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101 records in US in 1978
United States · United States Congress · 22 September 1978
Declares that the House of Representatives urges the Senate to adopt a similar provision to section 405 of H.R. 13511 (one-time tax exclusion from income of gain from the sale of a principal residence).
United States · United States Congress · 21 September 1978
Amends the Internal Revenue Code to limit the application of the attribution of ownership rules to a trust or estate which terminates its interest in a corporation through a stock redemption, for purposes of treating the proceeds from the stock redemption as capital gain.
United States · United States Congress · 21 September 1978
Sets forth the rule for the consideration of H.R. 13335 (Social Security Act Amendments).
United States · United States Congress · 21 September 1978
Sets forth the rule for the consideration of H.R. 14042 (Armed Forces authorizations).
United States · United States Congress · 20 September 1978
Amends the Internal Revenue Code to limit the application of the attribution of ownership rules to a trust or estate which terminates its interest in a corporation through a stock redemption, for purposes of treating the proceeds from the stock redemption as capital gain.
United States · United States Congress · 20 September 1978
Amends the Internal Revenue Code to qualify buildings used in connection with, or in the trade or business of, farming for the investment tax credit.
United States · United States Congress · 20 September 1978
Amends the Internal Revenue Code to treat an organization which is operated, supervised, or controlled by a fraternal beneficiary society as part of the lodge system of such society for purposes of determining the tax-exempt status of such organization.
United States · United States Congress · 20 September 1978
Amends the Internal Revenue Code to specify requirements regarding the use of structures for the housing, raising, or feeding of hogs, for purposes of the investment tax credit.
United States · United States Congress · 20 September 1978
Provides that the Internal Revenue Service's "Proposed Revenue Procedure on Private Tax-Exempt Schools" or any similar proposal shall not take effect unless the Service complies with recently published regulations of the Department of the Treasury requiring public hearings and Congressional approval of such proposals.
United States · United States Congress · 19 September 1978
State and Local Welfare Reform and Fiscal Relief Act - Amends the program of Aid to Families with Dependent Children (AFDC) established by Part A of Title IV of the Social Security Act to establish a new formula for determining the amount of the Federal payment to each State for amounts expended by a State under such program. Provides for an annual cost-of-living increase in such amount based on changes in the cost-of-living and State population. Requires that such increases be passed on the recipients of aid under the program. Establishes a program of supplemental grants to States with high unemployment in accordance with a formula set forth in this Act. Directs that each State plan for the operation of the State AFDC program provide for the reimbursement of the political subdivisions of the State for the amount contributed to the program by the subdivision.
United States · United States Congress · 19 September 1978
Amends the Internal Revenue Code to exclude from the gross estate of an individual the value of an annuity under a qualified State judicial plan or any benefits payable thereunder. Defines "qualified State judicial plan" as a compulsory defined benefit plan for the exclusive benefit of elected judges or their beneficiaries. Provides that the designation of a beneficiary under a State judicial plan shall not be considered a transfer of property for purposes of the gift tax.
United States · United States Congress · 19 September 1978
Authorizes continuing appropriations, as necessary, for certain on-going projects or activities in the Departments of Labor, Health, Education, and Welfare, and Defense Appropriations Acts. Specified that these funds shall not be used to initiate or resume any project or activity for which funds were not available during fiscal year 1978. Declares that none of the funds provided by this Resolution shall be used to perform abortions, except in certain cases.
United States · United States Congress · 18 September 1978
Amends the Internal Revenue Code to exempt ethanol from the Federal excise tax on distilled spirits when it is used as a solvent for compounds used in subsurface environmental monitoring activities.
United States · United States Congress · 18 September 1978
Amends the Internal Revenue Code to remove the dollar and percentage limitations on the amount of the estate and gift tax marital deductions.
United States · United States Congress · 15 September 1978
Directs the Ways and Means Committee of the House of Representatives to conduct a thorough and comprehensive review of the McCarthy plan for national property tax relief as a substitute for a reduction in Federal taxes.
United States · United States Congress · 14 September 1978
Welfare Reform and Fiscal Relief Act - Amends Part A of Title IV of the Social Security Act (Aid to Families with Dependent Children) to set forth a formula for determining the minimum monthly benefit amount for aid under such Title. Sets forth a new formula for determining Federal matching funds under the Aid to Families with Dependent Children program (AFDC). Establishes the maximum amount for which the Federal Government will reimburse a State under the program of matching Federal funds. Defines the term "assistance unit" which is introduced in this Act, as a dependent child (or children) and the relative (or relatives) with whom such child is living, who are claiming aid, and any other individual living in the same home as such child and relative whose needs the State determines should be considered in determining the need of such child or relative, but does not include any individual receiving supplemental security income benefits. Excludes, in determining need under Title IV with respect to an assistance unit: (1) the first $30 of earned income; (2) an amount equal to the expenses reasonably attributable to earning income; and (3) one-third of the remainder of earned income as such term is defined in this Act. Requires the Secretary of Health, Education, and Welfare to prescribe the types and allowable amounts of financial resources which an assistance unit otherwise eligible to receive AFDC benefits may own. Prohibits any unit member from receiving aid if unit liquid and nonliquid assets exceed $1,750 or, if the unit consists of two or more persons one of whom is age 60 or over, $3,000. Requires State plans under Title IV to provide AFDC benefits to children of unemployed or low-income parents. Defines an unemployed or low-income individual for purposes of this Act. Requires State plans under Title IV to provide level of benefits for an assistance unit of any size and any income level equal to or greater than the level of such benefits paid to a unit of such size and income level for the month of September 1978. Sets forth a formula for increased Federal payments to States for the AFDC program. Stipulates that an individual or assistance unit shall be considered to have made an application for AFDC benefits as of the time of the earliest action by such individual or unit which may reasonably be interpreted as a request for payment. Requires that an AFDC application form: (1) be prescribed by the Secretary; (2) ask only for such information as necessary to determine eligibility; (3) be available in languages other than English in certain geographic areas; (4) clearly specify the rights of applicants and the penalties for failure to comply; and (5) be accompanied by instructions for filling out such application. Permits applicants when applying to be assisted by any adult including a lawyer. Requires a determination as to eligibility to be made within 30 days from the date of application for aid. Permits any assistance unit to request a hearing if assistance is denied or if payments are terminated. Requires the replacement of lost or stolen checks within five days of a request for replacement. Requires full compliance with the Privacy Act of 1974 with respect to information provided on an application for AFDC. Authorizes payment to States for the planning, design, development, installation, and operation of statewide mechanized claims processing and information systems to assist in the administration of the AFDC program. Sets forth requirements for the operation of such information systems. Requires the Secretary of Health, Education, and Welfare to provide States with technical and financial assistance in developing and operating such information systems. Reduces Federal financial assistance to a State in which the dollar error rate of aid furnished by the State is greater than the target dollar rate of aid. Increases Federal financial assistance to States if such error rate is less than the target dollar error rate of aid. Sets forth formulas for determining such increases or decreases. Defines the terms "dollar error rate of aid," "target dollar error rate of aid," and "erroneous payments". Directs the Secretary to establish a target dollar error rate of aid for each State. Directs the Secretary to study those administrative costs which contribute to improved administration of State AFDC plans and to make recommendations to Congress with respect to those elements of administrative costs which should be matched by the Federal Government at a higher or lower percentage than the current matching percentage. Amends the Internal Revenue Code to increase the credit given, for eligible individuals, against earned income taxes to an amount equal to 15 percent of earned income not exceeding $6,500. Reduces the amount of such credit in accordance with a formula set forth in this Act. Redefines the terms "eligible individual" and "earned income". Declares that the minimum aid to families with dependent children amount shall gradually be increased to the official nonfarm poverty line. Directs the Secretary to study the way to achieve such goal and to report to Congress the results of such study.
United States · United States Congress · 14 September 1978
Amends the Internal Revenue Code to revise the definition of a foreign convention, the rules regarding limits on subsistence expenses at such conventions, and the substantiation of such expenses for purposes of claiming an income tax deduction.
United States · United States Congress · 14 September 1978
Amends the Internal Revenue Code to allow an income tax credit for 25 percent of the amount of rent paid by the taxpayer which is equal to the taxpayer's proportionate share of the local and State property taxes imposed on the land and building in which his dwelling unit is located.
United States · United States Congress · 14 September 1978
Amends the Internal Revenue Code to temporarily extend to domestic corporations which qualify as independent producers for purposes of the oil depletion allowance the foreign tax credit for production-sharing contracts.
United States · United States Congress · 14 September 1978
Amends the Internal Revenue Code to allow certain low-and-middle income individuals a limited refundable income tax credit for the property taxes or rent paid by them for their principal residence.
United States · United States Congress · 14 September 1978
Constitutional Amendment - Prohibits total appropriations from exceeding estimated revenues for a fiscal year, except in times of war or national emergency. Prohibits any increase in the national debt as it exists on the date this article is adopted.
United States · United States Congress · 13 September 1978
Amends the Internal Revenue Code to permit a taxpayer who does not itemize his deductions to deduct from gross income amounts paid as State and local income taxes.
United States · United States Congress · 13 September 1978
Amends the Budget and Accounting Act of 1921 to require the President's annual budget to include an estimate of the gross national product for the year. Amends the Congressional Budget Act to specify that the total budget outlays for any fiscal year beginning on or after October 1, 1979, shall not exceed a specified percentage of the gross national product, and for any fiscal year beginning on or after October 1, 1980, shall not exceed Federal revenues, except when the President determines that the national security requires it, or the national unemployment rate will exceed seven percent.
United States · United States Congress · 13 September 1978
Amends the Internal Revenue Code to increase the gift tax annual exclusion to $6,100 (with a cost of living adjustment for the quarter in which the gift is made) beginning in 1978.
United States · United States Congress · 13 September 1978
Declares that it is the sense of Congress that the "Proposed Revenue Procedure on Private Tax-Exempt Schools" should not be adopted by the Internal Revenue Service.
United States · United States Congress · 12 September 1978
Amends the Internal Revenue Code to permit the Secretary of the Treasury, upon the written request of the Secretary of Health, Education, and Welfare, to disclose the tax return information of any individual taxpayer who has applied for a student loan under the Higher Education Act of 1965 solely for the use of the Secretary in verifying information on such taxpayer's application. Permits the Commissioner of Education to release such information to educational institutions participating in the student loan program. Permits the Secretary of the Treasury to disclose the Commissioner the address of any individual taxpayer who has defaulted on a student loan. Permits the Commissioner to release addresses to participating educational institutions solely for use in locating defaulters. Amends Title XI (General Provisions) of the Social Security Act to authorize the Secretary of Health, Education, and Welfare to disclose to the Commissioner of Education, upon his written request, the mailing address of any social security benefit recipient who has defaulted on a student loan. Permits the Commissioner to release addresses to educational institutions participating in the student loan program.
United States · United States Congress · 12 September 1978
Constitutional Amendment - Provides that total expenditures shall not exceed total revenues for any fiscal year. Authorizes the suspension of such prohibition in time of war or by a vote of two-thirds of the members of the Senate and the House. Directs the amount of any annual deficit be considered an expenditure of the United States in the following fiscal year. Permits the Congress to apportion any annual deficit over the four following fiscal years, or to include such deficit in the gross Federal debt. Directs the Board of Governors of the Federal Reserve System to reduce the public debt of the United States through open-market operations.
United States · United States Congress · 11 September 1978
Jobs Credit Extension Act - Amends the Internal Revenue Code to extend the existing tax credit for the employment of new employees through December 31, 1980. Revises the credit to permit a taxpayer election to offset against tax liability 35 percent of the excess of unemployment wages paid during a calendar year over the amount of such wages paid during the previous year. Eliminates the requirements that the credit not exceed 50 percent of the increase in unemployment wages during a calendar year over 105 percent of the wages paid in the previous year and that the credit apply to unemployment wages paid during the calendar year which exced 102 percent of the wages paid in the preceding year. Limits the amount of the tax credit to $25,000. Allows an additional ten percent credit for the employment of physically or mentally handicapped individuals. Extends eligibility for the credit to the maritime industry.
United States · United States Congress · 11 September 1978
Amends the Internal Revenue Code to provide income, estate and gift tax deductions for charitable contributions for the construction or maintenance of buildings for tax-exempt lodge organizations.
United States · United States Congress · 11 September 1978
Amends the Internal Revenue Code to allow a ten percent investment tax credit for the construction of enclosures or structures used exclusively for the housing, raising, or feeding of poultry or their produce.
United States · United States Congress · 8 September 1978
Amends the Internal Revenue Code to permit a taxpayer who incurs product liability losses to carryback such losses as net operating business losses for an additional seven years beyond the three-year period presently allowed by law.
United States · United States Congress · 8 September 1978
Amends the Internal Revenue Code to make permanent the special tax treatment of church agency pension plans as qualified church plans. Provides that plans maintained by groups or associations of churches include individuals "substantially all" of whom are qualified beneficiaries. Allows such plans to retain accrued benefits, according to their terms, or to continue receiving contributions for up to five years for separated employees. Allows any plan which is determined to have failed to meet church plan requirements a grace period of 270 days, or any other period specified by the Secretary of the Treasury or a court in an adjudication of such an issue, to bring itself into compliance without becoming disqualified. Applies these provisions retroactively to 1974.
United States · United States Congress · 8 September 1978
Amends the Internal Revenue to provide that, for purposes of computing the allowable retirement plan exclusion and employer contributions allowance for church employees, all years of service for a church, church convention, church association or an agency for such principals, shall be considered employment for one employer.
United States · United States Congress · 8 September 1978
Amends the Internal Revenue Code to increase to $5,000 the amount of gambling winnings that are not subject to withholding of income tax.
United States · United States Congress · 8 September 1978
Amends the Internal Revenue Code to provide church employees the same power presently enjoyed by employees of tax-exempt health and education organizations to elect alternative exclusion allowances for contributions to annuity contracts. Provides a minimum allowance of $10,000 for annual additions to these contracts without respect to the amount of the employee's compensation.
United States · United States Congress · 7 September 1978
State and Local Welfare Reform and Fiscal Relief Act - Amends the program of Aid to Families with Dependent Children (AFDC) established by Part A of Title IV of the Social Security Act to establish a new formula for determining the amount of the Federal payment to each State for amounts expended by a State under such program. Provides for an annual cost-of-living increase in such amount. Requires that such increases be passed on to the recipients of aid under the program. Directs that each State plan for the operation of the State AFDC program provide for the reimbursement of the political subdivisions of the State for the amount contributed to the program by the subdivisions.
United States · United States Congress · 6 September 1978
Requires that total budget outlays and total new budget authority in concurrent resolutions on the budget reported by the Senate Committee on the Budget, pursuant to the congressional Budget Act of 1974, for fiscal years 1980, 1981, 1982 not exceed 98 percent of the adjusted amount of the appropriate level of total budget outlays or total budget authority set forth in the final concurrent resolution on the budget for fiscal year 1979.
United States · United States Congress · 6 September 1978
Amends the Internal Revenue Code to specify requirements regarding the use of structures for the housing, raising, or feeding of hogs, for purposes of the investment tax credit.
United States · United States Congress · 6 September 1978
Amends the Internal Revenue Code to make certain changes in the rules used in determining whether corporations are members of a controlled group for purposes of multiple tax benefits.
United States · United States Congress · 6 September 1978
Amends the Internal Revenue Code to include alimony payments in the computation of the amount of income upon which the income tax deduction for contributions to a retirement savings account will be based.
United States · United States Congress · 6 September 1978
Amends the Internal Revenue Code to allow a tax credit for expenses related to the purchase and installation of a fire detector in the home of the taxpayer.
United States · United States Congress · 6 September 1978
IRA-Employer Plan Coordination Act - Amends the Internal Revenue Code to extend to participants in tax-exempt employer pension plans the income tax deduction for cash contributions to a retirement savings account. Limits such deduction to the excess of the lesser of $1,500 ($1,750 for spousal plans) or an amount equal to 15 percent of an individual's employment compensation for a taxable year, over the total amount of contributions to a tax-exempt private employer plan to which such individual has a nonforfeitable right to 100 percent of his accrued benefits. Reduces, by five percent, the allowable deduction for participants in a multiemployer defined benefit plan or a church plan. Disallows deductions for employees covered by government plans, owner-employees, officers of corporations maintaining a plan, ten percent shareholders, and individuals who have attained age 70 1/2. Disallows deductions for individuals who are otherwise qualified but who do not conform to methods prescribed by the Secretary of the Treasury for computing the total amount of plan contributions for a taxable year. Sets forth rules for the mandatory distribution of certain amounts from an individual retirement plan when an individual acquires a nonforfeitable right to 100 percent of his accrued benefits under a tax-exempt private employer plan. Requires an individual retirement account to contain a method for determining the taxable year in which specific contributions are made to it and the amount of income and loss which is attributable to a specific contribution for each taxable year.
United States · United States Congress · 6 September 1978
Declares that no State or local government which reduces its share of funds for a cooperative Federal project in order to meet self-imposed spending limitations will receive any additional Federal funds to offset such a reduction.
United States · United States Congress · 25 August 1978
State and Local Welfare Reform and Fiscal Relief Act - Amends the program of Aid to Families with Dependent Children (AFDC) established by Part A of Title IV of the Social Security Act to establish a new formula for determining the amount of the Federal payment to each State for amounts expended by a State under such program. Provides for an annual cost-of-living increase in such amount. Requires that such increases be passed on to recipients of aid under the program. Directs that each State plan for the operation of the State AFDC program provide for the reimbursement of the political subdivisions of the State for the amount contributed to the program by the subdivisions.
United States · United States Congress · 25 August 1978
Amends the Internal Revenue Code to treat a library established by State or Federal law as a charitable institution for purposes of the charitable income tax deduction.
United States · United States Congress · 25 August 1978
Amends the Internal Revenue Code to change the period for the payment of the manufacturers' excise tax imposed on the sale of fishing equipment. Provides that the tax on such equipment sold during quarters ending on December 31, March 31, and June 30 is payable, respectively, on March 31, June 30, and September 24. Specifies that articles sold during the quarter ending September 30, shall be due at such time as the Secretary of the Treasury may prescribe.
United States · United States Congress · 25 August 1978
Amends the Internal Revenue Code to temporarily extend to domestic corporations which qualify as independent producers for purposes of the oil depletion allowance the foreign tax credit for production-sharing contracts.
United States · United States Congress · 25 August 1978
Amends the Internal Revenue Code to allow employers and employees an income tax credit for a portion of the social security taxes paid during the taxable year.
United States · United States Congress · 23 August 1978
Amends the Internal Revenue Code to allow a tax credit equal to one-half of contributions made to the United States Olympic Committee.
United States · United States Congress · 18 August 1978
Amends the Internal Revenue Code to allow, retroactively to August 15, 1971, the investment tax credit for the construction of agricultural structures used for single purpose food and plant production.