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Bill· SS. 268 (113th)referred
United States · United States Congress · 11 February 2013
Cut Unjustified Tax Loopholes Act or the CUT Loopholes Act - Authorizes the Secretary of the Treasury to impose restrictions on foreign jurisdictions or financial institutions operating in the United States that are of primary money laundering concern or that impede U.S. tax enforcement. Amends the Internal Revenue Code to: establish a rebuttable presumption against the validity of transactions by institutions that do not comply with reporting requirements under the Foreign Account Tax Compliance Act; treat certain foreign corporations managed and controlled primarily in the United States as domestic corporations for tax purposes; require tax withholding agents and financial institutions to report certain information about beneficial owners of foreign-owned financial accounts; treat swap payments sent offshore as taxable U.S. source income; allow the disclosure of tax information to specified federal agencies for use in investigating tax shelter schemes; enhance penalties for promoting abusive tax shelters and for aiding and abetting the understatement of tax liability; prohibit tax advisor contingent fee agreements for obtaining a tax savings or benefit; impose additional requirements for third party summonses used to obtain information in tax investigations that do not identify the person with respect to whose liability the summons is issued (i.e., John Doe summons) limit the employer tax deduction for stock options granted to employees to the value of such options as recorded on the employer's books at the time such options were granted; and apply the $1 million limitation on the employer tax deduction for employee remuneration to stock option compensation. Amends the Securities Exchange Act of 1934 to: (1) require corporations registered with the Securities and Exchange Commission (SEC) to report annually, on a country-by country basis, on employees, sales, financing, tax obligations, and tax payments; and (2) authorize a fine of up to $1 million for failure to disclose any holdings or transactions involving equity or debt instruments known to involve a foreign entity that would otherwise be subject to disclosure requirements. Makes investment advisers and persons engaged in forming new business entities subject to anti-money laundering requirements. Imposes new restrictions on U.S. corporations and other entities with foreign income with respect to: (1) tax deductions allocable to deferred foreign income, (2) the recalculation of foreign income taxes, (3) intangible property transferred overseas, (4) tax evasion activities by U.S. corporations reincorporating in a foreign country, and (5) loans to U.S. shareholders from controlled foreign corporations. Requires the Secretary to impose standards for tax practitioners in rendering written advice relating to transactions which have a potential for tax avoidance or evasion. Tax Lien Simplification Act - Amends the Internal Revenue Code to revise procedures for the filing of federal tax liens. Directs the Secretary of the Treasury to: (1) establish and maintain a federal tax lien registry, in lieu of filing tax liens in local jurisdictions, which would be accessible to and searchable by the public through the Internet at no cost; (2) take appropriate steps to secure and prevent tampering with the data recorded in the registry; and (3) review the information in the registry to determine whether information in the registry should be excluded or protected from public viewing. Establishes the priority of a federal tax lien based upon the date and time of the filing of a notice of lien in the federal tax lien registry. Reduces the period for releasing satisfied or unenforceable tax liens from 30 to 20 days. Closing the Derivatives Blended Rate Loophole Act - Amends the Internal Revenue Code to treat all gain or loss with respect to a section 1256 contract (i.e., any regulated futures contract, foreign currency contract, nonequity option, dealer equity option, and dealer securities future contract) as short-term capital gain or loss (currently, 60% of such gain or loss is treated as long-term capital gain or loss and is thus taxed at lower marginal rates). Closing the Oil Spill Cleanup Loophole Act - Amends the Internal Revenue Code to expand the definition of "crude oil" for purposes of the excise tax on petroleum to include shale oil, any bitumen or bituminous mixture, any oil derived from a bitumen or bituminous mixture, and any oil derived from kerogen-bearing sources. Authorizes the Secretary to include as crude oil or as a petroleum product for excise tax purposes any fuel feedstock or finished fuel product customarily transported by pipeline, vessel, railcar, or tanker truck if: (1) the Secretary determines that the classification of such feedstock or fuel is consistent with the definition of oil under the Oil Pollution Act of 1990, and (2) such feedstock or fuel is produced in sufficient commercial quantities as to pose a significant risk of hazard in the event of a discharge. Modifies the definition of "domestic crude oil" for excise tax purposes to eliminate the requirement that such oil be produced in a well located in the United States. Makes permanent the Oil Spill Liability Trust Fund financing rate. Carried Interest Fairness Act of 2012 - Amends the Internal Revenue Code to: (1) set forth a special rule for the inclusion in gross income of partnership interests transferred in connection with the performance of services; (2) treat as ordinary income the net capital gain with respect to an investment services partnership interest, except to the extent such gain is attributable to a partner's qualified capital interest; (3) exempt income from investment services partnership interests from treatment as qualifying income of a publicly traded partnership; (4) increase the penalty for underpayments of tax resulting from failure to treat income from an investment services partnership interest as ordinary income; and (5) include income and loss from an investment services partnership interest for purposes of determining net earnings from self-employment and applicable self-employment taxes. Defines "investment services partnership interest" as any interest in a partnership held by a person who provides services to a partnership by: (1) advising the partnership about investing in, purchasing, or selling specified assets; (2) managing, acquiring, or disposing of specified assets; or (3) arranging financing with respect to acquiring specified assets.
Bill· HRH.R. 592 (113th)referred
United States · United States Congress · 8 February 2013
Federal Disaster Assistance Nonprofit Fairness Act of 2013 - Amends the Robert T. Stafford Disaster Relief and Emergency Assistance Act to include community centers, including tax-exempt houses of worship, as "private nonprofit facilities" for purposes of disaster relief and emergency assistance eligibility under such Act. Makes a church, synagogue, mosque, temple, or other house of worship, and a private nonprofit facility operated by a religious organization, eligible for federal contributions for the repair, restoration, and replacement of facilities damaged or destroyed by a major disaster, without regard to the religious character of the facility or the primary religious use of the facility. Makes this Act applicable to the provision of assistance in response to a major disaster or emergency declared on or after October 28, 2012.
Bill· HRH.R. 601 (113th)referred
United States · United States Congress · 8 February 2013
Permanent Repeal of Oil Subsidies Act - United States Exploration on Idle Tracts Act or USE IT Act - Directs the Secretary of the Interior to: (1) issue regulations establishing a graduated annual production incentive fee governing federal onshore and offshore lands subject to an oil or natural gas production lease but for which such production is not occurring, and (2) deposit the prescribed fee assessment into the general fund of the Treasury. Deficit Reduction Through Fair Oil Royalties Act - Prohibits the Secretary from issuing new oil or natural gas production leases in the Gulf of Mexico under the Outer Continental Shelf Lands Act (OCSLA) to a person that does not renegotiate its existing leases in order to require royalty payments if oil and natural gas prices are greater than or equal to specified price thresholds. Authorizes the Secretary, in the case of multiple lessees, to implement a separate agreement modifying payment responsibilities (including such price thresholds) with any lessee that owns a lease share. Prescribes analogous requirements for lease transfers. Requires rentals or royalties received by the United States to be deposited in the Treasury for federal budget deficit reduction or, if there is no federal budget deficit, for reducing the federal debt. Directs the Secretary to agree to a lessee's request to amend any lease issued for any Central and Western Gulf of Mexico tract in the period of January 1, 1996, through November 28, 2000, to incorporate price thresholds applicable to royalty suspension requirements that are equal to or less than the price thresholds specified under OCSLA. No Free Inspections for Oil Companies Act - Amends the OCSLA to direct the Secretary to establish and collect nonrefundable facility inspection fees from operators of Outer Continental Shelf (OCS) facilities. Establishes in the Treasury the Ocean Energy Enforcement Fund as depository for such fees. Requires amounts collected by the Secretary to be credited as offsetting collections and to be made available for expenditure only for implementing inspections of OCS facilities (including mobile offshore drilling units) and for administration of the inspection program. End Big Oil Tax Subsidies Act of 2013 - Amends the Internal Revenue Code, with respect to the amortization of geological and geophysical expenditures, to apply the special rule for major integrated oil companies to any covered large oil company with gross receipts exceeding $50 million for the taxable year. Excepts any taxpayer with gross receipts exceeding $50 million for the taxable year from: (1) the requirement to include all items of gross income in gross income for the year, (2) the enhanced oil recovery credit, (3) the deduction for intangible drilling and development costs in the case of oil and gas wells, (4) the percentage oil depletion allowance, (5) the deduction for tertiary injectants, (6) passive activity losses and credits, and (7) the deduction for income attributable to domestic production activities. Denies the use of last-in, first-out (LIFO) accounting for major integrated oil companies. Prescribes a special rule for the treatment of foreign taxes paid by a dual capacity taxpayer that is a major integrated oil company.
Bill· SS. 259 (113th)referred
United States · United States Congress · 7 February 2013
Assuring Contracting Equity Act of 2013 - Increases from: (1) 23% to 25% the government-wide small business procurement contract goal, (2) 5% to 10% the government-wide procurement goal for small disadvantaged businesses and women-owned businesses, and (3) 3% to 6% the government-wide procurement goal for service-disabled veteran-owned small businesses and HUBZONE (historically underutilized business zone) small businesses. Limits the number of categories for which a small business may qualify under such goals. Requires, for purposes of such goals, the total value of all prime contracts for a fiscal year to include the value of each contract awarded, regardless of whether it was awarded as the result of unrestricted competition or any determination by the Administrator of the Small Business Administration (SBA) with respect to the potential for a small business to perform the contract or a subcontract. Directs the Administrator to consult with the heads of other federal agencies to develop and implement standards for procurement officers to take into consideration the past compliance of potential contractors with small business subcontracting goals when making contract awards.
Bill· SS. 250 (113th)referred
United States · United States Congress · 7 February 2013
Corporate Tax Dodging Prevention Act - Amends the Internal Revenue Code, with respect to the taxation of the foreign-source income of domestic corporations, to: (1) eliminate the deferral of tax on the foreign-source income of U.S. corporations for taxable years beginning after December 31, 2013, (2) deny the foreign tax credit to large integrated oil companies that are dual capacity taxpayers, (3) limit the offset of the foreign tax credit to income that is subject to U.S. tax, and (4) treat foreign corporations managed and controlled in the United States as domestic corporations for U.S. tax purposes.
Bill· SS. 240 (113th)referred
United States · United States Congress · 7 February 2013
Reserve Retirement Deployment Credit Correction Act - Requires the days of active duty or active service used to reduce the minimum age at which a member of the reserves may retire for non-regular (reserve) service to occur in in any two consecutive fiscal years (under current law, in the same fiscal year).
Bill· SS. 238 (113th)referred
United States · United States Congress · 7 February 2013
Federal Reserve Modernization Act of 2013 - Amends the Federal Reserve Act (FRA) to direct the Board of Governors of the Federal Reserve System (Board) and the Federal Open Market Committee (FOMC) to: (1) promote the goal of long-term price stability, and (2) establish metrics to evaluate whether long-term price stability is being achieved. Prescribes procedures for the establishment and evaluation of such metrics. Directs the Board and the FOMC to: (1) make such information available to the public on a website, and (2) report to Congress each time such metrics are set or revised. Directs the Board to include in its semiannual report to Congress: (1) the results of the evaluation process, (2) whether the goal of long-term price stability is being met, (3) the main monetary policy instruments and strategy used by the Board and the FOMC to achieve long-term price stability, and (4) an analysis of how the policies of the Board and the FOMC are affecting the foreign exchange rate value of the U.S. dollar. Directs the Board to clearly articulate its lender-of-last-resort policy. Revamps FOMC membership to consist of one representative from each of the Federal Reserve banks (in addition to members of the Board). Directs the FOMC to release meeting transcripts to the public within three years after each meeting. Redesignates the Department of the Treasury stabilization fund as the Special Drawing Rights Fund. Instructs the Secretary of the Treasury to liquidate all property in the Fund (other than Special Drawing Rights) and to use all such amounts to reduce the public debt. Limits the availability of the Fund solely to stabilize exchange rates and arrangements. Repeals the authority of the Secretary to deal in U.S. instruments of credit and securities. Permits only Special Drawing Rights to be deposited into the Fund. Requires funds that would otherwise have been deposited into the Fund to be paid, instead, to the Secretary to reduce the public debt. Amends the FRA to authorize the FOMC, in unusual and exigent circumstances, by the affirmative vote of two-thirds of its members, to grant any Federal Reserve bank emergency authority to buy and sell U.S. debt obligations and revenue bonds in anticipation of the collection of taxes or the receipt of assured revenues by any state or local governmental entity, as well as obligations of, or guaranteed by, a foreign government or agency. Amends the Consumer Financial Protection Act of 2010 to repeal: (1) funding for the Consumer Financial Protection Bureau (CFPB), and (2) the Bureau of Consumer Financial Protection Fund.
Bill· SS. 232 (113th)referred
United States · United States Congress · 7 February 2013
Medical Device Access and Innovation Protection Act - Amends the Internal Revenue Code to repeal the excise tax on medical device manufacturers and importers.
Law· HRH.R. 527 (113th)enacted
United States · United States Congress · 6 February 2013
Responsible Helium Administration and Stewardship Act - Amends the Helium Act to redefine the Federal Helium Reserve as the Bureau of Land Management (BLM) Cliffside Gas Field and supporting infrastructure, including: (1) the Cliffside Gas Field helium storage reservoir; and (2) all associated infrastructure owned, leased, or managed under contract by the Secretary of the Interior (Secretary) for helium storage, transportation, withdrawal, purification, or management. Directs the Secretary (who currently is merely authorized) to offer for sale crude helium for federal, medical, scientific, and commercial uses, dividing such sales into three phases, the second of which is to maximize total recovery of helium from the Reserve. Limits the first phase to the one-year period following enactment of this Act, and specifies duration requirements for the second and third phases. Requires the Secretary to establish prices for crude helium sales during the first phase that are not less than the last sales of crude helium from the Federal Helium Reserve before enactment of this Act. Prescribes requirements for the sale of crude helium at auction for federal, medical, scientific, and commercial uses. Permits designated federal agencies and grantees to purchase refined helium from an eligible person for federal, medical, research, and scientific uses at either the minimum auction price, or another price designated by the Secretary. Directs the Secretary to require all parties to a contract for the acceptance, storage, and redelivery of crude helium to disclose, on a confidential basis, in dollars per thousand cubic feet, the weighted average price of all crude helium and bulk liquid helium purchased, sold, or processed by them in qualifying domestic helium transactions during the fiscal year. Specifies conditions under which the Secretary is authorized to change the minimum sales price for crude helium. Requires persons participating in auctions of helium from the Federal Helium Reserve to furnish, upon request, records of transactions in helium auctions required by the Secretary to reconstruct bidding or trading in the course of a particular inquiry or investigation conducted for enforcement or surveillance purposes. Sets forth uses of the Helium Production Fund, including capital investments and maintenance at the Cliffside Gas Field helium storage reservoir and helium pipeline. Directs the Secretary to: (1) publicize on the Internet certain information regarding the current refining capacity on the Federal Helium Reserve pipeline, and (2) take any applications for new refining capacity on the Federal Helium Reserve pipeline. Requires the BLM Director to establish a real-time reporting process, including reporting over the Internet, providing specified data affecting the helium industry (including effects for all persons in the industry from crude helium suppliers to end users). Directs the Secretary to: (1) conduct a national helium gas resource assessment in each reservoir (including the isotope helium-3); (2) complete an assessment of trends in global demand for helium, including such isotope; (3) cooperate with the Secretary of Energy on any assessment or research relating to the extraction and refining of the isotope helium-3 from crude helium at either the Federal Helium Reserve or along the Federal Helium Reserve pipeline system; and (4) report to Congress on the feasibility of establishing a facility to separate the isotope helium-3 from crude helium at either the Federal Helium Reserve or at an existing helium separation or purification facility connected to the Federal Helium Reserve pipeline system.
Bill· HRH.R. 531 (113th)referred
United States · United States Congress · 6 February 2013
Tax Crimes and Identity Theft Prevention Act - Requires the Secretary of the Treasury to take necessary action to correct a tax return or tax information affected by the misuse of a taxpayer's identity within 90 days after receiving notice of such misuse from the taxpayer. Amends the Internal Revenue Code to: (1) authorize the Secretary to disclose tax return information to federal, state, and local law enforcement personnel who are personally and directly engaged in the investigation of identity theft; (2) impose a fine and/or prison term on any person who knowingly or willfully misappropriates another person's tax identification number; (3) increase the civil and criminal penalties for improper disclosure or use of tax information by tax return preparers; and (4) require the Commissioner of the Internal Revenue Service (IRS) to report to Congress on the number of reported tax fraud cases and on actions taken in response to such reports. Directs the Secretary to: (1) implement an identity theft tax fraud prevention program that provides for a unique personal identification number (PIN) on tax returns; (2) establish a fraudulent tax refund prevention program that adds additional triggers to the refund database to identify potentially fraudulent tax refunds; and (3) review whether current federal tax law prevents the effective enforcement of local, state, and federal identity theft statutes. Authorizes the Commissioner to transfer appropriated funds to be used solely to prevent and resolve potential tax fraud cases. Directs the Commissioner to establish in the Criminal Investigation Division of the IRS the position of Local Law Enforcement Liaison to coordinate the investigation of tax fraud with state and local law enforcement agencies. Directs the Comptroller General to study and report on the role of prepaid debit cards and commercial tax preparation software in facilitating fraudulent tax returns through identity theft. Prohibits the Secretary of Commerce from disclosing information contained on the Death Master File relating to a deceased individual to persons who are not certified to access such information. Authorizes the Attorney General to award grants to state and local law enforcement agencies for the investigation and prosecution of tax crimes.
Bill· HRH.R. 582 (113th)referred
United States · United States Congress · 6 February 2013
Healthcare Tax Relief and Mandate Repeal Act - Amends the Internal Revenue Code to: (1) terminate the requirement, added by the Patient Protection and Affordable Care Act (PPACA), that individuals maintain minimum essential health insurance coverage for themselves and dependents; and (2) repeal provisions added by PPACA requiring certain employers who have a workforce of 50 or more full-time employees to provide health insurance coverage for their employees.
Bill· HRH.R. 581 (113th)referred
United States · United States Congress · 6 February 2013
First Responder Medical Device Tax Relief Act - Amends the Internal Revenue Code to exempt a qualified emergency medical device from the excise tax on medical devices. Defines "qualified emergency medical device" as a medical device furnished by first responders or ambulance services in providing out-of-hospital or pre-hospital care, or transport to a medical care facility, for individuals with illnesses, injuries, or other medical emergencies or in need of medical transport, extrication, or evacuation.
Bill· HRH.R. 575 (113th)referred
United States · United States Congress · 6 February 2013
Second Amendment Protection Act of 2013 - Expresses the sense of Congress that the United States should not adopt any treaty that poses a threat to national sovereignty or abridges the rights guaranteed by the Constitution, such as the right to bear arms, and should cease the provision of financial support to any entity that does so. Prohibits the United States from providing any funding to the United Nations (U.N.) for a fiscal year unless the President certifies to Congress that the U.N. has not taken action to infringe on the rights of individuals in the United States to possess a firearm or ammunition, or abridge any of the other constitutionally protected rights of U.S. citizens.
Bill· HRH.R. 559 (113th)referred
United States · United States Congress · 6 February 2013
Audit the Pentagon Act of 2013 - Requires, on March 2 of FY2014 and each subsequent fiscal year, a 5% reduction in the discretionary budget authority of a federal agency that is identified by the Director of the Office of Management and Budget (OMB) as required to have an audited financial statement: (1) that has not submitted a financial statement for the previous fiscal year, or (2) whose statement has not received either an unqualified or a qualified audit opinion by an independent external auditor. Excludes from such reduction accounts for military, reserve and National Guard personnel and the Defense Health Program account of the Department of Defense (DOD). Authorizes the President to waive a reduction in discretionary budget authority if such reduction would harm national security or members of the Armed Forces who are in combat. Requires a report to Congress listing required DOD reports that interfere with DOD's capacity to achieve an audit of its financial statements with an unqualified opinion. Expresses the sense of Congress that: (1) congressional defense committees and DOD should not endanger the nation's troops by reducing wounded warrior accounts or vital protection for members of the Armed Forces in harm's way, (2) the valuation of legacy assets by DOD should be simplified without compromising essential controls or generally accepted government auditing standards, and (3) this Act should not be construed to require or permit the declassification of accounting details about classified defense programs and DOD should ensure financial accountability in such programs. .
Bill· HRH.R. 556 (113th)referred
United States · United States Congress · 6 February 2013
Refundable Child Tax Credit Eligibility Verification Reform Act of 2013 - Amends the Internal Revenue Code, with respect to the child tax credit, to require taxpayers claiming such credit to provide their social security numbers on their tax returns. Prohibits taxpayers who improperly claimed such credit in a previous year from claiming such credit during a disallowance period of: (1) 2 years for claims made with reckless or intentional disregard of rules governing such credit, or (2) 10 years for fraudulent claims. Requires the Secretary of the Treasury to prescribe a form for completion by paid income tax preparers in connection with claims for the refundable portion of the child tax credit. Imposes a penalty on preparers who fail to comply with due diligence requirements for claiming the refundable portion of the credit.
Bill· HRH.R. 549 (113th)referred
United States · United States Congress · 6 February 2013
Homeowner Catastrophe Protection Act of 2013 - Amends the Internal Revenue Code to: (1) allow insurance companies (other than life insurance companies) to make tax deductible contributions to a tax-exempt policyholder disaster protection fund established by this Act for the payment of policyholders' claims arising from certain catastrophic events, such as windstorms, earthquakes, snowstorms, fires, tsunamis or floods, volcanic eruptions, or hail; (2) establish a tax-exempt Catastrophe Savings Account to help taxpayers pay for catastrophe expenses; and (3) allow a nonrefundable tax credit for 25% of certain natural disaster mitigation property expenditures made to fortify a taxpayer's principal residence against catastrophes.
Bill· HRH.R. 545 (113th)referred
United States · United States Congress · 6 February 2013
Prioritize Emergency Job Creation Act - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to require that, if for FY2013-FY2021 appropriations for discretionary accounts are enacted that Congress and the President designate as being for emergency job creation, the adjustment to discretionary spending limits for a fiscal year shall be the total of such appropriations in discretionary accounts designated for emergency job creation. Requires the Office of Management and Budget (OMB), in calculating the amount of the deficit reduction required for FY2013-FY2021 to enforce a specified budget goal under the Gramm-Rudman-Hollings Act, to further reduce the amount calculated for FY2013 by such appropriations for emergency job creation.
Bill· HRH.R. 535 (113th)referred
United States · United States Congress · 6 February 2013
Put America Back to Work Act - Amends the Internal Revenue Code, with respect to the Build America Bond program, to: (1) extend permanently 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) allow refundings of currently-issued Build America bonds, and (4) allow the use of such bonds to fund capital expenditures for levees and flood control projects.
Bill· HRH.R. 534 (113th)referred
United States · United States Congress · 6 February 2013
Restore the Partnership Act - Establishes a permanent, bipartisan National Commission on Intergovernmental Relations. Requires the Commission to: (1) engage in activities and studies necessary to give continuing attention to intergovernmental issues in order to facilitate cooperation and coordination among all levels of government; (2) consider mechanisms for fostering better relations among the levels of government; (3) make available technical assistance to the federal executive and legislative branches in the review of proposed legislation to determine its overall effect on all levels of government; (4) recommend, within the framework of the Constitution, the most desirable allocation of government functions, responsibilities, and revenues among the levels of government; (5) recommend methods of coordinating and simplifying tax laws and administrative policies and practices to achieve a more orderly and less competitive fiscal relationship among the levels of government and to reduce the burden of compliance for taxpayers; and (6) submit an annual report to the President and Congress.
Bill· HRH.R. 530 (113th)referred
United States · United States Congress · 6 February 2013
Government Waste Reduction Act of 2013 - Establishes the Independent Government Waste Reduction Board, the membership of which shall include individuals with national recognition for expertise in agencies, waste reduction, finance and economics, and actuarial sciences. Requires the Board to submit to Congress and the President a report that advises specific implementation of the recommendations from the March 2011 Government Accountability Office (GAO) report "Opportunities to Reduce Potential Duplication in Government Programs, Save Tax Dollars, and Enhance Revenue" and the February 2012 GAO report "Opportunities to Reduce Duplication, Overlap and Fragmentation, Achieve Savings, and Enhance Revenue." Sets forth procedures for congressional consideration of the Board's recommendations.
Bill· HRH.R. 529 (113th)referred
United States · United States Congress · 6 February 2013
Savings Enhancement for Education in College Act - Amends the Internal Revenue Code to: (1) allow a tax credit for contributions to qualified tuition plans; and (2) allow an exclusion, up to $600, from the gross income of an employee for employer contributions to a qualified tuition program.
Bill· HRH.R. 523 (113th)referred
United States · United States Congress · 6 February 2013
Protect Medical Innovation Act of 2013 - Amends the Internal Revenue Code to repeal the excise tax on medical device manufacturers and importers.
Bill· HRH.R. 522 (113th)referred
United States · United States Congress · 6 February 2013
Balanced Budget Accountability Act - Requires each house of Congress to adopt a concurrent budget resolution for a fiscal year which provides that, for each fiscal year for which a budget is provided under the resolution (beginning by FY2023), total outlays do not exceed total receipts. Requires the Director of the Congressional Budget Office (CBO), upon the adoption by a chamber of a concurrent budget resolution for a fiscal year, to transmit to the Speaker of the House of Representatives or the President pro Tempore of the Senate (as the case may be) a certification as to whether or not that chamber has met the requirements of this Act with respect to the resolution. Requires the appropriate payroll administrator of each chamber to deposit in an escrow account all mandatory payments for compensation of Members of Congress serving in that chamber if CBO does not certify that it has adopted a concurrent budget resolution for FY2015 before April 16, 2014. Requires deposits to begin on such date and to be released to appropriate Members on the earlier of: the day on which CBO certifies that the house of Congress has met the requirements of this Act with respect to FY2015, or the last day of the 113th Congress.
Bill· HRH.R. 505 (113th)referred
United States · United States Congress · 5 February 2013
Balancing Act - Title I: Repeal Sequester - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act), as amended by the Budget Control Act of 2011, to repeal certain sequestration requirements for enforcement of a specified budget goal. Title II: Close Tax Loopholes to Achieve Balance - Subtitle A: 28 Percent Limitation on Certain Deductions and Exclusions - Amends the Internal Revenue Code to limit tax deductions and other tax exclusions for taxpayers whose adjusted gross income exceeds $200,000 ($250,000 for married taxpayers filing a joint return). Subtitle B: Tax Carried Interest in Investment Partnerships as Ordinary Income - Amends the Internal Revenue Code to: (1) set forth a special rule for the inclusion in gross income of partnership interests transferred in connection with the performance of services, (2) treat as ordinary income the net capital gain with respect to an investment services partnership interest except to the extent such gain is attributable to a partner's qualified capital interest, (3) exempt income from investment services partnership interests from treatment as qualifying income of a publicly-traded partnership, (4) increase the penalty for underpayments of tax resulting from failure to treat income from an investment services partnership interest as ordinary income, and (5) include income and loss from an investment services partnership interest for purposes of determining net earnings from self-employment and applicable self-employment taxes. Defines "investment services partnership interest" as any interest in a partnership acquired or held by a person who provides services to a partnership by: (1) advising the partnership about investing in, purchasing, or selling specified assets; (2) managing, acquiring, or disposing of specified assets; or (3) arranging financing with respect to acquiring specified assets. Subtitle C: Dual Capacity Taxpayers - Denies a foreign tax credit to a person who is subject to a levy of a foreign country or possession of the United States and who directly or indirectly receives an economic benefit from such country or possession (dual capacity taxpayer). Subtitle D: Close Exclusion of Foreign-Earned Income Loophole - Repeals the tax exclusion for foreign earned income. Subtitle E: Close S Corporation Loophole - Amends the Internal Revenue Code and title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to require certain shareholders of a subchapter S corporation engaged as a partner in a professional service business to include income or loss attributable to such business in their net earnings from self-employment for employment tax purposes. Defines a "professional service business" as any trade or business providing services in the fields of health, law, lobbying, engineering, architecture, accounting, actuarial science, performing arts, consulting, athletics, investment advice or management, or brokerage services. Subtitle F: Limitation on Mortgage Interest Deduction With Respect to Boats - Eliminates the mortgage interest tax deduction for second residences that are boats. Title III: Ending Corporate Subsidies - Subtitle A: End Fossil Fuel Subsidies - Amends the Internal Revenue Code to: (1) terminate the tax subsidy for fossil-fuel related uses of alternative fuel vehicle refueling property; (2) increase to seven years the amortization period for geological and geophysical expenditures; (3) repeal the tax deduction for income attributable to the mining of any hard mineral and the domestic production of oil, natural gas, or primary products thereof; (4) deny the use of the last-in, first-out (LIFO) inventory accounting method to oil, natural gas, and coal companies; (5) repeal percentage depletion for coal, lignite, and oil shale; (6) repeal capital gains tax treatment for royalties from coal; (7) increase the financing rate for the Oil Spill Liability Trust Fund; (8) deny a tax deduction for expenses for removal costs and damages relating to certain oil spill liability; and (9) impose a tax on the removal price of any taxable crude oil or natural gas from federal submerged lands on the Outer Continental Shelf. Subtitle B: Ending Excessive Corporate Tax Deductions for Stock Options - Amends the Internal Revenue Code to: (1) limit the employer tax deduction for employee stock options to the value of such options as recorded on the employer's books at the time such options are granted, and (2) apply the $1 million limitation on the employer tax deduction for employee remuneration to stock option compensation. Subtitle C: Reduce Deduction of Corporate Meals and Entertainment - Reduces from 50% to 25% the tax deduction for business meals and entertainment expenses after 2012. Title IV: Close International Tax System Loopholes - Subtitle A: Reformation of U.S. International Tax System - Imposes new restrictions on U.S. corporations and other entities with foreign income with respect to: (1) tax deductions allocable to deferred foreign income, (2) the recalculation of foreign income taxes, (3) intangible property transferred overseas, and (4) tax evasion activities by U.S. corporations reincorporating in a foreign country. Subtitle B: Reinsurance - Amends the Internal Revenue Code to exclude from the taxable income of a life insurance company or other insurance company: (1) any non-taxed reinsurance premium; (2) any additional amount paid by an insurance company with respect to the reinsurance for which such non-taxed reinsurance premium is paid; and (3) any return premium, ceding commission, reinsurance recovered, or other amount received by an insurance company with respect to the reinsurance for which such non-taxed reinsurance premium is paid. Subtitle C: Close Loophole for Corporate Jet Depreciation - Amends the Internal Revenue Code to classify general aviation aircraft as seven-year property for purposes of the depreciation tax deduction (currently, expenses for aircraft can be deducted or expensed in the current taxable year). Defines "general aviation aircraft" as any airplane or helicopter not used in commercial or contract carrying of passengers or freight, but which primarily engages in the carrying of passengers. Title V: Close Estate Tax Loopholes - Amends the Internal Revenue Code, with respect to the estate tax, to: (1) set forth valuation rules for certain transfers of nonbusiness assets; (2) limit estate tax discounts for certain individuals with minority interests in a business acquired from a decedent; (3) require that the value of the basis in any property acquired from a decedent or by gift be consistent with the basis as determined for estate and gift tax purposes; (4) require executors of estates and donors of gifts required to file a gift tax return to disclose to the Secretary of the Treasury, and to recipients of any interest in an estate or a gift, information identifying the value of each interest received; (5) expand rules for valuing assets in grantor-retained annuity trusts; and (6) terminate the generation-skipping transfer exemption for certain long-term trusts (perpetual dynasty trusts) 90 years after the establishment of such trusts. Title VI: Cut Pentagon Waste to Achieve Balance - Subtitle A: Smarter Approach to Nuclear Expenditures - Smarter Approach to Nuclear Expenditures Act - Prohibits using funds appropriated to the Department of Defense (DOD) for FY2014 or thereafter: (1) to arm a B-2 or B-52 aircraft with a nuclear weapon; (2) for the research, development, test, and evaluation (RDT&E) or procurement of a long-range penetrating bomber aircraft; (3) to make the F-35 Joint Strike Fighter aircraft capable of carrying nuclear weapons; or (4) for the B61 or W78 life extension program. Prohibits, beginning in FY2014, the Navy from including more than eight operational ballistic-missile submarines available for deployment. Prohibits the use of DOD funds: (1) for FY2014-FY2024, to procure an SSBN-X submarine; and (2) for FY2025 and thereafter, to procure more than eight such submarines. Prohibits using DOD funds for FY2014 or thereafter: (1) to maintain more than 200 intercontinental ballistic missiles (ICBMs), (2) to maintain more than 250 submarine-launched ballistic missiles, (3) for the RDT&E or procurement of a new ICBM, or (4) for the medium extended air defense system. Prohibits using DOD or Department of Energy (DOE) funds for FY2014 or thereafter for: (1) the mixed oxide fuel fabrication facility project, (2) the chemistry and metallurgy research replacement nuclear facility, and (3) the uranium processing facility at the Y-12 National Security Complex. Directs the President to annually submit to Congress a comprehensive accounting by the Director of the Office of Management and Budget (OMB) of the amounts obligated or expended by the federal government for each nuclear weapon and related nuclear program during the fiscal year covered by the report and the life cycle of such weapon or program. Subtitle B: Limiting Excessive Contractor Compensation - Limits the amount of compensation payable to employees of government contractors to the rate payable for level I of the Executive Schedule. Subtitle C: Relocate Troops From Europe to the United States - Directs the DOD Secretary to complete the relocation to U.S. military installations of at least 10,000 members of the Armed Forces (members) who are currently assigned to permanent duty ashore in Europe. Prohibits the replacement in Europe of any such personnel. Authorizes a relocation waiver in the event of a declaration of war or an armed attack on any European member-nation of the North Atlantic Treaty Organization (NATO). Subtitle D: Additional Reduction in Armed Forces End Strength Levels - Requires Army and Marine Corps active-duty end strengths to be reduced during FY2013-FY2017 to achieve a total reduction of 20,000 for the Army and 7,000 for the Marine Corps. Subtitle E: Procurement of Certain Submarines, Carriers, and Aircraft - Prohibits DOD funds from being obligated or expended for FY2014-FY2024 to procure more than one Virginia class submarine per fiscal year. Prohibits any such obligation for FY2014 or thereafter to procure: (1) the Ford class aircraft carrier designated CVN-80, (2) V-22 Osprey aircraft, (3) 237 F-35C aircraft, (4) more than 240 F/A-18E and F aircraft, and (5) more than 200 F-35B aircraft. Subtitle F: Limit Military Bands - Prohibits amounts expended for any fiscal year for military musical units from exceeding $200 million. Subtitle G: Reduction in Number of General and Flag Officers - Prohibits the number of active-duty general or flag officers from exceeding six for each 10,000 active-duty members of that armed force. Subtitle H: Audit the Pentagon - Requires a 5% reduction in the discretionary budget authority of a federal agency if such agency has not submitted a financial statement by March 1 of the next fiscal year, or if such statement has not received by such date an unqualified or qualified audit opinion by an independent external auditor. Excludes from such reduction accounts for military, reserve, and National Guard personnel and the Defense Health Program account. Authorizes the President to waive such reduction if it would harm national security or members serving in a combat zone. Requires a report to Congress listing required DOD reports that would no longer be necessary if the financial statements of DOD were audited with an unqualified opinion or that interfere with DOD's capacity to achieve an audit of its financial statements with an unqualified opinion. Expresses the sense of Congress that: (1) congressional defense committees and DOD should not endanger the nation's troops by reducing wounded warrior accounts or vital protection for members in harm's way, (2) the valuation of legacy assets by DOD should be simplified without compromising essential controls or generally accepted government auditing standards, and (3) this Act should not be construed to require or permit the declassification of accounting details about classified defense programs and DOD should ensure financial accountability in such programs. Title VII: Invest in Job Creation - Subtitle A: Making Work Pay Extension - Amends the Internal Revenue Code to reinstate for taxable years beginning in 2013 the making work pay tax credit for the lesser of 6.2% of taxpayer earned income or $400 ($800 for married couples filing a joint tax return). Subtitle B: Support for Teachers and School Modernization - Directs the Secretary of Education to allocate grants to states and, through them, subgrants to local educational agencies (LEAs) for the costs of retaining, recalling, rehiring, or hiring employees to provide early childhood, elementary, or secondary education and related services. Allows states to reserve up to 10% of their grant for awards, for the same purposes, to state-funded early learning programs. Requires LEAs and state-funded early learning programs to obligate such funds by the close of FY2014. Prohibits the use of such grants to supplant state funding for education. Directs the Secretary of Education to allocate grants to states and, through them, subgrants to LEAs to modernize, renovate, or repair early learning or elementary or secondary education facilities. Requires the Secretary of Education to allocate grants directly to the 100 LEAs with the largest numbers of children aged 5-17 living in poverty to modernize, renovate, or repair such facilities. Requires allocation of such funds among these LEAs in proportion to each LEA's respective share of school improvement funds under part A of title I of the Elementary and Secondary Education Act of 1965. Requires states to give subgrant priority to projects that comply with certain green building standards. Prohibits the use of such grants for new construction, routine maintenance costs, or on facilities used for events for which the public is charged admission. Allows private, nonprofit elementary or secondary schools with a rate of child poverty of at least 40% to participate in the program on a limited basis. Reserves funds for a survey, by the National Center for Education Statistics, of nationwide public school construction, modernization, renovation, and repair needs. Directs the Secretary of Education to allocate grants to states to modernize, renovate, or repair existing facilities at community colleges. Prohibits the use of such grants: (1) for routine maintenance costs, (2) on facilities used for events for which the public is charged admission, or (3) on facilities which are used for sectarian purposes. Requires states, in providing assistance to community college projects, to consider the extent to which the project complies with certain green building standards. Limits the amount of time states and LEAs have to obligate this Act's grants and subgrants. Requires, with certain exceptions, the iron, steel, and manufactured goods used in projects funded by this title to be domestic. Subtitle C: Transportation Infrastructure Investments - Makes specified funds available to the Secretary of Transportation (DOT) for: (1) grants-in-aid for airport planning and development and noise compatibility planning projects under the airport improvement program (AIP); (2) Federal Aviation Administration (FAA) Next Generation (NextGen) air traffic control system advancements; (3) highway and bridge restoration, repair, and construction projects and for passenger and freight rail transportation and port infrastructure projects; (4) grants for high-speed rail projects, capital investment grants for intercity passenger rail service, and grants to reduce congestion on intercity rail passenger transportation; (5) capital grants to the National Railroad Passenger Corporation (Amtrak); (6) transit capital assistance grants; (7) capital projects for existing fixed guideway system modernization, replacement and repair of buses and bus-related equipment, and construction of bus-related facilities; and (8) discretionary capital investment grants for surface transportation infrastructure. Authorizes the DOT Secretary to establish standards under which contracts for construction projects contain requirements for the local hiring of individuals to perform construction work under such contracts. Requires projects to comply with Buy American requirements. Building and Upgrading Infrastructure for Long-Term Development - Establishes the American Infrastructure Financing Authority (AIFA) as a wholly-owned government corporation to make direct loans and loan guarantees to facilitate transportation, water, or energy infrastructure projects. Requires infrastructure projects assisted under this Act to have costs that are reasonably anticipated to equal or exceed $100 million ($25 million for rural infrastructure projects). Sets forth special requirements for infrastructure projects in rural areas. Requires the AIFA Chief Lending Officer to establish: (1) an Office of Rural Assistance to provide technical assistance in the development and financing of rural infrastructure projects, and (2) a Center for Excellence to provide such assistance to public sector borrowers for the same purpose. Establishes an Office of Special Inspector General to audit and investigate the business activities of AIFA. Makes private projects for which no public benefit is created ineligible for financial assistance. Sets forth terms for loans or loan guarantees for infrastructure projects. Requires the Chief Executive Officer of AIFA to establish and collect fees sufficient to cover AIFA administrative costs. Amends the Internal Revenue Code to extend through 2013 the exemption from the alternative minimum tax (AMT) for certain tax-exempt private activity bonds.
Bill· HRH.R. 499 (113th)referred
United States · United States Congress · 5 February 2013
Ending Federal Marijuana Prohibition Act of 2013 - Directs the Attorney General to issue a final order that removes marijuana in any form from all schedules of controlled substances under the Controlled Substances Act. Amends such Act to: (1) provide that schedules I, II, III, IV, and V shall consist of the drugs and other substances that are set forth in the respective schedules in part 1308 of title 21 of the Code of Federal Regulations; (2) exempt marijuana from such Act except as provided in this Act; (3) revise the definition of "felony drug offense" to exclude conduct relating to marijuana; and (4) eliminate marijuana from provisions setting forth penalties applicable to prohibited conduct under such Act. Prohibits shipping or transporting marijuana from any place outside a jurisdiction of the United States into such a jurisdiction in which its possession, use, or sale is prohibited. Eliminates marijuana as: (1) a controlled substance for purposes of the Controlled Substances Import and Export Act or the National Forest System Drug Control Act of 1986, (2) a dangerous drug for purposes of federal criminal code provisions authorizing interception of communications, and (3) a targeted drug for purposes of provisions of the national youth anti-drug media campaign under the Office of National Drug Control Policy Reauthorization Act of 1998. Amends the Federal Alcohol Administration Act to set forth procedures for the issuance and revocation by the Secretary of the Treasury of permits for importing, shipping or selling in interstate or foreign commerce, purchasing for resale, producing, packaging, or warehousing marijuana. Prohibits any person from engaging in such conduct without a permit, subject to a $1,000 fine and/or a $500 payment. Sets forth criteria for ineligible applicants and disqualifying offenses. Subjects marijuana to the provisions that apply to: (1) intoxicating liquors under the Original Packages Act, the Webb-Kenyon Act, and the Victims of Trafficking and Violence Protection Act of 2000; and (2) distilled spirits under the Federal Alcohol Administration Act. Grants the Food and Drug Administration (FDA) the same authorities with respect to marijuana as it has for alcohol. Transfers functions of the Administrator of the Drug Enforcement Administration (DEA) relating to marijuana enforcement to the Director of the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF). Renames: (1) ATF as the Bureau of Alcohol, Tobacco, Marijuana, Firearms and Explosives; and (2) the Alcohol and Tobacco Tax and Trade Bureau as the Alcohol, Tobacco, and Marijuana Tax and Trade Bureau. Directs the Comptroller General to review federal laws, regulations, and policies to determine if changes are desirable in light of this Act.
Bill· HRH.R. 514 (113th)referred
United States · United States Congress · 5 February 2013
Donate for Disaster Relief Act of 2013 - Amends the Internal Revenue Code to allow individual taxpayers to designate an amount (not less than $1) of any overpayment of income tax to a Disaster Relief Fund, established by this Act, for the purpose of providing relief for major disasters declared under the Robert T. Stafford Disaster Relief and Emergency Assistance Act.
Bill· HRH.R. 516 (113th)referred
United States · United States Congress · 5 February 2013
Middle Class Payroll Tax Relief Act - Amends the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 to extend through 2013 the 2% reduction in employment tax rates for employees and self-employed individuals.
Bill· HRH.R. 504 (113th)referred
United States · United States Congress · 5 February 2013
Requires the Director of the Office of Management and Budget (OMB), not later than 150 days after the enactment of this Act, to coordinate with the heads of federal agencies to: (1) use available administrative authority to eliminate, consolidate, or streamline federal programs and agencies with duplicative and overlapping missions as identified in the February 2012 Government Accountability Office (GAO) report entitled "Opportunities to Reduce Duplication, Overlap and Fragmentation, Achieve Savings, and Enhance Revenue" and the March 2011 GAO report entitled "Opportunities to Reduce Potential Duplication in Government Programs, Save Tax Dollars, and Enhance Revenue" and apply any savings towards deficit reduction; (2) report to Congress any legislative changes required to further eliminate, consolidate, or streamline such programs and agencies; (3) determine the total cost savings to each agency from the implementation of this Act; and (4) rescind from appropriate accounts the greater of $10 billion or the total amount of such cost savings.
Bill· HRH.R. 501 (113th)referred
United States · United States Congress · 5 February 2013
Marijuana Tax Equity Act of 2013 - Amends the Internal Revenue Code to impose an excise tax on: (1) the sale of marijuana by producers or importers of such drug equal to 50% of the sales price, and (2) each person who is engaged in a marijuana enterprise. Defines "marijuana enterprise" to mean a producer, importer, manufacturer, distributor, retailer or any person who transports, stores, displays, or otherwise participates in any business activity that handles marijuana or marijuana products. Requires any person who engages in a marijuana enterprise to obtain a permit to engage in such business. Imposes civil and criminal penalties for violations of the requirements of this Act.
Bill· HRH.R. 496 (113th)referred
United States · United States Congress · 5 February 2013
Requires any amounts remaining of House Members' Representational Allowances after all payments are made for the year to be deposited in the Treasury and used for deficit reduction or, in fiscal years for which there is no federal budget deficit, to reduce the federal debt. Requires publication in the Congressional Record, after each session of Congress or other period for which the Members' Representational Allowance is made available, of a statement showing, for such session or period, the amount deposited for each such Member and the total deposited for all Members.
Bill· HRH.R. 495 (113th)referred
United States · United States Congress · 5 February 2013
Free File Program Act of 2013 - Authorizes and directs the Secretary of the Treasury to continue to implement and operate the Internal Revenue Service (IRS) Free File program (free online individual income tax preparation and electronic filing services provided by the private sector technology industry to lower income taxpayers).
Bill· HRH.R. 494 (113th)referred
United States · United States Congress · 5 February 2013
Small Brewer Reinvestment and Expanding Workforce Act or the Small BREW Act - Amends the Internal Revenue Code to reduce the rate of the excise tax on beer produced within or imported into the United States for brewers who produce not more than 6 million barrels of beer a year.
Bill· SS. 220 (113th)referred
United States · United States Congress · 4 February 2013
Citrus Disease Research and Development Trust Fund Act of 2013 - Amends the Trade Act of 1974 to establish the Citrus Disease Research and Development Trust Fund, consisting of revenues from duties paid on imported citrus or citrus products, to support scientific research, technical assistance, and development activities to combat both domestic and invasive citrus diseases and pests harming the United States. Establishes the Citrus Disease Research and Development Trust Fund Advisory Board. Makes Fund amounts available to the Secretary of Agriculture to develop a coordinated program of research and product development relating to: (1) scientific research of both domestic and invasive diseases and pests afflicting the citrus industry; and (2) support for the dissemination and commercialization of relevant information, techniques, and technologies discovered through Fund research or other research projects intended to solve problems caused by citrus production diseases and invasive pests. Requires the President to notify certain congressional committees before entering into a trade agreement that could result in a decrease in the amount of: (1) duties paid on imported citrus or citrus products, and (2) funds transferred into the Fund. Prescribes a formula for required estimated tax payments otherwise due in each of the quarters of 2018 from corporations with assets of at least $1 billion. Amends the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) to extend certain customs users fees for the processing of merchandise entered into the United States between October 23, 2021, and November 6, 2021, and other specified customs users fees for merchandise entered between October 30, 2021, and November 13, 2021.
Bill· SS. 218 (113th)referred
United States · United States Congress · 4 February 2013
Harbor Maintenance Act of 2013 - 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.
Bill· SS. 213 (113th)referred
United States · United States Congress · 4 February 2013
Telephone Excise Tax Elimination Act of 2013 - Amends the Internal Revenue Code to repeal the excise tax on communication services (i.e., local telephone service, toll telephone service, and teletypewriter exchange service).
Law· HRH.R. 475 (113th)enacted
United States · United States Congress · 4 February 2013
Amends the Internal Revenue Code to add vaccines against seasonal influenza to the list of those vaccines subject to the excise tax on taxable vaccines.
Bill· HRH.R. 477 (113th)referred
United States · United States Congress · 4 February 2013
Nuclear Family Priority Act - Amends the Immigration and Nationality Act to eliminate parents from the definition of "immediate relatives" with respect to those aliens not subject to worldwide immigration levels or numerical limitations. Replaces 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.
Bill· HRH.R. 474 (113th)referred
United States · United States Congress · 4 February 2013
Complete America's Great Trails Act - Amends the Internal Revenue Code to allow a tax credit for the fair market value of any National Scenic Trail conservation contribution. Requires the Secretary of the Interior to study the efficacy of such tax credit in completing, extending, and increasing the number of National Scenic Trails.
Bill· HRH.R. 483 (113th)referred
United States · United States Congress · 4 February 2013
Farmers Against Crippling Taxes Act - Repeals the federal estate, gift, and generation-skipping transfer taxes.
Bill· HRH.R. 480 (113th)referred
United States · United States Congress · 4 February 2013
Amends the Internal Revenue Code to deny a tax deduction for business-related expenses paid or incurred by a responsible party relating to an incident resulting in the discharge of oil into the navigable waters, other than an incident caused by an act of God or an act of war.
Bill· HRH.R. 476 (113th)referred
United States · United States Congress · 4 February 2013
Generally Accepted Accounting Principles Act or GAAP Act - Requires the President's budget submission to include an estimate of the deficit or surplus for the fiscal year concerned, prepared using generally accepted accounting principles. Amends the Congressional Budget Act of 1974 to require the alternative levels of total revenues, total new budget authority, and total outlays (including related surpluses and deficits) covered by the annual Congressional Budget Office (CBO) fiscal policy report to the congressional budget committees on the upcoming fiscal year to be prepared using both cash basis accounting and generally accepted accounting principles.
Bill· HRH.R. 459 (113th)referred
United States · United States Congress · 4 February 2013
STEM Jobs Act of 2013 - Amends the Immigration and Nationality Act to make up to 55,000 visas available in FY2015 and subsequent fiscal years to qualified immigrants who: (1) have a doctorate degree in a field of science, technology, engineering, or mathematics (STEM degree) from a U.S. doctoral institution of higher education; and (2) have taken all doctoral courses in a STEM field, including all courses taken by correspondence or by distance education, while physically present in the United States. Defines "United States doctoral institution of higher education" as an institution that: (1) is defined under the Higher Education Act of 1965, (2) was classified by the Carnegie Foundation for the Advancement of Teaching on January 1, 2012, as a doctorate-granting university with a very high or high level of research activity or classified by the National Science Foundation as having research activity equivalent to such institutions, and (3) is accredited by an accrediting body that is itself accredited either by the Department of Education or the Council for Higher Education Accreditation. Makes any such unused visas available to aliens who: (1) hold a master's degree in a STEM field from a U.S. doctoral institution of higher education that was either part of a master's program that required at least two years of enrollment or part of a five-year combined baccalaureate-master's degree program in such field; and (2) have taken all master's degree courses in a STEM field, including all courses taken by correspondence or by distance education, while physically present in the United States. Prohibits the Secretary of Homeland Security (DHS) (Secretary) from approving an employer petition on behalf of a STEM alien unless the Secretary receives a determination by the Secretary of Labor that there are not sufficient American workers available for the job. Requires DHS to: (1) adjudicate a petition on behalf of a STEM alien within 60 days, and (2) notify a petitioner within 30 days if the petition does not meet approval standards and needs to be resubmitted. Requires: (1) employers of foreign STEM graduates to submit a job order for the position with the appropriate state workforce agency, and (2) such agency to post the position on its website for at least 30 days. Requires the Department of Labor to: (1) adjudicate a STEM application within 180 days, and (2) notify an applicant within 60 days if the application does not meet approval standards and needs to be resubmitted. Makes unused STEM visas in FY2015 through FY2017 available for use in future years under specified conditions. Eliminates the diversity immigrant program. States that: (1) the permanent priority date for any employment-based petition shall be the date on which the petition is filed, unless such filing was preceded by the filing of a labor certification with the Secretary of Labor, in which case that date shall constitute the priority date; and (2) an alien who is the beneficiary of an employment-based petition that was approvable when filed shall retain such petition's priority date in the consideration of any subsequently filed employment-based petition. Revises foreign student visa (F-visa) provisions to establish: (1) an F-1 visa for a foreign student who is pursuing a full course of STEM field study at a U.S. institution of higher education or a proprietary institution of higher education which has agreed to report the attendance termination of each nonimmigrant student to DHS, or who is participating in related temporary optional practical training following completion of such studies; (2) an F-2 visa for a foreign student who has an actual residence in a foreign country and who seeks to enter the United States temporarily and solely to pursue a course of study at an established college, university, seminary, conservatory, academic high school, elementary school, or in a language training program in the United States, which has agreed to report the attendance termination of each nonimmigrant student to DHS; (3) an F-3 visa for the spouse or minor child of an F-1 or F-2 foreign student; and (4) an F-4 visa for a Canadian or Mexican foreign student who maintains an actual residence in such country and commutes to a U.S. institution for full or part-time (F-1 or F-2 related) study.
Bill· HRH.R. 453 (113th)referred
United States · United States Congress · 4 February 2013
Investment Savings Access After Catastrophes Act of 2013 - Defines "Hurricane Isaac disaster area" for purposes of this Act as any parish or county of Louisiana or Mississippi in an area in which a major disaster has been declared before September 10, 2012, under the Robert T. Stafford Disaster Relief and Emergency Assistance Act by reason of Hurricane Isaac. Provides for tax preferences in the Hurricane Isaac disaster area, including: (1) suspension of limitations on the tax deduction for personal casualty losses, (2) an extension of the carryback period for net operating losses, and (3) tax-free distributions from a retirement plan made on or after August 26, 2012, and before September 11, 2014, to an individual whose principal place of abode on August 26, 2012, was located in the Hurricane Isaac disaster area and who sustained an economic loss due to Hurricane Isaac. Rescinds unobligated funds in an amount equal to the reduction in revenues resulting from the enactment of this Act.
Resolution· HRESH.Res. 48 (113th)passed
United States · United States Congress · 4 February 2013
Sets forth the rule for consideration of the bill (H.R. 444) to require that, if the President's fiscal year 2014 budget does not achieve balance in a fiscal year covered by such budget, the President shall submit a supplemental unified budget by April 1, 2013, which identifies a fiscal year in which balance is achieved.
Bill· HRH.R. 444 (113th)referred
United States · United States Congress · 1 February 2013
Require Presidential Leadership and No Deficit Act or Require a PLAN Act - Directs the President, if his budget for FY2014, as submitted to Congress, results in a projected deficit in every fiscal year for which estimates are provided in it, to submit by April 1, 2013, a supplemental unified budget that includes: the information required by law for the President's budget, an estimate of the earliest fiscal year in which the supplemental budget is not projected to result in a deficit, a detailed description of additional policies to be implemented in order to achieve such result, and an explanation of the differences between the President's original FY2014 budget and the supplemental unified budget.
Bill· HRH.R. 443 (113th)referred
United States · United States Congress · 1 February 2013
Protecting America's Solvency Act of 2013 - Increases the public debt limit by $1 trillion, effective upon adoption by the Congress of a balanced budget constitutional amendment in accordance with the requirements of this Act. Increases the public debt limit by an additional $1 trillion, effective upon ratification of such amendment. Requires such a balanced budget amendment to provide, among other things, that: (1) total outlays of the United States (except those for repayment of debt principal) for any fiscal year shall not exceed total receipts (except those derived from borrowing) for that fiscal year; (2) this fiscal year deficit prohibition may be suspended by a majority of the membership of both houses of Congress in the event of a congressionally declared war, or by 4/5 of the membership of Congress for any other fiscal year; (3) the President, in specified circumstances, shall have discretion to take necessary steps to ensure total outlays for that fiscal year do not exceed total receipts; (4) any Member of Congress, state governor, or state attorney general shall have standing and a cause of action to seek judicial enforcement of the amendment; and (5) after ratification of the amendment its requirements shall be phased in according to a specified schedule.
Bill· SS. 194 (113th)open
United States · United States Congress · 31 January 2013
Tobacco Tax Equity Act of 2013 - Amends the Internal Revenue Code to tax pipe tobacco, smokeless tobacco products, and large cigars at the same level as cigarettes. Revises the definition of "tobacco products" to include any other product containing tobacco that is intended or expected to be consumed. Makes smokeless tobacco products sold in discrete single-use units subject to an excise tax of $50.33 per thousand.
Bill· SS. 199 (113th)referred
United States · United States Congress · 31 January 2013
Alaska Adjacent Zone Safe Oil Transport and Revenue Sharing Act - Amends the Outer Continental Shelf Lands Act (OCSLA) to direct the Secretary of the Interior to: (1) require oil produced from federal leases in certain Arctic waters, except in preproduction phases (including explorations), to be transported by pipeline to onshore facilities; and (2) provide for, and issue appropriate permits for, the transportation of oil from such leases in preproduction phases (including exploration) by means other than pipeline. Requires that the state of Alaska receive 37.5% of all revenues derived from all rentals, royalties, bonus bids and other sums payable to the United States from energy development in any area of the Alaska Adjacent Zone, including from all sources of renewable energy leased, developed, or produced in such Zone. Sets forth an allocation scheme under which the Secretary of the Interior is directed to pay: (1) 25% of any allocable state share directly to coastal political subdivisions, (2) 25% of any allocable state share to certain Regional Corporations, and (3) 10% of any allocable state share directly to Indian tribes. Instructs the Secretary to distribute: (1) 15% of certain federal royalty revenues into a specified land and water conservation fund to provide financial assistance to states, and (2) 7.5% of certain federal royalty revenues into direct federal deficit reduction. Amends the Internal Revenue Code to impose an excise tax on bitumen transported into the United States.
Bill· SS. 196 (113th)referred
United States · United States Congress · 31 January 2013
Assuring Contracting Equity Act of 2013 - Increases from: (1) 23% to 25% the government-wide small business procurement contract goal, and (2) 5% to 10% the government-wide procurement goal for small disadvantaged businesses and women-owned businesses. Limits the number of categories for which a small business may qualify under such goals. Requires, for purposes of such goals, the total value of all prime contracts for a fiscal year to include the value of each contract awarded, regardless of whether it was awarded as the result of unrestricted competition or any determination by the Administrator of the Small Business Administration (SBA) with respect to the potential for a small business to perform the contract or a subcontract. Directs the Administrator to consult with the heads of other federal agencies to develop and implement standards for procurement officers to take into consideration the past compliance of potential contractors with small business subcontracting goals when making contract awards.
Bill· SS. 193 (113th)referred
United States · United States Congress · 31 January 2013
Startup Innovation Credit Act of 2013 - Amends the Internal Revenue Code to allow a qualified small business, other than a tax-exempt organization, to use a portion of its tax credit for increasing research expenditures as an offset against its payroll tax liability under the Federal Insurance Contributions Act (FICA). Defines "qualified small business" as a corporation, partnership, or S corporation if the gross receipts of such entity for the taxable year are less than $5 million and such entity did not have gross receipts for any period preceding the 5-year period ending with such taxable year. Limits the amount of the payroll tax credit portion to $250,000 in any taxable year.
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