Terrorist Response Tax Exemption Act
United States · United States Congress · 6 December 2001
HR3137
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101 records in US in 2001
United States · United States Congress · 6 December 2001
HR3137
United States · United States Congress · 6 December 2001
Keeping the Social Security Promise Initiative - Expresses the sense of the Congress that: (1) the President's Commission to Strengthen Social Security should present in its recommendations innovative ways to protect the immense financial commitment of every American worker into the Social Security system without lowering benefits or increasing taxes; and (2) the President and the Congress should join to develop legislation to strengthen Social Security as soon as possible, which should recognize the obstacles women face in securing financial stability at retirement or in cases of disability or death, the unique needs of minorities and the role Social Security plays in preventing poverty and providing financial security, and guarantee current law promised benefits without increasing taxes.
United States · United States Congress · 5 December 2001
Recruiting, Retention, and Reservist Promotion Act - Includes hazardous duty pay and diving duty special pay received for at least 60 months as qualifying pay in the computation of military retired pay. Directs the Comptroller General to study the possibility of tax credits or small business loan incentives for businesses that employ National Guard and reserve personnel. Directs the Secretary of Defense to report to Congress on an assessment of the feasibility and desirability of expanding the Junior Reserve Officers' Training Corps program of each of the military departments, the Civil Air Patrol, the Naval Sea Cadet Corps, and the Young Marines of the Marine Corps League.
United States · United States Congress · 5 December 2001
Extends the tax benefits available under the Internal Revenue Code for services performed in a combat zone to duty performed by a member of the U.S. armed forces in the Republic of Korea from July 1 to December 31, 2000, during which such member was entitled to hardship duty pay.
United States · United States Congress · 5 December 2001
Extends the law making continuing appropriations for FY 2002 through December 15, 2001.
United States · United States Congress · 5 December 2001
Waives points of order against the consideration of the conference report on H.R. 2944 (FY 2002 District of Columbia appropriations).
United States · United States Congress · 4 December 2001
Robert Stevens, Thomas Morris Jr., Joseph Curseen, Kathy Nguyen, Ottilie Lundgren, and Lisa J. Raines Biological and Chemical Weapons Research Act - Requires the Director of the Office of Homeland Security to publish and annually revise a list of biological and chemical agents and toxins that may be used as weapons of mass destruction. Sets forth the criteria for inclusion on such list, including the degree of risk presented and the likelihood of countermeasure development. Makes entities engaged in countermeasure research eligible for tax incentives, participation in the Bioterrorism Countermeasures Purchase Fund, and patent extension and liability protections, as specified. Sets forth the tax incentives which include limited partnerships, total exclusion for gain from stock, and special countermeasure research credits. Provides for the establishment of the Bioterrorism Countermeasures Purchase Fund to purchase countermeasures. Provides for such countermeasures' distribution by the Director of the Centers for Disease Control and Prevention. Provides for the election of extended patent protection for eligible countermeasures, as specified. Amends the Public Health Service Act to indemnify and defend persons and entities engaged in the research, production, or use of countermeasures. Authorizes the Director of the National Institutes of Health to award grants and contracts for the construction of certain biosafety research facilities. Authorizes the Director to award partnership challenge grants to promote joint ventures between the public and private sectors for the development of countermeasures and research tools.
United States · United States Congress · 4 December 2001
Rural Safety Act of 2001 - Amends the Omnibus Crime Control and Safe Streets Act of 1968 (Safe Streets Act) to: (1) authorize the Attorney General to make grants to rural local and tribal governments for the retention for one additional year of police officers funded through the cops on the beat (or COPS) Program; and (2) authorize the use of COPS grants on an matching funds basis to assist in improving police communications, and in developing and improving access to crime-solving technologies. Directs the Office of Justice Programs of the Department of Justice to make grants to: (1) establish or improve 911 service in those communities; and (2) establish restorative justice programs for juveniles, such as victim/offender mediation and family and community conferences.. Amends the Public Health Service Act to require the Secretary of Health and Human Services, acting through the Director of the Center for Substance Abuse Treatment, to make grants to establish in rural areas substance abuse (particularly methamphetamine) prevention and treatment pilot programs and methamphetamine prevention education programs. Directs the Attorney General to provide for the cleanup of methamphetamine laboratories and related hazardous waste, and for the improvement of contract-related response time by providing additional contract personnel, equipment, and facilities, in rural areas. Establishes a Rural Policing Institute as part of the Small Town and Rural Training Program. Secure Storage of Firearms Act of 2001 - Amends the Omnibus Crime Control and Safe Streets Act of 1968 to authorize the Director of the Bureau of Justice Assistance to carry out a five-year demonstration program to make grants to assist qualified law enforcement officers in the acquisition and installation of gun safes or gun storage racks in their residences. Amends the Internal Revenue Code to provide a tax credit for certain gun safe or storage rack acquisition expenses.
United States · United States Congress · 4 December 2001
New York Recovery From Terrorism Act of 2001 - Amends the Internal Revenue Code to provide a wage credit of up to $6,000 to employers for employees working in the New York Recovery Zone (NYRZ) (Lower Manhattan) after September 10, 2001 and through 2004. Includes employees of business forced to relocate from such area as a result of the September 11, 2001, terrorist attacks. Increases the state cap to $12.5 billion for tax-exempt private purpose bonds for projects in New York City, earmarking the first $7 billion for the NYRZ. Creates a limited exception, allowing certain issuers of tax-exempt debt to advance refund existing debt. Includes the City of New York, the Port Authority of New York and New Jersey, the Metropolitan Transit Authority of the City of New York, the New York City Municipal Water Authority, and nonprofit New York City hospitals within such exception. Permits taxpayers who lost business property in the NYRZ as a result of the September 11, 2001, terrorist attacks to expense the remaining basis in such property, carried over to replacement property as the result of insurance payments where the replacement property is placed in service in New York City before 2007. Allows a one time $5,000 nonrefundable tax credit for residents in the NYRZ, subject to certain restrictions including gross income and length of subsequent residence.
United States · United States Congress · 4 December 2001
Consumer and Retail Sales Stimulus Act of 2001 - Directs the Secretary of the Treasury to reimburse States for the amount of State and local sales tax payable and not collected during the sales tax holiday period. Sets forth requirements and formulae for determining the amount and timing of reimbursement.
United States · United States Congress · 3 December 2001
Amends the Internal Revenue Code to suspend, for purposes of determining exclusion of gain from the sale of a principal residence, the five-year determination period for: (1) members of the uniformed services or the Foreign Service serving on qualified extended duty (at least 50 miles from such residence or residing in Government quarters); or (2) an employee serving for more than 90 days on assignment abroad.
United States · United States Congress · 30 November 2001
Patent and Trademark Office Authorization Act of 2002 - Authorizes appropriations to the U.S. Patent and Trademark Office for salaries and expenses for FY 2002 through 2007 in an amount equal to all patent and trademark fees estimated by the Secretary of Commerce to be collected in each such fiscal year. Requires the Under Secretary of Commerce for Intellectual Property and the Director of the Office (Director), by February 15 of each fiscal year, to report an estimate of all fees to be collected in the next fiscal year to the chairman and ranking member of specified congressional committees. Requires the Director to develop an electronic system for the filing and processing of patent and trademark applications that: (1) is user friendly; and (2) includes the necessary infrastructure to allow examiners and applicants to send all communications electronically, and to allow the Office to process, maintain, and search electronically the contents and history of each application. Requires the Director to develop and report to specified congressional committees on a five-year strategic plan to: (1) enhance patent and trademark quality; (2) reduce patent and trademark pendency; and (3) develop and implement an effective electronic system for use by the Office and the public for all aspects of the patent and trademark processes, including searching, examining, communicating, publishing, and making publicly available, patents and trademark registrations. Amends Federal patent law to provide that previous citation by or to, or consideration by the Office of, a patent or printed publication does not preclude the existence of a substantial new question of patentability in patent reexamination proceedings. Amends Federal patent law with respect to appeals in inter partes reexamination proceedings to allow a third-party requester to: (1) appeal to the U.S. Court of Appeals for the Federal Circuit, with respect to any final decision favorable to the patentability of any original or proposed amended or new claim of the patent; and (2) be a party to any appeal taken by the patent owner, subject to the estoppel to assert at a later time in any civil action the invalidity of any claim finally determined to be valid and patentable on any ground which he or she raised or could have raised during such proceeding. Allows a third-party requester to appeal a decision of the Board of Patent Appeals and Interferences. Provides that a third-party requester in an inter partes reexamination proceeding dissatisfied with the final decision in an appeal to the Board may appeal the decision only to the U.S. Court of Appeals for the Federal Circuit.
United States · United States Congress · 29 November 2001
National Terrorism Reinsurance Fund Act - Directs the Secretary of Commerce to establish: (1) a reinsurance program for participating insurers for losses due to acts of terrorism; (2) a National Terrorism Reinsurance Fund (including minimum underwriting standards for participating insurers); and (3) a special committee to monitor terrorism insurance rates. Prescribes guidelines under which the Fund shall provide reinsurance for losses resulting from acts of terrorism covered by reinsurance contracts between the Fund and participating insurers. Requires the Secretary to determine if a loss is attributable to terrorism. Mandates: (1) coverage by property and casualty insurers for acts of terrorism; and (2) State credit for reinsurance obtained by an insurer from the Fund. Exempts the Fund from State, Federal and local taxes; and State laws pertaining to the insurance industry (other than State unfair trade practice laws).
United States · United States Congress · 29 November 2001
Amends the Internal Revenue Code to provide that certain bonds issued by local governments in connection with delinquent real property taxes (delinquent tax bonds) may be treated as tax exempt. Requires: (1) such a bond to be issued (with a three-month maturity date) primarily to facilitate the collection or receipt of delinquent real property taxes levied for school districts that provide education primarily below the post-secondary level; and (2) that all delinquent real property taxes (and interest, fees, and penalties attributable to them) received by such governmental units after a specified date but before any maturity date are used, within three months of receipt, for the payment of principal, interest, or redemption price of the issue of which the bond is a part (to the extent that such taxes, interest, fees, and penalties do not exceed such principal, interest, and redemption price, in the aggregate).
United States · United States Congress · 29 November 2001
Consumer Travel Tax Credit Holiday Act of 2001 - Amends the Internal Revenue Code to allow an individual a credit for qualified travel expenses incurred from December 7, 2001 through December 16, 2001. Restricts such expenses to travel and lodging costs in connection with trips to Alaska, Delaware, Montana, New Hampshire, or Oregon (non-sales tax States).
United States · United States Congress · 29 November 2001
New York Liberty Zone Tax Relief Act of 2001 - Amends the Internal Revenue Code to provide specified temporary tax benefits for the New York Liberty Zone (NYLZ) (September 11, 2001-damaged area). Allows through 2006: (1) additional depreciation (30 percent) as specified for qualified property acquired after September 10, 2001; and (2) a five-year recovery period for depreciation of certain qualified leasehold improvement property (interior of nonresidential real property), as specified. Increases the aggregate dollar limitation for the expensing of certain depreciable business assets (section 179), as specified. Treats qualified New York Liberty Bonds as tax-exempt facility bonds, subject to a maximum aggregate amount, as specified. Extends the replacement period for nonrecognition of gain from two to five years for certain property involuntarily converted as a result of the terrorist attacks in the NYLZ.
United States · United States Congress · 29 November 2001
Waives points of order against the consideration of the conference report on H.R. 2299 (FY 2002 Department of Transportation and related agencies appropriations).
United States · United States Congress · 28 November 2001
Amends the Internal Revenue Code to allow for the expansion of areas designated as renewal communities based upon 2000 census population and poverty rate data.
United States · United States Congress · 28 November 2001
Amends the Internal Revenue Code to permit penalty-free withdrawals from individual retirement plans (IRA's) before September 12, 2002, for individuals significantly affected by the terrorist attacks of September 11, 2002, including those who: (1) received unemployment compensation for 12 consecutive weeks; (2) are a ten percent owner of a small business concern that has since suffered a significant negative economic impact; or (3) had a spouse or dependent die as a result of such attacks.
United States · United States Congress · 28 November 2001
Amends the Internal Revenue Code to state that employee benefit plans maintained by cooperative employing units shall be treated as single employer plans.
United States · United States Congress · 28 November 2001
Trade Adjustment Assistance for Workers, Farmers, Communities, and Firms Act of 2001 - Amends the Trade Act of 1974 to revise requirements for trade adjustment assistance for adversely affected workers. Amends the Internal Revenue Code to allow an eligible individual a refundable income tax credit equal to 50 percent of the amount paid as continuation health coverage premiums Authorizes appropriations for trade adjustment assistance for firms. Provides for trade adjustment assistance for communities. Establishes an Office of Community Economic Adjustment in the Office of the Secretary of Commerce. Requires eligible communities to establish a Community Economic Development Coordinating Committee as a condition for receiving assistance. Provides for trade adjustment assistance for farmers.
United States · United States Congress · 27 November 2001
Amends the Internal Revenue Code to require any person which is an eligible educational institution (current law requires any person which is an eligible educational institution which receives payments for qualified tuition and related expenses with respect to any individual for any calendar year or which makes reimbursements or refunds to any individual of qualified tuition and related expenses) which enrolls any individual for any academic period to meet specified return requirements. Revises requirements concerning the form and manner of such returns.
United States · United States Congress · 27 November 2001
Amends the Internal Revenue Code to include within the credit allowed for producing fuel from a nonconventional source solid synthetic fuels produced from coal and coal waste sludge.
United States · United States Congress · 27 November 2001
Sets forth the rule (open) for the consideration of H.R. 3338 (FY 2002 Department of Defense appropriations).
United States · United States Congress · 19 November 2001
Emergency Relief and Recovery Supplemental Appropriations Act for Fiscal Year 2002 - Makes additional supplemental appropriations for FY 2002, and provides for other types of emergency relief and recovery from the September 11, 2001, terrorist attacks on the United States. Makes such appropriations to the Department of Labor 's Employment and Training Administration (ETA) for temporary emergency assistance to the State of New York (NYS) for a special fund for unemployment compensation. Establishes an emergency program of health insurance premium assistance for COBRA continuation coverage for certain individuals impacted by the terrorist attacks. Permits a State to elect to provide temporary Medicaid coverage (under title XIX of the Social Security Act) for certain uninsured individuals impacted by the terrorist attacks. Makes additional emergency supplemental appropriations for FY 2002, with respect to claims and activities in response to the attacks, to: (1) the Department of Labor for ETA training and employment services and for State Unemployment Security Office for certain payments to the NYS Workers Compensation Review Board and the NYS Uninsured Employers Fund; (2) the Department of Health and Human Services for the Health Resources and Services Administration to reimburse local area hospitals for unreimbursed care provided in response to, and damage caused by, the attacks, and for the National Institute of Environmental Health Sciences; (3) the Department of Commerce for emergency grants for public telecommunications facilities, planning, and construction by the National Telecommunications and Information Administration; (4) the Department of Housing and Urban Development for the Community Development Fund, with a portion for a program to aid the tourism and travel industry in New York City (NYC); and (5) the Federal Emergency Management Agency (FEMA) for disaster relief, including recovery activities and assistance in NYC and NYS, Northern Virginia, and Pennsylvania, with portions for the Office of World Trace Center Attack Claims and for the NYC Board of Education. World Trade Center Attack Claims Act - Establishes within the Federal Emergency Management Agency (FEMA) the Office of World Trade Center Attack Claims. Entitles to Federal compensation individuals and entities which suffered injury as a result of the attack on the World Trade Center on September 11, 2001, and who reside or maintain a place of business in the area south of Canal Street in Manhattan. Limits claim payments to up to $500,000 for the amount necessary to compensate for injuries (including residential and business losses) suffered during the 18-month period following the attack. Authorizes reimbursement of: (1) public utilities regulated by the New York Public Service Commission; and (2) not-for-profit exchanges and boards of trade regulated by the Securities and Exchange Commission or the Commodity Futures Trading Commission.
United States · United States Congress · 16 November 2001
Arrow Excise Tax Simplification Act of 2001 - Amends the Internal Revenue Code to revise the excise tax provisions on bows, arrows, and other archery equipment.
United States · United States Congress · 16 November 2001
Amends the Internal Revenue Code to provide for a payroll tax holiday period after November 30, 2001, and ending before January 1, 2001.
United States · United States Congress · 16 November 2001
Victims of Anthrax Tax Relief Act of 2001 - Amends the Internal Revenue Code to modify the tax treatment of any individual who died as a result of the anthrax attacks on or after September 11, 2001, and before January 1, 2002 with regard to income, employment, and estate taxes. Treats as exempt payments made by charitable organizations by reason of such deaths. Excludes from gross income amounts from the discharge of indebtedness as a result of such deaths.
United States · United States Congress · 16 November 2001
Amends the Internal Revenue Code to extend for a limited time the credit for producing fuel from non-conventional sources to facilities that produce qualified fuels using technologies that result in qualified emission reduction and a qualified enhanced value, but only if such facilities produce enhanced value fuels from coal.
United States · United States Congress · 16 November 2001
Social Security Stabilization and Enhancement Act of 2001 - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act (SSA) with regard to: (1) investment of the Social Security trust funds, making use of a Government Securities Investment Fund, a Fixed Income Investment Fund, and a Common Stock Index Investment Fund; (2) rules governing investment of the Federal Old-Age and Survivors Insurance Trust Fund in common stock; (3) establishment in the Social Security Administration of an Independent Social Security Investment Oversight Board to establish policies for the investment in such funds; (4) repeal of the limitation on the Social Security wage base for FICA (Federal Insurance Contributions Act) and SECA (Self-Employment Contributions Act of 1954) taxes; (5) a graduated increase in OASDI benefits for individuals attaining age 85; and (6) disregard of years of low earnings while providing child care for purposes of determining the number of an individual's benefit computation years used in determining such individual's primary insurance amount. Amends the Internal Revenue Code to establish a basic exemption from Social Security taxes of $4,000, adjusted annually for inflation, for wages and a related amount, determined according to a specified formula, for self-employment income. Provides for a reduction in the number of elapsed years in determining the number of computation years with respect to an individual's primary insurance amount.
United States · United States Congress · 16 November 2001
Medicare Drug Cost Savings Act of 2001 - Amends title XVIII (Medicare) of the Social Security Act to provide Medicare coverage of self-administered drugs used as a replacement for certain covered drugs. Prohibits a carrier or fiscal intermediary from requiring the substitution of a self-administered drug for an intravenously-administered drug or drug therapy if, in the judgment of the physician of the individual diagnosed with a condition for which the drug or drug therapy has been prescribed, intravenous-administration of the drug or drug therapy is more appropriate or effective to treat the individual's condition.
United States · United States Congress · 16 November 2001
Amends the Internal Revenue Code to include associated development costs in the basis of any building which is part of a low-income housing project when calculating the low-income housing credit.
United States · United States Congress · 16 November 2001
Amends the Internal Revenue Code to tax lifetime annuity payouts and similar payments of life insurance proceeds at dates later than death at capital gains rates. Excludes amounts received under an eligible deferred compensation plan or under a qualified retirement plan. Includes such gains in the calculation of the maximum rate of tax on net capital gains of noncorporate taxpayers when computing the alternative minimum tax.
United States · United States Congress · 16 November 2001
RAFT (Restore Access to Foreign Trade) Act - Amends the Internal Revenue Code to eliminate foreign base company shipping income from inclusion as foreign base company income. Revises the definition of "shipping income" with respect to the application of the foreign tax credit.
United States · United States Congress · 15 November 2001
Amends the Internal Revenue Code to make revisions concerning the treatment of tip income for specified services, including treating a limited amount of tips as property transferred by gift.
United States · United States Congress · 15 November 2001
Amends the Internal Revenue Code to establish, for a limited time period, deductions and credits for commercial and residential properties using specified energy efficient construction or reconstruction approaches (component or performance-based). Sets forth provisions concerning allocation of deductions for public property. Requires the Secretary of the Treasury to establish specified certification and compliance procedures.
United States · United States Congress · 15 November 2001
Provides that with respect to the use of the emergency fund authorized under Federal highway provisions to pay the costs of projects in response to the attack on the World Trade Center in New York City on September 11, 2001, notwithstanding otherwise applicable limitations: (1) the Federal cost share of each such project shall be 100 percent; and (2) the Secretary of Transportation may obligate more than $100 million in any one fiscal year and more than $100 million for those projects.
United States · United States Congress · 15 November 2001
Sales Tax Holiday Act of 2001 - Directs the Secretary of the Treasury to reimburse each State for the amount of State and local sales tax payable and not collected during the sales tax holiday period, as specified.
United States · United States Congress · 15 November 2001
Extends the law making continuing appropriations for FY 2002 through December 7, 2001. Provides that funds shall be available and obligations for mandatory payments due on or about December 1, 2001, may continue to be made.
United States · United States Congress · 14 November 2001
Russian Fissile Materials Disposition Loan Guarantee Act of 2001 - Authorizes the Secretary of Energy, with the President's approval, to guarantee loans (principal and up to three percent per year on interest) made to the Government of the Russian Federation for: (1) retirement of the sovereign debt of the Russian Federation; and (2) nuclear nonproliferation programs and activities. Sets forth certain guaranteed loan requirements. Mandates allocation of certain funds each fiscal year to cover the expenses of the International Atomic Energy Agency in implementing and maintaining safeguards at a Russian facility on specified metric tons of weapons-usable plutonium and highly enriched uranium.
United States · United States Congress · 13 November 2001
Affordable Small Business Stimulus Act of 2001 - Amends the Internal Revenue Code with respect to the expensing of depreciable business assets (section 179) to increase maximum annual amounts and the phase-out threshold (eliminating the current phase-in of annual increases). Increases the exclusion percentage when calculating the exclusion of gain on qualified small business stock, including critical technology and specialized small business investment company stock. Increases the period in which purchased replacement stock will qualify for rollover status. Reduces the recovery period for depreciation of computers, peripheral equipment, and software. Permits self-employed individuals to deduct all of their health insurance costs. Permits the disclosure of Federal taxpayer identity information and signatures to State entities to carry out an approved combined employment tax reporting program. States that income averaging for farmers and fisherman will not increase their alternative minimum tax liability. Excludes from acquisition indebtedness certain indebtedness incurred by a small business investment company licensed under the Small Business Investment Act of 1958.
United States · United States Congress · 13 November 2001
Military Homeowners Equity Act - Amends the Internal Revenue Code to state that members of the Uniformed or Foreign Services on qualified official extended duty shall be considered to be using already owned and used property as a principal residence for purposes of determining exclusion of gain upon such residence's sale.
United States · United States Congress · 13 November 2001
Travel Stimulus Act of 2001 - Amends the Internal Revenue Code to temporarily allow a deduction for personal travel expenses, without regard to whether a taxpayer itemizes other deductions.
United States · United States Congress · 13 November 2001
Waives points of order against the consideration of the conference report on H.R. 2500 (FY 2002 Departments of Commerce, Justice, and State, the Judiciary, and related agencies appropriations).
United States · United States Congress · 9 November 2001
Comprehensive Energy Conservation Act for the 21st Century - Amends the Low-Income Home Energy Assistance Act of 1981, the Energy Conservation and Production Act, and the Energy Policy and Conservation Act to provide increased funding for the Low Income Home Energy Assistance Program, weatherization assistance, and State energy grants, respectively. Increases funding for the Energy Star program. Raises average fuel economy standards for passenger automobiles and light trucks. Amends the Public Utility Regulatory Policies Act of 1978 to set forth a Federal renewable portfolio standard that requires every retail electric supplier to submit Renewable Energy Credits to the Secretary of Energy according to prescribed annual percentages of the total electric energy sold by the supplier to electric consumers during the calendar year. Amends Federal transportation law to mandate: (1) certain tire rating standards; and (2) a national tire fuel efficiency program. Amends the Internal Revenue Code of 1986 to allow credits against the income tax for specified percentages of: (1) purchases of Energy Star products; and (2) the purchase of fuel-efficient American-made passenger vehicles. Imposes an excise tax upon the windfall profit on sale of any electricity, fuel oil, natural gas, coal, or other taxable product. Establishes the Windfall Profits Fund as the depository for such tax. Establishes the Reasonable Profits Board to make profit determinations relating to windfall profit on the sale of electricity, fuel oil, natural gas, coal, and products thereof.
United States · United States Congress · 8 November 2001
Amends the Internal Revenue Code to allow Coverdell education savings accounts to be used for homeschooling expenses.
United States · United States Congress · 8 November 2001
Nuclear Energy Electricity Supply Assurance Act of 2001 - Price-Anderson Amendments Act of 2001 - Amends the Atomic Energy Act of 1954 to extend the indemnification authority of the Nuclear Regulatory Commission (NRC) regarding licensees and nonprofit educational institutions. Makes such authority permanent with respect to Department of Energy (DOE) contractors. Revises guidelines governing: (1) licensee insurance premiums; and (2) liability and indemnification limits. Limits any civil penalty for a tax-exempt nonprofit contractor, subcontractor, or supplier to the amount of the performance fee paid by the Secretary. Amends the Department of Energy Organization Act to add two Assistant Secretaries of Energy to serve, respectively, as Director of: (1) the Office of Science; and (2) the Office of Nuclear Energy, Science, and Technology. Instructs the Secretary of Energy to establish or continue certain programs including: (1) specified nuclear energy research and technology programs; (2) investments to increase electricity capacity at commercial nuclear plants; (3) continued domestic capability for uranium mining, conversion, and enrichment industries; and (4) university nuclear engineering education research and infrastructure. Amends the USEC Privatization Act to prohibit the Secretary from selling surplus natural uranium and conversion services through 2006. Requires the sale of uranium hexaflouride. Authorizes the Secretary to place the Portsmouth gaseous diffusion plant into cold standby condition for a five-year period. Mandates a program to: (1) demonstrate the NRC Early Site Permit process; (2) evaluate opportunities for completion of partially constructed nuclear plants; (3) assess opportunities for Generation IV reactors; and (4) research potential licensing issues associated with new reactor technologies and designs. Declares electricity generated by a nuclear plant to be an environmentally preferable product. Conditions Federal funding for a domestic or international organization that supports electricity production facilities upon inclusion of emission-free electricity production facility projects that use nuclear fuel. Establishes the Office of Spent Nuclear Fuel Research to implement a research and development regarding treatment, recycling, and disposal of high-level nuclear radioactive waste and spent nuclear fuel. Directs the Secretary to: (1) conduct advanced fuel recycling technology research and development to promote electrometallurgical technology as a proliferation-resistant alternative to aqueous reprocessing; and (2) establish the Advanced Accelerator Applications Program. Amends the Atomic Energy Act of 1954 to: (1) revise certain commercial license requirements; (2) repeal restrictions pertaining to foreign ownership of commercial licensees; and (3) grant firearms and arrest authority to employees of NRC licensees.
United States · United States Congress · 8 November 2001
Merchant Marine Cost Parity Act of 2001 - Amends the Internal Revenue Code to create an alternative tax on qualifying shipping activities in U.S. foreign trade. Sets forth a formula for determining taxable income from such activities. Provides for the allocation of taxable income among all persons considered operators on the basis of their ownership and charter interests in a qualifying vessel. Sets forth the terms and conditions under which qualifying entities may make and revoke qualifying shipping tax elections, including the effects of temporarily ceasing to operate such a vessel or temporarily operating such a vessel in the U.S. domestic trade. Sets forth exclusions from gross income for electing entities. Allows a depreciation deduction for qualifying shipping assets for non-operating owners only. Disallows credits and deductions (including those for net operating loss) against tax imposed or income for electing corporations, as specified. Permits the sale and subsequent replacement of qualifying shipping assets without recognized gain, as specified. Treats certain income of merchant seaman as foreign earned income and therefore excludable from gross income. Makes qualified vessels eligible for a certificate of inspection, as specified. Authorizes crews and operators of such vessels to make superceding agreements concerning controlling liability and damages for a crew member's injury or death when such owner/operator has approved evidence of financial responsibility.
United States · United States Congress · 8 November 2001
Amends the Internal Revenue Code to expand the offset against overpayments of past-due legally enforceable tax obligations to local as well as State governments. Provides that offsets are not limited to residents of a State seeking the offset.
United States · United States Congress · 7 November 2001
Sales Tax Holiday Act of 2001 - Directs the Secretary of the Treasury to reimburse each State for the amount of State and local sales tax payable and not collected during the sales tax holiday period, as specified.