Taxation

Records whose title is actually about this topic. Use a country filter if the list is still too broad.

1,051 records in US in 1979

Records

Bill· HRH.R. 2220 (96th)referred

A bill to amend the Internal Revenue Code of 1954 to provide a tax credit for political contributions to candidates for Congress which is more limited than the existing tax credit for such contributions.

United States · United States Congress · 15 February 1979

Amends the Internal Revenue Code to allow a special, nonrefundable income tax credit for political contributions to candidates for Congress in the district in which the taxpayer lives. Limits the amount of such credit to $10 ($20 for joint returns) for each candidate.

Bill· HRH.R. 2250 (96th)referred

A bill to amend the Internal Revenue Code of 1954 to make permanent certain rules relating to travel expenses of State legislators.

United States · United States Congress · 15 February 1979

Amends the Internal Revenue Code to allow State legislators an income tax deduction for travel expenses away from home. Limits such deduction to the sum of the amounts determined by multiplying each legislative day of such individual during the taxable year by the amount generally allowable with respect to such day to Federal employees for per diem while away from home but serving in the United States ($35).

Bill· HRH.R. 2193 (96th)referred

A bill to amend the Internal Revenue Code of 1954 to repeal the changes made by the Tax Reform Act of 1976 in the sick pay exclusion.

United States · United States Congress · 15 February 1979

Amends the Internal Revenue Code to repeal the disability and income requirements for the sick pay exclusion enacted by the Tax Reform Act of 1976. Provides an exclusion from gross income for sick pay not in excess of $100 per week.

Bill· HRH.R. 2173 (96th)referred

A bill to extend for an additional period the existing tax treatment of certain activities of certain private foundations.

United States · United States Congress · 15 February 1979

Exempts trustee services by tax exempt foundations for disqualified persons from excise tax treatment as self-dealing where: (1) the service is pursuant to an irrevocable trust established before October 9, 1969; (2) the foundation's chartering State forbids it from acting as a trustee where it has no beneficial interest; (3) the foundation receives reasonable compensation for its services; (4) the disqualified person's status as such arises solely from the trust instrument.

Bill· HRH.R. 2191 (96th)referred

A bill to amend the Internal Revenue Code of 1954 to allow individuals a refundable tax credit for a portion of the rent which they pay on their principal residences and which is attributable to real property taxes.

United States · United States Congress · 15 February 1979

Amends the Internal Revenue Code to allow renters of their principal residence an income tax credit for 25 percent of their proportionate share of the State and local real property taxes imposed upon the property on which their residence is located. Stipulates that the amount of the allowable credit may not exceed the amount of rent paid by the taxpayer during the taxable year.

Bill· HRH.R. 2176 (96th)referred

A bill to amend the Internal Revenue Code of 1954 to provide a basic $5,000 exemption from income tax for amounts received as annuities, pensions, or other retirement benefits.

United States · United States Congress · 15 February 1979

Amends the Internal Revenue Code to allow individuals a $5,000 exclusion from gross income for any amount received as an annuity, pension, or other retirement benefit.

Bill· HRH.R. 2198 (96th)referred

A bill to amend the Internal Revenue Code of 1954 to increase the adjusted gross income limitation on the credit for the elderly, to increase the amount of such credit, and for other purposes.

United States · United States Congress · 15 February 1979

Amends the Internal Revenue Code to increase the individual income tax credit for the elderly and to increase the adjusted gross income limitation on such credit.

Bill· HRH.R. 2179 (96th)referred

A bill to amend the Internal Revenue Code of 1954 to treat as public charities certain organizations which operate libraries.

United States · United States Congress · 15 February 1979

Amends the Internal Revenue Code to treat a library established by State or Federal law as a charitable institution for purposes of the charitable income tax deduction.

Bill· HRH.R. 2175 (96th)referred

Older Americans Tax Savings Act of 1979

United States · United States Congress · 15 February 1979

Older Americans' Tax Savings Act of 1979 - Permits individuals age 65 or over to claim a reimbursement for property taxes accrued for a taxable year. Limits the amount of such reimbursement to the lesser of the property taxes accrued or $600. Prohibits any reimbursement to a claimant whose household income exceeds $8,000 per year. Sets forth procedures for the Internal Revenue Service in making reimbursements to claimants, verifying claims, obtaining information regarding claims, and for recovering fraudulent claims.

Bill· HRH.R. 2152 (96th)referred

A bill to amend the Internal Revenue Code of 1954 to allow a charitable deduction for certain crops furnished by farmers to certain tax-exempt organizations.

United States · United States Congress · 15 February 1979

Amends the Internal Revenue Code to allow farmers an income tax deduction for the greater of the wholesale market value or the most recent sale price of crops which are not economically feasible for harvesting and are harvested and donated for charitable organizations for use in the organizations' charitable work.

Bill· HRH.R. 2162 (96th)referred

A bill to amend the Internal Revenue Code of 1954 with respect to the treatment of certain employees' trusts organized to invest in real estate.

United States · United States Congress · 15 February 1979

Amends the Internal Revenue Code to confer tax-exempt status upon employee benefit trusts organized to invest in real estate. Sets forth requirements for the qualification of such a trust for preferential tax treatment, including requirements that the total cost of all the trust's property exceed $10,000,000 and that at least 75 percent of such total cost consists of real property, interests in real property, cash, or Government securities.

Bill· HJRESH.J.Res. 213 (96th)referred

A joint resolution proposing an amendment to the Constitution of the United States to provide that the level of total outlays of the United States for any fiscal year shall not exceed the level of total receipts of the United States for such fiscal year and for the disposition of unanticipated deficits.

United States · United States Congress · 15 February 1979

Constitutional Amendment - Provides that total expenditures in any fiscal year shall not exceed the net amount of revenue received by the Government in that year. Authorizes the suspension of such prohibition in time of war declared by Congress or by a concurrent resolution passed by a two-thirds vote of both Houses of Congress. Stipulates that any unanticipated deficit in any fiscal year shall be considered an expenditure for the succeeding fiscal year. Directs the Congress to provide an appropriate increase in the level of total receipts if the amount of such deficit exceeds two percent of the total expenditures for the succeeding fiscal year. Authorizes the Congress to apportion any deficit over the four following fiscal years or, by a two-thirds vote of both Houses, to include such deficit in the debts of the United States.

Bill· HRH.R. 2137 (96th)referred

A bill to amend the Internal Revenue Code of 1954 to increase the amount of the credit for the elderly, and to eliminate the adjusted gross income limitation applicable to such credit.

United States · United States Congress · 13 February 1979

Amends the Internal Revenue Code to increase the individual income tax credit for the elderly and to eliminate the adjusted gross income limitation on such credit.

Bill· HRH.R. 2113 (96th)referred

Arts and Humanities Tax Reform Act of 1979

United States · United States Congress · 13 February 1979

Arts and Humanities Tax Reform Act of 1979 - Amends the Internal Revenue Code to permit the executor of an estate, in calculating the value of the gross estate, to disregard that portion of the value of any copyright, or literary, musical, or artistic work created by a decedent which would have been ordinary income if such work had been sold by the decedent at its fair market value. Disqualifies property which was held by a decedent who was at any time a Government official or employee and which was created by such decedent pursuant to his official duties. Allows an income tax deduction for the current fair market value of a copyright, a literary, musical, or artistic composition created by a taxpayer, without any reduction for appreciation. Changes the restriction on the income tax deduction for the business use of a personal residence by providing that such residence be used to a substantial extent for business purposes, rather than exclusively used for such purposes, as is presently required.

Bill· HRH.R. 2127 (96th)referred

A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $300 of interest received by an individual during any taxable year.

United States · United States Congress · 13 February 1979

Amends the Internal Revenue Code to exclude from gross income up to $300 of interest income paid to the taxpayer from savings accounts.

Bill· HRH.R. 2100 (96th)referred

A bill to repeal the carryover basis provisions added by the Tax Reform Act of 1976.

United States · United States Congress · 13 February 1979

Amends the Internal Revenue Code to repeal the carryover basis provisions enacted by the Tax Reform Act of 1976 which provide that beneficiaries receiving property from a decedent's estate will retain the decedent's basis in the property. Restores prior law which "stepped up" or "stepped down" the property's basis to its market value at the time of death without imposing tax consequences on the appreciation or depreciation the property underwent while held by the decedent.

Bill· HRH.R. 2103 (96th)referred

Asset Indexing Act of 1979

United States · United States Congress · 13 February 1979

Asset Indexing Act of 1979 - Amends the Internal Revenue Code to require a cost-of-living adjustment, based on the Consumer Price Index, to the adjusted basis of certain assets (corporate stock, tangible personal property, and real property held for more than one year which is a capital asset or property used in the trade or business) at the time of sale or exchange, solely for the purpose of determining gain or loss on such assets. Excludes from such treatment (1) creditors' interests; (2) options; (3) net lease property in the case of a lessor; (4) preferred stock with fixed dividends; (5) stock in small business corporations, personal holding companies, and certain foreign corporations.

Bill· HJRESH.J.Res. 202 (96th)referred

A joint resolution proposing an amendment to the Constitution of the United States for the purpose of limiting the power of Congress to tax or increase the public debt.

United States · United States Congress · 13 February 1979

Constitutional Amendment - Requires a two-thirds vote of both Houses of Congress to effect any tax law that would increase the revenue of the Federal Government or that would increase the public debt.

Bill· HJRESH.J.Res. 204 (96th)referred

A joint resolution proposing an amendment to the Constitution of the United States to provide that the total expenditures of the Government of the United States may not exceed the total revenues received by such Government in any fiscal year except in time of war or economic emergency declared by the Congress.

United States · United States Congress · 13 February 1979

Constitutional Amendment - Prohibits the total expenditures of the Federal Government from exceeding its revenues in any fiscal year. Suspends such prohibition during a war declared by Congress or upon the adoption of a concurrent resolution by a three-fourths vote of both Houses of Congress, stating that a national economic emergency exists.

Law· SS. 429 (96th)open

An act to authorize supplemental appropriations for fiscal year 1979 for procurement of aircraft, missiles, and naval vessels for research, development, test, and evaluation for the Armed Forces, and for other purposes.

United States · United States Congress · 9 February 1979

Department of Defense Supplemental Appropriation Authorization Act, 1979 - Title I: Procurement - Authorizes additional appropriations in specified amounts for use by the Air Force, Navy, and Army in fiscal year 1979 for the procurement of aircraft, missiles, naval vessels, and other weapons. Authorizes the Department of Defense to implement until concluded the Multilateral Memorandum of Understanding Between NATO Ministers of Defense on the NATO E-3A Cooperative Programme. Authorizes the Department to make a commitment to the North Atlantic Treaty Organization for the United States share of estimated termination liability. Title II: Research, Development, Test, and Evaluation - Authorizes additional appropriations for use during fiscal year 1979 by the Army, Navy, Air Force, and Defense Agencies, for research, development, test, and evaluation.

Law· SS. 428 (96th)open

An act to authorize appropriations for fiscal year 1980 for procurement of aircraft, missiles, naval vessels, tracked combat vehicles, torpedoes, and other weapons and for research, development, test, and evaluation for the Armed Forces, to prescribe the authorized personnel strength for each active duty component and the Selected Reserve of each Reserve component of the Armed Forces and for civilian personnel of the Department of Defense, to authorize the military training student loads, to authorize appropriations for fiscal year 1980 for civil defense, and for other purposes.

United States · United States Congress · 9 February 1979

Department of Defense Appropriation Authorization Act, 1980 - Title I: Procurement - Authorizes appropriations in specified amounts for fiscal year 1980 for use by the armed forces for the procurement of aircraft, missiles, naval vessels, tracked combat vehicles, torpedoes, and other weapons. Title II: Research, Development, Test, and Evaluation - Authorizes appropriations in specified amounts for fiscal year 1980 in specified amounts for fiscal year 1980 for use by the armed forces and defense agencies for research, development, test, and evaluation purposes. Title III: Active Forces - Sets forth the authorized and strength level for active duty personnel for each of the armed forces for fiscal year 1980. Title IV: Reserve Forces - Sets forth the minimum average strength levels for each of the reserve components of the armed forces for fiscal year 1980. Title V: Civilian Personnel - Sets forth the authorized end strength for civilian personnel within the Department of Defense for fiscal year 1980. Stipulates that such personnel shall be apportioned among the various military departments in such numbers as the Secretary of Defense may prescribe. Requires the Secretary to report to the Congress regarding such allocation. Authorizes the Secretary to increase such prescribed strength level for civilian personnel by one and one quarter percent where such action is necessary in the national interest. Requires the Secretary to notify the Congress of any such increase. Title VI: Military Training Student Loads - Sets forth authorized military training student load for each component of the armed forces for fiscal year 1980. Title VII: General Provisions - Amends the Department of Defense Appropriation Authorization Act, 1976, to direct the Secretary of Defense to submit to Congress quarterly written acquisition reports for those major defense systems which are estimated to require a total cumulative financing for research, development, test, and evaluation in excess of $75,000,000 or a cumulative production investment in excess of $300,000,000. Amends the Department of Defense Appropriation Authorization Act, 1978, to repeal the provision in such Act which places a ceiling on the numbers of commissioned officers on active duty above a specified rank and which reduces Department of Defense Civilian personnel in specified grade levels. Authorizes appropriations in specified amounts for fiscal year 1980 for the purpose of providing assistance for the 1980 Olympic winter games as authorized by the Department of Defense Appropriation Authorization Act, 1979. Places limitations on the use of such funds.

Bill· SS. 419 (96th)referred

A bill to amend the Internal Revenue Code of 1954 to provide tax incentives for investment in small corporations doing research in the area of energy development and conservation.

United States · United States Congress · 9 February 1979

Amends the Internal Revenue Code to allow an income tax deduction for 50 percent (not to exceed $50,000 annually, or $100,000 altogether) of the sum of the amounts paid or incurred to acquire stock in a qualified energy invention corporation. Limits to $25,000 the maximum annual deduction in the case of a married individual filing a separate return. Defines a "qualified energy invention corporation" as a corporation whose gross annual income does not exceed $100,000 and which owns a patent, or the right to a patent, or has an application for a patent pending, which relates to the invention of an energy saving device or process, or which possesses a letter from the Secretary of the Department of Energy for nonpatentable improvements of such a device or process.

Bill· SS. 412 (96th)referred

Air Transportation Tax Reduction Act of 1979

United States · United States Congress · 9 February 1979

Air Transportation Tax Reduction Act of 1979 - Amends the Internal Revenue Code to reduce: (1) the general excise tax rate on air transportation of persons in the United States, during the period from October 2, 1979, through June 30, 1980, from eight percent to six percent; and (2) the excise tax on the use of international air travel facilities, during the same period, from $3 to $1. Reduces the general excise tax rate on air transportation of property during such period from five percent to three percent.

Bill· SS. 397 (96th)referred