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Taxation

Records whose title is actually about this topic. Use a country filter if the list is still too broad.

951 records in US in 1983

All countriesUnited States · 53,051European Union · 5,204Ireland · 4,382Austria · 4,171United Kingdom · 3,280France · 2,309Germany · 1,781Netherlands · 865Belgium · 1Search this topic

Records

Bill· SS. 30 (98th)open

A bill to amend the Internal Revenue Code of 1954 to provide that individual income tax rates not be adjusted to reflect increases in the Consumer Price Index.

United States · United States Congress · 26 January 1983

Amends the Internal Revenue Code to repeal provisions requiring cost of living adjustments in the income tax rates which were to take effect in 1985. Sets the zero bracket amount at $3,200 for joint returns and surviving spouses, $2,200 for individuals, and $1,600 for married individuals filing separate returns. Amends the Internal Revenue Code, as amended by the Economic Recovery Tax Act of 1981, to eliminate the cost of living adjustment to the $1,000 personal tax exemption. Makes conforming changes in tax return requirements.

Bill· SS. 43 (98th)open

A bill to advance by one year the inflation adjustments to tax tables and to raise the personal exemptions to $2,000.

United States · United States Congress · 26 January 1983

Amends the Internal Revenue Code to advance from 1985 to 1984 the effective date for inflation adjustments to the tax tables. Increases the personal tax exemption amount from $1,000 to $2,000. Increases the zero-bracket amount for each filing category. Increases minimum income levels for tax return filing requirements. Provides for inflation adjustments for the personal tax exemption amount, the zero-bracket amount, and minimum return requirements, beginning in 1985.

Bill· SS. 16 (98th)open

A bill to amend the Internal Revenue Code of 1954 to provide for the establishment of, and the deduction of contributions to, education savings accounts.

United States · United States Congress · 26 January 1983

Amends the Internal Revenue Code to allow an individual taxpayer an income tax deduction for contributions to a savings account established to pay the educational expenses (tuition, supplies, meals and lodging) of such taxpayer or the taxpayer's child at an institution of higher education or a vocational school. Limits the amount of such deduction to $750 (adjusted for inflation) for each account per year, up to a maximum of $3,000 for all accounts that are established. Specifies that no account may have more than one beneficiary and that no individual may be a beneficiary of more than one account. Permits the deferral of income tax on income accumulated in such educational savings accounts as long as such amounts are used exclusively for educational expenses. Specifies penalties for the use of account funds for other than educational purposes. Excludes from the gross income of account beneficiaries any distributions from the account made on their behalf which are used for educational expenses.

Resolution· SRESS.Res. 16 (98th)referred

A resolution to affirm fiscal responsibility.

United States · United States Congress · 26 January 1983

Declares that it is the sense of the Senate that the Budget Committee of the Senate consider in detail the option of a freeze on Federal spending at FY 1983 levels in developing concurrent budget resolutions for FY 1984, 1985, and 1986.

Bill· HRH.R. 988 (98th)open

A bill to amend the Internal Revenue Code of 1954 to increase the amount allowed to be deducted each taxable year for expenses incurred in connection with the elimination of architectural and transportation barriers for the handicapped and elderly from $25,000 to $100,000, and to make permanent the allowance of such deduction.

United States · United States Congress · 26 January 1983

Amends the Internal Revenue Code to increase from $25,000 to $100,000 the allowable amount of the income tax tax deduction for eliminating architectural and transportation barriers for the handicapped and aged. Makes such tax deduction permanent.

Bill· HRH.R. 976 (98th)open

A bill to amend the Internal Revenue Code of 1954 to provide that the amount of the charitable deduction allowable for expenses incurred in the operation of a motor vehicle will be determined in the same manner Government employees determine reimbursement for use of their vehicles on Government business.

United States · United States Congress · 26 January 1983

Amends the Internal Revenue Code to provide that the amount of the charitable deduction allowable for motor vehicle expenses will be determined in the same manner Federal employees determine reimbursement for business use of their vehicles.

Bill· HRH.R. 955 (98th)referred

A bill to establish a bipartisan national commission to study ways of improving Federal and State efforts to enforce child support obligations and recoup delinquent child support payments.

United States · United States Congress · 26 January 1983

Establishes the National Commission on Improved Child Support Enforcement. Directs the Commission to study and investigate the factors which cause or contribute to the high rate of nonpayment of court-ordered and voluntary child support obligations and which prevent the effective enforcement of such obligations, in order to develop ways of improving and coordinating Federal and State efforts to enforce such obligations and recoup delinquent child support payments. Sets forth provisions for the Commission's membership, Director, staff, experts, consultants, and powers. Directs the Commission to report, with recommendations, to the President and the Congress within one year after the date of enactment of this Act. Terminates the Commission 30 days after submission of its report. Authorizes appropriations.

Bill· HRH.R. 946 (98th)referred

A bill to amend title II of the Social Security Act and chapters 2 and 21 of the Internal Revenue Code of 1954 to provide that the hospital insurance program shall hereafter be financed from general revenues rather than through the imposition of payroll taxes as at present, reallocating the future proceeds of such taxes to the old-age, survivors, and disability insurance program in order to assure the actuarial soundness of that program.

United States · United States Congress · 26 January 1983

Amends titles II (Old Age, Survivors and Disability Insurance) and XVIII (Medicare) of the Social Security Act and the Internal Revenue Code to finance the payment of hospital insurance benefits through general tax revenues and adjust the tax rates on employers, employees, and self-employment income to finance the old age, survivors and disability insurance program.

Bill· HRH.R. 1001 (98th)referred

Credit for Older Workers Act

United States · United States Congress · 26 January 1983

Credit for Older Workers Act - Amends the Internal Revenue Code to provide a refundable income tax credit for social security taxes paid by an individual who has attained age 62 but not age 68.

Bill· HRH.R. 981 (98th)referred

International Sales and Services Corporation Tax Act of 1982

United States · United States Congress · 26 January 1983

International Sales and Services Corporation Tax Act of 1983 - Amends the Internal Revenue Code to repeal the tax deferral provisions relating to Domestic International Sales Corporations (DISC) and to allow U.S. corporations or citizens to establish an International Sales and Services Corporation (ISSC) in lieu of a DISC. Allows the transfer of assets from an existing DISC to an ISSC. Sets forth rules for such transfers. Provides that, for qualification as an ISSC, a corporation must: (1) have 95 percent or more of its gross receipts as qualified trading receipts; (2) have 95 percent or more of all assets as qualified trading assets; (3) have only one class of stock and have outstanding stock with a par or stated value of at least $2,500; (4) have a taxable year which is the same as that of any of its principal shareholders; (5) maintain a duplicate set of records and books in the United States; and (6) make an election to be treated as an ISSC. Defines "qualified export assets" and "qualified export receipts" for purposes of this Act. Makes ineligible for ISSC treatment any corporation which is: (1) incorporated in any State or Puerto Rico; (2) incorporated in a country which does not generally impose an income or similar tax; (3) a personal holding company; or (4) a member of a controlled group which includes a DISC. Sets forth inter-company pricing rules in the case of the sale of trading property to an ISSC by a person subject to allocation of income rules. Sets forth rules for the taxation of income to shareholders. Sets forth rules for the treatment of gains on the disposition of stock in an ISSC. Allows a foreign tax credit to shareholders of an ISSC for a proportionate share of taxes paid by an ISSC to a foreign country. Sets forth rules for the allocation of income to shareholders in the case of an actual distribution.

Bill· HRH.R. 973 (98th)referred

A bill to amend the Internal Revenue Code of 1954 to make permanent the present percentage rate for computing the addition to reserves for bad debts for banks and to modify the experience method to allow a showing based on facts and circumstances.

United States · United States Congress · 26 January 1983

Amends the Internal Revenue Code to make permanent the present one percent rate for deductible additions to a bank's bad debt loss reserve account. Modifies the experience method of determining amounts necessary to sustain such a reserve account to allow a taxpayer to use an alternate method of determining reasonable additions to reserve accounts.

Bill· HRH.R. 969 (98th)referred

Individual Housing Account Act of 1983

United States · United States Congress · 26 January 1983

Individual Housing Account Act of 1983 - Amends the Internal Revenue Code to allow an income tax deduction for cash contributions to a savings account established for the benefit of the taxpayer (or the taxpayer and spouse if married) for the exclusive purpose of purchasing the taxpayer's first principal residence. Limits the maximum annual deduction to $4,000, with a maximum lifetime deduction of $20,000. Provides that there is no maximum yearly income for eligibility in the program. Limits to 20 percent the amount of the total yearly contribution which may come from unearned income. Limits all members of a family to one individual housing account until each member is independent and files separate tax returns. Allows only one account to be applied against the purchase of a single dwelling. Excludes distributions from such account from gross income if they are used exclusively for the purchase of a first principal residence. Provides for recapture of such distribution upon a subsequent sale of the residence if another house is not purchased with the proceeds.

Bill· HRH.R. 965 (98th)referred

A bill to amend the Internal Revenue Code of 1954 to provide a refundable tax credit for taxpayers who maintain households which include elderly persons who are determined by a physician to be disabled.

United States · United States Congress · 26 January 1983

Amends the Internal Revenue Code to allow a refundable income tax credit to any individual who maintains a household which includes one or more elderly qualified persons. Sets the amount of such credit at $1,000 for each such elderly person living in the household. Limits the aggregate amount creditable to $2,000 on any return for the taxable year. Defines "qualified elderly person" as any individual who: (1) has attained age 65; (2) has an impairment which, as determined by a physician, renders such individual physically or mentally incapable of caring for himself and has lasted or is expected to last six months or longer; and (3) has as a principal place of abode for more than half of the taxable year the home of the taxpayer.

Bill· HRH.R. 970 (98th)referred

A bill to amend the Internal Revenue Code of 1954 to exempt from tax gain the sale of an individual's principal residence.

United States · United States Congress · 26 January 1983

Amends the Internal Revenue Code to exclude from gross income the gain from the sale or exchange of property if: (1) the taxpayer has owned and used such property as a principal residence for periods aggregating three years out of the five preceding years; or (2) the taxpayer has owned and used such property as a principal residence for periods aggregating 11 months out of the 12 preceding months. Removes the requirement that the taxpayer must be at least 55 years old. Limits the exclusion to one sale or exchange during the taxable year. Deletes the limitation on the amount of gain which can be excluded.

Bill· HRH.R. 1000 (98th)referred

A bill to amend the Internal Revenue Code of 1954 to permit an exemption of the first $10,000 of retirement income received by a taxpayer under a public retirement system or any other system if the taxpayer is at least 65 years of age.

United States · United States Congress · 26 January 1983

Amends the Internal Revenue Code to allow prisoners under a public retirement system or other retirees who are age 65 or over a $10,000 exclusion from gross income for any amount received as an annuity, pension or other retirement benefit.

Bill· HRH.R. 975 (98th)referred

A bill to amend the Internal Revenue Code of 1954 to allow the tax-exempt status of the interest of certain life insurance accounts to flow-through to policyholders.

United States · United States Congress · 26 January 1983

Amends the Internal Revenue Code to permit holders of life insurance policies to receive tax free income under annuity contracts funded by segregated exempt interest accounts in which 50 percent of the assets of such accounts consist of tax-exempt State or local government securities. Disallows tax deductions for expenses and interest incurred by life insurance companies in the maintenance of such exempt-interest asset accounts.

Bill· HRH.R. 971 (98th)referred

A bill to amend the Internal Revenue Code of 1954 to provide that no gain or loss will be recognized in the case of transfers of a principal residence in divorce or legal separation proceedings.

United States · United States Congress · 26 January 1983

Amends the Internal Revenue Code to provide for the nonrecognition of gain resulting from the transfer of the taxpayer's principal residence to his spouse or former spouse pursuant to a divorce or a written separation agreement.

Bill· HRH.R. 967 (98th)referred

A bill to amend the Internal Revenue Code of 1954 to extend the credit for the employment of certain new employees, to include as a targeted group for purposes of such credit certain individuals who have exhausted their rights to unemployment benefits, and for other purposes.

United States · United States Congress · 26 January 1983

Amends the Internal Revenue Code to extend the targeted jobs tax credit from 1984 to 1989. Treats as members of a targeted group certain individuals who have exhausted rights to: (1) extended unemployment compensation during 1982 or 1983; or (2) regular benefits during 1982 or 1983 and are eligible for trade adjustment allowances.

Bill· HRH.R. 907 (98th)open

A bill to amend Section 119 of the Internal Revenue Code of 1954 to provide that meals furnished by an employer to an employee may be considered furnished for the convenience of the employer if the meals are furnished on the business premises of the employer generally, except under certain conditions whereby meals may be furnished off the business premises of the employer.

United States · United States Congress · 25 January 1983

Amends the Internal Revenue Code to extend the income tax exclusion for the cost of meals furnished by an employer to meals furnished off the business premises of the employer. Requires that such meals be furnished in kind and be furnished within a time frame consistent with the employer's established meal schedule.

Bill· HRH.R. 821 (98th)referred

A bill to amend the Internal Revenue Code of 1954 to permit qualified pension funds and certain educational organizations to invest in working interests in oil and gas properties without incurring unrelated business taxable income.

United States · United States Congress · 25 January 1983

Amends the Internal Revenue Code to permit qualified pension funds and certain educational organizations to invest in working interests in oil and gas wells without incurring unrelated business taxable income.

Bill· HRH.R. 906 (98th)open

A bill to amend the Internal Revenue Code of 1954 to provide that a fire or rescue vehicle and a chassis sold for conversion into a fire or rescue vehicle, an ambulance, hearse or combination ambulance-hearse will be exempt from the excise tax on trucks.

United States · United States Congress · 25 January 1983

Amends the Internal Revenue Code to exempt from the manufacturers excise tax on trucks: (1) any fire or rescue vehicle; and (2) any chassis sold for conversion to use as an ambulance, hearse, combination ambulance-hearse, or fire or rescue vehicle. Permits the credit or refund of overpayments of the excise tax imposed on chassis sold for such conversion.

Bill· HRH.R. 921 (98th)referred

A bill to amend the Internal Revenue Code of 1954 to modify the credit allowed for expenses for household and dependent care services necessary for gainful employment to include credit to individuals for expenses for the care of a mentally or physically handicapped child of such individual and to provide for the exemption from taxation of trusts established to provide care for such children except to the extent of distributions and to provide a deduction for contributions to such trusts.

United States · United States Congress · 25 January 1983

Amends the Internal Revenue Code to provide that taxpayers who incur expenses for the care of a dependent child who is mentally or physically handicapped shall be eligible for the child care credit whether or not such expenses were incurred while gainfully employed or outside the household. Increases the amount of such expenses which may be considered in determining the amount of the credit. Provides that the earned income limitation for such credit shall not apply to taxpayers who provide care for handicapped children. Grants tax-exempt status to a trust established for the care of a physically or mentally handicapped child of the taxpayer. Allows an income tax deduction for contributions to a child care trust. Limits the amount of such deduction to the lesser of 15 percent of the taxpayer's compensation includable in gross income for the taxable year, or $1,500. Provides that distributions from such a trust shall not be taken into consideration in determining the eligibility of such child for Federal or State assistance.

Bill· HRH.R. 897 (98th)referred

Job Incentive Act of 1983

United States · United States Congress · 25 January 1983

Jobs Incentive Act of 1983 - Amends the Internal Revenue Code to allow an income tax credit for each new employee position created by an employer in an area of substantial unemployment. Sets the amount of such credit at $1,000 for each new permanent employee position and $500 for each new temporary employee position. Defines "area of substantial unemployment" as any county, within the United States, in which the local unemployment rate exceeds the national unemployment rate. Allows a targeted jobs tax credit for the employment of new employees who are participating in a skills training program. Requires that such program must be in an occupation which is offered or approved by: (1) a trade or professional association representing a labor-shortage business or industry; or (2) a union representing substantial numbers of individuals employed in such business or industry.

Bill· HRH.R. 923 (98th)referred

A bill to amend the Internal Revenue Code of 1954 to allow certain individuals who have attained age sixty-five or who are disabled a refundable tax credit for property taxes paid by them on their principal residences or for a certain portion of the rent they pay on their principal residences.

United States · United States Congress · 25 January 1983

Amends the Internal Revenue Code to allow individuals who are either disabled or have attained the age of 65 a refundable income tax credit for real property taxes paid by them on their principal residences and for 25 percent of the rent they pay for their principal residence. Limits such tax credit to $500.

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