Top Legislation - View All
Also tagged in: Administrative procedure, Air travel, Annuities, Appropriations, Armed forces, Auditing, Authorization, Bribery, Budgets, Campaign funds, Charter airlines, Communications, Conferences, Conflict of interests, Congress, Congressional agencies, Congressional allowances, Congressional caucuses, Congressional committees (House), Congressional committees (Senate), Congressional conference committees, Congressional elections, Congressional employees, Congressional ethics, Congressional information resources, Congressional investigations, Congressional leadership, Congressional office operations, Congressional officers, Congressional pensions, Congressional privileges and immunities, Congressional publications, Congressional publicity, Congressional Record, Congressional reorganization, Congressional reporting requirements, Congressional salaries, Congressional travel, Congressional voting, Conspiracy, Cost of living adjustments, Criminal justice, Data banks, Defense policy, Department of Veterans Affairs, Election candidates, Elections, Electronic data interchange, Employee training, Ex-Members of Congress, Executive departments, Families, Federal aid programs, Federal employees, Federal officials, Federal-Indian relations, Fees, Finance, Financial disclosure, Fines (Penalties), Foreign agents, Foreign policy, Fraud, Fund raising, Gifts, Government employees, Government ethics, Government information, House of Representatives, House rules and procedure, House Standards of Official Conduct, Income tax, Indian claims, Indictments, Informers, Internet, Law, Legal services, Legislation, Legislative amendments, Legislative calendars, Licenses, Lobbying, Married people, Medical care, Medicine, Members of Congress, Military law, Minorities, Misconduct in office, Money laundering, Office of Personnel Management, Parking facilities, Pensions, Perjury, Political action committees, Political conventions, Political parties, Politicians' families, Politics and government, Presidential elections, Presidents, Private aviation, Senate, Senate Ethics, Senate rules and procedure, Sports, Sports facilities, Standards, Tariff, Tax credits, Tax exclusion, Tax preferences, Tax returns, Taxation, Technology, Telecommunication, Trade, Transportation, Travel costs, Veterans, Veterans' medical care, Web sites, Witnesses
Latest Action: 09/14/2007 - Signed by President. Bill TextA bill to provide greater transparency in the legislative process. 9/14/2007--Public Law. (There are 3 other summaries) (This measure has not been amended since it was passed by the House on July 31, 2007. The summary of that version is repeated here.)Honest Leadership and Open Government Act of 2007 - Title I: Closing the Revolving Door - (Sec. 101) Amends the federal criminal code to extend from one to two years the ban on lobbying contacts by former: (1) very senior executive personnel with any Member, officer, or employee of the entity in which such person served before his or her tenure terminated; and (2) Senators with any Member, officer or employee of either chamber, or employee of any other legislative office.Continues the one-year ban on lobbying contacts by former: (1) Members of the House of Representatives with any Member, officer, or employee of either chamber, or employee of any other legislative office; (2) [...] show full description
Also tagged in: Alternative energy sources, Business, Coke industry, Depreciation and amortization, Electric vehicles, Energy, Energy conservation, Energy efficiency, Fuel cells, Fuel consumption, Gas industry, Geology, Geophysical prediction, Income tax, Natural gas vehicles, Petroleum industry, Prospecting, Service stations, Tax credits, Taxation, Transportation
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 and extend the incentives for alternative fuel vehicles and refueling property and to repeal the oil and gas production incentives added by the Energy Policy Act of 2005. 1/4/2007--Introduced. Oil and Gas-to-Alternatives Swap (OGAS) Act of 2007 - Amends the Internal Revenue Code to repeal: (1) the tax credit for facilities producing coke or coke gas-related fuel; (2) the classification of the tax credit for producing fuel from a nonconventional source as a business-related credit; (3) accelerated amortization of geological and geophysical expenditures; and (4) the limitation on the number of new qualified hybrid and advanced lean-burn technology vehicles eligible for the tax credit for alternative motor vehicles. Extends through 2012 the alternative motor vehicles tax credit for: (1) advanced lean burn technology motor vehicles; (2) qualified hybrid motor vehicles; and (3) qualified alternative fuel vehicles. Increases [...] show full description
Latest Action: 01/04/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to amend the Internal Revenue Code of 1986 to expand the permissible use of health savings accounts to include premiums for non-group high deductible health plan coverage. 1/4/2007--Introduced. Affordability in the Individual Market Act - Amends the Internal Revenue Code to allow the payment of insurance premiums for high deductible health plans from health savings accounts.
Latest Action: 01/04/2007 - Sponsor introductory remarks on measure. (CR S76) Bill TextA bill to amend the Internal Revenue Code of 1986 to repeal the reduction in the deductible portion of expenses for business meals and entertainment. 1/4/2007--Introduced. Amends the Internal Revenue Code to increase the income tax deduction for business meals and entertainment expenses from 50 to 75% of such expenses in calendar year 2007, and 80% in 2008 and thereafter.
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 exemption, 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 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
Also tagged in: Bank accounts, Business, Casualty insurance, Disaster insurance, Earthquakes, Emergency management, Finance, Floods, Income tax, Insurance companies, Law, Losses, Property insurance, Reinsurance, Storms, Taxation, Trusts and trustees, Tsunamis, Volcanoes, Water resources
Latest Action: 01/04/2007 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to provide for the creation of disaster protection funds by property and casualty insurance companies for the payment of policyholders' claims arising from future catastrophic events. 1/4/2007--Introduced. Policyholder Disaster Protection Act of 2007 - Amends the Internal Revenue Code to allow insurance companies (other than life insurance companies) to make tax deductible contributions to a tax-exempt policyholder disaster protection fund established by this Act for the payment of policyholders' claims arising from certain catastrophic events, such as windstorms, earthquakes, fires, or floods.
Latest Action: 01/05/2007 - Sponsor introductory remarks on measure. (CR E20) Bill TextTo amend the Internal Revenue Code of 1986 to make higher education more affordable by providing a full tax deduction for higher education expenses and interest on student loans. 1/4/2007--Introduced. Make College Affordable Act of 2007 - Amends the Internal Revenue Code to allow taxpayers, their spouses, dependents, and grandchildren a tax deduction from gross income for certain higher education expenses and for interest on certain student loans. Includes as higher education expenses undergraduate tuition and fees and reasonable living expenses while attending an institution of higher education.
Also tagged in: Alaska, Business, Continental shelf, Depletion allowances, Depreciation and amortization, Economic policy, Energy, Energy prices, Energy transportation, Gas in submerged lands, Gas industry, Geology, Geophysical prediction, Gulf of Mexico, Income tax, Indexing (Economic policy), Marine resources, Natural gas, Natural gas prices, Natural resources, Oil and gas leases, Oil and gas royalties, Oil well drilling, Petroleum in submerged lands, Petroleum industry, Petroleum refineries, Pipelines, Prospecting, Public lands, Taxation, Transportation
Latest Action: 01/04/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to suspend royalty relief, to repeal certain provisions of the Energy Policy Act of 2005, and to amend the Internal Revenue Code of 1986 to repeal certain tax incentives for the oil and gas industry. 1/4/2007--Introduced. Oil Subsidy Elimination for New Strategies on Energy Act or the Oil SENSE Act - Repeals provisions of the Energy Policy Act of 2005 relating to: (1) incentives for production from marginal oil wells; (2) incentives for natural gas production in the Gulf of Mexico; (3) royalty relief for deep water production; (4) Alaska offshore royalty suspension; (5) the inventory of Outer Continental Shelf oil and natural gas resources; (6) management of federal oil and gas leasing programs; and (7) ultra-deepwater and unconventional natural gas and other petroleum resources. Requires the Secretary of the Interior to: (1) suspend royalty relief for producers of oil or natural gas on federal lands during periods in which oil and natural gas production is [...] show full description
Also tagged in: College costs, Congress, Education, Education savings accounts, Higher education, Income tax, Sunset legislation, Tax exemption, Tax penalties, Tax returns, Taxation
Latest Action: 01/16/2007 - Sponsor introductory remarks on measure. (CR S572-573) Bill TextA bill to amend the Internal Revenue Code of 1986 to permanently increase the maximum annual contribution allowed to be made to Coverdell education savings accounts, and to provide for a deduction for contributions to education savings accounts. 1/4/2007--Introduced. College Savings Act of 2007 - Amends the Internal Revenue Code to: (1) increase the maximum annual contribution limit for Coverdell education savings accounts from $2,000 to $5,000 and make such increase permanent; and (2) allow a tax deduction up to $5,000 for contributions to an education savings account.
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 exclusion, Tax penalties, Tax refunds, 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
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Latest Legislation - View All
Also tagged in: Automobiles, Consumer credit, Consumers, Excise tax, Finance, Income tax, Interest, Local taxation, Sales tax, State and local government, State taxation, Taxation, Transportation
Latest Action: 11/19/2008 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to allow an above-the-line deduction against individual income tax for interest on indebtedness and for State and local sales and excise taxes with respect to the purchase of certain motor vehicles. 11/19/2008--Introduced. Amends the Internal Revenue Code to allow individual taxpayers a deduction from gross income for: (1) interest paid on indebtedness (up to $49,500) incurred after November 12, 2008, and before January 1, 2010, for the purchase of a motor vehicle (i.e., passenger automobile or light truck) with a gross vehicle weight rating of not more than 8,500 pounds; and (2) state and local sales and excise taxes imposed on the purchase of such a motor vehicle.
Also tagged in: Aged, Agricultural subsidies, Agriculture, Air force, Air pollution, Air pollution control, Airlines, Airports, Alternative energy sources, Ambulatory care, American Samoa, Animals, Aquatic ecology, Armed forces, Army, Army Corps of Engineers, Arrest, Asbestos, Automobile industry, Automobile parts, Automobiles, Aviation safety, Block grants, Border patrols, Bridges, Budgets, Business, Cattle, Census, Centers for Disease Control and Prevention (CDC), Charter schools, Child sexual abuse, Child support, Children, Clinics, Coast guard, Commodity exchanges, Commodity Futures Trading Commission, Communicable diseases, Community policing, Computer crimes, Congress, Congressional oversight, Congressional reporting requirements, Construction costs, Consumer credit, Consumers, Corporate finance, Corporate governance, Criminal justice, Cultural property, Customs administration, Dams, Defense budgets, Defense economics, Demography, Department of Agriculture, Department of Commerce, Department of Defense, Department of Education, Department of Energy, Department of Health and Human Services, Department of Homeland Security, Department of Housing and Urban Development, Department of Justice, Department of Labor, Department of the Interior, Department of the Treasury, Department of Transportation, Disabled, Disaster relief, District of Columbia, Drug abuse, Drug law enforcement, Drugs, East Asia, Economic development, Economic impact statements, Economic policy, Economic stabilization, Education, Education of the disadvantaged, Electric batteries, Electric power distribution, Elementary and secondary education, Emergency housing, Emergency management, Emergency medicine, Employee training, Energy, Energy assistance for the poor, Energy conservation, Energy efficiency, Energy prices, Energy research, Environmental protection, Environmental Protection Agency, Epidemics, Excise tax, Executive compensation, Executive departments, Families, Federal aid to education, Federal aid to housing, Federal aid to Indians, Federal aid to law enforcement, Federal aid to research, Federal aid to transportation, Federal aid to water pollution control, Federal aid to water resources development, Federal Bureau of Investigation (FBI), Federal Emergency Management Agency, Federal employees, Federal installations, Federal office buildings, Federal-Indian relations, Federally-guaranteed loans, Feeds, Fees, Finance, Fines (Penalties), Fish culture, Floods, Florida, Food, Food relief, Food safety, Foreclosure, Fuel consumption, Futures trading, General Services Administration, Geology, Golden parachutes, Government and business, Government employees, Government lending, Government procurement, Government trust funds, Guerrilla warfare, Harbors, Hazardous substances, Health policy, Higher education, Highway finance, Homeless, Housing, Housing authorities, Housing subsidies, Humanities, Hydroelectric power, Ice breaking operations, Immigration, Income tax, Independent regulatory commissions, Influenza, Information technology, Infrastructure, Inspectors general, Interest, Intergovernmental fiscal relations, Job training, Judicial officers, Labor, Latin America, Law, Legal Services Corporation, Livestock, Loans, Louisiana, Low-income housing, Maintenance and repair, Marines, Mass rapid transit, Meat inspection, Medicaid, Medical care, Medical research, Medical supplies, Medical tests, Medicine, Mexico, Military construction operations, Military dependents, Military housing, Mine wastes, Minimum wages, Minorities, Minority employment, Mississippi River, Missouri, Missouri River development, Motor vehicles, National Aeronautics and Space Administration, National forests, National Institutes of Health (NIH), National parks, National Railroad Passenger Corporation (Amtrak), Natural resources, Nature conservation, Navigation, Navy, Non-native species, Northern Mariana Islands, Nuclear facilities, Nuclear security measures, Nuclear weapons, Nutrition, Old age assistance, Park rangers, Passenger ships, Pensions, Philippines, Physical fitness, Police communication systems, Police training, Politics and government, Potable water, Prescription pricing, Preventive medicine, Protection of animals, Psychiatric hospitals, Public contracts, Public health administration, Public housing, Public lands, Public-private partnerships, Puerto Rico, Quality of care, Railroad engineering, Railroad equipment, Railroad finance, Railroad passenger traffic, Relocation, Rent, Rental housing, Reprogramming of appropriated funds, Research and development, Research centers, Restoration ecology, Revolving funds, Rivers, Road construction, Rural affairs, Rural economic development, Rural education, Rural housing, Sales tax, School buildings, Science policy, Security measures, Sex offenders, Shipbuilding, Shipyards, Shore protection, Small business, Small Business Administration, Smithsonian Institution, Smuggling, Solid wastes, Southwest (U.S.), Space activities, Space flight, Space shuttles, Special education, Sports, State and local government, State taxation, Storms, Student activities, Sugar, Supplemental appropriations, Surveys, Survivors' benefits, Tax returns, Taxation, Technology, Telecommunication, Texas, Trade, Trails, Transportation, Unemployment insurance, Uranium enrichment, Vaccines, Veterans, Veterans' benefits, Veterans' pensions, Wage surveys, Waste reduction, Waste water treatment, Water conservation, Water pollution, Water pollution control, Water resources, Water supply, Water treatment plants, Weapons systems, Welfare, WIC program, Wildlife refuges, World War II, Youth employment
Latest Action: 11/19/2008 - Sponsor introductory remarks on measure. (CR S10607) Bill Text
A bill making supplemental appropriations for job creation and preservation, infrastructure investment, and economic and energy assistance for the fiscal year ending September 30, 2009, and for other purposes.
Also tagged in: Automobiles, Consumer credit, Consumers, Excise tax, Finance, Income tax, Interest, Local taxation, Sales tax, State and local government, State taxation, Taxation, Transportation
Latest Action: 11/19/2008 - Sponsor introductory remarks on measure. (CR S10609-10610) Bill TextA bill to amend the Internal Revenue Code of 1986 to allow an above-the-line deduction against individual income tax for interest in indebtedness and for State sales and excise taxes with respect to the purchase of certain motor vehicles. 11/17/2008--Introduced. Amends the Internal Revenue Code to allow individual taxpayers a deduction from gross income for: (1) interest paid on indebtedness (up to $49,500) incurred after November 12, 2008, and before January 1, 2010, for the purchase of a motor vehicle (i.e., passenger automobile or light truck) with a gross vehicle weight rating of not more than 8,500 pounds; and (2) state and local sales and excise taxes imposed on the purchase of such a motor vehicle.
Latest Action: 10/01/2008 - Sponsor introductory remarks on measure. (CR S10338) Bill TextA bill to amend the Internal Revenue Code of 1986 to provide for the treatment of certain excessive employee remuneration, and for other purposes. 10/1/2008--Introduced. Compensation Fairness Act of 2008 - Amends the Internal Revenue Code to: (1) allow an annual inflation adjustment to the $1 million limitation on the tax deduction for employee remuneration; and (2) repeal exceptions to such limitation for remuneration payable on a commission basis and for other performance-based compensation.
Also tagged in: Administrative procedure, Air pollution, Air pollution control, Alaska, Alternative energy sources, Animals, Arctic regions, Armed forces, Collective bargaining, Congress, Continental shelf, Defense economics, Defense procurement, Department of the Interior, Easements, Energy, Energy conservation, Energy efficiency, Energy research, Environmental assessment, Environmental protection, Executive departments, Fishing, Gas in submerged lands, Government trust funds, Gulf of Mexico, Habitat conservation, Hunting, Impact aid, Income tax, Indigenous peoples, Labor, Labor contracts, Land transfers, Law, Legislation, Marine resources, Minorities, Natural resources, Oil and gas leases, Oil and gas royalties, Oil pollution, Oil shales, Oil well drilling, Petroleum in submerged lands, Petroleum reserves, Pipelines, Prospecting, Public contracts, Public lands, Research and development, Right-of-way, Science policy, State and local government, State finance, Tax credits, Taxation, Transportation, Trapping, Water pollution, Water pollution control, Water quality
Latest Action: 10/01/2008 - Sponsor introductory remarks on measure. (CR S10328-10330) Bill Text
A bill to reduce gas prices by promoting domestic energy production, alternative energy, and conservation, and for other purposes.
Also tagged in: Aged, Chronically ill, Dietary supplements, Disabled, Employee health benefits, Families, Finance, Flexible benefit plans, Food, Health insurance, Health policy, Income tax, Indian medical care, Indians, Insurance premiums, Labor, Married people, Medical care, Medical fees, Medical savings accounts, Medicare, Medicine, Minorities, Nutrition, Physical fitness, Physicians, Preventive medicine, Sports, Tax returns, Taxation, Veterans, Veterans' medical care
Latest Action: 09/26/2008 - Sponsor introductory remarks on measure. (CR S9708-9709) Bill TextA bill to amend the Internal Revenue Code of 1986 to improve access to health care through expanded health savings accounts, and for other purposes. 9/26/2008--Introduced. Family and Retirement Health Investment Act of 2008 - Amends Internal Revenue Code provisions relating to health savings accounts (HSAs) to: (1) permit holders of HSAs and their spouses who are age 55 or older to make an additional (catch-up) contribution to a joint HSA; (2) allow Medicare beneficiaries to continue to contribute to HSA accounts after reaching age 65 and to make contributions to medical savings accounts; (3) permit veterans with service-connected disabilities and Native Americans to contribute to an HSA regardless of utilization of Department of Veteran Affairs (VA) medical services or Indian Health Service or tribal medical services; (4) allow increased rollovers from flexible spending arrangements or health reimbursement arrangements into HSAs; (5) permit the payment of Medicare premiums [...] show full description
Also tagged in: Business, Corporation taxes, Electric utility rates, Energy, Energy prices, Foreign tax credit, Heating, Housing, Income tax, Natural gas, Oil well drilling, Petroleum industry, Tax credits, Tax refunds, Taxation
Latest Action: 09/24/2008 - Read twice and referred to the Committee on Finance. Bill TextA bill to amend the Internal Revenue Code of 1986 to provide a refundable credit against income tax to assist individuals with high residential energy costs, and for other purposes. 9/24/2008--Introduced. Home Energy Affordability Tax Relief Act of 2008 or the HEATR Act of 2008 - Amends the Internal Revenue Code to allow individual taxpayers an income-based refundable tax credit for residential energy costs. Limits such credit to the lesser of 33% of such costs or $500.Eliminates for major integrated oil companies: (1) the tax deduction for intangible drilling and development costs in taxable years in which the average price of crude oil is greater than $34.71 per barrel and the average price of natural gas is greater that $4.34 per 1,000 cubic feet; and (2) the tax credit for enhanced oil recovery costs in taxable years in which the average price of crude oil is greater than $34.71 per barrel. Denies such oil companies and certain producers or refiners of crude oil [...] show full description
Also tagged in: Business, Depreciation and amortization, Finance, Home offices, Housing, Income tax, Interest, Labor, Mortgages, Property tax, Self-employed, Tax returns, Taxation
Latest Action: 09/25/2008 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to simplify the deduction for use of a portion of a residence as a home office by providing an optional standard home office deduction. 9/25/2008--Introduced. Home Office Tax Deduction Simplification and Improvement Act of 2008 - Amends the Internal Revenue Code to allow a taxpayer who uses a residence to conduct a trade or business to elect a standard tax deduction equal to the product of a standard rate determined by the Secretary of the Treasury and the square footage of the portion of a residence used to conduct a trade or business (home office tax deduction). Modifies the rules for the home office tax deduction to: (1) allow a deduction for the cost of dealing with patients, clients, or customers even if they are not physically present in the home office; and (2) establish a de minimis exemption for personal use of a home office.Requires the Secretary to ensure that all self-employment tax forms and schedules separately [...] show full description
Also tagged in: Automobiles, Bonds, Business, Charitable contributions, Disaster relief, Disasters, Emergency management, Expense accounts, Finance, Hazardous substances, Hazardous wastes, Home ownership, Housing, Income tax, Losses, Low-income housing, Maintenance and repair, Refuse and refuse disposal, Solid wastes, Tax exemption, Taxation, Transportation, Travel costs, Welfare
Latest Action: 09/24/2008 - Mr. Rangel moved to suspend the rules and pass the bill. Bill TextTo amend the Internal Revenue Code of 1986 to provide disaster assistance relief. 9/24/2008--Passed House without amendment. (There is 1 other summary) (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)Disaster Tax Relief Act of 2008 - Amends the Internal Revenue Code to provide tax relief in federally declared disaster areas.(Sec. 2) Waives the 10% adjusted gross income limitation on personal casualty losses for losses sustained from a federally declared disaster occurring after December 31, 2007, and before January 1, 2012. Defines "federally declared disaster" as any disaster determined by the President to warrant federal assistance under the Robert T. Stafford Relief and Emergency Assistance Act. Increases the standard tax deduction by a taxpayer's net disaster loss (i.e., personal casualty losses in a disaster area over personal [...] show full description
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 refunds, Taxation, Trade, Transportation, Trucks, Water pollution, Water resources, Wind power
Latest Action: 09/11/2008 - Sponsor introductory remarks on measure. (CR S8392) Bill TextA 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. 9/11/2008--Introduced. Energy Independence and Investment Act of 2008 - Amends and extends Internal Revenue Code provisions relating to energy production, transportation and domestic fuel security, energy conservation and efficiency, and nuclear power.Extends through 2011 the tax credit for production of electricity from specified renewable resources, including wind energy, biomass, geothermal energy, refined coal, and hydropower. Includes marine and hydrokinetic renewable energy as a renewable resource for purposes of such tax credit. Extends through 2016 the energy tax credit for solar, fuel cell, and microturbine property and the tax credit for residential energy efficient property. Allows a new investment tax [...] show full description
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