Taxation

Military Spouse Job Continuity Act of 2010

United States · United States Congress · 14 July 2010

Military Spouse Job Continuity Act of 2010 - Amends the Internal Revenue Code to allow the spouse of a member of the Armed Forces (military spouse) who moves with such member to another state under a permanent change of station order a tax credit for up to $500 of qualified relicensing costs incurred by such spouse. Defines "qualified relicensing costs" as costs for a state license or certification to engage in the profession that such military spouse engaged in while residing in the former state.

Hydropower Renewable Energy Development Act of 2010

United States · United States Congress · 13 July 2010

Hydropower Renewable Energy Development Act of 2010 - Includes hydroelectric energy generated in the United States by a hydroelectric facility within the definition of "renewable energy" for purposes of any federal program or standard. Amends the Internal Revenue Code to: (1) classify certain hydropower production facilities as a renewable resource for purposes of the tax credit for producing electricity from renewable resources; and (2) eliminate the one-half reduction in the tax credit rate for hydropower facilities.

Securing America's Future with Energy and Sustainable Technologies Act

United States · United States Congress · 13 July 2010

Securing America's Future with Energy and Sustainable Technologies Act - Amends the Clean Air Act to revise the renewable fuel program, including by: (1) revising the meaning of "advanced biofuel"; and (2) requiring the Administrator of the Environmental Protection Agency (EPA) to promulgate regulations that exempt from lifecycle greenhouse gas (GHG) emission requirements for advanced biofuel and biomass-based diesel up to the greater of 1 billion gallons or the volume or the program's volume mandate of biomass-based diesel annually from facilities that commenced construction before December 19, 2007. Sets forth provisions concerning emissions from indirect land use changes outside the country of origin of a renewable fuel's feedstock, including requiring the Administrator and the Secretary of Agriculture (USDA) to jointly arrange for the National Academies of Science to review and report on specified issues relating to indirect GHG emissions relating to transportation fuels. Sets forth provisions concerning modifying the definition of renewable biomass in the Clean Air Act and the Public Utility Regulatory Policies Act of 1978. Amends the Energy Policy Act of 2005 to allow the Secretary of Energy (DOE) to make loan guarantees for renewable fuel pipelines and the installation of sufficient infrastructure to allow for the cost-effective deployment of clean energy technologies to each region of the United States. Requires each light-duty automobile manufacturer's annual covered inventory to be comprised of at least 30% fuel choice-enabling automobiles by 2013, 50% by 2015, 80% by 2017, and 100% by 2021 and thereafter. Prohibits any fuel containing ethanol or a renewable fuel that is used to operate an internal combustion engine from being deemed to be a defective product or subject to a failure to warn due to such ethanol or renewable fuel content unless such fuel violates a control or prohibition imposed by the Administrator under the Clean Air Act. Authorizes appropriations for the Hollings Manufacturing Partnership Program. Amends the Internal Revenue Code to: (1) allow a new tax credit for the installation of blender pumps to store or dispense ethanol fuel blends; (2) exempt renewable wind energy facilities from restrictions on tax write-offs for passive losses and treat income and gains from wind energy as qualifying income for publicly-traded partnerships; (3) extend through 2015 income and excise tax credits for alcohol used as fuel; (4) extend through 2012 the income and excise tax credits for biodiesel and renewable diesel used as fuel; and (5) allow a business-related tax credit and payments in lieu of excise tax credit for renewable electricity integration. Amends the Public Utility Regulatory Policies Act of 1978 to require: (1) electric utilities to obtain a specified minimum annual percentage of electricity from renewable energy sources (increasing from 10% in 2013 to 25% in 2025); (2) the Secretary to establish a renewable energy credit trading program; (3) a state renewable energy account program to be established in the Treasury for providing grants to the state agency responsible for developing energy conservation plans for promoting renewable energy production; (4) the Secretary to establish a program which requires each retail electricity distributor to achieve specified cumulative energy savings (increasing from 1.5% in 2012 to 9.5% in 2020) and each retail natural gas distributor to demonstrate that it has achieved cumulative natural gas savings in each year; and (5) the Secretary to promulgate regulations establishing performance standards for both cumulative electricity savings and cumulative natural gas savings for 2021-2030 by December 31, 2015, and to promulgate regulations establishing such standards for subsequent years. Amends the Wind Energy Systems Act of 1980 to authorize appropriations to carry out wind energy research, development, and deployment through the Energy Efficiency and Renewable Energy Office of the Department of Energy.

Lifelong Learning Accounts Act of 2010

United States · United States Congress · 13 July 2010

Lifelong Learning Accounts Act of 2010 - Amends the Internal Revenue Code to: (1) establish tax-exempt lifelong learning accounts to pay certain educational expenses, including tuition, fees, books, supplies, and information technology devices required for the education of, or courses of instruction of, the account beneficiary; (2) allow individuals between ages 18 and 71 an income-based tax credit for cash contributions to their lifelong learning accounts; (3) exclude from employee gross income employer contributions to a lifelong learning account; and (4) allow employers a tax credit for contributions made to the lifelong learning accounts of their employees and for administrative costs associated with small employer lifelong learning accounts.

To amend the Federal Water Pollution Control Act to clarify Federal responsibility for stormwater pollution.

United States · United States Congress · 13 July 2010

Amends the Federal Water Pollution Control Act (commonly known as the Clean Water Act) to provide that reasonable service charges applicable to federal entities for water pollution include the same reasonable fees or assessments for stormwater management applicable to any nongovernmental entity. Provides that such a fee or assessment shall not be considered to be a tax or other levy subject to an assertion of sovereign immunity and may be paid using appropriated funds.

Senior Citizens Income Security Act of 2010

United States · United States Congress · 13 July 2010

Senior Citizens Income Security Act of 2010 - Amends the Internal Revenue Code to: (1) to replace the formula for including social security benefits in gross income for income tax purposes with the formula in existence prior to the enactment of the Omnibus Budget Reconciliation Act of 1993; (2) eliminate mandatory withdrawals from retirement accounts after age 70-1/2; (3) eliminate employment taxes on individuals receiving social security retirement and Medicare benefits; and (4) allow an exclusion from gross income, up to $250 ($500 for joint returns), for dividends, interest, and capital gains. Appropriates additional amounts to the Hospital Insurance Trust Fund to compensate for losses in revenue resulting from the revision of the formula for including social security benefits in gross income. Amends title II (Old-Age, Survivors, and Disability Insurance Benefits) of the Social Security Act to require the Secretary of Health and Human Services (HHS) to establish a procedure for allowing Medicare beneficiaries to waive Medicare entitlements and be automatically enrolled in the Medicare Alternative Voucher Program established by this Act.

Physician Payment and Therapy Relief Act of 2010

United States · United States Congress · 13 July 2010

Veterans', Seniors', and Children's Health Technical Corrections Act of 2010 - Amends the Patient Protection and Affordable Care Act (PPACA) to apply to elections made on and after enactment of PPACA the 12-month special Medicare part B (Supplementary Medical Insurance) enrollment period (under title XVIII [Medicare] of the Social Security Act [SSA]) for military retirees, their spouses (including widows/widowers), and dependent children, who are otherwise eligible for TRICARE (the health care plan under the Department of Defense [DOD]) and entitled to Medicare part A (Hospital Insurance) based on disability or end stage renal disease (ESRD), but who have declined Medicare part B (Supplementary Medical Insurance). Repeals the delay until FY2012 of the implementation of Version 4 of the Resource Utilization Groups (RUG-IV) for purposes of reimbursing skilled nursing facilities under Medicare. Allows RUG-IV to go into effect on October 1, 2010. Revises specified requirements for reallocating unused residency positions to qualifying hospitals for primary care residents, for purposes of payments to hospitals for graduate medical education (GME) costs, to apply them to hospitals which are members of the same affiliated group. Makes the reference level for each such hospital the reference resident level with respect to the cost reporting period that results in the smallest difference between such level and the otherwise applicable resident limit. Amends Public Health Service Act and SSA title XIX (Medicaid) to require the inclusion of orphan drugs for rare diseases or conditions among covered outpatient drugs under the 340B drug discount program (which limits the cost of covered outpatient drugs to certain federal grantees) for eligible children's hospitals. Makes technical corrections to SSA titles XIX and XXI (Children's Health Insurance Program) (CHIP). Repeals the requirement that Medicaid agencies exclude individuals or entities from participating in Medicaid for a specified period of time if the entity or individual owns, controls, or manages an entity that: (1) has failed to repay overpayments during a specified period; (2) is suspended, excluded, or terminated from participation in any Medicaid program; or (3) is affiliated with an individual or entity that has been suspended, excluded, or terminated from Medicaid participation. Delays until calendar 2014 the increase from 100% to 133% of the income official poverty line applicable to a family of the size involved of the income level the state is required to establish with respect to a Medicaid group containing children born after September 30, 1983 (or, at the option of a State, after any earlier date), who have attained six years of age but have not attained 19 years of age. Amends the Children's Health Insurance Program Reauthorization Act of 2009 with respect to the requirement that the Secretary of Health and Human Services (HHS) calculate or publish any national or state-specific error rate based on the application of the federal payment error rate measurement (PERM) requirements to CHIP. Declares that the Secretary of Health and Human Services is not required to calculate or publish a national or a state-specific error rate for FY2009 or FY2010. Revises requirements for CHIP coverage of the children of state employees as targeted low-income children. Repeals the requirement that the hardship exception in favor of such a child, where the annual aggregate amount of premiums and cost-sharing imposed for coverage of the child's family would exceed 5% of the family's income for the year involved, be determined only on a case-by-case basis. Revises requirements for calculation of the net average allowable costs of a state in the formula for determination of federal payments to states to encourage the adoption and use of certified electronic health record (EHR) technology. Makes appropriations to the Secretary of HHS for the Centers for Medicare and Medicaid Services Program Management Account with respect to Medicare claims reprocessing. Amends the Tax Relief and Health Care Act of 2006, as modified by other federal law, to extend through FY2011 section 508 hospital reclassifications. ("Section 508" refers to Section 508 of the Medicare Modernization Act of 2003, which allows the temporary reclassification of a hospital with a low Medicare area wage index, for reimbursement purposes, to a nearby location with a higher Medicare area wage index, so that the "Section 508 hospital" will receive the higher Medicare reimbursement rate.) Modifies amounts available to the Medicare Improvement Fund for expenditures from the Fund for services furnished during FY2014 and FY2015.

Smith-Mundt Modernization Act of 2010

United States · United States Congress · 13 July 2010

Smith-Mundt Modernization Act of 2010 - Amends the United States Information and Educational Exchange Act of 1948 to authorize the Secretary of State to provide for the preparation and dissemination of information intended primarily for foreign audiences abroad about the United States, including about its people, its history, and the federal government's policies, through press, publications, radio, motion pictures, the internet, and other information media, and through information centers and instructors. (Under current law such authority is restricted to information disseminated abroad, with a limited domestic exception.) Amends the Foreign Relations Authorization Act, Fiscal Years 1986 and 1987 to prohibit Department of State funds from being used to influence public opinion or propagandizing in the United States. (Under current law such provision applies to the United States Information Agency [USIA].) States that such provision shall: (1) not prohibit the Department from responding to inquiries about its operations, policies, programs, or program material, or making such information available to members of the media, public, or Congress; (2) not be construed to prohibit the Department from engaging in any medium of information on a presumption that a U.S. domestic audience may be exposed to program material; and (3) apply only to the Department and to no other federal department or agency.

Maritime Administration Authorization Act for Fiscal Year 2011

United States · United States Congress · 12 July 2010

Maritime Administration Authorization Act for Fiscal Year 2011 - Authorizes appropriations to the Secretary of Transportation (DOT) for FY2011 for the Maritime Administration for: (1) operations and training activities, including earmarks for U.S. Merchant Marine Academy capital improvements and maintenance and repair for State Maritime Schools training ships; (2) administrative expenses related to maritime guaranteed loan commitments; (3) the disposal of non-retention vessels in the National Defense Reserve Fleet; and (4) maintenance of a U.S.-flag merchant fleet. Revises the purposes of the United States Merchant Marine Academy to emphasize: (1) its status as an institution of higher education; and (2) maritime-related research and provision of other appropriate academic support, assistance, training, and activities to prepare individuals for service in the U.S. merchant marine. Requires the Secretary to report to Congress on the status of the nation's coastal and inland waterways infrastructure. Requires the Maritime Administration to assess, and report to Congress on, the potential for using container-on-barge transportation on the inland waterways system. Eliminates separate landside congestion mitigation projects from the short sea transportation program. Declares that certain maritime law limitations shall not affect the Maritime Administration's authority to dispose of National Defense Reserve Fleet vessels or shipyards for recycling. Authorizes the Maritime Administrator to establish a green ships program to identify, evaluate, demonstrate, or improve technologies likely to achieve environmental improvements through reduction of air or water emissions, improvement of fuel economy, or control of aquatic invasive species.

Electric Vehicle Advancement Act of 2010

United States · United States Congress · 1 July 2010

Electric Vehicle Advancement Act of 2010 - Amends the Internal Revenue Code, with respect to the tax credit for plug-in electric vehicles, to allow an increased tax credit for the purchase of qualified electric vehicles which are a 2- or 3-wheeled vehicles. Defines "2- or 3-wheeled vehicle" to include a vehicle: (1) with motive power having a seat, seats, or saddle for the use of the rider or riders and designed to travel on not more than 3 wheels in contact with the ground; (2) that has an electric motor that produces in excess of 5-brake horsepower; (3) that draws propulsion from 1 or more traction batteries; and (4) that has been certified to the Department of Transportation. Limits the number of such vehicles eligible for the credit based upon a phaseout period effective after the first 100,000 of such vehicles are manufactured.

ECOBAG Act of 2010

United States · United States Congress · 1 July 2010

Economic Credit Opportunity for Businesses Acting Green Act of 2010 or the ECOBAG Act of 2010 - Amends the Internal Revenue Code to allow retailers a tax credit for up to 15% of the amount paid to implement an at-store recycling program for one or more types of plastic carry-out bags, film plastic, and other types of plastic specified by Treasury regulations.

To amend the Internal Revenue Code of 1986 to provide tax incentives for the establishment of supermarkets in certain underserved areas.

United States · United States Congress · 1 July 2010

Amends the Internal Revenue Code to: (1) increase the rate of the rehabilitation tax credit for a supermarket building placed in service after December 31, 2010, and before January 1, 2013, in an underserved area (i.e., any enterprise community or empowerment zone and any renewal community); (2) increase by $1,000 the amount of wages paid to an employee of a supermarket in an underserved area that is eligible for the work opportunity tax credit; and (3) allow a business-related tax credit for 15% of the gross receipts from the retail sale of locally grown fresh fruits and vegetables in a supermarket in an underserved area.

To improve certain administrative operations of the Library of Congress, and for other purposes.

United States · United States Congress · 1 July 2010

Authorizes the Librarian of Congress to dispose of surplus or obsolete personal property of the Library of Congress by interagency transfer, donation, sale, trade-in, or other appropriate method. Requires proceeds from such disposition to be: (1) credited to the funds available for the Library's operations; and (2) made available to acquire the same or similar property during the fiscal year in which the amounts are received, including the following fiscal year. States that amounts appropriated or otherwise made available to the Librarian for a fiscal year for salaries and expenses of Library employees may be used by the Librarian to make payments under the student loan repayment program, on behalf of a Library employee, without regard to the source of the funds used to pay the employee's salary. Makes unobligated balances of expired appropriations made to the Library for fiscal years beginning with FY2011 available to the Librarian to make a specified mandatory deposit to the credit of the Employees' Compensation Fund.

National Border and Homeland Security Act of 2010

United States · United States Congress · 1 July 2010

National Border and Homeland Security Act of 2010 - Amends the Immigration and Nationality Act to give state criminal alien assistance program (SCAAP) funding priority to: (1) northern or southern border states; or (2) state political subdivisions having one of the four largest populations of unlawfully present aliens for the preceding fiscal year. Amends the Illegal Immigration Reform and Immigrant Responsibility Act of 1996 to direct the Secretary of Homeland Security (DHS) (Secretary) to complete the required 700 mile southwest border fencing by December 31, 2012. Amends the Secure Fence Act of 2006 to direct the Secretary to achieve operational control over U.S. international land and maritime borders by December 31, 2012. Directs the Secretary to: (1) increase the number of full-time, active-duty Border Patrol agents; (2) increase the number of Customs and Border Protection officers at U.S. ports of entry; and (3) ensure the implementaion of the automated entry and exit control system for aliens entering the United States at ports of entry (US-Visit) by December 31, 2011. Prohibits the Secretary of the Interior and the Secretary of Agriculture (USDA) from impeding border security-related activities by the Secretary on U.S. public lands. Sets forth activities that may be taken to increase the number of Operation Streamline prosecutions by the following U.S. district courts: (1) the District of Arizona; (2) the District of New Mexico (3) the Southern District of California (4) the Southern District of Texas; and (5) the Western District of Texas. Increases criminal penalties for improper U.S. entry by an alien. Excludes minimum mandatory prison penalties for an alien who: (1) is under 18 years old; (2) is a parent traveling with a child under 18 years old; or (3) has a life-threatening health condition. Amends the Homeland Security Act of 2002 to direct the Domestic Nuclear Detection Office (of DHS), in protecting the United States from a nuclear, fissile material, or radiological attack, to consider potential smuggling routes in land border areas between ports of entry, railcars entering the United States from Canada or Mexico, and private aircraft or small vessels. Directs the Secretary to procure the number of next generation portable radiation detectors (PRD) and radioactive isotope identification devices (RIID) required by the Border Patrol along the southern and northern U.S. borders by July 1, 2011. Authorizes appropriations for port security grants. Directs the Secretary to develop and implement a strategic plan to detect and interdict biological and chemical weapons entering the United States.

To amend the Internal Revenue Code of 1986 to provide a credit for investment in new or expanding small businesses.

United States · United States Congress · 1 July 2010

Amends the Internal Revenue Code to allow individual taxpayers a tax credit for 20% of their qualified small business investments. Defines "qualified small business investment" as any stock in a domestic corporation acquired at its original issue or any capital or profits interest in a domestic partnership if: (1) such stock or interest was acquired solely in exchange for cash; and either (2) such corporation or partnership has been in existence less than 2 years as of the date of such acquisition or such corporation or partnership had at least a 10% growth rate for each of the 2 years preceding such acquisition.

Gulf Oil Spill Recovery Act of 2010

United States · United States Congress · 1 July 2010

Gulf Oil Spill Recovery Act of 2010 - Amends the Internal Revenue Code to provide tax benefits in the Gulf Oil Spill Recovery Zone. Defines such Recovery Zone to include certain parishes in Louisiana and certain counties in Alabama, Florida, and Mississippi affected by the discharge of oil resulting from the explosion on, and sinking of, the mobile offshore drilling unit Deepwater Horizon (the Gulf Oil Spill). Provides for: (1) the issuance of tax-exempt Gulf Oil Spill Recovery Zone Bonds through 2015 to finance certain projects in the Recovery Zone; (2) additional low-income housing tax credit amounts in the Recovery Zone; (3) increased depreciation and expensing allowances for investment property placed in service in the Recovery Zone; (4) expensing of costs for the removal of debris from the Recovery Zone, the demolition of structures located in the Recovery Zone, and environmental remediation of contaminated sites in the Recovery Zone; (5) an extended five-year carryover period for net operating losses incurred in the Recovery Zone; (6) a tax credit to holders of Gulf Oil Spill Recovery Tax Credit Bonds; (7) a new markets tax credit for investment in community development entities in the Recovery Zone; and (8) the deductibility of casualty losses incurred by public utilities in the Recovery Zone. Excludes the value of employer-provided housing from the gross income of employees affected by the Gulf Oil Spill. Allows tax-free withdrawals up to $100,000 from retirement plans by individuals residing in the Recovery Zone and who sustained an economic loss by reason of the Gulf Oil Spill. Allows a business-related tax credit for wages paid to employees working in the Recovery Zone. Suspends through 2012 limitations on the tax deduction for charitable contributions to organizations involved in relief efforts related to the Gulf Oil Spill. Expands the availability of mortgage revenue bond financing for owner-occupied residences in the Recovery Zone. Authorizes the Secretary of the Treasury to extend the placed-in-service date for bonus depreciation of property located in the Recovery Zone.

Taxpayer Abuse Prevention Act

United States · United States Congress · 1 July 2010

Taxpayer Abuse Prevention Act - Amends the Internal Revenue Code to provide that advance payments of the earned income tax credit and the child tax credit are not transferable or assignable or subject to the claims of any creditors, except outstanding claims of the federal government. Prohibits: (1) the collection of a debt from a debtor's federal tax refund by means of a refund anticipation loan; and (2) mandatory arbitration as a condition of providing a refund anticipation loan. Terminates the Department of the Treasury Debt Indicator Program. Allows earned income tax credit benefits to be paid through electronic transfer accounts. Directs the Secretary of the Treasury to: (1) develop and implement a program to encourage the greater use of the advance earned income tax credit; and (2) enter into cooperative agreements with federally insured depository institutions to provide low- and moderate-income taxpayers with the option of establishing low-cost direct deposit accounts using appropriate tax forms.

To amend the Internal Revenue Code of 1986 to provide for the payment of recovery rebates on the basis of tax returns for 2007 notwithstanding the limitation on timing of payments where necessary to correct a manifest injustice.

United States · United States Congress · 1 July 2010

Amends the Internal Revenue Code to allow the Secretary of the Treasury to pay advance refunds or credits of 2008 recovery rebates after December 31, 2008, if necessary to correct a manifest injustice.

Main Street Fairness Act

United States · United States Congress · 1 July 2010

Main Street Fairness Act - Grants the consent of Congress to the Streamlined Sales and Use Tax Agreement (Agreement), the multistate agreement on sales and use tax collection and administration adopted on November 12, 2002. Authorizes each state that is a party to the Agreement (member state), after 10 states (comprising at least 20% of the total population of all states imposing a sales tax) have petitioned for and have become member states, to require all remote sellers not qualifying for the small seller exception to collect and remit sales and use taxes on remote sales owed to each such member state under the terms of the Agreement. Terminates such authority if the requirements of this Act cease to be satisfied or an amendment adopted to the Agreement is outside the scope of administration of sales and use taxes by the member states or is inconsistent with the provisions of this Act. Permits a federally recognized Indian tribe that imposes a generally applicable sales tax to petition to become a member state. Allows any person affected by the Agreement to petition the Governing Board established by the Agreement for a determination of any issue arising under the Agreement. Provides for judicial review of Governing Board determinations by the United States Court of Federal Claims and grants such Court exclusive jurisdiction over actions for judicial review. Sets forth minimum requirements for simplifying the administration of multistate sales and use taxation under the Agreement. Provides for judicial review of any civil action challenging the constitutionality of this Act by a panel of three judges of a U.S. District Court. Expresses the sense of Congress that each member state under the Agreement should work with other member states to prevent double taxation where a foreign country has imposed a transaction tax on a digital good or service.

Supporting efforts to retain the ban on the National Highway Traffic Safety Administration's (NHTSA) ability to lobby State legislators using Federal tax dollars and urging the NHTSA to focus on crash prevention and rider education and training.

United States · United States Congress · 1 July 2010

Supports efforts to retain the ban on the ability of the National Highway Traffic Safety Administration (NHTSA) to lobby state legislators using federal tax dollars. Recognizes the importance of motorcycle crash prevention as the primary source of motorcycle safety. Encourages NHTSA to: (1) focus on crash prevention and rider education as the most significant priorities in motorcycle safety; and (2) provide appropriate congressional committees a statement why it believes it is less important to focus on crash prevention, rider education and training, proper licensing, and reducing impaired riding than on mandating universal helmet use. Expresses the sense of the House of Representatives that any law that supersedes state laws regarding the use of helmets as it applies to denial of health coverage and benefits resulting from an injury sustained while riding a motorcycle should not be implemented.

Providing for consideration of the Senate amendments to the bill (H.R. 4899) making emergency supplemental appropriations for disaster relief and summer jobs for the fiscal year ending September 30, 2010, and for other purposes.

United States · United States Congress · 1 July 2010

Sets forth the rule for consideration of the Senate amendments to the bill (H.R. 4899) making emergency supplemental appropriations for disaster relief and summer jobs for the fiscal year ending September 30, 2010.

Amending the Rules of the House of Representatives respecting the treatment of earmarks in conferences between the House and the Senate.

United States · United States Congress · 1 July 2010

Amends Rule XXII (House and Senate Relations) to prohibit a conference report from including a modification of any congressional earmark or limited tax or tariff benefit committed to the conference committee by either or both chambers if that modification is beyond the scope of that specific matter as committed to such committee.

Hire A Hero Act of 2010

United States · United States Congress · 30 June 2010

Hire A Hero Act of 2010 - Amends the Internal Revenue Code to allow certain employers a work opportunity tax credit for hiring members of the Ready Reserve or National Guard.

End Big Oil Tax Subsidies Act of 2010

United States · United States Congress · 30 June 2010

End Big Oil Tax Subsidies Act of 2010 - Amends the Internal Revenue Code to require seven-year amortization of the geological and geophysical expenditures of covered large oil companies. Defines "covered large oil company" as a taxpayer which is a major integrated oil company or which has gross receipts in excess of $50 million in a taxable year. Denies certain tax benefits to any taxpayer that is not a small, independent oil and gas company, including: (1) the tax credits for producing oil and gas from marginal wells and for enhanced oil recovery; (2) expensing of intangible drilling and development costs in the case of gas wells and geothermal wells; (3) percentage depletion; (4) the tax deduction for qualified tertiary injectant expenses; (5) the exemption from limitations on passive activity losses; and (6) the tax deduction for income attributable to domestic production activities. Prohibits the use of the last-in, first-out (LIFO) accounting method by major integrated oil companies. Denies the election to expense the cost of refinery property which is used to process liquid fuel from tar sands, shale, or coal (including lignite).

Digital Goods and Services Tax Fairness Act of 2010

United States · United States Congress · 30 June 2010

Digital Goods and Services Tax Fairness Act of 2010 - Prohibits a state or local jurisdiction from imposing multiple or discriminatory taxes on or with respect to the sale or use of digital goods or services delivered or transferred electronically to a customer. Restricts taxation of digital goods and services to the retail sale of such goods and services and by the jurisdiction encompassing a customer's tax address. Prohibits the use of existing regulations or administrative rulings relating to the taxation of tangible personal property or other services to impose any tax on the sale or use of digital goods or services. Prohibits taxation on or with respect to the sale or use of digital medical, education, or energy management services. Provides that if charges for digital goods and services are not separately stated from charges for other goods or services, the charges for digital goods and services may be taxed at the same rate and on the same basis as charges for other goods and services unless the seller can reasonably identify the charges for digital goods and services from its business records. Grants jurisdiction to federal district courts to prevent a violation of this Act. Expresses the sense of Congress that each state shall take reasonable steps to prevent multiple taxation of digital goods and services where a foreign country has imposed a tax on such goods and services.

Providing for budget enforcement for fiscal year 2011.

United States · United States Congress · 30 June 2010

Increases the allocation for new discretionary budget authority to the Committee on Appropriations, in addition to amounts allocated under S.Con.Res 13 (FY2010 congressional budget resolution), for program integrity initiatives listed in such resolution. Specifies for FY2011 new discretionary budget authority, discretionary outlays, new mandatory budget authority, and mandatory outlays. Requires the discretionary spending enforcement provisions of S.Con.Res. 13 to remain in force and effect in the House of Representatives, except that the references to the point of order against advance appropriations to FY2010-FY2011 shall be references to FY2011-FY2012. Authorizes the chairman of the Committee on the Budget to exclude the effect of any current policy adjustment under the Statutory Pay-As-You-Go (PAYGO) Act of 2010 from a determination of the budgetary effects of any provision in legislation. Expresses the sense of the House on deficit reduction. Declares that, upon enactment of legislation containing recommendations in the final report of the National Commission on Fiscal Responsibility and Reform that decreases the deficit for either time period provided in Rule XXI, the chairman of the Committee on the Budget shall, for the purposes of the PAYGO Act, exclude any net deficit reduction from his determination of the budgetary effects of such legislation in order to ensure that the deficit reduction achieved by that legislation is used only for deficit reduction and is not available as an offset for any subsequent legislation. Declares that nothing in this resolution shall be construed to engage Rule XXVIII (Statutory Limit on Public Debt).

Providing for budget enforcement for fiscal year 2011.

United States · United States Congress · 30 June 2010

Increases the allocation for new discretionary budget authority to the Committee on Appropriations, in addition to amounts allocated under S.Con.Res 13 (FY2010 congressional budget resolution), for program integrity initiatives listed in such resolution. Specifies for FY2011 new discretionary budget authority, discretionary outlays, new mandatory budget authority, and mandatory outlays. Requires the discretionary spending enforcement provisions of S.Con.Res. 13 to remain in force and effect in the House of Representatives, except that the references to the point of order against advance appropriations to FY2010-FY2011 shall be references to FY2011-FY2012. Amends Rule XXI (Restrictions on Certain Bills) of the Rules of the House to allow a point of order against consideration of legislation if its provisions affecting direct spending and revenues have the net effect of increasing the on-budget deficit or reducing the on-budget surplus for either the period comprising: (1) the current year, the budget year, and the four years following that budget year; or (2) the current year, the budget year, and the nine years following that budget year. Authorizes the chairman of the Committee on the Budget to exclude the effect of any current policy adjustment under the Statutory Pay-As-You-Go (PAYGO) Act of 2010 from a determination of the budgetary effects of any provision in legislation. Expresses the sense of the House on deficit reduction. Declares that, upon enactment of legislation containing recommendations in the final report of the National Commission on Fiscal Responsibility and Reform that decreases the deficit for either time period provided in Rule XXI, the chairman of the Committee on the Budget shall, for the purposes of the PAYGO Act, exclude any net deficit reduction from his determination of the budgetary effects of such legislation in order to ensure that the deficit reduction achieved by that legislation is used only for deficit reduction and is not available as an offset for any subsequent legislation. Declares that nothing in this resolution shall be construed to engage Rule XXVIII (Statutory Limit on Public Debt).

Homebuyer Assistance and Improvement Act of 2010

United States · United States Congress · 29 June 2010

Homebuyer Assistance and Improvement Act of 2010 - Amends the Internal Revenue Code to: (1) extend eligibility for the first-time homebuyer tax credit until September 30, 2010, for taxpayers who entered into a binding contract to purchase a principal residence before May 1, 2010; (2) extend the penalty for tendering a bad check to the Internal Revenue Service to tendering any instrument in payment, by any commercially acceptable means; and (3) authorize the Secretary of the Treasury to disclose prisoner tax return information to state agencies charged with the responsibility for administration of prisons. Amends the Immigration and Nationality Act to extend through FY2015 the authority of the Secretary of Homeland Security (DHS) to collect a fee for the use of the electronic travel authorization system. Amends the Travel Promotion Act of 2009 to extend the implementation of such Act until after the collection of fees for use of the electronic travel authorization system and extend until FY2015 the authority of the Secretary of the Treasury to transfer such fees to the Corporation for Travel Promotion. Provides for compliance of the budgetary effects of this Act with the Statutory Pay-As-You-Go Act of 2010.

To amend the Internal Revenue Code of 1986 to exclude executive branch officers and employees from nonrecognition rules relating to the sale of property to comply with conflict-of-interest requirements.

United States · United States Congress · 29 June 2010

Amends the Internal Revenue Code to exclude executive branch officers and employees from provisions that allow nonrecognition for income tax purposes of gain from the sale of property required to comply with federal conflict of interest laws.

Manufacturing and Energy Enhancement Act

United States · United States Congress · 29 June 2010

Manufacturing and Energy Enhancement Act - Amends the Internal Revenue Code to: (1) increase to $7.3 billion the total amount of credits that may be allocated under the qualifying advanced energy project program; and (2) extend for six months after the enactment of this Act the application period for certification under such program.

Stop Outsourcing and Create American Jobs Act of 2010

United States · United States Congress · 29 June 2010

Stop Outsourcing and Create American Jobs Act of 2010 - Directs the Secretary of the Treasury to develop and publish a list of countries that are tax havens for corporations. Amends the Internal Revenue Code to increase the penalties on corporations for: (1) underpayment of tax involving an undisclosed foreign financial asset located in a tax haven country; (2) reportable transaction understatements involving transactions in a tax haven country; and (3) fraud, tax evasion, or false statements involving transactions in a tax haven country. Grants a preference in the award of federal contracts to contractors who have not engaged in outsourcing. Defines "outsourcing" as the laying off of a U.S. worker from a job and the hiring or contracting for the same job to be performed in a foreign country. Requires revenues generated by this Act to be set aside for the reduction of the public debt.

Waiving a requirement of clause 6(a) of rule XIII with respect to consideration of certain resolutions reported from the Committee on Rules, and for other purposes.

United States · United States Congress · 29 June 2010

Waives a specified requirement of Rule XIII (Calendar and Committee Reports) to allow consideration or disposition of the following legislation on the same day it is presented to the House: (1) a conference report to accompany H.R. 4173 (Restoring American Financial Stability Act of 2010); and (2) a measure that includes a subject matter addressed by H.R. 4213 (American Jobs and Closing Tax Loopholes Act of 2010) or any amendment pertaining to it. Makes it in order: (1) at any time through the legislative day of July 3, 2010, for the Speaker to entertain motions that the House suspend the rules; and (2) without intervention of any point of order to consider concurrent resolutions providing for adjournment during July.

Airport and Airway Extension Act of 2010, Part II

United States · United States Congress · 28 June 2010

Airport and Airway Extension Act of 2010, Part II - Amends the Internal Revenue Code to extend through August 1, 2010: (1) increased excise taxes on aviation fuels and the excise tax on air transportation of persons and property; and (2) the expenditure authority for the Airport and Airway Trust Fund. Increases the authorization of appropriations for FY2010 for airport planning and development and noise compatibility planning projects. Extends through August 1, 2010, the authority of the Secretary of Transportation to make airport improvement project (AIP) grants. Extends through August 1, 2010: (1) the pilot program for passenger facility fee authorizations at non-hub airports; and (2) disclosure requirements for large and medium hub airports applying for AIP grants. Directs the Secretary of Transportation to extend through August 1, 2010, the termination date of insurance coverage for domestic or foreign-flag aircraft. Grants the Secretary discretionary authority to further extend such coverage through October 31, 2010. Extends through August 1, 2010: (1) grant eligibility for airports located in the Marshall Islands, Micronesia, and Palau; (2) grants to state and local governments for land use compatibility projects under the AIP; and (3) authority for approving an application of the Metropolitan Washington Airports Authority for an airport development project grant or for permission to impose a passenger facility fee. Amends the Vision 100--Century of Aviation Reauthorization Act to extend through August 1, 2010: (1) the temporary increase to 95% of the federal government's share of certain AIP project costs; and (2) funding for airport development at Midway Island Airport. Extends through August 1, 2010, and increases for the period beginning on October 1, 2009, the authorization of appropriations for: (1) Federal Aviation Administration (FAA) operations; (2) air navigation facilities and equipment; and (3) civil aviation research and development.

Protecting Human Space Flight Act of 2010

United States · United States Congress · 28 June 2010

Protecting Human Space Flight Act of 2010 - Requires amounts appropriated for FY2010 (or for prior fiscal years that remain available) to the National Aeronautics and Space Administration (NASA) for the Constellation Program to be spent only to carry out such program, including through contracts and necessary support activities. Prohibits the termination or descoping of contracts for the Constellation Program. Requires NASA to spend at least 90% of all such funds by September 30, 2010.

To amend the Internal Revenue Code of 1986 to repeal the medical device tax, and for other purposes.

United States · United States Congress · 28 June 2010

Repeals the excise tax on medical devices enacted by the Health Care and Education Reconciliation Act of 2010. Rescinds the unobligated balance of the discretionary appropriations made available by the American Recovery and Reinvestment Act of 2009.

Home Energy Conservation Act of 2010

United States · United States Congress · 28 June 2010

Home Energy Conservation Act of 2010 - Amends the Internal Revenue Code to allow the issuance of tax-exempt home energy conservation bonds to finance qualified residential energy efficiency assistance grants and loans and extend such grants and loans to low and very-low income taxpayers. Imposes a national home energy conservation bond limitation amount of $2.4 billion and allocates such amount to states in proportion to state population. Defines "qualified residential energy efficiency assistance grants and loans" as any grant or loan to acquire: (1) any property which meets (at a minimum) the requirements of the Energy Star program or the Water Sense program and which is to be installed in a dwelling unit; and (2) any improvement to a dwelling unit made under a plan which is developed by a Residential Energy Services Network, Building Performance Institute, or equivalent energy efficiency expert and is certified by such expert as resulting in at least a 20% reduction in total household energy consumption related to heating, cooling, lighting, and appliances. Imposes dollar limitations on such grants and loans and excludes certain types of property from such grant and loan program, including equipment used in connection with a swimming pool or hot tub, any television, any device for converting a digital signal to analog, any DVD player, video cassette recorder, audio equipment, cordless phone, or other property where there is a substantial recreational use.

Geothermal Energy Investment Act of 2010

United States · United States Congress · 28 June 2010

Geothermal Energy Investment Act of 2010 - Amends the Internal Revenue Code to allow through 2016 a 30% energy tax credit for investment in geothermal energy property.

Supporting the goals and ideals of "National Save for Retirement Week", including raising public awareness of the various tax-preferred retirement vehicles and increasing personal financial literacy.

United States · United States Congress · 28 June 2010

Supports the the goals and ideals of National Save for Retirement Week, including raising public awareness of: (1) tax-preferred retirement vehicles for personal savings and retirement financial security; (2) the availability of a variety of ways to save for retirement favored under the Internal Revenue Code; and (3) saving for retirement and the availability of tax-preferred employer-sponsored retirement savings vehicles.

Next Generation Energy Security Act of 2010

United States · United States Congress · 24 June 2010

Next Generation Energy Security Act of 2010 - Amends provisions of the Internal Revenue Code relating to natural gas and alternative fuels, nuclear energy, and renewable energy. New Alternative Transportation to Give Americans Solutions Act of 2010 - Amends the Internal Revenue Code to: (1) extend through December 31, 2019, the alternative fuel excise tax credit for fuels and fuel mixtures involving compressed or liquefied natural gas, the alternative motor vehicle income tax credit for vehicles powered by compressed or liquefied natural gas, the tax credit for alternative fuel refueling property for property relating to electricity, and the energy tax credit and the tax credit for the production of electricity from renewable resources; (2) allow an offset against the regular and alternative minimum tax (AMT) for alternative motor vehicle and refueling property tax credit amounts and provide for the transferability of credit amounts; (3) allow through December 31, 2019, the issuance of tax-exempt natural gas vehicle bonds to finance natural gas vehicle projects; (4) increase the alternative motor vehicle tax credit for the purchase of vehicles fueled by compressed natural gas or liquefied natural gas; (5) modify the definition of a new qualified alternative fuel motor vehicle to include a vehicle that is capable of operating on compressed or liquefied natural gas and gasoline or diesel fuel; (6) allow expensing of the cost of manufacturing facility property used to produce vehicles fueled by compressed natural gas or liquefied natural gas; (7) increase and extend through December 31, 2019, the tax credit for alternative fuel vehicle refueling properties for vehicles using compressed or liquefied natural gas; (8) allow accelerated depreciation of advanced nuclear power facilities; (9) allow new tax credits for investment in nuclear power facility construction and for costs related to such construction; (10) make nuclear power facilities eligible for the qualifying advanced energy project tax credit; (11) increase and extend through 2030 the tax credit for production of electricity from advanced nuclear power facilities; (12) allow a new tax credit for the creation of jobs in the commercial nuclear power industry; and (13) increase the number of plug-in electric vehicles eligible for a tax credit. Requires federal agencies to purchase dedicated alternative fuel vehicles when complying with mandatory federal fleet alternative fuel vehicle purchase requirements, unless such agencies can show that alternative fuel is unavailable or purchasing such vehicles would be impractical. Directs the Secretary of Energy to make grants to manufacturers of light duty and heavy duty natural gas vehicles for the development of energy-efficient engines. Expresses the sense of the Senate that the Environmental Protection Agency (EPA) should streamline the process for certification of natural gas vehicle retrofit kits. Nuclear Energy Expansion Act of 2010 - Expresses the sense of the Senate that Congress should adopt an energy policy that encourages the construction of new nuclear power plants beginning in 2010 through at least 2030. Requires the use of grant funds for five-year periods beginning on January 1, 2012, to increase the number and amounts of nuclear science talent expansion and competitiveness grants, support science primary and secondary education, and expand workforce training in the nuclear energy industry. Directs the Nuclear Regulatory Commission (NRC) to establish and implement an expedited procedure for issuing combined construction and operating licenses for qualified new nuclear reactors. Increases funding for the Department of Energy (DOE) Innovative Technology Loan Guarantee Program. Amends the Energy Policy Act of 2005 to expand the authority of the Secretary of Energy to cover the cost of delays in the full power operation of nuclear power plants. Amends the Harmonized Tariff Schedule of the United States to extend the suspension of duties on watertube boilers, reactor vessel heads, and pressurizers for use in nuclear reactors. Amends the Atomic Energy Act to authorize the Secretary of Energy to: (1) purchase, lease, or access facilities for nuclear fuel management purposes, including for storage, processing, or fuel fabrication involving materials containing plutonium; and (2) enter into agreements with local governments for locating used fuel storage facilities. Declares it the policy of the United States to recycle used nuclear fuel to advance energy independence, maximize the energy potential of nuclear fuel in a poliferation-resistant manner, and reduce the volume and toxicity of high-level radioactive waste. Authorizes the Secretary to enter into partnerships with private industry for nuclear fuel recycling. Directs the Secretary to: (1) designate commercial used nuclear fuel treatment and recycling centers; and (2) establish a Next Generation Reactor System demonstration project. Amends the Energy Independence and Security Act of 2007 to require the Secretary to: (1) analyze and assess the recharging infrastructure for plug-in electric drive vehicles; and (2) establish a program to support the deployment and integration of plug-in electric drive vehicles in multiple regions of the United States. Provides for the transfer of unobligated amounts under the American Recovery and Reinvestment Act of 2009 to cover revenue losses resulting from the enactment of this Act.

Responsible Estate Tax Act

United States · United States Congress · 24 June 2010

Responsible Estate Tax Act - Repeals provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) eliminating the tax on estates and generation-skipping transfers and the step-up in basis provisions for property acquired from a decedent for estates of decedents dying after 2009 (thus restoring prior law). Declares that the sunset provision (general terminating date of December 10, 2010) of EGTRRA shall not apply to title V of such Act ( Estate, Gift, and Generation-Skipping Transfer Tax Provisions). Amends the Internal Revenue Code to: (1) revise estate tax brackets for estates over $750,000 and impose a maximum tax rate of 55% on estates over $50 million; (2) impose a 10% surtax on estates over $500 million; (3) increase to $3 million the reduction in valuations of farmland for estate tax puposes; (4) increase to $2 million the maximum estate tax exclusion for contributions of conservation easements; (5) require executors of estates to file information returns and provide valuations and consistent basis information to persons acquiring property from decedents or by gift; (6) set forth estate valuation rules for certain transfers of nonbusiness assets and limit estate tax discounts for certain individuals with minority interests in a business acquired from a decedent; and (7) revise rules for valuing assets in grantor retained annuity trusts to require that the right to receive fixed amounts from an annuity last for a term of not less than 10 years, that such fixed amounts not decrease during the first 10 years of the annuity term, and that the remainder interest have a value greater than zero when transferred.

Oil Spill Tax Relief Act of 2010

United States · United States Congress · 24 June 2010

Oil Spill Tax Relief Act of 2010 - Treats as a qualified disaster for income tax purposes the explosion on and sinking of the mobile offshore drilling unit Deepwater Horizon and the discharge of oil in the Gulf of Mexico caused by such explosion and sinking. Excludes from gross income, for income tax purposes, compensation paid by BP, PLC to the victims of such disaster.

Employee Educational Assistance Act of 2010

United States · United States Congress · 24 June 2010

Employee Educational Assistance Act of 2010 - Renders the general terminating date (i.e., December 31, 2010) of the Economic Growth and Tax Relief Reconciliation Act of 2001 inapplicable to provisions of that Act that extended the exclusion of employer-provided educational assistance from the gross income of employees (thus making such tax exclusion permanent).

Gulf Coast Access to Savings Act of 2010

United States · United States Congress · 24 June 2010

Gulf Coast Access to Savings Act of 2010 - Amends the Internal Revenue Code to allow tax-free distributions, up to $50,000 in any taxable year, from retirement plans on or after April 20, 2010, and before January 1, 2011, for individuals whose principal place of abode is in Florida, Alabama, Mississippi, Louisiana, or Texas and who sustained an economic loss caused by the explosion on and sinking of the Deepwater Horizon offshore drilling unit, the resulting discharge of oil in the Gulf of Mexico, or the effects of such discharge on the economy in the affected areas. Provides tax incentives for the use of distributions by individuals in affected states to make home purchases. Increases to $100,000 the amount which may be borrowed without penalty from an employer benefit plan by individuals in affected states.

DEPARTMENT OF DEFENSE APPROPRIATIONS FOR FISCAL YEAR 2011

United States · United States Senate · 23 June 2010

To amend the Internal Revenue Code of 1986 to make qualified biogas property eligible for the energy credit and to permit new clean renewable energy bonds to finance qualified biogas property.

United States · United States Congress · 23 June 2010

Amends the Internal Revenue Code to allow: (1) an energy tax credit through 2016 for investment in qualified biogas property; and (2) financing of qualified biogas property with new clean renewable energy bonds. Defines "qualified biogas property" as property comprising a system which uses anaerobic digesters to convert biomas into a gas which consists of not less than 52% methane and which captures such gas for use as a fuel. Directs the Secretary of the Treasury to enter into an agreement with the National Renewable Energy Laboratory to undertake a study of biogas and to submit a report to Congress on such study.

Private Property Rights Protection and Government Accountability Act

United States · United States Congress · 23 June 2010

Private Property Rights Protection and Government Accountability Act - Makes any state or political subdivision thereof that carries out a public taking for any private purpose in or affecting interstate commerce ineligible for any federal economic development funds for ten fiscal years. Entitles any owner of private property subject to such a taking to injunctive and declaratory relief.

Requesting return of official papers on H.R. 5136.

United States · United States Congress · 23 June 2010

Directs the Clerk of the House of Representatives to request the Senate to return to the House H.R. 5136 (National Defense Authorization Act for Fiscal Year 2011).

Providing that the House of Representatives should pass a budget resolution for a fiscal year before the House considers any appropriation bill for that year.

United States · United States Congress · 23 June 2010

Expresses the sense of the House of Representatives that before Congress considers any appropriation bill for a particular fiscal year, the House should first pass a budget resolution for that year.

Making Work and Marriage Pay Act of 2010

United States · United States Congress · 22 June 2010

Making Work and Marriage Pay Act of 2010 - Establishes the National Commission on Effective Marginal Tax Rates for Low-Income Families to study, report, and make recommendations on policy changes to mitigate the impact of the effective marginal tax rate and of phaseouts in federal benefits on low-income earners and their families.

SWEEP Act

United States · United States Congress · 22 June 2010

Stop Waste by Eliminating Excessive Programs Act of 2010 or the SWEEP Act - Declares that it shall not be in order in the House of Representatives or the Senate to consider any legislation that authorizes a program unless it provides budget authority for the program for 10 or fewer fiscal years. Requires a federal agency to make the program performance report for each program under its control available to Congress upon request. Establishes the Federal Program Sunset Commission, which shall: (1) submit to Congress a report analyzing the interaction between authorizing legislation and appropriations legislation and the effects of such interaction; (2) establish a schedule to review each activity or project (program) listed in the program and financing schedules of the annual federal budget every 10 years; (3) conduct a review of the efficiency of operation and public need for each such program according to that schedule; and (4) annually report to Congress on the programs reviewed, including recommendations regarding whether each program should be abolished or reorganized and whether the functions of any programs should be consolidated, transferred, or reorganized in an agency or among agencies and proposals for appropriate administrative or legislative action. Terminates the Commission 11 years after this Act's enactment unless reauthorized. Requires the Comptroller General: (1) in cooperation with the Director of the Congressional Research Service (CRS), to submit to Congress and update annually an inventory of all federal programs, with budgetary information to be provided by the Director of the Congressional Budget Office (CBO); and (2) organize the inventory by program areas that are reflective of national needs and agency missions and that are appropriate for the exercise of the review requirements of this Act. Requires the Comptroller General, the Director of CRS, and the Director of CBO to permit the mutual exchange of information that would aid in inventory compilation. Sets forth requirements for, and procedures for congressional consideration of, proposed legislation to abolish programs.