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1,001 records in US in 2003
United States · United States Congress · 13 February 2003
Good Samaritan Tax Act - Amends the Internal Revenue Code to set forth a rule for determining the amount of the deduction allowable for a charitable contribution of food inventory.
United States · United States Congress · 13 February 2003
Amends the Internal Revenue Code to repeal, effective January 1, 2003, the 1993 increase in income taxes on Social Security benefits.
United States · United States Congress · 13 February 2003
Permanent Income Tax Rate Reduction Act of 2003 - Makes the sunset provisions in Title IX of the Economic Growth and Tax Relief Reconciliation Act of 2001 inapplicable to Title I of such Act (relating to individual income tax rate reductions), thus making Title I permanent.
United States · United States Congress · 13 February 2003
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. Authorizes the Secretary of Housing and Urban Development to include certain adjacent areas not meeting population requirements in such renewal community expansion.
United States · United States Congress · 13 February 2003
Homeland Investment Act of 2003 - Amends the Internal Revenue Code to permit a U.S. corporation doing business abroad to elect to have its foreign earnings taxed in the United States for one year at a rate equal to 5.25 percent of the excess qualified foreign distribution and the amount attributable to such corporation as controlled foreign-earned dividends in lieu of being taxed under individual or corporate rates. Limits foreign tax credits with respect to dividends taxed at such 5.25 percent rate.
United States · United States Congress · 13 February 2003
Home and Farm Wind Energy Systems Act of 2003 - Amends the Internal Revenue Code to allow a limited credit for amounts paid for qualified wind energy property from which at least 50 percent of the energy produced is consumed on site.
United States · United States Congress · 13 February 2003
Domestic Spirits Tax Equity Act of 2003 - Amends the Internal Revenue Code to allow a distilled spirits wholesaler a distilled spirits wholesalers credit equal to the product of: (1) the number of cases of bottled distilled spirits which were bottled in the United States and which are purchased by such wholesaler during the taxable year directly from the distiller or importer of such spirits; and (2) the average tax-financing cost per case for the most recent calendar year ending before the beginning of such taxable year.
United States · United States Congress · 13 February 2003
Affordable College Education Act of 2003 - Amends the Internal Revenue Code, with respect to the deduction for higher education and related expenses to: (1) revise the definition to make it a deduction for qualified higher education expenses (currently, it is a deduction for qualified tuition and related expenses); (2) repeal the dollar limitations; and (3) repeal the termination of the deduction. Removes, with respect to the deduction for interest on education loans, the dollar limitations.
United States · United States Congress · 13 February 2003
Full Expensing for Economic Growth Act of 2003 - Amends the Internal Revenue Code with respect to the special first-year allowance for certain property acquired after September 10, 2001 and before September 11, 2004, to increase such allowance to 100 percent for 18 months from the date of enactment of this Act, if there was no written binding contract in effect before such date, for: (1) the acquisition of such property; or (2) in the case of property manufactured, constructed, or produced for the taxpayer's own use, for the manufacture, construction, or production of such property.
United States · United States Congress · 13 February 2003
Community Faith-based Lending Improvement Act of 2003 - Amends the Internal Revenue Code to exclude from gross income interest received by banks on loans made to tax-exempt churches and religious organizations.
United States · United States Congress · 13 February 2003
Artists' Contribution to American Heritage Act of 2003 - Amends the Internal Revenue Code to provide a fair market value (determined at time of contribution) deduction for charitable contributions of literary, musical, artistic, scholarly compositions, or the copyright created by a qualifying donor. Exempts certain non-personal letters and memoranda from such treatment. Limits such increased deduction to the donor's artistic adjusted income (as defined by this Act).
United States · United States Congress · 13 February 2003
Amends the Internal Revenue Code to repeal specified occupational taxes relating to distilled spirits, wine, and beer. Revises recordkeeping requirements for wholesale and retail liquor dealers. Makes it unlawful for any liquor dealer (except one selling beer exclusively) to purchase distilled spirits from any person other than a specified wholesale liquor dealer.
United States · United States Congress · 13 February 2003
Amends the Internal Revenue Code to exempt from tax certain settlement funds established under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980.
United States · United States Congress · 13 February 2003
Teacher Tax Relief Act of 2003 - Amends the Internal Revenue Code to increase from $250 to $400 the maximum above-the-line deduction allowed for classroom supply expenses incurred by elementary and secondary school teachers, effective after December 31, 2002. Expands such deduction to include qualified professional development expenses.
United States · United States Congress · 13 February 2003
Constitutional Amendment - Prohibits outlays for a fiscal year (except those for repayment of debt principal) from exceeding total receipts for that fiscal year (except those derived from borrowing) unless Congress, by a three-fifths rollcall vote of each House, authorizes a specific excess of outlays over receipts. Requires a three-fifths rollcall vote of each House to increase the public debt limit. Directs the President to submit a balanced budget to Congress annually. Prohibits any bill to increase revenue from becoming law unless approved by a majority of each House by rollcall vote. Authorizes waivers of these provisions when a declaration of war is in effect or under other specified circumstances involving military conflict.
United States · United States Congress · 13 February 2003
Amends Public Law 107-229 to extend until February 24, 2003, specified continuing appropriations for FY 2003.
United States · United States Congress · 12 February 2003
Tribal Colleges and Universities Teacher Loan Forgiveness Act - Amends the Higher Education Act of 1965 to provide for the cancellation of a specified percentage of the total amount of any Federal Perkins loan, Federal Family Education loan, or direct student loan for each year of employment (up to five) as a full-time teacher at a tribal college or university if the borrower is not in default on such loan. Prohibits a borrower from receiving, for the same service, both a benefit from this Act and a benefit from the National Community Service Act of 1990. Provides that the amount of any loan forgiven under this Act shall not be treated as gross income for Federal tax purposes.
United States · United States Congress · 12 February 2003
Straight Talk on Social Security Act of 2003 - Amends the Social Security Act to require Social Security account statements to contain additional information, such as a statement of the current Social Security tax rates applicable to wages and self-employment income, including an indication of the combined total of such rates of employee and employer taxes with respect to wages.
United States · United States Congress · 12 February 2003
Corporate Patriot Enforcement Act of 2003 - Amends the Internal Revenue Code by determining that acquiring corporations in"corporate expatriation transactions" shall be considered domestic corporations. Defines a "corporate expatriation transaction" as, with certain exceptions, one in which a "nominally foreign corporation" acquires substantially all of the properties held by a domestic corporation and in which, immediately after the transaction, more than 80 percent of the stock of the acquiring corporation is held by former shareholders of the domestic corporation. Lowers the 80 percent threshold to 50 percent when the acquiring "nominally foreign corporation" lacks substantial business activities in the foreign country in which it was created and organized compared to the total activities of the "expanded affiliated group" and the stock is publicly traded, with the principal market of trading being the United States. Defines the terms "nominally foreign corporation" and "expanded affiliated group." Applies similar rules to partnership transactions. Establishes that a series of related transactions relevant to the Act shall be handled as a single transaction.
United States · United States Congress · 12 February 2003
Amends the Internal Revenue Code to repeal specified occupational taxes relating to distilled spirits, wine, and beer. Revises recordkeeping requirements for wholesale and retail liquor dealers. Makes it unlawful for any liquor dealer (except one selling beer exclusively) to purchase distilled spirits from any person other than a specified wholesale liquor dealer.
United States · United States Congress · 12 February 2003
Straight Talk on Social Security Act of 2003 - Amends the Social Security Act to require Social Security account statements to contain additional information, such as a statement of the current Social Security tax rates applicable to wages and self-employment income, including an indication of the combined total of such rates of employee and employer taxes with respect to wages.
United States · United States Congress · 12 February 2003
Small Business and Financial Institutions Tax Relief Act of 2003 - Amends the Internal Revenue Code to make a trust-individual retirement account (IRA) an eligible bank S corporation shareholder. Exempts from prohibited transaction rules any sale of stock in an IRA pursuant to a small business corporation's election to be an S corporation. Excludes from the definition of passive income for purposes of S status termination any interest income earned by or dividends on assets required to be held by a bank, a bank holding company, or a qualified subchapter S subsidiary bank. Increases to 150 the maximum number of shareholders a small business organization may have to be eligible to elect S corporation treatment. States that stock held by a bank director as required by banking regulations (director qualifying stock) shall not be considered a disqualifying second class of S corporation stock. Permits a bank which makes an S corporation election to recapture certain bad debt reserves in the year of election or the preceding year. Limits any special rules regarding corporate income preference items to the three years following S corporation election. Treats a husband and wife as one shareholder. Permits, and sets forth criteria for, an election to treat all members of a family as one shareholder. Permits the issuance of qualified preferred stock, which shall not be treated as second class stock. Makes any distribution (not in payment in exchange for stock) made by an S corporation with respect to qualified preferred stock includible as ordinary income of the holder and deductible to the corporation as an expense. Revises exceptions to the criteria for the treatment of certain wholly owned subchapter S subsidiaries with reference to required information returns. Provides for a charitable contribution basis adjustment of S corporation stock based upon the shareholder's pro rata share of adjusted basis.
United States · United States Congress · 12 February 2003
Small Business Investment Company Capital Access Act of 2003 - Amends the Internal Revenue Code to exclude from the definition of "acquisition indebtedness" specified debt-financed indebtedness incurred by a small business investment company.
United States · United States Congress · 12 February 2003
Corporate Patriot Enforcement Act of 2003 - Amends the Internal Revenue Code by determining that acquiring corporations in"corporate expatriation transactions" shall be considered domestic corporations. Defines a "corporate expatriation transaction" as, with certain exceptions, one in which a "nominally foreign corporation" acquires substantially all of the properties held by a domestic corporation and in which, immediately after the transaction, more than 80 percent of the stock of the acquiring corporation is held by former shareholders of the domestic corporation. Lowers the 80 percent threshold to 50 percent when the acquiring "nominally foreign corporation" lacks substantial business activities in the foreign country in which it was created and organized compared to the total activities of the "expanded affiliated group" and the stock is publicly traded, with the principal market of trading being the United States. Defines the terms "nominally foreign corporation" and "expanded affiliated group." Applies similar rules to partnership transactions. Establishes that a series of related transactions relevant to the Act shall be handled as a single transaction.
United States · United States Congress · 12 February 2003
SUV Business Tax Loophole Closure Act - Amends the Internal Revenue Code to include sports utility vehicles (SUVs) in the limitation on depreciation of certain luxury automobiles.
United States · United States Congress · 12 February 2003
America's Better Classroom Act of 2003 - Amends the Internal Revenue Code to provide: (1) a limited credit for qualified public school modernization bonds; (2) for qualified school construction bonds and qualified zone academy bonds and establish limits and allocation formulas for such bonds; and (3) corporations, a limited specialized training center credit. Amends the General Education Provisions Act to provide for the application of certain labor standards to projects financed under this Act. Amends the Workforce Investment Act of 1998 to establish provisions concerning employment and training activities related to the construction or reconstruction of public school facilities.
United States · United States Congress · 12 February 2003
Expand and Rebuild America's Schools Act of 2003 - Amends the Internal Revenue Code to allow a limited credit to taxpayers holding school construction bonds. Defines such bonds. Sets a national school construction bond limit.
United States · United States Congress · 12 February 2003
Self-Employed Health Equity Adjustment to Lower Tax Hindrance Act - Amends the Internal Revenue Code to allow taxpayers to take the health insurance deduction into account in determining net earnings from self-employment.
United States · United States Congress · 12 February 2003
Sales Tax Equity Act of 2003 - Amends the Internal Revenue Code to permit the deduction of State and local sales taxes in lieu of State and local income taxes.
United States · United States Congress · 12 February 2003
United States Independent Film and Television Production Incentive Act of 2003 - Amends the Internal Revenue Code to establish an annual tax credit for 25 percent of up to the first $25,000 of qualified wages paid or incurred per qualified U.S. independent film and television production. Increases the credit to 35 percent if the production is located in an area eligible for designation as a low-income community or eligible for designation by the Delta Regional Authority as a distressed county or isolated area of distress.
United States · United States Congress · 12 February 2003
Waives points of order to provide for the consideration of the conference report accompanying H.J. Res. 2 (making further continuing appropriations for FY 2003). Provides that upon adopting the conference report, the House shall have adopted H.Con. Res. 35 (making technical corrections in the enrollment of H.J. Res. 2).
United States · United States Congress · 11 February 2003
Amends the Internal Revenue Code (IRC) provision concerning the credit for producing fuel from a nonconventional source to provide, in general, that in the case of a facility for producing qualified fuel from landfill gas which is placed in service after June 30, 1998, and before January 1, 2008, the provision shall apply to fuel produced at such facility during the five-year period beginning on the later of: (1) the date such facility was placed in service; or (2) enactment. Amends the IRC provision concerning electricity produced from certain renewable sources to: (1) include landfill gas as a qualified energy resource; and (2) include, in the case of a facility using landfill gas to produce electricity, as a qualified facility any such facility owned by the taxpayer which is originally placed in service before January 1, 2008.
United States · United States Congress · 11 February 2003
Make College Affordable Act of 2003 - Amends the Internal Revenue Code to: (1) increase the deduction for higher education expenses by increasing the applicable dollar limit; and (2) allow a limited credit for interest paid on higher education loans.
United States · United States Congress · 11 February 2003
Waste to Energy Utilization Act of 2003 - Amends the Internal Revenue Code (IRC) provision concerning allowing a credit for electricity produced from certain renewable resources to add municipal solid waste to the definition of qualified energy resources.
United States · United States Congress · 11 February 2003
Arrow Excise Tax Simplification Act of 2003 - Amends the Internal Revenue Code to revise the excise tax provisions on bows, arrows, and other archery equipment.
United States · United States Congress · 11 February 2003
Amends the Internal Revenue Code to classify natural gas distribution lines as 10-year property for depreciation purposes.
United States · United States Congress · 11 February 2003
Amends the Internal Revenue Code to modify the credit for producing fuel from nonconventional sources to include as a qualified fuel liquid, gaseous, or solid fuels from qualified agricultural and animal waste, including such fuels when used as feedstocks.
United States · United States Congress · 11 February 2003
Resource Efficient Appliance Incentives Act of 2003 - Amends the Internal Revenue Code to establish a limited energy efficient appliance credit for the eligible production of qualified energy efficient appliances produced by a taxpayer.
United States · United States Congress · 11 February 2003
Armed Forces Tax Fairness Act of 2003 - Amends the Internal Revenue Code to establish special tax provisions applicable to military personnel, uniformed personnel and families of the Space Shuttle Columbia, including: (1) with respect to military and uniformed personnel, an extension of time to exclude gain from the sale of a principal residence, exclusion from income of certain death gratuity benefits, extending combat zone filing rules to contingency operations, and excluding certain dependent care assistance from income, and the deduction overnight travel expenses for National Guard and Reserve members; and (2) with respect to families of the Space Shuttle Columbia, providing the same tax relief provided to terrorist attack victims to families of the Columbia Space Shuttle. Suspends the tax-exempt status of a designated terrorist organization. Establishes IRS service user fee authority through September 30, 2013. Revises IRC expatriation tax provisions.
United States · United States Congress · 11 February 2003
Biodiesel Promotion Act of 2003 - Amends the Internal Revenue Code to establish a biodiesel fuels credit.
United States · United States Congress · 11 February 2003
Sales Tax Equitability Act of 2003 - Amends the Internal Revenue Code to permit the deduction of State and local sales taxes by residents of States which do not impose income taxes.
United States · United States Congress · 11 February 2003
Residential Solar Energy Act of 2003 - Amends the Internal Revenue Code to allow a credit, as specified, to holders of residential solar energy bonds. Defines such bonds.
United States · United States Congress · 11 February 2003
Cultural Radio Tax Credit Act of 2003 - Amends the Internal Revenue Code to allow income tax credits to the owner of a commercial radio station donating the station's license and other assets (a 125 percent credit for the license and a 100 percent credit for the assets) to a tax-exempt organization which agrees to operate the radio broadcasting station being donated to it as a for-profit venture, with profits dedicated to the support of non-profit fine arts and performing arts organizations in its service area.
United States · United States Congress · 11 February 2003
Amends Internal Revenue Code provisions concerning the special allowance for certain property acquired after September 10, 2001, and before September 11, 2004 to increase the 30 percent allowance to 100 percent.
United States · United States Congress · 11 February 2003
Small Business Health Fairness Act of 2003 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to revise provisions relating to access and choice for small business employers with respect to medical care for their employees. Establishes rules governing association health plans (group health plans whose sponsors are trade, industry, professional, chamber of commerce, or similar business associations), including requirements relating to certification, sponsors and boards of trustees, participation, coverage, plan documents, contribution rates, benefit options, applications for certification, notice for voluntary termination, corrective actions, and mandatory termination. Requires association health plans which provide health benefits in addition to health insurance coverage to maintain certain reserves and comply with other solvency provisions. Directs the Secretary of Labor to apply for appointment, and carry out specified duties, as trustee of any such insolvent association health plans which provide health benefits in addition to health insurance coverage. Allows a State to impose a contribution tax on any association health plan commencing operations in such State after the enactment of this Act. Requires association health plans to include in their summary plan descriptions, in connection with each benefit option, a description of the form of any solvency or guarantee fund protection secured under ERISA or applicable State law. Revises provisions relating to treatment of: (1) single employer arrangements; and (2) certain collectively bargained arrangements. Provides for association health plans with respect to: (1) enforcement; (2) cooperation between Federal and State authorities; and (3) treatment of certain existing health benefit programs.
United States · United States Congress · 11 February 2003
Flood Loss Mitigation Act of 2003 - Amends the National Flood Insurance Act of 1968 to authorize the Director of the Federal Emergency Management Agency to: (1) carry out mitigation activities that reduce flood damages to qualified repetitive loss structures; and (2) purchase such structures, but only for public or open space use that is consistent with sound land management and use policies. Requires the Director to determine for each fiscal year the portion of amounts in the National Flood Insurance Fund attributable to savings from such activities and purchases, which shall be available for such activities and purchases in that fiscal year. Allows the Director, after determining that 75 percent of such existing qualified repetitive loss structures have been provided mitigation that sufficiently reduces the risk of losses from flooding or have been purchased, to use up to 75 percent of the amount reserved for such activities and purchases for the costs of mapping activities. Allows the Director, in cases of such structures whose owners refused purchase or mitigation offers: (1) to deny the provision of new flood insurance coverage and to cancel existing coverage; or (2) to increase the chargeable risk premium rate for new coverage to an amount that is not more than the applicable estimated risk premium rate. Allows the Director to deny or cancel existing coverage for properties for which fraudulent claims have been made. Permits appeals by owners aggrieved by any such determinations.
United States · United States Congress · 11 February 2003
Renewable Energy Production Incentive Reform Act - Amends the Energy Policy Act of 1992 to modify renewable energy production incentive payment guidelines to provide that if there are insufficient appropriations to make full payments for electric production from all qualified renewable energy facilities in any given year, the Secretary of Energy shall assign 60 percent of appropriated funds for that year to facilities that use solar, wind, geothermal, or closed-loop (dedicated energy crops) biomass technologies to generate electricity, and assign the remaining 40 percent to other projects. Redefines a qualified renewable energy facility as one: (1) owned by certain tax-exempt electricity-generating cooperatives, certain public utilities, a State, territorial, or local governments or an Indian tribal government; and (2) which may involve electricity generation by landfill gas. Extends through FY 2013 the deadline for first use of a facility eligible for incentive payments.
United States · United States Congress · 11 February 2003
Armed and Foreign Services Tax Fairness Act of 2003 - Amends the Internal Revenue Code to authorize a member of the uniformed services or the Foreign Service serving on "qualified official extended duty" (any duty in excess of 90 days while serving at a duty station which is at least 50 miles from the principal residence or while residing under Government orders in Government quarters), to extend for ten years the five-year period utilized in determining full exclusion of gain from the sale of a principal residence.
United States · United States Congress · 11 February 2003
Homeowners' Benefit Protection Act of 2003 - Amends the Internal Revenue Code to provide for an annual inflation adjustment on the exclusion of the gain on the sale of a principal residence.
United States · United States Congress · 11 February 2003
Amends the Internal Revenue Code of 1986 to allow corporations to claim a charitable deduction for the donation of services, calculated at not more than $65 an hour, related to computer design or to computer technology or equipment (as defined by this Act).