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101 records in US in 2014
United States · United States Congress · 20 November 2014
Medical Expense Deduction Act - Amends the Internal Revenue Code to reduce from 10% to 7.5% of adjusted gross income the threshold after which medical expenses are fully deductible.
United States · United States Congress · 20 November 2014
Guard and Military Reservist Pay Security Act - Amends the Internal Revenue Code, with respect to the tax credit for differential wage payments to active duty members of the Uniformed Services, to: (1) make such credit permanent; (2) increase the rate of such credit to 100%; (3) require an annual adjustment for inflation to credit amounts after 2015; and (4) make such credit available to all employers, not just small business employers.
United States · United States Congress · 20 November 2014
Do Not Disturb Act of 2014 - Directs the Federal Trade Commission (FTC) to expand the list of entities prohibited from making telephone calls to numbers on the FTC's "do-not-call" registry to include: (1) political committees that accept donations or contributions that do not comply with contribution limits or source prohibitions (commonly known as Super PACs), and (2) tax exempt non-profit social welfare organizations engaged in political activities. Requires the FTC to expand rules against abusive telemarking to prohibit: (1) computer-dialed telephone calls with prerecorded messages (robo-calls) to numbers on the registry, and (2) push-polling calls regarding a candidate for public office in which voters are asked certain questions about opposing candidates or are likely to construe the call as a survey for an independent organization. Provides exceptions to allow robo-calls for emergencies or with the consent of the called party.
United States · United States Congress · 20 November 2014
Amends the Internal Revenue Code to increase the Inland Waterways Trust Fund financing rate to 29 cents per gallon.
United States · United States Congress · 20 November 2014
Higher Education Affordability Act - Amends the Higher Education Act of 1965 (HEA) to revise and reauthorize HEA programs. Title I: General Provisions - Requires proprietary institutions of higher education, for student aid eligibility purposes, to derive at least 15% of their revenue from sources other than federal funds. Prohibits institutions of higher education (IHEs) that are affiliated with a consumer financial product or service from receiving HEA funds unless they take specified steps to avoid conflicts of interest. Prohibits IHEs or other postsecondary educational institutions from using revenues derived from federal educational assistance funds for recruiting or marketing activities. Requires the establishment of new college cost and assistance information resources for students, parents, and the public and the enhancement of existing resources. Prohibits a state from charging certain active duty military personnel and homeless and foster care youth tuition for attending a public institution of higher education at a rate that is greater than the rate charged for state residents. Directs the Secretary of Education to establish a complaint tracking system to collect, monitor, and respond to complaints or inquiries regarding the educational practices and services, and recruiting and marketing practices, of all postsecondary educational institutions. Establishes the Proprietary Education Oversight Coordination Committee to oversee proprietary IHEs and publish an annual Warning List for Parents and Students regarding certain issues facing such schools. Title II: Improving Educator Preparation - Revises title II of the HEA to establish a new part A program awarding grants to partnerships of high-need local educational agencies (LEAs), high-need schools, IHEs, and high-need early childhood education programs to design and implement effective educator residency programs that prepare educators for success in high-need schools. Establishes a new part B program awarding grants to states to reform and improve educator preparation programs. Establishes a new part C requiring educator preparation programs to set annual quantifiable goals for increasing the number of prospective educators trained in educator shortage areas designated by the Secretary or the applicable state. Requires states to identify and assist low-performing educator preparation programs. Cuts off federal funding for those programs that lose state support or funding due to low performance. Preserves the Honorable Augustus F. Hawkins Centers of Excellence program and the Teach to Reach grant program in a new part D. Title III: Institutional Aid - Revises and reauthorizes the Institutional Aid programs, under title III of the HEA, that provide grants to IHEs serving high percentages of minority and low-income students. Alters the authorized uses of the grant funds. Requires the Secretary and states to cover the costs that certain IHEs that are required to provide a tuition-free education to Indian students incur in providing such an education to out-of-state Indian students. Raises the principal limit on outstanding federally-insured bonds used to finance historically Black colleges and universities. Title IV: Student Assistance - Revises and reauthorizes Student Assistance programs under title IV of the HEA. Establishes a year-round Federal Pell Grant program to allow eligible students to accelerate the time needed to earn a degree. Establishes demonstration programs to: encourage IHEs to improve their performance in enrolling and graduating a significant number of low- and moderate-income students on time; explore the effectiveness of providing secondary school students with early notification of their postsecondary financial aid options and the cost of postsecondary education; explore the effectiveness of providing adult students with information regarding their postsecondary financial aid options and the cost of postsecondary education; and explore ways of delivering competency-based postsecondary education programs that assess student competencies rather than credit hours to potentially reduce the costs students incur, and the time they need, to attain a postsecondary degree. Establishes an American Dream grants program allotting grants to states to offer Dreamer students in-state tuition and expand their access to in-state financial aid. Provides loan forgiveness under the Federal Family Education Loan (FFEL) and William D. Ford Federal Direct Loan (DL) programs for certain Indian teachers employed by Indian schools or LEAs that serve a high percentage of Indian students. Reduces, from 75% to 50%, the federal share of Federal Supplemental Educational Opportunity grants and the federal share of the compensation provided to students employed in Federal Work-Study programs. Raises the required IHE contribution of funds for Federal Perkins Loans from one-third to one-half of the federal contributions. Increases the income protection allowances used in determining dependent and independent students' need for title IV assistance. Directs the Secretary to develop standard formats for: (1) notifying any borrower who is delinquent, or at risk of becoming delinquent, on an FFEL or DL of repayment options; (2) IHE financial aid award letters to students and parents. Requires the Secretary to publicize fiscal year FFEL and DL repayment and default rates for each IHE participating in a title IV program. Establishes a One-Time FAFSA (Free Application for Federal Student Aid) pilot program to: (1) streamline the process by which students apply for federal financial assistance, and (2) reduce the need for students to apply for such assistance each year. Allows students who have not graduated from secondary school to receive title IV assistance if they: (1) are enrolled in an eligible career pathway program, and (2) are determined or demonstrate the ability to benefit from the education or training being offered. Requires IHEs to provide students with: (1) information regarding their policy on harassment, and (2) additional and more frequent and personalized information regarding student assistance. Bans IHEs participating in title IV programs from: (1) providing incentive compensation to persons or entities based on their success in recruiting, enrolling, or educating students or placing them in employment; or (2) including a predispute arbitration agreement in any contract with a student. Authorizes the Secretary to impose civil penalties and sanctions on IHEs that engage in substantial misrepresentations or other serious violations of title IV requirements. Directs the Secretary to establish procedures to automatically enroll delinquent FFEL or DL borrowers who have a partial financial hardship into an income-based repayment plan. Requires each IHE that enrolls a student who receives title IV assistance to establish a system to disburse credit balances through electronic payments to a deposit account or a general use prepaid card with the protections afforded under the Electronic Fund Transfer Act. Requires IHEs to provide, and the Secretary to collect, specified student unit record data. Prohibits accreditors from requiring IHEs to enter into predispute arbitration agreements with their students. Requires them to publicly disclose their finalized accreditation documents relating to academic and institutional quality. Directs the Secretary to conduct program reviews of IHEs that pose a significant risk of failing to comply with title IV requirements. Establishes a State-Federal College Affordability Partnership program to award block grants to states to incentivize their investment in public higher education. Title V: Developing Institutions - Revises and reauthorizes the Developing Institutions grant program for Hispanic-serving IHEs under title V of the HEA. Alters the authorized uses of grant funds. Title VI: International Education Programs - Reauthorizes the International Education programs under title VI of the HEA. Title VII: Graduate and Postsecondary Improvement Programs - Reauthorizes the Graduate and Postsecondary Improvement programs under title VII of the HEA. Establishes: a First In The World Competitive Grant program to help IHEs implement innovative strategies designed to increase postsecondary education access, affordability, and completion; Dual Enrollment and Early College High School programs; a Minority-Serving Institutions Innovation Fund to assist minority-serving institutions in developing, implementing, and replicating innovations that enable economically and educationally disadvantaged students to enroll in, persist through, and graduate from their schools; and a program providing competitive grants to states to establish or implement a comprehensive state plan to increase students' access to, and completion of, postsecondary education. Title VIII: Additional Programs - Strikes the following parts of title VIII of the HEA: E (American History for Freedom), H (Improving College Enrollment by Secondary Schools), I (Early Childhood Education Professional Development and Career Task Force), K (Pilot Programs to Increase College Persistence and Success), M (Low Tuition), N (Cooperative Education), O (College Partnership Grants), R (Campus-Based Digital Theft Prevention), U (University Sustainability Programs), V (Modeling and Simulation Programs), X (School of Veterinary Medicine Competitive Grant Program), and Y (Early Federal Pell Grant Commitment Demonstration Program). Replaces the program under part C (Business Workforce Partnerships for Job Skills Training in High-Growth Occupations or Industries) with a Community College and Industry Partnerships program for the development, improvement, or provision of educational or career training programs. Reauthorizes the remaining title VIII programs. Establishes the Tyler Clementi Program to award competitive grants to IHEs to address and prevent student harassment. Title IX: Higher Education Opportunities and Supports for Students with Disabilities - Provides for the establishment and support of: (1) a National Technical Assistance Center for College Students With Disabilities and Their Families, (2) a National Technical Assistance Center for Disability Support Services at Institutions of Higher Education, (3) a National Data Center on Higher Education and Disability. Establishes a competitive grant program to enable IHEs to create or expand high quality, inclusive, higher education programs for students with intellectual disabilities. Requires the establishment of a coordinating center for such programs that provides them with information, technical assistance, and evaluations. Establishes a competitive grant program to enable IHEs to create or expand high quality, inclusive, model comprehensive transition and postsecondary programs for students who are deaf-blind. Requires the establishment of a coordinating center for such programs that provides them with information, technical assistance, and evaluations. Directs the Architectural and Transportation Barriers Compliance Board to establish, regularly review, and amend guidelines regarding the accessibility of all instructional materials for students who are attending IHEs that receive title IV funding. Establishes a competitive grant program to support model demonstration programs to improve the access of postsecondary students with print disabilities to quality postsecondary instructional materials in specialized formats. Requires certain producers of instructional materials for the postsecondary education market to include closed captions or subtitles in materials that incorporate synchronized audio and visual formats. Directs the Secretary to establish the Advisory Commission on Serving and Supporting Students with Psychiatric Disabilities in Institutions of Higher Education to conduct a comprehensive study aimed at improving the opportunities for postsecondary students with psychiatric disabilities to receive services and supports that optimize their rates of retention and graduation. Title X: Amendments to Other Laws - Amends the Truth in Lending Act to: require a lender, before issuing a private education loan for a student attending an IHE, to obtain specified certifications from the IHE; impose specified reporting requirements on issuers of private education loans; bar borrowers from making a pre-dispute waiver of their rights or remedies relating to a private education loan; require a private education lender to discharge the liability of borrowers in the event of their death or disability; subject postsecondary education lenders, loan holders, and loan servicers to civil liability; impose specified reporting requirements on financial institutions regarding any agreement they have with an IHE or its affiliates to offer consumer financial products or services to students; prohibit a financial institution that offers a consumer financial product or service that is affiliated with an IHE from entering into a revenue-sharing arrangement with the IHE; and impose specified consumer protection and disclosure requirements on student loan servicers. Amends the Internal Revenue Code to authorize the disclosure of tax return information to the Department of Education on student borrowers who are more than 150 days delinquent on an FFEL or DL. Revises federal bankruptcy law to limit the hardship exception to the exemption of educational debts from discharge in bankruptcy to: (1) an educational benefit overpayment or loan made, insured, or guaranteed by a governmental unit or made under any program funded in whole or in part by a governmental unit; or (2) an obligation to repay funds received from a governmental unit as an educational benefit, scholarship, or stipend. Amends the Servicemembers Civil Relief Act to set a 6% limitation on the interest rate that can be charged a servicemember during the servicemember's military service and one year thereafter on the student loans incurred by the servicemember prior to his or her military service, including student loans incurred prior to such service but consolidated or refinanced during that service. Amends the United States Institute of Peace Act to reauthorize funding for the United States Institute of Peace. Title XI: Reports, Studies, and Miscellaneous Provisions - Prohibits IHEs from participating in a federal financial assistance program unless they meet certain consumer protection requirements with respect to any of their students who are in a program of postsecondary education or training that is designed to prepare them for entry into a recognized occupation or profession that has pre-conditions for entry. Requires: a longitudinal study of the effectiveness of student loan counseling, a study on public service loan forgiveness, a longitudinal study of the causes of student loan default, and a study on the impact of federal financial aid changes on graduate students. Directs the Secretaries of Education, Defense (DOD), and Veterans Affairs (VA) and the Director of the Consumer Financial Protection Bureau (CFPB) to establish and maintain a working group to assess and improve the resources available to federal personnel to assist members of the Armed Forces and their spouses in using DOD tuition assistance programs. Directs the Secretary to establish an Institutional Risk-Sharing Commission to study and make recommendations for the implementation of a new risk-sharing system for IHEs that participate in the DL program through which IHEs would be held financially accountable for poor student outcomes. Requires the the Comptroller General (GAO) to report to Congress on the educational attainment of homeless and foster care youth. American Dream Accounts Act - Directs the Secretary to establish a competitive grant program enabling specified eligible entities to establish American Dream Accounts for a group of low-income students. Defines an "American Dream Account" as a personal online account for low-income students that monitors their readiness for higher education and includes a college savings account.
United States · United States Congress · 20 November 2014
Evidence-Based Policymaking Commission Act of 2014 - Establishes in the executive branch a Commission on Evidence-Based Policymaking. Directs the Commission to conduct a comprehensive study of the data inventory, data infrastructure, and statistical protocols related to federal policymaking and the statistical and programmatic agencies responsible for maintaining that data to: determine the optimal arrangement for which administrative data on federal programs and tax expenditures and related data series may be integrated and made available to facilitate program evaluation, policy-relevant research, and cost-benefit analyses by qualified researchers and institutions; make recommendations on how data infrastructure and protocols should be modified to best fulfill those objectives; and make recommendations on how best to incorporate outcomes measurement, institutionalize randomized controlled trials, and rigorous impact analysis into program design. Requires the Commission to consider if and how to create a clearinghouse for program and survey data. Terminates the Commission not later than 18 months after enactment of this Act.
United States · United States Congress · 20 November 2014
Heller Public Firearms Range Act of 2014 - Amends the Pittman-Robertson Wildlife Restoration Act to include the District of Columbia in the apportionment to states and U.S. territories and possessions of revenues from taxes imposed on pistols, revolvers, bows, and arrows. Revises specified payments authority to: (1) authorize the Secretary of the Interior to cooperate with the Mayor of the District in conducting wildlife restoration projects and hunter safety programs; (2) authorize payments to the District out of funds made available under the Act for such purposes; and (3) limit the amount of such payments to one-half of 1% of the total amount apportioned to states, territories, and possessions for any year. Requires the Secretary to use amounts in the federal aid to wildlife restoration fund (FAWRF) to make a limited grant in FY2015 to the Mayor for construction and operation of an indoor public target range for firearm users in the District. Requires the Secretary to construct and operate the target range on suitable federal land within the District using FAWRF funds and such grant amount or from other sources, if the Mayor fails to apply for the grant within 90 days after enactment of this Act or fails to construct a target range with it within one year after the enactment.
United States · United States Congress · 20 November 2014
Safer American Streets Act - Directs the Secretary of Transportation (DOT), for FY2015 and subsequent fiscal years, to withhold 10% of a state's apportionment of specified federal-aid highway program funds for any state or municipal government that employs an automated traffic enforcement system on a federal-aid highway. Prohibits: the Mayor of the District of Columbia from using an automated traffic enforcement system to detect a moving infraction, and the use of any information obtained through such a system as proof of an infraction in an administrative adjudication. Repeals title IX of the Fiscal Year 1997 Budget Support Temporary Amendment Act of 1996 (relating to automated traffic enforcement in the District of Columbia).
United States · United States Congress · 20 November 2014
Don't Tax Our Fallen Public Safety Heroes Act - Amends the Internal Revenue Code to exclude from gross income, for income tax purposes, federal public safety officer death benefits or amounts paid under a state program to surviving dependents of a public safety officer who died as the direct and proximate result of a personal injury sustained in the line of duty.
United States · United States Congress · 20 November 2014
Evidence-Based Policymaking Commission Act of 2014 - Establishes in the executive branch a Commission on Evidence-Based Policymaking. Directs the Commission to conduct a comprehensive study of the data inventory, data infrastructure, and statistical protocols related to federal policymaking and the statistical and programmatic agencies responsible for maintaining that data to: determine the optimal arrangement for which administrative data on federal programs and tax expenditures and related data series may be integrated and made available to facilitate program evaluation, policy-relevant research, and cost-benefit analyses by qualified researchers and institutions; make recommendations on how data infrastructure and protocols should be modified to best fulfill those objectives; and make recommendations on how best to incorporate outcomes measurement, institutionalize randomized controlled trials, and rigorous impact analysis into program design. Requires the Commission to consider if and how to create a clearinghouse for program and survey data. Terminates the Commission not later than 18 months after enactment of this Act.
United States · United States Congress · 19 November 2014
American Opportunity Carbon Fee Act - Amends the Internal Revenue Code to impose a fee on: (1) fossil fuel products, including coal, petroleum products, and natural gas, for carbon dioxide emissions; and (2) emissions of any greenhouse gas other than carbon dioxide from any greenhouse gas emission source. Directs the Secretary of the Treasury to establish, implement, and report on a program to collect data on methane emissions by major non-natural sources, including emissions attributable to the extraction and distribution of coal, petroleum products, and natural gas. Establishes the American Opportunity Trust Fund to provide economic assistance to low-income families and businesses using tax revenues generated by this Act.
United States · United States Congress · 18 November 2014
Sunlight for Unaccountable Non-profits (SUN) Act - Amends the Internal Revenue Code to require: (1) the annual tax return information for tax-exempt organizations and deferred compensation plans to be made available to the public at no charge and in an open structured data format that is processable by computers, with the information easy to find, access, reuse, and download in bulk; and (2) the disclosure of the names and addresses of contributors of $5,000 or more to tax-exempt organizations that participate or intervene in political campaigns on behalf of, or in opposition to, any candidate for public office.
United States · United States Congress · 17 November 2014
Permanent Investment in Health Research Act of 2014 - Amends the Public Health Service Act to replace the current authorization of appropriations for the National Institutes of Health (NIH) with specified actual appropriations for FY2015-FY2024. Appropriates $32 billion for FY2015, and for each of FY2016-FY2024 the amount for the preceding fiscal year adjusted by the percentage increase in nominal gross domestic product during the preceding calendar year. Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to add NIH to the list of programs and activities that are exempt from a sequestration. (A sequestration is a process of automatic, usually across-the-board spending reductions under which budgetary resources are permanently canceled to enforce specific budget policy goals.)
United States · United States Congress · 17 November 2014
Patient Freedom Act of 2014 - Amends the Internal Revenue Code to repeal, after 2013, the requirement that individuals maintain minimum essential health care coverage.
United States · United States Congress · 14 November 2014
Leveraging and Energizing America's Apprenticeship Programs Act or the LEAP Act - Amends the Internal Revenue Code to allow employers a business-related tax credit of $1,500 for hiring an apprenticeship employee who has not attained age 25 at the close of the taxable year or $1,000 for an apprenticeship employee who has attained age 25. Allows such credit for no more than two taxable years with respect to any apprenticeship employee. Defines "apprenticeship employee" as an employee who is employed in an officially-recognized apprenticeable occupation pursuant to an apprentice agreement registered with the Office of Apprenticeship of the Employment and Training Administration of the Department of Labor or a state apprenticeship agency. Requires the Director of the Office of Management and Budget (OMB) to coordinate with the heads of federal agencies to: (1) determine which government publications could be available on government websites and no longer printed, (2) devise a strategy to reduce overall government printing costs over the 10-year period beginning with FY2015, (3) establish government-wide guidelines on employee printing, and (4) issue guidelines for publicly disclosing information about the publication of government documents.
United States · United States Congress · 14 November 2014
Sandy Reinvestment Extension Act of 2014 - Amends the Internal Revenue Code, with respect to the nonrecognition of gain from property involuntarily converted, to extend from two years to five years the replacement period for property involuntarily converted in the Hurricane Sandy Disaster Area.
United States · United States Congress · 14 November 2014
Sanction Iran, Safeguard America Act of 2014 or the SISA Act - Amends the Iran Sanctions Act of 1996, the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010, the National Defense Authorization Act for Fiscal Year 2012, the Iran Threat Reduction and Syria Human Rights Act of 2012, and the Iran Freedom and Counter-Proliferation Act of 2012 to eliminate authority to waive sanctions relating to: transportation of crude oil from Iran; financial institutions that engage in certain transactions; the financial sector of Iran; persons that support or conduct certain transactions with Iran's Revolutionary Guard Corps and other sanctioned persons; the sale, supply, or transfer of certain materials to or from Iran; the provision of underwriting services or insurance or reinsurance for activities or persons with respect to which sanctions have been imposed; and foreign financial institutions that facilitate financial transactions on behalf of specially designated nationals. Amends the Iran Threat Reduction and Syria Human Rights Act of 2012 to direct the President to prohibit any correspondent account or a payable-through account opened and maintained in the United States by a foreign financial institution that has knowingly conducted or facilitated any significant financial transaction, on or after July 31, 2012, for the purchase, acquisition, sale, transport, or marketing of petroleum, petroleum products, or petrochemical products from Iran. Requires the imposition on violators of specified sanctions under the Iran Sanctions Act of 1996. Requires the President to block and prohibit all transactions in property and interests in property in or that enter the United States (or the possession or control of a U.S. person) of any person that has, on or after July 31, 2012, materially assisted, sponsored, or provided financial support or related goods or services for the National Iranian Oil Company, the Naftiran Intertrade Company, or the Central Bank of Iran. Requires the President also to block and prohibit similar transactions involving the purchase or acquisition of U.S. bank notes or precious metals by the government of Iran. Amends the Iran Freedom and Counter-Proliferation Act of 2012 to direct the President to block and prohibit similar transactions involving any Iranian person included on the list of specially designated nationals and blocked persons maintained by the Office of Foreign Assets Control of the Department of the Treasury. Directs the President to impose specified sanctions with respect to: (1) a person that has, on or after June 1, 2013, knowingly engaged in a significant financial transaction in connection with the automotive sector of Iran; (2) any related correspondent account or a payable-through account held by a foreign financial institution that has knowingly facilitated such a transaction; and (3) any foreign financial institution that has knowingly facilitated a significant financial transaction on behalf of any blocked person or specially designated Iranian national. Requires revision of the Federal Acquisition Regulation to require a certification from each prospective federal contractor that is part of the automotive sector of any foreign country, that the prospective contractor (and any person owned or controlled by it): (1) does not have a business relationship with the government of Iran; and (2) has not, in the previous 90 days, conducted any transaction with an Iranian person or any entity owned or controlled by one. Amends the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 to prohibit importation into the United States of refined petroleum products made using Iranian origin crude oil regardless of whether the crude oil was commingled with crude oil not of Iranian origin. Prohibits any regulatory exception to the prohibition on direct or indirect imports from Iran. Amends the National Defense Authorization Act for Fiscal Year 2012 with respect to sanctions on petroleum transactions. Directs the President to block and prohibit all activities or transactions that contribute materially, or pose a risk of material contribution, to the proliferation of weapons of mass destruction or the means to deliver them. Prohibits any obligation or expenditure of authorized appropriations for negotiations with Iran until a join resolution has been enacted making specified certifications.
United States · United States Congress · 14 November 2014
Ebola Emergency Response Act - Expresses the sense of Congress that: the Ebola virus outbreak in West Africa poses severe health, economic, and security threats to the affected countries, the United States, and the broader international community; and the whole-of-government response taken by the United States provides capabilities critical to helping contain Ebola in West Africa; yet the United States alone will not succeed in containing it. Directs the President to: coordinate with the governments of affected African countries, the private sector, regional and international financial institutions and international organizations, civil society, and nongovernmental organizations to implement a comprehensive Ebola control strategy and assist affected populations; and use U.S. influence at the United Nations (U.N.) to ensure that the U.N. Mission in Liberia is protecting individuals under its care and playing an active emergency response role, and ensuring that the U.N. Mission for the Ebola Emergency Response (UNMEER) is playing an effective role in aligning donors around a plan to detect, contain, treat, and deter Ebola's further spread. Authorizes the President to provide specified emergency assistance to countries directly affected by or at imminent risk of being affected by the Ebola outbreak. Expresses the sense of Congress that the President should work with other donors, including international financial institutions, to encourage them to: (1) help the governments of Guinea, Liberia, and Sierra Leone mitigate the risks of economic collapse and related civil unrest by providing access to emergency grants and financing tools to address fiscal issues that are the direct result of the Ebola crisis; and (2) assist with post-crisis economic recovery.
United States · United States Congress · 12 November 2014
Amends the Internal Revenue Code to set forth a special rule to deny tax-exempt status to a professional sports league that promotes, or allows a member club or franchise to promote, the use of the term "redskin" in connection with any team or club connected with such league.
United States · United States Congress · 19 September 2014
Amends the Internal Revenue Code to allow tax-free rollovers from tax-exempt retirement plans, annuities, and deferred compensation plans into a simple individual retirement account.
United States · United States Congress · 18 September 2014
Don't Tax Our Fallen Public Safety Heroes Act - Amends the Internal Revenue Code to exclude from gross income, for income tax purposes, federal public safety officer death benefits or amounts paid under a state program to surviving dependents of a public safety officer who died as the direct and proximate result of a personal injury sustained in the line of duty.
United States · United States Congress · 18 September 2014
Affordable Health Insurance for the Middle Class Act - Amends the Internal Revenue Code to: (1) expand eligibility for the health care premium assistance refundable tax credit by defining an "applicable taxpayer" as a taxpayer whose household income does not exceed 600% of the federal poverty line (currently, 400%), and (2) increase the excise tax rate for small cigars and small cigarettes.
United States · United States Congress · 18 September 2014
Layoff Prevention Extension Act of 2014 - Amends the Middle Class Tax Relief and Job Creation Act of 2012 with respect to state short-time compensation programs that allow employers to reduce the workweek of their employees in lieu of layoffs. Extends federal financing of the programs for an additional year. Extends through December 31, 2015, the deadline for a state to submit to the Secretary of Labor its application for a short-time compensation program grant.
United States · United States Congress · 18 September 2014
Stop Militarizing Law Enforcement Act - Revises the authority the Secretary of Defense (DOD) to transfer excess DOD property, including small arms and ammunition, to federal and state agencies for law enforcement activities to: repeal provisions authorizing the transfer of property the Secretary determines is suitable for use in counter-drug and counter-terrorism activities; repeal provisions directing the Secretary to carry out such transfers in consultation with the Director of National Drug Control Policy; condition such a transfer on the recipient certifying that it has the personnel and technical capacity to operate the property and will return property determined to be surplus to its needs; prohibit the transfer of specified weapons, materials, and equipment, including explosive ordnance, drones, and assault vehicles; and condition continuation of such program on the Secretary certifying that, for the prior fiscal year, recipients demonstrated 100% accountability for transferred property and complied with program requirements or were suspended or terminated from the program. Requires the Secretary to: (1) report to Congress and obtain prior approval by law before transferring any DOD property not previously made available for transfer; and (2) submit an annual written certification that a recipient has accounted for, and met transfer conditions for, any such transferred property. Requires the Defense Logistics Agency to maintain an Internet website on such transfers, unaccounted-for property, and suspended or terminated recipients. Prohibits the Federal Emergency Management Agency (FEMA) from permitting awards under a preparedness grant program to be used to buy, maintain, alter, deploy, or provide training in the use of specified tactical, surveillance, or explosives equipment, vehicles, or canines. Amends the Omnibus Crime Control and Safe Streets Act of 1968 to prohibit the use of Edward Byrne Memorial Justice Assistance Grant funds for the purchase, maintenance, alteration, or operation of lethal weapons or less-lethal weapons.
United States · United States Congress · 18 September 2014
Responsible Estate Tax Act - Amends the Internal Revenue Code, with respect to estate, gift, and generation-skipping transfer taxes, to: (1) revise estate tax rates to impose an increased tax for estates over $3.5 million and a maximum tax rate of 55% for estates over $50 million; (2) impose a 10% surtax on estates over $500 million; (3) reduce the basic estate tax exclusion amount from $5 million to $3.5 million; (4) increase to $3 million the reduction in valuations of farmland for estate tax purposes and adjust such increased amount for inflation after 2014; and (5) increase to $2 million the maximum estate tax exclusion for contributions of conservation easements. Requires that the value of the basis in any property acquired from a decedent or by gift be consistent with the basis as determined for estate and gift tax purposes. Requires executors of estates and donors of gifts required to file a gift tax return to disclose to the Secretary of the Treasury, and to recipients of any interest in an estate or a gift, information identifying the value of each interest received. Sets forth estate valuation rules for certain transfers of nonbusiness assets and limits estate tax discounts for certain individuals with minority interests in a business acquired from a decedent. Expands rules for valuing assets in grantor retained annuity trusts to require that: (1) the right to receive fixed amounts from an annuity last for a term of not less than 10 years and that such fixed amounts not decrease during the first 10 years of the annuity term, and (2) the remainder interest have a value greater than 10% when transferred. Sets forth rules for the application of transfer taxes to a grantor trust (a trust in which the grantor retains control over the trust assets and has the right to receive income from the trust).
United States · United States Congress · 18 September 2014
Pay What You Owe Before You Go Act - Amends the Internal Revenue Code to require the recapture in subpart F income (i.e., income of a controlled foreign corporation earned outside the United States which is not tax deferred) the accumulated deferred foreign income of such corporation (i.e., the undistributed earnings of the controlled foreign corporation over its undistributed U.S. earnings) for its last taxable year.
United States · United States Congress · 18 September 2014
401(Kids) Education Savings Account Act of 2014 - Amends the Internal Revenue Code to: (1) eliminate after 2014 the income-based reduction of contributions to Coverdell education savings accounts, (2) increase the annual contribution limit for such accounts, (3) allow the use of such an account to pay home school expenses and the acquisition costs of a first-time homebuyer, and (4) allow tax-free rollovers of amounts in a Coverdell education savings account to a Roth individual retirement account (Roth IRA).
United States · United States Congress · 18 September 2014
Exercise and Fitness For All Act - Directs the Access Board to develop and publish guidelines for exercise or fitness service providers to provide accessible exercise or fitness equipment, including relevant personnel training. Requires such guidelines to ensure that exercise or fitness equipment is accessible to, and usable by, individuals with disabilities. Amends the Internal Revenue Code to allow eligible small businesses a tax credit for providing accessible exercise or fitness equipment for use by individuals with disabilities.
United States · United States Congress · 18 September 2014
Accessible Transportation for All Act - Requires owners or operators of a for-hire transportation company, taxi service, or transportation network company to provide accessible vehicles for hire by disabled individuals in need of transportation services. Prohibits discrimination against disabled individuals in the provision of for-hire transportation services. Requires the Administrator of the Federal Transit Administration (FTA) to organize a national competition for U.S. automobile manufacturers to design one or more model accessible taxi vehicles and model accessible passenger cars. Establishes in the FTA an Accessible Taxi and For-Hire Transportation Board. Requires states to develop a strategic plan to increase the availability of accessible taxi vehicles, accessible vehicles for hire, and other accessible for-hire transportation options for people with disabilities. Directs the Administrator, in collaboration with the U.S. Access Board, to promulgate accessibility and service standards for accessible taxi vehicles and accessible vehicles for hire to ensure that they are fully accessible to, and usable by, passengers with disabilities. Amends the Internal Revenue Code to allow a tax credit for expenditures incurred by a small business that is a qualified taxi company in purchasing or adapting a vehicle for use as an accessible taxi vehicle.
United States · United States Congress · 18 September 2014
Amends the Internal Revenue Code to set forth a special rule to deny tax-exempt status to a professional sports league that promotes, or allows a member club or franchise to promote, the use of the term "redskin" in connection with any team or club connected with such league.
United States · United States Congress · 18 September 2014
Enhanced 529 - Setting Aside for a Valuable Education Act or the Enhanced 529 - S.A.V.E. Act - Amends the Internal Revenue Code to: (1) allow a tax credit for contributions to a qualified tuition program (529 tuition program); and (2) allow an exclusion, up to $600, from the gross income of an employee for employer contributions to a 529 tuition program.
United States · United States Congress · 18 September 2014
Simplifying Technical Aspects Regarding Seasonality Act of 2014 or the STARS Act - Amends the Internal Revenue Code to exempt seasonal employees from the definition of "full-time employee" for purposes of the employer mandate to provide employees with minimum essential health care coverage. Defines "seasonal employee" as an employee who is employed in a position for which the customary annual employment is not more than six months and which requires performing labor or services that are ordinarily performed at certain seasons or periods of the year.
United States · United States Congress · 18 September 2014
Incentives to Educate American Children Act of 2014 or the I Teach Act of 2014 - Amends the Internal Revenue Code to permit a refundable tax credit of $1,000 for: (1) teachers in public or elementary or secondary schools or public kindergartens in rural areas or areas with high poverty, and (2) teachers certified by the National Board for Professional Teaching Standards. Increases such credit to $2,000 for a teacher meeting both requirements.
United States · United States Congress · 18 September 2014
Student Loan Tax Relief Act - Amends the Internal Revenue Code to exclude from gross income income imputed from a discharge of student loan indebtedness based on repayments which are income contingent or income based or a discharge due to the death or total disability of the student.
United States · United States Congress · 18 September 2014
Amends the Internal Revenue Code, with respect to the tax credit for producing electricity from renewable resources, to allow a taxpayer to elect the application of such credit to open-loop biomass and trash facilities during the period beginning after December 31, 2013, and ending before January 1, 2016 (in lieu of the 10-year period after the facilities are originally placed in service). Limits the aggregate period during which a taxpayer can claim a tax credit with respect to a facility to 10 years.
United States · United States Congress · 18 September 2014
Retirement Security Preservation Act of 2014 - Amends the Internal Revenue Code, with respect to nondiscrimination requirements for tax-exempt employee pension, profit-sharing, and stock bonus plans, to include protections for older, longer service participants in such plans, including the grandfathering of such participants under defined benefit plans.
United States · United States Congress · 18 September 2014
Collaborative Academic Research Efforts for Tourette Syndrome Act of 2014 - Amends the Public Health Service Act to require the Director of the National Institutes of Health (NIH) to expand, intensify, and coordinate NIH research on Tourette syndrome. Requires the Director to develop a system to collect data on Tourette syndrome, including epidemiological information, primary data, and data on the availability of medical and social services for individuals with Tourette syndrome and their families. Requires the Director to award grants and contracts to public or nonprofit private entities to support four to six Collaborative Research Centers for Tourette Syndrome in different regions to conduct basic and clinical research on Tourette syndrome. Requires the Director to award grants for research on the full range of symptoms within the Tourette syndrome clinical spectrum and the efficacy of treatment options for particular patient subpopulations. Requires the Director to designate a portion of the amounts made available to carry out NIH programs and activities for a fiscal year to carry out programs and activities with respect to Tourette syndrome.
United States · United States Congress · 18 September 2014
Amends the Omnibus Crime Control and Safe Streets Act of 1968 to reauthorize the public safety and community policing (COPS ON THE BEAT) grant program for FY2015-FY2019. Replaces various requirements for the allocation of grant funds with a requirement that a specified amount of funds available in any fiscal year be allocated to establish school-based partnerships between local law enforcement agencies and local school systems by using school resource officers who operate in and around elementary and secondary schools to combat school-related crime and disorder problems, gangs, and drug activities.
United States · United States Congress · 18 September 2014
Keep Our Promise to America's Children and Teachers Act or the Keep Our PACT Act - Appropriates for each of FY2015-FY2024 an amount that equals the difference between: (1) the amount appropriated for FY2015 for school improvement programs under part A of title I of the Elementary and Secondary Education Act of 1965; and (2) a specified amount for the applicable fiscal year or the full amount authorized to be appropriated for such fiscal year for such programs, whichever is higher. Amends the Individuals with Disabilities Education Act (IDEA) to reauthorize and make appropriations for the grant program to assist states and outlying areas in providing special education and related services to children with disabilities. Sets the amount to be authorized and the amount to be appropriated for each fiscal year from FY2015-FY2023 as the greater of: (1) a specified amount, or (2) a specified percentage of an amount determined pursuant to a formula that multiplies the number of children receiving special education services by the average per-pupil expenditure in public elementary and secondary schools. Authorizes and appropriates funds for FY2024 and each subsequent fiscal year equal to the greater of a specified amount or 40% of the amount determined using such formula. Requires the amounts appropriated by this Act and its amendments to be expended consistent with pay-as-you-go requirements.
United States · United States Congress · 18 September 2014
Protect Student Borrowers Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to require institutions of higher education (IHEs) participating in the William D. Ford Federal Direct Loan program to accept specified risk-sharing requirements. Requires an IHE, for any fiscal year in which at least 25% of the IHE's student body is participating in the Direct Loan program, to remit, at such times as the Secretary of Education specifies, a risk-sharing payment set at: 20% of the total amount of its defaulted Direct loans if its cohort default rate is 30% or higher, 15% of the total amount of its defaulted Direct loans if its cohort default rate is lower than 30% but not lower than 25%, 10% of the total amount of its defaulted Direct loans if its cohort default rate is lower than 25% but not lower than 20%, and 5% of the total amount of its defaulted Direct loans if its cohort default rate is lower than 20% but not lower than 15%. Directs the Secretary to make specified modifications to such risk-sharing requirements if an IHE develops and implements a student loan management plan that is approved by the Secretary. Requires that plan to include individualized financial aid counseling for students and strategies to minimize student loan default and delinquency. Allows the Secretary to waive or reduce an IHE's risk-sharing payments in certain other instances. Prohibits IHEs from denying admission or financial aid to a student based on a perception that the student may be at risk for defaulting on a Direct loan. Authorizes the Secretary to enter into contracts or cooperative agreements for: (1) statewide or institutionally-based programs for the prevention of federal student loan delinquency and default at IHEs that have a high cohort default rate or serve large numbers or percentages of students who have a higher risk of defaulting on student loans under title IV, and (2) increasing the number of borrowers who successfully rehabilitate defaulted loans Establishes a separate account in the Treasury for the deposit of the risk-sharing payments, of which: (1) up to 50% are to be used by the Secretary to enter into the contracts or cooperative agreements for delinquency and default prevention or rehabilitation, and (2) the remainder are to be used to offset any future shortfalls in funding under the Federal Pell Grant program. Makes an IHE's ability to meet its obligation to make risk-sharing payments part of the determination of its eligibility to participate in title IV programs.
United States · United States Congress · 18 September 2014
Exercise and Fitness For All Act - Directs the Access Board to develop and publish guidelines for exercise or fitness service providers to provide accessible exercise or fitness equipment, including relevant personnel training. Requires such guidelines to ensure that exercise or fitness equipment is accessible to, and usable by, individuals with disabilities. Amends the Internal Revenue Code to allow eligible small businesses a tax credit for providing accessible exercise or fitness equipment for use by individuals with disabilities.
United States · United States Congress · 18 September 2014
Urban and Municipal Justice Act of 2014 or the Justice Act - Reduces the amount that would otherwise be awarded to a unit of local government under the Edward Byrne Memorial Justice Assistance Grant Program: (1) by 75% for any such unit that, during the previous three fiscal years, funded an amount that on average was greater than 18% of its operating budget using revenue generated from collecting fines and other fees related to violations of traffic laws; and (2) by 95% for any such unit for which, during the previous fiscal year, the percentage of individuals who identify as a race who were employees of the law enforcement agency for that unit and the percentage of individuals who identify as that race who live in the jurisdiction such agency serves differ by greater than 30%. Reduces by 50% the amount that would otherwise be awarded under such Program to a state that did not reduce a subgrant award to a unit of local government in accordance with this Act in the preceding fiscal year. Requires the Attorney General to reallocate funds withheld from a state or unit of local government pursuant to this Act in accordance with the Program.
United States · United States Congress · 18 September 2014
Domestic Violence Enhanced Penalty Act of 2014 or Candace's Law - Directs a state to provide by law enhanced sentencing requirements for persons convicted of committing, or attempting to commit, an act of domestic violence in the presence of minor children. Prohibits a state that fails within two years to implement this Act substantially from receiving 20% of the funds that would otherwise be allocated to it for the fiscal year under the Violence Against Women Act of 2000. Allows for reasonable alternative procedures or accommodations for compliance by a state that is unable to implement this Act substantially because of a conflict with the state constitution.
United States · United States Congress · 18 September 2014
Indian Employment, Training and Related Services Consolidation Act of 2014 - Amends the Indian Employment, Training and Related Services Demonstration Act of 1992 to make revisions to the program that provides for the integration of employment, training, and related services programs from federal funds. Renames the Act as the Indian Employment, Training and Related Services Act of 1992. Revises the purpose of the Act. Revises provisions concerning the authority of Indian tribes to integrate employment, training, and related services programs and federal funds received by the Tribe. Lists the types of programs that may be integrated pursuant to an approved integration plan. Makes block grants eligible to be integrated into the plan. Directs the Comptroller General (GAO) to: (1) assess the programs of specified departments of the federal government, and (2) develop an inventory of all programs of those departments that may be integrated. Allows an Indian tribe to include in the plan: (1) any program identified by the Comptroller General in the inventory, and (2) any program not identified in the inventory at the discretion of the Secretary of the Interior. Sets forth requirements regarding the granting or denial of a waiver request. Considers a waiver request to be granted if the head of an affected agency does not make a decision on the request within 90 days. Directs the Secretary to establish and initiate an interagency dispute resolution process if an affected federal agency denies such a request and the Secretary determines that the waiver would not be inconsistent with this Act's provisions or prevent the affected agency from fulfilling its obligations under this Act. Requires if, the dispute resolution process fails to resolve the dispute between a participating Indian tribe and an affected agency, the head of the affected agency shall have the final authority to resolve the dispute. Requires the Secretary, after the dispute is resolved, to provide the requesting tribe with: (1) the final decision on the waiver request; and (2) notice of the right to file an appeal in accordance with the applicable provisions specified in this Act. Gives the Secretary exclusive authority to approve or disapprove a plan submitted by an Indian tribe. Sets forth requirements for the approval or denial of a plan, including giving the Secretary 90 days to approve or deny a plan. Allows the Secretary to extend or otherwise alter the 90-day period for not more than 90 additional days if the Secretary obtains the express written consent of the Indian tribe. Provides for certain hearing and appeal rights for an Indian tribe if the Secretary denies its plan. Revises provisions allowing tribes to use funds available for a plan to place participants in training positions with employers. Expands the program to include non-private employers. Extends the training allowance period from 12 months to 24 months. Removes the requirement that the employer agree to provide permanent employment to participants. Revises the responsibilities of the Director of the Bureau of Indian Affairs (BIA) in carrying out this Act to include: the distribution of the funds to the respective Indian tribes by no later than 45 days after the receipt of the funds from the appropriate federal department or agency, the performance of the activities relating to agency waivers, and the establishment of an interagency dispute resolution process. Expands the number of federal departments required to enter into an interdepartmental memorandum of agreement providing for the implementation of this Act. Prohibits the BIA from developing a reporting format that requires a participating tribe to report on the expenditure of funds transferred to the tribe under the Act. Provides that the inclusion of a program in a tribal plan under this Act shall not: (1) modify, limit, or otherwise affect the eligibility of the program for contracting under the Indian Self-Determination and Education Assistance Act; or (2) eliminate the applicability of any provision of such Act, as the provision relates to a specific program eligible for contracting under that Act. Sets forth provisions governing the transfer of funds to Indian tribes under the Act. Establishes rules governing the administration of funds received by Indian tribes under the Act. Treats any funds transferred to an Indian tribe under the Act as non-federal funds for purposes of meeting matching requirements under any other federal law. Applies civil liability limitations to plans approved under the Act. Declares that an Indian tribe shall be entitled to retain interest earned on any funds transferred to the tribe under an approved plan and such interest shall not diminish the amount of funds the tribe is authorized to receive under the plan in the year the interest is earned or in any subsequent fiscal year. Revises reporting requirements under the Act. Declares that nothing in this Act or any amendment made by this Act: (1) affects any plan approved under the Indian Employment, Training and Related Services Act of 1992 (as so redesignated) before this Act's enactment date, (2) requires any Indian tribe or tribal organization to resubmit an approved plan, or (3) modifies the effective period of any such plan.
United States · United States Congress · 18 September 2014
Economy in Motion: The National Multimodal and Sustainable Freight Infrastructure Act - Directs the Secretary of Transportation to: (1) establish a Multimodal Freight Funding Formula Program to distribute funds to states, and a National Freight Infrastructure Competitive Grant Program to make grants to entities for projects, to improve the efficiency and reliability of freight movement in the United States; (2) establish a multimodal national freight network to accomplish the goals of the national freight policy, including increasing the productivity and efficiency of the national freight system and improving its safety, security, and resilience; (3) develop, maintain, and post on the public website of the Department of Transportation (DOT) a national freight strategic plan that includes an assessment of the condition and performance of the national freight system; and (4) develop and improve tools to support an outcome-oriented, performance-based approach to evaluate proposed freight-related and other transportation projects. Amends the Moving Ahead for Progress in the 21st Century Act (or MAP-21) to: (1) expand the membership and duties of state freight advisory committees; and (2) require state freight plans to include strategies and goals to decrease greenhouse gas emissions, local air pollution, water runoff, and wildlife habitat loss. Amends the Internal Revenue Code to: (1) impose a 1% excise tax upon taxable ground transportation of property (i.e., transportation by freight rail or transportation by commercial motor vehicle for a distance of more than 50 miles), and (2) deposit such tax revenues into a Freight Trust Fund (established by this Act) to finance the Multimodal Freight Funding Formula Program and the National Freight Infrastructure Competitive Grant Program.
United States · United States Congress · 18 September 2014
Transit Accessibility Innovation Act of 2014 - Directs the Secretary of Transportation (DOT) to implement a transit accessibility innovation program by distributing competitive discretionary grants to public transit agencies for eligible projects in order to encourage public transit systems to take action to address deficiencies in service for individuals with disabilities. Directs the Secretary, for each fiscal year, to use 2% of funds made available under this Act to carry out activities to ensure that innovative practices, program models, and new service delivery options are collected, reviewed, and disseminated to other public transit agencies for replication in other communities. Directs the Secretary, for each fiscal year, also to use certain funds to carry out a transportation promotion pilot program to ensure that: (1) public transit agencies fulfill their requirements under the Americans with Disabilities Act of 1990 (ADA), and (2) individuals with disabilities have advocates to ensure greater opportunities for integration and access into transit systems. Requires the Secretary to make grants to: (1) agencies implementing a system established under the Developmental Disabilities Assistance and Bill of Rights Act of 2000 that have demonstrated histories of transportation expertise or advocacy, and (2) nonprofit organizations that have also demonstrated such histories. Increases from 10% to 15% the limitation on the use of a recipient's annual formula apportionment for provision of nonfixed route paratransit transportation services in accordance with the ADA.
United States · United States Congress · 18 September 2014
Bridge to a Clean Energy Future Act of 2014 - Amends the Internal Revenue Code to extend through 2015 the following energy-related tax provisions: the tax credits for residential energy efficiency improvements, alternative fuel vehicle refueling property expenditures, two-wheeled plug-in electric vehicles, second generation biofuel production, biodiesel and renewable diesel fuel mixtures, producing electricity using Indian coal facilities, the construction of energy-efficient new homes, and new qualified fuel cell motor vehicles; the enhanced depreciation allowance for second generation biofuel plant property; the tax deduction for energy efficient commercial buildings; the excise tax credit for alternative fuels and fuels involving liquefied hydrogen; and tax deferral rules for sales or dispositions of qualified electric utilities. Extends through 2016, the tax credit for producing electricity using wind, biomass, geothermal, landfill gas, trash, hydropower, and marine and hydrokinetic renewable energy facilities. Directs the Secretary of the Treasury to establish a program to consider and award certifications for qualified investments eligible for the advanced energy project tax credit. Limits the amount of credits that may be allocated under such program to not more than $5 billion (the 2013 allocation amount). Authorizes the Secretary to make direct payments to a taxpayer in lieu of a tax credit. Extends the energy tax credit to solar energy, fuel cell, microturbine, combined heath and power system, small wind energy, and thermal energy properties the construction of which begins before January 1, 2017.
United States · United States Congress · 18 September 2014
Directs the Secretary of the Treasury to implement security measures in the electronic tax return filing process designed to prevent tax refund fraud from being perpetrated through electronic identity theft, including the use of security questions that allow for electronic matching of the answers to establish the taxpayer's identity.
United States · United States Congress · 18 September 2014
CEO-Employee Pay Fairness Act of 2014 - Amends the Internal Revenue Code to deny a publicly held corporation a tax deduction for the payment of performance-based remuneration in excess of $1 million to any of its current or former officers or directors if such corporation does not meet the pay fairness requirement established by this Act. Deems the pay fairness requirement to be satisfied if: (1) the average compensation paid by the employer for all applicable U.S. employees for the taxable year exceeds the inflation and productivity growth adjusted average (i.e., $115,000 in 2014) of such compensation for the preceding taxable year; and (2) the aggregate compensation paid by the employer to or for all applicable employees for the taxable year is not less than the aggregate of such compensation for the preceding taxable year.
United States · United States Congress · 18 September 2014
Creating American Prosperity through Preservation Act - Amends the Internal Revenue Code, with respect to tax credits for building rehabilitation expenditures, to: (1) allow an increased 30% credit for projects involving $7.5 million or less in rehabilitation expenditures, (2) provide for an additional 2% credit amount for a building that is a qualified energy efficient rehabilitated building (increased energy efficiency of 30% or more), (3) change the placed-in-service requirement for non-historic rehabilitated buildings from before 1936 to 50 years prior to the year in which qualified rehabilitation expenditures are taken into account, and (4) exempt from tax the proceeds of a state historic tax credit.