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Taxation

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

151 records in US in 1974

Records

Bill· HRH.R. 17137 (93rd)referred

A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $1,000 of interest on savings in the case of an individual taxpayer.

United States · United States Congress · 8 October 1974

Excludes from gross income the first $1,000 of interest and dividends on savings deposits or withdrawal accounts in a domestic savings and loan association, bank, credit union, or similar thrift institution in the case of an individual taxpayer under the Internal Revenue Code of 1954.

Bill· HRH.R. 17143 (93rd)referred

A bill to amend the Internal Revenue Code of 1954 to encourage greater conservation of energy in home heating and cooling by providing an income tax deduction for expenditures made for more effective insulation and heating equipment in residential structures.

United States · United States Congress · 8 October 1974

Allows an income tax deduction, under the Internal Revenue Code, for expenditures made for more effective insulation and heating equipment in residential structures. Sets forth standards for qualified insulative materials and qualified heating materials under this Act.

Bill· SS. 4094 (93rd)referred

A bill to provide a tax credit or an exclusion from gross income for certain interest on savings received by individuals.

United States · United States Congress · 7 October 1974

Allows, under the Internal Revenue Code, a tax credit of one-third or up to $260 for interest on savings received from a financial institution; or allows a tax exclusion of up to $1000 for dividends or interest on savings deposits or withdrawable savings received by individuals whose tax rate is 49 percent or less.

Bill· HRH.R. 17102 (93rd)referred

A bill to place a limitation on expenditures and net lending for the fiscal year ending June 30,1975.

United States · United States Congress · 7 October 1974

Places a limitation of $299,000,000,000 on expenditures and net lending under the Budget of the United States for the fiscal year ending June 30, 1975. Provides that a pro rata reduction shall be applied to all appropriations other than for interest on the public debt, social security, and veteran benefits as necessary to effectuate the provisions of this Act.

Bill· HRH.R. 17123 (93rd)referred

A bill to amend the Internal Revenue Code of 1954 to increase the exemption for purposes of the Federal estate tax, to increase the estate tax marital deduction, and to provide an alternate method of valuing certain real property for estate tax purposes.

United States · United States Congress · 7 October 1974

Increases the exemption for the Federal estate tax from $60,000 to $200,000. Limits the aggregate deduction for value of property passed to a surviving spouse to $100,000, plus 50 percent of the value of the adjusted gross estate. Allows an estate executor to determine the value of any real property in an estate by its use for farmland, woodland, or scenic open space.

Bill· HRH.R. 17103 (93rd)referred

A bill to repeal the foreign tax credit allowed corporations.

United States · United States Congress · 7 October 1974

Repeals the allowance of a tax credit under the Internal Revenue Code to corporations for taxes paid to foreign countries or to possessions of the United States. Repeals the allowance of a tax credit to members of partnerships or beneficiaries of trusts or estates for taxes paid or accrued to foreign countries or possessions of the United States. Disallows the treatment of taxes paid by foreign corporations as a dividend received by a domestic corporation from the foreign corporation. Prohibits the use by a corporation of income, war profits, and excess profits taxes as deductions in determining taxable income. Removes the tax credit for taxes imposed by foreign countries or possessions of the United States on domestic insurance companies. Removes the tax credit presently available to corporate stockholders in foreign corporations for income, war profits, or excess profits taxes paid to any foreign country or possession of the United States. Disallows the tax credit presently granted to foreign corporations engaged in a trade or business within the United States for taxes paid to any foreign country or possession of the United States. Removes the tax credit presently granted to domestic corporations for taxes paid by foreign corporations of which at least 10 percent of the voting stock is owned by such domestic corporation.

Resolution· HCONRESH.Con.Res. 655 (93rd)referred

Concurrent resolution to provide an opportunity for an orderly and cohesive policy toward inflation and economic stability by declaring a reduction in all appropriations for fiscal year 1975.

United States · United States Congress · 3 October 1974

Provides that the total of all funds appropriated for expenditures in any form by the Federal Government in fiscal year 1975, except expenditures by the Department of Defense, shall be equal to the total of all funds appropriated for expenditures in fiscal year 1974, minus 10 percent. Directs the Department of Defense nonstrategic expenditures in fiscal year 1975 shall be equal to the total of all funds appropriated for nonstrategic expenditures in fiscal year 1974, minus 5 percent.

Bill· HRH.R. 16998 (93rd)referred

A bill to amend the Internal Revenue Code of 1954 to provide for the valuation of a decedent's interest in a closely held business for estate tax purposes.

United States · United States Congress · 2 October 1974

Provides that the value of a decedent's interest in a closely held business shall be determined by either of two methods, at the election of the executor, and within specified limitations. States that the election shall be exercised by the executor not later than the time prescribed for filing the return with respect to the estate tax (including extensions thereof). Defines the terms used in this Act, including "interest in a closely held business," "capitalization factor," and "operating return." (Adds 26 U.S.C. 2031(c))

Bill· HRH.R. 17017 (93rd)referred

Congressional Fiscal Integrity Act

United States · United States Congress · 2 October 1974

Congressional Fiscal Integrity Act - Provides for the establishment of controls with respect to the levels of budget outlays of the United States. Requires the reducing of wages and other emoluments of Members of Congress in any fiscal year in which Government budget outlays exceed revenues.

Bill· HRH.R. 17032 (93rd)referred

Fiscal Integrity Act

United States · United States Congress · 2 October 1974

Fiscal Integrity Act - Expresses the findings of Congress, including that allowing the continuation of policies which lessen the fiscal integrity of the Government is detrimental to the general welfare of the people and ought, therefore, to be ended. Title I: Revenue and Budget Outlays Control - Establishes for each fiscal year a revenue and budget outlays limit for the Government. States that no appropriation shall be made for any fiscal year by the Congress in excess of the revenue and budget outlays limit for such fiscal year. Provides that if the revenue of the Government exceeds the limit established, the excess shall be used for the payment of the public debt of the Government. States that the revenue and budget outlays limit shall be derived by multiplying the estimated aggregate national income for such fiscal year by the Federal revenue factor. Defines "Federal revenue factor". Title II: Monetary Supply Control - Directs the Board of Governors of the Federal Reserve System to insure that any rate of increase in the amount of currency in circulation and demand deposits is not greater than 1 1/4 percent per quarter fiscal year. Title III: Fiscal Disclosure - States that a bill or joint resolution introduced in either House of Congress or received by it from the other House shall be printed only when there appears at the bottom of the first page a fiscal note. Requires such fiscal note to state the amounts estimated to be the direct and indirect costs likely to be incurred or the direct and indirect savings likely to be achieved in carrying out the provisions of such bill or joint resolution in the fiscal year in which it is introduced or received and in each of the five fiscal years following such fiscal year, or for the authorized duration of any program authorized by such bill or joint resolution if less than five years, except that in the case of measures affecting revenue, the fiscal note shall state only the estimate of change in revenues for a one-year period. States that a copy of each such bill or joint resolution shall be transmitted immediately to the instrumentality of Government which will carry out its provisions.

Bill· HRH.R. 17020 (93rd)referred

A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $1,000 of interest on savings in the case of an individual taxpayer.

United States · United States Congress · 2 October 1974

Excludes from gross income the first $1,000 of interest and dividends on savings deposits or withdrawal accounts in a domestic savings and loan association, bank, credit union, or similar thrift institution in the case of an individual taxpayer under the Internal Revenue Code of 1954.

Bill· HRH.R. 16965 (93rd)referred

A bill to amend the Internal Revenue Code of 1954 to increase the exemption for purposes of the Federal estate tax, to increase the estate tax marital deduction and to provide an alternate method of valuing certain real property for estate tax purposes.

United States · United States Congress · 1 October 1974

Increases the exemption for the Federal estate tax from $60,000 to $200,000. Limits the aggregate deduction for value of property passed to a surviving spouse to $100,000, plus 50 percent of the value of the adjusted gross estate. Allows an estate executor to determine the value of any real property in an estate by its use for farmland, woodland, or scenic open space.

Bill· SS. 4052 (93rd)referred

Guaranteed Post-Secondary Education for Americans Act

United States · United States Congress · 26 September 1974

Guaranteed Post-Secondary Education for Americans Act - Provides, under the Internal Revenue Code, a refundable credit against tax for post-secondary education expenses for tuition and fees paid by the taxpayer attributable to the attendance of a student at an institution of post-secondary education. Stipulates that the credit allowed for post-secondary education expenses attributable to one student shall not exceed: (1) 80 percent of the amount of such expenses which does not exceed $500; (2) 60 percent of the amount of such expenses which is greater than $500 but does not exceed $1,000; and (3) 40 percent of such expenses which is greater than $1,000 but does not exceed $2,250. Permits the taxpayer to elect to apply the credit to the preceding taxable year. States that no deduction shall be allowed for any amount of post-secondary education expenses which is taken into account in determining the amount of the credit allowed under the provisions of this Act.

Bill· HRH.R. 16890 (93rd)referred

Religious and Charitable Donors' Tax Credit Act

United States · United States Congress · 25 September 1974

Religious and Charitable Donors' Tax Credit Act - Allows an income tax credit under the Internal Revenue Code equal to 50 percent (and up to $500) of the amount allowed as a charitable deduction. Disallows a claim of a tax deduction when such tax credit is claimed.

Bill· HRH.R. 16866 (93rd)referred

A bill to amend the Internal Revenue Code of 1954 to increase the amount of refund payable with respect to fuels by local transit systems for commuter service, and with respect to the definition of commuter fare revenue.

United States · United States Congress · 25 September 1974

Revises the formula for determining the amount of refund payable, under the Internal Revenue Code, with respect to fuels used by local transit systems for commuter service, and revises the definition of commuter fare revenue.

Bill· HRH.R. 16892 (93rd)referred

A bill to amend the Internal Revenue Code of 1954 to increase the exception for purposes of the Federal estate tax, to increase the estate tax marital deduction, and to provide and alternate method of valuing certain real property for estate tax purposes.

United States · United States Congress · 25 September 1974

Increases the exemption for the Federal estate tax from $60,000 to $200,000. Limits the aggregate deduction for value of property passed to a surviving spouse to $100,000, plus 50 percent of the value of the adjusted gross estate. Allows an estate executor to determine the value of any real property in an estate by its use for farmland, woodland, or scenic open space.

Bill· HRH.R. 16899 (93rd)referred

A bill to amend chapters 2 and 21 of the Internal Revenue Code of 1954 to provide that individuals 65 years of age or over who are eligible for or receiving social security benefits (and employers, with respect to such individuals) shall be exempt from payment of social security taxes.

United States · United States Congress · 25 September 1974

Provides that individuals 65 years of age or over who are eligible for or receiving social security benefits (and employers, with respect to such individuals) shall be exempt from payment of social security taxes under the Internal Revenue Code.

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