Top Legislation - View All
Also tagged in: Business, Constitution, Constitutional amendments, Estate tax, Executive departments, Foreign policy, Government and business, Government corporations, Government property, Income tax, International affairs, Privatization, State and local government, State constitutions, State laws, Taxation, Treaties
Latest Action: 03/01/2007 - Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties. Bill TextProposing an amendment the Constitution of the United States relative to abolishing personal income, estate, and gift taxes and prohibiting the United States Government from engaging in business in competition with its citizens. 2/7/2007--Introduced. Constitutional Amendment - Prohibits the U.S. government from engaging in any business, professional, commercial, financial, or industrial enterprise except as specified in the Constitution. Prohibits the constitution or laws of any state, or the laws of the United States, from being subject to the terms of any foreign or domestic agreement which would abrogate this amendment.Requires any activities of the U.S. government which violate the intent and purposes of this amendment to be liquidated and the properties and facilities affected to be sold within three years from the date of ratification of this amendment. Repeals the Sixteenth Amendment to the Constitution three years after ratification of this amendment and thereafter [...] show full description
Also tagged in: Administrative fees, Administrative procedure, Administrative remedies, Affiliated corporations, Aged, Aliens, Budgets, Business, Cost of living adjustments, Department of the Treasury, Estate tax, Executive departments, Executive reorganization, Exports, Families, Finance, Financial services, Foreign corporations, Gambling, Government information, Government paperwork, Government trust funds, Health policy, Hobbies, Immigration, Income tax, Insurance, Interest, Intergovernmental tax relations, Internal revenue law, Internal Revenue Service (IRS), Interstate compacts, Inventories, Labor, Law, Loan defaults, Medical care, Medicare, Old age, survivors and disability insurance, Payroll deductions, Politics and government, Poverty, Rebates, Sales tax, Small business, Social security, Social security finance, Social security taxes, Sports, State and local government, State politics and government, Tax administration, Tax auditing, Tax courts, Tax credits, Tax liens, Tax penalties, Tax refunds, Tax returns, Tax simplification, Taxation, Taxation of foreign income, Taxpayer compliance, Taxpayers, Telecommunication, Telephone, Trade, Wages, Welfare, Withholding tax
Latest Action: 01/04/2007 - Referred to the House Committee on Ways and Means. Bill TextTo promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States. 1/4/2007--Introduced. Fair Tax Act of 2007 - Repeals the income tax, employment tax, and estate and gift tax. Redesignates the Internal Revenue Code of 1986 as the Internal Revenue Code of 2007. Imposes a national sales tax on the use or consumption in the United States of taxable property or services. Sets the sales tax rate at 23 percent in 2009, with adjustments to the rate in subsequent years. Allows exemptions from the tax for property or services purchased for business, export, or investment purposes and for state government functions. Sets forth rules relating to: (1) the collection and remittance of the sales tax; and (2) credits and refunds. Allows families a sales tax rebate.Grants states the primary authority for the collection [...] show full description
Also tagged in: Annuities, Bonds, Budgets, Children, Civil service retirement, Cost of living adjustments, Families, Finance, Government employees, Government securities, Government trust funds, Grandparents, Individual retirement accounts, Inheritance tax, Investments, Law, Mutual funds, Old age, survivors and disability insurance, Parents, Pensions, Social security, Social security finance, Social security numbers, Stocks, Tax exemption, Tax refunds, Taxation, Trusts and trustees
Latest Action: 01/18/2007 - Referred to the Subcommittee on Social Security. Bill TextTo amend the Social Security Act to provide each American child with a KidSave Account, and for other purposes. 1/5/2007--Introduced. Social Security KidSave Accounts Act - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to create a new part B (KidSave Accounts). Directs the Commissioner of Social Security to establish in the name of each individual born on or after January 1, 2008, an individual retirement account in the Thrift Savings Fund known as a KidSave Account. Requires such Account to be treated in the same manner as an account maintained by a federal employee under the Federal Employees Retirement System (FERS) (into which contributions by or on behalf of the individual are deposited into one or more designated investment funds).Requires the Secretary of the Treasury to transfer from the Federal Old-Age and Survivors Insurance Trust Fund to each account holder's KidSave Account: (1) $2,000, on the date such [...] show full description
Also tagged in: Business, Children, College costs, Congress, Costs, Education, Elementary and secondary education, Elementary education, Estate tax, Families, Higher education, Income tax, Inheritance tax, Job training, Local taxation, Married people, Minimum tax, Sales tax, Secondary education, State and local government, State taxation, Sunset legislation, Tax credits, Tax deductions, Tax rates, Tax refunds, Taxation, Teachers, Teaching materials, Textbooks, Vocational education
Latest Action: 01/11/2007 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to make permanent certain temporary provisions applicable to individuals, including the sales tax deduction, the child credit, the repeal of the estate tax, and the deduction for higher education expenses. 1/11/2007--Introduced. Amends the Internal Revenue Code to make permanent the tax deductions for state and local sales taxes, for certain expenses of elementary and secondary school teachers, and for tuition and related expenses. Exempts certain provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 relating to the child tax credit, marriage penalty relief, repeal of the estate tax, and the tax deduction for higher education expenses from the general terminating date of that Act (i.e., December 31, 2010).
Also tagged in: Annuities, Business, Congress, Congressional voting, Estate tax, Families, Federal employees, Flat-rate tax, Government employees, Income tax, Inheritance tax, Labor, Legislation, Legislative amendments, Legislative resolutions, Local employees, Married people, Minimum tax, Pensions, State and local government, State employees, Tax administration, Tax credits, Tax deductions, Tax rates, Tax-exempt organizations, Taxation, Unemployment insurance, Wages
Latest Action: 03/05/2007 - Sponsor introductory remarks on measure. (CR H2160-2162) Bill TextTo amend the Internal Revenue Code of 1986 to provide taxpayers a flat tax alternative to the current income tax system. 2/14/2007--Introduced. Freedom Flat Tax Act - Amends the Internal Revenue Code to authorize an individual or a person engaged in business activity to make an irrevocable election to be subject to a flat tax (in lieu of the existing tax provisions) of 19% for the first two years after an election is made, and 17% thereafter. Calculates taxable income for individual taxpayers by subtracting a basic standard deduction and an additional standard deduction for each dependent from the total of wages, retirement distributions, and unemployment compensation. Defines "business taxable income" to mean gross active income reduced by the cost of certain business inputs. Imposes an employer tax on the value of excludable compensation provided to employees not engaged in business activity of 19% for the first two years after an election is made under this [...] show full description
Also tagged in: Administrative fees, Administrative procedure, Administrative remedies, Affiliated corporations, Aged, Aliens, Budgets, Business, Cost of living adjustments, Department of the Treasury, Estate tax, Executive departments, Executive reorganization, Exports, Families, Finance, Financial services, Foreign corporations, Gambling, Government information, Government paperwork, Government trust funds, Health policy, Hobbies, Immigration, Income tax, Insurance, Interest, Intergovernmental tax relations, Internal revenue law, Internal Revenue Service (IRS), Interstate compacts, Inventories, Labor, Law, Loan defaults, Medical care, Medicare, Old age, survivors and disability insurance, Payroll deductions, Politics and government, Poverty, Rebates, Sales tax, Small business, Social security, Social security finance, Social security taxes, Sports, State and local government, State politics and government, Tax administration, Tax auditing, Tax courts, Tax credits, Tax liens, Tax penalties, Tax refunds, Tax returns, Tax simplification, Taxation, Taxation of foreign income, Taxpayer compliance, Taxpayers, Telecommunication, Telephone, Trade, Wages, Welfare, Withholding tax
Latest Action: 03/29/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States. 3/29/2007--Introduced. Fair Tax Act of 2007 - Repeals the income tax, employment tax, and estate and gift tax. Redesignates the Internal Revenue Code of 1986 as the Internal Revenue Code of 2007. Imposes a national sales tax on the use or consumption in the United States of taxable property or services. Sets the sales tax rate at 23% in 2009, with adjustments to the rate in subsequent years. Allows exemptions from the tax for property or services purchased for business, export, or investment purposes and for state government functions. Sets forth rules relating to: (1) the collection and remittance of the sales tax; and (2) credits and refunds. Allows families a sales tax rebate.Grants states the primary authority for the collection [...] show full description
Also tagged in: Aged, Business, Children, Civil service retirement, Congress, Congressional voting, Corporation taxes, Cost of living adjustments, Economic policy, Estate tax, Excise tax, Executive compensation, Flat-rate tax, Government employees, House rules and procedure, Income tax, Indexing (Economic policy), Individual retirement accounts, Labor, Legislation, Legislative amendments, Legislative resolutions, Local employees, Minimum tax, Pension funds, Pensions, Retirement income, Self-employed, Senate rules and procedure, Social security, State and local government, State employees, Tax credits, Tax deductions, Tax exclusion, Tax expenditures, Tax penalties, Tax rates, Tax simplification, Tax-deferred compensation plans, Tax-exempt organizations, Taxation, Unemployment insurance
Latest Action: 03/29/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to repeal the current Internal Revenue Code and replace it with a flat tax, thereby guaranteeing economic growth and greater fairness for all Americans. 3/29/2007--Introduced. Tax Simplification Act of 2007 - Amends the Internal Revenue Code to replace the marginal income tax rates with a single rate of 19 percent (17 percent after December 31, 2009) on individual taxable income. Redefines "taxable income" to mean the amount by which wages, retirement distributions, and unemployment compensation exceed the standard deduction. Increases the basic standard deduction and includes an additional standard deduction for dependents. Includes in taxable income the taxable income of each dependent child under the age of 14. Replaces the current tax on corporations with a tax on every person engaged in a business activity equal to 19 percent (17 percent after December 31, 2009) of the business taxable income of such person. Makes the person engaged in the business activity [...] show full description
Also tagged in: Aged, Budgets, Business, Campaign funds, Charitable contributions, Checkoff, Children, Coal, Coal mines and mining, Corporation taxes, Cost of living adjustments, Custody of children, Disabled, Divorce, Economic policy, Elections, Employee health benefits, Energy, Estate tax, Families, Finance, Flat-rate tax, Government trust funds, Health policy, Home ownership, Housing, Housing finance, Income tax, Indexing (Economic policy), Inheritance tax, Interest, Labor, Lobbying, Medical care, Miners, Mortgages, Pension funds, Pensions, Politics and government, Presidential elections, Presidents, Retiree health benefits, Separation (Law), Sheltered workshops, Tax deductions, Tax returns, Taxation, Wages
Latest Action: 04/10/2007 - Sponsor introductory remarks on measure. (CR S4294) Bill TextA bill to amend the Internal Revenue Code of 1986 to impose a flat tax only on individual taxable earned income and business taxable income, and for other purposes. 4/10/2007--Introduced. Flat Tax Act of 2007 - Replaces the income tax with a flat tax of 20 percent of taxable earned income of individual taxpayers. Defines "taxable earned income" as the excess of earned income (wages, salaries, professional fees) over a standard deduction, a deduction for cash charitable contributions, and a deduction for home mortgage interest. Sets forth definitions and special rules for surviving spouses, heads of household, and dependents.Imposes a flat tax of 20 percent on business taxable income. Defines "business taxable income" as gross active income (other than investment income) reduced by: (1) the cost of business inputs (cost of specified goods, services, travel, and entertainment expenditures); (2) employee compensation; and (3) the cost of personal and [...] show full description
Also tagged in: Campaign funds, Congress, Congressional elections, Elections, Excise tax, Government information, Government paperwork, Income tax, Political action committees, Politics and government, Presidential elections, Presidents, Tax exclusion, Tax penalties, Tax-exempt organizations, Taxation
Latest Action: 02/27/2007 - Referred to the Committee on Ways and Means, and in addition to the Committee on House Administration, 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 comm Bill TextTo amend the Internal Revenue Code of 1986 to impose penalties for the failure of 527 organizations to comply with disclosure requirements. 2/27/2007--Introduced. 527 Transparency Act of 2007 - Amends the Internal Revenue Code to revise disclosure requirements for tax-exempt political organizations (527 organizations) to require monthly reporting of contributions and expenditures. Imposes a penalty tax on political organizations that fail to meet disclosure requirements. Denies a gift tax exclusion for donations to political organizations that fail to meet disclosure requirements. Requires political organizations to file disclosure reports simultaneously with the Secretary of the Treasury and the Federal Election Commission (FEC).
Latest Action: 03/20/2007 - Referred to the House Committee on Ways and Means. Bill TextTo repeal the Federal estate and gift taxes. 3/20/2007--Introduced. Death Tax Repeal Act of 2007 - Repeals the federal estate, gift, and generation-skipping transfer taxes.
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Latest Legislation - View All
Latest Action: 05/22/2008 - Read twice and referred to the Committee on Finance. Bill TextA bill to amend the Internal Revenue Code of 1986 to make the capital gains and dividends rate permanent and to provide estate tax relief and reform, and for other purposes. 5/22/2008--Introduced. Makes permanent the tax rate reductions for dividends and capital gains enacted by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Amends the Internal Revenue Code to: (1) restore the unified credit against the estate and gift tax after 2009; (2) establish the amount of such credit at $3.5 million; and (3) provide for a single 15% estate and gift tax rate.
Also tagged in: Annuities, Business, Congress, Congressional voting, Estate tax, Families, Federal employees, Flat-rate tax, Government employees, Income tax, Inheritance tax, Labor, Legislation, Legislative amendments, Legislative resolutions, Local employees, Married people, Minimum tax, Pensions, State and local government, State employees, Tax administration, Tax credits, Tax deductions, Tax rates, Tax-exempt organizations, Taxation, Unemployment insurance, Wages
Latest Action: 04/15/2008 - Read twice and referred to the Committee on Finance. Bill TextA bill to amend the Internal Revenue Code of 1986 to provide taxpayers a flat tax alternative to the current income tax system. 4/15/2008--Introduced. Optional One Page Flat Tax Act - Amends the Internal Revenue Code to authorize an individual or a person engaged in business activity to make an irrevocable election to be subject to a flat tax (in lieu of the existing tax provisions) of 19% for the first two years after an election is made, and 17% thereafter. Calculates taxable income for individual taxpayers by subtracting a basic standard deduction and an additional standard deduction for each dependent from the total of wages, retirement distributions, and unemployment compensation. Defines "business taxable income" to mean gross active income reduced by the cost of certain business inputs. Imposes an employer tax on the value of excludable compensation provided to employees not engaged in business activity of 19% for the first two years after an election [...] show full description
Also tagged in: Capital gains tax, Economic policy, Estate tax, Finance, Health insurance, Health policy, Income tax, Indexing (Economic policy), Individual retirement accounts, Job training, Medical care, Medical economics, Minimum tax, Pensions, Research and development tax credit, Saving and investment, Science policy, Tax deductions, Tax exemption, Tax rates, Tax simplification, Taxation
Latest Action: 01/23/2008 - Read twice and referred to the Committee on Finance. Bill TextA bill to amend the Internal Revenue Code of 1986 to reduce taxes by providing an alternative determination of income tax liability for individuals, repealing the estate and gift taxes, reducing corporate income tax rates, reducing the maximum tax for individuals on capital gains and dividends to 10 percent, indexing the basis of assets for purposes of determining capital gain or loss, creating tax-free accounts for retirement savings, lifetime savings, and life skills, repealing the adjusted gross income threshold in the medical care deduction for individuals under age 65 who have no employer health coverage, and for other purposes. 1/23/2008--Introduced. Fair and Simple Tax Act of 2008 - Amends the Internal Revenue Code to: (1) establish an alternative income tax rate system with three tax brackets (10, 15, and 30%); (2) repeal the estate and gift tax; (3) adjust the increased alternative minimum tax (AMT) exemption amounts for inflation after 2007 and make such exemptions [...] show full description
Also tagged in: Capital gains tax, Economic policy, Estate tax, Finance, Health insurance, Health policy, Income tax, Indexing (Economic policy), Individual retirement accounts, Job training, Medical care, Medical economics, Minimum tax, Pensions, Research and development tax credit, Saving and investment, Science policy, Tax deductions, Tax exemption, Tax rates, Tax simplification, Taxation
Latest Action: 01/23/2008 - Sponsor introductory remarks on measure. (CR H392) Bill TextTo amend the Internal Revenue Code of 1986 to reduce taxes by providing an alternative determination of income tax liability for individuals, repealing the estate and gift taxes, reducing corporate income tax rates, reducing the maximum tax for individuals on capital gains and dividends to 10 percent, indexing the basis of assets for purposes of determining capital gain or loss, creating tax-free accounts for retirement savings, lifetime savings, and life skills, repealing the adjusted gross income threshold in the medical care deduction for individuals under age 65 who have no employer health coverage, and for other purposes. 1/23/2008--Introduced. Fair and Simple Tax Act of 2008 - Amends the Internal Revenue Code to: (1) establish an alternative income tax rate system with three tax brackets (10, 15, and 30%); (2) repeal the estate and gift tax; (3) adjust the increased alternative minimum tax (AMT) exemption amounts for inflation after 2007 and make such exemptions permanent;[...] show full description
Also tagged in: Alternative energy sources, Biomass energy, Business, Capital gains tax, Charitable contributions, Commodity tax straddles, Congress, Diesel motor, Dividends, Electric power production, Energy, Energy research, Estate tax, Excise tax, Finance, Foreign corporations, Foreign tax credit, Foundations, Gasoline, Government information, Hotels, motels, etc., Hydrogen, Income tax, Individual retirement accounts, Interest, Investments, Legislation, Minimum tax, Nuclear power plants, Pensions, Public records, Real estate investment trusts, Rent, Research and development tax credit, Science policy, Service stations, Small business, Sulphur, Tax administration, Tax credits, Tax exclusion, Tax-exempt organizations, Taxation, Trade, Transportation, Unrelated business income tax, Valuation, Wind power
Latest Action: 12/29/2007 - Became Public Law No: 110-172. Bill TextTo 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 [...] show full description
Also tagged in: Alternative energy sources, Biomass energy, Business, Capital gains tax, Charitable contributions, Commodity tax straddles, Congress, Diesel motor, Dividends, Electric power production, Energy, Energy research, Estate tax, Excise tax, Finance, Foreign corporations, Foreign tax credit, Foundations, Gasoline, Government information, Hotels, motels, etc., Hydrogen, Income tax, Individual retirement accounts, Interest, Investments, Legislation, Minimum tax, Nuclear power plants, Pensions, Public records, Real estate investment trusts, Rent, Research and development tax credit, Science policy, Service stations, Small business, Sulphur, Tax administration, Tax credits, Tax exclusion, Tax-exempt organizations, Taxation, Trade, Transportation, Unrelated business income tax, Valuation, Wind power
Latest Action: 11/15/2007 - Sponsor introductory remarks on measure. (CR S14494) Bill TextA 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.
Also tagged in: Alternative energy sources, Biomass energy, Business, Capital gains tax, Charitable contributions, Commodity tax straddles, Congress, Diesel motor, Dividends, Electric power production, Energy, Energy research, Estate tax, Excise tax, Finance, Foreign corporations, Foreign tax credit, Foundations, Gasoline, Government information, Hotels, motels, etc., Hydrogen, Income tax, Individual retirement accounts, Interest, Investments, Legislation, Minimum tax, Nuclear power plants, Pensions, Public records, Real estate investment trusts, Rent, Research and development tax credit, Science policy, Service stations, Small business, Sulphur, Tax administration, Tax credits, Tax exclusion, Tax-exempt organizations, Taxation, Trade, Transportation, Unrelated business income tax, Valuation, Wind power
Latest Action: 11/15/2007 - Referred to the House Committee on Ways and Means. Bill TextTo 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 TextTo amend the Internal Revenue Code of 1986 to retain the estate tax with an immediate increase in the exemption, to repeal the new carryover basis rules in order to prevent tax increases and the imposition of compliance burdens on many more estates than would benefit from repeal, and for other purposes. 11/15/2007--Introduced. Certain and Immediate Estate Tax Relief Act of 2007 - Restores the tax on estates and generation-skipping transfers and the step-up in basis provisions for property acquired from a decedent, previously repealed by the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA). Declares that the sunset provision (general terminating date of December 10, 2010) of EGTRRA shall not apply to title V of such Act ( Estate, Gift, and Generation-Skipping Transfer Tax Provisions). Amends the Internal Revenue Code to: (1) provide for an immediate increase to $3 million of the estate tax exclusion (eliminating the phase-in period) with a permanent [...] show full description
Also tagged in: Congress, Cost of living adjustments, Economic policy, Estate tax, Finance, Indexing (Economic policy), Inheritance tax, Sunset legislation, Tax credits, Taxation, Valuation
Latest Action: 11/14/2007 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 and the Economic Growth and Tax Relief Reconciliation Act of 2001 to restore the estate tax and repeal the carryover basis rule and to increase the estate tax unified credit to an exclusion equivalent of $3,500,000. 11/14/2007--Introduced. Amends the Internal Revenue Code to: (1) restore the tax on estates and generation-skipping transfers; (2) repeal the termination of provisions allowing a step-up in basis for property transferred by a decedent; and (3) increase the estate tax exclusion amount to $3.5 million, with an annual inflation adjustment to such amount beginning in 2008.
Also tagged in: Air pollution, Air traffic, Air traffic control, Airline employees, Airline passenger traffic, Airports, Alcohol as fuel, Appropriations, Aviation fuels, Biomass energy, Bonds, Bridges, Budgets, Business, Collection of accounts, Corporation taxes, Diesel motor, Energy, Environmental protection, Excise tax, Executive departments, Expatriation, Federal advisory bodies, Federal aid to transportation, Finance, Fines (Penalties), Foreign corporations, Free ports and zones, Gasoline, Government information, Government paperwork, Government trust funds, Great Lakes, Harbors, Highway finance, Immigration, Income tax, Individual retirement accounts, Infrastructure, Interest, Interest rates, Labor, Law, Liability for environmental damages, Marine terminals, Minnesota, Motor vehicle pollution control, New York City, New York State, Oil pollution, Pension funds, Pensions, Private aviation, Punitive damages, Railroad engineering, Railroad finance, Road construction, St. Lawrence Seaway, Tax administration, Tax credits, Tax deductions, Tax evasion, Tax exemption, Tax penalties, Tax rates, Tax returns, Tax-deferred compensation plans, Taxation, Taxation of foreign income, Taxpayers, Tourism, Trade, Transportation, Valuation, Water pollution, Withholding tax
Latest Action: 11/13/2007 - Committee on Finance. Original measure reported to Senate by Senator Baucus. With written report No. 110-228. Additional views filed. Bill TextAn original bill to amend the Internal Revenue Code of 1986 and to extend the financing for the Airport and Airway Trust Fund, and for other purposes. 11/13/2007--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.)American Infrastructure Investment and Improvement Act of 2007 - Title I: Airport And Airway Trust Fund Provisions And Related Taxes - (Sec. 101) Amends the Internal Revenue Code to extend through FY2011 the excise taxes on aviation fuels and the transportation of persons and property by air.(Sec. 102) Extends through FY2011 the expenditure authority for the Airport and Airway Trust Fund.(Sec. 103) Imposes an excise tax on aviation-grade kerosene of 35.9 cents per gallon (4.3 cents per gallon for fuel used in commercial aviation). (Sec. 104) Increases to $16.[...] show full description
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