Skip to content
PoliticalRepoPoliticalRepo

Subjects · United States

Taxation

Records whose title is actually about this topic. Use a country filter if the list is still too broad.

401 records in US in 1975

All countriesUnited States · 53,051European Union · 5,204Ireland · 4,382Austria · 4,155United Kingdom · 3,280France · 2,309Germany · 1,779Netherlands · 865Belgium · 1Search this topic

Records

Resolution· HRESH.Res. 625 (94th)passed

Resolution waiving points of order against H.R. 8773. A bill making appropriations for the Department of the Interior and related agencies for fiscal year 1976 and the period ending September 30, 1976.

United States · United States Congress · 22 July 1975

Waives points of order against specified provisions of the bill (H.R. 8773) making appropriations for Department of the Interior and related agencies for the fiscal year 1976 and the period ending September 30, 1976.

Resolution· HRESH.Res. 623 (94th)reported

Resolution providing for the consideration of H.R. 4699. A bill to authorize appropriations for fiscal years 1976 and 1977 for carrying out the Board for International Broadcasting Act of 1973.

United States · United States Congress · 22 July 1975

Provides that upon the adoption of this resolution it shall be in order to move that the House resolve itself into the Committee of the Whole House on the State of the Union for the consideration of the bill (H.R. 4699) to authorize appropriations for fiscal years 1976 and 1977 for carrying out the Board for International Broadcasting Act of 1973. Directs that after general debate, which shall be confined to the bill and shall continue not to exceed one hour, to be equally divided and controlled by the chairman and ranking minority member of the Committee on International Relations, the bill shall be read for amendment under the five-minute rule. States that at the conclusion of the consideration of the bill for amendment, the Committee shall rise and report the bill to the House with such amendments as may have been adopted, and the previous question shall be considered as ordered on the bill and amendments thereto to final passage without intervening motion except one motion to recommit.

Bill· SS. 2149 (94th)referred

A bill to amend the Internal Revenue Code of 1954, and the Tax Reduction Act of 1974, to make permanent certain changes made by such act in the Internal Revenue Code which affect small businesses.

United States · United States Congress · 21 July 1975

Makes permanent specified amendments to the Internal Revenue effected by the Tax Reduction Act of 1975, including: (1) the increase from $50,000 to $100,000 on the dollar limitation on used property; (2) the increase in the corporate surtax exemption from $25,000 to $50,000; and (3) the reduction in the normal corporate tax rate from 22 percent to 20 percent on the first $25,000 of net income.

Bill· HRH.R. 8737 (94th)referred

A bill to provide for rearranging the period for averaging business profits and losses, to prohibit the trafficking in net operating loss carry-forwards, and for other purposes.

United States · United States Congress · 18 July 1975

Authorizes the taxpayer, under the Internal Revenue Code, to elect to carryback any net operating loss for a number of taxable years equal to which such loss could have been carried forward. Provides that such election may be revoked by the taxpayer at any time within 60 months after the close of the taxable year in which the election was made. Requires taxpayers using the election authorized by this Act, if he or she is obligated to repay any loan guaranteed by the Emergency Loan Guarantee Board, to pay the amount of any refund to the lender on such a loan. Authorizes, in cases of corporate reorganizations, acquiring corporations to use operating losses of loss corporations to the extent that the taxable income of the acquiring corporation is attributable to one or more trades or businesses conducted by the acquiring corporation substantially the same as such trades or businesses were conducted by the loss corporation prior to such reorganization.

Bill· HRH.R. 8736 (94th)referred

A bill to amend section 174 of the Internal Revenue Code of 1954 to make clear that product development and improvement costs of publishers are research or experimental expenditures and to prohibit the retroactive application of Revenue Ruling 73-395.

United States · United States Congress · 18 July 1975

Provides, under the Internal Revenue Code, that product development and improvement (including writing, editing, compiling, illustrating, and designing) costs of publishers are research or experimental expenditures. Prohibits the retroactive application of Revenue Ruling Numbered 73-395.

Resolution· HRESH.Res. 608 (94th)referred

Resolution to clarify that the individual income tax rebate provided by the Tax Reduction Act of 1975, Public Law 94-12 is intended not to be subject to State income taxes.

United States · United States Congress · 18 July 1975

States that the House of Representatives intends that the individual income tax rebate provided by the Tax Reduction Act of 1975 is not to be subject to State income tax and that the rebates do not involve any reduction in the taxpayer's Federal income tax liability as such for 1974 nor do they constitute income to the taxpayer.

Bill· HRH.R. 8702 (94th)referred

A bill to amend the Internal Revenue Code of 1954 to provide an exemption from income taxation for condominium housing associations and certain homeowners associations and to tax the unrelated business income of such organizations.

United States · United States Congress · 17 July 1975

Provides an exemption from income taxation under the Internal Revenue Code for non-profit condominium housing associations and homeowners' associations to the extent that the income does not inure to the benefit of any particular member and is not derived from business purposes unrelated to the preservation, maintenance, and management of the common areas and facilities owned by such organization.

Bill· HRH.R. 8707 (94th)referred

A bill to amend the Internal Revenue Code of 1954 to increase the amount of dividends which may be excluded from gross income to $1,000 in the case of certain individuals who have attained age 62 or $500 in the case of other taxpayers.

United States · United States Congress · 17 July 1975

Increases the amount of dividends which may be excluded from gross income under the Internal Revenue Code to $1,000 in the case of individuals who have attained age sixty-two and received retirement income during the taxable year, or $500 in the case of other taxpayers.

Bill· SS. 2124 (94th)referred

A bill to amend the Tax Reduction Act of 1975.

United States · United States Congress · 16 July 1975

Provides that that portion of the Tax Reduction Act of 1975 relating to the taxation of minimum distributions by controlled foreign corporations shall only apply to taxable years beginning after January 1, 1976.

Bill· HRH.R. 8666 (94th)referred

A bill to amend the Internal Revenue Code of 1954 to provide an exemption from income taxation for certain income of condominium housing associations, homeowner associations, and cooperative housing corporations.

United States · United States Congress · 16 July 1975

Provides, under the Internal Revenue Code, an exemption from income taxation for specified income of condominium housing associations, homeowner associations, and cooperatve housing corporations operated for the management, maintenance, landscaping, and repair of common areas and dwellings.

Bill· SS. 2120 (94th)referred

A bill to amend the Internal Revenue Code of 1954 to encourage the conservation of gasoline by increasing the Federal excise tax on gasoline and to provide a tax credit which is refundable without regard to liability for am amount equal to the amount of increased tax which would be paid on 350 gallons of gasoline per person.

United States · United States Congress · 15 July 1975

Increases the Federal excise tax, under the Internal Revenue Code, on gasoline. Provides a tax credit which is refundable without regard to liability for an amount equal to the amount of increased tax which would be paid on 350 gallons of gasoline per person.

Bill· HRH.R. 8649 (94th)referred

A bill to amend title XX of the Social Security Act to provide that no State shall be required to apply a means test, or limit benefits on the basis of federally prescribed income levels, in determining the individuals for whom education, transportation, recreation, socialization, or associated services may be provided thereunder, if such services are provided in a manner consistent with certain specified State programs.

United States · United States Congress · 15 July 1975

Provides under title XX of the Social Security Act (Grants to States for Services) that none of the limitations on payments to States shall apply with respect to expenditures made by a State for the provision of education, transportation, recreation, socialization, or associated services, if such services are provided consistent with the State plan approved under the Older Americans Act or the State law relating to multipurpose senior centers.

Bill· HRH.R. 8659 (94th)referred

A bill to amend the Internal Revenue Code of 1954 to increase the amount of retirement income which may be taken into account for the retirement income credit to provide cost-of-living adjustments of such increased amount, and for other purposes.

United States · United States Congress · 15 July 1975

Increases to $3600 the amount of retirement income which may be taken into account for the retirement income credit for calendar year 1975 (to be increased relative to increases in the Consumer Price Index for each calendar year thereafter).

Bill· HRH.R. 8625 (94th)referred

A bill to amend the Internal Revenue Code to encourage the continuation of family farms, and to provide that farmland, woodland, or open land which comprises part of an estate may be valued, for estate tax purposes as such rather than at its fair market value, and to provide that real property which is listed on the National Register of Historic Places may be valued, for estate tax purposes at its value for its existing use, and to provide for the revocation of such lower evaluation and recapture of unpaid taxes with interest in appropriate circumstances.

United States · United States Congress · 14 July 1975

Exempts from the estate tax imposed under the Internal Revenue Code the lesser of: (1) $200,000 and (2) the value of the decedent's interest in a family farming operation operated continually by the decedent for at least five years prior to his death and which passes to a relative on his death. Provides for revocation of such exemption in the event that the successor transfers his interest or stops residing on the farm within five years of the death of his transferor. Provides, under the Internal Revenue Code, that farmland, woodland, or open land which comprises part of an estate may be valued, for estate tax purposes, as such rather than at its fair market value. Provides that real property which is listed on the National Register of Historic Places may be valued, for estate tax purposes, at its value for its existing use. Provides for the revocation of such lower evaluation and recapture of unpaid taxes with interest upon the conversion, rezoning, or removal of such land from the National Register of Historic Places.

Bill· HRH.R. 8626 (94th)referred

A bill to amend the Internal Revenue Code to encourage the continuation of family farms, and to provide that farmland, woodland, or open land which comprises part of an estate may be valued for estate tax purposes, as such rather than at its fair market value, and to provide that real property which is listed on the National Register of Historic Places may be valued for estate tax purposes, at its value for its use, and to provide for the revocation of such lower evaluation and recapture of unpaid taxes with interest in appropriate circumstances.

United States · United States Congress · 14 July 1975

Exempts from the estate tax imposed under the Internal Revenue Code the lesser of: (1) $200,000 and (2) the value of the decedent's interest in a family farming operation operated continually by the decedent for at least five years prior to his death and which passes to a relative on his death. Provides for revocation of such exemption in the event that the successor transfers his interest or stops residing on the farm within five years of the death of his transferor. Provides, under the Internal Revenue Code, that farmland, woodland, or open land which comprises part of an estate may be valued, for estate tax purposes, as such rather than at its fair market value. Provides that real property which is listed on the National Register of Historic Places may be valued, for estate tax purposes, at its value for its existing use. Provides for the revocation of such lower evaluation and recapture of unpaid taxes with interest upon the conversion, rezoning, or removal of such land from the National Register of Historic Places.

Bill· HRH.R. 8639 (94th)referred

State Unemployment Compensation Debt Repayment Act

United States · United States Congress · 14 July 1975

State Unemployment Compensation Debt Repayment Act - Increases the rate of the Federal unemployment tax for calendar years 1976 through 1980 from 3.2 to 3.5 percent. Provides that the entire amount of such increase shall be credited to the Federal unemployment account and shall operate to reduce amounts owed by the States to such account.

Bill· HRH.R. 8604 (94th)referred

Farm Tax Equity Act

United States · United States Congress · 14 July 1975

Farm Tax Equity Act - Limits, under the Internal Revenue Code, deductions with respect to a taxpayer engaged in the business of farming to: (1) the gross income of the business for the taxable year; and (2) in the case of an individual or a bona fide family farm corporation, the higher of $10,000 or the amount of special deductions allowed by this Act, or for any other taxpayer, the amount of special deductions. Prohibits the application of such deductions when the taxpayer uses specified accounting methods. Defines terms used in this Act.

Resolution· HRESH.Res. 600 (94th)passed

Resolution waiving points of order against H.R. 8597. A bill making appropriations for the Treasury Department, the U.S. Postal Service, the Executive Office of the President, and certain Independent Agencies, for the fiscal year ending June 30, 1976, and the period ending September 30, 1976.

United States · United States Congress · 14 July 1975

Waives specified points of order against the bill (H.R. 8597) making appropriations for the Treasury Department, the United States Postal Service, the Executive Office of the President, and specified Independent Agencies, for fiscal year 1976, and the period ending September 30, 1976.

Bill· HRH.R. 8582 (94th)referred

Fiscal Integrity Act

United States · United States Congress · 11 July 1975

Fiscal Integrity Act - Revises the Congressional Budget and Impoundment Control Act to define the term "Federal revenue and budget outlay limit" to be the amount derived through a specified series of mathematical formulas. Prohibits the concurrent resolution on the budget from including any provision which exceeds the Federal revenue and budget outlay limit. Requires that each House include in its report to its House a comparison of estimated budget authority as set forth by the President and by the concurrent resolution. Prohibits amendment of the concurrent resolution during consideration by the Senate or the House of Representatives which exceeds the Federal revenue and budget outlay limit. Requires that the impact of new budget authority and budget outlays, and a projection for the next five fiscal years of the impact of new tax expenditures on the Federal revenue and outlay limit be included in a statement accompanying a bill or resolution reported by a committee of either House. Requires the Director of the Congressional Budget Office to include in his five-year projection report, the concomitant predicted Federal revenue and budget outlay limits for each fiscal year. Prohibits a concurrent resolution from being reported at any time which increases total revenues or the budget outlay limit unless such limit has been suspended pursuant to this Act. Prohibits Congress from making any appropriation for any fiscal year in excess of the Federal revenue and budget outlay limit. Provides for the reduction of the public debt by any revenue which exceeds such limit during any fiscal year. Permits the suspension of the revenue and budget outlay limit by the declaration of a fiscal emergency through the passage of a concurrent resolution approved by two-thirds of the members present in each House. Requires that all bills of a public or private character introduced in either House of Congress have printed at the bottom of the first page a fiscal note which States the amounts likely to be the costs and savings achieved in the implementation of a bill.

Bill· HRH.R. 8579 (94th)referred

A bill to amend the Internal Revenue Code of 1954 to provide that the gross income of an employee shall not include amounts directly or indirectly received as payment or reimbursement for legal services under group legal service plans, the value of legal services rendered under such plans, or contributions by employers to such plans.

United States · United States Congress · 11 July 1975

Provides that the gross income, under the Internal Revenue Code, of an employee shall not include (1) amounts directly or indirectly received as payment or reimbursement for legal services under group legal service plans, (2) the value of legal services rendered under such plans, or (3) contributions by employers to such plans.

Bill· HRH.R. 8563 (94th)referred

A bill to amend the National Foundation on the Arts and Humanities Act of 1965 to provide that the National Endowment for the Arts shall carry out an emergency program for the employment of artists during any fiscal year in which the national rate of unemployment exceeds 6.5 percent.

United States · United States Congress · 11 July 1975

Provides, under the National Foundation on the Arts and Humanities Act of 1965, that the National Endowment for the Arts shall carry a program for the employment of artists during any fiscal year in which the national rate of unemployment exceeds 6.5 percent. Sets forth conditions governing the expenditure of funds for such a program. Defines the terms "artist" and "unemployed" as it applies to artists. Authorizes to be appropriated $20,000,000 for fiscal year 1976 for the purposes of this Act.

Resolution· HRESH.Res. 595 (94th)passed

Resolution providing for the consideration of H.R. 8561. A bill making appropriations for agriculture and related agencies' programs for fiscal year 1976, and the period ending September 30, 1976.

United States · United States Congress · 11 July 1975

Provides that upon the adoption of this resolution it shall be in order to move, clause 7 of rule XXI to the contrary notwithstanding, that the House resolve itself into the Committee of the Whole House on the State of the Union for the consideration of the bill (H.R. 8561) making appropriations for agriculture and related agencies programs for fiscal year 1976, and the period ending September 30, 1976, and for other purposes, and all points of order against the following provisions in said bill for failure to comply with the provisions of clauses 2 and 6 of Rule XXI are hereby waived: in title I "Agricultural Programs," beginning on page 31, line 1 through page 33, line 8; in title II "Rural Development and Assistance," beginning on page 50, line 15 through page 53, line 24; in title III "Domestic Food Programs," beginning on page 55, line 1 through page 60, line 7; and title VI "General Provisons,"section 609 beginning on page 67, line 1 through line 13; section 611 beginning on page 67, line 19 through page 68, line 6.

Bill· SS. 2080 (94th)referred

Interstate Taxation Act

United States · United States Congress · 10 July 1975

Interstate Taxation Act - Title I: Sales and Use Taxes - Establishes uniform standards under which a State or a political subdivision of a State may exercise the power to impose a sales tax or to require a person to collect a sales or use tax with respect to an interstate sale of tangible personal property with a destination in the State or political subdivision. Authorizes a State to require an out-of-State seller to collect and remit a uniform combined State and local sales and use tax with respect to an interstate sale of tangible personal property. States that such a tax shall not be required of a business whose annual receipts from within the State levying such tax are less than $20,000. Precludes the imposition of separate State and local taxes when a combined tax is provided for by State law. Establishes criteria with respect to the authority of a State to require the collection and remittance of a uniform combined State and local sales and use tax by an out-of-State business. Limits the sales on which an out-of-State seller may be required to collect a sales or use tax of a political subdivision or a geographic area of a State to those interstate sales in which the seller has a business location or regularly makes deliveries other than by common carrier or United States Postal Service. Provides for the collection of a use tax by a State or political subdivision thereof with respect to property: (1) acquired in an interstate sale from an out-of- State seller who is not required to collect a uniform combined State and local sales and use tax with respect to such sale; or (2) acquired outside the State and brought into the State or political subdivision by such user or purchaser. Provides for an out-of-State seller to elect to become subject to the sales and use tax laws of a State or political subdivision thereof in lieu of collecting the uniform combined State and local sales and use tax. Requires States having a uniform combined State and local sales and use tax to establish a tax rate to be applied by out-of-State sellers in collecting such tax which is uniform throughout the State. Sets forth regulations to prevent the collection of excess or multiple taxes on the same goods. Provides for a refund of specified excess taxes. Enumerates exempt transactions and costs from the amount to which a sales or use tax rate may be applied. Title II: Net Income and Gross Receipts Taxes - Prohibits States and political subdivisions thereof from: (1) imposing a net income tax on a corporation unless the corporation has a business location in the State or political subdivision in the taxable year; or (2) imposing a gross receipts tax with respect to a sale of tangible personal property unless the seller has a business location in the State or political subdivision. Sets forth conditions by which it may be determined if a corporation is taxable in a State and if it is taxable in more than one State. Sets forth a formula by which may be determined that portion of the net income of a corporation taxable in more than one State. Defines the terms "property factor," "payroll factor," and "sales factors" as used in the formula. States that: (1) income from sources without the United States; and (2) certain corporate dividends shall be excluded from apportionable income. Title III: Definitions and Miscellaneous Provisions - Defines terms used in this Act. Prohibits the States from increasing sales or use taxes because of occurrences outside the State if the same occurrences within the State would not increase the tax. Clarifies regulations with respect to liability for unassessed sales, use, net income, and gross receipts taxes. Title IV: Jurisdiction of Federal Courts - Gives the United States Court of Claims the jurisdiction to review de novo any issues relating to a dispute arising under this Act.

Bill· HRH.R. 8544 (94th)referred

A bill to mend section 127 of title 23 of the United States Code to reduce certain weights permitted on the Interstate System.

United States · United States Congress · 10 July 1975

Establishes weight restrictions for vehicles on the Interstate System. Provides that no funds authorized to be appropriated for any fiscal year under the Federal-Aid Highway Act shall be apportioned to any State within the boundaries of which the Interstate System may lawfully be used by vehicles in excess of the established weight limitation.

Bill· HRH.R. 8523 (94th)referred

A bill to amend the Internal Revenue Code of 1954 to exempt cooperative housing corporations, condominium management associations, and residential real estate management associations from taxation on certain types of income.

United States · United States Congress · 10 July 1975

Provides that a cooperative housing association shall be taxable in the same manner as a corporation under the Internal Revenue Code, except that income received from the following sources shall be tax-exempt: (1) tenant-shareholder in the case of a cooperative housing association; (2) owners of condominium housing units in the case of a condominium management association; or (3) owners of real property in the case of a residential real estate management association

Bill· SS. 2075 (94th)referred

A bill to amend the Internal Revenue Code of 1954 so as not to allow a deduction for amounts paid under certain disability benefits to compensate for increases in social security benefits paid to disabled employees.

United States · United States Congress · 9 July 1975

Disallows any deduction, under the Internal Revenue Code, for amounts paid or contributed to a disability compensation plan by the employer maintaining that plan if the benefits payable to an individual are reduced, or any scheduled increase in such benefits is omitted, on account of an increase in monthly Social Security benefits under title II (Old Age, Survivors, and Disability Insurance) if such increase occurs after such individual begins to receive benefits under such plan.

Bill· HRH.R. 8482 (94th)referred

A bill to amend the Internal Revenue Code of 1954 as it relates to the Federal estate tax, to increase the individual exemption, to provide an alternate method of valuing for estate tax purposes certain real property including that listed on the National Register of Historic Places, in order to encourage the preservation of open lands and historic places if they continue to be used as such for at least 5 years after the estate tax is applicable.

United States · United States Congress · 9 July 1975

Provides, under the Internal Revenue Code, that real property which is farmland, woodland, or open land and forms part of an estate may be valued, for estate tax purposes, at its value as farmland, woodland, or open land (rather than at its fair market value). Provides that real property which is listed on the National Register of Historic Places may be valued, for estate tax purposes, at its value for its existing use. Provides for the revocation of such lower evaluation and recapture of unpaid taxes with interest upon the conversion, rezoning, or removal of such land from the National Register of Historic Places. Increases the Federal estate tax exemption under the Internal Revenue Code.

Resolution· HRESH.Res. 586 (94th)passed

Resolution waiving certain points of order against H.R. 8365. A bill making appropriations for the Department of Transportation and related agencies for the fiscal year ending June 30, 1976, and the period ending September 30, 1976.

United States · United States Congress · 9 July 1975

Waives specified points of order against the bill (H.R. 8365) making appropriations for the Department of Transportation and related agencies for fiscal year 1976, and the period ending September 30, 1976.

Bill· SS. 2055 (94th)referred

A bill to amend the Social Security Act and the Internal Revenue Code of 1954 to provide for Federal participation in the costs of the social security program, with a substantial increase in the contribution and benefit base and with appropriate reductions in social security taxes to reflect the Federal Government's participation in such costs.

United States · United States Congress · 8 July 1975

Reduces the rate of tax imposed under the Internal Revenue Code of 1954 on the self-employed, employees, and employers for the payment of the cost of the old-age, survivors, and disability insurance and the hospital insurance programs of the Social Security Act. Increases the Contribution and benefit base for tax determination purpose under the old-age, survivors, and disability insurance program. Increases by 50 percent the annual Federal contribution to the Federal Old-Age and Survivors Insurance Trust Fund.

Bill· SS. 2051 (94th)referred

A bill to amend the Internal Revenue Code of 1954 to provide that the gross income of an employee does not include amounts received as payment or reimbursement for legal services furnished to the employee under a group legal service plan, the value of legal services furnished to the employee under a group legal service plan, the value of legal services rendered to the employee under such plans, or amounts contributed by the employee's employer to such plan.

United States · United States Congress · 8 July 1975

Provides under the Internal Revenue Code of 1954 that the gross income of an employee does not include amounts received as payment or reimbursement for legal services furnished to the employee under a group legal service plan, the value of legal services rendered to the employee under such plans, or amounts contributed by the employee's employer to such plan.

Bill· HRH.R. 8405 (94th)referred

A bill to amend the Internal Revenue Code of 1954 and the Social Security Act to provide an exemption from coverage under the social security program, through a tax refund procedure, for employees who are members of religious faiths which oppose participation in such program, and to provide a similar exemption on a current basis (pursuant to waiver certificates filed in advance) for members engaged in farming and their employees in cases where both are members of such faiths; and to make the existing exemption for self-employed members of such faiths available to certain additional individuals.

United States · United States Congress · 8 July 1975

Allows, under the Internal Revenue Code and the Social Security Act, a refund or credit for taxes paid under the Federal Insurance Contributions Act to individuals who are members of recognized religious sects that reject the Federal Insurance programs. Exempts employers engaged in farming, and their employees, from the Federal Insurance Contributions tax where both are members of a religious faith opposed to participation in such a program.

Bill· HRH.R. 8420 (94th)referred

A bill to prevent the estate tax law from operating to encourage or to require the destruction of open lands and historic places, by amending the Internal Revenue Code of 1954 to provide that real property which is farmland, woodland, or open land and forms part of an estate may be valued, for estate tax purposes, at its value as farmland, woodland, or open land (rather than at its fair market value), and to provide that real property which is listed on the National Register of Historic Places may be valued, for estate tax purposes, at its value for its existing use, and to provide for the revocation of such lower evaluation and recapture of unpaid taxes with interest in appropriate circumstances.

United States · United States Congress · 8 July 1975

Provides, under the Internal Revenue Code, that real property which is farmland, woodland, or open land and forms part of an estate may be valued, for estate tax purposes, at its value as farmland, woodland, or open land (rather than at its fair market value). Provides that real property which is listed on the National Register of Historic Places may be valued, for estate tax purposes, at its value for its existing use. Provides for the revocation of such lower evaluation and recapture of unpaid taxes with interest upon the conversion, rezoning, or removal of such land from the National Register of Historic Places.

Bill· HRH.R. 8427 (94th)referred

Family Farm Inheritance Act

United States · United States Congress · 8 July 1975

Family Farm Inheritance Act - States that for purposes of the estate tax under the Internal Revenue Code the value of the taxable estate shall be determined by deducting the lesser of: (1) $200,000; or (2) the value of the decedent's interest in a family farming operation continuously owned by him or his spouse for five years prior to his death and which passes to a related individual. Disqualifies the individual to whom the estate passes from the tax benefit authorized by this Act if such individual, within five years after the decedent's death, sells or removes the family farming operation.

Bill· HRH.R. 8386 (94th)referred

A bill to amend the Internal Revenue Code of 1954 to deny electric and gas public utilities a deduction for amounts paid or incurred by such utilities to advertise or promote the sale or use of electricity or gas.

United States · United States Congress · 8 July 1975

Prohibits a tax deduction under the Internal Revenue Code for any amount paid or incurred by a utility to advertise or promote the sale or use of electrical energy or gas or to advertise or promote the seller or furnish of electrical energy or natural gas.

Bill· HRH.R. 8403 (94th)referred

A bill to amend title II of the Social Security Act to assure the continuation of the present practice under which payments by States with respect to coverage of State and local employees under section 218 of that act, are made on a quarterly basis.

United States · United States Congress · 8 July 1975

Assures the continuation of the present practice under which payments by States, with respect to coverage of State and local employees under the Federal Old Age, Survivors, and Disability Insurance program of the Social Security Act, are made on a quarterly basis.

Bill· HRH.R. 8383 (94th)referred

A bill to amend the Social Security Act to improve the survey and certification process, rate setting and fiscal audit methods, and general regulation of nursing homes and intermediate care facilities under the medicaid program, and to provide for medical, psychological, and social assessment of long-term care patients under both the medicare and medicaid programs.

United States · United States Congress · 8 July 1975

Title I: Survey And Certification, Ratesetting And Audit, And General Regulation Of Long-Term Care Facilities Under Medicaid Programs - Requires that a State plan for medical assistance must provide that no skilled nursing facility may receive payments under such plan unless and until it is approved to receive payments under title XVIII (Medicare) of the Social Security Act. Provides that such State plan require that the State agency have the power to terminate reimbursement to a skilled nursing or intermediate care facility which violates its provider agreement. Requires such State plan to include that the inspection and medical review shall serve as the basis for determining the overpayment to such facility, and the amount such agency must refund. Requires such State plan to provide that any skilled nursing facility receiving payments under the plan be required to maintain with the State agency a bond to anticipate any and all claims for overpayment. Title II: Medical, Psychological, And Social Assessment Of Patients In Need Of Long-Term Care Under Medicare And Medicaid Programs - Requires that for payment of services furnished and individual under the Medicare and Medicaid programs that a physicain's certification be based on such patient assessment criteria as the Secretary of Health, Education, and Welfare may require. Provides that a State plan msut include a regular program of medical review utilizing such criteria as required by the Secretary of meeting their health care needs through alternative institutional or noninstitutional services.

Bill· HRH.R. 8371 (94th)referred

A bill to amend the Internal Revenue Code of 1954 to avoid duplication of tax imposed under the Federal Insurance Contributions Act and the Federal Unemployment Tax Act in the case of employers of the same employee.

United States · United States Congress · 8 July 1975

Provides, under the Internal Revenue Code, that where compensation is paid an employee by two or more employers, one of the employers may, by notice to the Secretary of the Treasury and by agreement with the other employer or employers, elect to have the taxes imposed under the Federal Insurance Contributions Act and the Federal Unemployment Tax Act apply to so much of the compensation paid by such employer for such calendar year as does not exceed the maximum amount of compensation with respect to such taxes. States that in such case the liability of the other employer or employers shall be limited to the tax applicable to the difference, if any, between the compensation paid by the electing employer and the maximum amount of compensation to which such taxes apply, if paid by a single employer.

Bill· SS. 2047 (94th)referred

A bill to amend the Internal Revenue Code of 1954 to increase the Federal excise tax on gasoline, to make such tax, as increased, a permanent tax, to provide that revenues derived from the increase in and extension of, such tax are credited to the general fund rather than to the Highway Trust Fund, and to provide a credit for the increased tax paid with respect to not more than 500 gallons of gasoline purchased each year by the taxpayer.

United States · United States Congress · 27 June 1975

Imposes a tax upon gasoline of 10 cents a gallon for sales before October 1, 1977, and 12.5 cents a gallon for sales after September 30, 1977. Allows a taxpayer a tax credit for the amount of gasoline purchased, up to specified limitations. Requires that such tax credit be rebated through the withholding system.

Bill· SS. 2038 (94th)referred

A bill to amend the Internal Revenue Code of 1954 to increase the exemption for purposes of the Federal estate tax and to provide an alternate method of valuing certain real property for estate tax purposes.

United States · United States Congress · 26 June 1975

Increases, under the Internal Revenue Code, the exemption for purposes of the Federal estate tax from $60,000 to $125,000. Provides an alternate method of valuing farmland and woodland used for the commercial production of trees for estate tax purposes.

Bill· HRH.R. 8283 (94th)reported

A bill to amend the Internal Revenue Code with respect to the type of flavors which may be used on bonded wine cellar premises in the production of special natural wines.

United States · United States Congress · 26 June 1975

Authorizes the Secretary of the Treasury or his delegate, under the Internal Revenue Code, of 1954, to approve flavorings which may be used on bonded wine cellar premises in the production of special natural wines (presently limited to natural flavorings). (Amends 26 U.S.C. 5386)

Bill· HRH.R. 8329 (94th)referred

State and Local Fiscal Assistance Amendments

United States · United States Congress · 26 June 1975

State and Local Fiscal Assistance Amendments - Revises the State and Local Fiscal Assistance Act in order to allow the Secretary of the Treasury to reserve such percentage of the total entitlement payment as he deems necessary to insure that there will be sufficient funds available to pay adjustments due after the final allocation of funds among the State governments and units of local government. Restricts the use of funds received by the local governments to local priority expenditures, including public safety, environmental protection, and other enumerated areas. Specifies minimum expenditure and other restrictions upon the use of such funds. Makes authorizations to the Trust Fund in amounts as specified. Revises the formula to be used in allocating funds between State and local governments. Indicates circumstances for which State and local governments shall have their entitlement reduced. Provides supplemental entitlements for low income communities. Sets forth procedures which must be adopted by State and local governments before allocation of funds shall be made pursuant to this Act. Provides that such procedures shall include citizen participation in the decision-making process. Forbids discrimination on the basis of race, color, religion or national origin, in the allocation of benefits or participation in any program funded by this Act. Authorizes the Secretary to take specified action against any unit of government violating this provision. Requires each State to submit a report to the Secretary setting forth the amounts and purposes for which funds have been spent or obligated. Provides for priavte remedies against violators of the provisions of this Act by governmental units.

PreviousPage 8 of 9Next