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901 records in US in 2001

Records

Bill· HRH.R. 1180 (107th)referred

Tribal College or University Teacher Loan Forgiveness Act

United States · United States Congress · 22 March 2001

Tribal College or University Teacher Loan Forgiveness Act - Amends the Higher Education Act of 1965 to provide for the cancellation of a specified percentage of the total amount of any Federal Perkins loan, Federal Family Education loan, or direct student loan for each year of employment (up to five) as a full-time teacher at a tribal college or university if the borrower is not in default on such loan. Prohibits a borrower from receiving, for the same service, such a benefit and a national service educational award. Provides that the amount of any loan forgiven under this Act shall not be treated as gross income for Federal tax purposes.

Bill· HRH.R. 1188 (107th)referred

21st Century Teacher Training Act of 2001

United States · United States Congress · 22 March 2001

21st Century Teacher Training Act of 2001 - Authorizes the Secretary of Education, through the Office of Educational Technology, to award competitive grants to local educational agencies (LEAs) to provide programs of intensive classroom-related computer training for teachers. Requires grantees to enter into contracts with institutions of higher education or other nonprofit educational providers that will establish, operate, and provide the non-Federal share of the cost of such programs. Amends the Internal Revenue Code to establish a personal income tax credit of up to $1,000 for technology-related professional development expenses for eligible teachers. Establishes a business-related tax credit for donations of computers to schools and public libraries.

Bill· HRH.R. 1193 (107th)referred

No Taxation Without Representation Act of 2001

United States · United States Congress · 22 March 2001

No Taxation Without Representation Act of 2001 - States that notwithstanding any other provision of law, the community of American citizens who are residents of the District constituting the seat of government of the United States shall have full voting representation in the Congress. Amends the Internal Revenue Code to provide a tax exemption to District of Columbia residents for years during which such residents do not have full voting representation in the Congress.

Bill· HRH.R. 1181 (107th)referred

Health Insurance Affordability and Equity Act of 2001

United States · United States Congress · 22 March 2001

Health Insurance Affordability and Equity Act of 2001 - Amends the Internal Revenue Code to allow a limited credit for qualified health insurance costs paid for by an individual during a period when the individual was not covered by qualified health insurance and was not eligible to participate in any employer provided group health plan. Provides for the deduction of the qualified health insurance costs of employees and the self-employed.

Bill· HRH.R. 1182 (107th)referred

Cosmetology Tax Fairness and Compliance Act of 2001

United States · United States Congress · 22 March 2001

Cosmetology Tax Fairness and Compliance Act of 2001 - Amends the Internal Revenue Code, with respect to the credit for the portion of social security taxes paid with respect to employee tips, to make such credit applicable to employers of cosmetologists. Establishes provisions concerning returns relating to cosmetology services employers and information to be provided to cosmetologists.

Bill· HRH.R. 1172 (107th)referred

Historic Homeownership Assistance Act

United States · United States Congress · 22 March 2001

Historic Homeownership Assistance Act - Amends the Internal Revenue Code to allow a tax credit for 20 percent (up to a maximum limit of $40,000 for a joint return) of the qualified rehabilitation expenditures made by a taxpayer with respect to the certified rehabilitation of a qualified historic home which has been substantially rehabilitated and which is owned by the taxpayer and used as his or her principal residence. Allows the credit for such expenditures to be taken by a purchaser of the rehabilitated home. Permits, in lieu of the credit, a historic rehabilitation mortgage credit certificate, which may be transferred to a lender in exchange for a reduction in the rate of interest on the loan secured by the building.

Bill· HRH.R. 1179 (107th)referred

Family Farm Protection Act

United States · United States Congress · 22 March 2001

Family Farm Protection Act - Amends the Internal Revenue Code to exclude from gross income any gain on the sale of a qualified family farm interest to a family member of the taxpayer. Requires the taxpayer (or a member of the taxpayer's family) to have participated materially in the farming business operation during the five years preceding the sale, and requires the family member purchasing the interest to participate materially during the five years following the sale. Provides for recapture of tax foregone because of the exclusion if during the five years following the sale: (1) the interest ceases to be used in a farming business; or (2) the purchasing family member fails to participate materially in the farming business.

Bill· HRH.R. 1186 (107th)referred

Religious Freedom Peace Tax Fund Act

United States · United States Congress · 22 March 2001

Religious Freedom Peace Tax Fund Act - Directs the Secretary of the Treasury to establish in the Treasury the Religious Freedom Peace Tax Fund for the deposit of income, gift, and estate taxes paid by or on behalf of taxpayers: (1) who are designated conscientious objectors opposed to participation in war in any form based upon the taxpayer's deeply held moral, ethical, or religious beliefs or training (within the meaning of the Military Selective Service Act); and (2) who have certified these beliefs in writing. Requires that funds in the Religious Freedom Peace Tax Fund be allocated annually to any appropriation not for a military purpose. Declares the sense of Congress that any increase in revenue to the Treasury resulting from the creation of the Religious Freedom Peace Tax Fund shall be allocated in a manner consistent with the purposes of the Fund.

Bill· HRH.R. 1166 (107th)referred

Congressional Pay For Performance Act

United States · United States Congress · 22 March 2001

Congressional Pay For Performance Act - Provides that, if the Congress has not passed all general appropriation bills before the beginning of a fiscal year, then the permanent appropriation for the compensation of Members of Congress shall not be effective for such fiscal year. Makes it out of order for either the House of Representatives or the Senate to consider the legislative branch appropriation bill for any fiscal year until other general appropriation bills for such fiscal year have been presented to the President.

Bill· HJRESH.J.Res. 41 (107th)passed

Proposing an amendment to the Constitution of the United States with respect to tax limitations.

United States · United States Congress · 22 March 2001

Constitutional Amendment - Requires that any bill, resolution, or other legislative measure changing the internal revenue laws shall require for final adoption in each House the concurrence of two-thirds of the Members of that House voting and present, unless the bill is determined at the time of adoption, in a reasonable manner prescribed by law, not to increase the internal revenue by more than a de minimis amount. States that for purposes of determining any increase, there shall be excluded any increase resulting from the lowering of an effective rate of any tax. Requires journal entry of any vote. Permits the waiver of such requirement, for up to two years, if there is a declaration of war or if the United States is engaged in a military conflict which causes an imminent and serious threat to national security and is so declared by a joint resolution which becomes law.

Bill· SS. 591 (107th)referred

A bill to repeal export controls on high performance computers.

United States · United States Congress · 21 March 2001

Amends subtitle B of title XII of division A of the National Defense Authorization Act for Fiscal Year 1998 to repeal the use of millions of theoretical operations per second (MTOPS) as a measurement of computer speed with respect to the application of certain export controls on high performance computers.

Bill· SS. 590 (107th)referred

Relief, Equity, Access, and Coverage for Health (REACH) Act

United States · United States Congress · 21 March 2001

Relief, Equity, Access, and Coverage for Health (REACH) Act - Amends the Internal Revenue Code to: (1) allow as a limited refundable credit the amount paid for qualified health insurance; and (2) provide for the payment, by the Secretary of the Treasury, to an individual's health insurer of an amount equal to an individual's qualified health insurance credit advance amount. Amends the State Children's Health Insurance Program (SCHIP) provisions of the Social Security Act to provide that, in the case of a targeted low-income child who is eligible for child health assistance and whose parent is eligible for the refundable health insurance costs tax credit, payment may be made to a State for payment by the State to a health insurance issuer that receives advance payment of such credit on behalf of the parent of an amount equal to the estimated cost of providing the child with child health assistance, subject to stated conditions.

Bill· HRH.R. 1140 (107th)referred

Railroad Retirement and Survivors' Improvement Act of 2001

United States · United States Congress · 21 March 2001

Railroad Retirement and Survivors' Improvement Act of 2001 - Amends the Railroad Retirement Act of 1974 to increase benefits to railroad employees and their beneficiaries and to revise financing of the pension part (tier II) of the railroad retirement system. Establishes a Railroad Retirement Trust Fund and a Railroad Retirement Investment Trust to manage and invest Fund assets. Abolishes the Railroad Retirement Supplemental Annuity Account and provides for transfer of its funds to the Fund. Provides for transfer to the Fund of certain portions of the Railroad Retirement Account and of Social Security Equivalent Benefit account funds. Transfers to the disbursing agent from the Dual Benefits Payments Account the amount necessary to make dual benefit payments. Requires the Railroad Retirement Board (RRB) to calculate the ratio of assets to benefits to determine annual tier II tax rates for employers, employee representatives, and employees. Amends the Internal Revenue Code to exempt the Fund from taxation. Repeals a supplemental annuity tax that railroad employers pay to finance a benefit for long-time rail employees. Provides for adjustments to railroad employers, employee representatives, and employee tier II tax rates.

Bill· HRH.R. 1157 (107th)referred

Pacific Salmon Recovery Act

United States · United States Congress · 21 March 2001

Pacific Salmon Recovery Act - Requires the Secretary of Commerce, subject to appropriations, to provide financial assistance for salmon conservation and habitat restoration activities to: (1) Alaska, Washington, Oregon, and California, and Idaho (qualified States); and (2) tribal governments in such States and Alaska Native villages or regional or village corporations that are involved in salmon management and recovery or conservation activities and have the organizational capability to maximize the benefits of assistance provided under this Act (qualified tribal governments). Allocates 85 percent of assistance per fiscal year equally among such States and 15 percent among qualified tribal governments. Requires qualified States, to receive assistance under this Act, to submit a Salmon Conservation and Salmon Habitat Restoration Plan to the Secretary. Directs qualified tribal governments, to receive such assistance, to enter into memoranda of understanding with the Secretary regarding use of the assistance. Requires funds allocated to qualified States to be used for local and regional projects. Permits the use of assistance outside the jurisdiction of the recipient if the assisted activity will provide conservation benefits to naturally produced salmon in streams of concern to the recipient. Requires States to match, in the aggregate, financial assistance provided under this Act. Directs States seeking assistance under this Act to establish citizens advisory committees or other similar fora for the public to participate in obtaining and using assistance under this Act. Requires qualified tribal governments to hold public meetings to receive recommendations on the use of such assistance. Includes: (1) Lahontan cutthroat trout and bull trout within the definition of "salmon" for purposes of applying this Act in Oregon; and (2) bull trout within such definition for purposes of applying this Act in Washington and Idaho. Amends the Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 2000 to extend the authorization of appropriations for capitalizing the Northern and Southern Funds under the 1999 Pacific Salmon Treaty Agreement through FY 2004. Directs the President, for U.S. citizens who served as employees of the International Pacific Salmon and North Pacific Fisheries Commissions who worked in Canada during the course of such employment, to: (1) calculate the difference in amount between the valuation of the Commissions' annuity for each employee's payment in U.S. and Canadian currency for past and future annuity payments; and (2) compensate such employees for past and future benefits resulting from the exchange rate inequity.

Bill· HRH.R. 1149 (107th)referred

NET Corps Act

United States · United States Congress · 21 March 2001

National Education Technology Corps Act (NET Corps Act) - Amends the Domestic Volunteer Service Act of 1973 to establish a National Education Technology Corps (NET Corps) as part of the Volunteers in Service to America (VISTA) program, using VISTA volunteers and others with appropriate expertise, in partnerships to facilitate use of information technology in schools, libraries, and community centers. Amends the Internal Revenue Code to establish a business-related tax credit for employers for assistance to the NET Corps through their employees' services either as volunteers or as participants in partnerships.

Bill· HRH.R. 1139 (107th)open

Forest Tax Relief Act

United States · United States Congress · 21 March 2001

Forest Tax Relief Act - Terminates the Secretary of Agriculture's authority (through the Forest Service) to participate in the Recreational Fee Demonstration Program.

Bill· SS. 569 (107th)referred

Health Care Access Improvement Act

United States · United States Congress · 20 March 2001

Health Care Access Improvement Act - Amends the Internal Revenue Code to allow a tax credit ($1,000 per month during the 60-month eligibility period) for primary health services providers (physician, physician assistant, nurse practitioner) serving health professional shortage areas.

Bill· HRH.R. 1126 (107th)open

Family Care Tax Credit Act

United States · United States Congress · 20 March 2001

Family Care Tax Credit Act - Amends the Internal Revenue Code with respect to the household and dependent care services credit to: (1) eliminate the employment-related requirement; (2) increase the credit percentage; and (3) revise allowable amounts considered for credit calculation.

Bill· HRH.R. 1133 (107th)referred

To amend the impact aid program under the Elementary and Secondary Education Act of 1965 relating to the calculation of payments for small local educational agencies.

United States · United States Congress · 20 March 2001

Amends the Elementary and Secondary Education Act of 1965 to revise impact aid program requirements for calculating certain payments for small local educational agencies (LEAs). Requires a specified minimum payment to be made, in fiscal years for which insufficient funds are appropriated, to any eligible LEA with total student enrollment of fewer than 1,000 students that has a per-pupil expenditure less than the average of its State (as in current law) or less than the average of all the States.

Bill· HRH.R. 1127 (107th)referred

Health Care Tax Deduction Act of 2001

United States · United States Congress · 20 March 2001

Health Care Tax Deduction Act of 2001 - Amends the Internal Revenue Code to allow all individuals a deduction (not subject to the 7.5 percent medical deduction limitation) for amounts paid for qualifying health insurance and unreimbursed prescription drugs on behalf of the taxpayer, spouse, and dependents. Provides self-employed individuals not otherwise covered with 100 percent coverage for health insurance and unreimbursed prescription drug costs on behalf of the taxpayer, spouse, and dependents. Coordinates such deductions with existing individual and self-employed medical deduction provisions.

Bill· HRH.R. 1134 (107th)referred

Former Insurance Agents Tax Equity Act of 2001

United States · United States Congress · 20 March 2001

Former Insurance Agents Tax Equity Act of 2001 - Amends the Internal Revenue Code and the Social Security Act with respect to the exemption from the self-employment tax for certain termination payments received by former insurance salesmen. Repeals the requirement that the amount of such a payment not depend to any extent on length of service or overall earnings from services performed for the former insurance company.

Bill· HRH.R. 1137 (107th)referred

Private Sector Research and Development Investment Act of 2001

United States · United States Congress · 20 March 2001

Private Sector Research and Development Investment Act of 2001 - Amends the Internal Revenue Code to permanently extend and modify the research credit. Directs the Secretary of the Treasury to assist small and start-up businesses in complying with the requirements of such credit.

Bill· HRH.R. 1107 (107th)referred

To amend the Internal Revenue Code of 1986 to allow married individuals who are legally separated and living apart to exclude from gross income the income from United States savings bonds used to pay higher education tuition and fees.

United States · United States Congress · 20 March 2001

Amends the Internal Revenue Code to permit certain married individuals filing separate returns to exclude income from United States savings bonds used for higher education tuition and fees.

Bill· SS. 566 (107th)referred

Economic Stimulus Act of 2001

United States · United States Congress · 19 March 2001

Economic Stimulus Act of 2001 - Amends the Internal Revenue Code, as of tax year 2001, to reduce the 15 percent tax rate to ten percent for: (1) joint filers with taxable income below $20,000; (2) heads of household with taxable income below $16,000; and (3) single or married persons filing separately with taxable income below $10,000. Provides a payroll tax credit ($500 maximum) for qualifying taxpayers with no tax liability as of tax year 2001.

Bill· HRH.R. 1092 (107th)referred

To ensure that amounts in the Victims of Crime Fund are fully obligated.

United States · United States Congress · 19 March 2001

Amends the Victims of Crime Act of 1984 to require the Director of the Office for Victims of Crime to ensure that all sums in the Victims of Crime Fund in a fiscal year are in fact obligated in the subsequent fiscal year.

Bill· HRH.R. 1094 (107th)referred

Farmers' Value-Added Agricultural Investment Tax Credit Act

United States · United States Congress · 19 March 2001

Farmers' Value-Added Agricultural Investment Tax Credit Act - Amends the Internal Revenue Code to provide that for purposes of the general business credit, for either an eligible farmer or a farmer-owned entity, the value-added agricultural property investment credit for any taxable year is 50 percent of the basis of any qualified value-added agricultural property placed in service during the taxable year. Provides that, in the case of a farmer-owned entity, such credit shall be allocated on a pro rata basis among eligible persons holding qualified interests in such entity as of the last day of such taxable year. Limits such credit.

Bill· SS. 551 (107th)referred

Fair and Simple Shortcut Tax Plan

United States · United States Congress · 15 March 2001

Fair and Simple Shortcut Tax Plan - Amends the Internal Revenue Code to permit an electing individual to be subject to a 15 percent tax on wage income through a tax return free filing system. Permits individuals, as deductions under such system, only the standard deduction, the deduction for personal exemptions, and the homeowner expense deduction. Permits individuals, as credits under such system, only the child tax credit, the earned income credit, and the credit for overpayment of tax. Allows a limited Fair and Simple Shortcut Tax plan start-up credit for employers. Makes the standard deduction on a joint return twice that of a single return. Increases the alternative minimum tax exemption amount for self-employment income. Allows a limited nonrefundable credit for tax preparation expenses. Permits, for individuals not making the election under title I, a limited exclusion from income for interest and dividends.

Bill· SS. 558 (107th)referred

Indian Reservation Economic Investment Act of 2001

United States · United States Congress · 15 March 2001

Indian Reservation Economic Investment Act of 2001 - Amends the Internal Revenue Code to allow an Indian reservation investment credit based on specified amounts. Includes qualified personal property and qualified real property used or located outside an Indian reservation which is connected to existing tribal infrastructure in the reservation, including roads, power lines, water systems, railroad spurs, and communication facilities as a reservation infrastructure investment. Limits the credit based on the Indian unemployment rate. Provides for recapture of the credit in certain cases.

Bill· SS. 540 (107th)referred

Reserve Component Tax Assistance Act of 2001

United States · United States Congress · 15 March 2001

Reserve Component Tax Assistance Act of 2001 - Amends the Internal Revenue Code to allow as a business or trade deduction the expenses of a member of the reserve component of the U.S. armed forces in connection with such service. Makes such deduction available to itemizers and non-itemizers. Establishes related reserve component business-related employment and self-employment credits.

Bill· SS. 545 (107th)referred

A bill to amend the Internal Revenue Code of 1986 to extend the work opportunity credit to small business employees working or living in areas of poverty.

United States · United States Congress · 15 March 2001

Amends the Internal Revenue Code to extend the work opportunity credit to wages paid to small business employees working or living in areas with a poverty rate of at least 20 percent. Directs the Secretary of the Treasury to report to specified congressional committees on the effect of such credit extension.

Bill· HRH.R. 1076 (107th)referred

America's Better Classroom Act of 2001

United States · United States Congress · 15 March 2001

America's Better Classroom Act of 2001 - Amends the Internal Revenue Code to establish a limited credit for qualified public school modernization bonds (qualified school construction bonds and qualified zone academy bonds). Amends the General Education Provisions Act to provide for the application of certain labor standards to projects financed under this Act. Amends the Workforce Investment Act of 1998 to establish provisions concerning employment and training activities related to the construction or reconstruction of public school facilities.

Bill· HRH.R. 1045 (107th)referred

Energy Self-Sufficiency Act for the 21st Century

United States · United States Congress · 15 March 2001

Energy Self-Sufficiency Act for the 21st Century - Requires a utility distribution company to interconnect its local utility distribution facilities with, and provide service to, a distributed generation facility, if the facility owner or operator: (1) complies with a final rule promulgated by the Federal Energy Regulatory Commission (FERC) that establishes safety, reliability, and power quality standards for such a facility; and (2) pays the just, reasonable, and non-discriminatory costs directly related to such interconnection and service. Requires FERC to establish an advisory commission to make recommendations regarding promulgation of such a rule. Amends the Internal Revenue Code to extend the energy tax credit to distributed energy resources property placed in service during the taxable year, including distributed power property and combined heat and power system property. Instructs the Secretary of Energy to implement an accelerated cooperative research and development program to ensure reliability, efficiency, and environmental responsibility of Distributed Energy Resources, including: (1) Advanced Energy Technologies and Systems Development; (2) Advanced Grid Reliability Technologies development; and (3) Technology Transfer and Education. Directs the Secretary to develop and submit to Congress a six-year research and development program plan.

Bill· HRH.R. 1072 (107th)referred

Student Debt Relief Act

United States · United States Congress · 15 March 2001

Student Debt Relief Act - Amends the Internal Revenue Code to allow a limited credit for interest paid on any qualified higher education loan.

Bill· HRH.R. 1062 (107th)referred

Employee Participation Incentive Act of 2001

United States · United States Congress · 15 March 2001

Employee Participation Incentive Act of 2001 - Amends the Internal Revenue Code to: (1) establish a maximum tax rate of 30 percent for certain corporations with both an employee voting and value percentage of at least 20 percent; (2) provide an exclusion, of up to 20 percent of wages, from gross income for compensation paid in stock by certain corporations; and (3) permit a deduction to certain corporations when granting qualified stock options.

Bill· HRH.R. 1079 (107th)referred

To amend the Internal Revenue Code of 1986 to change certain threshold and other tests in order to decrease the amount of farm labor wages that are subject to Social Security and Medicare taxes, and for other purposes.

United States · United States Congress · 15 March 2001

Amends the Internal Revenue Code and the Social Security Act, respectively, to increase the cash remuneration or employer expenditure thresholds for agricultural labor wage purposes. Amends the Code to provide for collection coordination of agricultural labor employment tax and income tax.

Bill· HRH.R. 1037 (107th)referred

Small Employer Tax Relief Act of 2001

United States · United States Congress · 15 March 2001

Small Employer Tax Relief Act of 2001 - Amends Internal Revenue Code small business provisions to: (1) permit a 100 percent deduction for the health insurance costs of the self-employed; (2) repeal the Federal unemployment surtax; (3) increase the dollar expensing limitation; (4) increase the deduction for business meals; (5) permit use of the cash method of accounting; (6) repeal the alternative minimum tax on individuals; (7) make the research credit permanent; (8) provide credits for long-term training of employees in highly skilled small business trades, for dry or wet cleaning equipment using nonhazardous primary process solvents, and for recycling or remanufacturing equipment; (9) specify that computer software is eligible for expensing; (10) provide a two-year recovery period for computers, software, and peripheral equipment; (11) eliminate the income-based limitation on the use the preceding year's tax respecting estimated tax payments; (12) exclude from partnership filing requirements married couple-business owners; (13) increase the self-employment tax threshold amount; (14) repeal the recognition of gain rule for home offices that are part of a principal residence sale; (15) revise certain taxpayer protections; and (16) repeal failure-to-pay and interest penalty provisions.

Bill· HRH.R. 1050 (107th)referred

To amend the Internal Revenue Code of 1986 to allow credits against income tax for an owner of a radio broadcasting station which donates the license and other assets of such station to a nonprofit corporation for purposes of supporting nonprofit fine arts and performing arts organizations, and for other purposes.

United States · United States Congress · 15 March 2001

Amends the Internal Revenue Code to allow income tax credits to the owner of a commercial radio station donating the station's license and other assets (a 125 percent credit for the license and a 100 percent credit for the assets) to a tax-exempt organization which agrees to operate the radio broadcasting station being donated to it as a for-profit venture, with profits dedicated to the support of non-profit fine arts and performing arts organizations in its service area.

Bill· HRH.R. 1040 (107th)referred

Freedom and Fairness Restoration Act of 2001

United States · United States Congress · 15 March 2001

Freedom and Fairness Restoration Act of 2001 - Amends the Internal Revenue Code to impose a 19 percent tax (17 percent after December 31, 2002) on the taxable income of every individual. 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 19 percent (17 percent after December 31, 2002) of the business taxable income of such person. Makes the person engaged in the business activity liable for the tax. Imposes a tax of 19 percent (17 percent after December 31, 2002) 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 specified provisions: (1) relating to pension plans; and (2) imposing a tax on any employer reversion from a qualified plan. Revises requirements regarding transfers of excess pension assets. Repeals provisions respecting: (1) alternative minimum tax; (2) tax credits; (3) estate and gift taxes; and (4) subject to exception, normal taxes and surtaxes. Makes it not in order in the House of Representatives or the Senate, unless waived or suspended in the House or the Senate by a three-fifths vote of the Members, to consider any bill, joint resolution, amendment thereto, or conference report thereon that includes any provision that increases an income tax rate, creates an additional tax rate, reduces the standard deduction, or provides any exclusion, deduction, credit, or other benefit that results in a reduction in Federal revenues.

Bill· HRH.R. 6 (107th)open

Marriage Penalty and Family Tax Relief Act of 2001

United States · United States Congress · 15 March 2001

Marriage Tax Elimination Act of 2001 - Amends the Internal Revenue Code (IRC) to provide that the basic standard deduction on a joint return shall be equal to 200 percent of the dollar amount of an individual who is not married. Provides a schedule for making, by 2005, the maximum taxable income in the lowest married bracket equal to double the maximum taxable income in the lowest single filer bracket. Increases the earned income credit phaseout amount on a joint return by $2,000. Revises IRC provisions relating to limitation based on tax liability and the definition of such liability to provide that the aggregate amount of credits allowed as nonrefundable personal credits shall not exceed the sum of: (1) the taxpayer's regular tax liability for the taxable year reduced by the foreign tax credit; and (2) the tax imposed by the alternative minimum tax.

Bill· HRH.R. 1018 (107th)open

Economic Recovery and Growth Act of 2001

United States · United States Congress · 14 March 2001

Economic Recovery and Growth Act of 2001 - Amends the Internal Revenue Code with respect to reducing or repealing, among other things: (1) tax rates for individuals; (2) alternative minimum tax; (3) capital gains; (4) estate and gift tax; (5) marriage penalty; (6) Federal communications excise tax; (7) taxes for farmers, ranchers, fishermen; and (8) occupational taxes relating to alcoholic beverages. Increases, extends, or expands tax benefits with respect to, among other things: (1) pensions and individual retirement accounts (IRAs); (2) child tax credit; (3) education IRAs and qualified tuition programs; (4) adoption expenses credit; (5) charitable contributions; (6) social security benefits; (7) expense treatment for small businesses; (8) self-employed health insurance cost deduction; and (9) research credit.

Bill· HRH.R. 1024 (107th)referred

Transportation Tax Equity and Fairness Act

United States · United States Congress · 14 March 2001

Transportation Tax Equity and Fairness Act - Amends the Internal Revenue Code to repeal the special fuel excise tax on railroads and inland waterway transportation. Subjects diesel fuel used in trains to the additional tax for the Leaking Underground Storage Tank Trust Fund.

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