Records whose title is actually about this topic. Use a country filter if the list is still too broad.
Records
Bill· HRH.R. 3499 (99th)referred
United States · United States Congress · 3 October 1985
Amends the Internal Revenue Code to exclude from gross income any interest credited on a deposit or account in a bank or other financial institution if such interest cannot be withdrawn because of a bankruptcy or other insolvency proceeding. Treats as an ordinary loss any loss of amounts on deposit in an account of a bank or other financial institution on account of the bankruptcy or insolvency of such bank or financial institution. Allows an income tax deduction as a bad debt any loss of amounts on deposit in an account of a bank or other financial institution on account of the bankruptcy or insolvency of such bank or financial institution.
Bill· HRH.R. 3495 (99th)referred
United States · United States Congress · 3 October 1985
Amends the Internal Revenue Code to allow, at the election of the taxpayer, an income tax deduction for foreign income, war profits, and excess profits taxes paid in connection with construction contract services rendered in the United States which are directly related to a construction project located in a foreign country. Requires that any amounts taken for such deduction shall not be taken into account for purposes of the foreign tax credit.
Bill· HRH.R. 3494 (99th)referred
United States · United States Congress · 3 October 1985
Amends the Internal Revenue Code to provide that gross income from technical contract services (engineering, architectural design, project management, estimating, scheduling, construction planning, etc.) shall be considered the same as other intangibles for purposes of determining the source of income within or without the United States.
Bill· HRH.R. 3497 (99th)referred
United States · United States Congress · 3 October 1985
Amends the Internal Revenue Code to allow an individual taxpayer a $40 income tax deduction from gross income for each pint of blood donated during the taxable year to a qualified blood collection organization by the taxpayer or any dependent of the taxpayer. Limits the number of deductible blood donations per individual to six per year.
Bill· HRH.R. 3493 (99th)referred
United States · United States Congress · 3 October 1985
Taxpayers' Bill of Rights - Requires the Secretary of the Treasury to prepare, for distribution to taxpayers, brief but comprehensive statements which set forth in nontechnical terms: (1) the rights and obligations of taxpayers during an audit; (2) the procedures by which a taxpayer may appeal any adverse decision of the Internal Revenue Service (IRS); (3) the procedures for prosecuting refund claims and filing of taxpayer complaints; and (4) the procedures which the IRS may use in enforcing the internal revenue laws. Requires a copy of such statement to accompany any tax forms sent to taxpayers. Extends permanently the authority to award court costs, attorney fees, and other fees to a prevailing party in civil tax cases. (Present law terminates such authority as of December 31, 1985.) Provides for a civil action against IRS employees for any deprivation of rights, privileges, or immunities secured by the Constitution or laws of the United States. Establishes within the Department of the Treasury an Office of the Ombudsman to provide assistance to individuals in their dealings with the Department of the Treasury (including the IRS). Requires the IRS, upon a taxpayer's request, to: (1) conduct any interview regarding a deficiency assessment in the taxpayer's residence or place of business, at a reasonable time convenient to the taxpayer; and (2) allow a taxpayer to make a recording of such interview at his own expense and with his own equipment. Requires the officer or employee conducting such interview to warn the taxpayer that: (1) he or she has the right to remain silent; (2) any statement he or she makes may be used against him or her; and (3) he or she has the right to the presence of an attorney or a certified public accountant. Prohibits the use of amounts collected pursuant to audits or investigations of taxpayer returns as a basis for the evaluations of the IRS personnel who participated in such audits or investigations.
Bill· HJRESH.J.Res. 414 (99th)referred
United States · United States Congress · 3 October 1985
Constitutional Amendment - Prohibits Federal outlays in any fiscal year (excluding outlays for repaying debt principal) from exceeding: (1) total estimated receipts for that fiscal year (excluding receipts derived from borrowing); or (2) a specified percentage of the gross national product (GNP) for the most recent 12-month period for which the President may determine such amount. Provides that the applicable percentage of GNP shall be 23 percent, 22 percent, 21 percent, and 20 percent for the first, second, third, and each subsequent fiscal year, respectively, to which this article applies. Permits the Congress to supersede such prohibition and provide for a specific excess of outlays only by passing, by a two-thirds vote of each House, a bill which becomes law. Directs the President, before each fiscal year, to transmit to the Congress a proposed statement of receipts and outlays for such year consistent with this article. Prohibits total receipts for any fiscal year as set forth in an adopted statement from increasing, except as a result of an increase in national income, unless a bill providing for specific additional receipts is passed by a two-thirds vote of each House of Congress and such bill becomes law. Permits the Congress to waive this article for any fiscal year for which a declaration of war is in effect.
Resolution· HRESH.Res. 284 (99th)referred
United States · United States Congress · 3 October 1985
Expresses the sense of the House of Representatives that tax legislation should be enacted to provide for the payment of at least a minimum level of taxes by corporations and individuals on the broadest feasible definition of income to ensure that all of those with economic income will pay tax, and that the resulting revenues be used to reduce individual income tax rates and to increase the threshold amounts for tax payments by individuals.
Resolution· HRESH.Res. 285 (99th)referred
United States · United States Congress · 3 October 1985
Expresses the sense of the House of Representatives that any tax reform legislation adopted should not repeal the investment tax credit.
Bill· SS. 1731 (99th)referred
United States · United States Congress · 2 October 1985
Requires the Director of the Office of Management and Budget to assure that no more than 25 percent of any Federal agency's budget authority for a fiscal year may be obligated in the last quarter of such year. Permits departures from such requirement if necessary to avoid disruption. Requires the Director to report to the Congress on action taken pursuant to this Act and on any departures. Exempts any reserves established and any other actions taken to satisfy this Act from specified reporting requirements of the Impoundment Control Act of 1974.
Bill· SS. 1722 (99th)open
United States · United States Congress · 1 October 1985
Amends the Internal Revenue Code to eliminate the current requirement that statements regarding the payment of dividends, patronage dividends, or interest must be sent out to recipients by a separate first class mailing. Requires the Secretary of the Treasury to report to the Congress on suitable means for distributing such information to recipients.
Bill· SS. 1718 (99th)open
United States · United States Congress · 1 October 1985
Amends the Internal Revenue Code to permit the deductibility of business expenses of attending conventions in Bermuda. Requires the existence of a presidential certification to the effect that the inclusion of Bermuda is in the national security interest and that the administration and enforcement of the U.S. tax laws is not materially impeded by Bermuda's information exchange policies. Deletes the provision stating that an exchange of information agreement need not provide for the exchange of qualified confidential information which is sought for civil tax purposes if certain conditions are met.
Bill· HRH.R. 3469 (99th)referred
United States · United States Congress · 1 October 1985
Child Health Incentives Reform Plan - 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· HRH.R. 3462 (99th)referred
United States · United States Congress · 1 October 1985
Requires the President to transmit to the Congress for FY 1987 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. Requires that any such alternate budget proposals for a fiscal year include a comprehensive plan to balance the Federal budget. Requires the Committee on the Budget of each House to report by April 15 of every year a balanced budget for the upcoming fiscal year. Requires the Committee on the Budget of either House also to report a comprehensive plan to balance the Federal budget, if it determines that a balanced budget is inappropriate for any fiscal year.
Bill· HRH.R. 3471 (99th)referred
United States · United States Congress · 1 October 1985
Superfund Revenue Reauthorization Act of 1985 - Amends the Internal Revenue Code to reduce the environmental excise tax on petroleum from 0.79 cent per barrel to 0.17 cent per barrel. Extends such tax from September 30, 1985, to September 30, 1990. Allows for an earlier suspension of such tax if the unobligated balance in the Hazardous Substance Superfund exceeds specified levels. Revises the rate of the environmental excise tax imposed on certain chemicals. Imposes such tax on additional chemicals not presently taxed. Provides for annual inflation adjustments in the amount of such tax. Allows an exemption from such tax for chemicals sold for export. Sets forth special rules and certain exemptions for specified chemicals. Repeals the present environmental excise tax on hazardous waste. Amends the Hazardous Substance Response Revenue Act of 1980 and the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA) to repeal provisions relating to the Post-Closure Liability Trust Fund. Imposes an environmental excise tax on any imported substance which is directly and substantially manufactured or produced from raw materials or feedstocks consisting of one or more taxable chemicals. Imposes an environmental excise tax on: (1) the receipt of hazardous waste at a qualified waste management unit; and (2) the receipt of hazardous waste for transport from the United States for the purpose of ocean disposal. Sets forth the rate of such tax. Provides that such tax shall be paid: (1) by the owner or operator of the qualified hazardous waste management unit for land disposal; or (2) by the person holding the permit for transport for ocean disposal. Terminates such tax after September 30, 1990. Exempts from such tax any receipt of hazardous waste pursuant to any removal or remedial action under CERCLA if such action is approved by the Administrator of the Environmental Protection Agency. Exempts such removal or remedial action taken under the Solid Waste Disposal Act. Allows a credit or refund of such tax for any hazardous waste which undergoes qualified treatment. Provides for a credit or refund where there have been multiple taxable events with respect to any hazardous waste. Imposes an environmental excise tax on the generator of hazardous waste if no tax have been imposed on the receipt of such waste within the 270-day period beginning on the day after such waste was generated. Sets forth certain definitions. Requires persons responsible for the payment of such environmental taxes to submit such information to the Secretary of the Treasury as may be required by regulation. Sets forth penalties for failure to provide such information. Imposes an environmental excise tax at a rate of .14 percent based on the FICA taxes the corporation is required to deduct and to pay during the year. Allows a credit against this tax based on the export sales percentage of the prior year's surtax imposed by this provision. Establishes within the Treasury the Hazardous Substance Superfund (Superfund). Transfers to such Superfund amounts equivalent to: (1) revenues raised by environmental excise taxes; (2) amounts recovered on behalf of the Superfund under CERCLA; (3) amounts recovered or collected under certain provisions of the Clean Water Act; (4) certain penalties assessed under CERCLA; and (5) certain punitive damages assessed under CERCLA. Authorizes expenditures from such Superfund to carry out certain purposes specified in CERCLA. Limits the liability of the United States for any claim filed against the Superfund to the amount in such Superfund. Authorizes appropriations to such Superfund for FY 1986 through 1990. Provides that the Superfund shall be treated for all purposes of law as a continuation of the Hazardous Substance Response Trust Fund as established by the Hazardous Substance Response Revenue Act of 1980.
Bill· HRH.R. 3467 (99th)referred
United States · United States Congress · 1 October 1985
Superfund Revenue Act of 1985 - Amends the Internal Revenue Code to extend the environmental excise tax on petroleum from September 30, 1985, to September 30, 1990. Allows for an early suspension of such tax if the unobligated balance in the Hazardous Substance Response Trust Fund (Superfund) exceeds specified levels. Authorizes appropriations under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 for the Superfund for FY 1981 through 1990. Imposes a Superfund surcharge tax on all domestic and foreign corporations and partnerships carrying on trade or business activities within the United States. Determines the tax liability based on four categories of trade or business activities: (1) chemical and allied products or petroleum refining and related industries; (2) rubber and miscellaneous plastic products, primary metal industries, or fabricated metal products; (3) manufacturing; and (4) the provision of services. Calculates the amount of surtax based on the size of the taxpayer's workforce. Sets forth procedures for determining the total number of employees in the taxpayer's workforce and rules for allocation of the total work force among the taxpayer's various business activities. Sets forth definitions and special rules. Requires taxpayers to file returns with respect to such surtax. Provides that agencies of the Federal, State, or local governments will be exempt from the Superfund surcharge tax to the extent that the entity generates no more than 1000 kilograms per month of hazardous waste. Provides that organizations exempt from Federal income tax are exempt from the surcharge tax (except to the extent that such organizations are carrying on an unrelated trade or business). Exempts the manufacture of exported good and services from the Superfund surcharge tax. Provides a mechanism for the rebate of the Superfund surcharge tax at the United States border in the case of exports by taxpayers. Imposes an import equalization fee on the importation of products and services in an amount reflecting the average price increase in domestically-produced products and services attributable to the Superfund surcharge tax. Specifies procedures for computing the equalization fee. Permits the Secretary of the Treasury to suspend the Superfund surcharge if the Secretary determines that more than $10,100,000,000 will be credited to the Superfund before September 30, 1990. Allows for reductions and increases in the surcharge under specified circumstances. Terminates the Superfund surcharge tax on December 31, 1990. Amends the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 to allow funds to be advanced to the Superfund. Establishes limitations on such advances.
Bill· HRH.R. 3458 (99th)referred
United States · United States Congress · 1 October 1985
Amends the Internal Revenue Code to provide that in the case of a retroactive termination of the community under applicable community property laws relating to divorce or separate maintenance, an item earned by one spouse shall not be includible in the gross income of the other spouse, if the other spouse: (1) did not receive an interest in the item of income under the decree; and (2) did not exercise control over the item of income earned on or after the date on which the community was terminated.
Resolution· HRESH.Res. 282 (99th)passed
United States · United States Congress · 1 October 1985
Waives points of order against the consideration of H.R. 3327 (military construction operations).
Bill· HRH.R. 3453 (99th)passed
United States · United States Congress · 30 September 1985
Amends the Internal Revenue Code to extend the termination of the environmental excise tax on petroleum (Superfund taxes) for 45 days from September 30, 1985, to November 14, 1985.
Bill· SS. 1712 (99th)passed
United States · United States Congress · 26 September 1985
Amends the Tax Equity and Fiscal Responsibility Act of 1982 to extend the termination date for the increase in the excise tax on cigarettes from October 1, 1985, to November 15, 1985.
Bill· HRH.R. 3432 (99th)referred
United States · United States Congress · 26 September 1985
Amends the Internal Revenue Code to permit the deductibility of business expenses of attending conventions in Bermuda. Requires the existence of a presidential certification to the effect that the inclusion of Bermuda is in the national security interest and that the administration and enforcement of the U.S. tax laws is not materially impeded by Bermuda's information exchange policies. Deletes the provision stating that an exchange of information agreement need not provide for the exchange of qualified confidential information which is sought for civil tax purposes if certain conditions are met.
Bill· HRH.R. 3430 (99th)referred
United States · United States Congress · 26 September 1985
Taxpayer Protection Act - Amends the Internal Revenue Code to subject the Internal Revenue Service (IRS), in the collection of taxes, to provisions of the Fair Debt Collection Practices Act regarding communication and harassment in connection with debt collection. Prohibits the publication of any tax deficiency which has not been adjudged to be payable by a competent court. Permits individual taxpayers to bring a civil action in a U.S. district court for damages resulting from collection practices prohibited by this Act. Requires a Federal court order before property of a taxpayer may be levied upon for the collection of tax. Specifies that a showing of fraud or malfeasance or a misrepresentation, for purposes of modifying or reconsidering a closing agreement between an individual taxpayer and the Secretary of the Treasury, shall be taken into account only if such a showing or misrepresentation is determined by a competent court. Prohibits the Secretary from consenting to extend for more than one year the period for assessment of the income tax liability of any individual taxpayer. Requires the Secretary to prepare, for distribution to taxpayers, brief but comprehensive statements which set forth in nontechnical terms: (1) the rights and obligations of taxpayers during an audit; (2) the procedures which the IRS may use in enforcing revenue laws; and (3) the procedures by which a taxpayer may appeal adverse decisions, prosecute refund claims, and file taxpayer complaints. Requires a copy of such statement to accompany any tax forms sent to taxpayers. Prescribes criminal penalties for: (1) any investigation by employees of the United States in connection with Federal tax laws which inquires into the beliefs, associations, or activities of any individual or organization; or (2) the maintenance of any records containing information derived from such an investigation. Creates a civil cause of action for any taxpayer aggrieved by a prohibited investigation or by the deprivation of any civil rights. Permits the award of a judgment of costs, including reasonable attorney's fees, to a prevailing taxpayer in any proceeding before the Tax Court. Makes binding on the Secretary: (1) a tax return prepared for the taxpayer by an officer or employee of the IRS acting in his official capacity to provide such assistance; and (2) written information or advice given to the taxpayer by such an officer or employee acting in his official capacity. Places the burden of proof in administrative and judicial proceedings involving the IRS and a taxpayer upon the IRS. Directs that all property of taxpayers, for purposes of the estate and gift tax, be valued at historical cost (original cost to the taxpayer or the basis of the property if it was not purchased). Prohibits the use in IRS personnel evaluations of amounts collected pursuant to audits or investigations. Precludes the Secretary from exercising any enforcement authority over churches or certain other organizations. Prohibits the audit of any group of taxpayers unless the Secretary has first met certain notice requirements or permitted members of the group to file an amended return. Sets forth conditions which must be met by the IRS before any action is taken to interfere with the property rights of a taxpayer. Requires the IRS, before securing the records of or personal data concerning any taxpayer, to: (1) notify the taxpayer in writing of the demand, the material sought, and the need for the material; (2) have commenced an action in a competent court against the taxpayer; and (3) have justified its need before the court consistent with the discovery rules of the Federal Rules of Civil Procedure. States that the IRS shall have no authority, in enforcing the tax obligations of any person, which conflicts with rights and privileges granted under the Constitution.
Resolution· HRESH.Res. 274 (99th)referred
United States · United States Congress · 26 September 1985
Expresses the sense of the House of Representatives that no legislation should be enacted which would limit the ability of State and local governments to issue tax-exempt obligations for public purposes, tax the interest on such obligations, or eliminate further the ability of financial institutions to deduct the costs of purchasing or carrying such obligations.
Resolution· HRESH.Res. 276 (99th)referred
United States · United States Congress · 26 September 1985
Expresses the sense of the House of Representatives that any tax reform legislation should not impose a tax on the annual increase in the value of permanent life insurance.
Resolution· HRESH.Res. 275 (99th)referred
United States · United States Congress · 26 September 1985
Expresses the sense of the House of Representatives that the House should reject any tax reform proposal which contains specified provisions affecting the forest products industry.
Resolution· HRESH.Res. 273 (99th)referred
United States · United States Congress · 26 September 1985
Expresses the sense of the House of Representatives with respect to recommendations made by the administration to reject any recommendation to remove the tax-exempt status of credit unions.
Resolution· HCONRESH.Con.Res. 197 (99th)referred
United States · United States Congress · 26 September 1985
Expresses the sense of the Congress that certain retirement savings plans should be preserved for both taxable and tax-exempt organizations and such plans should remain structured in a manner that will provide incentives for employers and employees to continue the availability and participation in such plans.
Resolution· SRESS.Res. 233 (99th)referred
United States · United States Congress · 24 September 1985
Expresses the sense of the Senate that any tax reform legislation adopted by the Congress should not remove the tax-exempt status for private purpose State and local bond obligations.
Bill· HRH.R. 3420 (99th)referred
United States · United States Congress · 24 September 1985
Amends the Internal Revenue Code to provide that self-employed individuals may deduct the amounts contributed to an accident or health plan for compensation to such individual for personal injury or sickness. Prohibits any deduction for any contribution made as an employee of any person.
Bill· SS. 1688 (99th)open
United States · United States Congress · 20 September 1985
Amends the Internal Revenue Code to include obligations issued for supplemental State student loan programs within the definition of qualified student loan bonds for purposes of the existing State volume limitations on tax-exempt debt instruments.
Bill· HRH.R. 3397 (99th)open
United States · United States Congress · 20 September 1985
Amends the Internal Revenue Code to repeal the provisions which provide that a regulated investment company does not qualify for conduit treatment (no taxation at the corporate level) if 30 percent or more of its gross income is derived from the sale (or other disposition) of stock or securities held for less than three months. Expands the definition of permitted income of regulated investment companies to provide that "securities" has the same meaning as it does under the Investment Company Act of 1940. Provides that foreign currency gains are included in the definition of qualifying income as well as other income with respect to a regulated investment company's business of investing in stocks, securities, or income from gains from options or futures contracts. Provides that each separate portfolio in a series fund will be treated as a separate corporation for purpose of eligibility for conduit treatment of a regulated investment company. Extends to 60 days the period for mailing various notices to shareholders of regulated investment companies. Expands the definition of "third-party recordkeepers" to include regulated investment companies with respect to certain protections in connection with summonses that are served for obtaining records.
Bill· HRH.R. 3399 (99th)referred
United States · United States Congress · 20 September 1985
Amends the Older Americans Act of 1965 to increase the amounts authorized to be appropriated for FY 1985 through 1987, for the surplus commodities program. Repeals the authority of the Secretary of Agriculture to reduce the cents-per-meal level.
Bill· HRH.R. 3392 (99th)referred
United States · United States Congress · 20 September 1985
Makes supplemental appropriations for FY 1985 for aid to Mexico for: (1) agricultural commodities supplied through Public Law 480; (2) international disaster assistance. Amends the Foreign Assistance Act of 1961 to authorize additional appropriations for FY 1985 for assistance to the victims of the earthquake in Mexico.
Resolution· HRESH.Res. 268 (99th)referred
United States · United States Congress · 20 September 1985
Expresses the sense of the House of Representatives that employee benefits should not be taxed.
Bill· SS. 1661 (99th)open
United States · United States Congress · 19 September 1985
Amends the Internal Revenue Code to exempt from the excise tax on transportation by air any transportation by helicopter if such helicopter: (1) does not use federally assisted facilities; (2) is primarily used for purposes of providing emergency medical services; and (3) is owned or leased by a nonprofit health care facility and is operated exclusively under the control of such facility.
Bill· HRH.R. 3379 (99th)referred
United States · United States Congress · 19 September 1985
Family Education Assistance Act of 1985 - 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, books, meals, lodging, travel, and personal expenses) at an institution of higher education or a vocational school of a child or another person with respect to whom the individual has been appointed guardian. Sets the maximum amount of the deductions for any taxable year at $1,000 for one eligible student, or $2,000 for two or more eligible students. Provides that the sum of the contributors' deductions may not exceed $1,000 annually per eligible student. Disallows deductions made before January 1, 1990, to an education savings account established for the benefit of an individual who has attained age 22 before the close of the calendar year in which such contribution is made. Disallows deductions made on or after January 1, 1990, to an account for the benefit of an individual who has attained age 19 before the close of the calendar year in which such contribution is made. Provides that no account may have more than one beneficiary and that no individual may be the beneficiary of more than one account. Requires assets in an education savings account be distributed after the individual for whose benefit the account is established attains age 27. Includes distributions from an education savings account in the gross income of the recipient except for: (1) distributions used to pay educational expenses; (2) distributions to another education savings account or to an eligible educational institution; and (3) excess contributions returned before the due date of the return of the individual making the excess contribution. Provides that an education savings account is exempt from taxation except for the tax on unrelated business income. Revokes the tax exemption of the account where the individual for whose benefit the account is established or an individual who contributed to such account engages in certain prohibited transactions with the account. Imposes a penalty tax of ten percent on the distribution of amounts which are improperly used. Requires the trustee of an education savings account to file reports with the Secretary of the Treasury on the maintenance of the account. Imposes a penalty for failure to file required reports. Extends the deduction for contributions to an education savings account to taxpayers who do not otherwise itemize deductions. Provides that contributions to an education savings account are not subject to the gift tax.
Bill· HRH.R. 3389 (99th)referred
United States · United States Congress · 19 September 1985
Amends the Internal Revenue Code to deny tax exemptions to, and income tax, estate tax, and gift tax deductions for contributions to, religious organizations having a substantial interest in the promotion of witchcraft.
Bill· HRH.R. 3366 (99th)referred
United States · United States Congress · 19 September 1985
Amends the Internal Revenue Code to include obligations issued for supplemental State student loan programs within the definition of qualified student loan bonds for purposes of the existing State volume limitation on tax-exempt debt instruments.
Bill· SS. 1656 (99th)open
United States · United States Congress · 18 September 1985
Amends the Internal Revenue Code to allow an amortization deduction, based on a period of 60 months, for bus operating authorities held by the taxpayer on November 19, 1982, or acquired under a binding contract in effect on that date.
Bill· HRH.R. 3348 (99th)referred
United States · United States Congress · 18 September 1985
Amends the Internal Revenue Code to allow an income tax credit for retraining expenses for individuals who are unemployed. Sets the amount of such credit at 50 percent of an individual's retraining expenses up to a limit of $1,000. Sets forth rules for the carryback and carryforward of such income tax credit. Defines "retraining expenses" as: (1) any tuition or fees for an eligible training program at a qualified institution; (2) expenses for books, supplies, or equipment; and (3) any other expenses directly related to participation in such a training program (other than food, lodging, or travel).
Bill· SS. 1652 (99th)open
United States · United States Congress · 17 September 1985
Amends the Internal Revenue Code to make permanent the tax exclusion for amounts received under qualified group legal services plans.
Law· HJRESH.J.Res. 388 (99th)enacted
United States · United States Congress · 17 September 1985
Makes continuing appropriations for FY 1986 for projects or activities for which funds or authority would be available under the Agriculture, Rural Development, and Related Agencies Appropriation Act, 1986, the Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriation Act, 1986, the District of Columbia Appropriation Act, 1986, the Energy and Water Development Appropriation Act, 1986, the Department of Housing and Urban Development--Independent Agencies Appropriation Act, 1986, the Department of the Interior and Related Agencies Appropriation Act, 1986, the Legislative Branch Appropriation Act, 1986, the Department of Transportation and Related Agencies Appropriation Act, 1986, and the Treasury, Postal Service, and General Government Appropriation Act, 1986. Specifies applicable funding levels and limitations on authority. Makes continuing appropriations for FY 1986, under current terms and conditions and at rates not exceeding current rates, for projects and activities for which provision was made in the Foreign Assistance and Related Programs Appropriation Act, 1985, the Military Construction Appropriation Act, 1985, the Departments of Labor, Health and Human Services, and Education, and Related Agencies Appropriation Act, 1985, and specified provisions of the Department of the Interior and Related Agencies Appropriations Act, 1985, concerning natural disaster activities. Makes appropriations for continuing activities which were conducted in FY 1985 and for which provision was made in the Department of Defense Appropriation Act, 1985, under current terms and conditions and at rates not exceeding current rates. Specifies restrictions on defense procurement (including MX missile procurement). Prohibits the use of any such appropriations or authority for any project or activity for which funds or authority were not available during FY 1985. Provides that funds and authority provided by this Act shall remain available until: (1) enactment of an appropriation for a specified project or activity; (2) enactment of the applicable appropriation Act by both Houses without any provision for such project or activity; or (3) November 14, 1985, whichever comes first.
Bill· HRH.R. 3312 (99th)referred
United States · United States Congress · 13 September 1985
Amends the Internal Revenue Code to allow an income tax deduction for State and local taxes on gasoline and other motor fuels.
Bill· SS. 1632 (99th)open
United States · United States Congress · 12 September 1985
Amends the Internal Revenue Code to provide that for an employer's contribution to a group health plan to be deductible, the option of electing continuation coverage must be given each qualified beneficiary who would lose coverage because of: (1) the death of the covered employee; (2) the divorce or separation of the covered employee from the employee's spouse; or (3) the covered employee's becoming entitled to Medicare benefits. Defines the election period and describes the terms of continuation coverage.
Bill· HRH.R. 3301 (99th)open
United States · United States Congress · 12 September 1985
Amends the Internal Revenue Code to grant tax-exempt status to corporations or trusts which acquire and manage real property for certain other tax-exempt organizations. Sets forth certain criteria to be met by such corporations and trusts in order to qualify for tax-exempt status. Exempts such corporations or trusts from the application of the acquisition indebtedness rules applicable to the unrelated business income of tax-exempt organizations.
Bill· HRH.R. 3292 (99th)referred
United States · United States Congress · 12 September 1985
Eliminates the requirement that individuals who are owner-employees with pension or profit-sharing plans (Keogh plans) must file a specified informational return (form 5500-c) in order to comply with certain provisions of the Internal Revenue Code. Requires the Secretary of the Treasury to prescribe a simplified information return.
Bill· HRH.R. 3303 (99th)referred
United States · United States Congress · 12 September 1985
Amends the Internal Revenue Code to provide that special rules relating to the treatment of loans with below-market interest rates shall not apply to loans made to foreign governments.
Bill· HRH.R. 3293 (99th)referred
United States · United States Congress · 12 September 1985
Amends the Internal Revenue Code to establish a base amount of $16,000 for purposes of determining the taxable amount of social security benefits in the case of married individuals filing separate income tax returns. (Present law sets such base amount at zero.)
Bill· HRH.R. 3277 (99th)referred
United States · United States Congress · 11 September 1985
Amends the Internal Revenue Code to provide that expenditures for the construction, reconstruction, or relocation of new railroad grading and tunnel bores in designated Federal disaster areas shall be treated as five-year property for purposes of the deductions under the accelerated cost recovery system and eligible for the general business tax credit. Provides that amounts received from business interruption insurance used to construct replacement track and for related tunnel bore and grading expenditures will be treated as amounts realized from the involuntary conversion of property to which no gain or loss is recognized.
Bill· HJRESH.J.Res. 380 (99th)referred
United States · United States Congress · 11 September 1985
Makes continuing appropriations for FY 1986 for projects or activities for which funds or authority would be available under the Agriculture, Rural Development, and Related Agencies Appropriation Act, 1986, the Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriation Act, 1986, the District of Columbia Appropriation Act, 1986, the Energy and Water Development Appropriation Act, 1986, the Department of Housing and Urban Development--Independent Agencies Appropriation Act, 1986, the Department of the Interior and Related Agencies Appropriation Act, 1986, the Legislative Branch Appropriation Act, 1986, and the Treasury, Postal Service, and General Government Appropriation Act, 1986. Specifies applicable funding levels and limitations on authority. Makes continuing appropriations for FY 1986, under current terms and conditions and at rates not exceeding current rates, for projects and activities for which provision was made in the Foreign Assistance and Related Programs Appropriation Act, 1985, the Military Construction Appropriation Act, 1985, the Departments of Labor, Health and Human Services, and Education, and Related Agencies Appropriation Act, 1985, specified provisions of the Department of the Interior and Related Agencies Appropriations Act, 1985, concerning natural disaster activities, and the Department of Transportation and Related Agencies Appropriation Act, 1985. Makes appropriations for continuing activities which were conducted in FY 1985 and for which provision was made in the Department of Defense Appropriation Act, 1985, under current terms and conditions and at rates not exceeding current rates. Specifies restrictions on defense procurement (including MX missile procurement). Prohibits the use of any such appropriations or authority for any project or activity for which funds or authority were not available during FY 1985. Provides that funds and authority provided by this Act shall remain available until: (1) enactment of an appropriation for a specified project or activity; (2) enactment of the applicable appropriation Act by both Houses without any provision for such project or activity; or (3) November 14, 1985, whichever comes first. Directs the Secretary of Agriculture, pending enactment of general farm legislation, to: (1) provide for nonrecourse loans on agricultural commodities at such levels as will reflect a fair return to the farm producer above the cost of production; (2) provide for payment by the purchaser, rather than by appropriation, for commodities sold for domestic use; and (3) issue regulations to enable producers of any agricultural commodity to vote to limit their production to the volume estimated to be needed for domestic consumption, to maintain the pipeline, and to regain and retain by competitive sales their normal share of the world market.
Resolution· HRESH.Res. 263 (99th)passed
United States · United States Congress · 11 September 1985
Sets forth the rule for the consideration of H.R. 2266 (Amtrak funding).