Taxation

Senior Citizens Income Security Act of 2011

United States · United States Congress · 16 March 2011

Senior Citizens Income Security Act of 2011 - Amends the Internal Revenue Code to: (1) to replace the formula for including social security benefits in gross income for income tax purposes with the formula in existence prior to the enactment of the Omnibus Budget Reconciliation Act of 1993; (2) eliminate mandatory withdrawals from retirement accounts after age 70-1/2; (3) eliminate employment taxes on individuals receiving social security retirement and Medicare benefits; and (4) allow an exclusion from gross income, up to $250 ($500 for joint returns), for dividends, interest, and capital gains. Appropriates additional amounts to the Hospital Insurance Trust Fund to compensate for losses in revenue resulting from the revision of the formula for including social security benefits in gross income. Amends title II (Old-Age, Survivors, and Disability Insurance Benefits) of the Social Security Act to require the Secretary of Health and Human Services (HHS) to establish a procedure for allowing Medicare beneficiaries to waive Medicare entitlements and be automatically enrolled in the Medicare Alternative Voucher Program established by this Act. Requires the authority of the Department of the Treasury to pay the principal and interest on debt held by the public, and the authority of the Commissioner of Social Security to pay monthly old-age, survivors', and disability insurance benefits under title II of the Social Security Act, to take priority over all other obligations incurred by the government in the event the federal debt reaches the statutory limit.

Tax Free Tips Act of 2011

United States · United States Congress · 16 March 2011

Tax Free Tips Act of 2011- Amends the Internal Revenue Code to exempt tips from the income tax, social security and railroad retirement taxes, unemployment taxes, and tax withholding. Defines "tips" as any gratuity provided to a salaried employee by a customer or client of the employer's business.

Welfare Reform Act of 2011

United States · United States Congress · 16 March 2011

Welfare Reform Act of 2011 - Welfare Reform Restoration Act - Amends part A (Temporary Assistance for Needy Families) (TANF) of title IV of the Social Security Act to revise the TANF program by: (1) eliminating the temporary modification of the caseload reduction credit, and (2) reducing funding of state family assistance grants. Amends the Food and Nutrition Act of 2008 to: (1) restore its former name, the Food Stamp Act of 1977, and restore its text as if the Food, Conservation, and Energy Act of 2008 had not been enacted; (2) rename supplemental nutrition assistance program benefits as the food stamp program; (3) revise work requirements for the food stamp program; and (4) require able-bodied work eligible adult members of a family unit to participate in a work activation program during a full month of participation in the food stamp program, fulfilling specified levels of work activity during that month. (Work activation means, not employment, but supervised job search, community service activities, education and job training, workfare, or drug and alcohol treatment.) Specifies a financial reward for any state that reduces its food stamp caseload below calendar 2006 levels. Requires the President to include means-tested welfare spending in every budget submission. Amends the Congressional Budget and Impoundment Control Act of 1974 and the Congressional Budget Act of 1974 to define and establish an aggregate cap for means-tested welfare spending. Directs the Secretary of Health and Human Services (HHS) to provide grants to states to reward reductions in poverty and government dependence and increases in self-sufficiency. Prohibits the expenditure for abortions, with certain exceptions, of any funds authorized or appropriated by federal law, and funds in any trust fund to which funds are authorized or appropriated by federal law. Prohibits funding for health benefits plans that cover abortion. Prohibits the allowance of any tax credit with respect to amounts paid or incurred for an abortion or with respect to amounts paid or incurred for a health benefits plan (including premium assistance) that includes coverage of abortion.

TIFIA Expansion Act of 2011

United States · United States Congress · 16 March 2011

TIFIA Expansion Act of 2011 - Revises Transportation Infrastructure Finance and Innovation Act (TIFIA) program requirements to make eligible for TIFIA funding any projects that: (1) are for the design, acquisition, construction, or rehabilitation of one or more transportation projects that reduce emissions of greenhouse gases or have a positive impact on traffic congestion; and (2) receive not more than 30% of their funding for capital costs from federal public transportation grant funds. Defines "master credit agreement" as one entered into between the Secretary of Transportation (DOT) and an obligor for such projects that: (1) makes contingent commitments of one or more secured loans or other federal credit instruments at future dates, (2) establishes the amounts and general terms and conditions of such loans or other instruments as well as identifies dedicated revenue sources that will secure their repayment, and (3) provides for the obligation of funds for the loans or other instruments after certain federal requirements have been met. Requires such projects to meet certain planning and programming requirements (as under current law) at the time that loan proceeds are disbursed or other credit assistance is provided pursuant to the master credit agreement. Makes projects with eligible costs reasonably anticipated to equal or exceed $1 billion (mega transportation projects) eligible for federal transportation infrastructure funding. Revises terms of secured loans and lines of credit used to finance certain transportation infrastructure projects to increase the maximum loan amount for such projects from the lesser of 33% to the lesser of 49% of the reasonably anticipated eligible project costs or (as under current law), if the loan does not receive an investment grade rating, the amount of the senior project obligations. Authorizes the Secretary to allow a 1% reduction in the interest rate for such loans if the ordinary interest rate has increased by more than 1% between the time the Secretary signs the master credit agreement and the time at which the secured loan is made with respect to a project that is the subject of the master credit agreement. Allows a 1.5% reduction in the interest rate for a secured loan with respect to a project only using clean construction equipment. Defines "clean construction equipment" as nonroad construction vehicles or equipment powered by diesel engines that: (1) are certified to meet Environmental Protection Agency's (EPA) Tier 4 nonroad engine fine particulate emission standards, or (2) achieve through other means a particulate matter emission reduction of 85% or more from uncontrolled engine emission levels. Authorizes the Secretary to waive the prohibition against subordination of secured loans to the claims of a holder of project obligations in the event of bankruptcy, insolvency, or liquidation of the obligor, but only if the loan amount does not exceed 33% of the reasonably anticipated eligible project costs and the loan is secured by tax revenue.

Freight FOCUS Act of 2011

United States · United States Congress · 16 March 2011

Freight is the Future Of Commerce in the United States Act of 2011 or Freight FOCUS Act of 2011 - Establishes within the Office of the Secretary of Transportation (DOT) an Office of Freight Planning and Development, which shall be headed by an Assistant Secretary for Freight Planning and Development. Directs the Assistant Secretary to submit to Congress and publish on DOT's website a national freight plan for supporting freight movement for the next 20 years. Directs the Secretary to establish a Freight Advisory Committee. Directs the Assistant Secretary to: (1) establish a freight corridors of national significance program, and (2) designate such corridors. Authorizes the Assistant Secretary to designate one entity to serve as a freight corridor coalition. Requires the freight corridor coalition to submit annually to the Assistant Secretary a freight corridor plan that includes, among other things, a prioritized list of projects that will improve the freight movement performance of the freight corridors of national significance. Authorizes the Assistant Secretary to make grants to states for such projects. Requires a grant recipient to submit to the Assistant Secretary: (1) a project management plan and an annual financial plan for a project with a total cost of at least $500 million, and (2) an annual financial plan for a project with a total cost of less than $500 million. Amends the Internal Revenue Code to establish in the Treasury the Goods Movement Trust Fund. Increases by 12 cents the tax on the sale of diesel fuel used for the transportation of goods by highway. Transfers amounts equivalent to the increase in tax to the Fund. Requires the Secretary to pay an amount based on a certain formula to purchasers of diesel fuel that is not used for the transportation of goods by highway in which such tax was paid. Allows an income tax credit in lieu of payment to certain tax exempt entities.

Debt Free America Act

United States · United States Congress · 16 March 2011

Debt Free America Act - States as purposes of this Act the raising of sufficient revenue from a fee on transactions to: (1) eliminate the national debt within 10 years and phase out the individual income tax, including interest payments on the national debt; and (2) provide incentives for private sector investment in capital goods, clean energy generation, and infrastructure development. Amends the Internal Revenue Code to impose a 1% fee, offset by a corresponding nonrefundable income tax credit, on every specified transaction that uses a payment instrument, including any check, cash, credit card, transfer of stock, bonds, or other financial instrument. Defines "specified transaction" to: (1) exclude any deposit into a personal account of an individual and any transfer between accounts, and (2) include retail and wholesale sales, purchases of intermediate goods, and financial and intangible transactions. Establishes in the legislative branch the Bipartisan Task Force for Responsible Fiscal Action to review the fiscal imbalance of the federal government and make recommendations to improve such imbalance. Provides for expedited consideration by Congress of Task Force recommendations. Repeals after 2021 the individual income tax, refundable and nonrefundable personal tax credits, and the alternative minimum tax (AMT) on individuals. Directs the Secretary of the Treasury to: (1) prioritize the repayment of the national debt to protect the fiscal stability of the United States; and (2) study and report to Congress on the implementation of this Act.

Fairness in Taxation Act of 2011

United States · United States Congress · 16 March 2011

Fairness in Taxation Act of 2011 - Amends the Internal Revenue Code to: (1) increase individual income tax rates for taxpayers whose taxable income exceeds $1 million, and (2) provide for an adjustment in the capital gains tax of taxpayers whose taxable income is subject to the 45% tax bracket.

MARKUP OF THE SMALL BUSINESS ADMINISTRATION FISCAL YEAR 2012 BUDGET

United States · United States House of Representatives · 15 March 2011

[H.A.S.C. No. 112-22] NATIONAL DEFENSE AUTHORIZATION ACT FOR FISCAL YEAR 2012

United States · United States House of Representatives · 15 March 2011

THE PRESIDENT'S FISCAL YEAR 2012 BUDGET FOR TRIBAL PROGRAMS

United States · United States Senate · 15 March 2011

SEAM Act of 2011

United States · United States Congress · 15 March 2011

Security in Energy and Manufacturing Act of 2011 or the SEAM Act of 2011 - Amends the Internal Revenue Code to expand the qualifying advanced energy project credit by allocating in 2011 $5 billion of grants or tax credit amounts to manufacturers of goods and components (other than for assembly of components) in the United States that are used in alternative energy projects.

Child Tax Credit Integrity Preservation Act of 2011

United States · United States Congress · 15 March 2011

Child Tax Credit Integrity Preservation Act of 2011 - Amends the Internal Revenue Code to expand the identification requirements for the child tax credit to require taxpayers to provide valid identification numbers on their tax returns in addition to the names and identification numbers of each qualifying child.

Debt Buy-Down Act

United States · United States Congress · 15 March 2011

Debt Buy-Down Act - Amends the Internal Revenue Code to allow individual taxpayers to designate up to 10% of their adjusted income tax liability for the reduction of the public debt. Establishes in the Treasury the Public Debt Reduction Trust Fund to hold tax revenues generated by this Act for the reduction of the public debt. Amends the Balanced Budget and Emergency Deficit Control Act of 1985 to require a sequestration of federal spending equivalent to the estimated aggregate amount designated by taxpayers under this Act to reduce the public debt. Prohibits any reduction in social security retirement benefits, veterans benefits, or interest payments on federal debt as a result of any such sequestration.

Free Competition in Currency Act of 2011

United States · United States Congress · 15 March 2011

Free Competition in Currency Act of 2011- Repeals the federal law establishing U.S. coins, currency, and reserve notes as legal tender for all debts, public charges, taxes, and dues. Prohibits any tax on any coin, medal, token, or gold, silver, platinum, palladium, or rhodium bullion issued by a state, the United States, a foreign government, or any other person. Prohibits states from assessing any tax or fee on any currency or other monetary instrument that is used in interstate or foreign commerce and that has legal tender status under the Constitution. Repeals provisions of the federal criminal code relating to uttering coins of gold, silver, or other metal for use as current money and making or possessing likenesses of such coins. Abates any current prosecution under such provisions and nullifies any previous convictions.

Airport and Airway Extension Act of 2011

United States · United States Congress · 15 March 2011

Airport and Airway Extension Act of 2011 - Amends the Internal Revenue Code to extend through May 31, 2011, increased excise taxes on aviation fuels, the excise tax on air transportation of persons and property, and the expenditure authority for the Airport and Airway Trust Fund. Increases the authorization of appropriation for the eight-month period beginning on October 1, 2010, for airport planning and development and noise compatibility planning projects (known as airport improvement projects [AIPs]). Extends through May 31, 2011, the authority of the Secretary of Transportation to make new AIP grants. Extends until June 1, 2011: (1) the pilot program for passenger facility fee authorizations at non-hub airports, and (2) disclosure requirements for large and medium hub airports applying for AIP grants. Directs the Secretary to extend through May 31, 2011, the termination date of insurance coverage for domestic or foreign-flag aircraft. Grants the Secretary discretionary authority to further extend such coverage through August 31, 2011. Extends through August 31, 2011, the authority of the Secretary to limit air carrier liability for claims arising out of acts of terrorism. Extends through May 31, 2011: (1) grant eligibility for airports located in the Marshall Islands, Micronesia, and Palau; (2) grants to state and local governments for land use compatibility AIPs; and (3) authority for approving an application of the Metropolitan Washington Airports Authority for an airport development grant or for permission to impose a passenger facility fee. Amends the Vision 100 - Century of Aviation Reauthorization Act to extend through May 31, 2011: (1) the temporary increase to 95% of the federal government's share of certain AIP costs, and (2) funding for airport development at Midway Island Airport.

Unlawful Border Entry Prevention Act of 2011

United States · United States Congress · 15 March 2011

Unlawful Border Entry Prevention Act of 2011 - Amends the Illegal Immigration Reform and Immigrant Responsibility Act of 1996 to authorize the Secretary of Homeland Security (DHS) to construct an additional 350 or more miles of reinforced fencing along the southwest border. Prohibits fencing or any other similar physical infrastructure along the southwest border in existence on December 31, 2010, from being considered in meeting such mileage requirement. Requires the Secretary to submit a plan to Congress to gain operational control of any sector of the southwest border in which there has been a 40% increase over the preceding fiscal year of DHS apprehensions of individuals unlawfully entering the United States.

Affordable Gas Price Act

United States · United States Congress · 15 March 2011

Affordable Gas Price Act - Declares without force or effect all provisions of existing federal law that prohibit spending appropriated funds to conduct oil or natural gas leasing and preleasing activities for any area of the Outer Continental Shelf. Revokes all existing withdrawals by the President under the authority of the Outer Continental Shelf Lands Act. Amends the Alaska National Interest Lands Conservation Act to repeal: (1) the withdrawal of public lands within the Coastal Plain from entry or appropriation under federal mining or mineral leasing laws; and (2) the prohibition against the production, leasing, and development of oil and gas from the Arctic National Wildlife Refuge (ANWR). Amends the National Environmental Policy Act of 1969 to shield from judicial review mandatory statements by certain federal officials regarding the environmental impact of federal actions upon the quality of the human environment. Amends the Internal Revenue Code to: (1) set forth additional incentives for investment in oil refineries; (2) suspend the tax on highway motor fuels when retail gasoline exceeds a certain benchmark; and (3) increase mileage reimbursement rates. Authorizes the President to extend normal trade relations treatment to the products of the Russian Federation and Kazakhstan.

Complete and Permanent Property Tax Deduction Act of 2011

United States · United States Congress · 15 March 2011

Complete and Permanent Property Tax Deduction Act of 2011 - Amends the Internal Revenue Code to: (1) make the standard tax deduction for real property taxes permanent; and (2) repeal the dollar limitation on such deduction and the exclusion of foreign real property taxes.

TRIM Growth Act

United States · United States Congress · 15 March 2011

Reduction of Irresponsible MRA Growth Act or TRIM Growth Act - Amends the House of Representatives Administrative Reform Technical Corrections Act to prohibit the Members' Representational Allowance for a fiscal year from exceeding the Allowance established for the previous fiscal year, unless: (1) the Bureau of Labor Statistics (BLS) publishes a national unemployment rate of 6% or lower for each of the six most recent months for which it published a national unemployment rate which occurred before the beginning of the fiscal year, or (2) the Secretary of the Treasury certifies to the congressional appropriations committees that the public debt does not exceed $5.5 trillion as of the first day of the last month of the previous fiscal year.

Proposing an amendment to the Constitution of the United States relative to abolishing personal income, estate, and gift taxes and prohibiting the United States Government from engaging in business in competition with its citizens.

United States · United States Congress · 15 March 2011

Constitutional Amendment - Prohibits the U.S. government from engaging in any business, professional, commercial, financial, or industrial enterprise except as specified in the Constitution. Prohibits the constitution or laws of any state, or the laws of the United States, from being subject to the terms of any foreign or domestic agreement which would abrogate this amendment. Requires any activities of the U.S. government which violate the intent and purposes of this amendment to be liquidated and the properties and facilities affected to be sold within three years from the date of ratification of this amendment. Repeals the Sixteenth Amendment to the Constitution three years after ratification of this amendment and thereafter prohibits Congress from levying taxes on personal incomes, estates, and gifts.

Corps of Engineers Reform Act of 2011

United States · United States Congress · 14 March 2011

Corps of Engineers Reform Act of 2011 - Directs the Secretary of the Army, acting through the Chief of Engineers, to establish a program to make grants to states to carry out harbor maintenance and deepening projects in accordance with the priorities determined by each participating state. Amends the Internal Revenue Code to establish in the Harbor Maintenance Trust Fund a separate State Harbor Maintenance Block Grant Account to fund such grant program. Requires the chief executive officer of a state to designate a state agency to administer the financial assistance received, develop the state plan to be submitted to the Secretary, hold at least one hearing to provide the public an opportunity to comment, and coordinate the implementation of harbor maintenance projects with applicable federal, state, and local agencies. Directs the Secretary to: (1) coordinate all activities of the Department of Defense (DOD) relating to harbor maintenance activities and to coordinate with similar activities of other federal entities; (2) provide technical assistance to states in carrying out this Act; (2) review state compliance with this Act and with the plan approved for the state and terminate payments to the state for noncompliance; and (3) allot to each participating state, for each fiscal year, an amount equal to the proportion that the amounts collected in the state for deposit in the State Harbor Maintenance Block Grant Account for that fiscal year bears to the total amount of funds in that Account. Provides for a pro rata reduction of allotments in the event of insufficient funds. Directs the Secretary to publish: (1) annually, a list describing each authorized water resources project of the Corps of Engineers in the Federal Register and on a publicly available website, and (2) a list describing each water resources study or project of the Corps that is no longer authorized. Establishes a Water Resources Commission to make recommendations for the means by which to prioritize water resources projects of the Corps and prioritize Corps water resources projects that are not being carried out under a continuing authorities program.

Strengthening Community Safety Act of 2011

United States · United States Congress · 14 March 2011

Strengthening Community Safety Act of 2011 - Amends the Homeland Security Act of 2002 to authorize the Administrator of the Federal Emergency Management Agency (FEMA) to make a grant to an eligible first responder agency for the additional costs incurred as a direct result of one or more of its employees who are reservists being placed on active duty. Defines "eligible first responder agency" as one for which the cost of personnel has increased by not less than 5% as a direct result of such employees being placed on active duty and which is not a for-profit organization. Prohibits the Administrator from making a grant for costs relating to an employee being placed on active duty if federal funds are used for that employee's pay or benefits. Limits the total amount of grants made to an eligible first responder agency in any fiscal year to $100,000. Terminates the Administrator's authority to make grants three years after this Act's enactment. Authorizes the use of grant funds for: (1) pay or benefits for an individual hired to replace such an employee that are in addition to any pay and benefits that would have been provided to the deployed employee, (2) overtime expenses for an individual who performs tasks that would have been performed by such an employee, and (3) the costs associated with filling a vacancy created by an employee being placed on active duty. Allows a recipient to use grant funds to cover expenses incurred beginning 90 days before deployment until the date the employee returns to fully paid employment status. Amends the Implementing Recommendations of the 9/11 Commission Act of 2007 to reduce funding for FY2011 for grants to private operators providing transportation by an over-the-road bus for security improvements.

Volumetric Ethanol Excise Tax Credit Repeal Act

United States · United States Congress · 14 March 2011

Volumetric Ethanol Excise Tax Credit Repeal Act - Amends the Internal Revenue Code to provide for the immediate repeal (the current expiration date is December 31, 2011) of the income and excise tax credits for alchol fuel mixtures (ethanol).

To amend the Internal Revenue Code of 1986 to reduce the corporate income tax rate to 10 percent and to lower the rate of tax on capital gains and dividends to 10 percent.

United States · United States Congress · 14 March 2011

Amends the Internal Revenue Code to reduce to 10%: (1) the income tax rate on corporations, including personal service corporations; and (2) the capital gains income of individuals and corporations. Makes provisions of the Jobs and Growth Tax Relief Reconciliation Act of 2003 that reduce tax rates on capital gains income permanent.

To amend the Internal Revenue Code of 1986 to provide an election for unmarried, nonitemizing individuals to have their returns prepared by the Secretary of the Treasury, and for other purposes.

United States · United States Congress · 14 March 2011

Amends the Internal Revenue Code to allow unmarried individuals who do not have gross income from a trade or business and who do not itemize their tax deductions to elect: (1) to have the Internal Revenue Service (IRS) prepare their income tax returns; and (2) to decline to file such IRS-prepared return, without penalty.

Seniors' Tax Simplification Act of 2011

United States · United States Congress · 14 March 2011

Seniors' Tax Simplification Act of 2011 - Directs the Secretary of the Treasury to make available a new federal income tax Form 1040SR (similar to Form 1040EZ) to individuals who have turned 65 as of the close of the taxable year. Allows the form to be used even if income includes: (1) social security benefits; (2) distributions from qualified retirement plans, annuities, or other such deferred payment arrangements; (3) interest and dividends; or (4) capital gains and losses.

Providing for consideration of the joint resolution (H.J. Res. 48) making further continuing appropriations for fiscal year 2011, and for other purposes.

United States · United States Congress · 14 March 2011

Sets forth the rule for consideration of the joint resolution (H.J. Res. 48) making further continuing appropriations for fiscal year 2011.

[H.A.S.C. No. 112-18] NATIONAL DEFENSE AUTHORIZATION ACT FOR FISCAL YEAR 2012 AND OVERSIGHT OF PREVIOUSLY AUTHORIZED PROGRAMS BEFORE THE COMMITTEE ON ARMED SERVICES HOUSE OF REPRESENTATIVES ONE HUNDRED TWELFTH CONGRESS FIRST SESSION

United States · United States House of Representatives · 11 March 2011

AN OVERVIEW OF THE FISCAL YEAR 2012 BUDGET PROPOSALS AT THE NATIONAL SCIENCE FOUNDATION AND THE NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY

United States · United States House of Representatives · 11 March 2011

THE FISCAL YEAR 2012 EPA BUDGET

United States · United States House of Representatives · 11 March 2011

Airport and Airway Trust Fund Financing Reauthorization Act of 2011

United States · United States Congress · 11 March 2011

Airport and Airway Trust Fund Financing Reauthorization Act of 2011 - Amends the Internal Revenue Code, with respect to excise taxes dedicated to the Airport and Airway Trust Fund, to extend through September 30, 2014, increased excise taxes on aviation fuels, the excise tax on air transportation of persons and property, and the expenditure authority for the Trust Fund.

Small Business Health Fairness Act of 2011

United States · United States Congress · 11 March 2011

Small Business Health Fairness Act of 2011 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to provide for establishment and governance of association health plans (AHPs), which are group health plans whose sponsors are trade, industry, professional, chamber of commerce, or similar business associations, and which meet certain ERISA certification requirements. Prescribes rules governing AHPs, including requirements relating to certification, sponsors and boards of trustees, participation and coverage, nondiscrimination, contribution rates, notice of voluntary termination, correction actions, and mandatory termination. Establishes the Association Health Plan Fund to be used by the Secretary of Labor to make payments to an insurer to maintain coverage for a plan if there is a reasonable expectation that, without such payments, claims would not be satisfied by reason of termination of coverage. Requires the Secretary to establish a Solvency Standards Working Group. Allows a state to impose a contribution tax on an association health plan that commenced operations in such state after the enactment of this Act. Preempts any state law that may preclude a health insurance issuer from: (1) offering health insurance coverage in connection with a certified AHP; or (2) offering health insurance coverage of the same policy type to other employers operating in the state that are eligible for coverage under such AHPs, whether or not such other employers are participating employers in such plan. Subjects to criminal penalties a person who willfully makes false representations with respect to an AHP.

Freedom Flat Tax Act

United States · United States Congress · 11 March 2011

Freedom Flat Tax Act - Amends the Internal Revenue Code to authorize an individual or a person engaged in business activity to make an irrevocable election to be subject to a flat tax (in lieu of the existing tax provisions) of 19% for the first two years after an election is made, and 17% thereafter. Calculates taxable income for individual taxpayers by subtracting a basic standard deduction and an additional standard deduction for each dependent from the total of wages, retirement distributions, and unemployment compensation. Defines "business taxable income" to mean gross active income reduced by the cost of certain business inputs. Imposes an employer tax on the value of excludable compensation provided to employees not engaged in business activity of 19% for the first two years after an election is made under this Act and 17% thereafter. Repeals the estate, gift, and generation-skipping transfer taxes. Requires a two-thirds vote of the House of Representatives or the Senate to increase the flat tax rate proposed by this Act or to reduce the amount of the standard deduction or business-related deductions allowed by this Act.

To amend the Internal Revenue Code of 1986 to permanently extend the Indian employment credit and the depreciation rules for property used predominantly within an Indian reservation.

United States · United States Congress · 11 March 2011

Amends the Internal Revenue Code to permanently extend the Indian employment tax credit and the depreciation rules for property used predominantly within an Indian reservation.

Job Creation and Innovation Investment Act of 2011

United States · United States Congress · 11 March 2011

Job Creation and Innovation Investment Act of 2011 - Amends the Internal Revenue Code, with respect to the tax deduction for dividends received from a controlled foreign corporation, to: (1) eliminate limitations on the amount of such deduction, and (2) allow a 100% deduction for companies that reinvest such dividends in a qualified domestic reinvestment plan. Defines "qualified domestic reinvestment plan" as an approved plan for the reinvestment within three years after payment of such dividends in the United States for research and development expenses, expansion of facilities, proof of content centers, early stage venture capital investment, or manufacturing startup costs.

Indigent Funeral Expense Reimbursement Act of 2011

United States · United States Congress · 11 March 2011

Indigent Funeral Expense Reimbursement Act of 2011 - Amends the Internal Revenue Code to allow taxpayers engaged in the the trade or business of providing funeral or burial goods and services a business-related tax credit for the unreimbursed expense of providing funeral or burial goods and services for a deceased indigent individual. Limits the amount of such expenses eligible for such credit to $3,000 in a taxable year for such an individual.

American Shipping Reinvestment Act of 2011

United States · United States Congress · 11 March 2011

American Shipping Reinvestment Act of 2011 - Amends the Internal Revenue Code to: (1) repeal shipping investment withdrawal tax rules; and (2) allow U.S. corporate shareholders an election to deduct dividends attributable to foreign base company shipping income received from a controlled foreign corporation.

COMMERCE, JUSTICE, SCIENCE, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2012

United States · United States Senate · 10 March 2011

[H.A.S.C. No. 112-17]GLOBAL CHALLENGES TO READINESS AND THE FISCAL YEAR 2012 BUDGET REQUEST

United States · United States House of Representatives · 10 March 2011

AN OVERVIEW OF THE FISCAL YEAR 2012 RESEARCH AND DEVELOPMENT BUDGET PROPOSALS AT THE NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION AND THE ENVIRONMENTAL PROTECTION AGENCY

United States · United States House of Representatives · 10 March 2011

COMMERCE, JUSTICE, SCIENCE, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2012

United States · United States Senate · 10 March 2011

TRANSPORTATION AND HOUSING AND URBAN DEVELOPMENT, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2012

United States · United States Senate · 10 March 2011

AGRICULTURE, RURAL DEVELOPMENT, FOOD AND DRUG ADMINISTRATION, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2012

United States · United States Senate · 10 March 2011

AGRICULTURE, RURAL DEVELOPMENT, FOOD AND DRUG ADMINISTRATION, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2012

United States · United States Senate · 10 March 2011

THE FISCAL YEAR 2012 BUDGET FOR THE SECURITIES AND EXCHANGE COMMISSION

United States · United States Senate · 10 March 2011

Fire Grants Reauthorization Act of 2011

United States · United States Congress · 10 March 2011

Fire Grants Reauthorization Act of 2011 - Amends the Federal Fire Prevention and Control Act of 1974 to reauthorize through FY2016 the Federal Emergency Management Agency's (FEMA's) Assistance to Firefighters Grants (AFG) program and the Staffing for Adequate Fire and Emergency Response (SAFER) program. Authorizes the Administrator of FEMA to award: (1) AFG grants on a competitive basis to fire departments, nonaffiliated emergency medical services (EMS) organizations, and state fire training academies; and (2) fire prevention and safety grants to fire departments for fire prevention programs and research to improve firefighter health and life safety. Establishes grant funding requirements and limitations for emergency medical services, awards to nonaffiliated EMS organizations, fire prevention and safety grants, state fire training academies, and purchasing firefighting vehicles. Requires the Administrator to: (1) appoint fire service and EMS personnel to conduct peer reviews of grant applications; and (2) publish guidelines in the Federal Register describing the grant application process and criteria for selecting grant recipients. Amends SAFER program provisions to: (1) reduce the period of SAFER grants from four to three years; (2) limit to 75% the portion of the cost of hiring firefighters provided by a grant in any fiscal year; and (3) allow a waiver, based upon economic hardship, of certain firefighter hiring and cost requirements. Terminates amendments made by this Act on October 1, 2016.

Securing America's Future with Energy and Sustainable Technologies Act

United States · United States Congress · 10 March 2011

Securing America's Future with Energy and Sustainable Technologies Act - Amends the Clean Air Act to revise the renewable fuel program, including by: (1) redefining "advanced biofuel"; and (2) requiring the Administrator of the Environmental Protection Agency (EPA) to exempt from lifecycle greenhouse gas (GHG) emission requirements for advanced biofuel and biomass-based diesel up to the greater of 1 billion gallons or the program's volume mandate of biomass-based diesel annually from facilities that commenced construction before December 19, 2007. Sets forth provisions concerning emissions from indirect land use changes outside the country of origin of the feedstock of a renewable fuel, including requiring the Administrator and the Secretary of Agriculture (USDA) to jointly arrange for the National Academies of Science to review and report on specified issues relating to indirect GHG emissions relating to transportation fuels. Sets forth provisions concerning modifying the the non-federal lands portion and the federal lands portion of the definition of "renewable biomass" in the Clean Air Act and the Public Utility Regulatory Policies Act of 1978 (PURPA) in order to advance the goals of increasing U.S. energy independence, protecting the environment, and reducing global warming pollution. Amends the Energy Policy Act of 2005 to allow the Secretary of Energy (DOE) to make loan guarantees for renewable fuel pipelines and the installation of sufficient infrastructure to allow for the cost-effective deployment of clean energy technologies to each region of the United States. Requires each light-duty automobile manufacturer's annual covered inventory to be comprised of at least 30% fuel choice-enabling automobiles by 2013, 50% by 2015, 80% by 2017, and 100% by 2021 and thereafter. Prohibits any fuel containing ethanol or a renewable fuel that is used to operate an internal combustion engine from being deemed to be a defective product or subject to a failure to warn due to such ethanol or renewable fuel content unless such fuel violates a control or prohibition imposed by the Administrator under the Clean Air Act. Directs the Secretary to require each covered entity to install at each retail fueling station owned or managed by such entity a blender pump and blender pump fuel infrastructure as a replacement for each pump that requires replacement after January 1, 2013. Amends the Internal Revenue Code to: (1) allow a new tax credit for the installation of blender pumps to store or dispense at least three different blends of gasoline and ethanol; (2) revise the income tax credit for alcohol used as fuel to include within the credit amounts for qualified alcohol production, cellulosic biofuel production, and ethanol production by a small ethanol producer and extend such credit and the excise tax credit for ethanol used as fuel through December 31, 2016; (3) revise the income and excise tax credits for biodiesel production to allow a $1 per gallon credit and an enhanced credit for small biodiesel producers; (4) allow a business-related tax credit and payments in lieu of excise tax credits for renewable electricity integration; and (5) exempt renewable wind energy facilities from restrictions on tax write-offs for passive losses and treat income and gains from wind energy as qualifying income for publicly-traded partnerships. Amends the Harmonized Tariff Schedule of the United States to extend until 2016 the additional tariff on ethyl alcohol blends (ethanol) used as fuel. Amends PURPA to require: (1) electric utilities to obtain a specified minimum annual percentage of electricity from renewable energy sources (increasing from 10% in 2013 to 25% in 2025); (2) the Secretary to establish a renewable energy credit trading program; (3) a state renewable energy account program to be established in the Treasury for providing grants to the state agency responsible for developing energy conservation plans for promoting renewable energy production; and (4) the Secretary to establish a program which requires each retail electricity distributor to achieve specified cumulative energy savings (increasing from 1.5% in 2012 to 9.5% in 2020) and each retail natural gas distributor to demonstrate that it has achieved cumulative natural gas savings in each year. Requires the Secretary to promulgate regulations establishing performance standards for cumulative electricity savings and cumulative natural gas savings: (1) by December 31, 2015, for 2021-2030; and (2) by December 31 of the penultimate reporting period for which such standards have been established, for the following 10-calendar-year period.

Public Good IRA Rollover Act of 2011

United States · United States Congress · 10 March 2011

Public Good IRA Rollover Act of 2011 - Amends the Internal Revenue Code to revise the tax exclusion of distributions from individual retirement accounts (IRAs) for charitable purposes to: (1) make such exclusion permanent; (2) eliminate the $100,000 cap on such exclusion; (3) permit tax-free distributions from IRAs to a split-interest entity (i.e., a charitable remainder annuity or unitrust, a pooled income fund, and a charitable gift annuity); and (4) allow distributions to a split-interest entity to be made when the account beneficiary attains age 59-1/2 (otherwise, age 70-1/2 for IRA distributions to a charitable organization).

Emergency Deficit Reduction Act

United States · United States Congress · 10 March 2011

Emergency Deficit Reduction Act - Amends the Internal Revenue Code to: (1) impose an additional 5.4% tax on individual taxpayers whose modified adjusted gross income exceeds $1 million ($2 million in the case of a joint return); (2) repeal the amortization of intangible and drilling and development costs for oil, gas, and geothermal wells; (3) repeal the percentage depletion allowance for oil and gas wells; and (4) deny a tax deduction for income attributable to the domestic production of oil, natural gas, or primary products thereof.

Casting Light on EAJA Agency Records for Oversight Act of 2011

United States · United States Congress · 10 March 2011

Casting Light on EAJA Agency Records for Oversight Act of 2011 - Directs the Attorney General (DOJ) to issue an annual online report to Congress and the public on the amount of attorney fees and other expenses awarded during the preceding fiscal year pursuant to the law commonly known as the Equal Access to Justice Act (EAJA). Directs the Comptroller General to commence an audit of the EAJA for 1995 through the end of the calendar year in which this Act is enacted, and report to Congress on the audit results.