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401 records in US in 1985
United States · United States Congress · 6 May 1985
Amends the Internal Revenue Code to provide that percentage depletion shall not be allowable for lease bonuses, advance royalties, or similar payments with respect to oil and gas properties.
United States · United States Congress · 6 May 1985
Amends the Internal Revenue Code to exempt from tax any gain realized on the sale or exchange of real property. Imposes an excise tax on each real estate deed used for the conveyance of real property. Sets the amount of such tax at two percent of the purchase price of the real property conveyed by such deed. Provides that such tax shall be paid by any person who makes, signs, or issues the real estate deed or for whose benefit the real estate deed is made, signed, or issued.
United States · United States Congress · 2 May 1985
Department of Justice Appropriation Authorization Act, Fiscal Year 1986 - Authorizes appropriations for FY 1986 to the Department of Justice for: (1) general administration; (2) the United States Parole Commission; (3) general legal activities; (4) the Foreign Claims Settlement Commission; (5) the Antitrust Division; (6) United States Attorneys and Marshals; (7) support of United States prisoners in non-Federal institutions; (8) certain administrative expenses including notarial fees and compensation for witnesses and informants; (9) fees and expenses of witnesses; (10) the Community Relations Service; (11) the Federal Bureau of Investigation (FBI); (12) the Drug Enforcement Administration (DEA); (13) the Immigration and Naturalization Service; and (14) the Federal Prison System. Provides general authorizations for: (1) leasing automobiles; (2) emergency expenses; (3) benefits for overseas employees; (4) official reception and representation expenses; (5) travel expenses for family members accompanying officers and employees on temporary duty or during orientation or training; (6) antiterrorism training; (7) Cuban and Haitian entrants; (8) travel advances issued to Special Agents of the Department of Justice; and (9) fees and expenses of witnesses activities. Directs the Attorney General to perform periodic evaluations of the overall efficiency and effectiveness of the Department of Justice. Authorizes the Attorney General to appropriate funds for the expenses necessary to host the meeting of the General Assembly of Interpol and to sponsor Interpol conferences on international crime. Authorizes the Department of Justice to accept gifts of property for the purpose of aiding or facilitating the work of the Department of Justice. Imposes limitations. Allows the Foreign Claims Settlement Commission of the United States to make payments from its appropriations for the hire of passenger motor vehicles and for advances of funds abroad. Provides guidelines with respect to undercover investigative operations of the FBI and the prosecution of crimes against the United States and for the collection of foreign intelligence or counterintelligence. Permits establishment of corporations or business entities as part of an undercover operation. Establishes similar guidelines with respect to any undercover investigative operations of the DEA. Requires the FBI and the DEA to report annually to the Congress on undercover investigative operations.
United States · United States Congress · 2 May 1985
Department of Justice Appropriation Authorization Act, Fiscal Year 1986 - Authorizes appropriations for FY 1986 to the Department of Justice for: (1) general administration; (2) the United States Parole Commission; (3) general legal activities; (4) the Foreign Claims Settlement Commission of the United States; (5) the Antitrust Division; (6) United States attorneys; (7) United States marshals; (8) support of U.S. prisoners in non-Federal institutions; (9) fees and expenses of witnesses; (10) the Community Relations Service; (11) the Federal Bureau of Investigation (FBI); (12) the Immigration and Naturalization Service; (13) the Drug Enforcement Administration (DEA), including activities under the Controlled Substances Act; (14) the Federal Prison System; (15) the United States trustees; and (16) the President's Commission on Organized Crime. Authorizes appropriations for: (1) travel expenses for family members accompanying officers and employees on temporary duty or during orientation or training; (2) expenses incurred while attending meetings; (3) increases in salary, pay, retirement or other employee benefits; and (4) undercover investigative operations of the FBI or DEA necessary for the detection and prosecution of crimes against the United States and for the collection of foreign intelligence or counterintelligence. Requires the FBI and the DEA to report annually to the Congress on undercover investigative operations. Requires notice to specified congressional committees before certain funds are reprogrammed. Directs the Attorney General to perform periodic evaluations of the overall efficiency and effectiveness of the Department of Justice. Provides funds for Cuban and Haitian entrants. Requires the Attorney General to report to each House of the Congress within 30 days of determining to contest, refrain from defending, or refrain from enforcing any provision of Federal law. Prohibits any funds appropriated by this Act from being used to overturn or alter the per se prohibition against resale price maintenance in effect under the Federal antitrust laws. Prohibits the use of funds to reopen any discrimination litigation that resulted in a decree or judgment requiring distinctions based on class membership or to obtain the entry or modification of a consent decree in any civil action providing for equal rights unless the Attorney General provides for notice and a hearing.
United States · United States Congress · 2 May 1985
Amends the Internal Revenue Code to allow construction workers to take an income tax deduction for travel expenses incurred while away from home in pursuit of a trade or business if: (1) the job site is at least 30 miles from the residence of the construction worker; and (2) the job site is a temporary job site or a remote job site.
United States · United States Congress · 2 May 1985
Allows claims for credit or refund of income tax due to deductions for transportation expenses incurred during 1970 through 1974 with respect to employment at the antiballistic missile site near Nekoma, North Dakota.
United States · United States Congress · 1 May 1985
National Security Programs Authorization Act for Fiscal Year 1986 - Title I: National Security Programs Operating Expenses : - Authorizes appropriations for the Department of Energy (DOE) for FY 1986 for plant and capital equipment and operating expenses in carrying out national security programs in the following areas: (1) weapons activities; (2) defense nuclear materials production; (3) defense nuclear waste and byproduct management; (4) verification and control technology; (5) nuclear materials safeguards and security technology development; (6) security investigations; and (7) naval reactors development. Title II: Recurring General Provisions Reprogramming - Prohibits the use of funds authorized under this Act where the costs of the program exceed 105 percent of the program authorization or the costs exceed by more than $10,000,000 the amount authorized by this Act, whichever is the lesser. Prohibits the use of funds authorized by this Act for programs which have not been presented to or requested of the Congress unless the Secretary of Energy transmits to the appropriate committees a full and complete statement of the action proposed. Authorizes the Secretary to carry out any general plant project only if the maximum estimated cost of the project does not exceed $1,200,000. Sets forth procedures for the approval of projects which exceed by more than 25 percent their estimated cost, and exempts from such procedures any project which have an estimated cost of less than $5,000,000. Allows the transfer of funds from specified projects to other Government agencies for the performance of work for which the appropriation is made. Authorizes the Secretary to perform construction design services for construction projects in support of national security programs.
United States · United States Congress · 1 May 1985
Amends the Internal Revenue Code to allow individuals with developmental disabilities an income tax deduction for extra commuting expenses incurred as a result of such disability. Extends such deduction to taxpayers who do not otherwise itemize deductions.
United States · United States Congress · 30 April 1985
Department of Justice Appropriation Authorization Act, Fiscal Year 1986 - Authorizes appropriations for FY 1986 to the Department of Justice for: (1) general administration; (2) the United States Parole Commission; (3) general legal activities; (4) the Foreign Claims Settlement Commission; (5) the Antitrust Division; (6) United States Attorneys and Marshalls; (7) support of United States prisoners in non-Federal institutions; (8) certain administrative expenses including notarial fees and compensation for witnesses and informants; (9) fees and expenses of witnesses; (10) the Community Relations Service; (11) the Federal Bureau of Investigation (FBI); (12) the Drug Enforcement Administration (DEA); (13) the Immigration and Naturalization Service; and (14) the Federal Prison System. Provides general authorizations for: (1) leasing automobiles; (2) emergency expenses; (3) benefits for oversea employees; (4) official reception and representation expenses; (5) travel expenses for family members accompanying officers and employees on temporary duty or during orientation or training; (6) antiterrorism training; (7) Cuban and Haitian entrants; (8) travel advances issued to Special Agents of the Department of Justice; and (9) fees and expenses of witnesses activities. Directs the Attorney General to perform periodic evaluations of the overall efficiency and effectiveness of the Department of Justice. Authorizes the Attorney General to appropriate funds for the expenses necessary to host the meeting of the General Assembly of Interpol and to sponsor Interpol conferences on international crime. Authorizes the Department of Justice to accept gifts of property for the purpose of aiding or facilitating the work of the Department of Justice. Imposes limitations. Allows the Foreign Claims Settlement Commission of the United States to make payments from its appropriations for the hire of passenger motor vehicles and for advances of funds abroad. Provides guidelines with respect to undercover investigative operations of the FBI and the prosecution of crimes against the United States and for the collection of foreign intelligence or counterintelligence. Permits establishment of corporations or business entities as part of an undercover operation. Establishes similar guidelines with respect to any undercover investigative operations of the DEA. Requires the FBI and the DEA to report annually to the Congress on undercover investigative operations.
United States · United States Congress · 30 April 1985
Amends the Internal Revenue Code to increase the income tax credit for child care expenses 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.
United States · United States Congress · 30 April 1985
Distilled Spirits Tax Payment Act of 1985 - Amends the Internal Revenue Code to allow the transfer in bond between bonded premises of distilled spirits on which tax has not been paid or determined. Allows a bonded dealer to establish a distilled spirits plant. Sets forth requirements for the operation of a distilled spirits plant by a bonded dealer. Defines "bonded dealer" as any wholesale dealer who has elected to establish a distilled spirits plant and engages in the business of purchasing distilled spirits from the primary source of supply for resale exclusively at wholesale to independent retail dealers or other wholesale dealers. Provides that every proprietor or possesser and every person interested in the premises of a distilled spirits plant shall be jointly and severally liable for the taxes imposed on distilled spirits. Authorizes the Secretary of the Treasury to make an assessment for tax on distilled spirits not accounted for by a bonded dealer. (Present law limits such requirement to a distiller.) Provides that the credit for wine content and for flavors content shall be determined and allowable as a reduction in the rate of tax on the payment of tax by the proprietor of a distilled spirits plant, bonded dealer, or other taxpayer liable for the payment of the excise tax on such products. Allows a State or political subdivision which engages in the sale of distilled spirits to file monthly returns of taxes (rather than semimonthly). Provides that the exemption from the occupational tax shall not apply to a proprietor of a distilled spirits plant whose premises are used for operations of a bonded dealer. Sets forth certain transitional rules. Provides that no domestically produced or bottled spirits in the inventory of a bonded dealer on the effective date of this Act on which the Federal excise tax has been paid shall be subject to the filing of an excise tax return and the payment of excise tax.
United States · United States Congress · 30 April 1985
Amends the Internal Revenue Code to provide an exemption from the minimum tax for capital gains on sales of farm property by insolvent farmers.
United States · United States Congress · 29 April 1985
National Defense Authorization Act for Fiscal Year 1986 - Division A: Department of Defense Authorization - Department of Defense Authorization Act, 1986 - Title I: Procurement - Authorizes appropriations for FY 1986 for procurement for the Army of aircraft, missiles, weapons, tracked combat vehicles, and ammunition and for the unspecified procurement. Prohibits funds appropriated pursuant to this or any other Act from being used for procuring the Division Air Defense system or for the purpose of entering into a new contract for the production and assembly of the Division Air Defense System until certain steps are taken. Prohibits the Secretary of the Army from entering into a multiyear contract for the procurement of the Armored Combat Earthmover (ACE). Prohibits funds authorized under this title from being used to contract for the procurement of 5-ton Army trucks until the Secretary certifies to the Committees on Armed Services of the Senate and the House that all engines for such trucks have undergone certain testing. Authorizes the Secretary to extend up to 18 months the 5-ton truck multiyear procurement contract in effect on the date of enactment of this Act. Authorizes the Secretary to award a multiyear contract for the procurement of 5-ton trucks not later than May 1, 1986, or notify the Committees on Armed Services of the Senate and the House of the impracticability of such a contract before February 1, 1986. Permits the use of funds appropriated for the multiple launch rocket system (MLRS) program for FY 1985 to make economic order quantity material and component purchases for use with MLRS program end items proposed for procurement in FY 1989. Authorizes appropriations for the Navy and Marine Corps for FY 1986 for the procurement of aircraft, missiles, weapons, racked combat vehicles, shipbuilding and conversion, and for other unspecified procurement. Authorizes the Secretary of the Navy to enter into multiyear contracts for the purchase of LHD-1 class amphibious assault ships. Permits such contracts to include an unfunded cancellation ceiling. Sets aside a specified amount of the funds authorized for shipbuilding and conversion to be available only for the aircraft carrier service life extension program. Prohibits a certain amount of such set-aside funds from being obligated or expended until the Secretary of the Navy makes certain certifications to the Committees on Armed Services of the Senate and the House concerning a service life extension program for the U.S.S. Kitty Hawk. Prohibits funds authorized under this title from being obligated or expended for the procurement of C-12 or C-12 type aircraft unless such aircraft are procured through competitive procedures. Prohibits funds appropriated for shipbuilding and conversion from being obligated or expended until the Secretary of Defense has reported to the Committees on Armed Services of the Senate and the House on procedures which would permit allied or friendly nations to construct diesel- eletrict submarines in U.S. shipyards. Prohibits the Secretary of the Navy from entering into multiyear contracts for the procurement of P-3C Orion aircraft. Authorizes appropriations for the Air Force for FY 1986 for procurement of aircraft, missiles, and for other procurement. Authorizes appropriations for the reserve components of the armed forces for FY 1986 for procurement of aircraft, missiles, tracked combat vehicles, ammunition, and other weapons, and for other unspecified procurement. Authorizes appropriations to the defense agencies for FY 1986. Extends through FY 1986 the authority of the Secretary of Defense, in carrying out the Multilateral Memorandum of Understanding Between the NATO Ministers of Defense concerning the NATO AWACS program, to waive the reimbursement for the cost of specified functions performed by certain personnel and to assume contingent liability for program losses and specified charges. Title II: Research, Development, Test, and Evaluation - Authorizes appropriations for the armed forces and defense agencies for FY 1986 for research, development, test and evalution. Requires that a specified amount of the funds authorized to the Navy be used only for the Navy Oceanography Program. Requires that specified amounts of the funds authorized to the defense agencies to be used for: (1) the hardened ballistic missile materials program; and (2) computer and related research at Syracuse University, New York. Requires, before any decision is made regarding the full-scale development of a small intercontinental ballistic missile or the selection of its basing sites, the Secretary of the Air Force to submit to the appropriate congressional committees an environmental impact statement with respect to such development and basing. Title III: Operation and Maintenance - Authorizes appropriations for the armed forces and defense agencies for FY 1986 for operation and maintenance, including funds for the reserve forces, the National Guard, the National Board for the Promotion of Rifle Practice, defense claims, and the Court of Military Appeals. Authorizes the transfer of funds from the Foreign Currency Fluctuations Defense Fund to the operation and maintenance accounts of the military departments in specified amounts. Authorizes additional appropriations for increases in civilian personnel costs, unbudgeted increases in fuel costs, and inflation. Authorizes appropriations for FY 1986 for the working capital funds of the armed forces and defense agencies. Requires the Secretary of Defense, not later than December 1, 1985, to submit to the appropriate committees of the Congress a plan for the establishment and operation during FY 1986 of a pilot program for the exchange of visits between high-ranking U.S. military and civilian officers and personnel and their counterparts from the Soviet Union. Outlines details to be included in such plan. Authorizes certain appropriated funds to be available for travel and subsistence expenses for those participating in such program from the United States. Authorizes the Secretary of Defense to use certain funds appropriated to the Department of Defense (DOD) in support of the Tenth International Pan American Games to be held in Indianapolis, Indiana, in August 1987. Directs that such support be in the form of logistical support, personnel services, and other services and equipment. Title IV: Personnel Authorizations - Part A: Active Forces - Authorizes strengths for active duty personnel as of the end of FY 1986. Amends the Department of Defense Authorization Act, 1981 to extend for one year the limitation on the enlistment for active duty in the armed forces of persons whose score on the Armed Forces Qualification Test is below a prescribed level. Part B: Reserve Forces - Authorizes average strengths for the selected reserve components of the armed forces for FY 1986. Permits the reduction and increase in such strengths as specified. Authorizes a specified number of reserves to serve on full-time active duty in order to organize, administer, instruct, recruit, or train the reserve components. Permits the end strength levels to be increased by two percent in the national interest. Part C: Civilian Personnel - Authorizes an end strength for civilian personnel for the Department of Defense for FY 1986. Requires the apportionment of such personnel among the various military branches and departments. Requires the Secretary of Defense to report to the Congress on such allocation within 60 days after the enactment of this Act. Specifies the types of civilian employees to be included in such end strengths. Permits the Secretary to increase the number of such personnel by two percent in the national interest. Directs the Secretary to notify the Congress of any such increase. Part D: Military Training Student Loads - Authorizes average military training student loads for each component of the armed forces for FY 1986. Requires the adjustment of such loads as the manpower strengths of each component are adjusted. Title V: Compensation and Other Benefits; Educational Assistance and Miscellaneous Personnel Matters - Prohibits adjustment to compensation levels of members of the uniformed services in conformity with adjustment to GS-level compensation to Federal employees during FY 1986. Increases by three percent the rates of basic pay, basic allowance for quarters, and basic subsistence allowance for members of the uniformed services, effective January 1, 1986. Prohibits a member of the uniformed services serving in Alaska or Hawaii from being paid a station housing allowance. Excepts from such provision those already serving in Alaska or Hawaii the day before the enactment of this Act. Prohibits all such members receiving a station housing allowance from receiving a variable housing allowance. Prohibits a member from receiving housing allowances which exceed actual housing costs. Allows the basic allowance for quarters and the variable housing allowance to be paid in advance. Increases the Family separation allowance. Requires temporary lodging expenses to be paid to a member making a permanent change in a duty station. Increases the mileage allowance for minor dependents of members making a permanent change in duty stations. Increases the weight allowances for the transportation of household goods of members making a permanent change in duty stations, according to a table based on pay grades. Extends through September 30, 1985, the availability of funds appropriated under the Department of Defense Appropriations Act, 1985 to execute agreements for the continuation of pay to certain dental officers. Part B: Extension of Expiring Bonus Authority, Benefits, and Personnel Management Authorities - Extends for one year, through FY 1986, the authority to provide reimbursement in place of quarters to crew members assigned to a naval vessel rendered temporarily uninhabitable. Extends the special pay provisions for certain Navy aviation career officers from FY 1985 to 1986. Extends for two years, through FY 1987, the authority to pay reenlistment bonuses and bonuses to reserve commissioned officers who extend their periods of active duty. Increases the number of certain officer personnel who may be on active duty in specified grades. Part C: Educational Assistance Programs - Authorizes Secretary of Defense to repay any loan made, insured, or guaranteed under part B of the Higher Education Act of 1965, or any loan made under part E of such Act, after October 1, 1975. Specifies those who qualify to have their loans so repaid. Specifies percentages and maximum amounts of such loan repayments. Defines loan repayment recipients as those persons who enlist or reenlist in the Selected Reserve of the Ready Reserve of an armed force or who enlist or reenlist for service on active duty after September 30, 1980. Amends the Veterans' Educational Assistance Act of 1984 to repeal the requirement that a member must have served on active duty without a break in such service since December 31, 1976, in order to be eligible for veteran' educational assistance under such Act. Reduces by $100 per month for 12 months the basic pay of a member who elects to become entitled to such assistance. Requires an election by a member to receive such assistance within 120 days of entering upon active duty. Provides for revocation of such election. Provides for reimbursement to a member of that portion by which the $100-per-month pay reduction exceeds the amount of educational assistance received for any reason. Authorizes the Secretary of the Navy to permit a member to transfer all or a portion of such educational entitlement to a spouse or dependent children upon certain conditions. Part D: Miscellaneous Personnel Matters and Benefits - Limits the size of certain headquarter staffs within the Department of Defense. Authorizes the Governor of the U.S. soldiers' and Airmen's Home to exempt up to two physicians employed by the Home from reductions in retired pay due to such employment. Revises general military law clarifying the precedence of the Purple Heart award. Authorizes the President to advance two retired lieutenant generals to the grade of general on the retired list of the Air Force. Authorizes members of the Selected Reserve of the Ready Reserve to have limited use of commissary stores. Repeals the test program on such use by Selected Reserve members created under the Department of Defense Authorization Act, 1984. Title VI: Procurement Policy Reform and Other Procurement Matters - Defense Procurement Improvement Act of 1985 - Requires the Secretary of Defense to prepare an acquisition plan before the completion of the full-scale engineering development of a major defense acquisition program. Requires the establishment and maintenance of two or more production sources as part of such strategy. Allows single production sources only in certain limited circumstances. Directs the Secretary to report to the Congress explaining the planned acquisition strategy for each major defense acquisition program not later than the time that a budget request for initial production of the system is made. Requires the Secretary to explain the reasons for use of a single production source if such is chosen. Requires the Secretary to perform a cost analysis for each major defense acquisition program during the first four years of production under such program. Provides for the waiver of such cost analysis in certain instances if the Committees on Armed Services of the Senate and House of Representatives are properly notified of such waiver by the Secretary. Requires the Secretary to report annually to such Committees the cost of performing such analyses and the savings believed to be achieved. Directs the Secretary of each military department to issue regulations establishing minimum requirements in education, training, and prior experience for program managers of major defense acquisition programs. Outlines minimum education and experience requirements for such program managers. Requires the Secretary of each military department to issue regulations establishing minimum requirements in education, training, and prior experience for brigadier generals, commodores, or any higher grade officers assigned to duty in any material, system, or logistics command in a military branch. Directs the Secretary of Defense to develop a training program for all personnel of DOD responsible for assuring quality control in contractor facilities. Requires such employees to attend the program during the first six months of their assignment. Amends military procurement provisions to increase the reporting and disclosure requirements for certain former employees of DOD concerning duties performed with defense contractors. Increases the liability of a person failing to comply with such requirements. Requires certain present DOD employees who contact or are contacted by a defense contractor concerning future employment opportunities to make certain disclosures concerning such possible employment if he or she participated personnally and substantially as a DOD employee in a permanent contract awarded to such defense contractor. Outlines information to be included in such reporting requirement and imposes liability for failure to comply with such requirements as determined by the Secretary of Defense. Authorizes appropriations for FY 1986 and 1987 to carry out the procurement technical assistance cooperative agreements programs and certain administrative provisions of this Act. Requires in any Federal court proceeding in which the reasonableness of general or administrative costs for which a defense contractor seeks reimbursement from the DOD are in issue that the burden of proof be upon such contractor to establish the reasonableness of such costs. Title VII: Department of Defense Efficiency and Economy Matters - Department of Defense Efficiency and Economy Act of 1985 - Directs the Secretary of Defense, within 90 days after enactment of this Act, to issue proposed regulations dealing with the unallowability of contractor indirect costs. Requires the Secretary, in determining allowable costs, to consider whether the costs incurred benefit the United States or are necessary for the operation of the business. Specifies certain costs which should be considered unallowable under such new regulations. Authorizes the Secretary to make disallowances and to assess a penalty of three times the disallowed expense whenever there is clear and convincing evidence that such expense is disallowable. Considers as a false claim specifically punishable under specified Federal law an expense submitted by a contractor for reimbursement that was not actually incurred. Requires the Secretary, within 90 days after the enactment of this Act, to report to the Armed Services Committees of the Congress on specific actions taken to address the problems related to spare parts purchasing by DOD. Requires the Secretary to issue proposed regulations and legislation as part of such report if such problems have not been remedied. Increases penalties under specified provisions of Federal law for the making of false claims in DOD procurement. Makes rate-of-wages provisions under the Davis-Bacon Act inapplicable for labor performed in connection with military construction projects. Revises provisions dealing with wage-rate determinations to consider local wage rates for private industry (currently, surveys of wages paid outside the local area are used) when determining the prevailing rate for employees employed under certain DOD contracts. Makes inapplicable to DOD contracts certain Federal provisions which require an overtime rate of pay for work performed after eight hours of work per day. Provides in such contracts that the overtime rate will instead be paid after ten hours of work per day. Removes restrictions on contracting-out authority of the Secretary if he or she determines that such contracting-out would be cost-effective and in the best interest of the national defense. Authorizes the Secretary to close or realign any military installation if the President submits a budget reflecting a budget deficit in a fiscal year and the Secretary notifies the Congress at least 60 days prior to taking action. Title VIII: National Defense Stockpile - Authorizes the President, effective October 1, 1985, to dispose of certain quantities of specified materials currently held in the National Defense Stockpile. Requires to be deposited into the National Defense Stockpile Transaction Fund 30 percent of all money accruing to the United States during FY 1986 from land in the naval petroleum and oil shale reserves. Title IX: General Provisions - Limits to $1,000,000,000 the size of the Special Defense Acquisition Fund. Grants limited authority for the Secretary of Defense to exceed the permanent ceiling on U.S. forces assigned to NATO. Requires the Secretary of Defense, within 60 days of the date of enactment of this Act, to advise the Committees on Armed Services of the Senate and the House of Representatives, in writing, of his or her views regarding the desirability of legislation that would prohibit the inclusion of contractor administrative and general overhead expenses in the computation of contractor profits. Limits the use of authorized funds in conducting polygraph examination tests. Directs the Secretary of Defense, not later than December 31, 1986, to report to the Committees on Armed Services of the Senate and the House of Representatives on the use of polygraph examinations administered by or for DOD during FY 1986. Outlines details to be included in such report. Requires the Secretary to establish and report annually on a continuing polygraph research program to support polygraph activities within DOD. Authorizes the appropriation of funds to DOD for such program. Provides certain restrictions on the contracting for educational services which are provided to members of the armed forces or civilian DOD employees or their dependents. Directs the President, not later than December 1, 1985, and not later than December 1 of each year thereafter, to report to the Congress concerning the Soviet Unions's compliance with arms control commitments. Directs the Secretary of Defense, not later than April 1, 1986, to report to the Armed Services Committees of the Senate and House of Representatives on the continued use of independent cost estimates in the planning, programming, budgeting, and selection process for major defense acquisition program in DOD. Outlines details to be included in such report. Extends through 1988 certain reporting dates for the Commission on Merchant Marine and Defenses. Directs the President, in submitting a proposes budget for FY 1988, to submit a single proposed budget for DOD and related agencies for FY 1988 and 1989 and thereafter to submit a two-year proposed budget for DOD and related agencies biennially. Requires the Secretary of Defense, not later than July 1, 1986, to submit to the Committees on Armed Services and on Appropriations of the Senate and House of Representatives a report containing the Secretary's view on certain aspects of the proposed two-year defense budget. Abolishes the position of Administrator of Education for Overseas Dependents, the Office of Education for Overseas Dependents, and certain functions transfers from DOD related to overseas education. Revises provisions concerning the orgnization of the Advisory Council on Dependents' Education. Extends and expands the authority of the Secretary of Defense to transport humanitarian relief supplies to certain countries. Declares as a policy of the Congress that: (1) it supports the objective of the U.S. to reverse the erosion of the arms-limitation treaty between the U.S. and the U.S.S.R.; and (2) the Congress' approval for funds for research on the Strategic Defense Initiative does not express or imply an intention to abrogate or erode such treaty. Authorizes appropriations for FY 1986 for the purchase of foreign currencies from the Treasury Department to carry out DOD programs. Prohibits the use of any funds appropriated under authorization in this Act to be used for the B1-B aircraft program unless the Secretary of Defense first notifies the Committees on Armed Services of the Senate and House of Representatives. Division B: Military Construction - Military Construction Authorization Act, 1986 - Title I: Army - Authorizes the Secretary of the Army to acquire real property and carry out military construction projects in specified amounts at specified installations and locations. Permits the Secretary to construct or acquire family housing units at specified in amounts. Permits the Secretary to improve existing military family housing units. Title II: Navy - Authorizes the Secretary of the Navy to acquire real property and carry out military construction projects in specified amounts at specified installations and locations. Permits the Secretary to construct or acquire family housing units at specified installations in specified amounts. Permits the Secretary to improve existing military family housing units. Authorizes the Secretary to convert four transient housing units in Chinhae, Korea, to family housing units. Restricts the obligation or expenditure of funds appropriated for Naval Strategic Homeporting until the Secretary reports to the Congress on such and 90 days elapse after such report is received. Title III: Air Force - Authorizes the Secretary of the Air Force to acquire real property and carry out military construction projects in specified amounts at specified installations and locations. Permits the Secretary to construct or acquire family housing units at specified installations in specified amounts. Permits the Secretary to improve existing military family housing units. Restricts the obligation or expenditure of funds appropriated for the construction of ground launch cruise missile facilities in the Netherlands until that country has approved the deployment of such missiles there. Title IV: Defense Agencies - Authorizes the Secretary of Defense to acquire real property and carry out military construction projects in specified amounts at specified installations and locations. Permits the Secretary to construct or acquire 20 family housing units for a specified amount at classified locations. Permits the Secretary to improve existing military family housing units. Authorizes the Secretary to contract for the design and construction of a research and engineering facility for the National Security Agency in Fort Meade, Maryland. Title V: North Atlantic Treaty Organization Infrastructure - Authorizes the Secretary of Defense to make contributions for the North Atlantic Treaty Organization (NATO) Infrastructure program. Title VI: Authorization of Appropriations and Recurring Administrative Provisions - Authorizes appropriations for fiscal years after FY 1985 for construction, land acquisition, and military family housing functions of the Department of the Army, the Navy, and the Air Force and the defense agencies. Authorizes appropriations for the NATO Infrastructure program. Limits the total costs of all projects to the total amounts authorized to be appropriated for each military department concerned. States that such authorizations shall expire at the end of FY 1987 except as otherwise specified. Establishes maximum amounts on certain expenditures, including unspecified minor military construction projects and per unit improvement and rental costs for military family housing. Title VII: Guard and Reserve Forces Facilities - Authorizes appropriations for fiscal years after FY 1985 for the costs of acquisition, architectural and engineering services, and construction of facilities for the guard and reserve forces. Title VIII: General Provisions - Prohibits the Secretary of a military department from contracting for the acquisition of any interest in land exceeding $100,000 unless the Secretary notifies the appropriate congressional committees of intent to do so and 21 days elapse after such notification. Raises from $100,000 to $400,000 the maximum interest in land a Secretary may purchase. Requires a member of the armed forces who moves out of an assigned military family housing unit to leave such unit in a satisfactorily clean condition or be liable to the United States for the cleaning costs of such unit. Expands activities and expenses to be included within authorizations for military family housing. Extends to October 1, 1986, the authority of the Secretary of a military department to enter into contracts for the leasing of military family housing where there exists a deficit in available family housing. Authorizes the Secretary concerned to enter into agreements under certain conditions with the Secretary of State whereby the Secretary of State provides housing and related services to personnel under the jurisdiction of the Secretary concerned who are assigned to duty in a foreign country. Requires notification to the Congress and a 21-day lapse period before such agreements may take effect. Changes from October 1, 1985, to October 1, 1986, the effective date for the repeal of Federal law relating to the sale and replacement of nonexcess real property and the abolition of the Department of Defense Facilities Replacement Management Account. Authorizes the Secretary of Defense to carry out sale and replacement transactions with respect to specified facilities at Schofield Barracks, Hawaii, and March Air Force Base, California. Requires the Administrator of General Services to transfer certain surplus land adjacent to Fort McNair, Washington, D.C., to the Secretary of the Army for use in connection with the National Defense University. Directs the Administrator to reacquire certain land previously conveyed to the city of Los Angeles and to transfer such land to the Secretary of the Air Force to be used for military family housing. Authorizes the Secretary of the Army to sell a tract of land within Fort Jackson, South Carolina, known as the Gregg Circle Area. Requires the sale of the Gregg Circle Area tract to be carried out under public advertisement and competitive bidding, with the Secretary, before any contract for the sale of such land is entered into, to report to the appropriate congressional committees on the procedures used in selecting a buyer and allow 21 days to elapse after such report is submitted. Authorizes the Secretary to use the proceeds from such sale for specified housing improvement facilities at Fort Jackson. Prohibits any funds appropriated under this Act from being available for any project which all requirements under the National Environmental Policy Act of 1969 have not been completed as of March 29, 1985, with specified exceptions. Amends the Military Construction Authorizations Act, 1985 to convey a portion of March Air Force Base, California, to Air Force Village West corporation to be used as security for financing the construction of facilities on such land. Revises Federal law concerning building-height restrictions on Santa Rosa Island, Florida. Division C: Department of Energy National Security and Military Applications of Nuclar Energy Authorization - National Security Program Authorization Act for Fiscal Year 1986 - Title I: National Security Programs Operating Expenses : - Authorizes appropriations for the Department of Energy (DOE) for FY 1986 for plant and capital equipment and operating expenses in carrying out national security programs in the following areas: (1) weapons activities; and (2) defense nuclear materials production; (3) defense nuclear waste land byproduct management; (4) verification and control technology; (5) nuclear materials safeguards and security technology development; (6) security investigations; and (7) naval reactors development. Title II: Recurring General Provisions - Prohibits the use of funds authorized under this Act where the costs of the program exceed 105 percent of this Act where the costs of the program exceed 105 percent of the program authorization or the cost exceed by more than $10,000 the amount authorized by this Act, whichever is the lesser. Prohibits the use of funds authorized by this Act for programs which have not been presented to or requested of the Congress unless the Secretary of Energy transmits to the appropriate committees a full and complete statement of the action proposed. Authorizes the Secretary to carry out any general plant project only if the maximum estimated cost of the project does not exceed $1,200,000. Sets forth procedures for the approval of projects which exceed by more than 25 percent their estimated cost and exempts from such procedures any project which have an estimated cost of less than $5,000,000. Allows the transfer of funds from specified projects to other Government agencies for the performance of work for which the appropriation is made. Authorizes the Secretary to perform construction design services for construction projects in support of national security programs. Division D: Civil Defense - Authorizes appropriations for FY 1986 to carry out the Federal Civil Defense Act of 1950.
United States · United States Congress · 29 April 1985
Amends the Tariff Act of 1930 to authorize appropriations for FY 1986 for the International Trade Commission. Amends the Customs Procedural Reform and Simplification Act of 1978 to authorize appropriations for FY 1986 for the U.S. Customs Service. Earmarks specified amounts for the operation and maintenance of the air interdiction program of the Service and for programs to enforce or monitor export controls under the Export Administration Act of 1979. Prohibits using any Customs Service funds to close any port of entry at which, during FY 1985: (1) not less than 2,500 merchandise entries were made; and (2) not less than $1,500,000 in customs revenues were assessed. Authorizes appropriations to the Department of the Treasury for FY 1986 for: (1) making payments out of the Customs Forfeiture Fund; and (2) providing customs services at airports. Directs the Commissioner of Customs to use any savings resulting from administrative consolidations to strengthen the commercial operations of the Customs Service by increasing the number of inspector, import specialist, patrol officer, and other line operational positions. Prohibits the Commissioner from publishing or taking any other action to give force and effect to a final rule that would revise the current rule relating to the requirement for sureties on customs bonds: (1) unless the Commissioner submits a report to the Congress containing specified information; and (2) until 90 days of continuous session of the Congress after such report is submitted. Amends the Trade Act of 1974 to limit the number of officers and employees that the U.S. Trade Representative may appoint without regard to civil service regulations. Authorizes appropriations for the Office of the United States Trade Representative for FY 1986. Decreases the amount earmarked for entertainment and representation expenses.
United States · United States Congress · 29 April 1985
Amends the Rail Passenger Service Act to authorize appropriations for the National Railroad Passenger Corporation (Amtrak) for FY 1986 and 1987. Establishes the National Railroad Passenger Corporation Financial Status Commission (the Commission) to study the financial performance of Amtrak, including its short-term and long-term capital needs, and alternative funding mechanisms. Requires the Commission to report to the Congress by a specified date regarding its findings and recommendations for legislation. Authorizes appropriations for FY 1986.
United States · United States Congress · 29 April 1985
Amends the Internal Revenue Code to extend the energy percentage of the investment tax credit for qualified intercity buses from December 31, 1985, to December 31, 1990.
United States · United States Congress · 29 April 1985
Amends the Internal Revenue Code to permit a domestic trade or business whose equity capital does not exceed $25 million to reduce the value of inventory items which have been held by such taxpayer for more than 12 months.
United States · United States Congress · 29 April 1985
Amends the Internal Revenue Code to exclude from the gross income of any eligible physicians' and surgeons' mutual protection and indemnity association any capital contributions by a member joining such association. Requires such payment to be included in gross income for the taxable year with respect to any member who elects to deduct such payment as a trade or business expense. Allows any member of such an association to elect, with the consent of the association, to treat any capital contribution made during the taxable year as an ordinary and necessary business expense for purposes of the deduction allowed for business expenses to the extent such payment does not exceed the amount which would be payable to an independent insurance company for similar insurance coverage and further reduced by any annual dues, assessments, or premiums paid during such taxable year. Requires any refund of such capital contribution in a subsequent year to be included in income for the taxable year received to the extent a deduction for such payment was allowed. Provides for the retroactive effect of these provisions.
United States · United States Congress · 29 April 1985
Amends the Internal Revenue Code to require the filing of informational returns by airlines which provide free or discount air transportation passes to customers based on a customer's patronage. Provides that such an informational return must contain the aggregate value of such passes provided in a taxable year to a customer. Requires that a statement be furnished to each customer with respect to whom information is furnished.
United States · United States Congress · 25 April 1985
Foreign Relations Authorization Act, Fiscal Years 1986 and 1987 - Title I: Department of State: - Department of State Authorization Act, Fiscal Years 1986 and 1987 - Authorizes appropriations for FY 1986 and 1987 for the Department of State for: (1) administration of foreign affairs; (2) international organizations and conferences; (3) international commission; (4) migration and refugee assistance; (5) U.S. bilateral science and technology agreements; (6) the Asia Foundation; and (7) Soviet-East European research and training. Earmarks specified amounts out of the funds authorized for the administration of foreign affairs for payment to the Foreign Service Retirement and Disability Fund. Earmarks specified amounts out of the international organizations and conferences funds for: (1) payments to the United Nations for expenses of the United Nations peacekeeping forces in the Middle East; and (2) the World Commission on Environment and Development. Earmarks specified amounts of the migration and refugee assistance funds for: (1) the resettlement of Jewish refugees in Israel; and (2) contribution to the regular budget of the International Committee of the Red Cross. Declares that it is U.S. policy: (1) to contribute to the International Committee of the Red Cross an amount equal to at least 20 percent of its regular budget; and (2) to support the special appeals made by the International Committee of the Red Cross. Earmarks a specified amount of the FY 1986 authorization for administration of foreign affairs for security-related capital projects and improvements and the salaries and expenses associated with security-related personnel. Amends the State Department Basic Authorities Act of 1956 to authorize the State Department to employ and compensate aliens for services abroad, except for purposes relating to compensation for work injuries and certain tort claims. Authorizes using State Department funds to pay for U.S. participation in arbitrations: (1) for the peaceful resolution of disputes under treaties or other international agreements; and (2) arising under contracts authorized by law for the performance of services or acquisition of property abroad. Authorizes the Secretary to provide extraordinary protective services for foreign missions to the extent necessary. Authorizes the Secretary to provide funds to a State or local authority for protective services only if the Secretary has determined that circumstances exist which require extraordinary security measures which exceed those which local law enforcement agencies can reasonably be expected to take. Authorizes obligating funds for such purposes only after regulations have been issued after consultation with the appropriate congressional committees. Limits the amount of such funds that may be obligated for protective services within any single State. Requires that at least 15 percent of such funds shall be kept in reserve for protective services provided by the Secretary or for expenditures in local jurisdictions not otherwise covered by an agreement for protective services. Limits an agreement with a State or local authority for the provision of protective services to 90 days subject to renewal. Amends the Department of State Appropriations Authorization Act of 1973 to provide that the State Department need not be reimbursed for the detailing of State Department employees to another executive department or agency if the number of employees so detailed at any one time does not exceed 15 and the period of such detail does not exceed two years. Increases the number of Assistant Secretaries of State from 13 to 14. Amends the Migration and Refugee Assistance Act of 1962 to authorize the President to furnish aid under such Act not withstanding any law which restricts aid to foreign countries. Authorizes using migration and refugee assistance funds to pay for employing individuals or organizations for services abroad. Amends the International Center Act to authorize the Administrator of General Services, upon the request of the Secretary to construct facilities in the International Center, including facilities for security and maintenance. Amends the Foreign Assistance Act of 1961 to authorize the Secretary to transfer Government-owned excess property to any friendly country, international organization, the American Red Cross, or other voluntary nonprofit relief agency in order to support development assistance activities which are designed to enhance environmental protection in foreign countries if the Secretary makes a specified determination with regard to such property. Amends the Foreign Service Act of 1980 to authorize the Secretary to acquire such property and equipment as necessary to provide training for Foreign Service personnel and to acquire a consolidated training facility within reasonable proximity to the State Department. Earmarks specified amounts of funds authorized for administration of foreign affairs for such training facility. Prohibits obligating such amounts until 30 days after certain plans and estimates are submitted to the Congress. Requires the Department of State, in order to ensure that foreign narcotics traffickers are denied visas, to cooperate with U.S. law enforcement agencies in establishing a comprehensive information system on all drug arrests of foreign nationals in the United States so such information can be sent to the appropriate U.S. embassies. Requires the National Drug Enforcement Policy Board to agree on uniform guidelines which would permit the sharing of information on durg traffickers. Requires the Chairman of the National Drug Enforcement Policy Board to report to the Congress, within six months of enactment of this Act, on steps taken to implement such information network. Directs the Secretary to report to the Congress within 90 days of enactment of this Act on proposals to improve the staffing and personnel management in the Bureau of International Narcotics Matters, specifically whether a narcotics specialist personnel category in the Foreign Service is an appropriate mechanism. Directs the Secretary to issue a travel advisory warning U.S. citizens of the dangers of traveling in Mexico. Requires the travel advisory to remain in effect until those responsible for the murder of Drug Enforcement Agent Enrique Camarena Salazar have been brought to trial and a verdict has been obtained. Amends the Foreign Service Act of 1980 to require the Secretary to establish a health care program for the Foreign Service. (Current law authorizes such program.) Authorizes the program to include preventive and remedial care and services as necessary. Authorizes the Secretary to pay for the cost of treatment if a person who incurs an illness, injury, or medical condition which requires treatment while assigned to a post abroad or located overseas pursuant to Government authorization. Expresses the sense of the Congress that: (1) one important element of a peaceful future for Taiwan is greater participation in the political process by all the people on Taiwan; and (2) the United States should encourage the Taiwan authorities to work vigorously toward this end. Title II: United States Information Agency - United States Information Agency Authorization Act, Fiscal Years 1986 and 1987 - Authorizes appropriations for FY 1986 and 1987 for the U.S. Information Agency (USIA). Earmarks specified portions of such authorization for: (1) the Fulbright Academic Exchange Programs, the International Visitor Program, and the Humphrey Fellowship Program; (2) the worldwide book program initiative; (3) exchange-related activities associated with the 1987 Pan American Games. Title III: Board for International Broadcasting - Board for International Broadcasting Authorization Act, Fiscal Years 1986 and 1987 - Amends the Board for International Broadcasting Act of 1973 to authorize appropriations for the Board for International Broadcasting for FY 1986 and 1987. Increases the number of members of the Board to 11. Makes the Secretary an ex officio member of the Board. Prohibits the Secretary from being a member of the Board of Directors of Radio Free Europe/Radio Liberty. Title IV: National Endowment for Democracy - National Endowment for Democracy Authorization Act, Fiscal Years 1985 and 1987 - Earmarks specified amounts of the funds authorized for FY 1986 and 1987 for the USIA for the National Endowment for Democracy. Title V: United States Scholarship Program for Developing Countries Act - United States Scholarship Program for Developing Countries Act - Directs the President, acting through the U.S. Information Agency (USIA), to provide an undergraduate scholarship program for citizens and nationals of developing countries to study at U.S. institutions of higher education. Requires that half of each payment to a student shall be in the form of a loan with repayment to be forgiven upon the student's prompt return to his or her country of origin for a period of no less than the number of years spent studying in the United States plus one. Sets forth guidelines for implementing the program. Directs the President, before allocating any funds, to consult with U.S. educational institutions, educational exchange organizations, U.S. missions, and the governments of participating countries on how to implement the guidelines. Authorizes the President to enter into agreements with foreign governments to further the scholarship program. Urges the Administrator of the agency primarily responsible for administering development assistance programs, in implementing such programs, to increase assistance for undergraduate scholarships for students of limited financial means from developing countries to study in the United States. Urges the Director of the USIA to expand opportunities for students from developing countries to receive financial aid for postgraduate study at U.S. institutions of higher education. Urges the President to take steps to expand the opportunities for Americans from all economic classes to study in developing countries. Authorizes the President to establish counseling and orientation services: (1) abroad to prepare foreign students for study in the United States; and (2) at U.S. schools to help them while they are in the United States. Directs the Board of Foreign Scholarships to advise and assist the President in the discharge of programs authorized by this Act. Requires the public and private sectors in the United States to be encouraged to contribute to the costs of the programs financed under this Act. Directs the President to engage the public and private sectors of developing countries in programs to maximize the use of program participants upon their return to their own countries. Authorizes the President to publicize the scholarship program abroad. Directs the President to encourage U.S. schools attended by students receiving scholarships under this Act to provide opportunities for U.S. students to develop their knowledge of the foreign students' cultures. Authorizes the President to provide English instruction abroad when necessary. Requires the President to report annually to the Congress on the activities taken pursuant to this Act. Requires the undergraduate scholarship program financed by the USIA for students from Central America for FY 1986 and 1987 to be conducted in accordance with this Act. Provides for funding to carry out other scholarship programs under this Act. Earmarks at least 25 percent of funds authorized for this title to fund grants and exchanges to Latin America and the Caribbean.
United States · United States Congress · 25 April 1985
Fair and Simple Tax Act of 1985 - Title I: Reduction of Individual and Corporate Tax Rates - Subtitle A: Reduction of Rate - Amends the Internal Revenue Code to revise individual tax rates. Imposes a tax rate of 24 percent on the taxable income of every individual, estate, and trust. Imposes a tax rate of 15 percent on corporate income which does not exceed $50,000, 25 percent on taxable income exceeding $50,000 but not exceeding $100,000, and 35 percent of taxable income exceeding $100,000. Subtitle B: Increase in Amount of Personal Exemption and Zero Bracket Amount - Increases the amount of the personal exemption to $2,000. Increases the zero bracket amount to $2,600 for single taxpayers and $3,300 for a joint return or surviving spouse. Provides for an annual adjustment in the personal exemption and the zero bracket amount by a cost-of-living adjustment based on the Consumer Price Index. Repeals the exemption for dependents who are students over the age of 18. Subtitle C: Employment Income Exclusion Established - Allows an individual taxpayer to exclude 20 percent of the amount received during the taxable year by such individual as employment income. Provides that the exclusion shall be phased out when the individual's wages and salaries exceed the Federal Insurance Compensation Act's maximum wage base for the calendar year. Excludes all of an individual's employment income where the employment income for the taxable year is $10,000 or less ($15,000 or less in the case of a joint return). Provides for an annual adjustment in the employment income exclusion by a cost-of-living adjustment based on the Consumer Price Index. Subtitle D: Repeals Related to Reduction in Rates - Repeals provisions relating to: (1) tax tables for individuals; (2) special averaging rules for lump-sum distributions; (3) accumulated corporate surplus; (4) personal holding companies; (5) income averaging; and (6) graduated corporate tax rates. Applies the trust throwback rules only to amounts distributed from a foreign trust. Title II: Base Broadening - Subtitle A: Credits - Repeals the following income tax credits: (1) the credit for household and dependent care services; (2) the credit for the elderly and the permanently and totally disabled; (3) the residential energy credit; (4) the credit for contributions to candidates for public office; (5) the credit for clinical testing expenses for certain drugs; (6) the credit for producing fuel from nonconventional sources; (7) the credit for increasing research activities; (8) the credit for work incentive expenses; (9) the credit for alcohol used as fuel; (10) the employee stock ownership credit; (11) the general tax credit; (12) the investment credit for depreciable property; (13) the credit for employment of certain new employees; and (14) credit for interest paid with respect to qualified mortgage credit certificate program. Subtitle B: Exclusions - Repeals the tax exclusion for: (1) compensation for injuries or sickness; (2) dividends received by individuals; (3) amounts received under qualified group legal service plans; (4) qualified transportation furnished by employer; and (5) dividend reinvestment in public utilities. Modifies the method to be followed in calculating the earned income credit. Provides for an annual adjustment in the earned income credit by a cost-of-living adjustment based on the Consumer Price Index. Treats as taxable income: (1) unemployment compensation; (2) the annual increase in the cash surrender value of life insurance policies; and (3) interest on industrial development bonds and mortgage subsidy bonds. Includes in the gross income of a taxpayer any income attributable to an annuity, life insurance, or endowment contract owned by such individual. Requires the insurance company to report to the owner of such contract and the Secretary of the Treasury information necessary to calculate such income. Provides a limited exclusion from income for scholarships and fellowships. Amends the Merchant Marine Act to repeal the tax exemption for deposits into, and withdrawals from, a capital construction fund. Reduces the amount of social security benefits and railroad retirement benefits which must be included in the gross income of the taxpayer for the taxable year. Subtitle C: Deductions - Repeals the tax deductions for: (1) casualty and theft losses; (2) unused business credits; and (3) two-earner married couples. Repeals the deduction for State and local income, sales, and personal property taxes. Increases the floor on the deduction for medical and dental expenses from five to ten percent. Repeals the deduction for consumer interest. Subtitle D: Adjustment to Basis: Changes in Certain Special Capital Gains Treatment Provisions - Allows an inflation adjustment, based on the gross national product deflator, to the adjusted basis of capital assets which have been held for more than one year at the time of sale or exchange solely for the purpose of determining gain or loss on such assets. Excludes from such treatment: (1) creditor's interest; (2) options; (3) net lease property in the case of the lessor; (4) preferred stock with fixed dividends; and (5) stock in small business corporations or certain foreign corporations. Provides procedures for determining the adjusted basis of recovery property for purposes of calculating the gain on the disposition of recovery property. Allows the taxpayer to elect not to use the indexed basis in determining the gain or loss from the sale of recovery property. Allows the Secretary of the Treasury to disallow all or part of an adjustment where there was a transfer to increase the inflation adjustment or depreciation allowance. Modifies the alternative minimum tax for corporations by providing that the net capital gain on the sale or exchange of any capital asset shall be taxed at a rate of 20 percent in the case of the sale of a non-indexed asset or an asset to which an election has been made to not treat the asset as an indexed asset. Excludes 40 percent of the amount of the net capital gain from an individual's income where the net capital gain is derived from the sale of an asset which is not indexed or an election is made not to treat the basis as indexed. Repeals the limitation allowing a deduction for capital losses only to the extent of certain net losses over net gains for individuals. Permits the carryover of the excess of such losses over gross income to the succeeding taxable year. Title III: Capital Cost Recovery - Subtitle A: Neutral Cost Recovery System for Depreciable Property - Establishes seven categories of recovery property for purposes of determining the recovery period for each class of property. Provides a procedure for calculating the amount of the deduction for recovery property which includes an inflation adjustment. Provides that research and experimental expenditures shall be treated in the same manner as other items of recovery property. Allows the Secretary of the Treasury to prescribe by regulation the class of property to which these expenditures shall be assigned. Subtitle B: Other Changes - Repeals the income tax deductions for: (1) research and experimental expendiutres; (2) soil and water conservation expenditures; (3) depreciation or amortization of improvements made by a lessee on a lessor's property; (4) expenditures by farmers for clearing land; and (5) amortization of reforestation expenditures. Allows a ten-year period for the amortization of construction period interest and taxes. Allows a deduction for circulation expenses for a newspaper, magazine, or other periodical ratably over a five-year period. Excludes amounts chargeable to a capital account from such treatment. Repeals the timber depletion deduction. Title IV: Miscellaneous Provisions - Subtitle A: Foreign Income - Repeals the exclusion of foreign trade income from gross income for taxable years beginning after December 31, 1985. Repeals the domestic international sales corporations (DISC) provisions for taxable years beginning after December 31, 1985. Subtitle B: Other Miscellaneous Provisions - Requires farmers to compute their taxable income using the accrual method of accounting with the capitalization of preproduction expenses. Exempts taxpayers who do not have gross receipts of $1,000,000. Requires farming syndicates to use the accrual method of accounting without regard to gross receipts. Requires the recognition of the gain or loss on distributions of property by corporations. Eliminates the special bad debt reserves of financial institutions. Reduces the percentage by which Social Security benefits must be reduced for income earned above certain amounts. Repeals the earnings reduction test for taxable years beginning after December 31, 1989. Directs the Secretary of the Treasury to modify the withholding tables to reflect the changes in the tax base made by this Act. Title V: Effective Dates - Sets forth the effective dates of the provisions of this Act.
United States · United States Congress · 25 April 1985
Provides that certain settlements of claims for post-retirement medical insurance coverage subject to a specified law suit shall be excluded from gross income for income tax purposes.
United States · United States Congress · 25 April 1985
Fair and Simple Tax Act of 1985 - Title I: Reduction of Individual and Corporate Tax Rates - Subtitle A: Reduction of Rates - Amends the Internal Revenue Code to revise individual tax rates. Imposes a tax rate of 24 percent on the taxable income of every individual, estate, and trust. Imposes a tax rate of 15 percent on corporate income which does not exceed $50,000, 25 percent on taxable income exceeding $50,000 but not exceeding $100,000, and 35 percent of taxable income exceeding $100,000. Subtitle B: Increase in Amount of Personal Exemption and Zero Bracket Amount - Increases the amount of the personal exemption to $2,000. Increases the zero bracket amount to $2,600 for single taxpayers and $3,300 for a joint return or surviving spouse. Provides for an annual adjustment in the personal exemption and the zero bracket amount by a cost-of-living adjustment based on the Consumer Price Index. Repeals the exemption for dependents who are students over the age of 18. Subtitle C: Employment Income Exclusion Established - Allows an individual taxpayer to exclude 20 percent of the amount received during the taxable year by such individual as employment income. Provides that the exclusion shall be phased out when the individual's wages and salaries exceed the Federal Insurance Compensation Act's maximum wage base for the calendar year. Excludes all of an individual's employment income where the employment income for the taxable year is $10,000 or less ($15,000 or less in the case of a joint return). Provides for an annual adjustment in the employment income exclusion by a cost-of-living adjustment based on the Consumer Price Index. Subtitle D: Repeals Related to Reduction in Rates - Repeals provisions relating to: (1) tax tables for individuals; (2) special averaging rules for lump-sum distributions; (3) accumulated corporate surplus; (4) personal holding companies; (5) income averaging; and (6) graduated corporate tax rates. Applies the trust throwback rules only to amounts distributed from a foreign trust. Title II: Base Broadening - Subtitle A: Credits - Repeals the following income tax credits: (1) the credit for household and dependent care services; (2) the credit for the elderly and the permanently and totally disabled; (3) the residential energy credit; (4) the credit for contributions to candidates for public office; (5) the credit for clinical testing expenses for certain drugs; (6) the credit for producing fuel from nonconventional sources; (7) the credit for increasing research activities; (8) the credit for work incentive expenses; (9) the credit for alcohol used as fuel; (10) the employee stock ownership credit; (11) the general tax credit; (12) the investment credit for depreciable property; (13) the credit for employment of certain new employees; and (14) credit for interest paid with respect to qualified mortgage credit certificate program. Subtitle B: Exclusions - Repeals the tax exclusion for: (1) compensation for injuries or sickness; (2) dividends received by individuals; (3) amounts received under qualified group legal service plans; (4) qualified transportation furnished by employer; and (5) dividend reinvestment in public utilities. Modifies the method to be followed in calculating the earned income credit. Provides for an annual adjustment in the earned income credit by a cost-of-living adjustment based on the Consumer Price Index. Treats as taxable income: (1) unemployment compensation; (2) the annual increase in the cash surrender value of life insurance policies; and (3) interest on industrial development bonds and mortgage subsidy bonds. Includes in the gross income of a taxpayer any income attributable to an annuity, life insurance, or endowment contract owned by such individual. Requires the insurance company to report to the owner of such contract and the Secretary of the Treasury information necessary to calculate such income. Provides a limited exclusion from income for scholarships and fellowships. Amends the Merchant Marine Act to repeal the tax exemption for deposits into, and withdrawals from, a capital construction fund. Reduces the amount of social security benefits and railroad retirement benefits which must be included in the gross income of the taxpayer for the taxable year. Subtitle C: Deductions - Repeals the tax deductions for: (1) casualty and theft losses; (2) unused business credits; and (3) two-earner married couples. Repeals the deduction for State and local income, sales, and personal property taxes. Increases the floor on the deduction for medical and dental expenses from five to ten percent. Repeals the deduction for consumer interest. Subtitle D: Adjustment to Basis: Changes in Certain Special Capital Gains Treatment Provisions - Allows an inflation adjustment, based on the gross national product deflator, to the adjusted basis of capital assets which have been held for more than one year at the time of sale or exchange solely for the purpose of determining gain or loss on such assets. Excludes from such treatment: (1) creditor's interest; (2) options; (3) net lease property in the case of the lessor; (4) preferred stock with fixed dividends; and (5) stock in small business corporations or certain foreign corporations. Provides procedures for determining the adjusted basis of recovery property for purposes of calculating the gain on the disposition of recovery property. Allows the taxpayer to elect not to use the indexed basis in determining the gain or loss from the sale of recovery property. Allows the Secretary of the Treasury to disallow all or part of an adjustment where there was a transfer to increase the inflation adjustment or depreciation allowance. Modifies the alternative minimum tax for corporations by providing that the net capital gain on the sale or exchange of any capital asset shall be taxed at a rate of 20 percent in the case of the sale of a non-indexed asset or an asset to which an election has been made to not treat the asset as an indexed asset. Excludes 40 percent of the amount of the net capital gain from an individual's income where the net capital gain is derived from the sale of an asset which is not indexed or an election is made not to treat the basis as indexed. Repeals the limitation allowing a deduction for capital losses only to the extent of certain net losses over net gains for individuals. Permits the carryover of the excess of such losses over gross income to the succeeding taxable year. Title III: Capital Cost Recovery - Subtitle A: Neutral Cost Recovery System for Depreciable Property - Establishes seven categories of recovery property for purposes of determining the recovery period for each class of property. Provides a procedure for calculating the amount of the deduction for recovery property which includes an inflation adjustment. Provides that research and experimental expenditures shall be treated in the same manner as other items of recovery property. Allows the Secretary of the Treasury to prescribe by regulation the class of property to which these expenditures shall be assigned. Subtitle B: Other Changes - Repeals the income tax deductions for: (1) research and experimental expenditures; (2) soil and water conservation expenditures; (3) depreciation or amortization of improvements made by a lessee on a lessor's property; (4) expenditures by farmers for clearing land; and (5) amortization of reforestation expenditures. Allows a ten-year period for the amortization of construction period interest and taxes. Allows a deduction for circulation expenses for a newspaper, magazine, or other periodical ratably over a five-year period. Excludes amounts chargeable to a capital account from such treatment. Repeals the timber depletion deduction. Title IV: Miscellaneous Provisions - Subtitle A: Foreign Income - Repeals the exclusion of foreign trade income from gross income for taxable years beginning after December 31, 1985. Repeals the domestic international sales corporations (DISC) provisions for taxable years beginning after December 31, 1985. Subtitle B: Other Miscellaneous Provisions - Requires farmers to compute their taxable income using the accrual method of accounting with the capitalization of preproduction expenses. Exempts taxpayers who do not have gross receipts of $1,000,000. Requires farming syndicates to use the accrual method of accounting without regard to gross receipts. Requires the recognition of the gain or loss on distributions of property by corporations. Eliminates the special bad debt reserves of financial institutions. Reduces the percentage by which Social Security benefits must be reduced for income earned above certain amounts. Repeals the earnings reduction test for taxable years beginning after December 31, 1989. Directs the Secretary of the Treasury to modify the withholding tables to reflect the changes in the tax base reflected in the provisions of this Act. Title V: Effective Dates - Sets forth the effective dates of the provisions of this Act.
United States · United States Congress · 24 April 1985
Displaced Homemakers Opportunity Act - Amends the Internal Revenue Code to allow employers an income tax credit for expenses of occupational training, received either on the job or through a qualified training organization, of displaced homemakers. Defines "displaced homemaker" as an individual who: (1) was a homemaker for five years; (2) had no, or insufficient, occupational skills at the time of hiring; (3) entered the work force due to the death or disability of, or divorce from, the wage-earning spouse; and (4) is employed by the taxpayer at the close of the taxable year. Excludes from such definition an individual with respect to whom the taxpayer has been allowed a targeted jobs tax credit. Provides for the recapture of the tax benefit received under this Act in the event the taxpayer discharges a displaced homemaker without reasonable cause.
United States · United States Congress · 24 April 1985
Amends the Internal Revenue Code to provide that no deductions shall be allowed for advertising or other promotion expenses with respect to arms sales.
United States · United States Congress · 24 April 1985
Requires the Secretary of the Treasury to modify income tax regulations relating to accounting for long-term contracts to provide that: (1) the amount includible in gross income with respect to any Federal long-term contract shall not be less than a certain amount; and (2) the completed contract method may not be used with respect to Federal long-term contracts. Defines "Federal long-term contract" as any long-term contract: (1) to which the United States (or any agency or instrumentality thereof) is a party; or (2) which is a subcontract to such a contract.
United States · United States Congress · 24 April 1985
Tax Status of Space Act of 1985 - Amends the Internal Revenue Code to provide that a spacecraft under the jurisdiction or control of the United States shall be treated, while in space, enroute from earth to space, or returning to earth from space, as a spacecraft within the jurisdiction of the United States for purposes of the Internal Revenue Code.
United States · United States Congress · 24 April 1985
Amends the Internal Revenue Code to revise requirements concerning the mailing of taxpayer information statements relating to interest, dividends, or patronage dividends to allow such information statements to be included with normal business mailings. (Current law requires a separate mailing for such information statements.)
United States · United States Congress · 24 April 1985
Sets forth the rule for the consideration of H.R. 1555 (foreign assistance funding).
United States · United States Congress · 23 April 1985
Amends the Internal Revenue Code to provide that an obligation issued by a State to finance a solid waste disposal facility shall not be treated as an obligation which is federally guaranteed for purposes of determining the tax-exempt status of the obligation.
United States · United States Congress · 23 April 1985
Amends the Internal Revenue Code to repeal the exemption from tax for interest earned on certain portfolio debt investments and received by nonresident alien individuals and foreign corporations. Repeals the exception to withholding requirements for interest income from certain portfolio debt investments earned by nonresident alien individuals.
United States · United States Congress · 23 April 1985
Amends the Internal Revenue Code to require the Secretary of the Treasury, if the Secretary determines that an inequity would otherwise result, to offset any deficiency assessed against a taxpayer by the amount of any deficit or refund to which the taxpayer would be entitled except for the expiration of the time period for filing a claim or suit for such credit or refund.
United States · United States Congress · 23 April 1985
Space Investment Tax Equity Act of 1985 - Amends the Internal Revenue Code to allow an investment tax credit for property used in space if such property is a spacecraft, or is used on a spacecraft, which is substantially controlled from one or more facilities located in the United States. Treats property used in space as depreciable property if such property would be depreciable if used on earth. Treats certain income derived from activities conducted in space as United States source income.
United States · United States Congress · 23 April 1985
Amends the Internal Revenue Code to provide that college and university fraternities and sororities (and their chapters) not organized for profit and no part of the net earnings of which inures to the benefit of any private shareholder or individual shall be exempt from taxation on certain income.
United States · United States Congress · 22 April 1985
Amends the Internal Revenue Code to revise the method of calculating the alternative minimum tax on corporations. Sets the rate of such tax at 15 percent of the corporate alternative minimum taxable income exceeding $100,000. Provides that such tax shall be imposed only if the amount of such tax is greater than regular tax liability and shall be in lieu of regular tax. Defines "corporate alternative minimum taxable income" as taxable income: (1) reduced by the corporate alternative minimum tax net operating loss deduction; and (2) increased by the amount of alternative minimum tax preference items. Specifies the tax preference items for purposes of the alternative minimum tax on corporations as: (1) accelerated depreciation of real property; (2) mining exploration and development costs; (3) reserves for losses on bad debts of financial institutions; (4) depletion; (5) intangible drilling costs; (6) accelerated cost recovery deductions; (7) amortization of pollution control facilities; (8) certain research and experimental expenditures; (9) construction period carrying charges; (10) trade name and trademark expenditures; (11) circulation expenditures; (12) certain organizational expenditures; (13) completed contract method of accounting; (14) certain interest expenses; (15) exempt foreign trade income; (16) certain life insurance company deductions; and (17) certain shipping income. Revises the method of calculating the minimum tax net operating loss deduction. Disallows any income tax credits to be taken against the corporate alternative minimum tax except the foreign tax credit. Requires the Secretary of the Treasury to prescribe corporate tax rates designed to reduce regular tax rates by an amount equal to revenues raised by the alternative minimum tax on corporations.
United States · United States Congress · 22 April 1985
Superfund Revenue Act of 1985 - Amends the Internal Revenue Code to terminate the environmental excise tax on petroleum and certain chemicals after FY 1990, unless certain conditions are met. Imposes an excise tax on: (1) the receipts of hazardous waste at a qualified hazardous waste management unit; (2) the receipt of hazardous waste for transportation from the United States for the purpose of ocean dumping; and (3) the exportation of hazardous waste. Establishes a rate of tax to be imposed on each ton of hazardous waste, with such tax rate increasing periodically from FY 1986 through March 31, 1991. Excludes from this tax waste which: (1) is removed or treated pursuant to the Comprehensive Environmental Response, Compensation, and Liability Act of 1980; (2) has been generated at a Federal facility and is subsequently received at a qualified hazardous waste management unit; or (3) is exported. Provides that owners and operators of qualified hazardous waste units or vessels or aircraft that dispose of ocean waste and exporters of hazardous waste shall be liable for the excise tax on hazardous waste. Sets forth the procedure the Secretary of the Treasury shall use to adjust the tax rates annually. Provides for a credit against the excise tax where the hazardous waste tax has been paid on hazardous waste and such waste is subsequently received at another qualified hazardous waste management unit, received for transport for ocean dumping, or exported. Provides that the Secretary shall establish certain information requirements with respect to each person who is liable for the excise tax on hazardous waste. Imposes penalties for failure to supply such information. Eliminates the Post-Closure Liability Trust Fund. Establishes within the Treasury the Hazardous Substance Superfund. Transfers taxes received with respect to petroleum, certain chemicals, and hazardous wastes to the Hazardous Substance Superfund, in addition to amounts from other sources.
United States · United States Congress · 22 April 1985
Authorizes appropriations for the Bureau of the Mint for FY 1986 and 1987.
United States · United States Congress · 18 April 1985
Superfund Revenue Act of 1985 - Title I: Amendments to the Internal Revenue Code - Subtitle A: Feedstocks and Petroleum - Increases the tax on petroleum from the present level of 0.79 cents per barrel to 1.13 cents per barrel of crude oil. Provides that this tax shall not apply after FY 1990. Increases the tax rate on certain organic and inorganic feedstock chemicals to 1.5 percent of the wholesale selling price of a substance or $5.35 per ton, whichever is lower. Provides that these tax rates will be adjusted annually for inflation. Subtitle B: Tax on Hazardous Wastes - Imposes a tax of $3.65 per metric ton on the receipt of hazardous waste at qualified hazardous waste facilities and on the exportation of hazardous waste from the United States. Provides for an annual inflation adjustment for the tax rates. Imposes the tax on the owner or operator of the qualified hazardous waste facility or on the exporter of the hazardous waste. Terminates the tax on hazardous waste received or exported after FY 1990. Subtitle C: Tax on Corporate Earnings and Profits - Imposes an environmental tax on corporate earnings and profits at a rate of three-tenths of one percent on corporate earnings and profits in excess of five million dollars a year. Exempts from such tax S corporations, regulated investment companies, and real estate investment trusts. Terminates this tax for taxable years ending after FY 1990. Provides that the various tax credits shall not be used to reduce the amount of this tax. Transfers the revenues from this tax to the Superfund. Title II: Authorization of Appropriations to Hazardous Substance Response Trust Fund - Authorizes appropriations for FY 1981 through 1990 for the Hazardous Substance Response Trust Fund.
United States · United States Congress · 18 April 1985
Superfund Excise Tax Act of 1985 - Amends the Internal Revenue Code to impose an excise tax on the sale, lease, and importation of tangible personal property in the United States. Provides that the tax rate with respect to any fiscal year shall be determined by the Secretary of the Treasury in such an amount so as to collect sufficient amounts of tax to finance the Hazardous Substance Response Trust Fund (Superfund). Provides that the taxable amount shall be: (1) in the case of a sale, the price charged the purchaser of the property by the seller, including items payable to the seller with respect to such transaction; (2) in the case of any import, the customs value plus customs duties and any other duties imposed or the fair market value if there is no customs value; or (3) in the case of a lease, the gross lease payments received during the taxable period. Exempts from the tax any property which is to be exported outside the United States. Exempts sales and lease payments if the aggregate taxable amount for the taxable period is less than $100,000. Provides that no excise tax shall be imposed on the sale or importation of any property by the United States or other governmental entities or any exempt organizations. Provides that every manufacturer will receive a credit against this tax based on the amount of its purchases of direct materials included in the computation of its inventory costs. Treats any credit amount in excess of the tax liability as an overpayment of the excise tax. Requires the seller, lessor, or importer to file a tax return for this tax before the first day of the second calendar month beginning after the close of each taxable period.
United States · United States Congress · 18 April 1985
Minimum Tax Reform Act of 1985 - Amends the Internal Revenue Code to reduce from 20 percent to 15 percent the rate of the alternate minimum tax for individuals. Increases the amounts exempted from such tax from: (1) $40,000 to $50,000 in the case of joint returns; (2) $30,000 to $40,000 in the case of individual returns; and (3) $20,000 to $25,000 in the case of estates or trusts and married individuals filing separately. Includes State and local taxes as an itemized income tax deduction for the alternative minimum tax. Provides that the alternative minimum taxable income shall not be less than the alternative minimum taxable income floor. Defines "alternative minimum taxable floor" as the sum of: (1) alternative tax investment income; plus (2) the quarter of earned income or the controlled business income of the taxpayer for the taxable year, reduced by the alternative tax itemized deductions for the taxable year. Makes specified modifications to the items of tax preference of individuals relating to dividends, circulation and experimental expenditures, bad debt reserve losses, intangible drilling costs, and the accelerated cost recovery deduction. Revises the method of calculating the alternative minimum tax on corporations. Sets the amount of such tax at an amount equal to the excess of 15 percent of the corporate alternative minimum taxable income exceeding $100,000 over the regular tax for the taxable year. Specifies the items of tax preference for purposes of the alternative minimum tax on corporations as: (1) accelerated depreciation of real property; (2) accelerated depreciation of leased personal property; (3) amortization of certified pollution control facilities; (4) mining exploration and development costs; (5) circulation and research and experimental expenditures; (6) reserves for losses on bad debts; (7) depletion; (8) intangible drilling costs; (9) accelerated cost recovery deductions; (10) certain interest where the taxpayer has tax-exempt income; (11) tertiary injectant expenses; (12) construction period carrying charges; (13) trademark and trade name expenditures; (14) completed contract method of accounting; (15) reforestation and land clearing expenses; (16) certain shipping income; (17) exempt foreign trade income; (18) interest on amounts used to acquire employee stock ownership plans; and (19) certain life insurance company deductions. Revises the method of calculating the corporate alternative minimum tax net operating loss deduction. Disallows any income tax credits to be taken against the corporate alternative minimum tax except the foreign tax credit.
United States · United States Congress · 18 April 1985
Expresses the sense of the Congress that the corporate tax rates should remain graduated.
United States · United States Congress · 18 April 1985
Amends the Internal Revenue Code to exclude from gross income the net legal wagering gains of a taxpayer who is not engaged in the trade or business of placing wagers. Sets forth the method of calculating net legal wagering gains.
United States · United States Congress · 18 April 1985
Amends the Internal Revenue Code to repeal the withholding tax requirements with respect to gambling winnings. Requires information returns for gambling winnings only for payments of $10,000 or more. Provides a three-year carryover and carryback for net gambling losses.
United States · United States Congress · 18 April 1985
Amends the Internal Revenue Code to limit the deductions of a taxpayer attributable to farming to the sum of: (1) the gross income of such taxpayer from the trade or business of farming for such taxable year; plus (2) $25,000. Requires the non-farm taxable income of such taxpayer to have exceeded the taxpayer's farm income in five of the preceding seven years. Provides that where the taxpayer engages in more than one trade or business of farming, all such trade or businesses shall be treated as a single trade or business.
United States · United States Congress · 18 April 1985
Public Charity Tax Penalty Reform Act of 1985 - Amends the Internal Revenue Code to exempt officials of public charities who serve on a volunteer or part-time basis from the tax penalties for willful failure to collect and pay over tax.
United States · United States Congress · 18 April 1985
Amends the Internal Revenue Code to provide that the deduction for wagering losses shall be allowable as a deduction from gross income but only with respect to wagering transactions which are legal under Federal and State laws.
United States · United States Congress · 18 April 1985
Amends the Internal Revenue Code to allow a refundable income tax credit to any individual who maintains a household which includes one or more elderly qualified persons. Sets the amount of such credit at $1,000 for each such elderly person living in the household. Limits the aggregate amount creditable to $2,000 on any return for the taxable year. Defines "qualified elderly person" as any individual who: (1) has attained age 65; (2) has an impairment which, as determined by a physician, renders such individual physically or mentally incapable of caring for himself and has lasted or is expected to last six months or longer; and (3) has as a principal place of abode for more than half of the taxable year the home of the taxpayer.
United States · United States Congress · 18 April 1985
Amends the Internal Revenue Code to provide that proceeds from identical wagers shall not be aggregated for purposes of determining the withholding of tax on certain gambling winnings.
United States · United States Congress · 18 April 1985
Sets forth the rule for the consideration of H.R. 2068 (Department of State and related agencies funding).
United States · United States Congress · 18 April 1985
Expresses the sense of the Congress that the corporate tax rates should remain graduated.