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351 records in US in 1983
United States · United States Congress · 15 June 1983
Amends the Internal Revenue Code to increase the income tax deduction allowed for maintaining exchange students as members of the taxpayer's household to $100 per month up to a maximum of $1,000 per year.
United States · United States Congress · 14 June 1983
Resource Recovery Tax Incentive and Clarification Act of 1983 - Amends the Internal Revenue Code to allow an energy investment tax credit for resource recovery and solid waste disposal property used by tax-exempt organizations and governmental units.
United States · United States Congress · 14 June 1983
Amends the Internal Revenue Code to allow married individuals to compute the amount of their income tax deduction for contributions to retirement savings accounts on the basis of the earnings of their spouse.
United States · United States Congress · 14 June 1983
Amends the Internal Revenue Code to allow married individuals to compute the amount of their income tax deduction for contributions to retirement savings accounts on the basis of the earnings of their spouse.
United States · United States Congress · 14 June 1983
Amends the Internal Revenue Code to permit crime victims to deduct their crime-related medical expenses without regard to the five percent floor on the medical expense deduction.
United States · United States Congress · 14 June 1983
Waives points of order against the consideration of H.R. 3263 (military construction funding).
United States · United States Congress · 14 June 1983
Sets forth the rule for the consideration of H.R. 2972 (military construction funding).
United States · United States Congress · 14 June 1983
Sets forth the rule for the consideration of H.R. 2668 (Consumer Product Safety Act extension).
United States · United States Congress · 13 June 1983
Amends the Internal Revenue Code to allow an amortization deduction, based on a period of 60 months, for bus operating authorities held by the taxpayer on November 19, 1982, or acquired under a binding contract in effect on that date. Limits the aggregate amount of such deduction to $5,000,000.
United States · United States Congress · 13 June 1983
Energy Tax Credit Extension Act of 1983 - Amends the Internal Revenue Code to extend for five years from 1990 to 1995 the time period for which the energy investment tax credit is allowable with respect to certain long-term projects. Repeals the termination date for the treatment of certain shale oil property as energy property. (Present law terminated such treatment as of December 31, 1982.)
United States · United States Congress · 10 June 1983
Excludes from gross income, for income tax purposes, certain distributions made from a qualified terminated employee benefit plan. Requires that such distributions must have been transferred to an individual retirement account by the taxpayer on a specific date. Defines a "qualified terminated plan" as a pension plan with respect to which a notice of a sufficiency was issued by the Pension Benefit Guaranty Corporation on December 2, 1976 and which was terminated by corporate action on February 20, 1976.
United States · United States Congress · 9 June 1983
Provides for a carryover of appropriations to the succeeding fiscal year in the case of any amount appropriated for any appropriation item for FY 1984 or thereafter that remains unexpended and unobligated.
United States · United States Congress · 9 June 1983
Amends the Internal Revenue Code to provide that losses attributable to disasters determined to warrant assistance under the Disaster Relief Act of 1974 shall be allowable as an income tax deduction without regard to whether they exceed ten percent of the adjusted gross income of the taxpayer.
United States · United States Congress · 9 June 1983
Amends the Internal Revenue Code to provide that disability income shall not be subject to income tax withholding.
United States · United States Congress · 9 June 1983
Fair Tax Act of 1983 - Title I: Reduction of Individual and Corporate Tax Rate-Subtitle A: Reduction of Rates - Amends the Internal Revenue Code to reivse individual tax rates. Imposes a flat tax rate of 14 percent on the taxable income of individuals. Imposes a surtax of between 12 and 16 percent of the amount by which adjusted gross income exceeds specified levels. Imposes a flat tax rate of 30 percent on the taxable income of estates and trusts. Imposes a flat tax rate of 30 percent on the taxable income of corporations. Subtitle B: Increase in Personal Exemption for Taxpayer and Standard Deduction - Increases the personal exemption for an individual taxpayer and spouse to $1,600 and $1,800 for an individual who is a head of a household. Raises the standard deduction to $6,000 in the case of a joint return or a surviving spouse or $3,000 in the case of an individual, or a married individual filing a separate return. Subtitle C: Repeals Related to Reduction in Rates - Repeals provisions relating to: (1) tax tables for individuals; (2) minimum tax for tax preferences; (3) personal service corporations; (4) special averaging rules for lump-sum distributions; (5) accumulated corporate surplus; (6) personal holding companies; (7) income averaging; and (8) graduated corporate tax rates. Repeals the indexing of tax rates. Applies the trust throwback rules only to amounts distributed from foreign trusts. Title II: Base Broadening-Subtitle A: Credits - Repeals the general tax credit, the investment tax credit, the possessions tax credit and the income tax credits relating to: (1) the elderly and the permanently and totally disabled; (2) contributions to candidates for public office; (3) home purchases; (4) residential energy conservation; (5) producing fuel from a nonconventional source; (6) alcohol used as fuel; (7) increasing research activities; (8) employee stock ownership; and (9) clinical testing for certain drugs. Allows an income tax deduction for household and dependent care expenses necessary for employment. (Present law allows an income tax credit for such expenses.) Subtitle B: Exclusions - Repeals the partial income tax exclusion for interest and dividends. Repeals the exclusion for: (1) qualified transportation furnished by an employer; (2) cafeteria plans furnished by an employer; (3) dependent care assistance programs; (4) dividend reinvestment in public utilities; (5) payments to encourage mining for defenses purposes; (6) earned income of citizens living abroad; (7) certain allowances; (8) income from sources within the United States; and (9) income from sources within Puerto Rico. Treats as taxable income: (1) tier two railroad retirement benefits; (2) amounts paid by an employer for group-term life insurance; (3) unemployment compensation; (4) the annual increase in the the cash surrender value of life insurance policies; (5) interest on industrial development bonds and mortgage subsidy bonds; and (6) amounts contributed by an employer to accident and health plans. Provides that the transfer of a corporation's stock in satisfaction of indebtedness will be treated as having satisfied the indebtedness with money equal to the fair market value of the stock. Provides a limited exclusion from income for scholarships and fellowships. imposes the surtax on the gain from the sale of a principal residence. Amends the Merchant Marine Act to repeal the tax exemption for deposits into, and withdrawals from, a capital construction fund. Subtitle C: Deductions - Repeals the deduction for two-earner married couples, and the deduction for adoption expenses. Limits the amount of the interest deduction for individuals. Repeals the deduction for State and local personal property and sales taxes. Restricts the charitable contribution for corporations to 50 percent of the charitable contributions during the year. Increases the floor on the deduction for medical and dental expenses from five percent to 10 percent. Subtitle D: Repeal of Special Capital Gains Treatment - Repeals the alternative tax on capital gains for corporations, and the deduction for individuals for capital gains. Limits the amount of the capital loss deduction without regard to distinctions between short term and long term capital losses. Eliminates the distinction between short-term and long-term gains and losses. Title III: Capital Cost Recovery-Subtitle A: Simplified Cost Recovery Systems - Allows individuals and corporations a deduction from gross income for a percentage of the balance in a recovery account for each year. Includes in the recovery account the cost of recovery property which is depreciable property used in a trade or business or held for the production of income which is placed in sevice after December 31, 1984. Establishes six classes of recovery property and specifies a class life for each. Assigns property to each class according to the class life of the property. Sets forth rules for the calculation of the recovery percentage on the basis of the class life of the property. Allows individuals and corporations a deduction for depletable property determined as a percentage of the balance in a recovery account for each year. Establishes six classes of depletable property and assigns a class life to each. Assigns a ten year class life for oil, gas, and geothermal wells. Subtitle B: Other Changes - Repeals the income tax deductions for: (1) intangible drilling and development costs for oil, gas, and geothermal wells; (2) depreciation; (3) amortization of pollution control facilities; (4) improvements made by a leasee on a lessor's property; (5) certain depreciable assets; (6) amortization of reforestation expenditures; (7) percentage depletion; (8) development expenditures; and (9) mining and exploration expenditures. Allows a ten-year period for the amortization of construction period interest and taxes. Allows a deduction of circulation expenses for a newspaper, magazine, or other periodical ratably over a ten-year period. Excludes amounts chargeable to a capital account from such treatment. Provides for the deduction of 50 percent of tertiary injectant expenses in the taxable year and 50 percent of such expenses in the succeeding taxable year. Title IV: Miscellaneous Provisions - Subtitle A: Foreign Income - Requires an individual who owns stock in a corporation which is a controlled foreign corporation to include in income a pro rata share of the corporations's earnings and profits for such year. Reduces such amount by any amount required to be included in in income by reason of the amount being foreign personal holding company income. Repeals the domestic international sales corporations (DISC) provisions for taxable years beginning after December 31, 1984. Subtitle B: Other Miscellaneous Provisions - Repeals the tax exemption for credit unions. Reduces the limit on benefits which may be paid to a participant under defined benefit plans and defined contribution plans. Repeals the cost-of-living adjustment for defined benefit plans. Continues the cost-of-living adjustment for purposes of calculating a participant's average compensation for his high three years. Requires farmers to compute their taxable income using the accrual method of accounting with the capitalization of preproduction expenses. Exempts taxpayers who do not have gross receipts exceeding $1,000,000. Requires farming syndicates to use the accrual method of accounting without regard to gross receipts. Provides that farmers who must use the accrual method cannot expense the following: (1) soil and water conservation expenditures; (2) fertilizer; and (3) expenses for clearing land. Requires the deferral of income or loss must be taken into account in determining tax liability under completed contract method of accounting. Requires that the taxpayer with adjusted gross income in excess of $100,000 must make estimated payments equal to 90 percent of current year tax. Requires the recognition of the gain or loss on distributions of property by corporations. Eliminates the special bad debt reserves of financial institutions. Title V: Effective Dates - Sets forth the effective dates of the provisions of this Act.
United States · United States Congress · 9 June 1983
Amends the Economic Recovery Tax Act of 1981 to retroactively apply provisions permitting an election for the special valuation of farms and small businesses based on use to be made on the decedent's tax return even if filed late. Permits the credit or refund of any overpayment of tax resulting from the exercise of an election on a late return which would otherwise be barred by law, if the claim for such credit or refund is made within six months after the enactment of this Act.
United States · United States Congress · 9 June 1983
Economic Growth and Retirement Act of 1983 - Amends the Internal Revenue Code to allow certain married individuals to be eligible for the income tax deduction for retirement savings on the basis of the earned income of their spouses. Increases the maximum amount of the deduction for retirement savings to $5,000. Phases in this increased deduction over a three-year period.
United States · United States Congress · 9 June 1983
Amends the Internal Revenue Code to provide that the principal campaign committee of a candidate for State or local office will be subject to tax at the graduated corporate tax rates.
United States · United States Congress · 8 June 1983
Local Government Fiscal Assistance Amendments of 1983 - Extends the revenue-sharing program of general-purpose fiscal assistance to local governments through FY 1985. States that all data computations (currently, only the allocations) of a local government whose boundaries include areas of two or more counties shall be determined on the basis of the proportion of its population in each county. Requires a local government receiving such assistance to assure that it will comply with the public-participation and audit requirements. Repeals provisions requiring a reduction in the allocation to a State government if it reduces its own payments to local governments. Permits State governments to use alternative formulae for allocating payments among its local governments. Reduces from two to one the number of public hearings a recipient government must hold on its proposals for use of revenue sharing funds. Declares that discrimination proceedings must begin when a government receives a notice of discrimination complaints (currently, when the notice is issued). Permits a government to elect to have the required audits conducted every second fiscal year in which the government receives payments provided that such audit encompasses the financial statements for both fiscal years. Requires such audits to be conducted in accordance with the Comptroller General's 'Standards for Audit of Governmental Organizations, Programs, Activities and Functions.' Requires such reports to be made available for public inspection within 30 days following completion.
United States · United States Congress · 8 June 1983
Fair Tax Act of 1983 - Title I: Reduction of Individual and Corporate Tax Rate - Subtitle A: Reduction of Rates - Amends the Internal Revenue Code to revise individual tax rates. Imposes a flat tax rate of 14 percent on the taxable income of individuals. Imposes a surtax of between 12 and 16 percent of the amount by which adjusted gross income exceeds specified levels. Imposes a flat tax rate of 30 percent on the taxable income of estates and trusts. Imposes a flat tax rate of 30 percent on the taxable income of corporations. Subtitle B: Increase in Personal Exemption for Taxpayer and Standard Deduction - Increases the personal exemption for an individual taxpayer and spouse to $1,600 and $1,800 for an individual who is a head of a household. Raises the standard deduction to $6,000 in the case of a joint return or a surviving spouse or $3,000 in the case of an individual, or a married individual filing a separate return. Subtitle C: Repeals Related to Reduction in Rates - Repeals provisions relating to: (1) tax tables for individuals; (2) minimum tax for tax preferences; (3) personal service corporations; (4) special averaging rules for lump-sum distributions; (5) accumulated corporate surplus; (6) personal holding companies; (7) income averaging; and (8) graduated corporate tax rates. Repeals the indexing of tax rates. Applies the trust throwback rules only to amounts distributed from foreign trusts. Title II: Base Broadening-Subtitle A: Credits - Repeals the general tax credit, the investment tax credit, the possessions tax credit and the income tax credits relating to: (1) the elderly and the permanently and totally disabled; (2) contributions to candidates for public office; (3) home purchases; (4) residential energy conservation; (5) producing fuel from a nonconventional source; (6) alcohol used as fuel; (7) increasing research activities; (8) employee stock ownership; and (9) clinical testing for certain drugs. Allows an income tax deduction for household and dependent care expenses necessary for employment. (Present law allows an income tax credit for such expenses.) Subtitle B: Exclusions - Repeals the partial income tax exclusion for interest and dividends. Repeals the exclusion for: (1) qualified transportation furnished by an employer; (2) cafeteria plans furnished by an employer; (3) dependent care assistance programs; (4) dividend reinvestment in public utilities; (5) payments to encourage mining for defense purposes; (6) earned income of citizens living abroad; (7) certain allowances; (8) income from sources within the United States; and (9) income from sources within Puerto Rico. Treats as taxable income: (1) tier two railroad retirement benefits; (2) amounts paid by an employer for group-term life insurance; (3) unemployment compensation; (4) the annual increase in the cash surrender value of life insurance policies; (5) interest on industrial development bonds and mortgage subsidy bonds; and (6) amounts contributed by an employer to accident and health plans. Provides that the transfer of a corporation's stock in satisfaction of indebtedness will be treated as having satisfied the indebtedness with money equal to the fair market value of the stock. Provides a limited exclusion from income for scholarships and fellowships. Imposes the surtax on the gain from the sale of a principal residence. Amends the Merchant Marine Act to repeal the tax exemption for deposits into, and withdrawals from, a capital construction fund. Subtitle C: Deductions - Repeals the deduction for two-earner married couples, and the deduction for adoption expenses. Limits the amount of the interest deduction for individuals. Repeals the deduction for State and local personal property and sales taxes. Restricts the charitable contribution for corporations to 50 percent of the charitable contributions during the year. Increases the floor on the deduction for medical and dental expenses from five percent to 10 percent. Subtitle D: Repeal of Special Capital Gains Treatment - Repeals the alternative tax on capital gains for corporations, and the deduction for individuals for capital gains. Limits the amount of the capital loss deduction without regard to distinctions between short term and long term capital losses. Eliminates the distinction between short-term and long-term gains and losses. Title III: Capital Cost Recovery-Subtitle A: Simplified Cost Recovery Systems - Allows individuals and corporations a deduction from gross income for a percentage of the balance in a recovery account for each year. Includes in the recovery account the cost of recovery property which is depreciable property used in a trade or business or held for the production of income which is placed in service after December 31, 1984. Establishes six classes of recovery property and specifies a class life for each. Assigns property to each class according to the class life of the property. Sets forth rules for the calculation of the recovery percentage on the basis of the class life of the property. Allows individuals and corporations a deduction for depletable property determined as a percentage of the balance in a recovery account for each year. Establishes six classes of depletable property and assigns a class life to each. Assigns a ten year class life for oil, gas, and geothermal wells. Subtitle B: Other Changes - Repeals the income tax deductions for: (1) intangible drilling and development costs for oil, gas, and geothermal wells; (2) depreciation; (3) amortization of pollution control facilities; (4) improvements made by a leasee on a lessor's property; (5) certain depreciable assets; (6) amortization of reforestation expenditures; (7) percentage depletion; (8) development expenditures; and (9) mining and exploration expenditures. Allows a ten year period for the amortization of construction period interest and taxes. Allows a deduction of circulation expenses for a newspaper, magazine, or other periodical ratably over a ten-year period. Excludes amounts chargeable to a capital account from such treatment. Provides for the deduction of 50 percent of tertiary injectant expenses in the taxable year and 50 percent of such expenses in the succeeding taxable year. Title IV: Miscellaneous Provisions - Subtitle A: Foreign Income - Requires an individual who owns stock in a corporation which is a controlled foreign corporation to include in income a pro rata share of the corporations's earnings and profits for such year. Reduces such amount by any amount required to be included in in income by reason of the amount being foreign personal holding company income. Repeals the domestic international sales corporations (DISC) provisions for taxable years beginning after December 31, 1984. Subtitle B: Other Miscellaneous Provisions - Repeals the tax exemption for credit unions. Reduces the limit on benefits which may be paid to a participant under defined benefit plans and defined contribution plans. Repeals the cost-of-living adjustment for defined benefit plans. Continues the cost-of-living adjustment for purposes of calculating a participant's average compensation for his high three years. Requires farmers to compute their taxable income using the accrual method of accounting with the capitalization of preproduction expenses. Exempts taxpayers who do not have gross receipts exceeding $1,000,000. Requires farming syndicates to use the accrual method of accounting without regard to gross receipts. Provides that farmers who must use the accrual method cannot expense the following: (1) soil and water conservation expenditures; (2) fertilizer; and (3) expenses for clearing land. Requires that the deferral of income or loss must be taken into account in determining tax liability under completed contract method of accounting. Requires that the taxpayer with adjusted gross income in excess of $100,000 must make estimated payments equal to 90 percent of current year tax. Requires the recognition of the gain or loss on distributions of property by corporations. Eliminates the special bad debt reserves of financial institutions. Title V: Effective Dates - Sets forth the effective dates of the provisions of this Act.
United States · United States Congress · 8 June 1983
Housing Opportunity and Mortgage Equity Act of 1983 - Amends the Internal Revenue Code to allow an income tax deduction for cash contributions to a tax-exempt housing opportunity mortgage equity account established for the exclusive purpose of purchasing the taxpayer's first home. Limits the maximum annual deduction to $1,000 ($2,000 for a joint return), with a maximum lifetime deduction of $10,000. Phases out the deduction for individuals or couples whose income exceeds $50,000. Recaptures as ordinary income the amount of the withdrawals from the account for a home purchase over a period of the greater of five years or the number of years contributions had been made to the account. Requires that contributions to a housing opportunity mortgage equity account must be used by the end of ten years after the initial contribution. Imposes a ten percent surtax on distributions not used for the purchase of a principal residence. Requires the trustee of a housing opportunity mortgage equity account to report on the maintenance of the account. Imposes a penalty for failure to file required reports.
United States · United States Congress · 8 June 1983
Amends the Internal Revenue Code to permit a married taxpayer filing a joint return to deduct from gross income certain amounts paid to an individual retirement plan established for the benefit of a spouse without regard to any compensation received by the spouse.
United States · United States Congress · 8 June 1983
Excludes from gross income, for income tax purposes, certain work-related sick pay received by New York City police officers.
United States · United States Congress · 8 June 1983
Amends the Internal Revenue Code to repeal the windfall profit tax on domestic crude oil.
United States · United States Congress · 8 June 1983
Amends the Tax Equity and Fiscal Responsibility Act of 1982 to treat certain coal gasification facilities as transitional safe harbor lease property, for income tax purposes.
United States · United States Congress · 8 June 1983
Amends the Internal Revenue Code to permit an income tax deduction for charitable contributions of partial interests in property or property placed in trust where the governing instrument of the transfer is amended or conformed to meet certain requirements after the initial transfer. Allows the adjustment or exchange of an income interest or remainder interest transferred for charitable purposes where the donee receives an interest in property not less in value than that of the original transfer. Allows an estate or gift tax charitable deduction for a partial interest where the reformable interest in the charitable trust had not been corrected and there had been a termination of all intervening interests in the trust. Provides that interest on underpayment of tax will not be collected where the underpayment results from a disallowance of a charitable deduction involving a reformable partial interest. Extends until December 31, 1985, the period for filing a claim or credit for refund of overpayment of tax where the overpayment resulted from the allowance of a charitable deduction as a result of amending or conforming the transfer instrument.
United States · United States Congress · 8 June 1983
Amends the Internal Revenue Code to repeal the windfall profit tax on domestic crude oil.
United States · United States Congress · 7 June 1983
Medicare Fiscal Intermediary Amendments Act - Amends title XVIII (Medicare) of the Social Security Act to permit each provider of services to have the right to elect to have payments made by the Secretary of Health and Human Services rather than by a fiscal intermediary.
United States · United States Congress · 7 June 1983
Amends the Internal Revenue Code to provide that governments issuing tax-exempt securities must not have an income, franchise, or other tax on corporations which tax includes, as part of the tax base, items of income from sources outside the United States.
United States · United States Congress · 7 June 1983
Excludes from gross income, for income tax purposes, certain work-related sick pay received by New York City police officers.
United States · United States Congress · 7 June 1983
Waives points of order against the consideration of H.R. 3134 (appropriations).
United States · United States Congress · 7 June 1983
Waives points of order against the consideration of H.R. 3191 (appropriations).
United States · United States Congress · 7 June 1983
Waives points of order against the consideration of H.R. 3223 (appropriations).
United States · United States Congress · 6 June 1983
Federal Neutrality Act of 1983 - Prohibits the disbursement of Government funds to any tax- exempt organization which engages in political advocacy or which is an affiliate of any organization which engages in political advocacy. Requires all U.S. agencies and departments which disburse such funds to adopt regulations requiring recipient organizations to disclose certain information. Requires all agencies and departments to perform annual audits of any recipient organizations to which they have disbursed funds. Requires recipient organizations to certify, under penalty of perjury, that they are not engaged in political advocacy.
United States · United States Congress · 6 June 1983
Exempts from State and local ad valorem taxation: (1) tangible personal property imported from outside the United States and held in a foreign-trade zone for certain purposes; and (2) tangible personal property produced in the United States and held in a zone for exportation.
United States · United States Congress · 6 June 1983
Amends the Internal Revenue Code to exempt holdings in an independent local newspaper business from the tax on excess business holdings of private foundations. Defines an "independent local newspaper business" as: (1) a proprietorship which publishes an independent local newspaper; (2) a partnership which publishes such a newspaper and which has none of its outstanding partnership interests traded in an established securities market; and (3) a corporation which publishes such a newspaper and which has none of its outstanding capital stock traded in an established securities market.
United States · United States Congress · 6 June 1983
Expresses the sense of the Congress that the continuing possibility that the provisions of the Internal Revenue Code relating to withholding of tax from interest and dividends will be repealed is creating, for all payors, an undue hardship within the meaning of the Tax Equity and Fiscal Responsibility Act of 1982, and that the Secretary of the Treasury should exercise his authority under such Act to delay the effective date of such provision until December 31, 1983.
United States · United States Congress · 6 June 1983
Amends the Tax Reform Act of 1976 to extend from 1983 to 1987 the exclusion from gross income of income resulting from the cancellation of student loan indebtedness.
United States · United States Congress · 3 June 1983
Amends the Internal Revenue Code to provide that tax-exempt interest shall not be taken into account in determining the amount of social security benefits subject to tax.
United States · United States Congress · 3 June 1983
Title I: Agricultural Programs - Appropriates funds for FY 1984 for the following programs and services: (1) Office of the Secretary of Agriculture; (2) standard level user charges; (3) advisory committees; (4) departmental administration; (5) Office of Governmental and Public Affairs; (6) Office of Congressional Affairs; (7) Office of the Inspector General; (9) Office of the General Counsel; (9) Federal Grain Inspection Service (with limitations on administrative expenses); (10) Agricultural Research Service (including scientific activities overseas); (11) Cooperative State Research Service; (12) Extension Service; (13) National Agricultural Library; (14) Animal and Plant Health Inspection Service; (15) Food Safety and Inspection Service; (16) Economic Research Service; (17) Statistical Reporting Service; (18) Agricultural Cooperative Service; (19) World Agricultural Outlook Board; (20) Agricultural Marketing Service (with limitations on administrative expenses); (21) Packers and Stockyards Administration; (22) Agricultural Stabilization and conservation Service (including the dairy indemnity program); and (23) Office of Transportation. Limits the amount to be obligated for inspection and weighing services. Authorizes the Federal Crop Insurance Corporation and the Commodity Credit Corporation to make expenditures, within specified limits, to carry out their respective programs. Title II: Rural Development Programs - Appropriates funds for rural development assistance as follows: (1) Office of Rural Development Policy; (2) Farmers Home Administration; (3) Rural Electrification Administration; (4) Soil Conservation Services; and (5) Agricultural Stabilization and Conservation Service. Title III: Domestic Food Programs - Appropriates funds for programs of the Food and Nutrition Service, including the food stamp program. Title IV: International Programs - Appropriates funds for: (1) the Foreign Agricultural Service (including an allotment from the Commodity Credit Corporation); (2) Public Law 480 (financing the sale of agricultural commodities for convertible foreign currencies; and (3) the Office of International Cooperation and Development. Title V: Related Agencies - Appropriates funds for: (1) the Food and Drug Administration; (2) the Commodity Futures Trading Commission; and (3) the Farm Credit Administration (with limitations on administrative expenses). Title VI: General Provisions - Limits the expenditure of specified appropriations made by this Act. Prohibits the use of funds for the production of marihuana or other prohibited drug-producing plants for illegal use. Limits the amount of transfers to the Working Capital Fund for the purpose of accumulating growth capital for data services and National Finance Center operations. Prohibits the use of funds to implement, administer, or enforce any regulation which has been disapproved pursuant to any resolution of disapproval. Provides that the certificates of beneficial ownership sold by the Farmers Home Administration in connection with specified insurance funds shall not be less than 75 percent of the value of loans closed during the fiscal year. Prohibits the use of funds to carry out any activity related to phasing out the Resource Conservation and Development Program. Prohibits the use of funds to prevent or interfere with the right and obligation of the Commodity Credit Corporation to sell surplus agricultural commodities in world trade at competitive prices. Authorizes the provision of specified commodities to individuals in cases of hardship. Prohibits the payment of any funds out of the Treasury to any private individual or corporation in satisfaction of a loan guarantee entered into by a Federal agency or corporation with respect to loans made and credits extended to the Polish People's Republic, unless: (1) the Republic has been declared to be in default of its debt to such individual or corporation; or (2) the President has provided a monthly written report to specified congressional leaders justifying any such payments during the previous month. Directs the Secretary of Agriculture to initiate construction on not less than 20 new projects under the Watershed Protection and Flood Prevention Act and not less than five new projects under the Flood Control Act.
United States · United States Congress · 3 June 1983
World Peace Tax Fund Act - Amends the Internal Revenue Code to permit conscientious objectors to designate their income, estate, or gift tax payments for nonmilitary purposes. Establishes within the Treasury a World Peace Tax Fund to receive such tax payments. Defines a conscientious objector as an individual who is opposed to war in any form and who has been exempted from combat training in the Armed Forces under the Military Selective Service Act, or who satisfactorily demonstrates that he is conscientiously opposed to war in any form. Requires tax forms to contain a checkoff for taxpayers who wish to claim conscientious objector status and designate their tax payments for the World Peace Tax Fund. Permits the setting aside of criminal or civil penalties imposed upon a taxpayer for nonpayment of tax prior to 1979 if the taxpayer pays the tax and satisfactorily establishes that the nonpayment was due to his religious beliefs. Directs the Comptroller General to determine the percentage of actual appropriations made by the United States from the Federal budget during the preceding fiscal year for military purposes. Requires the publication of such information in the Congressional Record. Establishes a World Peace Tax Fund Board of Trustees. Sets forth the membership structure and duties of the Board. Authorizes appropriations.
United States · United States Congress · 2 June 1983
Amends the Internal Revenue Code to provide that the amount of the charitable deduction allowable for expenses incurred in the operation of a highway vehicle will be determined in the same manner as the business expense deduction.
United States · United States Congress · 2 June 1983
Taxpayer Protection Act - Amends the Internal Revenue Code to subject the Internal Revenue Service (IRS), in the collection of taxes, to provisions of the Fair Debt Collection Practices Act regarding communication and harassment in connection with debt collection. Prohibits the publication of any tax deficiency which has not been adjudged to be payable by a competent court. Permits individual taxpayers to bring a civil action in a U.S. district court for damages resulting from collection practices prohibited by this Act. Requires a Federal court order before property of a taxpayer may be levied upon for the collection of tax. Specifies that a showing of fraud or malfeasance or a misrepresentation, for purposes of modifying or reconsidering a closing agreement between an individual taxpayer and the Secretary of the Treasury, shall be taken into account only if such a showing or misrepresentation is determined by a competent court. Prohibits the Secretary from consenting to extend for more than one year the period for assessment of the income tax liability of any individual taxpayer. Requires the Secretary to prepare, for distribution to taxpayers, brief but comprehensive statements which set forth in nontechnical terms: (1) the rights and obligations of taxpayers during an audit; (2) the procedures which the IRS may use in enforcing revenue laws; and (3) the procedures by which a taxpayer may appeal adverse decisions, prosecute refund claims, and file taxpayer complaints. Requires a copy of such statement to accompany any tax forms sent to taxpayers. Prescribes criminal penalties for: (1) any investigation by employees of the United States in connection with Federal tax laws which inquires into the beliefs, associations, or activities of any individual or organization; or (2) the maintenance of any records containing information derived from such an investigation. Creates a civil cause of action for any taxpayer aggrieved by a prohibited investigation or by the deprivation of any civil rights. Permits the award of a judgment of costs, including reasonable attorney's fees, to a prevailing taxpayer in any proceeding before the Tax Court. Makes binding on the Secretary : (1) a tax return prepared for the taxpayer by an officer or employee of the IRS acting in his official capacity to provide such assistance; and (2) written information or advice given to the taxpayer by such an officer or employee acting in his official capacity. Places the burden of proof, in administrative and judicial proceedings involving the IRS and a taxpayer, upon the IRS. Directs that all property of taxpayers, for purposes of the estate and gift tax, be valued at historical cost (original cost to the taxpayer or the basis of the property if it was not purchased). Prohibits the use in IRS personnel evaluations of amounts collected pursuant to audits or investigations. Precludes the Secretary from exercising any enforcement authority over churches or certain other organizations. Prohibits the audit of any group of taxpayers unless the Secretary has first met certain notice requirements or permitted members of the group to file an amended return. Sets forth conditions which must be met by the IRS before any action is taken to interfere with the property rights of a taxpayer. Requires the IRS, before securing the records of or personal data concerning any taxpayer, to: (1) notify the taxpayer in writing of the demand, the material sought, and the need for the material; (2) have commenced an action in a competent court against the taxpayer; and (3) have justified its need before the court consistent with the discovery rules of the Federal Rules of Civil Procedure. States that the IRS shall have no authority, in enforcing the tax obligations of any person, which conflicts with rights and privileges granted under the Constitution.
United States · United States Congress · 2 June 1983
Amends the Internal Revenue Code to allow an income tax credit for certain expenses paid for the higher and vocational education of the taxpayer or for another individual. Limits the amount of such income tax credit. Reduces the amount of such credit by one percent of the amount by which the adjusted gross income of the taxpayer exceeds $22,500.
United States · United States Congress · 2 June 1983
Higher Education Funding Act of 1983 - Amends the Internal Revenue Code to allow an income tax deduction for contributions to a higher education fund established by the taxpayer to pay for the higher education of his dependents. Limits the amount of the deduction to the least of: (1) $750 times the number of qualified beneficiaries; (2) 15 percent of the taxpayer's adjusted gross income; or (3) $7,500. Provides that a qualified education fund must be established by the taxpayer pursuant to a written plan: (1) which is designed to defray the cost of room, board, and tuition of one or more eligible beneficiaries at an institution of higher education; (2) which provides that no distribution shall be made by the fund (except upon termination) other than to, or on behalf of, eligible beneficiaries; (3) which provides that upon termination of the fund all assets of the fund shall be distributed to the taxpayer or to his estate; (4) which prohibits contributions to the fund in excess of amounts deductible; and (5) under which the taxpayer includes in gross income certain amounts attributable to the fund upon termination of such fund.
United States · United States Congress · 2 June 1983
Amends the Internal Revenue Code to allow an employer an income tax credit for the first 12 months of wages paid to a handicapped new employee.
United States · United States Congress · 2 June 1983
Taxpayers' Bill of Rights Act - Requires the Secretary of the Treasury to prepare, for distribution to taxpayers, brief but comprehensive statements which set forth in nontechnical terms: (1) the rights and obligations of taxpayers during an audit; (2) the procedures which the Internal Revenue Service (IRS) may use in enforcing revenue laws; and (3) the procedures by which a taxpayer may appeal adverse decisions, prosecute refund claims, and file taxpayer complaints. Requires a copy of such statement to accompany any tax forms sent to taxpayers. Amends the Internal Revenue Code to prescribe criminal penalties for: (1) any investigation by employees of the United States in connection with Federal tax laws which inquires into the beliefs, associations, or activities of any individual or organization which are not directly related to such tax laws; or (2) the maintenance of any records containing information derived from such an investigation. Creates a civil cause of action for any taxpayer aggrieved by a prohibited investigation or by the deprivation of any civil rights. Permits the award of a judgment of costs, including reasonable attorney's fees, to a prevailing taxpayer in any proceeding before the Tax Court. Requires the IRS, upon a taxpayer's request, to conduct any interview regarding a deficiency assessment in the taxpayer's residence or place of business, at a reasonable time convenient to the taxpayer. Requires the officer or employee conducting such interview to warn the taxpayer that: (1) he has a right to remain silent; (2) any statement he makes may be used against him; and (3) he has the right to the presence of an attorney. Exempts certain income producing property from levy for nonpayment of taxes. Makes binding on the Secretary: (1) a tax return prepared for the taxpayer by an officer or employee of the IRS acting in his official capacity to provide such assistance; and (2) information or advice given to the taxpayer by such an officer or employee acting in his official capacity. Directs the Comptroller General of the United States to establish, and to report annually to Congress on, a program to provide for a continuing audit and investigation of the efficiency, uniformity, and equity of the administration of the internal revenue laws of the United States. Places the burden of proof, in administrative and judicial proceedings involving the IRS and a taxpayer, upon the IRS. Directs that all property of taxpayers, for purposes of the estate and gift tax, be valued at historical cost (original cost to the taxpayer or the basis of the property if it was not purchased). Prohibits the use in IRS personnel evaluations of amounts collected pursuant to audits or investigations. Requires the annual audit of the tax returns of IRS revenue agents and tax auditors. Requires a court order before property of a taxpayer may be levied upon for the collection of tax.
United States · United States Congress · 2 June 1983
Expresses the sense of the House of Representatives that the changes in the Federal estate tax laws which were made by the Economic Recovery Tax Act of 1981 are vital to the continuation of the family farm and small business, and should not be repealed or amended.
United States · United States Congress · 1 June 1983
Amends the Internal Revenue Code to allow an income tax deduction for sewer taxes, rents, and similar sewer charges.
United States · United States Congress · 1 June 1983
Amends the Internal Revenue Code to allow an income tax deduction for real estate taxes imposed by State law on tenants. Extends such deduction to taxpayers who do not otherwise itemize their income tax deductions.