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51 records in US in 1977
United States · United States Congress · 15 December 1977
Amends the Tax Reform Act of 1976 to provide that the changes in the sick pay exclusion made by that Act shall only apply to taxable years beginning after December 31, 1977.
United States · United States Congress · 15 December 1977
Small Business Investment Incentive Act - Title I: Investment Incentives - Amends the Internal Revenue Code to provide special tax benefits with respect to gains and losses on the sale of interests in small businesses, bad debt deductions for guarantors of obligations of small business corporations, reserves for losses on equity investments of small business investment companies, and qualified stock options for small businesses. Title II: Tax Reduction - Increases the corporate surtax exemption, and the amount of the additional first year depreciation allowance for small businesses. Allows a ten-year carryover of small business net operating losses. Increases the minimum accumulated earnings credit.
United States · United States Congress · 15 December 1977
Venture Capital Tax Reform Act - Amends the Internal Revenue Code to provide special tax benefits relating to the treatment of gains and losses from the sale of venture capital stock which is defined as the first $5,000,000 of stock issued by a newly formed corporation engaged in manufacturing, research or extraction. Makes the current reduced corporate income tax rate permanent and increases the corporate surtax exemption. Imposes an excise tax on pension managers of pension funds with assets above a certain size for investing in certain large corporations if the result of the investment is to increase the holdings of the fund to more than five percent of any class of security of the corporation.
United States · United States Congress · 15 December 1977
Amends the Internal Revenue Code to allow annuitants to specify the amount they elect to have withheld from their annuity payments.
United States · United States Congress · 15 December 1977
Corporate Tax Reduction Act - Amends the Internal Revenue Code to lower the corporate normal taxes and increase the surtax exemption.
United States · United States Congress · 15 December 1977
Amends the Internal Revenue Code to allow a credit against income tax for specified percentages of social security taxes paid by an employee. Makes the earned income credit permanent.
United States · United States Congress · 15 December 1977
Corporate Tax Reduction Act - Amends the Internal Revenue Code to lower the corporate normal taxes and increase the surtax exemption.
United States · United States Congress · 15 December 1977
Amends the Internal Revenue Code to allow certain individuals to compute the amount of the deduction for retirement savings on the basis of the earned income of their spouses.
United States · United States Congress · 15 December 1977
Tuition Tax Credit Act - Amends the Internal Revenue Code to allow a credit against an individual's income tax in an amount equal to 50 percent of the sum of the amounts paid by him to educational institutions as tuition (though no more than $500 for any single individual) for the attendance of the taxpayer, the taxpayer's spouse, or any of his dependents with respect to whom he is entitled to a personal exemption.
United States · United States Congress · 15 December 1977
Excludes certain military retirement pay from gross income when such pay is essentially equivalent to a veterans' pension or compensation which is excludable.
United States · United States Congress · 15 December 1977
Amends the Internal Revenue Code to provide that the adjusted income limitation shall apply to all taxpayers eligible for the credit for the elderly rather than just those under age 72 and to increase the amount of such limitation.
United States · United States Congress · 15 December 1977
Estate and Gift Tax Amendments Act - Increases the minimum value for carryover basis property, over a five-year period, to $175,000 (i.e. the same amount or the estate tax exemption equivilant). Integrates the basis adjustment for State death taxes attributable to appreciation with the adjustment for Federal taxes by providing a single computation. Applies the "fresh start" carryover basis adjustment for determining losses as well as gains on pre-1777 property. Allows the taxpayer to make this adjustment with the property's actual December 31, 1976 value instead of applying the formula previously applicable to non-securities. Provides that adjustments to carryover basis for gift taxes shall be at marginal rates. Allows a basis adjustment for State gift taxes.
United States · United States Congress · 15 December 1977
Amends the Internal Revenue Code to provide that State and local government retirement systems shall be tax exempt organizations. Exempts these systems from the reporting requirements pertaining to deferred compensation. Treats all such systems as qualified pension plans under the code.
United States · United States Congress · 15 December 1977
Amends the Internal Revenue Code to reduce the excise tax on private foundations' investment income.
United States · United States Congress · 15 December 1977
Amends the Internal Revenue Code to repeal the carryover basis provisions enacted by the Tax Reform Act which provide that beneficiaries receiving property from a decedent's estate will retain the decedent's basis in the property. Restores prior law which "stepped up" or "stepped down" the property's basis to its market value at the time of death without imposing tax consequences on the appreciation or depreciation the property underwent while held by the decedent.
United States · United States Congress · 15 December 1977
Tuition Tax Credit Act - Amends the Internal Revenue Code to allow a credit against an individual's income tax in an amount equal to 50 percent of the sum of the amounts paid by him to educational institutions as tuition (though no more than $500 for any single individual) for the attendance of the taxpayer, the taxpayer's spouse, or any of his dependents with respect to whom he is entitled to a personal exemption.
United States · United States Congress · 15 December 1977
Amends the Internal Revenue Code to treat as a scholarship and to exclude from gross income any amounts received by an individual under the Armed Forces health professions scholarship program or the National Health Service Corps scholarship program, without regard to whether such individual is receiving training while on active duty or in an off-duty or inactive status, and without regard to whether a period of active duty or other service is required of such individual as a condition of receiving such payments.
United States · United States Congress · 15 December 1977
Amends the Internal Revenue Code to remove the requirement that household and dependent care services rendered by relatives qualify as employment for purposes of the Federal Insurance Contributions Act in order for their wages to be considered expenses for purposes of the income tax credit for expenses paid for such services.
United States · United States Congress · 8 December 1977
Amends the Internal Revenue Code to prohibit the taking of a business deduction for expenses paid or incurred to advertise alcoholic beverages.
United States · United States Congress · 7 December 1977
Amends the Internal Revenue Code to increase from $1,000,000 to $20,000,000 the maximum size of small issues of industrial development bonds on which the interest qualifies for a tax exclusion.
United States · United States Congress · 7 December 1977
Tax Reduction Act - Amends the Internal Revenue Code to lower individual and corporate income tax rates.
United States · United States Congress · 7 December 1977
Medical Expense Tax Credit Act - Amends the Internal Revenue Code to allow individuals a refundable tax credit for medical expenses. Provides for advance payment of the refund in cases where qualified expenses exceed adjusted gross income. Directs the President to report to Congress on the utility of this tax credit in meeting the Nation's health care needs and its adequacy as a replacement for other programs.
United States · United States Congress · 7 December 1977
Directs the consideration by the House of the Senate amendments to House Joint Resolution 662 (Appropriations for 1978).
United States · United States Congress · 7 December 1977
Directs the consideration by the House of a motion to consider Senate amendments to House Joint Resolution 662 (Appropriations for 1978).
United States · United States Congress · 6 December 1977
Amends the Internal Revenue Code to allow an income tax exclusion for the interest on governmental bonds the proceeds of which are used for facilities to furnish hydroelectric energy.
United States · United States Congress · 6 December 1977
Amends the Internal Revenue Code to allow a deduction for the current fair market value of charitable contributions of literary, musical or artistic compositions created by the taxpayer, without any reduction for appreciation.
United States · United States Congress · 6 December 1977
Amends the Internal Revenue Code to establish special procedures for the treatment of dividends paid by small business investment companies which elect to be taxed as regulated investment companies.
United States · United States Congress · 6 December 1977
Amends the Internal Revenue Code to allow individuals an income tax credit for expenses incurred for government-required tree removal designed to prevent the spread of pest disease.
United States · United States Congress · 5 December 1977
Amends the Tax Reform Act of 1976 to change from December 31, 1980, to December 31, 1975, the effective date of provisions allowing certain insurance companies (other than life or mutual) to adopt, for purposes of filing a consolidated return, the taxable year of the common parent corporation.
United States · United States Congress · 5 December 1977
Amends the Tax Reform Act of 1976 to change from December 31, 1980, to December 31, 1975, the effective date of provisions allowing certain insurance companies (other than life or mutual) to adopt, for purposes of filing a consolidated return, the taxable year of the common parent corporation.
United States · United States Congress · 5 December 1977
Tuition Tax Credit Act - Amends the Internal Revenue Code to allow a credit against an individual's income tax in an amount equal to 50 percent of the sum of the amounts paid by him to educational institutions as tuition (though no more than $500 for any single individual) for the attendance of the taxpayer, the taxpayer's spouse, or any of his dependents with respect to whom he is entitled to a personal exemption.
United States · United States Congress · 1 December 1977
Authorizes appropriations to carry out wildlife conservation programs on military reservations and public lands through fiscal year 1981.
United States · United States Congress · 1 December 1977
Amends the Internal Revenue Code to allow a deduction to any taxpayer engaged in the manufacture, importation, distribution, lease, or sale of any product for contributions to his product liability loss reserve account.
United States · United States Congress · 30 November 1977
Amends the Internal Revenue Code to allow individuals age 65 and over an income tax credit for the fuel surcharges imposed by public utilities.
United States · United States Congress · 30 November 1977
Retirement Savings Equal Treatment Act - Amends the Internal Revenue Code to allow certain individuals whose employers make contributions to pension plans a deduction for their contributions to employer pension funds, and to allow a deduction to certain individuals who establish modified individual retirement plans when the employer-employee pension contributions are small.
United States · United States Congress · 30 November 1977
Amends the Internal Revenue Code to: (1) remove the adjusted gross income limitation on the credit for the elderly; (2) increase the amount of the credit; and (3) provide an annual cost-of-living adjustment for the credit.
United States · United States Congress · 30 November 1977
Amends the Internal Revenue Code to exclude from the determination of the unrelated business income of certain tax-exempt organizations gains and losses from the sale of real property to long term lessees if such sale is treated under local law as an involuntary conversion.
United States · United States Congress · 30 November 1977
Amends the Internal Revenue Code to allow as a credit against income tax a limited amount of specified higher education expenses, including tuition, fees, books, supplies and room and board, incurred by a taxpayer for himself or for his spouse or dependents.
United States · United States Congress · 29 November 1977
Tax Reduction Act - Amends the Internal Revenue Code to lower individual and corporate income tax rates.
United States · United States Congress · 29 November 1977
Amends the Internal Revenue Code to: (1) remove the adjusted gross income limitation on the credit for the elderly; (2) increase the amount of the credit; and (3) provide an annual cost-of-living adjustment for the credit.
United States · United States Congress · 29 November 1977
Appropriates such amounts as may be necessary for continuing projects or activities, not otherwise provided for, which were conducted in fiscal year 1977 and for which appropriations, funds, or other authority would be available in the District of Columbia Appropriation Act for fiscal year 1978, but at a rate for operations not in excess of the current rate. Stipulates that appropriations and funds made available and authority granted pursuant to this joint resolution shall be available from December 1, 1977, and shall remain available until (1) enactment into law of an appropriation for any project or activity provided for in this joint resolution, or (2) September 30, 1978, whichever first occurs. Stipulates that no appropriation or fund made available or authority granted pursuant to this joint resolution shall be used to initiate or resume any project or activity for which appropriations, funds, or other authority were not available during fiscal year 1977.
United States · United States Congress · 29 November 1977
Sets forth the rule for the consideration of H.J.Res. 662 (Appropriations for 1978).
United States · United States Congress · 22 November 1977
Allows certain cash payments received by farmers pursuant to the Food and Agriculture Act of 1977 to be included in gross income in the year the income from the crops would have been reported rather than the year the payments are received.
United States · United States Congress · 22 November 1977
Amends the District of Columbia Income and Franchise Tax Act of 1947 to: (1) repeal the unincorporated business tax; (2) impose a nonresident income tax at a rate of one-third of the rate applicable to D.C. residents; (3) exempt members of Congress and certain Federal officers from such tax; (4) require D. C. employers to withhold from nonresident employee wages for such tax; and (5) provide a tax credit for D. C. residents whose income is subject to D. C. taxation and taxation of another State.
United States · United States Congress · 18 November 1977
Tuition Tax Credit Act - Amends the Internal Revenue Code to allow a credit against an individual's income tax in an amount equal to 50 percent of the sum of the amounts paid by him to educational institutions as tuition (though no more than $500 for any single individual) for the attendance of the taxpayer, the taxpayer's spouse, or any of his dependents with respect to whom he is entitled to a personal exemption.
United States · United States Congress · 18 November 1977
Amends the Revenue Code to allow a refund of so much of a taxpayer's investment credit as exceeds his liability for income tax.
United States · United States Congress · 15 November 1977
Amends the Internal Revenue Code to define air and water pollution control facilities for purposes of tax exclusion of interest on industrial development bonds used to finance such facilities.
United States · United States Congress · 15 November 1977
Amends the Internal Revenue Code to allow certain individuals whose employers make contributions to pension plans a deduction for their contributions to employer pension funds.
United States · United States Congress · 15 November 1977
Tax Reduction Act - Amends the Internal Revenue Code to lower individual and corporate income tax rates.
United States · United States Congress · 11 November 1977
Amends the Internal Revenue Code to allow taxpayers a credit against the income tax for specified higher education expenses, including tuition, fees, books and supplies, incurred by the taxpayer for himself or any dependent.