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1,151 records in US in 2001
United States · United States Congress · 8 February 2001
Higher Education Affordability Act - Amends the Internal Revenue Code to exclude from income distributions from qualified tuition programs used for qualifying higher education expenses. Includes within the definition of "qualified State tuition program" programs maintained by eligible educational institutions.
United States · United States Congress · 8 February 2001
Amends the Internal Revenue Code to exempt certain State and local political committees from specified notification and reporting requirements applicable to political organizations.
United States · United States Congress · 8 February 2001
Social Security and Medicare Lock-Box Act of 2001 - Amends the Congressional Budget Act of 1974 to provide a point of order against consideration of any: (1) budget resolution that sets forth a surplus for any fiscal year that is less than the surplus of the Federal Hospital Insurance Trust Fund for such year; or (2) legislation that would cause any surplus to be less than the Fund surplus for the covered fiscal year. Makes the point of order described in (2) above inapplicable to social security or Medicare reform legislation. Requires any Federal budget submitted by the President that recommends an on-budget surplus for any fiscal year that is less than the surplus of the Fund for such year to include a proposal for social security or Medicare reform legislation. Makes this Act inapplicable upon the enactment of social security and Medicare reform legislation. Defines "social security reform legislation" and "Medicare reform legislation" as a bill or joint resolution to save social security or Medicare, respectively, that specifies that it constitutes reform legislation.
United States · United States Congress · 7 February 2001
Estate Tax Elimination Act of 2001 - Amends the Internal Revenue Code to eliminate Federal estate, gift, and transfer taxes. Limits the aggregate step up basis of certain property acquired from a decedent to the aggregate basis of such property plus $2.8 million. Provides for an inflation adjustment. States that the basis for carryover basis property (as defined by this Act) shall be determined under the provision respecting the basis of property acquired by gifts or transfers in trust (section 1015). Describes noncarryover basis property. Directs an executor to provide the Secretary of the Treasury with related information.
United States · United States Congress · 7 February 2001
Bipartisan Patient Protection Act of 2001 - - Part II - Amends the Internal Revenue Code to: (1) with respect to Archer Medical Savings Accounts, increase the number of permitted account participants, increase the permitted size of a "small employer" from 50 to 100 or fewer employees, and extend, by two years, the cut-off year; (2) allow an eligible small employer a limited health insurance expenses credit; and (3) consider a "qualified health benefit purchasing coalition" (a non-profit corporation selling health insurance for small employers through licensed insurers) distribution as a distribution for a charitable purpose. Directs the Secretary of Health and Human Services to establish a program to award demonstration grants to States to allow States to demonstrate the effectiveness of innovative ways to increase access to health insurance through market reforms and other innovative means. Authorizes appropriations.
United States · United States Congress · 7 February 2001
Stealth Tax Prevention Act - Amends Federal law relating to congressional review of agency rulemaking to include in the definition of "major rule" any rule that is promulgated by the Internal Revenue Service and whose implementation and enforcement the Administrator of the Office of Information and Regulatory Affairs of the Office of Management and Budget finds has resulted in (or is likely to result in) any net increase in Federal revenues.
United States · United States Congress · 7 February 2001
Immigrants to New Americans Act - Authorizes the Secretary of Education to award up to ten grants per fiscal year to local education agency and community organization based partnerships to implement model educational programs to assist immigrant students and their parents.
United States · United States Congress · 7 February 2001
United States Textbook and Technology Trust Fund Act - Amends the Internal Revenue Code to permit an individual to designate on a tax return that there shall be paid into the United States Textbook and Technology Fund (the Fund): (1) one dollar of a tax overpayment; and (2) any cash contribution which the individual includes in the return. Creates such Fund. Makes qualifying public elementary and secondary schools eligible to receive grants from the Fund.
United States · United States Congress · 7 February 2001
Amends provisions of the Balanced Budget Act of 1997 providing additional funding for State emergency health services furnished to undocumented aliens to: (1) revise such provisions; and (2) extend such funding for two additional fiscal years.
United States · United States Congress · 7 February 2001
Charitable Giving Act of 2001 - Amends the Internal Revenue Code to establish, for all taxpayers, a charitable contribution tax credit of up to $200. States that such credit shall be in lieu of any deduction otherwise allowed for such contribution.
United States · United States Congress · 7 February 2001
Amends the Internal Revenue Code to allow an individual a limited (up to $300) tax credit annually for social security taxes.
United States · United States Congress · 7 February 2001
Child Safety and Home Security Act of 2001 - Amends the Internal Revenue Code to provide for a nonrefundable tax credit for the purchase of a residential safe storage device that is put into service for the securing of firearms. Prohibits the creation of a database identifying gun owners using information from tax returns on which credit under this Act is claimed.
United States · United States Congress · 7 February 2001
Permits the head of a designated agency (as designated by the Director of the Office of Management and Budget) to use up to 50 percent of amounts available for a fiscal year or a period of fiscal years specifically for administrative expenses that are not so obligated to pay bonuses to agency personnel. Requires the remainder to be deposited into the general fund of the Treasury and used exclusively for deficit reduction.
United States · United States Congress · 7 February 2001
Worker's Income Tax Credit Act of 2001 - Amends the Internal Revenue Code to allow an individual a limited (up to $350) tax credit equal to 6.2 percent of the sum of: (1) an individual's wages, salaries, tips, and other employee compensation includible in gross income; plus (2) the individual's earned income.
United States · United States Congress · 7 February 2001
Apples for Teachers Act - Amends the Internal Revenue Code to: (1) make the two percent floor on miscellaneous itemized deductions inapplicable to the qualified professional development expenses incurred by teachers; and (2) allow a credit to elementary and secondary school teachers who provide classroom materials.
United States · United States Congress · 7 February 2001
Constitutional Amendment - Requires Congress and the President, before each fiscal year, to agree on an estimate of total receipts (except those derived from borrowing) for that fiscal year by enactment of a single subject joint resolution. Prohibits outlays for that year (except those for repayment of debt principal) from exceeding this amount unless Congress, by a three-fifths roll call vote of each House, authorizes a specific excess of outlays over receipts. Requires Congress, whenever actual outlays exceed actual receipts for any fiscal year, to provide by law for the repayment of the excess in the ensuing fiscal year. Requires a three-fifths roll call vote of each House to increase the public debt. Directs the President to submit a balanced budget to Congress. Requires the approval of a majority of the total membership of each House by roll call vote before any bill to increase revenue may become law. Waives these provisions when a declaration of war is in effect.
United States · United States Congress · 6 February 2001
Amends the Admiral James W. Nance and Meg Donovan Foreign Relations Authorization Act, Fiscal Years 2000 and 2001 to revise a certain condition prohibiting the obligation of appropriated funds for the payment of U.S. arrearages for assessed contributions to the United Nations (UN) until the share of the budget for each assessed UN peacekeeping operation does not exceed 28.15 percent (currently, 25 percent) for any single UN member.
United States · United States Congress · 6 February 2001
Amends the Elementary and Secondary Education Act of 1965 (ESEA) to: (1) reauthorize the Rural Education Initiative (REI) which permits small, rural school districts to have flexibility in the use of funds from a limited number of Federal education programs under ESEA; and (2) extend the authorization of appropriations for supplemental grants to rural schools to improve student achievement, provide professional development opportunities for educators, or undertake education reform activities. Makes rural local education agencies which receive such supplemental grants, in any fiscal year for which appropriations for such grants exceed a specified amount, ineligible for certain competitive grant programs under ESEA. Authorizes the Secretary of Education to waive School Locale Code requirements under certain conditions.
United States · United States Congress · 6 February 2001
High-Speed Rail Investment Act of 2001 - Amends the Internal Revenue Code to allow a tax credit (to be included in gross income as interest) to holders of qualified Amtrak bonds issued by the National Railroad Passenger Corporation. Requires, with exceptions, State matching contributions for qualifying projects, which shall be used to redeem project-specific bonds, and if amounts remain, to fund other projects or bonds. Treats such contributions as tax-exempt facility bonds. Eliminates, for tax exemption for purposes, the governmental ownership requirement for mass commuting facility bonds. Authorizes the Secretary of Transportation to allocate bond funds for Alaska Railroad issuances. Requires the Corporation to annually submit a multi-year capital spending plan.
United States · United States Congress · 6 February 2001
Amends the Internal Revenue Code to: (1) include nonrefundable personal credits, personal exemptions, and the standard deduction in computing alternative minimum tax liability; and (2) increase individual minimum tax exemption amounts.
United States · United States Congress · 6 February 2001
Amends the Omnibus Consolidated and Emergency Supplemental Appropriations Act, 1999 to extend the moratorium on the imposition of taxes on the Internet for an additional five years.
United States · United States Congress · 6 February 2001
Amends the Omnibus Consolidated and Emergency Supplemental Appropriations Act, 1999 to make permanent the moratorium on the Federal imposition of taxes on the Internet.
United States · United States Congress · 6 February 2001
Renewable Energy Development Incentives Act - Amends the Internal Revenue Code respecting the renewable resource credit to: (1) include alternative resources (solar, biomass, incremental hydropower, and geothermal energy); (2) provide an increased credit for certain co-production facilities, and for qualified facilities on Indian and Alaskan Native Indian lands; (3) provide for credit transferability; (4) require facility compliance with pollution laws; and (5) eliminate the January 1, 2002, placed-in-service date for purposes of qualified facility eligibility.
United States · United States Congress · 6 February 2001
Economic Growth and Tax Freedom Act - Amends the Internal Revenue Code to reduce individual income tax rates.
United States · United States Congress · 6 February 2001
Tax Relief and Marriage Penalty Elimination Act of 2001 - Amends the Internal Revenue Code to: (1) eliminate the marriage penalty for couples filing a single return jointly with respect to both tax rates and the standard deduction; and (2) after 2004, reduce individual tax rates.
United States · United States Congress · 6 February 2001
Environmental Priorities Act of 2001 - Requires providers of retail electric services to contribute to the fiscal agent for the Environmental Priorities Board (established by this Act) ten percent of the total consumer savings for the consumer sector for that calendar year. Requires the Administrator of the Environmental Protection Agency to establish a National Environmental Priorities Board to establish regulations governing creation of an Environmental Priorities Program. Authorizes States in which retail electric service choice has been established for any consumer sector to establish public purpose programs and apply for matching funding to support environmental priorities programs.
United States · United States Congress · 6 February 2001
Amends the Internal Revenue Code to revise limitations under subpart A (Nonrefundable Personal Credits) of part IV (Credits Against Tax) to prohibit the aggregate amount of credits allowed by such subpart for the taxable year from exceeding the sum of: (1) the taxpayer's regular tax liability for the taxable year; and (2) the tax imposed for the taxable year by alternative minimum tax provisions. Repeals provisions concerning: (1) with respect to the additional credit for families with three or more children, the reduction of the child tax credit for a taxpayer subject to the alternative minimum tax; and (2) the supplemental child credit.
United States · United States Congress · 6 February 2001
Securing Affordable Vocational and Collegiate Education (SAVE) Act - Amends the Internal Revenue Code to: (1) allow a limited deduction for amounts paid to any qualified State tuition program; and (2) provide that distributions from such programs used to pay qualified higher education expenses shall not be included in gross income.
United States · United States Congress · 6 February 2001
Amends the Internal Revenue Code to allow: (1) a rollover contribution to an individual retirement account from a State or local government deferred compensation plan (section 457 plan); and (2) such an entity to maintain a 401k plan.
United States · United States Congress · 6 February 2001
Amends the Internal Revenue Code to provide employers a business tax credit (of up to $2,000 with respect to any one Ready Reserve-National Guard employee) with respect to members of the Ready Reserve or National Guard who were absent from work on active duty.
United States · United States Congress · 6 February 2001
Amends the Internal Revenue Code to provide for a deduction for lobbying expenses in connection with State legislation.
United States · United States Congress · 6 February 2001
Artists' Estate Tax Fairness Act - Amends the Internal Revenue Code to permit the exclusion from the gross estate the value of each qualified work of artistic property held by the decedent at the time of death, if the decedent created such property. Requires the decedent to have held at least 50 qualified works at the time of death. Defines "qualified artistic property."
United States · United States Congress · 6 February 2001
Public Oversight of Wholesale Electric Rates Act or POWER Act - Amends the Internal Revenue Code to impose an excise tax on the windfall profit from the sale of electricity at wholesale in the Western System Coordinating Council. Sets the tax at 100 percent of the windfall profit.
United States · United States Congress · 6 February 2001
Amends the Internal Revenue Code to: (1) move the Hope and Lifetime Learning credits from subpart A (Nonrefundable Personal Credits) to subpart C (Refundable Credits); and (2) permit the use of a future refund of such credits as collateral for short-term student loans.
United States · United States Congress · 6 February 2001
Homeowners' Benefit Protection Act of 2001 - Amends the Internal Revenue Code to provide for an annual inflation adjustment on the exclusion of the gain on the sale of a principal residence.
United States · United States Congress · 6 February 2001
Gun Retrieval to Build Safer Communities Act - Amends the Internal Revenue Code to allow a refundable credit ($500 annual maximum) for the fair market value of firearms turned in under a qualifying local law enforcement agency program.
United States · United States Congress · 6 February 2001
Reserve Employer Tax Credit Act of 2001 - Amends the Internal Revenue Code to provide: (1) employers a business tax credit for a portion of compensation that was not paid with respect to members of the military reserves who were absent from work on qualified reserve duty; (2) a comparable credit for participating self-employed individuals; and (3) for the deduction of certain expenses paid or incurred by members of a Reserve component of the armed forces.
United States · United States Congress · 6 February 2001
Alternative Minimum Tax Repeal Act of 2001 - Amends the Internal Revenue Code to repeal the alternative minimum tax.
United States · United States Congress · 6 February 2001
Amends the Internal Revenue Code to provide an individual with a one-time exclusion from gross income for the sale or exchange of a qualified interest in a closely held business if: (1) the individual has attained the age of 62 before the date of the sale or exchange; (2) the adjusted gross income of the individual for the tax year in which such sale or exchange occurs does not exceed $1 million (determined without regard to such sale or exchange); and (3) the individual so elects.
United States · United States Congress · 6 February 2001
Expand and Rebuild America's Schools Act of 2001 - Amends the Internal Revenue Code to allow a limited credit to taxpayers holding school construction bonds. Defines such bonds. Sets a national school construction bond limit.
United States · United States Congress · 6 February 2001
Amends the Internal Revenue Code to repeal the current dollar limitation on the deduction for interest on educational loans provision and replace it with a limitation on such deduction based on modified adjusted gross income. Repeals the 60-month limitation period on the allowance of the interest deduction on such loans.
United States · United States Congress · 6 February 2001
Amends the Internal Revenue Code to provide employers a business tax credit for a portion of compensation that was not paid with respect to members of the Ready Reserve or National Guard who were absent from work on active duty. Limits such credit to $2,000 with respect to any one Ready Reserve-National Guard employee.
United States · United States Congress · 6 February 2001
Makes supplemental appropriations for FY 2001 for the Environmental Protection Agency for grants for the drinking water State revolving funds under the Safe Drinking Water Act for State expenses of formulating source water assessment programs. Requires such programs to include the assessment of: (1) specified pesticides; (2) surface water sources; (3) residential drinking wells; and (4) contaminated soil.
United States · United States Congress · 1 February 2001
Social Security Benefits Tax Relief Act of 2001 - 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.
United States · United States Congress · 1 February 2001
Small Business Tax Fairness Act of 2001 - Amends the Internal Revenue Code to: (1) increase the amount of section 179 property which may be expensed and permit the expensing of computer software; and (2) classify restaurants and franchise operations as 15-year property.
United States · United States Congress · 1 February 2001
Help Eliminate the Levy on Locution (HELLO) Act - Amends the Internal Revenue Code to repeal Subchapter B (Communications) of Chapter 33 (Facilities and Services) of Subtitle D (Miscellaneous Excise Taxes).
United States · United States Congress · 1 February 2001
Indian School Construction Act - 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 2002 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, the tribes, or their schools. 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 · 31 January 2001
TEACHER-Tax Credit Act - Amends the Internal Revenue Code to provide an annual credit of up to $1,000 to public kindergarten, elementary, and secondary school teachers, instructors, counselors, aides, and principals for: (1) qualified education expenses; (2) qualified professional development expenses; and (3) interest paid on any qualified education loan.
United States · United States Congress · 31 January 2001
Amends the Internal Revenue Code to permit the exclusion from gross income of United States savings bond income if used to pay qualified long-term care expenses.
United States · United States Congress · 31 January 2001
All American Cruise Act of 2001 - Amends the Internal Revenue Code to: (1) permit contractors building certain cruise ships to use the completed contract method of accounting; (2) exclude from a corporation's gross income amounts derived from the operation of a U.S. built and documented cruise ship; (3) allow a cruise ship construction credit; (4) classify a cruise ship as seven-year property under the accelerated cost recovery system; (5) revise deduction requirements for certain cruise ship business expenses; and (6) allow a credit for the use of clean-burning engines on U.S. cruise ships. Amends the Merchant Marine Act, 1936 to add passenger vessels in the oceangoing domestic trade to the list of vessels for which a capital construction fund may be established. Amends the Internal Revenue Code respecting tax incentives relating to merchant marine capital construction funds, including: (1) qualified withdrawals for payments that reduce the principal of a qualified lease of a qualified vessel; (2) prior year deposits based on audit adjustments; (3) capital gains and losses; and (4) interest computation on nonqualified withdrawals.