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51 records in US in 1981
United States · United States Congress · 16 December 1981
Amends the Internal Revenue Code to set forth transitional rules for estate and gift tax treatment of qualified disclaimers of property interests transferred before November 15, 1958.
United States · United States Congress · 16 December 1981
Small Business Capital Formation and Inventory Simplification Tax Act of 1982 - Amends the Internal Revenue Code to allow certain small business corporations an income tax deduction for dividends paid during the taxable year. Limits such deduction to $150,000. Requires that such dividends be paid in cash, be pro rata, and not be in redemption or liquidation. Disallows such deductions for: (1) certain insurance companies; (2) regulated investment companies and real estate trusts; (3) certain domestic corporations with operations in Puerto Rico; (4) domestic international sales corporations; (5) cooperatives; and (6) certain service corporations. Disallows such deductions for corporations which pay 20 percent or more of their dividends to tax-exempt organizations or certain trusts. Eliminates the qualification requirement for the last-in, first-out (LIFO) method of accounting that a taxpayer use no inventory method for financial reporting or credit purposes other than the LIFO method. Allows a taxpayer who adopts the LIFO method to spread increases in taxable income attributable to such change over a ten-year period. Allows an election by small businesses which use the dollar method of pricing inventories under the LIFO method and which have average annual receipts of $4,000,000 or less for the three taxable years ending with the year of election to use one inventory pool for any trade or business. Permits a wholesaler or retailer who uses such method to elect the use of inventory pools based on the applicable Government price index categories for all items of inventory. Allows the use of such index categories in the pricing of inventories under such dollar-value methods. Allows an election to use a link chain or index method to compute the LIFO value of dollar-value pool without regard to suitability or practicality of any other method. Repeals the requirement, with respect to liquidation plans adopted after December 31, 1981, that a corporation inventorying goods under the LIFO method treat the LIFO recapture amount with respect to distributed inventory assets as ordinary income. Allows an election by small businesses which are at least half-owned by active participants in the trade or business and which have average annual gross receipts of $1,500,000 or less for the three taxable years ending with the year of election to use the cash receipts and disbursements method of accounting without regard to any inventory requirements.
United States · United States Congress · 16 December 1981
Amends the Internal Revenue Code to provide that the standard mileage rate used in computing the charitable deduction for expenses incurred in the operation of a motor vehicle shall be the same as the standard mileage rate established by the Secretary of the Treasury for the business related deduction.
United States · United States Congress · 16 December 1981
Amends the Internal Revenue Code to repeal the special rules for the leasing of depreciable business property between corporations. Allows the election of a 20-percent refundable investment tax credit in lieu of depreciation for certain companies that have a net operating loss for the taxable year.
United States · United States Congress · 16 December 1981
Amends the Internal Revenue Code to allow individuals a refundable income tax credit equal to one-third of the total cost during the taxable year of heating oil purchased by such individuals for use in a residence. Limits the dollar amount of such credit to $400 for the taxable year. Reduces the amount of such credit by one percent of the amount by which the taxpayer's adjusted gross income exceeds $20,000. Provides for the termination of the credit for taxable years ending after December 31, 1983.
United States · United States Congress · 16 December 1981
Requires that the taxable year of inclusion in gross income of any amount covered by a nonqualified deferred compensation plan maintained by a tax-exempt organization be determined in accordance with principles applicable to deferred compensation plans maintained by other private organizations.
United States · United States Congress · 16 December 1981
Amends the Internal Revenue Code to classify outdoor advertising displays for purposes of the accelerated cost recovery system depreciation rules.
United States · United States Congress · 16 December 1981
Prohibits expenditures by the United States for each major functional category for the fiscal year ending September 30, 1982, from exceeding an amount which is five percent less than the total of expenditures for such category for the fiscal year ending September 30, 1981.
United States · United States Congress · 16 December 1981
Amends the Economic Recovery Tax Act of 1981 to repeal the reduction in the windfall profit tax imposed on newly discovered oil and the tax exemption of independent producer stripper well oil. Repeals the classification of race horses as three-year property, for purposes of the accelerated cost recovery system. Repeals provisions of such Act which set forth rules for the leasing of depreciable business property between corporations.
United States · United States Congress · 16 December 1981
Amends the Internal Revenue Code to eliminate the one year holding period requirement for capital gains tax treatment.
United States · United States Congress · 16 December 1981
Amends the Internal Revenue Code to exempt from the at risk limitations of the investment tax credit any qualified leased property with respect to which a closely held corporation is the lessor.
United States · United States Congress · 15 December 1981
Amends the Internal Revenue Code to allow the energy investment tax credit for equipment used aboard or installed on fishing vessels which reduces fuel consumption.
United States · United States Congress · 15 December 1981
Amends the Internal Revenue Code to: (1) exempt parts and accessories used in connection with light-duty trucks from the manufacturers excise tax; and (2) allow manufacturers to combine trucks with certain taxable parts or accessories without additional tax.
United States · United States Congress · 15 December 1981
Black Lung Benefits Revenue Act of 1981 - Amends the Internal Revenue Code to increase the excise tax on coal sold by a producer from: (1) 50 cents per ton to $1 per ton for coal from underground mines; and (2) 25 cents per ton to 50 cents per ton from surface mines. Increases the maximum amount of such tax from 2 percent to 4 percent of the price at which a ton of coal is sold by the producer. Terminates such increase on the earlier of January 1, 1996, or the first January 1 after 1981 when there is: (i) no balance of repayable advances made to the Black Lung Disability Trust Fund; and (ii) no unpaid interest on such advances. Creates a new subtitle I, "Trust Fund Code" as part of the Internal Revenue Code. Re- establishes in the Treasury, effective January 1, 1982, the Black Lung Disability Trust Fund. Provides that such trust fund shall be treated for all purposes of law as the continuation of the Black Lung Disability Trust Fund established by the Black Lung Benefits Revenue Act of 1977. Appropriates to the Trust Fund amounts equivalent to the revenues received from the excise tax on coal producers and the taxes on black lung benefit trusts relating to self-dealing, taxable expenditures and excess contributions. Authorizes to be appropriated, as repayable advances, such sums as may be necessary to make the required expenditures from the Trust Fund. Ends such authorization after fiscal year 1985. Requires such advances to be repaid with interest. Makes amounts in the Trust Fund available, as provided by appropriation Acts, for: (1) the payment of benefits where the Secretary of Labor determines that: (A) the operator liable for such payments has not made payments within a specified time, or (B) there is no operator who is liable for such payments; (2) the payment of obligations with respect to miners whose last employment was before January 1, 1970; (3) the repayment into the Treasury of an amount equal to the sum of certain claims paid before April 1, 1978; (4) the repayment of repayable advances; (5) the payment of certain administrative expenses incurred on or after March 1, 1978; (6) the reimbursement of operators for claims paid before April 1, 1978, to miners whose employment terminated before January 1, 1970; and (7) the reimbursement of operators and insurers for claims denied before March 1, 1978, but subsequently approved in accordance with the provisions of the Black Lung Benefits Act. Requires the transfer of amounts appropriated to the Trust Fund at least monthly. Requires the Secretary of the Treasury to hold the Trust Fund and report to the Congress annually on its financial condition and operation and its expected status during the next five fiscal years. Sets forth requirements for investment by the Trust Fund in interest-bearing obligations of the United States. Amends the Black Lung Benefits Act to set the rate of interest on operator liabilities. Repeals the provision which established the Black Lung Disability Trust Fund under the Black Lung Benefits Revenue Act of 1977.
United States · United States Congress · 15 December 1981
Amends the Internal Revenue Code to allow individual taxpayers an income tax credit for 40 percent of their expenditures for qualified aircraft noise insulation. Limits the credit to $4,000 in a taxable year. Defines "qualified aircraft noise insulation expenditures" as any expenditure made after December 31, 1981, for aircraft noise insulation installed in the taxpayer's principal residence, provided its installation was substantially completed before the date of the enactment of this Act. Requires that the residence be located in an area designated by the Secretary of the Treasury to be an area where aircraft noise is a significant annoyance.
United States · United States Congress · 15 December 1981
Tuition Tax Relief Act of 1981 - Amends the Internal Revenue Code to allow certain taxpayers a refundable income tax credit for 50 percent of the expenses paid for the elementary or secondary education of the taxpayer's child. Allows such credit only in the case of a taxpayer who is: (1) an unmarried individual with a taxable income of $40,000 or less; (2) a married couple filing jointly with a taxable income of $40,000 or less; or (3) a married individual with a taxable income of $20,000 or less. Limits the amount of such credit to $500 in the case of expenses incurred after July 31, 1982, and before August 1, 1983, and $1,000 in the case of expenses incurred after July 31, 1983. Excludes from the definition of "expenses of elementary and secondary education" any amounts paid for books, supplies, meals, lodging, transportation, similar personal expenses, and for education below the first-grade level or attendance at a kindergarten or nursery. Forbids any construction of this Act as granting the Government additional authority to examine the books or activities of any church school except to the extent necessary to determine whether such school is an eligible educational institution for purposes of the tax credit. Requires that any amount received by the taxpayer as a tuition tax credit be disregarded for purposes of determining the eligibility of the taxpayer for Federal, State, or local educational assistance. Specifies that the granting of a tax credit to a student due to his enrollment in any educational institution shall not be considered as Federal assistance to such institution.
United States · United States Congress · 15 December 1981
Amends the Internal Revenue Code to limit to 12 percent the rate of interest on amounts of unpaid estate tax: (1) extended because the estate consists largely of an interest in a closely held business; (2) imposed as a recapture tax under the special use valuation provisions; and (3) extended because the estate consists of a reversionary or remainder interest in property.
United States · United States Congress · 15 December 1981
Tax Averaging Equity Act - Amends the Internal Revenue Code to exempt certain individuals utilizing income averaging from the minimum income attribution rules for former spouses.
United States · United States Congress · 15 December 1981
Amends the Internal Revenue Code to provide that fungible products which are marketed through pooling arrangements of a cooperative association shall be deemed export property of a Domestic International Sales Corporation. Specifies that where a borrower of a producer's loan markets fungible products through pooling arrangements of a cooperative association, his receipts of sale proceeds from the pool shall be deemed to be derived from the sale of products outside the United States in the same proportion that sales of the pool outside the United States bear to total sales of the pool.
United States · United States Congress · 14 December 1981
Amends the Internal Revenue Code to exclude any mortgage interest reduction payment by the Government to a corporation which owns a lower income rental housing project from such corporation's income for purposes of determining whether such corporation qualifies for tax deductions provided for a cooperative housing corporation.
United States · United States Congress · 14 December 1981
Amends the Internal Revenue Code to prohibit a business expense deduction for advertisements placed with a foreign broadcast station and directed to a market in the United States if a similar deduction is denied in the country in which such station is located for an advertisement placed with a U.S. broadcast station and directed to a market in that country.
United States · United States Congress · 14 December 1981
Minimum Tax Amendment Act of 1981 - Amends the Internal Revenue Code to repeal the minimum tax on corporations.
United States · United States Congress · 11 December 1981
Amends the Internal Revenue Code to provide that any adjustment in interest rates on underpayments and overpayments of tax be made on an average annual basis rather than on an average monthly basis.
United States · United States Congress · 11 December 1981
Provides that, for income tax purposes, any conveyance of privately owned lands located in Purgatory River Canyon and Pinon Canyon, Colorado, to the United States for expansion of the Fort Carson military installation shall be treated as an involuntary conversion.
United States · United States Congress · 11 December 1981
Drought Income Deferral Act of 1981 - Amends the Internal Revenue Code to allow the Secretary of Agriculture, after consultation with the Secretary of the Treasury, to designate drought areas for purposes of allowing the special tax treatment for the proceeds from livestock sold on account of drought.
United States · United States Congress · 11 December 1981
Truth in Taxation Act - Requires the Secretary of the Treasury to include the following information on individual income tax returns: (1) the total U.S. tax revenues received for the two most recent fiscal years; (2) the total revenues received for each such year; (3) the total outlays of agencies of the Federal Government; (4) the public debt at the close of each such fiscal year; and (5) the interest paid during each such fiscal year on outstanding obligations of the public debt.
United States · United States Congress · 11 December 1981
International Sales Corporation Tax Act of 1981 - Amends the Internal Revenue Code to permit U.S. corporations or citizens to establish an International Sales Corporation (ISC). Exempts an ISC from taxation as a foreign corporation as long as it continues to qualify as an ISC. Provides that, for qualification as an ISC, a corporation must: (1) be incorporated under the laws of a foreign nation; (2) be incorporated in a nation where its income is subject to taxation; (3) not have more than one class of stock and the par or stated value of such stock is at least $2,500; (4) have four or fewer shareholders each of which owns at least 25 percent of its stock and is either a U.S. citizen or a domestic corporation (other than a personal holding company); (5) have a taxable year the same as any of its shareholders; (6) have 95 percent or more of its gross receipts in "qualified export receipts"; (7) have 95 percent or more of its assets in "qualified export assets"; and (8) make an election to be an ISC during the 90-day period immediately preceding the beginning of the taxable year. Grants an exception for failure to meet the "qualified export assets" and "qualified export receipts" requirements for reasonable cause under specified circumstances. Defines "qualified export receipts" as : (1) receipts from the sale, exchange, lease, or rental of export property to an unrelated person for use, consumption, or disposition outside the United States; (2) receipts from commissions, fees, or compensation from the performance of commercial, technical, engineering, and similar services on export property; and (3) interest on obligations that are qualified export assets. Defines "qualified export assets" as: (1) export property; (2) working capital related to export gross receipts; (3) facilities outside the United States for the storage, handling, transportation, or packaging of export property; and (4) certain evidences of indebtedness. Defines "export property" as property: (1) manufactured, produced, or grown in the United States by a related person; (2) held primarily for sale, lease, or rental by the ISC for disposition outside the United States; and (3) not more than 50 percent of its value is attributable to imported articles. Sets forth inter-company pricing rules in the case of a sale of export property to an ISC by a person subject to allocation of income rules. Provides an income tax deduction for dividends received from an International Sales Corporation. Denies the foreign tax credit for any foreign tax: (1) which is paid or accrued by an ISC; or (2) which is paid or accrued with respect to any distribution from a corporation during periods in which such corporation is an ISC. Repeals those provisions of the Internal Revenue Code relating to Domestic International Sales Corporations (DISC). Allows preferential tax treatment of the transfer of assets from a DISC to an ISC.
United States · United States Congress · 11 December 1981
Amends the Internal Revenue Code to provide that the tax-exempt status of certain charitable organizations and the allowance of a deduction for contributions to such organizations shall not be construed as the provision of Federal assistance.
United States · United States Congress · 10 December 1981
Periodic Payment Settlement Act of 1981 - Amends the Internal Revenue Code to provide for an income tax exclusion of periodic payments of damages received on account of personal injury or sickness, whether paid by the individual originally liable for such damages or his assignee. Allows such assignee a business expense deduction for the payment of such damages.
United States · United States Congress · 10 December 1981
Provides that, for income tax purposes, any conveyance of privately owned lands located in Purgatory River Canyon and Pinon Canyon, Colorado, to the United States for expansion of the Fort Carson military installation shall be treated as an involuntary conversion.
United States · United States Congress · 10 December 1981
Amends the Internal Revenue Code to exempt from the excise taxes on gasoline, diesel fuel, and special motor fuels any such fuels sold for use in certain taxicabs. Imposes requirements of registration for such exemption. Makes permanent the provision for refund of taxes paid on the sale of fuel for taxicabs. Amends the definitions of qualified taxicab services and qualified taxicab.
United States · United States Congress · 10 December 1981
Black Lung Benefits Revenue Act of 1981 - Amends the Internal Revenue Code to increase the excise tax on coal sold by a producer from: (1) 50 cents per ton to $1 per ton for coal from underground mines; and (2) 25 cents per ton to 50 cents per ton for coal from surface mines. Increases the maximum amount of such tax from 2 percent to 4 percent of the price at which a ton of coal is sold by the producer. Terminates such increase on the earlier of January 1, 1996, or the first January 1 after 1981 when there is: (1) no balance of repayable advances made to the Black Lung Disability Trust Fund; and (2) no unpaid interest on such advances. Creates a new subtitle I, "Trust Fund Code" as part of the Internal Revenue Code. Reestablishes in the U.S. Treasury, effective January 1, 1982, the Black Lung Disability Trust Fund. Provides that such trust fund shall be treated for all purposes of law as the continuation of the Black Lung Disability Trust Fund established by the Black Lung Benefits Revenue Act of 1977. Appropriates to the Trust Fund amounts equivalent to the revenues received from the excise tax on coal producers and the taxes on black lung benefit trusts relating to self-dealing, taxable expenditures and excess contributions. Authorizes to be appropriated, as repayable advances, such sums as may be necessary to make the required expenditures from the Trust Fund. Requires such advances to be repaid with interest. Makes amounts in the Trust Fund available, as provided by appropriation acts, for: (1) the payment of benefits where the Secretary of Labor determines that: (A) the operator liable for such payments has not made payments within a specified time, or (B) there is no operator who is liable for such payments; (2) the payment of obligations with respect to miners whose last employment was before January 1, 1970; (3) the repayment into the Treasury of an amount equal to the sum of certain claims paid before April 1, 1978; (4) the repayment of repayable advances; (5) the payment of certain administrative expenses incurred on or after March 1, 1978; (6) the reimbursement of operators for claims paid before April 1, 1978 to miners whose employment terminated before January 1, 1970; and (7) the reimbursement of operators and insurers for claims denied before March 1, 1978, but subsequently approved in accordance with the provisions of the Black Lung Benefits Act. Requires the transfer of amounts appropriated to the Trust Fund at least monthly. Requires the Secretary of the Treasury to hold the Trust Fund and report to the Congress annually on its financial condition and operations and its expected status during the next five fiscal years. Sets forth requirements for investment by the Trust Fund in interest-bearing obligations of the United States. Amends the Black Lung Benefits Act to set the rate of interest on operator liabilities. Repeals the provision which established the Black Lung Disability Trust Fund under the Black Lung Benefits Revenue Act of 1977.
United States · United States Congress · 10 December 1981
Repeals provisions of the Economic Recovery Tax Act of 1981 which set forth special rules for the leasing of depreciable business property between corporations.
United States · United States Congress · 10 December 1981
Amends the Internal Revenue Code to treat certain museums as public charities, rather than private foundations, for purposes of the higher (50 percent of adjusted gross income) tax deduction level permitted for contributions to a public charity. Provides that such museums qualify for the higher level if 25 percent or more of the governing bodies of the museums consist of individuals who are: (1) community leaders or others who represent a cross- section of the community; (2) public officials; or (3) individuals selected by a public official.
United States · United States Congress · 10 December 1981
Expresses the sense of the Congress that no limitation should be placed on the Federal income tax deduction for interest paid on a residential mortgage.
United States · United States Congress · 9 December 1981
Amends the Internal Revenue Code to permit corporate joint ventures (other than Subchapter S corporations and personal holding companies) to use the annual accrual method of accounting allowed for corporations engaged in farming.
United States · United States Congress · 9 December 1981
M.D.L. 235 Settlement Discounts Tax Act of 1981 - Excludes from gross income any discount or price reduction on property and services provided for under a specified fuel settlement involving Westinghouse Electric Corporation and certain public utilities.
United States · United States Congress · 9 December 1981
Revokes Revenue Ruling 81-216, which denies a tax exclusion of the interest on multiple lots of $1,000,000 each of industrial development bonds that are pooled and issued as one bond.
United States · United States Congress · 9 December 1981
Amends the Internal Revenue Code to lower from 16 to 14 the age requirement for participation in the cooperative education program under the targeted jobs income tax credit program. Eliminates the requirement that the youth-participant be a member of an economically disadvantaged family. Revises the definition of "qualified cooperative education program" to encompass all types of education (presently, limited to vocational education). Revises the definition of "qualified school" to mean a tax-exempt public school.
United States · United States Congress · 9 December 1981
M. D. L. 235 Settlement Discounts Tax Act of 1981 - Excludes from gross income any discount or price reduction on property and services provided for under a specified fuel settlement involving Westinghouse Electric Corporation and certain public utilities.
United States · United States Congress · 9 December 1981
Appropriates such amounts as may be necessary in fiscal year 1982 for projects or activities for which appropriations, funds or other authority would be available in specified appropriations Acts. Funds such activities to the extent and in the manner which would be provided by the pertinent appropriation Act. Declares that whenever the amount which would be made available or the authority which would be granted under such an appropriation Act as passed the House as of November 20, 1981, is different from that which would be available or granted under such Act as passed by the Senate as of November 20, 1981, the pertinent project or activity shall be continued under the lesser amount or the more restrictive authority. States that were an item included in only one version of an Act as passed by both Houses as of November 20, 1981, the pertinent project or activity shall be continued under the appropriation, fund, or authority granted by the one House, but at a rate for operations of the current rate or the rate permitted by the action of the one House, whichever is lower. Declares that when an appropriation Act has been reported to a House but not passed by that House as of November 20, 1981, it shall be deemed as having been passed by that House. Authorizes additional continuing appropriations for the following: (1) the low income home energy assistance program; (2) the foster care program authorized by the Social Security Act; (3) the Community Services Block Grant; and (4) the State Block Grant authorized by the Education Consolidation and Improvement Act of 1981. Declares that funds which would be available under the Treasury, Postal Service and General Government Appropriation Act, 1982, for the Government payment of annuitants and employees health benefits, shall be available under the authority and conditions set forth in such Act as reported to the Senate on September 22, 1981. Declares that, for the purposes of this joint resolution, the Senate reported level of such Act shall be the level reported by the Senate on September 22, 1981 (S. Rept. No. 97-192). Declares that whenever an appropriation Act has been passed by only one House as of November 20, 1981, the pertinent project or activity shall be continued under the appropriation granted by the one House, but at a rate for operations of the current rate or the rate permitted by the one House, whichever is lower. Declares that no provision which is included in an appropriation Act enumerated in this Act but which was not included in the applicable appropriation Act of 1981, and which is applicable to more than one appropriation shall be applicable to any appropriation unless such provision is included in identical form in such bill as enacted by both the House and the Senate. Appropriates additional funds for training, job search allowances, and relocation allowances under the Trade Act of 1974. Appropriates necessary funds for projects or activities provided for in the Foreign Assistance and Related Programs Appropriations Act, 1982, at a rate for operations not in excess of the current rate provided in fiscal year 1981 or the rate provided in the budget estimate, whichever is lower. Appropriates necessary funds for projects or activities provided for in the Department of Transportation and Related Agencies Appropriation Act, 1982, at a rate for operations and to the extent and in the manner provided for in the conference report filed in the House on November 13, 1981, as if such Act had been enacted into law. Provides continuing appropriations for projects or activities provided for in the following: (1) the Department of Housing and Urban Development - Independent Agencies Appropriation Act, 1982, at a rate for operations provided for in the conference report filed in the House on September 11, 1981, as amended by the Senate on November 21, 1981, as if such Act had been enacted into law; (2) the Department of Interior and Related Agencies Appropriation Act, 1982, at a rate for operations provided for in the conference report as approved by the House on November 12, 1981, as if such Act had been enacted into law; and (3) the Agriculture, Rural Development, and Related Agencies Appropriation Act, 1982, at a rate for operations provided for in the conference report filed in the House on November 4, 1981. Makes such sums as necessary available until the transfer and closure proceedings are completed and for the continued operation and improvement of existing facilities not proposed for closure but not in excess of, and under the conditions of the budget request transmitted on November 9, 1981, for operation, improvement, transfer, and closure of Public Health Service hospitals and clinics. Declares that specified provisions of the Legislative Branch Appropriation Act, 1982, shall apply to any appropriation, fund, or authority made available for the period October 1, 1981, through September 30, 1982, by this or any other Act. Appropriates such sums as necessary for projects or activities provided for in the Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriation Act, 1982, at the rate provided in and under the authority, conditions, allocations, and limitations provided in H.R. 4169 as passed the House on September 9, 1981, except that for the following items funds shall be at a specified rate. Title I: Department of Commerce - Sets forth the amounts appropriated for: (1) the Bureau of the Census for salaries and expenses and periodic censuses and programs; (2) the Economic Development Administration for economic development assistance programs; (3) the International Trade Administration for operations and administration; (4) the United States Travel and Tourism Administration for salaries and expenses; (5) the National Oceanic and Atmospheric Administration for operations, research, and facilities, coastal zone management, the Fisheries Loan Fund, the Foreign Fishing Observer Fund, and the Fishermen's Guaranty Fund; (6) Science and Technical Research for scientific and technical research and services; (7) the National Telecommunications and Information Administration for salaries and expenses and public telecommunications facilities, planning and construction; and (8) the Maritime Administration for operations and training. Makes continuing appropriations for salaries and expenses to the following related agencies: (1) the Federal Communications Commission; (2) the Federal Maritime Commission; (3) the Federal Trade Commission; (4) the International Trade Commission; (5) the Office of the United States Trade Representative; expenses; (6) the Securities and Exchange Commission; (7) the Small Business Administration; and (8) the United States Metric Board. Title II: Department of Justice - Makes continuing appropriations to the Department of Justice for the following: (1) General Administration, salaries and expenses; (2) the United States Parole Commission for salaries and expenses; (3) legal activities; salaries and expenses; (4) salaries and expenses, United States attorneys and marshals; (5) support of United States prisoners; (6) fees and expenses of witnesses; (7) salaries and expenses, Community Relations Service; (8) the Federal Bureau of Investigation for salaries and expenses; (9) the Immigration and Naturalization Service for salaries and expenses; (10) the Federal Prison System, National Institute of Corrections, and buildings and facilities; and (11) the Office of Justice Assistance, Research, and Statistics, Law Enforcement Assistance. Makes continuing appropriations to the Equal Employment Opportunity Commission for salaries and expenses. Title III: Department of State - Authorizes additional continuing appropriations to the Department of State for: (1) the Administration of Foreign Affairs; (2) contributions to international organizations; (3) specified international commissions; and (4) the Asia Foundation. Makes continuing appropriations to the following related agencies: (1) the Board for International Broadcasting for grants and expenses; (2) the Commission on Security and Cooperation in Europe for salaries and expenses; and (3) the International Communication Agency for salaries and expenses. Title IV: The Judiciary - Makes additional continuing appropriations to the Judiciary for the Courts of Appeals, District Courts, and other Judicial Services. Grants specified funds to the following subject to approval by specified Congressional committees: (1) a transfer of funds to the Department of Commerce for general administration; (2) the Federal Communications Commission for salaries and expenses; and (3) the Securities and Exchange Commission for salaries and expenses. Declares that appropriations and funds made available and authority granted pursuant to this joint resolution shall be available until: (1) enactment into law of an appropriation for any project or activity provided for in this joint resolution; or (2) enactment of the applicable appropriation Act; or (3) September 30, 1982, whichever occurs first. Makes additional continuing appropriations to the Public Health Service for grants for the construction or expansion of two teaching facilities. Prohibits any of the funds made available pursuant to this resolution from being used to accomplish or implement a proposed reorganization of the Bureau of Alcohol, Tobacco and Firearms before March 30, 1982. Permits the Secretary of the Treasury to transfer up to two percent from any appropriation account provided by this joint resolution for the Department of the Treasury to any other such appropriation account. Permits funds available to the Federal Building Fund within the General Services Administration to be used to initiate new construction, advance design, and repairs and alteration line-item projects and lease construction projects which are included in either H.R. 4121, as passed by the House, or in H.R. 4121, as reported by the Senate on September 22, 1981. Declares that it is the sense of the Congress that the President should not include in his recommendations for revenue enhancements any recommendations which would have the effect of reducing Federal tax incentives for energy conservation or the development of renewable energy sources. Withholds funds provided under this joint resolution for the special supplemental food program and the commodity supplemental food program from obligation unless and until a special message specifying a deferral or rescission of budget authority for such programs is officially submitted to the Congress, when the Congress is in session. Prohibits the use of any of the funds provided in this or any other Act by the Interstate Commerce Commission to approve railroad branchline abandonments in the State of North Dakota by the Burlington Northern Railroad in excess of a total of 350 miles. Requires the funds provided for nonurban formula grants and urban formula grants to be apportioned and allocated using data from the 1970 decennial census for one-half of the sums and the remainder apportioned and allocated on the basis of the 1980 decennial census. Makes the funds made available by this joint resolution for school assistance in federally affected areas available under the authority and conditions set forth in H.R. 4560 as passed the House on October 6, 1981. Makes continuing appropriations to the Department of Health and Human Services for the operations of the Office of Adolescent Pregnancy Programs. Sets forth the levels of funding for specified sections of the Refugee Education Assistance Act of 1980 and for the Refugee Act of 1980. Subjects the funds made available by this joint resolution which would be available under H.R. 4560, the Department of Labor, Health and Human Services, and Education and Related Agencies Appropriation Act, 1982, as reported to the Senate on November 9, 1981, for Student Financial Assistance to specified conditions. Authorizes the Secretary of the Senate to expend from the contingent fund of the Senate such amount as may be necessary to obtain the services of a professional archivist. Authorizes continuing appropriations to carry out the Rehabilitation Act of 1973 and the International Health Research Act of 1960. Directs the Attorney General to exercise efforts to ensure that none of the funds appropriated by this joint resolution may be obligated or expended after March 1, 1982, for the detention of any entrant, any applicant for political asylum or for refugee status, or any other alien which would cause the total number of aliens to exceed specified amounts in the State of Florida. Authorizes additional continuing appropriations for the payment of windfall benefits as provided under the Railroad Retirement Act of 1974. Requires that each State establish fiscal control procedures to assure that funds made available under this resolution for the low-income energy assistance program are used for payments in accordance with the Omnibus Budget Reconciliation Act of 1981. Prohibits any of the funds appropriated for the Department of Labor, Mine Safety and Health Administration from being obligated or expended to prescribe, issue, administer or enforce any standard, rule, regulation or order under the Federal Mine Safety and Health Act of 1977 with respect to any independent construction contractor who is engaged by an operator for the construction, repair or alteration of structures or roads located on the surface areas of any coal or other mine separate from actual mining or extraction activities. Authorizes continuing appropriations for: (1) the Maternal and Child Health Care Block Grant Act; (2) activities under the Developmental Disabilities Assistance and Bill of Rights Act of 1981; (3) the Job Corps; and (4) damaged highways in the area affected by eruptions of the Mount Saint Helens volcano. Directs the Secretary of Transportation to approve, upon the request of the State of Indiana, the construction of a specified interchange. Requires any proposal for deferral of budget authority with respect to expenses related to the Northeast Corridor Improvement Project to be referred to the House and Senate Committees on Appropriations. Prohibits any of the funds appropriated by this joint resolution or by any other Act from being obligated or expended to increase any salary of any Federal judge or Justice of the Supreme Court, except as may be specifically authorized by Act of Congress. Sets forth the level of salary or basic pay which is payable to any individual for or an account of services performed after December 31, 1981, if such individual has an office or position the salary or pay for which corresponds to the rate of basic pay for levels III, IV, and V of the Executive Schedule. Reduces appropriations made available by this joint resolution by specified percentages for programs, projects, or activities for which provision would be made in specified appropriation Acts. Reduces appropriations made available to the Department of Agriculture in this joint resolution in areas not involving direct assistance to those engaged in agriculture by specified amounts. Reduces appropriations made available by this joint resolution for the projects or activities provided for in the Department of Transportation and Related Agencies Appropriation Act, 1982, by specified amounts. Declares that such reductions shall not apply to appropriations for those activities involving new spending authority. Prohibits any account, activity, program or project from being terminated as a result of such reductions. Makes continuing appropriations to the Postal Service fund for revenue foregone on free and reduced-rate mail. Directs the Postal Service to promptly adjust preferred rates so as to recover the difference between the amount which was authorized to be appropriated and the amount hereby appropriated. Sets forth procedures for making such adjustments. Makes the provisions of Public Law 97-51 concerning dollar limits on tax deductions for living expenses of Members of Congress while away from home applicable to taxable years beginning after December 31, 1980.
United States · United States Congress · 9 December 1981
Sets forth the rule for the consideration of H.Con.Res. 230 (Congressional budget).
United States · United States Congress · 8 December 1981
Energy Community Self-Help Act of 1981 - Amends the Internal Revenue Code to permit taxpayers to elect to deduct in one taxable year otherwise deductible prepaid State or local taxes, fees, rents, or royalties which are used by such States or localities to meet population growth needs arising out of the operation of major energy and resource development activities. Specifies that the prepayment of such taxes, fees, etc. must be permitted or required by State or local law. Defines "operation of major energy and resource development" as the development, operation, and construction of any facility used primarily for the development of minerals, operated in connection with a synthetic fuel project, or an electric generation facility designed for coal use. Requires that capital expenditures for such facility or gross income received over the life of such facility exceed $50,000,000. Allows an income tax deduction for amounts paid to State and local governments as energy impact assistance. Defines "energy impact assistance amounts" as contributions made to State and local governments to provide certain facilities or services required to meet population growth needs resulting from energy and resources development activities.
United States · United States Congress · 8 December 1981
Repeals provisions of the Economic Recovery Tax Act of 1981 which set forth special rules for the leasing of depreciable business property between corporations.
United States · United States Congress · 8 December 1981
Repeals provisions of the Economic Recovery Tax Act of 1981 which set forth special rules for the leasing of depreciable business property between corporations.
United States · United States Congress · 8 December 1981
Amends the Internal Revenue Code to revise requirements for the tax exclusion of interest on small issues of industrial development bonds. Limits the small issue exemption to obligations used to finance the following types of business: (1) manufacturing; (2) processing; and (3) warehousing and distribution facilities. Requires bond issuing authorities to conduct public hearings prior to the approval and issuance of any small issue industrial development bond. Requires the Governor of a State to report to the Secretary of the Treasury annually beginning in 1984 on bonds issued during the preceding year.
United States · United States Congress · 8 December 1981
Sets forth the rule for the consideration of H.R. 4559 (Foreign assistance funding).
United States · United States Congress · 8 December 1981
Sets forth the rule for the consideration of H.R. 3566 (International development assistance).
United States · United States Congress · 8 December 1981
Reaffirms the concurrent resolution on the budget most recently agreed to with respect to the fiscal year 1982 (H. Con. Res. 115, Ninety-seventh Congress).
United States · United States Congress · 7 December 1981
Repeals provisions of the Economic Recovery Tax Act of 1981 which set forth special rules for the leasing of depreciable business property between corporations.