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Law· HRH.R. 1134 (109th)enacted
United States · United States Congress · 7 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.
Bill· SS. 530 (109th)referred
United States · United States Congress · 4 March 2005
Increases the authorized end strengths for the Army and Marine Corps for fiscal years after 2005. Amends the Ronald R. Reagan National Defense Authorization Act for Fiscal Year 2005 to repeal the authority for additional increases in such end strengths for FY 2005 through 2009.
Bill· SS. 533 (109th)referred
United States · United States Congress · 4 March 2005
Amends the Internal Revenue Code to provide that a loan guarantee by the North American Development Bank (NADBank) shall not be treated as a Federal guarantee for purposes of the tax exclusion for interest on State and local bonds.
Report· HearingS.Hrg.109-25published
United States · United States Senate · 3 March 2005
Report· HearingH.Hrg.109published
United States · United States House of Representatives · 3 March 2005
Report· HearingS.Hrg.109published
United States · United States Senate · 3 March 2005
Report· HearingS.Hrg.109-288 Part 1published
United States · United States Senate · 3 March 2005
Bill· SS. 508 (109th)referred
United States · United States Congress · 3 March 2005
Great Lakes Environmental Restoration Act - Establishes a Great Lakes Environmental Restoration Grant Program in the Great Lakes National Program Office of the Environmental Protection Agency (EPA) to provide grants to States, municipalities, and other applicants for: (1) contaminated sediment buildup; (2) wetland restoration; (3) invasive species control and prevention; (4) coastal wildlife and fisheries habitat improvement; (5) public access improvement; (6) water quality improvement; (7) sustainable water use; or (8) nonpoint source pollution reduction. Allocates funds among the Great Lakes States, requiring the funding of at least one project or activity per Great Lakes State per fiscal year. Stipulates that projects result in tangible improvements in the Great Lakes watershed and address at least one of the priority issues identified by the Great Lakes Environmental Restoration Advisory Board. Prohibits the use of restoration grant funds for: (1) roads not connected with sewer upgrades; (2) research, monitoring, or beautification projects unrelated to tangible watershed improvements; or (3) litigation and lobbying expenses. Establishes the Great Lakes Environmental Restoration Advisory Board which includes Federal, State, and local members as well as specified observers. Establishes the Great Lakes Interagency Task Force. Amends the Federal Water Pollution Control Act to require the Administrator of the EPA to: (1) develop and implement science-based indicators of water quality and related environmental factors in the Great Lakes, including measures of accumulated toxic pollutants; (2) establish a Federal network to regularly monitor and collect this data; and (3) report its findings to Congress and identify in such report any emerging problems.
Bill· SS. 510 (109th)referred
United States · United States Congress · 3 March 2005
Electronic Waste Recycling Promotion and Consumer Protection Act - Amends the Internal Revenue Code to allow waste recyclers and individual consumers a tax credit for recycling qualified electronic waste. Defines "qualified electronic waste" as any discarded computer display screen or system unit. Bans the disposal of electronic waste without recycling three years after the enactment of this Act. Requires the head of each Federal executive agency to recycle electronic waste. Requires the Administrator of the Environmental Protection Agency (EPA) to study the feasibility of establishing a nationwide recycling program for electronic waste that preempts any State recycling program.
Bill· SS. 512 (109th)referred
United States · United States Congress · 3 March 2005
Fire Sprinkler Incentive Act of 2005 - Amends the Internal Revenue Code to classify automatic fire sprinkler systems as five-year depreciable property. .
Bill· SS. 502 (109th)referred
United States · United States Congress · 3 March 2005
Rural Renaissance Act - Amends the Consolidated Farm and Rural Development Act to establish the Rural Renaissance Corporation to issue rural renaissance bonds to finance qualified projects for rebuilding rural areas. Amends the Internal Revenue Code to allow a tax credit for investment in rural renaissance bonds. Describes qualified projects as: (1) a water or waste treatment project; (2) a conservation project, including any project to protect water quality or air quality (including odor abatement), any project to prevent soil erosion, and any project to protect wildlife habitat, including any project to assist agricultural producers in complying with Federal, State, or local regulations; (3) an affordable housing project; (4) a community facility project, including hospitals, fire and police stations, and nursing and assisted-living facilities; (5) a value-added agriculture or renewable energy facility project for agricultural producers or farmer-owned entities, including any project to promote the production or processing of ethanol, biodiesel, animal waste, biomass, raw commodities, or wind as a fuel; (6) a rural venture capital project for, among others, farmer-owned entities; (7) a distance learning or telemedicine project; (8) a project to expand broadband technology; and (9) a rural teleworks project.
Bill· HRH.R. 1091 (109th)referred
United States · United States Congress · 3 March 2005
Amends the Internal Revenue Code to make permanent the increased expensing allowance ($100,000) for depreciable business property. Increases to $500,000 the income threshold for reducing the expensing allowance and makes such threshold amount permanent. Provides for an inflation adjustment to the allowance and the threshold. Allows a credit against alternative minimum tax liability for the work opportunity tax credit, the welfare to work tax credit, and the tax credit for increasing research activities. Provides for a minimum standard tax deduction of $2,500 for expenses for the business use of a home. Amends the Fair Labor Standards Act of 1938 to: (1) exempt from minimum wage requirements employers with less than ten employees; (2) increase the minimum wage to $5.50 beginning October 1, 2006, $6.00 beginning October 1, 2007, and $6.50 beginning October 1, 2008; and (3) phase in an increase in the gross volume of sales amount applicable to the small business exemption from minimum wage requirements. Amends title XVI (Supplemental Security Income) of the Social Security Act to exclude from income determinations under the supplemental security income programs minimum wage income that exceeds certain earned income.
Bill· HRH.R. 1098 (109th)referred
United States · United States Congress · 3 March 2005
American LIFE Fund for the Medical Treatment of the Uninsured Act of 2005 - Amends the Internal Revenue Code to permit an individual to designate a portion of any tax overpayment for the Health Coverage for the Uninsured Trust Fund, which shall use such funds to provide injury and catastrophic illness protection to individuals without health coverage. Establishes in the Treasury the Health Coverage for the Uninsured Trust Fund.
Bill· HRH.R. 1095 (109th)referred
United States · United States Congress · 3 March 2005
Amends the Internal Revenue Code to: (1) establish in the Treasury a World Trade Center Memorial Fund for the purpose of making grants to the World Trade Center Memorial Foundation for the construction of a memorial at the former site of the World Trade Center in New York City; and (2) permit taxpayers to designate on their tax returns $1.00 ($2.00 for joint returns) of their tax liability to the World Trade Center Memorial Fund.
Bill· HRH.R. 1124 (109th)referred
United States · United States Congress · 3 March 2005
National Park Centennial Act - Establishes the National Park Centennial Fund in the Treasury. Amends the Internal Revenue Code to allow individual taxpayers to designate overpayments and contributions for the benefit of the National Park System. Allocates such amounts to the Fund (along with necessary amounts from the General Fund to the extent that such amounts are inadequate in any fiscal year) for expenditure by the Secretary of the Interior. Authorizes appropriations for a public awareness campaign about the Fund and the ability of taxpayers to make tax-related contributions. Requires a specified percentage of Fund deposits to be used: (1) for the elimination of the backlog of unmet needs in the national parks as identified in the Facility Condition Index of the National Park Service (NPS); (2) to protect natural resources within the parks; and (3) to protect cultural resources within the parks. Requires a majority of such percentages to be distributed to those national parks that have completed comprehensive business plans under the Business Plan Initiative of the NPS. Directs the Government Accountability Office annually to submit a report on the National Park System to specified congressional committees. Authorizes the Secretary of Education to provide grants to elementary and secondary schools for cooperative agreements with the NPS providing distance learning and onsite education programs.
Bill· HRH.R. 1114 (109th)referred
United States · United States Congress · 3 March 2005
Amends the Internal Revenue Code to revise the definition of certain small crude oil refiners eligible for the exemption from limitations applicable to the percentage depletion allowance for oil and gas wells to provide that such refiners will qualify for the exemption if their average daily refinery runs do not exceed 75,000 barrels (currently, 50,000 barrels).
Bill· HRH.R. 1131 (109th)referred
United States · United States Congress · 3 March 2005
Fire Sprinkler Incentive Act of 2005 - Amends the Internal Revenue Code to classify automatic fire sprinkler systems as five-year depreciable property. .
Bill· HRH.R. 1094 (109th)referred
United States · United States Congress · 3 March 2005
Amends the Internal Revenue Code to permit members of the Armed Forces who have served in a combat zone to receive distributions from tax-qualified retirement plans at age 55 (currently, age 59 1/2) without incurring the ten percent penalty for early distributions.
Bill· HRH.R. 1128 (109th)referred
United States · United States Congress · 3 March 2005
Amends the Internal Revenue Code to allow a business tax credit for amounts of qualified carbon dioxide captured in the United States from anthropogenic industrial sources (e.g., an ethanol plant, fertilizer plant, or chemical plant) and used as a tertiary injectant in enhanced oil and natural gas recovery. Sets the credit amount at 75 cents (adjusted for inflation) per 1,000 standard cubic feet of the carbon dioxide captured. Defines "qualified carbon dioxide" as carbon dioxide captured from an anthropogenic source that: (1) would otherwise be released into the atmosphere as industrial emission of greenhouse gas; (2) is measurable at the source of capture; (3) is compressed, treated, and transported by pipeline; (4) is sold as a tertiary injectant in qualified enhanced oil and natural gas recovery; and (5) is permanently sequestered in geological formations as a result of the oil and natural gas recovery process.
Bill· HRH.R. 1120 (109th)referred
United States · United States Congress · 3 March 2005
Artists' Contribution to American Heritage Act of 2005 - Amends the Internal Revenue Code to allow taxpayers who create literary, musical, artistic, or scholarly compositions or similar property a fair market value (determined at the time of contribution) tax deduction for contributions of such properties, the copyrights thereon, or both, to certain tax-exempt organizations, if such properties are properly appraised and are donated no sooner than 18 months after their creation. Limits the amount of such deduction based upon the donor's artistic adjusted gross income, as defined by this Act.
Bill· HRH.R. 1113 (109th)referred
United States · United States Congress · 3 March 2005
Amends the Internal Revenue Code to classify any natural gas distribution line as 15-year property for purposes of the tax deduction for depreciation.
Bill· HRH.R. 1107 (109th)referred
United States · United States Congress · 3 March 2005
Full Funding for IDEA Now Act of 2005 - Amends the Individuals with Disabilities Education Act (IDEA), as amended by the Individuals with Disabilities Education Improvement Act of 2004 (Public Law 108-446), to set forth a mandatory minimum level of Federal grant payments to States for assistance for education of all children with disabilities under IDEA part B. Entitles a State to receive such a minimum grant allotment in an amount determined by current formulas for maximum authorization levels in specified fiscal years (which such minimum entitlement replaces). Eliminates the current authorization of appropriations for specified fiscal years for such grants.
Bill· HRH.R. 1097 (109th)referred
United States · United States Congress · 3 March 2005
Surface Transportation and Taxation Equity Act or STATE Act - Amends the Internal Revenue Code to reduce the Federal excise tax on gasoline and special fuels (but not below 2 cents per gallon) by corresponding increases in fuel taxes imposed by States after March 3, 2005.
Report· HearingH.Hrg.109published
United States · United States House of Representatives · 2 March 2005
Report· HearingS.Hrg.109-29published
United States · United States Senate · 2 March 2005
Report· HearingH.Hrg.109published
United States · United States House of Representatives · 2 March 2005
Report· HearingH.Hrg.109published
United States · United States House of Representatives · 2 March 2005
Report· HearingH.Hrg.109published
United States · United States House of Representatives · 2 March 2005
Report· HearingS.Hrg.109published
United States · United States Senate · 2 March 2005
Report· HearingS.Hrg.109published
United States · United States Senate · 2 March 2005
Report· HearingS.Hrg.109published
United States · United States Senate · 2 March 2005
Report· HearingS.Hrg.109-130published
United States · United States Senate · 2 March 2005
Bill· SS. 496 (109th)referred
United States · United States Congress · 2 March 2005
PILT and Refuge Revenue Sharing Permanent Funding Act - Provides permanent funding for the Bureau of Land Management's payment in lieu of taxes program (PILT) and the U.S. Fish and Wildlife Service's refuge revenue sharing program.
Bill· SS. 497 (109th)referred
United States · United States Congress · 2 March 2005
Broadband Rural Revitalization Act of 2005 - Establishes within the Department of Commerce, the Rural Broadband Office for the coordination of all Federal Government resources relating to the expansion of broadband technology into rural areas. Expresses the sense of Congress supporting full funding of the loan program for rural electrification established by the Rural Electrification Act of 1936. Amends the Internal Revenue Code to allow for expensing of broadband expenditures for rural communities.
Bill· HRH.R. 1048 (109th)referred
United States · United States Congress · 2 March 2005
Direct Deposit Savings Act of 2005 - Amends the Internal Revenue Code to permit taxpayers to direct that any overpayment of taxes be: (1) refunded in part by check, draft, or similar paper instrument; (2) allocated in part among not more than four accounts; and (3) deposited by electronic fund transfer in the accounts to which allocated.
Bill· HRH.R. 1040 (109th)referred
United States · United States Congress · 2 March 2005
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 percent for the first two years after an election is made, and 17 percent 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 percent for the first two years after an election is made under this Act and 17 percent 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.
Bill· HRH.R. 1062 (109th)referred
United States · United States Congress · 2 March 2005
Amends the Internal Revenue Code to allow qualified retail improvement property a 15-year recovery period for purposes of the tax deduction for depreciation. Defines such property as any improvement to an interior portion of a building which is nonresidential real property, if: (1) such portion is open to the general public and is used in the trade or business of selling tangible personal property or services to the general public; and (2) such improvement is placed in service more than three years after the date the building was first placed in service. Excludes specified improvements, including the enlargement of a building, any elevator or escalator, or the internal structural framework of a building.
Bill· HRH.R. 1063 (109th)referred
United States · United States Congress · 2 March 2005
Sportfishing and Boating Equity Act of 2005 - Amends the Internal Revenue Code to require the transfer of all motor fuel excise taxes attributable to motorboat and small engine fuels into the Aquatic Resources Trust Fund.
Bill· HRH.R. 1049 (109th)referred
United States · United States Congress · 2 March 2005
Amends the Internal Revenue Code to exempt certain truck tractors weighing 26,000 pounds or less from the excise tax on heavy trucks and trailers sold at retail.
Bill· HJRESH.J.Res. 34 (109th)referred
United States · United States Congress · 2 March 2005
Constitutional Amendment - Requires Congress to tax all persons progressively in proportion to their income.
Report· HearingS.Hrg.109-17published
United States · United States Senate · 1 March 2005
Bill· SS. 484 (109th)referred
United States · United States Congress · 1 March 2005
Amends the Internal Revenue Code to permit: (1) Federal civilian and military retirees to pay Federal Employees Health Benefits Program (FEHBP) and TRICARE supplemental premiums on a pretax basis (i.e., exclude premiums from gross income); and (2) a tax deduction (available to itemizers and nonitemizers) for TRICARE supplemental premiums or enrollment fees. Directs the Director of the Office of Personnel Management (OPM) and the Secretary of Defense to ensure that the option of paying FEHBP and TRICARE supplemental premiums on a pretax basis is available to Federal civilian and military retirees for the first open enrollment period beginning not less than 90 days after the enactment of this Act.
Bill· SS. 479 (109th)referred
United States · United States Congress · 1 March 2005
Nonresident Income Tax Freedom Act of 2005 - Prohibits a State from imposing a tax on income earned within such State by a nonresident.
Bill· HRH.R. 994 (109th)reported
United States · United States Congress · 1 March 2005
Amends the Internal Revenue Code to permit: (1) Federal civilian and military retirees to pay Federal Employees Health Benefits Program (FEHBP) and TRICARE supplemental premiums on a pretax basis (i.e., exclude premiums from gross income); and (2) a tax deduction (available to itemizers and nonitemizers) for TRICARE supplemental premiums or enrollment fees. Directs the Director of the Office of Personnel Management (OPM) and the Secretary of Defense to ensure that the option of paying FEHBP and TRICARE supplemental premiums on a pretax basis is available to Federal civilian and military retirees for the first open enrollment period beginning not less than 90 days after the enactment of this Act.
Bill· HRH.R. 1004 (109th)referred
United States · United States Congress · 1 March 2005
Nonresident Income Tax Freedom Act of 2005 - Prohibits a State from imposing a tax on income earned within such State by a nonresident.
Bill· HRH.R. 1024 (109th)referred
United States · United States Congress · 1 March 2005
Zero Gravity, Zero Tax Act of 2005 - Amends the Internal Revenue Code to: (1) exclude from gross income space-related income from products or articles produced, or services provided, in or from outer space; (2) allow an investment tax credit for the purchase of stock in a space company that has average annual gross receipts not exceeding $100 million and that derives more than 70 percent of its gross receipts from space-based business; and (3) exclude from gross income gain from the sale or exchange of any stock of certain space corporations.
Bill· HRH.R. 1014 (109th)referred
United States · United States Congress · 1 March 2005
Senior Citizens' Tax Relief Act of 2005 - Amends the Internal Revenue Code to repeal the 85 percent maximum tax rate on Social Security and Railroad Retirement benefits enacted by the Omnibus Budget Reconciliation Act of 1993. Appropriates, from the general fund, to the Hospital Insurance Trust Fund amounts equal to the reduction in revenues resulting from this repeal.
Bill· HRH.R. 1010 (109th)referred
United States · United States Congress · 1 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.
Bill· HRH.R. 1005 (109th)referred
United States · United States Congress · 1 March 2005
Veterans Medical Research Assistance Voluntary Option Act of 2005 - Amends the Internal Revenue Code to permit a taxpayer to designate all or part of an income tax overpayment for Department of Veterans Affairs medical research. States that any such amount shall be treated as: (1) a refund to the taxpayer; and (2) a contribution to the United States. Establishes in the Treasury the Department of Veterans Affairs Medical and Prosthetic Research Gift Fund.
Bill· HRH.R. 996 (109th)open
United States · United States Congress · 1 March 2005
Amends the Internal Revenue Code to extend through FY 2011 excise tax provisions relating to: (1) certain buses; (2) special motor fuels; (3) certain alcohol fuels; (4) heavy trucks and trailers; (5) tires; (6) gasoline, diesel fuel, and kerosene; (7) heavy vehicles; (8) taxable periods for highway motor vehicles; and (9) floor stock refunds. Extends through FY 2011: (1) fuel excise tax exemptions for certain tax-free sales and for the highway use tax; (2) authority for transfers of fuel excise tax revenues to the Highway Trust Fund; and (3) authority for transfers from the Highway Trust Fund to the Boat Safety Account to equal motorboat fuel taxes and small-engine fuel taxes collected during a specified period. Extends through FY 2009 authority for expenditures from the Highway Trust Fund and the Mass Transit Account for certain Federal-aid highway programs. Extends through FY 2009 authority for expenditures from the the Boat Safety Account and for limitations on transfers to the Aquatic Resources Trust Fund. Eliminates certain refund provisions relating to reductions in tax rates for alcohol fuels and taxable fuels enacted by the American Jobs Creation Act of 2004. Terminates the 21.8 cents per gallon tax rate for aviation jet fuel after September 30, 2007, reducing such rate to 4.3 cents per gallon. Requires users of aviation jet fuel to register with the Internal Revenue Service to qualify for reduced tax rates.
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