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Bill· HRH.R. 2352 (107th)referred
United States · United States Congress · 27 June 2001
Fair Balance Prescription Drug Advertisement Act of 2001 - Amends the Internal Revenue Code and the Federal Food, Drug, and Cosmetic Act (FDCA) to prohibit a deduction for any expense of an advertisement for a prescription drug if, with respect to such advertisement, the Secretary of Health and Human Services has submitted to the Secretary of the Treasury a report with respect to direct-to-consumer advertising that certain FDCA misbranding violations have occurred.
Bill· HRH.R. 2334 (107th)referred
United States · United States Congress · 27 June 2001
Amends the Internal Revenue Code to establish in the U.S. Treasury the Tobacco Farmer Trust Fund. Appropriates to such Fund amounts equivalent to the taxes received under chapter 52 (relating to cigars, cigarettes, smokeless tobacco, pipe tobacco, and cigarette papers and tubes) to the extent such amounts exceed the amounts that would have been received under the rates of tax that applied for 1999. Makes amounts available from the Fund to carry out a program established by the Secretary of Agriculture to buyout tobacco quota and to study the future of growing tobacco in the United States. Expresses the sense of Congress that there should be an advisory committee to advise the Secretary of Agriculture as to how the Federal Government plans to address tobacco growing in the future and how the future can be more predictable and stable for tobacco growing.
Bill· HRH.R. 2329 (107th)referred
United States · United States Congress · 27 June 2001
High-Speed Rail Investment Act of 2000 - Amends the Internal Revenue Code to allow a limited tax credit to holders of qualified Amtrak bonds. Sets forth definitions, State contribution requirements, and other rules. Requires approval, by the Secretary of Transportation, of qualified Amtrak projects funded by such bonds.
Bill· HRH.R. 2338 (107th)referred
United States · United States Congress · 27 June 2001
Renters Relief Act of 2001 - Amends the Internal Revenue Code to allow a refundable credit (maximum $2,500 per year) for rent in excess of 30 percent of income. Reduces such credit based upon adjusted gross income and area median income (as defined in this Act).
Bill· HRH.R. 2347 (107th)referred
United States · United States Congress · 27 June 2001
Tax Empowerment and Relief for Farmers and Fishermen (TERFF) Act - Amends the Internal Revenue Code to allow an eligible commercial farmer or commercial fisherman a deduction (up to 20 percent of taxable income attributable to such business) for the amount paid in cash into a Farm, Fishing, and Ranch Risk Management Account. Amends the Code and title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to exclude net earnings from a lease agreement (currently, an arrangement) from income with respect to farmland. Treats conservation reserve program payments as real estate rentals for self-employment earnings purposes. Exempt certain small issue agriculture bonds from the State volume cap. Sets forth a rule for determining the allowable deduction for a charitable contribution of food inventory. Extends income averaging to income from the trade or business of catching, taking, or harvesting fish intended to enter commerce through sale, barter, or trade. Disregards income averaging for farmers and commercial fishermen in computing the regular alternative minimum tax. Declares, with respect to the treatment of S corporations and to the tax exemption for farmers' cooperatives, that cooperative marketing includes the value-added processing of the products of cooperative members and other producers through animals that is by: (1) feeding such products to cattle, hogs, fish, chickens, or other animals; and then (2) selling the resulting animals or animal products. Authorizes a U.S. district court to issue a declaratory judgment relating to the initial or continuing qualification of a farmers' cooperative as tax-exempt. Provides, with respect to the small ethanol producer credit, for: (1) authorizing credit allocation among a cooperative's patrons; (2) increasing the gallon capacity for eligible producers; (3) making the credit a non-passive income credit; and (4) removing the credit from the alcohol fuel credit gross income inclusion.
Bill· HRH.R. 2337 (107th)referred
United States · United States Congress · 27 June 2001
Authorizes a qualified S corporation to make a one-time corporate conversion under special tax treatment which shall: (1) in the case of a transfer to partnership form result in no shareholder gain or loss recognition on transferred money or property; and (2) treat other money or property transfers as payment for such corporation's stock. Requires the partnership to maintain a five-year continuity of business in order to avoid a conversion recapture tax.
Bill· HRH.R. 2350 (107th)referred
United States · United States Congress · 27 June 2001
Amends the Internal Revenue Code to permit rural mail carriers to treat qualified vehicle expenses in excess of reimbursements as miscellaneous itemized deductions.
Bill· HRH.R. 2327 (107th)referred
United States · United States Congress · 27 June 2001
Repeals the sunset provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (Public Law 107-16).
Bill· HRH.R. 2339 (107th)referred
United States · United States Congress · 27 June 2001
Amends the Internal Revenue Code to allow a taxpayer an income-based credit ($2,000 maximum) for qualifying child disability education and training expenses paid on behalf of a dependent under the age of 18.
Resolution· HRESH.Res. 183 (107th)passed
United States · United States Congress · 27 June 2001
Sets forth the rule (open) for the consideration of H.R. 2330 (FY 2002 Agriculture, Rural Development, Food and Drug Administration, and Related Agencies programs appropriations).
Bill· SS. 1106 (107th)referred
United States · United States Congress · 26 June 2001
Amends the Internal Revenue Code to allow a tax credit for the production of oil or gas from deposits held in trust for, or held with restrictions against alienation by, Indian tribes and Indian individuals pursuant to a lease or other agreement issued or approved by the United States.
Bill· HRH.R. 2323 (107th)referred
United States · United States Congress · 26 June 2001
National Electricity and Environmental Technology Act - Directs the Secretary of Energy to: (1) perform an assessment that establishes cost and performance goals with respect to technologies that would permit the continued cost-competitive use of coal for electricity generation, chemical feedstocks, and transportation fuel in 2007, 2015, and 2020; (2) biennially transmit to Congress the results of a study to identify technologies capable of achieving specified cost and performance goals; and (3) implement under specified Federal law a research and development program, including commercial application of coal-based technologies. Directs the Secretary to establish a clean coal power commercial applications initiative that will demonstrate commercial applications of advanced coal-based technologies applicable to new or existing power plants, including coproduction plants. Amends the Internal Revenue Code to establish tax credits for: (1) investment in qualifying clean coal technology; (2) production from a qualifying clean coal technology unit; (3) investment in qualifying advanced clean coal technology facilities; and (4) production from qualifying advanced clean coal technology. Mandates creation of a Federal risk pool for qualifying advanced clean coal technology. Treats such tax credits as refundable overpayments (excessive credits) with respect to specified organizations and governmental units.
Bill· HRH.R. 2322 (107th)referred
United States · United States Congress · 26 June 2001
Home and Farm Wind Energy Systems Act of 2001 - Amends the Internal Revenue Code to allow a limited credit for amounts paid for qualified wind energy property from which at least 50 percent of the energy produced is consumed on site.
Bill· HRH.R. 2313 (107th)referred
United States · United States Congress · 26 June 2001
Crane Tithe Tax Act of 2001 - Amends the Internal Revenue Code to: (1) repeal the tax on corporations; (2) repeal the current tax rates for individuals and replace such rates with a ten percent tax on earned income; (3) provide amnesty for any tax liability prior to January 1, 2000; (4) repeal all specific exclusions from gross income, all deductions, and all credits; and (5) repeal subtitle B relating to estate, gift, and generation-skipping taxes.
Bill· HRH.R. 2316 (107th)referred
United States · United States Congress · 26 June 2001
Repeals the sunset provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (Public Law 107-16).
Resolution· HRESH.Res. 180 (107th)passed
United States · United States Congress · 26 June 2001
Sets forth the rule (open) for the consideration of H.R. 2311 (FY 2002 energy and water development appropriations).
Bill· SS. 1096 (107th)referred
United States · United States Congress · 25 June 2001
Military Spouse Physician Choice Act - Amends the Civilian Health and Medical Program of the Uniformed Services (CHAMPUS) to eliminate the requirement that a covered military dependent obtain a nonavailability-of-health-care statement for the receipt of health care services related to pregnancy. Amends the Floyd D. Spence National Defense Authorization Act for Fiscal Year 2001 to waive the requirement of such statement in the case of obstetrics and gynecological care related to the pregnancy of a covered beneficiary using TRICARE Extra (a Department of Defense managed health care program).
Bill· HRH.R. 2308 (107th)referred
United States · United States Congress · 25 June 2001
First-time Homebuyer Down Payment Assistance Act - Amends the Internal Revenue Code and the Employee Retirement Income Security Act of 1974 (ERISA) to exempt from prohibited transaction rules any home equity participation arrangement under which the trustee of a qualified plan, at the direction of the eligible participant, shall acquire an ownership interest (not to exceed $10,000, and repayable in full upon resale or other transfer) in any dwelling unit which within a reasonable period of time is to be used as the principal residence for a first-time homebuyer.
Bill· HRH.R. 2303 (107th)referred
United States · United States Congress · 25 June 2001
Ethanol and Biodiesel Promotion Act of 2001- Amends the Internal Revenue Code to allow a tax credit equal to 50 percent (up to $50,000) of the basis of qualified vehicle refueling and business use property placed in service during the taxable year with respect to the retail sale, or business use, of E85 ethanol (any fuel at least 85 percent of which is ethanol) and neat biodiesel (diesel fuel at least 85 percent of which is produced from a non-petroleum substance). Allows a business tax credit, determined according to a specified formula, for each gasoline gallon equivalent of E85 ethanol and neat biodiesel sold at retail by the taxpayer during such year as a fuel to propel any qualified motor vehicle. Establishes a small ethanol producer credit by allowing a tax-exempt farmers' cooperative to allocate such a credit to its patrons on the basis of the quantity or value of business done with or for them for the taxable year. Extends through December 31, 2007, the application to qualified clean-fuel vehicle refueling property for E85 ethanol of the deduction from gross income for clean-fueled vehicles and certain refueling property. Repeals the mandatory transfer into the Highway Trust Fund of amounts equivalent to the taxes on gasoline, diesel fuel, and kerosene and on certain vehicles.
Resolution· HRESH.Res. 178 (107th)passed
United States · United States Congress · 25 June 2001
Sets forth the rule (open) for the consideration of H.R. 2299 (FY 2002 Department of Transportation and related agencies appropriations).
Bill· SS. 1093 (107th)open
United States · United States Congress · 22 June 2001
Veterans' Benefits Programs Modification Act of 2001 - Amends Federal veterans' benefits provisions to: (1) exclude from annual income, for purposes of eligibility for veterans' pension, the proceeds of any life insurance policy or any other non-recurring income from any source; (2) repeal a provision providing an effective date for the award of death pension for which application is received within 45 days of such death; (3) provide an effective date for the reduction or discontinuance of compensation or pension by reason of a change in recurring income; (4) prohibit the payment of any benefit if information required of a claimant is not received by the Secretary of Veterans Affairs within one year; (5) prohibit veterans who are fugitive felons, or their dependents, from receiving any veterans' benefit during such fugitive period (requiring the Secretary to enter into a memorandum of understanding with State and local law enforcement agencies to furnish latest address information on such veteran); (6) prohibit payment of compensation to veterans remaining incarcerated for felonies committed before October 7, 1980; (7) revise, generally, the delimiting period for the use of educational assistance by a veteran with a total service-connected disability or by his or her survivors or dependents; (8) repeal the 500 per fiscal year limit on the number of veterans authorized to participate in programs of independent living services and assistance; and (9) increase from $50,750 to $63,175 the veterans home loan guaranty limit.
Bill· SS. 1092 (107th)referred
United States · United States Congress · 22 June 2001
Amends the Internal Revenue Code to exempt feed truck chassis from the excise tax on heavy trucks and trailers.
Bill· SS. 1087 (107th)referred
United States · United States Congress · 22 June 2001
Business Property Economic Revitalization Act of 2001 - Amends the Internal Revenue Code to classify qualified leasehold improvement property (defined as certain improvements made to an interior portion of nonresidential real property) as ten-year property for depreciation purposes under the Accelerated Cost Recovery System.
Law· HRH.R. 2299 (107th)enacted
United States · United States Congress · 22 June 2001
Department of Transportation and Related Agencies Appropriations Act, 2002 - Title I: Department of Transportation - Makes appropriations for FY 2002 (with specified rescissions, transfers of funds, limitations on obligations and administrative expenses, and liquidations of contract authorizations) for: (1) the Office of the Secretary of Transportation; (2) Coast Guard; (3) the Federal Aviation Administration (FAA); (4) the Federal Highway Administration (FHA), including specified amounts for Federal Motor Carrier Safety Administration (FMCSA) motor carrier safety enforcement at the U.S./Mexico border and for FMCSA U.S./Mexico border safety audits; (5) the Federal Motor Carrier Safety Administration; (6) the National Highway Traffic Safety Administration; (7) the Federal Railroad Administration; (8) the Federal Transit Administration; (9) the Saint Lawrence Seaway Development Corporation; (10) the Research and Special Programs Administration; (11) the Office of Inspector General; and (12) the Surface Transportation Board. Title II: Related Agencies - Makes appropriations for FY 2002 for: (1) the Architectural and Transportation Barriers Compliance Board; and (2) the National Transportation Safety Board. Title III: General Provisions - Sets forth specified prohibitions, limitations, permissions, and mandates with respect to the use of appropriations under this Act identical or similar to those enacted in the Department of Transportation and Related Agencies Appropriations Act, 2000 (P.L. 106-69). (Sec. 304) Bars the use of funds in this Act for salaries and expenses of more than 105 political and Presidential appointees in the Department of Transportation. (Sec. 310) Sets forth certain requirements prohibiting the Secretary of Transportation from distributing from, and in certain cases directing the Secretary to distribute, the obligation limitation for Federal-aid Highways amounts for specified Federal highway programs. Sets forth specified Federal highway projects in which the obligation limitation for Federal-aid Highways shall not apply. Provides for the redistribution of any unused obligation limitation on Federal-aid Highways amounts to the States. Earmarks specified Federal-aid Highways amounts for FY 2002 for State and Federal border infrastructure construction. (Sec. 312) Bars the use of funds under this Act to establish a vessel traffic safety fairway less than five miles wide between the Santa Barbara Traffic Separation Scheme and the San Francisco Traffic Separation Scheme. (Sec. 313) Authorizes airports to transfer to the FAA, without consideration, instrument landing systems (along with associated approach lighting equipment and runway visual range equipment) which conform to FAA design and performance specifications and which were purchased with airport development grant funds. (Sec. 316) Bars the use of funds under this Act to compensate in excess of 335 technical staff-years under the federally-funded research and development (R&D) center contract between the FAA and the Center for Advanced Aviation Systems Development during FY 2002. (Sec. 318) Authorizes certain funds for Alaska or Hawaii ferry boats or ferry terminal facilities to be used to construct new vessels and facilities or to improve existing vessels and facilities, including both the passenger and vehicle-related elements of such vessels and facilities, and for repair facilities. (Sec. 320) Prohibits the use of funds for employee training which: (1) does not meet identified needs for knowledge, skills, and abilities bearing directly upon the performance of official duties; (2) contains elements likely to induce high levels of emotional response or psychological stress in some participants; (3) does not require prior employee notification of the content and methods to be used in the training and written end of course evaluations; (4) contains any methods or content associated with religious or quasi-religious belief systems or "new age" belief systems; (5) is offensive to, or designed to change, participants' personal values or lifestyle outside the workplace; or (6) includes content related to human immunodeficiency virus-acquired immune deficiency syndrome (HIV/AIDS) other than that necessary to make employees more aware of its medical ramifications and the workplace rights of HIV-positive employees. (Sec. 321) Bars the use of funds, unless authorized by Congress, to pay for specified lobbying activities with respect to a Member of Congress or a State legislature. Permits Department of Transportation (DOT) or related agency employees to communicate to Members of Congress or to a State legislature with respect to requests for legislation or appropriations which they deem necessary for the efficient conduct of business. (Sec. 322) Prohibits expenditure of funds made available under this Act by any entity that does not agree to comply with the Buy American Act. Expresses the sense of Congress that entities receiving assistance under this Act should purchase only U.S.-made equipment and products to the greatest extent practicable. Prohibits the use of funds for contracts with persons falsely labeling products as made in America. (Sec. 323) Authorizes the Secretary to reserve up to $18 million of motor carrier safety program grant funds for grants to the States of Arizona, California, New Mexico, and Texas, to hire State motor carrier safety inspectors at the United States/Mexico border. (Sec. 326) Authorizes appropriations for expenses of the Amtrak Reform Council for FY 2003. Includes within the duties of such Council the identification of Amtrak routes which are candidates for closure or realignment based on performance rankings developed by Amtrak which incorporate information on each route's fully allocated costs and ridership on core intercity passenger service, and which assume that Federal subsidies for Amtrak will decline from FY 1999 to FY 2002. (Sec. 327) Bars the use of funds in this Act to make a grant unless the Secretary notifies the Committees on Appropriations not less than three full business days before any discretionary grant award, letter of intent, or full funding grant agreement totaling $1 million or more is announced by the DOT or its modal administrations from: (1) any discretionary grant program of the FHA other than the emergency relief program; (2) the FAA airport improvement program; or (3) any FTA program other than the formula grants and fixed guideway modernization programs. (Sec. 328) Amends the Consolidated Appropriations Act, 2000 to repeal a provision making additional funds available for FY 2001 through 2003 for the Federal Railroad Administration for certain expenses to enable the James A. Farley Post Office in New York City to be used as a train station and commercial center. (Sec. 329) Prohibits funds in this Act from being made available for planning, design, or construction of a light rail system in Houston, Texas. (Sec. 330) Prohibits funds in this Act from being made available for engineering work related to an additional runway at New Orleans International Airport. (Sec. 331) Prohibits funds appropriated under this Act from being used to issue regulations to implement the Kyoto Protocol which was adopted on December 11, 1997, in Kyoto, Japan at the Third Conference of the Parties to the United Nations Framework Convention on Climate Change, which has not been submitted to the Senate for advice and consent and ratification. (Sec. 332) Bars the use of funds in this Act to adopt guidelines or regulations requiring airport sponsors to provide to the FAA without cost building construction, maintenance, utilities and expenses, or space in airport sponsor-owned buildings for services relating to air traffic control, air navigation, or weather reporting. Provides that such prohibition does not apply to negotiations between the FAA and airport sponsors to achieve agreement on "below-market" rates for such items or to grant assurances that require airport sponsors to provide land without cost to the FAA for air traffic control facilities. (Sec. 333) Authorizes States to use allocated highway safety program funds to produce and place highway safety public service messages in television, radio, cinema, print media, and on the Internet in accordance with guidance issued by the Secretary. (Sec. 334) Authorizes Mohall Railroad, Inc. to abandon a specified length of track, which shall not be counted against a certain 350-mile limitation. (Sec. 336) Authorizes the Administrator of the General Services Administration to provide services to Amtrak for FY 2002 and each fiscal year thereafter until the fiscal year that Amtrak operates without Federal operating grant funds appropriated to it. (Sec. 337) Amends the Transportation Equity Act for the 21st Century to replace the high priority project to extend West Douglas Road in Alaska with a high priority project to construct Gastineau Channel Second Crossing to Douglas Island. (Sec. 339) Authorizes the Administrator of the FAA to accept funds from an airport sponsor (including entitlement funds under the Grants-in-Aid for Airports program) for it in order to hire additional staff or obtain the services of consultants with respect to airport projects that will add critical airport capacity to the national air transportation system. Limits the use of such funds only for facilitating the timely processing, review, and completion of environmental activities associated with such projects. (Sec. 340) Replaces high priority projects to construct a passenger ferry facility to serve Southworth, Seattle, Washington, and a Southworth Seattle ferry, with a high priority project passenger only ferry to serve Kitsap County-Seattle, Washington. (Sec. 342) Replaces the high priority project Bull Shoals Lake Ferry in Taney County, Missouri, with the high priority project to construct the Missouri Center for Advanced Highway Safety (MOCAHS). (Sec.343) Requires National Airport Station located at Ronald Reagan Washington National Airport to be known and designated as the Ronald Reagan Washington National Airport Station. Requires the Washington Metropolitan Area Transit Authority to modify the signs at such station to reflect the redesignation.
Bill· SS. 1081 (107th)referred
United States · United States Congress · 21 June 2001
Low-to-Moderate Income Home Ownership Tax Credit Act - Amends the Internal Revenue Code to establish a low-to-moderate home ownership credit based upon an applicable percentage of each qualified low-to-moderate income building's qualified basis. Excludes from gross income certain gain from the sale of such housing. Makes the rehabilitation credit applicable to buildings, other than certified historic structures, that are at least 50 years old. (Current law requires a building to have been placed in service before 1936.)
Bill· SS. 1082 (107th)referred
United States · United States Congress · 21 June 2001
Amends the Internal Revenue Code with respect to environmental remediation cost expensing to: (1) make such provision permanent; (2) include toxic substances within the definition of "hazardous substance"; (3) include toxic substances or structures containing hazardous or toxic substances within the definition of "qualified contaminated site"; and (4) eliminate a related recapture provision.
Bill· HRH.R. 2263 (107th)open
United States · United States Congress · 21 June 2001
Requires at least ten percent of the motor vehicles purchased by an Executive agency in any fiscal year to be high-efficiency vehicles (that use fuel other than gasoline or diesel fuel) or hybrid electric vehicles (that have a fuel-efficient gasoline engine assisted by an electric motor).
Bill· HRH.R. 2288 (107th)referred
United States · United States Congress · 21 June 2001
Asthma Awareness, Education and Treatment Act of 2001 - Authorizes the Secretary of Health and Human Services to make grants to public and nonprofit private entities for projects for specified asthma-related activities for low-income communities, including screening and referrals, information and education, and workshops for parents and other individuals who supervise children. Authorizes the Secretary also to award contracts to provide for a national media campaign to inform the public and health care providers on asthma, allergies, and related respiratory problems, especially in children. Amends the Internal Revenue Code to allow a taxpayer licensed and engaged in the trade or business of providing pest control services or heating, ventilation, and air conditioning services, an income tax credit for the aggregate cost of providing such services without charge to: (1) public housing; or (2) any multifamily residential rental property at least 75 percent of whose occupants are reasonably expected to have incomes below 200 percent of the official poverty line. Requires the Secretary to disseminate information about such credit. Directs the Secretary to provide for research into whether and to what extent there is a causal relationship between air pollutants and the occurrence of asthma, allergies, and related respiratory problems. Requires the Director of the National Heart, Lung, and Blood Institute, through the National Asthma Education Prevention Program Coordinating Committee, to: (1) identify all Federal programs that carry out asthma-related activities; and (2) develop and submit to Congress a Federal plan for responding to asthma.
Bill· HRH.R. 2281 (107th)open
United States · United States Congress · 21 June 2001
Digital Divide Elimination Act of 2001 - Amends the Internal Revenue Code to allow a tax credit for qualified computer technology or equipment equal to 50 percent of the amount paid for it (up to $500) by any taxpayer allowed an earned income credit. Extends from December 31, 2003, through June 30, 2004, the current enhanced deduction from gross income for charitable contributions of computers for elementary or secondary school purposes. Prescribes a special rule for contributions of computer technology and equipment to a qualified organization made within three years after the taxpayer acquired or constructed the property, if: (1) the property's original use is by the donor or the donee; (2) substantially all of the property's use by the donee is within the United States and, in the case of a qualified educational organization, for educational purposes related to the organization's purpose or function; (3) the property is not transferred by the donee in exchange for money, other property, or services, except for shipping, installation, and transfer costs; and (4) other specified requirements are met.
Bill· HRH.R. 2293 (107th)referred
United States · United States Congress · 21 June 2001
Amends the Internal Revenue Code and the Merchant Marine Act, 1936 to reduce the capital gains rate from 20 percent to 15 percent for sales or exchanges made on or after June 1, 2001, and in taxable years beginning before January 1, 2004. Prescribes a transition formula for taxable years including June 1, 2001.
Bill· HRH.R. 2271 (107th)referred
United States · United States Congress · 21 June 2001
Amends the Internal Revenue Code to classify natural gas distribution, storage, and transmission infrastructure assets as ten-year depreciable property.
Bill· HRH.R. 2264 (107th)referred
United States · United States Congress · 21 June 2001
Amends the Internal Revenue Code with respect to environmental remediation cost expensing to: (1) make such provision permanent; (2) include toxic substances within the definition of "hazardous substance"; (3) include toxic substances or structures containing hazardous or toxic substances within the definition of "qualified contaminated site"; and (4) eliminate a related recapture provision.
Bill· HRH.R. 2290 (107th)referred
United States · United States Congress · 21 June 2001
Conservation Tax Incentives Act of 2001 - Amends the Internal Revenue Code to exclude from gross income 50 percent of any gain from the sale of land or an interest in land or water to an eligible entity if: (1) such land or interest in land or water was owned by the taxpayer or a member of the taxpayer's family at all times during the 3-year period ending on the date of the sale; and (2) such land or interest in land or water is being acquired by an eligible conservation entity which provides the taxpayer, at the time of acquisition, a written letter of intent stating that the purchaser's intent in making the acquisition is to serve specified conservation purposes.
Bill· HRH.R. 2267 (107th)referred
United States · United States Congress · 21 June 2001
Domestic Energy Enhancement and Security Act of 2001 - Amends the Internal Revenue Code to: (1) provide for the phaseout of certain energy production-related tax preferences; (2) make the depreciation adjustment inapplicable to oil and gas assets; (3) eliminate certain adjustments based on adjusted current earnings related to inventories, intangible drilling and development cost, and oil and gas percentage depletion; (4) allow the enhanced oil recovery credit and the credit for producing fuel from a nonconventional source against the minimum tax; (5) extend the enhanced oil recovery credit to certain nontertiary recovery methods; and (6) provide, respecting percentage depletion for oil and gas property, for a ten-year carryback and the elimination of the net income limitation.
Bill· HRH.R. 2280 (107th)referred
United States · United States Congress · 21 June 2001
Cooperative Dividend Equity Act of 2001 - Amends the Internal Revenue Code to provide that the patronage dividends of cooperatives shall not be reduced by stock dividends to the extent the stock dividends are in addition to amounts otherwise payable.
Bill· HRH.R. 2279 (107th)referred
United States · United States Congress · 21 June 2001
Rural Heritage Conservation Act - Amends the Internal Revenue Code, with respect to farm and ranch land, to: (1) establish special rules for the charitable contribution of such land; (2) treat a farmer or rancher, for purposes of the charitable contribution limit, as an individual with respect to any such contribution; and (3) provide an unlimited carryover for certain conservation contributions of capital gain property.
Bill· SS. 1067 (107th)referred
United States · United States Congress · 20 June 2001
Medical Savings Account Availability Act of 2001 - Amends the Internal Revenue Code with respect to medical savings accounts to: (1) repeal restrictions on the number of accounts which may be established; and (2) expand the availability of such accounts to individuals other than the self-employed and employees of small employers.
Bill· HRH.R. 2250 (107th)referred
United States · United States Congress · 20 June 2001
Patient Access, Choice, and Equity Act of 2001 - Amends the Internal Revenue Code to, among other things: (1) establish a credit for the health insurance costs of an individual and his or her family; (2) provide for qualified health insurance credit amount payments by the Secretary of the Treasury to an employer or health insurance issuer for an employee or individual covered by qualified health insurance; (3) establish, in the case of an employer, a former health insurance exclusion credit.
Bill· HRH.R. 2254 (107th)referred
United States · United States Congress · 20 June 2001
Unemployment Tax Repeal Act of 2001 - Amends the Internal Revenue Code to repeal the requirement to include unemployment compensation in gross income and the provision concerning the voluntary withholding on unemployment benefits.
Bill· HRH.R. 2253 (107th)referred
United States · United States Congress · 20 June 2001
Tribal Government Tax-Exempt Bond Reform Amendments Act of 2001 - Amends the Internal Revenue Code to permit the issuance of tax-exempt bonds by an Indian tribal government if: (1) at least 95 percent of the net proceeds are used to finance facilities on or in close proximity to an Indian reservation; or (2) the obligation is part of an issue substantially all of whose proceeds are to be used in the exercise of an essential government function. Excludes gaming facilities from such provision. Amends the Securities Act of 1933 to exempt obligations issued by an Indian tribal government or subdivision from registration requirements.
Bill· HRH.R. 2260 (107th)referred
United States · United States Congress · 20 June 2001
Individual Investment Account Act of 2001 - Amends the Internal Revenue Code to allow a deduction for amounts contributed to individual investment accounts. Allows tax-free account distributions, limited to $15,000 for all taxable years, for use in the purchase of a principal residence by a first-time homebuyer. Makes such accounts tax-exempt unless the individual engages in prohibited transactions. Allows such deduction in determining adjusted gross income. Exempts such accounts from estate tax. Excludes from gross income gain from the sale or exchange of property if, during the five-year period ending on the date of the sale or exchange, such property has been owned and used by the taxpayer as a principal residence for periods aggregating two years or more. Limits such exclusion to the amount paid to an individual investment account during the one-year period beginning on the date of the sale or exchange. Provides for basis adjustment of a residence acquired through the use of an individual investment account.
Bill· HRH.R. 2259 (107th)referred
United States · United States Congress · 20 June 2001
Community Technology Assistance Act - Amends the Internal Revenue Code to expand the enhanced deduction for corporate donations of computer technology to include senior centers and community centers.
Bill· HJRESH.J.Res. 53 (107th)referred
United States · United States Congress · 20 June 2001
Constitutional Amendment - Requires a two-thirds vote in each House of Congress to pass legislation that would result in a budget deficit for any fiscal period, with exceptions in case of war or a military conflict which causes an imminent and serious threat to national security.
Resolution· HRESH.Res. 174 (107th)passed
United States · United States Congress · 20 June 2001
Sets forth the rule (open) for the consideration of H.R. 2217 (FY 2002 Department of the Interior and related agencies appropriations).
Bill· SS. 1064 (107th)referred
United States · United States Congress · 19 June 2001
Small Business Liability Protection Act - Amends the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 to provide (with exceptions) that persons shall be liable for response costs at a National Priorities List (NPL) facility as non-owners or operators only if the total of material containing a hazardous substance that the business arranged for disposal, transport, or treatment of, or accepted for transport, was greater than 110 gallons of liquid material or 200 pounds of solid material. Applies this exemption only to activities taking place before April 1, 2001. Exempts a person from liability for response costs (with exceptions) at a NPL facility for municipal solid waste (MSW) as a non-owner or operator if the person is an owner, operator, or lessee of residential property from which all of the person's MSW was generated, or a certain small business or small charitable tax-exempt organization that generated all its MSW, with respect to the facility concerned. Makes nongovernmental entities that commence a contribution action liable to the defendant for all reasonable costs of defending the action if the defendant is not liable based on the above-described exemptions. Adds to the list of parties eligible for de minimis final settlements certain persons and businesses that demonstrate an inability or limited ability to pay response costs. Revises conditions of eligibility for such settlements for de minimis parties.
Bill· SS. 1060 (107th)referred
United States · United States Congress · 19 June 2001
Amends the Internal Revenue Code to provide that certain postsecondary educational benefits (up to $2,000 per year) provided by an employer to children of employees shall be excluded from gross income as part of an educational assistance program.
Bill· SS. 1058 (107th)referred
United States · United States Congress · 19 June 2001
Biodiesel Renewable Fuels Act - Amends the Internal Revenue Code to: (1) allow a tax credit of between 3 and 20 cents per gallon for soy or specified vegetable based biodiesel fuel mixtures; and (2) make corresponding reductions to motor fuel excise taxes.
Bill· SS. 1059 (107th)referred
United States · United States Congress · 19 June 2001
Amends the Internal Revenue Code to provide that certain postsecondary educational benefits (up to $2,000 per year) provided by an employer to children of employees shall be excluded from gross income as a scholarship.
Bill· HRH.R. 2233 (107th)referred
United States · United States Congress · 19 June 2001
Establishes the Community Power Investment Revolving Loan Fund. Authorizes the Secretary of Energy to make loans from such Fund to a State, local, or municipal government in sound financial standing for the development of alternative energy and energy delivery systems. Prescribes loan repayment guidelines. Amends the Federal Power Act to direct the Federal Energy Regulatory Commission to prohibit any public utility or State regulatory authority from imposing any fee or charge on any electric consumer, State, or municipality for the purpose of recovering wholesale stranded costs it may incur when retail electric consumers cease to be served by that public utility by reason of the provision of electric service by a State or local government. Amends the Internal Revenue Code to repeal the restriction placed upon the use of tax-exempt bonds to acquire nongovernmental output property.
Bill· HRH.R. 2237 (107th)referred
United States · United States Congress · 19 June 2001
Amends the Internal Revenue Code to provide that the conducting of certain games of chance conducted by qualifying tax exempt or nonprofit organizations shall not be treated as an unrelated trade or business for purposes of the tax imposed on tax-exempt organizations.