Taxation

To require any amounts remaining in a Member's Representational Allowance at the end of a fiscal year to be deposited in the Treasury and used for deficit reduction or to reduce the Federal debt.

United States · United States Congress · 14 March 2005

Requires any amounts appropriated for a Representational Allowance for a Member of the House of Representatives which remain after all payments are made under such Allowance to be deposited in the Treasury and used for deficit reduction or, in fiscal years for which there is no Federal budget deficit, to reduce the Federal debt.

Providing for consideration of the bill (H.R. 1268) making emergency supplemental appropriations for the fiscal year ending September 30, 2005, and for other purposes.

United States · United States Congress · 14 March 2005

Sets forth the rule for consideration of the bill (H.R. 1268) making emergency supplemental appropriations for the fiscal year ending September 30, 2005.

A bill to amend the Internal Revenue Code of 1986 to provide for a small agri-biodiesel producer credit and to improve the small ethanol producer credit.

United States · United States Congress · 11 March 2005

Amends the Internal Revenue Code to revise the tax credit for biodiesel used as fuel to include a credit for the production of agri-biodiesel fuel equal to 10 cents for each gallon produced. Limits: (1) the amount of qualified agri-biodiesel production of a producer to 15 million gallons for any taxable year; and (2) eligible producers to those with a productive capacity not exceeding 60 million gallons. Revises the small ethanol producer tax credit to: (1) expand the eligibility of small ethanol producers for the credit; (2) exclude the credit from the definition of passive activity credit; and (3) exclude credit amounts from inclusion in gross income.

Education Funding Act of 2005

United States · United States Congress · 11 March 2005

Education Funding Act of 2005 - Amends the Internal Revenue Code to restore the phaseout of the personal tax exemption and the overall limitation on itemized tax deductions. Establishes in the Treasury the Education Trust Fund. Appropriates to such Fund 50 percent of the revenues raised by this Act for the purpose of funding education programs administered by the Department of Education to the degree that funding for such programs are increased from the FY 2005 level.

An original concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2006 and including the appropriate budgetary levels for fiscal years 2005 and 2007 through 2010.

United States · United States Congress · 11 March 2005

Sets forth the congressional budget for the Federal Government for FY 2006, including the appropriate budgetary levels for FY 2005 and 2007 through 2010. Lists recommended budgetary levels and amounts, for FY 2005 through 2010, with respect to: (1) Federal revenues; (2) new budget authority; (3) budget outlays; (4) deficits; (5) debt subject to limit; and (6) debt held by the public. Lists the appropriate levels of new budget authority, outlays, and administrative expenses for Social Security and specified major functional categories for FY 2005 through 2010. Sets forth reconciliation instructions for the Committees on: (1) Agriculture, Nutrition, and Forestry; (2) Banking, Housing, and Urban Affairs; (3) Commerce, Science, and Transportation; (4) Energy and Natural Resources; (5) Environment and Public Works; (6) Finance; and (7) Health, Education, Labor, and Pensions Requires the Committee on Finance to report a reconciliation bill to the Senate that increases the statutory debt limit. Provides for certain reserve funds for: (1) health information technology and pay-for-performance; (2) an Asbestos Injury Trust Fund; (3) the uninsured; (4) the Land and Water Conservation Fund; (5) the Federal Pell Grant Program; (6) higher education; (7) energy legislation; and (8) safe importation of prescription drugs. Provides for adjustments with respect to discretionary spending for surface transportation. Prohibits Senate legislation that would require advanced appropriations, with a specified exception. Enables Congress, if in the absence of an extension of the discretionary spending limits and PAYGO requirements under the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act), to designate provisions of legislation as an emergency (meeting specified criteria) in order to exempt such measures from enforcement of this resolution with respect to the new budget authority, outlays, and receipts resulting from them. Includes measures making supplemental appropriations for FY 2006 for overseas contingency operations related to the global war on terrorism. Continues the supermajority enforcement requirements of the Congressional Budget Act of 1974 as a Senate rule through FY 2010. Establishes specified discretionary spending limits in the Senate. Declares the sense of the Senate on: (1) precluding consideration of unauthorized appropriations; (2) establishing a committee to review the performance of programs; (3) granting access to TRICARE for members of the Department of Defense Reserve Components; (4) restraining Medicaid growth; (5) funding tribal colleges and universities; (6) supporting the President's request for Federal funding of State and local homeland security assistance programs; (7) rejecting the President's proposed elimination of per diem reimbursement to State Veterans Homes; (8) funding Impact Aid; and (9) modifying payment limitations in mandatory agricultural programs.

Establishing the congressional budget for the United States Government for fiscal year 2006, revising appropriate budgetary levels for fiscal year 2005, and setting forth appropriate budgetary levels for fiscal years 2007 through 2010.

United States · United States Congress · 11 March 2005

Sets forth the congressional budget for the Federal Government for FY 2006, including the appropriate budgetary levels for FY 2005 and 2007 through 2010. Lists recommended budgetary levels and amounts, for FY 2005 through 2010, with respect to: (1) Federal revenues; (2) new budget authority; (3) budget outlays; (4) deficits (on-budget); (5) debt subject to limit; and (6) debt held by the public. Lists the appropriate levels of new budget authority and outlays for specified major functional categories for FY 2005 through 2010. Sets forth reconciliation instructions for the Committees on: (1) Agriculture; (2) Education and the Workforce; (3) Energy and Commerce; (4) Financial Services; (5) the Judiciary; (6) Resources; (7) Transportation and Infrastructure; (8) Veterans' Affairs; and (9) Ways and Means. Requires the Committee on Ways and Means to report a reconciliation bill providing for revenue reduction. Provides for contingency procedures for surface transportation. States that if legislation is reported that makes supplemental appropriations for FY 2005 or 2006 for contingency operations related to the global war on terrorism, or for any emergency requirements, then the resulting new budget authority, new entitlement authority, outlays, and receipts shall not count for certain purposes of the Congressional Budget Act of 1974 (CBA) for the provisions of such measure that are designated as making appropriations for such contingency operations. Authorizes the House Committee on Appropriations to make a separate suballocation for general appropriations for the legislative branch for the first fiscal year of this resolution. Deems such allocation to be made under CBA and to be treated as such for all purposes under it. Declares the sense of Congress that concurrent resolutions on the budget for FY 2007 through 2010 should include reconciliation instructions to committees biennially to achieve significant savings in mandatory spending.

OVERSIGHT OF THE RURAL HOUSING SERVICE AND ITS FISCAL YEAR 2006 BUDGET

United States · United States House of Representatives · 10 March 2005

FISCAL YEAR 2006 DRUG CONTROL BUDGET AND THE BYRNE GRANT, HIDTA AND OTHER LAW ENFORCEMENT PROGRAMS: ARE WE JEOPARDIZING FEDERAL, STATE AND LOCAL COOPERATION?

United States · United States House of Representatives · 10 March 2005

ENERGY AND WATER, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2006

United States · United States Senate · 10 March 2005

DEPARTMENT OF THE INTERIOR AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2006

United States · United States Senate · 10 March 2005

Foreign Affairs Authorization Act, Fiscal Years 2006 and 2007

United States · United States Congress · 10 March 2005

Foreign Affairs Authorization Act, Fiscal Years 2006 and 2007 - Foreign Relations Authorization Act, Fiscal Years 2006 and 2007 - Authorizes FY 2006 and 2007 appropriations for: (1) the Department of State; and (2) U.S. international broadcasting activities. Revises provisions respecting Department: (1) authorities and activities, including protective and security functions, grants, establishment of a Victims of Crime Office, and educational programs in the Islamic world; and (2) personnel. Limits the U.S. share for United Nations (UN) peacekeeping operations. International Broadcasting Authorization Act, Fiscal Years 2006 and 2007 - Amends the United States International Broadcasting Act of 1994 to: (1) make funds available available to Middle East Broadcasting Networks; (2) extend funding for Radio Free Asia; and (3) pay personnel dependent school costs in the Commonwealth of the Northern Mariana Islands. Amends the Radio Broadcasting to Cuba Act to enhance broadcasting to Cuba. Reconstruction and Stabilization Civilian Management Act of 2005 - Amends the Foreign Assistance Act of 1961 to authorize the President to provide reconstruction and stabilization assistance. Amends the State Department Basic Authorities Act of 1956 to direct the Secretary of State to establish within the Department an Office of the Coordinator for Reconstruction and Stabilization. Foreign Assistance Authorization Act, Fiscal Years 2006 and 2007 - Authorizes FY 2006 and 2007 appropriations for: (1) development assistance and related programs; (2) counternarcotics, security assistance, and related programs; and (3) independent agencies. Amends the Foreign Assistance Act of 1961 respecting: (1) development policy; (2) nongovernmental organizations; (3) unanticipated contingencies; (4) lethal excess property; (5) reconstruction and famine assistance; (6) the Independent States of the former Soviet Union; (7) war reserve stockpiles for allies; (8) economic support funds for Lebanon; (9) demining programs; (10) military coups; (11) alternative dispute resolution; (12) law enforcement assistance; (13) debt relief for the poorest countries; (14) Congo Basin Forest Partnership; (15) landmine clearance; (16) Middle East Foundation; and (17) Millennium Challenge assistance. Amends the Arms Export Control Act, including provisions respecting: (1) FREEDOM Support Act waiver authority; and (2) Pakistan, Indonesia, and Haiti. Radiological Terrorism Security Act of 2005 - Sets forth provisions respecting: (1) embassy threat assessments; and (2) foreign first responders. Global Pathogen Surveillance Act of 2005 - Provides assistance for specified pathogen surveillance, personnel training, and regional health programs. Safe Water: Currency for Peace Act of 2005 - Amends the Foreign Assistance Act of 1961 to: (1) authorize the President to provide assistance to improve water access and sanitation; and (2) establish a clean water infrastructure development program. Protection of Vulnerable Populations During Humanitarian Emergencies Act of 2005 - Directs the Secretary to develop a protection strategy for vulnerable populations, especially women and children, during humanitarian emergencies. Amends the Foreign Assistance Act of 1961 to authorize the President to provide assistance to protect vulnerable populations during humanitarian emergencies. Expresses the sense of Congress that the UN should strengthen its ability to protect civilians, especially women and children, from sexual exploitation by peace mission personnel. Conventional Arms Disarmament Act of 2005 - Directs the Secretary to carry out a global program to secure or eliminate stocks of man-portable air defense systems (MANPADS), other conventional weapons, and tactical missile systems that pose a proliferation threat.

A bill to amend the Internal Revenue Code of 1986 to include combat pay in determining an allowable contribution to an individual retirement plan.

United States · United States Congress · 10 March 2005

Amends the Internal Revenue Code to include combat zone compensation (otherwise excludable from gross income) as earned income for purposes of calculating the tax deduction for contributions to retirement savings plans.

Encouraging Work Act of 2005

United States · United States Congress · 10 March 2005

Encouraging Work Act of 2005 - Amends the Internal Revenue Code to consolidate and modify provisions of the work opportunity tax credit and the welfare-to-work tax credit and make the consolidated tax credit permanent. Expands eligibility for the consolidated tax credit by: (1) determining eligibility of ex-felons without regard to family income; and (2) raising the age ceiling for food stamp recipients from 25 to 40. Includes a "designated community resident" (in lieu of "high risk youth") and "long-term family assistance recipient" as members of the targeted group eligible for the consolidated tax credit. Provides for an increased tax credit for employment of long-term family assistance recipients. Repeals the separate welfare-to-work tax credit.

Ronald Reagan Alzheimer's Breakthrough Act of 2005

United States · United States Congress · 10 March 2005

Ronald Reagan Alzheimer's Breakthrough Act of 2005 - Amends the Public Health Service Act to make Alzheimer's disease research a priority within the National Institute on Aging. Requires the Director of the Institute to: (1) undertake an Alzheimer's Disease Prevention Initiative to accelerate the discovery of new risk and protective factors, to rapidly identify therapies and preventive interventions, and to implement effective prevention and treatment strategies; (2) conduct and support cooperative clinical research regarding Alzheimer's; and (3) conduct research concerning early detection and diagnosis, the relationship between Alzheimer's and vascular disease, and interventions designed to help caregivers. Authorizes the Director to establish a National Alzheimer's Coordinating Center to facilitate collaboration among Alzheimer's Disease Centers and Alzheimer's Disease Research Centers. Requires the Secretary of Health and Human Services, acting through the Director of the Centers for Disease Control and Prevention (CDC), to educate the public and public health community regarding Alzheimer's disease. Authorizes the Secretary to award grants or cooperative agreements to develop coordinated respite care programs on a statewide basis. Defines "respite care" to mean planned or emergency care provided to a child or adult with a special need in order to provide temporary relief to the family caregiver of such child or adult. Directs the Secretary to award a grant or cooperative agreement to a public or private nonprofit entity to establish a National Resource Center on Lifespan Respite Care. Amends the Internal Revenue Code to allow: (1) a nonrefundable tax credit for each individual certified as having long-term care needs and for whom the taxpayer is acting as a caregiver; (2) a tax deduction for long-term care premiums paid under a qualified insurance contract; and (3) qualified long-term care insurance to be offered in a cafeteria plan and flexible spending arrangements.

To amend the Farm Security and Rural Investment Act of 2002 to extend contracts for national dairy market loss payments through fiscal year 2007, to increase the payment quantity authorized under such contracts, and for other purposes.

United States · United States Congress · 10 March 2005

Amends the Farm Security and Rural Investment Act of 2002 with respect to national dairy market loss payments to: (1) extend, by two years, program sign-up and contract periods; (2) double single dairy operation payment quantities; (3) increase payment amounts; and (4) terminate such increases as of September 30, 2007.

Corporate Accountability Tax Gap Act of 2005

United States · United States Congress · 10 March 2005

Corporate Accountability Tax Gap Act of 2005 - Amends the Internal Revenue Code to provide for public disclosure of certain information of publicly traded corporations, including: (1) net corporate income tax and taxable income as shown on the corporation's current year tax return; (2) adjusted book income; and (3) differences between taxable income and adjusted book income due to certain transactions, depreciation differences, stock options, and other factors. Directs the Secretary of the Treasury to conduct a study of corporate tax shelter activity.

Cool and Efficient Buildings Act

United States · United States Congress · 10 March 2005

Cool and Efficient Buildings Act - Amends the Internal Revenue Code to allow a 20-year depreciation recovery period, calculated on a straight line basis, for heating, ventilation, air conditioning, or commercial refrigeration systems installed in nonresidential buildings.

Legal Benefits Tax Fairness Act of 2005

United States · United States Congress · 10 March 2005

Legal Benefits Tax Fairness Act of 2005 - Amends the Internal Revenue Code to restore, make permanent, and eliminate the dollar limitation for the tax exclusion for amounts received under a qualified group legal services plan.

Children's Hospitals Education Equity and Research (CHEER) Act of 2005

United States · United States Congress · 10 March 2005

Children's Hospitals Education Equity and Research (CHEER) Act of 2005 - Amends the Public Health Service Act to require the Secretary of Health and Human Services to make payments through FY 2010 (currently, through FY 2005) to children's hospitals for expenses associated with operating approved graduate medical residency training programs. Excludes reductions for unused resident positions when calculating the number of full-time residents in a children's hospital's approved training program for purposes of reimbursing direct expenses. Requires the Secretary to adjust the proportion of such a hospital's costs attributable to wages for differences in hospital wage levels by geographic area. Authorizes appropriations through FY 2010 for direct and indirect expenses associated with operating such programs. Requires that funds appropriated for such programs for a fiscal year remain available for obligation through the end of the succeeding fiscal year. Limits the ability to recoup funds unless a demand for recoupment is made by the end of the fiscal year. Sets forth an appeals procedure and limitations on retroactivity for decisions affecting the amount of payments to a hospital for such programs.

To amend the Internal Revenue Code of 1986 to extend the tax incentives for biodiesel.

United States · United States Congress · 10 March 2005

Amends the Internal Revenue Code to extend until December 31, 2010, the tax credit for biodiesel used as fuel.

Save America's Valuable Energy Resources Act of 2005

United States · United States Congress · 10 March 2005

Save America's Valuable Energy Resources Act of 2005 - Amends the Internal Revenue Code to establish tax credits for: (1) qualified energy efficient improvements to existing homes; and (2) the construction of qualified new energy efficient homes. Allows a tax deduction for energy efficient commercial building property expenditures.

DEPARTMENT OF DEFENSE AUTHORIZATION FOR APPROPRIATIONS FOR FISCAL YEAR 2006

United States · United States Senate · 9 March 2005

DEPARTMENT OF HOMELAND SECURITY'S BUDGET SUBMISSION FOR FISCAL YEAR 2006

United States · United States Senate · 9 March 2005

DEPARTMENT OF DEFENSE APPROPRIATIONS FOR FISCAL YEAR 2006

United States · United States Senate · 9 March 2005

Educational Opportunity for All Act of 2005

United States · United States Congress · 9 March 2005

Educational Opportunity for All Act of 2005 - Amends the Internal Revenue Code to allow a refundable tax credit for qualfied tuition expenses. Defines "qualified tuition expenses" as tuition required for the enrollment of the taxpayer, the taxpayer's spouse or dependents at an institution of higher learning. Limits the annual amount of such credit to $4,000 per student.

Medicare Prescription Drug Cost Containment Act of 2005

United States · United States Congress · 9 March 2005

Medicare Prescription Drug Cost Containment Act of 2005 - Directs the Secretary of Health and Human Services, on the same date on which the President submits a budget to Congress, to submit to Congress a determination on the following: (1) whether there is projected to be excess general revenue Medicare prescription drug funding for the fiscal year for which the budget is submitted; or (2) whether there was excess general revenue Medicare prescription drug funding in the prior fiscal year. States that, if there is an affirmative determination on either question, it shall be treated as a Medicare part D (Voluntary Prescription Drug Benefit Program) funding warning in the fiscal year during which the determination is submitted to Congress. Amends Federal money and finance law, as amended by the Medicare Prescription Drug, Improvement, and Modernization Act of 2003, to direct the President to submit to Congress, within 15 days after the budget submission, proposed legislation to respond to such a Medicare part D funding warning. States that such requirement shall not apply if, during the year in which the warning is made, legislation is enacted which eliminates excess general revenue Medicare funding for the period beginning with the fiscal year for which the determination is made and ending on September 30, 2013. Expresses the sense of Congress that any such submitted legislation should be designed to eliminate excess general revenue Medicare funding for such period. Sets out the special procedures for House and Senate consideration of the President's legislative proposal in response to such a warning.

A bill to amend the Internal Revenue Code of 1986 to allow certain modifications to be made to qualified mortgages held by a REMIC or a grantor trust.

United States · United States Congress · 9 March 2005

Amends the Internal Revenue Code to permit certain amendments, waivers, or other modifications to mortgages held by a Real Estate Mortgage Investment Conduit (REMIC) or a Grantor Trust without disqualifying such mortgages as REMIC or Grantor Trust mortgages. Permits amendments, waivers, or modifications that do not: (1) extend the final maturity date of a mortgage; (2) increase the outstanding balance of the mortgage; (3) result in the release of an interest in real property securing the mortgage; or (4) result in an instrument or property right which is not debt for Federal income tax purposes. Exempts such amendments, waivers, or modifications from the penalty for prohibited transactions.

A bill to amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of certain disaster mitigation payments.

United States · United States Congress · 9 March 2005

Amends the Internal Revenue Code to exclude from gross income disaster mitigation payments paid pursuant to the Robert T. Stafford Disaster Relief and Emergency Assistance Act or the National Flood Insurance Act.

A bill to amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of certain disaster mitigation payments.

United States · United States Congress · 9 March 2005

Amends the Internal Revenue Code to exclude from gross income disaster mitigation payments paid pursuant to the Robert T. Stafford Disaster Relief and Emergency Assistance Act or the National Flood Insurance Act.

American Health Security Act of 2005

United States · United States Congress · 9 March 2005

American Health Security Act of 2005 - Establishes the State-Based American Health Security Program to provide every U.S. resident who is a U.S. citizen, national, or lawful resident alien with health care services. Requires each participating State to establish a State health security program. Eliminates benefits under: (1) titles XVIII (Medicare), XIX (Medicaid), and XXI (State Children's Health Insurance) (SCHIP) of the Social Security Act; (2) the Federal Employees Health Benefits Program; and (3) the Civilian Health and Medical Program of the Uniformed Services (CHAMPUS). Requires each State health security program to prohibit the sale of health insurance in that State that duplicates benefits provided under the program. Establishes the American Health Security Standards Board to: (1) develop policies, procedures, guidelines and requirements to carry out this Act; (2) establish uniform reporting requirements; (3) provide for an American Health Security Advisory Council and an Advisory Committee on Health Professional Education; and (4) establish a national health security budget specifying the total Federal and State expenditures to be made for covered health care services. Establishes the American Health Security Quality Council to: (1) review and evaluate practice guidelines, standards of quality, performance measures, and medical review criteria; and (2) develop minimum competence criteria. Establishes the Office of Primary Care and Prevention Research within the Office of the Director of the National Institutes of Health (NIH). Amends the Internal Revenue Code to create the American Health Security Trust Fund and appropriates to the Fund specified tax liabilities and current health program receipts.

Alternative Minimum Tax Repeal Act of 2005

United States · United States Congress · 9 March 2005

Alternative Minimum Tax Repeal Act of 2005 - Amends the Internal Revenue Code to repeal the alternative minimum tax for individual and corporate taxpayers .

MILITARY CONSTRUCTION AND VETERANS AFFAIRS, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2006

United States · United States Senate · 8 March 2005

MILITARY CONSTRUCTION AND VETERANS AFFAIRS, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2006

United States · United States Senate · 8 March 2005

Federal Insurance Budgeting Act of 2005

United States · United States Congress · 8 March 2005

Truth in Budgeting and Social Security Protection Act of 2005 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) (BBEDC) to extend discretionary spending caps and pay-as-you-go (PAYGO) requirements. Amends the Congressional Budget Act of 1974 (CBA) to prescribe authority and criteria for designation of emergency requirements, as well as points of order against such a designation. Amends BBEDC to extend indefinitely certain budget enforcement mechanisms of discretionary spending limits (caps). Amends CBA to require: (1) proposed legislation to contain a projection by the Congressional Budget Office (CBO) of the cost of debt servicing for measures; (2) conference reports to contain amounts allocated to the Committee on Appropriations subcommittees; and (3) the CBO to report on proposed legislation or conference reports by any committee that contain cost riders that are likely to increase the cost path of a measure. Requires the President to report to specified congressional committees in January of each year on the fiscal exposures of the Federal Government and their implications for long-term financial health. Federal Insurance Budgeting Act of 2005 - Requires that, starting FY 2008, the President's budget submission to Congress be based upon the risk-assumed cost of Federal insurance programs for accrual budgeting purposes. Amends cost requirements of Federal insurance programs. Requires agencies responsible for Federal insurance programs to develop models to estimate their risk-assumed cost by year. Amends CBA to revise the Federal and congressional budget processes by establishing a two-year budgeting and appropriations cycle and timetable. Defines the budget biennium as the two consecutive fiscal years beginning on October 1 of any odd-numbered year. Establishes the Commission on Federal Budget Concepts.

Safe Streets and Highways Act of 2005

United States · United States Congress · 8 March 2005

Safe Streets and Highways Act of 2005 - Directs the Secretary of Transportation to carry out a highway safety improvement program to achieve a significant reduction in traffic fatalities and serious injuries on public roads. Requires a State, to obligate Federal funds apportioned to it, to have in effect a highway safety improvement program under which the State: (1) develops and implements a strategic highway safety plan that identifies and analyzes highway safety problems and opportunities; (2) produces a program of projects or strategies to reduce identified safety problems; (3) evaluates the plan regularly to ensure the accuracy of the data and priority of proposed improvements; and (4) submits to the Secretary an annual report describing not less than 25 percent of the locations exhibiting the most severe safety needs. Includes among eligible projects any highway safety improvement project on a public road or publicly owned bicycle or pedestrian pathway or trail. Authorizes a State to use up to 25 percent of funding under this Act to carry out safety projects under other Federal highway provisions as provided in the State strategic highway safety plan. Requires a State to allocate a certain amount of funds for bicycle and pedestrian improvements based on a specified formula. Authorizes appropriations to States to improve traffic signs and pavement markings for older drivers and pedestrians. Specifies the apportionment formula for the program. Makes at least $200 million available for each fiscal year for the elimination of hazards and the installation of protective devices at railway-highway crossings.

Lifetime Savings Account Act of 2005

United States · United States Congress · 8 March 2005

Lifetime Savings Account Act of 2005 - Amends the Internal Revenue Code to create a tax-exempt trust to be known as a "Lifetime Savings Account" for the benefit of an individual taxpayer or his beneficiaries. Allows an individual taxpayer to make cash contributions up to $5,000 each year to such trusts. Prohibits: (1) investment of trust assets in life insurance contracts; and (2) commingling of trust assets with any other property except in a common trust or investment fund. Provides for an annual cost-of-living adjustment to the contribution amount after 2006. Excludes from gross income distributions from a Lifetime Savings Account. Allows tax-free rollovers to a trust from: (1) another account of the trust beneficiary if the rollover from such other account is completed within 60 days of the date of distribution; (2) from a Lifetime Savings Account of the spouse of the trust beneficiary if the rollover from the spouse's account is completed within 60 days of the date of distribution; (3) from a qualified state tuition plan or a Coverdell education savings account before January 1, 2007.

Retirement Savings Account Act

United States · United States Congress · 8 March 2005

Retirement Savings Account Act - Amends the Internal Revenue Code to replace Roth Individual Retirement Account provisions with Retirement Savings Account (RSA) provisions. Allows cash only contributions to RSAs up to the lesser of $5,000 (adjusted for inflation) or the taxpayer's compensation includible in gross income for a taxable year. Allows tax free distributions from RSAs after the account beneficiary attains age 58, dies, or becomes disabled.. Allows conversions of individual retirement accounts (IRAs) into RSAs and provides special rules for the tax treatment of amounts converted into an RSA prior to 2007. Requires a five-year holding period for amounts converted to an RSA from an IRA or an Employer Retirement Savings Account.

A bill to amend the Internal Revenue Code of 1986 to provide for employer retirement savings accounts, and for other purposes.

United States · United States Congress · 8 March 2005

Amends the Internal Revenue Code to permit a tax-exempt employee benefit contribution plan to include an employer retirement savings account arrangement. Sets forth requirements for such an arrangement, including rules relating to: (1) employer contributions; (2) restrictions on distributions and length of service; (3) nonforfeitability; (4) nondiscrimination standards; (5) matching contributions; (6) notice requirements; (7) withdrawal and vesting restrictions; (8) excess contributions; (9) distributions upon termination of a plan; and (10) small employers.

To amend the Internal Revenue Code of 1986 to clarify the small issuer exception from the tax-exempt bond arbitrage rebate requirement.

United States · United States Congress · 8 March 2005

Amends the Internal Revenue Code to revise provisions concerning the small ($5 million or less) issuer exception from the tax exempt bond arbitrage rebate requirement.

To amend the Internal Revenue Code of 1986 to provide for employer retirement savings accounts, and for other purposes.

United States · United States Congress · 8 March 2005

Amends the Internal Revenue Code to permit a tax-exempt employee benefit contribution plan to include an employer retirement savings account arrangement. Sets forth requirements for such an arrangement, including rules relating to: (1) employer contributions; (2) restrictions on distributions and length of service; (3) nonforfeitability; (4) nondiscrimination standards; (5) matching contributions; (6) notice requirements; (7) withdrawal and vesting restrictions; (8) excess contributions; (9) distributions upon termination of a plan; and (10) small employers.

To amend the Internal Revenue Code of 1986 to provide a credit to individuals for certain long-term care expenses.

United States · United States Congress · 8 March 2005

Amends the Internal Revenue Code to allow individual taxpayers a tax credit for certain long-term health care insurance premiums and expenses paid for the taxpayer, the taxpayer's spouse or dependents. Limits the amount of such credit to $1,000 per year ($2,000 for joint returns).

Health and Higher Education Facilities Improvement Act of 2005

United States · United States Congress · 8 March 2005

Health and Higher Education Facilities Improvement Act of 2005 - Amends the Internal Revenue Code to allow a small tax-exempt bond issuer, the proceeds of the obligations of which are to be used to make or finance eligible loans for health care or educational purposes, to elect to apply specified current limitations on the amount of obligations by treating each borrower as the issuer of a separate issue.

Abandoned Mine Land Area Redevelopment Act of 2005

United States · United States Congress · 8 March 2005

Abandoned Mine Land Area Redevelopment Act of 2005 - Amends the Internal Revenue Code to allow a tax credit for investment in abandoned mine land area redevelopment bonds. Sets forth rules and formulae for the tax credit relating to the applicable credit rate, bond issuance and redemption, the amount of bonds designated, and a national volume cap. Specifies the purposes for such bonds, including: (1) the purchase, restoration, and redevelopment of abandoned mine land areas; (2) the cleanup of waterways on abandoned mine land areas from acid mine drainage and other pollution: (3) the provision of financial and technical assistance for infrastructure construction and upgrades on abandoned mine land areas; (4) research and development; and (5) other environmental and economic development relating to abandoned mine land areas.

Retirement Savings Account Act

United States · United States Congress · 8 March 2005

Retirement Savings Account Act - Amends the Internal Revenue Code to replace Roth Individual Retirement Account provisions with Retirement Savings Account (RSA) provisions. Allows cash only contributions to RSAs up to the lesser of $5,000 (adjusted for inflation) or the taxpayer's compensation includible in gross income for a taxable year. Allows tax free distributions from RSAs after the account beneficiary attains age 58, dies, or becomes disabled.. Allows conversions of individual retirement accounts (IRAs) into RSAs and provides special rules for the tax treatment of amounts converted into an RSA prior to 2007. Requires a five-year holding period for amounts converted to an RSA from an IRA or an Employer Retirement Savings Account.

Lifetime Savings Account Act of 2005

United States · United States Congress · 8 March 2005

Lifetime Savings Account Act of 2005 - Amends the Internal Revenue Code to create a tax-exempt trust to be known as a "Lifetime Savings Account" for the benefit of an individual taxpayer or his beneficiaries. Allows an individual taxpayer to make cash contributions up to $5,000 each year to such trusts. Prohibits: (1) investment of trust assets in life insurance contracts; and (2) commingling of trust assets with any other property except in a common trust or investment fund. Provides for an annual cost-of-living adjustment to the contribution amount after 2006. Excludes from gross income distributions from a Lifetime Savings Account. Allows tax-free rollovers to a trust from: (1) another account of the trust beneficiary if the rollover from such other account is completed within 60 days of the date of distribution; (2) from a Lifetime Savings Account of the spouse of the trust beneficiary if the rollover from the spouse's account is completed within 60 days of the date of distribution; (3) from a qualified state tuition plan or a Coverdell education savings account before January 1, 2007.

Elimination of Double Subsidies for the Hardrock Mining Industry Act of 2005

United States · United States Congress · 7 March 2005

Elimination of Double Subsidies for the Hardrock Mining Industry Act of 2005 - Amends the Internal Revenue Code to disallow the percentage depletion allowance for hardrock mines located on land currently subject to the general mining laws, or on land patented under such laws. Establishes in the Treasury the Abandoned Mine Reclamation Trust Fund. Appropriates to such Fund amounts equal to 25 percent of the additional revenues received due to the disallowance of the depletion allowance for hardrock mines proposed by this Act. Prescribes guidelines under which such Fund shall be available to the Secretary of the Interior for reclamation and restoration of lands and water resources adversely affected by mineral and mineral material mining (excluding coal and fluid minerals).

Saving Social Security Act of 2005

United States · United States Congress · 7 March 2005

Saving Social Security Act of 2005 - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act (SSA) to add a new part B (Investment-Based Social Security) outlining a new program to allow any individual born on or after January 1, 1963, and meeting certain criteria, to receive Social Security benefits from a portion of their wages or self-employment income that has been contributed to a designated Social Security savings account for employees (SAFE Account) for investment. Guarantees a total monthly benefit to be not less than the monthly benefit promised under the current OASDI program (which is redesignated as part A (Debt-Based Social Security)). Allows certain individuals to elect to waive SAFE account eligibility. Establishes in the Treasury a SAFE Investment Fund which shall be maintained in the same manner as the Thrift Savings Fund (for federal employees and Members of Congress) and in which a SAFE Account for each such investing individual shall be established. Requires the Fund to charge each investing worker in the Fund a single, uniform annual administrative fee not to exceed 0.57% of the value of the assets invested in the worker's SAFE Account. Prescribes requirements for the timing of distributions from the SAFE Account of an investing worker. Requires transfer to the Federal Old-Age and Survivors Insurance Trust Fund, on the determined distribution date, of so much of the balance in an investing worker's SAFE Account as does not exceed the old-age insurance amount. Entitles the investing worker to a federal annuity payment. Requires payment to the worker, in the manner and amounts the worker determines, of any funds remaining in an investment worker's SAFE Account after such transfer. Establishes within the Social Security Administration a Social Security Investment Board to maintain SAFE Accounts and the SAFE Investment Fund in the same manner as the Thrift Savings Accounts and the Thrift Savings Fund are maintained by the Thrift Savings Board. Amends the Internal Revenue Code to: (1) provide for a minimum monthly Social Security benefit; (2) exempt the SAFE Investment Fund and each SAFE Account from income taxation; (3) subject a personal Social Security savings account to certain other taxes; (4) treat any federal annuity payment under the new part B program as a Social Security benefit for purposes of Social Security and tier 1 railroad retirement benefits; and (5) include any distribution of excess assets from a SAFE Account in gross income. Amends SSA to make necessary additional fiscal year appropriations to the Social Security Trust Funds to maintain adequate balances.

Native American Connectivity Act

United States · United States Congress · 7 March 2005

Native American Connectivity Act - Establishes within the National Telecommunications and Information Administration a Native American telecommunications block grant program to provide grants on a competitive basis to an Indian tribe or organization, tribal college or university, or institution of higher education acting jointly with an Indian tribe to carry out activities for the development of telecommunications capacities in Indian country. Authorizes the Secretary of Commerce to provide training and technical assistance grants to: (1) facilitate local use and maintenance of new telecommunications technologies; (2) develop and implement telecommunications and information technology (TCIT) work study programs and related education, development, planning, and management programs; (3) develop a training program for telecommunications employees; or (4) provide assistance to students who participate in TCIT programs. Provides for: (1) fiscal year block grant set-asides for the training and technical assistance grants; (2) Comptroller General audits of grant fund uses; (3) environmental compliance in the development of telecommunications facilities; and (4) remedies for noncompliance with block grant requirements.

A bill to amend the Internal Revenue code of 1986 to extend for 5 years the credit for electricity produced from certain renewable resources, and for other purposes.

United States · United States Congress · 7 March 2005

Amends the Internal Revenue Code to: (1) extend through 2010 the tax credit for electricity produced from certain renewable resources (e.g., wind, biomass, poultry waste); (2) allow certain organizations, including tax-exempt organizations, State and local governments, and Indian tribal governments, to sell unused amounts of such tax credit.

A bill to amend the Internal Revenue Code of 1986 to expand the availability of the cash method of accounting for small businesses, and for other purposes.

United States · United States Congress · 7 March 2005

Amends the Internal Revenue Code to exempt certain small business taxpayers from the requirements of using the accrual method of accounting and of using inventories. Allows such taxpayers to use a cash method of accounting if they meet the gross receipts test and are not engaged in farming as a corporation. Increases the amount of the gross receipts test to $10 million (currently, $5 million) and permits an annual inflation adjustment of that amount.