Records whose title is actually about this topic. Use a country filter if the list is still too broad.
Records
Bill· HRH.R. 6209 (112th)referred
United States · United States Congress · 26 July 2012
Student Loan Opportunity Act of 2012 - Amends the Internal Revenue Code, with respect to tax-exempt private activity bond financing, to eliminate the restriction on nonprofit corporations that acquire student loan notes to notes incurred under the Higher Education Act of 1965 (thus allowing such corporations to access tax-exempt financing for other types of student loans).
Bill· HRH.R. 6206 (112th)referred
United States · United States Congress · 26 July 2012
Build America Bonds Act of 2012 - Amends the Internal Revenue Code to: (1) make permanent the issuance authority for Build America Bonds and the authority for payments to issuers of such bonds; (2) make phased reductions in the credit percentage to bondholders and the percentage of payments to issuers of such bonds; (3) allow refundings of currently issued bonds; (4) allow the use of Build America bonds to fund capital expenditures for levees and flood control projects; and (5) deny a tax deduction to major integrated oil companies for income attributable to the production, refining, processing, transportation, or distribution of oil, gas, or any primary product thereof.
Bill· HRH.R. 6205 (112th)referred
United States · United States Congress · 26 July 2012
Protect and Save Act of 2012 - Amends the Internal Revenue Code to: (1) authorize the Secretary of the Treasury to disclose tax return information to federal and state law enforcement agencies to assist in the investigation of the misuse of the identity of another person for purposes of filing a false or fraudulent tax return, (2) direct the Commissioner of Internal Revenue to establish within the Criminal Investigation Division of the Internal Revenue Service (IRS) the position of Local Law Enforcement Liaison to coordinate the investigation of tax fraud with state and local law enforcement agencies, and (3) make permanent the authority of the Secretary to disclose tax return information to federal and state prison officials to prevent the filing of false or fraudulent tax returns by prison inmates. Requires the Secretary of the Treasury to: (1) implement an identity theft tax fraud prevention program; and (2) review whether current tax laws and regulations related to the confidentiality and disclosure of tax return information prevent the effective enforcement of federal, state, and local identity theft statutes. Requires the Comptroller General (GAO) to conduct a study and report on: (1) the role of prepaid debit cards and commercial tax preparation software in facilitating fraudulent tax returns through identity theft, and (2) the role e-filing and electronic tax returns play in either facilitating or preventing fraudulent tax returns through identity theft. Prohibits the Secretary of Commerce from disclosing information contained on the Death Master File relating to a deceased individual to persons who are not certified to access such information. Requires the head of the Federal Bureau of Prisons to submit a detailed plan to Congress on how information obtained from the IRS will be used to reduce prison tax fraud.
Bill· SS. 3442 (112th)open
United States · United States Congress · 25 July 2012
Success Ultimately Comes from Capital, Contracting, Education, Strategic Partnerships, and Smart Regulations Act of 2012 or SUCCESS Act of 2012 - Amends the Internal Revenue Code to temporarily extend: (1) the 100% exclusion from gross income of gain from the sale or exchange of qualified small business stock, (2) the increased tax deduction for business start-up expenses, (3) a reduction from 10 to 5 years in the recognition period for built-in gains of S corporations, (4) the five-year carryback of tax credit amounts of eligible small businesses, and (5) the increased expensing of depreciable business assets. EXCEL Act of 2012- Amends the Small Business Investment Act of 1958 to: (1) authorize the Administrator of the Small Business Administration (SBA) to guarantee the payment of up to $4 billion per fiscal year for debentures or participating securities issued by small business investment companies (SBICs) to encourage the formation and growth of small businesses, (2) increase the maximum amount of outstanding leverage for two or more commonly-controlled SBICs, (3) authorize annual inflationary adjustments of such limits, (4) direct the Administrator to make publicly available specified fiscal and related information with respect to each SBIC, and (5) allow SBIC licensing fees to be used for SBIC program needs other than the costs of licensing examinations. Expresses the sense of Congress supporting SBIC partnerships with community banks and other lenders. Amends the Small Business Jobs Act of 2010 to extend through March 27, 2014 (under current law, through September 27, 2012) the authority for SBA refinancing of small business debt not involving business expansion under the SBA's local development business loan program. Amends the Small Business Act to direct the Administrator to make publicly available a user-friendly database of information related to lenders making loans under such Act or the Small Business Investment Act of 1958. Small Business Export Growth Act of 2012 - Requires certain reports to Congress: (1) on improving access to export information on the Export.gov website, and (2) for developing a single website for complying with and disseminating information about U.S. export control laws and regulations. Requires: (1) at least one outreach event each fiscal year in each state with respect to sales opportunities for the export of small business goods and services, (2) the establishment of a Small Business Inter-Agency Task Force on Export Financing, (3) a program to cross-train export finance specialists with respect to the promotion of exports by rural small businesses, (4) a program to register export management companies, and (5) development of a small business trade strategy. Adds the Commonwealth of the Northern Mariana Islands to the list of U.S. territories and possessions eligible for SBA grants to carry out export programs that assist certain small businesses. Directs the Administrator to develop and submit to Congress a plan for using SBA entrepreneurial development programs to create jobs during FY2013-FY2014. Women's Small Business Ownership Act of 2012 - Directs the SBA's Office of Women's Business Ownership to address issues concerning the management, operations, manufacturing, technology, finance, retail and product sales, international trade, government contracting, and other disciplines required for starting, operating, and increasing the business of a small business. Authorizes the Administrator to provide financial assistance to qualifying entities to conduct projects designed to provide training and counseling meeting the needs of women business owners, especially socially and economically disadvantaged women business owners. Directs the Comptroller General (CG) to study and report to Congress on: (1) the unique economic issues facing women's business centers located in predominately rural, urban, or insular areas; and (2) SBA oversight of women's business centers. Requires that, after December 31, 2013, the Administrator make certain minority entrepreneurship and innovation grants only to institutions of higher education that are accredited (and not merely in preaccreditation status) by a nationally recognized accrediting agency. Increases SBDC funding levels. Allows the Administrator to authorize a SBDC to provide assistance to small businesses outside the state of that SBDC, without regard to geographical proximity, if the small business is in an area for which the President has declared a major disaster. Terminates SBDC authority to assist small businesses in responding to the impact of planned closures or force reductions at nearby military facilities. Repeals: (1) the Paul D. Coverdell drug-free workplace demonstration program, and (2) the National Veterans Business Development Corporation. Allows the Administrator to guarantee a surety against any loss resulting from the breach of a bond by a principal on any work order or contract amount up to $5 million (under current law, up to $2 million). Requires the Administrator to reimburse such a surety unless the total contract exceeds such increased amount. Small Business Contracting Fraud Prevention Act of 2012 - Includes under penalties for misrepresentation a business that misrepresents itself as a small business owned and controlled by service-disabled veterans. Includes under such penalties misrepresentation for purposes of the award of a grant or cooperative agreement through the SBA. Expands authorized remedies to include civil remedies available under the False Claims Act, as well as the amount actually received from the federal government under a contract, grant or cooperative agreement, or losses sustained. Provides additional events or instances under which an entity shall be considered to have misrepresented its status. Requires an entity seeking status as a small business owned and controlled by service-disabled veterans to submit an annual certification of such status, and to register with specified databases that track veteran small businesses. Amends the 8(a) (SBA general small business loan) program to direct the CG, every three years, to evaluate the program and report evaluation results. Requires related program oversight by the Administrator. Directs the Administrator to: (1) ensure the accuracy and appropriate revision of HUBZone (heavily underutilized business zone) maps, (2) ensure that only small businesses determined to be qualified to participate in HUBZone programs are participating, (3) report on HUBZone small business applications or recertifications, and (4) develop measures and implement plans to assess the effectiveness of the HUBZone program. Requires an annual report from the Administrator on suspensions, debarments, and prosecutions related to unauthorized participation in, or misrepresentation under, SBA programs. Fairness in Women-Owned Small Business Contracting Act of 2012 - Revises provisions concerning the procurement program for women-owned small businesses (providing a federal procurement contracting preference to such businesses) to: (1) remove the requirement that the woman or women owning such business be economically disadvantaged, (2) remove contract award price limits, and (3) allow a contracting officer to award a sole source contract to such a business under the same conditions as such a contract may be awarded to a qualified HUBZone small business. Directs the Administrator to periodically conduct a study to identify any U.S. industry in which women are underrepresented. Small Business Champion Act of 2012 - Requires the Director of the Small and Disadvantaged Business Utilization (established in each federal agency having procurement functions) to be compensated at least at the GS-15 rate, and allows such position to be compensated at up to a Senior Executive Service level. Provides additional Director duties. Amends the Federal Acquisition Streamlining Act of 1994 to require the Small Business Procurement Advisory Council to: (1) conduct reviews of each Office of Small and Disadvantaged Business Utilization to determine compliance with SBA requirements, and (2) identify best practices for maximizing small business utilization in federal contracting. Expresses the sense of Congress in support of reduced paperwork burdens on small businesses and in maximizing their use of common applications in interaction with federal agencies. Establishes the Executive Committee on a Small Business Common Application. Requires a CG report evaluating the status of programs authorized and amendments made under this Act.
Bill· SS. 3440 (112th)referred
United States · United States Congress · 25 July 2012
Extends for an additional year the estate, gift, and generation-skipping transfer provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001.
Bill· SS. 3434 (112th)referred
United States · United States Congress · 25 July 2012
End Government Shutdowns Act - Makes specified provisional (automatic) continuing appropriations in the event that any regular appropriation bill for a fiscal year is not enacted before the beginning of such fiscal year, or a joint resolution making continuing appropriations is not in effect. (Thus prevents a federal government shutdown.)
Bill· SS. 3432 (112th)referred
United States · United States Congress · 25 July 2012
Identity Theft and Tax Fraud Prevention Act - Amends the Internal Revenue Code to: (1) impose a criminal penalty on any person who willfully misappropriates another person's taxpayer identity, (2) increase the penalty for unauthorized disclosure of taxpayer information by paid tax preparers, (3) require the Commissioner of Internal Revenue to submit to the House Committee on Ways and Means and the Senate Committee on Finance an annual report detailing the number of reports of tax fraud and suspected tax fraud received from state and local law enforcement agencies and actions taken in response to such reports, and (4) make permanent the authority of the Secretary of the Treasury to disclose information about federal or state prison inmates who may have filed or facilitated the filing of false or fraudulent tax returns and to allow disclosures of such information to contractors responsible for the operation of a federal or state prison. Directs the Secretary to implement an identity theft tax fraud prevention program that provides for a unique personal identification number (PIN) on tax returns. Authorizes the Commissioner to transfer appropriated funds to be used solely to prevent and resolve potential tax fraud cases. Directs the Commissioner to establish in the Criminal Investigation Division of the Internal Revenue Service (IRS) the position of Local Law Enforcement Liaison to coordinate the investigation of tax fraud with state and local law enforcement agencies. Directs the Comptroller General (GAO) to study and report on the role of prepaid debit cards and commercial tax preparation software in facilitating fraudulent tax returns through identity theft. Prohibits the Secretary of Commerce from disclosing information contained on the Death Master File relating to a deceased individual to persons who are not certified to access such information. Directs the Secretary of Health and Human Services (HHS) to: (1) establish and implement procedures to eliminate the unnecessary collection, use, and display of Social Security account numbers of Medicare beneficiaries; (2) ensure that newly-issued Medicare identification cards meet certain security standards; and (3) establish a pilot program to evaluate the applicability of smart card technology to Medicare beneficiaries or providers and whether such cards would be effective in preventing Medicare fraud.
Bill· HRH.R. 6204 (112th)referred
United States · United States Congress · 25 July 2012
Investment Adviser Examination Improvement Act of 2012 - Declares the sense of Congress that the Securities and Exchange Commission (SEC) should increase the number and frequency of examinations of investment advisers. Amends the Investment Advisers Act of 1940 to direct the SEC to collect an annual fee from investment advisers subject to SEC inspection or examination to defray the cost of such inspections and examinations. Exempts certain state-regulated investment advisers from the requirement to pay an annual fee. Prescribes a fee calculation formula. Requires the SEC to make the formula publicly available on its website along with the factors used to reach the fee determination. Requires the Comptroller General to audit biennially the use of such fees, SEC reviews of the fee formula, and any adjustments to it. Makes such fees available to the SEC, without further appropriation or fiscal year limitation, to pay costs associated with inspecting and examining investment advisers.
Bill· HRH.R. 6203 (112th)referred
United States · United States Congress · 25 July 2012
Protect Our Schools from Tax Delinquents Act of 2012 - Amends the United States Housing Act of 1937 to require that each housing assistance payments contract entered into under the Section 8 rental assistance voucher program by a public housing agency (PHA) and the owner of a dwelling unit provide that such owner pay, on a timely basis, all covered taxes validly assessed against the property in which the unit is located. Defines "covered taxes" as any tax under state or local law assessed upon real property or the revenue of which is dedicated for use only for schools or for costs of education. Allows a contract to provide that, upon notification and identification of a tax delinquency by a taxing authority, the PHA shall abate all of the rental assistance amounts for the property, transferring them monthly to the taxing authority, until the delinquency is eliminated. Declares that nothing in this Act may be construed to authorize, or establish any cause or grounds for, the termination of the tenancy of any tenant from any dwelling unit assisted under the rental assistance voucher program. Requires the Secretary of Housing and Urban Development (HUD) to maintain a database of information regarding owners of dwelling units: (1) assisted under the program whose housing assistance payments contracts have been terminated for noncompliance with the requirements of this Act, and (2) with respect to whom assistance amounts have been abated and transferred to a taxing authority.
Bill· HRH.R. 6202 (112th)referred
United States · United States Congress · 25 July 2012
True Cost of Coal Act of 2012 - Amends the Internal Revenue Code to: (1) impose a $10 per ton excise tax on the extraction of coal; (2) establish in the Treasury the Coal Mitigation Trust Fund to hold revenues from such tax; and (3) extend to 50 years the recovery period, for depreciation purposes, for specified coal port property used for the export of coal. Allows expenditures from the Coal Mitigation Trust Fund to assist states in mitigating noise, vibration, traffic delays, pollution and other threats to public health, and emergencies in connection with the transportation of coal by rail, and to provide worker adjustment assistance. Directs the Secretary of Transportation (DOT) to issue regulations to require all rail cars transporting coal to be covered or to incorporate a suitable alternative technology to ensure that coal and coal dust do not escape during transportation.
Bill· HRH.R. 6182 (112th)referred
United States · United States Congress · 25 July 2012
American Advanced Energy Manufacturing Jobs Act of 2012 - Amends the Internal Revenue Code, with respect to the tax credit for the qualifying advanced energy project program, to: (1) allow, through December 31, 2016, an additional credit amount for the cost of manufacturing equipment that uses solar energy to generate electricity, fuel cell power plants, and systems for the electro-chemical storage of electricity; and (2) increase for 2012 the amount of credits that may be allocated under such program. Provides for an offset against such increased credit by denying to any major integrated oil company: (1) a foreign tax credit if such company receives a tax preference from a foreign jurisdiction that does not impose a generally applicable income tax, and (2) a tax deduction for intangible drilling and development costs.
Bill· HJRESH.J.Res. 116 (112th)referred
United States · United States Congress · 25 July 2012
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 domestic product for the preceding calendar year. Authorizes suspension of these prohibitions by concurrent resolution approved by a three-fifths vote of the Senate and a two-thirds vote of the House of Representatives. Requires the President, before each fiscal year, to transmit to Congress a proposed federal budget for that fiscal year in which total outlays do not exceed total revenues received by the United States.
Bill· SS. 3429 (112th)open
United States · United States Congress · 24 July 2012
Veterans Jobs Corps Act of 2012 - Directs the Secretary of Veterans Affairs (VA) (Secretary) to establish a veteran jobs corps to employ veterans: (1) in conservation, resource management, and historic preservation projects on public lands and maintenance and improvement projects for cemeteries under the jurisdiction of the National Cemetery Administration; and (2) as firefighters and law enforcement officers. Requires priority employment for veterans who served on active duty on or after September 11, 2001. Provides for such employment in coordination with the Attorney General, the Commanding General of the U.S. Army Corps of Engineers, and the Secretaries of Agriculture, Commerce, Homeland Security, and the Interior. Directs the Secretary to establish a steering committee for assistance in providing such employment. Directs the Secretary of Labor to commence a pilot program to assess the feasibility and advisability of providing veterans seeking employment with access to computing facilities in order to: (1) match veterans with available jobs based on veterans' skills acquired as members of the Armed Forces, and (2) allow employers to post information about available jobs. Directs the Secretary, as a condition of a grant or contract to a state for certain veterans' employment and training programs, to require the state to demonstrate the consideration of any military training received by a veteran when approving or denying a license or certification as a nursing assistant, certified nursing assistant, commercial driver, emergency medical technician EMT-B or EMT-1, or emergency medical technician-paramedic. Directs the Secretary of Labor to establish minimum funding levels for specified veterans' benefits contracts and grants to ensure that each state receives sufficient funding to support at least one disabled veterans' outreach program specialist and one local veterans' employment representative per 5,000 square miles of service delivery area within the state. Directs the Secretary of Labor, during the three-year period beginning on the date of enactment of this Act, to provide the Transition Assistance Program to veterans and their spouses at locations other than military installations in at least three and up to five states selected by the Secretary based on the highest rates of veteran unemployment. Amends the Internal Revenue Code to provide for a 100% continuous levy upon the property and rights of Medicare (title XVIII of the Social Security Act) providers and suppliers neglecting or refusing to pay taxes. Permits the Secretary of State to deny, revoke, or limit a passport to any individual upon receiving certification from the Secretary of the Treasury that such individual has a delinquent tax debt in an amount in excess of $50,000.
Bill· SS. 3427 (112th)referred
United States · United States Congress · 24 July 2012
Makes permanent provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 allowing a tax credit for employer-provided child care.
Bill· HRH.R. 6170 (112th)referred
United States · United States Congress · 24 July 2012
Saving Essential American Sailors Act or SEAS Act - Amends the Moving Ahead for Progress in the 21st Century Act (MAP-21) to repeal the Act's repeal of the agricultural export requirements that: (1) 25% of the gross tonnage of certain agricultural commodities or their products exported each fiscal year be transported on U.S. commercial vessels, and (2) the Secretary of Transportation (DOT) finance any increased ocean freight charges incurred in the transportation of such items. Revives and reinstates those repealed requirements to read as if they were never repealed.
Bill· HRH.R. 6169 (112th)open
United States · United States Congress · 24 July 2012
Pathway to Job Creation through a Simpler, Fairer Tax Code of 2012 - States that the purpose of this Act is to provide for the enactment of comprehensive tax reform in 2013. Defines "tax reform bill" for purposes of this Act, as a bill of the 113th Congress that is introduced not later than April 30, 2013, and is certified by the chair of the Joint Committee on Taxation as containing proposals to: (1) consolidate the 6 current individual income tax brackets into a maximum of 2 brackets (of 10% and not higher than 25%), (2) reduce the corporate income tax rate to not more than 25%, (3) repeal the alternative minimum tax (AMT), (4) broaden the tax base so that tax revenues comprise between 18 and 19% of Gross Domestic Product (GDP), and (5) reform the current system of foreign taxation. Provides for expedited consideration of such tax reform bill in the House of Representatives and the Senate.
Bill· HRH.R. 6181 (112th)referred
United States · United States Congress · 24 July 2012
Amends the Internal Revenue Code to extend through 2013: (1) the increase in the refundable portion of the child tax credit, (2) the increased percentage of the earned income tax credit for taxpayers with three or more qualifying children, and (3) the disregard of tax refunds in determining eligibility for means tested federal programs. Extends through 2013 provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 relating to the child tax credit and the earned income tax credit.
Bill· HRH.R. 6180 (112th)referred
United States · United States Congress · 24 July 2012
Amends the Internal Revenue Code to eliminate tax-exempt interest earned on private activity bonds as an item of tax preference for purposes of calculating the alternative minimum tax.
Bill· HRH.R. 6179 (112th)referred
United States · United States Congress · 24 July 2012
Amends the Internal Revenue Code to extend through 2013: (1) the increase in the Hope Scholarship tax credit (American Opportunity Tax Credit), and (2) the disregard of tax refunds for purposes of determining eligibility for means tested federal programs.
Bill· HRH.R. 6177 (112th)referred
United States · United States Congress · 24 July 2012
Support Our Startups Act of 2012 - Amends the Internal Revenue Code to allow an increased tax deduction for business start-up expenditures in 2012 and 2013.
Law· HRH.R. 8 (112th)enacted
United States · United States Congress · 24 July 2012
Job Protection and Recession Prevention Act of 2012 - Extends through 2013: (1) the tax rate reductions and other tax benefits of the Economic Growth and Tax Relief Reconciliation Act of 2001, and (2) the reduction in the tax rates for dividend and capital gain income enacted by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Amends the Internal Revenue Code to extend for an additional year: (1) the increased expensing allowance for depreciable business assets, including computer software; (2) the increased exemption amount from the alternative minimum tax (AMT) for individual taxpayers; and (3) the offset against the AMT for certain nonrefundable personal tax credits. Provides that the budgetary effects of this Act shall not be taken into account under the Statutory Pay-As-You-Go Act of 2010.
Resolution· HRESH.Res. 739 (112th)open
United States · United States Congress · 24 July 2012
Sets forth the rule for consideration of the bill (H.R. 6083) to provide for the reform and continuation of agricultural and other programs of the Department of Agriculture through fiscal year 2017.
Bill· SS. 3420 (112th)open
United States · United States Congress · 23 July 2012
Permanent Tax Relief Act - Makes permanent: (1) the Economic Growth and Tax Relief Reconciliation Act of 2001, and (2) provisions of the Jobs and Growth Tax Relief Reconciliation Act of 2003 that reduce tax rates on dividend and capital gain income. Amends the Internal Revenue Code to make permanent: (1) the increased alternative minimum tax (AMT) exemption amount for individual taxpayers, and (2) the offset against the AMT for certain nonrefundable personal tax credits. Repeals the estate tax and the tax on generation-skipping transfers. Reduces the maximum gift tax rate to 35%. Allows a lifetime gift tax exemption of $5 million.
Bill· SS. 3417 (112th)referred
United States · United States Congress · 23 July 2012
Tax Hike Prevention Act of 2012 - Extends through 2013: (1) the Economic Growth and Tax Relief Reconciliation Act of 2001, and (2) the reduction in the tax rates for dividend and capital gain income enacted by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Amends the Internal Revenue Code to extend for an additional year: (1) the increased exemption amount for the alternative minimum tax (AMT); (2) the offset against the AMT for certain nonrefundable personal tax credits; and (3) the increased expensing allowance for depreciable business assets, including computer software. Directs the Senate Committee on Finance to report tax reform legislation not later than 12 months after the enactment of this Act.
Bill· HRH.R. 6165 (112th)referred
United States · United States Congress · 23 July 2012
Responsible Child Tax Credit Eligibility Verification Act of 2012 - Amends the Internal Revenue Code to require a taxpayer who is an alien and who is claiming the refundable portion of the child tax credit to attach to his or her tax return a photocopy of: (1) each page of the taxpayer's passport; (2) the taxpayer's nonimmigrant visa or permanent residence card; (3) evidence of valid employment authorization; (4) the taxpayer's arrival-departure documentation; and (5) the passport, visa or permanent residence card, and arrival-departure documentation for each qualifying alien child of the taxpayer.
Bill· SS. 3412 (112th)passed
United States · United States Congress · 19 July 2012
Middle Class Tax Cut Act - Extends through 2013 for a taxpayer whose income is $200,000 or less ($250,000 for married couples filing a joint return): (1) the tax rate reductions and other tax benefits of the Economic Growth and Tax Relief Reconciliation Act of 2001, and (2) the reduction in the tax rate for dividend and capital gain income enacted by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Increases income tax rates and phases-out personal exemptions and itemized deductions for certain high-income taxpayers. Amends the Internal Revenue Code to extend through 2013: (1) the increased American Opportunity tax credit, (2) the increase in the refundable portion of the child tax credit, (3) the increased earned income tax credit percentage for three or more qualifying children, (4) the disregard of tax refunds in determining eligibility for federal and federally-assisted programs, and (5) the election to expense depreciable business assets. Extends for one year: (1) the increased exemption amount for the alternative minimum tax (AMT), and (2) the offset against the AMT of certain nonrefundable personal tax credits. Provides that the budgetary effects of this Act shall not be taken into account under the Statutory Pay-As-You-Go Act of 2010.
Bill· SS. 3413 (112th)open
United States · United States Congress · 19 July 2012
Tax Hike Prevention Act of 2012 - Extends through 2013: (1) the Economic Growth and Tax Relief Reconciliation Act of 2001, and (2) the reduction in the tax rates for dividend and capital gain income enacted by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Amends the Internal Revenue Code to extend for an additional two years: (1) the increased exemption amount for the alternative minimum tax (AMT); (2) the offset against the AMT for certain nonrefundable personal tax credits; and (3) the increased expensing allowance for depreciable business assets, including computer software. Directs the Senate Committee on Finance to report tax reform legislation not later than 12 months after the enactment of this Act.
Bill· SS. 3411 (112th)referred
United States · United States Congress · 19 July 2012
Amends the Patient Protection and Affordable Care Act (PPACA) to provide that provisions of such Act imposing a penalty for failure to purchase minimum essential health care coverage shall not be construed as imposing any tax or as an exercise of any power of Congress under the Constitution to impose a tax. Makes the effective date of the amendment made by this Act retroactive to the enactment date of PPACA.
Bill· SS. 3404 (112th)referred
United States · United States Congress · 19 July 2012
Department of Energy Reorganization Act of 2012 - Establishes within the Department of Energy (DOE) an Office of Federal Energy Production, headed by a Director appointed by the Secretary of Energy. Transfers to such Director the current functions of the Directors of: (1) the Bureau of Ocean Energy Management, (2) the Bureau of Safety and Environmental Enforcement, and (3) the Bureau of Land Management of the Department of the Interior with respect to oil and gas development and renewable energy production. Establishes within DOE the Bureau of Safety and Environmental Enforcement, to whose Director are transferred the functions and regulatory authority of the Director of the Bureau of Safety and Environmental Enforcement of the Department of the Interior. Terminates the latter Bureau upon completion of all transfers. Establishes within DOE the Bureau of Ocean Energy Management, to whose Director are transferred the functions of the Director of the Bureau of Ocean Energy Management of the Department of the Interior. Terminates the latter Bureau upon completion of all transfers. Amends the Outer Continental Shelf Lands Act, with respect to the Outer Continental Shelf (OCS) oil and gas leasing program, to require the Secretary to certify that the oil and gas leasing program prepared will best meet national energy needs for the five-year period following its approval or reapproval. Directs the Secretary to amend the program to include additional lease sales in additional areas if it is determined that the United States will require more than one million barrels of oil per day for the next fiscal year from foreign sources other than Canada and Mexico. Amends the Mineral Leasing Act to authorize appropriations to the Secretary to implement oil shale and gilsonite leases and permits. Exempts DOE from the jurisdiction of the Equal Access to Justice Act.
Bill· SS. 3403 (112th)referred
United States · United States Congress · 19 July 2012
Death Tax Repeal Act - Repeals the federal estate, gift, and generation-skipping transfer taxes.
Resolution· SCONRESS.Con.Res. 52 (112th)open
United States · United States Congress · 19 July 2012
Sets forth the congressional budget for the federal government for FY2013, including the appropriate budgetary levels for FY2014-FY2022. Lists recommended budgetary levels and amounts for FY2013-FY2022 with respect to: (1) federal revenues, (2) new budget authority, (3) budget outlays, (4) deficits, (5) public debt, and (6) debt held by the public. Lists the appropriate levels of new budget authority, outlays, and administrative expenses of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund (Social Security Trust Funds) and specified major functional categories for FY2013-FY2022. Authorizes the Chairman of the Senate Budget Committee to make certain deficit-reduction reserve funds for legislation for: (1) the sale of unused or vacant federal properties, (2) the sale of excess federal lands, (3) repeal of the Davis-Bacon prevailing wage laws, (4) the reduction of the federal vehicles fleet, (5) the sale of financial assets purchased through the Troubled Asset Relief Program (TARP), and (6) repeal of the Patient Protection and Affordable Care Act of 2010 (PPACA). Authorizes the Chairman to reduce the allocations of committees for any savings achieved by such sales, repeals, and reduction, with the savings used to reduce the deficit. Makes it out of order to consider in the Senate any legislation that would cause the discretionary spending limits in this resolution to be exceeded, except by a supermajority waiver. Specifies such discretionary spending limits in the Senate for FY2013-FY2022. Makes it out of order to consider in the Senate any legislation that would require advanced appropriations. Requires Senate committees to: (1) review programs and tax expenditures in their jurisdictions to identify waste, fraud, and abuse or duplication, and to increase the use of performance data to inform committee work; (2) review the matters for congressional consideration identified on the Government Accountability Office's (GAO) High Risk list report; and (3) make recommendations to the Senate Budget Committee to improve governmental performance in their annual views and estimates reports. Sets forth reconciliation instructions for the Senate Committees on: (1) Commerce, Science, and Transportation; (2) Agriculture, Nutrition, and Forestry; (3) Health, Education, Labor, and Pensions; and (4) Finance. Declares the policy of Congress on attainment of Social Security solvency, reduction in Medicare unfunded liabilities, Medicaid sustainability at the federal level, tax reform, federal government assets sales and transfers of government activities to the private sector, and repeal of the PPACA. Expresses the sense of Congress on: (1) applying regulatory analysis requirements for executive branch agencies to independent agencies, (2) voting on the Regulations from the Executive in Need of Scrutiny (REINS) Act, (3) the automatic biennial sunsetting of all federal regulations unless repromulgated by Congress, (4) implementing regulatory process reform, (5) incorporating formal rulemaking procedures for all major regulations, and (6) requiring any adjustments to allocations and aggregates to require rescission of any unspent or unobligated allocations after 36 months.
Bill· HRH.R. 6162 (112th)referred
United States · United States Congress · 19 July 2012
Ensuring Women's Access to Free-Market Healthcare Act of 2012 - Amends the Internal Revenue Code, with respect to the tax treatment of health savings accounts (HSAs), to allow a health plan which does not have a deductible for prenatal, labor and delivery, and postpartum care to be treated as a high deductible health plan.
Bill· HRH.R. 6152 (112th)referred
United States · United States Congress · 19 July 2012
Bring Jobs Home Act - Amends the Internal Revenue Code to: (1) grant business taxpayers a tax credit for up to 20% of insourcing expenses incurred for eliminating a business located outside the United States and relocating it within the United States, and (2) deny a tax deduction for outsourcing expenses incurred in relocating a U.S. business outside the United States. Requires an increase in the taxpayer's employment of full-time employees in the United States in order to claim the tax credit for insourcing expenses. Allows nonrecognition of gain in a corporate reorganization for corporations that exchange property solely for stock other than nonqualified preferred stock.
Bill· HRH.R. 6151 (112th)referred
United States · United States Congress · 19 July 2012
Rehabilitation of Historic Schools Act of 2012 - Amends the Internal Revenue Code to allow rehabilitation expenditures for a qualified public educational facility (defined as a school facility which is part of a public elementary or secondary school and is owned by a private, for-profit corporation pursuant to a public-private partnership agreement) to qualify for the rehabilitation tax credit.
Bill· SS. 3401 (112th)open
United States · United States Congress · 18 July 2012
Tax Relief Act of 2012 - Extends through 2013: (1) the Economic Growth and Tax Relief Reconciliation Act of 2001, and (2) the reduction in the tax rates for dividend and capital gain income enacted by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Amends the Internal Revenue Code to extend for an additional two years: (1) the increased exemption amount for the alternative minimum tax (AMT); (2) the offset against the AMT for certain nonrefundable personal tax credits; and (3) the increased expensing allowance for depreciable business assets, including computer software. Directs the Senate Committee on Finance to report tax reform legislation not later than 12 months after the enactment of this Act.
Bill· HRH.R. 6137 (112th)referred
United States · United States Congress · 18 July 2012
Helping Save Americans' Health Care Choices Act of 2012 - Amends the Patient Protection and Affordable Care Act (PPACA) to repeal: (1) the 20% penalty for distributions from a health savings account (HSA) or an Archer medical savings account (Archer MSA) not used for qualified medical expenses, (2) the prohibition on distributions from an HSA for over-the-counter drugs, and (3) the limitation on health flexible spending arrangements under cafeteria plans. Allows the treatment of a high deductible health plan as a qualified health plan under PPACA. Amends the Internal Revenue Code to allow: (1) a retirement savings tax credit for contributions to an HSA, (2) payment of premiums for high deductible health plans from an HSA, (3) a tax deduction for medical expenses incurred prior to the establishment of an HSA, (4) an increase of the HSA maximum allowable contribution amount to match the limit on deductible and out-of-pocket expenses under an HSA, (5) an exclusion from gross income of employer-provided coverage for qualified long-term care services that is provided through a flexible spending or similar arrangement, (6) eligibility for veterans with a service-connected disability, participants in Tricare, and certain Medicare beneficiaries for participation in an HSA, (7) both spouses to make catch-up contributions to the same HSA account, and (8) a tax deduction for amounts paid by patients to their primary physician in advance for the right to receive medical services on an as-needed basis. Directs the Secretary of the Treasury, through regulations or other guidance, to encourage administrators of health plans and trustees of HSAs to provide for simultaneous enrollment in high deductible health plans and setup of HSAs.
Bill· HRH.R. 6148 (112th)referred
United States · United States Congress · 18 July 2012
Families Saving for Education Act of 2012 - Makes permanent provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 relating to Coverdell education savings accounts.
Bill· HRH.R. 6144 (112th)referred
United States · United States Congress · 18 July 2012
Limits the amount of funding available to the General Services Administration (GSA) for FY2012 and for each fiscal year thereafter for the acquisition of new vehicles for the federal fleet to 80% of the amount available for such vehicles for FY2011. Exempts from such limitation amounts for the acquisition of new vehicles for national security purposes.
Resolution· HRESH.Res. 733 (112th)referred
United States · United States Congress · 18 July 2012
Expresses the sense of the House of Representatives that any deal on taxes and spending to replace the Budget Control Act of 2011 should: (1) not cut Medicare, Medicaid, or Social Security benefits; (2) contain serious revenue increases, including closing corporate tax loopholes and increasing individual income tax rates for the highest earners; (3) significantly reduce defense spending to focus the U.S. Armed Forces on combating 21st century risks; and (4) promote economic growth and expanded economic opportunity by including strong levels of job-creating federal investments in areas such as infrastructure and education, and by promoting private investment.
Bill· SS. 3393 (112th)open
United States · United States Congress · 17 July 2012
Middle Class Tax Cut Act - Extends through 2013 for a taxpayer whose income is $200,000 or less ($250,000 for married couples filing jointly): (1) the tax rate reductions and other tax benefits of the Economic Growth and Tax Relief Reconciliation Act of 2001, and (2) the reduction in the tax rate for dividend and capital gain income enacted by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Increases income tax rates and phases-out personal exemptions and itemized deductions for certain high-income taxpayers. Amends the Internal Revenue Code to extend through 2013: (1) the increased American Opportunity tax credit, (2) the increase in the refundable portion of the child tax credit, (3) the increased earned income tax credit percentage for three or more qualifying children, (4) the disregard of tax refunds in determining eligibility for federal and federally-assisted programs, and (5) the election to expense depreciable business assets. Modifies estate tax provisions to establish: (1) an estate tax exclusion of $3.5 million, and (2) a maximum 45% estate tax rate. Extends for one year: (1) the increased exemption amount for the alternative minimum tax (AMT), and (2) the offset against the AMT of certain nonrefundable personal tax credits. Provides that the budgetary effects of this Act shall not be taken into account under the Statutory Pay-As-You-Go Act of 2010.
Bill· HRH.R. 6136 (112th)open
United States · United States Congress · 17 July 2012
Congressional Budget Office Transparency Act - Amends the Congressional Budget Act of 1974 to require the Director of the Congressional Budget Office (CBO), whenever an estimate of costs is prepared for any bill or resolution, to post on the CBO public website all working papers, including data, informational papers, methodologies, spreadsheets, computer programs, background data, revenue estimates, and aggregate data provided by the Joint Committee on Taxation, and any other material used to derive such cost estimate. Prohibits the Director from being required to post on the website any proprietary information utilized by CBO obtained from a third party with whom there is an agreement not to release such information.
Bill· SS. 3383 (112th)referred
United States · United States Congress · 12 July 2012
Deems the Draft Proposed Outer Continental Shelf Oil and Gas Leasing Program 2010-2015, issued by the Secretary of the Interior, to be the final oil and gas leasing program for the period FY2012-FY2017. Considers the Secretary to have issued a final environmental impact statement to the FY2012-FY2017 leasing program in accordance with certain requirements under the National Environmental Policy Act of 1969. Excludes Lease Sales 214, 232, and 239, from the FY2012-FY2017 final oil and gas leasing program. Declares that this Act does not affect restrictions on oil and gas leasing under the Gulf of Mexico Energy Security Act of 2006.
Bill· SS. 3380 (112th)referred
United States · United States Congress · 12 July 2012
Victory for Veterans Stamp Act of 2012 - Directs the Postal Service to issue a special stamp, to be called the Victory for Veterans Stamp, at a cost of 25 cents each. Makes such Stamp invalid for postage. Requires Stamp sale proceeds to be used as follows: (1) one-third for funding Department of Veterans Affairs (VA) veterans' vocational rehabilitation programs, (2) one-third to the general fund of the Treasury for deficit reduction, and (3) one-third for the Postal Service for modernization and fiscal administration. Requires such Stamp to be made available to the public within six months after the enactment of this Act.
Bill· SS. 3377 (112th)referred
United States · United States Congress · 12 July 2012
Philanthropic Enterprise Act of 2012 - Amends the Internal Revenue Code to exempt the holdings of a private foundation in any business enterprise that meet specified requirements relating to exclusive ownership, minimum distribution of net operating income, and independent operation (i.e., not controlled by a substantial contributor) from the excise tax on excess business holdings and unrelated business income.
Bill· HRH.R. 6123 (112th)referred
United States · United States Congress · 12 July 2012
Fulfilling Our Promise to Student Veterans Act of 2012 - Amends the Duncan Hunter National Defense Authorization Act for Fiscal Year 2009 to include among the members and former members of the Armed Forces authorized to request the correction of erroneous Army College Fund benefit amounts those members serving on active duty at the time the request is submitted. Reauthorizes through 2015 any payments required in connection with such corrections.
Bill· HRH.R. 6121 (112th)referred
United States · United States Congress · 12 July 2012
Victory for Veterans Stamp Act of 2012 - Directs the Postal Service to issue a special stamp, to be called the Victory for Veterans Stamp, at a cost of 25 cents each. Makes such Stamp invalid for postage. Requires Stamp sale proceeds to be used as follows: (1) one-third for funding Department of Veterans Affairs (VA) veterans' vocational rehabilitation programs, (2) one-third to the general fund of the Treasury for deficit reduction, and (3) one-third for the Postal Service for modernization and fiscal administration. Requires such Stamp to be made available to the public within six months after the enactment of this Act.
Bill· HRH.R. 6120 (112th)referred
United States · United States Congress · 12 July 2012
Scaling Up Manufacturing Act of 2012 - Amends the Internal Revenue Code to allow certain start-up companies that are headquartered in the United States a tax credit for up to 25% of their costs for the construction of a manufacturing facility and for the purchase of specialized equipment for use at such facility. Defines a "start-up company" as any corporation or partnership that: (1) first has both gross receipts and qualified research expenses in a taxable year beginning after December 31, 2012, or (2) has both gross receipts and qualified research expenses in fewer than three taxable years beginning after December 31, 2012, and before January 1, 2018.
Bill· HRH.R. 6115 (112th)referred
United States · United States Congress · 12 July 2012
Give Families Better Tools to Save for Education Act of 2012 - Amends the Internal Revenue Code to increase the limitation on contributions to a tax-exempt Coverdell education savings account from $2,000 to $10,000.
Bill· HRH.R. 6109 (112th)referred
United States · United States Congress · 12 July 2012
Investing in American Innovation Act of 2012 - Amends the Internal Revenue Code to: (1) extend through 2012 the tax credit for increasing research activities; (2) prohibit a reduction under any treaty of the United States of tax withholding for a tax deductible payment made between persons who are members of the same foreign controlled group of entities unless there would be a similar reduction for payments made directly to the foreign parent corporation of such entities; and (3) classify general aviation aircraft as seven-year property for purposes of the depreciation tax deduction (currently, expenses for aircraft can be deducted or expensed in the current taxable year). Defines "general aviation aircraft" as any airplane or helicopter not used in commercial or contract carrying of passengers or freight, but which primarily engages in the carrying of passengers.
Bill· HRH.R. 6108 (112th)referred
United States · United States Congress · 12 July 2012
Amends the Legislative Reorganization Act of 1946 to reduce the rate of pay otherwise applicable to Members of Congress for any month, during a Congress, by the Member's missed vote percentage for the most recent month before such month if the individual missed votes because of campaigning for election to another office. Applies this requirement to a vote taken in the Committee of the Whole House on the State of the Union unless the Member of the House of Representatives did not engage in any campaign-related activity on the date of the vote. Requires the Secretary of the Treasury to transfer from the general fund of the Treasury to a specified mandatory account to reduce the public debt the difference between the aggregate amount expended for pay of Members of Congress for the fiscal year and the aggregate amount that would have been expended but for the reduction in pay.