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Bill· HRH.R. 4125 (98th)referred
United States · United States Congress · 6 October 1983
Amends the Internal Revenue Code to increase the excise tax on small cigarettes from $8 to $14 per thousand. Increases the excise tax on large cigarettes from $16.80 to $29.40 per thousand. Imposes a floor stock tax of $6 per thousand on small cigarettes and $12.60 per thousand on large cigarettes. Exempts retailers from the floor stock taxes. Repeals the 1985 termination date for increases in the excise tax on cigarettes.
Bill· HRH.R. 4127 (98th)referred
United States · United States Congress · 6 October 1983
Amends the Internal Revenue Code to allow a nonrefundable individual income tax credit for 50 percent of amounts paid or incurred for neighborhood patrol assessments. Limits the amount of the credit to $150.
Resolution· SCONRESS.Con.Res. 73 (98th)open
United States · United States Congress · 5 October 1983
Declares that it is the sense of Congress that there should be coordination of fiscal and monetary policy to reduce interest rates and that the Federal Reserve should: (1) continue to guide its behavior by reference to monetary and credit aggregates; (2) follow a monetary policy consistent with a continued reduction of interest rates; and (3) strive for greater stability in the growth rates of the monetary aggregates. Directs the Federal Reserve Board to include in its reports to Congress an analysis of the effects in current and prospective years on credit markets and the economy: (1) of the Federal budgets deficits or surpluses projected for the next three fiscal years in certain presidential and congressional documents; and (2) of alternative deficits or surpluses.
Bill· HRH.R. 4098 (98th)open
United States · United States Congress · 5 October 1983
Synthetic Fuels Corporation Fiscal Accountability Act of 1983 - Amends the Energy Security Act to prohibit the U.S. Synthetic Fuels Corporation from making new awards of financial assistance after the date of the enactment of this Act and before the date on which the Corporation's comprehensive strategy for achieving the national synthetic fuel production goal is approved by Congress. Makes limitations on Corporation construction projects effective upon the enactment of this Act rather than upon approval of the comprehensive strategy as provided under current law.
Bill· HRH.R. 4086 (98th)referred
United States · United States Congress · 5 October 1983
Amends the Economic Recovery Tax Act of 1981 to prohibit the imposition of a State or local sales tax on a sale and leaseback arrangement involving a qualified mass commuting vehicle.
Bill· HRH.R. 4078 (98th)open
United States · United States Congress · 4 October 1983
Alternative Energy Tax Incentives Act of 1983 - Amends the Internal Revenue Code to extend the residential energy income tax credit for renewable energy sources for five years from 1985 to 1990. Reduces the qualifying percentage for energy source expenditures by specified increments between 1985 and 1990. Increases from 15 percent to 20 percent the investment tax credit for solar, wind, geothermal, and ocean thermal property. Extends such tax credit for five years from 1985 to 1990. Extends the investment tax credit for hydroelectric generating property and biomass property for five years from 1985 to 1990. Reestablishes the credit for cogeneration property until 1990. Qualifies until 1995 affirmative commitments for solar, wind, geothermal, ocean thermal, biomass, and cogeneration projects begun by December 31, 1990. Eliminates the 20 percent limitation for oil and natural gas used in cogeneration facilities. Qualifies as biomass property methane- containing gas produced by anaerobic digestion from nonfossil waste materials. Revises the definition of geothermal deposit to lower the required temperature to 104 degrees Fahrenheit (from 122 degrees Fahrenheit). Includes shale oil property and tar sands equipment as energy property for purposes of the investment tax credit.
Bill· HRH.R. 4075 (98th)open
United States · United States Congress · 4 October 1983
Amends the Internal Revenue Code to grant tax-exempt status to corporations which acquire and manage real property for certain other tax-exempt organizations. Exempts such corporations from the application of the acquisition indebtedness rules applicable to the unrelated business income of tax-exempt organizations.
Bill· HRH.R. 4070 (98th)referred
United States · United States Congress · 4 October 1983
Amends the Internal Revenue Code to require income tax returns to include space designated for the taxpayer to specify the amount of cash contributions, if any, which the taxpayer wishes to make to the Federal Government to reduce the public debt. Requires the transfer of amounts designated for this purpose to a special account to be used to reduce the public debt.
Resolution· HRESH.Res. 329 (98th)passed
United States · United States Congress · 4 October 1983
Sets forth the rule for the consideration of H.R. 2968 (intelligence services funding).
Resolution· HRESH.Res. 331 (98th)passed
United States · United States Congress · 4 October 1983
Waives points of order against the consideration of H.R. 3958 (water resources development).
Resolution· HRESH.Res. 332 (98th)passed
United States · United States Congress · 4 October 1983
Waives points of order against the consideration of H.R. 3959 (supplemental appropriations).
Bill· SS. 1915 (98th)open
United States · United States Congress · 3 October 1983
Amends the Internal Revenue Code to repeal the capital gains tax on disposition of investments in U.S. real property by foreign citizens. Repeals the special reporting requirements with respect to U.S. real property interests.
Bill· SS. 1914 (98th)open
United States · United States Congress · 3 October 1983
Home Equity Conversions Act of 1983 - Amends the Internal Revenue Code to permit the owner of a residence who has attained the age of 55 to enter into a sale-leaseback transaction with a prospective purchaser of the residence and retain occupancy rights to the residence under a lease requiring a fair rental. Allows the purchaser of such residence an income tax deduction for depreciation of the residence. Permits an owner of a residence who sells such residence under a sale-leaseback arrangement to claim the one-time exclusion from income of gain from the sale of a principal residence by an individual age 55 or older. Excludes from the gross income of such owner the value of any occupancy rights or fair market price discount attributable to retained occupancy rights received in a sale-leaseback transaction. Permits the use of the installment sales method of accounting in reporting gain from the sale of a residence under a sale-leaseback agreement. Provides a special rule for the treatment of an annuity purchased for the owner-occupant under a sale-leaseback transaction. Establishes a legal presumption that a sale-leaseback transaction for the sale of a residence under this Act is an activity engaged in for profit for purposes of the deductibility of certain related business expenses. Exempts the purchaser of a residence under a sale-leaseback agreement from rules disallowing income tax deductions for personal use of a residence.
Bill· HRH.R. 4065 (98th)reported
United States · United States Congress · 3 October 1983
Life Insurance Tax Act of 1983 - Title I: Taxation of Life Insurance Companies - Subtitle A: Amendment to Subchapter L - Amends the Internal Revenue Code to set the rate of tax on a life insurance company at the corporate rate on its life insurance company taxable income (LICTI). Sets forth an alternative tax in the case of capital gains. Defines life insurance company taxable income as life insurance gross income reduced by life insurance deductions. Defines life insurance gross income as the sum of: (1) premiums; (2) decreases in certain reserves; and (3) other amounts generally includible by a taxpayer in gross income. Allows three types of deductions: (1) general life insurance deductions; (2) the special life insurance deduction; and (3) the small life insurance company deduction. Sets forth definitions and special rules for each type of deduction. Sets forth rules for the calculation of net increases and decreases in reserves. Requires life insurance companies to use either the accrual method of accounting or a method permitted under regulations which combines an accrual method with another recognized method. Sets forth rules for the amortization of premiums and accrual of discount. Sets forth rules for the computation of a company's share and the policyholder's share of investment income. Sets forth rules for the tax treatment of foreign life insurance companies. Requires an adjustment to LICTI where a required surplus held in the United States is less than a specified amount. Sets forth rules for the tax treatment of contiguous country branches of domestic life insurance companies. Provides that life insurance company taxable income which has an existing policyholder's surplus account shall be increased by any direct or indirect distribution to shareholders from such account. Defines "life insurance company" as an insurance company which is engaged in the business of issuing life insurance and annuity contracts or noncancellable contracts of health and life insurance if its life insurance reserves plus unearned premiums and unpaid losses comprise more than 50 percent of its total reserves. Sets forth rules for the tax treatment of variable contracts. Sets forth rules relating to capital gains and losses of a life insurance company. Subtitle B: Effective Date; Transitional Rules - Sets forth the effective date for the provisions of this Act. Provides transitional rules. Title II: Taxation of Life Insurance Products - Redefines "life insurance contract" for purposes of the Internal Revenue Code. Defines such a contract as any contract, which is a life insurance contract under applicable State or foreign law, but only if the contract meets either of two alternatives: (1) a cash value accumulation test; or (2) a test consisting of a guideline premium requirement and a cash value corridor requirement. Specifies requirements of each such test. Sets forth rules for contracts not meeting the life insurance definition. Sets forth transitional rules. Treats as distributed to a contract holder any amount of an annuity contract held by an individual who dies before the annuity starting date. Exempts any such amounts from the five-percent penalty tax on a premature distribution from an annuity. Limits the amount of the interest deduction allowed in the case of life insurance loans. Sets forth rules for the calculation of such limit. Extends to former employees and key employees the limitations on group-term life insurance purchased for employees. Title III: Studies - Requires the Secretary of the Treasury to report annually to specified committees of the Congress on the revenues received by this Act and to compare the amount of such revenue and the amount anticipated by reason of changes made by the Tax Equity and Fiscal Responsibility Act of 1982 and this Act. Requires the Secretary to make annual reports in 1986, 1987, 1988, and 1989 concerning the impact of this Act on specified segments and products of the life insurance industry.
Bill· HRH.R. 4058 (98th)open
United States · United States Congress · 30 September 1983
Provides that the crediting of an overpayment of income tax to estimated tax liability shall be determined without regard to Revenue Ruling 83-111 (holding that the period of underpayment of estimated tax runs from the due date of the installment of the estimated tax to the date the election to apply the overpayment is made).
Bill· HRH.R. 4042 (98th)open
United States · United States Congress · 30 September 1983
Continues to apply after the end of FY 1983 the certification requirements of the International Security and Development Cooperation Act of 1981 which relate to El Salvador until Congress enacts new legislation providing conditions for U.S. military assistance to El Salvador or until September 30, 1984, whichever occurs first.
Bill· HRH.R. 4057 (98th)referred
United States · United States Congress · 30 September 1983
Amends the Internal Revenue Code to provide for the reporting of tips by large food or beverage establishments in lieu of allocation requirements if reported tips do not equal eight percent of gross receipts. Allows for a reduction of such percentage under certain circumstances.
Bill· HRH.R. 4055 (98th)referred
United States · United States Congress · 30 September 1983
Amends the Internal Revenue Code to reduce for calendar year 1984 the rates of aviation-related excise taxes on: (1) airline passengers; (2) seats, berths, etc.; (3) use of international travel facilities; (4) air cargo; (5) aviation fuel; and (6) gasoline. Continues such reduced rates for subsequent calendar years if the unobligated balance in the Airport and Airway Trust Fund is at least $2,300,000,000.
Bill· HRH.R. 4054 (98th)referred
United States · United States Congress · 30 September 1983
Amends the Internal Revenue Code to reduce for calendar years 1984 and 1985 the rates of aviation-related excise taxes on: (1) airline passengers; (2) seats, berths, etc.; (3) use of international travel facilities; (4) air cargo; (5) aviation fuel; and (6) gasoline.
Bill· HRH.R. 4048 (98th)referred
United States · United States Congress · 30 September 1983
Amends the Internal Revenue Code to allow an additional ten percent investment tax credit for property which is a robot or a part of an automated system.
Bill· HRH.R. 4029 (98th)open
United States · United States Congress · 29 September 1983
Amends the Internal Revenue Code to exempt from the 30 percent tax on the income of nonresident alien individuals and foreign corporations any interest received from certain portfolio debt investments. Makes such exemptions inapplicable upon a determination by the Secretary of the Treasury that the exchange of information between the United States and a foreign country is inadequate to prevent income tax evasion. Excludes from the gross estate of a nonresident alien for purposes of the estate tax, any interest eligible for the income tax exemption under this Act.
Bill· HRH.R. 4038 (98th)referred
United States · United States Congress · 29 September 1983
Amends the Internal Revenue Code to repeal the provision limiting the nonbusiness casualty deduction to the amount by which such losses exceed ten percent of adjusted gross income.
Bill· HRH.R. 4034 (98th)referred
United States · United States Congress · 29 September 1983
Amends the Internal Revenue Code to require the Internal Revenue Service (IRS) to notify State or local governments of sales of property seized from delinquent taxpayers. Requires the IRS to consider outstanding State or local tax liens on the property in determining the minimum sales price.
Bill· HRH.R. 4036 (98th)referred
United States · United States Congress · 29 September 1983
Amends the Internal Revenue Code to allow an individual taxpayer an income tax deduction for contributions to a savings account established to pay the educational expenses (tuition, supplies, meals, and lodging) of the taxpayer or taxpayer's dependent child at an institution of higher education or a vocational school. Limits the amount of such deduction to $2,000 (adjusted for inflation) for each account per calendar year. Provides that no account may have more than one beneficiary and that no individual may be a beneficiary of more than one account. Requires the trustee of an education savings account to transfer five percent of the amount of any contribution to the trust to a State educational fund which is established by State law, the assets of which are used to provide scholarship assistance to individuals attending educational institutions within the state. Permits the deferral of income tax on income accumulated in such education savings accounts as long as such amounts are used exclusively for educational expenses. Sets forth penalties for the use of account funds for other than educational purposes. Requires that the trustee of an education savings account file reports with the Secretary of the Treasury on the maintenance of the account. Imposes penalties for not filing required reports. Extends the deduction for contributions to an education savings account to taxpayers who do not otherwise itemize deductions. Includes in the gross income of account beneficiaries over a ten-year period beginning at age 25 an amount equal to ten percent of the amounts paid or used on their behalf for educational expenses.
Bill· SS. 1898 (98th)open
United States · United States Congress · 28 September 1983
Permits employers with less than $5,000 in monthly withholding tax to deposit only once a month rather than at more frequent intervals.
Bill· SS. 1901 (98th)open
United States · United States Congress · 28 September 1983
Amends the Internal Revenue Code to provide that the payment of any increase in the original principal amount of a price level adjusted mortgage shall be treated as the payment of principal and not deductible interest.
Bill· SS. 1897 (98th)open
United States · United States Congress · 28 September 1983
Energy Community Self-Help Act of 1983 - Amends the Internal Revenue Code to allow an income tax deduction for the prepayment of certain State or local taxes if such payment qualifies as an energy impact assistance expenditure. Defines "energy impact assistance expenditure" as any expenditure or contribution which: (1) represents a State or local tax, fee, rent, or royalty; (2) is required or permitted under State or local law to be prepaid in a year prior to the taxable year to which it is allocable; and (3) is to be used by the State or local government to meet needs incidental to population growth arising out of the operation of major energy and resource development activities. Allows an income tax deduction for contributions of payments of cash or property to a State or local government to be used to provide certain public facilities and services as a result of population growth arising out of the operation of major energy resource development activities.
Bill· SS. 1899 (98th)open
United States · United States Congress · 28 September 1983
Scientific Research Act of 1983 - Amends the Internal Revenue Code to permit certain scientific and educational organizations to issue tax-exempt (interest excluded from gross income) bonds to finance scientific facilities and equipment for the benefit of an institution of higher education.
Bill· HRH.R. 4018 (98th)referred
United States · United States Congress · 28 September 1983
Amends the Internal Revenue Code to provide that the Tax Court, the U.S. Claims Court, or a U.S. district court may issue a declaratory judgment in a case brought by an executor involving the extent to which an estate is eligible for the extension of time for payment of the estate tax where the estate consists largely of interest in a closely held business. Provides that such a judgment shall be a final judgment or decree and shall be reviewable. Requires the exhaustion of all administrative remedies within the Internal Revenue Service before a judgment may be issued. Prohibits the levy or proceeding in court for the collection of tax on an estate until final declaratory judgment is rendered. Requires the filing of an appeals bond for an appeal of a declaratory judgment on the extension of time for payment of the estate tax. Allows the U.S. Court of Appeals and the Supreme Court to impose damages for frivolous or groundless appeals. Imposes a negligence penalty on an estate for underpayment of tax where a court determines that such an estate does not qualify for an extension of time for payment of estate tax.
Resolution· HRESH.Res. 320 (98th)passed
United States · United States Congress · 28 September 1983
Sets forth the rule for the consideration of H.R. 3648 (National Railroad Passenger Corporation).
Bill· HRH.R. 3998 (98th)referred
United States · United States Congress · 27 September 1983
Amends the Internal Revenue Code to limit the refund of excise taxes on certain articles used in further manufacture to the extent that the price at which such articles were sold to the subsequent manufacturer or producer included the tax paid by the original manufacturer, producer, or importer of such articles.
Resolution· HRESH.Res. 317 (98th)passed
United States · United States Congress · 27 September 1983
Sets forth the rule for the consideration of H.J. Res. 368 (continuing appropriations).
Bill· SS. 1885 (98th)open
United States · United States Congress · 23 September 1983
Provides relief with respect to the imposition of a lien and the payment of Federal income taxes, interest, and penalties attributable to a new home which was won in a radio contest and which was specifically designed to accommodate the handicapped foster child of the winner.
Bill· HRH.R. 3958 (98th)open
United States · United States Congress · 22 September 1983
Makes appropriations for FY 1984 for: (1) river, harbor, flood control, shore protection, and related projects; and (2) studies, plans and specifications of projects authorized by law. Directs the Chief of Engineers to proceed with the planning, design, engineering, and construction of the following projects: (1) Atchafalaya Basin Floodway System, Louisiana; (2) Baltimore Harbor and Channels, Maryland and Virginia; (3) Bodega Bay, California; (4) Bonneville Navigation Lock, Oregon and Washington; (5) Clear Creek, Texas; (6) Bonneville Power Units, Oregon and Washington; (7) Cleveland Harbor, Ohio; (8) Colorado River and Tributaries, Boggy Creek at Austin, Texas; (9) Dade County, Florida; (10) Eight Mile Creek, Arkansas; (11) Ellicott Creek, New York; (12) Fairfield Vicinity County Streams, California; (13) Fisherman's Wharf Area, San Francisco Harbor, California; (14) Freeport Harbor, Texas; (15) Gallipolis Locks and Dam, Ohio and West Virginia; (16) Kahoma Stream, Hawaii; (17) Lake Wichita, Holiday Creek at Wichita Falls, Texas; (18) Liberty State Park Levee and Seawall, New Jersey; (19) Little Calumet River, Indiana; (20) Lock and Dam 26, Illinois and Missouri; (21) Merced County Streams, California; (22) Mississippi River Ship Channel, Gulf to Baton Rouge, Louisiana; (23) Mobile Harbor, Alabama; (24) Monongahela River, Grays Landing, Pennsylvania; (25) Monongahela River, Point Marion, Pennsylvania and West Virginia; (26) Moriches Inlet, New York; (27) Norfolk Harbor, Virginia; (28) William Banker Oliver Lock and Dam, Alabama; (29) Parker Lake, Oklahoma; (30) Randleman Lake, North Carolina; (31) Red River Chloride Control, Oklahoma and Texas; (32) Richmond Filtration Plant, Virginia; (33) Richmond Harbor, California; (34) Sacramento River Deep Water Ship Channel, California; (35) Saginaw River - Shiawassee Flats, Michigan; (36) San Luis Rey River, California; (37) Strube Lake and Cougar Additional Units, Oregon; (38) Tampa Harbor Branch Channels, Florida; and (39) Virginia Beach Streams, Canal 2, Virginia. Provides that the funding for such projects may come out of the Inland Waterways Trust Fund. Makes an appropriations transfer to the Upper Colorado River Basin Fund, provided that $11,000,000 is expended by the Bureau of Reclamation for the design and construction of the Headgate Rock Hydroelectric project, Arizona.
Bill· HRH.R. 3961 (98th)referred
United States · United States Congress · 22 September 1983
National Dividend Act of 1983 - Establishes a program for the distribution of corporate income tax, capital gains tax, and insurance company income tax revenues to the registered voters of each State in the form of dividend payments. Directs the Secretary of the Treasury to pay to the chief financial officer of each State an amount equal to the National Dividend Payment, as computed under this Act, multiplied by the number of registered voters in such State. Establishes the National Dividend Payment Trust Fund. Directs the payment of specified amounts to the Trust Fund between FY 1984 and 1987. Establishes a National Dividend Review Board to review the manner in which payments are made from the Trust Fund and to make investments of trust funds which are not required to meet current expenses. Amends the Internal Revenue Code to exclude from gross income all dividend income, including dividends received under this Act, received by a taxpayer from a domestic corporation. Increases the income tax deduction to corporations for dividends received on the preferred stock of a public utility. Prohibits an increase of corporate income tax rates above 50 percent. Limits increases in Federal expenditures during the five year period beginning after the date of the enactment of this Act to an amount which is attributable to inflation.
Bill· HRH.R. 3964 (98th)referred
United States · United States Congress · 22 September 1983
Amends the Internal Revenue Code to prohibit the Internal Revenue Service from issuing regulations requiring barter exchanges to submit information on an individual transaction basis.
Law· HJRESH.J.Res. 368 (98th)enacted
United States · United States Congress · 22 September 1983
Appropriates such amounts as may be necessary in FY 1984 for projects or activities for which appropriations, funds or other authority would be available in the following appropriations Acts: (1) the District of Columbia Appropriation Act, 1984; and (2) the Military Construction Appropriation Act, 1984. Declares that appropriations made under this Act shall be available to the extent and in the manner which would be provided by the pertinent appropriation Act. States that if the Senate and the House of Representatives have both passed appropriations for an activity but in differing amounts, the lesser amount or more restrictive authority shall apply in the continuing appropriations. States that where an activity is included in only one version of an Act as passed by both Houses the pertinent project or activity shall be continued under the appropriation, fund, or authority granted by the one House, but at a rate for operations not more than the current rate or the rate permitted by the one House, whichever is lower. Declares that no provision which is included in an appropriation Act enumerated in this Act but which was not included in the applicable appropriations Act of 1983, and which is applicable to more than one appropriation shall be applicable to any appropriation unless such provision shall have been included in identical form in such bill as enacted by both the House and the Senate. Provides continuing appropriations as necessary for projects or activities at a rate for operations and to the extent and in the manner provided for in the following appropriations Acts: (1) Agriculture, Rural Development, and Related Agencies Appropriation Act, 1984; (2) Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriation Act, 1984; (3) Department of the Interior and Related Agencies Appropriation Act, 1984; and (4) Departments of Labor, Health and Human Services, and Education, and Related Agencies Appropriation Act, 1984. Provides appropriations for continuing activities conducted in FY 1983, at the current rate or the rate provided for in the budget estimates, whichever is lower, for: (1) the Department of Defense Appropriation Act, 1983; and (2) the Foreign Assistance Appropriations Act. Provides appropriations for continuing activities conducted in FY 1983 under the purview of the Treasury, Postal Service, and General Government Appropriation Act under the current terms and conditions and at a rate for operations not in excess of the current rate. Provides appropriations as necessary for continuing the following activities, which were conducted in FY 1983, at the current rate: (1) health planning activities, National Research Service Awards, specified advisory boards, and medical library assistance programs, under the Public Health Service Act; (2) refugee and entrant assistance activities, under the Immigration and Nationality Act, the Refugee Act of 1980, and the Refugee Education Assistance Act of 1980; (3) child abuse prevention and treatment and adoption opportunities activities authorized by the Child Abuse Prevention and Treatment Act; (4) rehabilitation and handicapped research activities authorized by the Rehabilitation Act of 1983 and the International Health Research Act of 1960; (5) the Professional Standards Review Organization program of the Social Security Act; (6) activities under the Domestic Volunteer Service Act of 1973; (7) emergency feeding activities authorized by the Temporary Emergency Food Assistance Act of 1983; and (8) activities of the Department of Defense, Army National Guard and Army Reserve, operation and maintenance and National Guard and Reserve equipment procurement. Makes appropriations as necessary for projects or activities which were provided for in H.R. 3222 (the Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriation Act, 1984) as reported to the House of Representatives on June 3, 1983. Declares that appropriations and funds made available and authority granted pursuant to this joint resolution shall remain available from October 1, 1983, until: (1) enactment of an appropriation for any project or activity provided for in this joint resolution; (2) enactment of the applicable appropriations Act by both Houses without any provision for such project or activity; or (3) November 15, 1983, whichever first occurs. Declares that appropriations made and authority granted pursuant to this joint resolution shall cover all obligations or expenditures for any project or activity. Authorizes the apportionment of appropriations to the extent necessary to permit payment of pay increases as may be granted pursuant to law to civilian officers and employees and to active and retired military personnel. Prohibits the use of appropriated funds to pay more than a specified amount for rental of space and services provided by the General Services Administration. Declares that no provision in any appropriation Act for FY 1984 that makes the availability of any appropriation provided therein dependent upon the enactment of additional authorizing or other legislation shall be effective before November 15, 1983. Appropriates amounts to the Postal Service Fund so that postal rates for preferred-rate mailers shall be continued at the rates in effect on September 1, 1983. Makes funds available for school assistance in certain federally affected areas under the terms and conditions provided in specified appropriation Acts. Limits pay increases for certain prevailing rate employees to the same percentages as certain other employees. Appropriates a specified amount to be derived by fund transfer from certain FY 1983 obligations to enable the Secretary of Education to comply with a specified consent decree.
Bill· HJRESH.J.Res. 367 (98th)referred
United States · United States Congress · 22 September 1983
Makes continuing appropriations for FY 1984 for projects or activities provided for by the District of Columbia Appropriation Act, 1984 and the Military Construction Appropriation Act, 1984 as they passed the House of Representatives or the Senate as of October 1, 1983. Makes continuing appropriations for FY 1984 for projects or activities provided for by the following bills as passed by the House as of October 1, 1983: (1) Agriculture, Rural Development, and Related Agencies Appropriation Act, 1984; (2) Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriation Act, 1984; (3) Department of the Interior and Related Agencies Appropriation Act, 1984; and (4) Departments of Labor, Health and Human Services, and Education, and Related Agencies Appropriation Act, 1984. Makes continuing appropriations for FY 1984 for continuing activities provided for by the Department of Defense Appropriation Act, 1983 (P.L. 97-377), under current terms, conditions, and rates for operations, with no funds being made available for new production or procurement. Makes continuing appropriations for FY 1984 for continuing activities under the Treasury, Postal Service, and General Government Appropriation Act, 1983, under current terms, conditions, and rates for operations. Makes continuing appropriations for FY 1984 for continuing certain FY 1983 foreign assistance and related programs. Makes continuing appropriations for FY 1984 for continuing the following activities under the terms, conditions, and rates for operations of FY 1983: (1) health planning activities; (2) National Research Service Awards; (3) the National Arthritis Advisory Board, National Diabetes Advisory Board, and National Digestive Diseases Advisory Board; (4) Medical Library assistance programs; (5) refugee and entrant assistance activities (including assistance to Cuban and Haitian entrants); (6) child abuse prevention and treatment and adoption opportunities activities; (7) rehabilitation and handicapped research activities; (8) Professional Standards Review Organization activities; (9) Domestic Volunteer Service activities; (10) activities under title II of the Trade Act of 1974; (11) emergency feed activities; and (12) activities of the Department of Defense, Army National Guard and Army Reserve operation and maintenance and National Guard and Reserve equipment procurement. Makes continuing appropriations for FY 1984 for certain projects or activities (not otherwise covered by this joint resolution) provided for in H.R. 3222, the Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriation Act, 1984, as reported to the House on June 3, 1983. Specifies certain allocations and prohibitions on the use of funds. Provides for disaster relief assistance to eligible farmers and ranchers for the preservation and maintenance of foundation herds of livestock and poultry. Prohibits the obligation or expenditure of funds for peacekeeping activities in Lebanon by U.S. armed forces after 60 days following enactment of this joint resolution unless the President submits to Congress certain reports on such activities as required by the War Powers Resolution.
Bill· SS. 1867 (98th)referred
United States · United States Congress · 21 September 1983
Amends the Older Americans Act of 1965 to increase the authorization of appropriations for FY 1983 and 1984 for the surplus commodities program. Provides additional sums as may be necessary for FY 1984 to maintain the level of reimbursement for the number of meals served under the program in FY 1983. Prohibits reimbursement to a State under the program unless the State submits final reimbursement claims for meals within 90 days after the last day of the month for which the reimbursement is claimed.
Bill· HRH.R. 3946 (98th)referred
United States · United States Congress · 21 September 1983
Amends the Internal Revenue Code to allow a deduction from gross income of $1,000 for each dependent who has attained the age of 55 and is a member of the taxpayer's household. Increases the deduction to $2,000 for dependents who are blind or bedridden.
Bill· SS. 1857 (98th)open
United States · United States Congress · 20 September 1983
Amends the Internal Revenue Code to allow income tax deductions for contributions to private foundations on the same basis as contributions to public charities (deductible up to 50 percent of the taxpayer's adjusted gross income). Redefines "lineal descendants" to include only children and grandchildren, for purposes of private foundation penalty tax rules dealing with substantial contributors. Provides that private foundation gifts to public charities do not forfeit their tax deductibility due to the disqualification of the charity's tax exemption if: (1) the gift is made before the Secretary of the Treasury publishes a notice of disqualification or before the foundation receives actual notice of disqualification; (2) and the foundation was not responsible or aware of the charity's change in status. Exempts a private foundation from expenditure responsibility requirements if such foundation and all related foundations contribute no more than $25,000 in grants during a taxable year. Permits the Secretary to abate first tier penalty taxes on private foundations if it is determined that a violation of private foundation rules was due to a reasonable cause and not to intentional disregard to rules and regulations, and was corrected within the statutory correction period.
Bill· SS. 1864 (98th)open
United States · United States Congress · 20 September 1983
Amends the Internal Revenue Code to provide that the Tax Court, the U.S. Claims Court, or a U.S. district court may issue a declaratory judgment in a case brought by an executor involving the extent to which an estate is eligible for the extension of time for payment of the estate tax where the estate consists largely of an interest in a closely held business. Provides that such a judgment shall be a final judgment or decree and shall be reviewable. Requires the exhaustion of all administrative remedies within the Internal Revenue Service before a judgment may be issued. Prohibits the levy or proceeding in court for the collection of tax on an estate until final declaratory judgment is rendered. Requires the filing of an appeals bond for an appeal of a declaratory judgment on the extension of time for payment of the estate tax. Allows the U.S. Court of Appeals and the Supreme Court to impose damages for frivolous or groundless appeals. Imposes a negligence penalty on an estate for underpayment of tax where a court determines that such an estate does not qualify for an extension of time for payment of estate tax.
Bill· HRH.R. 3916 (98th)open
United States · United States Congress · 19 September 1983
Amends the Internal Revenue Code to make technical corrections with respect to the application after 1983 of the percentage depletion allowance to oil and natural gas resulting from secondary or tertiary processes.
Bill· SS. 1844 (98th)open
United States · United States Congress · 15 September 1983
Aviation Tax-Reduction Act of 1983 - Amends the Internal Revenue Code to exempt from the gasoline excise tax any gasoline sold for use as a fuel in an aircraft. Provides for adjustments to the excise tax on noncommercial aviation fuel (presently 12 cents per gallon on gasoline and 14 cents per gallon on jet fuel). Sets forth a formula for the calculation of such adjustments based on total amounts appropriated from the Aviation Trust Fund each fiscal year. Exempts from the special fuels excise tax any fuel used in aircraft involved in agricultural activities. Provides for adjustments to: (1) the passenger ticket tax; (2) the cargo waybill tax; and (3) the excise tax on aircraft tires and tubes.
Bill· HRH.R. 3901 (98th)open
United States · United States Congress · 15 September 1983
Amends the Internal Revenue Code to provide that tax-exempt interest shall not be taken into account in determining the amount of social security benefits subject to tax.
Bill· HRH.R. 3907 (98th)referred
United States · United States Congress · 15 September 1983
Equity Capital Formation Incentive Act of 1983 - Amends the Internal Revenue Code to allow an income tax deduction to corporations engaged in market making activities (purchase and sale of certain stocks) for additions to the reserve for gains for such market making activities. Disallows such deduction if: (1) the additions to the reserve exceed 30 percent of the fair market value of average positions carried for market activities during the taxable year; or (2) at the end of the taxable year the reserve exceeds $1,000,000. Sets forth definitions and special rules.
Bill· HRH.R. 3910 (98th)referred
United States · United States Congress · 15 September 1983
Amends the Internal Revenue Code to set $15,000 as the base amount for purposes of computing the amount of unemployment compensation includible in the gross income of a surviving spouse or head of household.
Bill· SS. 1840 (98th)open
United States · United States Congress · 14 September 1983
Small Business Capital Formation and Inventory Simplification Tax Act of 1983 - Amends the Internal Revenue Code to allow certain small business corporations an income tax deduction for dividends paid during the taxable year. Limits such deduction to $250,000. Requires that such dividends be paid in cash, be pro rata, and not be in redemption or liquidation. Disallows such deductions for: (1) certain insurance companies; (2) regulated investment companies and real estate trusts; (3) certain domestic corporations with operations in Puerto Rico; (4) domestic international sales corporations; (5) cooperatives; and (6) certain service corporations. Disallows such deductions for corporations which pay 20 percent or more of their dividends to tax-exempt organizations or certain trusts. Eliminates the qualification requirement for the last-in, first-out (LIFO) method of accounting that a taxpayer use no inventory method for financial reporting or credit purposes other than the LIFO method. Allows a taxpayer who adopts the LIFO method to spread increases in taxable income attributable to such change over a ten-year period. Allows an election by small businesses which use the dollar method of pricing inventories under the LIFO method and which have average annual receipts of $4,000,000 or less for the three taxable years ending with the year of election to use one inventory pool for any trade or business. Permits a wholesaler or retailer who uses such method to elect the use of inventory pools based on the applicable Government price index categories for all items of inventory. Allows the use of such index categories in the pricing of inventories under such dollar-value methods. Allows an election to use a link chain or index method to compute the LIFO value of dollar-value pool without regard to suitability or practicality of any other method. Repeals the requirement, with respect to liquidation plans adopted after December 31, 1983, that a corporation inventorying goods under the LIFO method treat the LIFO recapture amount with respect to distributed inventory assets as ordinary income. Allows an election by small businesses which are at least half- owned by active participants in the trade or business and which have average annual gross receipts of $1,500,000 or less for the three taxable years ending with the year of election to use the cash receipts and disbursements method of accounting without regard to any inventory requirements. Increase to 80 percent the rate of the capital gains tax deduction for new issues of domestic corporate stock which are held by a taxpayer for at least five years. Eliminates the dollar limitation on the amount of used property for which the investment tax credit is allowable.
Law· HRH.R. 3871 (98th)enacted
United States · United States Congress · 13 September 1983
Amends the Omnibus Budget Reconciliation Act of 1982 to prohibit the provision changing the figure used in determining the hourly pay rates for Federal employees from taking effect before the effective date of the comparability increase in such pay rates for FY 1984.
Bill· HRH.R. 3865 (98th)referred
United States · United States Congress · 13 September 1983
Amends the Internal Revenue Code to allow employers a business expense deduction for an award to an employee in the form of a right to choose an item of personal property from a catalogue.