The world's political record
Records whose title is actually about this topic. Use a country filter if the list is still too broad.
1,351 records in US in 1979
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to allow members of State legislatures the same income tax deduction for living expenses as is allowed to Members of Congress.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to exclude from gross income up to $800 ($1,600 for joint returns) of the interest earned on savings accounts in banks, savings and loan associations, or credit unions.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to allow an income tax credit to persons age 65 and over or to handicapped, disabled or blind individuals for real property taxes or rent paid or incurred by such individuals on property used as a principal residence. Limits the amount of such credit to $500 for the taxable year. Reduces the amount of such credit by ten percent of the excess of the taxpayer's adjusted gross income over $9,000.
United States · United States Congress · 15 January 1979
Antirecession Supplementary Fiscal Assistance Amendments of 1979 - Amends the Public Works Employment Act of 1976 to establish a supplementary antirecession fiscal assistance program to aid local governments which have an average unemployment rate during a calendar quarter above six percent. Authorizes appropriations through fiscal year 1980 for the purposes of this Act.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to allow individuals who rent their principal residence an income tax deduction for a portion of the real property taxes paid or accrued by their landlord.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to deny an income tax deduction for any expenses paid or incurred to advertise alcoholic beverages.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to repeal the estate and gift taxes.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to allow taxpayers to deduct from gross income in the current taxable year all expenditures for business plants or facilities which are required by Federal law and which are otherwise chargeable to capital account, but which do not significantly increase the value or productivity of such plants or facilities.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to allow an income tax deduction for the expenses paid for the higher education of the taxpayer or a dependent, not exceeding $1,500 for each student.
United States · United States Congress · 15 January 1979
National Dividend Act of 1979 - Establishes a program for the distribution of corporate income tax, capital gains tax, and insurance company income tax revenues to the registered voters of each State in the form of dividend payments. Directs the Secretary of the Treasury to pay to the chief financial officer of each State an amount equal to the National Dividend Payment, as computed under this Act, multiplied by the number of registered voters in such State. Establishes the National Dividend Payment Trust Fund. Directs the payment of specified amounts to the Trust Fund between 1980 and 1983. Establishes a National Dividend Review Board to review the manner in which payments are made from the Trust Fund and to make investments of trust funds which are not required to meet current expenses. Amends the Internal Revenue Code to exclude from gross income any dividend income, including dividends received under this Act, received by a taxpayer from a domestic corporation. Allows an income tax deduction to corporations for a specified amount of dividends on the preferred stock of a public utility. Prohibits an increase of corporate income tax rates above 50 percent. Limits increases in Federal expenditures during the five year period beginning after the date of the enactment of this Act to an amount which is attributable to inflation.
United States · United States Congress · 15 January 1979
Excludes all compensation received for property damaged as a result of the Teton Dam disaster in Idaho from gross income for income tax purposes. Subtracts such compensation from the adjusted basis of the damaged property. Provides for the nonrecognition of gain on sales of property which lost at least 50 percent of its market value as a result of the disaster when sold within two years by persons who owned the property at the time of the disaster. Exempts a taxpayer from any recapture of investment tax credits previously taken on property disposed of as a result of the Teton Dam disaster.
United States · United States Congress · 15 January 1979
American Tax Reduction Act of 1979 - States as the purposes of this Act: (1) the reduction of the public debt; (2) the imposition of limits on Federal spending; (3) the inducement of Members of Congress to eliminate unneeded Federal programs; (4) the reduction of individual income taxes; (5) tax relief for homeowners; and (6) the indexation of tax rates to reflect inflation of income. Title I: Individual Income Tax Rate Reductions - Amends the Internal Revenue Code to reduce individual and estate and trust income tax rates for 1979, 1980, and 1981, and to make a permanent reduction in such rates for years after 1981. Title II: Provisions Relating to Capital Gains - Reduces the alternative tax on capital gains to 15 percent of the net capital gain. Eliminates capital gains as an item of tax preference for purposes of the minimum and maximum tax. Repeals the alternative minimum tax schedule for capital gains of individual taxpayers which was enacted by the Revenue Act of 1978. Permits a taxpayer to elect to offset against taxable income all capital losses not in excess of taxable income. Permits a one-year carryover of losses in excess of taxable income. Eliminates the age requirement (55) for eligibility for the one-time $100,000 exclusion of gain from the sale of a principal residence. Title III: Provisions Relating to Indexing for Inflation - Requires cost-of-living adjustments to income brackets for purposes of the individual income tax and the normal tax on corporate income. Requires a similar adjustment to capital assets for purposes of determining gain or loss and to estates and gifts in determining the tax at the time of transfer. Replaces the corporate income tax rates with a graduated, five-tier schedule, imposing the uppermost (46 percent) marginal rate upon income in excess of $100,000. Title IV: Reduction in Federal Spending - Limits Federal spending to 18 percent of the gross national product by fiscal year 1983. Prohibits the consideration of any bill in Congress which would cause the spending limit to be exceeded.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to allow certain individuals to compute the amount of the income tax deduction for retirement savings on the basis of the earned income of their spouses, without regard to any community property laws.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to allow an income tax credit, not to exceed $250, for 50 percent of the expenses paid or incurred by a speech - or hearing-impaired individual for the use of toll telephone service by means of teletypewriters.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to permit inclusion of employment-related expenses incurred for the care of the spouse and handicapped dependents of the taxpayer, as well as dependents under age 15, in determining the credit for expenses for household and dependent care services rendered outside the taxpayer's household.
United States · United States Congress · 15 January 1979
Product Liability Insurance Tax Equity Act of 1977 - Amends the Internal Revenue Code to qualify trusts established for the payment of product liability claims as tax-exempt organizations. Allows an income tax deduction for contributions to such trusts only to the extent they exceed the reasonable costs to the taxpayer for product liability insurance protection for the year.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to increase the individual income tax credit for the elderly and to eliminate the adjusted gross income limitation on such credit.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to allow an income tax deduction, not to exceed $200, for 50 percent of the expenses paid or incurred by a sight-, speech-, or hearing-impaired individual for the purchase or installation of a teletypewriter.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to require an annual cost-of-living adjustment, based on the Consumer Price Index, to the individual income tax rates and the personal exemption.
United States · United States Congress · 15 January 1979
Permits a private foundation which acquired at least 50 percent of the voting stock of a qualified public utility on or before May 26, 1969, to hold such stock for a 20 year period from such date without being subject to the excise tax on excess business holdings. Stipulates that such foundation must have been incorporated on or before December 31, 1967, and have acquired the public utility stock by gift, devise, or bequest from an individual who is not an officer of the foundation nor has any family members who are officers.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to deny an income tax deduction for any expenses paid or incurred to advertise alcoholic beverages.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to exempt government chartered air museums operated exclusively for the care or use of antique, custom-built, racing, military or other special types of aircraft from the excise taxes on special fuels and the use of civil aircraft.
United States · United States Congress · 15 January 1979
Tuition Tax Credit Act of 1979 - Amends the Internal Revenue Code to allow individual taxpayers an income tax credit for 35 percent of the tuition paid for the elementary, secondary, college, or post-secondary vocational education of the taxpayer, his spouse, or any of his dependents. Sets forth maximum dollar amounts allowable as a credit for calendar years 1979 through 1982, after which the credit expires. Treats tuition payments as paid for calendar year 1979 only if such payments are made on or after August 1, 1979, and before February 1, 1980, for education furnished on or after August 1, 1979, and before January 1, 1980. Treats tuition payments as paid for calendar years 1980 and thereafter only if such payments are made during the particular calendar year or within one month of the beginning or close of such calendar year for education furnished during that year. Defines full-time and qualified half-time student. Excludes from the definition of "tuition" any amounts paid for books, supplies, equipment for coursework, meals, lodging, transportation, or similar personal expenses. Forbids any construction of this Act as granting the Government additional authority to examine the books or activities of any church school except to the extent necessary to determine whether such school is an eligible educational institution within the meaning of this Act. Provides for the immediate certification of any judicial action brought in a United States district court concerning the constitutionality of this Act to the appropriate circuit court of appeals. Authorizes direct appeal to the Supreme Court of any decision by a circuit court. Requires the expedited consideration of such a case at both judicial levels. Requires the disregard of any amount received by the taxpayer as a tuition tax credit for purposes of determining the eligibility of the taxpayer for Federal, State, or local educational assistance.
United States · United States Congress · 15 January 1979
Limits the tax liability of taxpayers with an adjusted gross income of $30,000 or less to ten percent of such income.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to allow an income tax deduction for the use of a passenger automobile in a car pool.
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 repeal the authority of the Secretary of the Treasury to disclose to any party to a judicial or administrative tax proceeding whether a prospective juror has been the subject of a tax investigation or audit by the Internal Revenue Service. Restricts disclosure of tax return information to State and local tax officials by requiring that any disclosure directly relate to the administration or enforcement of State or local tax law. Permits the Secretary to refuse any disclosure which would identify a confidential informant or seriously impair any civil or criminal tax investigation. Prohibits disclosure of tax information to State or local tax officials unless their State or locality has adopted a law which restricts the disclosure of tax information to the same extent that this Act restricts disclosure. Requires written notification to a prospective Presidential appointee that a request has been made for disclosure of his tax returns. Requires that such appointee consent in writing to such disclosure. Limits the Secretary's authority to disclose the tax return information of individuals who owe child support payments to only that information which is required to locate such individuals. Repeals the authority of the Secretary to disclose nontax return information to another Federal agency for use in an administrative or judicial proceeding not relating to tax administration. Requires a Federal agency which seeks nontax return information to show in Federal district court that there is probable cause to believe that a specific Federal law has been violated, that such information is probative evidence of a fact in issue, that such disclosure is not otherwise prohibited by law, and that such information cannot reasonably be obtained from any other source.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to allow pensioners under a public retirement system and other retirees aged 65 or over 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 require the Internal Revenue Service to pay costs incurred by a taxpayer for professional assistance during a tax audit if the audit does not result in additional tax liability.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to grant jurisdiction to the United States Tax Court or any United States district court to enter a declaratory judgment in a controversy involving the issue of whether a tax ruling of the Secretary of the Treasury is in accordance with existing law. Grants standing to bring such action to any individual who can adequately present the appropriate legal issues and whose tax liability is not directly affected by the challenged tax ruling. Requires that the person bringing a petition for a declaratory judgment notify the Secretary of his intentions at least 90 days before the filing of the petition. Requires the Secretary to publish a notice in the Federal Register that such petition has been filed. Permits intervention in proceedings for a declaratory judgment by any individual whose tax liability is or may be directly affected by the challenged tax ruling. Awards attorney's fees plus an amount not to exceed $100 to any party bringing a petition who prevails on the merits of the case.
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 allow individual taxpayers an income tax credit for the private, nonprofit elementary or secondary school tuition of the taxpayer or his dependents. Limits the amount of such credit to 50 percent of the tuition paid (up to $400 per student) or $200, whichever is less. Reduces the amount of such credit by $1 for each full $20 by which the adjusted gross income of the taxpayer exceeds $18,000. Defines "tuition" as any amount required for full time enrollment at a private nonprofit elementary or secondary school, but excludes meals, lodging, transportation, supplies, equipment, clothing, or other personal expenses. Forbids any construction of this Act as granting the Government additional authority to examine the books or activities of any church school except to the extent necessary to determine whether such school is a private, nonprofit elementary or secondary school. Grants standing in the United States District Court for the District of Columbia to any taxpayer to petition for injunctive or declaratory relief with respect to the constitutionality of any provision of this Act. Requires the expedited consideration of any such case.
United States · United States Congress · 15 January 1979
Cigarette Health Protection Tax Act of 1979 - Amends the Internal Revenue Code to substitute a health protection tax on cigarettes manufactured in or imported into the United States for the present tax. Sets forth graduated tax rates based on the tar and nicotine content of each cigarette. Directs the Federal Trade Commission to determine the tar and nicotine content of each brand of cigarettes manufactured in or imported into the United States, and to certify these findings to the Secretary of the Treasury.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to exempt light farming and livestock trailers from the highway motor vehicle excise tax.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to allow individual taxpayers an income tax credit for a portion of the expenses such taxpayers pay to attend an institution of higher education. Limits the amount of such credit to 75 percent of expenses under $200, 25 percent of expenses over $200 but under $500, and 10 percent of expenses over $500 but under $1,500. Includes within the definition of "expenses of higher education" tuition and fees required for attendance at an institution of higher education, fees, books, supplies, and equipment required for coursework. Excludes expenses for meals, lodging, or similar living expenses. Defines "institution of higher education" as an educational institution which regularly offers education above the twelfth grade level and which qualifies as a charitable institution for purposes of the income tax deduction for charitable contributions. Reduces the amount of expenses eligible for the credit by any amounts received by the taxpayer as tax-exempt scholarships, fellowships, or educational assistance for veterans.
United States · United States Congress · 15 January 1979
Internal Revenue Administration Act - Establishes the Internal Revenue Administration as an independent agency in the executive branch of the Federal Government for the purpose of administering and enforcing the Internal Revenue Code. Prescribes the terms and conditions of office for the Administrator of the Internal Revenue Administration. Transfers all present functions, instructions, rules, or regulations which were promulgated or administered by the Secretary of the Treasury or his delegate with respect to the enforcement of the Internal Revenue Code, to the Internal Revenue Administration.
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 permit an individual income tax credit for qualified energy conservation expenditures with respect to a home which is owned by the taxpayer and is used by an individual other than the taxpayer as his principal residence.
United States · United States Congress · 15 January 1979
Excludes civilian personnel engaged in industrially funded activities from the computation of the authorized end strength for civilian personnel within the Department of Defense.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to deny an income tax deduction to employers for wages paid to aliens whom the employer knows to be in the United States in violation of the immigration laws.
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, during the period beginning with the enactment of this Act and ending on December 31, 1980.
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 as an individual income tax deduction a reasonable allowance for salaries or other compensation paid to any individual during the taxable year for personal services actually rendered but not otherwise deductible. Denies such a deduction for salaries or other compensation paid to: (1) an individual with respect to whom the taxpayer claims a personal exemption; or (2) a child of the taxpayer who has not reached age 19.
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
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, during the period beginning with the enactment of this Act and ending on December 31, 1980.
United States · United States Congress · 15 January 1979
Prohibits the enactment of any increase in Federal taxes during the four-year period following the enactment of this Act.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to allow individuals to designate $1 of their income tax liability to be used for reducing the public debt of the United States.
United States · United States Congress · 15 January 1979
Taxpayers' Bill of Rights Act - Requires the Secretary of the Treasury to prepare, for distribution to taxpayers, brief but comprehensive pamphlets which set forth in nontechnical terms: (1) the rights and obligations of taxpayers during an audit; (2) the procedures which the Internal Revenue Service may use in enforcing revenue laws; and (3) the procedures by which a taxpayer may appeal adverse decisions, prosecute refund claims, and file taxpayer complaints. Requires a copy of such pamphlet to accompany the first communication from the Service to any taxpayer regarding tax liability. Establishes within the Internal Revenue Service an Office of Taxpayer Services, directed by an Assistant Commissioner of Internal Revenue, whose primary responsibilities shall include: (1) assisting taxpayers with information about tax returns, audits corrections, appeals procedures, and payment or document location; and (2) receiving and evaluating complaints of improper, abusive, or inefficient service by Internal Revenue Service personnel. Authorizes the Assistant Commissioner for Taxpayer Services to issue a Taxpayer Assistance Order prohibiting the Secretary, for up to 60 days after such issuance, from taking any assessment, collection, or other action adverse to a taxpayer if the Assistant Commissioner determines that such taxpayer is suffering from an unusual, unnecessary, or irreparable loss as a result of such action. Prescribes criminal penalties for: (1) any investigation by employees of the United States in connection with Federal tax laws which inquires into the beliefs, associations, or activities of any individual which are not directly related to such tax laws; or (2) the maintenance of any records containing information derived from such an investigation. Creates a civil cause of action for any taxpayer aggrieved by a prohibited investigation, or by the deprivation of any civil rights. Permits the award of a judgment of costs, including reasonable attorney's fees, to a prevailing taxpayer in any proceeding before the Tax Court. Requires the Internal Revenue Service, upon a taxpayer's request, to conduct any interview regarding a deficiency assessment in the taxpayer's residence or place of business, at a reasonable time convenient to the taxpayer. Requires the officer or employee conducting such interview to warn the taxpayer that: (1) he has a right to remain silent; (2) any statement he makes may be used against him; and (3) he has the right to the presence of an attorney. Exempts certain income producing property from levy for nonpayment of taxes. Directs the Comptroller General of the United States to establish, and to report annually to Congress on, a program to provide for a continuing audit and investigation of the efficiency, uniformity, and equity of the administration of the internal revenue laws of the United States.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to allow individual taxpayers a limited income tax credit for their college or vocational education expenses. Reduces the amount of such credit by one percent of the amount by which the adjusted gross income of the taxpayer for the taxable year exceeds $22,500. Permits a credit for tuition and fees for education above the twelfth grade level, and for books, supplies, and equipment required for coursework. Excludes expenses for meals, lodging, and similar living expenses.
United States · United States Congress · 15 January 1979
Amends the Internal Revenue Code to allow individual taxpayers an income tax credit for the college or vocational school educational expenses paid by the taxpayer for his education or that of his spouse or dependents. Limits such credit to $1,000 per individual for the taxable year. Includes tuition and fees required for enrollment at an educational institution and books, supplies, and equipment within the definition of "educational expenses." Excludes expenses for meals, lodging, or similar personal expenses.