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Taxation

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1,051 records in US in 1977

All countriesUnited States · 53,052France · 9,199European Union · 5,204Ireland · 4,382Austria · 4,195United Kingdom · 3,281Germany · 1,822Netherlands · 865Belgium · 1Search this topic

Records

Bill· HRH.R. 3048 (95th)referred

A bill to amend the Internal Revenue Code of 1954 to provide a tax credit for expenditures by a taxpayer for solar heating and cooling equipment installed in new or existing buildings, and a tax credit for expenditures by an individual for insulation in such individual's principal resident.

United States · United States Congress · 2 February 1977

Allows as a credit against the income tax, a portion of the expenditures paid between April 9, 1975, and January 1, 1980, for the installation of solar heating or cooling equipment in any building owned by the taxpayer. Prorates the allowable credit among joint owners and tenant stockholders. Prohibits any increase in the structure's basis to the extent that this credit is claimed. Defines "solar heating and cooling equipment" as equipment meeting the criteria of the Solar Heating and Cooling Demonstration Act, with a useful life of at least three years, and which is originally used by the taxpayer. Allows as a credit against the income tax, 25 percent of the expenditures paid for insulating the taxpayer's residence between April 9, 1975, and January 1, 1980. Prorates the allowable credit among joint owners and tenant stockholders. Prohibits any increase in the basis of such residence to the extent that this credit is taken. Applies these provisions to buildings in use as residences on January 1, 1975.

Bill· HRH.R. 3018 (95th)referred

A bill to provide an opportunity to individuals to make financial contributions, in connection with the payment of their Federal income tax, for the advancement of the arts and the humanities.

United States · United States Congress · 2 February 1977

Amends the Internal Revenue Code to authorize any taxpayer to elect to have any portion of any overpayment of tax or any contribution in money which the taxpayer forwards with the return for such taxable year be available, as the taxpayer may designate on such return, for the National Endowment for the Arts or the National Endowment for the Humanities.

Bill· HRH.R. 2961 (95th)referred

A bill to amend the Internal Revenue Code of 1954 to exempt certain agricultural aircraft from the aircraft use tax, to provide for the refund of the gasoline tax to the agricultural aircraft operator.

United States · United States Congress · 2 February 1977

Amends the Internal Revenue Code to exempt aircraft used primarily for agricultural operation from the excise tax on civil aircraft. Provides for the refund of the excise tax on gasoline used for farming purposes in an aircraft to the aerial applicator who purchased it.

Bill· HRH.R. 2996 (95th)referred

A bill to amend the Tax Reform Act of 1976 to provide that the effective date of the amendment made by section 505(a) of such act (relating to exclusion for sick pay) shall only apply with respect to taxable years beginning after December 31, 1976.

United States · United States Congress · 2 February 1977

Amends the Internal Revenue Code to limit the application of the Tax Reform Act's elimination of the sick pay exclusion for persons who have not retired on total disability, to taxable years beginning after December 31, 1976.

Bill· HRH.R. 2957 (95th)referred

A bill to amend the Internal Revenue Code of 1954 to exempt certain agricultural aircraft from the aircraft use tax, to provide for the refund of the gasoline tax to the agricultural aircraft operator.

United States · United States Congress · 2 February 1977

Amends the Internal Revenue Code to exempt aircraft used primarily for agricultural operation from the excise tax imposed on the use of civil aircraft. Provides for the refund of the tax on gasoline and aircraft to the aerial applicator who is the ultimate purchaser thereof.

Bill· HRH.R. 2980 (95th)referred

A bill to amend the Internal Revenue Code of 1954 to allow a credit against income tax to individuals for tuition expenses incurred in providing nonprofit elementary and secondary education.

United States · United States Congress · 2 February 1977

Allows a credit against the income tax for 50 percent of the tuition paid during the year to any nonprofit elementary or secondary school for the education of a dependent. Limits the allowable credit for any dependent to $500.

Bill· HRH.R. 2987 (95th)referred

Higher Education Funding Act

United States · United States Congress · 2 February 1977

Higher Education Funding Act - Authorizes an income deduction for contributions to a qualified higher education fund established by the taxpayer for the purposes of funding the higher education of his dependents. Limits the amount of the deduction to the lesser of: (1) $750 times the number of qualified beneficiaries; (2) 15 percent of the taxpayer's adjusted gross income; or (3) $7,500. Provides that a qualified education fund must be established by the taxpayer pursuant to a written plan; (1) solely for the purpose of defraying the cost of room, board, and tuition at an institution of higher education of one or more eligible beneficiaries: (2) which provides that no distribution shall be made by the Fund (except upon termination thereof) other than to, or on behalf of, eligible beneficiaries; (3) which provides that upon termination of the fund of all assets of the funds shall be distributed to the taxpayer or to his estate; (4) which prohibits contributions to the fund in excess of amounts deductible: and (5) under which the taxpayer consents to the income tax treatment upon termination of the fund. Defines "institution of higher education" as an educational institution: (1) which provides an educational program leading to a bachelor's or higher degree, or training students for gainful employment; (2) contributions to or for the use of which constitute charitable contributions; (3) which is legally authorized to provide and does provide a program of postsecondary education; and (4) which is accredited by a nationally recognized accrediting agency or association listed by the United States Commissioner of Education.

Bill· HRH.R. 2986 (95th)referred

Higher Education Funding Act

United States · United States Congress · 2 February 1977

Higher Education Funding Act - Authorizes an income deduction for contributions to a qualified higher education fund established by the taxpayer for the purposes of funding the higher education of his dependents. Limits the amount of the deduction to the lesser of: (1) $750 times the number of qualified beneficiaries; (2) 15 percent of the taxpayer's adjusted gross income; or (3) $7,500. Provides that a qualified education fund must be established by the taxpayer pursuant to a written plan; (1) solely for the purpose of defraying the cost of room, board, and tuition at an institution of higher education of one or more eligible beneficiaries: (2) which provides that no distribution shall be made by the Fund (except upon termination thereof) other than to, or on behalf of, eligible beneficiaries; (3) which provides that upon termination of the fund of all assets of the funds shall be distributed to the taxpayer or to his estate; (4) which prohibits contributions to the fund in excess of amounts deductible: and (5) under which the taxpayer consents to the income tax treatment upon termination of the fund. Defines "institution of higher education" as an educational institution: (1) which provides an educational program leading to a bachelor's or higher degree, or training students for gainful employment; (2) contributions to or for the use of which constitute charitable contributions; (3) which is legally authorized to provide and does provide a program of postsecondary education; and (4) which is accredited by a nationally recognized accrediting agency or association listed by the United States Commissioner of Education.

Bill· HRH.R. 2920 (95th)referred

A bill to amend the Internal Revenue Code of 1954 to provide for the payment of interest at a rate of 5 percent on excess amounts withheld from individuals' wages.

United States · United States Congress · 1 February 1977

Amends the Internal Revenue Code to provide that in the case of an individual whose income tax prepayments exceed such individual's liability for the income tax with respect to any taxable year, interest shall be allowed and paid at a rate of five percent upon the excess portion of each such tax prepayment.

Bill· HRH.R. 2918 (95th)referred

A bill to amend the Internal Revenue Code of 1954 to permit a taxpayer to deduct certain expenses paid by him in connection with his education or training, or the education or training of his spouse or any of his dependents, at an institution of higher education or a trade or vocational school.

United States · United States Congress · 1 February 1977

Amends the Internal Revenue Code to allow an income tax deduction for the amount paid to meet the educational expenses at a higher education institution or a trade or vocational school for the taxpayer, for whom the taxpayer is entitled to a personal exemption. Limits the deduction of transportation expenses to $200.

Bill· HRH.R. 2910 (95th)referred

A bill to amend the Internal Revenue Code of 1954 to allow individuals an income tax credit for certain expenses of elementary or secondary education.

United States · United States Congress · 1 February 1977

Amends the Internal Revenue Code to allow a credit against the income tax for amounts paid during the year to any nonprofit elementary or secondary school for the education of a dependent. Limits the allowable credit, per dependent, to $300, to 100 percent of the tuition paid for such education during the year, whichever is less, with a progressive decrease of this limitation for individuals who have an adjusted gross income that is greater than $22,500.

Bill· HRH.R. 2895 (95th)referred

A bill to amend the Internal Revenue Code of 1954 to provide income tax incentives for the modification of certain facilities and vehicles so as to remove architectural and transportational barriers to the handicapped and elderly.

United States · United States Congress · 1 February 1977

Authorizes a taxpayer, under the Internal Revenue Code, to elect to treat qualified architectural and transportational barrier removal expenses which are paid or incurred during the taxable year as expenses which are not chargeable to capital account. Deems such expenses so treated as allowable tax deductible expenditures.

Bill· HRH.R. 2887 (95th)referred

Methanol Fuel Act

United States · United States Congress · 1 February 1977

Methanol Fuel Act - Provides that every person, at his election, shall be entitled to a deduction with respect to the amortization of any qualified methanol producing facility based on a period of 60 months. Defines the term "qualified methanol producing facility" to mean any tangible property: (1) which is used in producing methanol from coal, wood, waste, or natural gas; and (2) which is of a character subject to the allowance for depreciation. Specifies the amount of such deduction. Provides that such deduction shall be in lieu of a depreciation deduction. Exempts gasoline and special fuels containing at least ten percent methanol from excise taxes otherwise imposed on gasoline and special fuels.

Bill· HRH.R. 2852 (95th)passed

Intergovernmental Antirecession and Supplementary Fiscal Assistance Amendments

United States · United States Congress · 1 February 1977

Amends the Internal Revenue Code to exempt aircraft used primarily for agricultural operation from the excise tax imposed on the use of civil aircraft. Provides for the refund of the tax on gasoline and aircraft to the aerial applicator who is the ultimate purchaser thereof.

Bill· HRH.R. 2809 (95th)referred

A bill to amend the Internal Revenue Code of 1954 to allow individuals an income tax credit for certain expenses of elementary or secondary education.

United States · United States Congress · 1 February 1977

Allows a credit against the income tax for amounts paid during the year to any nonprofit elementary or secondary school for the education of a dependent. Limits the allowable credit, per dependent, to $300, or 100 percent of the tuition paid for such education during the year, whichever is less, with a progressive decrease of this limitation for individuals who have an adjusted gross income that is greater than $22,500.

Bill· HRH.R. 2785 (95th)referred

Basic Health Insurance Tax Credit and Medical Assistance Act

United States · United States Congress · 1 February 1977

Basic Health Insurance Tax Credit and Medical Assistance Act - Amends the Internal Revenue Code to provide a refundable tax credit for expenses incurred in providing health insurance for the taxpayer, his spouse and dependents. Extends the income tax deduction for medical care to include all expenses greater than $500. Amends Title XIX (Medicaid) of the Social Security Act to allow States to furnish private health insurance plans approved by the Secretary of Health, Education, and Welfare. Directs the Congressional Budget Office to make, and submit to Congress before October, 1980, a report concerning the feasibility of the credit allowed under this Act as a replacement for other Federal health assistance programs.

Bill· HRH.R. 2823 (95th)referred

A bill to amend the Internal Revenue Code of 1954 to exempt activities related to oil and gas from the provisions limiting deductions to amounts at risk.

United States · United States Congress · 1 February 1977

Amends the Internal Revenue Code to exempt activities related to oil and gas from the limitation on business losses to the amounts at risk; retains the exemption for such activities from the limitation on the division of partnership losses to each partner's contribution basis.

Bill· HRH.R. 2810 (95th)referred

A bill to amend the Internal Revenue Code of 1954 to provide that the tax rules now applicable to savings and loan associations, mutual savings banks and certain cooperative banks, shall be applicable to the comparable mortgage programs now undertaken by national mortgage associations.

United States · United States Congress · 1 February 1977

Amends the Internal Revenue Code to extend additional allowances for bad debt reserves to national mortgage associations similar to those presently allowed savings and loan associations and mutual savings banks.

Bill· HRH.R. 2807 (95th)referred

A bill to amend the Internal Revenue Code of 1954 to exempt nonprofit volunteer firefighting or rescue organizations from the Federal excise taxes on gasoline, diesel fuel, and certain other articles and services.

United States · United States Congress · 1 February 1977

Amends the Internal Revenue Code to exempt nonprofit volunteer firefighting or rescue organizations from the excise tax on sales of special fuels, automotive parts, petroleum products, and communication services.

Bill· HRH.R. 2784 (95th)referred

A bill to amend the Internal Revenue Code of 1954 to restrict the authority for inspection of tax returns and the disclosure of information contained therein.

United States · United States Congress · 1 February 1977

States that all returns made with respect to the taxes imposed by the Internal Revenue Code are confidential records. Provides that: (1) no such return shall be open to inspection; and (2) no information contained in any such return shall be disclosed. Authorizes inspections by the following persons: (1) the taxpayer or his authorized representative; (2) officers and employees of the Internal Revenue Service, Department of the Treasury, Department of Justice, and State and local government employees solely for purposes of enforcement and administration of the tax laws; and (3) the President of the United States in the necessary performance of his official duties. Increases the criminal penalties for unauthorized disclosure of information under the provisions of the Internal Revenue Code. States that any person who knowingly receives any information or material which is disclosed or furnished in violation of the provisions of this Act shall be guilty of a felony and subject to a fine of up to $10,000, imprisoned for up to five years, or both.

Bill· HRH.R. 2790 (95th)referred

A bill to amend the Internal Revenue Code of 1954 to exempt nonprofit volunteer firefighting or rescue organizations from the Federal excise taxes on gasoline, diesel fuel, and certain other articles and services.

United States · United States Congress · 1 February 1977

Amends the Internal Revenue Code to exempt nonprofit volunteer firefighting or rescue organizations from the excise tax on sales of special fuels, automotive parts, petroleum products, and communication services.

Bill· HRH.R. 2783 (95th)referred

Internal Revenue Commission Act

United States · United States Congress · 1 February 1977

Internal Revenue Commission Act - Establishes an independent commission to be known as the Internal Revenue Commission, the Principal office of which shall be in the District of Columbia. Provides that all the functions with respect to the administration and enforcement of the Internal Revenue Code of 1954 which, immediately prior to the date that this Act takes effect, were performed by the Secretary of the Treasury, the Commissioner of Internal Revenue, or any other officer or employee of the Department of the Treasury are transferred to the Internal Revenue Commission.

Bill· HRH.R. 2772 (95th)referred

A bill to amend the Internal Revenue Code of 1954 to provide reasonable and necessary income tax incentives to encourage the utilization of recycled solid waste materials and to offset existing income tax advantages which promote depletion of virgin natural resources.

United States · United States Congress · 1 February 1977

Amends the Internal Revenue Code to allow a deduction for a percentage of the amounts paid by the taxpayer in acquiring recycled solid waste materials for manufacture by the taxpayer into useful raw materials on salable products. Provides an amortization deduction with respect to the amortizable base of any solid waste recycling facility based on a 60 month period.

Bill· HRH.R. 2771 (95th)referred

Guaranteed Post-Secondary Education for Americans Act

United States · United States Congress · 1 February 1977

Guaranteed Post-Secondary Education for Americans Act - Amends the Internal Revenue Code to allow taxpayers a refundable income credit for specified higher education expenses, including tuition, fees, books and supplies, incurred by the taxpayer for himself or any dependent. Limits the credit to 80 percent of the first $500 for any individual, 60 percent of the next $500, and 40 percent of the next $1,250.

Resolution· HRESH.Res. 225 (95th)referred

Resolution to disapprove the pay recommendations of the President transmitted in the Budget for fiscal year 1978.

United States · United States Congress · 1 February 1977

Disapproves the recommendations of the President transmitted to Congress, pursuant to the Federal Salary Act of 1967, recommending rates of pay for: (1) the Vice President, Members of Congress and the Resident Commissioner from Puerto Rico; (2) specified positions in the legislative branch; (3) specified judicial personnel; (4) specified positions under the Executive Schedule; and (5) the Board of Governors of the United States Postal Service.

Bill· SS. 516 (95th)referred

A bill to amend the State and Local Fiscal Assistance Act of 1972 to provide for a single, annual lump sum payment of the revenue sharing entitlement amount where such amount does not exceed $4,000.

United States · United States Congress · 31 January 1977

Amends the State and Local Fiscal Assistance Act of 1972 to require the Secretary of the Treasury to make a single payment to a unit of local government, for the entire entitlement period if the full amount of the entitlement for the period does not exceed $4,000.

Bill· HRH.R. 2749 (95th)referred

A bill to amend the Internal Revenue Code of 1954 to allow a deduction for expenses incurred by a taxpayer in making repairs and improvements to his residence, and to allow the owner of rental housing to amortize at an accelerated rate the cost of rehabilitating or restoring such housing.

United States · United States Congress · 31 January 1977

Allows a tax deduction up to $750 for ordinary and necessary expenses incurred by a taxpayer under the Internal Revenue Code in making repairs and improvements to his residence during the taxable year. Allows the owner of rental housing to amortize at an accelerated rate (over a 60-month period) the cost of rehabilitating or restoring such housing. Authorizes the taxpayer to switch from such accelerated amortization to the regular depreciation deduction allowable under the Internal Revenue Code for property used in a trade or business or held for the production of income.

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