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Also tagged in: Bank accounts, Congress, Education, Education savings accounts, Finance, Higher education, Housing, Housing finance, Income tax, Individual retirement accounts, Law, Names, Pensions, Sunset legislation, Tax exclusion, Taxation, Trusts and trustees
Latest Action: 04/16/2007 - Sponsor introductory remarks on measure. (CR H3384) Bill TextTo amend the Internal Revenue Code of 1986 to improve and expand education savings accounts. 1/4/2007--Introduced. 401Kids Family Savings Act of 2007 - Amends the Economic Growth and Tax Relief Reconciliation Act of 2001 to extend through 2015 provisions allowing increased annual contributions to Coverdell education savings accounts. Amends the Internal Revenue Code to: (1) allow tax-free distributions from a Coverdell education savings account for first-time homebuyer expenses; (2) permit rollovers from Coverdell education savings accounts to Roth individual retirement accounts (Roth IRAs); and (3) rename Coverdell education savings accounts as 401Kids Savings Accounts.
Also tagged in: Budgets, Communications, Criminal justice, Education, Elementary and secondary education, Emergency management, Executive departments, Federal Emergency Management Agency, Federal employees, Federal law enforcement officers, Federally-guaranteed loans, Finance, Fire fighters, Government employees, Government information, Government property, Government publicity, Housing, Housing subsidies, Law enforcement officers, Medical care, Medicine, Mortgage guaranty insurance, Mortgages, Paramedical personnel, Police, Public service advertising, Teachers
Latest Action: 03/16/2007 - Referred to the Subcommittee on Housing and Community Opportunity. Bill TextTo assist teachers and public safety officers in obtaining affordable housing. 1/4/2007--Introduced. Community Partners Next Door Act of 2007 - Amends the National Housing Act to provide: (1) a 50% discount for teachers, teacher assistants, administrators, and public safety officers purchasing certain eligible asset properties for use as their primary residence; (2) a $100 downpayment on any related insured mortgage; and (3) a higher Federal Housing Administration (FHA) loan limit for such purchases in high-cost areas. Authorizes such sales directly to a qualifying individual or to a unit of local government or a nonprofit organization for resale to such individual. Directs the Secretary of Housing and Urban Development (HUD) to carry out a program to inform teachers and public safety officers about such program.
Also tagged in: Capital gains tax, Families, Housing, Housing finance, Income tax, Survivors' benefits, Tax exclusion, Taxation, Widowers, Widows, Women
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 apply the joint return limitation for capital gains exclusion to certain post-marriage sales of principal residences by surviving spouses. 1/4/2007--Introduced. 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.
Latest Action: 06/25/2007 - Mr. Donnelly moved to suspend the rules and agree to the resolution. Bill TextRecognizing National Homeownership Month and the importance of homeownership in the United States. 6/25/2007--Passed House amended. (There is 1 other summary) Supports the goals and ideals of National Homeownership Month (June 2007). Recognizes the importance of homeownership in building strong communities and families.
Also tagged in: Accounting, Administrative fees, Apartment houses, Architecture, Building construction, Commemorations, Condominium (Housing), Cooperative housing, Depressed areas, Economic policy, Enterprise zones, Finance, Historic sites, History, Home repair and improvement, Housing, Humanities, Income tax, Investment tax credit, Law, Low-income housing, Mortgage banks, Mortgage interest rates, Mortgages, Natural resources, Public lands, Rental housing, Tax credits, Tax exclusion, Taxation, Urban affairs, Valuation, Welfare
Latest Action: 02/05/2007 - Sponsor introductory remarks on measure. (CR H1155) Bill TextTo amend the Internal Revenue Code of 1986 to expand the incentives for the rehabilitation of older buildings, including owner-occupied residences. 1/22/2007--Introduced. Preserve Historic America Act of 2007 - Amends the Internal Revenue Code to modify the tax credit for rehabilitation of older and historic buildings by: (1) increasing from 20 to 25% the tax credit rate for certified historic structure rehabilitation expenditures; (2) permitting a building at least 50 years old to qualify for the rehabilitation tax credit (currently, a building must have been placed in service before 1936); (3) permitting qualified rehabilitated buildings to be used for lodging purposes; (4) limiting to 50% the basis reduction for buildings qualifying for the low-income housing and rehabilitation tax credits; (5) allowing an increased rehabilitation tax credit for certain buildings in difficult development areas or which qualify as small rehabilitation projects; (6) exempting tax credits [...] show full description
Also tagged in: Administrative remedies, Authorization, Budgets, Capital gains tax, Charitable contributions, Congress, Congressional reporting requirements, Dismissal of employees, Electronic mail systems, Employee rights, Executive departments, Federal advisory bodies, Finance, Foreign policy, Fund raising, Government employees, Government employees' health insurance, Government information, Government paperwork, Government publications, Grants-in-aid, Health insurance continuation, Health policy, Housing, Housing finance, Income tax, International affairs, Internet, Law, Medical care, Medical screening, Medicine, Misconduct in office, National service, Nongovernmental organizations, Nonprofit organizations, Peace Corps, Personal budgets, Politics and government, Recruiting of employees, Retiree health benefits, Social services, Tax deductions, Tax exclusion, Technology, Telecommunication, Volunteer workers, Web sites, Whistle blowing
Latest Action: 07/25/2007 - Subcommittee on Western Hemisphere, Peace Corps and Narcotics Affairs. Date of scheduled hearing. SD-419. 9:30 a.m. Bill TextA bill to empower Peace Corps volunteers, and for other purposes. 3/1/2007--Introduced. Peace Corps Volunteer Empowerment Act - Authorizes appropriations for seed funding for Peace Corps volunteers to carry out approved demonstration projects. Authorizes charitable fundraising by Peace Corps volunteers. Requires the Director of the Peace Corps to: (1) award grants to private nonprofit corporations and returned Peace Corps volunteers to enable such volunteers to to develop programs and projects in the United States to promote Peace Corps goals; (2) increase the number of Peace Corps volunteers with at least five years of relevant work experience, and establish FY2008-FY2010 experienced volunteer demonstration programs in at least 20 countries; (3) establish a electronic system for promoting improved communication among Peace Corps volunteers and staff; (4) provide for volunteer input in senior staff and program reviews; (5) review the Peace Corps medical screening [...] show full description
Also tagged in: Executive departments, Federal advisory bodies, Housing, Housing authorities, Housing subsidies, Job training, Low-income housing, Performance measurement, Public contracts, Public housing, Rent, Welfare, Welfare work participation
Latest Action: 03/07/2007 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextA bill to authorize the Moving to Work Charter program to enable public housing agencies to improve the effectiveness of Federal housing assistance, and for other purposes. 3/7/2007--Introduced. Moving to Work Charter Program Act of 2007 - Directs the Secretary of Housing and Urban Development to enter into charter contracts, beginning in FY2008, with up to 250 public housing agencies administering the public housing program or the section 8 housing assistance program under the United States Housing Act of 1937. States that such charter contracts shall: (1) supersede and have a term commensurate with any annual contributions contract between a public housing agency and the Secretary; and (2) provide that a participating public housing agency shall receive capital and operating assistance allocated to it under specified laws. Exempts charter contracts from the requirements of the United States Housing Act of 1937, except those for payment of wages prevailing [...] show full description
Also tagged in: Bank accounts, Bank records, Capital, College costs, Community development banking, Congress, Congressional reporting requirements, Education, Federal aid to Indians, Fees, Finance, Government information, Government paperwork, Grants-in-aid, Higher education, Housing, Housing finance, Income tax, Minorities, Nonprofit organizations, Personal budgets, Rural affairs, Saving and investment, Social services, Tax credits, Tax exclusion, Tax exemption, Taxation, Welfare, Welfare eligibility
Latest Action: 02/07/2007 - Referred to the House Committee on Ways and Means. Bill TextTo establish and provide for the treatment of Individual Development Accounts, and for other purposes. 2/7/2007--Introduced. Savings for Working Families Act of 2007 - Allows certain low-income individuals between age 18 and 61 to establish tax-exempt individual development accounts (IDAs) to pay for certain qualified expenses, including education expenses, first-time homebuyer costs, and business capitalization or expansion costs. Sets forth rules for the establishment, maintenance, and termination of IDAs. Permits tax-free withdrawals from IDAs for qualified expenses, but requires IDA beneficiaries to complete one or more financial education courses prior to making an IDA withdrawal.Allows certain financial institutions, tax-exempt organizations, and Indian tribes to sponsor and administer IDAs. Amends the Internal Revenue Code to allow such entities a business-related tax credit for the cost of administering IDAs and for making matching contributions to IDAs in parallel [...] show full description
Also tagged in: Bank accounts, Bank records, Capital, College costs, Community development banking, Congress, Congressional reporting requirements, Education, Federal aid to Indians, Fees, Finance, Government information, Government paperwork, Grants-in-aid, Higher education, Housing, Housing finance, Income tax, Minorities, Nonprofit organizations, Personal budgets, Rural affairs, Saving and investment, Social services, Tax credits, Tax exclusion, Tax exemption, Taxation, Welfare, Welfare eligibility
Latest Action: 03/14/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to establish and provide for the treatment of Individual Development Accounts, and for other purposes. 3/14/2007--Introduced. Savings for Working Families Act of 2007 - Allows certain low-income individuals between age 18 and 61 to establish tax-exempt individual development accounts (IDAs) to pay for certain qualified expenses, including education expenses, first-time homebuyer costs, and business capitalization or expansion costs. Sets forth rules for the establishment, maintenance, and termination of IDAs. Permits tax-free withdrawals from IDAs for qualified expenses, but requires IDA beneficiaries to complete one or more financial education courses prior to making an IDA withdrawal.Allows certain financial institutions, tax-exempt organizations, and Indian tribes to sponsor and administer IDAs. Amends the Internal Revenue Code to allow such entities a business-related tax credit for the cost of administering IDAs and for making matching contributions to IDAs [...] show full description
Also tagged in: Block grants, Budgets, Business, Business education, Capital gains tax, Community development, Economic policy, Education, Entrepreneurs, Finance, Government lending, Grants-in-aid, Higher education, Housing, Housing finance, Income tax, Infrastructure, Job training, Labor, Loans, Losses, Marketing, Rural affairs, Rural economic development, Rural education, Scholarships, Small business, State and local government, Student loan funds, Tax credits, Tax deductions, Tax exclusion, Taxation, Wages
Latest Action: 03/29/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to create investment opportunities for rural families and access to credit for rural entrepreneurs and microenterprises, to support rural regional investment, and for other purposes. 3/29/2007--Introduced. Rural Investment to Strengthen our Economy Act of 2007 or Rural RISE Act - Amends the Internal Revenue Code to: (1) allow a capital loss deduction with respect to the sale or exchange of a principal residence in certain rural areas; and (2) expand the work opportunity tax credit to include a qualified small business employee as a targeted group member. Authorizes the Secretary of Education to carry out a program for the forgiveness of student loans for certain rural students who obtain a degree. Amends the Consolidated Farm and Rural Development Act to direct the Secretary of Agriculture to establish a: (1) rural entrepreneurship and microenterprise program; and (2) rural regional entrepreneurship program. Requires the Secretary of Labor to award [...] show full description
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Latest Legislation - View All
Also tagged in: Aged, Agricultural colleges, Agricultural extension work, Agriculture, Air pollution, Block grants, Budgets, Building construction, Building laws, Building materials, Carbon monoxide, Child health, Children, Communications, Community development, Consumer education, Consumer goods, Consumers, Disaster relief, Education, Emergency housing, Emergency management, Energy, Energy assistance for the poor, Energy conservation, Energy efficiency, Environmental health, Environmental monitoring, Environmental protection, Federal aid to education, Federal aid to housing, Government information, Government publicity, Governmental investigations, Hazardous substances, Health surveys, Higher education, Home repair and improvement, Housing, Housing for the aged, Indoor air pollution, Infrastructure, Integrated pest management, Labeling, Lead, Lead poisoning, Low-income housing, Medical care, Medical research, Medical statistics, Medicine, Paints and varnishes, Preventive medicine, Public service advertising, Residential rehabilitation, Rural affairs, Rural housing, Science policy, State and local government, Welfare
Latest Action: 09/29/2008 - Sponsor introductory remarks on measure. (CR S10074-10075) Bill Text
A bill to improve research on health hazards in housing, to enhance the capacity of programs to reduce such hazards, to require outreach, and for other purposes.
Also tagged in: Automobiles, Bonds, Business, Charitable contributions, Disaster relief, Disasters, Emergency management, Expense accounts, Finance, Hazardous substances, Hazardous wastes, Housing, Income tax, Losses, Low-income housing, Maintenance and repair, Refuse and refuse disposal, Solid wastes, Tax deductions, 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: Air force, Alaska, American Battle Monuments Commission, Appellate courts, Appropriations, Arab countries, Armed forces, Armed forces reserves, Army, Boundaries, Budgets, Building construction, Business, Buy American, Chemical warfare, Civil liberties, Colorado, Commemorations, Congress, Congress and military policy, Congressional oversight, Congressional reporting requirements, Cost plus contracts, Courts of special jurisdiction, Defense budgets, Defense burdensharing, Defense contracts, Defense economics, Defense policy, Defense procurement, Department of Defense, Department of Veterans Affairs, Diabetes, Disabled, East Asia, Electronic commerce, Eminent domain, Europe, Executive departments, Families, Federal aid to health facilities, Federally-guaranteed loans, Finance, Government contractors, Government information, Government insurance, Government procurement, Government trust funds, Health policy, Home repair and improvement, Homeless, Housing, Indian housing, Indian medical care, Indians, Information technology, Infrastructure, Inspectors general, International finance, Iron and steel industry, Japan, Job training, Joint ventures, Land transfers, Law, Leases, Lobbying, Marines, Marshall Islands, Medical care, Medical research, Medical supplies, Medicine, Members of Congress, Middle East and North Africa, Military base closures, Military bases, Military cemeteries and funerals, Military construction operations, Military dependents, Military housing, Military maneuvers, Minorities, Mortgages, Names, National Guard, NATO military forces, Natural resources, Navy, Nursing homes, Oceania, Pensions, Politics and government, Property tax, Prosthesis, Public contracts, Public lands, Reprogramming of appropriated funds, Research and development, Road construction, Rural health, Science policy, Soldiers' homes, Steel, Survivors' benefits, Taxation, Technology, Telecommunication, Trade, Transportation, Veterans, Veterans' benefits, Veterans' hospitals, Veterans' medical care, Veterans' pensions, Veterans' rehabilitation, Vocational rehabilitation, Weapons systems
Latest Action: 09/08/2008 - Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 945. Bill TextMaking appropriations for military construction, the Department of Veterans Affairs, and related agencies for the fiscal year ending September 30, 2009, and for other purposes. 8/1/2008--Passed House amended. (There are 2 other summaries) Military Construction and Veterans Affairs Appropriations Act, 2009 - Title I: Department of Defense - Appropriates funds for FY2009 for the Department of Defense (DOD) for: (1) military construction for the Army, Navy and Marine Corps, and Air Force (military departments), DOD, the Army and Air National Guard, and the Army, Navy, and Air Force reserves; (2) the North Atlantic Treaty Organization (NATO) Security Investment Program; (3) family housing construction and related operation and maintenance for the military departments and DOD; (4) the Department of Defense Family Housing Improvement Fund; (5) the Homeowners Assistance Fund; (6) chemical demilitarization construction; and (7) the Department of Defense [...] show full description
Also tagged in: Air force, Ambulatory care, American Battle Monuments Commission, Appellate courts, Appropriations, Armed forces, Armed forces reserves, Armed Forces Retirement Home, Arms control, Army, Brain, Budgets, Chemical warfare, Claims, Commemorations, Congress, Congress and military policy, Congressional oversight, Congressional reporting requirements, Construction costs, Defense budgets, Defense burdensharing, Defense contracts, Defense economics, Defense policy, Department of Defense, Department of Veterans Affairs, Disability evaluation, Disabled, District of Columbia, Europe, Executive departments, Families, Finance, Foreign exchange, France, Government contractors, Government lending, Government life insurance, Government trust funds, Grants-in-aid, Head injuries, History, Homeless, Hospital care, Housing, Indians, Information technology, Inspectors general, International finance, Iraq compilation, Law, Long-term care, Marines, Medical care, Medical research, Medicine, Mental health services, Military aviation, Military base closures, Military bases, Military cemeteries and funerals, Military construction operations, Military dependents, Military housing, Military maneuvers, Minorities, Mississippi, Monuments and memorials, National Guard, NATO military forces, Navy, Pensions, Politics and government, Post-traumatic stress disorder, Prosthesis, Psychologists, Public contracts, Reprogramming of appropriated funds, Rescission of appropriated funds, Science policy, Soldiers' homes, Survivors' benefits, Technology, Texas, Veterans, Veterans' benefits, Veterans' disability compensation, Veterans' hospitals, Veterans' loans, Veterans' medical care, Veterans' pensions, Veterans' rehabilitation, Vocational rehabilitation, War casualties, Weapons systems, Welfare, World War I
Latest Action: 07/22/2008 - Committee on Appropriations. Original measure reported to Senate by Senator Johnson. With written report No. 110-428. Bill TextAn original bill making appropriations for military construction, the Department of Veterans Affairs, and related agencies for the fiscal year ending September 30, 2009, and for other purposes. 7/22/2008--Reported to Senate 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.) Military Construction and Veterans Affairs and Related Agencies Appropriations Act, 2009 - Title I: Department of Defense - Appropriates funds for FY2009 for the Department of Defense (DOD) for: (1) military construction for the Army, Navy and Marine Corps, and Air Force (military departments), DOD, the Army and Air National Guard, and the Army, Navy, and Air Force reserves; (2) the North Atlantic Treaty Organization (NATO) Security Investment Program; (3) family housing and related operation and maintenance for the military departments [...] show full description
Also tagged in: Aged, AIDS (Disease), Airlines, Airports, Alaska, Appalachia, Appropriations, Architectural and Transportation Barriers Compliance Board, Architecture and the disabled, Block grants, Bridges, Budgets, Business, Capital investments, Civil rights, Civil rights enforcement, Communications, Community development, Congress, Congressional oversight, Congressional reporting requirements, Counseling, Department of Housing and Urban Development, Department of Transportation, Disabled, Driver licenses, Economic policy, Education, Emergency management, English language, Environmental protection, Executive departments, Fair housing, Federal aid to housing, Federal aid to research, Federal aid to transportation, Federal Maritime Commission, Federally-guaranteed loans, Fees, Finance, Foreclosure, Government corporations, Government trust funds, Harbors, Hawaiians, Hazardous substances, Higher education, Highway finance, Homeless, Housing, Housing for the aged, Housing for the disabled, Housing subsidies, Human immunodeficiency viruses, Independent regulatory commissions, Indian housing, Infrastructure, Inspectors general, Interagency Council on Homelessness, Labor, Law, Lead poisoning, Liability for environmental damages, Loan defaults, Low-income housing, Marine safety, Mass rapid transit, Medical care, Medicine, Minorities, Minority business enterprises, Mobile homes, Mortgage guaranty insurance, Mortgages, National Railroad Passenger Corporation (Amtrak), National Transportation Safety Board, Neighborhood Reinvestment Corporation, Oil pollution, Pipelines, Policy sciences, Politics and government, Public contracts, Public housing, Railroad commuting traffic, Railroad employees, Railroad engineering, Railroad equipment, Railroad finance, Railroad passenger traffic, Railroad safety, Railroads, Relocation, Rent, Rental housing, Rescission of appropriated funds, Research and development, Research centers, Residential rehabilitation, Road construction, Rural affairs, Rural economic development, Rural housing, Saint Lawrence Seaway Development Corporation, Science policy, Secondary mortgage market, Security measures, Shipbuilding, Shipyards, Social services, State and local government, Surface Transportation Board, Traffic accidents and safety, Traffic congestion, Traffic engineering, Transportation, Transportation of hazardous substances, Transportation planning, Transportation research, Truck drivers, Trucking, Veterans, Welfare
Latest Action: 07/14/2008 - Committee on Appropriations. Original measure reported to Senate by Senator Murray. With written report No. 110-418. Bill TextAn original bill making appropriations for the Departments of Transportation and Housing and Urban Development, and related agencies for the fiscal year ending September 30, 2009, and for other purposes. 7/14/2008--Reported to Senate 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.) Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2009 - Title I: Department of Transportation - Makes appropriations for FY2009 to the Department of Transportation (DOT), including: (1) the Office of the Secretary; (2) the Federal Aviation Administration (FAA); (3) the Federal Highway Administration; (4) the Federal Motor Carrier Safety Administration; (5) the National Highway Traffic Safety Administration (NHTSA); (6) the Federal Railroad Administration; (7) the Federal Transit Administration [...] show full description
Latest Action: 06/26/2008 - Referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S6298) Bill TextA concurrent resolution recognizing the importance of homeownership for Americans. 6/26/2008--Introduced. Expresses the sense of Congress that: (1) everyone in the United States should have a decent home in which to live; (2) Members of Congress should demonstrate the importance of volunteerism; (3) during the 110th, 111th, and 112th Congresses, Members are encouraged to participate in Congress Building America, a program in which congressional delegations work with Habitat for Humanity affiliates to build homes in their districts and states; and (4) these occasions should be used to emphasize and focus on the importance of providing decent homes for all people in the United States.
Latest Action: 06/26/2008 - Referred to the House Committee on Financial Services. Bill TextRecognizing the importance of homeownership for Americans. 6/26/2008--Introduced. Expresses the sense of Congress that: (1) everyone in the United States should have a decent home in which to live; (2) Members of Congress should demonstrate the importance of volunteerism; (3) during the 110th, 111th, and 112th Congresses, Members are encouraged to participate in Congress Building America, a program in which congressional delegations work with Habitat for Humanity affiliates to build homes in their districts and states; and (4) these occasions should be used to emphasize and focus on the importance of providing decent homes for all people in the United States.
Also tagged in: Alternative energy sources, Authorization, Banks and banking, Biomass energy, Bonds, Budgets, Children, Corporations, Depreciation and amortization, Diesel motor, Dislocated workers, Economic policy, Electric power production, Energy, Energy conservation, Energy efficiency, Energy prices, Environmental protection, Finance, Food, Foreclosure, Geothermal resources, Governmental investigations, Heating, Housing, Incineration, Income tax, Infrastructure, Infrastructure (Economics), Interstate highway system, Irrigation, Job training, Labor, Mortgages, Municipal solid waste, Refuse as fuel, Restaurants, Single family housing, Solar energy, Solid wastes, Standards, Tax credits, Tax deductions, Taxation, Transportation, Trucks, Water resources, Wind power, Youth employment
Latest Action: 06/12/2008 - Sponsor introductory remarks on measure. (CR S5594-5595) Bill TextA bill to stimulate the economy by encouraging energy efficiency, infrastructure and workforce investment, and homeownership retention, and by amending the Internal Revenue Code of 1986 to provide certain business tax relief and incentives, and for other purposes. 6/12/2008--Introduced. Economic Recovery Act of 2008 - Amends the Internal Revenue Code to: (1) allow a tax credit for up to $500 of the cost of replacing wood stoves in residences with stoves that meet certain energy efficiency standards; (2) extend through 2011 the tax credit for producing electricity from certain renewable resources; (3) extend through 2012 the tax credit for residential energy efficient property expenditures; (4) increase and make permanent the expensing allowance for depreciable business property; (5) extend through 2009 the accelerated depreciation of qualified restaurant property; and (6) allow a tax credit for investment in Build America bonds.Amends the Energy Conservation and Production [...] show full description
Latest Action: 06/26/2008 - Considered as unfinished business. (consideration: CR H6121) Bill TextRecognizing National Homeownership Month and the importance of homeownership in the United States. 6/26/2008--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.) Supports the goals and ideals of National Homeownership Month (June 2008). Recognizes the importance of homeownership in building strong communities and families.
Also tagged in: Aged, Annuities, Armed forces, Armed forces reserves, Blind, Bonds, Business, Capital gains tax, Defense policy, Disabled, Earned income tax credit, Earnings, Education, Education savings accounts, Emergency management, Employee health benefits, Executive departments, Expatriation, Families, Finance, Fire fighters, Flexible benefit plans, Foreign corporations, Government contractors, Government employees, Government information, Government service contracts, Health policy, Higher education, Housing, Housing finance, Identification devices, Immigration, Income tax, Individual retirement accounts, Intelligence activities, Intelligence community staff, Labor, Life insurance, Medical care, Mental health services, Military dependents, Military pay, Military personnel, Mortgages, National service, Peace Corps, Pensions, Public contracts, Social security, Social security taxes, Social services, Subsidiary corporations, Supplemental security income program, Survivors' benefits, Tax credits, Tax deferral, Tax evasion, Tax exclusion, Tax penalties, Tax rebates, Tax refunds, Tax returns, Tax-deferred compensation plans, Taxation, Trade, Unemployment insurance, Veterans' benefits, Volunteer workers, Wages, War casualties, Welfare, Welfare eligibility, Withholding tax
Latest Action: 06/17/2008 - Became Public Law No: 110-245. Bill TextTo amend the Internal Revenue Code of 1986 to provide benefits for military personnel, and for other purposes. 6/17/2008--Public Law. (There are 3 other summaries) (This measure has not been amended since it was passed by the House on May 20, 2008. The summary of that version is repeated here.)Heroes Earning Assistance and Relief Tax Act of 2008 -Amends the Internal Revenue Code to provide tax benefits and incentives for military personnel.Title I: Benefits for Military - (Sec 101) Exempts married taxpayers who file a joint tax return from the identification requirement for the 2008 recovery tax rebate if at least one of the filers is a current member of the Armed Forces.(Sec. 102) Makes permanent the election to treat combat zone compensation as earned income for purposes of the earned income tax credit. (Sec. 103) Makes permanent the exemption from the first-time homebuyer rule for veterans using mortgage [...] show full description
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