated as a state sponsor of terrorism at the time of the injury or death if such injury or death was caused by an official, employee, or agent of such foreign state while acting within the scope of his or her employment. Permits the President to except the government of Iraq if: (1) the exception is in the interest of U.S. national security; (2) the waiver will promote the reconstruction of, the consolidation of democracy in, and the relations of the United States with, Iraq; and (3) Iraq continues to be a reliable ally of the United States and partner in combating acts of international terrorism.
United States · United States Congress · 16 January 2008
Middle Class Jobs Protection Act of 2008 - Amends the Internal Revenue Code to: (1) reduce the maximum corporate income tax rate to 25%; (2) increase the expensing allowance for depreciable business assets to $250,000 in 2008 and 2009; (3) increase to 50% the current year bonus depreciation allowance for certain property placed in service in 2008 and 2009; and (4) allow additional carrybacks for certain net operating losses and for excess business and foreign tax credit amounts arising in 2008 and 2009.
United States · United States Congress · 15 January 2008
Additional Earmark Disclosure Resolution - Amends rule XXI (Restrictions on Certain Bills) of the Rules of the House of Representatives to make it out of order to consider a conference report unless the accompanying joint explanatory statement includes: (1) a list of congressional earmarks, limited tax benefits, and limited tariff benefits (and the name of any requesting Member or Senator) that were not committed to the conference committee by either House, not in a report on such bill, or not in a report of a Senate committee on a companion measure; or (2) a statement that the proposition contains no congressional earmarks, limited tax benefits, or limited tariff benefits. Makes it out of order also to consider an amendment between the Houses to a bill or joint resolution unless the proponent has caused to be printed in the Congressional Record before its consideration or contained in a separate part of that amendment: (1) a list of congressional earmarks, limited tax benefits, and limited tariff benefits (and the name of any requesting Member or Senator) that were not in a report on such bill, not in the report of a Senate committee on a companion measure, or not in any earlier amendment between the Houses to such measure; or (2) a statement that the proposition contains no congressional earmarks, limited tax benefits, or limited tariff benefits.