Top Legislation - View All
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, Gift tax, 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 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: Accounting, Business, Depreciation and amortization, Due process of law, Finance, Food, Foreign corporations, Income tax, Inventories, Labor, Law, Leases, Minimum wages, Pensions, Railroad retirement plans, Restaurants, Small business, Social security, Social security taxes, Tax administration, Tax credits, Tax deductions, Tax refunds, Tax shelters, Taxation, Taxation of foreign income, Taxpayers, Trade, Transportation, Unemployment insurance, Wages, Withholding tax
Latest Action: 01/22/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to amend the Fair Labor Standards Act of 1938 to provide for an increase in the Federal minimum wage, and for other purposes. 1/22/2007--Introduced. Minimum Wage Act of 2007 - Amends the Fair Labor Standards Act of 1938 to increase the federal minimum wage to: (1) $5.85 an hour, beginning on the 60th day after enactment of this Act; (2) $6.55 an hour, beginning 12 months after that 60th day; and (3) $7.25 an hour, beginning 24 months after that 60th day.Amends the Internal Revenue Code to: (1) make permanent accelerated cost recovery provisions for qualified leasehold improvement and restaurant property; (2) permit certain small businesses with gross receipts of not more than $10 million to use cash accounting methods and be exempt from the requirement of using inventories; (3) allow employers the work opportunity tax credit for hiring certain restaurant workers between the ages of 16 and 20; (4) set forth a definition and rules for evaluating the economic substance [...] show full description
Also tagged in: Accounting, Administrative procedure, Administrative remedies, Bank employees, Budgets, Business, Capital gains tax, Checks, Citizenship, Compensation for victims of crime, Congress, Congressional reporting requirements, Construction costs, Contracts, Corporation taxes, Cost of living adjustments, Criminal investigation, Criminal justice, Debt, Department of the Treasury, Depreciation and amortization, Disabled, Due process of law, Economic policy, Employment, Employment agencies, Enterprise zones, Executive compensation, Executive departments, Executive reorganization, Expatriation, Finance, Fines (Penalties), Food, Foreign corporations, Fraud, Gifts, Governmental investigations, Immigration, Income tax, Indexing (Economic policy), Insurance, Interest, Internal Revenue Service (IRS), Inventories, Investments, Job training, Labor, Law, Leases, Legislation, Pensions, Professions, Profit, Punitive damages, Restaurants, Retail trade, Securities, Small business, Stockholders, Stocks, Subsidiary corporations, Surety and fidelity, Tax administration, Tax credits, Tax deductions, Tax deferral, Tax exclusion, Tax penalties, Tax refunds, Tax returns, Tax-deferred compensation plans, Taxation, Taxation of foreign income, Trade, Trusts and trustees, Urban affairs, User charges, Veterans, Veterans' employment, Visas, Wages, Welfare, Welfare work participation, Whistle blowing, Withholding tax
Latest Action: 01/22/2007 - Committee on Finance. Original measure reported to Senate by Senator Baucus. With written report No. 110-1. Additional views filed. Bill TextAn original bill to amend the Internal Revenue Code of 1986 to provide additional tax incentives to employers and employees of small businesses, and for other purposes. 1/22/2007--Reported to Senate without amendment, 1st committee reporting. (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.) Small Business and Work Opportunity Act of 2007 - Title I: Small Business Tax Relief Provisions - Subtitle A: General Provisions - (Sec. 101) Amends the Internal Revenue Code to extend through 2010 the increased expensing allowance for small business assets. (Sec. 102) Extends through March 2008 accelerated depreciation of qualified leasehold and restaurant improvement property. Revises the definition of "qualified restaurant property" to eliminate the requirement that improvements to restaurant property must be [...] show full description
Also tagged in: Accreditation (Medical care), Actions and defenses, Administrative fees, Administrative procedure, Administrative remedies, Aged, Appropriations, Armed forces, Auditing, Australia, Budgets, Business, Business records, Canada, Capital gains tax, Caribbean area, Checks, Citizenship, Civil liberties, Claims, Competitive bidding, Conflict of interests, Congress, Congressional reporting requirements, Consumer education, Consumers, Continental shelf, Contracts, Corporation taxes, Cost of living adjustments, Courts of special jurisdiction, Credit cards, Criminal justice, Cuba, Customs administration, Damages, Data banks, Defective products, Defense contracts, Defense economics, Department of Defense, Department of Health and Human Services, Department of Homeland Security, Department of the Interior, Department of the Treasury, Directories, Disciplining of employees, Dividends, Drug advertising, Drug approvals, Drug industry, Drugs, Due process of law, East Asia, Education, Electronic commerce, Electronic data interchange, Electronic funds transfers, Electronic government information, Employee rights, Energy, Environmental Protection Agency, Europe, European Union, Evidence (Law), Executive departments, Expatriation, Export controls, Exports, Federal Emergency Management Agency, Federal employees, Federal officials, Federal preemption, Federal Trade Commission, Federal-state relations, Fees, Finance, Fines (Penalties), Food and Drug Administration (FDA), Foreign corporations, Foreign policy, Foreign tax credit, Forfeiture, Fraud, Gas in submerged lands, General Services Administration, Gifts, Government contractors, Government employees, Government information, Government paperwork, Government procurement, Government publicity, Government spending reductions, Governmental investigations, Gulf of Mexico, Health policy, Higher education, Identification devices, Immigration, Import restrictions, Imports, Income tax, Independent regulatory commissions, Indexing (Economic policy), Infrastructure, Infrastructure (Economics), Injunctions, Intellectual property, Intelligence activities, Interactive media, International broadcasting, Internet, Japan, Judicial review, Jurisdiction, Labeling, Latin America, Law, Legal fees, Liability (Law), Licenses, Lobbying, Medical associations, Medical care, Medical education, Medical records, Medical tests, Medicare, Medicine, Minimum tax, New Zealand, Oceania, Office of Government Ethics, Office of Management and Budget, Office of Special Counsel, Oil and gas leases, Oil and gas royalties, Oil well drilling, Overhead costs, Packaging, Parties to actions, Patent infringement, Patents, Petroleum in submerged lands, Pharmaceutical research, Pharmacies, Pharmacists, Physical examinations, Politics and government, Prescription pricing, Presidential appointments, Presidents, Price discrimination, Product counterfeiting, Profit, Public contracts, Restrictive trade practices, Right of privacy, Science policy, Security clearances, State and local government, State laws, Sunset legislation, Surety and fidelity, Switzerland, Tax deductions, Tax deferral, Tax exclusion, Tax exemption, Tax rates, Tax shelters, Taxation of foreign income, Technology, Telecommunication, Telephone, Television broadcasting, Trade, User charges, Web sites, Whistle blowing, Wholesale trade
Latest Action: 02/12/2007 - Sponsor introductory remarks on measure. (CR S1855-1857) Bill TextA bill to reduce the Federal budget deficit, and for other purposes. 2/12/2007--Introduced. Act for Our Kids - Repeals the Television Broadcasting to Cuba Act. Amends the Cuban Liberty and Democratic Solidarity (LIBERTAD) Act of 1996 to prohibit federal funding of television broadcasting to Cuba. Terminates the U.S. Court of Federal Claims. Requires federal agencies to reduce administrative expenses. Eliminates the Medicare Advantage Regional Plan Stabilization (SLUSH) Fund. Amends the federal criminal code to prohibit profiteering and fraud involving a contract or the provision of goods or services in connection with a war or military action. Requires: (1) suspension and debarment of unethical contractors; (2) disclosure by federal agencies, upon request, to the appropriate committee chairman or ranking member of audit reports regarding federal contractors; and (3) public access to information on federal contractor penalties and [...] show full description
Also tagged in: Accounting, Administrative procedure, Administrative remedies, Afghanistan, Air travel, Armed forces, Auditing, Awards, medals, prizes, Budgets, Business, Business education, Commemorations, Competitive bidding, Congress, Congressional investigations, Congressional reporting requirements, Cost control, Cost effectiveness, Credit cards, Criminal justice, Curricula, Defense contracts, Defense economics, Department of Homeland Security, Economic assistance, Education, Employee training, Exchange of persons programs, Executive departments, Executive reorganization, Federal employees, Federal officials, Finance, Foreign aid, Fraud, Fringe benefits, Government and business, Government contractors, Government employees, Government information, Government internships, Government paperwork, Government procurement, Government publicity, Governmental investigations, Higher education, Income tax, Inspectors general, Interest, Iraq compilation, Job training, Law, Management, Marketing, National security, Office of Management and Budget, Performance measurement, Politics and government, Public contracts, Recruiting of employees, Salaries, Scholarships, Small business, South Asia, Strategic planning, Subcontractors, Subpoena, Tax administration, Taxation, Transfer of employees, Transportation, Waste in government spending
Latest Action: 11/08/2007 - Received in the House. Bill TextA bill to ensure proper oversight and accountability in Federal contracting, and for other purposes. 11/7/2007--Passed Senate amended. (There is 1 other summary) Accountability in Government Contracting Act of 2007 - Title I: Acquisition Workforce - (Sec. 101) Amends the Office of Federal Procurement Policy Act to require the Administrator for Federal Procurement Policy to: (1) designate a member of the Senior Executive Service as the Associate Administrator for Workforce Programs, in the Federal Acquisition Institute, to oversee government-wide acquisition workforce activities; and (2) establish a government-wide acquisition intern program. Sets forth requirements for program course work.Requires: (1) the Administrator to establish a government-wide Contingency Contracting Corps that shall be available for deployment in responding to disasters and contingency operations; (2) the Administrator to report to specified congressional committees,[...] 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, Gift tax, 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 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
Latest Action: 04/17/2007 - Sponsor introductory remarks on measure. (CR S4604-4606) Bill TextA bill to amend the Internal Revenue Code of 1986 to simplify, modernize, and improve public notice of and access to tax lien information by providing for a national, Internet accessible, filing system for Federal tax liens, and for other purposes. 4/17/2007--Introduced. Tax Lien Simplification Act - Amends the Internal Revenue Code to revise procedures for the filing of federal tax liens. Direct the Secretary of the Treasury to establish and maintain a federal tax lien registry, in lieu of filing tax liens in local jurisdictions, which would be accessible to and searchable by the public through the Internet at no cost. Establishes the priority of a federal tax lien based upon the date and time of the filing of a notice of lien in the federal tax lien registry. Reduces the period for releasing satisfied or unenforceable tax liens from 30 to 10 days.
Also tagged in: Administrative remedies, Aged, Collection of accounts, Health policy, Hospital care, Law, Medical care, Medicare, Medicine, Tax administration, Tax refunds, Taxation
Latest Action: 05/03/2007 - Sponsor introductory remarks on measure. (CR S5600-5601) Bill TextA bill to include Medicare provider payments in the Federal Payment Levy Program, to require the Department of Health and Human Services to offset Medicare provider payments by the amount of the provider's delinquent Federal debt, and for other purposes. 5/3/2007--Introduced. Medicare Provider Accountability Act - Directs the Centers for Medicare and Medicaid Services to: (1) take all necessary steps to participate in the Federal Payment Levy Program as soon as possible; and (2) ensure that at least 50% of all payments under parts A (Hospital Insurance) and B (Supplementary Medical Insurance) of title XVIII (Medicare) of the Social Security Act are processed through such program within one year of enactment of this Act, and all remaining payments within two years. Requires the Department of Health and Human Services to offset Medicare provider payments by the amount of the provider's delinquent federal debt. Amends the Internal Revenue Code to make notice and [...] show full description
Also tagged in: Armed forces, Bonds, Business, Capital gains tax, Citizenship, Defense policy, Disability evaluation, Disabled, Earned income tax credit, Expatriation, Families, Finance, Gifts, Housing, Housing finance, Immigration, Income tax, Individual retirement accounts, Intelligence activities, Intelligence officers, Iraq compilation, Labor, Military dependents, Military pay, Military personnel, Mortgages, Pensions, Retirement income, Small business, Survivors' benefits, Tax credits, Tax deferral, Tax exclusion, Tax exemption, Tax penalties, Tax refunds, Tax returns, Taxation, Veterans, Veterans' benefits, Veterans' disability compensation, Visas, Wages, Welfare
Latest Action: 06/12/2007 - Sponsor introductory remarks on measure. (CR S7548) Bill TextA bill to amend the Internal Revenue Code of 1986 to provide tax relief and protections to military personnel, and for other purposes. 6/12/2007--Introduced. Defenders of Freedom Tax Relief Act of 2007 - Amends Internal Revenue Code provisions relating to military personnel to: (1) extend the limitation period for filing tax refund claims resulting from Department of Veterans Affairs (VA) disability determinations; (2) make permanent the taxpayer election to treat combat zone compensation as earned income for purposes of the earned income tax credit; (3) treat differential wage payments made to active duty members of the uniformed services as wages for retirement plan purposes; (4) make permanent the exemption from the 10% penalty for premature retirement plan distributions made by active duty military personnel; (5) treat state payments to members of the uniformed services as qualified military benefits for purposes of the tax exclusion of such benefits; (6) make permanent [...] show full description
Also tagged in: Actions and defenses, Aliens, Business, Checks, Civil liberties, Communications, Congressional reporting requirements, Criminal justice, Department of the Treasury, Earned income tax credit, Electronic government information, Executive departments, Families, Finance, Financial services, Foreign corporations, Fraud, Government information, Government paperwork, Government publicity, Identity theft, Income tax, Individual retirement accounts, Inspectors general, Interest, Internet, Joint ventures, Labor, Law, Limitation of actions, Loans, Married people, Mass media, Names, Pensions, Politics and government, Prisoners, Property tax, Right of privacy, Right of property, Self-employed, Signs and symbols, Tax administration, Tax evasion, Tax exemption, Tax penalties, Tax refunds, Tax returns, Taxation, Taxpayers, Technology, Telecommunication, Trade, Usury, Web sites, Welfare, Welfare eligibility, Withholding tax
Latest Action: 04/18/2007 - Received in the Senate and Read twice and referred to the Committee on Finance. Bill TextTo amend the Internal Revenue Code of 1986 to enhance taxpayer protections and outreach. 4/17/2007--Passed House amended. (There is 1 other summary) Taxpayer Protection Act of 2007 - Amends Internal Revenue Code provisions relating to tax administration and taxpayer protections. (Sec. 2) Allows married couples who file a joint tax return to elect to conduct their business activities as a qualified joint venture without being treated as a partnership. Defines "qualified joint venture" as a trade or business entity in which the only members are a husband and wife who materially participate in such venture. Allows participating spouses to conduct their individual business activities as sole proprietors and divides their items of income and expense in accordance with their respective interests in such venture. (Sec. 3) Requires the Secretary of the Treasury to notify a taxpayer of: (1) any unauthorized use of such taxpayer's identity [...] show full description
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Latest Legislation - View All
Latest Action: 04/10/2008 - Read twice and referred to the Committee on Finance. Bill TextA bill to amend the Internal Revenue Code of 1986 to allow a continuous levy on payments to Medicaid providers and suppliers. 4/10/2008--Introduced. Medicaid Levy Enhancement Act - Amends the Internal Revenue Code to impose a continuous levy on payments to Medicaid providers and suppliers for delinquent taxes owed by such providers and suppliers.
Latest Action: 04/10/2008 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to allow a continuous levy on payments to Medicaid providers and suppliers. 4/10/2008--Introduced. Medicaid Levy Enhancement Act - Amends the Internal Revenue Code to impose a continuous levy on payments to Medicaid providers and suppliers for delinquent taxes owed by such providers and suppliers.
Also tagged in: Budgets, Business, Collection of accounts, Communications, Congress, Congressional reporting requirements, Corporation taxes, Criminal justice, Debit cards, Department of the Treasury, Earned income tax credit, Electronic funds transfers, Executive departments, Finance, Fraud, Government contractors, Government information, Government procurement, Government publicity, Government service contracts, Governmental investigations, Grants-in-aid, Home care services, Identity theft, Income tax, Internet, Labor, Law, Loans, Names, Partnerships, Public contracts, Searches and seizures, Signs and symbols, Social services, Tax auditing, Tax deductions, Tax exemption, Tax penalties, Tax preparers, Tax refunds, Tax returns, Taxation, Taxpayers, Technology, Telecommunication, Volunteer workers, Welfare, Wireless communication, Withholding tax
Latest Action: 04/16/2008 - Received in the Senate and Read twice and referred to the Committee on Finance. Bill TextTo amend the Internal Revenue Code of 1986 to conform return preparer penalty standards, delay implementation of withholding taxes on government contractors, enhance taxpayer protections, assist low-income taxpayers, and for other purposes. 4/15/2008--Passed House amended. (There are 2 other summaries) Taxpayer Assistance and Simplification Act of 2008 - (Sec. 2) Amends the Internal Revenue Code to modify the standards for imposing penalties on tax return preparers for understatements of tax to require: (1) substantial authority for a position with respect to an item on a tax return if such position was not disclosed with the return; and (2) a reasonable basis for a position that was disclosed with the return. Requires tax return preparers to have a reasonable belief that a position with respect to a tax shelter or a reportable transaction (a transaction having a potential for tax avoidance or evasion) will more likely than not be sustained on [...] show full description
Also tagged in: Budgets, Business, Collection of accounts, Corporations, Debt, Federal aid programs, Finance, Fines (Penalties), Government contractors, Government procurement, Income tax, Law, Partnerships, Public contracts, Subsidies, Taxation
Latest Action: 04/15/2008 - Received in the Senate and Read twice and referred to the Committee on Homeland Security and Governmental Affairs. Bill TextTo prohibit the awarding of a contract or grant in excess of the simplified acquisition threshold unless the prospective contractor or grantee certifies in writing to the agency awarding the contract or grant that the contractor or grantee has no seriously delinquent tax debts, and for other purposes. 4/14/2008--Passed House amended. (There are 2 other summaries) (This measure has not been amended since it was reported to the House on April 10, 2008. The summary of that version is repeated here.)Contracting and Tax Accountability Act of 2008 - Establishes a policy that no U.S. government contracts or grants should be awarded to individuals or companies with seriously delinquent tax debts.Requires a person who has such a debt to be proposed for debarment from any federal government contract unless such requirement is waived by a federal agency head. Requires an agency head that issues an invitation for bids or a request for [...] show full description
Also tagged in: Budgets, Business, Collection of accounts, Corporations, Debt, Federal aid programs, Finance, Fines (Penalties), Government contractors, Government procurement, Income tax, Law, Partnerships, Public contracts, Subsidies, Taxation
Latest Action: 12/19/2007 - Read twice and referred to the Committee on Homeland Security and Governmental Affairs. Bill TextA bill to prohibit the awarding of a contract or grant in excess of the simplified acquisition threshold unless the prospective contractor or grantee certifies in writing to the agency awarding the contract or grant that the contractor or grantee has no seriously delinquent tax debts, and for other purposes. 12/19/2007--Introduced. Contracting and Tax Accountability Act of 2007 - Prohibits any person who has a seriously delinquent tax debt from obtaining a federal government contract or grant. Requires federal agency heads to require prospective contractors or grantees to: (1) certify that they do not have such a debt; and (2) authorize the Secretary of the Treasury to disclose information describing whether such contractors or grantees have such a debt. Defines "seriously delinquent tax debt" and an outstanding tax debt for which a notice of lien has been filed in public records.
Also tagged in: Administrative remedies, Aged, Collection of accounts, Health policy, Hospital care, Law, Medical care, Medicare, Medicine, Tax administration, Tax refunds, Taxation
Latest Action: 02/25/2008 - Referred to the Subcommittee on Commercial and Administrative Law. Bill TextTo include Medicare provider payments in the Federal Payment Levy Program, to require the Department of Health and Human Services to offset Medicare provider payments by the amount of the provider's delinquent Federal debt, and for other purposes. 12/5/2007--Introduced. Medicare Provider Accountability Act - Directs the Centers for Medicare and Medicaid Services to: (1) take all necessary steps to participate in the Federal Payment Levy Program as soon as possible; and (2) ensure that at least 50% of all payments under parts A (Hospital Insurance) and B (Supplementary Medical Insurance) of title XVIII (Medicare) of the Social Security Act are processed through such program within one year of enactment of this Act, and all remaining payments within two years.Requires the Department of Health and Human Services to offset Medicare provider payments by the amount of the provider's delinquent federal debt.Amends the Internal Revenue Code to make notice and opportunity [...] show full description
Also tagged in: Administrative procedure, Criminal justice, Criminal justice information, Data banks, Fraud, Government contractors, Government information, Government procurement, Government publicity, Internet, Law, Public contracts, Tax evasion, Tax returns, Taxation, Technology, Telecommunication
Latest Action: 11/16/2007 - Sponsor introductory remarks on measure. (CR S14640) Bill TextA bill to amend the Internal Revenue Code of 1986 to simplify, modernize, and improve public notice of and access to tax lien information by providing for a national, Internet accessible, filing system for Federal tax liens, and for other purposes. 11/16/2007--Introduced. Good Government Contractor Act of 2007 - Repeals provisions of the Tax Increase Prevention and Reconciliation Act of 2005 requiring government agencies to withhold 3% of payments due contractors providing goods and services to such agencies. Requires the Civilian Agency Acquisition Council and the Defense Acquisition Regulations Council to (1) amend the Federal Acquisition Regulation (FAR) to require prospective contractors to be free of any tax debt, to require contracting officers to access the national federal tax lien registry and the federal tax conviction database established by this Act in making a determination of responsibility with respect to any prospective contractor, and to establish as [...] show full description
Also tagged in: Armed forces, Bonds, Business, Capital gains tax, Citizenship, Defense policy, Disability evaluation, Disabled, Earned income tax credit, Expatriation, Families, Finance, Gifts, Housing, Housing finance, Immigration, Income tax, Individual retirement accounts, Intelligence activities, Intelligence officers, Iraq compilation, Labor, Military dependents, Military pay, Military personnel, Mortgages, Pensions, Retirement income, Small business, Survivors' benefits, Tax credits, Tax deferral, Tax exclusion, Tax exemption, Tax penalties, Tax refunds, Tax returns, Taxation, Veterans, Veterans' benefits, Veterans' disability compensation, Visas, Wages, Welfare
Latest Action: 06/12/2007 - Sponsor introductory remarks on measure. (CR S7548) Bill TextA bill to amend the Internal Revenue Code of 1986 to provide tax relief and protections to military personnel, and for other purposes. 6/12/2007--Introduced. Defenders of Freedom Tax Relief Act of 2007 - Amends Internal Revenue Code provisions relating to military personnel to: (1) extend the limitation period for filing tax refund claims resulting from Department of Veterans Affairs (VA) disability determinations; (2) make permanent the taxpayer election to treat combat zone compensation as earned income for purposes of the earned income tax credit; (3) treat differential wage payments made to active duty members of the uniformed services as wages for retirement plan purposes; (4) make permanent the exemption from the 10% penalty for premature retirement plan distributions made by active duty military personnel; (5) treat state payments to members of the uniformed services as qualified military benefits for purposes of the tax exclusion of such benefits; (6) make permanent [...] show full description
Also tagged in: Accounting, Administrative procedure, Administrative remedies, Affiliated corporations, Business, Confidential communications, Corporate finance, Corporate mergers, Corporation taxes, Debt, Department of the Treasury, Depreciation and amortization, Dividends, Evidence (Law), Executive departments, Finance, Fines (Penalties), Foreign corporations, Fraud, Government information, Government paperwork, Income tax, Interest, Law, Leases, Losses, Profit, Stockholders, Stocks, Subsidiary corporations, Tax administration, Tax consultants, Tax credits, Tax deductions, Tax evasion, Tax penalties, Tax preparers, Tax returns, Tax shelters, Taxation, Taxation of foreign income, Valuation
Latest Action: 05/16/2007 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to curb tax abuses by disallowing tax benefits claimed to arise from transactions without substantial economic substance, and for other purposes. 5/16/2007--Introduced. Abusive Tax Shelter Shutdown and Taxpayer Accountability Act of 2007 - Amends the Internal Revenue Code to revise or add provisions relating to tax shelter activity, including provisions to: (1) define "economic substance" for purposes of evaluating tax shelter transactions; (2) increase penalties for large entities and high net-worth individuals for failure to disclose certain tax shelter transactions; (3) impose penalties for understatements of tax due to transactions lacking economic substance; (4) deny material tax advisors a claim of privilege as to the identity of a client; (5) revise standards for the penalty for understatement of tax liability by income tax return preparers and increase the penalties for such understatements; (6) revise and increase [...] show full description
Also tagged in: Administrative remedies, Aged, Collection of accounts, Health policy, Hospital care, Law, Medical care, Medicare, Medicine, Tax administration, Tax refunds, Taxation
Latest Action: 05/03/2007 - Sponsor introductory remarks on measure. (CR S5600-5601) Bill TextA bill to include Medicare provider payments in the Federal Payment Levy Program, to require the Department of Health and Human Services to offset Medicare provider payments by the amount of the provider's delinquent Federal debt, and for other purposes. 5/3/2007--Introduced. Medicare Provider Accountability Act - Directs the Centers for Medicare and Medicaid Services to: (1) take all necessary steps to participate in the Federal Payment Levy Program as soon as possible; and (2) ensure that at least 50% of all payments under parts A (Hospital Insurance) and B (Supplementary Medical Insurance) of title XVIII (Medicare) of the Social Security Act are processed through such program within one year of enactment of this Act, and all remaining payments within two years. Requires the Department of Health and Human Services to offset Medicare provider payments by the amount of the provider's delinquent federal debt. Amends the Internal Revenue Code to make notice and [...] show full description
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