Taxation

ENERGY AND WATER DEVELOPMENT APPROPRIATIONS FOR FISCAL YEAR 2008

United States · United States Senate · 11 April 2007

FINANCIAL SERVICES AND GENERAL GOVERNMENT APPROPRIATIONS FOR FISCAL YEAR 2008

United States · United States Senate · 11 April 2007

DEPARTMENT OF DEFENSE AUTHORIZATION FOR APPROPRIATIONS FOR FISCAL YEAR 2008

United States · United States Senate · 10 April 2007

Housing America's Workforce Act

United States · United States Congress · 10 April 2007

Housing America's Workforce Act - Amends the Internal Revenue Code to allow employers a business tax credit for up to 50 percent of the qualified housing expenses paid for the benefit of their employees. Defines "qualified housing expenses" to include homeownership assistance and rental assistance. Limits the amount of such credit to the lesser of $10,000 or six percent of an employee's home purchase price, or up to $2,000 for rental assistance. Excludes from employee gross income the value of employer-paid housing assistance. Authorizes the Secretary of Housing and Urban Development to award grants in FY2008-FY2010, on a competitive basis, to nonprofit housing organizations or local governments for certain costs, including operating costs and technical assistance costs, of employer-assisted housing programs. Requires the Secretary to establish a national clearinghouse, including a website, to provide information about employer-assisted housing programs to federal, state, and local governments and other interested entities. Directs the Comptroller General to conduct a national evaluation of employer-assisted housing programs and provide to the Secretary an interim report by January 1, 2011, and final report by December 31, 2012.

Food and Drug Administration Revitalization Act

United States · United States Congress · 10 April 2007

Prescription Drug User Fee Amendments of 2007 - Amends the Federal Food, Drug, and Cosmetic Act to make changes to provisions governing prescription drug user fees. Removes provisions limiting the postmarket safety activities on approved human drug applications to three years after approval of a new drug. Sets forth provisions regarding user fees for human drug applications and supplements that the Secretary of Health and Human Services must collect beginning in FY2008, including the amount of revenue that such fees are to generate and relevant adjustments to such fees. Requires the Secretary to assess and collect fees for advisory review by the Secretary of direct-to-consumer television advertisements for a prescription drug product. Sets forth procedures for such review. Subjects each person that is assessed an advisory review fee to an operating reserve fee for the first fiscal year in which an advisory review fee is assessed. Requires the Secretary to: (1) annually set the fee for advisory review based on the number of direct-to-consumer advertisements that the Secretary will review in the next fiscal year; and (2) establish a Direct-to-Consumer Advisory Review Operating Reserve in the Food and Drug Administration (FDA) salaries and expenses appropriation account to continue such advisory review program in the event the fees collected in any subsequent fiscal year do not generate the fee revenue amount established for that fiscal year. Terminates the program if the Secretary fails to receive a certain amount of advisory review fees and operating reserve fees. Terminates provisions governing prescription drug user fees on October 1, 2012.

Flat Tax Act of 2007

United States · United States Congress · 10 April 2007

Flat Tax Act of 2007 - Replaces the income tax with a flat tax of 20 percent of taxable earned income of individual taxpayers. Defines "taxable earned income" as the excess of earned income (wages, salaries, professional fees) over a standard deduction, a deduction for cash charitable contributions, and a deduction for home mortgage interest. Sets forth definitions and special rules for surviving spouses, heads of household, and dependents. Imposes a flat tax of 20 percent on business taxable income. Defines "business taxable income" as gross active income (other than investment income) reduced by: (1) the cost of business inputs (cost of specified goods, services, travel, and entertainment expenditures); (2) employee compensation; and (3) the cost of personal and real property used in business activities. Disallows a deduction from gross active business income for purchases of goods and services provided to employees or owners and certain lobbying and political expenditures. Repeals: (1) estate, gift, and generation-skipping transfer taxes; (2) financing of presidential election campaigns provisions; and (3) coal industry health benefits provisions.

LEGISLATIVE BRANCH APPROPRIATIONS FOR FISCAL YEAR 2008

United States · United States Senate · 30 March 2007

Next Generation Air Transportation System Financing Reform Act of 2007

United States · United States Congress · 29 March 2007

Next Generation Air Transportation System Financing Reform Act of 2007 - Authorizes appropriations for FY2008-FY2010 for: (1) Federal Aviation Administration (FAA) air traffic control services; (2) FAA safety and operations; and (3) civil aviation research and development (R&D). Makes funds available for FY2008-FY2010 for the airport planning and development and noise compatibility planning programs (earmarking amounts for the airport cooperative research program). Establishes certain user fees for aircraft owners or operators for FAA air traffic control and other related services. Amends the airport improvement program to expand eligibility requirements for airport-related projects financed by passenger facility charges (currently, fees) to include projects for: (1) capital costs of the airport or local airport system; and (2) capital costs of a local facility directly related to air transportation of passengers or property that is available for public use. Revises requirements authorizing the imposition of passenger facility charges. Increases passenger facility charge amounts that can be imposed by an eligible agency. Revises: (1) the federal share of costs for airport improvement projects; and (2) the formula for apportionment of airport development funds to specified airports. Eliminates the Secretary of Transportation's (Secretary) small airport fund. Authorizes the Administrator of the FAA to carry out a pilot program for certain airports to takeover operational responsibility for airport terminal area air navigation equipment. Authorizes the Secretary to carry out a pilot program for non-federal acquisition of Automatic Dependent Surveillance-Broadcast (ADS-B) ground stations. Establishes an Air Transportation System Advisory Board. Authorizes the Secretary to establish the Realignment and Consolidation of Aviation Facilities and Services Commission to provide recommendations for consolidation of FAA services and facilities. Sets forth requirements authorizing the Administrator to access criminal history records or data bases systems with regard to FAA employees. Directs the Secretary to establish a program to evaluate market-based pricing mechanisms for domestic flights which may be adopted at congested airports. Directs the Secretary to carry out an environmental mitigation demonstration pilot program to reduce the impact of aircraft in the vicinity of airports. Extends the Secretary's authority to provide insurance and reinsurance against loss or damage arising out of any risk from the operation of a domestic or foreign aircraft. Revises eligibility requirements under the essential air service program. Terminates the Secretary's authority to set international mail rates. Revises requirements regarding prices, classifications, rules, and practices set for foreign air transportation. Amends the Internal Revenue Code to revise, on or after October 1, 2008, the tax rates imposed on aviation fuels. Extends the tax on the air transportation of persons and property through September 30, 2008. Decreases, on and after October 1, 2008, the tax imposed on persons for air transportation beginning or ending in the United States. Extends the expenditure authority of the Airport and Airway Trust Fund through October 1, 2017.

Workforce Health Improvement Program Act of 2007

United States · United States Congress · 29 March 2007

Workforce Health Improvement Program Act of 2007 - Amends the Internal Revenue Code to exclude from the gross income of employees: (1) the value of any on-premises employer-provided athletic facility; and (2) fees, dues, or membership expenses paid to an athletic or fitness facility by an employer for its employees, but not exceeding $900 per employee per year. Allows employers a tax deduction for fees, dues, or membership expenses paid to an athletic or fitness facility. Limits the amount of such deduction to $900 per employee per year.

Free Internet Filing Act

United States · United States Congress · 29 March 2007

Free Internet Filing Act - Directs the Secretary of the Treasury to enable individual taxpayers to file their income tax returns directly through the Internal Revenue Service website without the use of any intermediary.

A bill to amend title XXI of the Social Security Act to eliminate the remainder of funding shortfalls for the State Children's Health Insurance Program (SCHIP) for fiscal year 2007, and for other purposes.

United States · United States Congress · 29 March 2007

Amends title XXI (State Children's Health Insurance) (SCHIP) of the Social Security Act (SSA) to provide additional amounts to eliminate the remainder of SCHIP funding shortfalls for FY2007. Amends SSA title XIX (Medicaid) to require the use of tamper-resistant prescription pads under the Medicaid program. Repeals the limited continuous enrollment provision for certain beneficiaries under the Medicare Advantage Program. Denies payments for hospital or ambulatory surgical center services if in their provision there occurred a type of event which should never occur (events that directly harm patients).

Rural RISE Act

United States · United States Congress · 29 March 2007

Rural Investment to Strengthen our Economy Act of 2007 or Rural RISE Act - Amends the Internal Revenue Code to: (1) allow a capital loss deduction with respect to the sale or exchange of a principal residence in certain rural areas; and (2) expand the work opportunity tax credit to include a qualified small business employee as a targeted group member. Authorizes the Secretary of Education to carry out a program for the forgiveness of student loans for certain rural students who obtain a degree. Amends the Consolidated Farm and Rural Development Act to direct the Secretary of Agriculture to establish a: (1) rural entrepreneurship and microenterprise program; and (2) rural regional entrepreneurship program. Requires the Secretary of Labor to award grants to: (1) regional skill alliances (business consortia) serving certain rural areas to assist in the development of job skills necessary for employment in specific industries; and (2) states to assist businesses, organizations, and agencies representing such industries in conducting planning to form such alliances.

Generating Opportunity by Forgiving Educational Debt for Service Act of 2007

United States · United States Congress · 29 March 2007

Generating Opportunity by Forgiving Educational Debt for Service Act of 2007 - Amends the Internal Revenue Code to exclude from gross income student loan repayments by the federal government on behalf of federal employees and members of the Armed Forces on active duty. Exempts such repayments from social security taxes.

Fair Tax Act of 2007

United States · United States Congress · 29 March 2007

Fair Tax Act of 2007 - Repeals the income tax, employment tax, and estate and gift tax. Redesignates the Internal Revenue Code of 1986 as the Internal Revenue Code of 2007. Imposes a national sales tax on the use or consumption in the United States of taxable property or services. Sets the sales tax rate at 23% in 2009, with adjustments to the rate in subsequent years. Allows exemptions from the tax for property or services purchased for business, export, or investment purposes and for state government functions. Sets forth rules relating to: (1) the collection and remittance of the sales tax; and (2) credits and refunds. Allows families a sales tax rebate. Grants states the primary authority for the collection of sales tax revenues and the remittance of such revenues to the Treasury. Sets forth administrative provisions relating to: (1) the filing of monthly reports and payments of tax; (2) accounting methods; (3) registration of sellers of goods and services responsible for reporting sales; (4) penalties for noncompliance; and (5) collections, appeals, and taxpayer rights. Directs the Secretary of the Treasury to allocate sales tax revenues among: (1) the general revenue; (2) the old-age and survivors insurance trust fund; (3) the disability insurance trust fund; (4) the hospital insurance trust fund; and (5) the federal supplementary medical insurance trust fund. Prohibits the funding of the Internal Revenue Service (IRS) after FY 2011. Establishes in the Department of the Treasury: (1) an Excise Tax Bureau to administer excise taxes not administered by the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF); and (2) a Sales Tax Bureau to administer the national sales tax.

A bill to amend title XXI of the Social Security Act to eliminate the remainder of funding shortfalls for the State Children's Health Insurance Program (SCHIP) for fiscal year 2007, and for other purposes.

United States · United States Congress · 29 March 2007

Amends title XXI (State Children's Health Insurance) (SCHIP) of the Social Security Act (SSA) to provide additional amounts to eliminate the remainder of SCHIP funding shortfalls for FY2007. Directs the Secretary of Health and Human Services, in order to verify SSA title XIX (Medicaid) financial eligibility, to collaborate with the Commissioner of Social Security for use of the system for obtaining financial institution information to verify eligibility for SSA title XVI (Supplemental Security Income) (SSI) benefits.

Tax Simplification Act of 2007

United States · United States Congress · 29 March 2007

Tax Simplification Act of 2007 - Amends the Internal Revenue Code to replace the marginal income tax rates with a single rate of 19 percent (17 percent after December 31, 2009) 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 19 percent (17 percent after December 31, 2009) 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 19 percent (17 percent after December 31, 2009) 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.

To amend the Immigration and Nationality Act to provide status in each of fiscal years 2008 through 2012 for 65,000 H-1B nonimmigrants who have a master's or Ph.D. degree and meet the requirements for such status and whose employers make scholarship payments to institutions of higher education for undergraduate and postgraduate education.

United States · United States Congress · 29 March 2007

Amends the Immigration and Nationality Act to authorize the Secretary of Homeland Security to provide (H-1B visa) nonimmigrant status for a specified number of aliens during each of FY2008-FY2012 with a master's or Ph.D. degree whose employers make qualified scholarship payments to institutions of higher education for undergraduate and postgraduate study. (Gives scholarship priority to citizens and permanent resident aliens.)

Broadband Deployment Acceleration Act of 2007

United States · United States Congress · 29 March 2007

Broadband Deployment Acceleration Act of 2007 - Amends the Internal Revenue Code to permit taxpayers to elect to expense (i.e., deduct all expenses in the current taxable year) qualified broadband expenditures, including installation and connection costs for subscribers in rural or underserved areas. Permits mutual or cooperative telephone companies to elect to reduce their unrelated business taxable income in any year by the amount of their qualified broadband expenditures. Directs the Secretary of the Treasury to: (1) designate census tracts identifying rural and underserved areas under this Act; and (2) prescribe regulations for carrying out the purposes of this Act. Prohibits federal or state agencies from adopting regulations and ratemaking procedures that would eliminate or reduce the broadband expense deduction provided by this Act.

Elder Justice Act

United States · United States Congress · 29 March 2007

Elder Justice Act - Amends the Social Security Act (SSA) to establish an Elder Justice program under title XX (Block Grants to States for Social Services). Establishes within the Office of the Secretary of Health and Human Services (HHS) an Elder Justice Coordinating Council (EJCC). Establishes the Advisory Board on Elder Abuse, Neglect, and Exploitation. Directs the Secretary to make grants to eligible entities to establish stationary and mobile forensic centers, to develop forensic expertise regarding, and provide services relating to, elder abuse, neglect, and exploitation. Directs the Secretary to provide incentives for individuals to train for, seek, and maintain employment providing direct care in a long-term care (LTC) facility. Directs the Secretary to make grants to LTC facilities to: (1) offer continuing training and varying levels of certification to employees who provide direct care to LTC facility residents; and (2) provide bonuses or other benefits to employees who achieve certification. Authorizes the Secretary to make grants to assist LTC facilities in offsetting the costs for standardized clinical health care informatics systems designed to improve patient safety and reduce adverse events and health care complications resulting from medication errors. Directs the Secretary to ensure that HHS: (1) provides funding to state and local adult protective services services offices that investigate reports of elder abuse, neglect, and exploitation; and (2) collects and disseminates related data in coordination with the Department of Justice. Establishes a program of annual adult protective services grants to states. Directs the Secretary to make grants to eligible entities to: (1) improve the capacity of state LTC ombudsman programs to respond to and resolve abuse and neglect complaints; and (2) conduct pilot programs with state or local LTC ombudsman offices. Directs the Secretary to establish programs to provide and improve ombudsman training for national organizations and state LTC ombudsman programs. Amends part A of SSA title XI to require each individual owner, operator, employee, manager, agent, or contractor of an LTC facility receiving certain federal support to report to the Secretary and local law enforcement entities any reasonable suspicion of crimes occurring in such facility. Requires the owner or operator of such an LTC facility to notify the Secretary and the appropriate state regulatory agency of a facility's impending closure, as well as a plan for the transfer and adequate relocation of facility residents. Directs the Secretary to study and report to the EJCC and appropriate congressional committees on establishing a national nurse aide registry. Directs the Attorney General to: (1) study and report to the EJCC, the Advisory Board, and Congress on state laws and practices relating to elder abuse, neglect, and exploitation; and (2) develop and implement a long-term plan for elder justice programs and related activities. Authorizes the Attorney General to award advocacy grants for study of elder abuse victim needs. Directs the Attorney General to award grants to provide training and other types of support to local and state prosecutors as well as police and other front line law enforcement responders handling elder justice-related cases. Requires increased Department of Justice support for federal cases involving elder justice. Amends the Internal Revenue Code to create a long-term care facility worker employment tax credit.

Congressional Commission on Civic Service Act

United States · United States Congress · 29 March 2007

Congressional Commission on Civic Service Act - Establishes the Congressional Commission on Civic Service to make recommendations to Congress for: (1) improving the ability of individuals to serve others; (2) training leaders in public service organizations to better utilize individuals committed to national service and volunteerism as they manage human and fiscal resources; (3) identifying solutions to the barriers that make it difficult for some individuals to volunteer or perform national service; and (4) building on the foundation of current service and volunteer opportunities. Specifies topics to be addressed by the Commission, including deterrents to service, a mandatory service requirement, and the need for a public service academy.

To amend the Internal Revenue Code of 1986 to make permanent the deduction for mortgage insurance premiums.

United States · United States Congress · 29 March 2007

Amends the Internal Revenue Code to make permanent the tax deduction for mortgage insurance premiums.

Agricultural Business Security Tax Credit Act of 2007

United States · United States Congress · 29 March 2007

Agricultural Business Security Tax Credit Act of 2007 - Amends the Internal Revenue Code to allow a retailer of agricultural products and chemicals or a manufacturer, formulator, distributor, or transporter of certain pesticides a business tax credit for 30 percent of costs for or related to the protection of such chemicals or pesticides, including employee security training and background checks, installation of security equipment, and computer network safeguards. Sets a $2 million annual limit on such credit and a per facility limitation of $100,000 (reduced by credits received for the five prior taxable years). Terminates such credit after 2010.

To amend the Internal Revenue Code of 1986 to make the expensing of environmental remediation costs permanent law and to repeal the recapture of such expenses under section 1245 of such Code.

United States · United States Congress · 29 March 2007

Amends the Internal Revenue Code to: (1) make permanent the current year tax deduction (expensing) for environmental remediation costs; and (2) repeal requirements for the recapture upon sale of such deduction as ordinary income.

Charitable Driving Tax Relief Act of 2007

United States · United States Congress · 29 March 2007

Charitable Driving Tax Relief Act of 2007 - Amends the Internal Revenue Code to provide that volunteers who use their automobiles for the benefit of a charitable organization may exclude from their gross income reimbursements for their automobile operating expenses at the same level as business employees (i.e., 48.5 cents per mile in 2007).

Ending Tax Breaks for Discrimination Act of 2007

United States · United States Congress · 29 March 2007

Ending Tax Breaks for Discrimination Act of 2007 - Amends the Internal Revenue Code to deny all tax deductions for business expenses (including advertising expenses) associated with the use of a private club that discriminates on the basis of sex, race, or color.

Small Business Expensing Expansion and Permanency Act of 2007

United States · United States Congress · 29 March 2007

Small Business Expensing Expansion and Permanency Act of 2007 - Amends the Internal Revenue Code to: (1) increase the expensing allowance (i.e., a tax deduction in the current taxable year) for small business assets to $200,000 and make such allowance permanent; (2) increase the threshold for phaseout of such allowance to $800,000 (cost basis of property placed in service); (3) allow an inflation adjustment to the expensing and threshold amounts beginning after 2007; (4) make permanent the right of a taxpayer to revoke an election to expense; and (5) make permanent the inclusion of certain computer software as property eligible for expensing.

To amend the Internal Revenue Code of 1986 to provide a 15-year recovery period for nonresidential real property in rural areas.

United States · United States Congress · 29 March 2007

Amends the Internal Revenue Code to provide for accelerated depreciation (i.e., 15-year recovery period) for nonresidential real property placed in service in a rural area.

To require the Congressional Budget Office and the Joint Committee on Taxation to use dynamic economic modeling in addition to static economic modeling in the preparation of budgetary estimates of proposed changes in Federal revenue law.

United States · United States Congress · 29 March 2007

Expresses the sense of Congress that it is necessary to ensure that Congress is presented with reliable information from the Congressional Budget Office (CBO) and the Joint Committee on Taxation as to the dynamic macroeconomic feedback effects to changes in federal law and the probable behavioral responses of taxpayers, businesses, and other parties to such changes. Requires the Joint Committee and CBO, using among other methods dynamic estimating techniques, to prepare fiscal estimates of each proposed change in federal revenue law on the basis of assumptions that estimate the probable behavioral responses of personal and business taxpayers and other relevant entities to such change and its dynamic macroeconomic feedback effects. Applies such requirement only to proposed changes that, pursuant to static fiscal estimates, have a fiscal impact exceeding $250 million in any fiscal year.

Alzheimer's Family Assistance Act of 2007

United States · United States Congress · 29 March 2007

Alzheimer's Family Assistance Act of 2007- Amends the Internal Revenue Code to: (1) allow a phased-in tax credit ($1,000 in 2007 increasing by $500 each year until allowing $3,000 in 2011) for family caregivers of spouses and dependents who have long-term care needs; (2) allow a tax deduction for long-term care insurance premiums; and (3) apply certain consumer protection standards to long-term care insurance contracts.

Catastrophe Savings Accounts Act of 2007

United States · United States Congress · 29 March 2007

Catastrophe Savings Accounts Act of 2007 - Amends the Internal Revenue Code to create tax-exempt catastrophe savings accounts (CSAs). Allows tax-free distributions from CSAs to pay expenses resulting from a presidentially declared major disaster. Limits CSA balances to: (1) $2,000 (for individuals with homeowner insurance deductibles of not more than $1,000); and (2) the lesser of $15,000 or twice a homeowner's insurance deductible (for individuals with deductibles of more than $1,000).

Clean Renewable Energy for Public Power Act of 2007

United States · United States Congress · 29 March 2007

Clean Renewable Energy for Public Power Act of 2007 - Amends Internal Revenue Code provisions allowing a tax credit for holders of clean renewable energy bonds (CREBs) to: (1) eliminate allocation limitations on such bonds; (2) reduce from 95 to 90% the amount of CREB proceeds required for capital expenditures; (3) redefine "qualified project" and "public power entity" for CREB purposes; (4) repeal the national limitation on CREBs and arbitrage rules applicable to such bonds; and (5) extend through 2013 the authority for issuing CREBs.

To amend the National Defense Authorization Act for Fiscal Year 2006 to expand the provision of special immigrant status for certain aliens, including translators or interpreters, serving with Federal agencies in Iraq and Afghanistan.

United States · United States Congress · 29 March 2007

Amends the National Defense Authorization Act for Fiscal Year 2006 to authorize special immigrant status for certain Afghan or Iraqi translators or interpreters working with the U.S. Armed Forces or federal agencies in Afghanistan and Iraq. (Currently, such status is authorized for Afghan and Iraqi translators or interpreters working with U.S. Armed Forces in Afghanistan and Iraq.) Authorizes: (1) additional annual entrants; (2) adjustment to permanent resident status; and (3) eligibility for refugee assistance. Sunsets such special immigrant provisions.

To restore and make permanent the exclusion from gross income for amounts received under qualified group legal services plans and to increase the maximum amount of the exclusion.

United States · United States Congress · 29 March 2007

Amends the Internal Revenue Code to restore, make permanent, and eliminate the dollar limitation for the tax exclusion for amounts received under a qualified group legal services plan.

Rural Wind Energy Development Act

United States · United States Congress · 29 March 2007

Rural Wind Energy Development Act - Amends the Internal Revenue Code to allow: (1) a tax credit for the installation of wind energy property; and (2) an accelerated depreciation allowance for such property.

Housing America's Workforce Act

United States · United States Congress · 29 March 2007

Housing America's Workforce Act - Amends the Internal Revenue Code to allow employers a business tax credit for up to 50 percent of the qualified housing expenses paid for the benefit of their employees. Defines "qualified housing expenses" to include homeownership assistance and rental assistance. Limits the amount of such credit to the lesser of $10,000 or six percent of an employee's home purchase price, or up to $2,000 for rental assistance. Excludes from employee gross income the value of employer-paid housing assistance. Authorizes the Secretary of Housing and Urban Development to award grants in FY2008-FY2010, on a competitive basis, to nonprofit housing organizations or local governments for certain costs, including operating costs and technical assistance costs, of employer-assisted housing programs. Requires the Secretary to establish a national clearinghouse, including a website, to provide information about employer-assisted housing programs to federal, state, and local governments and other interested entities. Directs the Comptroller General to conduct a national evaluation of employer-assisted housing programs and provide to the Secretary an interim report by January 1, 2011, and final report by December 31, 2012.

Keeping Small Businesses Healthy Act of 2007

United States · United States Congress · 29 March 2007

Keeping Small Businesses Healthy Act of 2007 - Amends the Internal Revenue Code to allow certain small business employers (100 or fewer employees) a refundable tax credit for up to 60 percent of the health insurance costs paid for their employees.

Tax Equity for Health Plan Beneficiaries Act of 2007

United States · United States Congress · 29 March 2007

Tax Equity for Health Plan Beneficiaries Act of 2007 - Amends the Internal Revenue Code to: (1) extend the exclusion from gross income for employer-provided health care coverage to certain eligible beneficiaries and their dependent children; (2) revise the definition of "dependent" for purposes of the tax deduction for the health insurance costs of self-employed individuals; and (3) extend voluntary employees' beneficiary association sick and accident benefits to eligible beneficiaries and their dependents.

To amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other companies.

United States · United States Congress · 29 March 2007

Amends the Internal Revenue Code to allow affiliated life and non-life insurance companies to file consolidated tax returns. Allows: (1) a phasein, between 2007 and 2013, of the full application of losses of affiliated non-life insurance companies against the taxable income of an affiliated life insurance company; and (2) an automatic waiver of the five-year waiting period applicable to affiliated non-life insurance companies for offset of their losses against life insurance company income.

To facilitate and expedite direct refunds to coal producers and exporters of the excise tax unconstitutionally imposed on coal exported from the United States.

United States · United States Congress · 29 March 2007

Directs the Secretary of the Treasury to refund a portion of the excise tax paid by certain coal producers on coal exported to a foreign country or shipped to a U.S. possession after October 1, 1990.

Corrosion Prevention Act of 2007

United States · United States Congress · 29 March 2007

Corrosion Prevention Act of 2007 - Amends the Internal Revenue Code to allow a business-related tax credit for 50% of net expenditures for engineering design, materials, and application and installation of corrosion prevention and mitigation technology for depreciable property comprised primarily of metals susceptible to corrosion. Terminates such credit after 2017.

Amending the Rules of the House of Representatives to strengthen the point of order against the consideration of legislation that contains congressional earmarks.

United States · United States Congress · 29 March 2007

Amends Rule XXI (Restrictions on Certain Bills) of the Rules of the House of Representatives to provide that a point of order may be cognizable by the Chair against consideration of legislation if any list of earmarks, limited tax, and tariff benefits contained in the legislation, or any statement denying the existence of such items, is inaccurate. Requires inclusion on the required list of any provision or report language inserted by the chairman of a standing committee or any subcommittee with subject matter jurisdiction over the measure containing such provision or language that would be a congressional earmark, limited tax, or tariff benefit except that it was not requested by a Member, if such provision or report language is either targeted to the chairman's congressional district or unrelated to the purpose of the underlying measure.

Establishing the congressional budget for the United States Government for fiscal year 2008 and setting forth appropriate budgetary levels for fiscal years 2009 through 2012.

United States · United States Congress · 29 March 2007

Sets forth the congressional budget for the federal government for FY2008, including the appropriate budgetary levels for FY2009-FY2012. Lists recommended budgetary levels and amounts, for FY2008-FY2012, with respect to: (1) federal revenues; (2) new budget authority; (3) budget outlays; (4) deficits (on-budget); (5) debt subject to limit; and (6) debt held by the public. Lists the appropriate levels of new budget authority and outlays for specified major functional categories for FY2008-FY2012. Sets forth reconciliation instructions for the Committees on: (1) Agriculture; (2) Armed Services; (3) Education and Labor: (4) Energy and Commerce; (5) Financial Services; (6) Foreign Affairs; (7) the Judiciary; (8) Natural Resources; (9) Transportation and Infrastructure; and (10) Ways and Means. Requires the House Budget Committee to report a reconciliation bill providing for mandatory spending reform. Declares the policy in the resolution on: (1) taxation; (2) entitlement spending; and (3) the Bonneville Power Marketing Administration. Prohibits House legislation that would require advance appropriations, except certain FY2009 or FY2010 programs, projects, activities, or accounts. States that if legislation is reported that makes appropriations for FY2008 for contingency operations directly related to the global war on terrorism and other unanticipated defense-related operations, then the resulting new budget authority, new entitlement authority, outlays, or receipts shall not count for certain purposes of the Congressional Budget Act of 1974. Provides for adjustments for tax legislation. Repeals the Gephardt Rule (relating to mandatory adjustment of the statutory limit on the public debt to conform to a budget resolution). Requires introduction of budget process reform legislation. Requires the Treasury Department to study the impact of the current federal tort system on global competition and gross domestic product (GDP) growth. Prescribes the budgetary treatment of the National Flood Insurance Program. Provides for a nondefense reserve fund for emergencies. Authorizes the President to propose the cancellation (line item veto) of any dollar amount of discretionary budget authority, item of direct spending, limited tariff benefit, or targeted tax benefit. Expresses the sense of Congress on: (1) deferral authority; and (2) abuse of proposed cancellations. Makes it out of order in the House of Representatives to consider any legislation unless: (1) the required list of congressional earmarks, limited tax and tariff benefits, and the name of the requesting Member is also set forth in the text of the measure; and (2) such list is made publicly available on the Internet in a searchable format at least 48 hours before a measure's consideration. Makes it out of order to consider in the House or Senate any direct spending legislation, excluding the impact of any revenue provisions, increasing the on-budget deficit or causing an on-budget deficit for any one of specified applicable time periods. Makes it out of order to consider in the House legislation that would cause the discretionary spending limits in this resolution to be exceeded. Establishes specified discretionary spending limits in the House. Expresses the sense of the House of Representatives on: (1) child support enforcement; (2) state veterans cemeteries; and (3) the Internal Revenue Code. Expresses the sense of Congress on health insurance reform.

[H.A.S.C. No. 110-50]NATIONAL DEFENSE AUTHORIZATION ACT FOR FISCAL YEAR 2008 AND OVERSIGHT OF PREVIOUSLY AUTHORIZED PROGRAMS BEFORE THE COMMITTEE ON ARMED SERVICES HOUSE OF REPRESENTATIVES ONE HUNDRED TENTH CONGRESS FIRST SESSION

United States · United States House of Representatives · 28 March 2007

STATE, FOREIGN OPERATIONS, AND RELATED PROGRAMS APPROPRIATIONS FOR FISCAL YEAR 2008

United States · United States Senate · 28 March 2007

DEPARTMENT OF DEFENSE AUTHORIZATION FOR APPROPRIATIONS FOR FISCAL YEAR 2008

United States · United States Senate · 28 March 2007

DEPARTMENT OF DEFENSE AUTHORIZATION FOR APPROPRIATIONS FOR FISCAL YEAR 2008

United States · United States Senate · 28 March 2007

DEPARTMENT OF DEFENSE APPROPRIATIONS FOR FISCAL YEAR 2008

United States · United States Senate · 28 March 2007

FINANCIAL SERVICES AND GENERAL GOVERNMENT APPROPRIATIONS FOR FISCAL YEAR 2008

United States · United States Senate · 28 March 2007

DEPARTMENTS OF LABOR, HEALTH AND HUMAN SERVICES, AND EDUCATION, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2008

United States · United States Senate · 28 March 2007

STATE, FOREIGN OPERATIONS, AND RELATED PROGRAMS APPROPRIATIONS FOR FISCAL YEAR 2008

United States · United States Senate · 28 March 2007