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Wisconsin, Wool
Latest Action: 10/03/2008 - Pursuant to the provisions of H. Res. 1525, the House moved to agree to the Senate amendments. (consideration: CR H10712-10806) Bill TextA bill to provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, to 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. 10/3/2008--Public Law. (There are 6 other summaries) (This measure has not been amended since it was passed by the Senate on October 1, 2008. The summary of that version is repeated here.)Division A: Emergency Economic Stabilization - Emergency Economic Stabilization Act of 2008 - Title I: Troubled Assets Relief Program - (Sec. 101) Authorizes the Secretary of the Treasury (Secretary) to establish the Troubled Asset Relief Program (TARP) to purchase troubled assets from any financial [...] show full description
Also tagged in: Business, Capital gains tax, Computer software, Congress, Corporation taxes, Depreciation and amortization, Economic policy, Education, Elementary and secondary education, Finance, Income tax, Indexing (Economic policy), Legislation, Minimum tax, Research and development tax credit, Science policy, Small business, Sunset legislation, Tax credits, Tax deductions, Tax rates, Tax simplification, Taxation, Teachers, Teaching materials, Technology
Latest Action: 04/17/2007 - Sponsor introductory remarks on measure. (CR S4602-4604) Bill TextA bill to repeal the sunset on certain tax rates and other incentives and to repeal the individual alternative minimum tax, and for other purposes. 4/17/2007--Introduced. Invest in America Act - Repeals the general termination date (i.e., December 31, 2010) of the Economic Growth and Tax Relief Reconciliation Act of 2001 (thus making provisions of that Act that reduce income tax rates and repeal the estate and gift tax permanent).Repeals the termination date in the Jobs Growth Tax Relief Reconciliation Act of 2003 applicable to the reduction in taxes on dividends and capital gains. Amends the Internal Revenue Code to make permanent: (1) the tax credit for increasing research activities; (2) the increased expensing allowance for small business assets; and (3) the tax deduction for certain expenses of elementary and secondary school teachers. Repeals the alternative minimum tax on individuals after 2006.Expresses the sense of the Senate that the Committee [...] show full description
Latest Action: 01/04/2007 - Sponsor introductory remarks on measure. (CR S110) Bill TextA bill to amend the Internal Revenue Code of 1986 to extend and expand relief from the alternative minimum tax and to repeal the extension of the lower rates for capital gains and dividends for 2009 and 2010. 1/4/2007--Introduced. Amends the Internal Revenue Code to: (1) increase the exemption from the alternative minimum tax for individual taxpayers in 2007; and (2) extend through 2007 the allowance of certain nonrefundable tax credits against alternative minimum tax liability. Repeals provisions of the Tax Increase Prevention and Reconciliation Act of 2005 which extended reductions in capital gains and dividend tax rates through 2010.
Also tagged in: Automated teller machines, Bank accounts, Bank deposits, Bank reserves, Banks and banking, Business, Checks, Congressional reporting requirements, Credit cards, Credit unions, Deposit insurance, Electronic commerce, Electronic funds transfers, Fees, Finance, Financial institutions, Financial services, Government information, Government paperwork, Housing, Interest, Internet, Law, Real estate business, Savings and loan associations, Surveys, Technology, Telecommunication, User charges
Latest Action: 01/04/2007 - Referred to the House Committee on Financial Services. Bill TextTo repeal the prohibition on the payment of interest on demand deposits, and for other purposes. 1/4/2007--Introduced. Business Checking Fairness Act of 2007 - Amends federal law to authorize interest-bearing or dividend-bearing transaction accounts for all businesses, permitting up to 24 transfers per month to another account of the owner in the same institution. Amends the Federal Reserve Act, the Home Owners' Loan Act, and the Federal Deposit Insurance Act to repeal the prohibition against the payment of interest on demand deposits. Amends the Federal Reserve Act to require the Board to survey biennially and report biennially to Congress on bank fees and certain services. Amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, and the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994, to repeal certain reporting requirements. Cites practices which shall not be treated as payment or receipt of interest [...] show full description
Latest Action: 01/10/2007 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to allow individuals to defer recognition of reinvested capital gains distributions from regulated investment companies. 1/10/2007--Introduced. Amends the Internal Revenue Code to provide that, in the case of an electing individual, no gain (up to a specified amount) shall be recognized on the receipt of a capital gain dividend distributed by a regulated investment company if such capital gain dividend is automatically reinvested in additional shares of the company pursuant to a dividend reinvestment plan.
Also tagged in: Aged, Annuities, Capital gains tax, Finance, Income, Income tax, Interest, Losses, Old age, survivors and disability insurance, Pension funds, Pensions, Social security, Tax returns, Tax-deferred compensation plans, Taxation, Taxpayers
Latest Action: 01/12/2007 - Referred to the House Committee on Ways and Means. Bill TextTo allow seniors to file their Federal income tax on a new Form 1040S. 1/12/2007--Introduced. Seniors' Tax Simplification Act of 2007 - Directs the Secretary of the Treasury to make available a new Federal income tax Form 1040S (similar to Form 1040EZ) to individuals who have turned 65 as of the close of the taxable year. Allows the form to be used even if income includes: (1) social security benefits; (2) distributions from qualified retirement plans, annuities, or other such deferred payment arrangements; (3) interest and dividends; or (4) capital gains and losses.
Latest Action: 02/06/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to repeal the sunset on the reduction of capital gains rates for individuals and on the taxation of dividends of individuals at capital gains rates. 2/6/2007--Introduced. Repeals the termination date in the Jobs Growth Tax Relief Reconciliation Act of 2003 for provisions reducing individual tax rates on capital gains and dividend income.
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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: Brokers, Business, Corporate mergers, Corporate reorganizations, Finance, Government information, Government paperwork, Income tax, Interest, Pension funds, Pensions, Securities, Stockholders, Tax administration, Tax returns, Tax-deferred compensation plans, Taxation
Latest Action: 02/15/2007 - Sponsor introductory remarks on measure. (CR S2085-2086) Bill TextA bill to amend the Internal Revenue Code of 1986 to extend the reporting period for certain statements sent to taxpayers. 2/15/2007--Introduced. Reduce Wasteful Tax Forms Act of 2007 - Amends the Internal Revenue Code to extend until February 15 the annual deadline for reporting certain investment income to the Internal Revenue Service.
Also tagged in: Access to health care, Administrative procedure, Alcohol tax, American Samoa, Armed forces, Authorization, Budgets, Business, Business records, California, Capital gains tax, Caregivers, Child health, Children, Clinics, Congress, Congressional investigations, Congressional reporting requirements, Corporation taxes, Defense policy, Dental care, Department of Health and Human Services, Depreciation and amortization, Depressed areas, Diabetes, Disabled, Economic policy, Education, Electronic data interchange, Electronic government information, Elementary and secondary education, Employee health benefits, Employee rights, Employment of the disabled, Enterprise zones, Executive departments, Executive reorganization, Families, Family enterprises, Family leave, Federal aid to child health services, Federal employees, Federal-state relations, Federal-territorial relations, Finance, Government employees, Government information, Government paperwork, Government publicity, Government trust funds, Guam, Hawaii, Health education, Health information systems, Health maintenance organizations, Health policy, Health surveys, Hospital rates, Illegal aliens, Immigration, Import restrictions, Income tax, Indexing (Economic policy), Infants, Insurance premiums, Interest, Intergovernmental fiscal relations, Joint ventures, Labor, Law, Legislation, Licenses, Managed care, Married people, Medicaid, Medical care, Medical economics, Medical records, Medical screening, Medical tests, Medically uninsured, Medicine, Mental health services, Military personnel, Minimum tax, Minimum wages, Northern Mariana Islands, Obesity, Partnerships, Pediatrics, Pensions, Poor children, Pregnant women, Preventive medicine, Puerto Rico, Quality of care, Rural affairs, Rural health, School health programs, Self-employed, Small business, Social security, Social security taxes, State and local government, Supplemental security income program, Tax administration, Tax credits, Tax deductions, Tax penalties, Tax rates, Taxation, Technology, Telecommunication, Tennessee, Tipping, Tobacco industry, Tobacco tax, Trade, Veterans, Veterans' employment, Virgin Islands, Vocational rehabilitation, Wages, War casualties, Welfare, Welfare eligibility, Welfare waivers, Women, Women's health
Latest Action: 10/18/2007 - The Chair announced that the message and the accompanying bill would be referred to the Committees on Energy and Commerce and Ways and Means and that the Clerk would be directed to notify the Senate of the actions of the House. Bill TextAn act to amend title XXI of the Social Security Act to extend and improve the Children's Health Insurance Program, and for other purposes. 9/25/2007--House agreed to Senate amendment with amendment. (There are 4 other summaries) Children's Health Insurance Program Reauthorization Act of 2007 - Makes the amendments made by this Act effective on October 1, 2007, regardless of whether final regulations have been promulgated to carry them out. Allows certain state plans under titles XIX (Medicaid) or XXI (State Children's Health Insurance Program) (CHIP) (also known as SCHIP) of the Social Security Act (SSA) that require state legislation to meet additional requirements imposed by this Act additional time to make required plan changes. Sets forth a contingent effective date for CHIP funding for FY2008. Title I: Financing - Subtitle A: Funding - (Sec. 101) Amends SSA title XXI to reauthorize the CHIP program through FY2012 at [...] show full description
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Latest Legislation - View All
Also tagged in: Air cargo, Business, Finance, Foreign corporations, Income tax, Investments, Merchant ships, Stockholders, Tax deductions, Tax exclusion, Taxation, Taxation of foreign income, Trade, Transportation
Latest Action: 07/29/2008 - Read twice and referred to the Committee on Finance. Bill TextA bill to amend the Internal Revenue Code of 1986 to repeal the shipping investment withdrawal rules in section 955 and to provide an incentive to reinvest foreign shipping earnings in the United States. 7/29/2008--Introduced. American Shipping Reinvestment Act of 2008 - Amends the Internal Revenue Code to: (1) repeal shipping investment withdrawal tax rules; and (2) allow U.S. corporate shareholders a tax deduction for dividends attributable to foreign base company shipping income received from a controlled foreign corporation.
Also tagged in: Agricultural research, Agriculture, Agriculture in foreign trade, Air pollution, Air pollution control, Alaska, Alcoholic beverages, Alternative energy sources, American Samoa, Automobile engines, Bicycles, Biomass energy, Bonds, Books, Budgets, Building construction, Business, Capital gains tax, Carbon dioxide, Cellulose, Charitable contributions, Children, Civil rights, Coal, Cogeneration of electric power and heat, College costs, Computers, Congress, Congressional reporting requirements, Corporation taxes, Criminal justice, Damages, Depreciation and amortization, Depressed areas, Diesel motor, Disaster relief, Discrimination in medical care, Displaced persons, District of Columbia, Drug abuse, Drug abuse treatment, Economic development, Economic policy, Education, Educational technology, Electric appliances, Electric power distribution, Electric power production, Electric vehicles, Elementary and secondary education, Emergency housing, Emergency management, Employee health benefits, Energy, Energy conservation, Energy efficiency, Enterprise zones, Environmental protection, Excise tax, Exports, Federal aid to transportation, Finance, Fines (Penalties), Food, Foreign corporations, Foreign tax credit, Geothermal resources, Government trust funds, Governmental investigations, Greenhouse gases, Hazardous substances, Hazardous wastes, Health insurance, Health policy, Higher education, Highway finance, Housing, Humanities, Hurricanes, Hydroelectric power, Incineration, Income tax, Indian economic development, Individual retirement accounts, Interest, Inventories, Irrigation, Labor, Landfills, Law, Leases, Legal services, Local taxation, Losses, Louisiana, Marine resources, Medical care, Mental health services, Methane, Mine safety, Minimum tax, Minorities, Minority employment, Mortgages, Motion pictures, Mutual funds, Natural resources, New York City, Ocean energy resources, Oil pollution, Pensions, Puerto Rico, Railroad engineering, Recycling of waste products, Refuse as fuel, Rescue work, Research and development tax credit, Restaurants, Rural affairs, Rural education, Sales tax, School buildings, Science policy, Securities, Service stations, Small business, Solar energy, Solid wastes, Sports, Sports facilities, State and local government, State taxation, Stocks, Subsidiary corporations, Tankers, Tariff, Tax administration, Tax credits, Tax deductions, Tax exclusion, Tax exemption, Tax preparers, Tax refunds, Tax returns, Tax-deferred compensation plans, Tax-exempt organizations, Taxation, Taxation of foreign income, Teacher education, Teachers, Technology, Television industry, Terrorism, Trade, Transportation, Travel costs, Trucks, Undercover operations, Virgin Islands, Water resources, Wind power, Wool
Latest Action: 07/30/2008 - Cloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 51 - 43. Record Vote Number: 192. (consideration: CR S7722; text: CR S7722) Bill TextA bill to amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes. 7/24/2008--Introduced. Jobs, Energy, Families, and Disaster 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 the tax credit for producing electricity from wind facilities through 2009 and the tax credit for closed and open-loop biomass, geothermal, small irrigation, hydropower, landfill gas, and trash combustion facilities through 2011. Includes marine and hydrokinetic renewable energy as a renewable resource for purposes of such tax credit. Extends the energy tax credit for solar energy and the residential energy efficient property tax credit through 2016. Extends the energy tax credits for fuel cell and microturbine property through 2017. Allows a new investment tax credit for combined heat and power system property.[...] 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, 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 exclusion, 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
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: Alternative energy sources, Biomass energy, Business, Capital gains tax, Charitable contributions, Commodity tax straddles, Congress, Diesel motor, Electric power production, Energy, Energy research, Estate tax, Excise tax, Finance, Foreign corporations, Foreign tax credit, Foundations, Gasoline, Gift tax, 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
Latest Action: 12/06/2007 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 524. Bill TextA bill to amend the Internal Revenue Code of 1986 to repeal the alternative minimum tax on individuals and replace it with an alternative tax individuals may choose. 12/5/2007--Introduced. Taxpayer Choice Act of 2007 - Amends the Internal Revenue Code to: (1) repeal the alternative minimum tax on individual taxpayers after 2006; and (2) allow taxpayers to elect an alternative income tax system. Makes permanent the capital gains and dividends rate reductions enacted by the Jobs and Growth Tax Relief Reconciliation Act of 2001.
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