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Bill· HRH.R. 7708 (93rd)referred
United States · United States Congress · 10 May 1973
Allows an individual a tax credit, under the Internal Revenue Code, for educational expenses to one or more educational institutions in providing an education for himself or for any other individual. Specifies limitations on the amount of credit per individual. Prorates such credit where more than one taxpayer pays expenses. Defines "educational expenses" as tuition and fees required for the enrollment or attendance of a student at an educational institution, and fees, books, supplies and equipment required for courses at such institution. Sets forth special rules for adjustment for specified scholarship and veteran's benefits.
Bill· HRH.R. 7692 (93rd)referred
United States · United States Congress · 10 May 1973
Provides that for an affiliated group of corporations filing a consolidated return there is excluded from consolidated personal holding company income dividends received by a member of the affiliated group from a life insurance company that is not a member of the affiliated group.
Resolution· HCONRESH.Con.Res. 215 (93rd)referred
United States · United States Congress · 10 May 1973
Makes it the sense of the Congress that the President should: (1) continue in operation the Office of Economic Opportunity administering and supervising the important programs and activities entrusted to that Office under the provisions of the Economic Opportunity Act of 1964, utilizing fully funds appropriated by the Congress for such purposes; and (2) submit a revised budget request for the fiscal year ending June 30, 1974, requesting appropriations for the Office of Economic Opportunity and its administration of programs and activities entrusted to it under and in accordance with the provisions of the Economic Opportunity Act of 1964.
Resolution· HCONRESH.Con.Res. 216 (93rd)referred
United States · United States Congress · 10 May 1973
Makes it the sense of Congress that: (1) equally rigorous economics shall be applied by congressional review to military, foreign assistance, space programs, and unwarranted tax preferences; and (2) Congress shall set as a target for action by the relevant committees with respect to the proposed Federal budget for fiscal 1974: (a) the realization of savings of $5,000,000,000 to $7,000,000,000 by paring unneeded weapons development, by reducing excessive forces in the military, and by economizing in foreign assistance and space programs, and (b) the elimination of unwarranted tax preferences in the Internal Revenue Code, to produce additional revenues of $5,000,000,000 to $7,000,000,000. Declares that these budgetary resources shall be redirected to promote full employment, quality education and health care for citizens, environmental protection, safe and improved living conditions in urban and rural areas, and equal opportunities for all Americans.
Bill· SS. 1764 (93rd)referred
United States · United States Congress · 9 May 1973
Provides that the amount of the investment tax credit rate under the Internal Revenue Code shall be 7 percent except that the percentage may be reduced to not less than 1 percent or increased to not more than 15 percent by the President, subject to disapproval by either House of Congress, in accordance with the provisions of this Act. Sets forth the rule making and approval procedure to be followed in either House of Congress.
Law· HRH.R. 7670 (93rd)open
United States · United States Congress · 9 May 1973
Authorizes the following fiscal year 1974 appropriations for maritime programs of the Departments of Commerce: (1) $275,000,000 for acquisition, construction, or reconstruction of vessels; (2) $221,515,000 for payment of obligations incurred for ship operation subsidies; (3) $20,000,000 for research and development; (4) $3,773,000 for reserve fleet expenses; (5) $8,600,000 for maritime training at the Merchant Marine Academy; and (6) $2,427,000 for financial assistance to State marine schools. Authorizes additional supplemental amounts for employee benefits such as increases in salary and retirement pay. Authorizes, under the Merchant Marine Act, $5,000,000 for the insurance of mortgages by the Secretary of Commerce.
Bill· HRH.R. 7664 (93rd)referred
United States · United States Congress · 9 May 1973
Provides that under the Internal Revenue Code of 1954 amounts paid to related individuals shall be allowable as a deduction under the provision permitting a deduction for dependent care services necessary for gainful employment. (Amends 26 U.S.C. sec. 214 (e) (4))
Bill· HRH.R. 7628 (93rd)referred
United States · United States Congress · 9 May 1973
Provides, under the Internal Revenue Code for the paying of interest to individual taxpayers who file returns before March 1 if the refund check is not mailed out within 30 days after the returned is filed. Requires the Internal Revenue Service to give specified information when making refunds. (Amends 26 U.S.C. 6611)
Law· SS. 1747 (93rd)open
United States · United States Congress · 8 May 1973
Permits the Secretary of Commerce under the International Travel Act to set and collect fees or charges for admissions, concessions, services, and space at any travel exposition, fair, or exhibit in such an amount as to defray, in whole or in part, the costs directly related to the establishment, operation, maintenance, and dismantlement of such exhibition, fair or exhibit and any such fee or charge may be credited to the appropriation from which such costs were obligated. Permits the Secretary to charge for any promotional publication and materials relating to travel and tourism. Authorizes to be appropriated such sums as may be necessary for the purpose of carrying out the provisions of this Act.
Bill· HRH.R. 7581 (93rd)referred
United States · United States Congress · 7 May 1973
Provides that no State, or political subdivision thereof, or the District of Columbia, shall have the power to impose, for any taxable year ending after the date of enactment of this Act, any tax on the income of an individual who is not a resident of such State or the District of Columbia.
Bill· HRH.R. 7571 (93rd)referred
United States · United States Congress · 7 May 1973
Revenue Source Sharing Act - Repeals subtitle E of the Internal Revenue Code which imposes Federal excise taxes on distilled spirits, wines, beer, tobacco products, and specified firearms. (Repeals 26 U.S.C. 500-5872) Directs the Secretary of the Treasury, not later than 90 days after enactment, to submit to the House Ways and Means Committee a draft of the technical and conforming changes in the Internal Revenue Code to reflect the changes effected by this Act.
Bill· HRH.R. 7539 (93rd)referred
United States · United States Congress · 7 May 1973
Authorizes the transmission, without cost to the sender, of letter mail containing any Federal tax return, statement, or other information required of the sender under the provisions of the Internal Revenue Code of 1954. Provides appropriations to carry out the purposes of this Act. (Adds 39 U.S.C. 3406)
Bill· HRH.R. 7544 (93rd)referred
United States · United States Congress · 7 May 1973
Allows an income tax credit under the Internal Revenue Code for tuition paid by a taxpayer during the taxable year to any private nonprofit elementary or secondary school for the education as a full-time student of any dependent with respect to whom the taxpayer is allowed an income tax exemption under the Internal Revenue Code. Limits the tax credit to 50 percent of the tuition paid by the taxpayer or $200, whichever is less. Provides that any payment which is taken into account in determining the tax credit shall not be treated as an amount paid by the taxpayer for purposes of determining entitlement to a tax deduction. Allows any U.S. taxpayer to commence a proceeding in the U.S. District Court for the District of Columbia, within the three month period beginning on the date of enactment of this Act, to determine whether the provisions of this Act are valid legislation under the U.S. Constitution. (Amends 26 U.S.C. 42)
Bill· HRH.R. 7525 (93rd)referred
United States · United States Congress · 3 May 1973
Allows an individual a tax credit under the Internal Revenue Code for the expenses of higher education paid by him during the taxable year to one or more institutions of higher education in providing an education above the twelfth grade for himself or for any other individual. Provides that such credit shall be limited to an amount equal to the sum of: 75 percent of so much of such expenses as does not exceed $200, 50 percent of so much of such expenses as exceeds $200 but does not exceed $500, and 25 percent of so much of such expenses as exceeds $500 but does not exceed $1,500. Reduces the amount declared as educational expenses by the amount of any scholarships and/or veterans' benefits.
Bill· HRH.R. 7521 (93rd)referred
United States · United States Congress · 3 May 1973
Allows a tax deduction under the Internal Revenue Code for all medical expenses (including medicine and drugs) paid during the taxable year, and not compensated for by insurance or otherwise, for the care of any dependent who is the mother or father of the taxpayer or of his spouse, and has attained the age of 65 before the close of the taxable year. Allows a tax deduction for all medical expenses (including medicine and drugs) of the taxpayer and his spouse, if either has attained the age of 65 before the close of the taxable year. States that the amendments made by this Act shall apply with respect to taxable years beginning after December 31, 1973.
Bill· HRH.R. 7526 (93rd)referred
United States · United States Congress · 3 May 1973
Allows an income tax deduction, not to exceed $600 per taxable year, under the Internal Revenue Code for contributions to the support of an aged parent or divorced mother who is not gainfully employed and has attained age 65. (Amends 26 U.S.C. 218)
Bill· HRH.R. 7522 (93rd)referred
United States · United States Congress · 3 May 1973
Extends the head of household benefits under the Internal Revenue Code of 1954 to unremarried widows and widowers, and individuals who have attained age 35 and who have never been married or who have been separated or divorced for 1 year or more, who maintain their own households.
Bill· HRH.R. 7531 (93rd)referred
United States · United States Congress · 3 May 1973
Imposes, under the Internal Revenue Code of 1954, a tax on every new automobile manufactured, produced or imported, or imported based upon its fuel consumption rate. Requires the public disclosure of the fuel consumption rate of every new automobile. (adds 26 U.S.C. 4064).
Bill· HRH.R. 7527 (93rd)referred
United States · United States Congress · 3 May 1973
Permits teachers to deduct from gross income under the Internal Revenue Code all ordinary and necessary expenses of advanced education, including travel expenses. Requires certification by a school official that the taxpayer was or is a teacher and that the advanced education was necessary to maintain or improve the teacher's skills or was a necessary job requirement. (Amends 26 U.S.C. 162)
Bill· HRH.R. 7450 (93rd)referred
United States · United States Congress · 3 May 1973
Provides under the Internal Revenue Code of 1954, that the personal exemption allowed a taxpayer for a dependent shall be available without regard to the dependent's income in the case of a dependent who is over 65. (Adds 151 (e) (1) (C)).
Bill· HRH.R. 7471 (93rd)referred
United States · United States Congress · 3 May 1973
Allows an income tax credit under the Internal Revenue Code for tuition paid by a taxpayer during the taxable year to any private nonprofit elementary or secondary school for the education as a full-time student of any dependent with respect to whom the taxpayer is allowed an income tax exemption under the Internal Revenue Code. Limits the tax credit to 50 percent of the tuition paid by the taxpayer or $200, whichever is less. Provides that any payment which is taken into account in determining the tax credit shall not be treated as an amount paid by the taxpayer for purposes of determining entitlement to a tax deduction. Allows any U.S. taxpayer to commence a proceeding in the U.S. District Court for the District of Columbia, within the three month period beginning on the date of enactment of this Act, to determine whether the provisions of this Act are valid legislation under the U.S. Constitution. (Amends 26 U.S.C. 42)
Bill· HRH.R. 7451 (93rd)referred
United States · United States Congress · 3 May 1973
Allows a tax deduction under the Internal Revenue Code for all medical expenses (including medicine and drugs) paid during the taxable year, and not compenstated for by insurance or otherwise, for the care of any dependent who is the mother or father of the taxpayer or of his spouse, and has attained the age of 65 before the close of the taxable year. Allows a tax deduction for all medical expenses (including medicine and drugs) of the taxpayer and his spouse, if either has attained the age of 65 before the close of the taxable year. States that the amendments made by this Act shall apply with respect to taxable years ending after the date of enactment of this Act.
Bill· HRH.R. 7423 (93rd)passed
United States · United States Congress · 2 May 1973
Increases the authorization for fiscal year 1974 for the Committee for Purchase of Products and Services of the Blind and Other Severely Handicapped.
Bill· HRH.R. 7431 (93rd)referred
United States · United States Congress · 2 May 1973
Provides that, notwithstanding any other provision of law or any other regulation, no State shall receive a lesser allocation of water pollution control funds in fiscal year 1973 or fiscal year 1974 than it received in fiscal year 1972.
Bill· HRH.R. 7419 (93rd)referred
United States · United States Congress · 2 May 1973
Provides that the place of residence of a State legislator within his State legislative district shall be considered his home for purposes of the Internal Revenue Code, but amounts expended for living expenses shall not be deductible for income tax purposes in excess of $3,000. (Amends 26 U.S.C. 162(a)
Bill· HRH.R. 7428 (93rd)referred
United States · United States Congress · 2 May 1973
Allows a tax deduction under the Internal Revenue Code to an individual for a taxable year in an amount equal to the expenses paid or accrued by the taxpayer during the taxable year for the education of the taxpayer and his dependents enrolled at an institution of higher or vocational education. Outlines the limitations and special rules for a reduction of the allowable deduction, for adjustments for scholarships, and for veterans' benefits. Sets forth those definitions applicable under the Act.
Bill· HRH.R. 7408 (93rd)referred
United States · United States Congress · 2 May 1973
Allows a tax deduction under the Internal Revenue Code for specified percentages of the amounts paid during the taxable year by the taxpayer to purchase recycled solid waste materials for manufacture by the taxpayer into useful raw materials or salable products. Directs the Administrator of the Environmental Protection Agency, by regulation and after a hearing, to disallow such deduction with respect to any solid waste material if the Administrator finds that such deduction is not required to alleviate the depletion of any virgin natural resource. Allows every taxpayer, at his election in lieu of any depreciation deduction, to deduct the amortized basis of any solid waste recycling facility based on a period of 60 months. Provides that the taxpayer may, at any time after making such election, discontinue the amortization deduction with respect to the remainder of the amortization. (Adds 26 U.S.C. 189, 190)
Resolution· HRESH.Res. 370 (93rd)passed
United States · United States Congress · 1 May 1973
Provides that upon the adoption of this resolution it shall be in order to move that the House resolve itself into the Committee of the Whole House on the State of the Union for the consideration of the bill (H.R. 6388) to amend the Airport and Airway Development Act of 1970 to increase the United States share of allowable project costs under such Act; to amend the Federal Aviation Act of 1958 to prohibit certain State taxation of persons in air commerce; and for other purposes. States that after general debate, which shall be confined to the bill and shall continue not to exceed one hour, to be equally divided and controlled by the chairman and ranking minority member of the Committee on Interstate and Foreign Commerce, the bill shall be read for amendment under the five- minute rule. Stipulates that, at the conclusion of the consideration of the bill for amendment, the Committee shall rise and support the bill to the House with such amendments as may have been adopted, and the previous question shall be considered as ordered on the bill and amendments thereto to final passage without intervening motion except one motion to recommit. States that, after passage of H.R. 6388, the Committee on Interstate and Foreign Commerce shall be discharged from the futher consideration of the bill S. 38, and it shall then be in order the House to move to strike out all after the enacting clause of the said Senate bill and insert in lieu thereof the provisions contained in H.R. 6388 as passed by the House.
Bill· SS. 1657 (93rd)referred
United States · United States Congress · 30 April 1973
Authorizes appropriations under the Food Stamp Act of 1964 for fiscal years 1974-77.
Bill· HRH.R. 7350 (93rd)referred
United States · United States Congress · 30 April 1973
Allows a tax credit under the Internal Revenue Code against the Federal income tax for State and local real property taxes or an equivalent portion of rent paid on their residences by individuals who have attained the age of 65. Provides that where an indivudal has attained the age of 65, there shall be allowed as a credit the amount of real property taxes paid which were imposed by a State or political subdivision on property owned and used by him as a principal residence or rent constituting such taxes as defined by the Internal Revenue Code. Allows payment by the U.S. Treasury to taxpayers to the extent of the difference between the credit and amount of such real property taxes where the tax imposed is less than real property taxes. Provides that the total credit payment for any taxable year shall not exceed $300 (or $150 in case of a single return). Reduces the amount of the credit allowed by the amount that the taxpayer's income exceeds $6,500 (or $3250 in the case of a married person filing a separate return). Directs that the credit be applied collectively in cases of joint ownership. Provides that where the joint return of the husband or wife is filed, the age requirement is met if either person is 65 or older. Apportions the credit allowed to cover only that part of a residence actually used by the taxpayer or that part of a farm not in excess of forty acres. Provides that an individual who is a tenant-stockholder in a cooperative housing corporation shall be treated as owning the house or apartment which he occupies and such person shall be treated as having paid real property taxes equal to the deduction allowable in direct proportion to taxes actually paid on a particular residence where during the taxable year there has been a change in residence. Provides that the term 'rent constituting property taxes" means an amount equal to 25 percent of the rent paid during a taxable year by the taxpayer for the right to occupy his dwelling (exclusive of charges for utilities, services, and furnishings). Reduces the amount of real property taxes paid by an individual by the amount of any refund given on such taxes. Provides that there shall be no assessment of interest charges where there has been an underpayment of taxes by an individual if the amount due is paid within sixty days after the taxpayer receives a refund of real property taxes which caused the underpayment. Specifies that deductions for State and local real property taxes shall not be affected by the credit allowed.
Bill· HRH.R. 7334 (93rd)referred
United States · United States Congress · 30 April 1973
Disregards children's benefits received by an individual under the Social Security Act in determining whether that individual is a dependent of a taxpayer for purposes of the Internal Revenue Code. (Adds 26 U.S.C. 152(f))
Bill· HRH.R. 7351 (93rd)referred
United States · United States Congress · 30 April 1973
Provides, under the Internal Revenue Code, that no person, other than an attorney, certified public accountant, licensed public accountant or enrolled agent may prepare, or provide services in connection with the preparation of, any tax return for compensation unless such person is licensed. Sets forth the procedures for issuance of such licenses. Permits revokation of any license if the licensee: (1) has misrepresented his qualifications for such license; (2) has misrepresented to any person the nature of the service he is qualified to provide; or (3) has intentionally misrepresented any item of information on any return. Provides penalties for (1) failure of a preparer of income tax returns to sign the return; (2) for failure of the preparer to obtain a license; and (3) for understatements of tax by the tax return preparer. (Adds 26 U.S.C. 7002, 7407, 7217-18, 6050A, 6689)
Bill· HRH.R. 7325 (93rd)referred
United States · United States Congress · 30 April 1973
Provides, under the Internal Revenue Code, that gross income does not include any amounts received by an individual in the taxable year as a pension, annuity, or other benefit under a public retirement system, or any amounts received by an individual who is age 65 or over as a pension, annuity, or other retirement benefit under any other retirement plan, program, or system, to the extent that the aggregate of such amounts does not exceed $5,000.
Bill· HRH.R. 7326 (93rd)referred
United States · United States Congress · 30 April 1973
Allows a tax credit under the Internal Revenue Code to an individual for tuition paid by him to any private nonprofit elementary or secondary school during the taxable year for the elementary or secondary education of any dependent. Provides that the amount allowable for the taxable year with respect to any dependent shall not exceed the lesser of: (1) 50 percent of the tuition paid by the taxpayer during the taxable year for the elementary or secondary education of such dependent, or (2) $400. Reduces the aggregate amount which would be allowable by an amount equal to $1 for each full $20 contained in the amount by which the adjusted gross income of the taxpayer (or, if the taxpayer is married, the adjusted gross income of the taxpayer and his spouse) for the taxable year exceeds $25,000.
Bill· HRH.R. 7335 (93rd)referred
United States · United States Congress · 30 April 1973
Fiscal Responsibility Act - States that it is the purpose of this Act to provide for more certainty and expedience in the Federal budgetary process by establishing a procedure by which a total limit on Federal expenditures may be set for each fiscal year, by effecting certain reforms in the approporiations process, and by limiting Presidential impoundment authority. Establishes a permanent Joint Committee on the Budget to prepare and transmit to Congress a Congressional budget for the ensuing fiscal year based upon the annual report transmitted to the joint committee by the Comptroller General and to report to the Congress a bill setting forth a total limit on the amount of expenditures and expenditure authority which may be established for made by the Federal Government. Requires that if this bill is not passed by March 1 of each year, Congress shall remain in session until the bill is passed. Provides that neither House of Congress shall adjourn or recess after June 30 of each year until all general appropriation bills and resolutions for the operation of each Federal Government and the Government of the District of Columbia are enacted for the ensuing fiscal year. Authorizes the President to impound funds only in those fiscal years in which Congress has enacted a bill on joint resolution appropriating a sum, the expenditure of which would cause the total amount of Federal expenditures to exceed the limit established for such fiscal year. Requires that the President state in a message to Congress his reasons and priorities for impoundment when impoundments exceed 10 percent of the total budget of any program for which Congress appropriated funds. Provides for the appointment of the Director and Deputy Director of the Office of Management and Budget by the President, with the advice and consent of the Senate.
Bill· HRH.R. 7285 (93rd)referred
United States · United States Congress · 30 April 1973
Redefines the excise tax imposed under the Internal Revenue Code of 1954 on specified investment income of private foundations from "excise tax" to "service charge". Reduces such tax in amount from 14 percent to 1 1/2 percent. (Amends 26 U.S.C. 4940)
Bill· HRH.R. 7303 (93rd)referred
United States · United States Congress · 30 April 1973
Makes appropriations for the Office of Economic Opportunity for the fiscal year ending June 10, 1974, of $500,000,000 for carrying out work and training and $500,000,000 for purpose of carrying out the Headstart Program.
Bill· HRH.R. 7286 (93rd)referred
United States · United States Congress · 30 April 1973
Higher Education Gift Incentive Act - Allows under the Internal Revenue Code an income tax credit equal to 50 percent of the amounts of charitable contributions made to any institution of higher learning. Limits such credit for a taxpayer to the lesser of 20 percent of the taxpayers total tax or $200 ($400 in the case of married couple filing jointly). Bars treatment of a contribution as a tax deduction and a tax credit and specifies that the credit is not to result in a tax refund.
Bill· HRH.R. 7287 (93rd)referred
United States · United States Congress · 30 April 1973
Provides that in the case of a charitable contribution of inventory, by a corporation or by an association taxable as a corporation, to an organization operated exclusively for religious, charitable, scientific, testing for public safety, literary, or educational purposes, and exempt from taxation, the income tax deduction under the Internal Revenue Code for such contribution shall be reduced by only half the reduction required as the amount of gain which would not have been long-term capital gain if the property contributed had been sold by the taxpayer at its fair market value. (Amends 26 U.S.C. 170(e))
Bill· HRH.R. 7257 (93rd)referred
United States · United States Congress · 19 April 1973
Provides an exception for income tax withholding purposes for any renumeration paid to or on behalf of an employee or his beneficiary under or to an annuity plan, which at the time of such payment is a plan purchased by tax-exempt organizations or funds organized for religious, charitable, scientific, literary, or educational purposes, or by public schools. (Adds 26 U.S.C. 3401(a)(12))
Bill· HRH.R. 7258 (93rd)referred
United States · United States Congress · 19 April 1973
Allows a credit, under the Internal Revenue Code of 1954, against the individual income tax for tuition paid for the elementary or secondary education of dependents. Limits such tax credit to 50 percent of education expenses or $400, whichever is less. Provides for a reduction of this tax credit in an amount equal to $1 for every $20 by which the taxpayer's adjusted gross income exceeds $25,000. Defines tuition expenses allowable and educational institutions eligible under this Act. (Amends 26 U.S.C. 42)
Bill· HRH.R. 7267 (93rd)referred
United States · United States Congress · 19 April 1973
Exempts the taxpayer's principal residence from levy for collection of taxes under the Internal Revenue Code and removes the limitation on the amount of specified books and tools exempt from such levy. (Adds 26 U.S.C. 6334(a)(9))
Bill· HRH.R. 7214 (93rd)referred
United States · United States Congress · 19 April 1973
Excludes from the gross income of a taxpayer any amounts paid by his employer to cover moving expenses which would be deductible by the taxpayer under the Internal Revenue Code provided the taxpayer accounts to his employer with supporting documentation showing the items for which the taxpayer received reimbursement or other expense allowance were actually incurred. Reduces to 10 miles the restrictions on eligibility for moving deductions and provides for the repeal of the dollar limitations on the amount of deduction permitted for moving expenses. Disallows deductions of moving expenses with respect to reimbursements not included in gross income.
Bill· HRH.R. 7264 (93rd)referred
United States · United States Congress · 19 April 1973
Provides that the government of a township which has no unit of local government (other than itself) located within it shall be treated neither as a county government nor a township government for purposes of the State and Local Fiscal Assistance Act of 1972. (Amends 31 U.S.C. 1227)
Bill· HRH.R. 7216 (93rd)referred
United States · United States Congress · 19 April 1973
Provides, under the Internal Revenue Code, that in the case of an individual there shall be allowed as a deduction any amount, up to $150, paid during the taxable year as premiums on a motor vehicle insurance policy which insures a motor vehicle owned by the taxpayer. (Adds 26 U.S.C. 218)
Bill· SS. 1642 (93rd)referred
United States · United States Congress · 18 April 1973
Establishes a Commission on the Reform of the Federal Income Tax Laws for the purpose of determining the best means to reform such laws. Outlines the membership of the Commission and authorizes it to appoint an Executive Director, a Deputy Director, and a General Counsel. Specifies the duties of the Commission including the procurement of services of experts, the gathering of information necessary to carry on its study and the submittal of an interim report not later than 6 months after the date of enactment of this Act. Authorizes necessary appropriations to carry out the provisions of this Act.
Bill· SS. 1627 (93rd)referred
United States · United States Congress · 18 April 1973
Provides that the Federal government will withhold sums from its employees' compensation whenever a city provides for tax collection by withholding the tax on employees. Forbids Federal agencies from accepting compensation from the State or city for services of withholding tax. Defines "city" to mean only a city which is incorporated under State law, and which had a population of at least sixty thousand according to the last decennial census.
Bill· HRH.R. 7185 (93rd)referred
United States · United States Congress · 18 April 1973
Allows, under the Internal Revenue Code of 1954, a credit against the individual income tax for expenses paid by the taxpayer for the higher education of any individual, including the taxpayer. Excludes scholarships and fellowship grants, and educational assistance benefits paid by the Veterans' Administration, from such expenses paid for education purposes under this Act. Limits the eligibility for tax credit. Provides that the credit allowed to the taxpayer during the taxable year shall not exceed an amount equal to the sum of: (1) 100 percent of so much of the education expenses as does not exceed $200; (2) 75 percent of so much of such expenses as exceeds $200 but does not exceed $500; and (3) 25 percent of so much of such expenses as exceeds $500 but does not exceed $1,500. Reduces the credit allowable under this Act by an amount equal to 1 percent of the amount by which the taxpayer's adjusted gross income under the code exceeds $19,000.
Bill· HRH.R. 7177 (93rd)referred
United States · United States Congress · 18 April 1973
Allows an income tax deduction under the Internal Revenue Code for losses exceeding $00 from shoreline erosion.
Bill· HRH.R. 7186 (93rd)referred
United States · United States Congress · 18 April 1973
Allows, under the Internal Revenue Code of 1954, a credit against the individual income tax for expenses paid by the taxpayer for the higher education of any individual, including the taxpayer. Excludes scholarships and fellowship grants, and educational assistance benefits paid by the Veterans' Administration, from such expenses paid for education purposes under this Act. Limits the eligibility for tax credit. Provides that the credit allowed to the taxpayer during the taxable year shall not exceed an amount equal to the sum of: (1) 100 percent of so much of the education expenses as does not exceed $200; (2) 75 percent of so much of such expenses as exceeds $200 but does not exceed $500; and (3) 25 percent of so much of such expenses as exceeds $500 but does not exceed $1,500. Reduces the credit allowable under this Act by an amount equal to 1 percent of the amount by which the taxpayer's adjusted gross income under the code exceeds $19,000.