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Bill· HRH.R. 6977 (110th)referred
United States · United States Congress · 18 September 2008
Loan Shark Prevention Act - Amends the Truth in Lending Act to limit: (1) the annual percentage rate (APR) applicable to any extension of credit to a maximum of 8 percentage points above the interest rate on tax underpayments established under the Internal Revenue Code; and (2) the amount of any fee or charge that a creditor may impose, under the terms of a credit transaction, to $15. Declares that, in the case of any credit card account under an open end consumer credit plan, no fee (including any annual fee, late payment fee, or over-the-limit fee) may be imposed on such account until 30 days after the obligor receives a specific notice of the imposition of such fee. Requires such a notice to explain how, when, and why a fee will be imposed and what options the obligor may have for addressing the fee or any reason for it, including the prevention of any future imposition of such fee.
Bill· HRH.R. 6967 (110th)referred
United States · United States Congress · 18 September 2008
Debt Repayment Instead of Pork Act of 2008 - Amends the Congressional Budget Act of 1974 to make it out of order in the House of Representatives or the Senate to consider any bill, joint resolution, amendment, motion, or conference report providing new budget authority for earmarks if the enactment of such measure as reported, the adoption and enactment of that amendment, or the enactment of legislation in the form recommended in that conference report would cause the level of total outlays for earmarks for any fiscal year to exceed the amount of the estimated budget surplus for that fiscal year. Makes it out of order for any fiscal year in which there is no budget surplus to consider any such measure that carries an earmark. Requires the Director of the Congressional Budget Office (CBO), by March 1 of each calendar year, to prepare, and submit to the congressional budget committees, an estimate of the surplus or deficit for the next fiscal year.
Bill· HRH.R. 6961 (110th)referred
United States · United States Congress · 18 September 2008
Healthcare Enhancement for Local Public Servants Act of 2008 - Amends the Internal Revenue Code to: (1) extend eligibility for tax-free distributions from governmental employee benefit plans for health and long-term care insurance to any retired state or local public employee (currently, limited to retired public safety officers); (2) provide for a tax deduction of such distributions rather than an exclusion from gross income; (3) allow nonitemizing taxpayers to claim such tax deduction; and (4) allow an annual inflation adjustment to the $3,000 distribution limit beginning after 2009.
Bill· HRH.R. 6972 (110th)referred
United States · United States Congress · 18 September 2008
Amends the Internal Revenue Code to allow a taxpayer who uses a residence to conduct a trade or business a standard tax deduction equal to the lesser of $2,000 or the taxpayer's gross trade or business income derived from the business use of such residence. Provides for an inflation adjustment to such deduction amount beginning after 2008.
Bill· SS. 3506 (110th)referred
United States · United States Congress · 17 September 2008
Amends the Internal Revenue Code to: (1) increase the percentage rate of the tax credit for the purchase of alternative fuel motor vehicles fueled by natural gas or liquefied natural gas; and (2) extend through 2017 the tax credit for new qualified alternative fuel vehicles. Amends the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users to: (1) increase the percentages for grant funding to replace school buses under the clean school bus program; and (2) increase and extend funding for such program for FY2010-FY2015. Requires the Administrator of the General Services Administration (GSA) to study and report to Congress on increasing the number of natural gas vehicles in the federal fleet.
Bill· SS. 3503 (110th)referred
United States · United States Congress · 17 September 2008
Organ Transplant Authorization Act of 2008 - Amends the Public Health Service Act to increase the maximum amount of funds provided for the establishment and operation of the Organ Procurement and Transplantation Network for any fiscal year.
Bill· HRH.R. 6918 (110th)referred
United States · United States Congress · 17 September 2008
Evacuees Assistance Act of 2008 - Amends the Internal Revenue Code to allow individual taxpayers a tax credit, up to $2,000, for uncompensated travel expenses (including meals and lodging) incurred due to a mandatory evacuation of a disaster area.
Bill· HRH.R. 6914 (110th)referred
United States · United States Congress · 16 September 2008
Renewable Energy Tax Extenders Act - Amends the Internal Revenue Code to extend through 2018 the tax credit for producing electricity from certain renewable resources (e.g., wind, biomass, solar energy, small irrigation power, landfill gas, trash combustion, and hydropower facilities). Includes marine and hydrokinetic renewable energy as a renewable resource for purposes of such credit. Extends through 2018: (1) the energy tax credit for solar energy, fuel cell, and microturbine property; and (2) the tax credit for residential energy efficient property expenditures. Allows a 30% residential energy efficiency tax credit for the installation of geothermal heat pump systems. Extends through 2018 the alternative motor vehicle tax credit. Eliminates the limitation on the number of new qualified hybrid and advanced lean-burn technology vehicles eligible for such credit.
Bill· HRH.R. 6915 (110th)referred
United States · United States Congress · 16 September 2008
Energy Efficient Vehicles Act - Amends the Internal Revenue Code to extend through 2018 the tax credit for alternative motor vehicles. Repeals the limitation on the number of new qualified hybrid and advanced lean-burn technology vehicles eligible for such credit.
Bill· HRH.R. 6912 (110th)referred
United States · United States Congress · 16 September 2008
Rural Hospital Assistance Act of 2008 - Amends title XVIII (Medicare) of the Social Security Act with respect to the additional inpatient hospital service payment (payment adjustment) for low-volume hospitals (usually meaning a "subsection (d) hospital" located more than 25 road miles from another subsection (d) hospital and having less than 800 discharges during the fiscal year.) Redefines low-volume hospital, for discharges occurring during FY2009 only, as a "subsection (d) hospital" located more than 15 (instead of 25) road miles from another "subsection (d) hospital" and having less than 1,500 (instead of 800) discharges of individuals entitled to, or enrolled for, Medicare part A (Hospital Insurance) benefits ("tweeners,'' or hospitals too large to be critical access hospitals, but too small to be financially viable under the Medicare hospital prospective payment system (PPS)). Revises, for FY2009 only, the temporary applicable percentage in the formula for determining the payment adjustment for such hospitals. Requires the use of the non-wage adjusted prospective payment rate (PPS) rate during FY2009 under the Medicare-dependent hospital (MDH) program. Prescribes requirements for hospitals to qualify for a Medicare hospital exception to the prohibition on certain physician referrals to hospitals in which such physicians have an ownership or investment interest in the entity. (Eliminates the Medicare hospital exception for physician-owned hospitals, but provides a limited exception for existing facilities.)
Bill· SS. 3488 (110th)referred
United States · United States Congress · 15 September 2008
Incentive to Serve Tax Act - Amends the Internal Revenue Code to allow employers a business tax credit for 25% of wages paid to employees while such employees are performing certain services (e.g., services advancing the improvement of education, health care access, energy conservation, economic opportunities for economically disadvantaged individuals, and disaster preparedness and response) for charitable organizations and community agencies. Limits the amount of wages eligible for such credit to $100,000 per employee.
Bill· HRH.R. 6899 (110th)open
United States · United States Congress · 15 September 2008
Comprehensive American Energy Security and Consumer Protection Act - Prohibits oil and gas preleasing or leasing of any area of the Outer Continental Shelf that was not available for oil and gas leasing as of July 1, 2008, unless that action is expressly authorized by this Act or a statute enacted by Congress after the date of enactment of this Act. Authorizes oil and gas leasing, under certain conditions, for any area that: (1) is in any Outer Continental Shelf Planning Area in the Atlantic Ocean or Pacific Ocean that is located farther than 50 miles from the coastline; and (2) was not otherwise available for oil and gas leasing, preleasing, and other related activities as of July 1, 2008. Requires approval of the adjacent state for oil or gas leasing in any area located within 100 miles from its coastline and within its seaward lateral boundaries. Prohibits such leasing in certain areas. Royalty Relief for American Consumers Act of 2008 - Requires the Secretary of the Interior to agree to any lessee request to amend any oil and gas lease issued for any Gulf of Mexico tract during 1998-1999 to incorporate specified price thresholds applicable to royalty suspensions. Reaffirms authority of such Secretary to vary the suspension of royalties under certain leases, based on the price of production. Prescribes eligibility requirements for new leases and the transfer of lease Establishes a Strategic Energy Efficiency and Renewables Reserve. Prescribes conditions for: (1) federal receipt of oil or gas as royalties in-kind; and (2) royalty-in kind ethics. Empowers the Inspector General of the Department of the Interior to use subpoenas to pursue any investigation involving property leases from the United States through the Minerals Management Services for purposes of oil and mineral extraction. Amends the Federal Oil and Gas Royalty Management Act of 1982 to revise requirements governing: (1) interest; (2) obligation period; (3) tolling agreements and subpoenas; and (4) liability for royalty payments. Drill Responsibly in Leased Lands Act of 2008 - Amends the Naval Petroleum Reserves Production Act of 1976 to provide for acceleration of lease sales for national petroleum reserve in Alaska. Directs the Federal Energy Regulatory Commission (FERC) to facilitate construction of pipelines to transport oil and natural gas from or through the National Petroleum Reserve in Alaska to existing transportation or processing infrastructure on the North Slope of Alaska. Bans the export of Alaskan oil. Amends the Department of the Interior, Environment, and Related Agencies Appropriations Act, 2008 to repeal the ban on: (1) final regulations regarding a commercial leasing program for oil shale resources on public lands; and (2) oil shale lease sales. Amends the Energy Policy Act of 2005 to require state approval of federal oil shale leasing in the state. Consumer Energy Supply Act of 2008 - Prescribes conditions for the sale and replacement of oil from the Strategic Petroleum Reserve (SPR). Saving Energy Through Public Transportation Act of 2008 - Provides for: (1) grants to improve public transportation services; (2) vanpool demonstration projects; and (2) a national consumer awareness program on public transportation alternatives. Amends the Energy Conservation and Production Act to revise requirements for the updating of state building energy codes. Amends the Public Utility Regulatory Policies Act of 1978 to prescribe a federal renewable electricity standard. Green Resources for Energy Efficient Neighborhoods Act of 2008, or the GREEN Act of 2008 - Prescribes requirements for Department of Housing and Urban Development (HUD) programs and activities relating to energy efficiency, including standards and energy efficient mortgages. Directs the Secretary of Energy to award a competitive grant to one consortium of institutions of higher education to establish a National Energy Center of Excellence. Energy Tax Incentives Act of 2008 - Amends the Internal Revenue Code to set forth incentives and credits relating, in part, to: (1) clean renewable energy bonds; (2) advanced coal project investments; (3) transportation and domestic fuel security; and (4) energy conservation and efficiency.
Law· HRH.R. 6893 (110th)enacted
United States · United States Congress · 15 September 2008
Fostering Connections to Success and Increasing Adoptions Act of 2008 - Amends Part E (Federal Payments for Foster Care and Adoption Assistance) of title IV of the Social Security Act (SSA) to give state plans the option of providing for the state to enter into agreements to provide kinship guardianship assistance payments to grandparents and other relatives who have assumed legal guardianship of children for whom they have: (1) cared as foster parents; and (2) committed to care on a permanent basis. Amends SSA title IV part B (Child and Family Services) to authorize the Secretary of Health and Human Services to make matching grants to state, local, or tribal child welfare agencies and experienced private nonprofit organizations to help children in, or at risk of entering, foster care to reconnect with family members. Provides or revises requirements for: (1) case-by-case waiver of licensing standards for relatives; (2) adoptive or guardianship placement after attaining age 18; (3) a transition plan for children aging out of foster care; (4) short-term training for child welfare agencies, relative guardians, and court personnel; (5) educational stability of the child while in foster care; (6) ongoing oversight and coordination of health care services for any child in a foster care placement; (7) placement of siblings in the same foster care, kinship guardianship, or adoptive placement; (8) foster care and tribal programs operated by Indian tribal organizations; and (9) adoption of children with special needs. Extends the adoption incentives payment program, and increases incentive payments for special needs adoptions and older child adoptions. Amends the Internal Revenue Code to: (1) require the children in adoption to be younger than the claimant and unmarried for purposes of claiming such child as a qualifying child; and (2) restrict qualifying child tax benefits to the child's parent unless certain conditions apply. Authorizes the Secretary of the Treasury to invest U.S. operating cash in repurchase agreements with acceptable parties.
Bill· HRH.R. 6896 (110th)referred
United States · United States Congress · 15 September 2008
Timber Revitalization and Economic Enhancement Act II of 2008 - Amends the Internal Revenue Code to make permanent: (1) the reduction in the rate of tax on the net timber gain of corporations; and (2) rules for the treatment of timber real estate investment trust (REIT) gains, mineral royalty income, and prohibited transactions.
Law· HRH.R. 6890 (110th)enacted
United States · United States Congress · 15 September 2008
Amends the Hurricane Education Recovery Act, title IV of division B of the Department of Defense, Emergency Supplemental Appropriations to Address Hurricanes in the Gulf of Mexico, and Pandemic Influenza Act, 2006, with respect to elementary and secondary education hurricane recovery relief. Extends through FY2009 the authority of the Secretary of Education, in providing any grant or other assistance to an entity in a state which in 2005 suffered a major disaster related to Hurricane Katrina or Hurricane Rita, to waive or modify, in order to ease fiscal burdens, any elementary and secondary education assistance requirement relating to: (1) maintenance of effort; (2) use of federal funds to supplement, not supplant, non-federal funds; or (3) any non-federal share or capital contribution required to match federal funds.
Bill· HRH.R. 6897 (110th)open
United States · United States Congress · 15 September 2008
Filipino Veterans Equity Act of 2008 - Establishes in the Treasury the Filipino Veterans Equity Compensation Fund, whose amounts shall be available to the Secretary of Veterans Affairs without fiscal year limitation to make payments to specified eligible persons who served: (1) before July 1, 1946, in the organized military forces of the government of the Commonwealth of the Philippines, while in the service of the Armed Forces of the United States; or (2) in the Philippine Scouts. Sets the payment amounts at $15,000 for U.S. citizens and $9,000 for non-U.S. citizens.
Resolution· HRESH.Res. 1433 (110th)passed
United States · United States Congress · 15 September 2008
Sets forth the rule for consideration of the bill (H.R. 6899) to advance the national security interests of the United States by reducing its dependency on oil through renewable and clean, alternative fuel technologies while building a bridge to the future through expanded access to Federal oil and natural gas resources, revising the relationship between the oil and gas industry and the consumers who own those resources and deserve a fair return from the development of publicly owned oil and gas, ending tax subsidies for large oil and gas companies, and facilitating energy efficiencies in the building, housing, and transportation sectors.
Law· SS. 3477 (110th)open
United States · United States Congress · 11 September 2008
Presidential Historical Records Preservation Act of 2008 - Authorizes appropriations for the National Historical Publications and Records Commission for FY2010. Requires the Archivist of the United States, with the recommendation of the Commission, to make grants to eligible entities on a competitive basis to promote the historical preservation of, and public access to, historical records and documents relating to any President who does not have a presidential archival depository currently managed and maintained by the federal government pursuant to the Presidential Libraries Act of 1955. Defines eligible entities as specified tax-exempt organizations or state or local governments. Prohibits the use of grants for the maintenance, operating costs, or construction of any facility to house the historical records or documents. Prohibits the Commission from approving a grant application unless an entity establishes that it meets certain requirements, including that it: (1) ensures the preservation of, and access to, such historical works and collections of historical sources at no charge to the public; (2) has educational programs that make the use of such documents part of the entity's mission; and (3) has raised funds from nonfederal sources in support of the entity's efforts to promote such preservation and access.
Bill· SS. 3478 (110th)referred
United States · United States Congress · 11 September 2008
Energy Independence and Investment Act of 2008 - Amends and extends Internal Revenue Code provisions relating to energy production, transportation and domestic fuel security, energy conservation and efficiency, and nuclear power. Extends through 2011 the tax credit for production of electricity from specified renewable resources, including wind energy, biomass, geothermal energy, refined coal, and hydropower. Includes marine and hydrokinetic renewable energy as a renewable resource for purposes of such tax credit. Extends through 2016 the energy tax credit for solar, fuel cell, and microturbine property and the tax credit for residential energy efficient property. Allows a new investment tax credit for combined heat and power system property. Allows a residential energy efficient tax credit for 30% of expenditures for wind turbines used to generate electricity in a residence and for geothermal heat pumps. Allows a new tax credit for investment in new clean renewable energy bonds for capital expenditures for renewable energy facilities. Allows an energy tax credit for wind turbines to generate electricity and for geothermal heat pumps. Allows a 30% investment tax credit rate for advanced coal-based generation technology projects and increases the maximum credit amount allocable for such projects to $3.3 billion. Increases to 30% the investment tax credit rate for coal gasification projects. Extends the excise tax on coal until the earlier of December 31, 2018, or the day after the first December 31st after December 31, 2007, on which there is no balance of repayable advances made to the Black Lung Disability Trust Fund and no unpaid interest on such advances. Sets forth a special rule for refund claims of coal excise tax by certain coal producers and exporters. Allows a new tax credit for carbon dioxide sequestration. Requires the Secretary of the Treasury to undertake a comprehensive review of Internal Revenue Code provisions that have the largest effects on carbon and other greenhouse gas emissions and to provide an estimate of the magnitude of such effects. Includes cellulosic biofuel within the definition of "biomass ethanol plant property" for purposes of bonus depreciation. Extends through 2011 income and excise tax credits for biodiesel and renewable diesel used as fuel. Increases the rates of such credits. Disqualifies foreign-produced fuel that is used or sold for use outside the United States from the income and excise tax credits for alcohol, biodiesel, and alternative fuel production. Allows a new tax credit for the production of qualified plug-in electric drive motor vehicles. Extends the tax credits for investment in alternative motor vehicles and alternative fuel. Allows an exclusion from the heavy truck excise tax for idling reduction devices and advanced insulation used in certain heavy trucks and trailers. Extends through 2012 the tax credit for alternative fuel refueling property expenditures. Extends through 2011 the income and excise tax credits for alcohol used as fuel. Allows a new tax credit for small fossil free alcohol production. Extends through 2013 the election to expense the cost of certain refinery property. Extends through 2010: (1) the suspension of the taxable income limit on percentage depletion for oil and natural gas produced from marginal properties; and (2) the tax credit for new energy efficient homes. Allows a tax credit for investment in qualified energy conservation bonds for capital expenditures for energy conservation projects. Extends the tax credit for nonbusiness energy property expenditures through 2008. Includes energy-efficient biomass fuel stoves as property eligible for such tax credit. Extends through 2013 the tax deduction for energy efficient commercial building expenditures. Modifies tax credit amounts for energy efficient household appliances produced after 2007. Allows accelerated depreciation of qualified smart electric meters and smart electric grid systems and reuse and recycling property. Modifies requirements for the tax credit for production from advanced nuclear power facilities. Allows individuals who receive a settlement from Exxon Valdez oil spill litigation to average any settlement or judgment-related income over a three-year period or contribute such income to a tax-exempt retirement account. Provides for revenue enhancements by: (1) limiting the tax deduction for income attributable to domestic production activities for taxpayers with gross receipts derived from oil, gas, or any primary products thereof; (2) imposing an excise tax on crude oil and natural gas produced from the Outer Continental Shelf in the Gulf of Mexico; (3) conforming the tax treatment of foreign oil and gas extraction income and foreign oil related income for purposes of the foreign tax credit; (4) requiring investment brokers to report information relating to customer basis in securities transactions; and (5) increasing and extending through 2017 the Oil Spill Liability Trust Fund financing rate. Amends the Secure Rural Schools and Community Self-Determination Act of 2000 to modify and extend such Act through FY2011. Modifies the definition of "qualifying child" for purposes of the income tax exemption for dependents.
Bill· SS. 3481 (110th)referred
United States · United States Congress · 11 September 2008
Amends the Internal Revenue Code to increase the dollar amount of the tax credit for new qualified hybrid motor vehicles that are school buses for vehicles placed in service during periods prior to January 1, 2013.
Bill· SS. 3471 (110th)referred
United States · United States Congress · 11 September 2008
Prohibits the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) and their affiliates from making: (1) lobbying expenditures; (2) political contributions; or (3) contributions to any nonprofit tax-exempt organization. Declares that violating this Act shall constitute violation of federal law limiting the use of appropriated funds to influence certain federal contracting and financial transactions (thus, imposing the same penalties).
Bill· HRH.R. 6876 (110th)referred
United States · United States Congress · 11 September 2008
Cleaner Trucks for America Act of 2008 - Amends the Internal Revenue Code to increase the tax credit amount for new qualified fuel cell motor vehicles with gross vehicle weight ratings of more than 26,000 pounds from $40,000 to $80,000.
Bill· HRH.R. 6872 (110th)referred
United States · United States Congress · 11 September 2008
Presidential Historical Records Preservation Act of 2008 - Authorizes appropriations for the National Historical Publications and Records Commission for FY2010. Requires the Commission to make grants to eligible entities on a competitive basis to promote the historical preservation of, and public access to, historical records and documents relating to any President who does not have a presidential archival depository currently managed and maintained by the federal government pursuant to the Presidential Libraries Act of 1955. Defines eligible entities as specified tax-exempt organizations or state or local governments. Prohibits the use of grants for the maintenance, operating costs, or construction of any facility to house the historical records or documents. Prohibits the Commission from approving a grant application unless an entity establishes that it meets certain requirements, including that it: (1) ensures the preservation of, and access to, such historical works and collections of historical sources at no charge to the public; (2) has educational programs that make the use of such documents part of the entity's mission; and (3) has raised funds from nonfederal sources in support of the entity's efforts to promote such preservation and access.
Bill· HRH.R. 6880 (110th)referred
United States · United States Congress · 11 September 2008
Amends the Internal Revenue Code to allow individual taxpayers a tax credit for uncompensated personal casualty losses to their principal residences (or to contents in such residences) as a result of Hurricane Gustav in 2008.
Bill· HRH.R. 6868 (110th)referred
United States · United States Congress · 10 September 2008
Energy View Into Securing Independence for Our Nation Act – Requires the Secretary of Energy (Secretary) to facilitate competitions to develop: (1) a direct drop-in replacement fuel for aviation; and (2) a prototype and manufacturing plan for alternative technology vehicles. Authorizes the Secretary of Transportation to make grants to establish and operate an anti-idling power unit research program. Amends the Internal Revenue Code to modify and set forth provisions concerning tax credits for clean renewable energy bonds, bi-fuel vehicle property, electricity produced from certain renewable resources, residential energy efficiency, and automobile efficiency upgrades in connection with a qualified trade-ins. Requires the Secretary to reestablish a federal contribution to the FutureGen project to develop carbon sequestration technology, build a near-zero emissions fossil fuel power plant, and identify useful applications for the emissions. Authorizes the appropriation of funds to the Secretary for Energy Frontier Research Centers for activities to accelerate the rate of scientific breakthroughs needed to create advanced energy technologies. Establishes: (1) the Energy View Into Securing Independence for Our Nation (VISION) Commission; and (2) the Energy VISION Fund to be used for the research and development of strategic unconventional fuels, solar and wind technology, renewable energy, innovative technology incentives, geothermal energy, and energy storage. Declares existing federal prohibitions against spending appropriated funds for leasing and preleasing Outer Continental Shelf (OCS) oil and natural gas to be without force or effect. Revokes: (1) all withdrawals from leasing on federal submerged lands of the OCS; and (2) presidential authorities with respect to such leasing, except in the interest of national security. Amends of the Outer Continental Shelf Lands Act to authorize a state governor to petition the Secretary of the Interior to issue leases for oil and natural gas exploration and extraction activities in any area that is at least 50 miles beyond the state's coastal zone. Instructs the Secretary of the Treasury to deposit revenues from leasing operations into designated funds and accounts. Requires the Secretary of the Interior to establish a competitive oil and gas leasing program that will result in an environmentally sound program for the exploration, development, and production of the Coastal Plain's oil and gas resources. Amends the Alaska National Interest Lands Conservation Act of 1980 to repeal a provision concerning the prohibition on leasing or other development leading to the production of oil and gas from the Arctic National Wildlife Refuge. Authorizes the Secretary of the Interior to designate certain Coastal Plain lands as Special Areas requiring special management and regulatory protection, including the Sadlerochit Spring area. Requires the Secretary of the Interior to convey specified lands to the Kaktovik Inupiat Corporation and the Arctic Slope Regional Corporation. Authorizes the Secretary of the Interior to use amounts in the Coastal Plain Local Government Impact Aid Assistance Fund to provide assistance to entities that are directly impacted by the exploration for or production of oil and gas on the Coastal Plain. Declaring a Change in our Operating System for the Promotion of Nuclear Energy Act – Amends the Atomic Energy Act to revise provisions concerning hearings and judicial review under such Act. Amends the Energy Policy Act of 2005 to set forth provisions concerning standby loans for qualifying coal-to-liquid projects.
Bill· HRH.R. 6863 (110th)referred
United States · United States Congress · 10 September 2008
Government Shutdown Prevention Act - Provides for automatic continuing appropriations if any regular appropriation for a fiscal year (or, if applicable, for each fiscal year in a biennium) does not become law before the beginning of such fiscal year, or a joint resolution making continuing appropriations is not in effect. Appropriates amounts necessary to continue any project or activity for which funds were provided in the preceding fiscal year: (1) in the corresponding regular appropriation Act for such preceding fiscal year; or (2) if such legislation did not become law, then in the joint resolution making continuing appropriations for such preceding fiscal year. Requires the appropriations and funds made available, and authority granted, for any fiscal year for a project or activity to be available for the period beginning with the first day of a lapse in appropriations and ending with the earlier of: (1) the date on which the applicable regular appropriation bill for such fiscal year becomes law (whether or not such law provides for such project or activity) or a continuing resolution making appropriations becomes law, as the case may be; or (2) the last day of such fiscal year. Declares that this Act imposes no prohibition on the expenditure of funds: (1) to prepare or publish final regulations regarding a commercial leasing program for oil shale resources on public lands pursuant to the Energy Policy Act of 2005 or to conduct an oil shale lease sale; (2) by the Department of the Interior for the conduct of offshore preleasing, leasing, and related activities placed under restriction in the President's moratorium statement of June 12, 1998, in specified areas; or (3) by the Department to conduct oil and natural gas preleasing, leasing and related activities in the mid-Atlantic and South Atlantic planning areas.
Bill· HRH.R. 6854 (110th)referred
United States · United States Congress · 10 September 2008
Fair Deal for Volunteers Act of 2008 - Amends the Internal Revenue Code to: (1) increase the standard mileage rate for use of a passenger automobile for charitable purposes to a rate not less than the rate used for the tax deduction for medical expenses; and (2) exclude from the gross income of charitable volunteers reimbursements paid to them for the use of a passenger automobile for the benefit of a charitable organization.
Bill· HRH.R. 6844 (110th)referred
United States · United States Congress · 9 September 2008
Suspension of Federal Income Tax on Unemployment Benefits Act of 2008 - Amends the Internal Revenue Code to suspend, for taxable years beginning after December 31, 2007, and before January 1, 2010, the taxation of unemployment compensation.
Bill· SS. 3450 (110th)referred
United States · United States Congress · 8 September 2008
Rescinds specified Supplemental Appropriations Act, 2008 funds: (1) under the Economic Support Fund for Iraq; and (2) under the Iraq Security Forces Fund.
Bill· HRH.R. 6835 (110th)referred
United States · United States Congress · 8 September 2008
Giving Incentives to Volunteers Everywhere Act of 2008 or the GIVE Act of 2008 - Amends the Internal Revenue Code to: (1) increase the standard mileage rate for use of a passenger automobile for charitable purposes to 70% of the current rate for business usage; and (2) exclude from the gross income of charitable volunteers reimbursements paid to them for the use of a passenger automobile for the benefit of a charitable organization.
Bill· SS. 3446 (110th)referred
United States · United States Congress · 1 August 2008
Amends the Internal Revenue Code to allow the owner of a telecommunications business to defer for three years the tax on the gain, up to $350 million, from a sale of such business to a business owned by a member or members of a socially or economically disadvantaged group (e.g., Black Americans, Hispanic Americans, Native Americans, or Asian Pacific Americans) or to reduce the basis of property held by such seller by the amount of gain realized from a sale. Defines "telecommunications business" as any business providing communication services by wire, cable, radio, satellite, or other technology if governed by the Communications Act of 1934 or the Telecommunications Act of 1996. Authorizes the Administrator of the Small Business Administration (SBA) to guarantee loans for the purchase of a telecommunications business under this Act. Directs the Comptroller General to audit the administration of the tax deferral provisions of this Act, to report on such audit every five years, and to include in such report an assessment of the small business loan guarantee program.
Bill· SS. 3428 (110th)referred
United States · United States Congress · 1 August 2008
Commercial Motor Vehicle Advanced Safety Technology Tax Act of 2008 - Amends the Internal Revenue Code to allow a general business tax credit for 50% of the cost of placing in service any qualified commercial vehicle advanced safety system. Defines "qualified commercial vehicle advanced safety system" as a manufacturer-certified brake stroke monitoring system, lane departure warning system, collision warning system, or vehicle stability system identified by the Federal Motor Carrier Safety Administration or the National Highway Traffic Safety Administration as significantly enhancing the safety or security of commercial drivers, vehicles, or passengers. Terminates such credit after 2013.
Bill· SS. 3418 (110th)referred
United States · United States Congress · 1 August 2008
State Video Tax Fairness Act of 2008 - Prohibits any state from imposing a discriminatory tax on any means of providing multichannel video programming distribution services, including Internet protocol technology (or any successor protocol), direct broadcast satellite delivery, and cable television services. Defines a tax as discriminatory if the net tax imposed on one means of providing multichannel video service is higher than the net tax rate imposed on another. Applies this prohibition only to any tax imposed on or after January 1, 2008.
Bill· SS. 3429 (110th)referred
United States · United States Congress · 1 August 2008
Giving Incentives to Volunteers Everywhere Act of 2008 or the GIVE Act of 2008 - Amends the Internal Revenue Code to: (1) increase the standard mileage rate for use of a passenger automobile for charitable purposes to 70% of the current rate for business usage; and (2) exclude from the gross income of charitable volunteers reimbursements paid to them for the use of a passenger automobile for the benefit of a charitable organization.
Bill· SS. 3427 (110th)referred
United States · United States Congress · 1 August 2008
Costal [ sic ] Homeowners Assistance Act - Amends the Internal Revenue Code to allow tax credits for: (1) 25% of the qualified hurricane mitigation property expenditures incurred by a homeowner in a federally declared hurricane disaster area or in a county located in a state which borders the Atlantic Ocean or the Gulf of Mexico, up to $5,000; and (2) 50% of the increases in homeowner insurance premiums in such disaster areas, up to $5,000. Includes within the definition of "qualified hurricane mitigation property expenditures" expenditures to improve the strength of a roof deck attachment, create a secondary water barrier, improve the durability of a roof covering, or protect exterior doors and garages.
Bill· SS. 3421 (110th)referred
United States · United States Congress · 1 August 2008
Amends the Internal Revenue Code to increase the standard mileage rate for the tax deduction for the charitable use of passenger automobiles from 14 cents per mile to the standard mileage rate prescribed by the Secretary of the Treasury for business purposes (50.5 cents per mile for January 1 through June 30, 2008, and 58.5 cents per mile for July 1 through December 31, 2008).
Bill· HRH.R. 6828 (110th)referred
United States · United States Congress · 1 August 2008
Export Control Improvements Act - Securing Exports Through Coordination and Technology Act - Amends the Foreign Relations Authorization Act, Fiscal Year 2003 to revise filing requirements under the Automated Export System (AES). Requires carriers obliged to file Shipper's Export Declarations to file them through AES (either directly or through intermediaries) before items are exported from any U.S. port, unless the Secretary of Commerce grants an exception. (Under current law such a filing may be made after departure of the carrier from the port or place of exportation or transportation.) Defines "intermediary" as a freight forwarder, a non-vessel operating common carrier, or an ATA (Admission Temporaire/Temporary Admission) Carnet and its service providers. Sets forth requirements regarding conferences and seminars to educate exporters about U.S. export laws and the AES. Authorizes the Secretary to: (1) register persons to file information in the AES; and (2) revoke, suspend, or deny a registration. Provides for administrative and judicial appeal of registration revocations, suspensions, or denials. Requires the Secretary of Commerce to issue regulations to ensure that the AES will identify filings with respect to exports that would violate U.S. export control laws or trade sanctions regulations. Export Enforcement Act of 2008 - Amends the Export Administration Act of 1979 to modify enforcement mechanisms under the Act. Subjects to forfeiture any tangible items lawfully seized by U.S. designated officers or employees. Specifies the use of funds made available for undercover investigation operations by the Office of Export Enforcement. Authorizes the Secretary of Commerce, without fiscal year limitations, to expend funds transferred to, paid to, received by, or made available to the Bureau of Industry and Security of the Department of Commerce as a reimbursement. Recognizes United Arab Emirates' efforts with respect to the diversion of dual-use items to prohibited destinations. Requires the Secretary of Commerce to: (1) create a designation of a country as a "country of diversion concern" with respect to the illegal transshipment of dual-use items; and (2) impose additional restrictions on exports of such items to a country of diversion concern. Directs the Comptroller General to conduct, and report to the appropriate congressional committees on, an audit of the Validated End-User program operated by the Department of Commerce. Requires the President to report to Congress on transfers of U.S. military sensitive technology to countries and entities of concern.
Bill· HRH.R. 6818 (110th)referred
United States · United States Congress · 1 August 2008
Spurring Our Limitless and Abundant Renewable Energy Act of 2008 - Amends the Internal Revenue Code to allow an increased residential energy efficient tax credit for solar electric property placed in service in a principal residence in 2009.
Bill· HRH.R. 6788 (110th)referred
United States · United States Congress · 1 August 2008
SCHIP Full Funding Extension Act of 2008 - Amends title XXI (State Children's Health Insurance) (SCHIP) of the Social Security Act to extend through FY2012 funding under the SCHIP program, including additional allotments to maintain SCHIP funding for such fiscal years in shortfall states. Grants qualifying states the option to receive the enhanced portion of the SCHIP matching rate for Medicaid coverage of certain children.
Bill· HRH.R. 6779 (110th)referred
United States · United States Congress · 1 August 2008
Security and Energy for America Act of 2008 or the SEA Act of 2008 - Secure Rural Schools and Counties Act of 2008 - Amends federal law governing payment for certain federal lands (entitlement land) to prescribe: (1) a transitional funding schedule for payments in lieu of taxes; and (2) transitional payments to states and counties previously entitled to payments under the Secure Rural Schools and Community Self-determination Act of 2000. Expresses the sense of Congress that: (1) amounts made available by a state to certain counties to support public schools should be in addition to, and not in lieu of, general state funds to support such schools; and (2) a state should not adjust education funding allocations to reflect specified receipts. State Enhanced Authority for Coastal and Ocean Resources Act of 2008 or SEACOR - Amends the Submerged Lands Act (SLA) to: (1) revise the seaward boundaries of states; and (2) except from confirmation and establishment of states' title, power, and rights any oil and gas mineral rights located within the revised seaward boundaries. Amends the Outer Continental Shelf Lands Act (OCSLA) regarding Adjacent Zones and Planning Areas in the Outer Continental Shelf (OCS). Sets forth procedures for the Secretary of the Interior (Secretary) to grant and administer oil and natural gas leases on the OCS. Revises provisions concerning oil and gas leases. Federal Energy Natural Resources Enhancement Fund Act of 2008 - Establishes the Federal Energy Natural Resources Enhancement Fund to monitor and manage wildlife and fish and other natural resources related to energy and minerals development on federal lands. Declares without force or effect existing federal prohibitions against spending appropriated funds to: (1) conduct oil and natural gas leasing and preleasing activities, or to issue a lease for any OCS; or (2) issue final commercial leasing regulations or any other function related to oil shale and tar sands. Prohibits a federal agency from permitting construction or operation of any facility, or from designating or maintaining a restricted transportation corridor or operating area, on either federal OCS or state waters that will be incompatible with oil, gas, or natural gas leasing, and with exploration and production of tracts that are geologically prospective for oil or natural gas. Amends the Mineral Leasing Act to revise regulations governing onshore surface-disturbing activities. Redesignates the Minerals Management Service as the National Ocean Resources and Royalty Service. Rigs to Reefs Act of 2008 - Amends OCSLA to prescribe procedures to use decommissioned offshore oil and gas platforms and other facilities for artificial reef and scientific research. Establishes the Energy and Mineral Schools Reinvestment Act Fund to enable maintenance and restoration of existing and historic petroleum and mining engineering programs. Redesignates the Mining and Mineral Resources Institutes Act as the Energy and Mineral Schools Reinvestment Act. Instructs the Secretary to establish OCS regional headquarters for the Atlantic OCS Region and the Pacific OCS Region. Freedom Fuels Act - Establishes the Freedom Fuels Fund, to be used for specified programs including: (1) geologic and geophysical programs; (2) geothermal and geopressure energy renewable resource management; (3) unconventional energy resources management; and (4) renewable energy management. Directs the Secretary to establish a program for production of: (1) liquid fuels from strategic unconventional resources; and (2) oil and gas resources using advanced CO2 enhanced recovery. Directs the Secretary to establish a grant program, among other purposes, for: (1) geothermal and geopressure oil and gas energy production; (2) FEED grants for projects for coal-to-liquids, petroleum coke-to-liquids, oil shale, tar sands, and Alaska natural gas-to-liquids and the production of low-rank coal water fuel; and (3) production of renewable energy from designated resources. Amends the OCSLA to: (1) repeal the Coastal Impact Assistance program; and (2) revise royalty-in-kind requirements. Amends the the Energy Policy Act of 2005 to: (1) prescribe default requirements if the Secretary of Energy does not issue regulations governing payments for research, development, and demonstration leases, and for commercial leases for oil shale and tar sands; (2) require the Secretary to grant royalty relief for natural gas production from gas hydrates; (3) direct the Secretary to reduce royalties for certain federal oil and gas leases; and (4) instruct the Secretary of the Interior to use specified estimates and considerations when compiling oil and gas resource assessments. Repeals the Gulf of Mexico Energy Security Act of 2006. Instructs the Secretary of the Interior to: (1) establish specified fees for conservation resources; (2) require that OCS oil and gas exploration utilize technology to minimize air emissions and discharges into the water; (3) establish Federal OCS Joint Regional Permitting Offices; and (4) develop, upon lessee request, oil spill response plans for each OCS Planning area. Exempts certain oil and gas leasing and exploration from federal agency coordination requirements of the Coastal Zone Management Act of 1972. Instructs the Administrator of the Environmental Protection Agency (EPA) to delegate to the Minerals Management Service permitting and enforcement authority for specified federal OCS activities.
Bill· HRH.R. 6817 (110th)referred
United States · United States Congress · 1 August 2008
Fulfilling U.S. Energy Leadership Act of 2008 - Authorizes the Secretary of the Interior to conduct an inventory of oil and natural gas resources beneath the waters of the Outer Continental Shelf (OCS), other than the Gulf of Mexico. Directs the Secretary to offer for oil and natural gas leasing all areas for which an inventory is conducted. Prohibits the Secretary from conducting an inventory for any areas of the OCS located within 50 miles of a state coastline or between 50 and 100 miles from a coastline if a state objects to an inventory in that area. Amends the Energy Policy Act of 2005 to authorize the Secretary of Energy to enter into: (1) standby loan agreements with up to six qualifying CTL projects, at least one of which shall be owned by two or more small coal producers; and (2) a profit-sharing agreement with the project at the time the standby loan agreement is executed. Defines "qualifying CTL project" as: (1) a commercial-scale project that converts coal to liquid or gaseous transportation fuels; or (2) not more than one project at a facility that converts petroleum refinery waste products into liquids or gaseous transportation fuels. Establishes in the Treasury the Next Generation Energy and Efficiency Fund for research and development of technologies to decrease America's reliance on traditional fossil fuels and increase energy efficiencies. Allocates royalties from OCS oil and gas leases to the Fund. Amends the Commodity Exchange Act to: (1) expand the authority of the Commodity Futures Trading Commission (CFTC) over matters involving trading manipulations, trading limitations, and recordkeeping; (2) allow the CFTC to regulate certain transactions by foreign boards of trade; (3) provide for additional CFTC employees for enforcement; (4) require detailed reporting by index traders and swap dealers; and (5) disaggregate and make public monthly the number of positions and total value of index fund in energy markets and data on speculative positions relative to bona fide physical hedgers in those markets. Authorizes the Secretary of Energy to carry out a Nuclear Power 2010 Program to position the United States to commence construction of new nuclear power plants by not later than 2010 or the first later calendar year practicable. Establishes an interagency working group to promote domestic nuclear capacity and the export of nuclear energy products and services. Amends the Internal Revenue Code to extend the tax credit for producing electricity from wind facilities through 2009 and the credit for closed and open-loop biomass, geothermal, small irrigation, hydropower, landfill gas, and trash combustion facilities through 2011. Includes marine and hydrokinetic renewable energy as a renewable resource for purposes of such tax credit. Extends through 2014 the energy tax credit for solar, fuel cell, and microturbine property and the tax credit for residential energy efficient property. Allows a new investment tax credit for combined heat and power system property. Provides funding for new clean renewable energy bonds to finance electricity production from certain renewable resources and for qualified energy conservation bonds. Allows tax credits for investment in advanced coal electricity and coal gasification projects. Extends through 2018 the temporary increase in coal excise taxes. Sets forth special rules for refunds of coal excise taxes to certain producers or exporters. Directs the Secretary of the Treasury to identify and report on provisions of the Internal Revenue Code that have the largest effects on carbon and other greenhouse gas emissions and to estimate the magnitude of those effects. Allows accelerated depreciation for certain property used to produce cellulosic biofuel. Extends through 2009 income and excise tax credits for biodiesel and renewable diesel. Allows a tax credit for new qualified plug-in electric drive motor vehicles. Exempts from the heavy truck excise tax idling reduction devices and certain insulation. Revises the program of tax incentives for investment in the New York Liberty Zone. Excludes from gross income reimbursements for bicycle commuting expenses. Increases and extends through 2010 the tax credit for alternative fuel vehicle refueling property expenditures. Extends through 2008 the tax credit for nonbusiness energy property. Allows a tax credit for the installation of a biomass fuel burning stove in a residence. Extends through 2013 the tax deduction for expenditures for energy efficient commercial buildings. Revises and extends the tax credit for energy efficient household appliances produced after 2007. Allows accelerated depreciation for smart electric meters and grid systems. Extends through FY2012 tax-exempt bond financing for qualified green building and sustainable design projects. Delays until 2019 the application of special rules for the worldwide allocation of interest for purposes of computing the limitation on the foreign tax credit.
Bill· HRH.R. 6789 (110th)referred
United States · United States Congress · 1 August 2008
Loophole Elimination and Verification Enforcement Act or the LEAVE Act - Revises immigration- and alien-related provisions regarding: (1) alien smuggling and related offenses; (2) identity security; (3) birthright citizenship; (4) housing and homeownership; (5) taxes and social security; (6) employee verification; (7) financial services; (8) border and law enforcement; (9) state and local government authority; and (10) in-state tuition.
Bill· HRH.R. 6824 (110th)referred
United States · United States Congress · 1 August 2008
Energy View Into Securing Independence for Our Nation Act – Requires the Secretary of Energy (Secretary) to facilitate competitions to develop: (1) a direct drop-in replacement fuel for aviation; and (2) a prototype and manufacturing plan for alternative technology vehicles. Authorizes the Secretary of Transportation to make grants to establish and operate an anti-idling power unit research program. Amends the Internal Revenue Code to modify and set forth provisions concerning tax credits for clean renewable energy bonds, bi-fuel vehicle property, electricity produced from certain renewable resources, and residential energy efficiency. Requires the Secretary to reestablish a federal contribution to the FutureGen project to develop carbon sequestration technology, build a near-zero emissions fossil fuel power plant, and identify useful applications for the emissions. Authorizes the appropriation of funds to the Secretary for Energy Frontier Research Centers for activities to accelerate the rate of scientific breakthroughs needed to create advanced energy technologies. Establishes: (1) the Energy View Into Securing Independence for Our Nation (VISION) Commission; and (2) the Energy VISION Fund to be used for the research and development of strategic unconventional fuels, solar and wind technology, renewable energy, innovative technology incentives, geothermal energy, and energy storage. Declares existing federal prohibitions against spending appropriated funds for leasing and preleasing Outer Continental Shelf (OCS) oil and natural gas to be without force or effect. Revokes: (1) all withdrawals from leasing on federal submerged lands of the OCS; and (2) presidential authorities with respect to such leasing, except in the interest of national security. Amends of the Outer Continental Shelf Lands Act to authorize a state governor to petition the Secretary of the Interior to issue leases for oil and natural gas exploration and extraction activities in any area that is at least 50 miles beyond the state's coastal zone. Instructs the Secretary of the Treasury to deposit revenues from leasing operations into designated funds and accounts. Requires the Secretary of the Interior to establish a competitive oil and gas leasing program that will result in an environmentally sound program for the exploration, development, and production of the Coastal Plain's oil and gas resources. Amends the Alaska National Interest Lands Conservation Act of 1980 to repeal a provision concerning the prohibition on leasing or other development leading to the production of oil and gas from the Arctic National Wildlife Refuge. Authorizes the Secretary of the Interior to designate certain Coastal Plain lands as Special Areas requiring special management and regulatory protection, including the Sadlerochit Spring area. Requires the Secretary of the Interior to convey specified lands to the Kaktovik Inupiat Corporation and the Arctic Slope Regional Corporation. Authorizes the Secretary of the Interior to use amounts in the Coastal Plain Local Government Impact Aid Assistance Fund to provide assistance to entities that are directly impacted by the exploration for or production of oil and gas on the Coastal Plain. Declaring a Change in our Operating System for the Promotion of Nuclear Energy Act – Amends the Atomic Energy Act to revise provisions concerning hearings and judicial review under such Act. Amends the Energy Policy Act of 2005 to set forth provisions concerning standby loans for qualifying coal-to-liquid projects.
Bill· HRH.R. 6813 (110th)referred
United States · United States Congress · 1 August 2008
New IDEA (Illegal Deduction Elimination Act) - Amends the Internal Revenue Code to deny a tax deduction for wages and benefits paid to or on behalf of an unauthorized alien. Directs the Commissioner of Social Security and the Secretaries of Homeland Security and the Treasury to jointly establish a program to share information that may lead to the identification of unauthorized aliens. Requires the Secretary of the Treasury to provide taxpayer identity information to the Commissioner of Social Security and the Secretary of Homeland Security on employers who paid nondeductible wages to unauthorized aliens and on the aliens to whom such wages were paid. Amends the Illegal Immigration Reform and Immigrant Responsibility Act of 1996 to: (1) make permanent the pilot program for verifying the employment eligibility of alien workers (E-Verify Program); (2) apply such program to current employees in addition to new hires; and (3) establish a rebuttable presumption that employers who participate in the pilot program have not violated the prohibition against continued employment of unauthorized aliens.
Bill· HRH.R. 6799 (110th)referred
United States · United States Congress · 1 August 2008
Worker Savings Account Act of 2008 - Amends the Internal Revenue Code to: (1) establish worker savings accounts to make payments to workers during periods of unemployment; (2) treat such accounts in the same manner as individual retirement accounts (IRAs) for tax purposes; (3) allow employer matching contributions to such accounts; (4) make a portion of the tax credit for contributions to retirement accounts (saver's credit) refundable; and (5) require increases in the saver's credit to be paid into a worker savings account. Provides that no provision of this Act shall be construed to diminish an employer's obligation to pay federal and state unemployment taxes or to reduce the amount of unemployment compensation to which a worker may be entitled.
Bill· HRH.R. 6804 (110th)referred
United States · United States Congress · 1 August 2008
Families and Small Business Energy Tax Relief Act of 2008 - Amends the Internal Revenue Code to allow an individual taxpayer an income-based refundable tax credit for the lesser of 50% of such taxpayer's residential energy costs for a taxable year or $750 ($1,500 for married taxpayers filing jointly). Defines "residential energy costs" as amounts paid in 2008 or 2009: (1) to any utility for natural gas used in the taxpayer's principal residence during the heating season (September through March); and (2) for heating oil or propane. Allows a certain small farming or commercial fishing businesses (gross receipts of not more than $20 million) a tax credit for up to 15% of amounts paid in 2008 or 2009 for gasoline, diesel fuel, heating oil, propane, and natural gas. Increases and makes permanent the tax credit for nonbusiness energy property expenditures. Amends the Low-Income Home Energy Assistance Act of 1981 to authorize additional appropriations for outreach activities to inform eligible households of available energy-related assistance and for residential weatherization and repair activities for low-income households.
Bill· HRH.R. 6773 (110th)referred
United States · United States Congress · 1 August 2008
Amends the Internal Revenue Code to allow an individual taxpayer who operates a passenger automobile or light truck a tax credit based upon the average fuel economy of such vehicle. Terminates the tax credit for alternative motor vehicles.
Bill· HRH.R. 6784 (110th)referred
United States · United States Congress · 1 August 2008
Home Heating Oil Assistance Act of 2008 - Amends the Internal Revenue Code to allow an individual taxpayer an income-based refundable tax credit for the lesser of 33% of such taxpayer's residential energy costs for a taxable year, or $500. Defines "residential energy costs" as amounts paid: (1) to any utility for electricity or natural gas used in the taxpayer's principal residence during the heating season (October through March); and (2) for any qualified fuel (e.g., propane, heating oil, kerosene, wood, and wood pellets) used as the primary fuel for heating the taxpayer's principal residence.
Bill· HRH.R. 6827 (110th)referred
United States · United States Congress · 1 August 2008
Enable Divestment from Sudan and Iran Act of 2008 - Amends the Internal Revenue Code to promote the divestment of investments in Iran or the Sudan by pemitting the deferral of tax on any gain from the sale of securities in any business that is engaged in certain discouraged activities in Iran or the Sudan if the holder of such securities purchases replacement securities from a business not engaged in such discouraged activities. Includes as discouraged activities in Iran: (1) the sale of munitions to the Iranian government; (2) loans aggregating more than $20 million to the Iranian government; (3) investments of over $20 million in the Iranian energy sector; or (4) conducting business with or making charitable donations to any Iranian person designated as a terrorist. Defines "Sudan discouraged activity" as an investment in any business operation described in the Sudan Accountability and Divestment Act of 2007 (e.g., businesses engaged in power production activities, mineral extraction activities, oil-related activities, or the production of military equipment). Requires the Secretary of the Treasury to publish and update every six months a list of business entities engaging in any Sudan or Iran discouraged activities.
Bill· HRH.R. 6807 (110th)referred
United States · United States Congress · 1 August 2008
Amends the Internal Revenue Code to allow a tax credit for the purchase of a new neighborhood electric vehicle. Limits the amount of such credit to the lesser of $1,000 or the amount paid for such vehicle. Defines "new neighborhood electric vehicle" as a U.S. manufactured vehicle which: (1) draws propulsion energy solely from onboard sources of a rechargeable energy storage system; (2) is classified by the National Highway Traffic Safety Administration (NHTSA) as a low-speed vehicle; (3) has four wheels; (4) has a top attainable speed in one mile of more than 20 mph and not more than 35 mph on a paved level surface; and (5) has a gross vehicle weight rating of less than 2,500 pounds. Terminates such credit after 2013.