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Bill· HRH.R. 5708 (96th)referred
United States · United States Congress · 25 October 1979
Programs for Dieting or Stopping Smoking Tax Credit Act of 1979 - Amends the Internal Revenue Code to allow taxpayers a nonrefundable income tax credit equal to 50 percent of the cost of enrollment in programs for dieting or stopping smoking which are certified by the Secretary of the Treasury pursuant to regulations. Limits the amount of such credit to $150 for a taxable year.
Bill· HRH.R. 5693 (96th)referred
United States · United States Congress · 24 October 1979
IRA Tax Credit Act of 1979 - Amends the Internal Revenue Code to allow participants in an employer pension plan an income tax credit equal to 25 percent of contributions made to an individual retirement account. Limits the amount of such credit to the lesser of $1,500 or 15 percent of an employee's compensation for a taxable year.
Bill· HRH.R. 5699 (96th)referred
United States · United States Congress · 24 October 1979
Amends the Internal Revenue Code to permit taxpayers to elect a refundable income tax credit for the cost of fuel oil and natural gas for heating principal residences in excess of the average cost of fuel oil and gas in 1978. Requires a percentage reduction in the amount of such credit for taxpayers whose adjusted gross income exceeds certain specified levels.
Bill· HRH.R. 5695 (96th)referred
United States · United States Congress · 24 October 1979
Amends the Internal Revenue Code to provide a tax exclusion from personal income earned abroad by an individual performing qualified missionary services for a tax-exempt employer created or organized in the United States. Limits such exclusion to an amount not to exceed a figure computed on a daily basis at an annual rate of $20,000. Sets a formula for the maximum amount of exclusion for an individual performing missionary services and other services while residing in a camp located in a hardship area.
Resolution· HRESH.Res. 464 (96th)passed
United States · United States Congress · 24 October 1979
Sets forth the rule for the consideration of H.J. Res. 430 (Supplemental appropriations for low-income energy assistance).
Bill· SS. 1925 (96th)referred
United States · United States Congress · 23 October 1979
Savings of Income for Retirement Act - Amends the Internal Revenue Code to increase the amount of the deduction for contributions to an individual retirement savings account (IRA): (1) by individuals to the lesser of 20 percent (currently 15 percent) of annual compensation or $2,000 (currently $1,500), adjustable annually for increases in the Consumer Price Index; and (2) by certain married individuals to the lesser of 20 percent (currently 15 percent) of annual compensation or $2,400 (currently $1,750), adjustable annually for increases in the Consumer Price Index. Increases the amount of the deduction for contributions to an owner-employee retirement plan (Keogh) by a self-employed individual to the lesser of 20 percent (currently 15 percent) of annual earned income or $10,000 (currently $7,500), adjustable annually for increases in the Consumer Price Index, but only after the deductible amount for an individual's contributions to an IRA has reached $5,000. Allows a new income tax deduction for amounts paid in cash by an individual for his own benefit to: (1) a qualified pension, profit-sharing, or stock bonus plan; (2) an annuity plan; (3) a qualified bond purchase plan; (4) an individual retirement account (IRA), or a retirement bond; or (5) a group retirement trust. Limits the amount of such deduction to the lesser of ten percent of annual compensation or $1,000. Places limitations on such deduction for amounts paid to certain IRA accounts, retirement annuities, or bonds. Denies such deduction to any individual claiming a deduction for such contributions under certain existing Code provisions. Denies such deduction to any highly compensated participant unless the employer certifies that specified discrimination standards have been met.
Bill· HRH.R. 5677 (96th)referred
United States · United States Congress · 23 October 1979
Amends the Internal Revenue Code to allow volunteer fire fighters an additional personal tax exemption of $750.
Bill· HRH.R. 5682 (96th)referred
United States · United States Congress · 23 October 1979
Extends through fiscal year 1984 the entitlement periods for the authorization of appropriations under the State and Local Fiscal Assistance Act of 1972.
Bill· HRH.R. 5678 (96th)referred
United States · United States Congress · 23 October 1979
Home Energy Tax Relief Act of 1979 - Title I: Low- and Middle-Income Energy Tax Credit - Amends the Internal Revenue Code to allow low- and middle-income taxpayers a refundable income tax credit for the cost of fuel which is used as the principal source of heating or cooling such taxpayer's principal residence. Limits the amount of such credit to $300 for oil or kerosene, or $150 for any other fuel. Reduces the amount of such credit for taxpayers whose adjusted gross income exceeds $15,000, and for whom suppliers receive reimbursements under title II of this Act. Allows renters an income tax credit for fuel costs equal to 25 percent of rent paid for the taxable year. Specifies a minimum tax credit of $150 for taxpayers whose principal residence uses a renewable energy source (wind, solar, or geothermal energy) for heating or cooling. Permits the disregarding of any benefits conferred by this Act in determining eligibility for any Federal or State public assistance program. Disqualifies any estate, trust, nonresident alien, or any individual residing in a housing project assisted under the United States Housing Act of 1937 from eligibility under this title. Title II: Residential Fuel Assistance Program for Low-Income Households - Directs the Secretary of the Treasury to establish a residential fuel assistance program, and disseminate, with the assistance of the Department of Energy, information about such program which is designed to reach all eligible individuals. Permits taxpayers who are eligible to receive an income tax credit under title I of this Act to apply to the Secretary for assistance under the residential fuel assistance program after the close of the fifth month of the taxable year. Sets forth the information which taxpayers must include in their application for assistance. Directs the Secretary to establish an account for each individual eligible for assistance under this title, and to reimburse fuel suppliers of such individuals for the cost of home heating fuel supplied them, not to exceed the amount of tax credit to which such individual is entitled. Specifies that an individual taxpayer is eligible for assistance under this title only if his adjusted gross income is less than 175 percent of the poverty level, as determined according to criteria established by the Office of Management and Budget, and if he purchases home heating fuel directly from a supplier. Permits reimbursement to suppliers on a monthly basis. Requires suppliers to certify to the Secretary information with respect to the sale of fuel to taxpayers eligible for assistance under this title. Authorizes the Comptroller General to audit the records of any supplier reimbursed under this title. Prohibits any supplier of home heating fuel from refusing to deliver fuel to any individual solely because such individual is participating in the residential fuel assistance program. Prohibits suppliers who receive reimbursement under this title from: (1) supplying residential fuel to individuals receiving assistance under this title on different terms than those applicable to all other individuals; and (2) terminating delivery of fuel to an individual receiving such assistance without providing written notice of termination to such individuals at least 21 days prior to termination. Prescribes fines and criminal penalties for intentional violations of requirements established by this title. Authorizes appropriations to carry out the provisions of this title. Terminates the provisions of this Act for taxable years beginning after December 31, 1983.
Bill· HJRESH.J.Res. 430 (96th)referred
United States · United States Congress · 23 October 1979
Makes supplemental appropriations to the Community Services Administration for the community services program, part of which is to be transferred to the Secretary of Health, Education, and Welfare for payment to eligible individuals of energy grants and allowances to assist in meeting heating fuel costs. Excludes such allowances from being considered as income or resources for purposes of any other public assistance program.
Bill· HJRESH.J.Res. 427 (96th)referred
United States · United States Congress · 23 October 1979
Makes supplemental appropriations to the Community Services Administration for the community services program, part of which is to be transferred to the Secretary of Health, Education, and Welfare for payment to eligible individuals of energy grants and allowances to assist in meeting fuel and related administrative costs. Excludes such allowances from being considered as income or resources for purposes of any other public assistance program.
Bill· HRH.R. 5665 (96th)referred
United States · United States Congress · 22 October 1979
Tax Restructuring Act of 1979 - Title I: Rate Reductions and Related Adjustments - Amends the Internal Revenue Code to lower the income tax rates on individuals and trusts and estates. Reduces the top marginal income tax rate to 50 percent of taxable income and the bottom rate to ten percent. Reduces the number of income tax brackets to eight for each category of taxpayer. Increases the amount of the zero bracket amount (formerly the standard deduction) for married individuals filing jointly to $4,000, for unmarried individuals to $2,600, and for married individuals filing separately to $2,000. Increases the minimum income levels at which a taxpayer is required to file an income tax return. Reduces the rate of the alternative minimum tax. Increases the rate of the earned income credit to 15 percent. Increases the maximum dollar amount of such credit to $750 (reduced by 15 percent of adjusted gross income in excess of $7,000). Qualifies childless couples for such credit. Makes the credit for the elderly refundable where the amount of such credit exceeds tax liability. Reduces the amount of income eligible for the credit for the elderly by amounts received as benefits under Title XVI (Supplemental Security Income Benefits for the Aged, Blind, and Disabled) of the Social Security Act. Requires State plans for benefits under Title IV (Aid to Families with Dependent Children) of the Social Security Act to adjust levels used by the State for determining payments under such title to reflect changes in the cost of living. Reduces social security taxes with respect to wages earned after 1980. Directs the Secretary of the Treasury to deposit revenues from the value added tax into the Federal Old-Age and Survivors Insurance Trust Fund, the Federal Disability Insurance Trust Fund, and the Federal Hospital Insurance Trust Fund to compensate the loss of social security tax revenues resulting from rate reductions. Reduces the income tax rates for corporations and the rate of tax on corporate capital gains. Title II: Capital Formation - Exempts from income taxation interest accumulated in a tax deferred savings account which is created for the exclusive benefit of an individual taxpayer and which is maintained in a bank, savings and loan association, or a credit union. Permits cash contributions of $1,000 or less per year to such savings accounts. Specifies that distributions from tax deferred savings accounts shall be includible in the gross income of the distributee, unless such distributions are reinvested within 60 days into another savings account. Provides that such accounts shall not be transferable except in cases of death or divorce. Requires the termination of a tax deferred savings account before the close of the fifth year after the death of the individual maintaining such account. Permits a tax exclusion from the gross income of shareholders (other than trusts, estates, and shareholders holding five percent or more of the value of the voting power of the distributing corporation) of up to $1,500 ($3,000 in the case of joint returns) of stock dividends paid by domestic corporations in the form of newly issued common stock. Specifies that the number of shares so issued shall be determined by reference to a value equal to between 95 and 105 percent of the stocks' value on the distribution date. Disqualifies the stock of a corporation which has repurchased any of its stock within one year before or after the distribution date. Establishes the basis of stock distributed at zero. Treats as ordinary income, rather than capital gain, stock which is sold by a shareholder within one year of its distribution. Increases the allowable amount of the income tax deduction for contributions to an individual retirement account (IRA) to the lesser of $2,000 or 15 percent of an employee's taxable compensation. Permits active participants in tax-qualified retirement plans, tax-sheltered annuities, or governmental plans to claim an income tax deduction for contribution to an IRA up to a maximum of $1,000 for the taxable year. Disqualifies self-employed individuals and shareholder employees for the retirement savings deduction. Increases the permissible variance of class lives under the Asset Depreciation Range (ADR) system from 20 percent to 40 percent. Permits the disregard of salvage value in computing depreciation. Directs the Secretary of the Treasury to promulgate new relations under the ADR system which are simpler than existing regulations. Permits a small business to use class lives under the Asset Depreciation Range (ADR) system for purposes of computing depreciation expenses without requiring such business to conform to the requirements of the ADR system. Defines "small business" as a business with depreciable assets not in excess of $500,000 at the beginning of the taxable year and with depreciable assets placed in service during the taxable year not in excess of $250,000. Shortens the useful life requirements for depreciable assets eligible for investment tax credit treatment. Provides that an asset with a useful life of five years or more may claim the full investment tax credit for which it is eligible, and an asset with a useful life of between three and five years may claim 60 percent of such credit. Title III: Value Added Tax - Imposes a ten percent tax on business transactions involving: (1) the sale of property in the United States; (2) the performance of services in the United States; and (3) the importing of property into the United States by individuals engaging in a trade or business. Imposes a five percent tax with respect to food, housing, and medical care. Exempts from the value added tax sales by farmers or fishermen, the performance of mass transportation services in urbanized areas, public charities, educational activities of a governmental entity, exports of property, and interest. Allows taxpayers a refundable credit against the value added tax for the amount of such tax paid by suppliers of the taxpayer. Charges the seller of property or services with the responsibility for payment of the value added tax. Requires the seller to provide the purchaser with a tax invoice relating to the transaction if the seller has reason to believe that the purchaser is liable for the value added tax. Conditions the allowance of a tax credit upon the receipt of a tax invoice. Exempts small businesses whose transactions do not exceed $10,000 for a calendar year from the value added tax on all transactions except those involving imports and housing. Terminates such exemption if transactions exceed certain specified amounts in any calendar quarter. Requires tax returns for the value added tax to be filed before the first day of the second month after the close of each calendar quarter (or calendar month if the taxpayer so elects). Requires individuals engaged in business activity to notify the Secretary of any change in the form of their business which might affect their liability for the value added tax. Sets forth rules for the application of the value added tax, including rules relating to: (1) the income tax treatment of property which is subject to the value added tax; (2) de minimis transactions; (3) importers of property; (4) Subchapter S corporations; (5) gifts of business property or services; (6) insurance contracts; and (7) governmental entities and tax-exempt organizations.
Bill· HRH.R. 5663 (96th)referred
United States · United States Congress · 22 October 1979
Alternative Energy Incentive Act of 1979 - Amends the Internal Revenue Code to increase to 50 percent the rate of the income tax credit for residential energy conservation expenditures and for renewable energy source expenditures. Increases the amount of renewable energy source expenditures eligible for the credit to $10,000. Eliminates the requirement that such expenditures be limited to the taxpayer's principal residence. Qualifies expenditures for the drilling of an onsite well drilled for any geothermal deposit for the renewable energy source tax credit. Qualifies renewable energy source property which is also a structural component of a building for the energy tax credit. Permits lessors, lessees, and builders who are not the original users of property to claim a residential energy credit. Permits taxpayers, upon application to the Secretary of the Treasury, to claim an immediate tax credit for the taxable year previous to the year in which energy conservation expenditures are made. Provides a residential energy credit for heat pumps which replace an electric resistance heating system. Extends the termination date of the residential energy tax credit to December 31, 2000. Increases the investment tax credit for: (1) hydroelectric and cogeneration energy property; (2) solar and wind energy property; (3) geothermal energy property; (4) biomass property; (5) ocean thermal energy conversion property; and (6) utilities. Makes the credit for such properties refundable. Repeals the exemption from excise tax for gasohol. Allows an income tax credit for the use of gasohol. Bases the amount of such credit on the volume of alcohol mixed with gasoline.
Bill· SS. 1913 (96th)referred
United States · United States Congress · 19 October 1979
Amends the Internal Revenue Code to allow a credit against the excise tax on domestic or imported distilled spirits, wines, and beer for each proof gallon of the wine content of distilled spirits containing wine. Sets the amount of such credit at the excess of $10.50 over the rate of the additional tax on such wine which would be imposed but for its removal to bonded premises. Specifies the points in time for determining allowance of such credit for domestic and for imported distilled spirits containing wine. Excludes from such credit: (1) any substance which has been subject to distillation at a distilled spirits plant after receipt in bond; and (2) wine containing more than 24 percent of alcohol by volume.
Bill· HRH.R. 5652 (96th)referred
United States · United States Congress · 19 October 1979
Amends the Internal Revenue Code to treat the proceeds from the redemption of series E United States savings bonds as capital gain.
Bill· HRH.R. 5654 (96th)referred
United States · United States Congress · 19 October 1979
Scholarship Program Assistance Act - Amends the Internal Revenue Code, with respect to exempting certain kinds of scholarship or fellowship grants from classification as taxable expenditures of a private foundation, to apply such exemption to a grant under an employer-related scholarship program where the number of such grants awarded during any year does not exceed 50 percent of the number of eligible individuals submitting applications for such grants. Defines an "employer-related scholarship program" as one which: (1) provides grants for study at educational institutions eligible to receive tax deductible charitable contributions; and (2) limits the eligibility for all or a portion of such grants to employees of a particular employer (or group of employers), or to members of such employees' families.
Bill· HRH.R. 5633 (96th)referred
United States · United States Congress · 18 October 1979
Amends the Internal Revenue Code to subject nonresident aliens and foreign corporations to a tax on the gain from the sale or exchange of real property situated in the United States. Requires foreign corporations which hold U.S. lands comprising 20 percent of their assets to make reports on such holdings as the Secretary of the Treasury may require.
Bill· HRH.R. 5636 (96th)referred
United States · United States Congress · 18 October 1979
Amends the Internal Revenue Code to increase from $150,000 to $200,000 the minimum amount of retained earnings which a corporation may accumulate without being subject to the tax on accumulated earnings.
Bill· HRH.R. 5650 (96th)referred
United States · United States Congress · 18 October 1979
Amends the Internal Revenue Code to allow an income tax deduction for the current fair market value of charitable contributions of literary, musical, or artistic compositions created by the taxpayer, without any reduction for appreciation.
Bill· HRH.R. 5647 (96th)referred
United States · United States Congress · 18 October 1979
Small Savers and Investment Encouragement Act of 1979 - Amends the Internal Revenue Code to exclude from gross income up to $100 of the interest earned on a savings account. Permits an exclusion of up to $500 for interest which is reinvested in a savings account. Excludes from gross income up to $500 of dividends received which are reinvested in the stock of domestic corporations. Requires that the sum of the adjusted basis of stock in domestic corporations held by the taxpayer plus the amount held in a savings account (investment base) on the last day of a taxable year exceed the investment base of the taxpayer as of the first day of such taxable year, plus the amount of dividends and interest excludible for such taxable year.
Bill· HRH.R. 5643 (96th)referred
United States · United States Congress · 18 October 1979
Rural Cooperative Business Income Act of 1979 - Amends the Internal Revenue Code to provide that income received by a mutual or cooperative telephone or electric company for services to customers or rural telephone or electric companies, and income received from the rental or sale of communications or power facilities, shall not be subject to the tax on unrelated business income.
Bill· HRH.R. 5634 (96th)referred
United States · United States Congress · 18 October 1979
Amends the Internal Revenue Code to subject nonresident aliens and foreign corporations to a tax on the gain from the sale or exchange of real property situated in the United States. Requires foreign corporations which hold U.S. lands comprising 20 percent of their assets to make reports on such holdings as the Secretary of the Treasury may require.
Bill· HRH.R. 5639 (96th)referred
United States · United States Congress · 18 October 1979
Amends the Internal Revenue Code to repeal provisions added by the Revenue Act of 1978 which require the inclusion in gross income of certain amounts of unemployment compensation.
Bill· HRH.R. 5631 (96th)referred
United States · United States Congress · 18 October 1979
Amends the Internal Revenue Code to allow firemen an income tax deduction for the cost of meals consumed at their place of duty during any period of overnight duty. Provides for a minimum deduction of $10 times the number of periods of overnight duty in the taxable year.
Resolution· HRESH.Res. 453 (96th)referred
United States · United States Congress · 18 October 1979
Disapproves the deferral of budget authority for fiscal year 1980 for promoting and developing fishery products (Deferral Numbered D 80-7) as transmitted by the President to the Congress on October 5, 1979, pursuant to the Impoundment Control Act of 1974.
Bill· SS. 1901 (96th)referred
United States · United States Congress · 17 October 1979
Amends the Internal Revenue Code to set the basis of the income tax deduction for casualty loss of timber at not less than the fair market value immediately before such casualty. Provides for a ten-year carryback and a four-year carryover of such deduction.
Bill· HRH.R. 5613 (96th)referred
United States · United States Congress · 17 October 1979
Independent Contractor Tax Status Clarification Act of 1979 - Amends the Internal Revenue Code to specify standards for determining whether certain individuals qualify as independent contractors for purposes of social security taxation. Treats an individual as an independent contractor if such individual: (1) controls the total number of his work hours; (2) does not maintain a principal place of business, or if he does, such place of business is not provided, or provided rent-free, by the person for whom such individual performs services; (3) has substantial investment in his business and earns income based upon sales or output rather than upon number of hours worked; and (4) performs services pursuant to a written contract and is provided written notice of his responsibility with respect to income and self-employment taxes. Amends Title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to provide coverage for service performed by an individual who qualifies as an independent contractor under the standards established by this Act.
Bill· HRH.R. 5620 (96th)referred
United States · United States Congress · 17 October 1979
Amends the Airport and Airway Revenue Act of 1970 to repeal the excise tax on the use of civil aircraft.
Bill· HRH.R. 5616 (96th)referred
United States · United States Congress · 17 October 1979
Amends the Internal Revenue Code to allow a credit against the excise tax on domestic or imported distilled spirits, wines, and beer for each proof gallon of the wine content of distilled spirits containing wine. Sets the amount of such credit at the excess of $10.50 over the rate of the additional tax on such wine which would be imposed but for its removal to bonded premises. Specifies the points in time for determining allowance of such credit for domestic and for imported distilled spirits containing wine. Excludes from such credit: (1) any substance which has been subject to distillation at a distilled spirits plant after receipt in bond; and (2) wine containing more than 24 percent of alcohol by volume.
Bill· HRH.R. 5601 (96th)referred
United States · United States Congress · 16 October 1979
Amends the Internal Revenue Code to provide for a reduction of individual income tax rates by requiring the Secretary of the Treasury to increase the amount of taxable income in all categories whenever, for any month of a calendar year after 1979, the rate of unemployment is one percentage point above the rate of unemployment for December, 1971. Requires the Secretary to increase the amount of taxable income in the tax tables in such event by: (1) $3,400 for married couples filing jointly and surviving spouses; (2) $2,300 for heads of households or unmarried individuals; and (3) $1,700 for married individuals filing separately and estates and trusts. Limits the Secretary's action to only the first such month in a year if otherwise more than one month in such year would trigger application of this Act.
Bill· HRH.R. 5596 (96th)referred
United States · United States Congress · 16 October 1979
Amends the Internal Revenue Code to allow an income tax credit for expenditures to replace furnaces with furnaces that meet specified energy efficiency targets established by the Department of Energy. Limits the amount of such credit to 30 percent of expenditures under $2,000 and 20 percent of expenditures between $2,000 and $10,000.
Bill· HRH.R. 5598 (96th)referred
United States · United States Congress · 16 October 1979
Amends the Internal Revenue Code with respect to the charitable deduction allowable for the expenses of operating a motor vehicle to require the amount of such deduction to be the same as the amount the taxpayer would have received if engaged on official business for the Government and reimbursed accordingly.
Bill· HRH.R. 5599 (96th)referred
United States · United States Congress · 16 October 1979
Amends the Internal Revenue Code to require a maximum individual income tax rate of 50 percent. Provides for the phasing-in of such 50 percent rate by five percent decrements over four years, beginning with 65 percent in 1980.
Bill· SJRESS.J.Res. 112 (96th)referred
United States · United States Congress · 12 October 1979
Appropriates such amounts as may be necessary in fiscal year 1980 to continue Federal activities for which specified appropriations Acts will not have been enacted prior to September 30, 1979. Funds such activities in the same manner and amounts provided for in such Acts. States that if the Senate and the House of Representatives have both passed appropriations for an activity but in differing amounts, the lesser amount or more restrictive authority shall apply in the continuing appropriations. Declares that if an appropriations Act has passed only one House or if an activity has been funded in only one version of an Act passed by both Houses, the continuing appropriations shall not exceed the rate provided by the one House or the current rate, whichever is lower. Provides continuing appropriations for activities conducted in fiscal year 1979 and provided for in the Department of Defense Appropriation Act, 1979, at the current rate or the rate of the budget estimate, whichever is lower. Continues appropriations for the Legislative Branch at the rate provided in the Legislative Branch Appropriation Act, 1980, (H.R. 4390) as reported June 7, 1979. States that for the purpose of providing continuing appropriations, H.R. 4390 will be treated as appropriating sums for salaries and expenses of the Office of Technology Assessment and the General Accounting Office and funds for mail costs under the heading for Joint Items. Prohibits continuing appropriations for the Legislative Branch from being used to remodel the gallery in Statuary Hall in the Capitol to provide additional work space for Members of Congress. Appropriates sums at the current rate to continue the breeder reactor demonstration project or project alternative of the Department of Energy. Establishes the funding rate for continuing appropriations to the Department of State for migration and refugee assistance. Makes continuing appropriations for the Department of Transportation at the current rate or the rate of the budget estimate, whichever is lower. Authorizes the Panama Canal Commission to incur obligations at the rate provided for in H.R. 4440 as reported on June 13, 1979. Provides continuing appropriations for the activities of the Federal Inspector for the Alaska Gas Pipeline at a rate not to exceed 35 percent of the 1980 budget estimate. Makes continuing appropriations for activities provided for in the Department of Housing and Urban Development - Independent Agencies Appropriation Act, 1980, (H.R. 4394) at the rate adopted by the House of Representatives and the Senate on September 27 and 28, 1979, respectively. Permits such appropriations to be used to finance activities which were not funded in fiscal year 1979. Appropriates amounts to continue activities provided for in the Departments of Labor, and Health, Education, and Welfare and Related Agencies Appropriation Act, 1980, (H.R. 4389) at the rate adopted by the House of Representatives on August 2, 1979. Declares that the appropriations contained in this resolution shall remain available for expenditure until: (1) enactment of an appropriation for any activity provided for in this resolution; (2) enactment of the applicable appropriations Act without any provision for such an activity; or (3) or October 26, 1979, whichever first occurs. Authorizes the use of appropriations contained in this resolution without regard to the time limitations for submission and approval of apportionment required by law. Prohibits the use of appropriations to initiate or resume any activity for which funds were not available in fiscal year 1979. Authorizes the apportionment of appropriated funds on a deficiency basis indicating the need for a supplemental appropriation to the extent necessary to permit payment of pay increases granted pursuant to law. Prohibits the use of funds made available in fiscal year 1980 to the Department of Defense - Civil, Department of the Army, Corps of Engineers, in connection with the acquisition of land or easements near the four lake projects in the Yazoo Basin, Mississippi, pending the submission to Congress of the plan specified in the conference report accompanying H.R. 4388. Authorizes the use of continuing appropriations by the Appalachian Regional Commission at the rate provided in the applicable appropriation Act, notwithstanding the termination date of the Appalachian Regional Development Act of 1965. Increases the allowances for administrative and clerical expenses of each Senator from Minnesota and Texas in connection with the increase in population of such States. Makes continuing appropriations available to the Sergeant at Arms and Doorkeeper of the Senate for travel and administrative expenses. Requires that travel and transportation expenses of the executive branch be reduced by $625,000,000 below the amount proposed in the President's budget. Stipulates that funds available under the Department of Justice Appropriation Act, Fiscal Year 1979, for United States prisoners may be used to improve substandard State facilities holding Federal prisoners and that such authority shall be available for obligations incurred from September 26, 1979. States that funds appropriated for capital outlays in connection with the construction of the campus of the University of the District of Columbia shall expire on September 30, 1980, unless such funds have been obligated. Authorizes the Secretary of Transportation to guarantee certificates issued by the trustees of certain railroads which have filed petitions for reorganization without regard to provisions of law limiting such authority. Prohibits the use of appropriations to reorganize or consolidate the Alaska Railroad Office of Chief Counsel, the Office of Real Estate, or the Office of Financial Planning. Ratifies all obligations incurred in anticipation of appropriations and authority provided in this resolution.
Bill· HRH.R. 5585 (96th)referred
United States · United States Congress · 12 October 1979
Amends the Internal Revenue Code to revise the definition of tax-exempt mutual financial organization (e.g. credit unions) to include corporations and associations organized before January 1, 1963 (previously September 1, 1957).
Bill· HRH.R. 5557 (96th)referred
United States · United States Congress · 12 October 1979
Amends the Internal Revenue Code to increase the unified tax credit for both estate and gift taxes from $47,000 to $83,000, with inflation adjustments for every calendar year after 1980.
Bill· HRH.R. 5556 (96th)referred
United States · United States Congress · 12 October 1979
Amends the Internal Revenue Code to exclude from gross income, interest income or dividends earned on a savings account in a bank, savings and loan association, or credit union. Limits the amount of such exclusion to $500 for a dependent of a taxpayer, $600 for a head of household, and $1,200 for individuals filing a joint return.
Bill· HRH.R. 5562 (96th)referred
United States · United States Congress · 12 October 1979
Alcohol Fuel Use Act of 1979 - Amends the Internal Revenue Code to allow an income tax credit for 50 percent of the cost of converting a motor vehicle engine for the use of alcohol fuels. Limits the amount of such credit to $500 per vehicle.
Bill· SS. 1877 (96th)referred
United States · United States Congress · 11 October 1979
Amends the Internal Revenue Code, with respect to a married individual who files a joint return with his spouse, to allow a deduction, without regard to whether deductions are itemized, in an amount equal to 20 percent of: (1) the earned income of the spouse with the lesser earned income; or (2) if the earned income of each spouse is the same, the earned income of one of them. Limits such deduction to a maximum $4,000.
Bill· HRH.R. 5549 (96th)referred
United States · United States Congress · 11 October 1979
Amends the Internal Revenue Code to exclude from gross income proceeds from the redemption of bonds acquired under a tax-exempt bond purchase plan which are transferred to an individual retirement account within 60 days after such redemption.
Bill· HRH.R. 5542 (96th)referred
United States · United States Congress · 11 October 1979
Amends the Federal Civil Defense Act of 1950 to implement a new civil defense program for the 1980's designed to: (1) enhance the survivability of the American people and their leaders; (2) enhance strategic nuclear deterrence and stability; (3) continue and strengthen the Nation's policy of relying on superior nuclear forces and conventional tactical forces; (4) include planning and population relocation during times of international and domestic crisis; and (5) utilize the structure and capabilities of the National Guard to the maximum extent practicable. Directs the President to carry out such program and specifies elements to be included in such program. Authorizes appropriations to carry out the provisions of this Act for each of the fiscal years 1980 through 1986. Requires the Director of the Federal Emergency Management Agency to study the feasibility of using the National Guard as the principal organizing and training unit for local civil defense activities and to study the feasibility of using organizations composed of veterans, and other appropriate groups and individuals, to help in developing, staffing, and carrying out civil defense plans during periods of emergency. Requires the Director to submit the results of such studies to Congress within one year.
Bill· HRH.R. 5547 (96th)referred
United States · United States Congress · 11 October 1979
Amends the Internal Revenue Code to allow individuals a $5,000 exclusion from gross income for any amount received as an annuity, pension, or other retirement benefit.
Bill· HRH.R. 5539 (96th)referred
United States · United States Congress · 11 October 1979
Amends the Internal Revenue Code to qualify wood or coal burning stoves and furnaces for the income tax credit for residential energy conservation expenditures.
Resolution· HRESH.Res. 444 (96th)open
United States · United States Congress · 11 October 1979
Waives certain points of order against the consideration of the conference report on H.J. Res. 412 (Continuing appropriations).
Bill· HRH.R. 5524 (96th)referred
United States · United States Congress · 10 October 1979
Small Savers Protection Tax Act of 1979 - Amends the Internal Revenue Code to exclude from gross income up to $250 ($500 for married individuals filing jointly) of the interest earned on a savings account in a bank, savings association, or credit union.
Bill· HRH.R. 5530 (96th)referred
United States · United States Congress · 10 October 1979
Extends for one year the exclusion from gross income for income tax purposes amounts received by participants in the Uniformed Services Health Professions Scholarship program and amounts received as National Research Service Awards. Extends, through January 1, 1983, the election to deduct annually up to $25,000 in capital costs incurred during the taxable year for the removal of architectural and transportation barriers to the handicapped and elderly. Extends for one year provisions of the Revenue Act of 1978 which set forth criteria for determining whether individuals are employees for purposes of the employment taxes. Extends for one year the prohibition of the issuance of regulations by the Internal Revenue Service regarding the employment status of any individual for purposes of the employment tax. Defers for two years the effective date of provisions under the Tax Reform Act of 1976 relating to special limitations on net operating loss carryovers.
Bill· HRH.R. 5527 (96th)referred
United States · United States Congress · 10 October 1979
Amends the Internal Revenue Code to extend to January 1, 1984, the period during which taxpayers may elect to depreciate rehabilitation expenditures with respect to low-income rental housing under the straight line method over a period of 60 months. Increases the amount of such expenditures that may be depreciated from $20,000 to $30,000.
Bill· SS. 1867 (96th)referred
United States · United States Congress · 9 October 1979
Amends the Internal Revenue Code with respect to the charitable deduction allowable for the expenses of operating a motor vehicle to require the amount of such deduction to be the same as the amount the taxpayer would have received if he were engaged on official business for the Government and reimbursed accordingly.
Bill· HRH.R. 5513 (96th)referred
United States · United States Congress · 9 October 1979
Amends the Internal Revenue Code to exclude from gross income up to $500 of the interest earned on a savings account.
Bill· HRH.R. 5512 (96th)referred
United States · United States Congress · 9 October 1979
Amends the Internal Revenue Code with respect to tax-exempt private foundations to exempt from the excise tax on self-dealing the leasing of office space to such a foundation by a disqualified person for use by the foundation in a building whose other tenants are not disqualified persons, if: (1) such leasing is pursuant to a binding lease in effect on October 9, 1969, or pursuant to renewals of such a lease; (2) the original execution of such lease was not a prohibited transaction; and (3) the space is made available to the foundation on a basis no less favorable than it would be if the transaction were at arm's length.