Taxation

Records whose title is actually about this topic. Use a country filter if the list is still too broad.

251 records in US in 1989

Records

Bill· SS. 1349 (101st)referred

A bill to amend the Internal Revenue Code of 1986 to exclude small transactions and to make certain clarifications relating to broker reporting requirements.

United States · United States Congress · 18 July 1989

Amends provisions of the Internal Revenue Code relating to returns of brokers to provide that specified tangible personal property (including works of art, rugs, antiques, metals, gems, stamps, coins, alcoholic beverages, and guns) shall not be included in reported brokered property. Provides that except for stocks, bonds, and other intangible personal property, broker reporting requirements shall apply only to transactions the gross proceeds of which are more than $10,000.

Bill· SS. 1344 (101st)referred

A bill to amend the Internal Revenue Code of 1986 to allow insurance companies to be consolidated with noninsurance companies.

United States · United States Congress · 18 July 1989

Amends the Internal Revenue Code to permit life insurance companies to be included in an affiliated group with noninsurance companies for the purpose of filing a consolidated income tax return.

Bill· HRH.R. 2917 (101st)referred

To amend the Internal Revenue Code of 1986 to provide that the passive loss limitation shall not apply to deductions allowable for cash out-of-pocket expenses for taxes, interest, and trade or business expenses in connection with rental real estate activities in which the taxpayer actively or materially participates.

United States · United States Congress · 18 July 1989

Amends the Internal Revenue Code to exclude deductions for business expenses, interest on indebtedness, and taxes from calculations to determine the passive loss limitation in connection with rental real estate activity in which a noncorporate taxpayer actively or materially participates.

Bill· HRH.R. 2923 (101st)referred

To amend the Internal Revenue Code to extend the one year deferment of income from the sale of livestock on account of drought.

United States · United States Congress · 18 July 1989

Amends the Internal Revenue Code regarding accounting methods to extend from one year to three years the deferment of income from the sale of livestock on account of drought.

Resolution· HRESH.Res. 205 (101st)passed

Waiving certain points of order against consideration of the bill (H.R. 2916) making appropriations for the Departments of Veterans Affairs and Housing and Urban Development, and for sundry independent agencies, boards, commissions, corporations, and offices for the fiscal year ending September 30, 1990, and for other purposes.

United States · United States Congress · 18 July 1989

Waives points of order against the consideration of H.R. 2916 (appropriations).

Bill· SS. 1324 (101st)open

Intelligence Authorization Act for Fiscal Years 1990 and 1991

United States · United States Congress · 14 July 1989

Intelligence Authorization Act for Fiscal Years 1990 and 1991 - Title I: Intelligence Activities - Authorizes appropriations for FY 1990 and 1991 for intelligence activities in specified departments and agencies of the U.S. Government, including the Central Intelligence Agency (CIA) and the Department of Defense (DOD). Declares that the authorized amounts and personnel ceilings for such intelligence activities are those specified in the classified schedule of authorizations prepared by the conference committee to accompany this Act. Authorizes the Director of Central Intelligence to employ civilian personnel in excess of the ceiling for such personnel when necessary to the performance of important intelligence functions. Amends the National Security Act of 1947 to restrict the use of CIA Reserve for Contingencies funds. Title II: Intelligence Community Staff - Authorizes appropriations for the Intelligence Community Staff for FY 1990 and 1991. Establishes an end strength ceiling of 230 full-time Intelligence Community Staff employees. Provides that such staff shall be administered in the same manner as the CIA. Title III: Central Intelligence Agency Retirement and Disability System - Authorizes appropriations for the Central Intelligence Agency Retirement and Disability Fund for FY 1990 and 1991. Title IV: Central Intelligence Agency Administrative Provisions - Amends the Central Intelligence Agency Retirement Act of 1964 for Certain Employees to require participants, within the last two years before any separation from service, to complete at least one year of creditable civilian service to be eligible for an annuity. Provides for precedence of survivor benefits over death in service benefits for certain former spouses of CIA employees eligible for such benefits. Amends the Central Intelligence Act of 1949 to provide CIA employees in the Civil Service Retirement System and the Federal Employees' Retirement System (FERS) performing qualifying service with the same disability and death in service benefits as those received by employees who qualify under the Central Intelligence Agency Retirement and Disability System and the FERS-Special Category. Title V: Personnel Authorities Improvements - Authorizes the Secretary of Defense to accept gifts for the Defense Intelligence College. Makes permanent the Secretary of Defense's authority to terminate employment of civilian intelligence officers and employees of military departments and of the Defense Intelligence Agency (DIA). Amends the Immigration and Nationality Act with respect to citizenship requirements for staff of the U.S. Army Russian Institute. Authorizes the Secretary, during FY 1990, to pay a certain death gratuity to the surviving dependents of a member of the armed forces who, while serving on active duty assigned to a Defense attache office abroad, died as a result of hostile or terrorist activities. Requires the Secretary to report to the Congress concerning the advisability of making such provision permanent. Title VI: FBI Enhanced Counterintelligence Authorities - Amends the Intelligence Authorization Act for fiscal year 1989 to provide that New York Field Division employees need not be subject to directed geographical transfer or reassignment to receive periodic payments under a certain demonstration project for the Division. Expresses the sense of the Congress with respect to personnel ceilings for the United States and Soviet Missions. Makes the FBI responsible for investigations of espionage by persons employed by, or assigned to, U.S. diplomatic missions abroad. Title VII: General Provision - Declares that appropriations authorized by this Act for Federal employee benefits may be increased by such additional or supplemental amounts as may be necessary for increases in compensation or benefits authorized by law.

Bill· SS. 1311 (101st)referred

A bill to amend the Internal Revenue Code of 1986 to provide a 15 percent maximum rate on capital gains for sales or exchanges after the date of enactment of this Act and before 1991, to provide indexing of the bases of capital assets sold or exchanged after 1990, to provide 20 percent maximum rate on capital gains from small businness stock, and for other purposes.

United States · United States Congress · 13 July 1989

Amends the Internal Revenue Code to: (1) allow a noncorporate taxpayer a 46.4 percent income tax deduction for capital gains; and (2) decrease to 15 percent the maximum income tax rate applied to the capital gains of individuals. Requires indexing, based on the gross national product deflator, of the adjusted basis of certain assets (corporate stock and tangible property that is a capital asset of property used in a trade or business) that have been held for more than one year at the time of sale or other transfer, solely for the purpose of determining gain or loss. Permits noncorporate taxpayers an income tax deduction of 28.5 percent of the gain from an investment in the stock of a small business whose outstanding stock is valued at less than $100,000,000. Allows the deduction only if the taxpayer is the initial acquirer of the particular stock and holds the stock for at least four years. Allows corporate taxpayers an income tax deduction of 41 percent of the qualified small business net capital gain. Revises the computation of the alternative tax for corporations to include 20 percent of such gain. Limits the maximum marginal tax rate on the income from such investments to 20 percent for individual taxpayers. Adds the amount of the deduction for capital gain from such investments as a tax preference item for purposes of determining alternative minimum tax liability.

Bill· HRH.R. 2893 (101st)referred

To amend the Internal Revenue Code of 1986 to require 5 year vesting for employees in a multiemployer plan who are covered pursuant to a collective bargaining agreement.

United States · United States Congress · 13 July 1989

Amends the Internal Revenue Code to require five-year vesting for employees in multiemployer pension plans who are covered by collective bargaining agreements. (Currently, ten year vesting is required.)

Bill· HRH.R. 2889 (101st)referred

To amend the Internal Revenue Code of 1986 to increase the tax on leaded gasoline.

United States · United States Congress · 13 July 1989

Amends the Internal Revenue Code to increase the tax on leaded gasoline to six cents per gallon.

Resolution· HRESH.Res. 198 (101st)passed

Providing for the consideration of the bill (H.R. 1549) to authorize appropriations for the Nuclear Regulatory Commission for fiscal years 1990, and 1991, and for other purposes.

United States · United States Congress · 13 July 1989

Sets forth the rule for the consideration of H.R. 1549 (Nuclear Regulatory Commission funding).

Resolution· HRESH.Res. 200 (101st)passed

Providing for the consideration of the bill (H.R. 828) to authorize appropriations for programs, functions, and activities of the Bureau of Land Management for fiscal years 1990, 1991, 1992, and 1993.

United States · United States Congress · 13 July 1989

Sets forth the rule for the consideration of H.R. 828 (Bureau of Land Management funding).

Bill· SS. 1303 (101st)open

A bill to amend the Internal Revenue Code of 1986 to restrict the partial exclusion from income of interest on loans used to acquire employer securities to cases where employees receive a significant ownership interest in a corporation, and for other purposes.

United States · United States Congress · 12 July 1989

Amends the Internal Revenue Code to restrict the partial exclusion from income of interest on loans used to acquire employer securities to cases where the employee stock ownership plan owns at least 30 percent of: (1) each class of outstanding stock of the issuing corporation; or (2) the total value of all outstanding stock of the corporation. Limits securities acquisition loans to terms of 15 years and requires voting rights for members of the plan for the acquired stock. Imposes an excise tax on: (1) the disposition of employer securities within three years of acquisition; and (2) any disposition of such securities before allocation to participant accounts, where the proceeds of disposition are not allocated to such accounts.

Bill· SS. 1286 (101st)referred

A bill to amend the Internal Revenue Code of 1986 to provide for a maximum long-term capital gains rate of 15 percent and indexing of certain capital assets.

United States · United States Congress · 11 July 1989

Amends the Internal Revenue Code to reduce the individual and corporate capital gains rate from 34 percent to 15 percent. Requires indexing, based on the gross national product deflator, of the adjusted basis of certain assets (corporate stock and tangible property that is a capital asset of property used in a trade or business) that have been held for more than one year at the time of sale or other transfer, solely for the purpose of determining gain or loss.

Bill· HRH.R. 2859 (101st)open

To amend the Internal Revenue Code of 1986 to provide that agricultural labor which is subject to Federal Insurance Contribution Act tax withholding shall also be subject to withholding for income tax purposes.

United States · United States Congress · 11 July 1989

Amends the Internal Revenue Code to require income tax withholding for certain agricultural employees.

Resolution· HRESH.Res. 194 (101st)passed

Waiving certain points of order against consideration of the bill (H.R. 2788) making appropriations for the Department of the Interior and related agencies for the fiscal year ending September 30, 1990, and for other purposes.

United States · United States Congress · 11 July 1989

Waives points of order against the consideration of H.R. 2788 (Department of the Interior and related agencies appropriations).

Bill· HRH.R. 2841 (101st)open

To authorize the Fishermen's Protective Act of 1967 for fiscal year 1990.

United States · United States Congress · 29 June 1989

Amends the Fishermen's Protective Act to extend, from October 1, 1989, to October 1, 1990, the termination date of provisions authorizing the Secretary of State to make reimbursements for certain losses upon the seizure of a U.S. documented commercial fishing vessel by a foreign country.

Law· HRH.R. 2788 (101st)enacted

Making appropriations for the Department of the Interior and related agencies for the fiscal year ending September 30, 1990, and for other purposes.

United States · United States Congress · 29 June 1989

Title I: Department of the Interior - Makes appropriations for FY 1990 within the Department of the Interior for the Bureau of Land Management for management of lands and resources, firefighting, construction and access, payments in lieu of taxes, land acquisition, Oregon and California grant lands, range improvements, service charges, deposits and forfeitures, and miscellaneous trust funds. Sets forth uses and limitations of appropriations made to the Bureau of Land Management. Appropriates funds for: (1) the U.S. Fish and Wildlife Service for resource management, construction, anadromous fish, land acquisition, and the National Wildlife Refuge Fund; (2) the National Park Service for the operation of the National Park System, recreation and preservation programs, the Historic Preservation Fund, construction, land acquisition and State assistance, the John F. Kennedy Center for the Performing Arts, and the Illinois and Michigan Canal National Heritage Corridor Commission; (3) the Geological Survey for surveys, investigations, and research; (4) the Minerals Management Service for leasing and royalty management; (5) the Bureau of Mines for the conduct of inquiries, technological investigations, and research of mines and minerals; (6) the Office of Surface Mining Reclamation and Enforcement for regulation and technology, and the Abandoned Mine Reclamation Fund; (7) the Bureau of Indian Affairs for the operation of Indian programs, construction, miscellaneous payments, and the Indian Loan Guaranty and Insurance Fund; (8) the Office of Territorial and International Affairs for administration, for the Trust Territory of the Pacific Islands, and for the Compact of Free Association; and (9) the Secretarial offices, including the Office of the Solicitor for salaries and expenses, the Office of Construction Management, and the Office of the Inspector General. Rescinds specified contract authority for FY 1990 with respect to the Land and Water Conservation Fund. Makes funds available for oilspills if the Secretary determines that such funds are necessary for the protection or restoration of natural resources. Authorizes the acquisition of aircraft from available resources within the Working Capital Fund. Makes such appropriations available for expenditure or transfer for the emergency reconstruction, replacement, or repair of aircraft, buildings, utilities, or other facilities or equipment damaged or destroyed by fire, flood, storm, or other unavoidable causes. Makes funds available for the suppression or emergency prevention of forest or range fires on or threatening lands under the Department of the Interior jurisdiction, for emergency rehabilitation of burned-over lands, emergency actions related to earthquakes or volcanoes, for control of grasshopper and Mormon Cricket outbreaks on lands under the jurisdiction of the Secretary of the Interior, and emergency reclamation projects. Makes appropriations available for the operation of warehouses, garages, shops, and similar facilities, wherever consolidation of activities will contribute to efficiency or economy. Makes appropriations available for the hire, maintenance, and operation of aircraft, hire of passenger motor vehicles, purchase of reprints, payment for telephone service in private residences in the field, and the payment of certain dues when authorized by the Secretary of the Interior. Makes appropriations available for uniforms or allowances. Limits the use of appropriations for services or rentals to contracts not exceeding 12 months. Prohibits the use of appropriated funds to finance the changing of the name of Mount McKinley. Makes available appropriations to provide insurance on official motor vehicles, aircraft, and boats operated by the Department of the Interior in Canada and Mexico. Prohibits the use of funds to detail any employee to an organization unless in accordance with Office of Personnel Management regulations. Prohibits the use of funds for the conduct of leasing or drilling activities on lands within the Eastern Gulf of Mexico or specified lands in Northern California and Alaska. Prohibits the use of funds for the preparation for, or conduct of, pre-leasing and leasing activities of lands within a certain area of the Outer Continental Shelf off the coastline of Massachusetts or specified lands surrounding Georges Bank. Requires that oil and gas exploration or production equipment used on the Outer Continental Shelf be at least 50 percent American made as to construction and materials, except as specified. Requires the Bureau of Mines headquarters to be relocated to Avondale, Maryland, not later than 90 days after the Administrator of General Services determines that design and alteration of the facility is complete. Prohibits the use of funds for the financing of agreements or arrangements for the management of lands, waters, and interests on Matagorda Island, Texas, which were purchased with amounts from the Land and Water Conservation Fund. Amends the Indian Gaming Regulatory Act to provide an additional period of time for the conduct of State/tribal negotiations on gaming. Prohibits the use of funds to prepare reports on contacts between Interior employees and Members of Congress and congressional staff. Title II: Related Agencies - Makes appropriations for FY 1990 for the Department of Agriculture for the Forest Service for forest research, State and private forestry, the National Forest System, construction, land acquisition, the Range Betterment Fund, acquisition of land for national forests and to complete land exchanges, gifts, donations and bequests for forest and rangeland research. Sets forth uses and prohibitions on uses of such funds. Makes appropriations for the Department of Energy for the clean coal technology, fossil energy research and development, naval petroleum and oil shale reserves, energy conservation, economic regulation, emergency preparedness, the Energy Information Administration, the SPR (Strategic Petroleum Reserve), and the SPR Account. Sets forth uses and prohibitions on uses of such funds. Makes appropriations to the Department of Health and Human Services for the Indian Health Service for Indian health services and facilities. Sets forth uses and prohibitions on uses of such funds. Appropriates funds to: (1) the Department of Education for the Office of Elementary and Secondary Education for Indian education; (2) the Office of Navajo and Hopi Relocation for salaries and expenses; (3) the Institute of American Indian and Alaska Native Culture and Arts Development; (4) the Smithsonian Institution for salaries and expenses; (5) construction and improvements at the National Zoological Park; (6) restoration and renovation of buildings owned or occupied by the Smithsonian Institution; (7) construction at the Whipple Observatory; (8) salaries and expenses of the National Gallery of Art (NGA); (9) repair, restoration, and renovation of buildings of the NGA; and (10) salaries and expenses of the Woodrow Wilson International Center for Scholars. Makes appropriations for the National Foundation on the Arts and the Humanities for: (1) expenses and matching grants for the National Endowment for the Arts and the National Endowment for the Humanities; (2) the Institute of Museum Services; (3) salaries and expenses for the Commission of Fine Arts, National Capital arts and cultural affairs, the Advisory Council on Historic Preservation, the National Capital Planning Commission, the Franklin Delano Roosevelt Memorial Commission, the Pennsylvania Avenue Development Corporation (as well as for public activities and projects); and (4) the U.S. Holocaust Memorial Council. Title III: General Provisions - Limits procurement contracts for consulting services obtained through appropriations made by this Act to those contracts where expenditures are a matter of public record. Prohibits the use of appropriations by the Secretaries of Agriculture and of the Interior for the sale of unprocessed timber from Federal lands west of the 100th meridian which will be exported from the United States or which will be used as a substitute for timber from private lands which is exported by the purchaser. Prohibits the Secretaries of the Interior and Agriculture from using such funds for leasing of oil and natural gas by noncompetitive bidding on public lands within the Shawnee National Forest, Illinois. Prohibits the use of such funds for any activity that tends to promote public support for or opposition to legislative proposals on which congressional action is incomplete. Declares that no part of any appropriation contained in this Act shall remain available for obligation beyond the current fiscal year unless expressly so provided herein. Provides that none of the funds appropriated to any department or agency shall be obligated or expended to provide a personal cook, chauffeur, or other personal servants to any officer or employee of such department or agency unless otherwise provided. Prohibits the use of funds in connection with any transfer of facilities or functions of Naval Petroleum Reserve Numbered 1 (Elk Hills), in Kern County, California, or Naval Petroleum Reserve Numbered 3 (Teapot Dome), in Wyoming. Prohibits the use of funds in this Act to evaluate, consider, process, or award oil, gas, or geothermal leases on Federal lands in the Mount Baker-Snoqualmie National Forest, State of Washington. Prohibits assessments from being levied against any program, budget activity, or project funded by this Act without approval by the Committees on Appropriations. Provides that employment funded by this Act shall not be subject to any personnel ceiling or other personnel restriction for permanent or other than permanent employment except as provided by law. Authorizes the Secretaries of the Interior, Agriculture, and Energy, and the Smithsonian Institution to enter into contracts with State and local governments for procurement of services in the presuppression, detection, and suppression of fires. Prohibits the use of funds for deer hunting in the Loxahatchee National Wildlife Refuge. Requires the Forest Service and the Bureau of Land Management to develop their respective Forest Land and Resource Management Plans as quickly as possible. Prohibits the use of funds in this Act for the sale of timber from giant sequoia trees which are located on National Forest System or Bureau of Land Management lands. Requires FY 1990 pay raises for programs funded by this Act to be absorbed within the levels appropriated under such Act.

Bill· HRH.R. 2842 (101st)open

To authorize appropriations to carry out the Atlantic Tunas Convention Act of 1975 through fiscal year 1992, and for other purposes.

United States · United States Congress · 29 June 1989

Amends the Atlantic Tunas Convention Act to provide for the qualifications of Commissioners under the Convention. Makes the qualifications inapplicable to reappointment of Commissioners serving on the date of enactment of this Act. Sets the term of office of Commissioners at three years and limits any individual to two consecutive terms. Excludes from consideration the current term, at enactment of this Act, of any Commissioner in determining eligibility for reappointment. Terminates, on January 1, 1990, the term of each Commissioner who is serving at the time of enactment of this Act. Directs the President, by that date, to complete appointment or reappointment of Commissioners to serve on and after that date. Directs the Secretary of State to pay the necessary travel expenses of U.S. Commissioners, Alternate U.S. Commissioners, and authorized advisors in accordance with the Federal Travel Regulations and specified provisions of Federal law. Authorizes the Secretary of Commerce to reimburse the Secretary of State for such payments. Replaces provisions requiring, on approval of the U.S. Commissioners, payment of actual travel expenses and per diem to members of the advisory committee with provisions authorizing the Secretary of Commerce and the Secretary of State to pay the necessary travel expenses of advisory committee members in accordance with such Regulations and such laws. Authorizes appropriations for FY 1989 through 1992 to carry out the Act.

Bill· HRH.R. 2804 (101st)referred

To amend the Internal Revenue Code of 1986 to extend for 3 years the exemption from the termination of small issue bonds for farm property and manufacturing facilities located in rural areas.

United States · United States Congress · 29 June 1989

Amends the Internal Revenue Code to extend from December 31, 1989, until December 31, 1992, the exemption from the termination of small issue bonds for farm property and manufacturing facilities located in rural areas.

Bill· HRH.R. 2796 (101st)referred

To amend the Internal Revenue Code of 1986 to clarify the treatment of interest income and rental expense in connection with safe harbor leases involving rural electric cooperatives.

United States · United States Congress · 29 June 1989

Requires interest income from certain qualified leased property transactions of rural electric cooperatives to be offset by rental expenses of such transactions before allocating income or expense to members and nonmembers of such cooperatives for purposes of the accelerated cost recovery system of the Internal Revenue Code.

Law· HRH.R. 2748 (101st)enacted

Intelligence Authorization Act, Fiscal Year 1990

United States · United States Congress · 27 June 1989

Intelligence Authorization Act for Fiscal Year 1990 - Title I: Intelligence Activities - Authorizes appropriations for FY 1990 for intelligence and intelligence-related activities in specified departments and agencies of the U.S. Government, including the Central Intelligence Agency (CIA) and the Department of Defense (DOD). Declares that the authorized amounts and personnel ceilings for such intelligence activities are those specified in the classified schedule of authorizations prepared by the conference committee to accompany this Act. Authorizes the Director of Central Intelligence to employ civilian personnel in excess (by not more than two percent) of the ceiling for such personnel when necessary for the performance of important intelligence functions. Restricts support for military and paramilitary operations in Nicaragua. Title II: Intelligence Community Staff - Authorizes appropriations for the Intelligence Community Staff for FY 1990. Establishes an end strength ceiling of 250 full-time Intelligence Community Staff employees. Provides that such staff shall be administered in the same manner as the CIA. Title III: Central Intelligence Agency Retirement and Disability System and Related Provisions - Authorizes appropriations for the Central Intelligence Agency Retirement and Disability Fund for FY 1990. Amends the Central Intelligence Agency Retirement Act of 1964 for Certain Employees to require participants, within the last two years before any separation from service, to complete at least one year of creditable civilian service to be eligible for an annuity. Provides for precedence of survivor benefits over death in service benefits for certain former spouses of CIA employees eligible for such benefits. Provides that the computation of survivor annuities for certain former spouses shall be reduced solely by the amount of survivor annuity payments made to such spouses under an election of survivor benefits. Sets forth special annuity computation rules for certain CIA employees who served abroad. Provides for the portability of such overseas service retirement benefit. Title IV: Central Intelligence Agency Administrative Provisions - Authorizes the CIA to procure commercial remote sensing data. Title V: Improvements to Personnel Authorities for Intelligence Components of the Department of Defense - Authorizes the Secretary of Defense to pay special pay to a civilian Defense Department officer or employee who has been certified as being proficient in a foreign language in a position in which such proficiency facilitates performance of officially assigned intelligence or intelligence-related duties. Authorizes the Secretary to accept gifts for the Defense Intelligence College and pay all necessary expenses in connection with such acceptance. Makes permanent the Secretary of Defense's authority to terminate employment of civilian intelligence officers and employees of military departments and of the Defense Intelligence Agency (DIA). Directs the Secretary of Defense to establish an undergraduate training program with respect to civilian employees of DIA to develop skills critical to the mission of DIA. Authorizes the Secretary to provide financial assistance for such employees. Provides that civilian employees of DIA need not be subject to the Federal Employees' Retirement System (FERS) to receive special retirement accrual benefits for service abroad. Amends the National Security Agency Act of 1959 to authorize the Director of the National Security Agency (NSA) to provide such benefits to certain NSA employees. Title VI: FBI New York Field Division Demonstration Project - Amends the Intelligence Authorization Act, Fiscal Year 1989 to provide that New York Field Division employees need not be subject to directed geographical transfer or reassignment to receive periodic payments under a certain demonstration project for the Division. Title VII: General Provision - Declares that appropriations authorized by this Act for employee benefits may be increased by such additional or supplemental amounts as may be necessary for increases in such compensation or benefits authorized by law. Provides that the authorization of appropriations by this Act shall not constitute authority for the conduct of any intelligence activity which is not otherwise authorized by the Constitution or laws of the United States. Directs the President to issue conflict of interest disclosure regulations for members of the President's Foreign Intelligence Advisory Board. Provides that such regulations shall take effect not later than March 1, 1990, and shall be provided to House and Senate select committees on intelligence at least 30 days prior to such effective date.

Bill· HRH.R. 2751 (101st)referred

To amend the Internal Revenue Code of 1986 to allow individuals a deduction of up to $250 for contributions made to candidates for public office.

United States · United States Congress · 27 June 1989

Amends the Internal Revenue Code to allow individuals a tax deduction of up to $250 for political contributions.

Resolution· HRESH.Res. 187 (101st)passed

Waiving certain points of order against consideration of the bill (H.R. 2696) making appropriations for energy and water development for the fiscal year ending September 30, 1990, and for other purposes.

United States · United States Congress · 27 June 1989

Waives points of order against the consideration of H.R. 2696 (energy and water development funding).

Bill· SS. 1273 (101st)open

A bill to amend the Internal Revenue Code of 1986 with respect to treatment by cooperatives of gains or losses from sale of certain assets.

United States · United States Congress · 23 June 1989

Amends the Internal Revenue Code to allow farmers' cooperatives to elect to treat as ordinary income or loss certain capital gains and losses from the disposition of assets used in conducting business with or for patrons.

Bill· SS. 1256 (101st)referred

1989 Save America Tax Act

United States · United States Congress · 23 June 1989

1989 Save America Tax Act - Amends the Internal Revenue Code to allow individuals to establish flexible individual retirement accounts with tax treatment similar to that for individual retirement plans. Makes contributions to such accounts nondeductible. Limits contributions to $2,000 for taxable years before 1995 and $3,000 for taxable years thereafter. Provides that qualified distributions from such accounts, other than for general retirement purposes, include special purpose distributions made for the purchase of a first home and for medical or educational purposes. Prohibits special purpose distributions from being made during the first five years of the account. Allows a tax credit for low-income persons of 25 percent of the amount paid into a flexible individual retirement account for each taxable year. Increases the amount a spouse with no compensation may contribute to retirement savings.

Bill· SS. 1251 (101st)referred