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Wool
Latest Action: 10/03/2008 - Pursuant to the provisions of H. Res. 1525, the House moved to agree to the Senate amendments. (consideration: CR H10712-10806) Bill TextA bill to provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, to 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. 10/3/2008--Public Law. (There are 6 other summaries) (This measure has not been amended since it was passed by the Senate on October 1, 2008. The summary of that version is repeated here.)Division A: Emergency Economic Stabilization - Emergency Economic Stabilization Act of 2008 - Title I: Troubled Assets Relief Program - (Sec. 101) Authorizes the Secretary of the Treasury (Secretary) to establish the Troubled Asset Relief Program (TARP) to purchase troubled assets from any financial [...] show full description
Also tagged in: Armed forces, Bonds, Business, Capital gains tax, College costs, Defense policy, Disabled, Earned income tax credit, Education, Education savings accounts, Emergency management, Expatriation, Finance, Fire fighters, Gift tax, Government life insurance, Health insurance, Health policy, Higher education, Home ownership, Housing, Housing finance, Housing subsidies, Immigration, Income tax, Individual retirement accounts, Intelligence activities, Intelligence officers, Labor, Medical care, Military housing, Military operations, Military pay, Military pensions, Military personnel, Mortgages, Peace Corps, Pensions, Small business, Social services, Survivors' benefits, Tax credits, Tax evasion, Tax exclusion, Tax penalties, Tax returns, Tax-deferred compensation plans, Taxation, Valuation, Veterans, Veterans' disability compensation, Volunteer workers, Wages, Welfare
Latest Action: 09/29/2008 - Pursuant to the provisions of H. Res. 1517, the House moved to agree to the Senate amendment to the House amendment to the Senate amendment with an amendment. (consideration: CR H10337-10411; text of Senate amendment to the House amendment to the Senate a Bill TextAn Act to amend the Internal Revenue Code of 1986 to provide tax relief and protections for military personnel, and for other purposes. 12/19/2007--Senate agreed to House amendment with amendment. (There are 4 other summaries) Defenders of Freedom Tax Relief Act of 2007 - Amends the Internal Revenue Code to provide tax relief and earnings assistance to members of the uniformed services, increase penalties for noncompliance with tax requirements, and make technical amendments and clerical corrections.Title I: Benefits for Military - (Sec. 101) Makes permanent the taxpayer election to include combat zone compensation as earned income for purposes of computing the earned income tax credit. (Sec. 102) Makes permanent the eligibility of veterans for mortgage bond financing of residences without regard to first-time homebuyer requirements. Increases to $100 million the veterans' mortgage bond limitation in Alaska, Oregon, and Wisconsin.[...] 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 exemption, Tax penalties, Tax preparers, Tax rates, 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: 09/29/2008 - Message on Senate action sent to the House. 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: Education, Education of the disadvantaged, Elementary education, Engineering, Higher education, Income tax, Infrastructure, Mathematics, School administration, School personnel, Science policy, Scientific education, Secondary education, Taxation, Teacher education, Teachers, Technical education, Technology, Tuition tax credits, Welfare
Latest Action: 01/05/2007 - Sponsor introductory remarks on measure. (CR E33) Bill TextTo amend the Internal Revenue Code of 1986 to encourage teachers to pursue teaching math and science subjects at elementary and secondary schools. 1/4/2007--Introduced. National Science Education Tax Incentive for Teachers Act of 2007 - Amends the Internal Revenue Code to allow certain full-time elementary and secondary school teachers of math, science, engineering, or technology courses a refundable tax credit for 10% of their undergraduate tuition up to $1,000 in any taxable year. Increases such credit amount to $1,500 for teachers in schools serving children with disabilities.
Also tagged in: Administrative remedies, Business, Civil liberties, Congress, Congressional oversight, Data banks, Electronic commerce, Excise tax, Intergovernmental tax relations, Internet, Interstate compacts, Judicial review, Law, Minorities, Right of privacy, Sales tax, Small business, State and local government, State government-Indian relations, State taxation, Tax administration, Tax credits, Tax rates, Tax returns, Tax simplification, Taxation, Technology, Telecommunication, Telecommunication industry
Latest Action: 05/22/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to promote simplification and fairness in the administration and collection of sales and use taxes. 5/22/2007--Introduced. Sales Tax Fairness and Simplification Act - Grants the consent of Congress to the Streamlined Sales and Use Tax Agreement (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 [...] 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 exemption, Tax rates, 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 of the Social Security Act to ensure that every uninsured child in America has health insurance coverage, and for other purposes. 1/4/2007--Introduced. Kids Come First Act of 2007 - Amends title XIX of the Social Security Act (SSA) to give states the option to receive 100% Federal Medicaid Assistance Percentages (FMAPs) for medical assistance for children in poverty in exchange for expanded coverage of children in working poor families under Medicaid (SSA title XIX) or SCHIP (SSA title XXI (State Children's Health Insurance)). Eliminates the cap on SCHIP funding for states that expand eligibility for children. Gives states the option to: (1) provide wrap-around SCHIP coverage to children who have other health coverage; (2) enroll low-income children of state employees in SCHIP; (3) provide optional coverage of legal immigrant children under Medicaid and SCHIP; and (4) provide for passive renewal of eligibility for children [...] show full description
Latest Action: 01/04/2007 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to expand the income tax forgiveness for members of the Armed Forces who die as a result of wounds, disease, or injury incurred while serving in a combat zone to include forgiveness for the last taxable year ending before the wounds, disease, or injury are incurred. 1/4/2007--Introduced. Fallen Heroes Tax Fairness Act of 2007 - Amends the Internal Revenue Code to revise provisions exempting deceased members of the Armed Forces who die from wounds, disease, or injury incurred while serving in a combat zone from income tax to extend the tax exemption to the last taxable year ending before such wounds, disease, or injury were incurred.
Also tagged in: Access to health care, Administrative procedure, Aged, Aid to dependent children, Block grants, Budgets, Business, Caregivers, Child nutrition, Children, Chronically ill, Civil rights, Communications, Community health services, Congress, Congressional reporting requirements, Consumer education, Consumer protection, Consumers, Cooperative societies, Criminal justice, Disabled, Discrimination in insurance, Discrimination in medical care, Drug abuse, Economic policy, Education, Elementary and secondary education, Employee health benefits, Excise tax, Executive departments, Families, Federal aid to child health services, Federal aid to education, Federal aid to health facilities, Finance, Fines (Penalties), Food, Food stamps, Government contractors, Government information, Government paperwork, Government procurement, Government trust funds, Grants-in-aid, Health care fraud, Health education, Health insurance, Health planning, Health policy, Higher education, Homeless, Hospital care, Hospitals, Housing, Immigrant health, Immigration, Income tax, Indexing (Economic policy), Indian medical care, Insurance premiums, Job training, Labor, Law, Legislation, Lifestyle, Long-term care, Long-term care insurance, Maternal health services, Medicaid, Medical care, Medical economics, Medical education, Medical fees, Medically uninsured, Medicare, Medicine, Mental health services, Minorities, Nonprofit organizations, Nursing, Nutrition, Obesity, Parents, Part-time employment, Performance measurement, Physical education and training, Physicians, Poor children, Pregnant women, Preventive medicine, Public contracts, Public health personnel, Quality of care, Reinsurance, Retiree health benefits, Rural affairs, Rural health, Scholarships, School health programs, School lunch program, Self-employed, Signs and symbols, Small business, Smoking, Social services, Sports, State and local government, Student loan funds, Subsidies, Tax credits, Tax deductions, Tax exclusion, Tax penalties, Tax returns, Taxation, Urban affairs, Urban areas, Welfare, Welfare eligibility, Welfare work participation, WIC program, Withholding tax, Women
Latest Action: 01/04/2007 - Sponsor introductory remarks on measure. (CR S149-150) Bill TextA bill to expand access to affordable health care and to strengthen the health care safety net and make health care services more available in rural and underserved areas. 1/4/2007--Introduced. Access to Affordable Health Care Act - Amends the Internal Revenue Code to allow: (1) tax credits to small businesses for qualified employee health insurance expenses; (2) tax credits for qualified health insurance; (3) deductions for long-term care premiums; and (4) tax credits for individuals with long-term care needs. Requires the Secretary of Labor to award grants to states to assist in planning, developing, and operating qualified small employer purchasing groups for health insurance. Directs the Small Business Administration to award grants to states, local governments, and nonprofit organizations to provide health insurance information to small employers. Requires the Secretary of Health and Human Services (the Secretary) to award demonstration grants for [...] show full description
Latest Action: 01/09/2007 - Sponsor introductory remarks on measure. (CR S285) Bill TextA bill to amend the Internal Revenue Code of 1986 to allow taxpayers to designate part or all of any income tax refund to support reservists and National Guard members. 1/9/2007--Introduced. Voluntary Support for Reservists and National Guard Members Act - Amends the Internal Revenue Code to allow taxpayers to designate that a portion (but not less than $1) of any income tax overpayment be paid over to the Reserve Income Replacement Program to benefit reservists and National Guard members.
Also tagged in: Administrative fees, Administrative procedure, Administrative remedies, Affiliated corporations, Aged, Aliens, Budgets, Business, Cost of living adjustments, Department of the Treasury, Estate tax, Executive departments, Executive reorganization, Exports, Families, Finance, Financial services, Foreign corporations, Gambling, Gift tax, Government information, Government paperwork, Government trust funds, Health policy, Hobbies, Immigration, Income tax, Insurance, Interest, Intergovernmental tax relations, Internal revenue law, Internal Revenue Service (IRS), Interstate compacts, Inventories, Labor, Law, Loan defaults, Medical care, Medicare, Old age, survivors and disability insurance, Payroll deductions, Politics and government, Poverty, Rebates, Sales tax, Small business, Social security, Social security finance, Social security taxes, Sports, State and local government, State politics and government, Tax administration, Tax auditing, Tax courts, Tax credits, Tax liens, Tax penalties, Tax returns, Tax simplification, Taxation, Taxation of foreign income, Taxpayer compliance, Taxpayers, Telecommunication, Telephone, Trade, Wages, Welfare, Withholding tax
Latest Action: 01/04/2007 - Referred to the House Committee on Ways and Means. Bill TextTo promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States. 1/4/2007--Introduced. Fair Tax Act of 2007 - Repeals the income tax, employment tax, and estate and gift tax. Redesignates the Internal Revenue Code of 1986 as the Internal Revenue Code of 2007. Imposes a national sales tax on the use or consumption in the United States of taxable property or services. Sets the sales tax rate at 23 percent in 2009, with adjustments to the rate in subsequent years. Allows exemptions from the tax for property or services purchased for business, export, or investment purposes and for state government functions. Sets forth rules relating to: (1) the collection and remittance of the sales tax; and (2) credits and refunds. Allows families a sales tax rebate.Grants states the primary authority for the collection [...] show full description
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Latest Legislation - View All
Latest Action: 09/24/2008 - DEBATE - The House proceeded with forty minutes of debate on H.R. 7005. Bill TextTo amend the Internal Revenue Code of 1986 to provide alternative minimum tax relief for individuals for 2008. 9/24/2008--Passed House without amendment. (There is 1 other summary) (This measure has not been amended since it was introduced. The summary of that version is repeated here.) Alternative Minimum Tax Relief Act of 2008 - Amends the Internal Revenue Code to extend through 2008 for individual taxpayers: (1) the offset of nonrefundable personal tax credits against regular and alternative minimum tax (AMT) liability; and (2) the increased alternative minimum tax (AMT) exemption amounts. Increases the alternative minimum tax (AMT) refundable credit amount for individuals who have long-term unused minimum tax credits from prior taxable years. Abates any underpayment of tax attributable to the application of special AMT rules for the treatment of incentive stock options.
Also tagged in: Agriculture, Alaska, Alcohol as fuel, Alternative energy sources, Automobile engines, Biomass energy, Black lung, Budgets, Building construction, Business, Carbon cycle, Carbon dioxide, Cellulose, Coal, Cogeneration of electric power and heat, Continental shelf, Damages, Depreciation and amortization, Diesel motor, Disability retirement, Disabled, Education, Electric appliances, Electric power distribution, Electric power production, Electric vehicles, Elementary and secondary education, Energy, Energy conservation, Energy efficiency, Energy facilities, Environmental protection, Excise tax, Exports, Fuel cells, Gas in submerged lands, Gas industry, Geothermal resources, Government trust funds, Greenhouse gases, Gulf of Mexico, Heat pumps, Home repair and improvement, Housing, Hydroelectric power, Incineration, Income tax, Investment tax credit, Irrigation, Law, Liability for environmental damages, Marine resources, Natural gas, Natural resources, Ocean energy resources, Oil pollution, Oil shales, Oil well drilling, Pensions, Petroleum in submerged lands, Petroleum industry, Petroleum refineries, Public lands, Recycling of waste products, Refuse as fuel, Rural affairs, Rural education, Service stations, Solar energy, Solid wastes, Tankers, Tax credits, Tax deductions, Taxation, Trade, Transportation, Trucks, Water pollution, Water resources, Wind power
Latest Action: 09/11/2008 - Sponsor introductory remarks on measure. (CR S8392) Bill Text A bill to amend the Internal Revenue Code of 1986 to provide incentives for the production of energy, to provide transportation and domestic fuel security, and to provide incentives for energy conservation and energy efficiency, and for other purposes.
Also tagged in: Bank accounts, College costs, Education, Education savings accounts, Finance, Government information, Government publicity, Higher education, Income tax, Pensions, Saving and investment, Savings bonds, Tax returns, Tax-deferred compensation plans, Taxation
Latest Action: 07/31/2008 - Read twice and referred to the Committee on Finance. Bill TextA bill to promote savings by providing a match for eligible taxpayers who contribute to savings products and to facilitate taxpayers receiving this match and open a bank account when they file their Federal income tax returns. 7/31/2008--Introduced. Saver's Bonus Act of 2007 [sic] - Directs the Secretary of the Treasury to develop programs to: (1) match deposits made by low-income individuals into certain savings accounts (saver's bonus); (2) deposit tax refunds electronically into savings accounts; and (3) allow individual taxpayers to purchase U.S. savings bonds on their federal income tax returns. Requires the Commissioner of the Internal Revenue Service (IRS) to notify low-income taxpayers of their eligibility for the saver's bonus and of their options under this Act.
Also tagged in: Agricultural research, Agriculture, Agriculture in foreign trade, Air pollution, Air pollution control, Alaska, Alcoholic beverages, Alternative energy sources, American Samoa, Automobile engines, Bicycles, Biomass energy, Bonds, Books, Budgets, Building construction, Business, Capital gains tax, Carbon dioxide, Cellulose, Charitable contributions, Children, Civil rights, Coal, Cogeneration of electric power and heat, College costs, Computers, Congress, Congressional reporting requirements, Corporation taxes, Criminal justice, Damages, Depreciation and amortization, Depressed areas, Diesel motor, Disaster relief, Discrimination in medical care, Displaced persons, District of Columbia, Dividends, Drug abuse, Drug abuse treatment, Economic development, Economic policy, Education, Educational technology, Electric appliances, Electric power distribution, Electric power production, Electric vehicles, Elementary and secondary education, Emergency housing, Emergency management, Employee health benefits, Energy, Energy conservation, Energy efficiency, Enterprise zones, Environmental protection, Excise tax, Exports, Federal aid to transportation, Finance, Fines (Penalties), Food, Foreign corporations, Foreign tax credit, Geothermal resources, Government trust funds, Governmental investigations, Greenhouse gases, Hazardous substances, Hazardous wastes, Health insurance, Health policy, Higher education, Highway finance, Housing, Humanities, Hurricanes, Hydroelectric power, Incineration, Income tax, Indian economic development, Individual retirement accounts, Interest, Inventories, Irrigation, Labor, Landfills, Law, Leases, Legal services, Local taxation, Losses, Louisiana, Marine resources, Medical care, Mental health services, Methane, Mine safety, Minimum tax, Minorities, Minority employment, Mortgages, Motion pictures, Mutual funds, Natural resources, New York City, Ocean energy resources, Oil pollution, Pensions, Puerto Rico, Railroad engineering, Recycling of waste products, Refuse as fuel, Rescue work, Research and development tax credit, Restaurants, Rural affairs, Rural education, Sales tax, School buildings, Science policy, Securities, Service stations, Small business, Solar energy, Solid wastes, Sports, Sports facilities, State and local government, State taxation, Stocks, Subsidiary corporations, Tankers, Tariff, Tax administration, Tax credits, Tax deductions, Tax exclusion, Tax exemption, Tax preparers, Tax returns, Tax-deferred compensation plans, Tax-exempt organizations, Taxation, Taxation of foreign income, Teacher education, Teachers, Technology, Television industry, Terrorism, Trade, Transportation, Travel costs, Trucks, Undercover operations, Virgin Islands, Water resources, Wind power, Wool
Latest Action: 07/30/2008 - Cloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 51 - 43. Record Vote Number: 192. (consideration: CR S7722; text: CR S7722) Bill TextA bill to amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes. 7/24/2008--Introduced. Jobs, Energy, Families, and Disaster 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 the tax credit for producing electricity from wind facilities through 2009 and the tax credit for closed and open-loop biomass, geothermal, small irrigation, hydropower, landfill gas, and trash combustion facilities through 2011. Includes marine and hydrokinetic renewable energy as a renewable resource for purposes of such tax credit. Extends the energy tax credit for solar energy and the residential energy efficient property tax credit through 2016. Extends the energy tax credits for fuel cell and microturbine property through 2017. Allows a new investment tax credit for combined heat and power system property.[...] show full description
Also tagged in: Accounting, Americans in foreign countries, Budgets, Business, Children, Corporation taxes, Customs administration, Depletion allowances, Depreciation and amortization, Energy, Finance, Financial services, Foreign corporations, Foreign policy, Foreign tax credit, Gas industry, Government contractors, Income tax, Interest, International affairs, Inventories, Oil well drilling, Pensions, Petroleum industry, Public contracts, Subsidiary corporations, Tax administration, Tax deductions, Tax evasion, Tax exclusion, Tax penalties, Tax rates, Tax returns, Tax treaties, Tax-deferred compensation plans, Taxation, Taxation of foreign income, Trade, Unemployment insurance, User charges, Valuation, Withholding tax
Latest Action: 06/19/2008 - Sponsor introductory remarks on measure. (CR S5835-5836) Bill TextA bill to amend the Internal Revenue Code of 1986 to provide relief to improve the competitiveness of United States corporations and small businesses, to eliminate tax incentives to move jobs and profits overseas, and for other purposes. 6/19/2008--Introduced. Manufacturing, Assembling, Development, and Export in the USA Tax Act or the MADE in the USA Tax Act - Amends the Internal Revenue Code to: (1) phase in a reduction in the maximum corporate income tax rate from 35 to 28% between 2009 and 2013; (2) increase the deduction for income attributable to domestic production activities and limit such deduction to business entities other than C corporations; (3) make permanent the increased expensing allowance for depreciable business property; (4) repeal certain limitations on the exclusion for the housing expenses of U.S. citizens working abroad; (5) include all foreign-source royalties in passive category income in applying the foreign tax credit limitation; (6) apply the foreign [...] show full description
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