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1,101 records in US in 2003
United States · United States Congress · 4 February 2003
Amends Public Law 107-229 to extend until February 20, 2003, specified continuing appropriations for FY 2003.
United States · United States Congress · 4 February 2003
Amends Public Law 107-229 to extend until February 14, 2003, specified continuing appropriations for FY 2003.
United States · United States Congress · 4 February 2003
Sets forth the rule for consideration of H.J. 18 (making further appropriations for FY 2003).
United States · United States Congress · 30 January 2003
Charity Aid, Recovery, and Empowerment Act of 2003 or the CARE Act of 2003 - Amends the Internal Revenue Code with respect to charitable giving, charitable organizations, and social services to, among other things: (1) allow a deduction for a portion of charitable contributions to individuals who do not itemize; (2) allow tax-free distributions from individual retirement accounts for charitable purposes; (3) allow for the exclusion of 25 percent of gain on sales or exchanges of land or water interests to eligible entities for conservation purposes; (4) exclude mileage reimbursements to charitable volunteers from gross income; (5) increase oversight of tax-exempt organizations; (6) suspend the tax-exempt status of terrorist organizations; (7) modify the excise tax on unrelated business taxable income of charitable remainder trusts; (8) repeal the grassroots expenditure limit for charitable organizations; (9) modify the definition of convention or association of churches to state that no such grouping shall fail to qualify merely because individuals are members or because individuals have voting rights in such organization; (10) count certain payments made by charitable organizations to victims in the war against terrorism as related to the purpose or function constituting the basis for such organizations' exemptions; (11) restore funds for the Social Services Block Grant; (12) restore authority to transfer up to ten percent of Temporary Assistance to Needy Families funds to the Social Services Block Grant. Savings for Working Families Act of 2003 - States as a purpose of this Act to provide for the establishment of individual development account programs that will provide individuals and families with limited means an opportunity to accumulate assets and to enter the financial mainstream. Provides procedures for opening and maintaining such an account and qualifying for matching funds. Authorizes appropriations for the: (1) Savings for Working Families Act of 2003; and (2) administration of exempt organizations by the Internal Revenue Service. Authorizes the Secretary of Health and Human Services to award grants to and enter into cooperative agreements to support nonprofit community-based organizations. Authorizes appropriations. Prohibits requiring a nongovernmental social service organization to: (1) remove religious art, icons, or scripture; (2) alter its charter; or (3) alter religious qualifications for board membership. Amends the Runaway and Homeless Youth Act to provide for maternity group homes and evaluation of such homes.
United States · United States Congress · 30 January 2003
Amends the Internal Revenue Code, with respect to involuntary conversion rules, to extend the replacement period for livestock sold on account of weather related conditions.
United States · United States Congress · 30 January 2003
Amends the Internal Revenue Code to provide that ancestors and lineal descendants of past or present members of the armed forces shall be taken into account in determining whether a veterans' organization is exempt from tax.
United States · United States Congress · 30 January 2003
Amends the Internal Revenue Code to establish that all property of "covered expatriates" shall be treated as sold on the day before the "expatriation date" for its fair market value, and that gain and loss shall be taken into account for the taxable year of the sale (with proper subsequent adjustment). Defines "expatriate" and "expatriation date." Permits an individual to make an irrevocable decision to defer the additional tax attributable to such property provided that adequate security is furnished and that the individual waives any rights under treaties of the United States that would preclude assessment or collection of relevant tax. Excludes certain "United States real property interests" and interest in certain retirement plans from counting as sold under this Act. Establishes special rules applicable to "covered expatriates'" interests in trusts and qualified trusts, including a tax in instances of the latter. Sets forth that such tax shall be replaced by another tax under certain delineated conditions, including if a trust ceases to be a qualified trust. Imposes a tax on "covered gifts and bequests" of more than $10,000 from expatriates to American citizens and residents, with certain specified exceptions.
United States · United States Congress · 30 January 2003
Telecommunications Ownership Diversification Act of 2003 - Amends the Internal Revenue Code to allow an electing taxpayer to treat a qualified telecommunications business sale to an eligible purchaser as an involuntary conversion. Places limits on the ensuing tax benefit. Defines an eligible purchaser as: (1) an economically and socially disadvantaged business; or (2) a corporation or partnership which, following the purchase, has substantially all of its assets in the telecommunications business and is at least five percent owned by the Telecommunications Development Fund. Provides a limited tax credit to a local exchange carrier that is not a Bell operating company and is headquartered in an empowerment zone. Provides for the exclusion from income of 50 percent of the gain on any sale or exchange of stock in an eligible purchaser engaged in a telecommunications business held for more than five years. Directs the Comptroller General to biennially audit the administration of the provisions of this Act and issue a report.
United States · United States Congress · 30 January 2003
Municipal Debt Refinancing Act- Amends the Internal Revenue Code to permit a second or third advance refunding of bonds if the original bond was issued to finance governmental facilities used for essential government functions.
United States · United States Congress · 30 January 2003
Transportation Tax Equity and Fairness Act - Amends the Internal Revenue Code to repeal the special fuel excise tax on railroads and inland waterway transportation. Subjects diesel fuel used in trains to the additional tax for the Leaking Underground Storage Tank Trust Fund.
United States · United States Congress · 30 January 2003
CARE Act of 2003 - Amends the Internal Revenue Code with respect to charitable giving, charitable organizations, and social services to, among other things: (1) allow a deduction for a portion of charitable contributions to individuals who do not itemize; (2) allow tax-free distributions from individual retirement accounts for charitable purposes; (3) allow for the exclusion of 25 percent of gain on sales or exchanges of land or water interests to eligible entities for conservation purposes; (4) exclude mileage reimbursements to charitable volunteers from gross income; (5) increase oversight of tax-exempt organizations; (6) suspend the tax-exempt status of terrorist organizations; (7) modify the excise tax on unrelated business taxable income of charitable remainder trusts; (8) repeal the grassroots expenditure limit for charitable organizations; (9) modify the definition of convention or association of churches to state that no such grouping shall fail to qualify merely because individuals are members or because individuals have voting rights in such organization; (10) count certain payments made by charitable organizations to victims in the war against terrorism as related to the purpose or function constituting the basis for such organizations' exemptions; (11) restore funds for the Social Services Block Grant; and (12) restore authority to transfer up to ten percent of Temporary Assistance to Needy Families funds to the Social Services Block Grant. Savings for Working Families Act of 2003 - States as a purpose of this Act to provide for the establishment of individual development account programs that will provide individuals and families with limited means an opportunity to accumulate assets and to enter the financial mainstream. Provides procedures for opening and maintaining such an account and qualifying for matching funds. Authorizes appropriations for the: (1) Savings for Working Families Act of 2003; and (2) administration of exempt organizations by the Internal Revenue Service.
United States · United States Congress · 30 January 2003
SUV Business Tax Loophole Closure Act - Amends the Internal Revenue Code to include sports utility vehicles (SUVs) in the limitation on depreciation of certain luxury automobiles.
United States · United States Congress · 29 January 2003
Art and Collectibles Capital Gains Tax Treatment Parity Act - Amends the Internal Revenue Code to provide art and collectibles with the same capital gain rates as other assets held long-term. Establishes a (limited) fair market value deduction for qualifying literary, musical, artistic, or scholarly charitable contributions created and donated by the taxpayer.
United States · United States Congress · 29 January 2003
Extends the tax benefits available under the Internal Revenue Code for services performed in a combat zone to active duty performed by a member of the U.S. armed forces on the Island of Diego Garcia.
United States · United States Congress · 29 January 2003
Amends the Internal Revenue Code respecting the small ethanol producer credit to: (1) authorize credit allocation among a cooperative's patrons; (2) increase the gallon capacity for eligible producers; (3) make the credit a non-passive income credit; and (4) remove the credit from the alcohol fuel credit gross income inclusion.
United States · United States Congress · 29 January 2003
Includes dependent care assistance within the definition of a qualified military benefit which shall be excluded from gross income, thus excluding such assistance from gross income for uniformed service members and former members.
United States · United States Congress · 29 January 2003
Amends the Internal Revenue Code concerning the medical care deduction to: (1) include meals away from home within the deduction; and (2) eliminate the $50 per individual per night ceiling for medically related meals and lodging.
United States · United States Congress · 29 January 2003
Healthcare Empowerment for Local Personnel and Teachers Act of 2003 or the HELP Teachers Act of 2003 - Amends the Internal Revenue Code to permit employees of county and local governments and of schools to maintain medical savings accounts.
United States · United States Congress · 29 January 2003
Amends the Internal Revenue Code to establish a credit for producing oil and gas from marginal wells. Extends, by five years, the credit for producing fuel from a nonconventional source.
United States · United States Congress · 29 January 2003
Rancher HELP (Help Extend Livestock Proceeds) Act of 2003 - Amends the Internal Revenue Code, with respect to involuntary conversion rules, to extend the replacement period for livestock sold on account of weather related conditions.
United States · United States Congress · 29 January 2003
Education, Achievement, and Opportunity Act - Amends the Internal Revenue Code to establish a limited, income adjusted, elementary and secondary school expenses credit (up to $2,500 for elementary school expenses and $3,500 for secondary school expenses) for each qualifying child attending either a public or private school.
United States · United States Congress · 29 January 2003
Amends the Economic Growth and Tax Relief Reconciliation Act of 2001 to make permanent the increases in assistance pursuant to the dependent care tax credit. Amends the Internal Revenue Code to make such credit refundable.
United States · United States Congress · 29 January 2003
Amends the Internal Revenue Code to establish for employers a Ready Reserve-National Guard employee tax credit equal to 50 percent of the actual compensation amount for a taxable year. Defines "actual compensation amount" as the amount of compensation paid or incurred by an employer with respect to a Ready Reserve-National Guard employee on any day during a taxable year when the employee was absent from employment for the purpose of performing qualified active duty.
United States · United States Congress · 29 January 2003
Livestock Reinvestment Extension Act of 2003 - Amends the Internal Revenue Code to allow farmers to delay the inclusion in income of the amount earned from the sale of excess livestock due to Federal land management policy or action or to severe weather conditions until the second year following the year in which the special circumstance ceased to exist.(present law allows for inclusion of such income in the year following a year of severe weather). Sets forth new rules for drought designations. Modifies rules for replacement of involuntarily converted livestock, including to extend the replacement period (for both weather-related sales and sales forced by Federal policy) and to prescribe that an heir to an estate may replace such property within the required time frame. Applies this Act to sales and exchanges made after December 31, 2000.
United States · United States Congress · 29 January 2003
Amends the Internal Revenue Code to increase the standard mileage rate deduction for the charitable use of passenger automobiles from 14 cents per mile to the standard mileage rate prescribed by the Secretary of the Treasury for business purposes.
United States · United States Congress · 29 January 2003
Investment in America Act of 2003 - Amends the Internal Revenue Code to make permanent the credit for increasing research activities. Increases the alternative incremental credit rates. Provides an alternative credit for qualified research expenses.
United States · United States Congress · 29 January 2003
Economic Growth Act of 2003 - Amends the Internal Revenue Code to: (1) reduce the net capital gain tax rate; and (2) increase the amount of capital losses which may offset ordinary income.
United States · United States Congress · 29 January 2003
Capital Reinvestment Act of 2003 - Amends the Internal Revenue Code to exclude long-term capital gain from gross income for the taxable years beginning in 2002, 2003, and 2004.
United States · United States Congress · 29 January 2003
Freedom from Unfair Energy Levy Act - Amends the Internal Revenue Code to: (1) suspend, for six months, motor fuels taxes; and (2) repeal the 1993 4.3 cents per gallon increase in motor fuel taxes. Sets forth floor stock provisions.
United States · United States Congress · 29 January 2003
Amends the Internal Revenue Code respecting the Hope Scholarship Credit to: (1) extend coverage to fees, books, supplies, and equipment, and exempt such expenses from information reporting requirements; and (2) not reduce such Credit by Federal Pell Grant and Supplemental Educational Opportunity Grant amounts.
United States · United States Congress · 29 January 2003
Zuni Indian Tribe Water Rights Settlement Act of 2003 - Ratifies the Settlement Agreement concerning Zuni Indian Tribe water rights claims in the Little Colorado River basin, Arizona. Includes the provision of assistance for acquiring surface water rights and wetland restoration. Names the Tribe, the State of Arizona and specified state agencies, specified neighboring non-Indian communities, and specified water and power companies as parties to the agreement. Directs the Secretary of the Interior to execute the Settlement Agreement and subsequent, mutually agreed upon amendments. Establishes and authorizes appropriations to the Zuni Indian Tribe Water Rights Development Fund to be allocated among specified activities, including the acquisition of water rights and restoration at the Zuni Heaven Reservation. Includes funds paid to the Tribe as required by the Settlement Agreement. Conditions Zuni expenditures from such Fund upon the approval of a tribal management plan and an expenditure plan. Directs the Secretary to take title to specified lands in trust for the benefit of the Tribe, including lands to become part of the Reservation. Sets forth the status of such lands with regard to Federal and State water rights and ad valorem taxes. Extinguishes all claims for water rights in Zuni lands.
United States · United States Congress · 29 January 2003
Family Farm Protection Act - Amends the Internal Revenue Code to exclude from gross income any gain on the sale of a qualified family farm interest to a family member of the taxpayer. Requires the taxpayer (or a member of the taxpayer's family) to have participated materially in the farming business operation during the five years preceding the sale, and requires the family member purchasing the interest to participate materially during the five years following the sale. Provides for recapture of tax foregone because of the exclusion if during the five years following the sale: (1) the interest ceases to be used in a farming business; or (2) the purchasing family member fails to participate materially in the farming business.
United States · United States Congress · 29 January 2003
Amends the Internal Revenue Code to provide that, in the case of an electing individual, no gain shall be recognized on the receipt of a capital gain dividend distributed by a regulated investment company if such capital gain dividend is automatically reinvested in additional shares of the company pursuant to a dividend reinvestment plan.
United States · United States Congress · 29 January 2003
Small Business Health Insurance Affordability Act of 2003 - Amends the Internal Revenue Code to permit a limited tax credit for employers of 15 or fewer employees based on premiums paid for health insurance for employees. Denies an employer the credit if the relevant employee earned at least $40,000 or worked less than 400 hours for the year. Provides an adjustment for inflation.
United States · United States Congress · 29 January 2003
Revises, with respect to real property, Internal Revenue Code provisions concerning the treatment under the at-risk rules of publicly traded nonrecourse debt.
United States · United States Congress · 29 January 2003
War Should Involve Shared Sacrifice Act of 2003 - Suspends the phase-in of additional tax reductions under the Economic Growth and Tax Relief Reconciliation Act of 2001 during the current international conflict period. Defines such period.
United States · United States Congress · 29 January 2003
Amends the Internal Revenue Code respecting the small ethanol producer credit to: (1) authorize credit allocation among a cooperative's patrons; (2) increase the gallon capacity for eligible producers; (3) make the credit a non-passive income credit; and (4) remove the credit from the alcohol fuel credit gross income inclusion.
United States · United States Congress · 28 January 2003
Zuni Indian Tribe Water Rights Settlement Act of 2003 - Ratifies the Settlement Agreement concerning Zuni Indian Tribe water rights claims in the Little Colorado River basin, Arizona. Includes the provision of assistance for acquiring surface water rights and wetland restoration. Names the Tribe, the State of Arizona and specified state agencies, specified neighboring non-Indian communities, and specified water and power companies as parties to the agreement. Directs the Secretary of the Interior to execute the Settlement Agreement and subsequent, mutually agreed upon amendments. Establishes and authorizes appropriations to the Zuni Indian Tribe Water Rights Development Fund to be allocated among specified activities, including the acquisition of water rights and restoration at the Zuni Heaven Reservation. Includes funds paid to the Tribe as required by the Settlement Agreement. Conditions Zuni expenditures from such Fund upon the approval of a tribal management plan and an expenditure plan. Directs the Secretary to take title to specified lands in trust for the benefit of the Tribe, including lands to become part of the Reservation. Sets forth the status of such lands with regard to Federal and State water rights and ad valorem taxes. Extinguishes all claims for water rights in Zuni lands.
United States · United States Congress · 28 January 2003
Senior Citizens Tax Elimination Act - Amends the Internal Revenue Code to repeal the inclusion of any social security or tier I railroad retirement benefits in gross income. Appropriates non-appropriated Treasury amounts for the social security and railroad retirement funds to equal the amounts not transferred as a result of such repeal. Expresses the sense of Congress that tax increases will not be used to provide such revenue.
United States · United States Congress · 28 January 2003
Social Security Benefits Tax Relief Act of 2003 - Amends the Internal Revenue Code to repeal the 85 percent (second tier) taxation of Social Security and Railroad Retirement benefits. Appropriates, from the general fund, to the Hospital Insurance Trust Fund amounts equal to the reduction in revenue lost because of the repeal. Requires an annual report concerning the funds transferred from the general fund to the Trust Fund.
United States · United States Congress · 28 January 2003
Amends the Internal Revenue Code to make permanent the tax credit for increasing research activities.
United States · United States Congress · 28 January 2003
Amends the Internal Revenue Code to establish a special rule allowing a minimum credit against the alternative minimum tax where stock acquired pursuant to an incentive stock option is sold or exchanged at a loss.
United States · United States Congress · 28 January 2003
Social Security Beneficiary Tax Reduction Act - Amends the Internal Revenue Code to repeal the tax increase on Social Security benefits enacted by the Revenue Reconciliation Act of 1993.
United States · United States Congress · 28 January 2003
State and Local Candidate Fairness Act of 2003 - Amends the Internal Revenue Code to provide that the graduated income tax rates applicable to principal campaign committees of candidates for Congress shall also apply to all comparable committees of candidates for State and local offices.
United States · United States Congress · 28 January 2003
Indian School Construction Act of 2003 - Directs the Secretary of the Interior to establish a pilot program under which eligible Indian tribes have the authority to issue tribal school modernization bonds to provide funding for the construction, rehabilitation, or repair of tribal schools, including advance planning and design. Permits a tribe to use amounts received through the issuance of a bond to enter into and make payments under contracts: (1) for the design and engineering of the school; and (2) with financial advisors, underwriters, attorneys, trustees, and other professionals who would be able to provide assistance to the tribe in issuing bonds. Makes any tribal school modernization bond issued by a tribe subject to a trust agreement. Authorizes the Secretary to deposit not more than $30 million each fiscal year into a tribal school modernization escrow account beginning in FY 2004 from amounts made available for school replacement under the construction account of the Bureau of Indian Affairs. Requires the Secretary to use any amounts deposited to make payments to trustees or for advance planning and design. Declares that no bond shall be an obligation of, nor shall payment of the principal be guaranteed by the United States. Provides that any amounts earned through the investment of funds under the control of a trustee shall not be subject to Federal income tax. Amends the Internal Revenue Code to allow a tax credit to individuals who hold such bonds. Permits a separation (including at issuance) of the ownership of such a bond and the entitlement to the credit with respect to such bond.
United States · United States Congress · 28 January 2003
Emergency Anti-Recession Act of 2003 - Amends the Temporary Extended Unemployment Compensation Act of 2002 to extend TEUC compensation. Exempts, for one year, the first $10,000 of remuneration from the old-age, survivors, and disability insurance tax. Authorizes appropriations to make payments to states to coordinate budget related actions with federal government efforts to stimulate economic recovery. Amends the Internal Revenue Code (IRC) to allow a limited tax credit to holders of qualified Amtrak bonds. Authorizes appropriations for Amtrak capital expenditures. Establishes a program of capital grants to class II and class III railroads to rehabilitate, preserve, or improve certain railroad track. Sets forth additional requirements with respect to cohorts of direct loans and loan guarantees for certain railroad rehabilitation and improvement projects. Amends the Federal Water Pollution Control Act to remove certain requirements for States with respect to construction of treatment works under capitalization grant agreements. Provides for assistance to States in establishing simplified procedures for small water systems to obtain assistance. Amends the Transportation Equity Act for the 21st Century to increase the Federal-Aid Highway program obligation ceiling. Authorizes additional appropriations from the Mass Transit Account and the Highway Trust Fund for certain formula grants for mass transportation projects. Increases appropriations from the Airport and Airway Trust Fund for airport planning and airport development. Authorizes appropriations for marine transportation system infrastructure. Authorizes additional appropriations for public works and economic development, Appalachian regional development, and Delta, Mississippi regional development. Authorizes additional appropriations to: (1) carry out construction, operation, and maintenance activities (including security measures) for Corps of Engineers projects; and (2) enhance the security of General Services Administration properties. Authorizes additional appropriations to enhance the security of the: (1) John F. Kennedy Center for the Performing Arts; and (2) Smithsonian Institution. Provides for grants to local educational agencies to enable them to make urgent repairs and renovations to public school facilities. Amends the IRC and the Economic Growth and Tax Relief Reconciliation Act of 2001 to provide for revenue offsets.
United States · United States Congress · 28 January 2003
Abandoned Mine Land Area Redevelopment Act of 2003 - Amends the Internal Revenue Code to allow a credit for holders of qualified abandoned mine land area redevelopment bonds, as specified. Sets forth rules and formulae concerning the annual credit (including limits and carryover), the applicable credit rate, bond issuance and redemption, the amount of bonds designated, and a national volume cap. Includes the credit in gross income, to be treated as interest income. Permits the credit to be stripped (owner of bond different from person entitled to the credit). Treats the allowed credit as a payment of estimated tax. Permits the credit to be transferred. Limits the program to ten years from the issuance of the first qualified abandoned mine land area redevelopment bond.
United States · United States Congress · 28 January 2003
Amends the Internal Revenue Code to permanently extend the Indian employment credit and the depreciation rules for property used predominantly within an Indian reservation.
United States · United States Congress · 28 January 2003
Brownfield Cleanup Enhancement Act of 2003 - Amends the Internal Revenue Code to allow a limited credit to holders of qualified brownfields cleanup bonds. Sets a national limit on the amount of such bonds and provides for allocation among the States.
United States · United States Congress · 28 January 2003
Repeals the sunset provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (Public Law 107-16).