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Resolution· HRESH.Res. 471 (93rd)passed
United States · United States Congress · 26 June 1973
Provides that during the consideration of the bill (H.R. 8947) making appropriations for public works for water and power development, including the Corps of Engineers- Civil, the Bureau of Reclamation, the Bonneville Power Administration and other power agencies of the Department of the Interior, the Appalachian regional development programs, the Federal Power Commission, the Tennessee Valley Authority, the Atomic Energy Commission, and related independent agencies and commissions for the fiscal year ending June 30, 1974, and for other purposes, all points of order against said bill for failure to comply with the provisions of clause 2, rule XXI, are hereby waived.
Resolution· HRESH.Res. 470 (93rd)passed
United States · United States Congress · 26 June 1973
Provides that during the consideration of the bill (H.R. 8917) making appropriations for the Department of the Interior and related agencies for the fiscal year ending June 30, 1974, and for other purposes, all points of order against said bill for failure to comply with the provisions of clause 2, rule XXI are hereby waived.
Bill· HRH.R. 8966 (93rd)referred
United States · United States Congress · 25 June 1973
Allows, under the Internal Revenue Code, an itemized deduction for amounts paid for planting, raising, and harvesting a vegetable garden. (Amends 26 U.S.C. 219)
Bill· HRH.R. 8968 (93rd)referred
United States · United States Congress · 25 June 1973
Authorizes appropriations for the Office of Economic Opportunity in the amount of $790,000,000 plus reimbursements for the fiscal year ending June 30, 1974.
Law· HJRESH.J.Res. 636 (93rd)open
United States · United States Congress · 25 June 1973
Authorizes appropriations for such amounts as may be necessary for continuing projects or activities which were conducted in fiscal year 1973 and for which appropriations would be available in specified Appropriations Acts for fiscal year 1974.
Bill· HRH.R. 8942 (93rd)referred
United States · United States Congress · 22 June 1973
Makes it clear that local governments may use amounts freed by revenue sharing for tax reduction, under the State and Local Fiscal Assistance Act of 1972.
Bill· HRH.R. 8897 (93rd)referred
United States · United States Congress · 21 June 1973
Authorizes appropriations for the Office of Economic Opportunity in the amount of $790,000,000 plus reimbursements for the fiscal year ending June 30, 1974.
Bill· HRH.R. 8881 (93rd)referred
United States · United States Congress · 21 June 1973
Budget Control Act - Title I: Changes in Rules of House and Senate - Establishes in the House of Representatives a Committee on the Budget consisting of 21 members: 7 members from the Committee on Appropriations, 7 members from the Committee on Ways and Means, and 7 members appointed by the Speaker of the House. Provides for the selection of the Chairman of the Committee and for the filling of vacancies on the Committee. Refers to the Committee matters relating to (a) the establishment of an overall limitation on budget outlays, and an overall limitation on new budget authority; (b) the determination of the overall level of Federal revenues, and the overall level of the public debt of the United States; (c) the determination of the appropriate level of surplus or deficit in the budget in the light of economic conditions and, (d) the allocation of the overall limitation on budget outlays, and the overall limitation on new budgetary authority. Requires the Committee to report during each regular session of Congress at least two concurrent resolutions concerning matters referred to the Committee and to make continuing studies of the effect on budget outlays of existing and proposed legislation and to report the results of these studies to the House of Representatives. Establishes in the United States Senate a Committee on the Budget consisting of 15 members: 5 members from the Committee on Appropriations, 5 members from the Committee on Finance, and 5 members appointed by the President pro tempore of the Senate. Grants to the Senate Committee the same matters for consideration and the same duties as the House Committee. Declares that annually, on or before May 1, Congress shall complete action on a concurrent resolution setting forth the congressional budget for the United States Government for the fiscal year beginning July 1. States that the concurrent resolution shall include with respect to budget outlays and with respect to new budget authority: (1) a general contingency reserve (for allocation only by a subsequent concurrent resolution on the budget) for possible new legislation (including enlargements of existing programs and activities); and (2) an emergency reserve (in amounts which do not exceed 2 percent of the amount of budget outlays otherwise allocated to the Committees on Appropriations and 2 percent of the amount of new budget authority otherwise allocated to such committees) which shall be available only for allocation by the Committees on Appropriations to specific programs and activities (or to subcommittees) to meet emergencies and other unforeseen contingencies. Provides for other matters which may be dealt with in the concurrent resolution. Sets forth a timetable for the first concurrent resolution on the budget for the fiscal year. Requires Congress to adopt a final concurrent resoltuion on the budget before adjourning and provides for consideration of concurrent resolution to be expedited. Declares that a tax surcharge is required where the budget deficit will be greater, or the surplus will be smaller, than that determined to be appropriate. States the requirements for amendments to concurrent resolutions. Provides that legislation dealing with the congressional budget must be handled by budget committees and that the concurrent resolution on budget must be adopted before appropriations and changes in revenues and public debt limit are made. Sets forth the requirements for legislation and amendments providing new budget authority, and declares that budget authority legislation may be required to contain outlay limitations. Places limitations on new permanent budget authority and on new spending authority. Requires the legislative committees to authorize the enactment of new budget authority before the beginning of the fiscal year. Authorizes the House Committee on Appropriations and the Senate Committee on Appropriations to consider and to report legislation rescinding budget authority. Provides for technical and conforming amendments to the Rules of the House of Representatives and to the Standing Rules of the United States Senate, as well as amendments to the Legislative Reorganization Act of 1946 and 1970. Title II: Legislative Budget Director and Staff - Establishes a Joint Legislative Budget Staff headed by a Legislative Budget Director appointed by the record vote of a majority of the members of the Committee on the Budget of each House, and provides for staffing and compensation. Authorizes the Legislative Budget Director to secure directly from any executive department or instrumentality of the government, information, data, estimates, and statistics relating to the function of the Joint Legislative Budget Staff. Directs the Joint Legislative Budget Staff to develop methods of using computers and other techniques for the analysis of information to improve not only the quantative but the qualitative evaluation of budgetary requirements.
Bill· HRH.R. 8908 (93rd)referred
United States · United States Congress · 21 June 1973
States that nothing in the State and Local Fiscal Assistance Act of 1972 shall prevent local governments from using amounts freed by revenue sharing for tax reduction. (Amends P.L. 92-512)
Resolution· HRESH.Res. 455 (93rd)passed
United States · United States Congress · 21 June 1973
Provides that during the consideration of the bill (H.R. 8877) making appropriations for the Department of Labor, and Health, Education, and Welfare, and related agencies, for the fiscal year ending June 30, 1974, the provisions of clause 2, rule XXI are hereby waived.
Resolution· HRESH.Res. 453 (93rd)passed
United States · United States Congress · 21 June 1973
Waives points of order against the bill making appropriations for the Department of Housing and Urban Development and executive agencies for the fiscal year ending June 30, 1974 (H.R. 8825) for failure to comply with the provisions of clause 2, rule XXI.
Bill· SS. 2036 (93rd)referred
United States · United States Congress · 20 June 1973
States that the purpose of this Act is to encourage the development and manufacture of automobiles which efficiently consume fuel and, if lower fuel consuming automobiles are not developed, to establish funding for a federally sponsored program to develop more efficient automotive engines. Imposes, under the Internal Revenue Code, upon every new automobile manufactured or imported a tax proportionate to its fuel consumption rate (as specified). (Adds 26 U.S.C. 4064) Directs the Administrator of the Environmental Protection Agency to investigate and determine the fuel consumption rates of automobiles, and to transmit to the Secretary of the Treasury a schedule of all such rates to be known as the Automobile Fuel Consumption Schedule. Authorizes the Department of Transportation to: (1) develop a new automobile engine fuel consumption standard equally applicable to all potential types of automobile fuels and new automobile engines; (2) develop procedures for rating fuel consumption of new automobiles; (3) prepare a tax schedule utilizing the new standard which would yield approximately the same tax on new gasoline powered automobiles in July 1981 as under this Act; and (4) develop and conduct a program to develop more efficient automobile engines utilizing funds raised under this Act.
Bill· HRH.R. 8854 (93rd)referred
United States · United States Congress · 20 June 1973
Authorizes, under the Internal Revenue Code of 1954, an adjustment in the dollar limitations for purposes of the retirement income credit in order to make the tax benefits accorded to retirement income comparable to those accorded to social security income. (Amends 26 U.S.C. 37(j))
Bill· HRH.R. 8855 (93rd)referred
United States · United States Congress · 20 June 1973
Excludes from gross income, under the Internal Revenue Code, the severance pay received by individuals as a result of the consolidation, reduction, realinement, or closure of specified military and naval installations.
Bill· HRH.R. 8832 (93rd)referred
United States · United States Congress · 20 June 1973
Provides that the place of residence of a State legislator within his State legislative district shall be considered his home for purposes of the Internal Revenue Code, but amounts expended for living expenses shall not be deductible for income tax purposes in excess of $3,000. (Amends 26 U.S.C. 162(a)
Bill· HRH.R. 8819 (93rd)referred
United States · United States Congress · 19 June 1973
Provides that interest accrued on or after September 1, 1966 on specified special savings deposits of prisoners of war and other missing members of the armed forces shall be exempt from Federal taxation under the laws of the United States. (Adds 10 U.S.C. 1035(f)(1),(2))
Bill· HRH.R. 8807 (93rd)referred
United States · United States Congress · 19 June 1973
Allows a tax credit or deduction under the Internal Revenue Code for contributions made for the purpose of influencing the passage of State or local referendums and initiatives.
Bill· HRH.R. 8803 (93rd)referred
United States · United States Congress · 19 June 1973
Permits, under the Internal Revenue Code of 1954, the exclusion of $5,000 from gross income, in the case of an individual or a married couple, for amounts received as annuities, pensions, or other retirement benefits. (Amends 26 U.S.C. 72(a))
Bill· HRH.R. 8808 (93rd)referred
United States · United States Congress · 19 June 1973
Excludes from gross income under the Internal Revenue Code that amount won in State lotteries.
Resolution· HRESH.Res. 448 (93rd)passed
United States · United States Congress · 19 June 1973
Provides that during the consideration of the bill (H.R. 8760) making appropriations for the Department of Transportation and related agencies for the fiscal year ending June 30, 1974, and for other purposes, the provisions of clause 2, rule XXI, are hereby waived with respect to any appropriations contained in such bill.
Bill· HRH.R. 8790 (93rd)referred
United States · United States Congress · 18 June 1973
Allows a credit against Federal income tax for State and local real property taxes or an equivalent portion of rent paid on their residence by individuals who have attained age 65. Limits the amount of such a credit to $750. (Amends 26 U.S.C. 39)
Bill· HRH.R. 8786 (93rd)referred
United States · United States Congress · 18 June 1973
Provides for an income tax credit under the Internal Revenue Code for the cost of motor vehicle emission controls on 1975 model motor vehicles sold in the State of California. (Amends 26 U.S.C. 42)
Bill· HRH.R. 8782 (93rd)referred
United States · United States Congress · 18 June 1973
Bread Tax Repeal Act - Eliminates as of July 1, 1973, the 75 cent excise tax on wheat processors.
Bill· HRH.R. 8784 (93rd)referred
United States · United States Congress · 18 June 1973
Allows a tax credit under the Internal Revenue Code to individuals for expenses incurred in providing higher education. Limits the amount of the tax credit per individual to: (1) 75 percent of so much of such expenses as does not exceed $200; (2) 25 percent of so much of such expenses as exceeds $200 but does not exceed $500, and (3) 10 percent of so much of such expenses as exceeds $500 but does not exceed $1,500. Reduces the amount of expenses by the amount of any scholarships or veterans' benefits received. Reduces the amount of the credit by one percent of the anount by which the adjusted gross income of the taxpayer exceeds $25,000.
Bill· SS. 2004 (93rd)referred
United States · United States Congress · 15 June 1973
Job Protection Act - Prohibits a tax exclusion, under the Internal Revenue Code, on the gross income from industrial development bonds, if such bonds are related to plant departure from areas in which the average unemployment rate exceeds 6 percent during the year preceding the tax year for which such exclusion is sought. Eliminates the exclusion of exchanges of stocks and securities in reorganizations if the total fair market value of the assets of the corporations which are parties to the reorganization exceeds $10,000,000. Eliminates the exclusion of distribution of stocks and securities of a controlled corporation if, immediately prior to the distribution, the total fair market value of the assets of the distributing corporation exceeds $10,000,000. Eliminates the nonrecognition of gain or loss to corporations if the total fair market value of the assets of the corporations which are parties to the reorganization exceeds $10,000,000. Eliminates the nonrecognition of gain or loss in connection with liquidations following sales to corporations if the total fair market value of the assets of the corporations which are parties to the sale or exchange exceeds $10,000,000. Provides that the installment method of declaration of income for sale or disposition of property shall not apply to a sale or other disposition of substantially all of the stock or properties of a corporation to another corporation if the total fair market value of the assets of the two corporations exceeds $10,000,000.
Bill· HRH.R. 8750 (93rd)referred
United States · United States Congress · 15 June 1973
Allows a tax deduction, under the Internal Revenue Code of 1954, for expenses incurred by a taxpayer in making repairs and improvements to his residence. Limits such tax deduction to $1,000. (Amends 26 U.S.C. 218)
Bill· HRH.R. 8721 (93rd)referred
United States · United States Congress · 15 June 1973
Allows an income tax credit under the Internal Revenue Code for tuition paid by a taxpayer during the taxable year to any private nonprofit elementary or secondary school for the education as a full-time student of any dependent with respect to whom the taxpayer is allowed an income tax exemption under the Internal Revenue Code. Limits the tax credit to 50 percent of the tuition paid by the taxpayer or $200, whichever is less. Provides that any payment which is taken into account in determining the tax credit shall not be treated as an amount paid by the taxpayer for purposes of determining entitlement to a tax deduction. Allows any U.S. taxpayer to commence a proceeding in the U.S. District Court for the District of Columbia, within the three month period beginning on the date of enactment of this Act, to determine whether the provisions of this Act are valid legislation under the U.S. Constitution. (Amends 26 U.S.C. 42)
Bill· HRH.R. 8690 (93rd)referred
United States · United States Congress · 14 June 1973
Provides, under the Internal Revenue Code, that if real property held for investment is compulsorily or involuntarily converted into money after December 31, 1970, as a result of condemnation, or threat or imminence thereof, replacement property shall be treated as property similar or related in service or use to the property so converted. (Amends 26 U.S.C. 1033)
Bill· HRH.R. 8700 (93rd)referred
United States · United States Congress · 14 June 1973
Provides, under the Internal Revenue Code, that in the case of an employer with 50 or fewer employees, old-age, survivors, and disability insurance, and Federal income tax withholding payments shall not be required more than one time. (Adds 26 U.S.C. 6302 (d))
Bill· HRH.R. 8676 (93rd)referred
United States · United States Congress · 14 June 1973
Repeals specified regulatory provisions of the Internal Revenue Code relating to filled cheese. Provides that the following property is subject to forfeiture and may be seized by the United States: (1) articles of adulterated butter knowingly purchased or received by any person from any manufacturer or importer who has not paid the special tax thereon; and (2) packages of oleomargarine subject to tax that are found without the required stamps or marks.
Bill· SS. 1992 (93rd)referred
United States · United States Congress · 13 June 1973
Federal Fiscal and Budgetary Information Act - Authorizes the Comptroller General to develop, establish, and maintain a national center for the selection, storage, retrieval, and dissemination of information and data to meet the requirements of all branches of the Federal Government for fiscal, budgetary, and program-related data and information. States that the Comptroller General of the United States, in cooperation with the Secretary of the Treasury and the Director of the Office of Management and Budget, shall develop, establish, maintain, and publish standard terminology, definitions, classifications, and codes, for Federal fiscal, budgetary, and program-related data and information. Requires semiannual publication of such terminology, definitions, classifications, and codes. Requires the Comptroller General to make available, on request and in usable form, the information and data in the Center to: (1) the Congress and all the legislative, executive, and judicial agencies of the Federal Government; and (2) all the States and political subdivisions thereof, except that in any case where it is determined that the service requested is substantial, the payment of such fees and charges may be required as may be necessary to recover all, or any part of, the cost of providing such retrieval service to State and local governments.
Bill· SS. 1991 (93rd)referred
United States · United States Congress · 13 June 1973
Provides, under the Internal Revenue Code, that in the case of trona, all processes used to extract soda ash shall be subject to the mineral depletion allowance. (Amends 26 U.S.C. 613(c))
Bill· SS. 1987 (93rd)referred
United States · United States Congress · 13 June 1973
Allows a deduction under the Internal Revenue Code for contributions to organizations providing services to the community. Limits such deductions to the amount of $200 per organization. Excludes charitable contributions, contributions relating to trade or business expenses, and contributions made as a condition of receiving services provided by the donee or by reason of which the donor is entitled to such services.
Bill· HRH.R. 8650 (93rd)referred
United States · United States Congress · 13 June 1973
Removes the authority of the Commodity Credit Corporation to sell marketing certificates for the 1973 crop of wheat. (Amends 7 U.S.C. 1379e)
Bill· HRH.R. 8663 (93rd)referred
United States · United States Congress · 13 June 1973
Provides, under the Internal Revenues Code, that trona treatment processes, used in making cement, shall be considered as mining under specified deductions for depletion purposes. (Amends 26 U.S.C. 613 (c)(4)(f))
Bill· HRH.R. 8635 (93rd)referred
United States · United States Congress · 13 June 1973
Changes the valuation of a decedent's interest in a ranch, farm or closely held business for estate tax purposes under the Internal Revenue Code of 1954 by giving an option for the business to be valued either at its present value or the higher of the decedent's cost basis, or a value based on the reasonable earning power of the business. Provides that to qualify for this option the decedent must have had an interest in the farm, ranch or business for at least ten years prior to the valuation date. Provides that under the market-value alternative all relevant factors should be considered in valuing an interest including the earning capacity of the business, ranch or farm and the degree of control represented by the interest being valued (Adds 26 U.S.C. 2031(c)).
Bill· HRH.R. 8656 (93rd)referred
United States · United States Congress · 13 June 1973
Allows a tax credit under the Internal Revenue Code to an individual for tuition paid by him to any private nonprofit elementary or secondary school during the taxable year for the elementary or secondary education of any dependent. Provides that the amount allowable for the taxable year with respect to any dependent shall not exceed the lesser of: (1) 50 percent of the tuition paid by the taxpayer during the taxable year for the elementary or secondary education of such dependent, or (2) $400. Reduces the aggregate amount which would be allowable by an amount equal to $1 for each full $20 contained in the amount by which the adjusted gross income of the taxpayer (or, if the taxpayer is married, the adjusted gross income of the taxpayer and his spouse) for the taxable year exceeds $25,000.
Bill· HRH.R. 8652 (93rd)referred
United States · United States Congress · 13 June 1973
Provides, under the Internal Revenue Code, that if gasoline which contains cereal grain alcohol and which contains no lead is sold by a dealer or other person to an ultimate purchaser for use as a fuel in a highway vehicle, the Secretary of the Treasury or his delegate shall pay to the dealer or other person making the sale an amount equal to 2 cents a gallon for each gallon of gasoline sold. States that no payment shall be made under this Act unless such tax reduction is passed on to the consumer. (Adds 26 U.S.C. 6428)
Bill· HRH.R. 8648 (93rd)referred
United States · United States Congress · 13 June 1973
Provides, under the Internal Revenue Code, that in the case of an employer with 50 or fewer employees, old-age, survivors, and disability insurance, and Federal income tax withholding payments shall not be required more than one time. (Adds 26 U.S.C. 6302 (d))
Bill· SS. 1985 (93rd)referred
United States · United States Congress · 12 June 1973
Extends for one fiscal year (through fiscal year 1974) the authorization of appropriations for title VIII of the Economic Opportunity Act of 1964.
Bill· HRH.R. 8590 (93rd)referred
United States · United States Congress · 12 June 1973
Provides that a qualified employee benefit trust shall have the tax characteristics of a charitable organization for purposes of income, estate, and gift taxes. Allows a tax deduction to corporations for the amount of dividends which they pay on stock held by qualified profit-sharing or stock bonus plan trusts, provided that the dividends are promptly paid over to the employees covered by the plan. Provides for an increase from 15 percent to 30 percent in the percentage limitation on the maximum annual tax-deductible contribution that can be made to a qualified employee benefit trust. Authorizes an additional tax deduction for a corporation making a contribution to a qualified profit-sharing or stock bonus trust where the trust pays off the indebtedness incurred to purchase stock of the corporation. States that the amount of the special deduction would be 50 percent of the principle amount of the indebtedness paid by the trust during the taxable year of the corporation.
Bill· HRH.R. 8584 (93rd)referred
United States · United States Congress · 12 June 1973
Farm Property Estate Tax Valuation Act - Provides that the value of real property used in farming by the decedent, included in the gross estate for estate tax purposes under the Internal Revenue Code of 1954, shall be the value of such property for farming purposes, if the executor agrees to the provisions of this Act.
Resolution· HRESH.Res. 434 (93rd)passed
United States · United States Congress · 12 June 1973
Provides that upon the adoption of this Resolution it shall be in order to move that the House resolve itself into the Committee of the Whole House on the State of the Union for the consideration of the bill (H.R.5464) to authorize appropriations for the saline water program for fiscal year 1974. Provides that all points of order against section 1 of such bill for failure to comply with the provisions of clause 4, rule XXI, shall be waived. Provides that after general debate, which shall be confined to the bill and shall continue not to exceed one hour, to be equally divided and controlled by the chairman and ranking minority member of the Committee on Interior and Insular Affairs, the bill shall be read for amendment under the five-minute rule. Provides that it shall be in order to consider the amendment recommended by the Committee on Interior and Insular Affairs now printed on page 2, line 13 through page 3, line 22 of the bill not withstanding the provisions of clause 4, rule XXI. Provides that, at the conclusion of the consideration of the bill for amendment, the Committee shall rise and report the bill to the House with such amendments as may have been adopted, and the previous question shall be considered as ordered on the bill and amendments thereto to final passage without intervening motion except one motion to recommit.
Bill· HRH.R. 8576 (93rd)referred
United States · United States Congress · 11 June 1973
Allows a tax credit under the Internal Revenue Code against the Federal income tax for State and local real property taxes or an equivalent portion of rent paid on their residences by individuals who have attained the age of 65. Provides that where an indivudal has attained the age of 65, there shall be allowed as a credit the amount of real property taxes paid which were imposed by a State or political subdivision on property owned and used by him as a principal residence or rent constituting such taxes as defined by the Internal Revenue Code. Allows payment by the U.S. Treasury to taxpayers to the extent of the difference between the credit and amount of such real property taxes where the tax imposed is less than real property taxes. Provides that the total credit payment for any taxable year shall not exceed $300 (or $150 in case of a single return). Reduces the amount of the credit allowed by the amount that the taxpayer's income exceeds $6,500 (or $3250 in the case of a married person filing a separate return). Directs that the credit be applied collectively in cases of joint ownership. Provides that where the joint return of the husband or wife is filed, the age requirement is met if either person is 65 or older. Apportions the credit allowed to cover only that part of a residence actually used by the taxpayer or that part of a farm not in excess of forty acres. Provides that an individual who is a tenant-stockholder in a cooperative housing corporation shall be treated as owning the house or apartment which he occupies and such person shall be treated as having paid real property taxes equal to the deduction allowable in direct proportion to taxes actually paid on a particular residence where during the taxable year there has been a change in residence. Provides that the term 'rent constituting property taxes" means an amount equal to 25 percent of the rent paid during a taxable year by the taxpayer for the right to occupy his dwelling (exclusive of charges for utilities, services, and furnishings). Reduces the amount of real property taxes paid by an individual by the amount of any refund given on such taxes. Provides that there shall be no assessment of interest charges where there has been an underpayment of taxes by an individual if the amount due is paid within sixty days after the taxpayer receives a refund of real property taxes which caused the underpayment. Specifies that deductions for State and local real property taxes shall not be affected by the credit allowed.
Bill· HRH.R. 8564 (93rd)referred
United States · United States Congress · 11 June 1973
Sets forth, under the Internal Revenue Code, limitations on payment or reimbursement of traveling expenses for Government officials' who travel between a point in the United States and a point outside the United States. (Amends 26 U.S.C. 4941(d)(2))
Bill· SS. 1962 (93rd)referred
United States · United States Congress · 7 June 1973
State Taxation of Multistate Taxpayers Act - Title I: General Provisions - Sets forth the definition of terms used in this Act. States that no State or political subdivision thereof may: (1) impose a net income tax or a capital stock tax on any corporation unless such corporation maintains a business location therein during a substantial portion of the taxable year; (2) impose a gross receipts tax with respect to any sale of tangible personal property unless the seller of such property maintains a business location therein: (3) require any person to collect and remit a sales or use tax with respect to an interstate sale of tangible personal property under specified circumstances; or (4) require any seller without a business location therein to collect or pay a sales or use tax when such seller has obtained in writing the buyer's registration number in accordance with this Act. States that an advance payment of a sales or use tax to a seller, as agent for a State, made by a purchaser of tangible personal property for resale shall not constitute a sales or use tax for purpose of this Act if credit for the advance payment is allowed in determining sales tax liability of the purchaser under statutory provisions in effect in any State prior to January 1, 1973. Provides that a State or political subdivision shall have power to impose a corporate net income tax or a capital stock tax, or a gross receipts tax with respect to a sale of tangible personal property or to require a seller to collect a sales or use tax with respect to an interstate sale of tangible personal property, subject to the limitations of this Act, if it is not denied the power to do so under the Constitution of the United States or any Federal statute. Title II: Maximum Income or Capital Attributable to Taxing Jurisdiction - States that a State or a political subdivision thereof may not impose on a corporation with a business location in more than one State a net income tax (or capital stock tax) measured by an amount of net income (or capital) in excess of the amount determined by a specified formula. Title III: Sales and Use Taxes - Permits a State or political subdivision thereof to impose a sales or use tax or require a seller to collect a sales or use tax with respect to an interstate sale of tangible personal property only if the destination of the sale is: (1) in that State, or (2) in a contiguous State or political subdivision of a contiguous State for which the tax is required to be collected under reciprocal collection agreements. States that the amount of any use tax imposed with respect to tangible personal property shall be reduced by the amount of any sales or use tax previously incurred and paid by a person with respect to the property on account of liability to another State or political subdivision thereof. Provides that a person who pays a use tax imposed with respect to tangible personal property shall be entitled to a refund from the State or political subdivision thereof imposing the tax, up to the amount of the tax so paid, for any sales or use tax subsequently paid with respect to the same property on account of prior liability to another State or political subdivision thereof. Sets forth limitations on credits for prior taxes. States that nothing in this Act shall affect the power of a State or political subdivision thereof to impose or require the collection of a sales or use tax with respect to vehicles that are registered in the State. Provides that nothing in this Act shall affect the power of a State or political subdivision thereof to impose or require the collection of a sales or use tax with respect to motor fuels consumed in the State. States that no State or political subdivision thereof may impose a sales tax, use tax, or other nonrecurring tax measured by cost or value with respect to household goods, including motor vehicles, brought into the State by a person who establishes residence in that State if the goods were acquired and used by that person 90 days or more before use of the property in the State in which he establishes such residence. Provides where the freight charges or other charges for transporting tangible personal property from the seller or supplier directly to the purchaser incidental to an interstate sale are separately stated in writing by the seller to the purchaser, to the extent that such charges do not exceed a reasonable charge for transportation by facilities of the seller or the charge for the transportation by the carrier when the transportation is by other than the seller's facilities, no State or political subdivision may include such charges in the measure of a sales or use tax imposed with respect to the sale or use of the property. States that a person with a business location in a State and purchasing goods in interstate commerce must obtain a registration number from that State. Provides that no seller shall be liable for the collection or payment of a sales or use tax with respect to an interstate sale of tangible personal property if the purchaser of such property furnishes or has furnished to the seller a certificate or other written form of evidence indicating the basis for exemption, or the reason the seller is not required to pay or collect the tax. Title IV: Jurisdiction of Federal Courts - Provides that the United States Court of Claims shall have jurisdiction to review de novo any issues relating to a dispute arising under this Act or under Public Law 86-272, as amended. States that the determination of a dispute arising hereunder by the Court of Claims shall be binding for the taxable years involved on any State given notice or appearing as a party, notwithstanding any prior determinations of the courts or administrative bodies of that State completed after notice to that State. Provides that no statute of limitations shall bar the right of a State or a corporation to an amount of tax increased or decreased in accordance with the determination, provided action is begun within one year after the determination has become final. Title V: Miscellaneous Provisions - States that the fact that a tax to which this Act applies is imposed by a State or political subdivision thereof in the form of a franchise, privilege, or license tax shall not prevent the imposition of the tax on a person engaged exclusively in interstate commerce within the State; but such a tax may be enforced against a person engaged exclusively in interstate commerce within the State solely as a revenue measure and not by ouster from the State or by criminal or other penalty for engaging in commerce within the State without permission from the State. Provides that no provisions of State law shall make any person liable for a greater amount of sales or use tax with respect to tangible personal property, by virtue of the location of any occurrence in a State outside the taxing State, than the amount of the tax for which such person would otherwise be liable if such occurrence were within the State. States that no charge may be imposed by a State or political subdivision thereof to cover any part of the cost of conducting outside that State an audit for a tax to which this Act applied including a net income tax imposed on an excluded corporation. Provides that no State or political subdivision thereof shall have the power, after the date of the enactment of this Act, to assess against any person any tax for any period ending on or before such date in or for which that person become liable for such tax if during such period the State or political subdivision would not have had the power to assess such tax had the provisions of title I of this Act been in effect during such period. States the State in which a corporation is incorporated may impose a capital account tax on the corporation without division of capital, notwithstanding the jurisdictional standard and limitation on attribution otherwise imposed by this Act. Sets forth the effective dates for the provisions of this Act.
Bill· HRH.R. 8480 (93rd)passed
United States · United States Congress · 7 June 1973
Requires the President to notify the Congress whenever he impounds funds. Sets forth procedures under which the House of Representatives or the Senate may disapprove the President's action and require him to cease such impounding. Establishes for the fiscal year 1974 a ceiling on total Federal expenditures of $267,100,000,000.
Bill· HRH.R. 8453 (93rd)referred
United States · United States Congress · 6 June 1973
Provides, under the Internal Revenue Code, that gross income does not include any amounts received by an individual in the taxable year as a pension, annuity, or other benefit under a public retirement system, or any amounts received by an individual who is age 65 or over as a pension, annuity, or other retirement benefit under any other retirement plan, program, or system, to the extent that the aggregate of such amounts does not exceed $5,000.
Bill· HRH.R. 8454 (93rd)referred
United States · United States Congress · 6 June 1973
Provides under the Internal Revenue Code of 1954, that the personal exemption allowed a taxpayer for a dependent shall be available without regard to the dependent's income in the case of a dependent who is over 65. (Adds 151 (e) (1) (C)).
Bill· HRH.R. 8430 (93rd)referred
United States · United States Congress · 6 June 1973
Authorizes the apportionment of funds for the National System of Interstate and Defense Highways for fiscal years 1974 and 1975, based on the factors contained in table 5, House Committee Print numbered 92-29.