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1,351 records in US in 2009
United States · United States Congress · 16 January 2009
Veterans Jobs Opportunity Act of 2009 - Amends the Internal Revenue Code to allow a work opportunity tax credit for the hiring in 2009 or 2010 of unemployed veterans discharged from active duty during 2008, 2009, or 2010.
United States · United States Congress · 16 January 2009
Municipal Bond Market Support Act of 2009 - Amends Internal Revenue Code provisions relating to the small issuer exemption from interest expense allocation rules for financial institutions to: (1) increase from $10 to $30 million the annual limit on small issuers of tax-exempt municipal bonds; (2) allow an inflation adjustment to such increased limit amount after 2009; (3) repeal aggregation rules relating to the determination of small issuer eligibility; (4) allow small issuers an election to treat borrowers separately for purposes of issuance limitations; and (5) allow in 2009 or 2010 financial institutions and brokers to hold up to 2% of their assets in tax-exempt securities without affecting their interest expense tax deduction.
United States · United States Congress · 16 January 2009
Incentive to Serve Tax Act - Amends the Internal Revenue Code to allow employers a business tax credit for 25% of wages paid to employees while such employees are performing certain services (e.g., services advancing the improvement of education, health care access, energy conservation, economic opportunities for economically disadvantaged individuals, and disaster preparedness and response) for charitable organizations and community agencies. Limits the amount of wages eligible for such credit to $100,000 per employee.
United States · United States Congress · 16 January 2009
Pregnant Women Support Act - Authorizes the Secretary of Health and Human Services to make grants to increase public awareness of resources available to pregnant women to carry their pregnancy to term and new parents. Amends the Public Health Service Act to allow the Secretary to make grants for the purchase of ultrasound equipment for examinations of pregnant women. Prohibits a health insurance issuer offering individual coverage from imposing a preexisting condition exclusion or a waiting period or otherwise discriminating against a woman on the basis that she is pregnant. Provides for continuation coverage for newborns. Amends title XXI (State Children's Health Insurance Program) (SCHIP) of the Social Security Act to allow states to extend health care coverage to an unborn child. Requires health facilities that perform abortions to obtain informed consent from a pregnant woman seeking an abortion. Provides for the collection and dissemination of information on Down syndrome and other prenatally diagnosed conditions. Directs the Secretary to provide for: (1) higher education pregnant and parenting student services offices; and (2) programs to work with pregnant or parenting teens to complete high school. Authorizes grants for services to pregnant women who are victims of domestic violence, dating violence, or stalking. Requires states to require a pregnancy determination for homicide victims. Requires the Secretary to provide for comprehensive and supportive services for pregnant women, mothers, and children. Amends the Internal Revenue Code to increase and make refundable the tax credit for adoption expenses. Authorizes appropriations to carry out the special supplemental nutrition program for women, infants, and children (WIC program). Amends the Food Stamp Act of 1977 to increase the eligibility threshold for food stamps. Authorizes appropriations to carry out the Child Care and Development Block Grant Act of 1990. Authorizes grants to provide to eligible mothers education on the health needs of their infants through visits to their homes by registered nurses. Authorizes grants for collecting and reporting abortion surveillance data.
United States · United States Congress · 16 January 2009
American Recovery and Reinvestment Tax Act of 2009 - Amends the Internal Revenue Code to: (1) allow through 2010 a refundable tax credit for the lesser of 6.2% of earned income or $500 ($1,000 for married couples filing jointly); (2) allow through 2010 increases in the earned income tax credit, the refundable portion of the child tax credit, and the Hope Scholarship tax credit; (3) allow a waiver of the the first-time home buyer tax credit repayment requirement for residences purchased after December 31, 2008, and before July 1, 2009; (4) extend through 2009 bonus depreciation and the increased expensing allowance for depreciable business assets; (5) extend from two to five years the carryback period for net operating losses; and (6) allow a work opportunity tax credit for certain unemployed veterans and disconnected youth hired in 2009 or 2010. Limits the applicability of Treasury Notice 2008-83 (suspending restrictions on the offset of net operating losses and unrealized built-in losses against the taxable income of certain corporate entities that acquire or merge with other entities) to periods prior to January 16, 2009. Suspends in 2009 or 2010 certain limitations on the tax deduction allowed to financial institutions for interest expense related to investments in tax-exempt bonds. Exempts interest earned on tax-exempt private activity bonds from the alternative minimum tax. Allows a new tax credit for investment in bonds for the construction, rehabilitation, or repair of public school facilities or for the acquisition of land for building a public school facility. Increases in 2009 and 2010 the issuance limitation for qualified zone academy bonds. Allows state or local governments to elect to receive direct federal payments equal to tax credit amounts for investment in tax-exempt bonds issued in 2009 and 2010. Allows a new tax credit for investment in recovery zone economic development and recovery zone facility bonds issued in 2009 and 2010. Repeals the 3% withholding requirement on payments by federal, state, or local governmental entities to individuals who provide property or services to such entities. Extends the tax credit for the production of electricity from wind facilities (through 2012) and from other renewable facilities (through 2013). Allows an election to claim an investment tax credit for renewable facilities placed in service in 2009 or 2010. Repeals limitations on the investment tax credit for energy property financed by subsidized energy financing or industrial development bonds. Increases the limitation amount on the issuance of new clean renewable energy bonds and qualified energy conservation bonds. Modifies and extends through 2010 the tax credit for improvements to energy-efficient residences. Increases through 2010 the tax credit for alternative fuel vehicle refueling property expenditures. Increases through 2010 the tax credit for qualified energy research expenses. Requires the application of certain federal labor standards to projects financed with clean renewable energy and conservation bonds, zone academy bonds, school construction bonds, and recovery zone economic development bonds. Directs the Secretary of the Treasury to make grants in 2009 to states for low-income housing projects in lieu of low-income housing credit allocations. Directs the Secretary of Energy to make grants in 2009 or 2010 in lieu of tax credits to investors in specified energy property (e.g., renewable energy property, fuel cell property, solar property, wind energy property, geothermal property, microturbine property, combined health and power system property, and geothermal heatpump property). Assistance for Unemployed Workers and Struggling Families Act - Amends the Supplemental Appropriations Act, 2008 to extend the Emergency Unemployment Compensation (EUC) program. Provides for federal-state agreements for increased regular unemployment compensation payments to individuals. Requires federal payments to states to cover 100% of such additional payments. Amends the Social Security Act (SSA) to direct the Secretary of Labor to make special transfers to state accounts in the Unemployment Trust Fund for unemployment compensation modernization incentive payments and for administration. Amends part A (Temporary Assistance for Needy Families) (TANF) of title IV of the SSA to establish in the Treasury the Emergency Contingency Fund for State Temporary Assistance for Needy Families Program. Directs the Secretary of Health and Human Services (HHS) to make grants from the Fund to requesting states for purposes related to: (1) caseload increases; (2) increased expenditures for non-recurrent short-term benefits; and (3) increased expenditures for subsidized employment. Limits the total amount payable to a single state for a fiscal year to 25% of the state family assistance grant. Revises the formula for determining the caseload reduction credit for FY2008 and FY2009 under requirements for the pro rata reduction of the TANF mandatory work participation rate due to caseload reductions not required by federal law and not resulting from changes in state eligibility criteria. Directs the Commissioner of Social Security to make a one-time emergency payment in calendar 2009 to eligible individuals under SSA title XVI (Supplemental Security Income) (SSI). Suspends for FY2008-FY2010 the prohibition against payments to states with respect to their plans for child and spousal support collection under SSA title IV part D (Child Support and Establishment of Paternity) on account of amounts expended by a state from support collection performance incentive payments received from the Secretary of HHS (thus allowing such additional payments during such period). Health Insurance Assistance for the Unemployed Act of 2009 - Provides for payment of a portion of an individual's premiums for any COBRA coverage (health insurance continuation benefits). Amends the Employee Retirement Income Security Act (ERISA), the Internal Revenue Code, and the Public Health Service Act to allow COBRA coverage to continue past required termination dates for an employee who has attained age 55 or has completed ten or more years of service. Amends title XIX (Medicaid) of the SSA to allow states to provide coverage to individuals who are receiving unemployment compensation benefits or who have exhausted such benefits. Health Information Technology for Economic and Clinical Health Act or the HITECH Act - Amends the Public Health Service Act to establish the Office of the National Coordinator for Health Information Technology. Sets forth provisions governing the development and adoption of a nationwide health information technology infrastructure that allows for the electronic use and exchange of information. Amends SSA title XVIII (Medicare) to establish incentive payments for certain eligible physicians and hospitals that adopt and use certified electronic health record technology meaningfully, beginning in FY2011. Amends SSA title XIX to establish incentive payments to encourage the adoption and use by Medicaid providers of qualified electronic health records. Requires determination of the maximum amount of such payments using a specified formula involving computation of an overall hospital health information technology amount. Sets forth provisions governing the privacy and security of health information, including requiring notifications for any breach of protected health information. Prohibits the Secretary of HHS from phasing out or eliminating the budget neutrality adjustment factor in the Medicare hospice wage index before October 1, 2009. Requires the Secretary to recompute and apply the final Medicare hospice wage index for FY2009 as if there had been no reduction in the budget neutrality adjustment factor. Provides for non-application of the phased-out indirect medical education adjustment factor for FY2009. Amends the Medicare, Medicaid, and SCHIP Extension Act of 2007 with respect to long-term care hospitals.
United States · United States Congress · 16 January 2009
Championship Fairness Act of 2009 - Prohibits an institution of higher education from receiving federal funds for any fiscal year during which it has a football team participating in the National Collegiate Athletic Association (NCAA) Division I Football Bowl Subdivision, unless such Subdivision's national championship game is the final game of a single elimination post-season playoff system.
United States · United States Congress · 15 January 2009
Contracting and Tax Accountability Act of 2009 - Prohibits any person who has a seriously delinquent tax debt from obtaining a federal government contract or grant. Requires federal agency heads to require prospective contractors or grantees to: (1) certify that they do not have such a debt; and (2) authorize the Secretary of the Treasury to disclose information describing whether such contractors or grantees have such a debt. Defines "seriously delinquent tax debt" and an outstanding tax debt for which a notice of lien has been filed in public records.
United States · United States Congress · 15 January 2009
Fuel Reduction using Electrons to End Dependence on the Mid-East (FREEDOM) Act of 2009 - Amends the Internal Revenue Code to: (1) allow an election to expense the cost of manufacturing property for producing plug-in electric drive motor vehicles and components; (2) increase the number of such vehicles eligible for a tax credit; (3) allow a five-year recovery period for the depreciation of smart meters and smart grid systems; and (4) increase the rate of the tax credit for alternative fuel vehicle refueling property and the maximum credit amount for commercial refueling property.
United States · United States Congress · 15 January 2009
Amends the Internal Revenue Code to repeal the restrictions on the tax deduction for the travel expenses of a taxpayer's spouse, dependent, or other individual accompanying the taxpayer on business travel.
United States · United States Congress · 15 January 2009
Fix Housing First Homebuyer Tax Credit Act - Amends the Internal Revenue Code to revise the tax credit for first-time homebuyers by: (1) eliminating the first-time homebuyer requirement (thus making such credit available to all homebuyers); (2) eliminating the repayment requirement for such credit except for resales of a principal residence, or failure to occupy such residence, at any time within three years of purchase; (3) exempting from the repayment requirement members of the Armed Forces who are ordered to relocate; (4) extending the period for purchasing a residence until December 31, 2009; (5) allowing taxpayers who purchase a residence before 2010 to claim such credit on either their 2008 or 2009 tax returns; (6) increasing the maximum amount of such credit and the adjusted gross income thresholds for reductions in the credit amount; (7) allowing taxpayers to transfer their anticipated credit amount to another individual for specified purposes, including making a downpayment on a portion of a purchase price of a principal residence; and (8) extending eligibility for the credit to taxpayers who purchase residences financed with state and local tax-exempt bonds.
United States · United States Congress · 15 January 2009
Amends the Internal Revenue Code to include in foreign base company income, for purposes of determining the foreign trade income of controlled foreign corporations, imported property income. Defines "imported property income" as, with certain exceptions, income attributable to property manufactured outside of the United States and imported for sale into the United States. Provides for a separate application of limitations on the foreign tax credit for imported property income.
United States · United States Congress · 15 January 2009
Extends the authorized concurrent receipt of disability severance pay from the Department of Defense (DOD) and compensation for the same disability under any law administered by the Department of Veterans Affairs (VA) to include all veterans with a combat-related disability. (Under current law, such concurrent receipt is limited to those veterans who incur a disability in the line of duty in a combat zone or during the performance of duty in combat-related operations.) Makes such amendment effective as of January 28, 2008 (the date of enactment of the National Defense Authorization Act for Fiscal Year 2008).
United States · United States Congress · 15 January 2009
SCHIP Expansion for Kids in Need Act of 2009 - Amends title XXI (State Children's Health Insurance Program) (SCHIP) to require states to provide SCHIP priority to children in families with gross income below 200% of the federal poverty level. Declares that no state child health plan shall be considered approved for a fiscal year unless the state has developed and submitted to the Secretary of Health and Human Services a plan to assure that all qualified low-income children are covered by creditable health coverage, such a plan has been approved, and the state implements it beginning with FY2010. Declares that no payment to a state that increases its state child health plan income eligibility level above the one in effect as of the enactment of this Act shall be made for any amount expended for an individual whose family income exceeds the unincreased income eligibility level unless no more than 10% percent of qualified low-income children residing in the state are still not covered under creditable health coverage.
United States · United States Congress · 15 January 2009
Save Our Climate Act of 2009 - Amends the Internal Revenue Code to impose an excise tax on the carbon content of any taxable fuel sold by a manufacturer, producer, or importer. Sets the amount of such tax at $10 per ton of the carbon content in such fuel, with annual increases in the amount of such tax until the second year after the level of carbon dioxide emissions in the United States for the calendar year does not exceed 20% of the level for 1990. Defines "taxable fuel" as coal (including lignite and peat), petroleum and any petroleum product, and natural gas. Exempts from such tax the sale or in-kind exchange of fuel for deposit in the Strategic Petroleum Reserve and certain exports or resales of such fuel.
United States · United States Congress · 15 January 2009
Superfund Reinvestment Act of 2009 - Amends the Internal Revenue Code by reinstating until January 1, 2018, the Hazardous Substance Superfund financing rate and the corporate environmental income tax.
United States · United States Congress · 15 January 2009
Amends the Internal Revenue Code with respect to the charitable tax deduction for contributions of qualified vehicles (i.e., highway motor vehicles, boats, or airplanes) to: (1) set forth revised acknowledgment requirements for vehicles valued at $2,500 or less and vehicles valued at more than $2,500; and (2) revise the penalty for submitting a fraudulent acknowledgment.
United States · United States Congress · 15 January 2009
Amends the Internal Revenue Code to: (1) allow a five-year carryback of net operating losses for taxable years ending in 2008 or 2009; and (2) suspend the 90% alternative minimum tax limitation on carrybacks and carryovers of net operating losses in such years.
United States · United States Congress · 15 January 2009
Solar Manurfacturing Advancement Act of 2009 - Amends the Internal Revenue Code to: (1) allow through 2016 a 30% energy tax credit for investment in property used to manufacture certain solar energy property; and (2) make such credit refundable.
United States · United States Congress · 15 January 2009
Amends the Legislative Reorganization Act of 1946 to provide that pay for Members of Congress may not be increased by any adjustment scheduled to take effect in a calendar year if the Office of Management and Budget (OMB) determines that the federal aggregate outlays during the last completed fiscal year exceeded the federal aggregate receipts during such fiscal year.
United States · United States Congress · 15 January 2009
Charitable Driving Tax Relief Act of 2009 - Amends the Internal Revenue Code to provide that volunteers who use their automobiles for the benefit of a charitable organization may exclude from their gross income reimbursements for their automobile operating expenses at the same level as business employees (i.e., 55 cents per mile in 2009).
United States · United States Congress · 15 January 2009
Get America Moving Again Act of 2009 - Amends the Internal Revenue Code to allow a tax credit for the purchase of a new or used passenger vehicle before or during 2010. Requires that such vehicle have a purchase price not exceeding $50,000 and have a gross vehicle weight rating of not more than 8,500 pounds.
United States · United States Congress · 15 January 2009
Contracting and Tax Accountability Act of 2009 - Prohibits any person who has a seriously delinquent tax debt from obtaining a federal government contract or grant. Requires federal agency heads to require prospective recipients of a contract or grant in excess of an amount equal to the simplified acquisition threshold to: (1) certify that they do not have such a debt; and (2) authorize the Secretary of the Treasury to disclose information describing whether they have such a debt. Defines "seriously delinquent tax debt" and an outstanding tax debt for which a notice of lien has been filed in public records.
United States · United States Congress · 15 January 2009
Amends the Internal Revenue Code to repeal the restrictions on the tax deduction for the travel expenses of a taxpayer's spouse, dependent, or other individual accompanying the taxpayer on business travel.
United States · United States Congress · 15 January 2009
Expresses the sense of Congress that the portion of tax cuts enacted in or after 2001 that benefits the wealthiest 5% of Americans should be repealed and the revenues from such repeal should be used to alleviate poverty in the United States.
United States · United States Congress · 14 January 2009
Amends the Internal Revenue Code to qualify low-income building units that provide housing for a student who previously was a homeless child or youth for the low-income housing tax credit.
United States · United States Congress · 14 January 2009
Giving Incentives to Volunteers Everywhere Act of 2009 or the GIVE Act of 2009 - Amends the Internal Revenue Code to: (1) increase the standard mileage rate for use of a passenger automobile for charitable purposes to a rate not less than the rate used for the tax deduction for medical transportation expenses; and (2) exclude from the gross income of charitable volunteers reimbursements paid to them for the use of a passenger automobile for the benefit of a charitable organization.
United States · United States Congress · 14 January 2009
Amends the Internal Revenue Code to make permanent: (1) the special depreciation allowance for certain property acquired after December 31, 2007 (bonus depreciation); and (2) the increased $250,000 expensing allowance for depreciable business assets.
United States · United States Congress · 14 January 2009
Build America Bonds Act of 2009 - Amends the Internal Revenue Code to allow an income tax credit for any Build America bond issued by the Transportation Finance Corporation as part of an issue, if 100% of the available project proceeds from such issue are to be used for expenditures incurred for one or more qualified projects. Requires proceeds from the sale of bonds issued under this Act to be held in a Build America Bonds Trust Account. Defines "qualified project" as the capital improvements to any transportation infrastructure project (including roads, bridges, rail and transit systems, ports, and inland waterways) proposed by one or more states and approved by the Transportation Finance Corporation. Grants Congress' consent and recognition to the establishment by two or more state infrastructure banks of the Transportation Finance Corporation. Authorizes the Transportation Finance Corporation to: (1) issue Build America bonds for the financing of qualified projects; (2) establish and operate the Build America Bonds Trust Account; (3) leverage resources and stimulate public and private investment in transportation infrastructure; and (4) perform any other function the sole purpose of which is to carry out the financing of qualified projects through Build America bonds. Amends the Consolidated Omnibus Budget Reconciliation Act of 1985 to extend certain customs fees for the processing of merchandise entered into the United States through specified dates in 2046.
United States · United States Congress · 14 January 2009
Higher Education Opportunity Act of 2009 - Amends the Internal Revenue Code to replace the hope scholarship and lifetime learning tax credits with a higher education opportunity tax credit. Allows a higher education opportunity tax credit for the lesser of: (1) the sum of 100% of qualified tuition and related expenses (including a certain allowance for books) up to $2,000, 50% for such expenses between $2,000 and $4,000, and 25% of such expenses between $4,000 and $8,000; or (2) the excess (if any) of $16,000 over aggregate credits from prior taxable years. Reduces credit amounts for taxpayers with modified adjusted gross incomes over $70,000 ($140,000 in the case of a joint return). Limits such credit to three eligible students per taxpayer in any taxable year. Denies such tax credit to certain part time students and students convicted of a felony drug offense. Repeals the tax deduction for qualified tuition and related expenses.
United States · United States Congress · 14 January 2009
We the People Act - Prohibits the Supreme Court and each federal court from adjudicating any claim or relying on judicial decisions involving: (1) state or local laws, regulations, or policies concerning the free exercise or establishment of religion; (2) the right of privacy, including issues of sexual practices, orientation, or reproduction; or (3) the right to marry without regard to sex or sexual orientation where based upon equal protection of the laws. Allows the Supreme Court and the federal courts to determine the constitutionality of federal statutes, administrative rules, or procedures in considering cases arising under the Constitution. Prohibits the Supreme Court and the federal courts from issuing any ruling that appropriates or expends money, imposes taxes, or otherwise interferes with the legislative functions or administrative discretion of the states. Authorizes any party or intervener in matters before any federal court, including the Supreme Court, to challenge the jurisdiction of the court under this Act. Provides that the violation of this Act by any justice or judge is an impeachable offense and a material breach of good behavior subject to removal. Negates as binding precedent on the state courts any federal court decision that relates to an issue removed from federal jurisdiction by this Act.
United States · United States Congress · 14 January 2009
Responsible Government Empowerment Act of 2009 - Establishes the Federal Agency Sunset Commission to review and report to Congress on the efficiency and public need for each federal agency, recommending abolishment or reorganization. Provides for relocation of federal employees if their agency is abolished. Directs the Comptroller General and the Director of the Congressional Budget Office (CBO), in cooperation with the Director of the Congressional Research Service (CRS), to prepare an inventory of federal programs within each agency. Makes it out of order in both chambers to consider any measure making supplemental appropriations for two or more unrelated emergencies. Sets forth points of order against consideration of: (1) reported supplemental appropriations legislation and conference reports containing undesignated emergency spending; or (2) such legislation if the accompanying report or joint statement of managers, as applicable, is noncompliant with such requirement. Requires the report accompanying legislation that provides budget authority for any emergency to identify specified budget authority and outlay requirements, including certain justifications. Sets forth points of order against reporting legislation or considering conference reports making supplemental appropriations that contain earmarks. Requires the congressional budget committees to report legislation: (1) establishing discretionary spending limits for at least each of the three years beginning at least 90 calendar days after such bill is reported; and (2) providing that such limits shall be enforeceable through presidential sequestration orders. Sets forth points of order against consideration of legislation that authorizes a program, project, or activity without setting forth a specific dollar amount for such authorization. Requires every measure reported by a congressional committee that authorizes a program, project, or activity to include a General Accounting Office (GAO) statement describing the degree to which such authorization is duplicative of an existing authorization. Requires all legislation considered by Congress to include a CBO estimate of the costs which would be incurred in carrying out such legislation for a specified period. Requires a recorded vote in both chambers on final passage of any legislation that authorizes the appropriations of more than $75 million for up to five fiscal years.
United States · United States Congress · 14 January 2009
Flexible Health Savings Act of 2009 - Amends the Internal Revenue Code to allow up to $500 of unused health benefits in a plan or other arrangement that provides for a health flexible spending arrangement to be carried forward to the next plan year or be contributed to a health savings account or a qualified retirement plan, without affecting the status of such plan or arrangement as a tax-exempt employee benefit cafeteria plan.
United States · United States Congress · 14 January 2009
Working Small Business Regulatory Relief Act - Amends the Paperwork Reduction Act to direct agency heads not to impose civil fines for first-time paperwork violations by small business concerns unless the detection of criminal activity would be impaired, the violation is not corrected within six months, the violation is a violation of internal revenue law or a law concerning the assessment or collection of any tax, debt, revenue, or receipt, or the violation presents a danger to the public health or safety. Permits an agency to determine that a fine should not be imposed for a violation that presents a danger to public health or safety if the violation is corrected within 24 hours after receipt by the small business owner of notification of the violation. Makes this Act inapplicable to any violation by a small business of a requirement regarding the collection of information by an agency if the small business previously violated any requirement concerning the collection of information by that agency.
United States · United States Congress · 14 January 2009
Giving Incentives to Volunteers Everywhere Act of 2009 or the GIVE Act of 2009 - Amends the Internal Revenue Code to: (1) increase the standard mileage rate for use of a passenger automobile for charitable purposes to a rate not less than the rate used for the tax deduction for medical transportation expenses; and (2) exclude from the gross income of charitable volunteers reimbursements paid to them for the use of a passenger automobile for the benefit of a charitable organization.
United States · United States Congress · 14 January 2009
Sustainable Water Infrastructure Investment Act of 2009 - Amends the Internal Revenue Code to exempt from state volume caps private facility bonds for sewage and water supply facilities.
United States · United States Congress · 14 January 2009
Amends the Internal Revenue Code to eliminate the 15-year repayment requirement under the first-time homebuyer tax credit and to extend the termination date of such credit until December 31, 2009.
United States · United States Congress · 14 January 2009
Social Security Tax Relief Act of 2009 - Amends the Internal Revenue Code to allow a cost-of-living adjustment after 2009 to the base amounts used to determine the amount of social security benefits includible in gross income for income tax purposes.
United States · United States Congress · 14 January 2009
Elder Care Tax Credit Act of 2009 - Amends the Internal Revenue Code to allow the tax credit for dependent care expenses for parents (or ancestors of such parents) of the taxpayer who are physically or mentally incapable of self-care, regardless of whether such a parent has the same principal place of abode as the taxpayer for more than one-half of the taxable year.
United States · United States Congress · 14 January 2009
AMT Rate Reduction Act of 2009 - Amends the Internal Revenue Code to reduce to 24% the rate of the tentative alternative minimum tax for noncorporate taxpayers.
United States · United States Congress · 14 January 2009
Amends Internal Revenue Code provisions relating to the tax deduction for dividends received by a U.S. corporation from a controlled foreign corporation to: (1) extend the applicability of such provisions to taxable years beginning after FY2008; and (2) reduce such deduction for corporations that do not maintain certain employment levels.
United States · United States Congress · 14 January 2009
Opportunity for Family Farms and Small Businesses Act of 2009 - Makes permanent the provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) that repeal the estate and generation skipping transfer taxes and that make reductions in the gift tax. Amends the Internal Revenue Code to: (1) increase to $200,000 and make permanent the expensing allowance (i.e., a tax deduction in the current taxable year) for depreciable business assets; (2) increase the threshold for phaseout of such allowance to $800,000 (the cost basis of property placed in service); (3) allow an inflation adjustment to the expensing and threshold amounts after 2009; (4) make permanent the right of a taxpayer to revoke an election to expense business assets; (5) make permanent the inclusion of certain computer software as property eligible for expensing; and (6) allow self-employment health insurance costs as a deduction in determining net self-employment income.
United States · United States Congress · 14 January 2009
Amends the Internal Revenue Code to allow a tax credit for 50% of the cost of qualified advanced mine safety equipment property (in lieu of the existing taxpayer election to expense 50% of such property in the current taxable year). Defines such property to include: (1) an emergency communication technology or device for constant communication with individuals outside the mine; (2) an electronic identification and location device; (3) an emergency oxygen-generating device; (4) pre-positioned oxygen supplies; and (5) a comprehensive atmospheric monitoring system to monitor levels of carbon monoxide and other gases present in a mine. Revises the tax credit for mine rescue team training expenses to: (1) increase the amount of such credit; (2) allow such credit as an offset against the alternative minimum tax; and (3) make such credit permanent.
United States · United States Congress · 14 January 2009
Child Tax Credit Growth Act of 2009 - Amends the Internal Revenue Code to: (1) reduce from $10,000 to $5,000 the income threshold for calculating the refundable portion of the child tax credit; (2) repeal the annual inflation adjustment to such threshold amount; and (3) increase from 17 to 19 the age limit for dependent children eligible for such credit.
United States · United States Congress · 14 January 2009
Directs the Secretary of the Treasury to pay to each local government having jurisdiction under state law over an area having a population of 1 million or more an amount of the appropriations under this Act (proportional to the population of the area) to improve public safety, clean and maintain streets, and preserve services benefitting children and youth, as otherwise authorized by state and local law.
United States · United States Congress · 14 January 2009
Short Sea Shipping Act of 2009 - Amends the Internal Revenue Code to exempt from the harbor maintenance tax commercial cargo (other than bulk cargo) loaded at: (1) a port in the U.S. mainland and unloaded at another such port after transport solely by coastal route or river or unloaded at a port in Canada located in the Great Lakes Saint Lawrence Seaway System; or (2) such a port in Canada and unloaded at a port in the U.S. mainland. Defines the "Great Lakes Saint Lawrence Seaway System" as the waterway between Duluth, Minnesota, and Nova Scotia, encompassing the five Great Lakes, their connecting channels, and the Saint Lawrence River.
United States · United States Congress · 14 January 2009
DTV Converter Box Rebate Act of 2009 - Allows a $40 refundable tax credit for each digital-to-analog converter box purchased by an individual taxpayer, up to a maximum of $80. Reduces such credit by $40 for each digital-to-analog converter box coupon redeemed by a taxpayer. Directs the Assistant Secretary for Communications and Information of the Department of Commerce to educate consumers and retailers about the tax credit allowed by this Act as an alternative to requesting and redeeming a digital-to-analog converter box coupon.
United States · United States Congress · 14 January 2009
Solar Stimulus for Job Creation and Energy Independence Act of 2009 - Amends the Internal Revenue Code to: (1) provide for the refundability of the residential energy efficiency tax credit for solar electric and water heating property, and for business-related solar energy tax credits, through 2010; (2) allow an election to take an increased depreciation allowance for solar energy property until 2011; (3) exempt solar energy property from private activity bond usage and loan financing rules; and (4) allow a refundable energy tax credit for investment in property used to manufacture solar energy property. Amends the Energy Policy Act of 2005 to limit to 25 years the contract period for federal purchases of renewable energy.
United States · United States Congress · 14 January 2009
Middle Class College Tuition Tax Credit Expansion Act of 2009 - Amends the Internal Revenue Code to replace the Hope Scholarship and Lifetime Learning tax credits with a tax credit for 50% of qualified tuition and related expenses (including required books), up to $10,000, for attendance at an institution of higher education.
United States · United States Congress · 14 January 2009
Strengthen the Earned Income Tax Credit Act of 2009 - Amends the Internal Revenue Code to: (1) make permanent the reduction in the marriage penalty applicable to the earned income tax credit; (2) increase the rate of such credit for families with three or more children; and (3) increase the rate and the phase-out percentage of such credit for individuals without children.
United States · United States Congress · 14 January 2009
Capital Gains and Estate Tax Relief Act of 2009 - Makes permanent the reduction in capital gains tax rates (from 20 to 15%) enacted by the Jobs and Growth Tax Relief and Reconciliation Act of 2003. Amends the Internal Revenue Code to: (1) restore the unified credit against gift tax liability; (2) provide for annual increases in the estate tax exclusion amount between 2010 and 2015 and establish a permanent exclusion amount of $5 million for 2015 and thereafter; (3) provide for an inflation adjustment to the estate tax exclusion amount after 2015; (4) reduce estate tax rate brackets; and (5) allow a surviving spouse to use the unused unified estate tax credit of a deceased spouse.