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Taxation

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201 records in US in 1974

Records

Bill· HRH.R. 16846 (93rd)referred

A bill to amend the Internal Revenue Code of 1954 with respect to certain charitable contributions.

United States · United States Congress · 24 September 1974

Provides, under the Internal Revenue Code, that the initial tax on failure to distribute income shall not apply to the undistributed income of a private foundation for any taxable year for which it is an organization operating long-term care facilities. Defines the term "organization operating long-term care facilities" as a private foundation: (1) whose principal purpose is the long-term care, comfort or maintenance of resident permanently and totally disabled persons, elderly persons, needy widows, or children; and (2) which normally makes qualifying distributions.

Bill· HRH.R. 16826 (93rd)referred

Local Fiscal Assistance Act

United States · United States Congress · 24 September 1974

Local Fiscal Assistance Act - Eliminates provisions relating to assistance payments to State governments from the State and Local Fiscal Assistance Act. Requires such payments to local governments on a quarterly basis. Changes the name of the fund in such Act to the Local Government Fiscal Assistance Trust Fund. Authorizes appropriations to such fund for fiscal years 1975 through December 31, 1978; and such sums as are necessary for advance payments to local governments for critical needs. Changes the definition of "entitlement period" to include the time from January 1, 1975, through December 31, 1978.

Bill· HRH.R. 16823 (93rd)referred

A bill to amend the Internal Revenue Code of 1954 to increase the exemption for purposes of the Federal estate tax, to increase the estate tax marital deduction, and to provide an alternate method of valuing certain real property for estate tax purposes.

United States · United States Congress · 24 September 1974

Increases the exemption for the Federal estate tax from $60,000 to $200,000. Limits the aggregate deduction for value of property passed to a surviving spouse to $100,000, plus 50 percent of the value of the adjusted gross estate. Allows an estate executor to determine the value of any real property in an estate by its use for farmland, woodland, or scenic open space.

Bill· HRH.R. 16791 (93rd)referred

A bill to amend the Internal Revenue Code of 1954 to allow a business deduction under section 162 for certain ordinary and necessary expenses incurred to enable an individual to be gainfully employed.

United States · United States Congress · 23 September 1974

Allows a business tax deduction, under the Internal Revenue Code, for the ordinary and necessary expenses for household care and the care of qualified dependents incurred to enable an individual to be gainfully employed.

Bill· HRH.R. 16735 (93rd)referred

Cost-of-Living Adjustment Act

United States · United States Congress · 19 September 1974

Cost-of-living Adjustment Act- Provides, under the Internal Revenue Code, for automatic cost-of-living adjustments, based on the Consumer Price Index, in: (1) the income tax rates; (2) the amount of standard deductions; (3) the amount of personal exemptions; (4) the amount of depreciation deductions; and (5) the adjusted basis for property. Makes cost-of- living adjustments in specified United States savings bonds and certificates and on other obligations of the United States.

Resolution· HRESH.Res. 1379 (93rd)passed

Resolution providing for the consideration of H.J.Res. 1131. Joint resolution making further continuing appropriations for the fiscal year 1975.

United States · United States Congress · 19 September 1974

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 joint resolution (H.J. Res. 1131) making further continuing appropriations for the fiscal year 1975, and for other purposes. States that after general debate, which shall be confined to the joint resolution 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 Appropriations, the joint resolution shall be read for amendment under the five-minute rule. Stipulates that, at the conclusion of the consideration of the joint resolution for amendment, the Committee shall rise and report the joint resolution to the House with such amendments as may have been adopted, and the previous question shall be considered as ordered on the joint resolution and amendments thereto to final passage without intervening motion except one motion to recommit.

Bill· HRH.R. 16714 (93rd)referred

A bill to authorize the President to reduce Federal expenditures for fiscal year 1975 to $295 billion.

United States · United States Congress · 18 September 1974

Authorizes the President to reduce Federal expenditures for fiscal year 1975 to $295,000,000,000. Provides that in making reductions in amounts appropriated in order to reduce budget outlays to such amount, the President shall not reduce the amount of an item of appropriation: (1) if that appropriation does not exceed an amount equal to 95 percent of the sum requested in the budget for that fiscal year, unless (A) the President transmits a special message to Congress stating that he proposes to reduce the amount appropriated for such item and the sum by which that appropriation is to be reduced, and (B) neither House of Congress passes a resolution, during thirty calendar days of continuous session occurring immediately after transmittal of the message, stating in substance that it disapproves the reduction; and (2) in the case of any other item of appropriation, by more than 15 percent of the amount appropriated.

Bill· HRH.R. 16713 (93rd)referred

A bill making a supplemental appropriation for the Department of Health, Education, and Welfare for the fiscal year ending June 30, 1975, to provide funds to conduct a study of the effects of the red tide on human health.

United States · United States Congress · 18 September 1974

Makes a supplemental appropriation of $187,500 for the Department of Health, Education, and Welfare for fiscal year 1975, to provide funds to conduct a study of the effects of the red tide on human health.

Bill· HRH.R. 16690 (93rd)referred

A bill making a supplemental appropriation for the Department of Health, Education, and Welfare for the fiscal year ending June 30, l975, to provide funds to conduct a study of the effects of the red tide on human health.

United States · United States Congress · 17 September 1974

Makes a supplemental appropriation of $187,500 for the Department of Health, Education, and Welfare for fiscal year 1975, to provide funds to conduct a study of the effects of the red tide on human health.

Bill· HRH.R. 16701 (93rd)referred

A bill to exclude from gross income the first $750 of interest received from savings account deposits in home lending institutions.

United States · United States Congress · 17 September 1974

Excludes from gross income, under the Internal Revenue Code, the first $750 of interest received from savings account deposits in banks and savings institutions which have at least 75 percent of such deposits in specified investments, including loans for residential building purposes.

Bill· HRH.R. 16697 (93rd)referred

A bill to amend the Internal Revenue Code of 1954 to increase the exemption for purposes of the Federal estate tax, to increase the estate tax marital deduction, and to provide an alternate method of valuing certain real property for estate tax purposes.

United States · United States Congress · 17 September 1974

Increases the exemption for the Federal estate tax from $60,000 to $200,000. Limits the aggregate deduction for value of property passed to a surviving spouse to $100,000, plus 50 percent of the value of the adjusted gross estate. Allows an estate executor to determine the value of any real property in an estate by its use for farmland, woodland, or scenic open space.

Bill· HRH.R. 16665 (93rd)referred

A bill to amend the Internal Revenue Code of 1954 to exclude from gross income the amount of certain cancellations of indebtedness under student loan programs.

United States · United States Congress · 16 September 1974

Provides, under provisions of the Internal Revenue Code relating to scholarship and fellowship grants, that no amount shall be included in gross income by reason of the discharge of the indebtedness of an individual under a student loan if such discharge was pursuant to a provision of the loan under which the indebtedness would be discharged if the individual worked for a certain period of time in certain professions or certain geographical areas or for certain classes of employers. Defines "student loan" for purposes of this Act.

Bill· HRH.R. 16634 (93rd)referred

A bill to amend the Internal Revenue Code of 1954 to exclude from gross income the amount of certain cancellations of indebtedness under student loan programs.

United States · United States Congress · 12 September 1974

Provides, under provisions of the Internal Revenue Code relating to scholarship and fellowship grants, that no amount shall be included in gross income by reason of the discharge of the indebtedness of an individual under a student loan if such discharge was pursuant to a provision of the loan under which the indebtedness would be discharged if the individual worked for a certain period of time in certain professions or certain geographical areas or for certain classes of employers. Defines "student loan" for purposes of this Act.

Bill· HRH.R. 16648 (93rd)referred

Savings and Investment Act

United States · United States Congress · 12 September 1974

Savings and Investment Act-Increases the investment credit, under the Internal Revenue Code, from 7 to 15 percent. Increases the variance from 20 to 40 percent, under the provisions of Internal Revenue Code relating to class lives for purposes of depreciation. Permits a 12-month amortization of pollution control facilities. Permits an income tax exclusion for capital gains from securities sales or exchanges under $1000. Allows an increased tax credit of up to $200 for an amount equal to 10 percent of qualified savings deposits during a taxable year.

Bill· HRH.R. 16636 (93rd)referred

A bill to amend the Internal Revenue Code of 1954 to exclude from gross income $750 of interest on savings in the case of an individual taxpayer.

United States · United States Congress · 12 September 1974

Allows an income tax exclusion under the Internal Revenue Code on the interest or dividends received on savings in a domestic savings and loan association, bank, credit union, or similar thrift institution in the case of an individual taxpayer. Limits such tax exclusion to $750.

Bill· HRH.R. 16610 (93rd)referred

A bill to amend the Internal Revenue Code of 1954 to allow a deduction for amounts paid by an individual for dependent care services to enable him to perform volunteer services for certain organizations.

United States · United States Congress · 11 September 1974

Allows a tax deduction, under the Internal Revenue Code, for amounts paid by an individual for dependent care services, up to $400 per month, to enable him to perform volunteer services for qualified organizations.

Bill· HRH.R. 16608 (93rd)referred

A bill to amend the Internal Revenue Code of 1954 to exclude from gross income the amount of certain cancellations of indebtedness under student loan programs.

United States · United States Congress · 11 September 1974

Provides, under provisions of the Internal Revenue Code relating to scholarship and fellowship grants, that no amount shall be included in gross income by reason of the discharge of the indebtedness of an individual under a student loan if such discharge was pursuant to a provision of the loan under which the indebtedness would be discharged if the individual worked for certain classes of employers. Defines "student loan" for purposes of this Act.

Bill· HRH.R. 16595 (93rd)referred

A bill to extend the time for using funds appropriated to carry out the rural environmental assistance program (REAP) and the rural environmental conservation program (RECP) for the fiscal years ending June 30, 1973 and June 30, 1974.

United States · United States Congress · 11 September 1974

Extends, until December 31, 1975, the time for using funds appropriated to carry out specified activities under the Rural Environmental Assistance Program (REAP) and the Rural Environmental Conservation Program (RECP) for the fiscal years ending June 30, 1973, and June 30, 1974.

Bill· SS. 3943 (93rd)open

A bill to extend the time for using funds appropriated to carry out the Rural Environmental Assistance Program (REAP) and the Rural Environmental Conservation Program (RECP) for the fiscal years ending June 30, 1973, and June 1974.

United States · United States Congress · 22 August 1974

Extends until December 31, 1975, the time for using funds appropriated to carry out specified activities under the Rural Environmental Assistance Program (REAP) and the Rural Environmental Conservation Program (RECP) for the fiscal years ending June 30, 1973, and June 30, 1974.

Bill· SS. 3950 (93rd)referred

A bill to amend the Internal Revenue Code of 1954 to provide for the recovery of reasonable attorneys' fees, as a part of court costs in civil cases involving the internal revenue laws, to provide for the audit of the tax returns of Members of Congress, and for other purposes.

United States · United States Congress · 22 August 1974

Allows the outside inspection of income tax returns only upon written order of the President stating the reasons necessary for the accomplishment of a legal duty. Requires an audit of Members of Congress tax returns and publication of the results in the Federal Register. Grants specified legal costs to prevailing parties in Tax Court proceedings held for the redetermination of a deficiency.

Bill· SS. 3948 (93rd)referred

Fiscal Stabilization Act

United States · United States Congress · 22 August 1974

Fiscal Stabilization Act - Establishes as an independent agency of the Government a Fiscal Stabilization Board: (1) to monitor the fiscal and monetary conditions of the United States and to advise the President with respect thereto, and (2) to recommend to the President action to be taken by him to stabilize the national economy by controlling the aggregate amount of borrowing in any fiscal year for federally sponsored or guaranteed purposes. States that if the Board determines that the aggregate impact on the economy would be adverse, it shall prepare a Federal Financing Plan for that fiscal year. Provides that Congress may disapprove any Federal Financing Plan by action of both Houses of the Congress within sixty days after the Plan is submitted to the Congress by the Fiscal Stabilization Board, whereupon the Board shall make another plan, taking into account the objections of the Congress, and that Plan shall be subject to review also.

Bill· SS. 3951 (93rd)referred

A bill to place a ceiling on expenditures for fiscal year 1975.

United States · United States Congress · 22 August 1974

Places a ceiling of $295,000,000,000 on expenditures and net lending under the United States budget for fiscal year 1975. Directs the President to control expenditures so as to conform with such ceiling. Specifies programs, such as social security benefits, which may not be cut under this Act. Prohibits the impoundment of appropriated funds for purposes of terminating a program.

Bill· HRH.R. 16538 (93rd)referred

Local Fiscal Assistance Act

United States · United States Congress · 22 August 1974

Local Fiscal Assistance Act - Eliminates provisions relating to assistance payments to State governments from the State and Local Fiscal Assistance Act. Requires such payments to local governments on a quarterly basis. Changes the name of the fund in such Act to the Local Government Fiscal Assistance Trust Fund. Authorizes appropriations to such fund for fiscal years 1975 through December 31, 1978; and such sums as are necessary for advance payments to local governments for critical needs. Changes the definition of "entitlement period" to include the time from January 1, 1975, through December 31, 1978.

Bill· HRH.R. 16549 (93rd)referred

A bill to place a limitation on expenditures and net lending for the fiscal year ending June 30, 1975.

United States · United States Congress · 22 August 1974

Places a $295,000,000,000 limitation on expenditures and net lending under the United States budget for the fiscal year ending June 30, 1975. Provides that a pro rata reduction shall be applied to all appropriations other than for interest on the public debt and social security benefits as necessary to effectuate the provisions of this Act.

Bill· HRH.R. 16556 (93rd)referred

Fiscal Integrity Act

United States · United States Congress · 22 August 1974

Fiscal Integrity Act - Expresses the findings of Congress, including that allowing the continuation of policies which lessen the fiscal integrity of the Government is detrimental to the general welfare of the people and ought, therefore, to be ended. Title I: Revenue and Budget Outlays Control - Establishes for each fiscal year a revenue and budget outlays limit for the Government. States that no appropriation shall be made for any fiscal year by the Congress in excess of the revenue and budget outlays limit for such fiscal year. Provides that if the revenue of the Government exceeds the limit established, the excess shall be used for the payment of the public debt of the Government. States that the revenue and budget outlays limit shall be derived by multiplying the estimated aggregate national income for such fiscal year by the Federal revenue factor. Defines "Federal revenue factor". Title II: Monetary Supply Control - Directs the Board of Governors of the Federal Reserve System to insure that any rate of increase in the amount of currency in circulation and demand deposits is not greater than 1 1/4 percent per quarter fiscal year. Title III: Fiscal Disclosure - States that a bill or joint resolution introduced in either House of Congress or received by it from the other House shall be printed only when there appears at the bottom of the first page a fiscal note. Requires such fiscal note to state the amounts estimated to be the direct and indirect costs likely to be incurred or the direct and indirect savings likely to be achieved in carrying out the provisions of such bill or joint resolution in the fiscal year in which it is introduced or received and in each of the five fiscal years following such fiscal year, or for the authorized duration of any program authorized by such bill or joint resolution if less than five years, except that in the case of measures affecting revenue, the fiscal note shall state only the estimate of change in revenues for a one-year period. States that a copy of each such bill or joint resolution shall be transmitted immediately to the instrumentality of Government which will carry out its provisions.

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