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1,251 records in US in 2003
United States · United States Congress · 7 January 2003
Health Care Tax Deduction Act of 2003 - Amends the Internal Revenue Code to allow all individuals a deduction for amounts paid for health insurance and unreimbursed prescription drugs on behalf of the taxpayer, spouse, and dependents.
United States · United States Congress · 7 January 2003
Educational Empowerment Act - Amends the Internal Revenue Code to allow a tax credit for qualified educational empowerment zone contributions. Allows the designation of up to 30 such zones. Bases designations on the degree of poverty. Establishes a teacher loan forgiveness program for mathematics and science teachers.
United States · United States Congress · 7 January 2003
Double Taxation Elimination and Economic Growth Act of 2003 - Amends the Internal Revenue Code to: (1) allow, for a corporation, a deduction for dividends paid; and (2) tax dividends received by individuals as capital gain.
United States · United States Congress · 7 January 2003
Amends the Internal Revenue Code to deny tax-exempt status to any social club which has been found, pursuant to a determination by a court or government agency, to have a pattern or practice of prohibited discrimination.
United States · United States Congress · 7 January 2003
Amends the Internal Revenue Code to repeal the two percent excise tax on the net investment income of tax-exempt foundations.
United States · United States Congress · 7 January 2003
Amend the Internal Revenue Code to provide, beginning in 2004, for an inflation adjustment of the base amounts used in determining the amount of Social Security benefits included in gross income.
United States · United States Congress · 7 January 2003
Amends title IX (Compliance with Congressional Budget Act) of the Economic Growth and Tax Relief Reconciliation Act of 2001 (P.L. 107-16) to repeal the sunset provisions applicable to title V (Estate, Gift, and Generation-Skipping Transfer Taxes) of such Act. (Makes estate tax repeal permanent.)
United States · United States Congress · 7 January 2003
Small Business Expensing Improvement Act of 2003 - Amends the Internal Revenue Code with respect to the expensing of depreciable business assets (section 179) to increase the maximum amount which may be expensed to $75,000 and the phase-out threshold to $325,000.
United States · United States Congress · 7 January 2003
September 11th Aid Preservation Act of 2003 - Creates an exclusion from gross income under the Internal Revenue Code for certain community development grant funds received as part of the recovery effort from the September 11, 2001, terrorist attacks in New York City.
United States · United States Congress · 7 January 2003
Amends the Soldiers' and Sailors' Civil Relief Act of 1940 to rename the Act as the Servicemembers' Civil Relief Act and to revise provisions with respect to certain civil protections and rights afforded to servicemembers while on active-duty assignment. Authorizes any servicemember to waive any of such rights and protections, pursuant to written agreement. Provides certain protections of servicemembers against default judgments, including a minimum 90-day stay of proceedings, with respect to the payment of any tax, fine, penalty, insurance premium, or other civil obligation or liability. Prohibits an eviction or distress from being made against a servicemember or his or her dependents during a period of military service for a premise for which rent does not exceed $1,700 (currently $1,200), except by court order. Prohibits: (1) rescinding or terminating for breach of contract during a period of military service a contract for the purchase or lease of real or personal property entered into prior to such service; and (2) a person holding a lien on property or effects of a servicemember from foreclosing or otherwise enforcing such lien (with penalties and protection for materially affected dependents) during a period of service and 90 days thereafter. Increases the total amount of life insurance coverage protection provided under the Act to $250,000, or an amount equal to the Servicemembers' Group Life Insurance maximum limit, whichever is greater. Allows findings of fact and conclusions of law made by the Secretary of Veterans Affairs in administering the life insurance provisions of the Act to be reviewed by the Board of Veterans Appeals and the U.S. Court of Appeals for Veterans Claims (not reviewable under current law).
United States · United States Congress · 7 January 2003
Internet Tax Nondiscrimination Act - Amends the Internet Tax Freedom Act to permanently ban: (1) taxes on Internet access; and (2) multiple or discriminatory taxes on electronic commerce.
United States · United States Congress · 7 January 2003
Dividend Taxation Elimination Act of 2003 - Amends the Internal Revenue Code to exclude dividends from gross income, with specified exceptions. Sets forth exclusion limitations prior to 2007.
United States · United States Congress · 7 January 2003
Rural America Job Assistance and Creation Act - Directs the Secretary of Labor to make matching grants to regional consortia meeting specified criteria to improve the job skills necessary for employment in specific industries. Directs the Secretary of Commerce to provide financial assistance, through grants, for the establishment and support of entities that provide business incubator services (necessary for the initiation and initial sustainment of operations of a newly established business, including legal, intellectual property, and technology services and planning) for small- and medium-sized businesses. Directs the Comptroller General to study how rural infrastructure, venture capital, and Federal programs can enhance rural areas. Amends the Worker Adjustment and Retraining Notification Act to require employer notification of Federal and State elected officials (as well as local ones) prior to dislocation of workers. Amends the Immigration and Nationality Act to require submission of H-1B labor condition applications at same time as H-1B nonimmigrant classification petitions. Amends the Internal Revenue Code to: (1) exclude certain amounts of severance payments from gross income; and (2) expand the work opportunity tax credit to include qualified small business employees.
United States · United States Congress · 7 January 2003
Prohibits a State from imposing a tax on the income earned in the State by nonresidents unless the tax is of substantial equality of treatment for the citizens of the State and the nonresidents so commuting.
United States · United States Congress · 7 January 2003
Identity Theft Prevention Act of 2003 - Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act and the Internal Revenue Code to prohibit using a social security account number for various purposes, except for specified social security and tax purposes. Prohibits the Social Security Administration from divulging the social security account number issued to any individual to any agency or instrumentality of the Federal Government, to any State, political subdivision of a State, or agency or instrumentality of a State or political subdivision thereof, or to any other individual. Amends the Privacy Act of 1974 to prohibit any Federal, State, or local government agency or instrumentality from requesting an individual to disclose his social security account number on either a mandatory or a voluntary basis. Prohibits: (1) any two Federal agencies or instrumentalities from implementing the same identifying number with respect to any individual (except as authorized by specified Federal law); or (2) any Federal agency from establishing or mandating a uniform standard for identification of an individual that is required to be used by any other Federal agency, a State agency, or a private person for any purpose other than the purpose of conducting the authorized activities of the Federal agency establishing or mandating the standard, or conditioning receipt of any Federal grant or contract or other Federal funding on the adoption, by a State, a State agency, or a political subdivision of a State, of a uniform standard for identification of an individual.
United States · United States Congress · 7 January 2003
Higher Education Affordability and Fairness Act - Amends the Internal Revenue Code to allow a limited tax deduction for qualified higher education tuition and related expenses. Provides that the increase in the Lifetime Learning Credit to 20 percent of $10,000 of tuition from $5,000 of tuition shall be effective starting in 2002 rather than 2003. Directs the Comptroller General of the United States to conduct an annual study to examine whether the Federal income tax incentives to provide education assistance affect higher education tuition rates in order to identify if institutions of higher education are absorbing the intended savings by raising tuition rates. Expresses the sense of the House of Representatives that the maximum Pell Grant should be increased to $4,700 to pay approximately: (1) 20 percent of the tuition, fees, room and board, and other expenses of the average college; or (2) the tuition and fees of the average public college.
United States · United States Congress · 7 January 2003
United States Library Trust Fund Act - Amends the Internal Revenue Code to: (1) establish in the Treasury the United States Library Trust Fund; and (2) permit a taxpayer to designate one dollar of any tax overpayment of tax and any cash contribution which the taxpayer includes with a return to such Fund. Provides for grants from such fund to public libraries and public school libraries.
United States · United States Congress · 7 January 2003
Rural America Digital Accessibility Act - Authorizes the Secretary of Commerce to make grants or guarantee loans in order to facilitate the deployment by the private sector of broadband telecommunications networks and capabilities (including wireless and satellite services) to underserved rural areas. Limits to $100 million the total amount of such grants and loan guarantees. Requires the Director of the National Science Foundation to research the enhancement or facilitation of broadband telecommunications services in rural and other remote areas, as well as Internet access through such services. Amends the Internal Revenue Code to provide a tax credit to holders of qualified technology bonds (bonds representing an investment in projects to expand such telecommunications services). Sets a national technology bond limitation of $100 million for each of FY 2003 through 2007, and zero thereafter (with an exception) to be allocated by the Secretary among the qualified projects designated each year. Directs the Secretary to provide financial assistance for the establishment and support of regional centers for the commercial use of advanced technologies by small and medium-sized businesses.
United States · United States Congress · 7 January 2003
Open Space Preservation Act of 2003 - Amends the Internal Revenue Code to exclude from gross income the gain from the sale or exchange of farmland if there is a covenant prohibiting any use other than as farmland.
United States · United States Congress · 7 January 2003
Say No to Drug Ads Act - Amends the Internal Revenue Code to prohibit a tax deduction for any amount paid or incurred for a direct-to-consumer advertisement of a prescription drug.
United States · United States Congress · 7 January 2003
States that the Internal Revenue Code shall be applied without regard to the Supreme Court's decision in United States v. Fior D'Italia (which permitted use of the aggregate estimation method when calculating an employer's total Federal Insurance Contribution Act (FICA) liability for tips received by employees rather than basing FICA liability on each employee's actual tips).
United States · United States Congress · 7 January 2003
Amends the Internal Revenue Code to repeal, effective January 1, 2003, the 1993 increase in income taxes on Social Security benefits.
United States · United States Congress · 7 January 2003
Permanent Death Tax Repeal Act of 2003 - Amends title IX (Compliance with Congressional Budget Act) of the Economic Growth and Tax Relief Reconciliation Act of 2001 (P.L. 107-16) to repeal the sunset provisions applicable to title V (Estate, Gift, and Generation-Skipping Transfer Taxes) of such Act.
United States · United States Congress · 7 January 2003
Residential Solar Energy Tax Credit Act - Amends the Internal Revenue Code to allow a limited tax credit through tax year 2008 for residential solar energy property equal to the sum of: (1) 15 percent of the taxpayer's qualified photovoltaic property expenditures during the taxable year; and (2) 15 percent of the taxpayer's qualified solar water heating property expenditures during the same year.
United States · United States Congress · 7 January 2003
Amends the Internal Revenue Code to allow penalty-free distributions, on account of the death or disability of the participant's spouse, from qualified retirement plans, including: (1) employee annuities purchased by charitable organizations or public schools; (2) custodial accounts for regulated investment company stock; and (3) Roth individual retirement accounts (Roth IRAs).
United States · United States Congress · 7 January 2003
Citizen Involvement in Campaigns Act of 2003 - Permits an individual a tax credit of up to $200 ($400 in the case of a joint return), equal to the verified amount of certain political contributions the individual made during the taxable year. Denies a deduction for any amount taken into account in determining the credit permitted in this Act. Allows a deduction of up to $600 ($1200 for a joint return). Allows the deduction whether or not a taxpayer itemizes other deductions.
United States · United States Congress · 7 January 2003
Amends the Internal Revenue Code to advance the effective date of individual income tax rate reductions (25%, 28%, 33%, 35%) from 2006 to 2003. Amends the Economic Growth and Tax Relief Reconciliation Act of 2001 to make the provisions and amendments of such Act permanent.
United States · United States Congress · 7 January 2003
Artists' Estate Tax Fairness Act - Amends the Internal Revenue Code to permit the exclusion from the gross estate the value of each qualified work of artistic property held by the decedent at the time of death, if the decedent created such property. Requires the decedent to have held at least 50 qualified works at the time of death. Defines "qualified artistic property."
United States · United States Congress · 7 January 2003
Investment Tax Incentive Act of 2003 - Amends the Internal Revenue Code to provide for reduced capital gain rates for qualified economic stimulus gain. Defines "qualified economic stimulus gain" as the aggregate long-term capital gain (with specified exceptions) from property the holding period for which begins during the 2-year period beginning on the date of the enactment. Provides for the indexing of assets (certain stocks and tangible property) for purposes of determining gain or loss.
United States · United States Congress · 7 January 2003
Dividend Taxation Elimination Act of 2003 - Amends the Internal Revenue Code to exclude dividends from gross income, with specified exceptions.
United States · United States Congress · 7 January 2003
Health Care Freedom of Choice Act - Amends the Internal Revenue Code to allow as a deduction any medical expenses not compensated by insurance.
United States · United States Congress · 7 January 2003
Amends the Internal Revenue Code, with respect to certain Department of Defense civilian employees serving in combat zones, to: (1) exclude from gross income certain combat zone compensation; (2) make the additional estate tax inapplicable; and (3) exclude the toll tax on telephone service from such zones.
United States · United States Congress · 7 January 2003
Family Care Tax Credit Act - Amends the Internal Revenue Code with respect to the household and dependent care services credit to: (1) eliminate the employment-related requirement; (2) increase the credit percentage; and (3) revise allowable amounts considered for credit calculation.
United States · United States Congress · 7 January 2003
Alternative Minimum Tax Repeal Act of 2003 - Amends the Internal Revenue Code to prohibit the imposition of the alternative minimum tax on: (1) corporations beginning January 1, 2003; and (2) individuals beginning January 1, 2013.
United States · United States Congress · 7 January 2003
Restoring Investor Confidence Act of 2003 - Amends the Internal Revenue Code to revise rules concerning capital gain for taxpayers other than corporations to establish a new general rule which provides that if for any taxable year a taxpayer other than a corporation has a capital gain, 55 percent of such gain shall be a deduction from gross income. Excludes from individual gross income 55 percent of dividends received from a domestic corporation.
United States · United States Congress · 7 January 2003
Homeowner Refinance Fairness Act of 2003 - Amends the Internal Revenue Code to set the refinancing limitation on the deduction for home mortgage interest at $1,000,000, or $500,000 in the case of a married individual filing a separate return (presently the Code holds that in the case of a taxpayer who secures indebtedness on a residence by refinancing, there may not be a deduction for an amount of indebtedness which exceeds the amount of the refinanced indebtedness).
United States · United States Congress · 7 January 2003
Amends the Internal Revenue Code to decrease the excise tax on beer.
United States · United States Congress · 7 January 2003
Tax Equity Act - Amends the Internal Revenue Code to provide regional cost-of-living adjustments in individual income tax rates. Directs the Secretary of Labor to produce a regional cost-of-living index.
United States · United States Congress · 7 January 2003
Capital Gains Tax Rate Reduction Act of 2003 - Amends the Internal Revenue Code to: (1) reduce the 10 and 20 percent individual capital gains tax rates to 5 and 10 percent respectively; (2) repeal provisions providing for reduced capital gain rates for qualified five year gains; and (3) with respect to the alternative minimum tax, reducing the 10 and 20 percent maximum tax rate on net capital gain for individuals to 5 and 10 percent respectively.
United States · United States Congress · 7 January 2003
First-Time Home Ownership Made Easy Act of 2003 - Amends the Internal Revenue Code with respect to tax-exempt mortgage issues to include a specified median family income-based alternative purchase price limitation.
United States · United States Congress · 7 January 2003
Amends the Internal Revenue Code to allow the limited (up to $2,000 annually) carryover of unused benefits from health flexible spending arrangements to subsequent taxable years to be used for the reimbursement of future medical expenses.
United States · United States Congress · 7 January 2003
Individual and Small Business Tax Simplification Act of 2003 - Amends the Internal Revenue Code, with respect to individuals, to: (1) increase the alternative minimum tax exemption amount and adjust it for inflation; (2) replace the head of household filing status with a new exemption for single parents; (3) allow itemizers and nonitemizers a 50 percent deduction for capital gains; (4) repeal the two percent floor on miscellaneous itemized deductions; (5) accelerate the repeal of the phaseout of the overall limitation on itemized deductions and the phaseout of the personal exemption; (6) exclude means-tested government benefits from determining support for purposes of the dependency exemption; (7) combine the Hope and Lifetime Learning credits into an education credit; (8) revise the taxation of social security benefits, the deduction for points on a home mortgage, the taxation of minors, the dependent care credit, the additional exemption for qualifying children, and the definition of qualified higher education expenses; and (9) repeal personal holding company tax provisions. Revises provisions concerning small business taxation to: (1) eliminate the S corporation filing category and permit eligible corporations that are not publicly traded to be treated as a partnership; (2) increase expensing under section 179; (3) repeal provisions concerning collapsible corporations; (4) exclude from net earnings from self-employment partnership income attributable to capital; (5) repeal the ability to elect large partnership reporting rules; and (6) revise provisions concerning the exchange of property held for productive use, the definition of qualified corporate partners for purposes of the at risk rules, payments to retiring partners, foreign currency transactions, and a limited entrepreneur with respect to farming.
United States · United States Congress · 7 January 2003
Voluntary Opportunities for Increasing Contributions to Education Act - Amends the Internal Revenue Code to allow an annual tax credit of up to $500 for an individual ($1,000 for joint filers) and $100,000 for a corporation for 75 percent of the qualified charitable contributions (school tuition organizations, facility construction or renovation, computer acquisition or training) made on behalf of elementary or secondary schools.
United States · United States Congress · 7 January 2003
Death Tax Permanency Act of 2003 - Amends title IX (Compliance with Congressional Budget Act) of the Economic Growth and Tax Relief Reconciliation Act of 2001 (P.L. 107-16) to repeal the sunset provisions applicable to title V (Estate, Gift, and Generation-Skipping Transfer Taxes) of such Act. (Makes estate tax repeal permanent.) States that such amendments shall take effect as if included in section 901 of such Act.
United States · United States Congress · 7 January 2003
Amends the Internal Revenue Code to establish a limited business credit relating to the use of clean-fuel vehicles by businesses within areas designated as nonattainment areas under the Clean Air Act.
United States · United States Congress · 7 January 2003
Agricultural Producers Value-Added Investment Tax Credit Act of 2003 - Amends the Internal Revenue Code to provide that for purposes of the general business credit, for either an eligible farmer or a farmer-owned entity, the value-added agricultural property investment credit for any taxable year is 50 percent of the basis of any qualified value-added agricultural property placed in service during the taxable year. Provides that, in the case of a farmer-owned entity, such credit shall be allocated on a pro rata basis among eligible persons holding qualified interests in such entity as of the last day of such taxable year. Limits such credit.
United States · United States Congress · 7 January 2003
Amends the rules of the Internal Revenue Code concerning the required use of the percentage completion method of accounting for long-term contracts (Section 460) with respect to the special rule for manufacturing contracts to revise such special rule to require that a contract for the manufacture of property shall not be treated as a long-term contract unless: (1) such contract involves the manufacture of any unique item of a type which is not normally included in the finished goods inventory of the taxpayer or any item which normally requires more than 12 calendar months to complete (without regard to the period of the contract); and (2) any payment for the manufacture of such item is required to be made before the manufacture of such item is completed.
United States · United States Congress · 7 January 2003
Investor Protection, Market Stabilization, and Tax Fairness Restoration Act of 2002 (sic) - Amends the Internal Revenue Code to allow a tax credit for a taxpayer other than a corporation in an amount equal to the shareholder credits determined with respect to dividends received from domestic corporations. Sets a maximum amount for the credit. Prohibits the allotting of credit in certain instances to nonresident aliens. Provides criteria for calculating a shareholder credit for a dividend. Classifies any shareholder credit determined under this Act as a tax paid by the relevant corporation. Includes a taxpayer's shareholder credits in gross income. Permits a corporation to deduct 100 percent of the amount received as dividends from a domestic corporation (presently the Code allows a deduction of 70 percent or 100 percent, depending on the type of dividend). Increases, from 70 to 100 percent, the amount a corporation is allowed to deduct with respect to dividends on certain preferred stock.
United States · United States Congress · 7 January 2003
Family Heritage Preservation Act - Amends the Internal Revenue Code to repeal the estate tax, gift tax, and tax on generation-skipping transfers.
United States · United States Congress · 7 January 2003
Fair Tax Act of 2003 - Amends the Internal Revenue Code to repeal subtitle A (Income Taxes), B (Estate and Gift Taxes), and C (Employment Taxes) of the Internal Revenue Code. Imposes a tax on the use or consumption in the United States of taxable property or services. Sets the tax rate at 23 percent for the calendar year 2005. Sets the rate, for years after 2005, at the combined sum of the general revenue rate (14.91 percent), the old-age survivors and disability rate, and the hospital insurance rate. Sets forth provisions concerning, among other things; (1) imports and exports; (2) definitions; (3) credits and refunds; (4) a "family consumption allowance"; (5) Federal and State cooperative tax administration; (6) administrative matters; (7) collections, appeals, and taxpayer rights; (8) special rules (hobbies, gaming, government purchases, non-profits, and etc.); (9) financial intermediation services; and (10) additional matters. Sets forth provisions concerning the: (1) phase-out of administration of repealed taxes; (2) administration of other taxes (establishes an Excise Tax Bureau and a Sales Tax Bureau); and (3) sales tax inclusive social security benefits indexation.