Taxation

DEPARTMENT OF HOMELAND SECURITY APPROPRIATIONS FOR FISCAL YEAR 2006

United States · United States Senate · 31 December 2005

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

United States · United States Senate · 31 December 2005

Sales Tax Fairness and Simplification Act

United States · United States Congress · 20 December 2005

Sales Tax Fairness and Simplification Act - Grants the consent of Congress to the Streamlined Sales and Use Tax Agreement, the multistate agreement for the administration and collection of sales and use taxes adopted on November 12, 2002. Expresses the sense of Congress that the Agreement provides sufficient simplification and uniformity to warrant federal authorizations to states that are parties to it (member states) to require remote sellers (sellers without a physical presence in the taxing state) to collect and remit the sales and use taxes of such states and their local taxing jurisdictions. Authorizes each member state, after 10 states (comprising at least 20% of all states imposing a sales tax) have petitioned for and become member states, to require all sellers, except those sellers with gross remote taxable sales nationwide of less than $5 million, to collect and remit sales and use taxes on remote sales owed to such member state under the terms of the Agreement. Allows any person affected by the Agreement to petition the Governing Board established by the Agreement for a determination of any issue arising under the Agreement. Provides for judicial review of Governing Board determinations by the U.S. Court of Federal Claims. Sets forth minimum simplification requirements for the Agreement. Expresses the sense of Congress that member states should work with each other to prevent double taxation where a foreign country has imposed a transaction tax on a digital good or service.

Streamlined Sales Tax Simplification Act

United States · United States Congress · 20 December 2005

Streamlined Sales Tax Simplification Act - Grants the consent of Congress to the Streamlined Sales and Use Tax Agreement, the multistate agreement for the administration and collection of sales and use taxes adopted on November 12, 2002. Expresses the sense of Congress that the Agreement provides sufficient simplification and uniformity to warrant federal authorizations to states that are parties to it (member states) to require remote sellers (sellers without a physical presence in the taxing state) to collect and remit the sales and use taxes of such States and their local taxing jurisdictions. Authorizes each member state, after 10 states (comprising at least 20% of all states imposing a sales tax) have petitioned for and become member states, to require all sellers, except those sellers qualifying for a small business exception, to collect and remit sales and use taxes on remote sales owed to such member state under the terms of the Agreement. Allows any person affected by the Agreement to petition the Governing Board established by the Agreement for a determination of any issue arising under the Agreement. Provides for judicial review of Governing Board determinations by the U.S. Court of Federal Claims. Sets forth minimum simplification requirements for the Agreement. Expresses the sense of Congress that member state should work with each other to prevent double taxation where a foreign country has imposed a transaction tax on a digital good or service.

Assisting Doctors to Obtain Proficient and Transmissible Health Information Technology (ADOPT HIT) Act of 2005

United States · United States Congress · 18 December 2005

Assisting Doctors to Obtain Proficient and Transmissible Health Information Technology (ADOPT HIT) Act of 2005 - Amends the Internal Revenue Code to allow medical care providers: (1) to expense up to $250,000 of the cost of health care information technology for the exchange of medical information; and (2) a business tax credit for 50% of their telecommunication charges (defined as expenses of installing or maintaining a communications network that supports interoperability of electronic medical records systems), up to $10,000.

Waiving points of order against the conference report to accompany the bill (S. 1932) to provide for reconciliation pursuant to section 201(a) of the concurrent resolution on the budget for fiscal year 2006.

United States · United States Congress · 18 December 2005

Waives points of order against consideration of the conference report on S. 1932 (providing for reconciliation under the concurrent resolution on the budget for FY2006).

Waiving points of order against the conference report to accompany the bill (H.R. 2863) making appropriations for the Department of Defense for the fiscal year ending September 30, 2006, and for other purposes.

United States · United States Congress · 18 December 2005

Waives points of order against consideration of the conference report on H.R. 2863 (Department of Defense Appropriations Act, 2006).

Homeowner's Tax Relief Act of 2005

United States · United States Congress · 17 December 2005

Homeowner's Tax Relief Act of 2005 - Amends the Internal Revenue Code to allow individual taxpayers an additional tax deduction (whether or not such taxpayers itemize deductions) for state and local real property taxes paid for a principal residence that exceed the national average, as determined by the Secretary of the Treasury. Denies such deduction for taxpayers whose adjusted gross income exceeds $80,000 ($160,000 for joint returns).

Clean Alternatives for Energy Independence Act of 2005

United States · United States Congress · 17 December 2005

Clean Alternatives for Energy Independence Act of 2005 - Repeals certain tax benefits relating to oil and natural gas enacted by the Energy Policy Act of 2005. Amends the Internal Revenue Code to increase: (1) the tax credit for investment in residential and business fuel cell property; (2) the tax credit for investment in fuel cell motor and advanced lean burn technology motor vehicles; (3) the number of hybrid and advanced lean burn technology vehicles eligible for the alternative motor vehicle tax credit; and (4) the tax credit for investment in commercial and residential alternative fuel vehicle refueling property. Extends through 2012 the tax credit for business fuel cell property. Extends through 2019 the tax credits for: (1) investment in qualified fuel cell motor vehicles; (2) investment in alternative fuel vehicle refueling hydrogen-related property (through 2011 for other fuel-related property).

Health Care Freedom of Choice Act

United States · United States Congress · 17 December 2005

Health Care Freedom of Choice Act - Amends the Internal Revenue Code to allow the tax deduction for medical expenses without the gross income percentage limitation.

Teachers for Tomorrow's Careers Act of 2005

United States · United States Congress · 17 December 2005

Teachers for Tomorrow's Careers Act of 2005 - Amends the Internal Revenue Code to: (1) extend through 2006 the tax deduction for qualified tuition and related expenses; and (2) allow an unlimited deduction for the expenses of certified science, technology, engineering, or math teachers and professionals.

Making further continuing appropriations for the fiscal year 2006, and for other purposes.

United States · United States Congress · 17 December 2005

Amends Public Law 109-77 to extend until December 31, 2005, specified continuing appropriations for FY2006. Declares that, notwithstanding such date, funds shall be available and obligations for mandatory payments due on or about November 1, 2005, December 1, 2005, and January 1, 2006.

Date Certain Tax Code Replacement Act

United States · United States Congress · 16 December 2005

Date Certain Tax Code Replacement Act - Terminates the Internal Revenue Code of 1986 for taxable years beginning after 2008, except provisions of such Code relating to social security taxation (i.e., taxes on wage, self-employment, and railroad retirement income). Establishes within the legislative branch a National Commission on Tax Reform and Simplification. Directs the Commission to: (1) review the Internal Revenue Code of 1986 and its impact on the economy, families, and the workforce: (2) determine whether the current income tax system can be replaced by more a more efficient and fair system of taxation; and (3) submit a report to Congress on the results of its review with recommendations for fundamental reform and simplification of the Code. Requires congressional approval of a new federal tax system no later than July 4, 2008, or a vote of Congress to reauthorize the Internal Revenue Code of 1986.

Earned Income Tax Credit Simplification Act of 2005

United States · United States Congress · 16 December 2005

Earned Income Tax Credit Simplification Act of 2005 - Amends provisions of the Internal Revenue Code relating to the earned income tax credit to: (1) allow certain married taxpayers filing separate returns and residing with a dependent child to claim such credit; (2) allow certain taxpayers residing in a household with a qualifying child to claim the credit independently as a taxpayer without a qualifying child; (3) eliminate provisions denying the credit for individuals with excessive investment income; and (4) require aliens claiming the credit to have a social security number authorized for employment purposes.

Student Achievement and Successful Schools Act of 2005

United States · United States Congress · 16 December 2005

Student Achievement and Successful Schools Act of 2005 - Expresses the sense of Congress that: (1) full funding should be provided to schools to allow them to satisfy federal mandates required under the No Child Left Behind Act of 2001 (NCLBA), which amended the Elementary and Secondary Education Act of 1965 (ESEA); and (2) states and school districts should have the necessary flexibility in implementing NCLBA to ensure that all students are successful and achieve all of the goals of the law. Amends ESEA to revise requirements relating to: (1) adequate yearly progress (AYP); (2) student achievement measured through longitudinal growth; (3) supplemental educational services; and (4) extended deadlines and uniform state standards for evaluating teachers as highly qualified. Directs the Secretary of Education to: (1) allocate federal funds to pay for administrative costs of demonstrating AYP and for paraprofessional training; and (2) make performance bonus grants to eligible states for non-administrative functions by schools that have closed achievement gaps to a certain degree between specified subgroups. Authorizes state and local educational agencies and schools to defer implementation of certain ESEA requirements in any fiscal year when the amount appropriated under ESEA and the Individuals with Disabilities Act does not equal or exceed a specified authorized amount. Directs the Comptroller General to study and report on certain topics concerning how costs of NCLBA mandates may affect adequate funding for ESEA.

Achieving Our IDEA Act of 2005

United States · United States Congress · 16 December 2005

Achieving Our IDEA Act of 2005 - Amends the Individuals with Disabilities Education Act (IDEA) to authorize and make appropriations for: (1) each of FY2007-FY2012 in specified amounts; and (2) each subsequent fiscal year, in amounts necessary to fully fund 40% of the average per pupil expenditure for IDEA part B programs of assistance for education of all children with disabilities.

Continuing Care Seniors Housing Act of 2005

United States · United States Congress · 16 December 2005

Continuing Care Seniors Housing Act of 2005 - Amends Internal Revenue Code provisions which allow a tax exemption for the interest imputed to below-market rate interest loans to certain continuing care facilities to: (1) decrease from 65 to 62 the qualifying age for lenders to continuing care facilities; (2) eliminate the $90,000 limitation on loans to such facilities; (3) modify continuing care contract requirements; and (4) revise the definition of continuing care facility to include an independent living unit, plus an assisted living or nursing facility, or both.

Export Administration Renewal Act of 2005

United States · United States Congress · 16 December 2005

Export Administration Renewal Act of 2005 - Amends the Export Administration Act of 1979 to declare it U.S. policy to utilize the analytic product of the U.S. intelligence community for the consideration of any proposed license under the Act. Requires the President to conduct a comprehensive review of the commodity classification process and the Export Control Classification Number (ECCN) system. Places the Office of Foreign Availability under the direction of the Under Secretary of Commerce for Industry and Security (currently, the Under Secretary of Commerce for Export Administration). Increases penalties for violations of the Act. Sets forth a five-year statute of limitations for commencing a proceeding in which a civil penalty or other administrative sanction is sought under the Act. Sets forth U.S. policy on multilateral export control regimes. Modifies enforcement mechanisms under the Act. Subjects tangible items lawfully seized by U.S. designated officers or employees to forfeiture. Specifies the use of funds made available for undercover investigation operations by the Office of Export Enforcement. Authorizes interception of communications (wiretaps). Authorizes the Secretary of Commerce, without fiscal year limitations, to expend funds transferred to, paid to, received by, or made available to the Bureau of Industry and Security of the Department of Commerce as a reimbursement. Establishes the BIS Export Enforcement Fund in the Treasury. Exempts functions exercised under the Export Administration Regulations as maintained and amended under the authority of the International Emergency Economic Powers Act from administrative procedure and judicial review.

To increase the renewable fuel content of gasoline sold in the United States by the year 2025 to 25 billion gallons, to require Federal agencies to use ethanol and biodiesel in government vehicles, and for other purposes.

United States · United States Congress · 16 December 2005

Amends the Clean Air Act to extend to 2025 certain requirements increasing the applicable volume of renewable fuel in gasoline. Amends the Energy Policy Act of 1992 to require the head of each federal agency to ensure that, in areas in which ethanol-blended gasoline is reasonably available at a generally competitive price, the agency purchases such gasoline with at least 10% ethanol, rather than nonethanol-blended gasoline, for its vehicles that use gasoline. Amends the Farm Security and Rural Investment Act of 2002 to: (1) authorize appropriations for FY2007-FY2015 to the Department of Agriculture bioenergy program; and (2) direct the Secretary of Agriculture to give priority to production of both cellulosic ethanol, and hydrogen using ethanol technology. Amends the Internal Revenue Code to make ethanol and biodiesel refining property eligible for 7-year depreciation. Creates a new flexible fuel hybrid motor vehicle income tax credit. Extends: (1) the alternative technology vehicle credit through calendar 2014; (2) the alternative fuel vehicle refueling property credit through calendar 2024; (3) the volumetric excise tax credit for alternative fuels and the alternative fuel mixture credit through FY2014; and (6) the biodiesel producer credit and the small ethanol producer credit through calendar 2024.

Taxpayers' Cancer Research Funding Act of 2005

United States · United States Congress · 16 December 2005

Taxpayers' Cancer Research Funding Act of 2005 - Amends the Internal Revenue Code to allow taxpayers to designate on their tax returns a $5 contribution to the Breast and Prostate Cancer Research Fund ($10 for joint returns). Establishes in the Treasury the Breast and Prostate Cancer Research Fund to award grants for breast or prostate cancer research.

Unemployment Tax Repeal Act of 2005

United States · United States Congress · 16 December 2005

Unemployment Tax Repeal Act of 2005 - Repeals the Internal Revenue Code provision requiring the inclusion of unemployment compensation in gross income.

Small Business Growth Initiative Act of 2005

United States · United States Congress · 15 December 2005

Small Business Growth Initiative Act of 2005 - Amends the Internal Revenue Code to: (1) allow certain small business employers (with between two and 100 employees) a business tax credit for employee training expenses; (2) double the tax exclusion of gain from the sale or exchange of qualified small business stock and reduce the holding period for such stock from five to three years; (3) exempt such small business stock gain from the alternative minimum tax; (4) extend through 2010 the increased expensing allowance for depreciable business assets; and (5) increase the tax credit for small employer pension startup costs. Amends the Small Business Act to increase federal agency expenditures under the Small Business Innovation Research program (SBIR) and the Small Business Technology Transfer program (STTR) through FY2011.

Collaboration for the Recovery of Endangered Species Act

United States · United States Congress · 15 December 2005

Collaboration for the Recovery of Endangered Species Act - Amends the Endangered Species Act of 1973 (ESA) to revise the role of states and private landowners in the recovery of endangered species. State Government Assistance in Recovery Act - Revises provisions of ESA allowing the Secretary of the Interior to enter into cooperative agreements with states for the recovery of endangered species. Priority for Listing and Recovery Act - Revises provisions of ESA relating to the determination of endangered and threatened species to require the Secretary to establish: (1) a revised system of priorities for making endangered and threatened species determinations; (2) a schedule for making such determinations; and (3) revised recovery programs for the preservation of endangered species and recovery teams to implement such programs. Incentives for Species Recovery Act - Establishes a system of conservation banks for the exchange of conservation credits by private landowners engaged in the recovery of endangered species. Allows the issuance of provisional permits for the continuation of certain activities on potential endangered species habitats until a habitat conservation plan is approved. Amends the Internal Revenue Code to allow: (1) a tax deduction for credits purchased from a conservation bank; and (2) a tax credit for ESA-related conservation and recovery costs. Amends the Healthy Forests Restoration Act of 2003 to protect landowners enrolled in certain ESA recovery plans from liability for incidental takings of endangered species.

Home Energy Savings Incentives Act of 2005

United States · United States Congress · 15 December 2005

Home Energy Savings Incentives Act of 2005 - Amends the Internal Revenue Code to revise the tax credit for nonbusiness energy property enacted by the Energy Policy Act of 2005 to allow an individual taxpayer a credit equal to $10 for each therm of certified natural gas savings and $0.65 for each kilowatt hour of certified electricity savings attributable to energy efficiency improvements made to the taxpayer's principal residence. Limits the amount of such credit to $5,000, less credits received for all prior taxable years. Requires the Secretary of the Treasury to prescribe the manner and method for making energy savings certifications for purposes of the tax credit. Terminates the credit after December 31, 2007.

Household Energy and Taxpayer Assistance Act of 2005

United States · United States Congress · 15 December 2005

Household Energy and Taxpayer Assistance Act of 2005 - Provides additional appropriations for the low-income home energy assistance program for FY2006. Amends the Internal Revenue Code to allow individual taxpayers a refundable tax credit for 20% of their residential energy expenses. Imposes a $200 lifetime limitation on such credit ($300 for joint returns).

Angels Nurture Growing Entrepreneurs into Long-term Successes (ANGELS) Act

United States · United States Congress · 15 December 2005

Angels Nurture Growing Entrepreneurs into Long-Term Successes (ANGELS) Act - Amends the Small Business Investment Act of 1958 to establish within the Investment Division of the Small Business Administration (SBA) the Office of Angel Investment, headed by a Director, to provide support for the development of angel investment opportunities for small businesses. Requires the Director to: (1) establish and carry out a program, to be known as the Angel Finance Program, to provide financing to approved angel groups; (2) establish and maintain a searchable database, to be known as the Federal Angel Network, to assist small businesses in identifying angel investors; and (3) establish and carry out a program to make grants for the development of new or existing angel groups and to increase awareness and education about angel investing. Amends the Internal Revenue Code to provide a small business investment tax credit of 20 percent of the amount paid or incurred for qualified small business investment.

Prison Inmate Tax Fraud Reduction Act

United States · United States Congress · 15 December 2005

Prison Inmate Tax Fraud Reduction Act - Amends the Internal Revenue Code to authorize the Secretary of the Treasury to disclose in writing to the head of the Federal Bureau of Prisons or a state prison, subject to certain restrictions, taxpayer identity information of prisoners and whether such prisoners have claimed or received a federal tax refund that may be based on a false or fraudulent tax return.

Tax Depreciation, Modernization, and Simplification Act of 2005

United States · United States Congress · 14 December 2005

Tax Depreciation, Modernization, and Simplification Act of 2005 - Amends the Internal Revenue Code to: (1) authorize the Secretary of the Treasury to modify or create new class lives for depreciable business assets that reasonably reflect anticipated useful life and decline in value; (2) eliminate the mid-quarter accounting convention for determining depreciation; (3) allow an election to consolidate, in a mass asset account, the accounting of depreciable properties that each cost less than $10,000; and (4) extend permanently the $100,000 expensing allowance for depreciable business assets.

A bill to impose a temporary windfall profits tax on crude oil and provide a rebate to each household from the revenues resulting from such tax.

United States · United States Congress · 14 December 2005

Amends the Internal Revenue Code to: (1) impose an excise tax on integrated oil companies for 50% of their windfall profit from the sale of all barrels of taxable crude oil for taxable years beginning in 2005; (2) allow a tax deduction for the payment of any such windfall profit tax; and (3) grant certain individual taxpayers with adjusted gross incomes not exceeding $40,000 an income tax rebate of $450. Requires payment of such rebate not later than March 1, 2006. Defines "windfall profit" as the excess of the removal (sales) price of a barrel of taxable crude oil over the adjusted base price ($40 per barrel) of such barrel.

To amend the Internal Revenue Code of 1986 to reform the charitable contribution deduction rules on contributions of certain easements on buildings in registered historic districts, and for other purposes.

United States · United States Congress · 14 December 2005

Amends the Internal Revenue Code to modify requirements for the tax deduction for charitable contributions of easements on buildings in registered historic districts to require such easements to preserve the entire exterior of the building and to prohibit any change in the exterior of the buildings which is inconsistent with the historic character of such exterior. Imposes additional reporting, appraisal, and filing fee requirements. Revises criteria for determining substantial and gross overstatements of valuations of charitable deduction property. Eliminates the reasonable cause exception for waiving penalties for such overstatements.

Second Higher Education Extension Act of 2005

United States · United States Congress · 14 December 2005

Second Higher Education Extension Act of 2005 - Amends the Higher Education Extension Act of 2005 (P.L. 109–81) to extend the programs under the Higher Education Act of 1965 (HEA) through March 31, 2006. Amends HEA to extend: (1) limitations on a special allowance for loans from the proceeds of tax exempt issues; and (2) an effective date limitation on increased teacher loan forgiveness benefits.

Technology Education Incentive Act of 2005

United States · United States Congress · 14 December 2005

Technology Education Incentive Act of 2005 - Amends the Internal Revenue Code to allow employers a business tax credit for 20% of the wages paid to employees who volunteer services at certain K-12 schools related to science, mathematics, or engineering education. Imposes a maximum credit amount of $1,000 per employee. Directs the Secretaries of Education and the Treasury to conduct a joint study on the effects of such tax credit.

Health Care Relief Act of 2005

United States · United States Congress · 14 December 2005

Health Care Relief Act of 2005 - Amends the Internal Revenue Code to allow: (1) taxpayers, including non-itemizing taxpayers, a tax deduction from gross income for the first $2,000 of their out-of-pocket medical expenses; (2) certain small business employers a business tax credit for amounts paid for employee health insurance coverage; and (3) a refundable tax credit up to $500 for the health insurance costs of a taxpayer and the taxpayer's spouse and dependents.

Government Waste Reduction Act of 2005

United States · United States Congress · 14 December 2005

Government Waste Reduction Act of 2005 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to extend discretionary spending limits through FY2011. Repeals requirements for inclusion in a sequestration report of adjustments to discretionary limits for: (1) continuing disability reviews by the Social Security Administration; (2) specified allowances for the International Monetary Fund and international arrearages; (3) any earned income tax credit compliance initiative; (4) adoption incentive payments; and (5) conservation spending. Requires an adjustment to discretionary spending limits equal to the estimated resulting reduction in mandatory budget authority and outlays utilizing accrual methods, if enacted legislation charges federal agencies for the full cost of accrued federal retirement and health benefits, and an appropriations Act provides new budget authority to carry out such legislation. Revises PAYGO requirements to remove receipts from the requirement that any legislation enacted before FY2012 affecting direct spending (currently, direct spending or receipts) that increases the deficit will trigger an offsetting sequestration. Revises the formula for calculating the amount of deficit increase or decrease by the Office of Management and Budget (OMB). Requires OMB to assume an automatic deficit increase of $44.559 billion before making such calculations for FY2006. Repeals the cap on the amount by which Medicare programs must be reduced. States that, with respect to eliminating a deficit increase, accounts shall be assumed to be at the level in the baseline (as under current law) for FY2007, but for FY2008-FY2011 at the baseline only after adjusting for any sequester in FY2006. Repeals the exemption of agricultural crop disaster assistance from the application of emergency legislation requirements (thus including agricultural crop disaster assistance as direct spending the President may designate as an emergency requirement). Revises the definition of baseline to exclude emergency appropriations and legislation. Prohibits such emergency appropriations and legislation from being extended in the baseline. Amends the Congressional Budget Act of 1974 to require that the committee report and any statement of managers accompanying proposed legislation analyze whether a proposed emergency requirement meets a specified definition of "emergency." Prohibits the consideration of any such legislation that does not meet this "emergency" definition.

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

United States · United States Congress · 14 December 2005

Constitutional Amendment - Prohibits federal expenditures (except those for repayment of debt principal) from exceeding revenues (except those derived from borrowing) for any fiscal year unless three-fifths of the whole number of each chamber provides for a specific excess of expenditures over revenues by a rollcall vote. Authorizes Congress to waive such prohibition when a declaration of war is in effect or under other specified circumstances involving military conflict.

TO AMEND TITLE 4 OF THE UNITED STATES CODE TO CLARIFY THE TREATMENT OF SELF-EMPLOYMENT FOR PURPOSES OF THE LIMITATION ON STATE TAXATION OF RETIREMENT INCOME

United States · United States House of Representatives · 13 December 2005

Supreme Court Tax Accountability Act of 2005

United States · United States Congress · 13 December 2005

Supreme Court Tax Accountability Act of 2005 - Expresses the sense of Congress that Supreme Court nominees should have complied with federal tax law at a level beyond reproach. Calls for a complete and independent review of the federal tax returns of such nominees by appropriate tax law experts in the U.S. Senate. Amends the Internal Revenue Code to require the Joint Committee on Taxation to obtain and inspect the income tax returns of nominees to the U.S. Supreme Court for the preceding three taxable years and to report to the Senate Committees on Finance and the Judiciary on whether such returns are compliant with the law.

A bill to ensure payment of United States assessments for United Nations peacekeeping operations in 2005 and 2006.

United States · United States Congress · 13 December 2005

Amends the Foreign Relations Authorization Act, Fiscal Years 1994 and 1995 to provide for U.S. payments for 2005-2006 U.N. peacekeeping operations at 27.1%. (Current law provides for a 25% payment rate.) (Amends the Department of State and Related Agency Appropriations Act, 2005 to repeal the provision providing for 2005 payments at 27.1%.)

IRA Equity Act of 2005

United States · United States Congress · 13 December 2005

IRA Equity Act of 2005 - Amends the Internal Revenue Code to allow taxpayers to: (1) include wage replacement income in computing the allowable tax deduction for contributions to retirement savings accounts; and (2) elect to include certain unused income from prior taxable years in computing such tax deduction. Defines "wage replacement income" as amounts received by disabled individuals, unemployment compensation, workers' compensation, or other income deemed wage replacement income under Treasury regulations.

Flex Health Savings Accounts Act of 2005

United States · United States Congress · 13 December 2005

Flex Health Savings Accounts Act of 2005 - Amends the Internal Revenue Code to: (1) allow individuals covered under a flexible spending arrangement or health reimbursement arrangement to qualify for the tax deduction for contributions to health savings accounts; and (2) increase the monthly limitation on contributions to health savings accounts.

Waiving points of order against the further conference report to accompany the bill (H.R. 3010) making appropriations for the Departments of Labor, Health and Human Services, and Education, and Related Agencies for the fiscal year ending September 30, 2006, and for other purposes.

United States · United States Congress · 13 December 2005

Waives points of order against further consideration of the conference report on H.R. 3010 (FY2006 Departments of Labor, Health and Human Services, and Education, and Related Agencies appropriations).

Superfund for Hurricane Accountability and Recovery Act of 2005

United States · United States Congress · 8 December 2005

Superfund for Hurricane Accountability and Recovery Act of 2005 - Amends the Internal Revenue Code to make permanent: (1) the Hazardous Substance Superfund financing rate; and (2) the corporate environmental income tax. Increases by 50%, between January 1, 2006, and December 31, 2008: (1) such financing rate; and (2) the excise tax per ton for certain chemicals. Increases the corporate environmental income tax rate from .12% to .18% during the same period. Establishes a Gulf Hurricanes Cleanup Account in the Hazardous Substance Superfund. Directs the Secretary of the Treasury to transfer to such Account the temporary tax increases imposed by this Act. Provides that amounts in such Account shall be made available for remediation of hazardous substance releases (or threatened releases) caused or exacerbated by Hurricanes Katrina or Rita. Requires the Administrator of the Environmental Protection Agency to report to Congress on Hurricane Katrina and Rita cleanup activities.

Energy Consumer Relief Act of 2005

United States · United States Congress · 8 December 2005

Energy Consumer Relief Act of 2005 - Amends the Energy Policy Act of 2005 to repeal oil and gas tax subsidies including: (1) the election to expense certain refineries; (2) treatment of natural gas distribution lines as 15-year property; (3) treatment of natural gas gathering lines as 7-year property; (4) the new rule for determining small refiner exception to oil depletion deduction; and (5) amortization of geological and geophysical expenditures. Repeals certain oil and gas production incentives, including those with respect to: (1) royalty relief for deep water production; (2) the Alaska offshore royalty suspension; (3) oil and gas leasing in the National Petroleum Reserve in Alaska; (4) management of federal oil and gas leasing programs; (5) oil and gas research programs); and (6) ultra-deepwater and unconventional natural gas and other petroleum resources. Instructs the President to suspend royalty relief for production of crude oil or natural gas from federal lands during periods in which the average price has risen over specified amounts. Requires that specified increased revenues received in the Treasury as the result of the enactment of this Act be made directly available to the Secretary of Health and Human Services for obligation and expenditure under the Low Income Home Energy Assistance Act of 1981. Amends the Internal Revenue Code to provide a refundable tax credit for energy cost assistance for farmers and ranchers. Amends the Small Business Act to direct the Administrator of the Small Business Administration to establish an Energy Emergency Grant Program to make grants to small business concerns that have suffered substantial economic injury as a result of a significant increase in the price of heating oil, natural gas, gasoline, transportation fuel, propane, or kerosene.

America's Brownfield Cleanup Act

United States · United States Congress · 8 December 2005

America's Brownfield Cleanup Act - Amends the Internal Revenue Code to allow a business tax credit for 50% of expenditures for the abatement or control of any hazardous substance, the demolition of any structure, the removal and disposal of property, and the reconstruction of utilities at certain contaminated sites. Allows a tax exclusion for certain contributions made for the remediation of contaminated sites.

Home Lead Safety Tax Credit Act of 2005

United States · United States Congress · 7 December 2005

Home Lead Safety Tax Credit Act of 2005 - Amends the Internal Revenue Code to allow a tax credit for 50 percent of the costs of reducing lead hazards in U.S. homes built before 1960 in which certain low-income children less than six years of age and women of child-bearing age reside. Allows a maximum credit of $3,000 for lead abatement costs and $1,000 for the cost of interim lead control measures.

To amend the Internal Revenue Code of 1986 to provide for the amendment of a claim for abatement, remission, or refund of tax imposed on distilled spirits returned to the bonded premises of a distilled spirits plant.

United States · United States Congress · 7 December 2005

Amends the Internal Revenue Code to allow taxpayers claiming an abatement, credit, or refund for distilled spirits returned to the bonded premises of a distilled spirits plant an extended period for correcting errors in previously filed claims.

To authorize salary adjustments for Justices and judges of the United States for fiscal year 2006.

United States · United States Congress · 7 December 2005

Authorizes cost of living salary adjustments for Justices of the U.S. Supreme Court and other federal judges for FY2006.

American Hybrid Tax Credit Act of 2005

United States · United States Congress · 7 December 2005

American Hybrid Tax Credit Act of 2005 - Amends the Internal Revenue Code to increase by $3,000 the allowable amount of the tax credit for alternative motor vehicles (i.e., qualified fuel cell vehicles, advanced lean burn technology motor vehicles, hybrid vehicles, and alternative fuel motor vehicles) which are assembled in the United States. Allows a 20% increase in the tax credit for increasing research activities for U.S.-based research on alternative motor vehicle technology. Makes such credit refundable for certain small businesses.

Providing for consideration of the bill (H.R. 4297) to provide for reconciliation pursuant to section 201(b) of the concurrent resolution on the budget for fiscal year 2006.

United States · United States Congress · 7 December 2005

Sets forth the rule for consideration of the bill (H.R. 4297) to provide for reconciliation pursuant to section 201(b) of the concurrent resolution on the budget for fiscal year 2006.

To amend the Internal Revenue Code of 1986 to make residents of Puerto Rico eligible for the refundable portion of the child tax credit.

United States · United States Congress · 6 December 2005

Amends the Internal Revenue Code to make residents of Puerto Rico eligible for the refundable portion of the child tax credit.