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 1975

All countries United States · 53,051 European Union · 5,204 Ireland · 4,382 Austria · 4,154 United Kingdom · 3,280 France · 2,309 Germany · 1,779 Netherlands · 865 Belgium · 1 Search this topic

Records

Law· HRH.R. 10572 (94th)open

A bill amend title 5 of the United States Code to provide that the provisions relating to the withholding of city income or employment taxes from Federal employees shall apply to taxes imposed by certain nonincorporated local governments.

United States · United States Congress · 5 November 1975

Provides that the provisions relating to the withholding of city income or employment taxes from Federal employees shall apply to taxes imposed by nonincorporated local governments functioning in a way similar to a municipality.

Bill· HRH.R. 10577 (94th)referred

A bill to amend the Congressional Budget Act of 1974 to require that the first congressional budget resolution each year fix ceilings on budget outlays and new budget authority which must be met for the coming fiscal year (instead of only setting forth flexible targets as under present law) and include 3-year budget projections, and to prohibit the consideration of any measure to the House or Senate if its enactment would result in total budget outlays or total budget authority in excess of the ceiling in effect under the most recently adopted congressional budget resolution.

United States · United States Congress · 5 November 1975

Requires, under the Congressional Budget Act, that the first congressional budget resolution each year fix ceilings on budget outlays and new budget authority which must be met for the coming fiscal year (instead of only setting forth flexible targets as under present law) and include three-year budget projections. Prohibits the consideration of any measure in the House or Senate if its enactment would result in total budget outlays or total budget authority in excess of the ceiling in effect under the most recently adopted congressional budget resolution.

Bill· HRH.R. 10578 (94th)referred

A bill to amend the Internal Revenue Code of 1954 to allow a deduction to individuals who rent their principal residences for a portion of the real property taxes paid or accrued by their landlords.

United States · United States Congress · 5 November 1975

Allows a tax deduction under the Internal Revenue Code to individuals who rent their principal residences for the portion of the real property taxes paid or accrued by their landlords that may be allocated to such residence.

Bill· HRH.R. 10583 (94th)referred

Jobs Creation Act

United States · United States Congress · 5 November 1975

Jobs Creation Act - Allows an exclusion from gross income of qualified additional savings and investments made during a tax year. Provides for an exclusion of up to $1,000 or $2,000 for a married couple filing a joint return. Excludes dividends paid by domestic corporations from corporate gross income. Grants a $1,000 exclusion from capital gains for each capital transaction qualified. Allows an extension of time for payment of estate taxes where the estate consists largely of small business interests. Increases the estate tax exemption for family farming operations to $200,000. Increases the corporate surtax exemption, including provisions for reduced taxes for small business, to give an effective corporate income tax reduction in the range of 6 percent. Increases the investment tax credit to 15 percent and makes it permanent. Allows taxable year price-level adjustments in property and allows increases in class life variances for purposes of depreciation - the latter increasing the asset depreciation range (ADR) from a factor of 20 to a factor of 40 with respect to asset life. Provides for a complete amortization in 1 year of required but nonproductive pollution control facilities and equipment.

Bill· SS. 2615 (94th)open

Voluntary Municipal Reorganization Act

United States · United States Congress · 4 November 1975

Voluntary Municipal Reorganization Act - Establishes an Emergency Municipal Fiscal Reform Board to: (1) guarantee or make commitments to guarantee payment of principal and interest to holders of obligations to be issued by a State on behalf of an assisted municipality in order to prevent a default; or (2) in the event of a default or other inability of an issuer to meet its obligations, to provide emergency guarantees of payment of principal and interest to holders of obligations of that issuer. Establishes standards and conditions for guarantees to prevent default, including: (1) assurances that the State and municipality are not able to obtain credit in the private market; (2) the formulation of a financial plan which will bring the municipality's operating expenses into balance with its recurring revenues; (3) State authority to control the fiscal affairs of the assisted municipality; (4) assurances by the State that it will repay any losses the United States Government may sustain; (5) the assisted municipality agrees to make available all its accounts, books, records, documents, or other information which the Board may request bearing on its financial situation prior to, and during, the entire period in which the Federal guarantee is outstanding; (6) the State agrees to pay to the Board a guarantee fee; (7) the State agrees to provide a grant to the assisted municipality as outlined in the Act; and (8) the State presents voluntary agreements acceptable to the Board by the holders of obligations issued by the municipality. Sets forth standards and conditions for guarantees of obligations of issuers in default. Establishes in the Treasury an emergency municipal debt guarantee fund to be administered by the Board. Provides that the fund shall be used for the payment of the expenses of the Board and to fulfill the Board's obligations under this Act. Directs any Federal Reserve bank to act as fiscal agent for the Board if requested.

Bill· SS. 2608 (94th)referred

A bill to amend the Internal Revenue Code of 1954 to allow a deduction within respect to the exhaustion geothermal steam and geothermal resources.

United States · United States Congress · 4 November 1975

Allows a tax deduction, under the Internal Revenue Code, of an amount equal to 25 percent of the gross income from a geothermal steam and geothermal resources property. States that such deduction may not exceed 50 percent of the taxpayer's taxable income from the property.

Bill· HRH.R. 10545 (94th)referred

A bill to provide for the exclusion of industrially funded personnel in computing the total number of civilian personnel authorized by law for the Department of Defense in any fiscal year.

United States · United States Congress · 4 November 1975

Excludes industrially funded personnel in computing the total number of civilian personnel authorized by law for the Department of Defense in any fiscal year.

Bill· HRH.R. 10551 (94th)referred

A bill to amend the Internal Revenue Code of 1954 to clarify that the investment tax credit is allowed for property subject to 46 U.S.C. 1177.

United States · United States Congress · 4 November 1975

Provides that there shall not be a reduction in the investment tax credit under the Internal Revenue Code for vessels in the case where any deposit in or qualified withdrawal from a capital construction fund established under the Merchant Marine Act is made, or there is any reduction in the base required under such Act.

Bill· HRH.R. 10540 (94th)referred

A bill to establish a program whereby payments in lieu of taxes may be made with respect to certain real property owned by the U.S. Government but leased by departments or agencies thereof to private persons not for public purposes.

United States · United States Congress · 4 November 1975

Stipulates that whenever the United States Government, including any department or agency thereof, has legal title to any improved real property which is leased, loaned, or otherwise made available to and used by any private individual, association, or corporation in connection with a business conducted for profit, the Government shall pay to the appropriate local taxing authorities, on the date on which real property taxes become due, an amount equal to the amount of the real property tax which would be payable to each such State or local taxing authority if legal title to such real property were held by a private individual, association, or corporation. Provides that no such payment shall be made with respect to any real property of any of the following categories: (1) real property taxable by any State or local taxing authority under any provision of law, or with respect to which any payment in lieu of taxes is payable under any other provision of law; (2) real property owned by any private individual, association, or corporation would be exempt from real property tax under the constitution or laws of the State in which the property is situated; and (3) real property used or held primarily for the rendition of service to or on behalf of the local public, including (but not limited to) the following categories of real property, courthouses, post offices, and other property used for purposes incidental to postal operations, and federally owned airports maintained and operated by the Civil Aeronautics Administration.

Bill· HRH.R. 10532 (94th)referred

A bill to amend section 501(c) of the Internal Revenue Code of 1954 as amended.

United States · United States Congress · 4 November 1975

Creates an exemption from taxation under the Internal Revenue Code for trusts the purpose of which is to satisfy the liabilities of its contributors with respect to the Federal Health Mine and Safety Act as amended by the Black Lung Benefit Act, or any State "Black Lung Acts", if the income from such trust may be used only to pay the benefits authorized by and incidental to the administration of such Act.

Bill· HJRESH.J.Res. 716 (94th)referred

Joint resolution proposing an amendment to the Constitution of the United states to provide that the amounts appropriated for any fiscal year shall not exceed the revenue of the United States, except in time of war or national emergency.

United States · United States Congress · 4 November 1975

Constitutional Amendment - Provides that, except in time of war or national emergency declared by Congress, no law shall make any appropriation for any fiscal year which would exceed the estimate of the total revenue of the United States. Provides for the appointment by Congress of a Congressional Budget Officer in the legislative branch of Government. States that such officer shall estimate the total revenue of the United States at the beginning of each fiscal year. Directs that any amount appropriated which exceeds the total revenue shall be deducted from the estimate of total revenue made for the following fiscal year.

Bill· SS. 2602 (94th)referred

A bill to extend for 2 years a transitional rule under which certain charitable remainder trusts may be amended or modified to conform to the strict requirements of the Tax Reform Act of 1969.

United States · United States Congress · 3 November 1975

Extends for two years the transitional rule under which specified charitable remainder trusts must be amended or modified to conform to the strict requirements of the Tax Reform Act.

Bill· HRH.R. 10519 (94th)referred

A bill to amend the Internal Revenue Code of 1954 to provide that certain organizations established before 1913 shall not be treated as private foundations.

United States · United States Congress · 3 November 1975

Provides that organizations established before 1913 which are required to make annual reports to a court of competent jurisdiction and to have its directors appointed by such court shall not be treated as private foundations for purposes of the Internal Revenue Code.

Bill· HRH.R. 10509 (94th)referred

A bill to provide certain special rules with respect to the application of the Internal Revenue Code of 1954 to certain flood victims.

United States · United States Congress · 31 October 1975

Allows flood victims receiving compensation for flood losses to exclude the amount of such compensation from gross income. States that such taxpayers shall not be required to recompute the tax for a preceding year in which they declared a credit or received a refund on account of such loss.

Bill· HRH.R. 10502 (94th)referred

A bill to amend the Internal Revenue Code of 1954 to provide reasonable and necessary income tax incentives to encourage the utilization of recycled solid waste materials and to offset existing income tax advantages which promote depletion of virgin natural resources.

United States · United States Congress · 31 October 1975

Allows specified percentage tax deductions under the Internal Revenue Code, for the cost of acquiring recycled solid waste materials during the taxable year. Provides, in lieu of any allowable depreciation deduction, for the amortization of the cost basis of solid waste recycling facilities over a period of 60 months.

Bill· HRH.R. 10482 (94th)referred

A bill to amend the Internal Revenue Code of 1954 to deny the business deduction for amounts paid or incurred for lobbying before Congress or other legislative bodies.

United States · United States Congress · 31 October 1975

Denies the business tax deduction under the Internal Revenue Code for amounts paid or incurred for lobbying (including appearances before, and the sending of statements or communications) before Congress or other legislative bodies.

Bill· HRH.R. 10483 (94th)referred

A bill to provide for the exclusion of industrially funded personnel in computing the total number of civilian personnel authorized by law for the Department of Defense in any fiscal year.

United States · United States Congress · 31 October 1975

Excludes industrially funded personnel in computing the total number of civilian personnel authorized by law for the Department of Defense in any fiscal year.

Bill· HRH.R. 10484 (94th)referred

A bill to amend the Internal Revenue Code of 1954 to exempt nonprofit volunteer firefighting or rescue organizations from the Federal excise taxes on gasoline, diesel fuel, and certain other articles and services.

United States · United States Congress · 31 October 1975

Exempts, under the Internal Revenue Code, nonprofit volunteer firefighting or rescue organizations from the Federal excise taxes on gasoline, diesel fuel, and special fuels. Exempts such organization from the tax on communication services.

Resolution· HCONRESH.Con.Res. 466 (94th)passed

Concurrent resolution revising the congressional budget for the U.S. Government for the fiscal year 1976, and directing certain reconciliation action.

United States · United States Congress · 31 October 1975

Revises the Congressional budget for the United States Government for fiscal year 1976. Recommends the appropriate levels for the 1976 budget, the total new budget authority, the total budget outlay, the deficit in the budget and the appropriate level of the public debt.

Bill· SS. 2593 (94th)referred

A bill to assist the States in raising revenues by encouraging more uniform severance taxes on coal and oil shale and to impose a countervailing duty on imported coal and oil shale.

United States · United States Congress · 30 October 1975

Imposes an excise tax under the Internal Revenue Code of 15 percent of gross income for the severance of coal and oil shale from properties located within the United States (25 percent if the severance is by surface mining) u exempting the first 20,000 tons of coal or oil shale mined during the taxable year from such tax. Allows a credit for such taxes imposed under the provisions of this Act.

Bill· HRH.R. 10474 (94th)referred

A bill to repeal section 933 of the Internal Revenue Code of 1954 which provides an income tax exclusion for income received by residents of Puerto Rico from sources within Puerto Rico.

United States · United States Congress · 30 October 1975

Repeals the income tax exclusion provided under the Internal Revenue Code for income received by residents of Puerto Rico from sources within Puerto Rico.

Bill· HRH.R. 10453 (94th)referred

A bill to extend and revise the State and Local Fiscal Assistance Act of 1972.

United States · United States Congress · 30 October 1975

Permits the Secretary of the Treasury under the State and Local Fiscal Assistance Act to withhold a percentage of the total entitlement payment for any period to insure sufficient funds for final allocation of funds among the state and local units of government. Appropriates to the State and Local Government Fiscal Assistance Trust Funds: (1) $1,625,000,000 for fiscal year 1976, (2) $6,687,500,000 for fiscal year 1977, (3) $6,837,500,000 for fiscal year 1978, (4) $6,987,500,000 for fiscal year 1979, (5) $7,137,500,000 for fiscal year 1980, and (6) $7,287,500,000 fiscal year 1981. Appropriates to the Fund as noncontiguous States adjustments: (1) $1,195,000 for fiscal year 1976, and (2) $4,780,000 for each of the fiscal years 1976 through 1981. Exempts amounts appropriated to the Fund from the provisions of the Congressional Budget Act. Directs the Secretary of the Treasury to submit a report with appropriate recommendations to the Congress no later than September 30, 1980, concerning the extension of this title. Declares that if the entitlement of any Indian tribe or Alaskan native village is waived for any entitlement period, then the amount of such entitlement shall become part of the entitlement of the county government of the county in which such unit is located. Increases the maximum percentage points per entitlement period until it reaches 175 percent. Directs each State and local unit of government which receives funds under such Act to submit a report to the Secretary after the close of each entitlement period on the use of the funds received. Directs such unit of local government which expects to receive funds to submit a report to the Secretary on how it plans to use the funds it expects to receive. Empowers the Secretary whenever he determines that a unit of government has failed to comply with an applicable regulation to withhold all or a portion of the entitlement funds due such unit of government, to terminate the eligibility of such unit of government, and to require repayment of the entitlement funds expended. Requires units of government to provide an opportunity for citizens to give recommendations and views on the proposed expenditures of all funds within such units distributed under such Act.

Bill· HRH.R. 10468 (94th)referred

Local Fiscal Assistance Act

United States · United States Congress · 30 October 1975

Local Fiscal Assistance Act - Revises the State and Local Fiscal Assistance Act to delete the provisions of that Act authorizing payments by the Secretary of the Treasury to units of general local government from the Trust Fund created by that Act. Changes the designation of the "State and Local Government Fiscal Assistance Trust Fund" to the "Local Government Fiscal Assistance Trust Fund. Makes appropriations to the Trust Fund, out of amounts in the general fund of the Treasury, for the transition period and for fiscal years 1976 through 1981. Makes appropriations to the Trust Fund, out of amounts in the general fund of the Treasury, for noncontiguous States adjustment amounts, for the transition period and for fiscal years 1976 through 1981. Directs that allocations made to States from the Trust Fund be allocated among the units of local government of the States. Authorizes local government units to issue special revenue sharing bonds guaranteed by the United States Government when the Secretary of the Treasury determines such government is in critical need of such funds. Directs units of local government to report to the Secretary concerning the amounts and purposes for which funds received under this Act were expended. Prohibits discrimination on the basis of race, color, national origin, or sex with respect to any program for which funds are provided under this Act.

Bill· HRH.R. 10444 (94th)referred

A bill to amend the Internal Revenue Code of 1954 to allow individuals who have attained age 65 a nonrefundable tax credit for property taxes paid by them on their principal residences or for a certain portion of the rent they pay for their principal residences.

United States · United States Congress · 30 October 1975

Allows individuals who have attained age 65 a nonrefundable tax credit under the Internal Revenue Code of 50 percent of the property taxes paid by them on their principal residences or for the portion of the rent they pay for their principal residence allocable to property taxes (reduced by 2 percent for each $1,000 of adjusted gross income in excess of $500).

Resolution· HCONRESH.Con.Res. 464 (94th)referred

Concurrent resolution to declare that total Federal budget outlays for fiscal year 1977 shall not exceed $395 billion.

United States · United States Congress · 30 October 1975

Declares that total Federal budget outlays for fiscal year 1977 shall not exceed $395,000,000,000.

Bill· HRH.R. 10423 (94th)referred

A bill to amend the Internal Revenue Code of 1954 to provide for the payment of interest at a rate of 5 percent on excess amounts withheld from individuals' wages.

United States · United States Congress · 29 October 1975

Provides for the payment of interest at a rate of 5 percent on excess amounts withheld from individuals' wages pursuant to the Internal Revenue Code.

Bill· HRH.R. 10416 (94th)referred

A bill to amend the Internal Revenue Code of 1954 to allow deferral of gain from sale or exchange of certain livestock due to flooding.

United States · United States Congress · 29 October 1975

Allows deferral of gain for tax purposes from the sale or exchange of livestock due to flooding by authorizing the treatment of such sale or exchange as an involuntary conversion under the Internal Revenue Code.

Resolution· HCONRESH.Con.Res. 463 (94th)referred

Concurrent resolution to declare that total Federal budget outlays for fiscal year 1977 shall not exceed $395 billion.

United States · United States Congress · 29 October 1975

Declares that total Federal budget outlays for fiscal year 1977 shall not exceed $395,000,000,000.

Bill· HRH.R. 10410 (94th)referred

Farm Tax Equity Act

United States · United States Congress · 28 October 1975

Farm Tax Equity Act - Limits, under the Internal Revenue Code, deductions with respect to a taxpayer engaged in the business of farming to: (1) the gross income of the business for the taxable year; and (2) in the case of an individual or a bona fide family farm corporation, the higher of $10,000 or the amount of special deductions allowed by this Act, or for any other taxpayer, the amount of special deductions. Prohibits the application of such deductions when the taxpayer uses specified accounting methods. Defines terms used in this Act.

Bill· HRH.R. 10387 (94th)referred

Federal Taxpayers' Rights Act

United States · United States Congress · 28 October 1975

Federal Taxpayers' Rights Act - Directs the Secretary of the Treasury to prepare pamphlets which set forth in nontechnical terms (1) the rights and obligations of a taxpayer and the Internal Revenue Service during an audit; (2) the procedures by which a taxpayer may appeal any adverse decision of the Service (including administrative and judicial appeals); (3) the procedures for prosecuting refund claims and filing of taxpayer complaints; and (4) the procedures which the Service may use in enforcing the internal revenue laws (including assessment, jeopardy assessment, levy and distraint, and enforcement of liens). Establishes within the Internal Revenue Service an office to be known as the Office of Taxpayer Services to be under the supervision and direction of an Assistant Commissioner of Internal Revenue who shall assist taxpayers in obtaining easily understandable tax information and answering questions on tax liability, among other functions. States that, upon application filed by a taxpayer, the Assistant Commissioner for Taxpayer Services may issue a Taxpayer Assistance Order if, in the determination of the Assistant Commissioner, the taxpayer is suffering from an unusual, unnecessary, or irreparable loss as a result of the manner in which the internal revenue laws are being administered by the Secretary or his delegate. Authorizes the President of the Legal Services Corporation to establish Taxpayer Representation Offices in four cities (selected by the President) for purposes of providing legal assistance to individuals in connection with: (1) any audit by the Service of any return made by or on behalf of the individual with respect to any tax imposed by chapter 1 of the Internal Revenue Code of 1954, or (2) an assessment or collection from any such individual of any tax imposed by such chapter. Provides for show cause hearings with respect to jeopardy assessments and termination of taxable years. Increases the monetary value of specified items to be exempt from levy. Provides criminal penalties (a fine of up to $10,000, imprisonment for up to 2 years, or both) for investigation into or surveillance over the beliefs, associations, or activities of any individual or organization which are not directly related to such revenue laws. Prohibits a civil cause of action for damages or an injunction, or both, for such violations. Prohibits inspection of tax returns pursuant to a criminal investigation unless a search warrant has been issued upon probable cause to believe that no alternative source of necessary information is available. Provides rules for civil investigation related to: (1) payment of Social Security and Railroad Retirement Taxes; (2) pension administration; (3) census information; (4) enforcement of taxpayer's rights under this Act; (5) inspection by States; (6) inspection by a Committee of Congress; and (7) disclosure to persons having a substantial interest (agents of partnerships and corporations, and shareholders of corporations). Provides a civil action for damages for unauthorized disclosure of tax information.

Bill· HRH.R. 10379 (94th)referred

A bill to amend section 5051 of the Internal Revenue Code of 1954 (relating to the Federal excise tax on beer).

United States · United States Congress · 28 October 1975

Reduces the excise tax under the Internal Revenue Code for beer brewed or produced at a qualified brewery in the United States, which produces no more than 8,000,000 barrels, to $6 a barrel on the first 100,000 barrels removed for consumption.

Bill· HRH.R. 10371 (94th)referred

Small Business Investment Company Tax Act

United States · United States Congress · 28 October 1975

Small Business Investment Company Tax Act - Exempts small business investment companies from the passive investment income test as a condition of eligibility to elect not to be taxed as a corporation under the Internal Revenue Code. Provides a tax deduction for investments made by small business investment companies in small business concerns. Allows small business investment companies to be shareholders in subchapter "S" corporations (corporations electing to be taxed as partnerships). Authorizes small business investment companies to add to their bad debt reserves at the close of a taxable year an amount sufficient to increase the reserve to 10 percent of the loans outstanding. Provides a deduction for dividends paid on preferred stock to small business investment companies.

Bill· HRH.R. 10357 (94th)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 used for farming for estate tax purposes.

United States · United States Congress · 23 October 1975

Increases the exemption for purposes of the Federal estate tax imposed under the Internal Revenue Code from $60,000 to $200,000. Increases the estate tax marital deduction, and provides an alternate method of valuing real property used for farming according to its use as farm land if, during the 60-month period ending with decedent's demise, 70 percent or more of his income was derived from farming.

Bill· HRH.R. 10353 (94th)referred

A bill to amend the Internal Revenue Code of 1954 to permit a taxpayer to deduct certain expenses paid by him in connection with his education or training, or the education or training of his spouse or any of his dependents, at an institution of higher education or a trade or vocational school.

United States · United States Congress · 23 October 1975

Permits, under the Internal Revenue Code, a taxpayer to deduct expenses paid by him in connection with his education or training or the education or training of his spouse or any of his dependents, at an institution of higher education or a trade or vocational school. Specifies that such expenses shall include tuition, fees, charges for textbooks, and transportation expenses up to $200.

Bill· SS. 2560 (94th)referred