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Taxation

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51 records in US in 2001

Records

Bill· SS. 1860 (107th)open

New Homestead Economic Opportunity Act

United States · United States Congress · 20 December 2001

New Homestead Economic Opportunity Act - Directs the Secretary of Education to repay a specified percentage (up to $3,000 per year) of certain education loans to an individual who completes a degree and both resides and is employed in a qualifying county outside a metropolitan statistical area which for 20 years has a net out-migration of inhabitants of at least ten percent of the county population. Amends the Internal Revenue Code to allow a tax credit for a specified portion of the purchase price of a qualified residence in such a rural county. Allows a capital loss deduction with respect to sale or exchange of principal residence in certain rural areas. Provides for the creation of tax-exempt individual homestead accounts, which shall receive matching Federal contributions according to a specified formula, whose tax-free distributions after five years are used for qualified higher education or medical expenses, first-time homebuyer or business capitalization costs, or rollovers. Establishes a rural investment tax credit of 70 percent of the present value of new buildings (including rehabilitation projects) or 30 percent of the present value of existing buildings. Provides for accelerated depreciation of property in rural investment projects. New Homestead Venture Capital Fund Act - Amends the Consolidated Farm and Rural Development Act to provide for establishment of new homestead venture capital funds, owned by private investors, which shall generate and provide equity capital to rural businesses.

Bill· SS. 1873 (107th)referred

A bill to amend the Internal Revenue Code of 1986 to allow credits for the installation of energy efficiency home improvements, and for other purposes.

United States · United States Congress · 20 December 2001

Amends the Internal Revenue Code to provide that, in the case of an individual, there shall be allowed a limited tax credit (up to $2,000 a dwelling) for qualified energy efficiency home improvements. Provides, for a business, a limited (up to $2,000 a dwelling) new energy efficient home credit for energy efficient property installed during the construction of a home.

Bill· SS. 1886 (107th)referred

Assisted Living Tax Credit Act

United States · United States Congress · 20 December 2001

Assisted Living Tax Credit Act - Amends the Internal Revenue Code to establish a limited supported elderly housing credit for businesses for qualified supported elderly buildings and qualified supported elderly services provided in such buildings.

Bill· SS. 1863 (107th)referred

A bill to amend the Internal Revenue Code of 1986 to clarify treatment for foreign tax credit limitation purposes of certain transfers of intangible property.

United States · United States Congress · 20 December 2001

Amends the Internal Revenue Code to provide that for purposes of applying the foreign tax credit limitation with respect to amounts attributable to transfers of certain intangible property such amounts shall be treated in the same manner as if such amounts were royalties.

Bill· HRH.R. 3599 (107th)referred

Charitable Giving and Compassion Assistance Act of 2001

United States · United States Congress · 20 December 2001

The Charitable Giving and Compassion Assistance Act of 2001 - Amends the Internal Revenue Code, with respect to charitable giving, to, among other things: (1) allow a charitable giving deduction to individuals not itemizing; (2) permit tax free distributions from IRA accounts for charitable purposes; and (3) increase the cap on corporate charitable contributions. Provides expedited procedures for obtaining tax exempt status. Provides grants for programs for mentoring the children of incarcerated parents. Amends the Runaway and Homeless Youth Act to provide for maternity group homes and evaluation of such homes. Provides financial support nongovernmental community based organizations for, among other things: (1) grant writing, legal, program development, and management assistance; (2) capacity building; and (3) delivering assistance to those in need. Savings for Working Families Act of 2001 - Permits a qualified financial institution, qualified nonprofit organization, or Indian tribe to establish one or more qualified individual development account programs. Defines such an account as an account established for an eligible individual (income based) as part of a qualified individual development account program (matched individual and entity savings accounts for qualifying educational, first-time home purchase, or business expenses). Sets forth provisions concerning such accounts, including: (1) the structure and administration of account programs; (2) procedures for opening and maintaining an account and qualifying for matching funds; (3) withdrawal procedures; and (4) disregarding account funds for purposes of certain means-tested Federal programs. Provides matching funds through a tax credit for a participating entity's program investment.

Bill· HRH.R. 3605 (107th)referred

Small Business Paperwork Amnesty Act

United States · United States Congress · 20 December 2001

Small Business Paperwork Amnesty Act - Amends the Paperwork Reduction Act to direct agency heads not to impose civil fines for first-time paperwork violations by small business concerns unless there is potential for serious harm to the public interest, the detection of criminal activity would be impaired, the violation is not corrected within six months, the violation is a violation of internal revenue law or a law concerning the assessment or collection of any tax, debt, revenue, or receipt, or the violation presents a danger to the public health or safety. Permits an agency to determine that a fine should not be imposed for a violation that presents a danger to public health or safety if the violation is corrected within 24 hours.

Bill· HRH.R. 3601 (107th)referred

Terrorist Response Tax Exemption Act

United States · United States Congress · 20 December 2001

Terrorist Response Tax Exemption Act - Amends the Internal Revenue Code to exempt from gross income compensation received by a civilian uniformed employee for any month during any part of which such employee provides security, safety, fire management, or medical services in a terrorist attack zone. Sets forth a special rule for the U.S. Capitol Police force.

Bill· HRH.R. 3583 (107th)referred

Anti-Terrorism Charity Protection Act

United States · United States Congress · 20 December 2001

Anti-Terrorism Charity Protection Act - Amends the Internal Revenue Code to deny tax exempt status to an organization if any funds of the organization are used to support, or any activities of the organization consist of providing support to, terrorists or terrorist organizations.

Bill· SS. 1856 (107th)referred

Teleworking Advancement Act

United States · United States Congress · 19 December 2001

Teleworking Advancement Act - Amends the Internal Revenue Code to allow a tax credit to employers of up to $500 annually for each employee participating in an employer-sponsored telework arrangement. Allows a tax credit for telework equipment expenses, as specified. Directs the Administrator of the Small Business Administration to conduct a pilot program promoting telecommuting among small business employers, with special outreach to individuals with disabilities.

Bill· HRH.R. 3530 (107th)open

To amend the Internal Revenue Code of 1986 to clarify that certain settlement funds established under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 are beneficially owned by the United States and are not subject to tax.

United States · United States Congress · 19 December 2001

Amends the Internal Revenue Code to exempt from tax certain settlement funds established under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980.

Bill· HRH.R. 3550 (107th)referred

American Traveler's Assistance Act

United States · United States Congress · 19 December 2001

American Traveler's Assistance Act - Amends the Internal Revenue Code to provide that, in the case of an individual, there shall be allowed a limited tax credit (up to $1,000, or $2,000, in the case of a joint return) for qualified personal travel expenses paid or incurred by the taxpayer on or after the date of the enactment of this Act and before September 1, 2002.

Bill· HRH.R. 3535 (107th)referred

Social Security Ownership and Guarantee Act of 2001

United States · United States Congress · 19 December 2001

Social Security Ownership and Guarantee Act of 2001 - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act (SSA) to establish in the executive branch a Personal Savings Board, headed by an Executive Director, to administer the individual social security account program created by this Act. Establishes in the Treasury a Social Security Personal Savings Fund. Directs the Executive Director to establish in the Savings Fund an individual social security account for each eligible individual who elects to participate. Prescribes social security deposits and supplemental contributions for investments in common stock and social security transition bonds. Provides for distribution of Savings Fund amounts in monthly annuity payments, with optional cash distribution, along with cost-of-living adjustments. Ensures maintenance of adequate balances in the social security trust funds. Amends the Internal Revenue Code to: (1) make the Savings Fund, and each individual social security account, exempt from income taxation; (2) set a contribution limit on supplemental contributions; (3) tax distributions as social security benefits; and (4) impose an excess tax on excess supplemental contributions. Directs the Social Security Advisory Board to study the manner and extent to which, upon attainment of balances in individual social security accounts sufficient to minimize the administrative costs involved, investment of amounts held in such accounts may be managed in the private sector by approved account managers. Directs the Secretary of the Treasury to issue a benefit guarantee certificate to each individual who is determined by the Commissioner of Social Security as of the date of certificate issuance to be entitled to OASDI benefits.

Bill· HRH.R. 3529 (107th)open

Economic Security and Worker Assistance Act of 2001

United States · United States Congress · 19 December 2001

Economic Security and Worker Assistance Act of 2001 - Amends the Internal Revenue Code to: (1) provide for a supplemental rebate; and (2) accelerate the 25 percent individual income tax rate. Sets forth provisions specifically applicable to business, including: (1) a special depreciation allowance for certain property acquired after September 10, 2001, and before September 11, 2004; (2) a temporary increase in section 179 expensing; and (3) an increased carryback period for certain losses. Extends varied expiring provisions, including: (1) the credits for qualified electric vehicles, work opportunity credit, and the welfare-to-work credit; and (2) provisions concerning the taxable income limit on percentage depletion for oil and natural gas produced from marginal properties, parity in the application of certain limits to mental health benefits, and the availability of medical savings accounts. Reauthorizes Temporary Assistance for Needy Families supplemental grants for population increases for FY 2002. Provides special allowances for a designated "New York Liberty Zone" for the area damaged in the September 11, 2001, terrorist attacks. Provides for specified tax relief for victims of terrorist attacks and presidentially declared and other disasters. Temporary Extended Unemployment Compensation Act of 2001 - Provides a program of temporary extended unemployment compensation. Establishes a displaced worker health insurance credit. Amends the Workforce Investment Act of 1998, with respect to national emergency grants, to authorize grants for employment and training assistance and temporary health care coverage assistance to workers affected by major economic dislocations. Amends the Social Security Act to provide for temporary State health care assistance.

Resolution· HRESH.Res. 319 (107th)passed

Waiving a requirement of clause 6(a) of rule XIII with respect to consideration of certain resolutions reported from the Committee on Rules.

United States · United States Congress · 19 December 2001

Waives the requirement under rule XIII of the House of Representatives of a two-thirds vote to consider a Committee on Rules report on the same day it is presented to the House, with respect to any resolution reported on December 19, 2001, providing for consideration or disposition of a bill to provide tax incentives for economic recovery, including any amendment thereto, conference report thereon, or any amendment reported in disagreement from a conference thereon.

Bill· HRH.R. 3507 (107th)open

Coast Guard Authorization Act for Fiscal Year 2002

United States · United States Congress · 18 December 2001

Coast Guard Authorization Act for Fiscal Year 2002 - Authorizes appropriations for the Coast Guard for FY 2002. Authorizes end-of-year strength for the Coast Guard. Maritime Policy Improvement Act of 2001 - Provides for: (1) certificates of documentation and other provisions concerning named vessels; (2) grants to the American Merchant Marine Veterans Memorial Committee, Inc.; (3) governing agricultural cargo discharges; (4) revising the method for recording and discharging certain maritime liens. Coast Guard Personnel and Maritime Safety Act of 2001 - Sets forth provisions concerning, among other things: (1) Coast Guard personnel management; (2) marine safety; (3) advisory groups; (4) law enforcement; (5) user fees; and (6) entry into U.S. waters. Omnibus Maritime Improvements Act of 2001 - Sets forth provisions concerning, among other things: (1) Coast Guard housing authorities; (2) cable laying vessels: (3) vessel escort and towing; (4) search and rescue; (5) communications; (6) lower Columbia River marine, fire, oil, and toxic spill response communications, training, equipment, and program administration activities; (7) promotion and retirement; (8) lighthouses; (9) drug interdiction jurisdiction; (10) authorization for the Oil Spill Recovery Institute; (11) liability of Coast Guard Vessel Traffic Service pilots for damages related to their official assistance; and (12) recreational vessel and associated equipment recalls.

Resolution· HRESH.Res. 317 (107th)open

Waiving a requirement of clause 6(a) of rule XIII with respect to consideration of certain resolutions reported for the Committee on Rules.

United States · United States Congress · 17 December 2001

Waives the requirement under rule XIII of the House of Representatives of a two-thirds vote to consider a Committee on Rules report on the same day it is presented to the House, with respect to any resolution reported by such Committee on December 18, 2001, providing for consideration or disposition of a bill to provide tax incentives for economic recovery.

Bill· SS. 1832 (107th)referred

A bill to amend the Internal Revenue Code of 1986 to modify the credit for the production of electricity from renewable resources to include production of energy from agricultural and animal waste.

United States · United States Congress · 14 December 2001

Amends the Internal Revenue Code to modify the credit for production of electricity from renewable resources to include production of energy from agricultural and animal waste, including by-products and associated materials. Limits such credit to facilities placed in service after 2001 and before 2007.

Bill· SS. 1831 (107th)referred

A bill to provide alternative minimum tax relief with respect to incentive stock options exercised during 2000.

United States · United States Congress · 14 December 2001

Provides under the Internal Revenue Code (the Code), in the case of an incentive stock option exercised during calendar year 2000, the amount taken into account under provisions of the Code concerning adjustments in computing alternative minimum taxable income for individuals by reason of such exercise shall not exceed the amount that would have been taken into account if, on the date of such exercise, the fair market value of the stock acquired pursuant to such option had been its fair market value as of April 15, 2001 (or, if such stock is sold or exchanged on or before such date, the amount realized on such sale or exchange). Establishes adjusted gross income threshold and phaseout amounts for purposes of this adjustment.

Bill· SS. 1825 (107th)open

Pacific Salmon Recovery Act

United States · United States Congress · 13 December 2001

Pacific Salmon Recovery Act - Requires the Secretary of Commerce, subject to appropriations, to provide financial assistance for salmon conservation and habitat restoration activities to eligible States (Alaska, Washington, Oregon, and California, and Idaho) and tribal governments in such States. Allocates 85 percent of assistance per fiscal year equally among such States and 15 percent among eligible tribal governments. Requires eligible States to submit a Salmon Conservation and Salmon Habitat Restoration Plan and eligible tribal governments to enter into memoranda of understanding with the Secretary regarding use of such assistance. Requires such plans and memoranda to be revised to reflect when any salmon species may be or is listed as endangered or threatened. Requires projects funded within the Columbia River Basin to be consistent with the Northwest Power Planning Council's Columbia River Basin Fish and Wildlife Program. Requires funds allocated to an eligible State to be: (1) used only within its borders; and (2) matched by 25 percent nonfederal funds. Requires the Secretary to prescribe requirements for expedited peer review of science-based activities in the spending plans. Directs States and eligible tribal governments to provide for public participation in the use of such assistance.

Bill· SS. 1820 (107th)referred

HERO Act

United States · United States Congress · 13 December 2001

Heroic Emergency Response Operations Act or HERO ACT - Amends Federal transportation law regarding annual fees collected by the Secretary of Transportation paid by persons transporting hazardous materials in commerce to stipulate that up to five percent of such funds annually may now be used for developing minimum national standards for, as well as to develop and conduct, security training dealing with commercial transportation of hazardous materials. Limits to $1 million per fiscal year the amount available for supplemental training grants from the collected funds.

Bill· SS. 1819 (107th)referred

A bill to provide that members of the Armed Forces performing services in the Republic of Korea shall be entitled to tax benefits in same manner as if such services were performed in a combat zone, and for other purposes.

United States · United States Congress · 13 December 2001

Extends the tax benefits available under the Internal Revenue Code for services performed in a combat zone to active duty performed by a member of the U.S. armed forces in the Republic of Korea in any area that qualifies such member for hardship duty pay.

Bill· HRH.R. 3501 (107th)referred

Economic Recovery Act of 2001

United States · United States Congress · 13 December 2001

Economic Recovery Act of 2001 - Amends the Internal Revenue Code to allow an additional first year 30 percent depreciation allowance for property which has a recovery period of 20 years or less, is water utility property, or computer software and which was acquired after September 10, 2001, and before September 11, 2004, and is placed in service before January 1, 2005. Provides for a supplemental rebate for individuals who, before October 16, 2001, filed tax returns for 2000. Provides for a program of temporary emergency unemployment compensation. Directs the Secretary of Labor to establish an emergency health coverage assistance program to provide a limited period of health insurance premium assistance for certain qualified individuals for Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) continuation coverage. Allows a State to elect to provide temporary Medicaid coverage for certain uninsured individuals: (1) eligible for unemployment benefits; (2) not eligible for COBRA continuation coverage; and (3) with assets and resources below certain levels. Provides for a revenue offset by increasing the 35 percent highest marginal tax rate to 37.6 percent (effective in 2006). Amends the Workforce Investment Act of 1998 to provide additional funding for national emergency grants.

Bill· HRH.R. 3484 (107th)referred

Prompt Utilization of Wireless Spectrum Act of 2001

United States · United States Congress · 13 December 2001

Prompt Utilization of Wireless Spectrum Act of 2001 - Approves the settlement reached in NextWave Personal Communications Inc., and NextWave Power Partners Inc., v. Federal Communications Commission and the United States of America. Authorizes and appropriates funds to pay the settlement which requires NextWave's complete relinquishment of any and all claims related to designated licenses or the covered spectrum within 10 days of final bankruptcy settlement approval. Earmarks a portion of such settlement as a nonrefundable advance tax payment. Sets forth provisions governing the subsequent disposition of such licenses through the implementation of auction 35, including bid, payment, ability to withdraw and/or receive refunds, expedited judicial review, and limitations on administrative or judicial review of Commission decisions, determinations, and orders.

Bill· HRH.R. 3500 (107th)referred

Military and Civilian Victims Payroll Tax Relief Act of 2001

United States · United States Congress · 13 December 2001

Military and Civilian Victims Payroll Tax Relief Act of 2001 - Amends the Internal Revenue Code to exempt from income and employment taxes any individual who dies as a result of wounds, injury, or illness incurred as a result of terroristic or military action.

Bill· HRH.R. 3493 (107th)open

Renewable Fuel Equity Act

United States · United States Congress · 13 December 2001

Renewable Fuel Equity Act - Amends the Internal Revenue Code to expand the renewable resources credit to include geothermal and solar energy, incremental hydropower and biomass (other than closed-loop biomass). Sets forth qualifying dates of service for facilities using such means to produce electricity. Expands the investment tax credit to include equipment used to produce electricity from certain renewable resources.

Resolution· HRESH.Res. 316 (107th)passed

Waiving points or order against the conference report to accompany the bill (S. 1438) to authorize appropriations for fiscal year 2002 for military activities of the Department of Defense, for military construction, and for defense activities of the Department of Energy, to prescribe personnel strengths for such fiscal year for the Armed Forces, and for other purposes.

United States · United States Congress · 13 December 2001

Waives points of order against the consideration of the conference report on S. 1438 (FY 2002 Department of Defense funding authorization)

Bill· SS. 1810 (107th)referred

Home and Farm Wind Energy Systems Act of 2001

United States · United States Congress · 12 December 2001

Home and Farm Wind Energy Systems Act of 2001 - Amends the Internal Revenue Code to allow a limited credit for amounts paid for qualified wind energy property from which at least 50 percent of the energy produced is consumed on site.

Bill· HRH.R. 3475 (107th)open

Dietary Supplement Tax Fairness Act of 2001

United States · United States Congress · 12 December 2001

Dietary Supplement Tax Fairness Act of 2001 - Amends the Internal Revenue Code to treat amounts paid for foods for special dietary use, dietary supplements, and medical foods as medical expenses for purposes of the medical expense deduction.

Bill· SS. 1804 (107th)referred

American Family Economic Security and Stimulus Act

United States · United States Congress · 11 December 2001

American Economic Security and Stimulus Act - Amends the Internal Revenue Code to require employers to provide eligible employees with a simplified application for an earned income eligibility certificate. Extends eligibility for advanced payment of the earned income credit to employees without qualifying children. Makes the 25 percent individual income tax rate effective in calender year 2002 rather than 2006. Temporarily expands penalty-free retirement plan distributions for health insurance premiums for individuals receiving unemployment compensation, as specified. Increases the child tax credit to $1,000. Allows a tax credit of up to $500 for qualified elementary and secondary education expenses (computer technology or equipment). Allows for certain property acquired after September 10, 2001, and before September 11, 2002: (1) an additional first year 10 percent depreciation allowance; and (2) an additional allowance against the alternative minimum tax. Temporary Emergency Unemployment Compensation Act of 2001 - Provides for a program of temporary emergency unemployment compensation. Provides for a temporary reduction in the interest rate applicable to repayments of advances to State unemployment funds. Amends the Workforce Investment Act of 1998 to temporarily expand the National Emergency Grant program to address employment needs resulting from the terrorist attacks of September 11, 2001, including: (1) assistance for employment and training and temporary health care coverage premiums for workers affected by major economic dislocations (2) personal/business income compensation to a dislocated worker/ independently owned business or proprietorship if such worker/business is unable to work/fully function; and (3) COBRA continuation coverage.

Bill· HRH.R. 3451 (107th)referred

Student Success Act of 2001

United States · United States Congress · 11 December 2001

Student Success Act of 2001 - Authorizes individuals to enter into human capital investment contracts (HCICs) to obtain funds for the payment of tuition and other related expenses of postsecondary education by agreeing to pay to the holder of the contract a specified percentage of the individual's future earned income. Makes any HCIC that complies with required terms and conditions under this Act a valid, binding, and enforceable contract notwithstanding any State law limiting or otherwise regulating assignments of future wages or other income. Amends the Internal Revenue Code to provide that: (1) an HCIC shall not be treated as a debt instrument for specified purposes; and (2) amounts received by the student for entering into an HCIC shall be includible in such student's gross income for certain tax purposes. Sets forth conditions for allowable depreciation deductions with respect to HCICs. Allows a tax deduction, in determining adjusted gross income, for an individual's obligated payments under an HCIC. Deems income derived from, or gain from the sale or other disposition of, an HCIC as qualifying income which would exempt a publicly traded partnership from treatment as a corporation. Amends the Investment Company Act of 1940 to provide for pooling of HCICs into investment companies. Amends Federal bankruptcy law to except from discharge in bankruptcy, under certain conditions, any payment owed by the debtor as a result of a payment made to or for the benefit of the debtor under an HCIC. Amends the Higher Education Act of 1965 (HEA) to provide that no portion of any amounts received by a student for entering into an HCIC shall be included as income or assets in the computation of expected family contribution for any program funded in whole or in part under HEA.

Bill· HRH.R. 3455 (107th)referred

To amend the Internal Revenue Code of 1986 to provide incentives to introduce new technologies to reduce energy consumption in buildings.

United States · United States Congress · 11 December 2001

Amends the Internal Revenue Code to establish, for a limited time period, deductions and credits for commercial and residential properties using specified energy efficient construction or reconstruction approaches (component or performance-based). Sets forth provisions concerning allocation of deductions for public property. Requires the Secretary of the Treasury to establish specified certification and compliance procedures.

Resolution· HRESH.Res. 312 (107th)passed

Waiving points of order against the conference report to accompany the bill (H.R. 2883) to authorize appropriations for fiscal year 2002 for intelligence and intelligence-related activities of the United States Government, the Community Management Account, and the Central Intelligence Agency Retirement and Disability System, and for other purposes.

United States · United States Congress · 11 December 2001

Waives points of order against the consideration of the conference report on H.R. 2883 (FY 2002 intelligence authorization).

Bill· SS. 1791 (107th)referred

Economic Security and Recovery Act of 2001

United States · United States Congress · 10 December 2001

Economic Security and Recovery Act of 2001 - Amends the Internal Revenue Code to allow an additional first year 20 percent depreciation allowance for property which has a recovery period of 20 years or less, is water utility property, or computer software and which was acquired after September 10, 2001, and before September 11, 2004, and is placed in service before January 1, 2005. Provides for a payroll tax holiday period for the period beginning after November 30, 2001, and ending before January 1, 2002. Provides for a program of temporary emergency unemployment benefits.

Bill· SS. 1779 (107th)open

Radio Free Afghanistan Act

United States · United States Congress · 6 December 2001

Radio Free Afghanistan Act - Provides for the establishment of Radio Free Afghanistan. Amends the Foreign Relations Authorization Act, Fiscal Years 1994 and 1995 to repeal the ban on the use of U.S. funds to construct a U.S. radio transmitter in Kuwait.

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