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Latest Action: 07/15/2008 - Message on Senate action sent to the House. Bill TextA bill to provide needed housing reform and for other purposes. 4/10/2008--Passed Senate amended. (There are 2 other summaries) Foreclosure Prevention Act of 2008 - Title I: FHA Modernization Act of 2008 - FHA Modernization Act of 2008 - Subtitle A: Building American Homeownership - Building American Homeownership Act of 2008 - (Sec. 112) Amends the National Housing Act (NHA) to revise mortgage insurance eligibility requirements. Alters the respective formulas to increase the percentages of the maximum principal loan obligations applicable to family residences located in: (1) the United States; and (2) Alaska, Guam, Hawaii, or the Virgin Islands. Prohibits the maximum principal loan obligation from exceeding 100% of the appraised value of the property. (Sec. 113) Increases from 3% to 3.5% of the appraised value of a property the mortgagor's required cash (or equivalent) investment (downpayment). Prohibits any funds for such [...] show full description
Also tagged in: Air pollution, Alabama, Alcoholic beverages, Alternative energy sources, Armed forces, Biomass energy, Bonds, Books, Building construction, Business, Capital gains tax, Carbon dioxide, Cellulose, Charitable contributions, Children, Civil rights, Clean coal technology, Climate change, Coal, Coal gasification, College costs, Computers, Congress, Congressional reporting requirements, Construction costs, Corporation taxes, Criminal justice, Curricula, Defense policy, Depreciation and amortization, Diesel motor, Discrimination in insurance, Discrimination in medical care, District of Columbia, Earned income tax credit, Economic policy, Education, Education of the disadvantaged, Educational technology, Electric appliances, Electric vehicles, Elementary and secondary education, Emergency management, Employee stock options, Energy, Energy conservation, Energy efficiency, Energy industries, Enterprise zones, Environmental protection, Excise tax, Finance, Food, Foreign corporations, Foreign policy, Foreign tax credit, Fuel cells, Geothermal resources, Governmental investigations, Greenhouse gases, Health insurance, Health policy, Higher education, Home repair and improvement, Housing, Humanities, Hurricanes, Hydroelectric plants, Hydroelectric power, Incineration, Income tax, Indians, Individual retirement accounts, Interest, International affairs, Inventories, Investment tax credit, Irrigation, Labor, Landfills, Law, Leases, Legal fees, Legal services, Local taxation, Losses, Louisiana, Marine resources, Medical care, Medicine, Mental health services, Methane, Military pay, Minimum tax, Minorities, Minority employment, Mississippi, Mortgages, Motion pictures, Mutual funds, Natural resources, New York City, New York State, Ocean energy resources, Pensions, Property tax, Public-private partnerships, Puerto Rico, Railroad engineering, Refuse as fuel, Research and development tax credit, Restaurants, Science policy, Service stations, Small business, Solar energy, Solid wastes, Sports, Sports facilities, State and local government, State taxation, Stocks, Subsidiary corporations, Tax administration, Tax credits, Tax deductions, Tax evasion, Tax exclusion, Tax penalties, Tax preparers, Tax rates, Tax refunds, Tax returns, Tax-exempt organizations, Taxation, Teachers, Teaching materials, Technology, Telecommunication, Television industry, Terrorism, Trade, Transportation, Undercover operations, Urban affairs, Urban economic development, Veterans, Veterans' benefits, Water resources, Welfare
Latest Action: 06/19/2008 - Motion to proceed to measure considered in Senate. (consideration: CR S5772-5775) Bill TextTo amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes. 5/21/2008--Passed House amended. (There are 2 other summaries) (This measure has not been amended since it was reported to the House on May 20, 2008. The summary of that version is repeated here.)Renewable Energy and Job Creation Act of 2008 -Amends the Internal Revenue Code to provide tax incentives for energy production and conservation, to extend expiring tax provisions, and to extend tax benefits to individual and business taxpayers. Title I: Energy Tax Incentives - Subtitle A: Energy Production Incentives - Part I: Renewable Energy Incentives - (Sec. 101) Extends: (1) through 2009 the tax credit for producing electricity from qualified wind facilities; and (2) through 2011 the tax credits for producing electricity [...] show full description
Also tagged in: Business, Capital gains tax, Collection of accounts, Corporation taxes, Energy, Finance, Financial services, Foreign corporations, Foreign policy, Government contractors, Government information, Government paperwork, Government procurement, Income tax, International affairs, Investment advisers, Leases, Losses, Minimum tax, Natural gas, Partnerships, Petroleum, Petroleum industry, Public contracts, Rent, Tax administration, Tax credits, Tax deductions, Tax penalties, Tax returns, Tax treaties, Taxation, Taxation of foreign income, Withholding tax
Latest Action: 06/26/2008 - Received in the Senate and Read twice and referred to the Committee on Finance. Bill TextTo amend the Internal Revenue Code of 1986 to provide individuals temporary relief from the alternative minimum tax, and for other purposes. 6/17/2008--Introduced. Alternative Minimum Tax Relief Act of 2008 - Amends the Internal Revenue Code to: (1) increase and extend through 2008 the alternative minimum tax (AMT) exemption amounts; (2) extend through 2008 the offset of certain nonrefundable personal tax credits against regular and AMT tax liabilities; (3) treat net income and loss from an investment services partnership interest as ordinary income and loss; (4) deny major integrated oil companies a tax deduction for income attributable to domestic production of oil, gas, or primary products thereof; (5) limit tax treaty benefits with respect to U.S. withholding of tax requirements imposed on certain tax deductible payments made directly to a foreign parent corporation; (6) require payment settlement entities to report certain identifying information to the Internal Revenue [...] show full description
Also tagged in: Agriculture, Air conditioning, Alcohol tax, Alcoholic beverages, Alternative energy sources, American Samoa, Biomass energy, Books, Business, Capital gains tax, Charitable contributions, College costs, Corporation taxes, Criminal justice, Department of the Treasury, Depletion allowances, Depreciation and amortization, Depressed areas, Diesel motor, Economic development, Economic policy, Education, Education of the disadvantaged, Electric appliances, Electric power transmission, Electric utilities, Elementary and secondary education, Emergency management, Energy, Energy conservation, Energy efficiency, Enterprise zones, Environmental protection, Executive departments, Finance, Food, Foreign corporations, Fuel cells, Health insurance, Health policy, Heat pumps, Heating, Higher education, Holding companies, Housing, Humanities, Hurricanes, Incineration, Income tax, Indian economic development, Insurance, Internal Revenue Service (IRS), Inventories, Irrigation, Labor, Leases, Local taxation, Medical care, Military pay, Mine safety, Minimum tax, Minorities, Minority employment, Motion pictures, Mutual funds, Ocean energy resources, Pensions, Puerto Rico, Railroad engineering, Refrigeration, Refuse as fuel, Rescue work, Research and development tax credit, Restaurants, Rural affairs, Sales tax, School buildings, Science policy, Small business, Social security, Social security taxes, Solar energy, Solid wastes, Sports, State and local government, State taxation, Stocks, Subsidiary corporations, Tax administration, Tax credits, Tax deductions, Tax exclusion, Tax returns, Tax-exempt organizations, Taxation, Taxation of foreign income, Teachers, Television industry, Terrorism, Tidal power, Trade, Transportation, Undercover operations, Veterans, Virgin Islands, Water conservation, Water resources
Latest Action: 06/09/2008 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 771. Bill TextA bill to amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes. 6/6/2008--Introduced. Alternative Minimum Tax and Extenders Tax Relief Act of 2008 - Amends the Internal Revenue Code to extend expiring provisions relating to the alternative minimum tax, individual and business taxpayers, energy conservation, and tax administration. Extends through 2008 for individual taxpayers: (1) the offset of nonrefundable personal tax credits against regular and alternative minimum tax (AMT) liabilities; and (2) the increased AMT exemption amounts. Extends through 2009: (1) the election to deduct state and local sales taxes in lieu of state and local income taxes; (2) the tax deductions for qualified tuition and related expenses and for certain expenses of elementary and secondary school teachers; (3) tax-free distributions from individual retirement accounts (IRAs) for charitable purposes; and (4) tax rules for treatment of [...] show full description
Also tagged in: Agriculture, Agriculture in foreign trade, Air pollution, Alabama, Alcohol tax, Alcoholic beverages, Alternative energy sources, American Samoa, Biomass energy, Bonds, Books, Budgets, Building construction, Business, Carbon dioxide, Cellulose, Charitable contributions, Children, Climate change, Coal, Cogeneration of electric power and heat, College costs, Communications, Computers, Corporation taxes, Criminal justice, Department of the Treasury, Depreciation and amortization, Depressed areas, Diesel motor, District of Columbia, Dividends, Economic development, Economic policy, Education, Educational technology, Electric appliances, Electric power plants, Electric power production, Electric vehicles, Elementary and secondary education, Emergency management, Employee training, Energy, Energy conservation, Energy efficiency, Energy facilities, Environmental protection, Excise tax, Executive departments, Exports, Finance, Fines (Penalties), Food, Foreign corporations, Foreign policy, Foreign tax credit, Fuel cells, Geothermal resources, Government trust funds, Governmental investigations, Greenhouse gases, Higher education, Housing, Humanities, Hurricanes, Hydroelectric power, Incineration, Income tax, Indian economic development, Individual retirement accounts, Interest, Internal Revenue Service (IRS), International affairs, Inventories, Investment tax credit, Irrigation, Job training, Labor, Landfills, Law, Lawyers, Leases, Legal fees, Legal services, Liability for environmental damages, Local taxation, Losses, Louisiana, Marine resources, Methane, Mine safety, Minimum tax, Minorities, Minority employment, Mississippi, Motion pictures, Mutual funds, Natural resources, New York City, Ocean energy resources, Oil pollution, Pensions, Property tax, Puerto Rico, Railroad engineering, Refuse as fuel, Rescue work, Research and development tax credit, Restaurants, Retail trade, Rural affairs, Rural education, Sales tax, School buildings, Science policy, Service stations, Small business, Solar energy, Solid wastes, Sports, Sports facilities, State and local government, State taxation, Stocks, Subsidiary corporations, Tariff, Tax administration, Tax credits, Tax deductions, Tax exclusion, Tax penalties, Tax preparers, Tax rates, Tax refunds, Tax returns, Tax-exempt organizations, Taxation, Taxation of foreign income, Teacher education, Technology, Television industry, Terrorism, Trade, Transportation, Undercover operations, Urban affairs, Urban economic development, Virgin Islands, Wages, Water resources, Wind power, Wool
Latest Action: 06/12/2008 - Sponsor introductory remarks on measure. (CR S5595-5597) Bill TextA bill to amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes. 6/12/2008--Introduced. Energy Independence and Tax Relief Act of 2008 - Amends the Internal Revenue Code to extend various provisions relating to energy production and conservation and to individual and business-related activities.Extends through 2009 the tax credit for producing electricity from wind facilities and through 2011 for closed and open-loop biomass, geothermal, small irrigation, hydropower, landfill gas, and trash combustion facilities. Includes marine and hydrokinetic renewable energy as a renewable resource for purposes of such tax credit. Extends through 2014: (1) the energy tax credits for solar energy, fuel cell, and microturbine property; and (2) the residential energy efficient property tax credit. Allows a new investment tax credit for combined heat and power system property.Provides funding for new clean renewable energy [...] show full description
Also tagged in: Banks and banking, Bonds, Budgets, Congress, Congressional investigations, Congressional reporting requirements, Data banks, Environmental protection, Executive departments, Executive reorganization, Federal aid to housing, Federal aid to transportation, Federal aid to water resources development, Federally-guaranteed loans, Finance, Government lending, Government securities, Governmental investigations, Highway finance, Income tax, Infrastructure, Infrastructure (Economics), Mass rapid transit, Potable water, Public housing, Taxation, Technology, Transportation, Waste water treatment, Water pollution, Water resources, Water treatment plants, Welfare
Latest Action: 06/12/2008 - Committee on Banking, Housing, and Urban Affairs. Hearings held. Bill TextA bill to establish the National Infrastructure Bank to provide funding for qualified infrastructure projects, and for other purposes. 8/1/2007--Introduced. National Infrastructure Bank Act of 2007 - Establishes an independent National Infrastructure Bank to: (1) designate qualified transit, public housing, water, highway, bridge, or road infrastructure projects for loans, loan guarantees, and other financial assistance; and (2) issue general purpose and project-based infrastructure bonds exempt from state and local taxation.
Also tagged in: Admission of nonimmigrants, Agricultural labor, Agriculture, Air pollution, Alaska, Alien labor, Aluminum, American Revolution, Animals, Anniversaries, Archaeology, Arizona, Arkansas, Armed forces, Art, Astronautical accidents, Authorization, Authors and authorship, Budgets, Business, California, Canals, Civil rights, Civil rights workers, Civil war, Climate change, Coal, Coal mines and mining, Colorado, Commemorations, Congress, Congressional elections, Congressional investigations, Congressional reporting requirements, Congressional tributes, Connecticut, Copyright, Dams, Defense policy, Disabled, District of Columbia, Easements, East Asia, Ecosystem management, Eisenhower Administration, Elections, Energy, Energy conservation, Environmental protection, Environmental technology, Europe, Ex-Members of Congress, Federal advisory bodies, Federal aid to transportation, Federal aid to water resources development, Foreign policy, Geology, Government liability, Government trust funds, Governmental investigations, Greenhouse gases, Groundwater, Guam, Habitat conservation, Highway maintenance, Hispanic Americans, Historic sites, History, House of Representatives, Humanities, Hydrology, Illinois, Immigration, Indiana, Infrastructure, Intellectual property, International affairs, Iron and steel industry, Irrigation, Irrigation districts, Kansas, Kentucky, Labor, Lakes, Land transfers, Law, Libraries, Lighthouses and lightships, Lincoln Administration, Lithuania, Maryland, Massachusetts, Military bases, Military history, Military parks, Minesweeping, Minorities, Missouri, Missouri River development, Monuments and memorials, Museums, Music, Names, National forests, National Guard, National monuments, National parks, Natural areas, Natural resources, Nebraska, Nevada, New Jersey, New Mexico, New York City, New York State, Non-native species, North Carolina, Northern Mariana Islands, Ohio, Oregon, Palau Islands, Pipelines, Presidents, Public contracts, Public lands, Railroads, Restoration ecology, Saline waters, Security measures, Slavery, South Carolina, Space activities, Space shuttles, Sports, Steel, Subcontractors, Taiwan, Taxation, Technological innovations, Technology, Technology transfer, Tennessee, Texas, Trails, Transportation, Treaties, Turkey, Utah, Vermont, Veterans, Virginia, Visas, Warships, Washington State, Water resources, Water resources development, Water reuse, Water supply, Water treatment plants, Watersheds, Weapons systems, West (U.S.), West Virginia, Wetlands, Wild rivers, Wilderness areas, Wildlife, Wyoming
Latest Action: 06/11/2008 - Indefinitely postponed by Senate by Unanimous Consent. (consideration: CR S5530) Bill TextA bill to authorize certain programs and activities in the Forest Service, the Department of the Interior, and the Department of Energy, and for other purposes. 12/13/2007--Introduced. National Forests, Parks, Public Land, and Reclamation Projects Authorization Act of 2007 - Authorizes specified programs and activities in the Department of the Interior, the Forest Service, and the Department of Energy concerning, among other things, land conveyances, boundary adjustments, studies, memorials, commissions, and museums, national park natural resource protection, national trails and rivers, national heritage areas, and advanced energy technology transfer centers. Sets forth provisions concerning the Northern Mariana Islands.Makes amendments to various public laws, including the National Trails System Act, the Wild and Scenic Rivers Act, the National Underground Railroad Network to Freedom Act of 1998, the Omnibus Parks and Public Lands Management Act of 1996, the Oregon [...] show full description
Also tagged in: Admission of nonimmigrants, Agricultural labor, Agriculture, Air pollution, Alaska, Alien labor, Aluminum, American Revolution, Animals, Anniversaries, Archaeology, Arizona, Arkansas, Armed forces, Art, Astronautical accidents, Authorization, Authors and authorship, Budgets, Business, California, Canals, Civil rights, Civil rights workers, Civil war, Climate change, Coal, Colorado, Commemorations, Congress, Congressional elections, Congressional investigations, Congressional reporting requirements, Congressional tributes, Connecticut, Copyright, Dams, Defense policy, Disabled, District of Columbia, Easements, East Asia, Ecosystem management, Eisenhower Administration, Elections, Energy, Energy conservation, Environmental protection, Environmental technology, Europe, Ex-Members of Congress, Federal advisory bodies, Federal aid to transportation, Federal aid to water resources development, Foreign policy, Geology, Government liability, Government trust funds, Governmental investigations, Greenhouse gases, Groundwater, Guam, Habitat conservation, Highway maintenance, Hispanic Americans, Historic sites, History, House of Representatives, Humanities, Hydrology, Illinois, Immigration, Indiana, Infrastructure, Intellectual property, International affairs, Iron and steel industry, Irrigation, Irrigation districts, Kansas, Kentucky, Labor, Lakes, Land transfers, Law, Libraries, Lighthouses and lightships, Lincoln Administration, Lithuania, Maryland, Massachusetts, Military bases, Military history, Military parks, Minesweeping, Minorities, Missouri, Missouri River development, Monuments and memorials, Museums, Music, Names, National forests, National Guard, National monuments, National parks, Natural areas, Natural resources, Nebraska, Nevada, New Jersey, New Mexico, New York City, New York State, Non-native species, North Carolina, Northern Mariana Islands, Ohio, Oregon, Palau Islands, Pipelines, Presidents, Public contracts, Public lands, Railroads, Restoration ecology, Saline waters, Security measures, Slavery, South Carolina, Space activities, Space shuttles, Sports, Steel, Subcontractors, Taiwan, Taxation, Technological innovations, Technology, Technology transfer, Tennessee, Texas, Trails, Transportation, Treaties, Turkey, Utah, Vermont, Veterans, Virginia, Visas, Warships, Washington State, Water resources, Water resources development, Water reuse, Water supply, Water treatment plants, Watersheds, Weapons systems, West (U.S.), West Virginia, Wetlands, Wild rivers, Wilderness areas, Wildlife, Wyoming
Latest Action: 06/11/2008 - Indefinitely postponed by Senate by Unanimous Consent. (consideration: CR S5530) Bill TextA bill to authorize certain programs and activities in the Forest Service, the Department of the Interior, and the Department of Energy, and for other purposes. 2/8/2008--Introduced. National Forests, Parks, Public Land, and Reclamation Projects Authorization Act of 2008 - Authorizes specified programs and activities in the Department of the Interior, the Forest Service, and the Department of Energy concerning, among other things, land conveyances, boundary adjustments, studies, memorials, commissions, and museums, national park natural resource protection, national trails and rivers, national heritage areas, and advanced energy technology transfer centers. Sets forth provisions concerning the Northern Mariana Islands. Makes amendments to various public laws, including the National Trails System Act, the Wild and Scenic Rivers Act, the National Underground Railroad Network to Freedom Act of 1998, the Omnibus Parks and Public Lands Management Act of 1996, the Oregon [...] show full description
Also tagged in: Armed forces, Defense policy, Ex-prisoners of war, Families, History, Income tax, Labor, Married people, Merchant marine, Merchant seamen, Pensions, Survivors' benefits, Taxation, Transportation, Veterans, Veterans' pensions, World War II
Latest Action: 09/05/2007 - Received in the Senate and Read twice and referred to the Committee on Veterans' Affairs. Bill TextA bill to amend title 38, United States Code, to direct the Secretary of Veterans Affairs to establish the Merchant Mariner Equity Compensation Fund to provide benefits to certain individuals who served in the United States merchant marine (including the Army Transport Service and the Naval Transport Service) during World War II. 7/30/2007--Passed House amended. (There are 2 other summaries) (This measure has not been amended since it was reported to the House on July 27, 2007. The summary of that version is repeated here.) Belated Thank You to the Merchant Mariners of World War II Act of 2007 - Establishes in the Treasury the Merchant Mariner Equity Compensation Fund for payments by the Secretary of Veterans Affairs of a monthly benefit of $1,000 to each individual who, between December 7, 1941, and December 31, 1946, was a documented member of the U.S. merchant marine (including the Army Transport Service and the Naval Transport Service) [...] show full description
Also tagged in: Aliens, Appropriations, Budgets, Children, Economic policy, Employee health benefits, Federal aid to child health services, Finance, Government employees, Government information, Government paperwork, Health insurance, Health policy, Immigrant health, Immigration, Income, Income tax, Insurance premiums, Intergovernmental fiscal relations, Labor, Medicaid, Medical care, Medical savings accounts, Medically uninsured, Poor children, State and local government, State employees, Tax credits, Tax deductions, Tax rates, Tax refunds, Tax returns, Taxation, Welfare, Welfare eligibility
Latest Action: 06/27/2007 - Sponsor introductory remarks on measure. (CR S8616-8617) Bill TextA bill to amend titles XIX and XXI | |
