Taxation

Ending Corporate Tax Favors for Stock Options Act

United States · United States Congress · 28 September 2007

Ending Corporate Tax Favors for Stock Options Act - Amends the Internal Revenue Code to: (1) limit the employer tax deduction for stock options granted to its employees to the value of such options as recorded on the employer's books at the time such options are granted; and (2) apply the $1 million limitation on the employer tax deduction for employee remuneration to stock option compensation.

United States-Peru Trade Promotion Agreement Implementation Act

United States · United States Congress · 27 September 2007

United States-Peru Trade Promotion Agreement Implementation Act - Approves the United States-Peru Trade Promotion Agreement (the Agreement) entered into with the government of Peru. Provides for the Agreement's entry into force upon certain conditions being met on or after January 1, 2008. Authorizes the President to proclaim actions, and other appropriate officers of the U.S. government to issue regulations, necessary to ensure appropriate implementation of any provision of this Act that takes effect on the date the Agreement enters into force. Provides for: (1) administration of dispute settlement proceedings; (2) arbitration of certain claims against the United States; and (3) specified tariff modifications. Prescribes requirements for: (1) enforcement of textile and apparel rules of origin; (2) actions for relief from imports benefiting from the Agreement; (3) certain textile and apparel safeguard measures; and (4) enforcement of export laws governing trade of timber products from Peru. Amends the Trade Agreements Act of 1979 to make eligible for U.S. government procurement products or services of a foreign country or instrumentality that is a party to the Agreement. Amends the Consolidated Omnibus Budget Reconciliation Act of 1985 to extend certain customs fees for the processing of merchandise entered into the United States through December 13, 2014. Amends the Tax Increase Prevention and Reconciliation Act of 2005 to increase the amount of any corporate estimated tax installment otherwise due by a corporation with assets of not less than $1 billion in July, August, or September of 2012 to 115.75% of such amount.

United States-Peru Trade Promotion Agreement Implementation Act

United States · United States Congress · 27 September 2007

United States-Peru Trade Promotion Agreement Implementation Act - Approves the United States-Peru Trade Promotion Agreement (the Agreement) entered into with the government of Peru. Provides for the Agreement's entry into force upon certain conditions being met on or after January 1, 2008. Authorizes the President to proclaim actions, and other appropriate officers of the U.S. government to issue regulations, necessary to ensure appropriate implementation of any provision of this Act that takes effect on the date the Agreement enters into force. Provides for: (1) administration of dispute settlement proceedings; (2) arbitration of certain claims against the United States; and (3) specified tariff modifications. Prescribes requirements for: (1) enforcement of textile and apparel rules of origin; (2) actions for relief from imports benefiting from the Agreement; (3) certain textile and apparel safeguard measures; and (4) enforcement of export laws governing trade of timber products from Peru. Amends the Trade Agreements Act of 1979 to make eligible for U.S. government procurement products or services of a foreign country or instrumentality that is a party to the Agreement. Amends the Consolidated Omnibus Budget Reconciliation Act of 1985 to extend certain customs fees for the processing of merchandise entered into the United States through December 13, 2014. Amends the Tax Increase Prevention and Reconciliation Act of 2005 to increase the amount of any corporate estimated tax installment otherwise due by a corporation with assets of not less than $1 billion in July, August, or September of 2012 to 115.75% of such amount.

State Video Tax Fairness Act of 2007

United States · United States Congress · 27 September 2007

State Video Tax Fairness Act of 2007 - Prohibits any state from imposing a direct or indirect tax that results in different charges being imposed on substantially equivalent multichannel video programming services based on the means by which those services are delivered, including Internet protocol (or any successor protocol), direct broadcast satellite delivery, and cable television services.

Internet Tax Freedom Act Amendments Act of 2007

United States · United States Congress · 27 September 2007

Internet Tax Freedom Act Amendments Act of 2007 - Amends the Internet Tax Freedom Act to: (1) extend until November 1, 2011, the moratorium on state and local taxation of Internet access and electronic commerce and the exemption from such moratorium for states with previously enacted Internet tax laws (grandfather provisions); (2) restrict the authority of certain states claiming an exemption from the moratorium under the Internet Tax Nondiscrimination Act of 2004 to impose Internet access taxes after November 1, 2007; (3) expand the definition of "Internet access" to include related communication services (e.g., e-mails and instant messaging) and redefine "telecommunications" to include unregulated non-utility telecommunications (e.g., cable service); and (4) allow a specific exception to the moratorium for certain state business taxes enacted between June 20, 2005, and November 1, 2007, that do not tax Internet access.

American Competitiveness Tax Act of 2007

United States · United States Congress · 27 September 2007

American Competitiveness Tax Act of 2007 - Amends the Internal Revenue Code to allow business taxpayers with net operating losses in prior taxable years to claim a full tax deduction for income attributable to domestic production activities.

Alternative Minimum Tax Reform Act of 2007

United States · United States Congress · 27 September 2007

Alternative Minimum Tax Reform Act of 2007 - Amends the Internal Revenue Code to allow corporate taxpayers to offset alternative minimum tax liabilities with long-term unused minimum tax credits and increased net operating loss allowances.

U.S. Capitol Police and Library of Congress Police Merger Implementation Act of 2007

United States · United States Congress · 27 September 2007

U.S. Capitol Police and Library of Congress Police Merger Implementation Act of 2007 - Transfers each Library of Congress (LOC) police employee and each LOC civilian employee to the U.S. Capitol Police. States that: (1) a LOC Police employee shall become a member of the Capitol Police on the employee's transfer date if the Chief of the Capitol Police determines and issues a written certification that the employee meets specified eligibility requirements; and (2) if the Chief determines that such requirements are not met, then such employee shall become a civilian employee of the Capitol Police. Requires the determination to be made for all LOC Police employees before FY2010. Exempts LOC Police employees who become members of the Capitol Police from federal mandatory separation law, subject to specified conditions. Entitles any creditable service accrued by such LOC Police employees before becoming a Capitol Police to be included in calculating the employee's service as a member of the Capitol Police for purposes of the Federal Employees Retirement System (FERS) and the Civil Service Retirement System (CSRS). Provides that: (1) the transfer of such personnel shall not cause any such employee to be separated or receive a reduction in pay; and (2) any credited annual, sick leave, other leave, or compensatory leave of the individual shall be transferred to the individual's credit as a member or employee of the Capitol Police. Requires the Librarian of Congress to establish standards and regulations for the physical security, control, and preservation of the Library of Congress collections and property, and or maintenance of suitable order and decorum within the Library. Amends the Library of Congress Fiscal Operations Improvement Act of 2000 to provide for payment of Capitol Police services for Library of Congress special events.

Extension of Vital Tax Policy Act of 2007

United States · United States Congress · 27 September 2007

Extension of Vital Tax Policy Act of 2007 - Amends the Internal Revenue Code to extend through 2008 the taxpayer election to deduct state and local sales taxes in lieu of state and local income taxes.

EXAMINING THE PRESIDENT'S FISCAL YEAR 2008 SUPPLEMENTAL REQUEST FOR THE WARS IN IRAQ AND AFGHANISTAN

United States · United States Senate · 26 September 2007

Farmer Tax Fairness Act of 2007

United States · United States Congress · 26 September 2007

Farmer Tax Fairness Act of 2007 - Amends the Internal Revenue Code and title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to revise the optional method of computing the net earnings of self-employed individuals for purposes of determining social security benefit eligibility. Replaces the numerical formula for determining benefit eligibility with an indexed calculation based on a lower limit (the amount required under the Social Security Act for a quarter of coverage) and an upper limit (150 percent of the lower limit).

TMA, Abstinence Education, and QI Programs Extension Act of 2007

United States · United States Congress · 26 September 2007

TMA, Abstinence Education, and QI Programs Extension Act of 2007 - Amends the Tax Relief and Health Care Act of 2006, as amended, to extend transitional medical assistance (TMA) and the abstinence education program through December 31, 2007. Amends title XIX (Medicaid) of the Social Security Act (SSA) to extend through December 2007: (1) the qualifying individual (QI) program; and (2) a specified allocation of funds for state coverage of Medicare cost-sharing for additional low-income Medicare beneficiaries. Directs the Secretary of Health and Human Services, for FY2008-FY2012, to provide for the application to asset eligibility determinations under the Medicaid program of the automated, secure, web-based asset verification request and response process being applied for determining eligibility for Supplemental Security Income benefits under a specified demonstration project authorized by SSA title XVI (Supplemental Security Income) (SSI) Amends the U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations Act, 2007 to delay for six months, from September 30, 2007, through March 31, 2008, the effective date of the requirement to use tamper-resistant prescription pads to prescribe covered outpatient drugs under the Medicaid program. Amends SSA title XVIII (Medicare) to provide additional funding for the Medicare Physician Assistance and Quality Initiative Fund. Limits the implementation for FY2008-FY2009 of prospective documentation and coding adjustments (made in response to the implementation of the Medicare Severity Diagnosis Related Group (MS-DRG) system under the Medicare prospective payment system (PPS) for inpatient hospital services).

SAFE Commission Act

United States · United States Congress · 25 September 2007

Securing America's Future Economy Commission Act, or SAFE Commission Act - Establishes the Securing America's Future Economy (SAFE) Commission to develop legislation designed to address: (1) the unsustainable imbalance between long-term federal spending commitments and projected revenues; (2) increases in net national savings to provide for domestic investment and economic growth; (3) the implications of foreign ownership of federally issued debt instruments; and (4) revision of the budget process to place greater emphasis on long-term fiscal issues. Requires the Commission to: (1) develop one or two methods for estimating the cost of legislation as an alternative to the current Congressional Budget Office (CBO) method; and (2) hold at least one town-hall style public hearing within each federal reserve district. Requires the Commission to submit a legislative proposal to Congress and the President. Authorizes the President to submit to Congress an alternative proposal. Authorizes the Committee on the Budget of either chamber to publish its own alternative proposal in the Congressional Record. Sets forth procedures for consideration of such legislation. Requires CBO to prepare a long-term cost estimate and have it published in the Congressional Record as expeditiously as possible whenever requested to do so by the Commission, the President, or the chairman or ranking minority member of the Committee on the Budget of either chamber.

Mortgage Forgiveness Debt Relief Act of 2007

United States · United States Congress · 25 September 2007

Amends the Internal Revenue Code to: (1) exclude from gross income amounts attributable to a discharge of mortgage indebtedness on a principal residence; (2) extend through 2014 the tax deduction for mortgage insurance premiums; (3) expand the definition of cooperative housing corporation for purposes of the tax deduction for payments to such corporations; and (4) limit the exclusion from gross income of gain from the sale of a principal residence by denying an exclusion of the gain allocated to a nonqualified use of such residence. Amends the Tax Increase Prevention and Reconciliation Act of 2005 to increase (from 114.75% to 116.50%) in the third quarter of 2012 the estimated tax rate for corporations with assets of not less than $1 billion.

Tax Free Tips Act of 2007

United States · United States Congress · 25 September 2007

Tax Free Tips Act of 2007 - Amends the Internal Revenue Code to exempt tips from the income tax, social security and railroad retirement taxes, unemployment taxes, and tax withholding. Defines "tips" as any gratuity provided to a salaried employee by a customer or client of the employer's business.

Energy Efficient Appliance Tax Credit for Air Conditioners Act of 2007

United States · United States Congress · 25 September 2007

Energy Efficient Appliance Tax Credit for Air Conditioners Act of 2007 - Amends the Internal Revenue Code to allow a tax credit for 25% of the cost (up to $500) of air conditioners which meet requirements for the Energy Star program. Terminates such credit after 2016.

Bipartisan Task Force for Responsible Fiscal Action Act of 2007

United States · United States Congress · 25 September 2007

Bipartisan Task Force for Responsible Fiscal Action Act of 2007 - Amends the Congressional Budget Act of 1974 to establish the Bipartisan Task Force for Responsible Fiscal Action to address, and report to the President and Congress on, the nation's long-term fiscal imbalances, including those attributable to the Medicare and Social Security programs and the gap between their projected revenues and expenditures. Provides for expedited legislative consideration of Task Force recommendations.

Equity for Our Nation's Self-Employed Act of 2007

United States · United States Congress · 25 September 2007

Equity for Our Nation's Self Employed Act of 2007 - Amends the Internal Revenue Code to allow self-employed individuals to deduct health insurance costs in computing the tax on self-employment income.

Making continuing appropriations for the fiscal year 2008, and for other purposes.

United States · United States Congress · 25 September 2007

Makes continuing appropriations for FY2008. Appropriates amounts for continuing operations, projects, or activities which were conducted in FY2007 and for which appropriations, funds, or other authority were made available in: (1) the Department of Defense Appropriations Act, 2007 (division A of Public Law 109-289); (2) the Department of Homeland Security Appropriations Act, 2007 (Public Law 109-295); and (3) the Continuing Appropriations Resolution, 2007 (division B of Public Law 109-289, as amended by Public Law 110-5). Provides funding under this resolution until the earliest of: (1) enactment of an appropriation for any project or activity provided for in this joint resolution; (2) enactment of the applicable appropriations Act for FY2008 without any provision for such project or activity; or (3) November 16, 2007. Authorizes continuation of other specified activities (including activities for entitlements and other mandatory payments) through such date.

Providing for consideration of the joint resolution (H.J. Res. 52) making continuing appropriations for the fiscal year 2008, and for other purposes.

United States · United States Congress · 25 September 2007

Sets forth the rule for consideration of the joint resolution (H.J. Res. 52) making continuing appropriations for the fiscal year 2008.

Superfund Reinvestment Act of 2007

United States · United States Congress · 24 September 2007

Superfund Reinvestment Act of 2007 - Amends the Internal Revenue Code by reinstating until January 1, 2018, the Hazardous Substance Superfund financing rate and the corporate environmental income tax.

Providing for the consideration of the Senate amendments to the bill (H.R. 976) to amend the Internal Revenue Code of 1986 to provide tax relief for small businesses, and for other purposes.

United States · United States Congress · 24 September 2007

Sets forth a rule for the consideration of H.R. 976 (Children's Health Insurance Program Reauthorization Act of 2007).

Promoting Charitable Actions Act of 2007

United States · United States Congress · 20 September 2007

Promoting Charitable Actions Act of 2007 - Amends the Internal Revenue Code to extend through 2011 the expansion of the tax deduction for charitable contributions of food inventory to taxpayers other than C corporations.

To amend the Internal Revenue Code of 1986 to allow the deduction for interest on acquisition indebtedness on principal residences to all individuals, whether or not they itemize their other deductions.

United States · United States Congress · 20 September 2007

Amends the Internal Revenue Code to allow an individual taxpayer to deduct from gross income interest incurred to acquire, construct, improve, or refinance a principal residence, whether or not such taxpayer itemizes other income tax deductions.

To amend the Internal Revenue Code of 1986 to extend the deduction for contributions of real property made for conservation purposes.

United States · United States Congress · 20 September 2007

Amends the Internal Revenue Code to extend through 2008 the tax deduction for charitable contributions of real property made for conservation purposes.

Providing Tax Fairness for Service Members and Veterans Act of 2007

United States · United States Congress · 20 September 2007

Providing Tax Fairness for Service Members and Veterans Act of 2007 - Amends the Internal Revenue Code to extend through 2011: (1) the taxpayer election to include combat pay as earned income for purposes of computing the earned income tax credit; and (2) eligibility of veterans for mortgage financing without regard to first-time homebuyer requirements.

Health Care Access Improvement Act

United States · United States Congress · 20 September 2007

Health Care Access Improvement Act - Amends the Internal Revenue Code to allow a primary health service provider (i.e., a physician, clinical psychologist, or clinical social worker) a tax credit for the value of professional services provided to individuals in a health professional shortage area.

To amend the Internal Revenue Code of 1986 to expand the Hope Scholarship Credit by increasing the maximum credit, by allowing the credit for 4 years of postsecondary education, and by allowing the credit for room, board, and certain other expenses.

United States · United States Congress · 20 September 2007

Amends the Internal Revenue Code to: (1) increase the maximum dollar limitation on the Hope Scholarship tax credit from $1,000 to $2,000; (2) allow such credit for four years (currently, two years) of postsecondary education; and (3) allow such credit to include expenses for books, supplies, and equipment for courses and for reasonable room and board expenses.

To amend the Internal Revenue Code of 1986 to modify the treatment of qualified restaurant property as 15-year property for purposes of the depreciation deduction.

United States · United States Congress · 20 September 2007

Amends the Internal Revenue Code to make permanent the 15-year recovery period for purposes of the tax deduction for depreciation of qualified restaurant property. Revises the term "qualified restaurant property" to include existing buildings as well as improvements to buildings.

Enhancing Education through Tax Relief Act of 2007

United States · United States Congress · 20 September 2007

Enhancing Education through Tax Relief Act of 2007 - Amends the Internal Revenue Code to extend through 2011: (1) the tax deduction for certain expenses of elementary and secondary school teachers; (2) the expanded tax deduction for charitable contributions of book inventories to public schools; (3) the expanded tax deduction for charitable contributions of computer technology or equipment to schools, charities, and public libraries; (4) the tax credit for holders of qualified zone academy bonds; and (5) the tax deduction for qualified tuition and related expenses.

Homeowner Tax Fairness Act of 2007

United States · United States Congress · 19 September 2007

Homeowner Tax Fairness Act of 2007 - Amends the Internal Revenue Code to allow an additional standard tax deduction (available to taxpayers who do not itemize) for state and local real property taxes.

Government Shutdown Prevention Act

United States · United States Congress · 19 September 2007

Government Shutdown Prevention Act - Provides for automatic continuing appropriations if any regular appropriation for a fiscal year (or, if applicable, for each fiscal year in a biennium) does not become law before the beginning of such fiscal year, or a joint resolution making continuing appropriations is not in effect. Appropriates amounts necessary to continue any project or activity for which funds were provided in the preceding fiscal year: (1) in the corresponding regular appropriation Act for such preceding fiscal year; or (2) if such legislation did not become law, then in the joint resolution making continuing appropriations for such preceding fiscal year. Requires the appropriations and funds made available, and authority granted, for any fiscal year for a project or activity to be available for the period beginning with the first day of a lapse in appropriations and ending with the earlier of: (1) the date on which the applicable regular appropriation bill for such fiscal year becomes law (whether or not such law provides for such project or activity) or a continuing resolution making appropriations becomes law, as the case may be; or (2) the last day of such fiscal year.

Family Product Safety Protection Act

United States · United States Congress · 19 September 2007

Family Product Safety Protection Act - Amends the Consumer Product Safety Act to authorize the Consumer Product Safety Commission (CPSC) to order the recall of any consumer product the CPSC determines to be imminently hazardous and, notwithstanding specified disclosure limitations, to disclose information relating to the recall and the product to the public. Requires (under current law, allows) the CPSC to prescribe product testing rules. Reauthorizes the Act for FY2008 and subsequent fiscal years.

Charitable Tax Relief Act of 2007

United States · United States Congress · 19 September 2007

Charitable Tax Relief Act of 2007 - Amends the Internal Revenue Code to make permanent the exclusion from gross income of distributions from individual retirement accounts made for charitable purposes.

To amend the Internal Revenue Code of 1986 to allow a credit against income tax for the production of certain material produced from organic matter which is available on a renewable or recurring basis.

United States · United States Congress · 19 September 2007

Amends the Internal Revenue Code to allow a tax credit for qualifying biomaterial produced by a taxpayer for business use. Limits the annual amount of such credit to $125 million. Defines "qualifying biomaterial" as a commercial or industrial product produced by chemically or biologically transforming feedstocks at least 75% of which are used to produce organic matter available on a renewable or recurring basis.

Smart Energy Tax Relief Act of 2007

United States · United States Congress · 19 September 2007

Smart Energy Tax Relief Act of 2007 - Amends the Internal Revenue Code to make permanent the tax credits for: (1) nonbusiness energy property expenditures; (2) gas produced from biomass and for synthetic fuels produced from coal; and (3) energy efficient household appliances (i.e., dishwashers, clothes washers, refrigerators).

Government Shutdown Prevention Act

United States · United States Congress · 19 September 2007

Government Shutdown Prevention Act - Provides for automatic continuing appropriations if any regular appropriation for a fiscal year (or, if applicable, for each fiscal year in a biennium) does not become law before the beginning of such fiscal year, or a joint resolution making continuing appropriations is not in effect. Appropriates amounts necessary to continue any project or activity for which funds were provided in the preceding fiscal year: (1) in the corresponding regular appropriation Act for such preceding fiscal year; or (2) if such legislation did not become law, then in the joint resolution making continuing appropriations for such preceding fiscal year. Requires the appropriations and funds made available, and authority granted, for any fiscal year for a project or activity to be available for the period beginning with the first day of a lapse in appropriations and ending with the earlier of: (1) the date on which the applicable regular appropriation bill for such fiscal year becomes law (whether or not such law provides for such project or activity) or a continuing resolution making appropriations becomes law, as the case may be; or (2) the last day of such fiscal year.

To amend the Internal Revenue Code of 1986 to treat certain payments made to the European Union in lieu of income taxes to a member of the European Union as income taxes paid to a foreign country for purposes of the foreign tax credit.

United States · United States Congress · 19 September 2007

Amends the Internal Revenue Code to allow taxpayers a foreign tax credit for employment taxes paid to the European Union.

America's Heroes Tax Relief Act of 2007

United States · United States Congress · 19 September 2007

America's Heroes Tax Relief Act of 2007 - Amends the Internal Revenue Code to make permanent the exemption from tax penalties for premature withdrawals from retirement plans made by individuals called to active duty in the Armed Forces.

Educator Expense Deduction Act of 2007

United States · United States Congress · 19 September 2007

Educator Expense Deduction Act of 2007 - Amends the Internal Revenue Code to: (1) increase the allowable tax deduction for the expenses of elementary and secondary school teachers to $500; (2) allow the deduction of professional development expenses; and (3) make such deduction permanent.

America's Teachers Tax Relief Act of 2007

United States · United States Congress · 19 September 2007

America's Teachers Tax Relief Act of 2007 - Amends the Internal Revenue Code to make permanent the tax deduction for certain expenses of elementary and secondary school teachers.

Cost of Government Awareness Act of 2007

United States · United States Congress · 19 September 2007

Cost of Government Awareness Act of 2007 - Amends the Internal Revenue Code to: (1) repeal withholding of income tax from wages after December 31, 2007; and (2) require individual taxpayers to make monthly installment payments of income tax.

Middle Class Investor Tax Relief Act of 2007

United States · United States Congress · 19 September 2007

Middle Class Investor Tax Relief Act of 2007 - Amends the Internal Revenue Code to allow individual taxpayers a deduction from gross income for their net capital gains. Limits the amount of the deduction based upon taxpayer adjusted gross income.

State Sales Tax Equity Relief Act of 2007

United States · United States Congress · 19 September 2007

State Sales Tax Equity Relief Act of 2007 - Amends the Internal Revenue Code to make permanent the taxpayer election to deduct state and local sales taxes in lieu of state and local income taxes.

American Middle Class Tax (AMT) Relief Act of 2007

United States · United States Congress · 19 September 2007

American Middle Class Tax (AMT) Relief Act of 2007 - Amends the Internal Revenue Code to extend through 2007: (1) the increased alternative minimum tax exemption amounts for individual taxpayers; and (2) the increased amount allowed for certain nonrefundable income tax credits.

Providing for consideration of the bill (H.R. 2881) to amend title 49, United States Code, to authorize appropriations for the Federal Aviation Administration for fiscal years 2008 through 2011, to improve aviation safety and capacity, to provide stable funding for the national aviation system, and for other purposes.

United States · United States Congress · 19 September 2007

Sets forth the rule for consideration of the bill (H.R. 2881) to amend title 49, United States Code, to authorize appropriations for the Federal Aviation Administration for fiscal years 2008 through 2011, to improve aviation safety and capacity, to provide stable funding for the national aviation system.

Bipartisan Task Force for Responsible Fiscal Action Act of 2007

United States · United States Congress · 18 September 2007

Bipartisan Task Force for Responsible Fiscal Action Act of 2007 - Amends the Congressional Budget Act of 1974 to establish the Bipartisan Task Force for Responsible Fiscal Action to address, and report to the President and Congress on, the nation's long-term fiscal imbalances, including those attributable to the Medicare and Social Security programs and the gap between their projected revenues and expenditures. Provides for expedited legislative consideration of Task Force recommendations.

Employment Assistance for Victims of Domestic Abuse Act of 2007

United States · United States Congress · 18 September 2007

Employment Assistance for Victims of Domestic Abuse Act of 2007 - Amends the Internal Revenue Code to allow small employers (employers averaging 50 or fewer employees) a work opportunity tax credit for hiring an individual receiving assistance as a victim of domestic abuse.

Property Tax Relief Act of 2007

United States · United States Congress · 18 September 2007

Property Tax Relief Act of 2007 - Amends the Internal Revenue Code to allow state and local real property taxes paid on a principal residence as a deduction from gross income (thus allowing taxpayers who do not itemize their tax deductions to claim such deduction).

To authorize the Edward Byrne Memorial Justice Assistance Grant Program at fiscal year 2006 levels through 2012.

United States · United States Congress · 17 September 2007

Amends the Omnibus Crime Control and Safe Streets Act of 1968 to authorize appropriations for the Edward Byrne Memorial Justice Assistance Grant Program through FY2012.