Taxation

AGRICULTURE, RURAL DEVELOPMENT, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2007

United States · United States Senate · 31 December 2006

DEPARTMENTS OF TRANSPORTATION, TREASURY, THE JUDICIARY, HOUSING AND URBAN DEVELOPMENT, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2007

United States · United States Senate · 31 December 2006

ENERGY AND WATER, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2007

United States · United States Senate · 31 December 2006

DEPARTMENT OF HOMELAND SECURITY APPROPRIATIONS FOR FISCAL YEAR 2007

United States · United States Senate · 31 December 2006

DEPARTMENTS OF LABOR, HEALTH AND HUMAN SERVICES, EDUCATION, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2007

United States · United States Senate · 31 December 2006

Fallen Firefighters Assistance Tax Clarification Act of 2006

United States · United States Congress · 8 December 2006

Fallen Firefighters Assistance Tax Clarification Act of 2006 - Treats payments made before June 1, 2007, by a charitable organization by reason of the death, injury, wounding, or illness of any firefighter in the October 2006 Esperanza Incident in southern California as related to such organization’s exempt function (and thus tax-exempt) if such payments are made in good faith using a reasonable and objective formula which is consistently applied. Protects private foundation making such payments from the penalty tax on self-dealing. Excludes payments for firefighters made by charities or foundations under this Act (or by federal, state, or local governments) from the gross income of the recipient.

A bill to clarify the tax treatment of certain payments made to homeowners by the Louisiana Recovery Authority and the Mississippi Development Authority.

United States · United States Congress · 8 December 2006

Sets forth a special rule for the tax treatment of amounts received by a taxpayer from the Louisiana Recovery Authority or the Mississippi Development Authority for the repair or reconstruction of such taxpayer's primary residence due to hurricane damage in 2005.

Fallen Firefighters Assistance Tax Clarification Act of 2006

United States · United States Congress · 8 December 2006

Fallen Firefighters Assistance Tax Clarification Act of 2006 - Treats payments made to a family member before June 1, 2007, by a charitable foundation on behalf of any firefighter who died in the October 2006 Esperanza Incident in southern California as related to such foundation’s exempt function (and thus tax-exempt) if such payments are made in good faith using a reasonable and objective formula which is consistently applied.

To reauthorize the Secure Rural Schools and Community Self-Determination Act of 2000 and to offset the cost of payments to States and counties under such Act, and for other purposes.

United States · United States Congress · 8 December 2006

Amends the Secure Rural Schools and Community Self-determination Act of 2000 to extend the Act through FY2007. Amends the Tax Increase Prevention and Reconciliation Act of 2005 to temporarily accelerate the effective date (makes withholding effective for 2007) for the imposition of certain withholding on payments made by federal, state, and local governments for property or services. Excludes during such period payments to: (1) businesses that employed fewer than 50 employees during the preceding taxable year; and (2) state and local governments.

To increase the amount in certain funding agreements relating to patents and nonprofit organizations to be used for scientific research, development, and education, and for other purposes.

United States · United States Congress · 8 December 2006

Increases to 15% (currently 5%) of a government-owned contractor-operated facility's annual budget, for facilities with annual budgets of less than $40 million, the amount of money from royalties or income earned during any fiscal year from a patent for a subject invention under a funding agreement that a nonprofit organization can keep for scientific research, development, and education consistent with the research and development mission and objectives of the facility.

Tax Exempt Hospitals Responsibility Act of 2006

United States · United States Congress · 8 December 2006

Tax Exempt Hospitals Responsibility Act of 2006 - Amends the Internal Revenue Code to: (1) deny a tax exemption to medical care providers (i.e., tax-exempt charitable or teaching hospitals) that fail to adopt and carry out policies for providing medically necessary care to low-income individuals without health insurance; (2) deny a tax deduction for contributions to such providers; and (3) impose excise tax penalties on such medical care providers for failing to provide medically necessary care to low-income uninsured individuals, for overcharging for such care, and for failing to make certain disclosures to patients and the public relating to medical care and pricing.

To amend the Internal Revenue Code of 1986 to extend the credit for electricity produced from certain renewable resources.

United States · United States Congress · 8 December 2006

Amends the Internal Revenue Code to extend through 2012 the tax credit for electricity produced from certain renewable resources.

To amend the Balanced Budget and Emergency Deficit Control Act of 1985 to provide for a sequestration on December 31, 2009, to eliminate the actual budget deficit for fiscal year 2009, and for other purposes.

United States · United States Congress · 8 December 2006

Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to require a sequestration on December 31, 2009, of an amount equivalent to the actual amount of the deficit (if any) for FY2009, as determined by the Office of Management and Budget (OMB). Prescribes a general formula for mandatory permanent reduction of each account of the United States, with specified exceptions, under such a sequestration. Exempts from such a sequestration specified accounts, including: (1) Social Security benefits under title II (Old Age, Survivors, and Disability Insurance) (OASDI) of the Social Security Act (SSA); (2) tier I railroad retirement benefits; (3) Medicare benefits under SSA title XVIII; (4) certain federal retirement and disability benefits; (5) certain federal administrative expenses; (6) certain veterans' life and disability insurance programs and the Post-Vietnam Era Veterans Education Account; and (7) certain automatic spending increases under the National Wool Act and the special milk program. Prescribes formulae for partial reductions for: (1) foster care and adoption assistance programs under part E of SSA title IV; (2) veterans' medical care; (3) specified federal retirement programs; (4) specified veterans' programs, including pension and education benefits; (5) military health and retirement funds; (6) federal civilian and military pay; and (7) certain Commodity Credit Corporation cash payments. Requires reductions under any sequestration order in the federal matching rate for state administrative costs under the child support enforcement program of SSA title Authorizes a state, when a sequestration is in effect, to reduce each weekly benefit payment made under the Federal-State Extended Unemployment Compensation Act of 1970.

Providing for consideration of the joint resolution (H.J. Res. 102) making further continuing appropriations for the fiscal year 2007, and for other purposes.

United States · United States Congress · 8 December 2006

Sets forth the rule for consideration of the joint resolution (H.J. Res. 102) making further continuing appropriations for the fiscal year 2007.

A bill to amend the Internal Revenue Code of 1986 to provide credit rate parity for all renewable resources under the electricity production credit.

United States · United States Congress · 7 December 2006

Amends the Internal Revenue Code to eliminate after 2006 the reduction in the rate of the tax credit for electricity produced from open-loop biomass, small irrigation power, landfill gas, trash combustion, and hydropower facilities (thus allowing the same credit rate for all renewable resource facilities).

College Opportunity Tax Credit Act of 2006

United States · United States Congress · 7 December 2006

College Opportunity Tax Credit Act of 2006 - Amends the Internal Revenue Code to replace the Hope Scholarship and Lifetime Learning Tax Credits with an increased, partially refundable college opportunity tax credit to cover up to four years (currently, limited to two years) of the tuition and related expenses of full or part-time postsecondary and graduate students.

Tax Relief and Health Care Act of 2006

United States · United States Congress · 7 December 2006

Tax Relief and Health Care Act of 2006 - Amends the Internal Revenue Code to extend and modify certain expiring tax provisions relating to education, business investment and economic development, research, health care, environmental remediation, and energy conservation. Health Opportunity Patient Empowerment Act of 2006 - Amends the Internal Revenue Code to provide tax and other incentives for funding health savings accounts. Medicare Improvements and Extension Act of 2006 - Amends the Social Security Act to extend and modify various Medicare and Medicaid provisions, including provisions relating to physician fee schedules, health care reporting requirements, hospital and medical provider reimbursements for certain medical procedures, Medicare fraud and abuse prevention, and the transitional medical assistance and abstinence education program. Gulf of Mexico Energy Security Act of 2006 - Instructs the Secretary of the Interior to offer certain areas in the Gulf of Mexico for oil and gas leasing. Surface Mining Control and Reclamation Act Amendments of 2006 - Amends the Surface Mining Control and Reclamation Act of 1977 to reauthorize the Abandoned Mine Reclamation Fund and reduce rate of reclamation fees payable by mine operators to the Fund. Allows certain mine operators to prepay health care premium liabilities to the Combined Benefits Fund. Modifies rules relating to the reimportation of exported tobacco products for personal use. Extends through 2008 tariff duties on ethyl alcohol (ethanol). Allows a tax exclusion of gain from the sale of certain mineral or geothermal interests. Extends the school choice scholarship program for low-income children in the District of Columbia. Directs the Secretary of Health and Human Services to conduct a study on establishing a uniform national database on elder abuse.

Climate Change Investment Act of 2006

United States · United States Congress · 7 December 2006

Climate Change Investment Act of 2006 - Repeals provisions of the Internal Revenue Code allowing: (1) an election to expense the cost of certain liquid fuel processing refineries; (2) accelerated amortization of geological and geophysical expenditures; (3) a tax credit for enhanced oil recovery costs; (4) a tax credit for the production of low sulfur diesel fuel; (5) a tax credit for producing fuel from a nonconventional source; (6) a tax deduction for capital costs incurred in complying with certain sulfur regulations; (7) a tax deduction for intangible drilling and development costs for oil and gas wells and geothermal wells; and (8) tax deductions for certain oil and gas well expenditures. Allows a business-related tax credit for investment in a greenhouse gas intensity reduction project approved by the Secretary of Energy.

Making further continuing appropriations for the fiscal year 2007, and for other purposes.

United States · United States Congress · 7 December 2006

Amends the Continuing Appropriations Resolution, 2007 (Public Law 109-289, division B) to extend until February 15, 2007, specified continuing appropriations for FY2007.

Relating to consideration of the bill (H.R. 6111) to amend the Internal Revenue Code of 1986 to provide that the Tax Court may review claims for equitable innocent spouse relief and to suspend the running on the period of limitations while such claims are pending.

United States · United States Congress · 7 December 2006

Sets forth the rule for the consideration of HR 6111 (to amend the Internal Revenue Code to give the Tax Court jurisdiction to review claims for equitable innocent spouse relief).

Social Security Trust Funds Restoration Act of 2006

United States · United States Congress · 6 December 2006

Social Security Trust Funds Restoration Act of 2006 - Makes appropriations to the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund to restore amounts erroneously overpaid from the Trust Funds to the general fund of the Treasury between 1999 and 2005 as transfers, under the voluntary withholding program, of anticipated taxes on benefit payments under title II (Old Age, Survivors and Disability Insurance) of the Social Security Act.

A bill to amend the Internal Revenue Code of 1986 to modify the rate of the excise tax on certain wooden arrows.

United States · United States Congress · 6 December 2006

Amends the Internal Revenue to impose a separate excise tax on wooden shafts used in the manufacture of arrows of specified dimensions.

Endangered Species Recovery Act of 2006

United States · United States Congress · 6 December 2006

Endangered Species Recovery Act of 2006 - Amends the Internal Revenue Code to allow certain landowners whose property contains the habitat of an endangered or threatened species and who enter into a habitat protection agreement a tax credit for costs relating to habitat protection easements and restoration. Places limits on the amount of such credit for calendar years 2007, 2008, 2009, 2010, and 2011. Allows a tax deduction for expenditures related to recovery plans approved by the Endangered Species Act of 1973. Excludes from gross income certain payments under: (1) the Partners for Fish and Wildlife Program authorized by the Partners for Fish and Wildlife Act; and (2) the Landowner Incentive Program, the State Wildlife Grants Program, and the Private Stewardship Grants Program authorized by the Fish and Wildlife Act of 1956.

Emergency Coverage During an Incident of National Significance Act of 2006

United States · United States Congress · 6 December 2006

Emergency Coverage During an Incident of National Significance Act of 2006 - Directs the Office of Personnel Management (OPM) to administer a health insurance program for certain individuals affected by an incident of national significance. Requires OPM to contract with three or more carriers to make available five or more federal health benefits plans (subject to the provisions of this Act) to eligible individuals. Allows an income-related tax credit for amounts paid by eligible individuals for coverage under the health insurance plan established by this Act. Directs the Secretary of the Treasury to establish a program for making payments on behalf of certain individuals to such plan. Requires the Secretary of Homeland Security, other federal officers, and the Director of OPM to submit a plan that: (1) provides for the orderly implementation of the amendments made by this Act; and (2) includes a schedule of actions to be taken to provide for that implementation.

Extended Access to Medicare Benefits Act of 2006

United States · United States Congress · 6 December 2006

Extended Access to Medicare Benefits Act of 2006 - Amends title XVIII (Medicare) of the Social Security Act to add a new part E providing certain individuals between ages 21 and 65 with access to Medicare benefits, with the addition of prenatal care and family planning services. Creates in the Treasury the Medicare for the Uninsured Trust Fund. Amends the Internal Revenue Code to: (1) allow a tax credit equal to 85% of part E premiums paid for the taxpayer and the taxpayer's spouse and dependents; and (2) direct the Secretary of the Treasury to establish a program to make premium payments on behalf of individuals enrolled under part E to the Secretary of Health and Human Services.

Long-Term Care Improvement Act of 2006

United States · United States Congress · 6 December 2006

Long-Term Care Improvement Act of 2006 - Expresses the sense of Congress that: (1) the Own Your Own Future long-term care awareness campaign should be expanded and implemented in all states; and (2) the Administration on Aging should distribute the document entitled "Long-Term Care Planning Kit" published by the Department of Health and Human Services as part of such campaign. Directs the Secretary of Health and Human Services to designate a day each year as the Day for a National Conversation on Long-Term Care. Establishes the Long-Term Care Financing Commission to conduct analyses of the financing of long-term care, including the financing of nursing facilities. Requires the Medicare Payment Advisory Commission to consider the operating margins, government funding, and quality improvement efforts of skilled nursing facilities in making its payment rate recommendations for such facilities. Amends the Internal Revenue Code to: (1) allow individuals a tax deduction for long-term care insurance premiums; (2) allow long-term care insurance to be offered in cafeteria plans and flexible spending arrangements; and (3) make certain consumer protection provisions applicable to long-term care insurance contracts. Amends title XVI (Supplemental Security Income for the Aged, Blind, and Disabled) of the Social Security Act to repeal limitations on the eligibility of residents of certain small publicly-operated community residences for supplemental security income benefits.

To amend the Internal Revenue Code of 1986 to modify the rate of the excise tax on certain wooden arrows.

United States · United States Congress · 6 December 2006

Amends the Internal Revenue to impose a separate excise tax on wooden shafts used in the manufacture of arrows of specified dimensions.

To amend the Internal Revenue Code of 1986 to allow taxpayers to designate income tax overpayments as contributions to the Federal Government on their income tax returns.

United States · United States Congress · 6 December 2006

Amends the Internal Revenue Code to allow taxpayers to designate on their income tax returns a specified portion (not less than $1) of any income tax overpayment as a contribution to the general fund of the Treasury.

A bill to amend the Internal Revenue Code of 1986 to apply the joint return limitation for capital gains exclusion to certain post-marriage sales of principal residences by surviving spouses.

United States · United States Congress · 5 December 2006

Amends the Internal Revenue Code to allow a surviving spouse to exclude from gross income up to $500,000 of the gain from the sale or exchange of a principal residence owned jointly with a deceased spouse if the sale or exchange occurs within two years of the death of the spouse and other ownership and use requirements have been met.

A bill to amend the Reclamation Safety of Dams Act of 1978 to authorize improvements for the security of dams and other facilities, and for other purposes.

United States · United States Congress · 5 December 2006

Amends the Reclamation Safety of Dams Act of 1978 to authorize the Secretary of the Interior to make modifications that are reasonably required to preserve the site security of Bureau of Reclamation dams and related facilities. Provides for specified reimbursement for costs incurred for building and site security activities. Requires dam safety and site security costs allocated to irrigation, municipal, and industrial water service for the Central Valley Project, California, to be collected by the Secretary exclusively through inclusion of such costs in operation and maintenance rates, capital water rates, or a combination of both, not segregated from other project costs for separate allocation or repayment. Directs the Secretary, during site security-related construction, to consider cost containment measures. Prohibits the obligation of funds exceeding a specified amount for carrying out actual construction to modify an existing dam, the cause of which results from new hydrologic or seismic data or changes in the state-of-the-art criteria deemed necessary for site security or structural safety purposes, prior to 30 calendar days after the Secretary has transmitted a report on such existing dam to Congress. Requires the Secretary to: (1) report annually to Congress on building and site measures carried out during the applicable fiscal year (including a summary of expenditures and information relating to a five-year plan for security measures detailed to show pre- and post-September 11, 2001 costs); (2) provide written notice to project beneficiaries upon identifying a Bureau facility for a site security measure; and (3) include in required reports the Secretary's response when a modification is the result of new data deemed necessary for structural safety purposes. Authorizes the Secretary to waive reporting requirements that could adversely impact site security.

To amend title 10, United States Code, to require the Secretary of Defense to submit to Congress an annual report and to provide notice to the public on congressional initiatives in funds authorized or made available to the Department of Defense.

United States · United States Congress · 5 December 2006

Directs the Secretary of Defense to report annually to Congress on congressional initiatives applicable to funds authorized or made available for the Department of Defense (DOD) for that fiscal year. Requires each report to be posted on a public DOD Internet website.

To amend the Internal Revenue Code of 1986 to increase the credit for biodiesel used as a fuel.

United States · United States Congress · 5 December 2006

Amends the Internal Revenue Code to increase the amount of the income and excise tax credits for biodiesel used as fuel.

Iraq Reconstruction Accountability Act of 2006

United States · United States Congress · 5 December 2006

Iraq Reconstruction Accountability Act of 2006 - Amends the John Warner National Defense Authorization Act for Fiscal Year 2007 to change the date for termination of the Office of the Special Inspector General for Iraq Reconstruction (Office). Provides that the Office shall terminate 10 months after 80% of the funds appropriated or made available for the Iraq Relief and Reconstruction Fund have been expended. Requires the Special Inspector General, prior to the termination date of the Office, to prepare a final forensic audit report on all funds appropriated or made available to the Iraq Relief and Reconstruction Fund.

Tax Code Termination Act

United States · United States Congress · 5 December 2006

Tax Code Termination Act - Mandates the termination of the Internal Revenue Code after December 31, 2010, except for self-employment taxes, Federal Insurance Contributions Act taxes, and Railroad Retirement taxes. Declares that any new federal tax system should be a simple and fair system that: (1) provides tax relief for working Americans; (2) protects the rights of taxpayers and reduces tax collection abuses; (3) eliminates the bias against savings and investment; (4) promotes economic growth and job creation; and (5) does not penalize marriage or families. Requires that the new federal tax system be approved by Congress in its final form by July 4, 2010.

To extend certain trade preference programs, to authorize the extension of nondiscriminatory treatment (normal trade relations treatment) to the products of Vietnam, to modify temporarily certain rates of duty and make other technical amendments to the trade laws, and for other purposes.

United States · United States Congress · 5 December 2006

Africa Investment Incentive Act of 2006 - Amends the African Growth and Opportunity Act (AGOA) to extend duty-free treatment to specified imported sub-Saharan African apparel articles. Extends the AGOA through 2015. Amends the Internal Revenue Code to allow a tax credit against foreign income earned by U.S. companies doing business in sub-Saharan Africa. Amends the Trade Act of 1974 with respect to limitations on waivers of competitive need under the Generalized System of Preferences (GSP) Program. Extends the GSP Program. Haitian Hemispheric Opportunity through Partnership Encouragement Act of 2006 - Amends the Caribbean Basin Economic Recovery Act to provide duty-free treatment for specified Haitian apparel articles. Andean Bridge to a Reciprocal Trade Partnership Act - Amends the Andean Trade Preference Act to extend duty-free treatment and other preferential treatment to articles imported from Bolivia, Ecuador, Colombia, and Peru. Authorizes the President to extend nondiscriminatory treatment (normal trade relations treatment) to the products of Vietnam. Miscellaneous Trade and Technical Corrections Act of 2006 - Amends the Harmonized Tariff Schedule of the United States to repeal certain expired provisions reducing temporarily the rate of duty on specified chemicals. Provides, through December 31, 2009, for new duty suspensions and reductions and existing duty suspensions and reductions. Amends the Tariff Act of 1930 to provide for certain reliquidations. Establishes the Pima Cotton Trust Fund. .

A bill to amend the Internal Revenue Code of 1986 to extend the placed-in-service date requirement for low-income housing credit buildings and bonus depreciation property and the period for rehabilitation expenditures in the Gulf Opportunity Zone.

United States · United States Congress · 16 November 2006

Amends the Internal Revenue Code to extend through 2010: (1) the tax credit for certain low income housing property in the Gulf Opportunity Zone, the Rita GO Zone, and the Wilma GO Zone; (2) bonus depreciation for Gulf Opportunity Zone property; and (3) the increase in the tax credit for rehabilitation expenditures for Gulf Opportunity Zone property.

Fiscal Responsibility Act of 2006

United States · United States Congress · 16 November 2006

Fiscal Responsibility Act of 2006 - Amends the Congressional Budget Act of 1974 to make it out of order in the House of Representatives or the Senate to consider any bill or resolution (or related amendment, motion, or conference report) that would cause spending for non-defense, non-trust-fund, discretionary spending for the budget year to exceed the amount of spending for such activities in FY2007. Permits waiver or suspension of such provisions only by an affirmative vote of three-fifths (60) of the Senate. Requires an affirmative vote of three-fifths also for appeals in the Senate of rulings of the Chair.

Free File Reform Act of 2006

United States · United States Congress · 15 November 2006

Free File Reform Act of 2006 - Requires the Commissioner of Internal Revenue to ensure that: (1) all services presented through the Free File program (free electronic filing of tax returns) are made available to all eligible taxpayers, particularly low-income, disadvantaged, and underserved taxpayers; and (2) companies participating in the Free File program protect taxpayer privacy rights and provide free tax return preparation services to state Free File programs.

Making further continuing appropriations for the fiscal year 2007, and for other purposes.

United States · United States Congress · 14 November 2006

Amends the Continuing Appropriations Resolution, 2007 (Public Law 109-289, division B) to extend until December 8, 2006, specified continuing appropriations for FY2007.

Iraq Reconstruction Accountability Act of 2006

United States · United States Congress · 13 November 2006

Iraq Reconstruction Accountability Act of 2006 - Amends the John Warner National Defense Authorization Act for Fiscal Year 2007 to change the date for termination of the Office of the Special Inspector General for Iraq Reconstruction (Office). Provides that the Office shall terminate 10 months after 80% of the funds appropriated or made available for the Iraq Relief and Reconstruction Fund have been expended. Requires the Special Inspector General, prior to the termination date of the Office, to prepare a final forensic audit report on all funds appropriated or made available to the Iraq Relief and Reconstruction Fund.

To amend the Internal Revenue Code of 1986 to impose an excise tax on any tax-exempt organization which accepts any contribution which may be used to relocate property held by the organization if the relocation is contrary to the intent of the donor of the property.

United States · United States Congress · 13 November 2006

Amends the Internal Revenue Code to impose an excise tax penalty on contributions received by a tax-exempt charitable organization used to relocate donated property contrary to the intent of the donor of such property. Allows an exemption from such penalty if a court determines that the relocation is the only viable alternative to preserve and protect the property.

REIT Investment Diversification and Empowerment Act of 2006

United States · United States Congress · 29 September 2006

REIT Investment Diversification and Empowerment Act of 2006 - Amends Internal Revenue Code provisions relating to real estate investment trusts (REITs) to: (1) treat passive foreign exchange gains attributable to overseas real estate investment as qualifying REIT income; (2) increase from 20 to 25% the the maximum value of a REIT's total assets thay may be represented by securities of one or more taxable REIT subsidiaries; (3) revise safe harbor rules for the excise tax penalty on certain REIT sales activities; (4) treat rental payments made by a health care facility to a REIT as qualifying REIT income; and (5) treat income from, and interests in, foreign-qualified REITs as qualifying REIT income and assets.

National Fuels Initiative

United States · United States Congress · 29 September 2006

National Fuels Initiative - Amends the Internal Revenue Code to modify the alcohol fuels tax credit and the alternative fuel tax credit by calculating such rates based on a formula related to the average price of a barrel of oil. Extends such credits. Eliminates the small ethanol producer tax credit. Amends the Clean Air Act to require the Secretary of Energy to promulgate regulations to ensure that each major oil company that sells gasoline in the United States through wholly-owned or branded stations provides pumps that dispense E-85 fuel at not less than a specified graduated percentage of all of its stations. Amends federal transportation law to require manufacturers of new automobiles that can operate on gasoline or diesel fuel to manufacture such automobiles by increasing percentages after model year 2007. Revises the definition of automobile to require including all automobiles up to 10,000 pounds (currently, not all automobiles up to 10,000 pounds are required to be included in the definition). Continues applying the current minimum corporate average fuel economy (CAFE) standards for non-passenger and passenger automobiles to automobiles manufactured through model year 2011, but, for passenger automobiles, adds an increase of four percent per year in such standard for model years 2009 through 2011. Requires an average fuel economy standard of 27.5 miles per gallon for all automobiles manufactured by all manufacturers for model year 2012, with an increase of four percent in the average fuel economy from the level for the prior model year for model year 2013 and beyond. Requires the average fuel economy standard in a model year for a manufacturer's domestic and foreign fleetwide passenger automobiles under calculation of average fuel economy provisions to be at least 92% of the average fuel economy projected by the Secretary for the combined domestic and foreign fleets manufactured by all manufacturers in that model year. Permits lower fuel economy standards if they are: (1) technologically unachievable; (2) materially reduce auto safety; or (3) not cost effective. Amends the Internal Revenue Code to: (1) terminate the limitation on the number of new qualified hybrid and advanced lean burn technology vehicles eligible for the alternative motor vehicle credit; and (2) allow an advanced technology motor vehicles manufacturing credit.

Home Ownership Protection Act of 2006

United States · United States Congress · 29 September 2006

Home Ownership Protection Act of 2006 - Amends the Internal Revenue Code to increase from $250,000 to $350,000 the amount of gain a taxpayer may exclude from gross income from the sale of a principal residence.

Budget Enforcement Legislative Tools Act of 2006

United States · United States Congress · 29 September 2006

Budget Enforcement Legislative Tools Act of 2006 - Amends the Congressional Budget and Impoundment Control Act of 1974 to provide for expedited consideration of certain rescissions proposed by the President of discretionary budget authority in an appropriation Act. Prohibits funds made available for obligation under this procedure from being proposed for rescission again. Sets forth requirements for: (1) the President's transmittal to Congress of a special message regarding a proposed rescission; (2) a maximum 25% ceiling on amounts subject to rescission; and (3) expedited congressional consideration of such proposal. Makes it out of order in the Senate to consider any direct spending or revenue legislation that would increase the on-budget deficit or cause an on-budget deficit for: (1) the first year or first five fiscal years covered by the most recently adopted concurrent resolution on the budget; or (2) the five fiscal years following such fiscal years. Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to retain (by eliminating the expiration of) pay-as-you-go requirements. Extends specified budget enforcement mechanisms through FY2011.

Tax Equity for School Teachers Act of 2006

United States · United States Congress · 29 September 2006

Tax Equity for School Teachers Act of 2006 - Amends the Internal Revenue Code to: (1) reinstate and revise the tax deduction for certain expenses of elementary and secondary school teachers (allowed whether or not the taxpayer itemizes other deductions); (2) make such deduction permanent; and (3) expand such deduction to include expenses for professional development and expenses related to the initial certification of qualified science, technology, engineering, or math teachers.

Tax Technical Corrections Act of 2006

United States · United States Congress · 29 September 2006

Tax Technical Corrections Act of 2006 - Makes technical and clerical corrections to the Internal Revenue Code, including corrections to provisions enacted by: (1) the Tax Increase Prevention and Reconciliation Act of 2005; (2) the Gulf Opportunity Zone Act of 2005; (3) the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users; (4) the Energy Policy Act of 2005; (5) the American Jobs Creation Act of 2004; (6) the Jobs and Growth Tax Relief Reconciliation Act of 2003; (7) the Economic Growth and Tax Relief Reconciliation Act of 2001; (8) the Tax Relief Extension Act of 1999; and (9) the Internal Revenue Service Restructuring and Reform Act of 1998.

A bill to amend the Internal Revenue Code of 1986 to allow section 1031 treatment for exchanges involving certain mutual ditch, reservoir, or irrigation company stock.

United States · United States Congress · 29 September 2006

Amends the Internal Revenue Code to allow tax-free exchanges of shares in certain mutual ditch, reservoir, or irrigation companies.

Landfill Gas Act of 2006

United States · United States Congress · 29 September 2006

Landfill Gas Act of 2006 - Amends the Internal Revenue Code to allow a business-related tax credit for the production of natural gas at a high Btu fuel facility (a facility that produces high Btu biomass fuel and is placed in service before January 1, 2012).

A bill to amend the Internal Revenue Code of 1986 to expand the resources eligible for the renewable energy credit to kinetic hydropower, and for other purposes.

United States · United States Congress · 29 September 2006

Amends the Internal Revenue Code to include kinetic hydropower as a renewable resource eligible for the tax credit for electricity produced from certain renewable resources. Defines "kinetic hydropower" as: (1) ocean free flowing water derived from flows from tidal currents, ocean currents, waves, or estuary currents; (2) ocean thermal energy; or (3) free flowing water in rivers, lakes, man made channels, or streams.