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1,301 records in US in 2001
United States · United States Congress · 3 January 2001
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 · 3 January 2001
Amends the Internal Revenue Code to permanently extend the Indian employment credit and the depreciation rules for property used predominantly within an Indian reservation.
United States · United States Congress · 3 January 2001
First-Time Homebuyer Tax Credit Act of 2001 - Amends the Internal Revenue Code to allow a first-time homebuyer who purchases a principal residence a tax credit of ten percent of the purchase price of such residence. Limits the credit to $5,000. Requires married individuals filing jointly to both be first-time homebuyers. Allows the use of 50 percent of the credit in the first taxable year in which the residence is purchased and the remaining 50 percent in the succeeding taxable year. Makes this credit applicable to residences acquired on or after January 1, 2001, and before January 1, 2003, or for which a binding contract is entered into during such period.
United States · United States Congress · 3 January 2001
See summary of: H.R. 153
United States · United States Congress · 3 January 2001
Amends the Internal Revenue Code to repeal the estate tax, gift tax, and the tax on generation-skipping transfers.
United States · United States Congress · 3 January 2001
Child Care Tax Credit Reform Act of 2001 - Amends the Internal Revenue Code to increase the amount of employment-related expenses subject to the dependent care income tax credit. Denies the credit to taxpayers having adjusted gross income of $50,000 or more.
United States · United States Congress · 3 January 2001
Death Tax Termination Act of 2001 - Amends the Internal Revenue Code to repeal the estate tax, gift tax, and the tax on generation-skipping transfers.
United States · United States Congress · 3 January 2001
Estate Tax Relief Act of 2001 - Amends the Internal Revenue Code to: (1) reduce the estate and gift tax rate; and (2) increase the unified credit exclusion to $10 million.
United States · United States Congress · 3 January 2001
Pell Grant Full Funding Act of 2001 - Amends the Higher Education Act of 1965 to require that funds be available to the Secretary of Education in each fiscal year in amounts necessary to pay to each student the amount for which such student is eligible under the Pell Grant program.
United States · United States Congress · 3 January 2001
National Improvement in Mathematics and Science Teaching Act of 2001 - Amends the Elementary and Secondary Education Act of 1965 to establish various programs for improvement of science and mathematics education. Directs the Secretary of Education to: (1) make grants to States for improvement and recruitment of quality teachers in science and mathematics education; (2) make grants to States for professional development of mathematics and science teachers; (3) establish, in cooperation with the Director of the National Science Foundation, 15 John Glenn Academies, and make grants to such Academies for summer workshops for mathematics and science education teachers and for intensive, year-long fellowships for 3,000 individuals to prepare them to meet State certification requirements for teaching mathematics or science in grades seven through 12; (4) establish and operate a National Clearinghouse of Best Practices to coordinate successful and proven professional development opportunities for teachers, collect, and disseminate curricular materials, and undertake other activities to encourage teacher interest and involvement in professional development, particularly for mathematics and science teachers of grades seven through 12; (5) make grants to States to improve science and mathematics education, and encourage more students to enter the fields of mathematics, science, and technology; and (6) make grants to local educational agencies for subgrants to public elementary and secondary schools to promote both achievement equity and gender equity in mathematics and science education. Amends the Internal Revenue Code to establish: (1) a tax credit for businesses that employ science, mathematics, and technology teachers in summer fellowships related to their fields of teaching; and (2) a fair market value tax deduction for charitable contributions of science, mathematics, or technology equipment to public elementary and secondary schools.
United States · United States Congress · 3 January 2001
Trident II (D-5) Missile Production Limitation Act - Prohibits funds appropriated to the Department of Defense for fiscal years after 2002 from being obligated or expended for production of additional Trident II (D-5) missiles. Allows amounts appropriated to the Department to be expended for such missile only to complete production of those missiles commenced with funds appropriated before FY 2003.
United States · United States Congress · 3 January 2001
Cuba Reconciliation Act - Amends the Foreign Assistance Act of 1961 (including other specified laws) to repeal the embargo placed upon all trade with Cuba. Amends the Internal Revenue Code to declare the denial of foreign tax credit inapplicable to Cuba. Permits: (1) installation and maintenance of telecommunications equipment and facilities in Cuba, including telecommunications services between the United States and Cuba; and (2) travel to and from Cuba by U.S. citizens or residents. Requires the U.S. Postal Service to provide direct mail service to and from Cuba.
United States · United States Congress · 3 January 2001
Retirement Account Portability Act of 2001 - Amends the Internal Revenue Code to permit rollovers from State and tax-exempt instrumentalities and from and to public school retirement plans. (Sec. 3) Permits individual retirement plan (IRA) rollovers only if the entire amount is deposited into another defined contribution retirement plan and certain other conditions are met. (Sec. 4) Provides for faster vesting of employer matching contributions. (Sec. 5) Amends the Employee Retirement Income Security Act of 1974 (ERISA) to extend single employer missing participant provisions to multiemployer plans. Authorizes transfer of a missing participant's benefits to a corporation upon termination of certain pension plans. (Sec. 6) Removes certain restrictions on the rollover of after-tax contributions. Provides a hardship exception to the 60-day transfer requirement. (Sec. 7) Permits distributions upon severance from employment (currently upon separation from employment). (Sec. 8) Authorizes employers to disregard rollovers for purposes of employee cash-out amounts under the Code and ERISA. (Sec. 9) Authorizes trustee-to-trustee transfers to purchase permissive service credit with respect to Federal or public school and State and tax-exempt instrumentality pension plans.
United States · United States Congress · 3 January 2001
Amends the Department of the Interior and Related Agencies Appropriations Act, 2001 (Public Law 106-291) to repeal a limitation on the portion of National Endowment for the Arts grant funds which may be made available to any single State.
United States · United States Congress · 3 January 2001
Identity Theft Protection Act of 2001 - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act and the Internal Revenue Code to establish new rules restricting the use of Social Security account numbers (SSNs) to applicable Social Security Administration and tax related purposes. Amends the Privacy Act of 1974 to prohibit any Federal, State, or local government agency from requiring or requesting an individual to disclose his SSN. Prohibits any two Federal agencies or instrumentalities from implementing the same identifying number with respect to any individual, except as authorized under this Act. Prohibits a Federal agency from: (1) establishing or mandating a uniform standard for individual identification that is required to be used by any other Federal or State agency or by a private person except for conducting the authorized activities of the Federal agency establishing or mandating the standard; or (2) conditioning receipt of any Federal grant or contract on the adoption, by a State or State agency or by a political subdivision of a State, of a uniform standard for individual identification. Prohibits a Federal agency from establishing or mandating a uniform standard for individual identification that is required to be used within the agency, or by any other Federal or State agency or by a private person for regulating a transaction to which the Federal Government is not a party, or for administrative simplification.
United States · United States Congress · 3 January 2001
Biennial Budgeting and Appropriations Act - Amends the Congressional Budget Act of 1974 to revise the Federal and congressional budget processes by establishing a two-year budgeting and appropriations cycle and timetable. Defines the budget biennium as the two consecutive fiscal years beginning on October 1 of any odd-numbered year.
United States · United States Congress · 3 January 2001
Constitutional Amendment - Provides for agreement each fiscal year between Congress and the President on an estimate of total receipts. Prohibits outlays for such year from exceeding such amount unless authorized by a specific congressional vote. Provides by law for repayment in the ensuing fiscal year whenever actual outlays exceed actual receipts for any fiscal year. Requires a three-fifths roll call vote of each House to increase the public debt. Directs the President to submit a balanced budget to Congress.
United States · United States Congress · 3 January 2001
Military Retiree Health Care Relief Act - Amends: (1) the Internal Revenue Code to allow a refundable credit for premiums paid by military retirees for Medicare (title XVIII of the Social Security Act) part B (Supplementary Medical Insurance) coverage; and (2) part B of title XVIII of the Social Security Act to eliminate, as specified, the ten percent part B premium penalty.
United States · United States Congress · 3 January 2001
Notch Baby Health Care Relief Act - Amends the Internal Revenue Code to allow a credit for premiums paid by a "notch baby" under part B (Supplementary Medical Insurance) of title XVIII (Medicare) of the Social Security Act. Amends such part B to eliminate the part B premium penalty for a "notch baby."
United States · United States Congress · 3 January 2001
Notch Fairness Act of 2001 - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to revise the formula for the computation of minimum Old Age Insurance benefits for individuals who reached age 65 in or after 1979 and to whom applies the 15-year transition period for the changes in benefit computation rules enacted in the Social Security Amendments of 1977. Sets forth a schedule of additional benefit increases for such beneficiaries (and related beneficiaries), with percentages declining from 55 percent to five percent and keyed to the year an individual became eligible for such benefits between 1979 and 1988. Allows such beneficiaries, in the alternative, to receive lump sum payments over four years totaling $5,000. Directs the Director of the Office of Management and Budget, when estimating any additional spending under the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) resulting from this Act, to decrease the adjusted discretionary spending limits for budget authority and outlays for FY 2002 set forth in such Act by the increase in direct spending estimated to result from enactment of this Act for that fiscal year.
United States · United States Congress · 3 January 2001
Amends the Trade Act of 1974 to authorize appropriations to the Department of Labor through FY 2006 for: (1) trade adjustment assistance to displaced workers and for firms; and (2) the North American Free Trade Agreement Transitional Adjustment Assistance Program. Provides that a certification of eligibility to apply for trade adjustment assistance shall not cover a worker whose last total or partial separation from a firm occurred more than two years (currently, one year) before the date of a petition on which such certification was granted (effectively extending the time for filing the petition for worker assistance).
United States · United States Congress · 3 January 2001
Railroad Retirement and Survivors' Improvement Act of 2001 - Amends the Railroad Retirement Act of 1974 to increase benefits to railroad employees and their beneficiaries and to revise financing of the pension part (tier II) of the railroad retirement system. Establishes a Railroad Retirement Trust Fund (the Fund) and a Railroad Retirement Investment Trust to manage and invest the assets of the Fund. Abolishes the Railroad Retirement Supplemental Annuity Account and provides for transfer of its funds to the Fund. Provides for various other transfers of funds to the Fund. Requires the Railroad Retirement Board to calculate the ratio of assets to benefits to determine annual tier II tax rates for employers, employee representatives, and employees. Amends the Internal Revenue Code to exempt the Fund from taxation. Repeals a supplemental annuity tax that railroad employers pay to finance a benefit for long-time rail employees. Provides for adjustments to railroad employers, employee representatives, and employee tier II tax rates.
United States · United States Congress · 3 January 2001
Self-Employed Health Affordability Act of 2001 - Amends the Internal Revenue Code to increase the deduction allowed for the health insurance costs of self-employed individuals to 100 percent.
United States · United States Congress · 3 January 2001
Amends the Internal Revenue Code to permit: (1) annual carryover of up to $3000 of unused benefits under cafeteria plans or flexible spending or similar arrangements; and (2) in lieu of a carryover, such amount to be rolled over as nontaxable income when transferred to certain retirement plans, a medical savings account, an education individual retirement account, or health care reimbursement rollover account. Authorizes an annual cost-of-living adjustment to the $3000 limit. Exempts a health care reimbursement rollover account from Federal income tax unless such account ceases to be that type of account. Subjects such account to taxation on unrelated business income. Outlines account qualification requirements. Considers as nontaxable income any amounts paid out of such accounts when used exclusively for qualified medical expenses, while considering as taxable any amounts used otherwise. Excludes account funds from estate taxes. Considers the transfer of such an account to a designated beneficiary as if the beneficiary were the original account holder. Authorizes the Secretary of the Treasury to require from an account trustee appropriate reports concerning account contributions, distributions, and related matters.
United States · United States Congress · 3 January 2001
National Resource Governance Act of 2001 - Establishes the National Energy Self-Sufficiency Commission, which shall: (1) investigate issues involving U.S. dependence on foreign energy sources; (2) evaluate proposals to make the United States self-sufficient in energy production by the year 2011; (3) explore alternative energy sources; (4) investigate areas currently not being used for oil exploration and drilling for environmental reasons; (5) consider tax credits and other financial incentives; and (6) expand drilling in areas such as the Arctic National Wildlife Refuge and offshore. Prohibits the Commission from recommending an increase in taxes or other revenues, or import restrictions on oil or other commodities.
United States · United States Congress · 3 January 2001
Amends the Internal Revenue Code to terminate after December 31, 1999, the designation of income tax payments to the Presidential Election Campaign Fund. Terminates the Fund itself and the Presidential Primary Matching Payment Account after December 31, 2000, and transfers any amounts remaining in the Fund to the general fund of the Treasury.
United States · United States Congress · 3 January 2001
Truth in Water Transportation Budgeting Act - Prohibits the receipts and disbursements of the Inland Waterways Trust Fund and the Harbor Maintenance Trust Fund from being counted as new budget authority, outlays, receipts, or deficit or surplus for purposes of the Federal budget as submitted by the President, the congressional budget, or the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act). Exempts such trust funds from any general statutory budget outlays limitation. Requires the Secretary of the Army to estimate annually: (1) what, but for this Act, would be at the close of the next fiscal year the amount of unfunded inland waterways and harbor maintenance authorizations; and (2) the net inland waterways and harbor maintenance receipts at the close of such year.
United States · United States Congress · 3 January 2001
Seniors Tax Equity Act of 2001 - Amends the Internal Revenue Code to repeal the requirement that tax-exempt interest be taken into account when determining the amount of social security and railroad retirement benefits subject to tax.
United States · United States Congress · 3 January 2001
Hazardous Waste Recycling Tax Credit Act of 2001 - Amends the Internal Revenue Code to provide a tax credit of two cents per pound for the recycling of hazardous wastes.
United States · United States Congress · 3 January 2001
Amends the Internal Revenue Code to: (1) increase, from $50 to $200 per month, the deduction allowed for host families of foreign exchange and other students; and (2) provide an inflation adjustment for such amount.
United States · United States Congress · 3 January 2001
Surviving Spouse Fairness Act of 2000 - Amends the Internal Revenue Code to provide a $500,000 exclusion of gain on certain sales of a principal residence by a surviving spouse.
United States · United States Congress · 3 January 2001
Anti-Retroactive Taxation Act - Prohibits retroactive Federal income tax rate increases.
United States · United States Congress · 3 January 2001
Amends the Internal Revenue Code to repeal the tax increase on social security benefits enacted by the Revenue Reconciliation Act of 1993.
United States · United States Congress · 3 January 2001
Amends the Federal Election Campaign Act of 1971 (FECA) to establish rules for disclosure to respondents, and reports to the Federal Election Commission, relating to polling by telephone or electronic device in connection with elections for Federal office where more than 1,200 households are surveyed. Amends the Internal Revenue Code to: (1) provide a limited tax credit for half the individual political and newsletter contributions (up to $100, or $200 for a joint return) paid by the taxpayer during the taxable year; and (2) repeal the Presidential Election Campaign Fund. Directs the Secretary of the Treasury to deposit into the Treasury as miscellaneous receipts any amounts that remain two years after enactment of this Act in the Presidential Election Campaign Fund or the Presidential Primary Matching Payment Account. Amends FECA to: (1) require a majority of Senate and House of Representatives candidate funds to come from individuals residing in the State in which the election is held; (2) prohibit "bundling" of contributions to candidates for Federal office by political action committees and lobbyists; (3) modify limitations on contributions for House candidates who spend or contribute with respect to an election in excess of amounts authorized by this Act under certain conditions; (4) add specified reporting requirements for such amendments; (5) revise the definition of "expressly advocating"; and (6) reduce from $5,000 to $2,000 the maximum aggregate contributions by multicandidate political committees to any Federal election candidate and his authorized political committees.
United States · United States Congress · 3 January 2001
Directs the Secretary of the Treasury to report to Congress a plan for an appropriate tax incentive to encourage individuals other than military personnel to participate as members of honor guards at funerals for veterans.
United States · United States Congress · 3 January 2001
Indian Reservation Jobs and Investment Act of 2001 - Amends the Internal Revenue Code to allow an Indian reservation investment credit based on specified amounts. Includes qualified personal property and qualified real property used or located outside an Indian reservation which is connected to existing tribal infrastructure in the reservation, including roads, power lines, water systems, railroad spurs, and communication facilities as a reservation infrastructure investment. Limits the credit based on the Indian unemployment rate. Provides for recapture of the credit in certain cases.
United States · United States Congress · 3 January 2001
Prohibition on United Nations Taxation Act of 2001 - Prohibits the United States from paying any voluntary or assessed contributions to the United Nations (UN) or any of its agencies if the UN: (1) attempts to impose a tax on any U.S. person; or (2) borrows funds from the International Bank for Reconstruction and Development (World Bank), International Monetary Fund, or any other similar or regional international financial institution. Prohibits the United States from paying any voluntary or assessed contributions to the UN or any of its agencies, including the UN Development Program, unless the President certifies to the Congress 15 days in advance of such payment that the UN or such agency is not engaged in any effort to develop or promote any taxation proposals in order to raise revenue.
United States · United States Congress · 3 January 2001
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 · 3 January 2001
Amends the Internal Revenue Code to provide for an inflation adjustment to the exclusion amount on the gain from the sale of a personal residence.
United States · United States Congress · 3 January 2001
Armed Services Educational Relief Act - Amends the Internal Revenue Code to exclude from gross income certain payments on student loans of members of the armed forces.
United States · United States Congress · 3 January 2001
Amends the Internal Revenue Code to treat private mortgage insurance premiums as interest.
United States · United States Congress · 3 January 2001
Tribal Government Tax-Exempt Bond Authority Amendments Act of 2001 - Amends the Internal Revenue Code to permit the issuance of tax-exempt bonds by an Indian tribal government if at least 95 percent of the net proceeds are used to finance tribal facilities. Provides for the tax-exempt treatment of any private activity bond issued by an Indian tribal government or subdivision as a qualified bond. Prescribes specific ownership restrictions and an employment test. Exempts from the exclusion any bond issued by such tribal government or subdivision unless it is federally guaranteed. Amends the Securities Act of 1933 to exempt obligations issued by an Indian tribal government or subdivision from registration requirements.
United States · United States Congress · 3 January 2001
Layoff Tax Relief Act of 2001 - Amends the Internal Revenue Code to exclude from gross income up to $2,500 of any "qualified severance payment." Defines such payment. Excludes from such definition payments exceeding $150,000.
United States · United States Congress · 3 January 2001
Amends the Internal Revenue Code to exclude, subject to a $3,000 maximum exclusion (double for a joint return), from gross income a capital gain dividend which is: (1) distributed by a regulated investment company; and (2) automatically reinvested by the company in the stock of such company with respect to which the dividend is distributed.
United States · United States Congress · 3 January 2001
Social Security Benefits Tax Relief Act of 2001 - Amends the Internal Revenue Code to repeal the 85 percent (second tier) taxation of Social Security and Railroad Retirement benefits. Appropriates, from the general fund, to the Hospital Insurance Trust Fund amounts equal to the reduction in revenue lost because of the repeal. Requires an annual report concerning the funds transferred from the general fund to the Trust Fund.
United States · United States Congress · 3 January 2001
Higher Education Affordability and Availability Act - Amends the Internal Revenue Code to exclude from income distributions from qualified tuition programs used for qualifying higher education expenses. Includes within the definition of "qualified State tuition program" programs maintained by eligible educational institutions.
United States · United States Congress · 3 January 2001
Private Land Conservation Tax Act - Amends the Internal Revenue Code to: (1) allow a limited credit to an eligible farmer or rancher for a qualified conservation contribution; (2) treat such a farmer or rancher as an individual with respect to any such contribution with respect to the charitable contribution limit; and (3) expand, for estate tax purposes, the definition of land which may qualify for a conservation contribution.
United States · United States Congress · 3 January 2001
Mandates Information Act of 2001- Amends the Congressional Budget Act of 1974 to require the Director of the Congressional Budget Office, in preparing estimates of the direct costs of a Federal private sector mandate, to estimate, if feasible, the impact of such mandate on consumers, workers, and small businesses, including any disproportionate impact in particular regions or industries. Provides a point of order against legislation that would increase the direct costs of Federal private sector mandates (excluding direct costs attributable to revenue resulting from tax or tariff provisions of any such measure if it does not raise net tax and tariff revenues over the five-fiscal-year period beginning with the first fiscal year such measure affects such revenues) by an amount that causes the stated threshold of $100 million per fiscal year to be exceeded.
United States · United States Congress · 3 January 2001
Amends the Internal Revenue Code to make permanent the credit for increasing research activities. Increases the alternative incremental credit rates.
United States · United States Congress · 3 January 2001
Family Equity Preservation Act of 2001 - Amends the Internal Revenue Code to: (1) increase the unified estate and gift tax credit to $5,000,000; and (2) increase the annual exclusion from gift tax to $30,000.