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Resolution· HCONRESH.Con.Res. 132 (98th)referred
United States · United States Congress · 1 June 1983
Expresses the sense of the Congress that the continuing possibility that the provisions of the Internal Revenue Code relating to withholding of tax from interest and dividends will be repealed is creating, for all payors, an undue hardship within the meaning of the Tax Equity and Fiscal Responsibility Act of 1982, and that the Secretary of the Treasury should exercise his authority under such Act to delay the effective date of such provisions until December 31, 1983.
Bill· SS. 1397 (98th)open
United States · United States Congress · 26 May 1983
Amends the Internal Revenue Code to allow an investment tax credit for rehabilitated buildings if: (1) 50 percent or more of the existing external walls are retained in place as external walls; (2) 75 percent or more of the existing external walls are retained in place (but not necessarily as external walls); (3) 95 percent of the existing internal structural framework is retained in place. (Present law requires that 75 percent or more of the external walls must be retained in the rehabilitation process.)
Bill· SS. 1398 (98th)open
United States · United States Congress · 26 May 1983
Child Support Tax Act - Amends the Internal Revenue Code to impose a child support tax on liable absent parents of minor children. Sets the rate of such tax for a parent of one child at 20 percent of the lesser of: (1) such parent's adjusted gross income; or (2) the amount of the contribution and benefit base as determined by title II (Old Age, Survivors and Disability Insurance). Sets the rate of such tax at 30 percent of the lesser of such amounts for the parent of two children and at 40 percent for the parent of three or more children. Requires that such tax be withheld in the same manner as the Federal income tax. Allows up to one percent of such withholding to be applied to the employer's administrative expenses. Amends part D (Child Support and Establishment of Paternity) of title IV of the Social Security Act to provide Federal child support benefits to eligible children of liable absent parents. Sets forth the rate of such benefits for calendar year 1984. Provides for annual increases in such benefits beginning in calendar year 1985. Bases such increase on the percentage increase (if any) in the average of the total wages reported for the preceding calendar year. Limits the maximum benefit paid to any eligible children to the amount of the tax collected from the liable absent parent. Defines "eligible child" as an individual: (1) who is under the age of 18; (2) who is living in the home of a relative or was removed from such home pursuant to a voluntary placement agreement or a judicial determination; (3) one or both of whose parents is a liable absent parent; and (4) on whose behalf child support benefits have been applied for. Defines "liable absent parent" as an individual: (1) who is absent from the home on other than a temporary basis; (2) who has a legal obligation under State law to furnish child support; and (3) whose whereabouts have been established by the State, the Internal Revenue Service, or the Federal Parent Locator Service. Sets forth administrative procedures for the determination of eligibility for benefits. Provides for judicial review of such a final determination. Makes such child support tax and benefit program effective beginning in 1988. Requires the Secretary of Health and Human Services to undertake a demonstration program of such child support tax and benefit program in at least six States prior to the effective date of the Federal program. Requires those States participating in the program to establish: (1) a State child support tax; and (2) a State child support payment program substantially equivalent to the Federal tax and benefit program established by this Act. Requires the Secretary to provide technical assistance and to pay the reasonable administrative expenses of the States participating in such demonstration program. Requires the Secretary to submit an annual report to the Congress on such demonstration program. Requires the Office of Management and Budget to submit a report to the Congress on the budgetary impact of implementing the Federal child support program established by this Act.
Bill· SS. 1390 (98th)open
United States · United States Congress · 26 May 1983
Authorizes permanently the revenue sharing program for States and units of general local government. Increases the funds appropriated to the State and Local Government Fiscal Assistance Trust Fund for units of general local government for FY 1984. Sets forth the procedure for adjusting the dollar amount of entitlement funds for units of general local government according to the inflation adjustment factor. Requires the Secretary of the Treasury to determine the inflation adjustment factor for the immediately preceding 12-month period ending on July 31 not later than October 1 of each calendar year. Defines inflation adjustment factor for the purposes of this Act.
Law· SS. 1388 (98th)enacted
United States · United States Congress · 26 May 1983
Veterans' Disability Compensation and Survivors' Benefits Amendments of 1983 - Title I: Compensation Rate Increases - Increases the rates of veterans' disability compensation. Permits the Administrator of Veterans Affairs to adjust the rates of disability compensation for other specified persons. Increases the rates of additional compensation for dependents. Increases the clothing allowance for certain disabled veterans. Title II: Dependency and Indemnity Compensation Rate Increases - Increases the rates of dependency and indemnity compensation for surviving spouses according to a specified table. Increases the rates of dependency and indemnity compensation for children. Increases the rates of supplemental dependency and indemnity compensation for children. Title III: Effective Date - Sets forth the effective date for this Act.
Bill· SS. 1396 (98th)open
United States · United States Congress · 26 May 1983
Energy Security Tax Incentives Act of 1983 - Amends the Internal Revenue Code to extend for seven years from 1985 to 1992 the availability of the investment tax credit for affirmative commitments made for solar, wind, geothermal, and biomass energy property. Requires that such affirmative commitments must be made by specified dates. Extends for two years from 1990 to 1992 the availability of the investment tax credit for affirmative commitments for synthetic fuel energy property. Extends for five years from 1982 to 1987 the date by which such affirmative commitments must be made. Includes tar sands equipment, shale oil equipment and synthetic fuel production equipment as energy property for purposes of the investment tax credit. Allows an investment tax credit for affirmative commitments made for chlor-alkali electrolytic cells.
Bill· HRH.R. 3173 (98th)reported
United States · United States Congress · 26 May 1983
Amends the Internal Revenue Code to provide that a money purchase pension plan shall not lose its tax exemption because the plan includes a qualified salary reduction arrangement. Defines "qualified salary reduction arrangement" and "money purchase pension plan" for purposes of this Act. Provides that distributions from such a plan shall be taxable to the beneficiary in the same manner as an annuity. Sets forth transitional rules for contributions made to such plans before the effective date of this Act.
Bill· HRH.R. 3154 (98th)referred
United States · United States Congress · 26 May 1983
Allows the special use valuation of farms and business real property for estate tax purposes for real property which is put to any use by a qualified heir pursuant to a rental by such heir. Revises rules for the revocation of an election to use such valuation. Extends the period for making a credit or refund as a result of this provision to one year after the date of enactment of this Act.
Bill· HRH.R. 3172 (98th)referred
United States · United States Congress · 26 May 1983
Amends the Internal Revenue Code to increase the amount of the income tax credit for contributions to candidates for public office from $50 to $500 (from $100 to $1,000 in the case of a joint return).
Bill· HRH.R. 3168 (98th)referred
United States · United States Congress · 26 May 1983
Amends the Internal Revenue Code to allow an investment tax credit for energy property produced in the United States and used predominantly in a foreign country designated by the President as a beneficiary developing country under the Trade Act of 1974. Limits such treatment to: (1) solar, wind, or geothermal property; (2) hydroelectric generating property; (2) ocean thermal property; and (4) biomass property.
Bill· SS. 1370 (98th)open
United States · United States Congress · 25 May 1983
Amends the Internal Revenue Code to allow an income tax credit for the transportation expenses of a U.S. foreign exchange student incurred in traveling abroad to participate in a teenager exchange-visitor program. Limits such credit to 25 percent of the transportation expenses incurred.
Bill· SS. 1359 (98th)open
United States · United States Congress · 25 May 1983
Amends the Internal Revenue Code to increase the amount of the income tax credit for household and dependent care services from a maximum of 30 percent to a maximum of 50 percent of such expenses. Reduces such percentage by one percent for each full $1,000 by which the taxpayer's adjusted gross income exceeds $10,000. Makes such credit refundable. Allows such credit to be claimed on the short tax return form. Grants tax-exempt status to organizations which provide nonresidential dependent care services to the general public for purposes of enabling individuals to maintain employment.
Bill· SS. 1369 (98th)open
United States · United States Congress · 25 May 1983
Amends the Internal Revenue Code to increase the income tax deduction allowed for maintaining exchange students as members of the taxpayer's household to $100 per month up to a maximum of $1,000 per year.
Bill· SS. 1380 (98th)open
United States · United States Congress · 25 May 1983
Amends the Internal Revenue Code to treat "business development companies" (as defined by the Investment Company Act of 1940) as regulated investment companies for income tax purposes.
Bill· HRH.R. 3137 (98th)referred
United States · United States Congress · 25 May 1983
First Things First Credit Act of 1983 - Amends the Internal Revenue Code to disallow an income tax deduction for interest paid or incurred on any loan which is used to acquire control of a corporation which has more than $250,000,000 in gross receipts for the year preceding the year of the acquisition.
Bill· HRH.R. 3149 (98th)referred
United States · United States Congress · 25 May 1983
Amends the Internal Revenue Code to allow an income tax deduction for contributions to an account established to pay the educational expenses (tuition, supplies, meals and lodging) of the taxpayer, the taxpayer's child, a ward of the taxpayer, or a descendant of a child of the taxpayer at an institution of higher education or a vocational school. Limits the amount of such deduction for any taxable year to $2,000 ($2,250 for joint returns). Excludes from gross income payments or distributions from an education account to the extent such amounts are used to pay educational expenses. Excludes from gross income of an individual excess amounts paid by such individual to an education account which are returned before the due date of filing the individual tax return. Exempts an education account from taxation. Prohibits certain transactions between the education account and individuals for whose benefit the account was established and individuals who contribute to such account. Imposes a ten percent penalty tax on amounts distributed from an education account which are not used for educational expenses. Directs the trustee of an education account to report on the account as required by the Internal Revenue Service. Imposes a penalty for failure to file such reports.
Bill· HRH.R. 3140 (98th)referred
United States · United States Congress · 25 May 1983
Foreign Tax Credit Conformity Act of 1983 - Amends the Internal Revenue Code to allow a taxpayer to recapture domestic losses in subsequent years in which it has domestic income by recharacterizing the subsequent domestic income as foreign source income, to the extent domestic losses have served to reduce the foreign tax credit available to the taxpayer. Extends the carryover period for excess foreign tax credits from five years to 15 years. Revises ordering rule provisions for foreign tax credits arising after 1981.
Resolution· HRESH.Res. 210 (98th)passed
United States · United States Congress · 25 May 1983
Waives points of order against the consideration of H.R. 3132 (energy and water funding).
Resolution· HRESH.Res. 211 (98th)passed
United States · United States Congress · 25 May 1983
Waives points of order against the consideration of H.R. 3133 (Department of Housing and Urban Development appropriations).
Resolution· HRESH.Res. 209 (98th)passed
United States · United States Congress · 25 May 1983
Waives points of order against the consideration of H.R. 3069 (supplemental appropriations).
Bill· SS. 1354 (98th)reported
United States · United States Congress · 24 May 1983
Authorizes additional appropriations out of the Highway Trust Fund for FY 1983 for emergency relief. Makes a Federal-aid primary route in San Mateo County, California, eligible for such assistance.
Bill· SS. 1352 (98th)open
United States · United States Congress · 24 May 1983
Amends the Internal Revenue Code with respect to deductions for ordinary and necessary business expenses to provide a special rule for construction workers' travel and transportation expenses. Provides that a job at a site located more than 30 miles from a worker's residence: (1) shall be considered temporary for the first two years of employment at that site; and (2) shall be considered temporary or not temporary after the first two years based on an examination of all the facts and circumstances. Provides that no deduction shall be disallowed solely because a construction worker's employment at a job site is of indefinite duration. Prohibits the application of the "one-year" rule set forth in Revenue Ruling 59-371, which specifies the length of time which automatically or presumptively classifies the job as other than temporary. Defines "construction worker," for purposes of this Act, as any individual employed as a skilled, semiskilled, or unskilled laborer in the building or construction industry.
Bill· HRH.R. 3110 (98th)reported
United States · United States Congress · 24 May 1983
Amends the Internal Revenue Code to deny property used by governments, tax-exempt foreign individuals, and other tax-exempt entities accelerated depreciation deductions. Requires that any deductions for depreciation of such property be calculated according to the straight line method. Exempts from such limitation short-term or casual leases of property and property used in an unrelated trade or business. Denies the investment tax credit for property used by foreign governments and other foreign persons. Denies the investment tax credit for rehabilitation expenditures for property which is financed by the proceeds of industrial development bonds. States that the provisions of this Act shall be effective for property placed in service after May 23, 1983, with an exception for binding contracts and mass commuting vehicles financed by tax-exempt securities.
Bill· HRH.R. 3124 (98th)referred
United States · United States Congress · 24 May 1983
Extends until August 13, 1984, the period in which an heir must use certain farm and business property eligible for special use valuation tax treatment in order to avoid the recapture of estate tax.
Bill· SS. 1342 (98th)open
United States · United States Congress · 23 May 1983
Title I: Department of State - Department of State Authorization Act, Fiscal Years 1984 and 1985 - Authorizes appropriations for the Department of State for FY 1984 and 1985 for: (1) administration of foreign affairs; (2) international organizations and conferences; (3) international commissions; (4) migration and refugee assistance; and (5) Bilateral Science and Technology Agreements. Removes the limitation on the percentage of the expenses of the International Bureau of Intellectual Property which the United States shall pay. Repeals certain obsolete reporting requirements and annual reporting requirements dealing with: (1) reports by the President to the Congress on the operations of the Institute for Scientific and Technological Cooperation; (2) reports by the Secretary of State to the President and Congress on the professional development program for Foreign Service Officers; and (3) reports by the President to Congress on personnel requirements for Federal agencies dealing with foreign affairs and on bilateral and multilateral activities involving science and technology. Amends the Fishery Conservation and Management Act of 1976 to repeal the requirement that Secretary of State provide the appropriate Regional Fishery Management Council, upon request, with a copy of a fishing permit application by a foreign nation. Authorizes appropriations for the Secretary of State for FY 1984 and 1985 for providing protective services for consulates in locations where funds are not otherwise available for protective services. Expresses the sense of the Congress that the U.S. representatives to United Nations-related agencies and to other international organizations should oppose the adoption of international marketing and distribution regulations which impede U.S. exports. Earmarks specified amounts of the funds authorized for the administration of foreign affairs for: (1) the Coordinating Committee on Export Controls; (2) funding new positions overseas for political and economic reporting; (3) expenses related to an alternative communications center for the State Department; (4) the United States National Commission to the United Nations Education, Scientific and Cultural Organization; (5) U.S. contribution to the World Heritage Trust Fund; and (6) grants to nongovernmental organizations in South Africa promoting efforts to foster a just society and to help victims of apartheid. Amends the State Department Basic Authorities Act of 1956 to limit the activities for which the Secretary of State is authorized to make emergency expenditures. Directs the Inspector General to conduct an annual confidential audit of the State Department's emergency expenditures and to report to Congress on whether such expenditures were made according to the intent of the basic authority. Lists requirements for the repatriation loan program. Amends the Foreign Service Act of 1980 to authorize a member of the Foreign Service residing outside the United States to vote in the State in which the member was last domiciled immediately before entering the Service if specified conditions are met. Directs the Secretary of State and the Secretary of the Interior, within 12 months of enactment of this Act, to divide the world into ten geographic regions, the International Wildlife Resources Conservation Regions. Directs the Secretary of State, in consultation with the Secretary of the Interior, to assign abroad Regional Wildlife Resources Attaches. Sets forth methods of determining whether the Attaches have the appropriate training. Directs the Secretary of State and the Secretary of the Interior, in consultation with other concerned agencies, to review and make recommendations concerning the effectiveness of existing U.S. international activities relating to the conservation of international wildlife resources. Requires the Secretaries to report to Congress: (1) on all Federal programs concerned with international wildlife resources conservation programs; and (2) recommendations for an integrated U.S. plan of action to assist foreign governments and international organizations in conserving wildlife. Requires the report to focus on the role and functions of the Wildlife Resources Attache. Sets forth the activities such role and functions shall include. Directs the Secretary of State, in conjunction with the Director of the U.S. Information Agency (USIA), to insure that Foreign Service officers of the USIA are able to compete for chief of mission positions and have opportunities for assignments outside their area of specialization on the same basis as other Foreign Service officers. Requires the Secretary of State to report to Congress on the policies and procedures adopted to ensure such opportunities. Expresses the sense of the Congress that the President should: (1) respond constructively to the Canadian offer to reduce air pollution emissions if the United States reduces its emissions by a similar amount; (2) negotiate as expeditiously as possible a bilateral agreement with Canada providing for significant reductions in transboundary air pollution; (3) consider a joint Government-supported program to develop new cost-effective technologies that will facilitate reduction of sulfur dioxide emissions and other copollutants; and (4) instruct the Secretary of State to report to Congress by December 1, 1983, on the progress toward achieving a new transboundary air pollution agreement. Expresses the concern of the Congress about the delays in the publication of the State Department's series of historical volumes, "The Foreign Relations of the United States." Directs the Historian of the Department of State to report to Congress on the reasons for the delays and on the steps that would be required to reach the goal of publishing within 25 years of the events. Expresses the sense of the Congress that: (1) the United States should promote lower prices and fair market conditions for imported natural gas; and (2) 30 days after enactment of this Act the Secretary of State should report to Congress on the progress made in achieving such lower prices and fair market conditions. Prohibits using any of the funds made available for international organizations and programs for FY 1984 and 1985 for any programs for the Palestine Liberation Organization, the South West Africa Peoples Organization, Cuba, or Iran. Title II: United States Information Agency - United States Information Agency Authorization Act, Fiscal Years 1984 and 1985 - Authorizes appropriations for the USIA for FY 1984 and 1985. Amends the United States Information and Educational Exchange Act of 1948 to authorize the Director of the USIA to grant a supplemental living allowance for up to five USIA personnel stationed in New York City. Authorizes the Director to lease radio facilities for 25 years (currently 10 years). Earmarks specified amounts of the funds authorized for the USIA for: (1) the National Endowment for Democracy; (2) the Fulbright Academic Exchange Programs; (3) International Visitor Program; (4) Humphrey Fellowship Program; and (5) for other exchange of persons programs. Amends the Mutual Education and Cultural Exchange Act of 1961 to establish in the USIA or other appropriate agency a Bureau of Educational and Cultural Affairs to coodinate and oversee programs established pursuant to such Act and administered by the USIA. Requires that all programs under the authority of the Bureau: (1) maintain their nonpolitical character; (2) be representative of the diversity of American political, social, and cultural life; and (3) maintain their scholarly integrity. Amends the United States Information and Educational Exchange Act of 1948 to prohibit specified types of reprograming of USIA funds unless the House Foreign Affairs and the Senate Foreign Relations Committees are notified 15 days before the proposed reprograming. Authorizes the USIA to award program grants for FY 1984 and 1985 only if those committees are notified 15 days in advance of the proposed grant. Amends the Mutual Educational and Cultural Exchange Act of 1961 to authorize the President to provide for visits between the United States and other countries of environmental science and environmental management experts. Authorizes funds for such exchanges. Title III: Board for International Broadcasting - Board for International Broadcasting Authorization Act, Fiscal Years 1983, 1984, and 1985 - Amends the Board for International Broadcasting Act of 1973 to authorize appropriations for FY 1983, 1984, and 1985. Requires that appropriations which because of foreign currency fluctuations exceed the amount needed for the budgeted level of operation of Radio Free Europe/Radio Liberty, Incorporated, (RFE/RL) shall be deposited in a separate account to enhance the benefits for RFE/RL retirees and their surviving spouses Title IV: National Endowment for Democracy - National Endowment for Democracy Act - Authorizes the establishment of a nonprofit corporation to be known as the National Endowment for Democracy. Sets forth the purposes of the Endowment. Authorizes the Endowment to provide funding only for programs of private sector groups with the purposes of the Endowment. Provides for the incorporation of the Endowment. Requires the Endowment to report annually to the President on its activities. Authorizes the Director of the USIA to make grants to the Endowment. Allocates funds from the Endowment for each of FY 1984 and 1985 for: (1) the National Democratic Institute for International Affairs; (2) the National Republican Institute for International Affairs; (3) the Free Trade Union Institute; (4) the private enterprise development programs of the National Chamber Foundation. Title V: Foreign Missions Amendments Act of 1983 - Foreign Missions Amendments Act of 1983 - Amends the Diplomatic Relations Act to authorize the Director of the Office of Foreign Missions to establish and enforce the liability insurance requirements for persons connected with foreign missions in the United States. Amends the State Department Basic Authorities Act of 1956 to require the head of a foreign mission to notify the Director of the lapse or termination of any liability insurance coverage held by certain persons connected with the foreign mission. Requires the head of each foreign mission to transmit to the Director a report listing the motor vehicles, vessels, and aircraft registered in the United States by such persons. Sets forth the information to be included in such list. Requires the Director to impose a surcharge or fee on a foreign mission whenever the Director finds that a member of a foreign mission, a member of the family of such member, or an individual described in section 19 of the Convention on Privileges and Immunities of the United Nations: (1) is at fault for personal injury, death, or property damage arising out of the operation of a motor vehicle, vessel, or aircraft in the United States, is not covered by liability insurance; and (2) has not satisfied a court-rendered judgement or the person is not legally liable. Requires that the fee shall be available only for compensation to the victim or the victim's estate. Title VI: The Asia Foundation - Asia Foundation Act - Authorizes appropriations for the Secretary of State to make grants to The Asia Foundation in each of FY 1984 and 1985.
Bill· HRH.R. 3098 (98th)open
United States · United States Congress · 23 May 1983
Technology Education Assistance and Development Act of 1983 - Amends the Internal Revenue Code to allow corporations an increased income tax deduction for contributions of certain computer equipment to pre-college schools and certain other organizations which use the equipment for educational purposes. Limits the deduction to the lesser of: (1) the corporation's basis in the property plus 50 percent of its markup; or (2) twice its basis in the property. Allows corporations an income tax deduction for contributions of scientific equipment to institutions of higher education for use in direct education or in research or research training in the fields of mathematics, engineering, computer science, the physical or biological/medical sciences, and certain vocational educational programs. Allows corporations an income tax deduction for contributions of used scientific equipment to institutions of higher education. Limits the deduction to 150 percent of the taxpayer's original basis in the property, less accumulated depreciation. Expands the income tax credit for increasing research expenditures to include contract research expenses for payments to universities for faculty salaries, scholarships, grants, or loans for graduate students in mathematics, engineering, or science. Excludes such contract research expenses from the calculation of base period amounts, for purposes of determining whether the taxpayer has increased expenditures for research. Provides for an income tax exclusion for the scholarships, fellowship grants, student loan forgiveness, or stipends of a graduate student in mathematics, engineering, computer science, or the physical or biological sciences. Specifies that such tax exclusion is not forfeited merely because the student is required, as a condition of the scholarship or fellowship, to perform future service in teaching or research.
Bill· HRH.R. 3095 (98th)open
United States · United States Congress · 23 May 1983
High Technology Educational Development and Research Act of 1983 - Amends the Internal Revenue Code to allow corporations an income tax deduction for contributions of scientific and technical property or services to an institution of higher education. Defines scientific property to mean computer software or other equipment used in a trade or business, which is donated for the direct education of students and faculty, for research and experimentation, or for research training in the United States in mathematics, the physical or biological sciences, engineering, or computer science. Sets forth a formula for determining the amount of the allowable deduction for contributions of scientific property or services. Limits the amount of such deduction to ten percent of taxable income computed without regard to specified deductions. Expands the income tax credit for increasing research activities to include the cost of scientific education provided by an institution of higher education and subsidized by a corporate taxpayer. Provides for an income tax exclusion for the scholarships, fellowship grants, student loan forgiveness, or stipends of a graduate student in mathematics, engineering, computer science, or the physical or biological sciences. Specifies that such tax exclusion is not forfeited merely because the student is required, as a condition of the scholarship or fellowship, to perform future service in teaching or research.
Bill· HRH.R. 3097 (98th)open
United States · United States Congress · 23 May 1983
Amends the Internal Revenue Code to provide that the operation of a lawyer referral service by a State or local bar association shall not be treated as an unrelated trade or business for tax-exemption purposes.
Bill· HRH.R. 3096 (98th)reported
United States · United States Congress · 23 May 1983
Amends the Internal Revenue Code to treat as a foreign investment company a foreign corporation which engages primarily in trading in securities, commodities, or interests in commodities, and which is directly or indirectly at least 50 percent owned by United States persons. Provides that, if more than ten percent of a foreign-based corporation's earnings and profits are derived from U.S. sources or effectively are connected to a U.S. trade or business, any dividends distributed directly from such a corporation to a U.S. owned foreign corporation shall be treated as derived from sources within the United States. Includes offsetting position stock as property subject to tax straddle rules. Defines "offsetting position stock" as stock of a corporation formed or availed of to take positions in personal property which offset positions taken by the shareholders.
Bill· HRH.R. 3078 (98th)referred
United States · United States Congress · 23 May 1983
Amends the Internal Revenue Code to disallow an income tax deduction for business expenses paid or incurred to advertise alcoholic beverages.
Bill· SS. 1332 (98th)open
United States · United States Congress · 19 May 1983
Amends the Internal Revenue Code to qualify for the full amount of the investment tax credit certain vessels (and a barge or container which is part of the complement of such vessel) financed by capital construction funds as established under the Merchant Marine Act of 1970. (Present law requires a reduction in the investment tax credit for vessels financed by capital construction funds.)
Bill· SS. 1336 (98th)open
United States · United States Congress · 19 May 1983
Amends the Revenue Act of 1978 to make permanent the exclusion from gross income of national research service awards received from the Public Health Service.
Bill· HRH.R. 3072 (98th)open
United States · United States Congress · 19 May 1983
Renewable Energy Incentive Act of 1983 - Title I: Certain Renewable Energy Source Incentives - Amends the Internal Revenue Code to extend for five years from 1985 to 1990 the investment tax credit for: (1) solar, wind, or geothermal property; (2) ocean thermal property; (3) hydroelectric generating property; and (4) biomass property. Allows an investment tax credit for cogeneration energy property until 1990. Increases the energy percentage for solar, wind, or geothermal energy and ocean thermal property from 15 percent to 25 percent. Increases the energy percentage for hydroelectric generating property from 11 percent to 15 percent. Allows an energy percentage of ten percent for cogeneration property. Extends the residential energy income tax credit from 1985 to 1990. Allows the regular investment tax credit for energy property which is considered to be a structural component of a building and is used as air or water heating equipment for such building. Allows an investment tax credit until 1995 for affirmative commitments made for projects concerning: (1) solar, wind, or geothermal property; (2) ocean thermal property; (3) biomass property; and (4) cogeneration property. Extends for seven years from 1988 to 1995 the investment tax credit for affirmative commitments made for certain hydroelectric generating property. Increases from two to five the number of possible sites for ocean thermal property. Allows an investment tax credit for ocean thermal property which produces energy used in a possession of the United States. (Present law requires that such energy be used in the continental United States.) Title II: Biomass Incentive - Treates as biomass property methane-containing gas produced by anaerobic digestion from nonfossil waste materials. Title III: Effective Date - Sets forth the effective date of this Act.
Bill· SS. 1307 (98th)open
United States · United States Congress · 18 May 1983
Mining Reclamation Reserve Act of 1983 - Amends the Internal Revenue Code to allow surface mine operators to establish a reserve for mining land reclamation costs and to deduct additions to such reserves.
Bill· SS. 1325 (98th)referred
United States · United States Congress · 18 May 1983
Amends the Internal Revenue Code to permit States and local governments to provide statements of tax refunds, credits, and offsets to individuals at any time during the calendar year for which such governments make a return, but not later than January 31 of the year following the year of the return. (Current law requires such statements to be furnished in January of the year following the year of the return.) Eliminates the requirement to furnish such statements with respect to any refunds, credits, or offsets made before January 1, 1983.
Bill· SS. 1311 (98th)open
United States · United States Congress · 18 May 1983
Amends the Securities Exchange Act of 1934 to authorize appropriations for the Securities and Exchange Commission through FY 1985. Requires the Commission, whenever it submits any budget estimate or request to the President or the Office of Management and Budget, to also transmit copies of that estimate or request to the Appropriations Committees of the Senate and the House, to the Committees on Energy and Commerce of the House, and to the Committee on Banking, Housing, and Urban Affairs of the Senate. Requires the Commission to create at least 23 new staff positions in the division of enforcement, at least three of which to be used for criminal investigations of securities laws violations.
Bill· HRH.R. 3043 (98th)open
United States · United States Congress · 18 May 1983
Amends the Internal Revenue Code to allow income tax deductions for contributions to private foundations on the same basis as contributions to public charities (deductible up to 50 percent of the taxpayer's adjusted gross income). Redefines "lineal descendants" to include only children and grandchildren, for purposes of private foundation penalty tax rules dealing with substantial contributors. Provides that private foundation gifts to public charities do not forfeit their tax deductibility due to the disqualification of the charity's tax exemption if: (1) the gift is made before the Secretary of the Treasury publishes a notice of disqualification or before the foundation receives actual notice of disqualification; (2) and the foundation was not responsible for or aware of the charity's change in status. Exempts a private foundation from expenditure responsibility requirements if such foundation and all related foundations contribute no more than $15,000 in grants during a taxable year. Permits the Secretary to abate first tier penalty taxes on private foundations if it is determined that a violation of private foundation rules was due to a good faith error or omission and was corrected within the statutory correction period.
Bill· HRH.R. 3041 (98th)referred
United States · United States Congress · 18 May 1983
Amends the Internal Revenue Code to exclude from gross income amounts received from a public retirement system (pensions or annuities) which are attributable to services as a Federal, State, or local police officer or fire fighter.
Bill· HRH.R. 3051 (98th)referred
United States · United States Congress · 18 May 1983
Amends the Internal Revenue Code to allow tax-exempt treatment (interest excluded from gross income) for industrial development bonds used for residential rental housing in mixed-use structures.
Bill· HRH.R. 3039 (98th)referred
United States · United States Congress · 18 May 1983
Amends the Internal Revenue Code to exclude from gross income up to $2,000 of the compensation received by an auxiliary police officer or volunteer fire fighter.
Bill· HRH.R. 3048 (98th)referred
United States · United States Congress · 18 May 1983
Amends the Internal Revenue Code to provide a refundable income tax credit equal to 15 percent of the purchase and installation price of a security device placed in a building or residence. Allows a maximum credit of $400. Includes as security devices eligible for such credit locks and fire, smoke, temperature, gas, anti-theft, anti-intrusion, and personal health emergency alarms. Excludes bars, screens, and other physical barriers.
Bill· SS. 1305 (98th)open
United States · United States Congress · 17 May 1983
Renewable Energy Tax Incentive Act of 1983 - Amends the Internal Revenue Code to extend the residential energy income tax credit for renewable energy sources for five years from 1985 to 1990. Increases from 15 percent to 25 percent the investment tax credit for solar, wind, geothermal, and ocean thermal property. Extends such credits for five years from 1985 to 1990. Extends such credits for hydroelectric generating property and biomass property for five years from 1985 to 1990. Reestablishes the credit for congeneration property until 1990. Qualifies until 1995 affirmative commitments for solar, wind, geothermal, ocean thermal, biomass, and cogeneration projects begun by December 31, 1990. Eliminates the 20 percent limitation for oil and natural gas used in cogeneration facilities. Allows the regular investment tax credit percentage with respect to certain energy property even if such property is a structural component of a building. Qualifies as biomass property methane-containing gas produced by anaerobic digestion from nonfossil waste materials. Revises the definition of geothermal deposit to lower the required temperature to 104 degrees Fahrenheit. (Present regulations require a temperature of 122 degrees Fahrenheit.)
Bill· SS. 1303 (98th)open
United States · United States Congress · 17 May 1983
Amends the Internal Revenue Code to make certain types of heat pumps eligible for the residential energy income tax credit and the investment tax credit for energy property. Qualifies for such credit heat pumps which transmit or use solar energy stored in ground water.
Bill· SS. 1301 (98th)referred
United States · United States Congress · 17 May 1983
Amends the Internal Revenue Code to allow a refundable income tax credit for expenses incurred for qualified elderly care expenses for a qualifying family member. Allows an income tax credit of 30 percent of the expenses incurred for taxpayers with incomes of $10,000 or less. Reduces the rate of such credit, but not below 20 percent, by one percent for each $2,000 of taxpayer income in excess of $10,000. Limits such credit to taxpayers with an adjusted gross income of less than $50,000. Imposes a maximum $7,000 limit on the amount of elderly care expenses taken into account. Defines "qualified family member" as any individual who: (1) is related to the taxpayer by blood or marriage; (2) is at least 75 years of age (or diagnosed with senile dementia); and (3) has a family income of $15,000 or less. Defines "qualified elderly care expenses" as payments for: (1) home health agency services; (2) homemaker services; (3) adult day care; (4) respite care; or (5) certain health care equipment and supplies.
Bill· SS. 1295 (98th)open
United States · United States Congress · 17 May 1983
Amends the Tariff Act of 1930 to authorize appropriations for FY 1984 for the U.S. International Trade Commission. Amends the Customs Procedural Reform and Simplification Act of 1978 to authorize appropriations for FY 1984 for the U.S. Customs Service. Earmarks a specified amount for the enforcement of laws relating to steel imports. Directs the Commissioner of Customs to notify the Senate Finance Committee and House Ways and Means Committee at least 90 days before taking any action which would: (1) result in a significant reduction in force of employees other than by means of attrition; (2) eliminate or relocate a Customs Service office; (3) eliminate a port of entry; (4) reduce the number of employees assigned to an office or port of entry. Amends the Tariff Act of 1930 to require that a ship's manifest include the names of the shippers of merchandise on board the vessel. Requires certain information, when contained on a ship's manifest, to be available for public disclosure. Exempts such information from public disclosure if: (1) the Secretary determines that disclosure is likely to pose a threat of personal injury or property damage; or (2) the information is otherwise exempt under Federal law. Directs the Secretary to establish procedures to provide access to manifests. Amends the Trade Act of 1974 to authorize appropriations for the Office of the United States Trade Representative for FY 1984. Limits the amount that may be used for entertainment and representation expenses.
Bill· HRH.R. 3025 (98th)open
United States · United States Congress · 17 May 1983
Amends the Internal Revenue Code to exempt from the 30 percent tax on the income of nonresident alien individuals and foreign corporations any interest received from certain portfolio debt investments. Makes such exemptions inapplicable upon a determination by the Secretary of the Treasury that the exchange of information between the United States and a foreign country is inadequate to prevent income tax evasion. Excludes from the gross estate of a nonresident alien for purposes of the estate tax, any interest eligible for the income tax exemption under this Act.
Bill· HRH.R. 3031 (98th)open
United States · United States Congress · 17 May 1983
Long-Range Research and Development Tax Planning Act of 1983 - Amends the Economic Recovery Tax Act of 1981 to make permanent the income tax credit for increasing research activities.
Bill· HRH.R. 3028 (98th)open
United States · United States Congress · 17 May 1983
Amends the Internal Revenue Code to provide that tax-exempt interest shall not be taken into account in determining the amount of social security benefits subject to tax.
Bill· HRH.R. 3030 (98th)open
United States · United States Congress · 17 May 1983
Amends the Internal Revenue Code to exclude from gross income unemployment compensation payments (otherwise includible under the Revenue Act of 1978) which were made in 1979 after legal challenges to a 1973 work stoppage failed.
Resolution· HRESH.Res. 198 (98th)passed
United States · United States Congress · 17 May 1983
Sets forth the rule for the consideration of H.R. 2915 (Department of State and related agencies funding).