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301 records in US in 1977
United States · United States Congress · 2 August 1977
Amends the Internal Revenue Code to exclude from gross income the first $5,000 received from civil service and Foreign Service retirement annuities.
United States · United States Congress · 1 August 1977
Bus Excise Tax Repeal Act - Repeals the excise taxes on certain bus parts and accessories, and on tires, tubes and tread rubber used in connection with intercity, local and school buses. Provides for the refund of excise taxes paid on lubricating oil, gasoline and other motor fuels when used in such buses.
United States · United States Congress · 1 August 1977
Overturns the Internal Revenue Service's Revenue Ruling 76-453 which holds that: (1) transportation expenses between an individual's residence and temporary place of work are not deductible; and (2) reimbursement for such expenses by employers is includible in gross income.
United States · United States Congress · 1 August 1977
Amends the Internal Revenue Code to provide tax exempt bond financing for production facilities for small public electric utilities.
United States · United States Congress · 1 August 1977
Amends the Internal Revenue Code to repeal the withholding tax requirements with respect to gambling winnings.
United States · United States Congress · 1 August 1977
Amends the Internal Revenue Code to exempt from taxation the interest on industrial development bonds issued for financing non-profit facilities for the production of electricity, if such facilities do not use petroleum or natural gas for a fuel.
United States · United States Congress · 29 July 1977
Amends the Internal Revenue Code to allow to a taxpayer holding an economic interest in a geothermal energy property a tax deduction amounting to 22 percent of the gross income from such property, excluding from such gross income an amount equal to any rents or royalties paid or incurred by the taxpayer in respect to such property. Requires that regulations issued by the Secretary of the Treasury also grant the option to deduct as expenses intangible drilling and development costs in the case of wells drilled for geothermal steam and associated geothermal resources.
United States · United States Congress · 28 July 1977
Amends the Internal Revenue Code to exclude from the minimum tax any gain realized from the sale of: (1) substantially all of the assets of a farm or business owned, and used in operation of such business, by a taxpayer other than a corporation, for five consecutive years prior to such sale; or (2) all the stock of a corporation owned directly or indirectly by the taxpayer, if such taxpayer owns, directly or indirectly, at least 50 percent of the total fair market value of all the stock of such corporation, if such sale of assets or stock is pursuant to a binding contract entered into before October 4, 1976.
United States · United States Congress · 28 July 1977
Amends the Internal Revenue Code to reduce the proportion of an estate which must constitute stock in a corporation in order to qualify redemptions of such stock to pay death taxes and expenses for capital gains treatment.
United States · United States Congress · 28 July 1977
Amends the Internal Revenue Code to declare the Sabine River Authority of Texas a political subdivision of Texas and to exclude interest on the obligations issued by such Authority from the tax treatment accorded industrial development bonds.
United States · United States Congress · 28 July 1977
Amends the Internal Revenue Code to provide an additional income tax exemption for each taxpayer, spouse, or dependent who has a serious mental or physical disability which can be expected to result in death or be of long-continued or indefinite duration, or who had a physical or mental disability which caused his death during the taxable year. Makes such provision applicable only for individuals who do not qualify for an exemption for blindness.
United States · United States Congress · 28 July 1977
Amends the Internal Revenue Code to provide that certain civil and criminal penalties applicable to the unauthorized disclosure of any tax return or return information may be imposed only if such unauthorized disclosure is willful.
United States · United States Congress · 28 July 1977
Amends the Internal Revenue Code to provide a deduction for State and local taxes imposed on the furnishing or sale of electrical energy, water, sewage disposal services, gas, or telephone services.
United States · United States Congress · 28 July 1977
Tax Averaging Equity Act - Amends the Internal Revenue Code to exempt certain individuals utilizing income averaging from the minimum income attribution rules for former spouses.
United States · United States Congress · 27 July 1977
Amends the Internal Revenue Code to provide that the United States Tax Court may issue a reviewable declaratory judgment as to whether a precedential revenue ruling issued by the Secretary of the Treasury, which modifies a revenue ruling issued at least five years earlier, is consistent with the internal revenue laws to which such ruling relates.
United States · United States Congress · 27 July 1977
Amends Title XX (Grants to States for Services) of the Social Security Act to provide for the reallotment on a pro rata basis of unused Federal funds for social services in any fiscal year to States which had previously suffered a reduction in their appropriations because such appropriations had exceeded the States' needs for that year.
United States · United States Congress · 27 July 1977
Amends the Tax Reform Act to provide an unlimited exclusion from gross income of disability payments received by persons who retired on or before October 1, 1976, and either retired on disability, or were entitled to retire on disability.
United States · United States Congress · 27 July 1977
Amends the Internal Revenue Code to deny any credit to any taxpayer for any amount of any oil and gas extraction taxes paid or accrued to any foreign country.
United States · United States Congress · 26 July 1977
Amends the Internal Revenue Code to extend the income tax exclusion for political organizations' fund raising events to proceeds from gambling activities where the wagers are placed, the winners determined, and the prices distributed in the presence of all the players.
United States · United States Congress · 26 July 1977
Amends the Internal Revenue Code to remove the requirement that household and dependent care services rendered by relatives qualify as employment for purposes of the Federal Insurance Contributions Act in order for their wages to be considered expenses for purposes of the income tax credit for expenses paid for such services.
United States · United States Congress · 25 July 1977
Amends the Internal Revenue Code to treat as a scholarship and to exclude from gross income any amounts received by an individual under the Armed Forces health professions scholarship program or the National Health Service Corps scholarship program.
United States · United States Congress · 25 July 1977
Amends the Internal Revenue Code to provide a $5,000 tax exclusion from gross income for any amount received as an annuity, pension, or other retirement benefit.
United States · United States Congress · 25 July 1977
Public Transportation Tax Incentive Act -- Amends the Internal Revenue Code to allow individuals an income tax deduction for their commuting expenses on public transportation systems.
United States · United States Congress · 25 July 1977
Amends the Internal Revenue Code to exclude from gross income distributions from pension funds where the distribution is made because the beneficiary is separated from service before the age of 50 or the earliest retirement age in the plan, provided that: (1) the distributions are made in mandatory and substantially equal installments during a period more than one year and less than ten taxable years long; and (2) the employee transfers all the distribution to another qualified pension plan.
United States · United States Congress · 22 July 1977
Amends Internal Revenue Code provisions relating to social security coverage of employees of tax exempt nonprofit organizations which have treated their employees as having such coverage when they have not been covered. Extends to December 31, 1977, the deadline for organizations which have received credit or refunds for social security taxes paid to file certificates providing such coverage. Forgives any retroactive liability of organizations which have not received refunds or credits for unpaid social security coverage for October 1976, through June 1977, absent a contrary election by individual employees. Provides for the payment of retroactive liabilities in installments rather than lump sums, under regulations promulgated by the Secretary of the Treasury.
United States · United States Congress · 22 July 1977
Limits the application of the Tax Reform Act provisions pertaining to basis limitations for athlete contracts transferred in connection with franchise sales to mergers for which proposed proxy statements were filed with the Securities and Exchange Commission before September 21, 1976.
United States · United States Congress · 21 July 1977
Amends the Internal Revenue Code to qualify associations which are operated to provide workmen's compensation for State and local government employees as tax exempt organizations.
United States · United States Congress · 21 July 1977
Investment Tax Credit Act - Amends the Internal Revenue Code to allow an additional investment tax credit for machinery and equipment placed in service in existing manufacturing plants or in nearby areas.
United States · United States Congress · 21 July 1977
Inland Navigation Improvement and Waterway User Act - Amends the Internal Revenue Code of 1954 to impose a tax on certain liquid fuels sold for use of vessels in commercial water transportation or used by such vessels without a previously taxed sale. Imposes forfeiture penalties for failure to pay such charges. Prohibits the violator from using any lock on inland waterways. Amends the Federal-Aid Highway Act of 1976 to direct the National Transportation Policy Study Commission to study the effects of user fees on different modes of domestic freight transportation. Authorizes the Secretary of the Army, acting through the Chief of Engineers, to replace locks and dam 26 on the Mississippi River, Alton, Illinois and Missouri, and to construct a new dam two miles downstream from dam 26. Authorizes the Secretary to undertake steps to provide for wildlife protection and recreational activities in conjunction with such project. Withdraws all authority for the Secretary of the Army to construct or study the feasibility of construction or modification of channels in the Mississippi River north of its juncture with the Illinois River. Directs the Upper Mississippi River Basin Commission to prepare a master plan by 1981 for the management of the Upper Mississippi River. Requires public hearings on a preliminary plan prior to preparation of a final plan. Establishes criteria to be considered in preparing such master plan. Authorizes the appropriation of $20,000,000 to the Commission for such study.
United States · United States Congress · 20 July 1977
Interstate Taxation of Depositories Act - Title I: Jurisdiction to Tax - Allows States and political subdivisions to impose a doing-business tax on a depository bank which has a business location in the State or political subdivision during the taxable year. Title II: Maximum Percentage of Income, Receipts, or Capital Attributable to Taxing Jurisdiction - Sets forth an optional formula for apportioning such interstate tax, whereby a State may not impose, for any taxable year on a depository taxable in more than one State, a doing-business tax measured by an amount of net income, gross receipts, or capital in excess of the amount determined by multiplying the depository's base by an apportionment fraction; the numerator of which is the sum of the payroll factor and the receipts factor and the denominator of which is two. Provides that a depository may be taxed in more than one State if the requisite jurisdiction exists. Allows States to require combined reporting, including the combined base and apportionment factors of all corporations affiliated with such depository. Sets forth exceptions to this reporting requirement, including corporations incorporated outside of the United States. Defines the payroll and receipts factors which constitute the apportionment fraction. Excludes from net income and gross receipts; (1) dividends received from a corporation in which such depository owns at least 80 percent of the voting stock, or (2) all income which is considered income from sources outside the United States. Excludes from the capital of a depository investments in, and advancements to, affiliated corporations. Title III: Definitions and Miscellaneous Provisions - Defines the terms used in this Act. Prohibits discriminatory imposition of a doing-business tax on specified depositories.
United States · United States Congress · 19 July 1977
Amends the Hazardous Materials Transportation Act to authorize appropriations in such amounts as may be necessary to carry out the provisions of such Act for fiscal year 1979.
United States · United States Congress · 19 July 1977
Amends the Natural Gas Pipeline Safety Act of 1968 to authorize the appropriation of such sums as are necessary to carry out such Act for fiscal year 1979.
United States · United States Congress · 18 July 1977
Amends the Internal Revenue Code to allow certain large businesses with severe long term losses a five-year carryback and five-year carryover period for net operating losses.
United States · United States Congress · 18 July 1977
Department of Defense Supplemental Appropriation Authorization Act - Title I: Procurement - Authorizes supplemental appropriations for fiscal year 1978 for the procurement of aircraft and missiles by the Air Force. Title II: Research, Development, Test and Evaluation - Authorizes supplemental appropriations for fiscal year 1978 for research, development, test, and evaluation by the Air Force and the Defense agencies.
United States · United States Congress · 18 July 1977
Amends the Internal Revenue Code to provide a $5,000 tax exclusion from gross income for any amount received as an annuity, pension, or other retirement benefit.
United States · United States Congress · 18 July 1977
Amends the Internal Revenue Code to allow individuals an income tax credit for the electrical fuel surcharges imposed by public utilities.
United States · United States Congress · 18 July 1977
Amends the Internal Revenue Code to allow certain unemployed spouses of military personnel a $900 income tax deduction for payments into retirement savings.
United States · United States Congress · 18 July 1977
Amends the Internal Revenue Code to provide a $5,000 tax exclusion from gross income for any amount received as an annuity, pension, or other retirement benefit.
United States · United States Congress · 18 July 1977
Amends the Internal Revenue Code to allow up to a $200 income tax deduction for one half of the expenses incurred for the installation and purchase of a teletypewriter for use by individuals whose sight, hearing, or speech is impaired.
United States · United States Congress · 15 July 1977
Requires the withholding of city or county income taxes from the pay of Federal employees who are residents of or are employed in the city or county imposing such taxes.
United States · United States Congress · 15 July 1977
Amends the Internal Revenue Code to reduce the excise tax on private foundations' investment income.
United States · United States Congress · 15 July 1977
Amends the Internal Revenue Code to reduce the excise tax on private foundations' investment income.
United States · United States Congress · 14 July 1977
Makes a technical amendment to the provision of the Internal Revenue Code which exempts businesses operating nurseries from the requirement of computing income on an accrual method with the capitalization of preproductive period expenses applied to corporations engaged in farming.
United States · United States Congress · 14 July 1977
Amends the Internal Revenue Code to repeal the taxpayer's age requirement (65 years) and the dollar limitation on the adjusted sales price ($35,000) for the exclusion from gross income of gain realized on the sale of the taxpayer's principal residence.
United States · United States Congress · 14 July 1977
Public Transportation Tax Incentive Act -- Amends the Internal Revenue Code to allow individuals an income tax deduction for their commuting expenses on public transportation systems.
United States · United States Congress · 14 July 1977
Taxpayer's Attorney Fee Award Act - Authorizes the district court to award reasonable attorney's fees and costs to any prevailing taxpayer in any case in which tax liability to the United States is asserted.
United States · United States Congress · 13 July 1977
Amends the Internal Revenue Code to exclude from the gross income of an employee amounts contributed by an employer to or under any insurance plan which provides property and liability insurance coverage for his employees.
United States · United States Congress · 13 July 1977
Amends the Internal Revenue Code to provide for the credit or refund of highway use taxes on motor vehicles which are destroyed through casualty or theft while registered to the taxpayer.
United States · United States Congress · 13 July 1977
Amends the Internal Revenue Code to provide an additional $750 income tax exemption for disabled taxpayers and their spouses and dependents. Allows disabled taxpayers to deduct their personal care expenses where they are not receiving such services from their States under the Social Security grants.
United States · United States Congress · 13 July 1977
Amends the Internal Revenue Code to restrict or prohibit the disclosure of taxpayer return information in matters pertaining to prospective jurors; State tax enforcement; investigations of prospective Federal appointees; child support enforcement efforts; and Federal enforcement of nontax laws.