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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 1984

Records

Bill· SS. 2908 (98th)open

A bill to correct a flaw in the UBTI provisions of the Internal Revenue Code.

United States · United States Congress · 6 August 1984

Amends the Internal Revenue Code to provide that income derived by congressionally chartered organizations and certain nonprofit organizations from the rental or exchange of mailing lists with another nonprofit organization shall not be considered unrelated business taxable income.

Bill· SS. 2905 (98th)open

A bill to amend the Internal Revenue Code of 1954 to provide that distilled spirits originally distilled from cane in Puerto Rico or the Virgin Islands shall be exempt from restrictions imposed with respect to the cover over of excise tax revenues and to allow the full excise tax on distilled spirits to be covered over to the possessions.

United States · United States Congress · 3 August 1984

Amends the Internal Revenue Code to exempt from the restrictions imposed with respect to the rebate of excise tax revenues any distilled spirits originally distilled from cane in Puerto Rico or the Virgin Islands. Allows the full excise tax on distilled spirits to be rebated to Puerto Rico and the Virgin Islands.

Bill· SS. 2903 (98th)open

A bill to amend the Internal Revenue Code of 1954 to provide that restrictions on the allowance for depreciation and the investment credit for property leased by a tax-exempt entity not apply to certain correctional facilities leased by State and local governments.

United States · United States Congress · 2 August 1984

Amends the Internal Revenue Code to provide that restrictions on the allowance for depreciation and the investment tax credit for property leased by a tax-exempt entity shall not apply to certain correctional facilities leased by State and local governments.

Bill· HRH.R. 6073 (98th)referred

A bill to amend the Internal Revenue Code of 1954 to provide that consolidated returns may not be filed by certain corporations which are dominant in any market with respect to any product.

United States · United States Congress · 2 August 1984

Amends the Internal Revenue Code to provide that consolidated returns may not be filed by any corporation which is determined by the Secretary of the Treasury to be a disqualified oligopolistic corporation. Defines "disqualified oligopolistic corporation" as any corporation which: (1) has more than $250,000,000 in gross receipts for the taxable year; and (2) derives more than $100,000,000 in gross receipts for such year from the sale of any product if such sales account for ten percent or more of the total market in any relevant market area.

Bill· HRH.R. 6066 (98th)referred

A bill to require that the President transmit to the Congress, and that the congressional Budget Committees report, a balanced budget for each fiscal year.

United States · United States Congress · 2 August 1984

Requires the President to transmit to Congress for FY 1986 and each fiscal year thereafter a balanced budget. Permits the transmittal of alternate budget proposals which, if implemented, would result in a deficit or surplus if the President determines that a balanced budget is inappropriate for any fiscal year. Urges the President to submit to the House and the Senate, not later than September 30, 1984, a comprehensive plan to balance the Federal budget. Requires the Committee on the Budget of each House to report, by April 15, 1985, and by April 15 of each year, a balanced budget for the upcoming fiscal year. Requires the chairmen of the budget committees and an individual designated by the President to meet from time to time and agree upon common economic and technical estimating assumptions which shall be used for the preparation and reestimation of the President's budget. Establishes a commission which shall: (1) review, with respect to FY 1986, the balanced budget proposal submitted by the President and the budgets reported by the Committees on the Budget; (2) study the effectiveness of the provisions of this Act in achieving balanced Federal budgets; and (3) make recommendations for further changes which may be necessary to achieve balanced Federal budgets. Requires the commission to transmit to the President and Congress a report not later then December 31, 1986, containing a detailed statement of its findings, conclusions, and recommendations for such legislation and administrative actions as it considers appropriate. Terminates the commission 30 days after the submission of such report.

Bill· SS. 2894 (98th)open

A bill to amend the Internal Revenue Code of 1954 to clarify the application of the imputed interest and interest accrual rules in the case of sales of residences, farms, and real property used in a trade or business.

United States · United States Congress · 31 July 1984

Amends the Internal Revenue Code to reduce the rate of imputed interest for: (1) the first $250,000 of the sale price of residential property sold by an individual; (2) the first $1,500,000 of the sale price of farm property sold by an individual, partnership, estate or small business corporation; and (3) the first $500,000 of the sale price of real property associated with the sale of a trade or business.

Bill· SS. 2893 (98th)open

A bill to amend the Internal Revenue Code of 1954 to repeal the limitation on the aggregate face amount of private activity bonds, and for other purposes.

United States · United States Congress · 31 July 1984

Amends the Internal Revenue Code to repeal the limitation on private activity bonds and the restriction on the use of industrial development bonds to acquire existing facilities. Extends from 1986 to 1988 the small issue industrial development bond exceptions for non-manufacturing facilities.

Bill· SS. 2869 (98th)open

A bill to amend the Internal Revenue Code of 1954 to provide an income tax credit for expenses incurred by an individual taxpayer for the purchase of television subtitle equipment to be used by a hearing-impaired individual.

United States · United States Congress · 26 July 1984

Amends the Internal Revenue Code to allow an income tax credit in an amount equal to 50 percent of expenses incurred for the purchase and installation of television subtitle equipment to be used by a hearing-impaired individual. Limits the amount of such credit to $250 ($125 in the case of a married individual filing a separate return).

Bill· HRH.R. 6029 (98th)referred

A bill to amend the Internal Revenue Code of 1954 to provide an income tax credit for expenses incurred by an individual taxpayer for the purchase of television subtitle equipment to be used by a hearing-impaired individual.

United States · United States Congress · 26 July 1984

Amends the Internal Revenue Code to allow an income tax credit in an amount equal to 50 percent of expenses incurred for the purchase and installation of television subtitle equipment to be used by a hearing-impaired individual. Limits the amount of such credit to $250 ($125 in the case of a married individual filing a separate return).

Bill· HRH.R. 6021 (98th)referred

A bill to repeal the changes made by the Tax Reform Act of 1984 with respect to the tax treatment of debt instruments issued for property.

United States · United States Congress · 25 July 1984

Amends the Internal Revenue Code to repeal rules relating to the determination of the issue price of certain debt instruments issued for property. Amends the Tax Reform Act of 1984 to repeal the revisions made to rules for the imputation of interest on certain deferred payments. Provides that the Internal Revenue Code shall be applied and administered as if such revisions had not been enacted.

Bill· HRH.R. 6006 (98th)open

A bill to amend the Internal Revenue Code of 1954 to provide that distilled spirits originally distilled from cane in Puerto Rico or the Virgin Islands shall be exempt from restrictions imposed with respect to the cover over of excise tax revenues and to allow the full excise tax on distilled spirits to be covered over to the possessions.

United States · United States Congress · 23 July 1984

Amends the Internal Revenue Code to exempt from the restrictions imposed with respect to the rebate of excise tax revenues any distilled spirits originally distilled from cane in Puerto Rico or the Virgin Islands. Allows the full excise tax on distilled spirits to be rebated to Puerto Rico and the Virgin Islands.

Bill· SS. 2833 (98th)open

A bill to limit to the national median family income the amount of farm loss which may be deducted against nonfarm income by high income taxpayers in competition with full-time, family-sized farm operators.

United States · United States Congress · 29 June 1984

Amends the Internal Revenue Code to limit the deductions of a taxpayer attributable to farming to the sum of: (1) the gross income of such taxpayer from the trade or business of farming for such taxable year, plus; (2) an amount equal to the national median family income for the previous year. Excludes from this tax-loss limitation those individuals, partnerships, or corporations which receive more taxable income from farm than non-farm sources in three out of the previous seven years. Provides that where the taxpayer engages in more than one trade or business of farming, all such trade or businesses shall be treated as a single trade or business.

Bill· HRH.R. 5973 (98th)open

A bill making appropriations for the Department of the Interior and related agencies for the fiscal year ending September 30, 1985, and for other purposes.

United States · United States Congress · 29 June 1984

Title I: Department of the Interior - Makes appropriations for FY 1985 within the Department of the Interior for the Bureau of Land Management for management of land and resources, construction and access, payments in lieu of taxes, Oregon and California grant lands, range improvements, service charges, deposits and forfeitures, miscellaneous trust funds, and land acquisition. Sets forth uses and limitations of appropriations made to the Bureau of Land Management. Appropriates funds for: (1) the U.S. Fish and Wildlife Service for resource management, construction, anadromous fish, the Migratory Bird Conservation Account, land acquisition, and the National Wildlife Refuge Fund; (2) the National Park Service for the operation of the National Park System, recreation and preservation programs, the Visitor Facilities Fund, the Historic Preservation Fund, construction, land acquisition and State assistance, and the John F. Kennedy Center for the Performing Arts; (3) the Geological Survey for surveys, investigations and research; (4) the Minerals Management Service for leasing and royalty management; (5) the Bureau of Mines for the conduct of inquiries, technological investigations and research of mines and minerals; (6) the Office of Surface Mining Reclamation and Enforcement for regulation and technology, and the Abandoned Mine Reclamation Fund; (7) the Bureau of Indian Affairs for the operation of Indian programs, construction, road construction, Utah Paiute Trust Fund, tribal trust funds, the revolving fund for loans, and the Indian Loan Guaranty and Insurance Fund; (8) the Office of Territorial and International Affairs for administration and for the Trust Territory of the Pacific Islands; and (9) the Secretarial offices, including the Office of the Solicitor for salaries and expenses, the Office of Construction Management, and the Office of the Inspector General. Sets forth the uses and limitations on appropriations made available by this title. Makes such appropriations available for expenditure or transfer for the emergency reconstruction, replacement, or repair of aircraft, buildings, utilities, or other facilities or equipment damaged or destroyed by fire, flood, storm, or other unavoidable causes. Makes funds available for the suppression or emergency prevention of forest or range fires on or threatening lands under the Department of the Interior jurisdiction, for emergency rehabilitation of burned-over lands, emergency actions related to earthquakes or volcanoes, and emergency reclamation projects. Makes appropriations available for the operation of warehouses, garages, shops, and similar facilities, whenever consolidation of activities all contribute to efficiency or economy. Makes appropriations available for the hire, maintenance, and operation of aircraft, hire of passenger motor vehicles, purchase or reprints, payment for telephone service in private residences in the field, and the payment of certain dues when authorized by the Secretary of the Interior. States that no funds available to the Department of the Interior are available for any expenses of the Great Hall of Commerce. Prohibits the use of funds for the procurement, leasing, bidding, exploration, or development of certain lands within the Department of the Interior Central and Northern California Planning Area. Prohibits the use of funds for the preparation for, or conduct of, pre-leasing and leasing activities of lands within a certain area of the Outer Continental Shelf off the coastline of Massachusetts. Prohibits the use of appropriated funds to finance the changing of the name of Mount McKinley. Makes available appropriations to provide insurance on official motor vehicles, aircraft, and boats operated by the Department of the Interior in Canada and Mexico. Prohibits the use of funds for the lease sale of certain tracts within the Department of Interior Southern California Planning Area. Prohibits the use of funds for any land exchanges or other actions which lead to the alteration, deletion, or diminution of land, resources thereon, or rights and interests therein, within any conservation system unit, National Recreation Area or National Conservation Area as defined or designated by the Alaska National Interest Lands Conservation Act. Prohibits the use of funds to sell or exchange, or to propose to sell or exchange, lands owned by the United States within a unit of the U.S. National Wildlife Refuge System or the National Park System. Prohibits the use of funds to detail any employee to an organization for longer than two weeks except on a reimbursable basis unless in connection with an Office of Personnel Management approved training program. Title II: Related Agencies - Makes appropriations for FY 1985 for the Department of Agriculture for the Forest Service for forest research, State and private forestry, the National Forest System, construction, land acquisition, Youth Conservation Corps, Range Betterment Fund, acquisition of land for national forests, and miscellaneous trust funds. Makes appropriations for the Department of Energy for fossil energy research and development (including transfer of funds), naval petroleum and oil shale reserves, energy conservation, economic regulation, the Energy Information Administration, and the SPR Petroleum Account. Makes appropriations to the Department of Health and Human Services for the Health Services Administration for Indian health services and facilities. Appropriates funds to: (1) the Department of Education for the Office of Elementary and Secondary Education for Indian education; (2) the Navajo and Hopi Relocation Commission for salaries and expenses; (3) the Smithsonian Institution for salaries and expenses; (4) museum programs and related research; (5) construction and improvements at the National Zoological Park; (6) restoration and renovation of buildings owned or occupied by the Smithsonian Institution; (7) salaries and expenses of the National Gallery of Art; and (8) salaries and expenses of the Woodrow Wilson International Center for Scholars. Makes appropriations for the National Foundation on the Arts and the Humanities for: (1) salaries and expenses and matching grants for the National Endowment for the Arts and the National Endowment for the Humanities; (2) the Institute of Museum Services; (3) salaries and expenses for the Commission of Fine Arts, the Advisory Council on Historic Preservation, the National Capital Planning Commission, the Franklin Delano Roosevelt Memorial Commission, the Pennsylvania Avenue Development Corporation for salaries and expenses and public development activities and projects; (4) the Federal Inspector for the Alaska Gas Pipeline for permitting and enforcement; and (5) the Holocaust Memorial Council. Title III: General Provisions - Limits procurement contracts for consulting services obtained through appropriations made by this Act to those contracts where expenditures are a matter of public record. Prohibits the use of appropriations by the Secretaries of Agriculture and of the Interior for the sale of unprocessed timber from Federal lands which will be exported from the United States or which will be used as a substitute for timber from private lands which is exported by the purchaser. Prohibits the Secretaries of the Interior and Agriculture from using such funds for leasing of oil and natural gas by noncompetitive bidding on public lands within the Shawnee National Forest, Illinois. Prohibits the use of such funds for any activity that tends to promote public support or opposition to legislative proposals on which congressional action is incomplete. Prohibits the use of funds to enter into additional contracts pursuant to OMB Circular A-76 until certain studies are completed. Declares that no part of any appropriation contained in this Act shall remain available for obligation beyond the current fiscal year unless expressly so provided herein. Provides that none of the funds appropriated to any department or agency shall be obligated or expended to provide a personal cook, chauffeur, or other personal servants to any officer or employee of such department or agency. Provides that none of the funds appropriated in this Act shall be obligated for any aspect of the processing or issuance of permits or leases pertaining to exploration for or development of coal, oil, gas, oil shale, phosphate, potassium, sulphur, gilsonite, or geothermal resources on Federal lands within any component of the National Wilderness Preservation System or within any Forest Service RARE II areas recommended for wilderness designation or allocated to further planning. Prohibits the use of funds in this Act to evaluate, consider, process, or award oil, gas or geothermal leases on Federal lands in the Mount Baker-Snoqualmie National Forest, State of Washington. Prohibits assessments from being levied against any program, budget activity, or project funded by this Act. Provides that employment funded by this Act shall not be subject to any personnel ceiling or other personnel restriction for permanent or other than permanent employment except as provided by law. Prohibits the use of funds provided for land acquisition to acquire lands for more than the approved appraised value, except for condemnations and declarations of taking, without the written approval of the Appropriations Committees. Authorizes the Secretaries of the Interior, Agriculture, and Energy and the Smithsonian Institution to enter into contracts with State and local governments for procurement of services in the presuppression, detection, and suppression of fires.

Bill· HRH.R. 5975 (98th)referred

Tax Status of Space Act

United States · United States Congress · 29 June 1984

Tax Status of Space Act - Provides that activities performed in space for U.S. persons on any spacecraft owned by U.S. persons and articles produced in space primarily for sale or use within the United States shall be treated as activities performed within and articles produced within the United States for purposes of the Internal Revenue Code and the Tariff Schedules of the United States.

Bill· HRH.R. 5979 (98th)referred

A bill to amend the Internal Revenue Code of 1954 to deny the deduction for interest on indebtedness incurred to acquire corporations if the President determines that use of debt for corporate acquisitions should be discouraged.

United States · United States Congress · 29 June 1984

Amends the Internal Revenue Code to deny to a corporate taxpayer the deduction for interest on indebtedness incurred to acquire stock or assets of another corporation if the President determines that the use of debt for corporate acquisitions should be discouraged.

Bill· SS. 2822 (98th)open

A bill to amend section 483 of the Internal Revenue Code of 1954 to provide that such section shall not apply to certain sales and exchanges of real property located in the United States used as a farm or in a closely held business.

United States · United States Congress · 28 June 1984

Amends the Internal Revenue Code to exempt the sale or exchange of land used as a farm or in a closely held business from rules requiring the imputation of interest on certain deferred payments.

Bill· SS. 2814 (98th)open

Pediatric Preventive Health Care Incentive Tax Act

United States · United States Congress · 28 June 1984

Pediatric Preventive Health Care Incentive Tax Act - Amends the Internal Revenue Code to deny employers an income tax deduction for group health plan expenses unless such plan includes coverage for pediatric preventive health care. Defines "pediatric preventive health care" for purposes of qualification for such income tax deduction.

Bill· SS. 2810 (98th)open

Passbook Savings Incentive Act of 1984

United States · United States Congress · 28 June 1984

Passbook Savings Incentive Act of 1984 - Amends the Internal Revenue Code to exclude from gross income up to $5,000 ($10,000 for joint returns) of the interest earned on a passbook savings account.

Bill· HRH.R. 5940 (98th)referred

A bill to increase in 4 steps the maximum annual dollar amount limitation on deductions allowed under the Internal Revenue Code of 1954 for contributions to an individual retirement account of a spouse, to repeal the requirement that deductions for such contributions shall be allowed only if such spouse had no compensation for the taxable year, and to such provide that the amount of the limitation on the deduction allowed for such contributions shall be computed on the basis of the combined compensation of a husband and wife.

United States · United States Congress · 27 June 1984

Amends the Internal Revenue Code to: (1) increase in four steps the maximum annual dollar amount limitation on deductions for contributions to an individual retirement account of a spouse; (2) repeal the requirement that deductions for such contributions shall be allowed only if such spouse had no compensation for the taxable year; and (3) provide that the limitation on the deduction allowed for such contributions shall be computed on the basis of the combined compensation of a husband and wife.

Bill· SS. 2791 (98th)open

Organ Transplant Contributions Act of 1984

United States · United States Congress · 26 June 1984

Organ Transplant Contributions Act of 1984 - Amends the Internal Revenue Code to allow taxpayers to designate on their income tax returns a contribution of any portion of their income tax refund or any cash contribution voluntarily forwarded with their returns to support the National Organ Transplant Trust Fund. Establishes within the Treasury the National Organ Transplant Trust Fund. Appropriates to such trust fund an amount equal to the amount designated on tax returns for the fund. Directs the Secretary of Health and Human Services to promulgate regulations which will establish an organ transplantation program. Directs the Secretary to authorize payments from the trust fund on behalf of eligible individuals to pay costs of organ transplantation procedures, both preoperatively and postoperatively. Defines "eligible individual" as an individual who, as determined by the Secretary, has a life-threatening medical condition for which a transplant procedure is reasonably medically necessary and who has no source of payment for an organ transplantation procedure.

Bill· SS. 2793 (98th)open

An original bill making appropriations for foreign assistance and related programs for the fiscal year ending September 30, 1985, and for other purposes.

United States · United States Congress · 26 June 1984

Title I: Multilateral Economic Assistance - Makes appropriations for FY 1985 for the U.S. contribution to the: (1) International Bank for Reconstruction and Development; (2) International Development Association; (3) Inter-American Development Bank; (4) Asian Development Bank; (5) African Development Fund; and (6) African Development Bank. Limits the callable capital subscriptions of the United States to the: (1) International Bank for Reconstruction and Development; (2) Inter-American Development Bank; (3) Asian Development Bank; and (4) African Development Bank. Makes appropriations for FY 1985 for international organizations and programs. Prohibits making any such funds available to the United Nations Fund for Science and Technology. Requires such funds to be allocated in a specified manner. Title II: Bilateral Economic Assistance - Makes appropriations for FY 1985 for: (1) agriculture, rural development, and nutrition programs; (2) population planning; (3) health programs; (4) education and human resources development; (5) energy resources development; (6) science and technology programs; (7) the Private Sector Revolving Fund; (8) American schools and hospitals abroad; (9) international disaster assistance; (10) the Sahel development program, (but limits appropriations to ten percent of the total contributions to the program); (11) overseas training and special development activities (foreign currency program); (12) Foreign Service Retirement and Disability Fund; (13) Economic Support Fund, with specified amounts earmarked for Israel, Egypt, El Salvador, Cyprus, and Central America; (14) peacekeeping operations; (15) operating expenses of the Agency for International Development, with a limit on the amount that may be used for foreign affairs administrative support; (16) the trade credit insurance program; (17) trade and development programs; (18) housing and other credit guaranty programs provided that such amounts shall be available to discharge guarantees extended before enactment of this Act; (19) international narcotics control; (20) the Inter-American Foundation; (21) the African Development Foundation; (22) the Overseas Private Investment Corporation; (23) the Peace Corps, provided none of the funds are used to pay for abortions; (24) migration and refugee assistance, provided none of the funds shall be used to assist in the migration to the Western Hemisphere of any person not having a security clearance based on reasonable standards to insure against Communist infiltration in the Western Hemisphere and provided that only a limited amount of the funds shall be available for the administrative expenses of the Office of Refugee Programs of the State Department; and (25) anti-terrorism assistance. Requires that at least 20 percent of the obligational authority provided for the first seven programs shall be available for loans for the current fiscal year. Prohibits any of the population planning funds from being made available to: (1) the World Health Organization's Special Program of Research, Development and Research Training in Human Reproduction; (2) any country which includes as part of its population planning programs coerced abortion; and (3) any organization which includes as part of its population planning programs coerced abortion. Title III: Military Assistance - Makes appropriations for FY 1985 for: (1) military assistance programs; (2) international military education and training; (3) foreign military credit sales programs; and (4) the Guarantee Reserve Fund. Authorizes a specified amount to be made available to the Special Defense Acquisition Fund for FY 1985. Earmarks specified amounts of the foreign military credit sales for Israel and Egypt. Provides that specified amounts of the credits made available to Israel shall be earmarked for research and development activities in the United States for the Lavi program and for the procurement in Israel of defense articles and services. Limits the gross obligations for the principal amount of direct loans under the foreign military sales credit program to a specified amount. Provides for the enactment of a section in a specified bill which authorizes the President to charge all eligible entities the additional costs that are incurred when the United States provides defense training. Requires that foreign military sales credits extend under this Act for Greece for FY 1985 shall be at the same interest rate as credits extended for Turkey for FY 1985. Title IV: Export-Import Bank of the United States - Authorizes the Export-Import Bank to make such expenditures within the limits of funds and borrowing authority available to the Bank and to make such contracts and commitments without regard to fiscal year limitations as may be necessary in carrying out the program set forth in the current fiscal year budget provided none of such funds may be used for the export of nuclear equipment, fuel, or technology except to specified countries. Limits the FY 1985 gross obligations for the principal amount of direct loans and the total commitment to guarantee loans. Prohibits the amount authorized for direct loans from being available for obligation or disbursement before October 1, 1985. Limits the amount that shall be available for administrative expenses during the current fiscal year. Title V: General Provisions - Sets forth general provisions governing the use of funds appropriated by this Act, including: (1) a prohibition against using such funds to aid Mozambique unless the President waives this prohibition and reports to Congress that furnishing such assistance would further U.S. foreign policy interests; (2) a prohibition against using such funds to lobby for abortion; (3) a prohibition against using "international organizations and programs" funds for programs for the Palestine Liberation Organization, the Southwest Africa Peoples Organization, Libya, Iran, or Cuba; (4) a requirement that the President submit an annual report to Congress which assesses the degree of support by the government of each foreign country for the foreign policy of the United States and a prohibition against providing assistance to a country which is engaged in a consistent pattern of opposition to U.S. foreign policy; (5) an authorization to Israel to use any loan which is or was made available under the Foreign Assistance Act of 1961 and for which repayment is or was forgiven before using any other loan made available under such Act; (6) a prohibition against using such funds to procure construction or engineering services from certain advanced developing countries which are internationally competitive and which are not receiving Economic Support Fund or development assistance; and (7) a requirement that the President make specified reports to specified congressional committees on any international agreement entered into between the United States and El Salvador regarding the use of local currencies generated from Economic Support Fund assistance or from the sale of agricultural commodities under the Agricultural Trade Development and Assistance Act of 1954. Expresses the sense of the Senate that the Economic Support Fund assistance provided to Israel should not be less than the annual debt repayment from Israel to the United States.

Bill· HRH.R. 5933 (98th)referred

A bill to amend the Internal Revenue Code of 1954 to clarify the definition of geothermal energy, and for other purposes.

United States · United States Congress · 26 June 1984

Amends the Internal Revenue Code to define "geothermal energy" as the natural heat of the Earth at any temperature. (Present regulations require that such heat must exceed a specified temperature.) Qualifies for the residential energy tax credit and the investment tax credit for energy property an energy system which uses both geothermal energy and another energy source not eligible for such credits if geothermal energy provides more than 80 percent of the energy for such system. Qualifies for the investment tax credit for energy property an energy system which uses both geothermal energy and another energy source eligible for such credit (such as biomass, solar, wind, ocean thermal, or hydroelectric) if the combination of such energy sources provides more than 80 percent of the energy for such system. Provides that in the case of a taxpayer who claimed a geothermal credit on a return for any taxable year beginning before January 1, 1984, in reliance on the advice of an employee of the Internal Revenue Service that such credit would be allowable, the amendments made by this section shall apply for purposes of determining whether such credit is allowable.

Bill· HRH.R. 5934 (98th)referred

A bill to revise the basis for issuing notices of deficiency and determining the judicial review of "oil item" issues under the Crude Oil Windfall Profit Tax Act of 1980.

United States · United States Congress · 26 June 1984

Amends the Internal Revenue Code to provide that the issuance of notices of tax due with respect to a single oil-producing property in any given year does not preclude the issuance of a notice of deficiency with respect to other oil-producing properties of the same taxpayer. Provides that an "oil item" issue under the Crude Oil Windfall Profit Tax Act of 1980 shall be treated as a "partnership item" for purposes of applying the judicial review procedures.

Bill· HRH.R. 5907 (98th)referred

A bill to allow the State of Wisconsin to use the proceeds of veterans' mortgage bonds for the purpose of acquiring or replacing mortgages of veterans who were unable to obtain veterans' bond financing because of a court challenge to the constitutionality of such State's borrowing power.

United States · United States Congress · 21 June 1984

Allows the State of Wisconsin to use the proceeds of tax-exempt veterans' mortgage bonds for the purpose of acquiring or replacing mortgages of veterans who were unable to obtain veterans' bond financing because of a court challenge to the constitutionality of such State's borrowing power.

Resolution· HRESH.Res. 533 (98th)passed

A resolution waiving certain points of order against consideration of the bill (H.R. 5899) making appropriations for the government of the District of Columbia and other activities chargeable in whole or in part against the revenues of said District for the fiscal year ending September 30, 1985, and for other purposes.

United States · United States Congress · 21 June 1984

Waives points of order against the consideration of H.R. 5899 (District of Columbia financing).

Resolution· HRESH.Res. 530 (98th)referred

A resolution urging continuation of tax deductibility of residential mortgage interest payments.

United States · United States Congress · 20 June 1984

Expresses the sense of the House of Representatives that the administration should honor the basic Federal obligation to promote affordable and decent housing by retaining the current home mortgage interest deduction as an essential component of an equitable tax system intended to promote national living standards.

Bill· HRH.R. 5886 (98th)open

A bill to authorize appropriations for the American Folklife Center for fiscal years 1985 and 1986.

United States · United States Congress · 19 June 1984

Amends the American Folklife Preservation Act to extend the authorization of appropriations for the American Folklife Center, located at the Library of Congress, through FY 1986. Prohibits any such funds for FY 1985 or FY 1986 from being used for pay, benefits, or other expenses of any personnel position established after the date of enactment of this Act.

Bill· HRH.R. 5894 (98th)open

A bill to extend the period allowed for rollover of gain on the sale of principal residence under section 1034 of the Internal Revenue Code of 1954 in the case of members of the Armed Forces who are stationed outside the United States or are required to reside in Government quarters.

United States · United States Congress · 19 June 1984

Amends the Internal Revenue Code to provide that the suspension of the two year period in which an individual must purchase a new residence for nonrecognition of gain on the sale of an old residence which is granted to members of the armed forces who are stationed overseas or who are required to reside in Government-owned quarters shall be extended to the later of four years after the date of the sale of the old residence (as currently provided) or one year after the date on which the taxpayer is no longer stationed overseas or required to reside in Government-owned quarters.

Bill· HJRESH.J.Res. 596 (98th)referred

A joint resolution making an urgent supplemental appropriation for the Department of Labor for the fiscal year ending September 30, 1984.

United States · United States Congress · 18 June 1984

Makes a supplemental appropriation for FY 1984 to the Department of Labor's Employment and Training Administration (under the category of "training and employment services") for the summer youth employment and training program. Requires allocation of such funds to States so that each service delivery area composed (in whole or in part) of a geographic area served by a prime sponsor under the Comprehensive Employment and Training Act receives, as nearly as possible, an amount equal to at least 90 percent of the amount received for the comparable geographic area for the summer youth program under such Act for the summer of 1983.

Bill· HRH.R. 5879 (98th)referred

A bill for the relief of the Harrison School Project in Roanoke, Virginia.

United States · United States Congress · 15 June 1984

Provides that obligations issued by the Virginia Housing Development Authority on June 30, 1982, to provide financing for the Harrison School Project of Roanoke, Virginia, shall be treated as tax-exempt industrial development bonds if 75 percent or more of the proceeds of such issue are used to provide residential rental property for low-or moderate-income individuals.

Bill· HRH.R. 5880 (98th)referred

A bill to amend section 459 of the Social Security Act to provide for the enforcement of support obligations of any individual employed by an employer located on a Federal enclave or any other area of Federal jurisdiction.

United States · United States Congress · 15 June 1984

Amends part D (Child Support and Establishment of Paternity) of title IV of the Social Security Act to provide that remuneration paid by an employer located on a Federal enclave shall be subject to legal process brought to enforce child support or alimony obligations in the same manner as if the employer were not so located.

Bill· HRH.R. 5864 (98th)referred

Medical Research Checkoff Act of 1984

United States · United States Congress · 14 June 1984

Medical Research Checkoff Act of 1984 - Amends the Internal Revenue Code to allow taxpayers to designate one dollar of their income tax payments to be paid over to the National Institutes of Health Medical Research Trust Fund, to be established in the Treasury by this Act. Appropriates to such trust fund an amount equal to the amount designated on tax returns. Requires the Secretary of the Treasury, after consulting with the Secretary of Health and Human Services, to establish within the trust fund an account for each institute established within the National Institutes of Health.

Bill· HRH.R. 5841 (98th)referred

Progressive Consumption Tax Act of 1984

United States · United States Congress · 13 June 1984

Progressive Consumption Tax Act of 1984 - Title I: Progressive Consumption Tax - Amends the Internal Revenue Code to repeal the individual income tax. Imposes in lieu of the individual income tax a progressive tax on the taxable consumption of the taxpayer. Imposes separate progressive rates for: (1) married individuals filing joint returns and surviving spouses; (2) heads of households; (3) unmarried individuals; (4) married individuals filing separate returns; and (5) estates and trusts. Repeals the minimum tax for tax preferences, the tax on accumulated corporate surpluses, and the tax on personal holding companies. Repeals the corporate income tax. Imposes in lieu of the corporate income tax a tax of 30 percent on the taxable consumption of every corporation. Imposes a minimum tax on corporations which accumulate certain levels of surplus income. Imposes the progressive consumption tax on the net income of the taxpayer less any amounts added to savings or any decrease of indebtedness during that year, minus the standard deduction or other deductions allowed. Provides that social security contributions shall be treated as an increase to savings. Provides a $200 tax credit in lieu of a deduction for the personal exemptions. Repeals specified income tax credits, deductions, and exclusions. Includes in gross income, for purposes of the progressive consumption tax, the following items of income: (1) prizes and awards; (2) the cost of group-term life insurance purchased for employees; (3) employment compensation; (4) social security and tier one railroad retirement benefits; and (5) gifts, bequests, devises, and inheritances. Limits the income tax deduction for interest paid to that interest which is related to a trade or business, investment activity, or property which is the principal residence of the taxpayer. Repeals the income tax deduction for real and personal property taxes. Limits the amount of the income tax deduction for charitable contributions to five percent of the taxpayer's adjusted gross income. Modifies the deduction for medical expenses and casualty losses. Repeals the limitations on the allowance of capital losses. Makes the provisions of this Act effective for taxable years beginning after December 31, 1985. Title II: Modification of Estate and Gift Taxes - Repeals the amount of the unified tax credit against the estate tax applicable in 1987. Repeals the gift tax.

Resolution· HRESH.Res. 520 (98th)passed

A resolution providing for the consideration of the bill (H.R. 5399) to authorize appropriations for fiscal year 1985 for intelligence and intelligence-related activities of the United States Government, the Intelligence Community Staff, and the Central Intelligence Agency Retirement and Disability System, and for other purposes.

United States · United States Congress · 13 June 1984

Sets forth the rule for the consideration of H.R. 5399 (intelligence activities funding).

Bill· HRH.R. 5821 (98th)referred

A bill to amend the Internal Revenue Code of 1954 to allow taxpayers to disregard certain retroactive administrative and judicial interpretations of such code.

United States · United States Congress · 12 June 1984

Amends the Internal Revenue Code to provide that certain retroactive administrative or judicial interpretations of the Internal Revenue Code may be disregarded if a taxpayer's treatment of any tax item has a reasonable basis in law as of the date such item is taken into account.

Bill· HRH.R. 5807 (98th)referred

A bill to amend the Internal Revenue Code of 1954 to clarify the treatment of travel expenses in the case of construction workers.

United States · United States Congress · 7 June 1984

Amends the Internal Revenue Code to allow construction workers to take an income tax deduction for travel expenses incurred while away from home in pursuit of a trade or business if: (1) the job site is at least 30 miles from the residence of the construction worker; and (2) the job site is a temporary job site or a remote job site.

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