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451 records in US in 1976
United States · United States Congress · 18 March 1976
Stipulates that a canceled check shall be treated as prima facie evidence of any expenditure allowable as a tax deduction under the Internal Revenue Code.
United States · United States Congress · 18 March 1976
Amends the Internal Revenue Code to allow a tax deduction in an amount not to exceed $1,000 for amounts paid by the taxpayer to an eligible educational institution for tuition for the attendance of the taxpayer or of another individual or individuals at such institution.
United States · United States Congress · 18 March 1976
Increases the estate tax exemption for taxable estates under the Internal Revenue Code from $60,000 to $200,000 of the value of the gross estate. Increases the limitation on the aggregate marital deduction to 50 percent of the adjusted gross value of the estate, plus $100,000. Allows an executor to value farmland, woodland, and scenic open land at its current use value rather than at its fair market value.
United States · United States Congress · 18 March 1976
Surplus School Conversion Act - Entitles taxpayers, under the Internal Revenue Code, to elect to take a deduction with respect to the amortization of any qualified school or hospital property based on a period of 180 months. Defines qualified school or hospital property to mean any building or other structure which is acquired by the taxpayer from a tax-exempt organization which used such structure to provide facilities for an educational institution or an institution which provided medical or custodial care. Makes technical and conforming amendments.
United States · United States Congress · 17 March 1976
Increases the estate tax exemption under the Internal Revenue Code from $60,000 to $200,000 of the value of the gross estate. Increases the limitation on the aggregate marital deduction to 50 percent of the adjusted gross value of the estate, plus $100,000. Allows an executor of an estate to elect an estate tax credit in the amount of the excess of the amount of tax imposed on the transfer of the estate over the amount of tax that would have been imposed if the value of any property included in the gross estate which is farm property had been determined by its value as farm property.
United States · United States Congress · 17 March 1976
States that, under the Interstate Commerce Act and the Federal Aviation Act of 1958, no part of the compensation paid by rail, motor, water or air carriers to employees shall be withheld for income tax purposes pursuant to the laws of any State except the State in which more than 50 percent of the compensation is paid. States that if the employee did not earn more than 50 percent of his compensation from such carriers in any one State, or subdivision thereof, then withholding shall be required only for the State or subdivision of the employees residence.
United States · United States Congress · 17 March 1976
Fiscal Year Adjustment Act - Revises the fiscal year provisions of specified public laws in order to conform them to the October-September fiscal year.
United States · United States Congress · 17 March 1976
Fiscal Year Transition Act - Title I: Provides that, for purposes of specified provisions of the Social Security Act, the term "fiscal year" includes the period July 1, 1976, through September 30, 1976. Makes or continues appropriations for the implementation of the Social Security programs through this transitional period. Extends the provisions of, and the authorization of appropriations for, specified Acts for the transitional period July 1, 1976, through September 30, 1976: including the Older Americans Act, Public Health Service Act, Mental Health Acts, National School Lunch Act, Tennessee Valley Authority Act of 1933, Drug Abuse Office and Treatment Act of 1972, General Education Provisions Act, Comprehensive Employment and Training Act, Immigration and Nationality Act of 1952, and the Alcohol Abuse and Alcoholism Prevention, Treatment, and Rehabilitation Act of 1970. Title II: States that the period July 1, 1976, through September 30, 1976, shall be treated as a fiscal year for the purposes of specified Acts of Congress, or for provisions of Federal law insofar as they relate to matching requirements.
United States · United States Congress · 17 March 1976
Amends the Internal Revenue Code to allow a limited tax credit in an amount of $250 for each individual who is at least 61 years of age before the beginning of the taxable year, whose principal place of abode during the taxable year is the principal residence of the taxpayer, and who is not a lodger with the taxpayer.
United States · United States Congress · 17 March 1976
Defers the accrual of interest on any deficiency, under the Internal Revenue Code, until January 1, 1978, where such deficiency results from the fact that an individual was allowed a tax deduction for a loss attributable to a disaster and was subsequently deemed to warrant a disaster assistance grant by the Federal Government under the Disaster Relief Act of 1974.
United States · United States Congress · 16 March 1976
Solar Energy Equipment Tax Credit Act - Allows a tax credit, under the Internal Revenue Code, in an amount equal to 25 percent of the qualified solar heating and cooling equipment expenditures paid during the taxable year, but not to exceed $8,000, for the application of solar energy to the taxpayer's principal residence. Prescribes rules for the utilization of such tax credit by taxpayers who jointly own a residence or who are tenant-stockholders in a cooperative housing corporation. Requires the solar energy equipment to meet the interim or definitive performance criteria prescribed by the Secretary of Housing and Urban Development under the Solar Heating and Cooling Demonstration Act.
United States · United States Congress · 16 March 1976
Denies the benefits of the foreign tax credit, under the Internal Revenue Code, to any taxpayer, or a member of a controlled group which includes the taxpayer, who is determined by the Secretary of the Treasury to have made an illegal bribe, kickback, or other unlawful payment to an official, employee, or agent of a foreign government, with regard to income, war profits, or excess profits taxes paid to such foreign government. Denies DISC benefits with regard to foreign bribe-produced income. Requires taxpayers with foreign bribe-produced income to report to the Secretary of the Treasury the amount of such bribe and the amount of such income. Prescribes penalties for any willful failure to report to the Secretary. Makes technical and conforming amendments. Defines the terms used in this Act.
United States · United States Congress · 16 March 1976
Solar Energy Equipment Tax Credit Act - Allows a tax credit, under the Internal Revenue Code, in an amount equal to 25 percent of the qualified solar heating and cooling equipment expenditures paid during the taxable year, but not to exceed $8,000, for the application of solar energy to the taxpayer's principal residence. Prescribes rules for the utilization of such tax credit by taxpayers who jointly own a residence or who are tenant- stockholders in a cooperative housing corporation. Requires the solar energy equipment to meet the interim or definite performance criteria prescribed by the Secretary of Housing and Urban Development under the Solar Heating and Cooling Demonstration Act.
United States · United States Congress · 16 March 1976
Authorizes appropriations under the Federal Fire Prevention and Control Act of $15,000,000 for fiscal year 1977 and $20,000,000 for fiscal 1978. Authorizes appropriations for fire research and safety of $5,500,000 for fiscal year 1977 and $6,000,000 for fiscal year 1978. Prohibits the Administrator of the National Fire Prevention and Control Administration from conducting fire research without the specific authorization of the Secretary of Commerce. Stipulates that no commitment to obligate funds for the construction of any facility of the National Academy for Fire Prevention and Control shall be made unless the Congress approves.
United States · United States Congress · 16 March 1976
Increases the estate tax exemption for taxable estates under the Internal Revenue Code from $60,000 to $200,000 of the value of the gross estate. Increases the limitation on the aggregate marital deduction to 50 percent of the adjusted gross value of the estate, plus $100,000. Allows an executor to value farmland, woodland, and scenic open land at its current use value rather than at its fair market value.
United States · United States Congress · 16 March 1976
Authorizes appropriations under the Federal Fire Prevention and Control Act of $15,000,000 for fiscal year 1977 and $20,000,000 for fiscal 1978. Authorizes appropriations for fire research and safety of $5,500,000 for fiscal year 1977 and $6,000,000 for fiscal year 1978. Prohibits the Administrator of the National Fire Prevention and Control Administration from conducting fire research without the specific authorization of the Secretary of Commerce. Stipulates that no commitment to obligate funds for the construction of any facility of the National Academy for Fire Prevention and Control shall be made unless the Congress approves.
United States · United States Congress · 16 March 1976
Amends the Internal Revenue Code to exempt farmers from the highway use tax on heavy trucks if the farmer: (1) uses such vehicle primarily for farming purposes; and (2) is not a corporation with gross recipts in excess of $950,000 or with gross receipts more than 50 percent of which are from activities other than farming.
United States · United States Congress · 16 March 1976
Older Americans Assistance Act - Establishes the Real Property Tax Relief Trust Fund, and authorizes the appropriation of specified sums for fiscal years 1976-1978. Directs the Secretary of the Treasury to pay specified amounts from the Fund to States with qualifying real property tax relief programs. Defines "qualifying real property tax relief program" as a program established by any State which provides low-or moderate-income households, where the head of the household is age 65 or older, with a credit against the State income or property tax for all or a portion of real property taxes. Limits amounts paid to States from the Fund to 50 percent of the revenue loss under a State's real property tax relief program.
United States · United States Congress · 16 March 1976
Amends the Internal Revenue Code to exempt until January 1, 1977, specified sales, exchanges, or other dispositions of property by a private foundation to a disqualified person from the five percent tax on all self-dealing.
United States · United States Congress · 16 March 1976
Amends the Internal Revenue Code to exclude from gross income amounts received by an individual as a pension, annuity, or similar retirement benefit under a public retirement system. Makes technical and conforming amendments.
United States · United States Congress · 15 March 1976
Denies the benefits of the foreign tax credit, under the Internal Revenue Code, to any taxpayer, or a member of a controlled group which includes the taxpayer, who is determined by the Secretary of the Treasury to have participated in or cooperated with the boycott of Israel, with respect to income, war profits, or excess profits taxes paid or accrued to any country which requires such participation or cooperation as a condition of doing business within that country. Denies DISC benefits to any DISC that the Secretary of the Treasury determines has participated in or cooperated with the boycott of Israel. Requires taxpayers with foreign sources within a country which requires participation in or cooperation with the boycott of Israel as a condition of doing business with or within such country to report such fact to the Secretary of the Treasury, who shall make a determination whether the taxpayer participated in or cooperated with the boycott of Israel for the taxable year.
United States · United States Congress · 15 March 1976
Allows an estate tax credit of $25,000 under the Internal Revenue Code. Authorizes the executor of an estate to elect an additional credit of $15,000 if 65 percent or more of the value of the adjusted gross estate is attributable to a qualifying small business. Reduces the additional credit by 15 percent of the amount by which the value of the taxable estate exceeds $300,000. Defines the terms used in this Act. Makes technical and conforming amendments.
United States · United States Congress · 15 March 1976
Allows a general estate tax credit of $30,000 under the Internal Revenue Code. Requires the filing of a Federal estate tax return where the value of the gross estate exceeds $131,000.
United States · United States Congress · 15 March 1976
Increases the authorization of appropriations to carry out the functions, powers, and duties of the Federal Trade Commission to $47,091,000 (presently $46,000,000) for fiscal year 1976 and $52,833,00 (presently $50,000,000) for fiscal year 1977.
United States · United States Congress · 15 March 1976
Amends the Internal Revenue Code to provide a $5,000 tax exclusion from gross income for any amount received as an annuity, pension, or other retirement benefit.
United States · United States Congress · 15 March 1976
Amends the Internal Revenue Code to allow an additional personal exemption and withholding exemption for a taxpayer, a spouse, or a dependent who is disabled.
United States · United States Congress · 15 March 1976
Commuter's Tax Act - Allows a tax credit, under the Internal Revenue Code, in an amount equal to the amounts paid by an individual during the taxable year for reasonable public transit transportation expenses between his or her place of residence and place of employment. Limits such credit to $200. Allows a tax credit, in the case of a disabled individual, for reasonable transportation expenses between his or her place of residence and place of employment. Limits such credit to $750. Authorizes taxpayers to elect a tax deduction in lieu of the tax credit. Limits such deduction to $800, except in the case of a disabled individual the maximum deduction shall be $3,000. Defines the terms used in this Act.
United States · United States Congress · 15 March 1976
Authorizes, under the Internal Revenue Code, any individual who has attained the age of 65 or who is disabled to elect to take a tax credit for the amount of real property taxes paid or accrued by the taxpayer to a State or political subdivision on the taxpayer's principal residence, or for the amount of rent constituting such real property taxes. Limits such credit to $250 for any taxable year. Reduces such credit by ten percent of the amount of excess of the taxpayer's adjusted gross income over $5,500. Apportions such credit among two or more eligible taxpayers using the same principal residence based on such taxpayers' ratable share of the rent paid.
United States · United States Congress · 15 March 1976
Internal Revenue Administration Act - Establishes the Internal Revenue Administration in the executive branch of the Federal Government for the purpose of administering and enforcing the Internal Revenue Code. Prescribes the terms and conditions of office for the Administrator of the Internal Revenue Administration. Transfers all present functions, instructions, rules, or regulations which were promulgated or administered by the Secretary of the Treasury of his delegate with respect to the enforcement of the Internal Revenue Code, to the Internal Revenue Administration.
United States · United States Congress · 15 March 1976
Provides that upon the adoption of this resolution it shall be in order to move that the House resolve itself into the Committee of the Whole House on the State of the Union for the consideration of the bill (H.R. 11598) to authorize appropriations for the United States Information Agency for fiscal year 1976 and for the period July 1, 1976, through September 30, 1976. Directs that after general debate, which shall be confined to the bill and shall continue not to exceed one hour, to be equally divided and controlled by the chairman and ranking minority member of the Committee on International Relations, the bill shall be read for amendment under the five-Minute rule. Provides that, at the conclusion of the consideration of the bill for amendment, the Committee shall rise and report the bill to the House with such amendments as may have been adopted, and the previous question shall be considered as ordered on the bill and amendments thereto to final passage without intervening motion except one motion to recommit.
United States · United States Congress · 11 March 1976
Imposes a tax, under the Internal Revenue Code, of four cents a gallon on any fuel sold by any vendor for use by commercial vessels on the inland waterways of the United States. Defines the terms used in this Act.
United States · United States Congress · 11 March 1976
Amends the Internal Revenue Code to allow the deductions for home mortgage interest and charitable contributions to be subtracted from gross income to determine taxable income in the case of individuals electing the standard deduction. Increases the percentage standard deduction to 20 percent of adjusted gross income, but not to exceed $5,000, or $2,500 in the case of a separate return filed by a married individual. Increases the low income allowance to $2,100 in the case of a joint return or a surving spouse, to $1,700 in the case of an individual who is not married, or to $1,050 in the case of a married individual filing a separate return. Ties future changes in the percentage standard deduction and the low income allowance amounts to changes in the price index for the preceding year. Makes technical and conforming amendments.
United States · United States Congress · 11 March 1976
Excludes dividends received from domestic corporations from the terms "foreign oil and gas extraction income" and "foreign oil related income", for purposes of taxation under the Internal Revenue Code.
United States · United States Congress · 11 March 1976
Increases the estate tax exemption for taxable estates under the Internal Revenue Code from $60,000 to $200,000 of the value of the gross estate. Increases the limitation on the aggregate marital deduction to 50 percent of the adjusted gross value of the estate, plus $100,000. Allows an executor to value farmland, woodland, and scenic open land at its current use value rather than at its fair market value.
United States · United States Congress · 11 March 1976
Permits a tax credit, under the Internal Revenue Code, in an amount equal to ten percent of the wages paid by the taxpayer during the taxable year to each eligible employee. Defines the term "eligible employee" to mean an individual hired by the taxpayer without displacing any other individual, if such individual was not employed by the taxpayer during the prior 42-day period and if such employee works for the taxpayer more than 13 consecutive weeks or more than 30 weeks. Limits such credit to $800 per eligible employee. Establishes and defines special rules for the administration of this tax credit.
United States · United States Congress · 11 March 1976
Authorizes the nonrecognition of gain or loss, under the Internal Revenue Code, on the transfer of rail properties or stock or securities of a transferor railroad corporation to the Consolidated Rail Corporation pursuant to an order under the Regional Rail Reorganization Act to carry out the final system plan, in exchange solely for stock of the Consolidated Rail Corporation and certificates of value of the United States Railway Association. Prohibits the carryover of any net operating loss of a transferor corporation to the Consolidated Rail Corporation. Makes technical and conforming amendments.
United States · United States Congress · 11 March 1976
Increases the estate tax exemption for taxable estates under the Internal Revenue Code from $60,000 to $200,000 of the value of the gross estate. Increases the limitation on the aggregate marital deduction to 50 percent of the adjusted gross value of the estate, plus $100,000. Allows an executor to value farmland, woodland, and scenic open land at its current use value rather than at its fair market value.
United States · United States Congress · 11 March 1976
Amends the Internal Revenue Code to increase the estate tax exemption from $60,000 to $150,000. Requires the filing of a Federal estate tax return where the value of the gross estate exceeds $200,000. Allows the executor of an estate which includes an interest in a qualified closely held business which exceeds either 35 percent of the value of the gross estate or 50 percent of the value of the taxable estate, but is less than $300,000 to elect: (1) to pay the estate tax in up to 20 equal annual installments (presently ten); and (2) to defer the payment of the first installment until five years after the filing of the return. Defines the terms used in this Act. Makes technical and conforming amendments.
United States · United States Congress · 11 March 1976
Increases from $20,000 to $30,000 the exclusion from gross income, under the Internal Revenue Code, for gain from the sale or exchange of a residence owned by a taxpayer who has attained the age of 65.
United States · United States Congress · 11 March 1976
Revises the Internal Revenue Code to provide that the allowable dollar amount of the tax deduction taken for a charitable contribution which is of a musical, artistic, or similar nature shall be the fair market value of such property at the time of contribution.
United States · United States Congress · 11 March 1976
Amends the Internal Revenue Code to allow a deduction for donations of blood to charitable organizations in an amount equal to $25 for each pint donated. Limits the aggregate amount of donations which shall be deductible to $125 in any taxable year.
United States · United States Congress · 11 March 1976
States that a spouse's services shall be taken into account in determining the consideration furnished to purchase jointly owned property for purposes of the Federal estate tax. Increases the value of the estate tax exemption under the Internal Revenue Code from $60,000 to $200,000 of the value of the gross estate. Increases the limitation on the aggregate marital deduction to 50 percent of the adjusted gross value of the estate, plus $100,000. Allows an executor to value farmland, woodland, and scenic open land at its current use value rather than at its fair market value.
United States · United States Congress · 11 March 1976
Imposes a tax, under the Internal Revenue Code, as an alternative to the income tax, minimum tax, and the capital gains tax, equal to 14 percent of the amount by which the taxpayer's economic income for the taxable year exceeds $40,000, but only if such alternative tax is greater than the tax liability under the income tax, minimum tax, and capital gains tax.
United States · United States Congress · 11 March 1976
Private Sector, Part-Time Employment Act - Allows a tax credit, under the Internal Revenue Code, in an amount equal to the aggregate of 20 percent of the part-time employment expenses incurred with respect to any qualified part-time employee whose equivalent full-time salary is less than $15,000, plus 25 percent of the part-time employment expenses incurred with respect to any qualified part- time employee whose equivalent full-time annual salary is $15,000 or more. Limits the applicability of such credit to the lesser of 20 percent of the average number of employees employed by the taxpayer or the increase in the number of part-time employees employed in this taxable year over the preceding taxable year. Authorizes the carryback of such credit to each of the three taxable years preceding the unused credit year. Authorizes the carryover of such credit to each of the seven taxable years following the unused credit year. Defines the terms used in this Act. Prohibits allowance of a credit unless specified conditions are complied with.
United States · United States Congress · 11 March 1976
Provides that the tax deduction, under the Internal Revenue Code, for charitable contributions of ordinary income property that is used by the donee solely for the care of the ill, the needy, or infants, which use is related to the donee's basis for tax exempt status, shall be reduced by only one-half of the amount of gain which would have been realized if the property contributed had been sold at its fair market value.
United States · United States Congress · 11 March 1976
Increases, under the Social Security Act and the Internal Revenue Code, the ceiling on the amount of earnings which may be counted for social security benefit and tax purposes. Sets forth proposed ceilings of $15,300 for calendar year 1976, $22,200 for calendar year 1977, $26,100 for calendar year 1978, and $28,500 for calendar year 1979.
United States · United States Congress · 11 March 1976
Family Farm Inheritance Act - States that for purposes of the estate tax under the Internal Revenue Code the value of the taxable estate shall be determined by deducting the lesser of: (1) $200,000; or (2) the value of the decedent's interest in a family farming operation continuously owned by him or his spouse for five years prior to his death and which passes to a related individual. Disqualifies the individual to whom the estate passes from the tax benefit authorized by this Act if such individual, within five years after the decedent's death, sells or removes the family farming operation.
United States · United States Congress · 11 March 1976
Prohibits the filing of joint returns, under the Internal Revenue Code, unless each spouse verifies, by oath or affirmation, that such spouse has equal ownership, management, and control of the income, assets, and liabilities of the marriage partnership.
United States · United States Congress · 9 March 1976
Amends the Board for International Broadcasting Act of 1973 to reduce the number of ex-officio members on the Board to reflect the merger of Radio Free Europe and Radio Liberty which are represented on the Board. Authorizes appropriations of $53,385,000 for fiscal year 1977 and such sums as are necessary for fiscal year 1978 for the operation of the Board.
United States · United States Congress · 9 March 1976
Exempts from the calculation of the gross value of an estate for Federal estate tax purposes the proceeds of any policy of United States Government Life and National Service Life Insurance.