Skip to content
PoliticalRepoPoliticalRepo

Subjects · United States

Taxation

Records whose title is actually about this topic. Use a country filter if the list is still too broad.

1,451 records in US in 1981

All countriesUnited States · 53,051France · 9,173European Union · 5,204Ireland · 4,382Austria · 4,192United Kingdom · 3,280Germany · 1,807Netherlands · 865Belgium · 1Search this topic

Records

Bill· HRH.R. 656 (97th)referred

A bill to amend chapter 1 of title 26, United States Code, to allow a deduction to tenants of houses or apartments for their proportionate share of the taxes and interest paid by their landlords.

United States · United States Congress · 5 January 1981

Amends the Internal Revenue Code to allow individuals who rent their principal residences an income tax deduction for their proportionate share of real property taxes paid by their landlords and for interest costs incurred by their landlords for the acquisition, construction, alteration, rehabilitation, or maintenance of rental property.

Bill· HRH.R. 611 (97th)referred

American Innovation Tax Incentive Act of 1981

United States · United States Congress · 5 January 1981

American Innovation Tax Incentive Act of 1981 - Amends the Internal Revenue Code to reduce the rate of tax on the net capital gains of individuals and corporations which realize gain from the sale of qualified securities issued by small business corporations. Sets forth requirements for the qualification of small business corporation securities with respect to the size of the issuing corporation and employee ownership.

Bill· HRH.R. 621 (97th)referred

Irrigation Water Conservation Tax Act of 1981

United States · United States Congress · 5 January 1981

Irrigation Water Conservation Tax Act of 1981 - Amends the Internal Revenue Code to provide an additional ten percent investment tax credit for equipment which conserves farm irrigation water and an election to depreciate such equipment based on a useful life of three years.

Bill· HRH.R. 613 (97th)referred

Small Business Paperwork Reduction and Penalty Equalization Amendments Act

United States · United States Congress · 5 January 1981

Small Business Paperwork Reduction and Penalty Equalization Amendments Act - Amends the Internal Revenue Code to relieve an employer of his obligation to furnish his employees, whose employment is terminated before the close of the calendar year, with a written statement of their wages and withholding, unless such employees request, in writing, a statement within 30 days from the date of their termination. Requires the employer to furnish such information within 30 days of receipt of an employee's request. Reduces the penalty imposed upon an employer for failure to provide such information. Reduces penalties imposed upon a tax-exempt organization, a trust, or the manager of a tax-exempt organization for failure to file required tax returns. Reduces penalties imposed upon a private foundation for its failure to file required annual reports. Relieves income tax preparers from liability for an underpayment of estimated tax by an individual or corporation. Defines "negligent or intentional disregard of rules and regulations" and "willful neglect" for purposes of determining the liability of an income tax preparer for an understatement of taxpayer liability.

Bill· HRH.R. 605 (97th)referred

A bill to amend the Internal Revenue Code of 1954 to provide that the investment tax credit for energy property shall apply to certain property which is at least 10 percent more efficient than the property replaced.

United States · United States Congress · 5 January 1981

Amends the Internal Revenue Code to qualify energy property which is at least ten percent more energy efficient than property which it replaces for the investment tax credit. Qualifies certain small boilers fueled by oil or gas for the investment tax credit.

Bill· HRH.R. 484 (97th)open

A bill to amend the Internal Revenue Code of 1954 to clarify the tax exemption for interest on obligations of volunteer fire departments.

United States · United States Congress · 5 January 1981

Amends the Internal Revenue Code to provide that bonds issued by a volunteer fire department to finance the acquisition, construction, reconstruction, or improvement of firefighting property shall be treated as obligations of a local government and the interest on such bonds shall be excluded from gross income. Provides that a volunteer fire department qualifies for such tax treatment of its bonds if it: (1) is organized and operated to provide firefighting services in an area which does not have any other firefighting services; (2) is required by a local government to furnish firefighting services; (3) receives over half of its funding from local government; and (4) makes no charge for its services.

Bill· HRH.R. 476 (97th)referred

A bill to amend the Internal Revenue Code of 1954 to provide that the standard mileage rate for use of a passenger automobile which may be used in computing the charitable contribution deduction shall be the same as the standard mileage rate which may be used in computing the business expense deduction.

United States · United States Congress · 5 January 1981

Amends the Internal Revenue Code to provide that the standard mileage rate used in computing the charitable deduction for expenses incurred in the operation of a motor vehicle shall be the same as the standard mileage rate established by the Secretary of the Treasury for the business related deduction.

Bill· HRH.R. 488 (97th)open

A bill relating to tax treatment of qualified dividend reinvestment plans.

United States · United States Congress · 5 January 1981

Amends the Internal Revenue Code to exclude from gross income a corporate stock distribution to a stockholder based upon the reinvestment of stock dividends in the corporation by such stockholder pursuant to his election to participate in a qualified dividend reinvestment plan, as defined in this Act. Limits the amount of such exclusion to $1,500 per year. Establishes a rebuttable presumption that a distribution made by a corporation which purchases its common stock within one year of such distribution shall not be deemed a distribution pursuant to a qualified dividend reinvestment plan.

Bill· HRH.R. 480 (97th)open

Capital Cost Recovery Act of 1981

United States · United States Congress · 5 January 1981

Capital Cost Recovery Act of 1981 - Amends the Internal Revenue Code to revise the method for determining useful lives of business assets for purposes of computing allowable depreciation deductions. Replaces the asset depreciation range (ADR) method with a schedule of capital cost recovery periods for three classes of business property. Establishes capital cost recovery periods for the following classes of business property: (1) buildings and their structural components, ten years; (2) tangible property, five years; and (3) automobiles, taxis, and light-duty trucks (up to $100,000), three years. Permits calculation of the investment tax credit for such property without regard to the useful life of the property. Requires the recapture of depreciation amounts and investment tax credit amounts applicable to assets which are sold or otherwise disposed of prior to the expiration of the capital cost recovery period. Permits a taxpayer to deduct less than the full allowance for capital cost recovery in any taxable year. Permits a carryover to succeeding taxable years of any unused depreciation amounts. Disqualifies capital cost recovery property from the allowance for first year depreciation. Treats amounts claimed as the capital cost recovery of noncorporate lessors as an item of tax preference for purposes of the minimum tax. Adopts as an accounting practice the "half year convention" under which investments, eligible for capital cost recovery treatment or the investment tax credit, which are made at any time during the taxable year are deemed to be made in the middle of such year.

Bill· HRH.R. 469 (97th)open

A bill to amend the Internal Revenue Code of 1954 to exclude from the gross income of individuals who have attained the age of 62 $3,000 of interest received during any taxable year.

United States · United States Congress · 5 January 1981

Amends the Internal Revenue Code to allow an individual age 62 or over an exclusion from gross income of up to $3,000 ($6,000 for joint returns) of interest income. Reduces the amount of the exclusion by one-half of the amount by which the individual's adjusted gross income exceeds $5,500 ($11,000 for joint returns).

Bill· HRH.R. 423 (97th)open

Small Business Earnings Retention Act of 1981

United States · United States Congress · 5 January 1981

Small Business Earnings Retention Act of 1981 - Amends the Internal Revenue Code to: (1) permit businesses to accumulate up to $500,000 of earnings without incurring liability for the tax on accumulated earnings; (2) increase from $100,000 to $500,000 the dollar amount of used investment property eligible for the investment tax credit; and (3) permit businesses with gross receipts of less than $1,000,000 for the last two preceding taxable years to elect to use the cash method of accounting in reporting inventories.

Bill· HRH.R. 356 (97th)open

A bill to amend the Internal Revenue Code of 1954 with respect to the treatment for purposes of sections 219 and 220 of such Code of certain individuals who separate from service with an employer during the taxable year.

United States · United States Congress · 5 January 1981

Amends the Internal Revenue Code to provide that an employee-participant in a tax-qualified plan of deferred compensation shall not lose eligibility for the income tax deduction for contributions to an individual retirement account if such employee separates from service with an employer during the taxable year and there is no increase in such employee's vested accrued benefit derived from employer contributions under such plan.

Bill· HRH.R. 318 (97th)open

Child Care Agency Tax Amendments of 1981

United States · United States Congress · 5 January 1981

Child Care Agency Tax Amendments of 1981 - Amends the Internal Revenue Code to exempt from the windfall profit tax oil produced from interests held by or for a residential child care agency. Defines such an agency as a tax-exempt charitable organization operated primarily for the residential placement, care, or treatment of delinquent, dependent, neglected, or handicapped children.

Bill· HRH.R. 479 (97th)referred

Social Security Refinancing Amendments of 1981

United States · United States Congress · 5 January 1981

Social Security Refinancing Amendments of 1981 - Title I: Financing of Old Age, Survivors and Disability Insurance Program - Amends the Internal Revenue Code to reduce the tax rates applicable to employers, employees, and self-employed individuals for old age, survivors and disability insurance. Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to reduce the level of appropriations from general Federal revenues to the Federal Disability Insurance Trust Fund. Title II: Financing of Medicare Program - Eliminates taxation of employers, employees, and self-employed individuals for purposes of hospital insurance beginning in the 1980 calendar year. Amends title XVIII (Medicare) of the Social Security Act to provide financing for the Medicare program with appropriations from general revenues earmarked by the Secretary of the Treasury in consultation with the Secretary of Health and Human Services. Bases such appropriations on the expected needs of the Federal Hospital Insurance Trust Fund in each fiscal year allocated among individual tax receipts according to a specified formula. Requires an equal amount to be allocated from corporate tax returns. Directs each Advisory Council on Social Security after 1979 to submit a separate report on the Medicare program and its financing. Title III: Miscellaneous Provisions - Directs the Secretary of the Treasury to print on each individual tax form notice of the amount of the individual's Federal income tax which will be allocated to the Medicare program.

Bill· HRH.R. 373 (97th)referred

A bill to establish a task force to study and evaluate the taxation of real property by State and local governments, the effects of such taxation on certain taxpayers, and the feasibility to Federal taxation and other policies designed to reduce the dependence of State and local governments on such taxation.

United States · United States Congress · 5 January 1981

Establishes a Task Force on the Taxation of Real Property by State and Local Governments to study and evaluate such taxation, its effects on middle and fixed income taxpayers, and the feasibility of using Federal taxation and other policies to reduce the dependence of State and local governments on such taxation. Sets forth the membership requirements and the powers of the Task Force. Requires the Task Force to submit a final report to the President within one year. Terminates the Task Force 90 days after submission of such report.

Bill· HRH.R. 532 (97th)referred

Freedom of Access for the Elderly and Handicapped Act of 1981

United States · United States Congress · 5 January 1981

Freedom of Access for the Elderly and Handicapped Act of 1981 - Amends the Internal Revenue Code to permit a taxpayer to elect to treat expenditures for removing architectural and transportational barriers to the handicapped and elderly in any facility owned or leased by the taxpayer as current expenses and thus deductible in the current taxable year.

Bill· HRH.R. 487 (97th)referred

Higher Education Tuition Tax Credit Act of 1981

United States · United States Congress · 5 January 1981

Higher Education Tuition Tax Credit Act of 1981 - Amends the Internal Revenue Code to allow a taxpayer an income tax credit for 25 percent of the expenses paid for the college or post-secondary vocational education of the taxpayer or the taxpayer's spouse or dependents. Sets forth maximum dollar amounts allowable as a credit for calendar years 1981 and 1982, after which the credit expires. Excludes graduate students from eligibility for the credit. Requires the individual for whom the tuition tax credit is allowed by this Act to be a full-time student during any four months of the calendar year or a part-time student during any eight months of the calendar year. Excludes from the definition of "expenses of higher education" any amounts paid for books, supplies, and equipment for courses of instruction or meals, lodging, transportation, and other living 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. Requires that any amount received by the taxpayer as a tuition tax credit be disregarded for purposes of determining the eligibility of the taxpayer for Federal, State, or local educational assistance.

Bill· HRH.R. 483 (97th)referred

A bill to amend the Internal Revenue Code of 1954 to provide a credit against income tax for one-third of the amount of certain local wage taxes paid by individuals who are not residents of the local governmental area.

United States · United States Congress · 5 January 1981

Amends the Internal Revenue Code to allow a credit against income tax for one-third of the amount of local earned income taxes paid by individuals who are not residents of the local governmental area.

Bill· HRH.R. 467 (97th)referred

A bill to amend the Internal Revenue Code of 1954 to provide an additional income tax exemption where a taxpayer, his spouse, or any dependent of the taxpayer is handicapped.

United States · United States Congress · 5 January 1981

Amends the Internal Revenue Code to provide an additional $1,000 personal tax exemption for a taxpayer, his spouse, or a dependent who is handicapped. Defines "handicapped" as a physical or mental impairment of a permanent nature which constitutes a substantial handicap to employment or education.

Bill· HRH.R. 485 (97th)referred

A bill to amend the Internal Revenue Code of 1954 to allow a refundable tax credit for amounts paid for increases in electricity under automatic fuel adjustment clauses as a result of the shutdown of the nuclear generating facilities.

United States · United States Congress · 5 January 1981

Amends the Internal Revenue Code to allow a refundable income tax credit for electric utility fuel surcharges incurred by a taxpayer in connection with a trade or business or for electricity used in such taxpayer's principal residence resulting from a shutdown of nuclear power generating facilities.

Bill· HRH.R. 490 (97th)referred

A bill to amend the Internal Revenue Code of 1954 to treat permanently and totally disabled individuals in the same way as individuals who have attained the age of 55 for purposes of the one-time exclusion of gain from the sale of a principal residence.

United States · United States Congress · 5 January 1981

Amends the Internal Revenue Code to extend to permanently and totally disabled persons the one-time exclusion from gross income of gain from the sale of a principal residence which is currently limited to persons who have attained age 55. Defines "permanently and totally disabled," and requires individuals to furnish proof of such disability in order to qualify for such exclusion.

Bill· HRH.R. 486 (97th)referred

Elementary and Secondary Education Tuition Tax Credit Act of 1981

United States · United States Congress · 5 January 1981

Elementary and Secondary Education Tuition Tax Credit Act of 1981 - Amends the Internal Revenue Code to allow a taxpayer an income tax credit for 25 percent of the expenses paid for the elementary or secondary education of a dependent. Sets forth maximum dollar amounts allowable as a credit for calendar years 1981 and 1982, after which the credit expires. Requires the individual for whom the tuition tax credit is allowed by this Act to be a full-time student during any four months of the calendar year or a part-time student during any eight months of the calendar year. Excludes from the definition of "expenses of elementary and secondary education" any amounts paid for books, supplies, meals, lodging, transportation, similar personal expenses, and for education below the first-grade level or attendance at a kindergarten or nursery. 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. Requires that any amount received by the taxpayer as a tuition tax credit be disregarded for purposes of determining the eligibility of the taxpayer for Federal, State, or local educational assistance.

Bill· HRH.R. 477 (97th)referred

A bill to amend the Internal Revenue Code of 1954 to restore the deduction for State and local taxes on gasoline and other motor fuels and to allow the deduction for such taxes without regard to whether the taxpayer itemizes other deductions.

United States · United States Congress · 5 January 1981

Amends the Internal Revenue Code to allow an income tax deduction for State and local taxes on gasoline and other motor fuels and to make such deduction available to taxpayers who do not itemize deductions.

Bill· HRH.R. 472 (97th)referred

A bill to amend the Internal Revenue Code of 1954 to allow a deduction to taxpayers who contribute the right to use certain real property to charitable organizations for outpatient geriatric clinics or for multipurpose senior centers.

United States · United States Congress · 5 January 1981

Amends the Internal Revenue Code to allow an income tax deduction to a taxpayer who contributes the right to use his or her real property to a tax-exempt organization for use as a multi-purpose senior citizen center or outpatient geriatric clinic. Limits such deduction to 50 percent of the lesser of: (1) the fair market rental value of such property; or (2) the amount of State or local property taxes which are paid or incurred by the taxpayer and which are allocable to such property.

Bill· HRH.R. 482 (97th)referred

A bill to amend the Internal Revenue Code of 1954 to provide individuals a credit against income tax for amounts paid or incurred by the taxpayer for alterations to his principal residence in order to make such residence more suitable for handicapped family members.

United States · United States Congress · 5 January 1981

Amends the Internal Revenue Code to allow individuals a nonrefundable income tax credit for 50 percent of the expenses paid or incurred to make alterations to their residences for the purpose of making such residences more accessible to, and usable by, a handicapped individual who is either the taxpayer, his spouse, or a dependent of the taxpayer. Limits the amount of such credit, for each such handicapped individual, to the lesser of $1,000 or an amount which, when added to previous year's credits, does not exceed $5,000. Reduces the amount of such credit by one-half of the amount by which the adjusted gross income of the taxpayer exceeds $20,000 ($35,000 in the case of married individuals filing jointly). Defines "handicapped individual" as any individual who has a medically identifiable mental or physical impairment which can be expected to result in death or which can be expected to last for a continuous period of at least 12 months, and which severely limits one or more of the major life activities of such individual. Requires the handicapped individual to live in the principal residence for which the alterations are made for not less than a nine month period during the taxable year.

Bill· HRH.R. 455 (97th)referred

A bill to amend the Internal Revenue Code of 1954 to suspend the imposition of interest and to prohibit the imposition of a penalty for failure to pay tax on underpayments of tax resulting from erroneous advice given in writing by the Internal Revenue Service.

United States · United States Congress · 5 January 1981

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.

Bill· HRH.R. 468 (97th)referred

A bill to amend the Internal Revenue Code of 1954 to permit an exemption of the first $10,000 of retirement income received by a taxpayer under a public retirement system or any other system if the taxpayer is at least 65 years of age.

United States · United States Congress · 5 January 1981

Amends the Internal Revenue Code to allow pensioners under a public retirement system and other retirees aged 65 or over a $10,000 exclusion from gross income for any amount received as an annuity, pension, or other retirement benefit.

Bill· HRH.R. 464 (97th)referred

Taxpayers Bill of Rights Act

United States · United States Congress · 5 January 1981

Taxpayers' Bill of Rights Act - Requires the Secretary of the Treasury to prepare 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 (IRS) 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 IRS to any taxpayer regarding tax liability. Establishes within the IRS 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, audit corrections, appeals procedures, and payment or document location; and (2) receiving and evaluating complaints of improper, abusive, or inefficient service by IRS 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. Amends the Internal Revenue Code to prescribe 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 IRS, 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.

Bill· HRH.R. 474 (97th)referred

A bill to extend to all unmarried individuals the full tax benefits of income splitting now enjoyed by married individuals filing joint returns; and to remove rate inequities for married persons where both are employed.

United States · United States Congress · 5 January 1981

Amends the Internal Revenue Code to provide identical income tax rates for single persons and married couples filing joint returns. Limits the earned income that must be reported by a married person filing a separate return to the amount actually earned by that individual.

Bill· HRH.R. 461 (97th)referred

A bill to amend the Internal Revenue Code of 1954 to suspend the imposition of interest and to prohibit the imposition of a penalty for failure to pay tax on underpayments of tax resulting from erroneous advice given in writing by the Internal Revenue Service.

United States · United States Congress · 5 January 1981

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.

Bill· HRH.R. 466 (97th)referred

A bill to amend the Internal Revenue Code of 1954 to provide a tax credit of $250 to an individual for expenditures for health insurance premiums.

United States · United States Congress · 5 January 1981

Amends the Internal Revenue Code to allow a nonrefundable income tax credit equal to one-half the amount of health insurance premiums paid by the taxpayer during the taxable year for the taxpayer's medical care or for the medical care of a spouse or dependent. Limits the dollar amount of such credit to $250 for the taxable year. Eliminates the special income tax deduction for health insurance premiums (one-half of premiums paid not in excess of $150), but allows the deduction of such premiums along with other medical and dental expenses to the extent that they exceed three percent of the taxpayer's adjusted gross income. Reduces the amount of medical expenses allowable as a deduction by the amount allowable to the taxpayer as a credit for health insurance premium payments. Requires the Secretary of the Treasury or a delegate to conduct a study of the health insurance premium credit every third year after the enactment of this Act and to report the findings to Congress.

PreviousPage 29 of 30Next