Top Legislation - View All

Latest Action: 01/04/2007 - Read twice and referred to the Committee on Finance.

Bill Text
A 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.

Latest Action: 01/04/2007 - Sponsor introductory remarks on measure. (CR S80)

Bill Text
A bill to treat certain hospital support organizations as qualified organizations for purposes of determining acquisition indebtedness.

1/4/2007--Introduced.

Amends the Internal Revenue Code to allow certain support organizations for tax-exempt teaching hospitals to acquire debt secured by income-producing real property used to provide financial support for such hospitals.

Latest Action: 07/31/2007 - Referred to the Subcommittee on Health.

Bill Text
To treat certain hospital support organizations as qualified organizations for purposes of determining acquisition indebtedness.

7/23/2007--Introduced.

Amends the Internal Revenue Code to allow certain support organizations for tax-exempt teaching hospitals to acquire debt secured by income-producing real property used to provide financial support for such hospitals.

Latest Action: 09/07/2007 - Referred to the House Committee on Ways and Means.

Bill Text
To amend the Internal Revenue Code of 1986 to provide that indebtedness incurred by a partnership in acquiring securities and commodities is not treated as acquisition indebtedness by organizations which are limited partners for purposes of the unrelated business income tax.

9/7/2007--Introduced.

Amends Internal Revenue Code provisions relating to the tax on the unrelated business income of tax-exempt organizations to exempt from treatment as acquisition indebtedness (subject to the unrelated business income tax) indebtedness incurred or continued by a limited partnership in a partnership to purchase or carry certain securities or commodities.

Latest Action: 11/15/2007 - Sponsor introductory remarks on measure. (CR S14494)

Bill Text
A bill to amend the Internal Revenue Code of 1986 to make technical corrections, and for other purposes.

11/15/2007--Introduced.

Tax Technical Corrections Act of 2007 - Makes technical and clerical corrections to the Internal Revenue Code, including corrections to provisions enacted by: (1) the Tax Relief and Health Care Act of 2006; (2) the Pension Protection Act of 2006; (3) the Tax Increase Prevention and Reconciliation Act of 2005; (4) the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users; (5) the Energy Policy Act of 2005; (6) the American Jobs Creation Act of 2004; (7) the Jobs and Growth Tax Relief Reconciliation Act of 2003; (8) the Economic Growth and Tax Relief Reconciliation Act of 2001; (9) the Tax Relief Extension Act of 1999; and (10) the Internal Revenue Service Restructuring and Reform Act of 1998.

Latest Action: 11/15/2007 - Referred to the House Committee on Ways and Means.

Bill Text
To amend the Internal Revenue Code of 1986 to make technical corrections, and for other purposes.

11/15/2007--Introduced.

Tax Technical Corrections Act of 2007 - Makes technical and clerical corrections to the Internal Revenue Code, including corrections to provisions enacted by: (1) the Tax Relief and Health Care Act of 2006; (2) the Pension Protection Act of 2006; (3) the Tax Increase Prevention and Reconciliation Act of 2005; (4) the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users; (5) the Energy Policy Act of 2005; (6) the American Jobs Creation Act of 2004; (7) the Jobs and Growth Tax Relief Reconciliation Act of 2003; (8) the Economic Growth and Tax Relief Reconciliation Act of 2001; (9) the Tax Relief Extension Act of 1999; and (10) the Internal Revenue Service Restructuring and Reform Act of 1998.

Latest Action: 12/29/2007 - Became Public Law No: 110-172.

Bill Text
To amend the Internal Revenue Code of 1986 to make technical corrections, and for other purposes. 12/29/2007--Public Law.    (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.)Tax Technical Corrections Act of 2007 - Makes technical amendments and clerical corrections to the Internal Revenue Code, including corrections to provisions enacted by: (1) the Tax Relief and Health Care Act of 2006; (2) the Pension Protection Act of 2006; (3) the Tax Increase Prevention and Reconciliation Act of 2005; (4) the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users; (5) the Energy Policy Act of 2005; (6) the American Jobs Creation Act of 2004; (7) the Economic Growth and Tax Relief Reconciliation Act of 2001; (8) the Tax Relief Extension Act of 1999; and (9) the Internal Revenue Service Restructuring and Reform Act [...]

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Latest Action: 11/13/2007 - Referred to the House Committee on Ways and Means.

Bill Text
To amend the Internal Revenue Code of 1986 to restructure and replace the income tax system of the United States to meet national priorities, and for other purposes. 11/13/2007--Introduced. Simplified USA Tax Act of 2007 - Repeals, after 2006, income tax and estate and gift tax provisions of the Internal Revenue Code of 1986. Replaces such Code with a new tax system, to be known as the Simplified USA Tax. Establishes three income tax brackets at 15, 25, and 30% for individual taxpayers. Redefines "gross income" and allows certain exclusions from gross income, including previously-taxed benefits, tax-exempt bond interest, compensation for injuries and sickness, and gain from the sale of a principal residence. Allows tax deductions for alimony and child support, home mortgage interest, certain higher education expenses, and charitable contributions. Allows a tax credit for employee social security payroll taxes.Revises rules for Roth individual retirement [...]

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Latest Action: 11/19/2008 - Referred to the Subcommittee on Specialty Crops, Rural Development, and Foreign Agriculture.

Bill Text
To improve access to broadband service in rural and underserved areas of the United States, and for other purposes. 4/2/2008--Introduced. Rural America Communication Expansion for the Future Act of 2008 - Amends the Internal Revenue Code to permit taxpayers in rural or underserved areas to elect to expense broadband expenditures, including installation and connection costs. Permits mutual or cooperative telephone companies to reduce their unrelated business taxable income in any year by the amount of their broadband expenditures. Directs the Secretary of the Treasury to designate census tracts identifying rural and underserved areas. Prohibits federal or state agencies from adopting regulations and ratemaking procedures that would eliminate or reduce the broadband expense deduction provided by this Act. Allows a business-related tax credit for providing broadband services to rural or underserved subscribers through the radio transmission of energy. [...]

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Latest Legislation - View All

Latest Action: 11/19/2008 - Referred to the Subcommittee on Specialty Crops, Rural Development, and Foreign Agriculture.

Bill Text
To improve access to broadband service in rural and underserved areas of the United States, and for other purposes. 4/2/2008--Introduced. Rural America Communication Expansion for the Future Act of 2008 - Amends the Internal Revenue Code to permit taxpayers in rural or underserved areas to elect to expense broadband expenditures, including installation and connection costs. Permits mutual or cooperative telephone companies to reduce their unrelated business taxable income in any year by the amount of their broadband expenditures. Directs the Secretary of the Treasury to designate census tracts identifying rural and underserved areas. Prohibits federal or state agencies from adopting regulations and ratemaking procedures that would eliminate or reduce the broadband expense deduction provided by this Act. Allows a business-related tax credit for providing broadband services to rural or underserved subscribers through the radio transmission of energy. [...]

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Latest Action: 12/29/2007 - Became Public Law No: 110-172.

Bill Text
To amend the Internal Revenue Code of 1986 to make technical corrections, and for other purposes. 12/29/2007--Public Law.    (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.)Tax Technical Corrections Act of 2007 - Makes technical amendments and clerical corrections to the Internal Revenue Code, including corrections to provisions enacted by: (1) the Tax Relief and Health Care Act of 2006; (2) the Pension Protection Act of 2006; (3) the Tax Increase Prevention and Reconciliation Act of 2005; (4) the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users; (5) the Energy Policy Act of 2005; (6) the American Jobs Creation Act of 2004; (7) the Economic Growth and Tax Relief Reconciliation Act of 2001; (8) the Tax Relief Extension Act of 1999; and (9) the Internal Revenue Service Restructuring and Reform Act [...]

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Latest Action: 11/15/2007 - Sponsor introductory remarks on measure. (CR S14494)

Bill Text
A bill to amend the Internal Revenue Code of 1986 to make technical corrections, and for other purposes.

11/15/2007--Introduced.

Tax Technical Corrections Act of 2007 - Makes technical and clerical corrections to the Internal Revenue Code, including corrections to provisions enacted by: (1) the Tax Relief and Health Care Act of 2006; (2) the Pension Protection Act of 2006; (3) the Tax Increase Prevention and Reconciliation Act of 2005; (4) the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users; (5) the Energy Policy Act of 2005; (6) the American Jobs Creation Act of 2004; (7) the Jobs and Growth Tax Relief Reconciliation Act of 2003; (8) the Economic Growth and Tax Relief Reconciliation Act of 2001; (9) the Tax Relief Extension Act of 1999; and (10) the Internal Revenue Service Restructuring and Reform Act of 1998.

Latest Action: 11/15/2007 - Referred to the House Committee on Ways and Means.

Bill Text
To amend the Internal Revenue Code of 1986 to make technical corrections, and for other purposes.

11/15/2007--Introduced.

Tax Technical Corrections Act of 2007 - Makes technical and clerical corrections to the Internal Revenue Code, including corrections to provisions enacted by: (1) the Tax Relief and Health Care Act of 2006; (2) the Pension Protection Act of 2006; (3) the Tax Increase Prevention and Reconciliation Act of 2005; (4) the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users; (5) the Energy Policy Act of 2005; (6) the American Jobs Creation Act of 2004; (7) the Jobs and Growth Tax Relief Reconciliation Act of 2003; (8) the Economic Growth and Tax Relief Reconciliation Act of 2001; (9) the Tax Relief Extension Act of 1999; and (10) the Internal Revenue Service Restructuring and Reform Act of 1998.

Latest Action: 11/13/2007 - Referred to the House Committee on Ways and Means.

Bill Text
To amend the Internal Revenue Code of 1986 to restructure and replace the income tax system of the United States to meet national priorities, and for other purposes. 11/13/2007--Introduced. Simplified USA Tax Act of 2007 - Repeals, after 2006, income tax and estate and gift tax provisions of the Internal Revenue Code of 1986. Replaces such Code with a new tax system, to be known as the Simplified USA Tax. Establishes three income tax brackets at 15, 25, and 30% for individual taxpayers. Redefines "gross income" and allows certain exclusions from gross income, including previously-taxed benefits, tax-exempt bond interest, compensation for injuries and sickness, and gain from the sale of a principal residence. Allows tax deductions for alimony and child support, home mortgage interest, certain higher education expenses, and charitable contributions. Allows a tax credit for employee social security payroll taxes.Revises rules for Roth individual retirement [...]

show full description
Latest Action: 09/07/2007 - Referred to the House Committee on Ways and Means.

Bill Text
To amend the Internal Revenue Code of 1986 to provide that indebtedness incurred by a partnership in acquiring securities and commodities is not treated as acquisition indebtedness by organizations which are limited partners for purposes of the unrelated business income tax.

9/7/2007--Introduced.

Amends Internal Revenue Code provisions relating to the tax on the unrelated business income of tax-exempt organizations to exempt from treatment as acquisition indebtedness (subject to the unrelated business income tax) indebtedness incurred or continued by a limited partnership in a partnership to purchase or carry certain securities or commodities.

Latest Action: 07/31/2007 - Referred to the Subcommittee on Health.

Bill Text
To treat certain hospital support organizations as qualified organizations for purposes of determining acquisition indebtedness.

7/23/2007--Introduced.

Amends the Internal Revenue Code to allow certain support organizations for tax-exempt teaching hospitals to acquire debt secured by income-producing real property used to provide financial support for such hospitals.

Latest Action: 01/04/2007 - Read twice and referred to the Committee on Finance.

Bill Text
A 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.

Latest Action: 01/04/2007 - Sponsor introductory remarks on measure. (CR S80)

Bill Text
A bill to treat certain hospital support organizations as qualified organizations for purposes of determining acquisition indebtedness.

1/4/2007--Introduced.

Amends the Internal Revenue Code to allow certain support organizations for tax-exempt teaching hospitals to acquire debt secured by income-producing real property used to provide financial support for such hospitals.