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Bill· HRH.R. 6613 (97th)referred
United States · United States Congress · 16 June 1982
Amends the Internal Revenue Code to provide for the collection of defaulted Federal student loans by offset against income tax refunds of those individuals found to be in default on such loans. Defines "Federal student loans" as federally insured loans to graduate students in the health professions. Sets forth special rules with respect to joint returns and fiscal year taxpayers. Requires the Secretary of the Treasury to: (1) notify the Secretary of Health and Human Services of the amounts collected with respect to any loan to any individual; and (2) transfer such amounts to the Secretary as is necessary to reimburse the entity or fund to which the loan is repayable. Requires that such notification and transfer be made not less often than monthly.
Bill· HRH.R. 6607 (97th)referred
United States · United States Congress · 16 June 1982
Amends the Internal Revenue Code to allow individual taxpayers an income tax deduction for cash and securities contributed to a savings account created or organized for the benefit of the taxpayer (or the taxpayer and spouse if married) for the exclusive purpose of purchasing such individual's first residence. Limits the aggregate amount deductible by a taxpayer to 15 percent of his adjusted gross income. Limits the dollar amount of such deduction to $1,500 annually ($3,000 in the case of a married couple's joint account), with a maximum lifetime deduction of $15,000 ($30,000 in the case of a married couple's joint account). Provides for annual cost-of-living adjustments to such amounts. Exempts such individual housing accounts from income taxation. Provides that upon purchase of a principal residence any qualified distributions from such an account used in the purchase shall be included in the beneficiary's income over a ten-year period. Prescribes tax penalties for the use of housing account distributions which are used for purposes other than the purchase of a first principal residence. Directs the trustee of an individual housing account to make reports regarding such account to the Secretary of the Treasury as required. Extends the income tax deduction for contributions to an individual housing account to taxpayers who do not itemize deductions.
Bill· HRH.R. 6608 (97th)referred
United States · United States Congress · 16 June 1982
Amends the Internal Revenue Code to allow an income tax deduction for cash and other contributions to a savings account created or organized exclusively for the purpose of paying the higher or vocational educational expenses of an eligible beneficiary. Limits the amount of such deduction to $1,000 per year, adjusted for inflation. Prohibits an individual from being the beneficiary of more than one account. Disallows such deduction after the beneficiary attains age 19. Exempts such accounts from taxation. Excludes distributions from such an account from the gross income of the payee so long as such distributions are used to defray the beneficiary's tuition, fees, books and supplies, and reasonable living expenses at an institution of higher education or a vocational school. Specifies penalties for the use of account funds for other than such educational purposes. Treats qualified distributions as income to the beneficiary for the taxable year in which the beneficiary attains age 27, and for each of the following nine years, in successive apportionments equal to ten percent of the total amount of such distributions.
Bill· HRH.R. 6604 (97th)referred
United States · United States Congress · 16 June 1982
Truth in Merger Economics Act - Amends the Internal Revenue Code to prohibit the filing of a consolidated return by a corporation that has been a member of an affiliated group for less than 36 months. Requires the recognition of gain by a corporation on the distribution of property in liquidation of large corporations. Provides that distributions shall be treated as in liquidation of a large corporation if the liquidated corporation was a large corporation or controlled by a large corporation or if 50 percent of the distributed assets were acquired by a large corporation. Defines "large corporation" as a publicly traded corporation whose outstanding stock is worth $100,000,000 or more, or a private corporation whose net worth is $100,000,000 or more. Increases the holding period requirement for stock for nonrecognition of gain in the case of certain distributions of appreciated property in redemption of stock. Disallows such nonrecognition in certain circumstances.
Bill· HRH.R. 6614 (97th)referred
United States · United States Congress · 16 June 1982
Prohibits any increase in the publicly held debt of the United States during any fiscal year if, during the previous fiscal year, outlays by the United States exceeded receipts. Provides for an exemption of such prohibition during any fiscal year if: (1) during any part of it the United States is at war; or (2) the Congress suspends such prohibition by a two-thirds affirmative vote.
Bill· HRH.R. 6606 (97th)referred
United States · United States Congress · 16 June 1982
Employer Withholding Protection Tax Act of 1982 - Amends the Internal Revenue Code to prohibit lawsuits against employers who comply with Internal Revenue Service notices which limit or deny withholding exemptions or allowances for employees. Awards attorney's fees to an employer against whom such a lawsuit is filed. Increases the civil penalty for individuals who file more than one false withholding statement. Increases the criminal penalty for filing false withholding statements and for the failure to supply required information. Makes the civil penalty for filing false withholding statements applicable to the first withholding statement filed by a taxpayer.
Resolution· HRESH.Res. 503 (97th)passed
United States · United States Congress · 15 June 1982
Sets forth the rule for the consideration of H.R. 6094 (Customs Service, International Trade Commission, and Trade Representative funding).
Resolution· HRESH.Res. 502 (97th)passed
United States · United States Congress · 15 June 1982
Sets forth the rule for the consideration of H.R. 5922 (Supplemental appropriations).
Bill· SS. 2622 (97th)open
United States · United States Congress · 10 June 1982
Amends the Internal Revenue Code to provide for the percentage of completion, completed contract, or any other accounting method which clearly reflects income from the performance of contracts which normally require more than 12 months to complete. Sets forth rules for the severance or aggregation of contracts, for the treatment of a contract as completed, and for the treatment of contract costs.
Bill· HRH.R. 6575 (97th)open
United States · United States Congress · 10 June 1982
Amends the Internal Revenue Code to qualify multiple lot issues of industrial development bonds for the small issue exemption for purposes of the tax exclusion of interest on such bonds. Requires that such multiple lots be sold at the same time, at the same interest rate, and under a common marketing plan. Requires that a common or polled security be used to pay debt service on such obligations.
Bill· HRH.R. 6568 (97th)open
United States · United States Congress · 10 June 1982
Amends the Internal Revenue Code to repeal the provisions allowing Members of Congress an increased business expense deduction.
Bill· HRH.R. 6579 (97th)referred
United States · United States Congress · 10 June 1982
New Jobs Act - Amends the Internal Revenue Code to allow employers an income tax credit in an amount equal to 25 percent of the increase in wages paid during 1982 to qualified new employees. Requires that such new employees must be individuals who: (1) are hired by the employer after June 14, 1982, and before October 16, 1982; (2) were not employed on a substantially full-time basis at any time during the 90-day period prior to the date of hiring; and (3) were not employed by the employer at any time prior to hiring.
Bill· HRH.R. 6573 (97th)referred
United States · United States Congress · 10 June 1982
Amends the Internal Revenue Code to allow individuals to designate one dollar of their income tax liability to be used for the purpose of reducing the public debt of the United States.
Bill· HRH.R. 6572 (97th)referred
United States · United States Congress · 10 June 1982
Amends the Internal Revenue Code to extend from 1982 to 1985 the period of time in which the general energy percentage, for purposes of the investment tax credit, is applicable. Extends the period of time from 1988 to 1993 for the application of special rules for hydroelectric generating property.
Bill· HRH.R. 6578 (97th)referred
United States · United States Congress · 10 June 1982
Amends the Internal Revenue Code to exclude from the gross income of an employee of an educational institution the value of lodging: (1) located on, or in the proximity of, a campus of such institution; and (2) furnished to the employee, his spouse, or any of his dependents by or on behalf of such institution.
Bill· HRH.R. 6566 (97th)referred
United States · United States Congress · 10 June 1982
Amends the Internal Revenue Code to repeal the option to expense intangible drilling and development costs in the case of oil, gas, and geothermal wells. Repeals the percentage depletion allowance for such wells. Repeals provisions of the windfall profit tax which: (1) exempt royalty oil for 1982 and thereafter; (2) reduce the tax imposed on newly discovered oil; and (3) exempt independent producer stripper well oil. Appropriates to the Federal Hospital Insurance Trust Fund increased revenues resulting from the enactment of this Act.
Bill· HJRESH.J.Res. 509 (97th)open
United States · United States Congress · 10 June 1982
Prohibits the President from furnishing Guatemala during FY 1982 and 1983 with: (1) military assistance and international military education and training under the Foreign Assistance Act of 1961; (2) military sales credits or guarantees under the Arms Export Control Act; (3) defense articles or services under the Arms Export Control Act; and (4) arms export licenses under the Arms Export Control Act. Suspends all deliveries of such military assistance, arms, or defense articles which would have been made pursuant to a transaction entered into before enactment of this resolution.
Bill· HRH.R. 6556 (97th)referred
United States · United States Congress · 9 June 1982
Amends the Internal Revenue Code to make permanent the present one percent rate for deductible additions to a bank's bad debt loss reserve account. Modifies the experience method of determining amounts necessary to sustain such a reserve account to allow a taxpayer to use an alternate method of determining reasonable additions to reserve accounts.
Resolution· HRESH.Res. 496 (97th)passed
United States · United States Congress · 9 June 1982
Sets forth the rule for the consideration of H. Con. Res. 352 (Congressional budget).
Bill· SS. 2610 (97th)open
United States · United States Congress · 8 June 1982
Small Business Debt-Equity Relief Act of 1982 - States that no Intenal Revenue Service regulations determining whether an interest in a corporation is to be treated as stock or indebtedness shall apply to an instrument issued before 180 days after the regulations are submitted to Congress. Requires that any such proposed regulations shall be consistent with the findings of Congress set forth in this Act if the Secretary of the Treasury chooses to adopt them.
Bill· HRH.R. 6537 (97th)open
United States · United States Congress · 7 June 1982
Amends the Internal Revenue Code to repeal the provision allowing an income tax deduction without substantiation for living expenses of Members of Congress.
Resolution· HCONRESH.Con.Res. 352 (97th)passed
United States · United States Congress · 7 June 1982
Title I: Revision of the Congressional Budget for the United States Government for the Fiscal Year 1982 - Sets the level of Federal revenues in FY 1982 at $623,000,000,000 and the net amount by which the aggregate level of Federal revenues should be decreased at $0. States that the level of total budget authority for FY 1982 is $764,500,000,000 and that the level of total budget outlays is $738,300,000,000. Sets forth a budget deficit of $115,300,000,000. States that the level of public debt is $1,143,100,000,000 with an increase of $63,300,000,000 in the statutory limit on such debt. States that the level of total obligations for the principal amount of new direct loans is $62,450,000,000. Sets the level of total new primary commitments to guarantee loan principal at $73,850,000,000 and the level of total new secondary commitments to guarantee loan principal at $48,700,000,000. Sets forth the levels of new budget authority and outlays under each major functional category of the budget for FY 1982. Establishes a Congressional Federal credit budget for fiscal year 1982 with appropriate levels of: (1) new direct loan obligations at $62,450,000,000; (2) new primary loan guarantee commitments at $73,850,000,000; and (3) new secondary loan guarantee commitments at $48,700,000,000. Sets forth the appropriate levels of total Federal credit activity, new direct loan obligations, new primary loan guarantee commitments, and new secondary loan guarantee commitments for each functional category for FY 1982. Expresses the sense of Congress that the following ceilings should be applied in FY 1982: (1) $30,250,000,000 for off-budget lending activities; (2) $32,200,000,000 for on-budget lending activities; (3) $73,850,000,000 for new primary loan guarantee commitments; and (4) $48,700,000,000 for new secondary loan guarantee commitments. Title II: Setting Forth the Congressional Budget for the United States Government for the Fiscal Years 1983, 1984, and 1985 - Sets a level of Federal revenues in FY 1983 of $657,100,000,000 and the aggregate level of Federal revenues increased by $12,100,000,000. States that the level of total new budget authority is $806,050,000,000. Sets the level of total budget outlays at $779,300,000,000. Sets forth a budget deficit of $122,200,000,000. Sets the level of public debt for FY 1983 at $1,290,200,000,000 with an increase of $890,200,000,000 in the statutory limit on such debt. Sets forth the levels of new budget authority and outlays under each major functional category of the budget for FY 1983. Establishes a Congressional Federal credit budget for FY 1983 with appropriate levels of: (1) new direct loan obligations at $50,800,000,000; (2) new primary loan guarantee commitments at $91,550,000,000; and (3) new secondary loan guarantee commitments at $38,400,000,000. Sets forth the appropriate levels of total Federal credit activity, new direct loan obligations, new primary loan guarantee commitments, and new secondary loan guarantee commitments for each functional category for FY 1983. Expresses the sense of Congress that the following ceilings should be applied in FY 1983: (1) $28,350,000,000 for off-budget lending activities; (2) $22,450,000,000 for on-budget lending activities; (3) $91,550,000,000 for new primary loan guarantee commitments; and (4) $38,400,000,000 for new secondary loan guarantee commitments. Recommends levels of Federal revenues of $720,600,000,000 in FY 1984 and $798,800,000,000 in FY 1985. Sets the amount by which the aggregate levels of Federal revenues should be increased at $18,600,000,000 in FY 1984 and $18,800,000,000 in FY 1985. States that the level of total new budget authority for FY 1984 is $869,650,000,000 and $952,550,000,000 for FY 1985. Sets the level of total budget outlays at $830,100,000,000 for FY 1984 and $888,200,000,000 for FY 1985. Sets the amount of deficit in the budget at $109,500,000,000 in FY 1984 and $89,400,000,000 in FY 1985. Sets the level of the public debt at $1,426,600,000,000 and $1,551,100,000,000 in FY 1984 and 1985, respectively. Sets forth the increase in the temporary statutory limit on such debt at $1,026,600,000,000 in FY 1984 and $1,151,100,000,000 in FY 1985. Sets forth the levels of new budget authority and outlays under each major functional category of the budget for FY 1984 and FY 1985. Title III: Providing Reconciliation Instructions and Other Enforcement Measures - Requires the appropriate committees of the House and the Senate to report changes in laws within their respective jurisdictions sufficient to reduce budget authority and outlays in fiscal year 1983 in amounts consistent with reductions in entitlement programs assumed in this resolution and to increase revenues in 1983 in amounts consistent with the assumptions in this resolution. Declares that, in the House of Representatives, no bill or resolution providing new budget authority for FY 1983, or new spending authority first effective in FY 1983 which exceeds the appropriate allocation or subdivision of such new discretionary budget authority or new spending authority shall be enrolled until after Congress has completed action on the second concurrent resolution on the budget. Makes it out of order in either House to consider any bill or resolution or amendment thereto providing new budget authority for FY 1983 or new spending authority first effective in FY 1983 within the jurisdiction of any of its committees unless and until such committee makes the allocations or subdivisions required by the Budget Act. Declares that it is the sense of Congress that if Congress acts to restore fiscal responsibility and reduces projected budget deficits in a substantial and permanent way, then the Federal Reserve Open Market Committee shall reevaluate its monetary targets in order to assure that they are fully complementary to a new and more restrained fiscal policy.
Resolution· HRESH.Res. 491 (97th)open
United States · United States Congress · 2 June 1982
Sets forth the rule for the consideration of H.R. 6370 (International security and development).
Bill· SS. 2592 (97th)open
United States · United States Congress · 27 May 1982
Amends the Internal Revenue Code to create a rebuttable presumption that a member of a religious order who is required to take a vow of poverty and obedience is acting as an agent of such order when performing certain paid services. Creates such presumption for purposes of the withholding of tax on wages and determining gross income.
Bill· HRH.R. 6510 (97th)open
United States · United States Congress · 27 May 1982
Safe Harbor Leasing Reform Act of 1982 - Amends the Internal Revenue Code to limit the accelerated depreciation deductions and investment tax credit amounts accruing to safe harbor lessors from sale and leaseback arrangements of depreciable property. Allows such lessors a limited income tax credit for the reduction in tax benefits. Exempts safe harbor lessors from at risk requirements for deducting investment losses. Limits the availability of sale and leaseback arrangements in the case of certain lessees with foreign source income. Limits the income tax deduction for interest on investment indebtedness for safe harbor lease property.
Bill· HRH.R. 6521 (97th)open
United States · United States Congress · 27 May 1982
Rescinds any legislation enacted after December 31, 1980, granting Members of Congress an income tax deduction for living expenses.
Bill· HRH.R. 6503 (97th)open
United States · United States Congress · 27 May 1982
Amends the Internal Revenue Code to restrict the availability of the investment tax credit to regulated public utilities whose cost of service in their regulated books of account is reduced by more than a ratable portion of such credit.
Bill· HRH.R. 6524 (97th)referred
United States · United States Congress · 27 May 1982
Formaldehyde Victims Compensation Act of 1982 - Title I: Tax Credits - Amends the Internal Revenue Code to allow individuals a refundable income tax credit for 100 percent of expenditures incurred to remove formaldehyde foam insulation from a dwelling unit which is used as the principal residence of the taxpayer. Limits such credit to $10,000 for any taxable year. Allows a refundable income tax credit for 100 percent of the formaldehyde-related medical expenses paid or incurred by a taxpayer. Limits the aggregate amount of such credit for all taxable years to $5,000. Provides that previous expenditures for urea-formaldehyde foam insulation shall not be taken into account in computing the dollar limitation on the residential energy tax credit. Title II: Responsibilities of Federal Agencies - Requires the Consumer Product Safety Commission (in the case of a dwelling unit in which formaldehyde foam has been installed) and the Department of Housing and Urban Development (in the case of a manufactured home) to provide, upon written request of any owner of a dwelling unit, a dosimeter or other device suitable for measuring the level of formaldehyde gas in such a dwelling unit. Requires followup tests by the designated agency if the results of the owner's test show a level of formaldehyde gas in excess of a specified level. Requires the designated agency to provide an owner with technical assistance to reduce the level of formaldehyde gas if such followup tests show the level of formaldehyde gas still in excess of the specified level. Requires the Consumer Product Safety Commission to conduct a survey of all public schools in the United States to determine if any such schools have formaldehyde foam insulation. Requires the Commission to submit a report to the Congress on such survey. Requires the Congressional Budget Office (CBO) to conduct a study to determine the average loss of value to owners of manufactured homes due to the presence of formaldehyde gas in such homes. Requires the CBO to submit a report to the Congress on such study.
Bill· HRH.R. 6515 (97th)referred
United States · United States Congress · 27 May 1982
Amends the Internal Revenue Code to exclude from gross income interest and dividends from a domestic corporation received by taxpayers age 62 or over.
Bill· SS. 2581 (97th)open
United States · United States Congress · 26 May 1982
International Communication Agency Authorization Act, Fiscal Year 1983 - Authorizes FY 1983 appropriations for the International Communication Agency (ICA) to carry out international communication, education, cultural, and exchange programs. Earmarks specified amounts for: (1) the Education and Cultural Affairs Directorate of the ICA; (2) the Fullbright Academic Exchange Programs and the International Visitor Program; (3) the Humphrey Fellowship Program; and (4) grants to private, nonprofit organizations engaging in exchange-of-persons programs. Amends the United States Information and Education Exchange Act of 1948 to authorize the ICA to credit to its applicable appropriations any fees received by the ICA in connection with its English-teaching programs. Amends the Foreign Service Act of 1980 to direct the President to prescribe the salary rates for each salary class of the Senior Foreign Service. Directs the Secretary of State to determine which of the basic salary rates shall be paid to each member of a salary class. Authorizes the Secretary to adjust the basic salary rate of a member of the Senior Foreign Service once a year. (Current law requires Presidential reappointment and Senate reconfirmation for a senior foreign service member to move, even within a class, from one pay level to another.)
Bill· HRH.R. 6502 (97th)open
United States · United States Congress · 26 May 1982
Amends the Internal Revenue Code to limit the income tax deduction for living expenses for Members of Congress. Requires Members to certify that they are physically present in Washington, D.C., for official business and that they own or rent a residence in their home district. Provides that such deduction shall be determined by multiplying the number of Washington business days by the actual subsistence allowance for Washington, D.C., payable for such days.
Bill· HRH.R. 6493 (97th)referred
United States · United States Congress · 26 May 1982
Amends the Internal Revenue Code to reduce to $37,500 the amount of foreign earned income that is excludable from gross income, effective in 1983.
Bill· SS. 2565 (97th)open
United States · United States Congress · 25 May 1982
Amends the Internal Revenue Code to allow disclosure of returns or return information to an officer or employee of any Federal agency for use in preparing any administrative, judicial, or grand jury proceeding involving the enforcement of a specific Federal criminal statute (but not involving tax administration) or in an investigation which may result in such a proceeding. Authorizes such disclosure only by ex parte order of a Federal district court judge or magistrate. Sets forth grounds for the granting of such order. Requires the Secretary of the Treasury to disclose return information upon written request of the head or the Inspector General of a Federal agency or the Attorney General or his designee, to such officers and employees as are directly engaged in, and solely for use in or preparation for, any administrative, judicial, or grand jury proceeding involving the enforcement of a specific Federal criminal statute (but not involving tax administration) or in an investigation which may result in such a proceeding. Prohibits the disclosure of returns or return information which would identify a confidential informant or seriously impair a tax investigation. Authorizes the Secretary to disclose return information (other than information which would identify a confidential informant or seriously impair a tax investigation) which may constitute evidence of a violation of Federal criminal laws to the extent necessary to apprise the head of the appropriate Federal agency responsible for enforcing such laws. Permits the Secretary or his designee, in specified emergency circumstances, to disclose information to the extent necessary to apprise the appropriate Federal agency of such emergency. Allows information disclosed pursuant to this Act to be entered into evidence in a proceeding not involving tax administration or in an ancillary proceeding to which the United States is a party. Limits such disclosure to the extent required by applicable discovery requirements. Prohibits admission of such information into evidence if the Secretary determines that it would identify a confidential informant or seriously impair a tax investigation. Permits the disclosure of returns and return information to Federal agencies by order of a Federal district judge if necessary to locate fugitives from justice. Permits an individual to bring an action for civil damages for the unauthorized disclosure of returns or return information by Federal officers or employees or others. Provides that an individual shall not be liable for a disclosure that results from a good faith but erroneous interpretation of the law. Limits the amount of recoverable damages. Allows the disclosure of returns or return information by Federal agencies or by the Secretary for use in certain audits by the General Accounting Office.
Bill· SS. 2570 (97th)open
United States · United States Congress · 25 May 1982
Veterans' Organizations Tax Reform Act - Amends the Internal Revenue Code to provide that an organization of war veterans shall not be exempt from taxation if a substantial part of its activities consists of carrying on propaganda, or otherwise attempting to influence legislation with respect to matters not related to veterans affairs. Disallows estate, gift, and income tax deductions for charitable contributions to veterans' organizations disqualified for a tax exemption under the provisions of this Act. Defines "veterans affairs" as issues directly relating to: (1) programs and benefits for veterans and the surviving spouses and children of veterans; and (2) the armed forces of the United States and national defense.
Bill· SS. 2567 (97th)referred
United States · United States Congress · 25 May 1982
Department of Justice Appropriation Authorization Act, Fiscal Year 1983 - Authorizes appropriations for FY 1983 to the Department of Justice for: (1) general administration; (2) the United States Parole Commission; (3) general legal activities; (4) the Foreign Claims Settlement Commission; (5) the Antitrust Division; (6) United States Attorneys and Marshals; (7) support of U.S. prisoners in non-Federal institutions; (8) fees and expenses of witnesses; (9) the Community Relations Service; (10) the Federal Bureau of Investigation; (11) the Immigration and Naturalization Service; (12) the Drug Enforcement Administration, including activities under the Controlled Substances Act; and (13) the Federal Prison System. Authorizes the Drug Enforcement Administration to set aside 25 percent of the amount realized from the forfeiture of seized assets for compensating informers with respect to such forfeitures. Amends the Immigration and Nationality Act to subject the overtime treatment of Immigration and Naturalization Service employees for inspection duties to the general government overtime rates and provisions. Requires the Attorney General to perform periodic evaluations of the efficiency and effectiveness of the Department of Justice programs funded by this Act. Eliminates the U.S. trustees program. Amends the Justice System Improvement Act regarding the title to personal property in criminal justice programs. Eliminates funding for the Juvenile Justice program in 1983 and 1984. Terminates the Law Enforcement Assistance Administration and transfers its continuing functions to the Office of Justice Assistance, Research, and Statistics. Provides funds for Cuban and Haitian entrants.
Bill· HRH.R. 6483 (97th)open
United States · United States Congress · 25 May 1982
Veterans' Organizations Tax Reform Act - Amends the Internal Revenue Code to provide that an organization of war veterans shall not be exempt from taxation if a substantial part of its activities consists of carrying on propaganda, or otherwise attempting to influence legislation with respect to matters not related to veterans affairs. Defines "veterans affairs" as issues directly relating to: (1) programs and benefits for veterans and the surviving spouses and children of veterans; and (2) the armed forces of the United States and national defense.
Bill· HRH.R. 6475 (97th)open
United States · United States Congress · 25 May 1982
Amends the Internal Revenue Code to allow disclosure of returns or return information to an officer or employee of any Federal agency for use in preparing any administrative, judicial, or grand jury proceeding involving the enforcement of a specific Federal criminal statute (but not involving tax administration) or in an investigation which may result in such a proceeding. Authorizes such disclosure only by ex parte order of a Federal district court judge or magistrate. Sets forth grounds for the granting of such order. Requires the Secretary of the Treasury to disclose return information upon written request of the Head or the Inspector General of a Federal agency or the Attorney General or his designee, to such officers and employees as are directly engaged in, and solely for use in or preparation for, any administrative, judicial, grand jury proceeding involving the enforcement of a specific Federal criminal statute (but not involving tax administration) or in an investigation which may result in such a proceeding. Disallows the disclosure of returns or return information which would identify a confidential informant or seriously impair a tax investigation. Authorizes the Secretary to disclose return information (other than information which would identify a confidential informant or seriously impair a tax investigation) which may constitute evidence of a violation of Federal criminal laws to the extent necessary to apprise the head of the appropriate Federal agency responsible for enforcing such laws. Permits the Secretary or his designee, in specified emergency circumstances, to disclose information to the extent necessary to apprise the appropriate Federal agency of such emergency. Allows information disclosed pursuant to this Act to be entered into evidence in a proceeding not involving tax administration or in an ancillary proceeding to which the United States is a party. Limits such disclosure to the extent required by applicable discovery requirements. Prohibits admission of such information into evidence if the Secretary determines that it would identify a confidential informant or seriously impair a tax investigation. Permits the disclosure of returns and return information to Federal agencies by order of a Federal district judge if necessary to locate fugitives from justice. Permits an individual to bring an action for civil damages for the unauthorized disclosure of returns or return information by Federal officers or employees or others. Provides that an individual shall not be liable for a disclosure that results from a good faith but erroneous interpretation of the law. Limits the amount of recoverable damages. Allows the disclosure of returns or return information by Federal agencies or by the Secretary for use in certain audits by the General Accounting Office.
Bill· HRH.R. 6481 (97th)open
United States · United States Congress · 25 May 1982
Rescinds any legislation granting Members of Congress an income tax deduction for living expenses if any other taxpayer would not be entitled to such a deduction for similar expenses.
Bill· HRH.R. 6487 (97th)referred
United States · United States Congress · 25 May 1982
Amends the Internal Revenue Code to exclude from eligibility for accelerated cost recovery residential real property acquired from the Government in a sale without competitive bidding. Provides that such property shall be depreciated by using the straight line method over a recovery period of 40 years.
Bill· HRH.R. 6484 (97th)referred
United States · United States Congress · 25 May 1982
Scientific Research and Education Act - Amends the Internal Revenue Code to increase from 65 to 100 percent the amount of expenses eligible for the tax credit for amounts paid by a corporation for certain basic research by colleges, universities, and certain research organizations. Allows such credit for amounts paid by a corporation for scientific education at an institution of higher education. Limits such credit to the extent such amounts are used by the recipient for the payment of wages. Sets special rules for grants made to certain research funds. Disqualifies subchapter S corporations, personal holding companies, and personal service corporations for the credit.
Bill· HRH.R. 6480 (97th)referred
United States · United States Congress · 25 May 1982
Amends the Internal Revenue Code to allow non-itemizing taxpayers to deduct expenses paid for tax return preparation services. Limits such deduction to $25 per taxable year.
Bill· HRH.R. 6476 (97th)referred
United States · United States Congress · 25 May 1982
Amends the Economic Recovery Tax Act of 1981 to allow the executor of an estate to elect to have provisions apply which redefine "family member" for purposes of the special valuation of farms based on use, in the case of decedents dying after August 13, 1981, and before January 1, 1982.
Resolution· HRESH.Res. 480 (97th)referred
United States · United States Congress · 25 May 1982
Expresses the sense of the House of Representatives that changes to the Railroad Retirement Act of 1974 (relating to the railroad retirement system and the Railroad Retirement Board) proposed in the President's budget for FY 1983 should not be implemented.
Resolution· HRESH.Res. 482 (97th)referred
United States · United States Congress · 25 May 1982
Expresses the sense of the House of Representatives that Congress should begin consideration of a simplified income tax, with a single rate.
Bill· SS. 2564 (97th)open
United States · United States Congress · 24 May 1982
Amends the Internal Revenue Code to include low-income unemployed older Americans as members of targeted groups for purposes of the tax credit for new employees. Defines "low-income unemployed older Americans" as any individual who is certified by a designated local agency as: (1) 55 years old on or before the hiring date; (2) unemployed for a 15-week period ending on the hiring date; and (3) a member of a family which had a gross income during the three months prior to determination, which, on an annual basis, would be 125 percent or less of the poverty level as determined by the Director of the Office of Management and Budget. Extends such tax credit for one year from 1982 to 1983.
Bill· HRH.R. 6469 (97th)referred
United States · United States Congress · 24 May 1982
Amends the Community Services Block Grant Act to authorze the Secretary of Health and Human Services to designate and make grants to public or private nonprofit agencies to administer community action programs in areas for which action agencies are terminated or denied funding by the Secretary during FY 1982 or 1983.
Bill· HRH.R. 6468 (97th)referred
United States · United States Congress · 24 May 1982
Amends the Internal Revenue Code to revise requirements for sale and leaseback arrangements for purposes of the accelerated cost recovery system. Requires that the guidelines of specified Revenue Procedures relating to minimum investment, purchase options, lessee investments and loans, profit and cash flow requirements, and limited use property be followed in all lease transactions. Requires that a lessor have a minimum 20 percent unconditional at risk investment in the leased property (currently, ten percent).
Bill· HRH.R. 6465 (97th)referred
United States · United States Congress · 21 May 1982
Amends the Internal Revenue Code to exclude from gross income gain from the sale of real property to certain organizations for use for conservation purposes. Requires that such sale be on the installment method and that such conservation purpose be protected in perpetuity. Disallows such exclusion in the case of involuntary conversions. Allows an extension of time for payment of estate taxes in the case of acquisitions from a decedent's estate of real property by qualified organizations used for conservation purposes. Limits such extension to ten years after the decedent's death.
Bill· HRH.R. 6464 (97th)referred
United States · United States Congress · 21 May 1982
Amends the Internal Revenue Code to revise the rules for the deductibility of expenses for attendance at a foreign convention. Requires a taxpayer, in order to deduct expenses incurred in attending any convention held outside the United States, to establish and substantiate that: (1) the purpose of the convention is directly related to the active conduct of his trade or business; (2) the time spent at the convention is primarily devoted to business-related activities; (3) such expense is not the cost of personal activities incidental to such convention; and (4) such expense is not lavish or extravagant under the circumstances. Disallows the business expense deduction for meetings held in countries which do not provide similar deductions for its citizens attending meetings in the United States Defines, "foreign convention" as any convention, seminar or similar meeting held outside the United States.
Bill· HRH.R. 6460 (97th)referred
United States · United States Congress · 21 May 1982
Amends the Internal Revenue Code to increase the allowable amount of the income tax deduction for eliminating architectural and transportation barriers for the handicapped and aged from $25,000 to $100,000. Makes such tax deduction permanent.