Taxation

Records whose title is actually about this topic. Use a country filter if the list is still too broad.

451 records in US in 2002

Records

Bill· SS. 2129 (107th)referred

A bill to amend the Internal Revenue Code of 1986 to clarify that any home-based service worker is an employee of the administrator of home-based service worker program funding.

United States · United States Congress · 15 April 2002

Amends the Internal Revenue Code (IRC) to include a "qualified home-based worker" within the definition of employee for the purposes of the IRC. Defines "qualified home-based worker" as a worker providing in-home household or personal care services for disabled and elderly individuals under a program which has its funding administered by a State, State agency, or an intermediate services organization.

Bill· HRH.R. 4227 (107th)open

To codify and extend the current Department of Agriculture program to promote the use of agricultural commodities by bioenergy producers, particularly small-scale producers, to produce ethanol and biodiesel fuels.

United States · United States Congress · 15 April 2002

Directs the Secretary of Agriculture to continue the Department of Agriculture program to promote the use of eligible agricultural commodities (as defined by this Act) by ethanol and biodiesel fuel producers through FY 2011. Gives priority to producers with less than 65,000 gallon annual production capacity. Caps annual fiscal year payments to a producer at $10 million.

Bill· HRH.R. 4229 (107th)referred

Death Tax Elimination Act

United States · United States Congress · 15 April 2002

Death Tax Elimination Act - Amends the Internal Revenue Code to repeal subtitle B (Estate and Gift Taxes) of the Internal Revenue Code.

Bill· SS. 2119 (107th)open

Reversing the Expatriation of Profits Offshore Act

United States · United States Congress · 11 April 2002

Reversing the Expatriation of Profits Offshore Act - Sets forth the following conditions in which a foreign incorporated entity shall be treated as an inverted domestic corporation for purposes of taxation: (1) if such an entity acquires substantially all properties held by a domestic corporation or substantially all of the properties constituting a trade or business of a domestic partnership; (2)at least 80 percent of the stock (by vote or value) is held by former shareholders (or partners, in the case of a partnership) of the domestic corporation or partnership (with certain exceptions); and (3) if the "expanded affiliated group" lacks substantial business activities in its country of origin compared to its total activities. Sets specific rules covering "inversion gains" of certain "acquired entities" and party transactions of such entities not covered by the above provisions, including: (1) that taxable income of "inversion gains" of such entities cannot be offset; (2) that tax credits shall not be permitted to be used against tax on "inversion gains" of such entities; and (3) that such entities submit to the Secretary of the Treasury an annual prefiling, advance pricing, or other agreement specified by the Secretary. Establishes penalties for failure to make such agreements. Modifies limitation on interest deduction for such entities. Invalidates certain transfers of liabilities deemed to be aimed at avoiding the Act. Increases scope under which the Secretary may act to modify reinsurance agreements to take account of the amount of taxable income of each party. Defines "acquired entities, "inversion gain," and "expanded affiliated group."

Bill· HRH.R. 4210 (107th)referred

Working From Poverty to Promise Act of 2002

United States · United States Congress · 11 April 2002

Working From Poverty to Promise Act of 2002 - Amends title IV part A (Temporary Assistance for Needy Families) (TANF) of the Social Security Act (SSA) to require State plans to include poverty reduction plans. Requires States to: (1) identify and remedy barriers to employment for TANF recipients; and (2) develop and revise self-sufficiency plans. Repeals the limitation on the number of persons per family who may be treated as engaged in work by reason of participation in educational activities. Specifies as allowable work activities certain limited participation in vocational or educational training (including postsecondary education), work-study, and related internships. Requires State plans to certify that the State will assess its regional economies and share the results with its political subdivisions. Requires States to assess their economies to identify and report to the Secretary on higher-entry level wage opportunities in industries experiencing labor shortages. Requires the Secretary to make bonus grants to States as rewards for providing exceptional economic opportunity and accountability. Revises the meaning of "assistance" (with respect to the five-year limit on TANF) for families with income from employment to exclude any benefit or service for any month if the family includes an adult or minor child head of household who has received at least a certain State-determined amount of income. Revises the hardship exception to the five-year limit on TANF to require a State to define hardship to include mental illness and disability that is not sufficient to make the sufferer eligible for benefits under SSA title XVI (Supplemental Security Income). Permits the State to authorize additional Secretary-approved hardship exceptions. Requires State plans to provide for case management planning and services for hardship clients with multiple barriers to employment. Authorizes fiscal adjustments for inflation and continuation of waivers.

Bill· HRH.R. 4181 (107th)referred

Vested Worker Protection Act of 2002

United States · United States Congress · 11 April 2002

Vested Worker Protection Act of 2002 - Amends the Internal Revenue Code to mandate that an "applicable pension plan" adopting any amendment that reduces rates of future benefits provide: (1) written notice meeting certain requirements to participants; and (2) that the participants be offered the chance to elect to continue to accrue benefits under the terms in effect immediately before the amendment. Defines "accrued benefit" as an early retirement benefit or retirement-type subsidy meeting certain standards. Defines "applicable pension plan" as a defined benefit plan or an individual account plan with at least 100 active participants meeting certain funding standards and other restrictions. Requires plans to inform participants of the option of staying under the old terms at least 90 days before the effective date of the amendment. Exempts a plan from the above requirements if its sponsor can show the Secretary of the Treasury that each employer contributing to the plan meets certain distress termination conditions under regulations of the Secretary. Imposes an excise tax on plans that adopt amendments decreasing benefits and do not let participants elect to continue to accrue benefits under the old terms. Makes the plan liable for such tax in the case of a multiemployer plan, and the employer liable in any other case.

Bill· HRH.R. 4194 (107th)referred

To amend the Internal Revenue Code of 1986 to provide an increased low-income housing credit for property located immediately adjacent to qualified census tracts.

United States · United States Congress · 11 April 2002

Amends the Internal Revenue Code to provide an increased low-income housing credit for property which is contiguous to a qualified census tract and which meets qualified allocation plan criteria.

Bill· HRH.R. 4180 (107th)referred

To amend section 527 of the Internal Revenue Code of 1986 to eliminate notification and return requirements for State and local political committees and candidate committees and avoid duplicate reporting by certain State and local political committees of information required to be reported and made publicly available under State law, and for other purposes.

United States · United States Congress · 11 April 2002

Amends the Internal Revenue Code to exempt State and local committees of candidates and of political parties from specified notification requirements. Exempts certain "exempt State or local political organizations" from specified reporting requirements. Defines "exempt State and local political organizations." Modifies characteristics of political organizations obligated to complete an informational return, such that specified political organizations with $25,000 or more in annual gross receipts must file, as well as "exempt state and local political organizations" with annual gross receipts of $100,000 or more. Directs the Secretary of the Treasury to review the components of such returns. Authorizes the Secretary to waive certain penalties for notification and reporting violations. Obligates political organizations to inform the Secretary whether they plan to seek exemptions from financial or informational returns.

Bill· HJRESH.J.Res. 86 (107th)referred

Proposing a balanced budget amendment to the Constitution of the United States.

United States · United States Congress · 11 April 2002

Constitutional Amendment - Prohibits outlays for a fiscal year (except those for repayment of debt principal) from exceeding total receipts for that fiscal year (except those derived from borrowing) unless Congress, by a three-fifths roll call vote of each House, authorizes a specific excess of outlays over receipts. Requires a three-fifths roll call vote of each House to increase the public debt limit. Directs the President to submit a balanced budget to Congress. Prohibits any bill to increase revenue from becoming law unless approved by a majority of each House. Authorizes waivers of these provisions when a declaration of war is in effect or under other specified circumstances involving military conflict.

Bill· SS. 2084 (107th)referred

A bill to amend the Internal Revenue Code of 1986 to clarify the exemption from tax for small property and casualty insurance companies.

United States · United States Congress · 10 April 2002

Amends Internal Revenue Code provisions concerning tax-exempt insurance companies (other than life insurance companies) to increase from $350,000 to $551,000 (adjusted annually for inflation) the maximum amount of premiums that may be written annually by such a company in order to remain tax-exempt. Raises the maximum amount of premiums that may be written annually by an insurance company (other than a life insurance company) to qualify for an alternative tax for small companies.

Bill· SS. 2087 (107th)referred

A bill to amend the Internal Revenue Code of 1986 to allow employers a credit against income tax for the provision of independent investment advice to employees.

United States · United States Congress · 10 April 2002

Amends the Internal Revenue Code to give employers a tax credit of 40% (60% in the case of a small employer) of the qualified independent investment advice services they provide in a taxable year to their employees. Limits to $50 the amount of services which may be taken into account annually per employee per firm and sets an annual maximum limit of $50,000 (when added to such credits allowed for all previous years) per employer. Stipulates that investment advice shall not be considered valid unless such services are offered in a way that does not discriminate in favor of highly compensated employees.

Law· HRH.R. 4156 (107th)enacted

Clergy Housing Allowance Clarification Act of 2002

United States · United States Congress · 10 April 2002

Clergy Housing Allowance Clarification Act of 2002 - Amends the Internal Revenue Code to specify that the parsonage allowance exclusion from gross income cannot exceed the fair rental value of the home, including furnishings and appurtenances such as a garage, plus the cost of utilities.

Bill· HRH.R. 4152 (107th)open

Combat Pay for Combat Risk Act of 2002

United States · United States Congress · 10 April 2002

Combat Pay for Combat Risk Act of 2002 - Dictates that a member of the Armed Forces of the United States who is entitled to special pay for being subject to hostile fire or imminent danger as part of Operation Enduring Freedom (or any successor operation) shall be treated in the same manner as if the individual were in a combat zone for the following provisions of the Internal Revenue Code: (1) those relating to the special rule where a deceased spouse was missing in action; (2) those pertaining to exclusion of certain combat pay for soldiers; (3) those relating to income taxes of members of the Armed Forces upon death; (4) those pertaining to members of the Armed Forces dying in combat zone or by reason of wounds suffered in the combat zone; (5) those defining wages relating to combat pay (to apply to remuneration paid after the passage of the Act); (6) those dealing with taxation of phone service for soldiers from a combat zone; (7) those pertaining to a joint tax return where an individual is missing in action; and (8) those relating to time for performing certain acts postponed due to service in a combat zone.

Bill· HRH.R. 4151 (107th)referred

Fairness, Simplification and Competitiveness for American Business Act of 2002

United States · United States Congress · 10 April 2002

Fairness, Simplification and Competitiveness for American Business Act of 2002 - Revises Internal Revenue Code (the Code) rules relating to U.S. businesses operating abroad. Revises provisions concerning treatment of controlled foreign corporations, including: (1) expanding the de minimis rule; (2) excluding from the definition of "foreign base company oil related income" the pipeline transportation of oil or gas within such foreign country; (3) repealing rules applicable to foreign personal holding companies and foreign investment companies; and (4) amending the definition of foreign personal holding company income to include income from certain personal services contracts and sale of such contracts. Sets forth provisions concerning foreign tax credit, including: (1) extending the period in which excess foreign taxes may be carried; (2) defining overall domestic loss and setting forth provisions for determining taxable income for any taxpayer sustaining such a loss; (3) issuing special rules relating to financial services income; (4) dictating rules for the treatment of dividends from certain corporations and extending the look-through treatment for such corporations; (5) extending the carryforward period for foreign tax credits; (6) repealing the limitation of such credits under the alternative minimum tax; and (7) eliminating limitation on such credits with regard to oil or gas extraction taxes. Makes other revisions, including: (1) expanding the deduction for dividends from foreign corporations with U.S. income; (2) exempting certain foreign corporations from uniform capitalization rules; (3) setting forth provisions concerning airline mileage awards to certain foreign persons; and (4) repealing the special capital gains tax on nonresident aliens. Permits, for interest allocation rule purposes, treating each electing worldwide affiliated group as an affiliated group, subject to exceptions. Makes permanent the subpart F exception for active income financing (presently, the exception expires for taxable years beginning after December 31, 2006). Repeals provisions of the FSC Repeal and Extraterritorial Income Exclusion Act of 2000 (which amended the Code) which, subject to exception, excluded from extraterritorial income from gross income.

Bill· HRH.R. 4136 (107th)referred

Medicare Outpatient Prescription Drug Coverage Funding Act of 2002

United States · United States Congress · 10 April 2002

Medicare Outpatient Prescription Drug Coverage Funding Act of 2002 - Amends title XVIII (Medicare) of the Social Security Act (SSA) to transfer certain Federal estate tax revenues to the Federal Hospital Insurance Trust Fund (FHI). Establishes within FHI a separate "Outpatient Prescription Drug Account" to be used for outpatient prescription drug benefits. Amends the Internal Revenue Code to make permanent, as of 2007, a 45 percent maximum estate tax rate. Repeals the repeal of estate, gift, and generation-skipping transfer taxes by the Economic Growth and Tax Relief Reconciliation Act of 2001 (thus restoring such taxes).

Bill· SS. 2078 (107th)referred

A bill to amend section 527 of the Internal Revenue Code of 1986 to eliminate notification and return requirements for State and local political committees and candidate committees and avoid duplicate reporting by certain State and local political committees of information required to be reported and made publicly available under State law, and for other purposes.

United States · United States Congress · 9 April 2002

Bill· HRH.R. 4122 (107th)referred

To amend title V of the Social Security Act to extend abstinence education funding under maternal and child health program through fiscal year 2007 and to amend title XIX of that Act to extend the authorization of transitional medical assistance for 1 year.

United States · United States Congress · 9 April 2002

Amends: (1) title V (Maternal and Child Health Services) of the Social Security Act (SSA) to extend the abstinence education funding through FY 2007; and (2) SSA title XIX (Medicaid) to extend grants to States for the transitional medical assistance program through FY 2003.

Bill· HRH.R. 4112 (107th)referred

Medicare Rural Access Preservation Act of 2002

United States · United States Congress · 9 April 2002

Medicare Rural Access Preservation Act of 2002 - Amends title XVIII (Medicare) of the Social Security Act (SSA), with respect to covered outpatient department (OPD) services furnished in sole community hospitals during 2003 or 2004, to require that the payment due be increased by the difference between the two amounts whenever the prospective payment system (PPS) amount is less than the pre-BBA amount (the amount determined before enactment of the Balanced Budget Act of 1997). Increases by 20 percent the Medicare payment for home health care furnished in a frontier area during 2003 through 2006. Permits hospitals to increase temporarily above 15 the number of acute care inpatient beds, provided the hospital will maintain an annual average daily inpatient census of not more than 12 beds. Increases by 15 percent the Medicare payment for hospice care furnished in a frontier area during 2003 through 2006. Prohibits the Secretary of Human Services and a fiscal intermediary from taking action to deny payment for hospice care for an individual on the basis that the individual is not terminally ill if the individual dies within six months of the date admitted into the hospice program. Directs the Administrator of the Centers for Medicare and Medicaid Services to evaluate the standards used by fiscal intermediaries in denying a physician certification that an individual is terminally ill.

Bill· HRH.R. 4121 (107th)referred

To amend the Internal Revenue Code of 1986 to allow an additional advance refunding of tax-exempt bonds issued for the purchase or maintenance of electric generation, transmission, or distribution assets.

United States · United States Congress · 9 April 2002

Permits one additional advance refunding of certain tax-exempt bonds, of which the net proceeds are used to finance the costs of electric generation, transmission, or distribution assets owned by the issuer or by a consortium of State or local governments which includes the issuer. Sets certain conditions the bonds must meet to qualify for the advance refunding.

Bill· HRH.R. 4087 (107th)referred

Small Business Investment in Growth Act of 2002

United States · United States Congress · 9 April 2002

Small Business Investment in Growth Act of 2002 - Increases to $40,000 the maximum amount a taxpayer may expense certain property (Section 179 business property) as a tax deduction for a taxable year. Increases from $200,000 to $325,000 the amount of property triggering the phaseout of such maximum.

Bill· HRH.R. 4099 (107th)referred

Employee Leasing Organization Act of 2002

United States · United States Congress · 9 April 2002

Employee Leasing Organization Act of 2002 - Amends the Internal Revenue Code to provide that employee leasing organizations are considered employers for purposes of: (1) income tax withholding; (2) the federal unemployment tax; (3) the federal insurance contributions tax; (4) life and health insurance; and (5) 401(k) contributions, and etc.

Resolution· SCONRESS.Con.Res. 100 (107th)open

An original concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2003 and setting forth the appropriate budgetary levels for each of the fiscal years 2004 through 2012.

United States · United States Congress · 22 March 2002

Sets forth the congressional budget for the Government for FY 2003, setting forth the appropriate budgetary levels for each of FY 2004 through 2012. Lists recommended budgetary levels and amounts for FY 2003 through 2012 with respect to: (1) Federal revenues; (2) new budget authority; (3) budget outlays; (4) surpluses; (5) public debt; and (6) debt held by the public. Sets forth specified amounts of revenues and outlays of the Federal Old-Age and Survivors and Disability Insurance Trust Funds. Lists the appropriate levels of new budget authority and budget outlays for FY 2003 through FY 2012 for specified major functional categories. Provides for specified budgetary restraints and reserve funds. Expresses the sense of the Senate concerning: (1) estimates of the cost of small business credit programs; (2) Federal employee pay; (3) broadband capabilities for underserved areas; (4) reductions in guaranteed social security benefits; (5) mental health parity; (6) beneficiary access to health services; (7) cost of prescription drugs and competition; (8) equal access to medicare; (9) home health care; (10) medicare equity; (11) access to affordable health care coverage for the uninsured; (11) stockpile for childhood immunizations; (12) a medicaid commission; (13) child care funding; (14) child tax credit; (15) defense science and technology; (16) Department of Defense review of Tail-to-Tooth Commission; (17) the National Guard; (18) concurrent receipt of military retired pay and Veterans' Administration Disability Compensation; (19) full funding for the assistance to Firefighters Grant Program; (20) the National Infrastructure Protection Center; (21) tribal colleges and universities; (22) the Pell Grant; (23) Superfund; (24) PILT funding; (25) State and local costs of providing services to illegal immigrants; and (26) a balanced budget constitutional amendment.

Bill· SS. 2042 (107th)referred

Access to Affordable Health Care Act

United States · United States Congress · 21 March 2002

Access to Affordable Health Care Act - Addresses health care access issues for small businesses, individuals and families, and rural and underserved areas. Addresses issues of the health care safety net, long-term care, the promotion of healthier lifestyles, and Medicare. Targets small businesses through tax credits for employee health insurance expenses and grants for health insurance purchasing groups, information dissemination, and access innovation. Targets individuals and families through health insurance cost credits and full premium deductibility for the self-employed. Renames the State Children's Health Insurance program as the FamilyCare program and revises the program, providing coverage for certain parents and optional coverage of legal immigrants and children through age 20 under the program and Medicaid. Revises restrictions, procedures, and allotments. Amends the Public Health Service Act to award State grants for the creation of high risk pools. Expresses the sense of the Senate that appropriations for consolidated health centers and the National Health Service Corps under the Public Health Service Act should be doubled over the next five fiscal years. Targets rural and underserved areas through revisions to the loan repayment and scholarship programs of the National Health Service Corps. Targets long-term care through Internal Revenue Code amendments concerning specified credits, deductions, and model provisions. Directs the Secretary of Health and Human Services to: (1) make grants to States for community partnership healthy lifestyle activities and small business worksite wellness programs; (2) expand comprehensive school health education programs; and (3) establish Medicare demonstration projects providing bonus payments for high-quality, low-cost inpatient hospital or physician's services and clinical practitioners to hospitals serving beneficiaries in underserved areas. .

Bill· SS. 2047 (107th)referred

Domestic Spirits Tax Equity Act of 2002

United States · United States Congress · 21 March 2002

Domestic Spirits Tax Equity Act of 2002 - Amends the Internal Revenue Code to allow a distilled spirits wholesaler a distilled spirits wholesalers credit equal to the product of: (1) the number of cases of bottled distilled spirits which were bottled in the United States and which are purchased by such wholesaler during the taxable year directly from the distiller or importer of such spirits; and (2) the average tax-financing cost per case for the most recent calendar year ending before the beginning of such taxable year.

Bill· SS. 2056 (107th)referred

Integrity in Auditing Act of 2002

United States · United States Congress · 21 March 2002

Integrity in Auditing Act of 2002 - Amends the Securities Exchange Act of 1934 to prohibit an independent public accountant from providing: (1) management consulting or any other non-audit-related services during the same calendar year in which it provides auditing services; (2) any service that could either result in a potential conflict of interest, or impair auditor independence; or (3) auditing or related services for an issuer for more than seven consecutive years. Bars an independent public accountant from employment in a management or other policymaking position for an issuer for whom that accountant (or affiliated person) has provided auditing services during the one-year period preceding the date of employment. Permits the performance, however, of tax consulting services contemporaneously with any auditing or related service. Directs the Securities and Exchange Commission to require: (1) issuer disclosure of the nature, extent, and duration of interrelationships between the issuer and the board of directors, senior officers of the corporation, and immediate family members; and (2) the audit committee and compensation committee of an issuer to consist solely of independent directors. Expresses the sense of the Senate that: (1) tough enforcement, including criminal prosecution whenever possible, is the most effective deterrent to fraudulent activity; and (2) the Commission should take a firm, swift approach to wrongdoers.

Bill· SS. 2050 (107th)referred

A bill to amend the Internal Revenue Code of 1986 to treat nominally foreign corporations created through inversion transactions as domestic corporations.

United States · United States Congress · 21 March 2002

Amends the Internal Revenue Code by treating as domestic corporations foreign corporations created through inversion transactions. Defines "inverted domestic corporation."

Bill· SS. 2058 (107th)referred

Making Work Pay Act

United States · United States Congress · 21 March 2002

Making Work Pay Act - Amends part A (Temporary Assistance to Needy Families) (TANF) of title IV of the Social Security Act (SSA), with respect to rewards to States in which families leave welfare for work, to replace the caseload reduction credit with an employment credit. Requires the reduction of a State's minimum participation rate by the number of percentage points in the State's employment credit for the fiscal year. Allows States to receive partial credit toward their work participation rate for recipients engaged in part-time work for an average of at least half the minimum average number of hours per week. Removes from the work participation rate calculation for a entire year any TANF recipients who qualify for supplemental security income benefits under SSA title XVI. Grants States the option to include recipients of substantial child care or transportation assistance in the work participation rate. Repeals the separate work participation rate for two-parent families (thus lowering their rate to the one applied to one-parent families).

Bill· HRH.R. 4079 (107th)referred