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Bill· HRH.R. 4171 (111th)referred
United States · United States Congress · 2 December 2009
TARP Sunset and Fiscal Responsibility Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to terminate, on December 31, 2009 (as under current law), the authority of the Secretary of the Treasury to implement the Troubled Asset Relief Program (TARP). Repeals the Secretary's authority to extend the TARP program through October 3, 2010, upon submission of a written certification to Congress. Requires all funds repaid, and profits paid, to the Secretary by TARP recipients to be used to pay down the national debt. Reduces the statutory limit on the public debt to $700 billion minus the amount of troubled assets purchased by the Secretary under TARP outstanding on December 31, 2009.
Bill· HRH.R. 4184 (111th)referred
United States · United States Congress · 2 December 2009
Amends the Internal Revenue Code to make permanent the tax deduction for qualified tuition and related expenses.
Bill· HRH.R. 4174 (111th)referred
United States · United States Congress · 2 December 2009
Tax Relief for Business Growth and Sustainability Act of 2009 - Makes the general terminating date of the Economic Growth and Tax Relief Reconciliation Act of 2001 (i.e., December 31, 2010) inapplicable to its estate and gift tax provisions, except for the repeal of the carryover basis. Amends the Internal Revenue Code to: (1) allow a permanent increase (to $5 million) in the estate tax exclusion and a reduction in the maximum estate tax rate to 35%; (2) increase to $5 million the estate tax deduction for interests in family-owned businesses; (3) allow an estate tax deduction, up to $2 million, of the value of the principal residence of a decedent; (4) increase from 50 to 100% the exclusion from gross income of gain from the sale or exchange of qualified small business stock held for more than 5 years; (5) eliminate gain from the sale of qualified small business stock in calculating the alternative minimum tax (AMT); and (6) repeal the requirement that federal, state, and local governmental entities withhold 3% of payments due to vendors providing goods and services to such entities.
Bill· HRH.R. 4179 (111th)referred
United States · United States Congress · 2 December 2009
Shortening Hours and Retaining Employees Credit Act of 2009 or the SHARE Credit Act of 2009 - Amends the Internal Revenue Code to allow employers a refundable tax credit for wage subsidies paid to employees whose hours are reduced in accordance with a qualified work share program (i.e., a written employer plan under which employees work fewer hours without a reduction in pay). Limits the amount of such credit to the lesser of $3,000 per employee or 10% of the wages for periods in which an employee's hours are reduced under a work share program.
Bill· HRH.R. 4169 (111th)referred
United States · United States Congress · 2 December 2009
Tax Technical Corrections Act of 2009 - Makes technical and clerical corrections to the Internal Revenue Code, including corrections to provisions enacted by: (1) the American Recovery and Reinvestment Tax Act of 2009; (2) the Energy Improvement and Extension Act of 2008; (3) the Tax Extenders and Alternative Minimum Tax Relief Act of 2008; (4) the Housing Assistance Tax Act of 2008; (5) the Heroes Earnings Assistance and Relief Tax Act of 2008; (6) the Economic Stimulus Act of 2008; (7) the Tax Technical Corrections Act of 2007; and (8) the Energy Tax Incentives Act of 2005.
Bill· HRH.R. 4186 (111th)referred
United States · United States Congress · 2 December 2009
Amends the Internal Revenue Code to extend through 2011 the classification of certain farming business machinery and equipment as five-year property for purposes of the tax deduction for depreciation.
Bill· HRH.R. 4172 (111th)referred
United States · United States Congress · 2 December 2009
Requires the penalty for taxpayers who voluntarily disclose unreported income from offshore bank accounts to be equal to the penalty imposed upon Timothy Geithner, the Secretary of the Treasury, for his failure to pay self-employment taxes on his compensation from the International Monetary Fund.
Resolution· HRESH.Res. 941 (111th)passed
United States · United States Congress · 2 December 2009
Sets forth the rule for consideration of the bill (H.R. 4154) to amend the Internal Revenue Code of 1986 to repeal the new carryover basis rules in order to prevent tax increases and the imposition of compliance burdens on many more estates than would benefit from repeal, to retain the estate tax with a $3,500,000 exemption.
Bill· SS. 2822 (111th)referred
United States · United States Congress · 1 December 2009
Small Business Expensing Permanency Act - Amends the Internal Revenue Code to increase (to $250,000) and make permanent the limitation on expensing of depreciable business assets, including computer software.
Bill· HRH.R. 4168 (111th)open
United States · United States Congress · 1 December 2009
Algae-based Renewable Fuel Promotion Act of 2009 - Amends the Internal Revenue Code to: (1) expand the definition of cellulosic biofuel to include algae-based biofuel for purposes of the cellulosic biofuel producer tax credit; and (2) allow accelerated depreciation of property used to produce algae-based biofuel. Defines "algae-based biofuel" as any liquid fuel which is produced from the biomass of an algal organism (i.e., an organism that is primarily aquatic and classified as a non-vascular plant).
Bill· SS. 2816 (111th)referred
United States · United States Congress · 21 November 2009
Adoption Tax Relief Guarantee Act - Exempts provisions expanding the adoption tax credit and adoption assistance programs enacted by the Economic Growth and Tax Relief Reconciliation Act of 2001 from the general terminating (sunset) provisions of that Act. Amends the Internal Revenue Code to allow the tax credit for adoption expenses in the taxable year in which such expenses are paid or incurred.
Bill· SS. 2815 (111th)referred
United States · United States Congress · 20 November 2009
Amends the Heartland Disaster Tax Relief Act of 2008 to extend through 2010 provisions of such Act allowing residents of the Midwestern disaster area to: (1) use amounts from tax-exempt retirement accounts without a tax penalty to purchase a new principal residence or repair an existing one; (2) recontribute amounts withdrawn for such purposes to such accounts; and (3) exclude from gross income income resulting from a cancellation of mortgage indebtedness incurred in such disaster area.
Bill· SS. 2805 (111th)referred
United States · United States Congress · 19 November 2009
Amends the Food and Nutrition Act of 2009 to increase the FY2010 amount for emergency food assistance program commodity purchases.
Bill· SS. 2799 (111th)open
United States · United States Congress · 19 November 2009
Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2009 - Amends the Iran Sanctions Act of 1996 (ISA) to direct the President to impose two or more specified ISA sanctions if a person (defined by such Act to include a natural person, business enterprise, or government entity operating as a business enterprise) has, with actual knowledge, made an investment of $20 million or more, or any combination of investments of at least $5 million which in the aggregate equals or exceeds $20 million in any 12-month period, that directly and significantly contributed to Iran's ability to develop petroleum resources. (Under current law the sanction thresholds are $40 million, $10 million, and $40 million, respectively.) Directs the President to impose specified ISA sanctions on a person that, with actual knowledge, sells or provides goods, services, technology, information, or provides support related to the production of refined petroleum products in Iran: (1) any of which has a fair market value of $200,000 or more; or (2) that during a 12-month period have an aggregate fair market value of $1 million or more. Directs the President to impose specified ISA sanctions on a person that, with actual knowledge: (1) provides Iran with refined petroleum products that have a fair market value of $200,000 or more, or that, during a 12-month period, have an aggregate fair market value of $1 million or more; or (2) sells or provides to Iran certain goods, services, technology, information, or support any of which has a fair market value of $200,000 or more, or that during a 12-month period have an aggregate fair market value of $1 million or more. Sets forth mandatory foreign exchange, banking, and property sanctions for violations of such refined petroleum product production and export prohibitions. Expands the definition of "person" to include a financial institution, insurer, underwriter, guarantor, and any other business organization including a foreign subsidiary, parent, or affiliate, or a governmental entity acting as an export credit agency. Redefines "petroleum resources" to include petroleum, refined petroleum products, oil or liquefied natural gas, natural gas resources, oil or liquefied natural gas tankers, and products used to construct or maintain pipelines used to transport oil or liquefied natural gas. Defines "refined petroleum products" to mean diesel, gasoline, jet fuel (including naphtha-type and kerosene-type jet fuel), and aviation gasoline. Applies specified additional economic sanctions to Iran. Makes a United States person (as defined by this Act) liable for activities conducted by a foreign subsidiary that: (1) was established to circumvent specified U.S. sanctions or statutes regarding Iran; and (2) engages in activities which, if committed in the United States or by a United States person, would violate such provisions. Makes such prohibitions and penalties inapplicable to a United States person that divests or terminates its business from a controlled subsidiary not later than 90 days after enactment of this Act. Prohibits the head of any U.S. executive agency from entering into procurement contracts with an entity that has exported to Iran sensitive communications technology intended to be used to monitor or disrupt free communications to the people of Iran. Urges the President to consider imposing sanctions on the Central Bank of Iran and any other Iranian bank engaged in proliferation activities or support of terrorist groups. Expresses the sense of Congress that: (1) the United States should continue to target Iran's Revolutionary Guard Corps with economic sanctions and counter support for Hezbollah; and (2) the President should work with our allies to impose multilateral sanctions on Iran if diplomatic efforts to end Iran's nuclear activities fail. States that it is U.S. policy to support the decision of state and local governments and educational institutions to divest from, and to prohibit the investment of assets they control in, persons that have investments of $20 million or more in Iran's energy sector. Authorizes a state or local government to adopt and enforce measures to divest its assets from, or prohibit the investment of assets they control in, such persons. Amends the Investment Company Act of 1940 to shield any registered investment company and its directors, officers, employees, or advisors from civil, criminal, or administrative action based upon its divesting from, or avoiding investing in, Iran. Expresses the sense of Congress that a fiduciary of certain employee benefit plans may under specified conditions divest plan assets from, or avoid investing plan assets in, any person who engages in prohibited investment activities in Iran without breaching fiscal responsibilities. Directs: (1) the Secretary of Commerce to designate a country as a Destination of Possible Diversion Concern if such designation is appropriate for activities to strengthen the county's export control systems based on specified criteria; and (2) the United States upon such designation to initiate specified government-to-government activities to strengthen the country's export control systems. Directs the Secretary of Commerce to designate a country as a Destination of Diversion Concern if the country: (1) allows substantial transshipment, reexportation, or diversion of U.S.-originated items to unidentifiable end-users or to entities in Iran; or (2) has failed to cooperate with government-to-government activities or to adequately strengthen its export control systems. Directs the Secretary of Commerce to: (1) report to Congress identifying items that if transshipped, reexported, or diverted Iran could contribute to Iran obtaining nuclear, biological, or chemical weapons, or other defense items or technologies, or could contribute to Iranian support for acts of international terrorism; and (2) require an export license for a listed item to a country designated as a Destination of Diversion Concern. Requires the Director of National Intelligence to report: (1) annually to the Secretaries of Commerce, State, Treasury, and to Congress identifying countries where sensitive U.S. technology is being illegally transshipped to Iran via other countries; and (2) to Congress on whether or not to extend the measures in this title to countries that allow diversion to other countries seeking weapons of mass destruction or supporting international terrorism. Terminates the provisions of this Act 30 days after the date on which the President certifies to Congress that: (1) the government of Iran has ceased supporting acts of international terrorism and no longer satisfies certain requirements for designation as a state sponsor of terrorism; and (2) Iran has ceased the development of nuclear, biological, chemical, and ballistic weapons.
Bill· HRH.R. 4154 (111th)open
United States · United States Congress · 19 November 2009
Permanent Estate Tax Relief for Families, Farmers, and Small Businesses Act of 2009 - Repeals provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) eliminating the tax on estates and generation-skipping transfers and the step-up in basis provisions for property acquired from a decedent for estates of decedents dying after 2009. Declares that the sunset provision (general terminating date of December 10, 2010) of EGTRRA shall not apply to title V of such Act (Estate, Gift, and Generation-Skipping Transfer Tax Provisions). Amends the Internal Revenue Code to allow a $3.5 million estate tax exclusion and a reduction in the maximum estate and gift tax rate to 45% after 2009.
Bill· HRH.R. 4155 (111th)referred
United States · United States Congress · 19 November 2009
Property Assessed Clean Energy Tax Benefits Act of 2009 - Amends the Internal Revenue Code to authorize the issuance of tax-exempt bonds to finance state and local government programs for clean energy improvements in buildings. Defines "clean energy improvements" as any distributed generation renewable energy sources, energy efficiency improvements, or water efficiency improvements which are permanently affixed to a building and result in a 20% savings in energy consumption.
Bill· HRH.R. 4147 (111th)referred
United States · United States Congress · 19 November 2009
Allows commercial airline employees who were participants in a tax-exempt defined benefit pension plan of a commercial airline that was terminated or otherwise restricted to transfer to a traditional individual retirement account (IRA) any amount received from the airline resulting from a bankruptcy proceeding filed after September 11, 2001, and before January 1, 2007. Excludes from the gross income of such employees any such amount received from an airline.
Bill· HRH.R. 4144 (111th)referred
United States · United States Congress · 19 November 2009
Amends the Internal Revenue Code to revise the energy tax credit for investment in combined heat and power system property to: (1) increase the capacity limitations for such property; and (2) expand the definition of such property to include property which produces electrical or mechanical energy from recovered waste energy using back-pressure turbines, rankine, sterling, kalina, or other heat engines.
Bill· HRH.R. 4149 (111th)referred
United States · United States Congress · 19 November 2009
Amends the Internal Revenue Code to allow electric utilities a business-related tax credit for producing and selling specified percentages of renewable electricity generated by wind and solar energy facilities.
Bill· HRH.R. 4133 (111th)referred
United States · United States Congress · 19 November 2009
Amends Internal Revenue Code, with respect to the rehabilitation tax credit, to allow such credit for expenditures to rehabilitate public school property that is leased to a tax-exempt entity.
Bill· HRH.R. 4136 (111th)referred
United States · United States Congress · 19 November 2009
Amends the Harmonized Tariff Schedule of the United States to extend the temporary duty suspensions on certain cotton shirting fabrics. Amends the Tax Relief and Health Care Act of 2006 to require the Secretary of the Treasury to transfer from the Treasury to the Pima Cotton Trust Fund amounts equal to the duties received in the Treasury from certain imported woven fabrics of cotton since January 1, 2004. Extends the authority of the Secretary to make transfers to the Trust Fund for certain annual distributions (duty refunds) to U.S. manufacturers who certify by affidavit to have used such imported cotton in the manufacture of cotton shirts. Requires annual affidavits from shirting manufacturers and from yarn spinners.
Bill· HRH.R. 4130 (111th)referred
United States · United States Congress · 19 November 2009
Share the Sacrifice Act of 2010 - Amends the Internal Revenue Code to impose a temporary income-based surtax beginning after 2010 on the net income tax liability of individual taxpayers, trusts, estates, and corporations to cover federal expenditures for the war in Afghanistan. Exempts members of the Armed Forces who have received combat zone compensation, family members of such members who received a death gratuity on or after September 11, 2001, and taxpayers whose adjusted gross income does not exceed $30,000. Authorizes the President to delay the implementation of such tax for up to one year if the President determines that the U.S. economy is too weak to absorb it.
Bill· HRH.R. 4132 (111th)referred
United States · United States Congress · 19 November 2009
Clean Renewable Water Supply Act of 2009 - Amends the Internal Revenue Code to provide for the issuance, until 2019, of tax-exempt clean renewable water supply bonds to finance certain water recycling, desalination, and groundwater remediation projects that comply with requirements for minimization of environmental impact. Establishes a national clean renewable water supply bond limitation for each of calendar years 2010-2018. Sets forth provsions governing the allocation of such limitation among qualified projects. Directs the Secretary of the Treasury to conduct a study of the method of allocation to determine whether a different method would result in the development of projects to provide new supplies of water in a more efficient manner.
Bill· SS. 2793 (111th)referred
United States · United States Congress · 18 November 2009
Strengthening and Updating Resources and Equipment Act or the SURE Act - Amends the Homeland Security Act to permit grants awarded under the State Homeland Security Grant Program or the Urban Area Security Initiative to be used for maintenance agreements, user fees, or sustainment costs for purchased equipment related to preventing, preparing for, protecting against, and responding to acts of terrorism. Prohibits the Administrator of the Federal Emergency Management Agency (FEMA) from imposing: (1) a limit on the amount of any such award that may be used to pay for equipment purchase and maintenance costs; and (2) any additional limitation, including any fiscal year limitation, on the amount of any such award that may be used for a specific type, purpose, or category of equipment purchase or maintenance cost.
Bill· SS. 2794 (111th)referred
United States · United States Congress · 18 November 2009
Amends the Internal Revenue Code to: (1) increase the tax deduction for charitable contributions of qualified wild game meat by the processing fees paid with respect to such contributions; and (2) exclude from the gross income of meat processors processing fees paid by a charitable organization for the processing of donated wild game meat. Defines "qualified wild game meat" as the meat of any animal typically used for human consumption if: (1) such animal is killed in the wild by the individual making the charitable contribution; and (2) the meat is apparently wholesome and processed in accordance with applicable laws.
Bill· HRH.R. 4109 (111th)referred
United States · United States Congress · 18 November 2009
Low Income Housing Tax Credit Act of 2009 - Amends the Internal Revenue Code, with respect to the low income housing tax credit, to increase the offset of such credit against regular income tax liability and permit a five-year carryback of credit amounts.
Bill· HRH.R. 4112 (111th)referred
United States · United States Congress · 18 November 2009
Amends the Internal Revenue Code to modify the qualification standard for exterior windows (including skylights) and exterior doors for purposes of the tax credit for nonbusiness energy property to require such standard to meet criteria established by the 2010 Energy Star Program.
Bill· HRH.R. 4100 (111th)referred
United States · United States Congress · 18 November 2009
Jumpstarting Our Business Sector Act of 2009 - Amends the Internal Revenue Code to: (1) exclude from gross income in 2009 and 2010 long-term capital gains and dividend income; (2) reduce for a two year period the employment and self-employment tax rates; (3) reduce corporate income tax rates in 2009 and 2010; and (4) reduce the income tax rate for taxpayers in the lowest income tax bracket in 2009 and 2010. Rescinds all unobligated balances of the discretionary appropriations made available by division A of the American Recovery and Reinvestment Act of 2009 (stimulus funds).
Bill· SS. 2783 (111th)referred
United States · United States Congress · 17 November 2009
Amends the Internal Revenue Code to: (1) expand the definition of "qualified refinery" for purposes of the taxpayer election to expense the costs of refinery property to include refineries for processing non-virgin lube oil from used, refined products (including used lube oil originally derived from crude oil or qualified fuels); (2) extend through 2016 the expensing allowance with respect to such refineries; and (3) allow a business-related tax credit for the production of qualified re-refined lubricating oil.
Bill· SS. 2784 (111th)referred
United States · United States Congress · 17 November 2009
Amends the Internal Revenue Code to: (1) establish a permanent estate tax exclusion of $3.5 million ($7 million for married couples filing joint tax returns) and a maximum 45% tax rate for decedents dying, generation-skipping transfers, and gifts made, after December 31, 2009; (2) allow an annual inflation adjustment to the exclusion amount after 2010; and (3) allow a surviving spouse an increase in the estate tax exclusion by the unused exclusion amount of a deceased spouse. Expresses the sense of the Senate that any reduction in federal revenues resulting from this Act should be fully offset.
Bill· SS. 2788 (111th)referred
United States · United States Congress · 17 November 2009
Aegis Ashore Test Facility Construction Authorization Act - Amends the Military Construction Authorization Act for Fiscal Year 2010 to authorize a military construction project at the Hawaii Pacific Missile Range Facility, relating to construction of an Aegis Ashore Test Facility.
Bill· HRH.R. 4085 (111th)referred
United States · United States Congress · 17 November 2009
Amends the Internal Revenue Code to allow a 30% energy tax credit for equipment used to fabricate solar energy property. Amends the American Recovery and Reinvestment Tax Act of 2009 to allow grants in lieu of energy tax credits for equipment used to fabricate solar energy property.
Bill· HRH.R. 4090 (111th)referred
United States · United States Congress · 17 November 2009
Amends the Internal Revenue Code to: (1) reduce between 2010 and 2015 the excise tax rate on the net investment income of tax-exempt private foundations from 2 to 1.32%; and (2) suspend between 2010 and 2015 the 1% reduction in such tax rate for private foundations that meet certain distribution requirements. Directs the Secretary of the Treasury to conduct and submit to Congress by December 31, 2013, a study which examines the effect of the tax rate changes of this Act on the level of grantmaking by private foundations.
Bill· SS. 2771 (111th)referred
United States · United States Congress · 16 November 2009
Small Business Penalty Relief Act of 2009 - Amends the Internal Revenue Code to limit the penalty for failure to disclose a reportable transaction (a transaction determined by the Internal Revenue Service (IRS) as having a potential for tax avoidance or evasion) to 75% of the decrease in tax resulting from such transaction. Sets forth a maximum penalty for failure to report a reportable transaction and a minimum and maximum penalty for failure to report a listed transaction (a transaction specifically identified by the IRS as a tax avoidance transaction). Requires the Commissioner of Internal Revenue to report by June 1, 2010, and then annually, to Congress on penalties relating to tax shelters and reportable transactions.
Bill· HRH.R. 4075 (111th)referred
United States · United States Congress · 16 November 2009
Teacher Tax Deduction Enhancement Act of 2009 - Amends the Internal Revenue Code to: (1) extend until 2017 the tax deduction for certain expenses of elementary and secondary school educators (i.e., teachers, instructors, counselors, principals, or aides); (2) increase to $500 the allowable amount of such deduction for full-time educators (working at least 900 hours during the school year); and (3) allow such tax deduction for educators in preschool programs.
Bill· HRH.R. 4074 (111th)referred
United States · United States Congress · 16 November 2009
Amends the Internal Revenue Code to repeal the temporary (through June 2011) increase in the rate of the unemployment tax (thus reducing such rate from 6.2% to 6.0% of total wages).
Bill· HRH.R. 4069 (111th)referred
United States · United States Congress · 16 November 2009
S Corporation Inventory Contribution Act of 2009 - Amends the Internal Revenue Code to extend the tax deduction for charitable contributions of inventory to S corporations. Limits the amount of such deduction for corporations other than C corporations to 10% of aggregate net income.
Bill· HRH.R. 4068 (111th)referred
United States · United States Congress · 16 November 2009
Small Business Penalty Relief Act of 2009 - Amends the Internal Revenue Code to limit the penalty for failure to disclose a reportable transaction (a transaction determined by the Internal Revenue Service (IRS) as having a potential for tax avoidance or evasion) to 75% of the decrease in tax resulting from such transaction. Sets forth a maximum penalty for failure to report a reportable transaction and a minimum and maximum penalty for failure to report a listed transaction (a transaction specifically identified by the IRS as a tax avoidance transaction). Requires the Commissioner of Internal Revenue to report by June 1, 2010, and then annually, to Congress on penalties relating to tax shelters and reportable transactions.
Bill· HRH.R. 4070 (111th)referred
United States · United States Congress · 16 November 2009
Amends the Internal Revenue Code to revise the income and excise tax credits for biodiesel used as fuel to: (1) allow a $1.00 tax credit for each gallon of biodiesel produced; (2) provide for an increased income tax credit for small biodiesel producers; (3) revise the definitions of "biodiesel" and "small biodiesel producer"; (4) treat renewable diesel in the same manner as biodiesel for income tax purposes; and (5) treat biodiesel as a taxable fuel for excise tax purposes. Extends the biodiesel income and excise tax credits through December 31, 2014.
Bill· SS. 2761 (111th)open
United States · United States Congress · 10 November 2009
GO Zone Bonus Depreciation Extension Act - Amends the Internal Revenue Code to extend through 2012 the additional depreciation allowance for nonresidential real property or residential rental property in the Gulf Opportunity Zone (GO Zone).
Bill· SS. 2755 (111th)referred
United States · United States Congress · 9 November 2009
Solar Manufacturing Jobs Creation Act - Amends the Internal Revenue Code to allow a 30% energy tax credit for equipment used to fabricate solar energy property. Amends the American Recovery and Reinvestment Tax Act of 2009 to allow grants in lieu of energy tax credits for equipment used to fabricate solar energy property.
Bill· SS. 2754 (111th)referred
United States · United States Congress · 9 November 2009
National STEM Education Tax Incentive for Teachers Act of 2009 - Amends the Internal Revenue Code to allow certain full-time elementary and secondary school teachers of math, science, engineering, or technology courses a refundable tax credit for 10% of their undergraduate tuition up to $1,000 in any taxable year. Increases such credit amount to $1,500 for teachers in schools serving disadvantaged children.
Bill· HRH.R. 4066 (111th)referred
United States · United States Congress · 7 November 2009
Amends the Internal Revenue Code to make permanent the alternative fuel and alternative fuel mixture excise tax credits.
Bill· SS. 2748 (111th)referred
United States · United States Congress · 6 November 2009
Small Business and Military Family Assistance Act of 2009 - Amends the Internal Revenue Code to extend through 2010 the tax credit for differential wages paid to employees while on active duty in the uniformed services for a period of more than 30 days.
Bill· HRH.R. 4056 (111th)referred
United States · United States Congress · 6 November 2009
Jobs Opportunity and Business Stability Act of 2009 - Amends the Internal Revenue Code to allow certain small business owners with fewer than 20 employees and annual gross receipts not exceeding $5,000,000 a refundable tax credit for increasing their payrolls in 2010 and 2011 by specified percentages. Directs the Secretary of the Treasury to study and report to Congress on ways to provide benefits to nonprofit organizations that are comparable to the tax credit provided by this Act.
Bill· HRH.R. 4052 (111th)referred
United States · United States Congress · 6 November 2009
Fair Disaster Tax Relief Act of 2009 - Amends the Internal Revenue Code to make permanent: (1) the enhanced tax deduction for net losses incurred in federally declared disasters; (2) the $500 limit on the tax deduction for individual casualty losses; (3) expensing of certain disaster abatement and cleanup expenses; (4) the tax deduction for net operating losses attributable to a federally declared disaster; (5) eligibility for tax-exempt bond financing for repair of principal residences destroyed or damaged in a federally declared disaster; and (6) the bonus depreciation allowance for property in a disaster area.
Bill· HRH.R. 4042 (111th)referred
United States · United States Congress · 6 November 2009
Small Business and Military Family Assistance Act of 2009 - Amends the Internal Revenue Code to extend through 2011 the tax credit for differential wages paid to employees while on active duty in the uniformed services for a period of more than 30 days.
Bill· HRH.R. 4035 (111th)referred
United States · United States Congress · 5 November 2009
Amends the Internal Revenue Code to allow a deduction from the gross estate of a decedent for capital losses which the decedent was eligibile to carry over to subsequent taxable years at the time of the decedent's death.
Bill· HRH.R. 4032 (111th)referred
United States · United States Congress · 5 November 2009
Amends Internal Revenue Code provisions relating to the first-time homebuyer tax credit to: (1) extend such credit to all purchasers of a principal residence (currently, limited to first-time homebuyers); (2) extend such credit and its waiver of recapture provisions (for sales of principal residences before the required holding period) through November 30, 2010; (3) extend through December 31, 2009, the election to treat, for tax purposes, a residence purchased in 2009 as having been purchased on December 31, 2008; (4) allow taxpayers to treat, for tax purposes, a residence purchased after December 31, 2009, and before December 1, 2010, as having been purchased on December 31, 2009; (5) increase adjusted gross income thresholds for determining eligibility for such credit; and (6) allow a waiver of recapture for members of the uniformed services, the Foreign Service, or employees of the intelligence community who sell their principal residences after receiving an order for official extended duty service.
Bill· SS. 2728 (111th)referred
United States · United States Congress · 4 November 2009
Amends the Internal Revenue Code to allow decedent estates to base the value of qualified historic property on the net earnings of such property for estate and gift tax purposes. Defines "qualified historic property" as any building designated as a national historic landmark for at least 25 years prior to the death of a decedent and originally used for residential or farming purposes.