Taxation

THE HOMELAND SECURITY DEPARTMENT'S BUDGET SUBMISSION FOR FISCAL YEAR 2012

United States · United States Senate · 17 February 2011

DEPARTMENT OF DEFENSE AUTHORIZATION FOR APPROPRIATIONS FOR FISCAL YEAR 2012 AND THE FUTURE YEARS DEFENSE PROGRAM

United States · United States Senate · 17 February 2011

Harbor Maintenance Act of 2011

United States · United States Congress · 17 February 2011

Harbor Maintenance Act of 2011 - Requires the total budget resources for expenditures from the Harbor Maintenance Trust Fund for harbor maintenance programs to equal the level of receipts plus interest credited to such Fund for that fiscal year. Limits the use of such resources to such programs only. Declares that it shall be out of order in the House of Representatives or the Senate to consider any bill, joint resolution, amendment, motion, or conference report that would cause total budget resources for the Fund in a fiscal year for harbor maintenance programs to be less than the level of receipts plus interest credited to the Fund for that fiscal year.

A bill to amend title 5, United States Code, to provide that persons having seriously delinquent tax debts shall be ineligible for Federal employment.

United States · United States Congress · 17 February 2011

Makes an individual who has a seriously delinquent tax debt ineligible to be appointed, or to continue serving, as a federal employee.

A bill to amend title 37, United States Code, to provide flexible spending arrangements for members of uniformed services, and for other purposes.

United States · United States Congress · 17 February 2011

Directs each Secretary of the military department concerned to: (1) establish procedures to implement flexible spending arrangements (FSAs) for military health care and dependent care for active-duty military personnel on a pre-tax basis; and (2) consider life events of members of the Armed Forces that are unique to them, including changes relating to permanent changes of duty station and deployments to overseas contingency operations. Directs the Secretary of Defense (DOD) to submit to Congress recommendations on the advisability of authorizing FSAs for members of the reserves.

Unemployment Insurance Solvency Act of 2011

United States · United States Congress · 17 February 2011

Unemployment Insurance Solvency Act of 2011 - Amends title XII of the Social Security Act (Advances to State Unemployment Funds) to: (1) extend through December 31, 2012, the waiver granted to states for payment of interest on advances made from the federal unemployment account in the Unemployment Trust Fund; and (2) authorize the governor of any state that has outstanding repayable advances from the federal unemployment account to apply to the Secretary of Labor to enter into a voluntary principal abatement agreement. Amends the Internal Revenue Code to: (1) extend the 6.2% employment tax rate for employers through 2013 and impose a reduced 5.78% rate in 2014, (2) modify the rate applicable to the limit on the credit allowed to employers for the federal unemployment tax, and (3) increase the taxable wage base for the federal unemployment tax to $15,000 in 2014. Amends title IX of the Social Security Act (Miscellaneous Provisions Relating to Employment Security) to increase the rate of interest payable on unemployment compensation reserves and lower the rate of the employment tax for employers in states whose unemployment compensation fund remains solvent.

I Teach Act of 2011

United States · United States Congress · 17 February 2011

Incentives to Educate American Children Act of 2011 or the I Teach Act of 2011- Amends the Internal Revenue Code to permit a refundable tax credit of $1,000 for: (1) teachers in public elementary or secondary schools or public kindergartens in rural areas or areas with high poverty; and (2) teachers certified by the National Board for Professional Teaching Standards. Increases such credit to $2,000 for a teacher meeting both requirements.

Intelligence Authorization Act for Fiscal Year 2011

United States · United States Congress · 17 February 2011

Intelligence Authorization Act for Fiscal Year 2011 - Authorizes appropriations for FY2011 for the conduct of intelligence and intelligence-related activities of the: (1) Office of the Director of National Intelligence; (2) Central Intelligence Agency (CIA); (3) Department of Defense (DOD); (4) Defense Intelligence Agency (DIA); (5) National Security Agency (NSA); (6) Departments of the Army, Navy, and Air Force; (7) Coast Guard; (8) Departments of State, the Treasury, Energy, and Justice; (9) Federal Bureau of Investigation (FBI); (10) Drug Enforcement Administration (DEA); (11) National Reconnaissance Office; (12) National Geospatial-Intelligence Agency; and (13) Department of Homeland Security. Specifies that the amounts authorized and the authorized personnel ceilings as of September 30, 2011, for such activities are those specified in the classified Schedule of Authorizations, which shall be made available to the congressional appropriations committees and the President. Allows the Director of National Intelligence, with the approval of the Director of the Office of Management and Budget (OMB), to authorize employment of civilian personnel in excess of the number authorized for FY2011 when necessary for the performance of important intelligence functions. Requires notification to the intelligence committees on the use of such authority. Authorizes appropriations for the Intelligence Community Management Account for FY2011, as well as for full-time personnel for elements within such Account. Authorizes appropriations for FY2011 for the Central Intelligence Agency Retirement and Disability Fund. Permits appropriations authorized by this Act for salary, pay, retirement, and other benefits for federal employees to be increased by such additional or supplemental amounts as necessary for increases in such compensation or benefits authorized by law. Prohibits the authorization of appropriations by this Act from being deemed to constitute authority to conduct any intelligence activity not otherwise authorized by the Constitution or laws of the United States.

Community Regeneration, Sustainability, and Innovation Act of 2011

United States · United States Congress · 17 February 2011

Community Regeneration, Sustainability, and Innovation Act of 2011 - Directs the Secretary of Housing and Urban Development (HUD) to carry out a demonstration program, under multiyear cooperative agreements with local governments meeting certain criteria (or consortia of them), to encourage and test innovative vacant property reclamation and urban infrastructure renewal strategies in older industrial cities, their suburbs, and metropolitan areas with a history of severe population and employment loss, blight, and decay caused by vacant properties. Limits such agreements to local governments experiencing: (1) at least 15% population loss since 1970, or (2) prolonged population, income, and employment loss resulting in substantial levels of housing vacancies and abandonments concentrated in more than one neighborhood or geographic area within a jurisdiction or jurisdictions. Specifies as vacant property and program capacity activities establishment of: (1) local or regional land banks; (2) recovered building materials reuse and recycling infrastructure, facilities, and technical support; (3) local government purchasing requirements for deconstruction to make use of existing building materials stock in new and rehabilitation construction; and (4) the ability of state and local courts and administrative agencies to address problems caused by vacant and abandoned properties, and to facilitate their transfer to public control under a local or regional land bank. Enumerates other related activities, including: (1) expansion and improvement of code enforcement capabilities; (2) development of data and information systems such as comprehensive real property systems, early warning systems, and vacant property inventory and tracking systems; and (3) amendment or reform of state and local property tax foreclosure procedures. Specifies stabilization, design, development, reuse, and planning and policy innovation activities. Prohibits the use of grant funds for specified other activities, including: (1) demolition of public housing or historic properties, or (2) clean-up or redevelopment of brownfield sites. Requires an applicant local government or consortium to establish a regeneration plan for the community or region. Authorizes the Secretary to make grants to local governments (and consortia of them) for development of regeneration plans and for sustainability demonstration projects. Directs the Secretary to convene a Federal Interagency Regeneration Communities Coordinating Council to develop federal agency support plans for communities receiving such grants.

Public Housing Reinvestment and Tenant Protection Act of 2011

United States · United States Congress · 17 February 2011

Public Housing Reinvestment and Tenant Protection Act of 2011 - Choice Neighborhoods Initiative Act of 2011 - Requires the Secretary of Housing and Urban Development (HUD) to make competitive grants to local governments, public housing agencies (PHAs), or nonprofit entities owning a major housing project to implement transformational programs in eligible neighborhoods with a concentration of extreme poverty and severely distressed housing. Public Housing One-for-One Replacement and Tenant Protection Act of 2011 - Amends the United States Housing Act of 1937 with respect to: (1) demolition, disposition, or both pursuant to conversion of any public housing unit; and (2) the taking of public housing units through the use of eminent domain. Exempts from specified requirements for demolition and disposition of public housing any public housing projects removed from a PHA inventory under the program for conversion of demolished or distressed public housing dwelling units to tenant-based assistance. Public Housing Preservation and Rehabilitation Act of 2011 - Authorizes the Secretary to guarantee notes or other obligations issued by PHAs to finance: (1) the rehabilitation of PHA public housing; (2) the modernization of such housing through energy efficiency improvements; or (3) the construction, rehabilitation, purchase, or conversion of public housing units to replace any demolished, disposed of, or converted. Prescribes requirements for PHAs that utilize housing tax credits under the Internal Revenue Code for rental housing units. Removes a specified limitation on the use of amounts from the public housing Capital Fund or Operation Fund by a PHA to construct new public housing units. Permits a PHA to use amounts from the Capital Fund for public housing units not included in the regular formula for determining the amount of assistance, subject to certain conditions. Authorizes the Secretary to make grants to PHAs for conversion of public housing projects to assisted living facilities or service-enriched housing for elderly persons. Allows PHAs that own or operate fewer than 500 public housing units to elect to be exempt from any asset management requirement imposed by the Secretary. Together We Care Act of 2011 - Requires the Secretary to establish a competitive grant pilot program for eligible entities to train public housing residents as home health aides and as providers of home-based health services for residents of public housing or federally-assisted rental housing who are elderly, disabled, or both.

To amend title 37, United States Code, to provide flexible spending arrangements for members of the uniformed services, and for other purposes.

United States · United States Congress · 17 February 2011

Directs each Secretary of the military department concerned to: (1) establish procedures to implement flexible spending arrangements (FSAs) for military health care and dependent care for active-duty military personnel on a pre-tax basis; and (2) consider life events of members of the Armed Forces that are unique to them, including changes relating to permanent changes of duty station and deployments to overseas contingency operations. Directs the Secretary of Defense (DOD) to submit to Congress recommendations on the advisability of authorizing FSAs for members of the Selected Reserve.

Safe and Efficient Transportation Act of 2011

United States · United States Congress · 17 February 2011

Safe and Efficient Transportation Act of 2011 - Allows a state to authorize a vehicle with a maximum gross weight (including enforcement tolerances) exceeding certain federal weight limitations to operate on Interstate Highway System (IHS) routes in the state if: (1) the vehicle is equipped with at least six axles, (2) the weight of any single axle does not exceed 20,000 pounds, (3) the weight of any tandem axle does not exceed 34,000 pounds, (4) the weight of any group of 3 or more axles does not exceed 51,000 pounds, and (5) the gross weight of the vehicle does not exceed 97,000 pounds. Directs the Secretary of Transportation to establish a safe and efficient vehicle bridge infrastructure improvement program. Requires the Secretary to apportion amounts from the Safe and Efficient Vehicle Trust Fund to states for eligible bridge replacement or rehabilitation projects. Amends the Internal Revenue Code to: (1) impose a tax on any vehicles that exceed federal weight limitations operating on the IHS, and (2) establish the Safe and Efficient Vehicle Trust Fund.

Investing in Our Future Act of 2011

United States · United States Congress · 17 February 2011

Investing in Our Future Act of 2011- Amends the Internal Revenue Code to impose an excise tax on currency transactions exceeding $10,000 equal to 0.005% of the value of the currency acquired in the transaction (currency transaction tax). Establishes in the Treasury: (1) the Child Care Assistance Trust Fund, which shall be funded with 10% of the revenues from the currency transactions tax and which shall be used to provide increased allocations to states for child care assistance; (2) the Multilateral Global Health Trust Fund, which shall be funded with 25% of the revenues from such tax and from which the Secretary of State shall make grants to assist developing countries in addressing HIV/AIDS, tuberculosis, malaria, maternal mortality, family planning, neglected diseases, and other health issues; and (3) the Global Climate Change Adaptation and Mitigation Trust Fund, which shall be funded with 25% of the revenues from such tax and which shall be used for contributions to the Green Climate Fund, and the Adaptation Fund, established pursuant to the United Nations Framework Convention on Climate Change. Requires remaining tax revenues to be used for federal budget deficit reduction or reduction of the federal debt.

To amend the Internal Revenue Code of 1986 to exclude from gross income compensation received by employees consisting of qualified distributions of employer stock.

United States · United States Congress · 17 February 2011

Amends the Internal Revenue Code to exclude from the gross income of an employee: (1) shares of employer securities received in a qualified employee stock distribution as compensation for services that do not exceed the lowest number of employer securities received by any employee in such distribution; (2) any gain on such securities if held by an employee for not less than 10 years; and (3) in the case of any qualified disposition of an employer security that meets such 10-year holding requirement, any gain on so much stock acquired during the 60-day period beginning on the date of such disposition as does not exceed the fair market value of the employer security so disposed. Allows employers a tax deduction for the fair market value of securities transferred in a stock distribution. Requires an employee to recapture in gross income the amount of employer securities excluded from gross income if such securities are disposed of within five years after receipt.

VETS Act of 2011

United States · United States Congress · 17 February 2011

Veterans' Employment Transition Support Act of 2011or the VETS Act of 2011- Amends the Internal Revenue Code to allow employers a general business tax credit for hiring certain veterans certified by designated local agencies as having served on active duty (other than for training) in the Armed Forces for a period of more than 180 days or having been discharged or released from active duty for a service-connected disability. Sets the amount of such credit at 40% of the first-year wages of such veterans and increases the percentage of such credit for disabled veterans based upon their disability ratings.

Small Distillery Excise Tax Act of 2011

United States · United States Congress · 17 February 2011

Small Distillery Excise Tax Act of 2011 - Amends the Internal Revenue Code to allow small distilled spirits producers a credit against the excise tax on distilled spirits equal to 80% of the otherwise applicable tax on the first 65,000 of proof gallons of distilled spirits produced in or imported into the United States. Defines "small distilled spirits producer" as any person who produces not more than 100,000 proof gallons of distilled spirits during the calendar year.

Extended Tax Relief for All Act of 2011

United States · United States Congress · 17 February 2011

Extended Tax Relief for All Act of 2011 - Amends the Internal Revenue Code to allow individual taxpayers the full amount of the making work pay tax credit in 2011, less any amount received from the reduction in the employment and self-employment tax for that year.

Proposing a balanced budget amendment to the Constitution of the United States.

United States · United States Congress · 17 February 2011

Constitutional Amendment - Prohibits outlays for a fiscal year (except those for repayment of debt principal) from exceeding total receipts for that fiscal year (except those derived from borrowing) unless Congress, by a three-fifths rollcall vote of each chamber, authorizes a specific excess of outlays over receipts. Directs the President to submit a balanced budget to Congress annually. Prohibits any bill to increase or decrease revenue from becoming law unless approved by a majority rollcall vote of each chamber. Authorizes waivers of these provisions when a declaration of war is in effect. Requires the appropriate congressional committees to report to their respective chambers implementing legislation to achieve a balanced budget without reducing the disbursements of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund to achieve that goal.

DEPARTMENT OF THE TREASURY FISCAL YEAR 2012 BUDGET

United States · United States House of Representatives · 16 February 2011

THE PRESIDENT'S FISCAL YEAR 2011 BUDGET PROPOSAL WITH OFFICE OF MANAGEMENT AND BUDGET DIRECTOR LEW

United States · United States House of Representatives · 16 February 2011

THE PRESIDENT'S FISCAL YEAR 2012 BUDGET PROPOSAL WITH U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES SECRETARY KATHLEEN SEBELIUS

United States · United States House of Representatives · 16 February 2011

PROPOSED BUDGET FOR FISCAL YEAR 2012 FOR THE DEPARTMENT OF ENERGY

United States · United States Senate · 16 February 2011

Hire A Hero Act of 2011

United States · United States Congress · 16 February 2011

Hire A Hero Act of 2011 - Amends the Internal Revenue Code to: (1) allow employers a work opportunity tax credit for hiring a member of the Ready Reserve or the National Guard, and (2) make such credit permanent. Rescinds the amount of appropriated but unobligated discretionary funds determined by the Director of the Office of Management and Budget (OMB) to be equal to the reduction in tax revenues resulting from this Act. Exempts unobligated funds of the Department of Veterans Affairs (VA) or the Social Security Administration (SSA). Requires the Director to identify to which appropriation accounts such rescissions shall apply and report to the Secretary of the Treasury and Congress on such rescissions.

A bill to amend the Internal Revenue Code of 1986 to establish a new Small Business Savings Account.

United States · United States Congress · 16 February 2011

Amends the Internal Revenue Code to provide for tax preferred Small Business Savings Accounts to pay for trade or business expenses, including operating capital, the purchase of equipment or facilities, marketing, training, incorporation, and accounting fees. Allows annual contributions to such accounts up to $10,000. Sets forth rules for the tax treatment of contributions to and rollovers from such accounts, similar to rules governing individual retirement accounts (IRAs).

Pancreatic Cancer Research and Education Act

United States · United States Congress · 16 February 2011

Pancreatic Cancer Research and Education Act - Amends the Public Health Service Act to require the Secretary of Health and Human Services (HHS) to establish and implement a Pancreatic Cancer Initiative to assist in coordinating activities to address the high mortality rate associated with pancreatic cancer. Requires the Secretary to establish the Interdisciplinary Pancreatic Cancer Coordinating Committee to: (1) provide advice on overall research objectives and benchmarks for pancreatic cancer research; (2) develop within six months of establishment of the committee and every five years thereafter a strategic plan for pancreatic cancer research awareness; and (3) conduct evaluations and make recommendations as needed to the Secretary, the Director of the National Institutes of Health (NIH), and the Director of the National Cancer Institute (NCI) regarding the prioritization and award of NIH research grants relating to pancreatic cancer. Requires the Secretary to develop a primary care provider education program on pancreatic cancer. Requires the Director of NCI and the Director of the Centers for Disease Control and Prevention (CDC) to develop a communication tool kit for patients and their families that focuses on specific pancreatic cancer issues relating to patient choices and patient care. Allows the Secretary to award grants to research institutions for use in developing innovative compounds or technologies for the prevention, early detection, or treatment of those cancers with five-year survival rates of less than 50%. Requires the Secretary to focus on pancreatic cancer during the initial five fiscal years of awarding such grants. Allows the Secretary to designate two additional Specialized Programs of Research Excellence focusing solely on pancreatic cancer research.

Seven Point Plan for Growing Jobs Act

United States · United States Congress · 16 February 2011

Seven Point Plan for Growing Jobs Act - Amends the Workforce Investment Act of 1998 to direct the Secretary of Labor to establish a Manufacturing Job Training National Program and make grants to state governors and agencies with responsibility for labor programs to plan and develop a new program of employment and training activities that targets the specific needs of manufacturers. Amends the Public Works and Economic Development Act of 1965 to direct the Secretary to provide workplace development and economic assistance to eligible recipients affected by the base realignment and closure (BRAC) activities established by the Secretary of Defense (DOD) in 2005. Directs the Secretary to review job training programs to identify ways to increase efficiency and reduce duplicative and unnecessary processes and activities in such programs. Directs the Secretary of Energy to: (1) carry out an offshore wind energy research and deployment program, and (2) award grants to institutions of higher education to establish one or more national offshore wind centers. Amends the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 to extend reductions in the employment tax to employers and certain self-employed individuals. Amends the Internal Revenue Code to: (1) make permanent accelerated depreciation for qualified leasehold and restaurant buildings and improvements, nonresidential real property and residential rental property, and increased depreciation and expensing allowances for business and investment property; (2) extend through 2016 the tax credit for increasing research activities; (3) increase the rate of the alternative simplified research tax credit; (4) repeal provisions added by the Patient Protection and Affordable Care Act that require reporting of payments made to corporations of $600 or more; and (5) eliminate the tax credit for ethanol used as fuel. Imposes new requirements on federal agencies relating to regulatory actions. Allows a reduction or waiver of civil penalties on small entities for failures to comply with regulatory requirements. Extends to all portions of the Interstate Highway System in Maine and Vermont the application of vehicle weight limit laws and regulations of those states in lieu of federal vehicle weight limits. Amends the Harmonized Tariff Schedule of the United States to eliminate the additional tariff on ethanol and ethanol fuel mixtures. Prohibits the consideration by Congress of any legislation that would cause discretionary spending limits to exceed levels specified for FY2012-FY2014. Amends the Food Security Act of 1985 to impose limits on farm subsidies based upon the adjusted gross income of the recipient.

Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011

United States · United States Congress · 16 February 2011

Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011 - Amends the Internal Revenue Code to: (1) repeal requirements for the reporting to the Internal Revenue Service (IRS) of payments of $600 or more to corporations that are not tax-exempt and of gross proceeds paid in consideration for any type of property, (2) repeal requirements for reporting payments made with respect to rental property which is not part of a trade or business, and (3) increase the limitation on recapture of excess advance payments of the tax credit for health insurance premiums.

Recalcitrant Cancer Research Act of 2012

United States · United States Congress · 16 February 2011

Pancreatic Cancer Research and Education Act - Amends the Public Health Service Act to require the Secretary of Health and Human Services (HHS) to establish and implement a Pancreatic Cancer Initiative to assist in coordinating activities to address the high mortality rate associated with pancreatic cancer. Requires the Secretary to establish the Interdisciplinary Pancreatic Cancer Coordinating Committee to: (1) provide advice on overall research objectives and benchmarks for pancreatic cancer research; (2) develop and update not less than every five years a strategic plan for pancreatic cancer research awareness; and (3) conduct evaluations and make recommendations as needed to the Secretary, the Director of the National Institutes of Health (NIH), and the Director of the National Cancer Institute (NCI) regarding the prioritization and award of NIH research grants relating to pancreatic cancer. Requires the Secretary to develop a primary care provider education program on pancreatic cancer. Requires the Director of NCI and the Director of the Centers for Disease Control and Prevention (CDC) to develop a communication tool kit for patients and their families that focuses on specific pancreatic cancer issues relating to patient choices and patient care. Allows the Secretary to award grants to research institutions for use in developing innovative compounds or technologies for the prevention, early detection, or treatment of those cancers with five-year survival rates of less than 50%. Requires the Secretary to focus on pancreatic cancer during the initial five fiscal years of awarding such grants. Allows the Secretary to designate two additional Specialized Programs of Research Excellence focusing solely on pancreatic cancer research.

Defending America's Affordable Energy and Jobs Act

United States · United States Congress · 16 February 2011

Defending America's Affordable Energy and Jobs Act - Prohibits the President or any federal agency head from promulgating regulations providing for the control of emissions of a greenhouse gas (GHG), enforcing or implementing any law enacted as of the date of enactment of this Act that provides for the control of GHG emissions, taking action relating to or taking into consideration the climate effects of GHG emissions, considering climate effects in implementing or enforcing laws, or conditioning or denying any approval based on climate effects, unless the law, action, or consideration is: (1) determined to be necessary to protect the public health from imminent and substantial harm caused by direct human exposure to the relevant GHG in a concentration that is substantially greater than current and projected future average concentrations of that GHG gas in the global atmosphere; and (2) based solely on effects other than effects relating to atmospheric concentrations of GHG, including climate change. Excepts: (1) regulation of, action with respect to, or consideration of a GHG under the Clean Air Act (CAA) with respect to stratospheric ozone protection other than for the potential or actual effect of the GHG on climate change; or (2) voluntary incentive programs to promote the development or deployment of technologies that reduce GHG emissions. Provides that: (1) the authority of the Secretary of Transportation (DOT) to prescribe average fuel economy standards for automobiles does not include any authority with respect to GHGs and is unaffected by this Act; and (2) the requirements set forth in the final rule entitled "Light-Duty Vehicle Greenhouse Gas Emission Standards and Corporate Average Fuel Economy Standards; Final Rule" remain in effect. Nullifies each other rule promulgated and action taken by the Administrator of the Environment Protection Agency (EPA) before the date of enactment of this Act to regulate GHGs for effects relating to atmospheric concentrations of GHGs. Prohibits any law, regulation, or action relating to GHGs from: (1) having any impact on the regulation of stationary sources under CAA; or (2) being considered to be the regulation of pollutants under CAA for any purpose (other than for the regulation of GHG emissions for light-duty motor vehicles from model years 2012 through 2016). Prohibits the Administrator from granting any waiver that allows any state to establish GHG emission standards for new motor vehicles and emission standards for motor vehicle engines of model year 2017 or later and invalidates any waiver granted before enactment of this Act. Provides that any provision of a state implementation plan designating GHGs as pollutants that are subject to regulation or otherwise authorizing or requiring limitations on the emission of GHGs under state law is not federally enforceable and is deemed to be stricken from such plan. Prohibits the President or agency heads from examining or making findings or conclusions for purposes of promulgating or issuing policy, guidance, or regulations to address the impacts of GHG emissions on climate change, except as authorized by this Act or another Act of Congress. Prohibits any cause of action from being brought or maintained, or any liability, money damages, or injunctive relief arising from such an action from being imposed, for any contribution of a GHG to climate change or any effect of atmospheric concentrations of a GHG. Prohibits a state from having the authority to: (1) require any entity to procure, hold, or surrender allowances for the emission of GHGs that takes place outside the state; (2) regulate or tax GHG emissions produced outside of the state; or (3) limit the importation of products or electricity into the state based on GHG emissions occurring outside the state.

To amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income.

United States · United States Congress · 16 February 2011

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.

Build America Bonds Extension Act of 2011

United States · United States Congress · 16 February 2011

Build America Bonds Extension Act of 2011 - Amends the Internal Revenue Code, with respect to the Build America Bond program, to: (1) extend until December 31, 2012, the authority to issue such bonds and the authority for payments to issuers of such bonds, (2) reduce the percentage rate of payments to issuers, (3) incorporate in the definition of "Build American bond" certain tax-exempt private activity bonds, and (4) allow refundings of currently issued Build America bonds.

Hire A Hero Act of 2011

United States · United States Congress · 16 February 2011

Hire A Hero Act of 2011 - Amends the Internal Revenue Code to allow certain small business employers a work opportunity tax credit for hiring a member of the Ready Reserve or the National Guard.

BABE RUTH Act of 2011

United States · United States Congress · 16 February 2011

Build America Bonds Extension for Rural and Urban Transportation and Highways Act of 2011 or the BABE RUTH Act of 2011 - Amends the Internal Revenue Code, with respect to the Build America Bond program, to: (1) extend until December 31, 2014, the authority to issue such bonds and the authority for payments to issuers of such bonds (2) reduce the percentage rate of payments to issuers in 2011, 2012, 2013, and 2014; (3) allow refundings of currently issued bonds; and (4) allow the use of Build America bonds to fund capital expenditures for levees and flood control projects.

To amend the Internal Revenue Code of 1986 to repeal the medical device tax, and for other purposes.

United States · United States Congress · 16 February 2011

Repeals the provision of the Internal Revenue Code, added by the Health Care and Education Reconciliation Act of 2010, that imposes an excise tax on medical devices. Rescinds $39 billion of appropriated but unobligated discretionary funds. Exempts unobligated funds of the Department of Defense (DOD) or the Department of Veterans Affairs (VA). Requires the Director of the Office of Management and Budget (OMB) to determine and identify from which appropriation accounts such recissions shall apply and report to the Secretary of the Treasury and Congress on such recissions.

Supporting the preservation of Internet entrepreneurs and small businesses.

United States · United States Congress · 16 February 2011

Urges Congress not to enact any legislation that would grant state governments the authority to impose any new burdensome or unfair tax collecting requirements on small online businesses and entrepreneurs.

THE PRESIDENT'S FISCAL YEAR 2012 BUDGET

United States · United States House of Representatives · 15 February 2011

HEARING ON THE PRESIDENT'S FISCAL YEAR 2012 BUDGET PROPOSAL WITH U.S. DEPARTMENT OF THE TREASURY SECRETARY TIMOTHY F. GEITHNER

United States · United States House of Representatives · 15 February 2011

U.S. Postal Service Improvements Act of 2011

United States · United States Congress · 15 February 2011

U.S. Postal Service Improvements Act of 2011 - Directs the Office of Personnel Management (OPM) to make a determination or redetermination of postal surplus or supplemental liability consistent with the report submitted by the Postal Regulatory Commission to the United States Postal Service (USPS) and Congress on June 29, 2010. Requires OPM to redetermine the postal surplus or supplemental liability as of the close of FY2010, and for each year thereafter through FY2043. Provides that if the result for a fiscal year is a surplus, that amount shall remain in the Civil Service Retirement and Disability Fund until distribution is authorized as follows. Provides that: (1) as of the close of FY2010-FY2016, if there is a surplus, such amount or any part of it may be transferred to the Postal Service Retiree Health Benefits Fund; (2) as of the close of FY2017 and each year thereafter, if there is a surplus such amount or any part of it may be transferred to such fund to pay any liability of the Fund; and (3) if all liability to such Fund is paid, amounts may be transferred to the Employees' Compensation Fund or the USPS for repayment of any obligation issued by it. Provides procedures for the transfer of such amounts. Authorizes arbitration boards to consider the financial condition of the USPS in rendering decisions. Directs: (1) the USPS and the Commission to coordinate actions to identify ways to increase the use of negotiated service agreements for market dominant products by the USPS; (2) the Postmaster General to submit to Congress a comprehensive strategic plan for guiding area and district field office structure decisions, and a plan on the co-location of post offices at retail facilities; and (3) the Commission to submit annual reports on the fiscal stability of the U.S. mailing industry. Directs the USPS to to publish notice, solicit comments, and analyze financial impacts before changing mailing specifications that could pose a significant burden to customers without Commission review. Establishes in the USPS and the Commission an advocate for competition, who shall be responsible for promoting competition to the maximum extent practicable consistent with obtaining best value, promoting the acquisition of commercial items, and challenging barriers to competition. Directs the head of each such entity to: (1) issue a policy on contracting officer delegations of authority for the entity, and (2) make any delegation of authority for postal contracts outside the functional contracting unit readily available and accessible on its website. Requires the USPS and the Commission to make the noncompetitive purchase request for any noncompetitive award (in the case of the USPS, only postal contracts of at least $250,000, or an adjusted amount determined by changes in the Consumer Price Index) publicly available on their respective websites, subject to proprietary information exceptions and competitive disadvantage waivers. Sets forth provisions regarding the review of ethical issues, conflicts of interest and other ethical restrictions on participation in certain contracting activity, and contract voidance and recovery of funds in specified circumstances. Provides for the conversion of retirement eligible postal and federal employees on workers compensation to retirement when they reach retirement age, subject to specified requirements.

Public Employee Pension Transparency Act

United States · United States Congress · 15 February 2011

Public Employee Pension Transparency Act - Amends the Internal Revenue Code to deny tax benefits relating to bonds issed by a state or political subdivision during any period in which such state or political subdivision is noncompliant with specified reporting requirements for state or local government employee pension benefit plans. Requires plan sponsors of a state or local government employee pension benefit plan to file with the Secretary of the Treasury an annual report setting forth: (1) a schedule of the funding status of the plan; (2) a schedule of contributions by the plan sponsor for the plan year; (3) alternative projections for each of the next 20 plan years relating to the amount of annual conotributions, the fair market value of plan assets, current liability, the funding percentage, and other matters specified by the Secretary; (4) a statement of the actuarial assumptions used for the plan year; (5) a statement of the number of plan participants who are retired or separated from service and are either receiving benefits or are entitled to future benefits and those who are active under the plan; (6) a statement of the plan's investment returns; (7) a statement of the degree to which unfunded liabilities are expected to be eliminated; and (8) a statement of the amount of pension obligation bonds outstanding. Directs the Secretary  to develop model reporting statements and create and maintain a public website, with searchable capabilities, for purposes of posting plan information required by this Act.

Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011

United States · United States Congress · 15 February 2011

Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011 - Amends the Internal Revenue Code to: (1) repeal requirements for the reporting to the Internal Revenue Service (IRS) of payments of $600 or more to corporations that are not tax-exempt and of gross proceeds paid in consideration for any type of property, (2) repeal requirements for reporting payments made with respect to rental property which is not part of a trade or business, and (3) increase the limitation on recapture of excess advance payments of the tax credit for health insurance premiums.

SEAM Act of 2011

United States · United States Congress · 15 February 2011

Security in Energy and Manufacturing Act of 2011 or the SEAM Act of 2011 - Amends the Internal Revenue Code to expand the qualifying advanced energy project credit by allocating in 2011 $5 billion of grants or tax credit amounts to manufacturers of goods and components (other than for assembly of components) in the United States that are used in alternative energy projects.

Say No to Drug Ads Act

United States · United States Congress · 15 February 2011

Say No to Drug Ads Act - Amends the Internal Revenue Code to deny a tax deduction for the cost of direct-to-consumer advertisement of a prescription drug.

Short Line Railroad Rehabilitation and Investment Act of 2011

United States · United States Congress · 15 February 2011

Short Line Railroad Rehabilitation and Investment Act of 2011 - Amends the Internal Revenue Code, with respect to the tax credit for railroad track maintenance, to: (1) expand the types of maintenance expenditures eligible for such credit, and (2) extend such credit through 2017.

Telework Tax Incentive Act

United States · United States Congress · 15 February 2011

Telework Tax Incentive Act - Amends the Internal Revenue Code to allow an employer or an employee a tax credit, up to $1,000 per year, for teleworking expenses incurred by or on behalf of a teleworking employee under an arrangement whereby such employee teleworks not less than 75 days per year. Defines "telework" as performing work functions, using electronic information and communication technologies, thereby reducing or eliminating the physical commute to and from the traditional worksite.

A bill to amend Title I of PL 99-658 regarding the Compact of Free Association between the Government of the United States of America and the Government of Palau, to approve the results of the 15-year review of the Compact, including the Agreement Between the Government of the United States of America and the Government of the Republic of Palau Following the Compact of Free Association Section 432 Review, and to appropriate funds for the purposes of the amended PL 99-658 for fiscal years ending on or before September 30, 2024, to carry out the agreements resulting from that review.

United States · United States Congress · 14 February 2011

Approves the Agreement between the Government of the United States of America and the Government of the Republic of Palau Following the Compact of Free Association Section 432 Review.

Airport and Airway Trust Fund Reauthorization Act of 2011

United States · United States Congress · 14 February 2011

Airport and Airway Trust Fund Reauthorization Act of 2011 - Amends the Internal Revenue Code to: (1) extend through September 30, 2013, increased excise taxes on aviation fuels, the excise tax on air transportation of persons and property, and the expenditure authority for the Airport and Airway Trust Fund; (2) impose an excise tax on aviation-grade kerosene of 35.9 cents per gallon; (3) establish the Air Traffic Control System Modernization Account to fund the modernization of the air traffic control system; (4) impose a tax on any liquid used as fuel in an aircraft that is registered in the United States and is part of a fractional ownership aircraft program; (5) exclude turbine engine powered aircraft from the exemption for air transportation excise taxes; (6) prohibit the inclusion of amounts not attributable to air transportation excise taxes in required disclosures of passenger taxes on tickets; (7) allow tax-exempt bond financing for fixed-wing aircraft equipped for, and exclusively dedicated to providing, acute care emergency medical services; and (8) limit expenditures from the Airport and Airway Trust Fund to 90% of the receipts (including interest) of such Fund in FY2012 or FY2013.

Rural Heritage Conservation Extension Act of 2011

United States · United States Congress · 14 February 2011

Rural Heritage Conservation Extension Act of 2011 - Amends the Internal Revenue Code to make permanent the tax deduction for charitable contributions by individuals and corporations of real property interests for conservation purposes.

Tax Relief Certainty Act of 2011

United States · United States Congress · 14 February 2011

Tax Relief Certainty Act of 2011 - Eliminates: (1) the terminating date of the Economic Growth and Tax Relief Reconciliation Act of 2001, thus making the tax relief provisions of such Act permanent; and (2) the terminating date of the Jobs and Growth Tax Relief Reconciliation Act of 2003 applicable to reductions in the tax rate for dividend and capital gain income. Amends the Internal Revenue Code to: (1) phase-in between 2011 through 2021increases in the exemption amount for the alternative minimum tax (AMT); and (2) make permanent offsets against the AMT for certain nonrefundable tax credits. Makes permanent the repeal of the estate, gift, and generation-skipping transfer taxes for decedents dying, gifts made, and generation skipping transfers after December 31, 2009.

Nuclear Family Priority Act

United States · United States Congress · 14 February 2011

Nuclear Family Priority Act - Amends the Immigration and Nationality Act to replace existing family-sponsored immigrant categories with a single preference allocation for spouses and children of permanent resident aliens. Reduces the number of, and revises the calculation for, fiscal year family-sponsored immigrant entrants. Establishes a nonimmigrant visa category for an alien who is a parent of a U.S. citizen at least 21 years old.

Tax Relief Certainty Act of 2011

United States · United States Congress · 14 February 2011

Tax Relief Certainty Act of 2011 - Eliminates: (1) the terminating date of the Economic Growth and Tax Relief Reconciliation Act of 2001, thus making the tax relief provisions of such Act permanent; and (2) the terminating date of the Jobs and Growth Tax Relief Reconciliation Act of 2003 applicable to reductions in the tax rate for dividend and capital gain income. Amends the Internal Revenue Code to: (1) phase-in between 2011 through 2021increases in the exemption amount for the alternative minimum tax (AMT); and (2) make permanent offsets against the AMT for certain nonrefundable tax credits. Makes permanent the repeal of the estate, gift, and generation-skipping transfer taxes for decedents dying, gifts made, and generation skipping transfers after December 31, 2009.