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Bill· HRH.R. 7391 (96th)referred

Artists Tax Equity Act of 1979

United States · United States Congress · 20 May 1980

Artists Tax Equity Act of 1979 - Amends the Internal Revenue Code to allow an estate tax credit equal to the fair market value of literary, musical, or artistic properties transferred, without restriction, by the estate of the decedent whose personal efforts created them, to Federal museums and art galleries for public exhibition. Requires the recipient of such properties to sign a written statement that such properties have significant artistic value and that they will be placed on public exhibition. Allows a nonrefundable income tax credit equal to 30 percent of the fair market value of a literary, musical, or artistic composition created by the personal efforts of the taxpayer and contributed by such taxpayer to a tax-exempt charitable or educational organization. Limits the amount of such credit to the greater of $2,500 or 50 percent of the taxpayer's income tax liability for the taxable year. Limits the dollar amount of contributions to $35,000. Requires certification that such compositions possess significant artistic value. Disallows the credit for the contribution of a letter, memorandum, or similar property which was written by or for the taxpayer while such taxpayer held public office. Extends from five to ten years the period in which an artist must show that he has engaged in the production of artistic works for a profit in two years during such period in order to claim income tax deductions for losses related to the production of such works. Restores capital gains treatment of the gain realized from the sale of inherited artwork.

Bill· HRH.R. 7381 (96th)referred

A bill to amend the Internal Revenue Code of 1954 to provide for the establishment of and the deduction of contributions to, education savings accounts and housing savings accounts.

United States · United States Congress · 19 May 1980

Amends the Internal Revenue Code to allow a deduction for cash and other personal property contributions to a savings account created or organized exclusively for the purpose of paying the educational expenses of the taxpayer or the taxpayer's child. Limits the amount of such deduction to $1,000 per year, adjusted for inflation. Limits the duration of eligibility for such deduction to calendar years prior to the account beneficiary's 21st birthday, or prior to the beneficiary's enrollment as a full-time student at an eligible educational institution of higher learning, whichever occurs earlier. Excludes distributions from such an account from the gross income of the payee so long as such distributions are used to defray the beneficiary's tuition, fees, books and supplies, and reasonable living expenses. Specifies sanctions for the use of account funds for other than such educational purposes. Treats qualified distributions as income to the beneficiary for the taxable year in which the beneficiary attains age 25, and for each of the following nine years, in successive apportionments equal to ten percent of the total amount of such distributions. Allows a deduction for cash and other personal property contributions to a savings account created or organized for the benefit of the taxpayer (or the taxpayer and spouse if married) for the exclusive purpose of purchasing the first dwelling purchased by such individual as a principal residence. Limits the maximum annual deduction to $1,500 ($3,000 in the case of married individuals filing jointly), with a maximum lifetime deduction of $15,000 ($30,000 in the case of married individuals filing jointly). Provides for annual inflation adjustment of such amounts. Excludes distributions from such account from gross income so long as they are used exclusively for the purchase of a first principal dwelling. Provides for recapture of such distribution upon a subsequent sale of such first dwelling if another house is not purchased with the proceeds. Requires reduction of the $100,000 exclusion from gross income of proceeds from the sale of a principal residence by a taxpayer 55 years of age or older if such residence had been purchased with distributions from a tax-exempt housing savings account. Limits the amount of such reduction to the amount of any such distribution excluded from gross income.

Bill· SS. 2711 (96th)open

A bill to amend title V of the Housing Act of 1949 to authorize appropriations for fiscal year 1981, and for other purposes.

United States · United States Congress · 15 May 1980

Amends the Housing Act of 1949 to authorize appropriations for fiscal year 1981 for rural housing programs with specified amounts earmarked for: (1) low and moderate income or elderly rental and cooperative housing assistance; (2) insurance of loans for domestic farm labor housing; and (3) guaranteed loans. Authorizes appropriations for fiscal year 1981 for: (1) loans and grants for rural dwellings repair; (2) financial assistance for low-rent housing for domestic farm labor; and (3) programs of technical and supervisory assistance for low-income individuals and rural families. Extends through September 30, 1981 (from 1980) the authority of the Secretary of Agriculture to insure loans for: (1) housing for the rural elderly, handicapped, or moderate income families; and (2) housing and buildings on farms. Authorizes appropriations for fiscal year 1981 for mutual and self-help housing and the Self-Help Fund. Authorizes the Secretary to enter into rental assistance contracts to the extent home ownership subsidies are not otherwise provided. Extends the availability of such subsidies through fiscal year 1981 (from 1980). Authorizes the Secretary to make and insure loans to consumer cooperatives to enable such cooperatives to finance the transfer of membership in the cooperative under terms that low and moderate income persons can reasonably afford. Permits such loans to be conditioned on not depriving members of the cooperative of their membership because they no longer meet the income eligibility requirements. Amends the Housing and Urban Development Act of 1969 to authorize the transfer of Federal surplus real property at the request of the Secretary of Agriculture, as well as the Secretary of Housing and Urban Development, for use in providing housing to low or moderate income families or individuals. Amends the Housing Act of 1949 to make it mandatory that the Secretary of Agriculture provide interest credits on housing loans. Directs the Secretary to assure that adequate replacement housing and relocation assistance are made available if involuntary displacement of families or businesses is unavoidable.

Bill· SS. 2727 (96th)passed

An original bill to authorize additional appropriations for the Department of State for the fiscal years 1980 and 1981 and for the Board for International Broadcasting for the fiscal year 1981, and for other purposes.

United States · United States Congress · 15 May 1980

Title I: Department of State - Amends the Department of State Authorization Act, Fiscal Years 1980 and 1981, to increase the authorization of appropriations to the State Department for fiscal year 1981 for the administration of foreign affairs, international organizations and conferences (also increased for fiscal year 1980), and migration and refugee assistance. Decreases the authorization of appropriations for fiscal year 1981 for international commissions. Raises the aggregate amount which may be spent during fiscal year 1981. Amends the Taiwan Relations Act to authorize necessary appropriations for fiscal year 1981 to carry out such Act. Earmarks a specified portion of the fiscal year 1981 authorization for the State Department's administration of foreign affairs to carry out such Act. Amends the passport provisions to provide for the Secretary of State to prescribe a fee for issued passports which shall be paid into the U.S. Treasury (presently such fees are set at ten dollars for each passport and are paid quarterly). Extends the period of validity of a passport from five years to ten years. Prohibits the U.S. payment of its share of the annual expenses of the Hague Conference on Private International Law and of the International (Rome) Institute for the Unification of Private Law from exceeding ten percent of the total expenses after 1978 (currently seven percent). Authorizes the use of funds appropriated to the State Department for International Organizations and Conferences for ceremonial gifts to international organizations. Earmarks a specified portion of such funds for U.S. contributions to the International Labor Organization. Earmarks a specified portion of the funds authorized to be appropriated to the State Department for migration and refugee assistance for refugee activities in Africa and under the Economic Support Fund. Reserves a specified portion of such funds for the United Nations Relief and Works Agency for Palestine Refugees. Creates the position of Assistant Secretary of State for Refugee Affairs. Transfers authority for refugee affairs to such Assistant Secretary from the Assistant Secretary for Human Rights and Humanitarian Affairs. Prohibits the use of appropriated funds to close specified consulates. Earmarks a specified portion of the funds authorized for the administration of foreign affairs to operate specified consulates. Amends the United Nations Participation Act of 1945 to direct the President to appoint, by and with the advice and consent of the Senate, a U.S. Representative to the Vienna Office of the United Nations. Authorizes necessary appropriations for the U.S. share of the expenses of United Nations peacekeeping forces (presently limited to those in the Middle East). Amends the Foreign Assistance Act of 1969 to authorize appropriations for fiscal year 1981 for the Inter-American Foundation. Exempts private sector representatives on U.S. delegations to international telecommunications conferences, who are specifically designated as the U.S. representative with respect to a particular matter, from specified criminal code provisions on conflicts of interest. Requires such representatives to have on file a financial disclosure report with the State Department. Title II: International Communication Agency - Amends the United States Information and Educational Exchange Act of 1948 to permit any person, having special scientific, technical, or professional qualifications, in the employ or service of the U.S. Government to be assigned to a foreign government (presently restricted to U.S. citizens). Authorizes the making of procurement contracts for periods which do not exceed five years if: (1) appropriations are adequate for the first fiscal year; (2) Government need is reasonably firm and continuing; (3) such contract will encourage effective competition or promote economy in performance and operation; and (4) such method will not inhibit small business participation. Requires such contracts to be cancelled if funds are not available for continuation into subsequent fiscal years. Revises the authority of the Director of the International Communication Agency (ICA) to purchase: (1) security vehicles for use abroad without regard to maximum price limitations; and (2) motion picture, radio, and television producers' liability insurance. Provides for the principal assistant of an ICA Associate Director to perform the duties of any Associate Director who dies, resigns, or is sick or absent. Amends the International Communication Agency Authorization Act, Fiscal Years 1980 and 1981, to earmark a specified portion of the funds authorized to be appropriated to the ICA for the Belgian-American Educational Foundation. Title III: Board for International Broadcasting - Amends the Board for International Broadcasting Act of 1973 to increase the authorization of appropriations for fiscal year 1981 for the Board for International Broadcasting. Earmarks a specified portion of such authorization for the purpose of transferring Radio Free Europe and Radio Liberty positions to the United States. Title IV: Miscellaneous Provisions - Amends the International Claims Settlement Act of 1949 to set forth the order of priority of claims to be paid by the Secretary of the Treasury from the special fund to pay claims against the People's Republic of China. Requires a deduction in the amount otherwise payable to claimants allowed a Federal income tax deduction for claimed losses. Authorizes appropriations for the Asia Foundation.

Bill· SS. 2710 (96th)open

An original bill to amend the Hazardous Materials Transportation Act to authorize appropriations for fiscal years 1981 and 1982, and for other purposes.

United States · United States Congress · 15 May 1980

Amends the Hazardous Materials Transportation Act to authorize appropriations for fiscal years 1981 and 1982 to carry out the provisions of such Act. Authorizes the Secretary of Transportation, in satisfying the requirement to establish and maintain a central reporting system and data center, to coordinate his activities with existing reporting systems and data centers maintained and operated by private organizations.

Resolution· SRESS.Res. 435 (96th)open

An original resolution relating to transitional rules governing the use of tax-exempt State and municipal bonds known as mortgage bonds.

United States · United States Congress · 15 May 1980

Expresses the sense of the Senate that any change in the tax treatment of interest on State or local obligations issued to provide housing financing shall not apply to those obligations issued before January 1, 1981, and all the proceeds of which are, or were reasonably expected to be, committed within one year of issuance.

Bill· HRH.R. 7377 (96th)referred

A bill to amend the Internal Revenue Code of 1954 to provide individuals a refundable credit against income tax for maintaining a household a member of which is an individual who has attained the age of 65.

United States · United States Congress · 15 May 1980

Amends the Internal Revenue Code to allow a refundable income tax credit for household expenses to any taxpayer who maintains a household in which a dependent aged 65 or over resides. Limits such credit to $250 for each aged dependent for the taxable year.

Bill· HRH.R. 7369 (96th)referred

A bill to amend the Internal Revenue Code of 1954 to encourage land conservation expenditures by allowing an income tax credit for such expenditures.

United States · United States Congress · 15 May 1980

Amends the Internal Revenue Code to allow agricultural land owners a nonrefundable income tax credit equal to 20 percent of the expenditures paid or incurred for purposes of soil conservation, prevention of soil erosion, reduction or control of agriculture-related pollution, and for specified activities relating to the treatment or moving of earth. Requires the recapture of amounts allowed as a credit under the provisions of this Act if the taxpayer disposes of such agricultural lands within three years of the taxable year in which such credit is claimed.

Bill· HRH.R. 7378 (96th)referred

A bill to amend the Internal Revenue Code of 1954 to provide for nonrecognition of gain of the sale of the principal residence of the taxpayer where the taxpayer's cost of purchasing the new residence is not more than $100,000 less than the taxpayer's adjusted sales price of the old residence, and to extend the rollover period to 60 months.

United States · United States Congress · 15 May 1980

Amends the Internal Revenue Code to permit the nonrecognition of gain from the sale or exchange of a taxpayer's principal residence even though the purchase price of a new residence is less than the adjusted sales price of the old residence. Specifies that the purchase price of the new residence may not be more than $100,000 less the adjusted sales price of the old residence. Extends from 18 to 30 months the period (rollover period) during which a taxpayer must reinvest the proceeds from the sale of a residence in a new residence in order to qualify for the nonrecognition of any gain.

Bill· HRH.R. 7353 (96th)referred

Individual Housing Account Act of 1980

United States · United States Congress · 14 May 1980

Individual Housing Account Act of 1980 - Amends the Internal Revenue Code to allow individual taxpayers an income tax deduction from gross income for cash contributions to an individual housing account. Limits the amount of such deduction to $2,500 ($5,000 for married couples) for a taxable year and to $25,000 in all taxable years. Prohibits any deduction which is claimed in a taxable year commencing more than nine years after the first such deduction was claimed. Reduces the amount of the annual deduction by $250 for each $1,000 by which a taxpayer's adjusted gross income exceeds $30,000. Defines "individual housing account" as a trust created for the exclusive benefit of an individual who has never owned his principal residence. Sets forth requirements for the establishment and maintenance of an individual housing account. Grants tax-exempt status upon an individual housing account trust. Excludes from the gross income of a trust beneficiary amounts distributed from a trust which are used exclusively in connection with the purchase of a principal residence for the beneficiary. Sets forth rules for the tax treatment of a trust and distributions from a trust in the case of divorce, improper distributions from a trust, and contributions to a trust in excess of the allowable amount. Prescribes a penalty equal to ten percent of the payments from a trust which are made for purposes other than the purchase of a principal residence. Requires the trustee of an individual housing account to file informational returns with the Secretary of the Treasury as required. Prescribes penalties for failure to file such returns. Treats as ordinary income, rather than capital gain, that portion of the gain from the sale or exchange of a principal residence purchased with funds from an individual housing account, which is attributable to the reduction of the taxpayer's basis in the residence as required by this Act.

Bill· HRH.R. 7354 (96th)referred

Rural Cooperative Business Income Act of 1979

United States · United States Congress · 14 May 1980

Rural Cooperative Business Income Act of 1979 - Amends the Internal Revenue Code to provide that income received by a mutual or cooperative telephone or electric company for services to customers or rural telephone or electric companies, and income received from the rental or sale of communications or power facilities, shall not be subject to the tax on unrelated business income.

Bill· HRH.R. 7332 (96th)referred

A bill to amend the Internal Revenue Code of 1954 to allow a refundable income tax credit for the purchase of new automobiles manufactured by certain companies which have substantially increased their average fuel economy.

United States · United States Congress · 13 May 1980

Amends the Internal Revenue Code to allow individual taxpayers a refundable income tax credit for the purchase of new passenger automobiles after May 14, 1980, and before January 1, 1981, which were manufactured by companies whose average fuel economy rating for passenger automobiles in model year 1979 equals or exceeds 120 percent of their rating for model year 1974. Establishes the amount of such credit at $500.

Bill· SS. 2689 (96th)referred

Small Business Direct Expensing Act of 1980

United States · United States Congress · 12 May 1980

Small Business Direct Expensing Act of 1980 - Amends the Internal Revenue Code to allow a taxpayer to elect to treat expenditures paid or incurred by him during the taxable year (not to exceed an aggregate of $10,000, or $5,000 in the case of a married person filing a separate return) for depreciable tangible property as expenses not chargeable to capital account (thus deductible as current business expenses). Limits such treatment to property purchased after December 31, 1980, for use in a trade or business. Disqualifies property acquired from a related person or another component member of the same controlled group of companies.

Bill· SS. 2687 (96th)open

An original bill to amend the National Ocean Pollution Research and Development and Monitoring Planning Act of 1978, as amended, to extend the appropriations authorizations to carry out the provisions of such Act for fiscal years 1981, 1982, and 1983, and for other purposes.

United States · United States Congress · 9 May 1980

Amends the National Ocean Pollution Research and Development and Monitoring Planning Act of 1978 to change the title of such Act to the "National Ocean Pollution Planning Act." Changes the date on which the biennial five-year plan report is due to April 30 of each odd-numbered year. Authorizes appropriations to the National Oceanic and Atmospheric Administration not to exceed $3,000,000 for fiscal year 1981, $4,000,000 for fiscal year 1982, and $5,000,000 for fiscal year 1983.

Bill· SS. 2688 (96th)open

An original bill to amend the Marine Protection Research, and Sanctuaries Act of 1972 to authorize appropriations for title II of such Act for fiscal year 1981.

United States · United States Congress · 9 May 1980

Amends the Marine Protection, Research, and Sanctuaries Act of 1972 to authorize appropriations for activities related to ocean dumping for fiscal year 1981. Requires the Secretary of Commerce to include in the comprehensive and continuing program of research with respect to possible long-range effects of pollution, as required by such Act, the scientific assessment of damages to the natural resources from spills of petroleum or petroleum products.

Bill· SS. 2681 (96th)referred

A bill to amend the State and Local Fiscal Assistance Act of 1972 to provide a 5-year extension of the general revenue sharing program and to provide that each State make an annual election to receive its State government allocation or the equivalent amount in specific categorical grant programs, but not both.

United States · United States Congress · 8 May 1980

Amends the State and Local Fiscal Assistance Act of 1972 to authorize appropriations to the State and Local Government Fiscal Assistance Trust Fund for the entitlement periods of each of fiscal years 1981 through 1985. Reduces by one-third the funds authorized to be provided for such entitlement periods. Directs the Secretary of the Treasury to establish within the Trust Fund a State government account and a local government account for entitlement periods beginning after September 30, 1980. Declares that the State account shall receive only funds transferred from categorical grant programs. Prohibits the amount credited to the State account for a specific State for any entitlement period from exceeding one-half the amount credited to the local government account for all local governments within such State for that period. Declares that the amount a State government is entitled to receive from the Trust Fund for any entitlement period beginning after September 30, 1980, shall not exceed the amount of the categorical grant funding reduction elected by that State for that entitlement period. Sets forth the procedures for the designation, by the chief executive officer of a State, of the categorical grant programs under such State's allotments which are to be transferred to the State account of the Trust Fund. Requires a majority of the chief executive officers of States involved in a single project under a program to designate the transfer of funds for such program before such transfer may occur. Directs the Secretary to transfer any such designated program funds to the State government account. Declares that such a transfer of funds allotted to a State under a program shall constitute a payment to that State for purposes of provisions of law providing for the reallotment of amounts not paid under the program to a State.

Bill· SS. 2677 (96th)referred

A bill to amend the Internal Revenue Code of 1954 to provide for the nonrecognition of gain of the proceeds from the sale of incentive stock to an ESOP if those proceeds are reinvested in such stock, and for an increase in basis for incentive stock held for certain period.

United States · United States Congress · 8 May 1980

Amends the Internal Revenue Code to allow a taxpayer to elect not to recognize a certain amount of gain from the sale of small business stock to an employee stock ownership plan (ESOP), if the proceeds of such sale are used to purchase other small business stock within 18 months. Limits recognition to that portion of any gain in excess of the cost of such other stock. Requires the reduction of the basis of any such subsequently purchased stock by the amount of gain not recognized. Limits small business stock to stock in businesses whose equity capital does not exceed $25,000,000.

Bill· SS. 2678 (96th)referred

A bill to extend for 5 years the operation of the State and Local Fiscal Assistance Act of 1972, and to provide that each State will receive the State government allocation only if it elects an equivalent reduction in the amount it would receive in specific categorical grant programs.

United States · United States Congress · 8 May 1980

Amends the State and Local Fiscal Assistance Act of 1972 to authorize appropriations to the State and Local Government Fiscal Assistance Trust Fund for the entitlement periods of each of fiscal years 1981 through 1985. Reduces by one-third the funds authorized to be provided for such entitlement periods. Directs the Secretary of the Treasury to establish within the Trust Fund a State government account and a local government account for entitlement periods beginning after September 30, 1980. Declares that the State account shall receive only funds transferred from categorical grant programs. Declares that the amount a State government is entitled to receive from the Trust Fund for any entitlement period beginning after September 30, 1980, shall not exceed the amount of the categorical funding reduction elected by that State for that entitlement period. Authorizes the chief executive of a State to designate categorical grant programs under which the State's allotments are to be transferred to the State government account of the Trust Fund. Directs the Secretary to transfer such designated program funds to the State government account. Declares that such a transfer of funds alloted to a State under a program shall constitute a payment to that State for purposes of provisions of law providing for the reallotment of amounts not paid under the program to a State.

Bill· HRH.R. 7305 (96th)reported

A bill to authorize additional appropriations for fiscal years 1980 and 1981 for the Department of State and the Board for International Broadcasting, and for other purposes.

United States · United States Congress · 8 May 1980

Amends the Department of State Authorization Act, Fiscal Years 1980 and 1981, to increase the authorization of appropriation to the State Department for fiscal year 1980 and 1981 for international organizations and conferences and for fiscal year 1981 for the administration of foreign affairs (earmarks a specified portion for payment ex gratia to Yugoslavia for injuries sustained by a Yugoslav national). Decreases the authorization of appropriations for international commissions. Repeals the ceilings on the aggregate amount spent on the administration of foreign affairs, international organizations and conferences, and international commissions. Amends the Board for International Broadcasting Act of 1973 to increase the authorization of appropriations for fiscal years 1980 and 1981 for the Board for International Broadcasting. Amends specified passport provisions to provide for the Secretary of State to prescribe a fee for issued passports which shall be paid into the U.S. Treasury (presently such fees are set at ten dollars for each passport and are paid quarterly). Extends the period of validity of a passport from five years to ten years. Removes the ceiling on authorized funds for the U.S. share of expenses of the Pan American Institute of Geography and History. Prohibits the U.S. payment of its share of the annual expenses of the Hague Conference on Private International Law and of the International (Rome) Institute for the Unification of Private Law from exceeding ten percent of the total expenses after 1978 (currently seven percent). Amends the United Nations Participation Act of 1945 to direct the President to appoint, by and with the advice and consent of the Senate, a U.S. representative to the Vienna office of the United Nations. Authorizes the use of appropriated funds for living quarters for the staffs of U.S. representatives to the United Nations. Authorizes necessary appropriations for the U.S. share of the expenses of the United Nations peacekeeping forces (presently limited to those in the Middle East). Amends the Foreign Assistance Act of 1969 to authorize appropriations for fiscal year 1981 for the Inter-American Foundation. Exempts private sector representatives on U.S. delegations to international telecommunications conferences, who are specifically designated as the U.S. Representative with respect to a particular matter, from specified criminal code provisions on conflicts of interest. Requires such representatives to have on file a financial disclosure report with the State Department. Amends the United States Information and Educational Exchange Act of 1948 to permit any person having special scientific, technical, or professional qualifications, in the employ or service of the U.S. Government, to be assigned to a foreign government (presently restricted to U.S. citizens). Authorizes the making of procurement contracts for periods which do not exceed five years if: (1) appropriations are adequate for the first fiscal year; (2) Government need is reasonably firm and continuing; (3) such contract will encourage effective competition or promote economics in performance and operation; and (4) such method will not inhibit small business participation. Requires such contracts to be cancelled if funds are not available for continuation into subsequent fiscal years. Revises the authority of the Director of the International Communication Agency (ICA) to purchase vehicles for use abroad to permit security vehicles to be purchased without regard to maximum price limitations. Provides for the principal assistant of an ICA Associate Director to perform the duties of any Associate Director who dies, resigns, or is sick or absent. Requires the ICA Director to make available the film, "Reflection: Samuel Eliott Morison," for public distribution within the United States.

Bill· HRH.R. 7319 (96th)referred

A bill to amend the Internal Revenue Code of 1954 to clarify the tax exemption for interest on obligations of volunteer fire departments.

United States · United States Congress · 8 May 1980

Amends the Internal Revenue Code to provide that bonds issued by a volunteer fire department to finance the acquisition, construction, reconstruction, or improvement of firefighting property shall be treated as the obligation of a political subdivision of a State (interest on such bonds is tax-exempt). Provides that a volunteer fire department qualifies for preferential tax treatment of its bonds if it: (1) is organized and operated to provide firefighting services in an area which does not have any other firefighting services; (2) is required by a local government to furnish firefighting services; (3) receives over half of its funding from local government; and (4) makes no charge for its services.

Bill· HRH.R. 7318 (96th)referred

A bill to amend section 170 of the Internal Revenue Code of 1954 to revise and make permanent the provisions for allowing a deduction for contributions for conservation purposes.

United States · United States Congress · 8 May 1980

Amends the Internal Revenue Code to allow an income tax deduction for the contribution of an interest, a remainder interest, or a restricted interest in real property (other than a mineral interest) to a tax-exempt organization for conservation purposes.

Resolution· HRESH.Res. 661 (96th)passed

A resolution providing for the consideration of H.R. 6974 to authorize appropriations for fiscal year 1981 for procurement of aircraft, missiles, naval vessels, tracked combat vehicles, torpedoes, and other weapons and for research, development, test, and evaluation for the Armed Forces, to prescribe the authorized personnel strength for each active duty component and the Selected Reserve of each Reserve component of the Armed Forces and for civilian personnel of the Department of Defense, to authorize the military training student loads, to authorize appropriations for fiscal year 1981 for civil defense, and for other purposes.

United States · United States Congress · 8 May 1980

Sets forth the rule for the consideration of H.R. 6974 (Armed Forces authorizations, fiscal year 1981).

Bill· HRH.R. 7293 (96th)referred

A bill to amend the Internal Revenue Code of 1954 to expand the category of targeted groups for whom the new employee credit is available to include displaced homemakers.

United States · United States Congress · 7 May 1980

Amends the Internal Revenue Code to include displaced homemakers as a targeted group for whom the new employee credit is available. Defines "displaced homemaker" as an individual who: (1) has not worked in the labor force for a substantial number of years but has provided unpaid services in the home for family members; (2) has been dependent on public assistance or the income of another family member but is no longer supported by that income; and (3) is unemployed or underemployed and has encountered difficulty in obtaining suitable employment.

Bill· HRH.R. 7290 (96th)referred

Surface Mining Reclamation Reserve Act of 1980

United States · United States Congress · 7 May 1980

Surface Mining Reclamation Reserve Act of 1980 - Amends the Internal Revenue Code to provide for the establishment of a reserve account for the addition of tax deductible expenses of surface mining land reclamation incurred during the taxable year.

Bill· HRH.R. 7275 (96th)referred

A bill to prohibit the imposition of discriminatory State taxes with respect to natural gas.

United States · United States Congress · 6 May 1980

Prohibits a State, or any of its political subdivisions, from imposing a tax with respect to natural gas which discriminates against any out-of-State producers, transporters, consumers, distributors, or users of natural gas, or which applies only to gas produced outside the territory of such State. Declares any tax as discriminatory if it results in a greater tax burden on interstate natural gas than on intrastate gas.

Bill· SS. 2650 (96th)referred

A bill to amend title V of the Housing Act of 1949 to authorize appropriations for fiscal year 1981, and for other purposes.

United States · United States Congress · 5 May 1980

Amends the Housing Act of 1949 to authorize appropriations for fiscal year 1981 for rural housing programs with specified amounts earmarked for: (1) low and moderate income or elderly rental and cooperative housing assistance; (2) insurance of loans for domestic farm labor housing; and (3) guaranteed loans. Authorizes appropriations for fiscal year 1981 for: (1) loans and grants for rural dwellings repair; (2) financial assistance for low-rent housing for domestic farm labor; and (3) programs of technical and supervisory assistance for low-income individuals and rural families. Extends through September 30, 1981 (from 1980) the authority of the Secretary of Agriculture to insure loans for: (1) housing for the rural elderly, handicapped, or moderate income families; and (2) housing and buildings on farms. Authorizes appropriations for fiscal year 1981 for mutual and self-help housing and for the Self-Help Fund. Authorizes the Secretary to enter into rental assistance contracts to the extent home ownership subsidies are not otherwise provided. Extends the availability of such subsidies through fiscal year 1981 (from 1980). Requires project owners to apply for such rental assistance before the Secretary may approve a rent increase which will cause tenants to pay more than 25 percent of their income for rent. Authorizes the Secretary to make and insure loans to consumer cooperatives to enable such cooperatives to finance the transfer of membership in the cooperative under terms that low and moderate income persons can reasonably afford. Permits such loans to be conditioned on not depriving members of the cooperative of their membership because they no longer meet the income eligibility requirements. Amends the Housing and Urban Development Act of 1969 to authorize the transfer of Federal surplus real property at the request of the Secretary of Agriculture, as well as the Secretary of Housing and Urban Development, for use in providing housing to low or moderate income families or individuals. Amends the Housing Act of 1949 to make it mandatory that the Secretary of Agriculture provide interest credits on housing loans. Directs the Secretary to assure that adequate replacement housing and relocation assistance are made available if involuntary displacement of families and businesses is unavoidable.

Bill· SS. 2646 (96th)referred

Save America Savings Account Act of 1980

United States · United States Congress · 2 May 1980

Save America Savings Account Act of 1980 - Amends the Internal Revenue Code to exclude from gross income interest earned on savings accounts used for making qualified loans, at no more than a nine-and-one-half percent interest rate for: (1) the purchase of owner-occupied residential property; (2) the operation of a trade or business; or (3) the operation of a farm for farming purposes. Limits the maximum deposits in such an account to $100,000, and the interest rate paid to seven percent. Requires the principal with respect to which such interest is payable to be held on deposit for at least one year. Prohibits the making of a loan from such an account for the purchase of real estate, except for the purchase of owner-occupied residential property. Declares any attempt to use the proceeds of a qualified loan for prohibited purposes, or any attempt to charge interest at a rate in excess of that authorized, as an attempt to evade or defeat tax, punishable accordingly.

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