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Bill· HRH.R. 3900 (110th)referred
United States · United States Congress · 18 October 2007
Restore U.S. Manufacturing Act of 2007 - Amends the Internal Revenue Code to allow a 100% tax deduction for qualified manufacturing activities income. Defines "qualified manufacturing activities income" as the excess of domestic manufacturing gross receipts over the cost of goods sold, and other expenses, losses, or deductions, properly allocable to such receipts.
Bill· SS. 2184 (110th)open
United States · United States Congress · 17 October 2007
National Guard and Reservists Financial Relief Act - Amends the Internal Revenue Code to make permanent the exemption from tax penalties for premature distributions from retirement plans by members of the National Guard or Ready Reserve called to active duty.
Bill· SS. 2185 (110th)open
United States · United States Congress · 17 October 2007
Makes permanent the reductions in individual income tax rates enacted by the Economic Growth and Tax Relief Reconciliation Act of 2001.
Bill· HRH.R. 3866 (110th)referred
United States · United States Congress · 17 October 2007
Small Business Programs Act of 2007 - Amends the Small Business Act (the Act) to reauthorize for FY2008-FY2009 certain small business assistance programs of the Small Business Administration (SBA) authorized under the Act and the Small Business Investment Act of 1958, including a disaster mitigation pilot program, general and start-up small business loans, disaster loans, and grants to microloan program intermediaries and technical assistance providers. Reauthorizes for such fiscal years: (1) the businessLINC grants program; (2) the small business development center (SBDC) program; (3) the women's business center program; (4) the HUBZone program; (5) the Office of Veterans Business Development; (6) the Advisory Committee on Veterans Business Affairs; and (7) the National Women's Business Council.
Bill· HRH.R. 3876 (110th)referred
United States · United States Congress · 17 October 2007
Income Equity Act of 2007 - Amends the Internal Revenue Code to: (1) deny employers a tax deduction for payments of excessive compensation to any employee (i.e., more than 25 times the lowest compensation paid any other employee); and (2) require such employers to file a report on compensation paid to their employees with the Secretary of the Treasury.
Bill· HRH.R. 3879 (110th)referred
United States · United States Congress · 17 October 2007
Amends the Internal Revenue Code to extend through 2008 the tax deduction for qualified tuition and related expenses.
Bill· HRH.R. 3874 (110th)referred
United States · United States Congress · 17 October 2007
Small Business Growth and Opportunity Act - Amends the Internal Revenue Code to reduce from 10 to seven years the period during which certain built-in gains of subchapter S corporations are subject to tax.
Bill· HRH.R. 3881 (110th)referred
United States · United States Congress · 17 October 2007
Promotion of Artistic Giving Act of 2007 - Amends the Internal Revenue Code to: (1) extend the deadline for completing the charitable contribution of a gift; (2) provide for a valuation standard for gifts in excess of $1 million; and (3) repeal certain valuation rules for subsequent and fractional gifts.
Bill· SS. 2168 (110th)referred
United States · United States Congress · 16 October 2007
Identity Theft Enforcement and Restitution Act of 2007 - Amends the federal criminal code to: (1) authorize criminal restitution orders in identity theft cases to compensate victims for the time spent to remediate the intended or actual harm incurred; (2) expand identity theft and aggravated identity theft crimes to include offenses against organizations (currently, only natural persons are protected); (3) include conspiracy to commit a felony within the definition of "felony violation" for purposes of aggravated identity theft crimes; (4) include making, uttering, or possessing counterfeited securities, mail theft, and tax fraud as predicate offenses for aggravated identity theft; (5) enable prosecution of computer fraud offenses for conduct not involving an interstate or foreign communication; (6) eliminate the requirement that damage to a victim's computer aggregate at least $5,000 before a prosecution can be brought for unauthorized access to a computer; (7) make it a felony to employ spyware or keyloggers to damage 10 or more computers, regardless of the aggregate amount of the damage caused; and (8) expand the definition of "cyber-extortion" to include a demand for money in relation to damage to a protected computer, where such damage was caused to facilitate the extortion.
Bill· SS. 2167 (110th)referred
United States · United States Congress · 16 October 2007
Farm Savings Account Act of 2007 - Amends the Internal Revenue Code to: (1) establish tax-exempt farm savings accounts to allow taxpayers engaged in the business of farming or ranching to use distributions from such accounts to offset operational losses in lieu of receiving, after a specified transitional period, federal subsidies to purchase crop insurance; (2) allow a tax deduction for cash contributions to such accounts; (3) specify minimum levels of contributions to, and maximum levels of distributions from, such accounts; (4) require the Secretary of Agriculture to make matching contributions to such accounts; and (5) set forth tax rules relating to account distributions, excess contributions, and prohibited transactions.
Bill· SS. 2170 (110th)referred
United States · United States Congress · 16 October 2007
Amends the Internal Revenue Code to make permanent the 15-year recovery period for purposes of the tax deduction for depreciation of qualified restaurant property. Revises the term "qualified restaurant property" to include existing buildings as well as improvements to buildings.
Bill· HRH.R. 3851 (110th)referred
United States · United States Congress · 16 October 2007
Non-Citizen Enforcement Act of 2007 - Directs the Secretary of Homeland Security to increase the number of Border Patrol agents by at least 2,000 in each post-FY2010 fiscal year year until effective control of the border has been achieved through the Secure Border Initiative. Empowers state or local officers and employees to arrest an alien unlawfully present in the United States who has been ordered removed in abstentia. Provides for such aliens' listing on the absconder category of the national criminal information center database. Increases funding for the state criminal alien assistance program (SCAAP). Subject an individual unlawfully present in the United States to criminal penalties. Increases penalties for firearms possession and controlled substance distribution violations by aliens unlawfully present in the United States. Provides a 20-year maximum penalty for smuggling into the United States an alien previously deported on criminal conviction grounds.
Bill· HRH.R. 3837 (110th)reported
United States · United States Congress · 16 October 2007
Escrow, Appraisal, and Mortgage Servicing Improvements Act - Amends the Truth in Lending Act to require a creditor, in a consumer credit transaction secured by the consumer's principal dwelling, to establish an escrow or impound account to pay taxes and hazard insurance, and, if applicable, flood insurance, mortgage insurance, ground rents, and any other required periodic payments or premiums. Requires written disclosures by the creditor to the consumer regarding: (1) such escrow or impound account; and (2) consumers who opt out of escrow services. Amends the Real Estate Settlement Procedures Act of 1974 to proscribe specified practices by the servicer of a federally related mortgage, including obtaining force-placed hazard insurance coverage to protect the mortgagee's interest in the property. Prohibits practices related to default, late fees, or foreclosure. Requires prompt: (1) crediting of payments; (2) responses to payoff balances; and (3) refund of escrow accounts upon payoff. Directs the Secretary of Housing and Urban Development to study and report to specified congressional committees on mortgage servicing fraud. Amends the Truth in Lending Act to: (1) require repayment analyses to include escrow payments; (2) include a written property appraisal as a prerequisite to granting a mortgage; (3) prohibit unfair and deceptive practices and acts relating to consumer credit transactions secured by the principal dwelling, especially in property appraisals; and (4) require a mortgage originator to make available to the credit applicant all appraisal valuation reports no later than three days prior to the transaction closing date. Amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to: (1) include among the functions of the Appraisal Subcommittee protection of the consumer from improper appraisal practices and the predations of unlicensed appraisers; and (2) expand state agency reporting requirements to include transmittal to the Appraisal Subcommittee of reports on claims, disciplinary actions, license and certification revocations, and suspensions. Prohibits certain interested parties in a real estate transaction involving an appraisal from engaging in specified practices to improperly influence a real estate appraisal in connection with a mortgage loan. Requires the Comptroller General to study and report to specified congressional committees on possible improvements in the appraisal process and in state compliance programs.
Bill· HRH.R. 3843 (110th)referred
United States · United States Congress · 16 October 2007
New Employment for Workers & Job Opportunities for Business Strength Act of 2007 or the NEW JOBS Act of 2007 - Amends the Internal Revenue Code to increase by $500 million in 2008 the new markets tax credit limitation amount that is allocable among qualified community development entities for investments in or loans to businesses that hire trade adjustment assistance (TAA) recipients or that meet other TAA requirements.
Bill· HRH.R. 3857 (110th)referred
United States · United States Congress · 16 October 2007
Makes it out of order in the House of Representatives or the Senate to consider any measure making supplemental appropriations for two or more unrelated emergencies. Prohibits any provisions containing spending that is not designated as emergency spending from being reported in a measure making supplemental appropriations. Makes it out of order in the House or the Senate to consider: (1) the conference report on a measure making supplemental appropriations if such measure contains such spending; or (2) any bill, joint resolution, or conference report if the accompanying report or joint statement of managers does not comply with this Act. Requires the Committee on Appropriations or any other House or Senate committee that reports any bill or joint resolution that provides budget authority for any emergency, the accompanying report, or the joint explanatory statement accompanying the conference report on the measure to: (1) identify all provisions that provide budget authority and the resulting outlays for such emergency; (2) state the reasons why such budget authority meets the definition of an emergency; and (3) justify why such funding is in a supplemental appropriation and not the regular appropriation for the next fiscal year. Prohibits a provision containing an earmark from being reported in a measure making supplemental appropriations. Makes it out of order in the House or the Senate to consider the conference report on any measure making supplemental appropriations containing earmarks.
Bill· HRH.R. 3861 (110th)referred
United States · United States Congress · 16 October 2007
AMT Credit Fairness and Relief Act of 2007 - Amends the Internal Revenue Code to: (1) increase the alternative minimum tax (AMT) refundable credit amount for individuals who have long-term unused minimum tax credits from prior taxable years; and (2) abate any underpayment of tax attributable to the application of special AMT rules for the treatment of incentive stock options.
Bill· SS. 2163 (110th)referred
United States · United States Congress · 15 October 2007
Tax Relief for Private Forest Landowners Act of 2007 - Amends the Internal Revenue Code to allow income averaging for individuals who sell or exchange timber, on the same basis as is currently allowed for individuals engaged in a farming or fishing business.
Bill· HRH.R. 3827 (110th)referred
United States · United States Congress · 15 October 2007
Active Duty Military Tax Relief Act of 2007 - Amends the Internal Revenue Code to: (1) allow certain small business owners (businesses having 100 or fewer employees) and self-employed individuals a tax credit for wages paid to members of the Ready Reserve of the Armed Forces and to temporary replacement employees for such members while on active military duty; (2) treat differential wage payments made to members of the Ready Reserve as earned income for tax withholding and retirement plan purposes; (3) allow the rollover of military death gratuities to individual retirement accounts, health savings accounts, Archer medical savings accounts, and education savings accounts; (4) increase the standard tax deduction by $1,000 in 2007 and 2008 for members of the uniformed services on active duty for more than 30 days; and (5) make permanent the taxpayer election to treat combat pay as earned income for purposes of computing the earned income tax credit and tax-free retirement plan distributions to individuals called to active duty.
Bill· HRH.R. 3831 (110th)referred
United States · United States Congress · 15 October 2007
Family Tax Relief Act of 2007 - Amends the Internal Revenue Code to increase the maximum amount of the child tax credit from $1,000 to $1,200. Makes permanent amendments to such credit made by the Economic Growth and Tax Relief Reconciliation Act of 2001 relating to offset against the alternative minimum tax, refundability, and inflation adjustment.
Bill· HRH.R. 3830 (110th)referred
United States · United States Congress · 15 October 2007
Fisheries Restoration and Irrigation Mitigation Act of 2007 - Amends the Fisheries Restoration and Irrigation Mitigation Act of 2000 to direct the Secretary of the Interior, acting through the Director of the U.S. Fish and Wildlife Service, to give priority to any project that has a total cost of less than $2.5 million (currently, $5 million). Authorizes the Secretary, without further appropriation and without fiscal year limitation, to accept any amounts provided to the Secretary by the Administrator of the Bonneville Power Administration. Requires: (1) any amounts provided by the Bonneville Power Administration directly or through a grant to another entity for a project carried out under the Program to be credited toward the non-federal share of project costs; and (2) the Secretary's report on projects under such Act to be made after partnering with local governmental entities and the states in the Pacific Ocean drainage area (Oregon, Washington, Montana, and Idaho). Authorizes appropriations for the Act through FY2014. Sets forth limits and requirements on the amount that may be used each fiscal year for federal and state administrative expenses of carrying out this Act.
Bill· HRH.R. 3823 (110th)referred
United States · United States Congress · 12 October 2007
Energy Efficient Appliance Tax Credit for Refrigerators and Freezers Act of 2007 - Amends the Internal Revenue Code to allow a tax credit for 25% of the cost (up to $500) of refrigerators or freezers which meet requirements for the Energy Star program. Terminates such credit after 2016.
Bill· HRH.R. 3808 (110th)open
United States · United States Congress · 10 October 2007
Combat Troops Tax Relief Act of 2007 - Amends the Internal Revenue Code to: (1) make permanent the taxpayer election to include combat zone compensation as earned income for purposes of calculating the earned income tax credit; and (2) allow an additional $1,000 standard tax deduction in 2007 and 2008 for members of the uniformed services on active duty for more than 30 days.
Bill· HRH.R. 3818 (110th)referred
United States · United States Congress · 10 October 2007
Taxpayer Choice Act of 2007 - Amends the Internal Revenue Code to: (1) repeal the alternative minimum tax on individual taxpayers after 2006; and (2) allow taxpayers to elect an alternative income tax system. Makes permanent the capital gains and dividends rate reductions enacted by the Jobs and Growth Tax Relief Reconciliation Act of 2001.
Bill· HRH.R. 3816 (110th)referred
United States · United States Congress · 10 October 2007
Military Financial Assistance Act of 2007 - Amends the Internal Revenue Code to extend through 2008: (1) the exemption from tax penalties for withdrawals from retirement plans made by active duty military personnel; and (2) mortgage revenue bond issuance authority for financing of home purchases by veterans.
Bill· HRH.R. 3801 (110th)referred
United States · United States Congress · 10 October 2007
Trade Adjustment Assistance Improvement Act - Amends the Trade Act of 1974 to allow the filing of a petition with the Secretary of Labor for certification of eligibility to apply for trade adjustment assistance (TAA) by adversely affected workers in a service sector firm, its subdivision, or a public agency. Revises group eligibility requirements for TAA to cover: (1) a shift, by a public agency to a foreign country, of production of articles or in provision of services, like or directly competitive with articles which are produced, or services which are provided by the workers' firm, subdivision, or public agency; and (2) instances where the workers' firm, subdivision, or public agency obtains or is likely to obtain such services from a foreign country. Provides for industry-wide certification of adversely affected workers for TAA. Increases the amount of payments for training of adversely affected workers under the Act. TAA Health Coverage Improvement Act of 2007 - Amends the Internal Revenue Code to increase the tax credit for the health insurance costs of certain TAA workers and Pension Benefit Guaranty Corporation (PBGC) pension recipients. Sets forth requirements to prevent a lapse of health care coverage for TAA workers and their families. Replaces alternative trade adjustment assistance for older workers provisions with eligibility requirements for wage insurance benefits to older workers who have received an industry-wide certification to apply for TAA. Increases the maximum allowance to cover costs of an adversely affected worker for job search expenses and relocation expenses. Establishes an Office of the Trade Adjustment Assistance Ombudsman. Extends the TAA program for workers through FY2012. Revises the TAA program for communities negatively impacted by trade. Establishes a TAA for communities program to coordinate the federal response. Allows the filing of a petition with the Secretary of Commerce for certification of eligibility to apply for TAA by a service sector firm. Extends the TAA program for firms through FY2012. Extends the TAA program for farmers through FY2012.
Bill· HRH.R. 3817 (110th)referred
United States · United States Congress · 10 October 2007
Agricultural Bond Improvement Act of 2007 - Amends the Internal Revenue Code to: (1) exempt agricultural bonds from the volume cap applicable to private activity bonds; (2) increase the loan limit on agricultural bonds to $450,000 and index such amount for inflation after 2007; and (3) eliminate the dollar limitation in the definition of substantial farmland used for agricultural bonds.
Bill· HRH.R. 3807 (110th)referred
United States · United States Congress · 10 October 2007
Renewable Energy Assistance Act of 2007 - Amends the Internal Revenue Code to: (1) eliminate the dollar limitation on the tax credit for residential energy efficiency property expenditures and extend such credit through 2016; (2) extend through 2016 the energy tax credit for solar energy and qualified fuel cell property; (3) allow public electric utility property to qualify for the energy tax credit; (4) extend through 2015 the tax credit for nonbusiness energy property; and (5) modify energy efficient appliance tax credit amounts for appliances (e.g., dishwashers, clothes washers, refrigerators, and dehumidifiers) produced after 2007.
Bill· HRH.R. 3820 (110th)referred
United States · United States Congress · 10 October 2007
Commercial Motor Vehicle Advanced Safety Technology Tax Act of 2007 - 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 2012.
Bill· HRH.R. 3785 (110th)referred
United States · United States Congress · 9 October 2007
Dave Thomas Adoption Act of 2007 - Amends the Internal Revenue Code to allow for penalty-free withdrawals from individual retirement plans if used to pay adoption expenses.
Resolution· HRESH.Res. 719 (110th)passed
United States · United States Congress · 9 October 2007
Sets forth the rule for consideration of the bill (H.R. 3056) to amend the Internal Revenue Code of 1986 to repeal the authority of the Internal Revenue Service to use private debt collection companies, to delay implementation of withholding taxes on government contractors, to revise the tax rules on expatriation.
Bill· SS. 2154 (110th)referred
United States · United States Congress · 4 October 2007
Local Officials Tax Relief Act of 2007 - Amends the Internal Revenue Code and Title II (Old Age, Survivors, and Disability Insurance) of the Social Security Act to exempt from social security taxes remuneration paid to any elected or appointed member of any general governing board, commission, or committee of any political subdivision of a state if such remuneration is not more than $1,300 and is paid for service performed on or after January 1, 2008.
Bill· HRH.R. 3758 (110th)referred
United States · United States Congress · 4 October 2007
Family Tax Relief Act of 2007 - Amends the Internal Revenue Code to: (1) the increase the alternative minimum tax (AMT) exemption amounts and adjust such amounts for inflation after 2008; and (2) make permanent the allowance of the dependent care tax credit, the child tax credit, and the adoption tax credit against the AMT.
Bill· HRH.R. 3764 (110th)referred
United States · United States Congress · 4 October 2007
Peace Corps Volunteers Tax Improvement Act of 2007 - Amends the Internal Revenue Code to allow a taxpayer election to suspend the five-year ownership and use requirements for the tax exclusion of gain from the sale of a principal residence during any period in which such taxpayer (or spouse) is serving outside the United States as a Peace Corps employee or volunteer. Directs the Secretary of the Treasury, in consultation with the Director of the Peace Corps, to publish guidance on allowable tax deductions related to Peace Corps service.
Bill· HRH.R. 3765 (110th)open
United States · United States Congress · 4 October 2007
Defined Contribution Plan Fee Transparency Act of 2007 - Amends the Internal Revenue Code to impose penalties on: (1) employers and multi-employer defined contribution plans for the failure of their plan administrators to provide to plan participants or beneficiaries written notices of plan fees and expenses and investment alternatives; and (2) providers of services to defined contribution plans for failure to provide certain information to plan administrators, including an estimate of total fees and expenses expected to be paid under a service contract and an itemization of the services to be provided under such contract.
Bill· HRH.R. 3771 (110th)referred
United States · United States Congress · 4 October 2007
State and Local Candidate Fairness Act of 2007 - Amends the Internal Revenue Code to provide that the graduated income tax rates applicable to principal campaign committees of candidates for Congress shall also apply to all comparable committees of candidates for state and local offices.
Bill· HRH.R. 3770 (110th)referred
United States · United States Congress · 4 October 2007
Qualified Personal Service Corporations Clarification Act of 2007 - Amends the Internal Revenue Code to modify the criteria for determining whether a corporation is a qualified personal service corporation. Includes within the definition of qualified personal service corporation a qualifying corporation substantially all of whose stock is held by certain former employees (thus permitting such corporation to use the cash method of accounting).
Bill· SS. 2129 (110th)referred
United States · United States Congress · 3 October 2007
Hydrogen Tax Incentives Act of 2007 - Amends the Internal Revenue Code to allow a tax credit through December 31, 2010, for hydrogen installation and infrastructure costs and hydrogen fuel costs.
Bill· HRH.R. 3738 (110th)open
United States · United States Congress · 3 October 2007
Earmark Reform Act 2007 - Amends the Congressional Budget of 1974 to subdivide amounts allocated to the congressional appropriations committees into: (1) a specified total of new budget authority and outlays for earmarks in appropriations measures for the first fiscal year of the first concurrent budget resolution; and (2) an amount of total new budget authority and outlays for such earmarks for the first fiscal year of each ensuing budget resolution equal to 1% of total new budget authority and total outlays allocated to such committees. (Thus caps total earmarks at 1% of total new budget authority and total outlays allocated each fiscal year to such committees.) Makes it out of order in the House of Representatives or the Senate to consider any bill, joint resolution, or amendment if its enactment would cause the applicable allocation of new budget authority or outlays for a fiscal year to be exceeded.
Bill· HRH.R. 3736 (110th)referred
United States · United States Congress · 3 October 2007
Combat Pay Tax Flexibility Act of 2007 - Amends the Internal Revenue Code to make permanent the taxpayer election to include combat zone compensation as earned income for purposes of calculating the earned income tax credit.
Bill· HRH.R. 3742 (110th)referred
United States · United States Congress · 3 October 2007
Amends the Internal Revenue Code to make permanent the use of tax-exempt mortgage revenue bonds to finance the purchase of residences for veterans who are exempt from prior homeownership requirements.
Bill· HRH.R. 3740 (110th)referred
United States · United States Congress · 3 October 2007
America Saving for Personal Investment, Retirement, and Education Act of 2007 or the ASPIRE Act of 2007 - Establishes a KIDS Account Fund in the Treasury. Establishes within the Fund a Kids Investment and Development Savings Account (KIDS Account). Makes eligible to contribute to such account, and to receive a matching federal contribution, any U.S. citizen born after December 31, 2007, and under 18 years of age, whose modified adjusted gross income is below the applicable national median adjusted gross income amount. Creates the KIDS Account Fund Board to establish a default investment program under which, in a manner similar to a lifecycle investment program, sums in each KIDS Account are allocated to investment funds in the KIDS Account Fund based on the amount of time before the account holder attains the age of 18. States that, for purposes of the Internal Revenue Code, each KIDS Account shall be treated in the same manner as a Roth IRA. Applies Roth IRA requirements separately to KIDS accounts. Provides for: (1) distributions for higher education expenses; and (2) privately managed KIDS accounts. Subjects the Board to the same composition requirements, duties, and responsibilities as the Federal Retirement Thrift Investment Board. Instructs the Secretary of the Treasury, in coordination with the Financial Literacy and Education Commission, to develop programs to promote the financial literacy of account holders of KIDS Accounts.
Bill· SS. 2128 (110th)open
United States · United States Congress · 2 October 2007
Permanent Internet Tax Freedom Act of 2007 - Amends the Internet Tax Freedom Act to make permanent the ban on state and local taxation of Internet access and on multiple or discriminatory taxes on electronic commerce.
Bill· SS. 2126 (110th)referred
United States · United States Congress · 2 October 2007
Generate Retirement Ownership Through Long-Term Holding Act of 2007 - Amends the Internal Revenue Code to provide that no gain shall be recognized on the receipt of a capital gain dividend distributed by a regulated investment company if such dividend is automatically reinvested in additional shares of the company pursuant to a dividend reinvestment plan.
Bill· HRH.R. 3726 (110th)referred
United States · United States Congress · 2 October 2007
Property Tax Relief Act of 2007 - Amends the Internal Revenue Code to: (1) allow state and local real property taxes paid on a principal residence as a deduction from gross income (thus allowing taxpayers who do not itemize their tax deductions to claim such deduction); and (2) exclude such deduction from the calculation of alternative minimum taxable income for purposes of the alternative minimum tax on individuals.
Bill· HRH.R. 3717 (110th)referred
United States · United States Congress · 2 October 2007
Healthy Workforce Act of 2007 - Amends the Internal Revenue Code to allow employers a 50% tax credit for the costs of providing employees with a qualified wellness program. Defines "qualified wellness program" as a program that is certified by the Secretary of Health and Human Services and that consists of a health awareness and education component, a behavioral change component, and a supportive environment component. Terminates such credit after 2017. Requires the Secretary of the Treasury to institute an outreach program to inform businesses about the availability of such wellness program tax credit.
Bill· HRH.R. 3735 (110th)referred
United States · United States Congress · 2 October 2007
Amends the Internal Revenue Code to extend through 2013 the tax rule exempting dividends, interest, rents, and royalties received or accrued from certain controlled foreign corporations by a related entity from treatment as foreign holding company income (thus permitting tax deferral of such income).
Bill· SS. 2121 (110th)referred
United States · United States Congress · 1 October 2007
Caregiver Assistance and Relief Effort Act of 2007 or the CARE Act of 2007 - Amends the Older Americans Act of 1965 to increase and extend, through FY2011, the authorization of appropriations for the national family caregiver support program, including caregiver support programs for Native Americans. Amends the Internal Revenue Code to: (1) allow caregivers a tax credit for family members with long-term care needs; (2) allow a tax deduction for long-term care insurance premiums; and (3) apply certain consumer protection provisions to long-term care insurance contracts.
Bill· SJRESS.J.Res. 19 (110th)referred
United States · United States Congress · 1 October 2007
Constitutional Amendment - Prohibits, except in time of a congressionally declared war, federal fiscal year expenditures from exceeding: (1) federal revenues for that fiscal year, except revenue received from the issuance of bonds, notes, or other obligations of the United States; and (2) 20% of the gross national product for the preceding calendar year. Authorizes suspension of these prohibitions by concurrent resolution approved by a three-fifths vote of each chamber.
Bill· HRH.R. 3708 (110th)referred
United States · United States Congress · 1 October 2007
American Family Farm and Ranchland Protection Act - Amends the Internal Revenue Code to increase to $5 million the limitation on the estate tax exclusion for land subject to a qualified conservation easement and to increase the percentage of the value of such land that is excludable.
Bill· HRH.R. 3715 (110th)referred
United States · United States Congress · 1 October 2007
Rural Commuters Relief Act of 2007 - Amends the Internal Revenue Code to allow individual taxpayers who reside in a rural area of not more than 30,000 people a tax deduction for up to $100 of commuting costs in any month in which the cost of gasoline is at least $3 per gallon (high gasoline price month). Allows an additional $100 deduction amount for carpooling during a high gasoline price month. Allows individual taxpayers to claim such deduction whether or not they itemize their other deductions.