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1,301 records in US in 1979
United States · United States Congress · 15 January 1979
Small Savers' Act of 1979 - Amends the Internal Revenue Code to exclude from gross income up to $2,000 of interest income earned on savings accounts.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code with respect to the retirement income credit.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to exempt taxpayers from the payment of interest or a penalty on tax deficiencies attributable to erroneous advice obtained in writing from an Internal Revenue Service Officer or employee acting in an official capacity.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to allow an income tax deduction for State and local utility taxes.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to allow an income tax deduction to a taxpayer who contributes the right to use his real property to a tax-exempt organization for use as a multipurpose senior citizen center or outpatient geriatric clinic. Limits such deduction to 50 percent of the lesser of (1) the fair market rental value of such property, or (2) the amount of State or local property taxes which are paid or incurred by the taxpayer and which are allocable to such property.
United States · United States Congress · 15 January 1979
Tax Reduction and Federal Spending Discipline Act of 1979 - Amends the Internal Revenue Code to reduce individual and estate and trust income tax rates for calendar years 1980 and 1981 and to make a permanent reduction in such rates for taxable years ending after December 31, 1981. Amends the Congressional Budget and Impoundment Control Act to limit fiscal year 1980 budget outlays to those of fiscal year 1979. Prohibits budget outlays in fiscal years 1981, 1982, and 1983 from exceeding outlays in any preceding year by five percent. Authorizes the President to reduce budget outlays in fiscal years 1980, 1981, 1982 and 1983 by a maximum of ten percent.
United States · United States Congress · 15 January 1979
Cost-of-Living Adjustment Act - Amends the Internal Revenue Code to require annual cost-of-living adjustments, based on the Consumer Price Index, to: (1) individual income tax brackets; (2) the corporate surtax exemption; (3) the $1,000 personal exemption; (4) depreciation deductions; and (5) the adjusted basis of property for purposes of determining capital gains. Amends the Second Liberty Bond Act to require cost-of-living adjustments to interest rates on savings bonds and certificates issued pursuant to such Act and on certain other obligations of the United States.
United States · United States Congress · 15 January 1979
Alcohol Fuel Act of 1979 - Amends the Internal Revenue Code to allow a taxpayer to elect an income tax deduction with respect to the amortization, based on a 60 month period, of any qualified facility producing alcohol from coal, wood, waste, or agricultural products for primary use as a motor fuel.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to permit married individuals filing separate income tax returns to use the tax tables applicable to unmarried individuals.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to permit an income tax deduction for agency fees, court costs, attorneys' fees, and other necessary expenses incurred in the adoption of a child. Limits such deduction to $1,250 for the taxable year.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to exclude from the gross estate of an individual the value of an annuity under a qualified State judicial plan or any benefits payable thereunder. Defines "qualified State judicial plan" as a compulsory defined benefit plan for the exclusive benefit of elected judges or their beneficiaries. Provides that the designation of a beneficiary under a State judicial plan shall not be considered a transfer of property for purposes of the gift tax.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to exempt nonprofit volunteer firefighting or rescue organizations from the excise tax on sales of special fuels, automotive parts, petroleum products, and communication services.
United States · United States Congress · 15 January 1979
Amends the Immigration and Nationality Act to increase from $6,000 to $40,000 the amount courts having naturalization jurisdiction may retain from such proceedings in any fiscal year.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to exclude from gross income a corporate stock distribution to a stockholder based upon the reinvestment of stock dividends in the corporation by such stockholder pursuant to his election to participate in a qualified dividend reinvestment plan, as defined in this Act. Limits the amount of such exclusion to $1,500 per year. Establishes a rebuttable presumption that a distribution made by a corporation which purchases its common stock within one year of such distribution shall not be deemed a distribution pursuant to a qualified dividend reinvestment plan.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to allow a refundable, income tax credit for household expenses to any taxpayer who maintains a household in which a dependent aged 65 or over resides. Limits such credit to $250 for each aged dependent for the taxable year.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to provide that the charitable deduction allowed for expenses incurred in the operation of a motor vehicle shall include the depreciation, operation, and maintenance costs allocable to such operation and shall be determined in the same manner as a business related deduction.
United States · United States Congress · 15 January 1979
Amends title XX (Grants to States for Services) of the Social Security Act to reallot unused social services funds to States which will use such funds during the succeeding year in preventing or reducing inappropriate institutional care by providing for community-based care, home-based care, or other forms of less intensive care. Allocates additional Federal matching funds for multipurpose senior center programs. Directs the Secretary of Health, Education, and Welfare to clarify and standardize the eligibility requirements to the provision of assistance to multipurpose senior centers.
United States · United States Congress · 15 January 1979
Religious and Charitable Donors' Tax Justice Act of 1979 - Amends the Internal Revenue Code to allow individuals to elect a nonrefundable income tax credit for charitable contributions in lieu of the current income tax deduction. Limits such credit to the lesser of 50 percent of the charitable contributions paid during the taxable year or $500.
United States · United States Congress · 15 January 1979
Religious and Charitable Donors' Tax Credit Act of 1977 - Amends the Internal Revenue Code to allow individuals to elect a nonrefundable income tax credit for charitable contributions in lieu of the current income tax deduction. Limits such credit to the lesser of 50 percent of the income tax deduction which would be allowed or $500.
United States · United States Congress · 15 January 1979
Cost-of-Living Adjustment Act - Amends the Internal Revenue Code to require annual cost-of-living adjustments, based on the Consumer Price Index, to: (1) individual income tax brackets; (2) the corporate surtax exemption; (3) the $1,000 personal exemption; (4) depreciation deductions; and (5) the adjusted basis of property for purposes of determining capital gains. Amends the Second Liberty Bond Act to require cost-of-living adjustments to interest rates on savings bonds and certificates issued pursuant to such Act and on certain other obligations of the United States.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to allow a taxpayer an income tax credit for expenses paid by such taxpayer for the elementary and secondary education of any of his dependents at a private nonprofit school. Limits such credit to a maximum $300 per dependent for any taxable year. Reduces the allowable credit by one percent of the amount by which the taxpayer's adjusted gross income exceeds $22,500. Allows a credit for tuition, fees, books, supplies, and equipment required for courses. Disallows expenses for meals, lodging, or similar personal expenses.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to allow an income tax deduction for adoption fees on the same basis as deductions are currently allowed for medical or dental expenses.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to exclude from gross income up to $500 of the interest earned on a savings account.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to allow an additional personal tax exemption of $750 for a taxpayer supporting a dependent who is mentally retarded.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to allow individuals age 65 or over an income tax credit for the real property taxes, or 25 percent of the rent (exclusive of charges for utilities, furnishings, services, etc.), paid on their principal residence. Limits the credit to $300, or $150 for married individuals filing separately. Reduces the allowable credit by the amount that the taxpayer's adjusted gross income exceeds $6,500. Extends the credit to married individuals filing jointly where either spouse has attained age 65. Provides that the credit allowed by this Act shall not affect the taxpayer's allowable income tax deductions for real property taxes.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to allow an income tax deduction, without regard to the three percent of income floor, for medical expenses paid for a dependent who is mentally retarded or handicapped.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to allow taxpayers an income tax credit for their higher education and vocational school expenses. Allows a credit for 100 percent of such expenses which do not exceed $200, 25 percent of expenses between $200 and $500, and five percent of expenses between $500 and $1,500. Reduces the amount of such credit by one percent of the amount by which the taxpayer's adjusted gross income exceeds $22,500. Defines "higher education expenses" as tuition, fees, books, supplies, and equipment required for coursework above the twelfth grade level. Excludes expenses for meals, lodging, or similar personal expenses.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to exempt farm vehicles from the highway use tax on motor vehicles used primarily for farming purposes.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to exempt from taxation a trust established for the care of a mentally incompetent individual who is a dependent of the grantor.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to allow individuals a $5,000 exclusion from gross income for any amount received as an annuity, pension, or other retirement benefit.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to permit an income tax deduction for the expenses of special education or training for a physically or mentally handicapped child who is a dependent of the taxpayer.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to increase the amount of the gift tax exemption and to require quarterly cost of living adjustments to such amount.
United States · United States Congress · 15 January 1979
Limits expenditures of the Government, other than those for national defense and security for fiscal year 1979, to an amount which is five percent less than the total of such expenditures for fiscal year 1978. Limits Government expenditures for fiscal year 1979, for compensation of officers and employees of the United States other than those whose employment is directly related to national defense and security, to an amount which is ten percent less than such expenditures for fiscal year 1978.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to allow an individual age 62 or over an exclusion from gross income of up to $3,000 of interest income that would otherwise be includible. Reduces the amount of the exclusion by one-half of the amount by which the individual's adjusted gross income exceeds $5,500.
United States · United States Congress · 15 January 1979
Amends the Federal Civil Defense Act of 1950 to authorize appropriations in specified amounts to carry out the provisions of such Act for fiscal years 1980 through 1986.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to adjust the social security tax rates established by the Social Security Amendments of 1977. Increases, through and past the year 2009, the rate of tax on wages received by employees and paid by employers. Decreases the rate of tax on self employment income for the purposes of title II (Old-Age, Survivors, and Disability Insurance) of the Social Security Act. Decreases such rates on employers', employees', and self-employment income for the purposes of the Hospital Insurance Program. Amends such title II to increase allocations of employment income and decrease allocations of self- employment income from the Treasury to the Federal Disability Insurance Trust Fund. Extends allocation percentages through and past the year 2009. Repeals the yearly increases in the contribution and benefit base enacted by the Social Security Amendments of 1977 for purposes of the Old-Age, Survivors, and Disability Insurance program. Permits mutual borrowing by the Federal Old-Age, Survivors Trust Fund and the Federal Disability Insurance Trust Fund to insure prompt payment of benefits and the full operation of such Fund.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to allow an income tax deduction of up to $1,500 for household expenses to any taxpayer who maintains a household in which a dependent aged 65 or over resides.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to allow individuals an income tax credit for specified medical expenses (including insurance) paid for themselves, their spouses, and dependents. Limits such credit to 50 percent of the amount by which such medical expenses exceed ten, but are less than 20, percent of the individuals adjusted gross income. Allows a full credit for amounts by which such medical expenses exceed 20 percent of adjusted gross income. Repeals the current income tax deduction for medical and dental expenses. Directs the Secretary of the Treasury, in consultation with the Secretary of Health, Education, and Welfare, to draft regulations to prevent fraudulent claims under this Act and to provide for timely payments of refunds to individuals claiming a credit under the provisions of this Act.
United States · United States Congress · 15 January 1979
Prohibits the Secretary of the Treasury from implementing a proposed revenue procedure entitled, "Proposed Revenue Procedure on Private Tax-Exempt Schools," or any other guidelines for determining whether private schools have forfeited their tax-exempt status through the adoption of racially discriminatory policies.
United States · United States Congress · 15 January 1979
Directs the Comptroller General of the United States to audit the gold held by the United States on the first day of each fiscal year and to report the results of such audit to the Congress.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to exclude from the gross income of individuals age 65 or over up to $5,000 of the amount received as an annuity, pension, or other retirement benefit.
United States · United States Congress · 15 January 1979
Amends the Legislative Reorganization Act of 1946 to require the annual rate of pay of Members of Congress and individuals paid under the Executive Schedules to be decreased (or increased, if appropriate) so that the average of that annual rate for all pay periods beginning in October, November, and December of each year after 1981 reflects the budget deficit of the Federal Government for the fiscal year ending immediately before such three-month period. Directs the Secretary of the Treasury to determine and make public after the end of each fiscal year the revenues received and the budget outlays made during that year.
United States · United States Congress · 15 January 1979
Cost-of-Living Adjustment Act - Amends the Internal Revenue Code to require annual cost-of-living adjustments, based on the Consumer Price Index, to: (1) individual income tax brackets; (2) the corporate surtax exemption; (3) the $1,000 personal exemption; (4) depreciation deductions; and (5) the adjusted basis of property for purposes of determining capital gains. Amends the Second Liberty Bond Act to require cost-of-living adjustments to interest rates on savings bonds and certificates issued pursuant to such Act and on certain other obligations of the United States.
United States · United States Congress · 15 January 1979
Establishes a Task Force on the Taxation of Real Property by State and local Governments to study and evaluate such taxation, its effects on middle and fixed income taxpayers, and the feasibility of using Federal taxation and other policies to reduce the dependence of State and local governments on such taxation. Sets forth the membership composition and powers of the Task Force. Requires the Task Force to submit a final report to the President within one year. Terminates the Task Force 90 days after submission of such report.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to exclude from gross income up to $500 of the interest earned on a savings account.
United States · United States Congress · 15 January 1979
Payroll Tax Reduction Act - Amends the Internal Revenue Code and the Social Security Act to finance through general revenues the hospital insurance program of title XVIII (Medicare) of the Social Security Act, rather than through taxes on employers, employees, and the self-employed.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to allow individuals age 65 or over an income tax credit for the real property taxes, or 25 percent of the rent (exclusive of charges for utilities, furnishings, services, etc.), paid on their principal residence. Limits the credit to $300, or $150 for married individuals filing separately. Reduces the allowable credit by the amount that the taxpayer's adjusted gross income exceeds $6,500. Extends the credit to married individuals filing jointly where either spouse has attained age 65. Provides that the credit allowed by this Act shall not affect the taxpayer's allowable income tax deductions for real property taxes.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to exclude from the gross income of individuals age 65 or over amounts received as an annuity, pension, or other retirement benefit. Limits the exclusion to $7,500 for single individuals and $5,000 for each married individual.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to qualify expenditures for woodburning stoves for the 15 percent residential energy conservation credit.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to allow certain low-income individuals a refundable income tax credit for the property taxes and rent paid on their principal residences. Requires, for purposes of eligibility, that the taxes and rent paid by such individuals exceed five percent of their adjusted gross income. Limits such credit to $500 for the taxable year ($250 for married individuals filing separately). Reduces the credit by five percent of the amount by which the taxpayer's adjusted gross income exceeds $10,000 in 1980, $15,000 in 1981, and $20,000 in taxable years beginning after December 31, 1981.