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301 records in US in 1974
United States · United States Congress · 29 July 1974
Excludes from gross income, under the Internal Revenue Code, the interest on deposits in qualified savings institutions and credit unions. Limits such tax exclusion to $400 for an individual during a calendar year.
United States · United States Congress · 25 July 1974
Authorizes an agreement to provide that the Secretary of Defense need not withhold tax on or report moving expense reimbursements to armed forces personnel. Permits such reimbursements to be exclusions for income tax purposes for recipients. Permits an income tax deduction for amounts in excess of such reimbursement.
United States · United States Congress · 25 July 1974
Authorizes an agreement to provide that the Secretary of Defense need not withhold tax on or report moving expense reimbursements to armed forces personnel. Permits such reimbursements to be exclusions for income tax purposes for recipients. Permits an income tax deduction for amounts in excess of such reimbursement.
United States · United States Congress · 25 July 1974
States that any amount received from appropriated funds as a scholarship, including the value of contributed services and accommodations, by a member of a uniformed service who is receiving training under the Armed Forces health professions scholarship program (or any other program determined by the Secretary of the Treasury or his delegate to have substantially similar objectives) from an educational institution (as defined in the Internal Revenue Code) shall be treated as a scholarship and excluded from gross income under the Internal Revenue Code.
United States · United States Congress · 25 July 1974
States that any amount received from appropriated funds as a scholarship, including the value of contributed services and accommodations, by a member of a uniformed service who is receiving training under the Armed Forces health professions scholarship program (or any other program determined by the Secretary of the Treasury or his delegate to have substantially similar objectives) from an educational institution (as defined in the Internal Revenue Code) shall be treated as a scholarship and excluded from gross income under the Internal Revenue Code.
United States · United States Congress · 25 July 1974
Provides, under provisions of the Internal Revenue Code relating to scholarship and fellowship grants, that no amount shall be included in gross income by reason of the discharge of the indebtedness of an individual under a student loan if such discharge was pursuant to a provision of the loan under which the indebtedness would be discharged if the individual worked for a certain period of time in certain professions or certain geographical areas or for certain classes of employers. Defines "student loan" for purposes of this Act.
United States · United States Congress · 24 July 1974
Fiscal Integrity Act - Expresses the findings of Congress, including that allowing the continuation of policies which lessen the fiscal integrity of the Government is detrimental to the general welfare of the people and ought, therefore, to be ended. Title I: Revenue and Budget Outlays Control - Establishes for each fiscal year a revenue and budget outlays limit for the Government. States that no appropriation shall be made for any fiscal year by the Congress in excess of the revenue and budget outlays limit for such fiscal year. Provides that if the revenue of the Government exceeds the limit established, the excess shall be used for the payment of the public debt of the Government. States that the revenue and budget outlays limit shall be derived by multiplying the estimated aggregate national income for such fiscal year by the Federal revenue factor. Defines "Federal revenue factor". Title II: Monetary Supply Control - Directs the Board of Governors of the Federal Reserve System to insure that any rate of increase in the amount of currency in circulation and demand deposits is not greater than 1 1/4 percent per quarter fiscal year. Title III: Fiscal Disclosure - States that a bill or joint resolution introduced in either House of Congress or received by it from the other House shall be printed only when there appears at the bottom of the first page a fiscal note. Requires such fiscal note to state the amounts estimated to be the direct and indirect costs likely to be incurred or the direct and indirect savings likely to be achieved in carrying out the provisions of such bill or joint resolution in the fiscal year in which it is introduced or received and in each of the five fiscal years following such fiscal year, or for the authorized duration of any program authorized by such bill or joint resolution if less than five years, except that in the case of measures affecting revenue, the fiscal note shall state only the estimate of change in revenues for a one-year period. States that a copy of each such bill or joint resolution shall be transmitted immediately to the instrumentality of Government which will carry out its provisions.
United States · United States Congress · 24 July 1974
Provides, under the Internal Revenue Code, an exemption from income taxation for cooperative housing corporations, condominium housing associations, and homeowners' associations, if membership in such organization is limited to owners or occupants therein. Imposes a tax on unrelated business income of such organizations.
United States · United States Congress · 24 July 1974
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. 14780) to authorize appropriations for fiscal year 1975 for carrying out the provisions of the Board for International Broadcasting Act of 1973. 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 Foreign Affairs, 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 report 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. Provides that after the passage of H.R. 14780, it shall be in order in the House to take from the Speaker's table the bill S. 3190 and 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. 14780 as passed by the House.
United States · United States Congress · 23 July 1974
Fuel Adjustment Relief Act - States that there shall be allowed as a tax credit against income tax an amount equal to 50 percent of the increased residential electricity expenses paid or incurred by the taxpayer during the taxable year. Prescribes a method for computing for the taxable year the increased residential electricity expenses. States that the credit authorized by this Act shall apply to calendar years 1974 through 1978.
United States · United States Congress · 23 July 1974
Extends, under the Public Health Service Act, through fiscal year 1975, the scholarship program for the National Health Service Corps and the loan program for health professions students.
United States · United States Congress · 23 July 1974
Terminates special tax treatment, under the Internal Revenue Code of 1954, for Domestic International Sales Corporations as of January 1, 1975.
United States · United States Congress · 23 July 1974
Directs the Clerk of the House of Representatives, the Sergeant at Arms of the House of Representatives, the Architect of the Capitol, and the Librarian of Congress (with respect to the employees of the United States Botanic Garden) to enter into agreements with Maryland, Virginia, and the District of Columbia, for the withholding of State or District of Columbia income tax in the case of each Member and employee who is subject to such income tax and who voluntarily agrees to such withholding. States that such agreement shall be subject to review by the Committee on House Administration of the House of Representatives.
United States · United States Congress · 23 July 1974
Provides, under the Internal Revenue Code, for increased surtax exemptions for small business. (Amends 26 U.S.C. 11(d))
United States · United States Congress · 22 July 1974
Provides, under the Internal Revenue Code, that the gross income of an employee shall not include amounts directly or indirectly received as payment or reimbursement for legal services under group legal service plans, the value of legal services rendered under such plans, or contributions by employers to such plans.
United States · United States Congress · 22 July 1974
Authorizes appropriations, under the Solid Waste Disposal Act, for fiscal years 1975 and 1976.
United States · United States Congress · 22 July 1974
Excludes, under the Internal Revenue Code of 1954, from gross income gains from the condemnation of certain forest lands held in trust for the Klamath Indian Tribe.
United States · United States Congress · 22 July 1974
Provides an exclusion from income taxation under the Internal Revenue Code for cooperative housing corporations, condominium housing associations, and qualified homeowners' associations.
United States · United States Congress · 22 July 1974
Provides, under the Internal Revenue Code of 1954 that penalties incurred on account of premature withdrawal of funds from time savings accounts shall be allowed as a deduction from gross income in computing adjusted gross income.
United States · United States Congress · 18 July 1974
Emergency Health Professions Educational Assistance Act - Authorizes appropriations for fiscal year 1975 for Federal capital contributions into the student loan funds of health professions education schools.
United States · United States Congress · 18 July 1974
Redefines, under the Internal Revenue Code, long and short-term capital gains and losses. States that, in the case of a taxpayer other than a corporation, the excess of the net long-term capital loss over the net short-term capital gain for a taxable year shall be allowed only to the extent of whichever of the following is the smaller: (1) the taxable income for the taxable year; or (2) $4,000. Provides that if a taxpayer other than a corporation has a net capital loss for any taxable year, and such loss is not otherwise carried back the amount by which the excess of the net short-term capital loss over the net long-term capital gain for such year exceeds taxable income computed without regard to such excess shall be a short-term capital loss in the succeeding taxable year, and the excess of the net long-term capital loss over the net short-term capital gain for such year shall be a long-term capital loss in the succeeding taxable year. States that if a taxpayer other than a corporation has a net capital loss for any taxable year at the election of the taxpayer such net capital loss shall be a capital loss carryback to each of the 3 taxable years preceding the loss year, but only to the extent the carryback of such loss does not increase or produce a net operating loss for that taxable year to which it is being carried back.
United States · United States Congress · 18 July 1974
Increases the corporate surtax exemption to $100,000 by December 31, 1979, under the Internal Revenue Code.
United States · United States Congress · 18 July 1974
Extends through fiscal year 1975, under the Public Health Service Act, the scholarship program for the National Health Service Corps and the loan program for health professions students.
United States · United States Congress · 17 July 1974
Provides for an increase, under the Internal Revenue Code, in the accumulated corporate earnings and profits credit.
United States · United States Congress · 16 July 1974
Allows, under the Internal Revenue Code, a deduction for gifts by employers to employees in recognition of length of service or achievement. Limits such deduction to $200.
United States · United States Congress · 16 July 1974
Provides for a Federal income tax credit for the cost of specified motor vehicle emission controls on 1975 model motor vehicles sold new in the State of California. Limits such credit to $300 per individual.
United States · United States Congress · 16 July 1974
Provides that, under the Internal Revenue Code of 1954, real property which is farmland, woodland, or open land and forms part of an estate may be valued, for estate tax purposes, at its value as farmland, woodland, or open land (rather than at its fair market value). Provides that real property which is listed on the National Register of Historic Places may be valued, for estate tax purposes, at its value for its existing use. Provides for the revocation of such lower valuation and recapture of unpaid tax with interest under specified circumstances.
United States · United States Congress · 16 July 1974
Decreases from 4 to 2 percent the excise tax on investment income of private foundations, under the Internal Revenue Code. (Amends 26 U.S.C. 4940(a))
United States · United States Congress · 15 July 1974
Increases, under the Internal Revenue Code, from $20,000 to $30,000, the exclusion from gross income of gain from the sale of a residence by an individual who is sixty-five years old or older.
United States · United States Congress · 15 July 1974
Requires, under the Congressional Budget Act of 1974, the Congressional Office of the Budget to prepare fiscal notes for bills and joint resolutions. States that such fiscal note shall contain an estimate of the costs which would be incurred, or the savings which would be realized in carrying out such bill, resolution, or amendment in the fiscal year in which it is to become effective and in the four fiscal years following such fiscal year.
United States · United States Congress · 11 July 1974
Excludes interest on industrial development bonds, issued to finance recycling facilities, from being considered as gross income for income tax purposes.
United States · United States Congress · 11 July 1974
Allows an income tax credit under the Internal Revenue Code for the amount of expenses paid for higher education in the taxable year for education above the twelfth grade paid for by the taxpayer for himself or any other individual. Provides that such credit shall be an amount equal to the sum of: (1) 100 percent of so much of such expenses as does not exceed $200; (2) 20 percent of so much of such expenses as exceeds $200 but does not exceed $500; and (3) 6 1/2 percent of so much of such expenses as exceeds $500 but does not exceed $1,500. Defines expenses of higher education as: (1) tuition and fees required for the enrollment or attendance of a student at a level above the twelfth grade at an institution of higher education; and (2) fees, books, supplies, and equipment required for courses of instruction above the twelfth grade at an institution of higher education. Provides that the amount of higher education expenses taken into consideration shall be reduced by any amounts received as a scholarship or fellowship grant or as veterans benefits.
United States · United States Congress · 11 July 1974
Allows the amortization, under the Internal Revenue Code, of expenditures for safety equipment over a 5-year period. Provides that such deduction shall be in lieu of any depreciation deduction otherwise allowable for such expenditures. Defines the applicable expenditures.
United States · United States Congress · 10 July 1974
Excludes from Federal taxation, under the Internal Revenue Code, the obligations of specified nonprofit corporations organized to finance student loans. Provides that incentive payments to lenders of those student loans shall not be regarded as yield from the student loans for the purpose of determining whether bonds issued by such nonprofit organizations are arbitrage bonds.
United States · United States Congress · 10 July 1974
Provides, under the Internal Revenue Code, for annual adjustments in the amount of personal exemptions and the amount of the standard deduction and the low-income allowance to reflect increases in the cost of living based on the percentage of annual increase in the consumer Price Index.
United States · United States Congress · 10 July 1974
Provides that, under the Internal Revenue Code of 1954, real property which is farmland, woodland, or open land and forms part of an estate may be valued, for estate tax purposes, at its value as farmland, woodland, or open land (rather than at its fair market value). Provides that real property which is listed on the National Register of Historic Places may be valued, for estate tax purposes, at its value for its existing use. Provides for the revocation of such lower valuation and recapture of unpaid tax with interest under specified circumstances.
United States · United States Congress · 10 July 1974
Provides that, under the Internal Revenue Code of 1954, real property which is farmland, woodland, or open land and forms part of an estate may be valued, for estate tax purposes, at its value as farmland, woodland, or open land (rather than at its fair market value). Provides that real property which is listed on the National Register of Historic Places may be valued, for estate tax purposes, at its value for its existing use. Provides for the revocation of such lower valuation and recapture of unpaid tax with interest under specified circumstances.
United States · United States Congress · 10 July 1974
Increases, under the Federal Boat Safety Act of 1971, the Federal Government's share of the costs of State boat safety programs to 50 percent during fiscal year 1975 and thereafter. Increases the authorization for appropriations for such programs from $7,500,000 to $10,000,000 for each succeeding fiscal year. (Amends 46 U.S.C. 1477(a), 1479)
United States · United States Congress · 10 July 1974
Increases the exemption under the Internal Revenue Code, for purposes of the Federal estate tax from $60,000 to $120,000. Provides that where there is a gross estate of less than $120,000, a return with respect to such estate need not be filed by the executor.
United States · United States Congress · 2 July 1974
Increases under the Internal Revenue Code the standard deduction from 15 percent to 20 percent, and increases the maximum allowable amount of such deduction from $2,000 to $2,500.
United States · United States Congress · 2 July 1974
Makes a supplemental appropriation for fiscal year 1974 of $25,000,000 for the expenses of the National Institute of Neurological Diseases and Stroke in carrying out title IV of the Public Health Service Act with respect to dystonia.
United States · United States Congress · 2 July 1974
Increases the corporate surtax exemption to $100,000 by December 31, 1979, under the Internal Revenue Code.
United States · United States Congress · 2 July 1974
Revises the provisions of the Internal Revenue Code relating to retirement income credit to provide that such credit shall be computed according to the maximum amount of the old-age insurance benefits payable under the Social Security Act.
United States · United States Congress · 2 July 1974
Provides, under provisions of the Internal Revenue Code relating to scholarship and fellowship grants, that no amount shall be included in gross income by reason of the discharge of the indebtedness of an individual under a student loan if such discharge was pursuant to a provision of the loan under which the indebtedness would be discharged if the individual worked for a certain period of time in certain professions or certain geographical areas or for certain classes of employers. Defines "student loan" for purposes of this Act.
United States · United States Congress · 2 July 1974
Provides, under provisions of the Internal Revenue Code relating to scholarship and fellowship grants, that no amount shall be included in gross income by reason of the discharge of the indebtedness of an individual under a student loan if such discharge was pursuant to a provision of the loan under which the indebtedness would be discharged if the individual worked for a certain period of time in certain professions or certain geographical areas or for certain classes of employers. Defines "student loan" for purposes of this Act.
United States · United States Congress · 2 July 1974
Provides, under provisions of the Internal Revenue Code relating to scholarship and fellowship grants, that no amount shall be included in gross income by reason of the discharge of the indebtedness of an individual under a student loan if such discharge was pursuant to a provision of the loan under which the indebtedness would be discharged if the individual worked for a certain period of time in certain professions or certain geographical areas or for certain classes of employers. Defines "student loan" for purposes of this Act.
United States · United States Congress · 28 June 1974
Religious and Charitable Donors' Tax Credit Act - Allows an income tax credit under the Internal Revenue Code equal to 50 percent (and up to $500) of the amount allowed as a charitable deduction. Disallows a claim of a tax deduction when such tax credit is claimed.
United States · United States Congress · 28 June 1974
Excludes from Federal taxation under the Internal Revenue Code the obligations of specified nonprofit corporations organized to finance student loans. Provides that incentive payments to lenders of those student loans shall not be regarded as yield from the student loans for the purpose of determining whether bonds issued by such nonprofit organizations are arbitrage bonds.
United States · United States Congress · 28 June 1974
Provides that, under the Internal Revenue Code of 1954, real property which is farmland, woodland, or open land and forms part of an estate may be valued, for estate tax purposes, at its value as farmland, woodland, or open land (rather than at its fair market value). Provides that real property which is listed on the National Register of Historic Places may be valued, for estate tax purposes, at its value for its existing use. Provides for the revocation of such lower valuation and recapture of unpaid tax with interest under specified circumstances.
United States · United States Congress · 27 June 1974
Allows a tax deduction, under the Internal Revenue Code, for expenses of purchasing and installing solar heating and cooling equipment in residences. Limits such tax deduction to $5,000, and allows such deduction to be taken over a 60 month period.