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1,051 records in US in 2007
United States · United States Congress · 13 March 2007
Bicycle Commuters Benefits Act of 2007 - Amends the Internal Revenue Code to include a bicycle commuting allowance as a qualified transportation fringe benefit, excludable from gross income.
United States · United States Congress · 13 March 2007
Higher Education Opportunity Act of 2007 - Amends the Internal Revenue Code to replace the hope and lifetime learning tax credits with a higher education opportunity tax credit. Allows a higher education opportunity tax credit for 100% of qualified tuition and related expenses (including a certain allowance for books) up to $1,000, 50% for such expenses between $1,000 and $3,000, and 20% of such expenses between $3,000 and $5,500. Reduces credit amounts for taxpayers with modified adjusted gross incomes over $70,000 ($140,000 in the case of a joint return). Limits such credit to three eligible students per taxpayer in any taxable year and for four taxable years. Denies such credit to certain part-time students and students convicted of a felony drug offense. Repeals the tax deduction for qualified tuition and related expenses.
United States · United States Congress · 13 March 2007
Amends the Internal Revenue Code to include a bicycle commuting allowance as a qualified transportation fringe benefit, excludable from gross income.
United States · United States Congress · 13 March 2007
Family Friendly Employers Act of 2007 - Amends the Internal Revenue Code to expand the tax exclusion for employer-provided educational assistance to include assistance provided to dependents of an employee. Limits the annual amount of the exclusion for such dependents to $2,500.
United States · United States Congress · 13 March 2007
Legal Timber Protection Act - Amends the Lacey Act Amendments of 1981 to make it unlawful for any person to import, export, transport, sell, receive, acquire, purchase in interstate or foreign commerce, or possess any plant taken (i.e., captured, killed, harvested, or collected) in a foreign country that is: (1) taken, transported, or sold in violation of any law that applies in the place (including a park, forest reserve, or other officially protected area) where the harvest, taking, transport, or sale occurs; (2) taken without paying required royalties, taxes, or stumpage fees; (3) exported or transhipped in violation of any legal limitation; (4) taken, exported, or transhipped in violation of any international law, treaty, or international agreement, or (5) without any official documentation of compliance with applicable legal requirements. Redefines "plant" to mean any wild member of the plant kingdom, including roots, seed, parts, and products thereof (but excluding common food crops and cultivars).
United States · United States Congress · 13 March 2007
Amends title XXI (State Children's Health Insurance Program) (SCHIP) to direct the Secretary of Health and Human Services to allot to each remaining shortfall state the amount that the Secretary determines will eliminate the estimated shortfall for the SCHIP program for the state for FY2007. Makes necessary appropriations.
United States · United States Congress · 13 March 2007
Amends title XXI (State Children's Health Insurance) (SCHIP) of the Social Security Act to require the Secretary of Health and Human Services to apply specified rules for an additional redistribution of amounts from unexpended FY2005-FY2006 allotments to address funding shortfalls in SCHIP for FY2007.
United States · United States Congress · 13 March 2007
Amends the Internal Revenue Code, with respect to taxation of U.S. shareholders of controlled foreign corporations, to permanently extend the subpart F exemption (which excludes such income from the shareholder's foreign personal holding company income) for active financing (insurance, banking, financing, or similar businesses) income earned on business operations overseas.
United States · United States Congress · 13 March 2007
Short Sea Shipping Promotion Act of 2007 - Amends the Internal Revenue Code to exempt from the harbor maintenance tax cargo contained in intermodal cargo containers and loaded by crane on a vessel, or cargo loaded on a vessel by means of wheeled technology, that is: (1) loaded at a U.S. port and unloaded at another U.S. port or a port in Canada located in the Great Lakes Saint Lawrence Seaway System; or (2) loaded at a port in Canada located in the Great Lakes Saint Lawrence Seaway System and unloaded at a U.S. port. Defines the "Great Lakes Saint Lawrence Seaway System" as the waterway between Duluth, Minnesota and Sept. Iles, Quebec, Canada, encompassing the five Great Lakes, their connecting channels, and the Saint Lawrence River.
United States · United States Congress · 13 March 2007
Gasoline Price Stabilization Act of 2007 - Sets forth circumstances under which the President may issue orders and regulations to stabilize prices for wholesale and retail gasoline at certain levels. Amends the Energy Policy and Conservation Act to include, among prerequisites to a drawdown and sale from the Strategic Petroleum Reserve, a presidential determination that a severe price increase resulting from an emergency situation is likely to cause a major adverse impact upon a state or regional economy. Expands the scope of "severe energy supply interruption" to encompass a reduction in supply that is substantially caused by conduct that either lessens competition, or tends to create a monopoly, by: (1) at least one foreign country or international entity; or (2) at least one producer, refiner, or marketer of petroleum products. Directs the Secretary of Energy to establish mandatory minimum inventory levels of crude oil and petroleum products in order to limit the impact of unexpected supply disruptions on wholesale and retail prices. Amends the Mineral Leasing Act to repeal the authorization to export Alaskan North slope oil. Amends the Internal Revenue Code to: (1) impose upon an integrated oil company an additional excise tax relating to windfall profits on crude oil, to be paid by its producer; and (2) allow a tax credit for the purchase cost of any qualified fuel-efficient American-made passenger vehicle. Amends the Clayton Act to: (1) prohibit certain oil industry mergers; and (2) place a one-year moratorium upon large petroleum and crude oil mergers. Establishes the Petroleum Industry Concentration and Market Power Review Commission to study the concentration of ownership in the exploration, production, transportation, refinement, wholesale distribution, and retail sale of crude oil and petroleum products in the United States. Amends federal transportation law to increase the average fuel economy (CAFE) standards for passenger automobiles. Requires federal agency heads to manage vehicle procurement in a manner that results in specified increases in the average fuel economy of the federal vehicle fleet.
United States · United States Congress · 13 March 2007
Amends the Servicemembers Civil Relief Act to allow a military reservist who is ordered to active duty for a period of more than 90 days: (1) an exemption during the period of active duty from payment of rent on a primary residence occupied by such member or dependents; and (2) a deferral of mortgage payments on a principal residence. Amends the Internal Revenue Code to allow lessors of military reservists granted an exemption from rent payments under this Act a refundable tax credit for the exempted lease amounts.
United States · United States Congress · 13 March 2007
Affordable Housing Preservation Tax Relief Act of 2007 - Amends the Internal Revenue to exclude from gross income gain from the sale or exchange of certain multifamily housing property to a housing credit agency or related organization (preservation entity) that agrees to maintain certain affordability and use restrictions for such property. Limits the excludable amount of such gain to the depreciation adjustments for such property.
United States · United States Congress · 12 March 2007
Military Access to Housing Act of 2007 - Amends the Internal Revenue Code to exclude military basic housing allowances from income for purposes of establishing eligibility for housing in qualified residential rental projects.
United States · United States Congress · 12 March 2007
Authorizes the Secretary of the Air Force to acquire real property and carry out military construction projects at Cannon Air Force Base, New Mexico. Authorizes appropriations for FY2008 for such purposes.
United States · United States Congress · 12 March 2007
Military Access to Housing Act of 2007 - Amends the Internal Revenue Code to exclude military basic housing allowances from income for purposes of establishing eligibility for housing in qualified residential rental projects.
United States · United States Congress · 12 March 2007
Commuter Benefits Equity Act of 2007 - Amends the Internal Revenue Code to equalize and increase to $200, with a modified cost-of-living adjustment, the tax exclusion for both transportation and parking fringe benefits. Extends such benefits to federal employees.
United States · United States Congress · 12 March 2007
Citizen Involvement in Campaigns Act of 2007- Amends the Internal Revenue Code to allow: (1) a $200 tax credit ($400 for joint returns) for contributions to a candidate for federal elective public office or to the national committee of a national political party; and (2) a tax deduction (available to taxpayers who do not itemize deductions) for such political contributions up to $600 ($1,200 for joint returns).
United States · United States Senate · 9 March 2007
United States · United States Senate · 9 March 2007
United States · United States Congress · 9 March 2007
Competitiveness through Education, Technology, and Enterprise Act of 2007 or the COMPETE Act of 2007 - Amends the Internal Revenue Code to provide tax incentives for research and education by: (1) making permanent the credit for increasing research activities; (2) providing a credit for information and communications technology education; and (3) setting an alternative percentage limitation for corporate charitable contributions to the mathematics and science partnership program. Directs the Administrator of the Small Business Administration to establish an SBIR-STEM Workforce Development Grant Pilot program awarding bonus grants to grantees under the Small Business Innovation Research program to provide workforce development opportunities to college students in the science, technology, engineering, and mathematics fields. Expresses the sense of the Senate that the maximum Pell Grant should be increased from $4,600 for academic year 2008-2009 to $5,400 for academic year 2012-2013. Authorizes the Secretary of Energy to award matching grants to institutions of higher education to: (1) provide stipends or other financial assistance for students enrolled in graduate programs in the sciences, technology, engineering, or mathematics; and (2) support outreach and mentoring activities to increase the participation of underrepresented groups in the sciences, technology, engineering, or mathematics at all or any level of education, including elementary, secondary and postsecondary education. Amends the Elementary and Secondary Education Act of 1965 to direct the Secretary of Education to make partnership bonus grants annually to a certain number of elementary and of secondary schools in each state that show the most improvement in mathematics and in science, respectively.
United States · United States Congress · 9 March 2007
Children's Health Equity Technical Amendments Act of 2007 - Amends title XXI (State Children's Health Insurance Program) (SCHIP) of the Social Security Act to permit qualifying states to use up to 20% of their SCHIP allotment for any fiscal year (currently, only for FY1998-FY2007) for certain Medicaid expenditures for individuals under age 19 whose family income exceeds 150% of the poverty line. Revises the eligibility requirements for such allowable expenditures to reduce the family income threshold from a minimum of 150% of the poverty line to a minimum of 125% of the poverty line.
United States · United States Congress · 9 March 2007
Family Farm Preservation Act of 2007 - Amends the Internal Revenue Code to exclude from gross income gain from the sale or exchange of qualified farmland development rights to a tax-exempt conservation organization. Defines "qualified farmland development rights" as a restriction limiting farmland to use as a farm for farming purposes or for exclusively conservation purposes.
United States · United States Congress · 9 March 2007
Paul Wellstone Mental Health and Addiction Equity Act of 2007 - Amends the Employee Retirement Income Security Act of 1974 (ERISA), the Public Health Service Act, and the Internal Revenue Code to prohibit treatment limits or the imposition of financial requirements on mental health and substance-related disorder benefits in group health plans which are not similarly imposed on substantially all medical and surgical benefits in any category of items or services under such plans. Directs the Comptroller General to study the effect of the implementation of this Act on various aspects of the health care system, including the cost of and access to health insurance coverage, the quality of health care, Medicare, Medicaid, and state and local mental health and substance abuse treatment spending, and spending on public services.
United States · United States Congress · 9 March 2007
National Guard and Reserve Retirement Modernization Act - Amends federal law concerning receipt of retired pay for non-regular service to provide that, in the case of a member of the Ready Reserve who serves on active duty after September 11, 2001, in support of a contingency operation or in response to a national emergency, retirement eligibility age shall be reduced below 60 by three months for each aggregate of 90 days during which the member so performs in any fiscal year after such date. Prohibits such retirement eligibility date from being reduced below age 50. Continues age 60 as the minimum eligibility age for DOD-authorized health care for such retirees.
United States · United States Congress · 9 March 2007
Amends the Deficit Reduction Act of 2005 to revise the classification criterion used to determine whether a hospital or hospital unit is an inpatient rehabilitation facility under title XVIII (Medicare) of the Social Security Act. Eliminates the current schedule of applicable percentages. Directs the Secretary of Health and Human Services, instead, to require in the classification criterion a compliance rate no greater than the 60% compliance rate that became effective for cost reporting periods beginning on or after July 1, 2006. Requires the Secretary, for cost reporting periods beginning on or after July 1, 2008, to include patients with comorbidity in the inpatient population that counts towards such 60% compliance rate. Requires the Centers for Medicare & Medicaid Services and Medicare fiscal intermediaries, Medicare administrative contractors, recovery audit contractors, and other government agents to use and apply the criteria established in HCFA Ruling 85-2, as issued on July 31, 1985, as the sole standard for determining the medical necessity of servivces provided by inpatient rehabilitation hospitals and units to Medicare beneficiaries. Directs the Secretary to report to specified congressional committees: (1) an examination of the impact of the 75% rule on the Medicare program, and specifically on Medicare beneficiaries; and (2) alternatives to the 75% rule policy for determining exclusion criteria for inpatient rehabilitation hospital and unit designation under the Medicare program.
United States · United States Congress · 9 March 2007
Tax Free Road Home Act of 2007 - Amends the Internal Revenue Code to exclude from gross income payments to individual taxpayers from the Louisiana Road Home program for rebuilding or renewing a personal residence.
United States · United States Congress · 9 March 2007
Federal Housing Finance Reform Act of 2007 - Amends the Housing and Community Development Act of 1992 (Act) to establish the Federal Housing Finance Agency (FHFA), which shall have supervisory and regulatory authority over the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) ("enterprises") and the Federal Home Loan Banks. Establishes the Federal Housing Enterprise Finance Oversight Board to advise the Director. Authorizes the Director to: (1) raise minimum capital levels to ensure that regulated entities operate in a safe and sound manner; (2) establish temporary minimum capital increases; and (3) establish additional capital and reserve requirements for a particular program. Amends the Federal Financial Institutions Examination Council Act of 1978 to include the Director on the Federal Financial Institutions Examination Council (FFIEC). Transfers from the Department of Housing and Urban Development (HUD) to FHFA, the authority to approve programs and to oversee the mission requirements of the enterprises. Sets forth enterprise conforming loan limits for small family residences, and related requirements. Requires the Director to establish an annual purchase goal for each enterprise for conventional, conforming, single-family, owner-occupied, and purchase money mortgages for: (1) low-income families; (2) families residing in low-income areas; and (3) very low-income families. Requires the Director to establish a Multifamily Special Affordable Goal for mortgages that finance: (1) dwelling units for low-income families and very low-income families; and (2) dwelling units assisted by the low-income housing tax credit. Requires each enterprise to: (1) undertake activities relating to mortgages on housing for very low-, low-, and moderate-income families involving a reasonable economic return that may be less than the return earned on other activities; and (2) increase the liquidity of mortgage investments and improve the distribution of investment capital available for mortgage financing for underserved markets. Requires the Director to establish and manage an affordable housing fund. Amends the Act to require the Director to establish capital classifications for regulated entities. Prohibits a regulated entity from making a capital distribution that would result in its undercapitalization. Prescribes supervisory action governing undercapitalized and significantly undercapitalized regulated entities. Authorizes the Director to establish a conservatorship or receivership over a critically undercapitalized regulated entity . Amends the Federal Home Loan Bank Act to replace the Federal Housing Finance Board with FHFA. Abolishes: (1) the Office of Federal Housing Enterprise Oversight (OFHEO) of HUD; and (2) the Federal Housing Finance Board. Directs the Secretary of HUD to transfer the enterprise-related functions and employees of HUD to FHFA.
United States · United States Congress · 9 March 2007
New Options Petroleum Energy Conservation Act of 2007 - Amends the Internal Revenue Code to allow a tax credit for investment in a climate neutral combustion facility. Defines "climate neutral combustion facility" as any facility which: (1) burns matter to produce electricity; (2) captures and uses carbon dioxide released during combustion to recover hydrocarbon fuel; and (3) produces no emissions of mercury or greenhouse gasses and no emissions that form fine particulate, smog, or acid rain. Extends through 2012 the tax credits for investment in solar energy property and for residential energy efficient property expenditures. Directs the Secretary of Energy to establish a program to award $1 billion to the first U.S. automobile manufacturer who manufactures and sells in the United States 60,000 midsized sedans which operate on gasoline and can travel at 100 miles per gallon. Authorizes appropriations for the development of advanced lithium ion battery technology. Allows a taxpayer election to expense biofuel refining property.
United States · United States Congress · 9 March 2007
Amends the Internal Revenue Code to: (1) make permanent the tax deduction for qualified tuition and related expenses; (2) increase the maximum amount of such deduction to $5,000 and repeal provisions requiring a phaseout of the deduction based on adjusted gross income; and (3) allow grandparents to claim a deduction for the tuition and related expenses of their grandchildren.
United States · United States Senate · 8 March 2007
United States · United States House of Representatives · 8 March 2007
United States · United States House of Representatives · 8 March 2007
United States · United States Senate · 8 March 2007
United States · United States Congress · 8 March 2007
Parents' Tax Relief Act of 2007 - Amends the Internal Revenue Code to: (1) provide for a minimum tax credit for household and dependent care services for dependents under the age of seven and to phase out such credit based on the amount by which the taxpayer's adjusted gross income exceeds a threshold amount; (2) increase to $5,000 the amount of the personal tax exemption; (3) eliminate the marriage penalty in all income tax brackets and in the tax deduction for student loan interest; (4) establish a standard tax deduction for expenses related to business usage of a home; (5) make permanent increases in the child tax credit and adjust the amount of such credit for inflation on an annual basis after 2007; (6) allow employers a tax credit for employees who telecommute; and (7) allow an exclusion from employee gross income for employer-provided computer equipment used to work at home. Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to award social security credits to parents who stay at home, instead of working outside the home, to care for children who are either under age seven. Authorizes transfers from the general fund to specified Social Security trust funds to cover the cost of such credits.
United States · United States Congress · 8 March 2007
National Priorities Act of 2007 - Rescinds after 2008 income tax reductions enacted under the Economic Growth and Tax Relief Reconciliation Act of 2001 and the Jobs and Growth Tax Relief Reconciliation Act of 2003 for taxpayers with gross incomes in 2008 of over $400,000. Reduces funding for the Department of Defense by $60 billion in FY2008. Authorizes the Secretary of Defense to make reductions by eliminating waste, fraud, and abuse, and weapon systems and other programs determined to be no longer a national security priority. Exempts from such reductions the needs of military personnel, including pay increases and health care. Dedicates increases in revenues resulting from this Act to: (1) various programs for health care, education, energy conservation, and affordable housing; (2) increasing the earned income credit; and (3) reducing the federal deficit.
United States · United States Congress · 8 March 2007
Amends the Internal Revenue Code to expand the tax deduction for attorney's fees and courts costs to allow an above-the-line deduction for such fees and costs paid in connection with any legal action involving a civil claim (currently, limited to actions involving unlawful discrimination, the False Claims Act, and Medicare payments).
United States · United States Congress · 8 March 2007
Amends the Internal Revenue Code to allow attorneys a tax deduction in the current taxable year for reimbursable expenses and court costs which they pay or incur in connection with contingency fee cases.
United States · United States Congress · 8 March 2007
Public Good IRA Rollover Act of 2007 - Amends the Internal Revenue Code to exclude from gross income distributions from individual retirement accounts for certain charitable purposes.
United States · United States Congress · 8 March 2007
EXTEND the Energy Efficiency Incentives Act of 2007 - Amends the Internal Revenue Code to: (1) to allow individual taxpayers a tax credit, through 2011, for residential energy efficiency expenditures certified to achieve certain levels of energy savings; (2) modify standards for nonbusiness energy property (i.e., air conditioners, heat pumps, water heaters, etc.) and extend the tax credit for such property through 2011; (3) revise the tax credit for solar electric and hot water property to include all technologies for solar-derived electricity; (4) extend through 2011 the tax credit for new energy efficient homes; (5) extend through 2014 the tax deduction for energy efficient commercial buildings and increase the maximum amount of such deduction; (6) allow tax deductions for energy efficient low-rise buildings used for multifamily housing and for energy efficient property expenditures; (7) extend through 2011 the investment tax credit for solar energy and fuel cell property; and (8) allow a business-related tax credit for qualified training and certification costs and equipment expenditures for certifying residential energy savings.
United States · United States Congress · 8 March 2007
Amends the Internal Revenue Code to increase the child tax credit for the first year a child is claimed as a qualifying child. Renders the general terminating date of the Economic Growth and Tax Relief Reconciliation Act of 2001 (i.e., December 31, 2010) inapplicable to amendments made to the child tax credit by that Act.
United States · United States Congress · 8 March 2007
Public Good IRA Rollover Act of 2007 - Amends the Internal Revenue Code to exclude from gross income distributions from individual retirement accounts for certain charitable purposes.
United States · United States Congress · 8 March 2007
Amends the Internal Revenue Code to allow members of the Armed Forces who have served on active duty in a combat zone for 90 days or more (including hospitalizations due to wounds, disease, or injury incurred while in combat) a tax deduction from gross income for two percent of their adjusted gross income up to $2,000.
United States · United States Congress · 8 March 2007
Amends the Internal Revenue Code to exclude from gross income 2% of the compensation of members of the Armed Forces for active service and inactive-duty training.
United States · United States Congress · 8 March 2007
Higher Education Affordability and Equity Act of 2007 - Amends the Internal Revenue Code to: (1) repeal the dollar limitation on the tax deduction for interest on education loans and expand eligibility for such deduction by revising the modified adjusted gross income phaseout for such deduction; (2) make the tax deduction for qualified tuition and related expenses permanent; (3) increase from $2,000 to $5,000 the maximum allowable contribution to a Coverdell savings account; (4) exclude from gross income amounts received for qualified higher education expenses (e.g., books, supplies, room, board, and special needs services); and (5) allow certain additional expenses (e.g., fees, books, supplies, and equipment) for purposes of the Hope Scholarship Tax Credit and provide that such tax credit shall not be reduced by Federal Pell Grants and Supplemental Educational Opportunity (SEOG) Grants. Repeals the sunset provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) applicable to title IV, subtitles A, B, and D (Affordable Education Provisions) of such Act.
United States · United States Congress · 8 March 2007
Parents' Tax Relief Act of 2007 - Amends the Internal Revenue Code to: (1) provide for a minimum tax credit for household and dependent care services for dependents under the age of seven and to phase out such credit based on the amount by which the taxpayer's adjusted gross income exceeds a threshold amount; (2) increase to $5,000 the amount of the personal tax exemption; (3) eliminate the marriage penalty in all income tax brackets and in the tax deduction for student loan interest; (4) establish a standard tax deduction for expenses related to business usage of a home; (5) make permanent increases in the child tax credit and adjust the amount of such credit for inflation on an annual basis after 2007; (6) allow employers a tax credit for employees who telecommute; and (7) allow an exclusion from employee gross income for employer-provided computer equipment used to work at home. Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to award social security credits to parents who stay at home, instead of working outside the home, to care for children who are either under age seven. Authorizes transfers from the general fund to specified Social Security trust funds to cover the cost of such credits.
United States · United States Congress · 8 March 2007
Endangered Species Recovery Act of 2007- Amends the Internal Revenue Code to allow certain landowners whose property contains the habitat of an endangered or threatened species and who enter into a habitat protection agreement a tax credit for costs relating to habitat protection easements and restoration. Places limits on the amount of such credit for calendar years 2008, 2009, 2010, 2011, and 2012. Directs the Comptroller General of the United States to study and report to Congress on the effectiveness of such credit. Allows a tax deduction for expenditures related to recovery plans approved by the Endangered Species Act of 1973. Excludes from gross income certain payments under: (1) the Partners for Fish and Wildlife Program authorized by the Partners for Fish and Wildlife Act; and (2) the Landowner Incentive Program, the State Wildlife Grants Program, and the Private Stewardship Grants Program authorized by the Fish and Wildlife Act of 1956.
United States · United States House of Representatives · 7 March 2007
United States · United States House of Representatives · 7 March 2007
United States · United States Senate · 7 March 2007
United States · United States Senate · 7 March 2007