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Bill· SS. 1578 (108th)referred
United States · United States Congress · 3 September 2003
Amends the Internal Revenue Code to classify as five-year property for depreciation purposes any qualified rental office furniture held by an office furniture rental dealer primarily for leasing to customers by means of a short-term rental contract. States that options to renew such a contract at the same or greater price shall not be taken into account in determining a lease term for such purposes.
Bill· HRH.R. 2992 (108th)referred
United States · United States Congress · 3 September 2003
Amends the Floyd D. Spence National Defense Authorization Act for Fiscal Year 2001 to increase the amount of back pay received by members of the Navy and Marine Corps selected for promotion while interned as prisoners of war during World War to reflect increases in the cost of living since basic pay was paid to or for that person.
Resolution· HRESH.Res. 351 (108th)passed
United States · United States Congress · 3 September 2003
Sets forth the rule for the consideration of H.R. 2989 (FY 2004 Departments of Transportation and Treasury, and independent agencies appropriations).
Bill· SS. 1568 (108th)referred
United States · United States Congress · 1 August 2003
Real Estate Investment Trust Improvement Act of 2003 - Amends the Internal Revenue Code to revise real estate investment trust (REIT) provisions respecting: (1) straight debt safe harbor; (2) limited rental exception; (3) customary services exception; (4) hedging instruments; (5) prohibited transaction safe harbor; (6) distributions attributable to gain from sales or exchanges of U.S. real property interests; and (7) rules of application for asset requirements and limitations.
Bill· SS. 1570 (108th)referred
United States · United States Congress · 1 August 2003
Fair Care for the Uninsured Act of 2003 - Amends the Internal Revenue Code to allow an individual a tax credit in an amount equal to the amount paid for qualified health insurance, subject to stated limitations. Directs the Secretary of the Treasury to make payments to the provider of an individual's qualified health insurance equal to such individual's qualified health insurance credit advance amount with respect to such provider. Amends the Public Health Service Act, as inserted by the Trade Act of 2002, to extend funding for State high risk health insurance pools. Amends the Public Health Service Act to allow health benefits coverage through individual membership associations. Sets forth association requirements. Requires associations to include a minimum of two health insurance coverage options.
Bill· SS. 1560 (108th)referred
United States · United States Congress · 1 August 2003
Disabled Workers Empowerment Act of 2003 - Amends the Internal Revenue Code to allow: (1) an income-based deduction for the qualified work-related expenses of a handicapped individual; and (2) such deduction to itemizing and nonitemizing taxpayers.
Bill· SS. 1566 (108th)referred
United States · United States Congress · 1 August 2003
Fire Safety Incentive Act of 2003 - Amends the Internal Revenue Code to classify automatic fire sprinkler systems (as defined by this Act) as five-year depreciable property.
Bill· SS. 1556 (108th)referred
United States · United States Congress · 1 August 2003
Legal Services Benefit Act of 2003 - Amends the Internal Revenue Code to restore, increase, and make permanent the exclusion from gross income for amounts received under qualified group legal services plans.
Bill· SS. 1548 (108th)reported
United States · United States Congress · 31 July 2003
Volumetric Ethanol Excise Tax Credit (VEETC) Act of 2003 - Amends the Internal Revenue Code to establish, for a limited period of time: (1) a biodiesel fuels credit business credit; and (2) as a credit against the gasoline and diesel fuel excise tax, a credit equal to the sum of the alcohol fuel mixture credit plus the biodiesel mixture credit.
Bill· SS. 1528 (108th)referred
United States · United States Congress · 31 July 2003
Indian Tribal Development Consolidated Funding Act of 2003 - Authorizes the Secretary of the Interior to select up to 24 Indian tribes, tribal organizations, or consortia of tribes or organizations per fiscal year to participate in projects to foster community, economic, and business development in Native American communities through grants or other financial assistance provided through Federal programs or projects. Outlines procedures for processing requests for joint financing (financing by at least two Federal assistance programs). Authorizes the establishment of a joint assistance fund to ensure that amounts received from more than one Federal program or appropriation are more effectively administered. Provides for the financial management, accountability, and audits of the use of financial assistance provided. Authorizes the provision of technical assistance and personnel training under a project approved for joint financing. Authorizes the head of an executive agency to enter into an agreement with a State to extend the benefits of this Act to a project that involves assistance from at least one executive agency, the State, and at least one tribal agency or instrumentality.
Bill· SS. 1529 (108th)open
United States · United States Congress · 31 July 2003
Indian Gaming Regulatory Act Amendments of 2003 - Amends the Indian Gaming Regulatory Act to exempt from the Gambling Devices Transportation Act class II gaming (bingo and certain card games) for which an electronic aid, computer, or other technology aid is used in connection with such gaming. Revises: (1) procedures for filling vacancies on the National Indian Gaming Commission; (2) the powers of the Chairman; (3) the powers of the Commission to include monitoring, inspecting, and accessing records of class III gaming; and (4) development of a minimum five-year strategic plan to carry out its activities. Adjusts the salary of the General Counsel to the Commission and of other staff. Revises the requirement for background investigations of the primary management officials and key employees of a class II gaming enterprise to add tribal gaming commissioners and key tribal gaming commission employees. Prohibits the Secretary of the Interior from approving any Tribal-State compact or other agreement that includes an apportionment of net revenues with a State, local government, or other Indian tribes unless certain requirements and limits are met. Requires the Secretary to promulgate regulations to provide guidance to Indian tribes and States on the scope of allowable assessments and the apportionment of revenues negotiated under this Act. Extends such Tribal-State compacts for up to 180 days after their expiration if: (1) the Indian tribe certifies to the Secretary that it requested a new compact within 90 days before such expiration; and (2) a new compact has not been agreed upon. Allows an Indian tribe to enter into a management contract for the operation and management of a class III gaming activity, subject to specified requirements currently applicable to class II gaming management contracts. Revises the schedule of fees to be paid to the Commission by each gaming operation that conducts a class II or class III gaming activity. Replaces the current fee formula with a progressive rate structure levied on gross revenues in excess of $1.5 million from each operation, or a flat fee. Increases the total amount of all fees that may be imposed during any fiscal year. Provides for reduction of the fees under certain conditions. Establishes Indian Gaming Regulation Accounts for all fees and civil forfeitures collected by the Commission. Requires the Commission to develop procedures to negotiate and promulgate regulations relating to the: (1) monitoring and regulation of tribal gaming; (2) establishment and regulation of internal control systems; and (3) conduct of background investigations. Sets forth the use of civil fines and fees collected by the Commission.
Bill· SS. 1547 (108th)referred
United States · United States Congress · 31 July 2003
Amends title XXI (State Children's Health Insurance) (SCHIP) of the Social Security Act (SSA) to make a technical amendment to the definition of qualifying State used for purposes of giving certain States operating under waivers of specified State plan requirements the authority to use up to 20 percent of their FY 1998 through 2001 SCHIP allotments, for fiscal years in which they are available, for paying the costs of covering under Medicaid (SSA title XIX) certain low-income children whose family income meets an income eligibility standard under such waivers of at least 185 percent of the poverty line. Reduces such percentage of the poverty line from 185 percent to 184 percent with respect to any one or more categories of children (other than infants) who are Medicaid-eligible.
Bill· SS. 1524 (108th)referred
United States · United States Congress · 31 July 2003
Amends the Internal Revenue Code to classify any motorsports entertainment complex asset as 7-year property for purposes of the accelerated cost recovery system.
Bill· SS. 1542 (108th)referred
United States · United States Congress · 31 July 2003
Tribal Economic Enhancement Act of 2003 - Amends the Internal Revenue Code to: (1) permit certain Indian governments or subdivisions to make the subchapter S (small business) election; (2) permit tax exemption for interest from tribal bonds; (3) exempt from volume cap limits any qualified bond of an Indian tribal government; (4) modify requirements concerning the authority of tribal governments to issue tax-exempt bonds; (5) require consideration of Indian housing waiting lists for low-income housing credit allocations; and (6) provide for an Indian set-aside for the new markets tax credit. Savings for Working Families Act of 2003 - States as a purpose of this Act to provide for the establishment of individual development account programs that will provide individuals and families with limited means an opportunity to accumulate assets and to enter the financial mainstream. Provides procedures for opening and maintaining such an account and qualifying for matching funds. Amends Federal law concerning national banks to permit the establishment of de novo branches on Indian lands.
Bill· SS. 1514 (108th)referred
United States · United States Congress · 31 July 2003
Philanthropy Expansion and Responsibility Act of 2003 - Amends the Internal Revenue Code to reduce from two to one percent the excise tax on the net investment income of private foundations that are exempt from Federal income tax. Increases the self-dealing excise tax on such foundations from five to 25 percent. Modifies provisions concerning the excise tax for the failure of such foundations to distribute income.
Bill· SS. 1512 (108th)referred
United States · United States Congress · 31 July 2003
Amends the Internal Revenue Code to exclude from income and employment taxes and wage withholding a rebate of real or personal property taxes, or any other benefit, provided by a State or political subdivision on account of services performed as a member of a qualified volunteer emergency response organization.
Bill· SS. 1551 (108th)referred
United States · United States Congress · 31 July 2003
Excellence through Choice to Elevate Learning Act - Directs the Secretary of Education to make grants to States for private or public school choice vouchers for children from low-income families who are enrolled in low-performing elementary or secondary public schools. Requires each grantee State to provide scholarships (at $2,000 per year, but with continuing awards) to the parents of eligible children through a lottery system administered for all eligible schools by the State educational agency. Requires that a child eligible for such a scholarship be: (1) enrolled in an eligible public elementary or secondary school; and (2) a member a family with income not more than 200 percent of the poverty line. Allows the use of such funds for: (1) payment of tuition and fees at the school selected by the scholarship child's parents, plus reasonable transportation costs; (2) up to $500 of supplementary academic services, if the parents choose a provider (with an appropriate refund policy) which the State determines capable of rendering such services; and (3) educational programs that help the child achieve high levels of academic excellence, if the child chooses to attend a public school. Requires: (1) a grantee State to allow lawfully operating public and private elementary and secondary schools serving the area involved, including religious schools, to participate in the program; (2) participating schools or providers of supplementary academic services to comply with specified antidiscrimination requirements; and (3) national evaluation of the program by the Comptroller General. Directs specified congressional committees to identify, and report to certain congressional leaders on, wasteful Federal spending (including loopholes to revenue raising tax provisions) as a means of providing funding for this Act.
Bill· SS. 1541 (108th)referred
United States · United States Congress · 31 July 2003
Economic Revitalization Act - Amends the Internal Revenue Code to provide for economic revitalization zones designated by the Secretary of Labor in areas where: (1) the average unemployment rate for the most recent period for which data is available is at least 150 percent of the average national unemployment rate; (2) more than ten percent of the total employment in the area during 1993 consisted of employment in a trade-affected industry, or more than 15 percent consisted of employment in all of the trade-affected industries located in the area; and (3) employment in a trade-affected industry located in such area decreased by more than 20 percent during the period from 1993 through 2002. Requires priority for designation to be given to areas which: (1) are located in States that have experienced employment in a trade-affected industry decline by more than 50 percent since 1993; and (2) have suffered the loss of more than 1000 jobs in the trade-affected industry within the preceding year. Defines trade-affected industry as any industry listed in a three-digit North American industry classification system subsector: (1) which had a total labor force of at least 200,000 during 1994; (2) in which the number of employees has declined by more than 30 percent since 1993; and (3) in which the total number of workers certified through the trade adjustment assistance and the North American Free Trade Agreement (NAFTA) transitional adjustment assistance programs under the Trade Act of 1974 from 1994 through 2002 was not less than an amount equal to ten percent of such industry's total labor force in 1994. Requires treatment of an economic revitalization zone as an empowerment zone for purposes of applying specified tax incentives, including the new markets tax credit. Amends the Trade Act of 1974 to authorize the award of competitive grants to community colleges to establish job training programs for adversely affected workers. Presumes a group of workers at a textile or apparel firm to be adversely affected and eligible for trade adjustment assistance benefits under the Trade Adjustment Assistance Reform Act of 2002 if: (1) a significant number or proportion of the workers in the workers' firm or an appropriate subdivision of the firm has become totally or partially separated, or are threatened to become totally or partially separated; (2) the sales or production of the workers' firm has decreased, or the workers' plant or facility has closed or relocated; and (3) such event contributed importantly to the workers' separation or threat of separation.
Bill· SS. 1536 (108th)referred
United States · United States Congress · 31 July 2003
Steve Grissom Relief Fund Act of 2003 - Establishes the Steve Grissom Relief Fund in the Treasury. Directs the Secretary of Health and Human Services to make single payments to individuals infected with HIV or diagnosed with AIDS as a result of HIV- contaminated blood, blood components, human tissue or organs. Includes lawful spouses, as specified. Sets forth documentation, petition, determination, and payment procedures. States that such payments do not create or admit any claim or constitute income for income tax, supplemental security income benefits, and other purposes. Prohibits the assignment or transfer of rights under this title. Limits petitions to one per victim. Terminates the program after five years. Excludes payments from consideration as compensation or reimbursement for a loss as it concerns insurance or worker's compensation.
Bill· SS. 1526 (108th)referred
United States · United States Congress · 31 July 2003
Tribal Government Tax-Exempt Bond Fairness Act of 2003 - Amends the Internal Revenue Code to permit the issuance of tax-exempt bonds by an Indian tribal government if: (1) at least 95 percent of the net proceeds are used to finance facilities on an Indian reservation; or (2) the obligation is part of an issue substantially all of whose proceeds are to be used in the exercise of an essential government function. Excludes an obligation used to finance a gaming facility. Amends the Securities Act of 1933 to exempt obligations issued by an Indian tribal government or subdivision from registration requirements.
Bill· SS. 1506 (108th)referred
United States · United States Congress · 31 July 2003
Domestic Spirits Tax Equity Act of 2003 - Amends the Internal Revenue Code to establish a credit for wholesalers of distilled spirits for the financing costs of the federal excise tax on such spirits.
Bill· SS. 1501 (108th)open
United States · United States Congress · 30 July 2003
Passenger Rail Investment Reform Act - Amends Federal transportation law to require the restructuring of Amtrak into successor corporations named the Passenger Rail Service Provider (Provider) and the Passenger Rail Infrastructure Manager (Manager). Reorganizes the Board of Directors into a transition board, which shall prepare the restructuring plan. Grants the Provider the exclusive right for three years to continue to provide intercity passenger rail service currently provided by Amtrak; but after three years only under a contract. Grants the Manager the exclusive right for six years to continue to provide the dispatching, maintenance, and infrastructure services currently provided by Amtrak; but after six years only under a contract. Authorizes the States and the District of Columbia that constitute the Northeast Corridor (NEC) to enter into a multistate Northeast Corridor Compact, subject to congressional approval, to provide passenger rail service and conduct related activities in the NEC. Establishes a Northeast Corridor Compact Commission to prepare such compact, which shall provide for full authority for 99 years to succeed to the responsibilities of Amtrak as NEC operator, subject to a 99-year lease from the Department of Transportation. Prescribes general requirements of the compact to protect employee interests. Authorizes the Secretary of Transportation to develop a program for employee transition assistance. Authorizes the Secretary, after the first fiscal year following enactment of this Act, to make grants for operating assistance, according to a specified formula, to reimburse operators of long-distance routes and corridor feeder routes for their intercity passenger rail operating expenses. Specifies conditions and limitations on the availability of grants to Amtrak, including preparation of a capital spending plan, before its successor corporations are established and commence operations. Prescribes procedures for redemption and disposition of Amtrak stock and the transfer of assets to the successor corporations and/or the Compact, as well as real estate, facilities, and secured debt. Authorizes the Secretary to make grants to an applicant State, interstate compact, or public agency to assist in financing the capital costs of facilities and equipment necessary to provide intercity passenger rail transportation. Authorizes interested States to enter into interstate compacts for corridor development.
Bill· SS. 1503 (108th)referred
United States · United States Congress · 30 July 2003
Amends title XXI (State Children's Health Insurance) (SCHIP) of the Social Security Act (SSA) to make a technical amendment to the definition of qualifying State used for purposes of giving certain States operating under waivers of specified State plan requirements the authority to use up to 20 percent of their FY 1998 through 2001 SCHIP allotments, for fiscal years in which they are available, for paying the costs of covering under Medicaid (SSA title XIX) certain low-income children whose family income meets an income eligibility standard under such waivers of at least 185 percent of the poverty line. Requires that the income eligibility standard of at least 185 percent of the poverty line be determined by rounding to the nearest whole percentage.
Bill· SS. 1494 (108th)referred
United States · United States Congress · 30 July 2003
Amends the Internal Revenue Code to extend the five-year carryback of certain net operating losses to 2003, 2004, and 2005 losses.
Bill· SS. 1493 (108th)referred
United States · United States Congress · 30 July 2003
Fair Tax Act of 2003 - Amends the Internal Revenue Code to repeal subtitle A (Income Taxes), B (Estate and Gift Taxes), and C (Employment Taxes) of the Internal Revenue Code. Imposes a tax on the use or consumption in the United States of taxable property or services. Sets the tax rate at 23 percent for the calendar year 2005. Sets the rate, for years after 2005, at the combined sum of the general revenue rate (14.91 percent), the old-age survivors and disability rate, and the hospital insurance rate. Sets forth provisions concerning, among other things; (1) imports and exports; (2) definitions; (3) credits and refunds; (4) a "family consumption allowance"; (5) Federal and State cooperative tax administration; (6) administrative matters; (7) collections, appeals, and taxpayer rights; (8) special rules (hobbies, gaming, government purchases, non-profits, and etc.); (9) financial intermediation services; and (10) additional matters. Sets forth provisions concerning the: (1) phase-out of administration of repealed taxes; (2) administration of other taxes (establishes an Excise Tax Bureau and a Sales Tax Bureau); and (3) sales tax inclusive social security benefits indexation.
Bill· SS. 1502 (108th)referred
United States · United States Congress · 30 July 2003
Amends title XXI (State Children's Health Insurance) (SCHIP) of the Social Security Act (SSA) to make a technical amendment to the definition of qualifying State used for purposes of giving certain States operating under waivers of specified State plan requirements the authority to use up to 20 percent of their FY 1998 through 2001 SCHIP allotments, for fiscal years in which they are available, for paying the costs of covering under Medicaid (SSA title XIX) certain low-income children whose family income meets an income eligibility standard under such waivers of at least 185 percent of the poverty line. Allows New Mexico to use such portion of its unspent SCHIP funds for covering such children under Medicaid.
Bill· SS. 1500 (108th)referred
United States · United States Congress · 30 July 2003
Amends the Internal Revenue Code to include construction as a "qualified purpose" for the spending of a "qualified zone academy bond" (95 percent of such bond proceeds must be spent on a "qualified purpose"). Allows the credit retained by a regulated investment company for its holding of a zone academy bond to be distributed to the company's shareholders. Permits such credits to be stripped.
Bill· SS. 1491 (108th)referred
United States · United States Congress · 30 July 2003
Workforce Health Improvement Program Act of 2003 - Amends the Internal Revenue Code to extend nontaxable fringe benefit coverage to qualifying off-premises fitness or athletic club services provided by an employer. Permits an employer deduction for such club dues.
Bill· SS. 1505 (108th)referred
United States · United States Congress · 30 July 2003
American Rail Equity Act of 2003 - Amends Federal transportation law to establish a National Passenger Rail Office in the Federal Transit Administration of the Department of Transportation to carry out specified responsibilities for the national passenger railroad system. Includes within such system: (1) the segment of the Northeast Corridor (NEC) between Boston, Massachusetts, and Washington, D.C.; (2) designated high-speed rail corridors; (3) long-distance routes of more than 750 miles between endpoints currently operated by the National Passenger Rail Corporation (Amtrak); and (4) short-distance corridors or routes operated by Amtrak. Declares that Amtrak shall not be required to be operated or managed as a for-profit corporation. Limits the responsibility of Amtrak to operations relating to the provision of intercity and commuter rail passenger transportation, the transportation of mail and express, auto-ferry transportation, related marketing, and facilities for the maintenance of necessary rolling stock. Requires the Office to determine whether each Amtrak route met its 80 percent on-time performance goal during the most recent performance period. Prohibits the Office from discontinuing an Amtrak route unless Amtrak failed to meet its on-time performance goal for such route in three out of the immediately preceeding five years.Declares that Amtrak shall forfeit to the Office the right to provide passenger rail transportation on any route on which Amtrak failed to meet its goal during the most recent performance period. Requires the Office to lease such forfeited right to an appropriate person or entity. Requires the Office on a quarterly basis to identify advisable rail infrastructure improvement projects, and make grants for such projects. Provides for high-speed corridor planning and grants to assist States or compacts of States to establish corridors for high-speed rail service. Establishes a non-profit non-governmental Rail Infrastructure Finance Corporation to provide financial support, through issuance of qualified rail infrastructure bonds, for rail transportation capital projects. Authorizes the Board of the Finance Corporation to make grants to States, compacts of States, or Amtrak for intercity passenger rail capital projects. Limits the total amount of such grants for the NEC to 25 percent of the total amount available. Amends the Internal Revenue Code to allow a tax credit to holders of qualified rail infrastructure bonds. Amends Federal transportation law to authorize each State to prepare a rail plan that: (1) sets forth State policy for all freight and passenger rail transportation, including commuter rail operations; and (2) establishes or designates a State rail transportation authority to prepare and administer the plan, as well as a State rail plan approval authority to approve it, subject to the Secretary's approval. Authorizes the Secretary to designate high priority freight and passenger rail capital projects included in a State rail plan that focus on key rail congestion points selected on the basis of national benefits to the rail transportation system, and coordinated with the national rail plan.
Bill· SS. 1495 (108th)referred
United States · United States Congress · 30 July 2003
Amends the Internal Revenue Code to include life insurance companies as an "includible corporation" for purposes of filing consolidated tax returns. Permits an affiliated group which includes at least one domestic insurance company that elects to file a consolidated return rather than pay tax under certain life insurance provisions to use a phased-in percentage of insurance company net operating loss in determining its own taxable income. (Permits unused loss carryover.) Provides for: (1) subsidiary stock basis adjustment; and (2) waiver of the five-year reconsolidation waiting period for certain formerly includible corporations which became nonincludible as a result of becoming a subsidiary of a nonincludible life insurance company.
Bill· HRH.R. 2989 (108th)open
United States · United States Congress · 30 July 2003
Transportation, Treasury, and Independent Agencies Appropriations Act, 2004 - Makes appropriations for FY 2004 for: (1) the Office of the Secretary of Transportation; (2) the Federal Aviation Administration (FAA); (3) the Federal Highway Administration (FHA); (4) the Federal Motor Carrier Safety Administration; (5) the National Highway Traffic Safety Administration (NHTSA); (6) the Federal Railroad Administration (FRA), earmarking a specified amount for the National Railroad Passenger Corporation (Amtrak); (7) the Federal Transit Administration (8) the Saint Lawrence Seaway Development Corporation; (9) the Maritime Administration; (10) the Research and Special Programs Administration; (11) the Office of Inspector General; (12) the Surface Transportation Board; (13) the Department of the Treasury; (14) the Financial Crimes Enforcement Network; (15) the Financial Management Service; (16) the Alcohol and Tobacco Tax and Trade Bureau; (17) the United States Mint; (18) the Bureau of the Public Debt; (19) the Internal Revenue Service (IRS); (20) the Postal Service; (21) the Executive Office of the President; (22) the Architectural and Transportation Barriers Compliance Board; (23) the National Transportation Safety Board (NTSB); (24) the Committee for Purchase from People Who Are Blind or Severely Disabled; (25) the Federal Election Commission (FEC); (26) the Election Assistance Commission; (27) the Federal Labor Relations Authority; (28) the Federal Maritime Commission; (29) the General Services Administration (GSA); (30) the Merit Systems Protection Board; (31) the Morris K. Udall Scholarship and Excellence in National Environmental Policy Foundation; (32) the National Archives and Records Administration; (33) the Office of Government Ethics; (34) the Office of Personnel Management (OPM); (35) the Office of Special Counsel; (36) the United States Tax Court; and (37) the White House Commission on the National Moment of Remembrance. Sets forth specified prohibitions, limitations, permissions, and mandates with respect to the use of appropriations under this Act. Bars the use of funds appropriated by this Act to: (1) pay for an abortion, or the administrative expenses in connection with any health plan under the Federal employees health benefits program which provides any benefits or coverage for abortions (except where the life of the woman would be endangered if the fetus were carried to term or the pregnancy resulted from rape or incest); (2) implement a proposed rule declaring real estate brokerage to be an activity that is financial in nature or incidental to a financial activity, thereby permitting banks to enter the real estate business as agents and brokers; (3) collect, review, or create a list by any means of any personally identifiable information relating to an individual's access to or use of any Federal Government Internet site; or (4) enter into or renew a contract for a federal employee health plan which includes a provision providing prescription drug coverage, except where the contract also includes a provision for contraceptive coverage. (Prohibits such a health plan, however, from covering abortions or abortion-related services, and from discriminating against an individual on the basis that the individual refuses to prescribe contraceptives because such activities would be contrary to his or her religious beliefs or moral convictions). Provides a 4.1 percent pay raise for all Federal employees. Requires each Federal agency to report annually to Congress on the competitive sourcing (privatizing) activities performed by it during the previous fiscal year.
Bill· SS. 1482 (108th)referred
United States · United States Congress · 29 July 2003
Amends the Internal Revenue Code to repeal the 50 percent income tax deduction for business meal and entertainment expenses and replace it with an increasing percentage from 68 percent in calendar 2001 up to 80 percent in calendar 2003 and thereafter.
Bill· SS. 1476 (108th)referred
United States · United States Congress · 28 July 2003
Wind Power Tax Incentives Act of 2003 - Amends the Internal Revenue Code to allow: (1) passive activity losses and credits attributable to qualified wind energy facilities; (2) the wind energy credit to be used against the alternative minimum tax; and (3) the pass-through of a cooperative's wind energy credit to the cooperative's members.
Bill· SS. 1475 (108th)referred
United States · United States Congress · 28 July 2003
Promote Growth and Jobs in the USA Act of 2003 (the PRO GROW USA Act of 2003) - Amends the Internal Revenue Code to repeal the provision excluding extraterritorial income from gross income. Makes a variety of additional amendments concerning the treatment of controlled foreign corporations and the foreign tax credit, including: (1) repealing foreign personal holding company rules, gain on foreign investment company stock rules, election by foreign investment companies to distribute income currently rules, foreign base company shipping income rules, the special rules in case of foreign oil and gas income, the limitation of the foreign tax credit under the alternative minimum tax, and other specified rules; and (2) establishing a tax rate of 5.25 percent on repatriated corporate earnings. Makes the credit for increasing research activities permanent and increases the rates of alternative incremental credit. Extends and increases certain expensing provisions concerning property acquired after September 10, 2001. Extends certain expensing for small business provisions.
Bill· SS. 1464 (108th)referred
United States · United States Congress · 25 July 2003
Beginning Farmers and Ranchers Tax Incentive Act of 2003 - Amends the Internal Revenue Code to exclude from gross income: (1) 100 percent of the gain from the sale or exchange of qualified farm property to a first-time farmer who certifies that the use of such property shall be as a farm for farming purposes for not less than 10 years after such sale or exchange; (2) 50 percent of the gain from the sale or exchange of qualified farm property to any other person who certifies that the use of such property shall be as a farm for farming purposes for not less than 10 years after such sale or exchange; and (3) 25 percent of the gain from the sale or exchange of qualified farm property to any other person for any other use. Limits the amount of any of the above exclusions with respect to any taxable year to $500,000 on a joint return.
Bill· SS. 1457 (108th)referred
United States · United States Congress · 25 July 2003
Amends the Internal Revenue Code to reduce the tax rate on distilled spirits.
Resolution· SRESS.Res. 200 (108th)referred
United States · United States Congress · 25 July 2003
Expresses the sense of the Senate that: (1) the committee of conference between the Senate and House of Representatives on H.R. 1308 should agree to a conference report before the August recess; (2) any conference report on H.R. 1308 should contain the provisions in the Senate Amendment to H.R. 1308 concerning the refundability of the child tax credit; (3) any conference report on H.R. 1308 should contain the provisions in the Senate Amendment to H.R. 1308 concerning the availability of the child tax credit for military families; (4) any conference report on H.R. 1308 should contain the provisions in the Armed Forces Tax Fairness Act of 2003; and (5) any conference report on H.R. 1308 should contain provisions to fully offset its cost.
Bill· HRH.R. 2898 (108th)referred
United States · United States Congress · 25 July 2003
E-911 Implementation Act of 2003 - Amends the National Telecommunications and Information Administration Organization Act to direct the Assistant Secretary of Commerce for Communications and Information to establish an E-911 Implementation Coordination Office to facilitate coordination between Federal, State, and local emergency communications systems, telecommunications carriers, and telecommunications equipment manufacturers and vendors involved in the implementation of E-911 (enhanced emergency) services. Directs the Assistant Secretary to provide grants to eligible entities for the implementation of phase II E-911 services through planning, infrastructure improvements, telecommunications equipment purchases, and personnel training. Amends the Communications Act of 1934 to direct the Federal Communications Commission (FCC) to review twice each year: (1) the taxes, fees, or other charges imposed by States and appearing on telecommunications customers' bills that are designated for delivering or improving E-911 services; and (2) the use of revenue derived from such charges. Directs the FCC to revise its regulations to provide that a public safety answering point in any State shall not be considered to have a mechanism in place for recovering its cost of phase II enhanced 911 service during any period that such State continues, after a 30-day grace period, to fail to certify that no portion of such derived revenue has been obligated or expended for any other purpose.
Bill· HRH.R. 2972 (108th)referred
United States · United States Congress · 25 July 2003
Rural Economic Growth Act of 2003 - Amends the Internal Revenue Code to establish a rural investment tax credit of 50 percent of the present value of new buildings (including rehabilitation projects) and 50 percent of the present value of existing buildings. Makes a qualified rural employee a member of a targeted group for purposes of the work opportunity credit. Directs the Secretary of Labor to award grants to eligible entities offering career training to residents of rural areas to assist such entities to improve the job skills necessary for employment in specific industries.
Bill· HRH.R. 2958 (108th)referred
United States · United States Congress · 25 July 2003
Amends Federal law to direct the Secretary of the Treasury to reduce a Federal tax refund by the amount necessary to satisfy a past-due, legally enforceable tax obligation owed to either a State or local governmental entity which has given notice to the Secretary of such debt. Requires such governmental entities to notify the person owing the tax obligation by first-class mail that the State or local government proposes to take such action. Amends the Internal Revenue Code of 1986 with regard to Internal Revenue Service disclosures to State and local government agencies requesting refund offsets for such past-due tax obligations.
Bill· HRH.R. 2923 (108th)referred
United States · United States Congress · 25 July 2003
Requires the Secretary of Transportation to withhold specified apportionments of Federal-aid highway funds (five percent for FY 2006 and ten percent for each fiscal year thereafter under the National Highway System component, the surface transportation program, and Interstate maintenance component) from a State that fails to comply with the requirement that any individual over age 79 successfully complete a test to determine competency to operate a motor vehicle as a condition receiving or renewing a driver's license.
Bill· HRH.R. 2978 (108th)referred
United States · United States Congress · 25 July 2003
Beginning Farmers and Ranchers Tax Incentive Act of 2003 - Amends the Internal Revenue Code to exclude from gross income: (1) 100 percent of the gain from the sale or exchange of qualified farm property to a first-time farmer who certifies that the use of such property shall be as a farm for farming purposes for not less than 10 years after such sale or exchange; (2) 50 percent of the gain from the sale or exchange of qualified farm property to any other person who certifies that the use of such property shall be as a farm for farming purposes for not less than 10 years after such sale or exchange; and (3) 25 percent of the gain from the sale or exchange of qualified farm property to any other person for any other use. Limits the amount of any of the above exclusions with respect to any taxable year to $500,000 on a joint return.
Bill· HRH.R. 2968 (108th)referred
United States · United States Congress · 25 July 2003
Biotechnology Future Investment Expansion Act of 2003 - Amends the Internal Revenue Code to provide that in the case of a biomedical research corporation, any owner shift involving a five-percent shareholder which occurs as the result of a qualified investment during the testing period shall be treated as occurring before the testing period. (Thus not counting toward net operating loss and tax credit carryover limitations.) Defines: (1) "biomedical research corporation" as a domestic corporation not in bankruptcy which has a drug or biologic in certain clinical trials; and (2) "qualified investment" as a stock acquisition in a biomedical research corporation acquired in cash at its original issue. Requires a biomedical research corporation to meet a five-year expenditure test with respect to any qualified investment.
Bill· HRH.R. 2973 (108th)referred
United States · United States Congress · 25 July 2003
Commercial Fishermen Safety Act of 2003 - Amends the Internal Revenue Code to allow a limited fishing safety equipment credit to commercial fisherman for the purchase of qualified fishing safety equipment.
Bill· HRH.R. 2964 (108th)referred
United States · United States Congress · 25 July 2003
Conservation Tax Incentives Act of 2003 - Amends the Internal Revenue Code of 1986 to exclude from gross income 50 percent of any gains from the sale to eligible entities for conservation purposes of specified land or an interest in land or water.
Bill· HRH.R. 2922 (108th)referred
United States · United States Congress · 25 July 2003
Small Business Outreach Act of 2003 - Amends the Small Business Act to authorize any applicant funded by the Small Business Administration (SBA) as a small business development center and located in a high unemployment district to apply for an additional grant to be used solely to promote SBA and other Federal programs that promote the growth and development of small businesses. Prohibits any single applicant from receiving more than $100,000 in SBA grants in a fiscal year. Provides a priority for applicants in districts with the highest unemployment rates.
Bill· HRH.R. 2896 (108th)open
United States · United States Congress · 25 July 2003
American Jobs Creation Act of 2003 - Amends the Internal Revenue Code, with respect to corporate reform, to, among other things: (1) reduce the tax rate for smaller corporations and revise the rate for corporations with taxable income over $10 million; (2) extend and modify the research credit; (3) provide for a temporary deduction by U.S. shareholders for dividends received from controlled foreign corporations; (4) extend for two years the increased expensing provisions of the Jobs and Growth Tax Relief Reconciliation Act of 2003 and extend for one year the bonus depreciation provisions of such Act; (5) permit a five carryback of net operating losses for 2003; (6) provide alternative minimum tax relief; (7) revise S corporation provisions, including permitting up to 100 shareholders; (8) revise employee benefit provisions, including excluding from social security taxes certain stock options; (9) revise rules concerning foreign base company income and repealing provisions, including those concerning foreign personal holding companies, foreign investment company stock, and the election by foreign investment companies to distribute income currently; and (10) revise provisions concerning taxation of corporate earnings, including permitting the allocation and apportionment of interest expense of each domestic corporation which is a member of a worldwide affiliated group as if all members of such group were a single corporation, allowing for a ten year foreign tax credit carryforward, and repealing the withholding tax on dividends paid by a foreign corporation which are teated as income from U.S. sources. Sets forth provisions to reduce tax avoidance through corporate earnings strippings and expatriation, including establishing an excise tax on stock compensation of insiders in expatriated corporations. Establishes, increases, and modifies penalties relating to tax avoidance through tax shelters, including establishing a penalty for failure to disclose a reportable transaction, establishing an accuracy-related penalty, and establishing certain requirements for material advisers. Sets forth other related provisions including, providing for the treatment of property contributed to a partnership with a built-in loss and permitting the adjustment to the basis of undistributed partnership property if there is a substantial basis reduction, repealing part V (Financial Asset Securitization Investment Trusts) of subchapter M (Regulated Investment Companies and Real Estate Investment Trusts), and permitting the Secretary of the Treasury to enter into qualified tax collection contracts. Sets forth trade related provisions, including repealing section 114 (Extrateritorial Income) which excludes from gross income extraterritorial income and amending COBRA (Consolidated Omnibus Reconciliation Act of 1985) with respect to customs services fees.
Bill· HRH.R. 2956 (108th)referred
United States · United States Congress · 25 July 2003
Financial Aid Simplification Act - Amends the Higher Education Act of 1965 to direct the Advisory Committee on Student Financial Assistance to study and report to specified congressional committees on the feasibility of simplifying the need analysis methodology for all Federal student financial assistance programs and the process of applying for such assistance through the Free Application for Federal Student Aid (FAFSA). Requires the Secretary of Education within one year after the report's submission to initiate a redesign of the FAFSA Revises eligibility requirements for filing of a simplified FAFSA to allow, as an alternative to not being required to file an income tax return, that the student's parents or the student (and the student's wife, if any) received benefits under a means-tested Federal benefit program. Directs the Secretary to make special efforts, in conjunction with State efforts, to: (1) notify students and their parents who qualify for a free lunch under the Richard B. Russell National School Lunch Act, the Food Stamps program, or other such programs of their potential eligibility for a maximum Pell Grant; and (2) disseminate such informational materials as necessary.
Bill· HRH.R. 2920 (108th)referred
United States · United States Congress · 25 July 2003
Real Solutions to World Hunger Act of 2003 - Makes it unlawful for any person to ship, or offer to ship, or for any carrier or person to transport, or receive for transportation, to any foreign country, any genetically engineered animal, plant, or seed (as defined by this Act) if the person knows or has reason to believe that the engineered article will be used to produce an agricultural commodity if: (1) such article was denied Federal approval for U.S. marketing, or its application for approval was withdrawn; or (2) the foreign government has not certified that related ecological impacts of such article have been satisfactorily mitigated. Authorizes the Secretary of Agriculture to make grants to designated international research institutions to promote development of sustainable agricultural techniques (which may not derive any genetic engineered material) that rely on minimum artificial inputs to meet developing countries' food and fiber needs. Directs the Secretary of the Treasury to instruct the United States Executive Director at each international financial institution to make no effort to encourage the institution from prohibiting countries eligible for certain assistance from requiring compulsory licensing of genetically engineered animals, plants or seeds. Amends the Internal Revenue Code to: (1) impose a tax on a corporation equal to one percent of its gross income that is attributable to the U.S. marketing of any genetically engineered organism (as defined by this Act), or the holding of a patent on any such organism; and (2) establish in the Treasury the Sustainable Agriculture Trust Fund.
Bill· HRH.R. 2957 (108th)referred
United States · United States Congress · 25 July 2003
Amends the Internal Revenue Code to repeal Subchapter B (Communications) of Chapter 33 (Facilities and Services) of Subtitle D (Miscellaneous Excise Taxes).