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101 records in US in 1990
United States · United States Congress · 10 October 1990
Requires the Secretary of the Treasury to include organ donation information with income tax refund payments.
United States · United States Congress · 10 October 1990
Pension Tax Equity Act of 1990 - Amends Federal law to prohibit a State from imposing an income tax on the pension income of an individual who is not a resident or domiciliary of such State.
United States · United States Congress · 10 October 1990
Assault Weapon Revenue Act of 1990 - Amends the Internal Revenue Code to apply firearms excise taxes to certain types of assault weapons.
United States · United States Congress · 10 October 1990
Amends the Internal Revenue Code to provide a business tax credit for employers of members of the Ready Reserve or National Guard absent from work on active duty in the amount of 50 percent of the actual compensation amount for the taxable year, plus ten percent of the unpaid compensation amount for the taxable year. Limits such credit to $2,000 with respect to any one Ready Reserve-National Guard employee.
United States · United States Congress · 10 October 1990
Waives points of order against the consideration of H.R. 5769 (Department of the Interior and related agencies appropriations).
United States · United States Congress · 9 October 1990
Amends the Internal Revenue Code to reduce the alternative tax for corporations on net capital gains realized from timber. Allows a deduction from gross income for taxpayers other than a corporation.
United States · United States Congress · 7 October 1990
Makes continuing appropriations for FY 1991 programs, projects, or activities as provided for in the following Acts: (1) the Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 1991; (2) the District of Columbia Appropriations Act, 1991; (3) the Energy and Water Development Appropriations Act, 1991; (4) the Foreign Operations, Export Financing, and Related Programs Appropriations Act, 1991, notwithstanding certain sections of specified laws; (5) the Departments of Labor, Health and Human Services, and Education, and Related Agencies Appropriations Act, 1991; (6) the Military Construction Appropriations Act; (7) the Rural Development, Agriculture, and Related Agencies Appropriations Act, 1991; (8) the Department of Transportation and Related Agencies Appropriations Act, 1991; (9) the Treasury, Postal Service, and General Government Appropriations Act, 1991; and (10) the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1991. Sets forth limitations on the use of such funds. Suspends any order on sequestration for FY 1991 issued before, on, or after the date of enactment of this joint resolution. Declares that such suspension ceases to be effective on October 20, 1990. Extends the temporary increase in the public debt to October 20, 1990.
United States · United States Congress · 7 October 1990
Sets forth the rule for the consideration of H.J. Res. 666 (continuing appropriations).
United States · United States Congress · 6 October 1990
Makes continuing appropriations for FY 1991 programs, projects, or activities as provided for in the following Acts: (1) the Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 1991; (2) the District of Columbia Appropriations Act, 1991; (3) the Energy and Water Development Appropriations Act, 1991; (4) the Foreign Operations, Export Financing, and Related Programs Appropriations Act, 1991, notwithstanding certain sections of specified laws; (5) the Departments of Labor, Health and Human Services, and Education, and Related Agencies Appropriations Act, 1991; (6) the Military Construction Appropriations Act, 1991; (7) the Rural Development, Agriculture, and Related Agencies Appropriations Act, 1991; (8) the Department of Transportation and Related Agencies Appropriations Act, 1991; (9) the Treasury, Postal Service, and General Government Appropriations Act, 1991; and (10) the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1991. Sets forth limitations on the use of such funds. Modifies the order on sequestration for FY 1991 by reducing the across-the-board percentage reduction reflected in such order from 32.4 percent for nondefense programs and 35.3 percent for defense programs to 14.4 percent for nondefense programs and 16.6 percent for defense programs. Extends a temporary increase in the public debt limit from October 6, 1990, until October 12, 1990.
United States · United States Congress · 6 October 1990
Provides for recommitting to conference the conference report on H. Con. Res. 310 (congressional budget).
United States · United States Congress · 5 October 1990
Amends the Internal Revenue Code and title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to revise social security tax rates to provide for reduced rates until 2015 and increased rates beginning in 2020. Increases the OASDI contribution and benefit base on a graduated basis from 1990 to 1996.
United States · United States Congress · 5 October 1990
Amends the Internal Revenue Code to extend from six years to ten years the period of limitation on collection after a tax assessment.
United States · United States Congress · 5 October 1990
Taxpayer Regulatory Relief Act of 1990 - Amends the Internal Revenue Code to repeal the authority of the Secretary of the Treasury to prescribe the extent to which rules and regulations may be applied without retroactive effect (or with it). Requires all final, temporary, or proposed regulations and rulings issued by the Secretary to apply prospectively from the date of publication in the Federal Register, unless the Congress supersedes such treatment.
United States · United States Congress · 5 October 1990
Amends the Internal Revenue Code to raise from $5,000,000 to $25,000,000 the threshold amount of tax-exempt bonds that a small governmental unit may issue and still remain within the exception from arbitrage rebate requirements. Makes the exception from such rebate for construction bonds effective as if included under the Tax Reform Act of 1986. Permits retroactive elections concerning such bonds to be made until 180 days after the date of enactment of this Act. States that any rebates paid shall not be refunded. Increases from $10,000,000 to $25,000,000 the amount of tax-exempt obligations excepted from the pro rata allocation of interest expense of financial institutions to tax-exempt interest for qualified small issuers. Repeals the five percent unrelated and disproportionate private use rules for private activity bonds. Provides that a bond shall not be treated as an arbitrage bond by reason of any failure to meet any requirements of temporary period investments if all earnings which would cause such bond to be an arbitrage bond are paid to the United States by the issuer by the required due dates. Authorizes the Secretary of the Treasury to prescribe regulations which retain yield restriction requirements in circumstances in which yield restriction has been imposed for a purpose other than preventing the earning of arbitrage. Reduces from 100 percent to 90 percent the amount of arbitrage to be rebated to the United States if certain State and local bonds are not to be treated as arbitrage bonds.
United States · United States Congress · 5 October 1990
Makes continuing appropriations for FY 1991 programs, projects, or activities as provided for in the following Acts: (1) the Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 1991; (2) the District of Columbia Appropriations Act, 1991; (3) the Energy and Water Development Appropriations Act, 1991; (4) the Foreign Operations, Export Financing, and Related Programs Appropriations Act, 1991, notwithstanding certain sections of specified laws; (5) the Departments of Labor, Health and Human Services, and Education, and Related Agencies Appropriations Act, 1991; (6) the Military Construction Appropriations Act, 1991; (7) the Rural Development, Agriculture, and Related Agencies Appropriations Act, 1991; (8) the Department of Transportation and Related Agencies Appropriations Act, 1991; (9) the Treasury, Postal Service, and General Government Appropriations Act, 1991; and (10) the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1991. Sets forth limitations on the use of such funds. Suspends any order on sequestration for FY 1991 issued before, on, or after the date of enactment of this joint resolution.
United States · United States Congress · 5 October 1990
Sets forth the rule for the consideration of H.J. Res. 660 (continuing appropriations).
United States · United States Congress · 4 October 1990
Amends the Internal Revenue Code to provide, for income tax purposes, for the allocation of interest expense attributable to environmental control assets.
United States · United States Congress · 4 October 1990
Amends the Federal Water Pollution Control Act to extend through FY 1992 the authorization of appropriations for: (1) specified research, investigations, training, and information; (2) grants to States for pollution control programs; (3) the Great Lakes program; (4) nonpoint source pollution control in rural areas; (5) interagency agreements to maintain water quality; (6) the clean lakes program; and (7) nonpoint source pollution management programs. Extends the general authorization for such Act through FY 1992. Increases the amount authorized to be appropriated for the State water pollution control revolving fund program for FY 1992.
United States · United States Congress · 4 October 1990
Sets forth ways to modify the budget summit agreement of 1990, as incorporated in H. Con. Res. 310.
United States · United States Congress · 3 October 1990
Business Cash Reporting Compliance Act of 1990 - Amends the Internal Revenue Code with respect to returns required for cash received in trade or business to include as cash any monetary instrument (whether or not in bearer form) with a face amount of up to $10,000. Increases penalties for the intentional disregard of reporting requirements for such transactions, including the structuring of transactions to evade such requirements. Directs the Secretary of the Treasury to study and report to specified congressional committees on compliance with this Act and the usefulness of such returns.
United States · United States Congress · 3 October 1990
Real Estate Tax Basis Calculation Technical Correction Act of 1990 - Amends the Internal Revenue Code, with respect to the adjusted basis for determining the gain or loss from the sale or other disposition of property, to provide that the cost of real property shall include the estimated costs of future improvements to such property that the seller is contractually obligated to make at the time of sale.
United States · United States Congress · 3 October 1990
Sets forth the rule for the consideration of H.J. Res. 660 (continuing appropriations).
United States · United States Congress · 2 October 1990
Amends the Internal Revenue Code to allow the one-time exclusion on gain from the sale of a principal residence to be taken before age 55 if the taxpayer is permanently and totally disabled. Removes the requirement that the property owned by the taxpayer aged 55 must have been used as his or her principal residence for periods aggregating three years or more during the five-year period ending on the date of sale or exchange.
United States · United States Congress · 2 October 1990
Sets forth the rule for the consideration of H.R. 5422 (intelligence services funding).
United States · United States Congress · 2 October 1990
Sets forth the rule for the consideration of the conference report on H. Con. Res. 310 (congressional budget).
United States · United States Congress · 1 October 1990
Amends the Internal Revenue Code and the Social Security Act to revise the exemption from social security taxes of sickness or accident disability payments under workers' compensation acts.
United States · United States Congress · 1 October 1990
Makes continuing appropriations for FY 1991 programs, projects, or activities as provided for in the following Acts: (1) the Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 1991; (2) the District of Columbia Appropriations Act, 1991; (3) the Energy and Water Development Appropriations Act, 1991; (4) the Foreign Operations, Export Financing, and Related Programs Appropriations Act, 1991, notwithstanding certain sections of specified laws; (5) the Departments of Labor, Health and Human Services, and Education, and Related Agencies Appropriations Act, 1991; (6) the Military Construction Appropriations Act, 1991; (7) the Rural Development, Agriculture, and Related Agencies Appropriations Act, 1991; (8) the Department of Transportation and Related Agencies Appropriations Act, 1991; (9) the Treasury, Postal Service, and General Government Appropriations Act, 1991; and (10) the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1991. Sets forth limitations on the use of such funds. Suspends any order on sequestration for FY 1991 issued before, on, or after the date of enactment of this joint resolution.
United States · United States Congress · 30 September 1990
Windfall Profit Tax and Deficit Reduction Act of 1990 - Amends the Internal Revenue Code to reinstate the windfall profit tax on domestic crude oil. Revises the inflation adjustment and declares the base price to be the average price per barrel of taxable crude oil during the four-month period ending on July 31, 1990, as determined by the Secretary of the Treasury. Repeals the phaseout of the tax, thus making the tax permanent law. Limits the category of newly discovered oil to oil from newly drilled wells. Declares the term taxable crude oil to include any futures contract on taxable crude oil and provides for its tax treatment. Establishes the Low Income Energy Support Trust Fund to fund the grant program under the Low-Income Home Energy Assistance Act of 1981 and the weatherization program under the Energy Conservation in Existing Buildings Act of 1976. Transfers to such Fund 50 percent of the taxes received from the windfall profit tax on domestic crude oil. Requires the use of the first-in, first-out method of accounting for crude oil inventorying.
United States · United States Congress · 28 September 1990
Amends the Internal Revenue Code to permanently extend the period during which qualified mortgage bonds and mortgage credit certificates may be issued. (Under current law, authority for these programs is due to expire as of 1990.) Modifies the method of determining high housing cost areas. Provides for the permanent extension of the low-income housing credit. Modifies the determination of the eligible basis of any building in a difficult development area to include the adjusted basis of the real property upon which the building is located. Revises the formula for allocating unused housing credit carryovers among qualified States.
United States · United States Congress · 28 September 1990
Amends the Internal Revenue Code to repeal the requirement that less than 30 percent of the gross income of a regulated investment company be derived from the sale or disposition of any of the following which were held for less than three months: (1) stocks or securities; (2) options, futures, or forward contracts (other than those on foreign currencies); or (3) certain foreign currencies.
United States · United States Congress · 28 September 1990
Department of Defense Supplemental Authorization Act for Fiscal Year 1990 - Title I: Supplemental Authorization of Appropriations for Fiscal Year 1990 - Authorizes supplemental appropriations for FY 1990 for: (1) the armed forces and other agencies and activities of the Department of Defense (DOD); (2) the Defense Stock Fund; and (3) military personnel. Allows the Secretary of Defense to: (1) transfer a specified amount of funds authorized for FY 1988 for procurement of ammunition for the Army to amounts authorized for operation and maintenance of the Army; and (2) transfer a specified amount from the National Defense Stockpile Transaction Fund to the Defense Stock Fund. Reduces the amount required to be obligated from the National Defense Stockpile Transaction Fund by the National Defense Authorization Act for Fiscal Years 1990 and 1991 by the amount transferred by this Act. Makes funds authorized to be appropriated by this title available only for DOD obligations incurred during FY 1990. Title II: Military Personnel Benefits - Authorizes the President to permit letter mail or sound- or video-recorded communications having the character of personal correspondence to be carried to a U.S. location, at no cost, if mailed by a member of the armed forces serving overseas under arduous conditions pursuant to Operation Desert Shield. Permits the Secretary of Defense to allow such members to: (1) make deposits of unallotted current pay and allowances and to earn interest; and (2) be paid imminent danger pay. Makes a specified provision limiting payments for unused accrued leave to 60 days of leave inapplicable to leave accrued by certain retired or reserve members of the armed forces serving on active duty in connection with Operation Desert Shield. Permits members of the armed forces who would lose any accumulated leave in excess of 60 days at the end of FY 1991 and 1992 to retain such leave until the end of the following fiscal year. Prohibits the accumulation of leave in excess of 90 days. Directs the Secretary to report to specified congressional committees on various options for reforming the basic allowance for subsistence entitlement. Title III: Defense Management Initiatives - Permits the Secretary to authorize the use of simplified small purchase procedures to make purchases or award contracts outside the United States in amounts up to $100,000 as necessary to carry out activities in connection with Operation Desert Shield. Prohibits the division of a proposed purchase or contract into several purchases or contracts for lesser amounts. Authorizes the Secretary to accept contributions for DOD activities from any person, foreign government, or international organization. Establishes a Defense Cooperation Account and provides for the deposit of such contributions in such Account. Sets forth provisions governing the use of contributions of property and reporting and auditing requirements. Repeals a specified Act regarding the acceptance of gifts for defense purposes. Limits the amount to be made available from the Account for FY 1991 for activities in connection with Operation Desert Shield and for other DOD activities. Provides that amounts made available for Operation Desert Shield may be used only for military personnel, operation and maintenance, working capital funds, and procurement. Authorizes the Secretary to accept real property, services, and supplies from foreign countries in connection with mutual defense agreements and occupational arrangements. Sets forth reporting and auditing requirements.
United States · United States Congress · 28 September 1990
Export Company Incentive Act of 1990 - Amends the Internal Revenue Code to exempt export trade corporations and foreign sales corporations from passive foreign investment company rules. Repeals rules governing the taxation of export trade corporations for income earned outside the United States. Provides for treating actual distributions made by such corporations in taxable years after December 31, 1984, as previously taxed income. Allows such corporations to elect to be treated as foreign sales corporations after December 31, 1990.
United States · United States Congress · 27 September 1990
Petroleum Producers Burden Sharing Act of 1990 - Amends the Internal Revenue Code to reinstate the windfall profit tax on domestic crude oil. Terminates such tax: (1) after the expiration of the first four calendar quarters beginning after the date of enactment of this section; or (2) after the expiration of the first six such calendar quarters, if the President determines that a continuing energy price crises exists. Establishes the Low Income Energy Support Trust Fund to fund the grant program under the Low-Income Home Energy Assistance Act of 1981 and the weatherization program under the Energy Conservation in Existing Buildings Act of 1976. Transfers to such Fund 33 percent of the taxes received from the windfall profit tax on domestic crude oil.
United States · United States Congress · 27 September 1990
Amends the Internal Revenue Code to provide that the requirement to notify any person of a levy upon his or her salary or wages or other property with respect to any unpaid tax applies whether or not such person is liable for such tax.
United States · United States Congress · 26 September 1990
Repeals estate tax provisions of the Internal Revenue Code regarding inclusion in the gross estate of the value of certain types of transfers with a retained life estate. Applies the repeal retroactively in connection with property transferred after December 17, 1987. Establishes special valuation rules for determining whether a transfer of an interest in a corporation or partnership to a member of the transferor's family is a gift. Provides for determining the valuation of any retained rights, interests, and distribution rights. Provides for determining the value of cumulative but unpaid distributions by corporations or partnerships. Provides that a gift tax statute of limitations does not close for a gift determined after applying the special valuation rule, if such gift was not disclosed on a gift tax return. Sets forth special rules for valuing any interest for life or a term of years in property involving family members. Provides for determining the value of property for transfer tax purposes under certain buy-sell agreements. Requires the Secretary of the Treasury to study and report to specified congressional committees on: (1) the prevalance and type of options and agreements used to distort the value of property for such purposes.
United States · United States Congress · 26 September 1990
Cancer Screening Incentive Act of 1990 - Amends the Internal Revenue Code to allow a refundable tax credit for expenditures (not paid by insurance or otherwise) incurred by the taxpayer for qualified cancer screening tests.
United States · United States Congress · 26 September 1990
Amends the Internal Revenue Code with respect to the estate tax, to exclude from the gross estate the value of land subject to a qualified conservation easement. Provides that this exclusion applies only to land that is located within 50 miles of a metropolitan statistical area. Defers the reduction in estate tax rates from 1993 until 1998.
United States · United States Congress · 25 September 1990
Amends the Internal Revenue Code to impose an annual excise tax of $1,000 on cigarette vending machines. Establishes penalties for failure to pay such tax. Establishes the Reduced Tobacco Use Program Trust Fund and appropriates to the Fund amounts received from such excise tax. Makes amounts in the Fund available only to the Centers for Disease Control to carry out goals and objectives directed toward reducing the incidence and prevalence of smoking-induced diseases and specifically to carry out the goals and objectives of the Healthy People 2000 Report prepared by the Public Health Service.
United States · United States Congress · 25 September 1990
Prohibits a Member of Congress from receiving pay for any service performed in such Office in any period during which a sequestration order issued for FY 1991 under the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) is in effect.
United States · United States Congress · 25 September 1990
Amends the Tax Reform Act to extend from January 1, 1991, to January 1, 1995, the period during which certain urban renovation projects must be placed in service to qualify for depreciation transition relief. Extends from December 31, 1990, until December 31, 1994, the period for issuing tax-exempt bonds for certain redevelopment projects or certain parking facilities.
United States · United States Congress · 25 September 1990
Applies the Tax Reform Act of 1986 to extend from January 1, 1991, to January 1, 1995, the period during which certain urban renovation projects must be placed in service to qualify for depreciation transition relief. Sets forth qualifications for such property regarding Federal approval and funding. Extends from December 31, 1990, until December 31, 1994, the period for issuing tax-exempt bonds for certain redevelopment projects or certain parking facilities.
United States · United States Congress · 25 September 1990
Amends the Internal Revenue Code to impose an annual excise tax of $1,000 on cigarette vending machines. Establishes penalties for failure to pay such tax.
United States · United States Congress · 25 September 1990
Title I: Continuing Appropriations - Makes continuing appropriations for FY 1991 for projects or activities provided for in the following Acts: (1) the Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 1991; (2) the District of Columbia Appropriations Act, 1991; (3) the Energy and Water Development Appropriations Act, 1991; (4) the Foreign Operations, Export Financing, and Related Programs Appropriations Act, 1991; (5) the Departments of Labor, Health and Human Services, and Education, and Related Agencies Appropriations Act, 1991; (6) the Military Construction Appropriations Act, 1991; (7) the Rural Development, Agriculture, and Related Agencies Appropriations Act, 1991; (8) the Department of Transportation and Related Agencies Appropriations Act, 1991; (9) the Treasury, Postal Service, and General Government Appropriations Act, 1991; and (10) the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1991. Provides for the continuation of projects or activities when the House of Representatives and the Senate differ in amounts or authority. Makes appropriations as necessary for: (1) projects or activities under the Department of the Interior and Related Agencies Appropriations Act, 1990; (2) projects or activities under the Legislative Branch Appropriations Act, 1990; (3) projects or activities under the Department of Defense Appropriations Act, 1990; and (4) the Aerostat Program of the U.S. Customs Service. Prohibits the use of funds appropriated under the Defense Appropriations Act, 1990 for: (1) new production of items not funded in FY 1990 or prior fiscal years; (2) the increase in production rates above those sustained with FY 1990 funds; (3) other specified activities not funded or authorized during FY 1990 (except for activities related to Operation Desert Shield); (4) the initiation of multi-year procurements utilizing advance procurement funding for economic order quantity procurement unless specifically appropriated later; and (5) procurement and research, development, test, and evaluation in excess of the current rate or the estimate for FY 1991, whichever is lower, except for activities related to Operation Desert Shield. Prohibits the use of appropriated funds to initiate or resume any activity for which funds were not available during FY 1990. Makes funds available under this Act until the earliest of: (1) October 20, 1990; (2) enactment of an appropriation for any project or activity provided for in this Act; or (3) enactment of the applicable appropriations without any provision for such project or activity. Suspends any order on sequestration for FY 1991. Makes certain prohibitions of the Foreign Operations, Export Financing, and Related Programs Appropriations Act, 1990 inapplicable with respect to assistance to Egypt. Requires the Secretary of Health and Human Services, for purposes of determining the amount of Medicare payments made to a hospital for the costs of inpatient hospital services for discharges occurring between October 1 and October 20, 1990, to apply the area wage index applicable to such hospital as of September 30, 1990. Amends the Social Security Act to extend the period through which certain discharges occur to October 20, 1990, for purposes of calculating inpatient hospital service payments on the basis of prospective rates. Title II: Supplemental Appropriations for Operation Desert Shield - Makes supplemental appropriations for FY 1990 for specified branches of the armed forces for: (1) military and reserve personnel; (2) operation and maintenance; (3) other procurement; (4) research, development, test, and evaluation; and (5) the Defense Stock Fund. Authorizes the Secretary of Defense to accept gifts for use by the Department of Defense to finance operations in and around the Arabian Peninsula relating to Operation Desert Shield. Provides for the deposit of any proceeds from such gifts in the National Defense Gift Fund. Permits the President, when exercising the authority to order the Selected Reserve to active duty, to extend the period of such order an additional 180 days (currently, 90 days) in the case of operations in and around the Arabian Peninsula and Operation Desert Shield. Makes supplemental appropriations for the United States Emergency Refugee and Migration Assistance Fund.
United States · United States Congress · 25 September 1990
Sets forth the rule for the consideration of H.J. Res. 655 (continuing and supplemental appropriations).
United States · United States Congress · 24 September 1990
Applies the Tax Reform Act of 1986 to extend from January 1, 1991, to January 1, 1995, the period during which certain urban renovation projects must be placed in service to qualify for depreciation transition relief. Sets forth qualifications for such property regarding Federal approval and funding. Extends from December 31, 1990, until December 31, 1994, the period for issuing tax-exempt bonds for certain redevelopment projects or certain parking facilities.
United States · United States Congress · 24 September 1990
Amends the Tax Reform Act to extend from January 1, 1991, to January 1, 1995, the period during which certain urban renovation projects must be placed in service to qualify for depreciation transition relief. Extends from December 31, 1990, until December 31, 1994, the period for issuing tax-exempt bonds for certain redevelopment projects or certain parking facilities.
United States · United States Congress · 24 September 1990
Amends the Internal Revenue Code to extend the tax exemption for qualified small issue industrial bonds (bonds issued to finance manufacturing facilities and farm property) through 1991.
United States · United States Congress · 21 September 1990
Charity Care and Hospital Tax-Exempt Status Reform Act of 1990 - Amends the Internal Revenue Code to declare that an otherwise tax-exempt organization which operates a hospital shall not be exempt from tax unless the hospital: (1) has an open-door policy toward Medicare and Medicaid patients and serves in a nondiscriminatory manner a reasonable number of such patients; and (2) provides in a nondiscriminatory manner sufficient qualified charity care and sufficient qualified community benefits. Provides for determining the standards of such service. Sets forth special reporting requirements for such organizations. Provides for rewarding hospitals which consistently meet charitable requirements. Establishes an excise tax for hospitals which fail to meet such requirements. Amends the Social Security Act to provide for the use of such excise tax payments under the Medicaid program. Amends the Internal Revenue Code to require a hospital organization applying for tax-exempt status to include a statement from the appropriate State official on the hospital's compliance under this Act.
United States · United States Congress · 19 September 1990
Amends the Internal Revenue Code to prohibit a loss from being recognized by a corporation from the transfer of any debt pool in exchange for consideration part or all of which consists of a substantially identical debt pool. Provides formulae for determining: (1) the amount disallowed if the taxpayer received property other than a substantially identical debt pool; and (2) the basis of any such debt pool received in an exchange. Requires that the taxable income of mutual savings and other such banks be reduced by net operating loss carrybacks for purposes of calculating the bad debt reserve deduction under the percentage of taxable income method.
United States · United States Congress · 19 September 1990
Amends the Internal Revenue Code to reinstate the windfall profit tax on domestic crude oil.