Taxation

State High Risk Pool Funding Extension Act of 2005

United States · United States Congress · 14 July 2005

State High Risk Pool Funding Extension Act of 2005 - Amends the Public Health Service Act to reauthorize funds for states to create high risk health insurance pools and to operate existing pools. Amends the formula for appropriating funds to states to operate such pools to give one-half of the funds to eligible states equally and apportion the other half based on the number of uninsured individuals in each state and the number of enrollees in the state's qualified high risk pool. (Currently, all funds are allotted based solely on the number of uninsured individuals in the state.) Authorizes appropriations for the program through FY 2009. Requires the Secretary of Health and Human Services to contract with the Institute of Medicine for a study on the development of a standard model for the certification of individuals as being uninsurable and thereby eligible for health benefits coverage through state high risk pools. Amends the Internal Revenue Code to increase the tax credit for payment of qualified health insurance.

Child Tax Credit Preservation Act of 2005

United States · United States Congress · 14 July 2005

Child Tax Credit Preservation Act of 2005 - Makes permanent the increases in the child tax credit enacted by the Economic Growth and Tax Relief Reconciliation Act of 2001, the Jobs and Growth Tax Relief Reconciliation Act of 2003, and the Working Families Tax Relief Act of 2004. Provides for an annual inflation adjustment to child tax credit amounts, beginning in 2006.

Physician Incentives to Serve Rural America Act of 2005

United States · United States Congress · 14 July 2005

Physician Incentives to Serve Rural America Act of 2005 - Amends the Internal Revenue Code to allow physicians a one-time nonrefundable tax credit of $20,000 for treating at least 350 Medicare patients in certain rural areas during a specified two-year period.

To amend the Internal Revenue Code of 1986 to extend the deduction for qualified clean-fuel vehicle refueling property and to amend the Clean Air Act to make ethanol fuels more available to motorists.

United States · United States Congress · 13 July 2005

Amends the Internal Revenue Code to: (1) extend through 2013 the tax deduction for qualified clean-fuel vehicle refueling property; and (2) provide for a phaseout of the tax deduction for qualified clean-fuel vehicle refueling property placed in service after December 31, 2010. Amends the Clean Air Act to require retail gasoline service centers with eight or more pumps to operate at least one pump for the retail sale of fuel containing at least 85 percent ethanol.

Eminent Domain Tax Relief Act of 2005

United States · United States Congress · 13 July 2005

Eminent Domain Tax Relief Act of 2005 - Amends the Internal Revenue Code to exclude from gross income gain from the conversion of property by reason of eminent domain.

Trade Agreement Enforcement Act

United States · United States Congress · 13 July 2005

Trade Agreement Enforcement Act - Amends the Trade Act of 1974 to create in the Office of the U.S. Trade Representative (USTR) the position of Deputy U.S. Trade Representative for Trade Enforcement to ensure compliance with trade agreements relating to U.S. manufactured goods and services. Grants the Deputy authority to investigate and recommend prosecuting cases before the World Trade Organization (WTO) and under trade agreements to which the United States is a party. Requires the Deputy to: (1) identify foreign government barriers to U.S. goods and services that are at odds with current trade agreements; and (2) perform such other functions as the USTR may direct. Authorizes appropriations without fiscal year limitations for the Deputy to hire 100 additional trade enforcement investigators to be assigned to foreign nations to aid the Deputy in investigating such potential cases. Requires the Deputy to report annually to specified congressional committees on non-tariff trade barriers affecting market access for U.S. companies to markets in: (1) the European Union; (2) the People's Republic of China; (3) Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, and Nicaragua; (4) India; (5) Brazil; and (6) Mexico. Focuses such report on manufacturing in goods, intellectual property piracy, sanitary standards, and telecommunications access.

To amend the Internal Revenue Code of 1986 to allow a deduction for flexible fuel vehicles.

United States · United States Congress · 13 July 2005

Amends the Internal Revenue Code to allow a tax deduction for the cost of any qualified flexible fuel vehicle. Defines "qualified flexible fuel vehicle" as a motor vehicle that can use each of the following: (1) gasoline; (2) one or more fuels at least 85 percent of which is methanol, ethanol, any other alcohol, and/or ether; and (3) any combination of gasoline and one or more of such fuels. Terminates such deduction after 2010.

Energy Efficiency Cornerstone Act of 2005

United States · United States Congress · 13 July 2005

Energy Efficiency Cornerstone Act of 2005 - Amends the Energy Policy and Conservation Act (EPCA) to expand the scope of products encompassed within the Energy Conservation Program for Consumer Products Other Than Automobiles, including testing requirements and energy conservation standards for additional consumer and commercial products. Amends the Energy Conservation and Production Act (ECPA) to set forth additional funding incentives for state building energy efficiency codes. Amends the National Manufacturing Housing Construction and Safety Standards Act of 1974 to subject its energy conservation standards to the most recent version of the International Energy Conservation Code. Amends the Cranston-Gonzalez National Affordable Housing Act to subject energy efficiency standards and a model energy code to the 2004 International Energy Conservation Code. Amends EPCA to establish within the Department of Energy and the Environmental Protection Agency a voluntary program to identify and promote energy-efficient products and buildings through voluntary labeling of, or other forms of communication about, products and buildings that meet the highest energy efficiency standards. Amends the ECPA to: (1) subject federal building performance standards to the 2004 International Energy Conservation Code; and (2) require all housing constructed under the military housing privatization initiative of the Department of Defense to be Energy Star qualified and equipped with Energy Star appliances and FEMP designated appliances, including Energy Star lighting. Amends EPCA and the Energy Policy Act of 1992 to modify compliance requirements governing alternative fuel use by light duty federal vehicles. Amends federal transportation law to modify standards for executive agency automobiles. Directs the Secretary of Energy (Secretary) to enter into voluntary agreements with entities in industrial sectors that consume significant quantities of primary energy for each unit of physical output to reduce the energy intensity of their production activities. Instructs the Secretary to establish a financial assistance pilot program for state implementation of pilot projects for energy efficiency programs and reduction of consumption of electricity or natural gas. Amends the Public Utilities Regulatory Policy Act of 1978 to require a state regulatory authority or non-regulated utility to implement an energy efficiency resource program to reduce consumer electricity or gas consumption. Amends the Internal Revenue Code to set forth business related credits for: (1) construction of new energy efficient homes; (2) energy efficiency improvements to existing homes; and (3) energy efficient appliances. Allows as a deduction from gross income: (1) an amount equal to the cost of energy efficient commercial building property placed in service during the taxable year; and (2) certain energy efficient property used in business and residential rental property. Establishes a tax credit for: (1) energy efficient building property expenditures; (2) installation of qualified fuel cells; and (3) qualified fuel cell motor vehicles and hybrid motor vehicle. Revises requirements for the energy credit for combined heat and power system property.

Domestic Partnership Benefits and Obligations Act

United States · United States Congress · 13 July 2005

Domestic Partnership Benefits and Obligations Act - Entitles domestic partners of federal employees to benefits available to spouses of federal employees. Specifies certifications required for benefit eligibility, filing requirements regarding partnership dissolution, and confidentiality requirements. Amends the Internal Revenue Code to extend the tax exemption for employer contributions to accident and health plans to domestic partners under this Act.

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

United States · United States Congress · 13 July 2005

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 rollcall vote of each House, authorizes a specific excess of outlays over receipts. Requires a three-fifths rollcall vote of each House to increase the public debt limit. Directs the President to submit a balanced budget to Congress annually. Prohibits any bill to increase revenue from becoming law unless approved by a majority of each House by rollcall vote. Authorizes waivers of these provisions when a declaration of war is in effect or under other specified circumstances involving military conflict.

CARE Act of 2005

United States · United States Congress · 12 July 2005

Caregiver Assistance and Relief Effort Act of 2005 or the CARE Act of 2005 - Amends the Older Americans Act of 1965 to increase and extend the authorization of appropriations for the national family caregiver support program, including caregiver support programs for Native Americans, through FY2006. Amends the Internal Revenue Code to: (1) allow caregivers a tax credit for family members with long-term care needs; (2) allow a tax deduction for long-term care insurance premiums; and (3) apply certain consumer protection provisions to long-term care insurance contracts.

Income Equity Act of 2005

United States · United States Congress · 12 July 2005

Income Equity Act of 2005 - Amends the Internal Revenue Code to deny employers a tax deduction for payments of excessive compensation (more than 25 times the lowest compensation paid any other employee).

DEPARTMENTS OF LABOR, HEALTH AND HUMAN SERVICES, EDUCATION, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2006

United States · United States Senate · 11 July 2005

Providing that the House of Representatives will focus on removing barriers to competitiveness of the United States economy.

United States · United States Congress · 11 July 2005

Recognizes that improving the competitiveness of the U.S. economy depends on congressional action to remove barriers to keeping and creating jobs in the United States, particularly barriers in the areas of: (1) trade restrictions and inequality; (2) bureaucratic red tape; (3) innovation and investment; (4) health care security; (5) lifelong learning; (6) tax burden and complexity; (7) lawsuit abuse and litigation management; and (8) energy self-sufficiency and security. Expresses the sense of the House of Representatives that every federal agency should review its rules and policies regarding the competitiveness of the U.S. economy.

Ongoing Oversight of Iraq Reconstruction Act of 2005

United States · United States Congress · 1 July 2005

Ongoing Oversight of Iraq Reconstruction Act of 2005 - Amends the Emergency Supplemental Appropriations Act for Defense and for the Reconstruction of Iraq and Afghanistan, 2004, as amended by the Ronald W. Reagan National Defense Authorization Act for Fiscal Year 2005, to: (1) change the termination date for the Office of the Inspector General of the Coalition Provisional Authority from ten months after certain Iraq relief funds have been obligated to ten months after such funds have been expended; and (2) authorize additional FY2006 appropriations for such Office. Rescinds specified Iraqi relief and reconstruction fund amounts under the Emergency Supplemental Appropriations Act for Defense and for the Reconstruction of Iraq and Afghanistan, 2004.

TAA Health Coverage Improvement Act of 2005

United States · United States Congress · 30 June 2005

TAA Health Coverage Improvement Act of 2005 - Amends the Internal Revenue Code to revise the tax credit for the health insurance costs of trade adjustment assistance (TAA) workers to, among other things: (1) increase the amount of such credit from 65 to 95 percent; (2) allow for the full amount of such credit and for full payment of TAA worker health insurance premiums for months prior to the issuance of a qualified health insurance costs credit eligibility certificate; and (3) set forth new tax credit eligibility rules for TAA workers and their family members. Requires the Director of the Office of Personnel Management to establish a program to offer TAA workers enrollment in the Federal Employees Health Benefit Program (FEHBP). Amends the Employee Retirement Income Security Act of 1974 (ERISA) to: (1) prevent a lapse of health care coverage for TAA workers; and (2) align coverage periods under such Act with eligibility periods for TAA workers. Amends the Workforce Investment Act of 1998 to require a state or entity to use national emergency grant funds to provide TAA workers and their family members with health insurance coverage for periods prior to their first eligibility month. Amends the Public Health Service Act to extend: (1) through FY2007 funding for the creation and initial operation of state high risk health insurance pools; and (2) through FY2010 funding for allotments for the operation of existing state pools.

Domestic Partner Health Benefits Equity Act

United States · United States Congress · 30 June 2005

Domestic Partner Health Benefits Equity Act - Amends the Internal Revenue Code, with respect to certain employer-provided health care benefits, to provide for the treatment of domestic partners on an equal basis with spouses and dependents by designating as a dependent any individual who is an eligible beneficiary under an employer's health care benefits plan.

A bill to amend the Internal Revenue Code of 1986 to prevent dividends received from corporations in tax havens from receiving a reduced tax rate.

United States · United States Congress · 30 June 2005

Amends the Internal Revenue Code to revise the definition of qualified foreign corporation for purposes of qualifying dividends paid by such corporations for preferential tax rates to require that such corporations be created or organized in a foreign country that has a comprehensive tax system.

Public Good IRA Rollover Act

United States · United States Congress · 30 June 2005

Public Good IRA Rollover Act - Amends the Internal Revenue Code to exclude from gross income distributions from individual retirement accounts for certain charitable purposes.

Low-Cost Alternatives to Payday Loans Act

United States · United States Congress · 30 June 2005

Low-Cost Alternatives to Payday Loans Act - Authorizes the Secretary of the Treasury to award demonstration project grants (including multi-year grants) to eligible entities to provide low-cost, small loans to consumers that will provide alternatives to more costly, predatory payday loans. Includes within eligible entities: (1) a tax exempt charitable (501(c)(3)) organization; (2) a federally insured depository institution; and (3) a community development financial institution.

Medicare Value Purchasing Act of 2005

United States · United States Congress · 30 June 2005

Medicare Value Purchasing (MVP) Act of 2005 - Amends title XVIII (Medicare) to add a new part E (Value-Based Purchasing) under which the Secretary of Health and Human Services shall develop measurement systems to provide value-based payments to: (1) hospitals; (2) physicians and practitioners; (3) health plans; (4) end stage renal disease (ESRD) providers and facilities; and (5) home health agencies. Directs the Medicare Payment Advisory Commission (MEDPAC) to study how the Medicare value-based purchasing programs will impact Medicare beneficiaries, Medicare providers, and the Federal Hospital Insurance Trust Fund and the Federal Supplementary Medical Insurance Trust Fund. Directs the Secretary to establish a program under which value-based payments are provided each fiscal year to hospitals that demonstrate a high quality health care for inpatients entitled to benefits under Medicare part A (Hospital Insurance). Directs the Secretary to make a value-based payment to a hospital with respect to a fiscal year if the Secretary determines that the quality of the care provided in that year to Medicare inpatients: (1) has substantially improved over the prior year; or (2) exceeds a threshold established by the Secretary. Prescribes a formula for the amount of such value-based payments, ranging from 1% of their Medicare payments for FY2007 by specified increments up to 2% for FY2011 and after. Directs the MEDPAC to study and report to Congress and the Secretary on the advisability and feasibility of establishing Medicare value-based purchasing programs, including ones for prescription drugs and renal dialysis facilities. Directs the Secretary to establish: (1) a Medicare value-based purchasing demonstration program for critical access hospitals; and (2) a demonstration project to determine the threshold amount of information technology connectivity necessary to improve the ability of rural and frontier physicians and practitioners to collect and use quality of care data. Outlines a Medicare Advantage Plans value-based purchasing program. Amends the Medicare Prescription Drug, Improvement, and Modernization Act of 2003 to direct the Secretary to implement a value-based purchasing program for providers and facilities participating in the demonstration of bundled case-mix adjusted payment system for ESRD services. Requires the Secretary to establish chronic kidney disease demonstration projects. Outlines a value-based purchasing program for home health agencies and for skilled nursing facilities. Directs the Secretary to study and report to Congress on appropriate measures to evaluate the quality of health care provided by skilled nursing facilities to Medicare patients. Provides for a national health information network pilot project. Requires the Secretary to study and report to Congress on telehealth and telemedicine.

Retirement Savings and Security Act of 2005

United States · United States Congress · 30 June 2005

Retirement Savings and Security Act of 2005 - Amends the Internal Revenue Code to: (1) permit tax-exempt retirement and employee benefit plans to include an automatic contribution arrangement; (2) revise the income limits for the tax credit for retirement savings contributions and extend such credit through 2010; (3) permit the contribution of up to $500 of unused health benefits under a health flexible spending arrangement to a qualified retirement plan or a deferred compensation plan; (4) permit direct payment of tax refunds to individual retirement accounts; and (5) exclude from gross income certain lifetime annuity payments; and (6) extend to six months the period for distributing excess contributions to qualified pension plans without penalty. Amends the Employee Retirement Income Security Act of 1974 (ERISA) to: (1) allow for certain retirement plan rollovers and annuity distributions; (2) treat Indian tribal pension plans as tax-qualified governmental plans; and (3) allow for changes in pension plan investment options.

To ensure that countries that have signed a Small Quantities Protocol also sign, ratify, and implement the Additional Protocol and provide access by IAEA inspectors to their nuclear-related facilities and to direct the United States Permanent Representative to the IAEA to make every effort to rescind and eliminate the Small Quantities Protocol and ensure compliance by all Member States of the IAEA with IAEA obligations and the purposes and principles of the Charter of the United Nations.

United States · United States Congress · 30 June 2005

Directs the President to use all available political, economic, and diplomatic tools to ensure that each U.S. ally or recipient of certain U.S. assistance that has signed a Small Quantities Protocol with the International Atomic Energy Agency (IAEA) also signs and implements the Additional Protocol and provides immediate access for IAEA inspectors to its nuclear-related facilities. Prohibits certain defense and dual use assistance to a country that has signed a Small Quantities Protocol but does not satisfy such implementation and inspection requirements. Authorizes the President to waive such prohibitions for up to one fiscal year for reasons of national security. Directs the President to require the U.S. Permanent Representative to the IAEA to use U.S. influence to change IAEA policy regarding the Small Quantities Protocol in order to: (1) eliminate the Small Quantities Protocol; (2) require that any IAEA member state that has signed a Small Quantities Protocol sign and implement the Additional Protocol, and provide IAEA inspectors with access to its nuclear-related facilities; and (3) require that any IAEA member state that does not comply with such implementation and inspection requirements be ineligible to receive nuclear material, technology, equipment, or assistance from any IAEA member state, and be subject to penalties as provided for by this Act.

Housing America's Workforce Act

United States · United States Congress · 30 June 2005

Housing America's Workforce Act - Amends the Internal Revenue Code to allow employers a business tax credit for up to 50 percent of the qualified housing expenses paid for the benefit of their employees. Defines "qualified housing expenses" to include homeownership assistance and rental assistance. Limits the amount of such credit to the lesser of $10,000 or six percent of an employee's home purchase price, or up to $2,000 for rental assistance. Excludes from employee gross income the value of employer-paid housing assistance. Authorizes the Secretary of Housing and Urban Development to award grants in FY2006-FY2008, on a competitive basis, to nonprofit housing organizations or local governments for certain costs, including operating costs and technical assistance costs, of employer-assisted housing programs. Requires the Secretary to establish a national clearinghouse, including a website, to provide information about employer-assisted housing programs to federal, state, and local governments and other interested entities. Directs the Comptroller General to conduct a national evaluation of employer-assisted housing programs and provide to the Secretary an interim report by January 1, 2008, and final report by December 31, 2009.

To amend the Internal Revenue Code of 1986 to make geothermal heat pump systems eligible for the energy credit.

United States · United States Congress · 30 June 2005

Amends the Internal Revenue Code to treat geothermal heating and cooling equipment as energy property for purposes of the energy tax credit.

To amend the Internal Revenue Code of 1986 to exclude from gross income qualified attorney fees.

United States · United States Congress · 30 June 2005

Amends the Internal Revenue Code to exclude from gross income attorney fees and court costs paid by an individual taxpayer in connection with a civil lawsuit.

Paid Family and Medical Leave Act of 2005

United States · United States Congress · 30 June 2005

Paid Family and Medical Leave Act of 2005 - Directs the Secretary of Labor to establish a Family and Medical Insurance Program, with benefits to be administered by each state (or by the Commissioner of the Social Security Administration in any state whose Governor requests this). Entitles eligible employees to Program benefits, including 55% of weekly basic earnings for 12 workweeks of leave during any 12-month period. Requires certification by health care providers of employees or of their eligible family or household members. Amends the Internal Revenue Code to establish a tax on employers to finance a Family and Medical Leave Trust Fund in the Treasury to for Program benefits. Exempts from such tax employers with voluntary plans approved by the Secretary as equivalent or better than the Program. Allows self-employers to elect to pay such tax to receive Program benefits.

Central Asia Democracy and Human Rights Act of 2005

United States · United States Congress · 30 June 2005

Central Asia Democracy and Human Rights Act of 2005 - Authorizes the President to provide assistance for the countries of Central Asia (Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan) to support democracy, human rights, and the rule of law. Authorizes additional appropriations beginning in FY2006 for Voice of America and RFE/RL, Incorporated to expand radio broadcasting in languages spoken in Central Asia. Conditions certain assistance, including military assistance (but excluding refugee, disaster relief, food and medicine, and HIV/AIDS assistance) to a Central Asian government upon presidential certification to the appropriate congressional committees that such government meets specified requirements respecting: (1) democratization; (2) freedom of expression and the media; (3) freedom of religion, association, and the right of peaceful assembly; (4) prevention of torture; and (5) rule of law and nondiscrimination. Withholds assistance for failure to meet such requirements at 33% for the first fiscal year, 66% for the second fiscal year, and 100% (with a national security waiver for less than 100% withholding) for the third and subsequent fiscal years. Authorizes withheld amounts to be used for democracy assistance under this Act.

Answer Africa's Call Act

United States · United States Congress · 30 June 2005

Answer Africa's Call Act - Amends the Internal Revenue Code to impose an additional income tax (surcharge) on adjusted gross incomes exceeding certain threshold levels (in order to fund the U.S. International Finance Facility). Establishes the United States International Finance Facility Trust Fund in the Treasury consisting of such amounts appropriated or credited to the Trust Fund, including amounts collected from the surcharge). Makes such Fund amounts available without further appropriation for expenditures in connection with U.S. commitments to the International Finance Facility. Amends the Trade Act of 1974 to modify the preferential trade treatment for agricultural products of beneficiary sub-Saharan African countries. Removes the limitation on eligibility for duty-free treatment of an agriculture product subject to a tariff-rate quota exceeding the in-quota amount, if the over-quota import is the growth, product, or manufacture of a beneficiary sub-Saharan African country. Requires the President to: (1) assess a duty on such an over-quota product if its unit import price is less than the annual trigger price; (2) establish an annual trigger price for each such product; and (3) notify the beneficiary sub-Saharan African country concerned of such additional duty. Amends the African Growth and Opportunity Act (AGOA) to revise criteria for preferential treatment of apparel articles wholly assembled from fabric or yarn not available in commercial quantities in the United States to make certain yarn or fabrics eligible for use in the production of specified cut or knit-to-shape apparel articles. Modifies AGOA special rules for lesser developed countries with respect to preferential treatment for apparel articles wholly assembled, or knit to shape and wholly assembled, or both, in one or more lesser developed beneficiary sub-Saharan African countries regardless of the country of origin of the fabric or yarn used. Extends through FY 2015 the applicable percentage component of the preferential treatment formula established for FY 2005. Includes Mauritius in such extension, with no change in its current limitation of 5% of such applicable percentage.

Making supplemental appropriations for fiscal year 2005 for veterans medical services.

United States · United States Congress · 30 June 2005

Makes supplemental appropriations to the Department of Veterans Affairs for FY2005 for veterans' medical services.

To amend the Internal Revenue Code of 1986 to allow a deduction for qualified attorney fees in computing minimum tax.

United States · United States Congress · 30 June 2005

Amends the Internal Revenue Code to treat attorney fees and court costs incurred in connection with a civil lawsuit as deductible expenses for purposes of computing regular and alternative minium tax liability.

To amend the Internal Revenue Code of 1986 to restore the 80-percent deduction for meal and entertainment expenses.

United States · United States Congress · 30 June 2005

Amends the Internal Revenue Code to increase the tax deduction for meal and entertainment expenses to 80 percent (currently 50 percent) of such expenses.

To amend the Internal Revenue Code of 1986 to provide tax incentives for the production of qualified hybrid motor vehicles.

United States · United States Congress · 30 June 2005

Amends the Internal Revenue Code to allow tax credits for purchasers and manufacturers of qualified hybrid motor vehicles. Defines "qualified hybrid motor vehicle" as a motor vehicle which: (1) operates on an internal combustion or heat engine using consumable fuel and a rechargeable energy storage system; (2) meets specified emission standards under the Clean Air Act; (3) is a passenger vehicle or light truck with a gross weight rating of not more than 8,500 pounds; (4) has a maximum available power (defined as the maximum power available from the rechargeable energy storage system during a standard 10-second pulse power or equivalent test, divided by such maximum power and the SAE net power of the heat engine) of at least four percent; and (5) is acquired for use or lease by a taxpayer and not for resale.

Right-to-Know National Payroll Act

United States · United States Congress · 30 June 2005

Right-To-Know National Payroll Act - Amends the Internal Revenue Code to require that each employer of more than 100 employees show on the W-2 form of each employee the employer's share of taxes for old-age, survivors, and disability insurance (OASDI) and for hospital insurance (Medicare) for the employee, as well as the total amount of such taxes for such employee. Requires a W-2 also to show any tier 1 railroad retirement tax with respect to OASDI and Medicare the employer has paid.

Making emergency supplemental appropriations for the Department of Veterans Affairs for fiscal year 2005 for veterans medical services.

United States · United States Congress · 30 June 2005

Makes emergency supplemental appropriations to the Department of Veterans Affairs for FY2005 for veterans' medical services.

Community Restoration and Revitalization Act of 2005

United States · United States Congress · 30 June 2005

Community Restoration and Revitalization Act of 2005 - Amends the Internal Revenue Code to: (1) allow an increased rehabilitation tax credit for certain low-income buildings; (2) allow a basis reduction adjustment for property eligible for the credit; (3) increase the credit for certain smaller buildings; (4) allow property eligible for the credit to be used for lodging purposes; (5) modify placed-in-service rules for credit property; (6) modify qualification rules for credit property that is tax-exempt use property; (7) increase the credit for buildings in high cost areas; and (8) exempt certain condominium transactions from rehabilitation tax credit recapture requirements.

Housing America's Workforce Act

United States · United States Congress · 29 June 2005

Housing America's Workforce Act - Amends the Internal Revenue Code to allow employers a business tax credit for up to 50 percent of the qualified housing expenses paid for the benefit of their employees. Defines "qualified housing expenses" to include homeownership assistance and rental assistance. Limits the amount of such credit to the lesser of $10,000 or six percent of an employee's home purchase price, or up to $2,000 for rental assistance. Excludes from employee gross income the value of employer-paid housing assistance. Authorizes the Secretary of Housing and Urban Development to award grants in FY2006-FY2008, on a competitive basis, to nonprofit housing organizations or local governments for certain costs, including operating costs and technical assistance costs, of employer-assisted housing programs. Requires the Secretary to establish a national clearinghouse, including a website, to provide information about employer-assisted housing programs to federal, state, and local governments and other interested entities. Directs the Comptroller General to conduct a national evaluation of employer-assisted housing programs and provide to the Secretary an interim report by January 1, 2008, and final report by December 31, 2009.

A bill to amend the Internal Revenue Code of 1986 to modify the active business definition under section 355.

United States · United States Congress · 29 June 2005

Amends the Internal Revenue Code to treat all members of a corporation's separate affiliated group as one corporation for purposes of determining whether such corporation and its subsidiaries meet the active business test required for corporations seeking nonrecognition of gain from the distribution of property in a reorganization.

Small Business Health Care Act of 2005

United States · United States Congress · 29 June 2005

Small Business Health Care Act of 2005 - Amends the Internal Revenue Code to allow certain small employers (with between two and 100 employees) a business tax credit for a specified percentage of the health insurance costs of their employees. Directs the Internal Revenue Service, in conjunction with the Small Business Administration, to develop and implement an educational program to inform businesses of the health insurance tax credit provided by this Act. Directs the Secretary of Health and Human Services to make matching grants to state and local governments for the operation of health insurance purchasing pools.

Employee Stock Ownership Plan Promotion and Improvement Act of 2005

United States · United States Congress · 29 June 2005

Employee Stock Ownership Plan Promotion and Improvement Act of 2005 - Amends the Internal Revenue Code to: (1) exempt certain distributions, including dividends, by S corporations to an employee stock ownership plan (ESOP) from the penalty tax for premature employee benefit plan withdrawals; (2) exempt deductions for ESOP dividends from corporate alternative minimum tax adjustments based on adjusted earnings and profits; (3) allow deferral of the recognition of gain for certain sales to ESOPs sponsored by any domestic corporation, including S corporations; (4) allow reinvestment of ESOP stock proceeds eligible for nonrecognition of gain in certain mutual funds; (5) modify certain ESOP stock ownership rules; (6) allow early distributions from an ESOP for higher education expenses and first-time homebuyer purchases without penalty; and (7) allow a de minimis exception from pension plan diversification requirements for ESOP accounts with balances of $2,500 or less.

To exempt the natural aging process in the determination of the production period for distilled spirits under section 263A of the Internal Revenue Code of 1986.

United States · United States Congress · 29 June 2005

Amends the Internal Revenue Code to exclude from determination of the production period for distilled spirits any period allocated to the natural aging process for purposes of determining whether a taxpayer can expense, rather than capitalize, interest costs paid or incurred during the production period.

Making emergency supplemental appropriations for the Department of Veterans Affairs for fiscal year 2005 for veterans medical services.

United States · United States Congress · 29 June 2005

Makes emergency supplemental appropriations to the Department of Veterans Affairs for FY2005 for veterans' medical services.

Independent Restaurant Appreciation Act

United States · United States Congress · 29 June 2005

Independent Restaurant Appreciation Act - Amends the Internal Revenue Code to assign a 10-year recovery period, for depreciation purposes, for buildings placed in service by certain independent (i.e., non-franchise) restaurant businesses.

MILITARY CONSTRUCTION AND VETERANS AFFAIRS, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2006

United States · United States Senate · 28 June 2005

Telephone Excise Tax Repeal and Taxpayer Protection and Assistance Act of 2006

United States · United States Congress · 28 June 2005

Telephone Excise Tax Repeal Act of 2005 - Amends the Internal Revenue Code to repeal the excise tax on communication services (i.e., local telephone service, toll telephone service, and teletypewriter exchange service).

Employee Stock Ownership Plan Promotion and Improvement Act of 2005

United States · United States Congress · 28 June 2005

Employee Stock Ownership Plan Promotion and Improvement Act of 2005 - Amends the Internal Revenue Code to: (1) exempt certain distributions, including dividends, by S corporations to an employee stock ownership plan (ESOP) from the penalty tax for premature employee benefit plan withdrawals; (2) exempt deductions for ESOP dividends from corporate alternative minimum tax adjustments based on adjusted earnings and profits; (3) allow deferral of the recognition of gain for certain sales to ESOPs sponsored by any domestic corporation, including S corporations; (4) allow reinvestment of ESOP stock proceeds eligible for nonrecognition of gain in certain mutual funds; (5) modify certain ESOP stock ownership rules; (6) allow early distributions from an ESOP for higher education expenses and first-time homebuyer purchases without penalty; and (7) allow a de minimis exception from pension plan diversification requirements for ESOP accounts with balances of $2,500 or less.

Veterans Small Business and Memorial Affairs Act of 2006

United States · United States Congress · 28 June 2005

Veteran-Owned Small Business Promotion Act of 2005 - Requires the Department of Veterans Affairs to award not less than nine percent of the total value of all prime contract and subcontract awards for each fiscal year to small businesses owned and controlled by veterans. Requires at least one-third of those awards to go to small businesses owned and controlled by veterans with service-connected disabilities. Requires a business, in order to be so eligible, to be listed in a database of veteran-owned small businesses maintained by the Secretary of Veterans Affairs. Provides enforcement penalties for misrepresentation as a veteran-owned small business. Treats a veteran's surviving spouse as a veteran for purposes of eligibility of a business after the death of the veteran-owner. Provides the highest priority in the award of such contracts and subcontracts to small businesses owned and controlled by veterans with service-connected disabilities. Directs the Secretary, in procuring goods and services pursuant to a contracting preference, to give priority to a small business owned and controlled by a veteran if such small business also meets the requirements of the contracting preference.

New IDEA (Illegal Deduction Elimination Act)

United States · United States Congress · 28 June 2005

New IDEA (Illegal Deduction Elimination Act) - Amends the Internal Revenue Code to disallow a tax deduction for wages paid to or on behalf of an unauthorized alien.

Mortgage Insurance Fairness Act of 2005

United States · United States Congress · 28 June 2005

Mortgage Insurance Fairness Act of 2005 - Amends the Internal Revenue Code to allow a tax deduction for mortgage insurance premiums. Reduces the amount of such deduction for taxpayers with adjusted gross incomes exeeding $100,000. Authorizes the Secretary of the Treasury to require informational returns from any individual who receives payment of more than $600 in mortgage insurance premiums.

Cancer and Terminal Illness Patient Health Care Act of 2005

United States · United States Congress · 27 June 2005

Cancer and Terminal Illness Patient Health Care Act of 2005 - Amends the Internal Revenue Code to waive the employee portion of the Social Security tax for any period in which a taxpayer has been certified by a physician as having cancer or a terminal illness or is the primary caregiver for a spouse, parent, or child with cancer or a terminal disease. Reduces by 50 percent the rates of tax levied on a self-employed individual for old age, survivors and disability insurance and hospital insurance if a physician has certified that such individual has a terminal disease or cancer throughout the taxable year or is the primary caregiver for a spouse, parent, or child with a terminal disease or cancer.