Taxation

Nonadmitted and Reinsurance Reform Act of 2007

United States · United States Congress · 15 February 2007

Nonadmitted and Reinsurance Reform Act of 2007 - Prohibits any state other than the home state of an insured from requiring a premium tax payment for nonadmitted insurance. Authorizes states to establish procedures to allocate among themselves the premium taxes paid to an insured's home state. Allows an insured's home state to require surplus lines brokers and certain insureds to file annually tax allocation reports detailing the portion of the nonadmitted insurance premiums attributable to properties, risks, or exposures located in each state. Declares that Congress intends that each state adopt a nationwide or uniform procedure that provides for the reporting, payment, collection, and allocation of premium taxes for nonadmitted insurance. Subjects nonadmitted insurance solely to the regulatory requirements of the insured's home state. Declares that only an insured's home state may require a surplus lines broker to be licensed to conduct nonadmitted insurance business with respect to such insured. Prohibits a state from collecting fees relating to licensure of a surplus lines broker in the state unless it has a regulatory mechanism in effect for participation in the national insurance producer database of the National Association of Insurance Commissioners (NAIC), or any other equivalent uniform national database. Prohibits a state from: (1) establishing eligibility criteria for nonadmitted insurers domiciled in a U.S. jurisdiction except in conformance with the Non-Admitted Insurance Model Act; or (2) prohibiting a surplus lines broker from placing nonadmitted insurance with, or procuring nonadmitted insurance from, a nonadmitted insurer domiciled outside the United States and listed on the NAIC International Insurers Department Quarterly Listing of Alien Insurers. Prohibits a state from denying credit for reinsurance if the state of domicile of an insurer purchasing reinsurance (ceding insurer) recognizes credit for reinsurance for the insurer's ceded risk, and: (1) is either an NAIC-accredited state; or (2) has financial solvency requirements substantially similar to NAIC accreditation requirements. Reserves to reinsurer's state of domicile the sole responsibility for regulating the reinsurer's financial solvency if such state is either NAIC-accredited, or has financial solvency requirements substantially similar to NAIC. Prohibits a state from requiring a reinsurer to provide financial information other than that required to be filed with its NAIC-compliant domiciliary state.

Reducing the Need for Abortion and Supporting Parents Act

United States · United States Congress · 15 February 2007

Reducing the Need for Abortion and Supporting Parents Act - Requires the Secretary of Health and Human Services to make grants to provide education on preventing teen pregnancies. Provides for: (1) grants to prevent teen pregnancy; and (2) a national center for parents of adolescents to support parents in preventing teen pregnancy. Amends title XIX (Medicaid) of Social Security Act to expand coverage of family planning services. Sets forth requirements for primary care clinics that receive federal financial assistance and provide abortion services. Expands state options to provide health care coverage to low-income pregnant women. Title X Family Planning Services Act of 2007 - Authorizes appropriations for voluntary family planning projects. Amends the Public Health Service Act to prohibit individual health insurance coverage from excluding pregnancy as a preexisting condition. Provides for: (1) grants for ultrasound equipment and prenatal testing for pregnant women; and (2) programs to better identify and treat pregnant women and mothers who are victims of domestic violence, dating violence, sexual assault, or stalking. Allows the Secretary to make grants to public institutions of higher education to assist students who have decided to carry their pregnancies to term and parenting students in continuing their studies and graduating. Requires the Secretary to require that federally funded group homes for pregnant and parenting women provide, upon request, adoption counseling and counseling on parenting skills. Amends the Internal Revenue Code to: (1) increase the tax credit for adoption expenses; (2) make such tax credit refundable; and (3) increase the exclusion from gross income for employer-paid adoption expenses. Provides for: (1) education of teen and first-time mothers through home visits by registered nurses; and (2) the collection and reporting of abortion surveillance data.

Internet Consumer Protection Act of 2007

United States · United States Congress · 15 February 2007

Internet Consumer Protection Act of 2007 - Amends the Internet Tax Freedom Act to make permanent the ban on state and local taxation of Internet access and on multiple or discriminatory taxes on electronic commerce. Repeals provisions permitting states with Internet tax laws enacted prior to the ban on Internet taxes to continue enforcing such laws.

United States Territories Infrastructure Bond Bank Authorization Act

United States · United States Congress · 15 February 2007

United States Territories Infrastructure Bond Bank Authorization Act - Directs the Secretary to establish a United States Territories Infrastructure Bond Bank to provide low-cost financing for the governments of American Samoa, Guam, the U.S. Virgin Islands, and the Northern Mariana Islands to construct infrastructure or to refinance debt acquired to construct infrastructure. Directs the Secretary to incorporate the Bank in a U.S. jurisdiction and organize the initial meeting of its Board of Directors, which shall consist of five members, with one appointed by the Secretary and each of the governors of American Samoa, Guam, the U.S. Virgin Islands, and the Northern Mariana Islands. Allows the Secretary, after the initial five years of the Bank's existence, to invite the governor of another U.S. territory to appoint a Board member, at which time eligibility for Bank services shall be extended to that territory. Authorizes the interception of federal aid intended for a U.S. territory that has defaulted on an obligation to the Bank. Exempts Bank activities and income from taxation.

Dietary Supplement and Healthy Meal Replacement Tax Parity Act of 2007

United States · United States Congress · 15 February 2007

Dietary Supplement and Healthy Meal Replacement Tax Parity Act of 2007 - Amends the Internal Revenue Code to qualify dietary supplements and meal replacement products that are authorized by the Food and Drug Administration (FDA) to make certain health claims as tax deductible medical expenses.

Armed Forces Tax Relief Act of 2007

United States · United States Congress · 15 February 2007

Armed Forces Tax Relief Act of 2007 - Amends the Internal Revenue Code to exempt from employment taxes combat zone compensation of members of the Armed Forces which is excludable from gross income. Appropriates amounts to cover Social Security trust fund deficits resulting from such tax exemption.

Amending the Rules of the House of Representatives to require that the lists of earmarks be made available to the general public on the Internet.

United States · United States Congress · 15 February 2007

Amends Rule XXI (Restrictions on Certain Bills) of the Rules of the House of Representatives to require that any lists of congressional earmarks, limited tax, and tariff benefits (and the name of the requesting Member), required for legislation reported or not reported by a committee or included in a conference report, be made publicly available on the Internet in a searchable format at least 48 hours before a measure's consideration.

THE PRESIDENT'S PROPOSED FISCAL YEAR 2008 BUDGET FOR THE DEPARTMENT OF HOMELAND SECURITY: THE OFFICE OF INTELLIGENCE

United States · United States House of Representatives · 14 February 2007

[H.A.S.C. No. 110-18]NATIONAL DEFENSE AUTHORIZATION ACT FOR FISCAL YEAR 2008 AND OVERSIGHT OF PREVIOUSLY AUTHORIZED PROGRAMS BEFORE THE COMMITTEE ON ARMED SERVICES HOUSE OF REPRESENTATIVES ONE HUNDRED TENTH CONGRESS FIRST SESSION

United States · United States House of Representatives · 14 February 2007

THE ADMINISTRATION'S FISCAL YEAR 2008 RESEARCH AND DEVELOPMENT BUDGET PROPOSAL

United States · United States House of Representatives · 14 February 2007

Community Restoration and Revitalization Act of 2007

United States · United States Congress · 14 February 2007

Community Restoration and Revitalization Act of 2007 - Amends the Internal Revenue Code to: (1) allow an increased rehabilitation tax credit for certain low-income buildings; (2) allow a basis reduction adjustment for property eligible for the credit; (3) increase the credit for certain smaller buildings; (4) allow property eligible for the credit to be used for lodging purposes; (5) modify placed-in-service rules for credit property; (6) modify qualification rules for credit property that is tax-exempt use property; (7) increase the credit for buildings in high cost areas; and (8) exempt certain condominium transactions from rehabilitation tax credit recapture requirements.

Simplification Through Additional Reporting Tax Act of 2007

United States · United States Congress · 14 February 2007

Simplification Through Additional Reporting Tax Act of 2007 - Amends the Internal Revenue Code to include within the reporting requirements of investment brokers the adjusted basis of any security owned by customers of such brokers.

GoMe Act

United States · United States Congress · 14 February 2007

Growing Our Manufacturing Employment Act or the GoMe Act - Amends the Internal Revenue Code to: (1) allow certain employers with domestic production gross receipts in the current and preceding taxable year a manufacturer's jobs tax credit through 2009 for annual increases in wages paid to their employees and to employees eligible for benefits under the Trade Adjustment Act; (2) extend through 2012 the tax credit for increasing research expenses; and (3) set forth rules for the application of the economic substance doctrine.

Fire Sprinkler Incentive Act of 2007

United States · United States Congress · 14 February 2007

Fire Sprinkler Incentive Act of 2007 - Amends the Internal Revenue Code to classify automatic fire sprinkler systems as five-year depreciable property.

Securing America's Energy Independence Act of 2007

United States · United States Congress · 14 February 2007

Securing America's Energy Independence Act of 2007 - Amends the Internal Revenue Code to extend through 2016: (1) the energy tax credit for solar energy property and qualified fuel cell property; and (2) the tax credit for residential energy efficient property expenditures. Allows such credits to be applied against alternative minimum tax liability. Expands the definition of "energy property" for purposes of the tax credit to include certain equipment which uses solar energy to generate or store excess electricity. Provides for a special credit amount for solar photovoltaic energy property and residential energy efficient property based upon kilowatt capacity. Allows a tax credit for the full amount of qualified photovoltaic property expenditures (currently, limited to 30%). Allows accelerated depreciation (three-year recovery period) for solar energy and fuel cell property.

Family Education Freedom Act of 2007

United States · United States Congress · 14 February 2007

Family Education Freedom Act of 2007 - Amends the Internal Revenue Code to allow a tax credit of up to $5,000 (adjusted for inflation after 2007) per student per year for the cost of attendance at any educational institution (including any private, parochial, religious, or home school) organized to provide elementary or secondary education, or both.

Hope Plus Scholarship Act of 2007

United States · United States Congress · 14 February 2007

Hope Plus Scholarship Act of 2007 - Amends the Internal Revenue Code to include qualified elementary and secondary education expenses within the definition of the term qualified tuition and related expenses for purposes of the Hope Scholarship Tax Credit.

Veterans Health Care Full Funding Act

United States · United States Congress · 14 February 2007

Veterans Health Care Full Funding Act - Requires: (1) that in the President's budget for each fiscal year, amounts shall be requested for veterans health care programs for each two-year period; and (2) the Veterans Health Care Funding Review Board (established in this Act) to determine the level of funding needed for each period. Outlines the health care needs required to be included under the Board's determination. Establishes the Board. Provides standards for access to Department of Veterans Affairs (VA) care for veterans seeking: (1) primary care; and: (2) specialized care.

Education Improvement Tax Cut Act

United States · United States Congress · 14 February 2007

Education Improvement Tax Cut Act - Amends the Internal Revenue Code to allow: (1) a tax credit up to $5,000 per year (adjusted annually for inflation after 2007) for contributions to a school tuition organization which distributes at least 90 percent of its annual gross income for elementary and secondary school scholarships; and (2) a tax credit up to $5,000 per year (adjusted annually for inflation after 2007) for contributions to a school materials organization which distributes at least 90 percent of its annual gross income to elementary and secondary schools for materials and equipment for instruction and for extracurricular activities.

Teacher Tax Cut Act of 2007

United States · United States Congress · 14 February 2007

Teacher Tax Cut Act of 2007 - Amends the Internal Revenue Code to provide a tax credit of $3,000 for full-time elementary and secondary school teachers.

Community Restoration and Revitalization Act of 2007

United States · United States Congress · 14 February 2007

Community Restoration and Revitalization Act of 2007 - Amends the Internal Revenue Code to: (1) allow an increased rehabilitation tax credit for certain low-income buildings; (2) allow a basis reduction adjustment for property eligible for the credit; (3) increase the credit for certain smaller buildings; (4) allow property eligible for the credit to be used for lodging purposes; (5) modify placed-in-service rules for credit property; (6) modify qualification rules for credit property that is tax-exempt use property; (7) increase the credit for buildings in high cost areas; and (8) exempt certain condominium transactions from rehabilitation tax credit recapture requirements.

Freedom Flat Tax Act

United States · United States Congress · 14 February 2007

Freedom Flat Tax Act - Amends the Internal Revenue Code to authorize an individual or a person engaged in business activity to make an irrevocable election to be subject to a flat tax (in lieu of the existing tax provisions) of 19% for the first two years after an election is made, and 17% thereafter. Calculates taxable income for individual taxpayers by subtracting a basic standard deduction and an additional standard deduction for each dependent from the total of wages, retirement distributions, and unemployment compensation. Defines "business taxable income" to mean gross active income reduced by the cost of certain business inputs. Imposes an employer tax on the value of excludable compensation provided to employees not engaged in business activity of 19% for the first two years after an election is made under this Act and 17% thereafter. Repeals the estate, gift, and generation-skipping transfer taxes. Requires a two-thirds vote of the House of Representatives or the Senate to increase the flat tax rate proposed by this Act or to reduce the amount of the standard deduction or business-related deductions allowed by this Act.

Professional Educators Tax Relief Act of 2007

United States · United States Congress · 14 February 2007

Professional Educators Tax Relief Act of 2007 - Amends the Internal Revenue Code to allow employees of prekindergarten, elementary, and secondary schools a tax credit of up to $3,000 (adjusted annually for inflation after 2007). Requires such employees to hold positions involving: (1) regular contact with students; and (2) the formulation or implementation of the educational program for the school.

Providing for consideration of motions to suspend the rules.

United States · United States Congress · 14 February 2007

Makes it in order at any time on February 16, 2007, for the Speaker of the House of Representatives to entertain motions that the House suspend the rules relating to H.R. 976 (Small Business Tax Relief Act of 2007).

THE FISCAL YEAR 2008 BUDGET FOR VETERANS' PROGRAMS

United States · United States Senate · 13 February 2007

THE HOMELAND SECURITY DEPARTMENT'S BUDGET SUBMISSION FOR FISCAL YEAR 2008

United States · United States Senate · 13 February 2007

THE PRESIDENT'S FISCAL YEAR 2008 BUDGET FOR THE CENTERS FOR MEDICARE AND MEDICAID SERVICES

United States · United States House of Representatives · 13 February 2007

[H.A.S.C. No. 110-16]HEARING ON NATIONAL DEFENSE AUTHORIZATION ACT FOR FISCAL YEAR 2008 AND OVERSIGHT OF PREVIOUSLY AUTHORIZED PROGRAMS BEFORE THE COMMITTEE ON ARMED SERVICES HOUSE OF REPRESENTATIVES ONE HUNDRED TENTH CONGRESS FIRST SESSION

United States · United States House of Representatives · 13 February 2007

DEPARTMENT OF HEALTH AND HUMAN SERVICES FISCAL YEAR 2008 BUDGET REQUEST

United States · United States House of Representatives · 13 February 2007

National Defense Authorization Act for Fiscal Year 2008

United States · United States Congress · 13 February 2007

National Defense Authorization Act for Fiscal Year 2008 - Authorizes appropriations for the Department of Defense (DOD) for FY2008 for military operations and military construction. Authorizes appropriations to DOD for: (1) procurement, including aircraft, missiles, weapons and tracked combat vehicles, ammunition, shipbuilding and conversion, and other procurement; (2) the Rapid Acquisition Fund and the Joint Improvised Explosive Device Defeat Fund; (3) research, development, test, and evaluation, including ballistic missile defense; (4) operation and maintenance, including defense working capital funds, the defense health program, chemical agents and munitions destruction, and environmental restoration; (5) active and reserve military personnel, including end strengths; and (6) increased costs due to the Global War on Terror for military activities and military construction. Sets forth provisions or requirements concerning: (1) active and reserve military personnel, including officer personnel policy; (2) military education and training, including military justice and defense dependents' education; (3) military pay and allowances; (4) retired pay and survivor benefits, including Survivor Benefit Plan (SBP) matters; (5) military health care; (6) acquisition policy and management; (7) DOD organization and management, including intelligence-related matters; (8) financial, counterdrug, and homeland security matters; (9) civilian personnel matters; and (10) matters relating to other nations, including nonproliferation. Military Construction Authorization Act for Fiscal Year 2007[ sic ] - (Text to be submitted at a later date.)

Next Generation Hispanic-Serving Institutions Act

United States · United States Congress · 13 February 2007

Next Generation Hispanic-Serving Institutions Act - Amends the Higher Education Act of 1965 to revise requirements for Hispanic-serving institutions (HSIs) under title V (Developing Institutions). Establishes a program of competitive grants to eligible HSIs that offer postbaccalaureate certifications or degrees (part B grants). Limits a part B grant award's duration to not more than five years. Prohibits the Secretary of Education from awarding more than one part B grant to an HSI in any one fiscal year. Authorizes appropriations for: (1) the current part A program of grants to HSIs that offer baccalaureate degrees or are junior or community colleges; and (2) the new part B program of grants to HSIs that offer postbaccalaureate certifications or degrees.

Adoption Tax Relief Guarantee Act

United States · United States Congress · 13 February 2007

Adoption Tax Relief Guarantee Act - Exempts provisions expanding the adoption tax credit and adoption assistance programs enacted by the Economic Growth and Tax Relief Reconciliation Act of 2001 from the general terminating (sunset) provisions of that Act.

To repeal the imposition of withholding on certain payments made to vendors by government entities.

United States · United States Congress · 13 February 2007

Repeals provisions of the Tax Increase Prevention and Reconciliation Act of 2005 requiring federal, state, and local governmental entities to withhold 3% of payments due to vendors providing goods and services to such entities.

Small Business Growth Act of 2007

United States · United States Congress · 13 February 2007

Small Business Growth Act of 2007 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to provide for establishment and governance of association health plans (AHPs), which are group health plans that meet certain ERISA certification requirements and whose sponsors are trade, industry, professional, chamber of commerce, or similar business associations. Requires the Secretary to establish a Solvency Standards Working Group. Preempts any state law that may preclude a health insurance issuer from: (1) offering health insurance coverage in connection with a certified AHP; or (2) offering health insurance coverage of the same policy type to other employers operating in the state that are eligible for coverage under such AHPs, whether or not such other employers are participating employers in such plan. Amends the Internal Revenue Code to extend through 2011 the increased expensing allowance for small business assets. Amends the Paperwork Reduction Act to prohibit agency heads from imposing civil fines for first-time paperwork violations by small business concerns unless certain requirements are met. Amends Rule 11 of the Federal Rules of Civil Procedure to require courts to impose sanctions on attorneys, law firms, or parties who file frivolous lawsuits. Sets forth provisions concerning: (1) additional sanctions for willful and intentional destruction of certain documents; and (2) public disclosure of Rule 11 proceedings. Amends the Small Business Act to increase the government-wide goal for procurement contracts awarded to small businesses concerns to 25% (currently, 23%) of federal procurement contracts awarded in a fiscal year.

Living Organ Donor Tax Credit Act of 2007

United States · United States Congress · 13 February 2007

Living Organ Donor Tax Credit Act of 2007 - Amends the Internal Revenue Code to allow a nonrefundable tax credit for a donation of a qualified life-saving organ for transplantation by a living individual into another individual. Defines "qualified life-saving organ" as a kidney, liver, lung, pancreas, intestine, bone marrow, or any part thereof. Limits the annual amount of such credit to $5,000 of the unreimbursed costs and lost wages incurred by an organ donor in connection with an organ transplant. Amends: (1) the Public Health Service Act to reduce federal living organ donation grants by any tax credit for organ donation received under this Act; and (2) the National Organ Transplant Act to provide that any such tax credit shall not be deemed valuable consideration for purposes of the ban against organ purchases.

Proposing an amendment to the Constitution of the United States relative to taxing the people of the United States progressively.

United States · United States Congress · 13 February 2007

Constitutional Amendment - Requires Congress to tax all persons progressively in proportion to their income.

A bill to amend title XXI of the Social Security Act to make available additional amounts to address funding shortfalls in the State Children's Health Insurance Program for fiscal year 2007.

United States · United States Congress · 12 February 2007

Amends title XXI (State Children's Health Insurance) (SCHIP) of the Social Security Act to require the Secretary of Health and Human Services to apply specified rules for an additional redistribution of amounts from unexpended FY2005-FY2006 allotments to address funding shortfalls in SCHIP for FY2007.

Artist-Museum Partnership Act

United States · United States Congress · 12 February 2007

Artist-Museum Partnership Act - Amends the Internal Revenue Code to allow taxpayers who create literary, musical, artistic, or scholarly compositions or similar property a fair market value (determined at the time of contribution) tax deduction for contributions of such properties, the copyrights thereon, or both, to certain tax-exempt organizations, if such properties are properly appraised and are donated no sooner than 18 months after their creation. Limits the amount of such deduction based upon the donor's artistic adjusted gross income, as defined by this Act.

Preserving Patient Access to Inpatient Rehabilitation Hospitals Act of 2007

United States · United States Congress · 12 February 2007

Preserving Patient Access to Inpatient Rehabilitation Hospitals Act of 2007 - Amends the Deficit Reduction Act of 2005 to revise the classification criterion used to determine whether a hospital or hospital unit is an inpatient rehabilitation facility under title XVIII (Medicare) of the Social Security Act. Eliminates the current schedule of applicable percentages. Directs the Secretary of Health and Human Services, instead, to require in the classification criterion a compliance rate no greater than the 60% compliance rate that became effective for cost reporting periods beginning on or after July 1, 2005. Requires the Secretary, for cost reporting periods beginning on or after July 1, 2007, to include patients with comorbidity in the inpatient population that counts towards such 60% compliance rate. Requires the Secretary, the Centers for Medicare & Medicaid Services, fiscal intermediaries, Medicare administrative contractors, recovery audit contractors, and other government agents to use and apply the criteria established in HCFA Ruling 85-2, as issued on July 31, 1985, as the sole standard for determining the medical necessity of services provided by inpatient rehabilitation hospitals and units to beneficiaries under the Medicare program.

Act For Our Kids

United States · United States Congress · 12 February 2007

Act for Our Kids - Repeals the Television Broadcasting to Cuba Act. Amends the Cuban Liberty and Democratic Solidarity (LIBERTAD) Act of 1996 to prohibit federal funding of television broadcasting to Cuba. Terminates the U.S. Court of Federal Claims. Requires federal agencies to reduce administrative expenses. Eliminates the Medicare Advantage Regional Plan Stabilization (SLUSH) Fund. Amends the federal criminal code to prohibit profiteering and fraud involving a contract or the provision of goods or services in connection with a war or military action. Requires: (1) suspension and debarment of unethical contractors; (2) disclosure by federal agencies, upon request, to the appropriate committee chairman or ranking member of audit reports regarding federal contractors; and (3) public access to information on federal contractor penalties and violations through the Federal Procurement Data System website . Amends the Federal Property and Administrative Services Act of 1949 and federal armed forces law to prohibit awards of monopoly contracts exceeding $1 million. Revises the Federal Acquisition Regulation to provide competition in multiple award contracts. Sets forth prohibitions on contractor conflicts of interest. Amends the Office of Federal Procurement Policy Act to prohibit former federal officials from accepting compensation from contractors or related entities. Specifies minimum requirements for political appointees holding public contracting and safety positions. Provides protection of certain disclosures of information by federal employees. Pharmaceutical Market Access and Drug Safety Act of 2007 - Amends the Federal Food, Drug, and Cosmetic Act to revise requirements governing the importation of prescription drugs. Establishes registration conditions for importers and exporters. Declares that the resale in the United States of prescription drugs that were properly sold abroad is not patent infringement. Provides for the sale of prescription drugs through an Internet site. Prohibits the introduction of restricted transactions with unregistered foreign pharmacies into a payment system or the completion of such transactions using a payment system. Instructs the Secretary of the Interior to agree to any lessee request to amend a lease issued for any Central and Western Gulf of Mexico (Gulf) tract during 1998 and 1999 to incorporate specified price thresholds applicable to royalty suspension provisions. Reaffirms the authority of the Secretary to vary, based on the price of production from a lease, the suspension of royalties under specified leases on the Outer Continental Shelf. Cites conditions for the issuance of new leases for oil or natural gas production in the Gulf. Instructs the Secretary to establish conservation of resources fees for both producing and nonproducing federal oil and gas leases in the Gulf. Prescribes restrictions on the transfer of such leases. Amends the Internal Revenue Code to: (1) repeal various tax cuts for millionaire taxpayers; (2) prescribe tax treatment for offshore shelters and expatriation; (3) restate the economic substance doctrine; (4) deny any deduction for certain fines, penalties, and other amounts relating to trade or business expenses; (5) impose a temporary emergency duty surcharge; and (6) provide for offshore oil and gas leasing in 181 Area of Gulf of Mexico. Amends the Federal Reserve Act to require the Federal Reserve Bank to transfer specified surplus funds to the Treasury. Amends the Communications Act of 1934 to make permanent the Federal Communications Commission (FCC) authority to auction licenses to use radio spectrum. Freedom to Travel to Cuba Act of 2007 - Prohibits the President from regulating or prohibiting travel to or from Cuba by U.S. citizens or legal residents, or any of the transactions ordinarily incident to such travel.

Agricultural Business Security Tax Credit Act of 2007

United States · United States Congress · 12 February 2007

Agricultural Business Security Tax Credit Act of 2007 - Amends the Internal Revenue Code to allow a retailer of agricultural products and chemicals or a manufacturer, formulator, or distributor of certain pesticides a business tax credit for 30 percent of costs for or related to the protection of such chemicals or pesticides, including employee security training and background checks, installation of security equipment, and computer network safeguards. Sets a $2 million annual limit on such credit and a per facility limitation of $100,000 (reduced by credits received for the five prior taxable years). Terminates such credit after 2010.

Motorsports Fairness and Permanency Act of 2007

United States · United States Congress · 12 February 2007

Motorsports Fairness and Permanency Act of 2007 - Amends the Internal Revenue Code to make permanent the classification, for depreciation purposes, of any motorsports entertainment complex as seven year property.

SIMPLE Cafeteria Plan Act of 2007

United States · United States Congress · 12 February 2007

SIMPLE Cafeteria Plan Act of 2007 - Amends the Internal Revenue Code to establish a new employee benefit cafeteria plan to be known as a Simple Cafeteria Plan. Defines "Simple Cafeteria Plan" as a cafeteria plan which: (1) is established and maintained by an employer with an average of 100 or fewer employees during a two-year period; (2) requires employers to make contributions or match employee contributions to the plan; (3) requires participating employees to have at least 1,000 hours of service for the preceding plan year and allows such employees to elect any benefit available under the plan; (4) permits participation by self-employed individuals; and (5) includes long-term care insurance as an qualified benefit. Exempts employers who make contributions for employees under a simple cafeteria plans from pension plan nondiscrimination requirements applicable to highly compensated and key employees. Modifies rules applicable to employee benefit flexible spending arrangements, including health and dependent care arrangements, to permit participants to make or modify elections regarding covered benefits and to carry over up to $500 (indexed for inflation) of unused benefits to the succeeding year or transfer such unused amounts to another plan, including an individual retirement plan or a health savings account. Allows an exclusion from the gross income of an employee of up to $7,500 ($10,000 for employees with one or more dependents) for employer contributions to a flexible spending arrangement. Provides for a cost-of-living adjustment to such exclusion amounts beginning in calendar year 2007.

Agricultural Business Security Tax Credit Act of 2007

United States · United States Congress · 12 February 2007

Agricultural Business Security Tax Credit Act of 2007 - Amends the Internal Revenue Code to allow a retailer of agricultural products and chemicals or a manufacturer, formulator, or distributor of certain pesticides a business tax credit for 30 percent of costs for or related to the protection of such chemicals or pesticides, including employee security training and background checks, installation of security equipment, and computer network safeguards. Sets a $2 million annual limit on such credit and a per facility limitation of $100,000 (reduced by credits received for the five prior taxable years). Terminates such credit after 2012.

Exxon Valdez Oil Spill Tax Treatment Act

United States · United States Congress · 12 February 2007

Exxon Valdez Oil Spill Tax Treatment Act - Allows taxpayers who are plaintiffs in the civil action In re Exxon Valdez , No. 89-095-CV (HRH) (Consolidated) (D. Alaska), or their heirs or dependents, to: (1) elect to average, for income tax purposes, income received in settlement of such civil action for the period beginning on January 1, 1994, and ending on December 31 of the year in which any settlement income is received; and (2) make contributions of any amount of such settlement income to certain tax-exempt retirement plans in the year such income is received.

To amend the Internal Revenue Code of 1986 to allow individuals eligible for veterans health benefits to contribute to health savings accounts.

United States · United States Congress · 12 February 2007

Amends the Internal Revenue Code to provide that individual taxpayers who receive Department of Veterans Affairs (VA) periodic health care or medical services shall not be disqualified from making tax deductible contributions to health savings accounts.

Great Lakes Short Sea Shipping Enhancement Act of 2007

United States · United States Congress · 12 February 2007

Great Lakes Short Sea Shipping Enhancement Act of 2007 - Amends the Internal Revenue Code to exempt from the harbor maintenance tax commercial cargo (other than bulk cargo) loaded or unloaded at U.S. ports in the Great Lakes Saint Lawrence Seaway System. Defines the "Great Lakes Saint Lawrence Seaway System" as the waterway between Duluth, Minnesota and Sept. Iles, Quebec, Canada, encompassing the five Great Lakes, their connecting channels, and the Saint Lawrence River.

AN EXAMINATION OF THE PRESIDENT'S FISCAL YEAR 2008 BUDGET REQUEST FOR THE DEPARTMENT OF HOMELAND SECURITY

United States · United States House of Representatives · 9 February 2007

Children's Health Insurance Program Reauthorization Act of 2007

United States · United States Congress · 9 February 2007

Small Business Tax Relief Act of 2007 - Amends Internal Revenue Code provisions relating to small business to: (1) extend through 2008 the work opportunity tax credit: (2) qualify certain individuals between age 18 and 40 living in an empowerment zone, enterprise community, or renewal community for the work opportunity tax credit and expand the eligibility for, and amount of, such credit for certain disabled veterans; (3) increase to $125,000 (adjusted for inflation) the expensing allowance for small business assets and extend such increased allowance through 2010; (4) allow employers to claim a business tax credit for social security taxes paid with respect to employee cash tips without regard to any increase in the federal minimum wage rate; (5) allow a full credit against alternative minimum tax liability for the work opportunity tax credit and the employer credit for social security taxes paid with respect to employee cash tips; (6) treat certain businesses jointly owned by married couples as sole proprietorships for tax purposes; (7) deny preferential tax rates on capital gains and dividend income to certain dependents of taxpayers; and (8) grant the Internal Revenue Service with an additional four months to notify taxpayers of tax deficiencies before the suspension period for interest and penalties on underpayments takes effect. Amends the Tax Increase Prevention and Reconciliation Act of 2005 to increase the estimated tax rate for corporations with assets of not less than $1 billion in the third quarter of 2012.

DEPARTMENTS OF TRANSPORTATION AND HOUSING AND URBAN DEVELOPMENT, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2008

United States · United States Senate · 8 February 2007