Top Legislation - View All
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 exemption, Tax penalties, Tax preparers, Tax rates, Tax refunds, Tax returns, Tax-exempt organizations, Taxation, Teachers, Teaching materials, Technology, Telecommunication, Television industry, Terrorism, Trade, Transportation, Undercover operations, Urban affairs, Urban economic development, Veterans, Veterans' benefits, Water resources, Welfare
Latest Action: 06/19/2008 - Motion to proceed to measure considered in Senate. (consideration: CR S5772-5775) Bill TextTo amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes. 5/21/2008--Passed House amended. (There are 2 other summaries) (This measure has not been amended since it was reported to the House on May 20, 2008. The summary of that version is repeated here.)Renewable Energy and Job Creation Act of 2008 -Amends the Internal Revenue Code to provide tax incentives for energy production and conservation, to extend expiring tax provisions, and to extend tax benefits to individual and business taxpayers. Title I: Energy Tax Incentives - Subtitle A: Energy Production Incentives - Part I: Renewable Energy Incentives - (Sec. 101) Extends: (1) through 2009 the tax credit for producing electricity from qualified wind facilities; and (2) through 2011 the tax credits for producing electricity [...] show full description
Also tagged in: 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, Home ownership, 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 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. 5/22/2008--Passed Senate without amendment. (There are 2 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 [...] show full description
Also tagged in: Administrative procedure, Airline employees, Airlines, Bankruptcy, Business, Civil service retirement, Defined benefit pension plans, Defined contribution plans, Department of the Treasury, Executive departments, Finance, Government employees, Government employees' health insurance, Government information, Government paperwork, Health policy, Income tax, Individual retirement accounts, Interest rates, Labor, Law, Medical care, Partnerships, Pension funds, Pensions, Small business, Standards, Tax deductions, Tax evasion, Tax penalties, Tax returns, Taxation, Transportation, Trusts and trustees
Latest Action: 06/26/2008 - Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the commi Bill TextTo make technical corrections related to the Pension Protection Act of 2006, and for other purposes. 6/26/2008--Introduced. Pension Protection Technical Corrections Act of 2008 - Makes technical corrections to the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code to conform to the Pension Protection Act of 2006 regarding various specified items, including: (1) the target normal cost of benefits; (2) specified implementation and effective dates for certain requirements; (3) one-participant retirement plans; (4) special age-related rules in accrued benefit requirements for applicable defined benefit plans; (5) inapplicability in certain cases of the limitation on income deductions (for tax purposes) for employer contributions to one or more defined contribution plans; and (6) adjustments to averaging in the determination of the value of the assets of single-employer defined benefit pension plans for minimum funding purposes. Makes technical [...] show full description
Also tagged in: Budgets, Business, Cabinet officers, Corporation for National and Community Service, Education, Executive compensation, Executive departments, Executive reorganization, Federal aid to education, Federal officials, Government corporations, Government employees, Higher education, Income tax, National service, Salaries, Scholarships, Social services, Taxation
Latest Action: 05/20/2008 - Sponsor introductory remarks on measure. (CR S4488-4489) Bill TextA bill to amend the National and Community Service Act of 1990 to improve the educational awards provided for national service, and for other purposes. 5/20/2008--Introduced. AmeriCorps: Together Improving Our Nation Act or the ACTION Act - Amends the National and Community Service Act of 1990 to alter the formula for determining the amount of the national service educational award to base the award on the average cost of attending a four-year institution of higher education, rather than a portion of a veteran's basic educational assistance allowance. Excludes the national service educational award from an individual's gross income for tax purposes. Permits the Corporation for National and Community Service to support a national service program that is carried out by another federal agency and implements the priorities of such agency. Makes Chief Executive Officer of the Corporation a Cabinet position. Raises the Officer's compensation to Level I of the [...] show full description
Also tagged in: Agriculture, Air conditioning, Alcohol tax, Alcoholic beverages, Alternative energy sources, American Samoa, Biomass energy, Books, Business, Capital gains tax, Charitable contributions, College costs, Corporation taxes, Criminal justice, Department of the Treasury, Depletion allowances, Depreciation and amortization, Depressed areas, Diesel motor, Economic development, Economic policy, Education, Education of the disadvantaged, Electric appliances, Electric power transmission, Electric utilities, Elementary and secondary education, Emergency management, Energy, Energy conservation, Energy efficiency, Enterprise zones, Environmental protection, Executive departments, Finance, Food, Foreign corporations, Fuel cells, Health insurance, Health policy, Heat pumps, Heating, Higher education, Holding companies, Housing, Humanities, Hurricanes, Incineration, Income tax, Indian economic development, Insurance, Internal Revenue Service (IRS), Inventories, Irrigation, Labor, Leases, Local taxation, Medical care, Military pay, Mine safety, Minimum tax, Minorities, Minority employment, Motion pictures, Mutual funds, Ocean energy resources, Pensions, Puerto Rico, Railroad engineering, Refrigeration, Refuse as fuel, Rescue work, Research and development tax credit, Restaurants, Rural affairs, Sales tax, School buildings, Science policy, Small business, Social security, Social security taxes, Solar energy, Solid wastes, Sports, State and local government, State taxation, Stocks, Subsidiary corporations, Tax administration, Tax credits, Tax deductions, Tax exemption, Tax returns, Tax-exempt organizations, Taxation, Taxation of foreign income, Teachers, Television industry, Terrorism, Tidal power, Trade, Transportation, Undercover operations, Veterans, Virgin Islands, Water conservation, Water resources
Latest Action: 06/09/2008 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 771. Bill TextA bill to amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes. 6/6/2008--Introduced. Alternative Minimum Tax and Extenders Tax Relief Act of 2008 - Amends the Internal Revenue Code to extend expiring provisions relating to the alternative minimum tax, individual and business taxpayers, energy conservation, and tax administration. Extends through 2008 for individual taxpayers: (1) the offset of nonrefundable personal tax credits against regular and alternative minimum tax (AMT) liabilities; and (2) the increased AMT exemption amounts. Extends through 2009: (1) the election to deduct state and local sales taxes in lieu of state and local income taxes; (2) the tax deductions for qualified tuition and related expenses and for certain expenses of elementary and secondary school teachers; (3) tax-free distributions from individual retirement accounts (IRAs) for charitable purposes; and (4) tax rules for treatment of [...] show full description
Also tagged in: Agriculture, Agriculture in foreign trade, Air pollution, Alabama, Alcohol tax, Alcoholic beverages, Alternative energy sources, American Samoa, Biomass energy, Bonds, Books, Budgets, Building construction, Business, Carbon dioxide, Cellulose, Charitable contributions, Children, Climate change, Coal, Cogeneration of electric power and heat, College costs, Communications, Computers, Corporation taxes, Criminal justice, Department of the Treasury, Depreciation and amortization, Depressed areas, Diesel motor, District of Columbia, Dividends, Economic development, Economic policy, Education, Educational technology, Electric appliances, Electric power plants, Electric power production, Electric vehicles, Elementary and secondary education, Emergency management, Employee training, Energy, Energy conservation, Energy efficiency, Energy facilities, Environmental protection, Excise tax, Executive departments, Exports, Finance, Fines (Penalties), Food, Foreign corporations, Foreign policy, Foreign tax credit, Fuel cells, Geothermal resources, Government trust funds, Governmental investigations, Greenhouse gases, Higher education, Housing, Humanities, Hurricanes, Hydroelectric power, Incineration, Income tax, Indian economic development, Individual retirement accounts, Interest, Internal Revenue Service (IRS), International affairs, Inventories, Investment tax credit, Irrigation, Job training, Labor, Landfills, Law, Lawyers, Leases, Legal fees, Legal services, Liability for environmental damages, Local taxation, Losses, Louisiana, Marine resources, Methane, Mine safety, Minimum tax, Minorities, Minority employment, Mississippi, Motion pictures, Mutual funds, Natural resources, New York City, Ocean energy resources, Oil pollution, Pensions, Property tax, Puerto Rico, Railroad engineering, Refuse as fuel, Rescue work, Research and development tax credit, Restaurants, Retail trade, Rural affairs, Rural education, Sales tax, School buildings, Science policy, Service stations, Small business, Solar energy, Solid wastes, Sports, Sports facilities, State and local government, State taxation, Stocks, Subsidiary corporations, Tariff, Tax administration, Tax credits, Tax deductions, Tax exemption, Tax penalties, Tax preparers, Tax rates, Tax refunds, Tax returns, Tax-exempt organizations, Taxation, Taxation of foreign income, Teacher education, Technology, Television industry, Terrorism, Trade, Transportation, Undercover operations, Urban affairs, Urban economic development, Virgin Islands, Wages, Water resources, Wind power, Wool
Latest Action: 06/12/2008 - Sponsor introductory remarks on measure. (CR S5595-5597) Bill TextA bill to amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes. 6/12/2008--Introduced. Energy Independence and Tax Relief Act of 2008 - Amends the Internal Revenue Code to extend various provisions relating to energy production and conservation and to individual and business-related activities.Extends through 2009 the tax credit for producing electricity from wind facilities and through 2011 for closed and open-loop biomass, geothermal, small irrigation, hydropower, landfill gas, and trash combustion facilities. Includes marine and hydrokinetic renewable energy as a renewable resource for purposes of such tax credit. Extends through 2014: (1) the energy tax credits for solar energy, fuel cell, and microturbine property; and (2) the residential energy efficient property tax credit. Allows a new investment tax credit for combined heat and power system property.Provides funding for new clean renewable energy [...] show full description
Also tagged in: 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 deductions, 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: Bank accounts, Congress, Education, Education savings accounts, Finance, Higher education, Home ownership, Housing, Housing finance, Income tax, Individual retirement accounts, Law, Names, Pensions, Sunset legislation, 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: Agricultural conservation, Agriculture, Animals, Business, Capital gains tax, Conservation easements, Environmental protection, Environmental protection groups, Farm lands, Forest conservation, Habitat conservation, Income tax, Land transfers, Natural resources, Nature conservation, Open space lands, Partnerships, Tax credits, Tax-exempt organizations, Taxation, Unrelated business income tax
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 provide economic incentives for the preservation of open space and conservation of natural resources, and for other purposes. 1/4/2007--Introduced. Paul Coverdell Homestead Open Space Preservation and Conservation Act of 2006 (sic) - Amends the Internal Revenue Code to allow certain tax-exempt conservation organizations a tax credit for expenditures to acquire and maintain real property interests exclusively for conservation purposes.
Also tagged in: Business, Capital investments, Excise tax, Finance, Income tax, Individual retirement accounts, Loans, Partnerships, Pensions, Small business, Stocks, Tax penalties, Taxation
Latest Action: 01/04/2007 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to allow loans from individual retirement plans for qualified small business capital assets. 1/4/2007--Introduced. Amends the Internal Revenue Code to exempt from the penalty tax for prohibited transactions loans from an individual retirement plan to acquire certain small business capital assets. Requires such loans to be repaid within five years.
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Latest Legislation - View All
Also tagged in: Administrative procedure, Airline employees, Airlines, Bankruptcy, Business, Civil service retirement, Defined benefit pension plans, Defined contribution plans, Department of the Treasury, Executive departments, Finance, Government employees, Government employees' health insurance, Government information, Government paperwork, Health policy, Income tax, Individual retirement accounts, Interest rates, Labor, Law, Medical care, Partnerships, Pension funds, Pensions, Small business, Standards, Tax deductions, Tax evasion, Tax penalties, Tax returns, Taxation, Transportation, Trusts and trustees
Latest Action: 06/26/2008 - Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the commi Bill TextTo make technical corrections related to the Pension Protection Act of 2006, and for other purposes. 6/26/2008--Introduced. Pension Protection Technical Corrections Act of 2008 - Makes technical corrections to the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code to conform to the Pension Protection Act of 2006 regarding various specified items, including: (1) the target normal cost of benefits; (2) specified implementation and effective dates for certain requirements; (3) one-participant retirement plans; (4) special age-related rules in accrued benefit requirements for applicable defined benefit plans; (5) inapplicability in certain cases of the limitation on income deductions (for tax purposes) for employer contributions to one or more defined contribution plans; and (6) adjustments to averaging in the determination of the value of the assets of single-employer defined benefit pension plans for minimum funding purposes. Makes technical [...] show full description
Also tagged in: Agriculture, Agriculture in foreign trade, Air pollution, Alabama, Alcohol tax, Alcoholic beverages, Alternative energy sources, American Samoa, Biomass energy, Bonds, Books, Budgets, Building construction, Business, Carbon dioxide, Cellulose, Charitable contributions, Children, Climate change, Coal, Cogeneration of electric power and heat, College costs, Communications, Computers, Corporation taxes, Criminal justice, Department of the Treasury, Depreciation and amortization, Depressed areas, Diesel motor, District of Columbia, Dividends, Economic development, Economic policy, Education, Educational technology, Electric appliances, Electric power plants, Electric power production, Electric vehicles, Elementary and secondary education, Emergency management, Employee training, Energy, Energy conservation, Energy efficiency, Energy facilities, Environmental protection, Excise tax, Executive departments, Exports, Finance, Fines (Penalties), Food, Foreign corporations, Foreign policy, Foreign tax credit, Fuel cells, Geothermal resources, Government trust funds, Governmental investigations, Greenhouse gases, Higher education, Housing, Humanities, Hurricanes, Hydroelectric power, Incineration, Income tax, Indian economic development, Individual retirement accounts, Interest, Internal Revenue Service (IRS), International affairs, Inventories, Investment tax credit, Irrigation, Job training, Labor, Landfills, Law, Lawyers, Leases, Legal fees, Legal services, Liability for environmental damages, Local taxation, Losses, Louisiana, Marine resources, Methane, Mine safety, Minimum tax, Minorities, Minority employment, Mississippi, Motion pictures, Mutual funds, Natural resources, New York City, Ocean energy resources, Oil pollution, Pensions, Property tax, Puerto Rico, Railroad engineering, Refuse as fuel, Rescue work, Research and development tax credit, Restaurants, Retail trade, Rural affairs, Rural education, Sales tax, School buildings, Science policy, Service stations, Small business, Solar energy, Solid wastes, Sports, Sports facilities, State and local government, State taxation, Stocks, Subsidiary corporations, Tariff, Tax administration, Tax credits, Tax deductions, Tax exemption, Tax penalties, Tax preparers, Tax rates, Tax refunds, Tax returns, Tax-exempt organizations, Taxation, Taxation of foreign income, Teacher education, Technology, Television industry, Terrorism, Trade, Transportation, Undercover operations, Urban affairs, Urban economic development, Virgin Islands, Wages, Water resources, Wind power, Wool
Latest Action: 06/12/2008 - Sponsor introductory remarks on measure. (CR S5595-5597) Bill TextA bill to amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes. 6/12/2008--Introduced. Energy Independence and Tax Relief Act of 2008 - Amends the Internal Revenue Code to extend various provisions relating to energy production and conservation and to individual and business-related activities.Extends through 2009 the tax credit for producing electricity from wind facilities and through 2011 for closed and open-loop biomass, geothermal, small irrigation, hydropower, landfill gas, and trash combustion facilities. Includes marine and hydrokinetic renewable energy as a renewable resource for purposes of such tax credit. Extends through 2014: (1) the energy tax credits for solar energy, fuel cell, and microturbine property; and (2) the residential energy efficient property tax credit. Allows a new investment tax credit for combined heat and power system property.Provides funding for new clean renewable energy [...] show full description
Also tagged in: Agriculture, Air conditioning, Alcohol tax, Alcoholic beverages, Alternative energy sources, American Samoa, Biomass energy, Books, Business, Capital gains tax, Charitable contributions, College costs, Corporation taxes, Criminal justice, Department of the Treasury, Depletion allowances, Depreciation and amortization, Depressed areas, Diesel motor, Economic development, Economic policy, Education, Education of the disadvantaged, Electric appliances, Electric power transmission, Electric utilities, Elementary and secondary education, Emergency management, Energy, Energy conservation, Energy efficiency, Enterprise zones, Environmental protection, Executive departments, Finance, Food, Foreign corporations, Fuel cells, Health insurance, Health policy, Heat pumps, Heating, Higher education, Holding companies, Housing, Humanities, Hurricanes, Incineration, Income tax, Indian economic development, Insurance, Internal Revenue Service (IRS), Inventories, Irrigation, Labor, Leases, Local taxation, Medical care, Military pay, Mine safety, Minimum tax, Minorities, Minority employment, Motion pictures, Mutual funds, Ocean energy resources, Pensions, Puerto Rico, Railroad engineering, Refrigeration, Refuse as fuel, Rescue work, Research and development tax credit, Restaurants, Rural affairs, Sales tax, School buildings, Science policy, Small business, Social security, Social security taxes, Solar energy, Solid wastes, Sports, State and local government, State taxation, Stocks, Subsidiary corporations, Tax administration, Tax credits, Tax deductions, Tax exemption, Tax returns, Tax-exempt organizations, Taxation, Taxation of foreign income, Teachers, Television industry, Terrorism, Tidal power, Trade, Transportation, Undercover operations, Veterans, Virgin Islands, Water conservation, Water resources
Latest Action: 06/09/2008 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 771. Bill TextA bill to amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes. 6/6/2008--Introduced. Alternative Minimum Tax and Extenders Tax Relief Act of 2008 - Amends the Internal Revenue Code to extend expiring provisions relating to the alternative minimum tax, individual and business taxpayers, energy conservation, and tax administration. Extends through 2008 for individual taxpayers: (1) the offset of nonrefundable personal tax credits against regular and alternative minimum tax (AMT) liabilities; and (2) the increased AMT exemption amounts. Extends through 2009: (1) the election to deduct state and local sales taxes in lieu of state and local income taxes; (2) the tax deductions for qualified tuition and related expenses and for certain expenses of elementary and secondary school teachers; (3) tax-free distributions from individual retirement accounts (IRAs) for charitable purposes; and (4) tax rules for treatment of [...] show full description
Also tagged in: Budgets, Business, Cabinet officers, Corporation for National and Community Service, Education, Executive compensation, Executive departments, Executive reorganization, Federal aid to education, Federal officials, Government corporations, Government employees, Higher education, Income tax, National service, Salaries, Scholarships, Social services, Taxation
Latest Action: 05/20/2008 - Sponsor introductory remarks on measure. (CR S4488-4489) Bill TextA bill to amend the National and Community Service Act of 1990 to improve the educational awards provided for national service, and for other purposes. 5/20/2008--Introduced. AmeriCorps: Together Improving Our Nation Act or the ACTION Act - Amends the National and Community Service Act of 1990 to alter the formula for determining the amount of the national service educational award to base the award on the average cost of attending a four-year institution of higher education, rather than a portion of a veteran's basic educational assistance allowance. Excludes the national service educational award from an individual's gross income for tax purposes. Permits the Corporation for National and Community Service to support a national service program that is carried out by another federal agency and implements the priorities of such agency. Makes Chief Executive Officer of the Corporation a Cabinet position. Raises the Officer's compensation to Level I of the [...] show full description
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, Home ownership, 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 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. 5/22/2008--Passed Senate without amendment. (There are 2 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 [...] 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 exemption, Tax penalties, Tax preparers, Tax rates, Tax refunds, Tax returns, Tax-exempt organizations, Taxation, Teachers, Teaching materials, Technology, Telecommunication, Television industry, Terrorism, Trade, Transportation, Undercover operations, Urban affairs, Urban economic development, Veterans, Veterans' benefits, Water resources, Welfare
Latest Action: 06/19/2008 - Motion to proceed to measure considered in Senate. (consideration: CR S5772-5775) Bill TextTo amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes. 5/21/2008--Passed House amended. (There are 2 other summaries) (This measure has not been amended since it was reported to the House on May 20, 2008. The summary of that version is repeated here.)Renewable Energy and Job Creation Act of 2008 -Amends the Internal Revenue Code to provide tax incentives for energy production and conservation, to extend expiring tax provisions, and to extend tax benefits to individual and business taxpayers. Title I: Energy Tax Incentives - Subtitle A: Energy Production Incentives - Part I: Renewable Energy Incentives - (Sec. 101) Extends: (1) through 2009 the tax credit for producing electricity from qualified wind facilities; and (2) through 2011 the tax credits for producing electricity [...] show full description
Also tagged in: Alcohol tax, Alcoholic beverages, Alternative energy sources, American Samoa, Books, Business, Capital gains tax, Charitable contributions, Coal, College costs, Corporation taxes, Criminal justice, Department of the Treasury, Depreciation and amortization, Depressed areas, Earned income tax credit, Economic development, Economic policy, Education, Education of the disadvantaged, Electric appliances, Elementary and secondary education, Emergency management, Energy, Energy conservation, Energy efficiency, Enterprise zones, Environmental protection, Executive departments, Finance, Food, Foreign corporations, Fuel cells, Health insurance, Health policy, Higher education, Holding companies, Housing, Humanities, Hurricanes, Income tax, Indian economic development, Individual retirement accounts, Insurance, Internal Revenue Service (IRS), Inventories, Labor, Leases, Local taxation, Medical care, Mental health services, Military pay, Mine safety, Minimum tax, Minorities, Minority employment, Mortgages, Motion pictures, Mutual funds, Pensions, Puerto Rico, Railroad engineering, Rescue work, Research and development tax credit, Restaurants, Rural affairs, Sales tax, School buildings, Science policy, Small business, Social security, Social security taxes, Solar energy, Sports, State and local government, State taxation, Stocks, Subsidiary corporations, Tax administration, Tax credits, Tax deductions, Tax exemption, Tax returns, Tax-exempt organizations, Taxation, Taxation of foreign income, Teachers, Television industry, Terrorism, Trade, Transportation, Undercover operations, Veterans, Virgin Islands, Welfare
Latest Action: 04/17/2008 - Sponsor introductory remarks on measure. (CR S3156-3157) Bill TextA bill to amend the Internal Revenue Code of 1986 to amend certain expiring provisions. 4/17/2008--Introduced. Alternative Minimum Tax and Extenders Tax Relief Act of 2008 - Amends the Internal Revenue Code to extend expiring provisions relating to the alternative minimum tax, individual and business taxpayers, energy conservation, and tax administration. Extends through 2008 for individual taxpayers: (1) the offset of nonrefundable personal tax credits against alternative minimum tax (AMT) liability; and (2) increased AMT exemption amounts.Extends through 2009: (1) the election to include combat zone compensation as earned income for purposes of the earned income tax credit; (2) tax-free distributions from individual retirement plans (IRAs) for individuals called or ordered to active military duty and for charitable purposes; (3) the election to deduct state and local sales taxes in lieu of state and local income taxes; (4) the tax deductions for qualified tuition [...] show full description
Also tagged in: Administrative remedies, Africa (Sub-Saharan), Aged, Air force, Alternative energy sources, Ammunition, Animals, Annuities, Armed forces, Armed forces abroad, Armed forces reserves, Armed Forces Retirement Home, Arms control, Arms sales, Army, Authorization, Bombs, Budgets, Business, Chad, Chemical warfare, Civil liberties, Civil service retirement, Colorado, Commemorations, Computer software, Congress, Congress and military policy, Congressional reporting requirements, Counterterrorism, Criminal justice, Cultural relations, Defense budgets, Defense economics, Defense industries, Defense policy, Defense procurement, Dentists, Department of Defense, Divorce, Drone aircraft, Drug abuse, Drug law enforcement, Earned income tax credit, East Asia, Education, Educational exchanges, El Salvador, Electric utilities, Emergency management, Energy, Energy conservation, Environmental protection, Evacuation of civilians, Executive departments, Export controls, Families, Family violence, Federal advisory bodies, Federal employees, Federal officials, Fighter aircraft, Fire fighters, Flags, Foreign aid, Foreign policy, Forest fires, Freedom of information, Geodesy, Georgia, Gifts, Government contractors, Government employees, Government information, Graduate education, Guided missiles, Hawaii, Hazardous substances, Hazardous waste sites, Hazardous wastes, Health policy, Higher education, Honduras, Housing, Humanities, Income tax, Indonesia, Information technology, Intellectual property, Intelligence activities, International affairs, International military forces, International relief, Iraq, Iraq compilation, Kentucky, Laboratories, Land transfers, Latin America, Law, Layoffs, Leases, Liability (Law), Liability for environmental damages, Licenses, Logistics, Mali, Managed care, Mandatory retirement, Maps, Marines, Maryland, Mauritania, Medical care, Medical personnel, Medicine, Mental health services, Metals, Middle East and North Africa, Military aircraft, Military and naval supplies, Military assistance, Military aviation, Military base closures, Military bases, Military cemeteries and funerals, Military chaplains, Military construction operations, Military dependents, Military education, Military housing, Military intelligence, Military maneuvers, Military medicine, Military operations, Military pay, Military pensions, Military personnel, Military promotions, Military technology, Military training, Military transportation, Military vehicles, Municipal services, National Guard, NATO military forces, Natural resources, Navy, Nicaragua, Niger, North Korea, Nuclear nonproliferation, Nuclear ships, Nurses, Obstetrics, Officer personnel, Pensions, Pets, Pharmacists, Philippines, Physicians, President and foreign policy, Presidents, Private police, Psychologists, Public contracts, Recruiting and enlistment, Religion, Rescue work, Research and development facilities, Salaries, Sanctions (International law), Scholarships, Science policy, Service academies, Shipbuilding, Shipyards, Small business, Social services, Social work, Soldiers' homes, Solid wastes, Student loan funds, Survivors' benefits, Tanks (Combat vehicles), Taxation, Technology, Technology transfer, Terrorism, Trade, Trademarks, Transportation, Travel costs, Veterans, Veterans' benefits, Virginia, War casualties, War relief, Warships, Washington State, Weapons of mass destruction, Weapons systems, Welfare, Women
Latest Action: 03/31/2008 - Sponsor introductory remarks on measure. (CR S2234) Bill TextA bill to authorize appropriations for fiscal year 2009 for military activities of the Department of Defense, to prescribe military personnel strengths for fiscal year 2009, and for other purposes. 3/31/2008--Introduced. National Defense Authorization Act for Fiscal Year 2009 - Authorizes appropriations for the Department of Defense (DOD) for FY2009. Authorizes appropriations to DOD for: (1) procurement, including aircraft, missiles, weapons and tracked combat vehicles, ammunition, shipbuilding and conversion, and other procurement; (2) the Rapid Acquisition Fund; (3) the Joint Improvised Explosive Device Defeat Fund; (4) Defense Production Act purchases; (5) research, development, test, and evaluation; (6) operation and maintenance, including working capital funds, the Defense Health Program, chemical agents and munitions destruction, drug interdiction and counter-drug activities, and the Defense Inspector General; (6) active and reserve military personnel, including [...] show full description
Also tagged in: Agriculture, Bonds, Capital gains tax, Depreciation and amortization, Families, Family farms, Farm lands, Farmers, Finance, Income tax, Land transfers, Land use, Natural resources, Taxation
Latest Action: 02/14/2008 - Read twice and referred to the Committee on Finance. Bill TextA bill to amend the Internal Revenue Code of 1986 to provide an exclusion for gain from the sale of farmland to encourage the continued use of the property for farming, and for other purposes. 2/14/2008--Introduced. Beginning Farmers and Ranchers Act of 2008 - Amends the Internal Revenue Code to exclude from gross income 100% of the gain, up to $500,000, from the sale of qualified farm property to a first-time farmer who certifies that such property will be used for farming purposes for 10 years. Allows: (1) a 50% exclusion for the sale of qualified farm property to any other person who certifies that such property will be used for farming purposes for 10 years; and (2) a 25% exclusion for the sale of qualified farm property to any other person for any other use. Defines "qualified farm property" as real property located in the United States which is used for farming purposes for a specified three-year period and in which there was material participation by [...] show full description
Also tagged in: Agricultural wastes, Agriculture, Air pollution, Air pollution control, Alcohol as fuel, Alternative energy sources, Bicycles, Biomass energy, Bonds, Business, Capital gains tax, Carbon dioxide, Cellulose, Commuting, Congress, Congressional reporting requirements, Construction industries, Construction workers, Corporation taxes, Depreciation and amortization, Electric appliances, Electric power production, Electric utilities, Electric vehicles, Energy, Energy conservation, Energy crops, Energy development, Energy efficiency, Environmental protection, Excise tax, Finance, Fuel cells, Gas industry, Geothermal resources, Government contractors, Governmental investigations, Greenhouse gases, Heat pumps, |
